Non-Current Assets
Accumulated Depreciation
Philip Morris International Accumulated Depreciation decreased by 0.2% to $11.19B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 13.1%, from $9.9B to $11.19B. Over 5 years (FY 2020 to FY 2025), Accumulated Depreciation shows an upward trend with a 5.6% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
StatementBalance Sheet Statement
SectionNon-Current Assets
CategoryEfficiency
SignalLower is better
VolatilityStable
First reportedQ4 2014
Last reportedQ1 2026Apr 24, 2026
Parent metricPP&E (Net)
How to read this metric
A rapidly growing balance relative to gross assets may signal the need for future capital expenditure to replace aging equipment.
Detailed definition
This represents the cumulative amount of depreciation expense recognized against tangible fixed assets since their acqui...
Peer comparison
Standard accounting metric; used to assess the average age and remaining utility of a company's physical assets.
Metric ID:
ppe_accumulated_depreciationHistorical Data
20 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $8.64B | $8.85B | $8.56B | $8.56B | $8.59B | $8.24B | $8.73B | $8.99B | $9.2B | $9.01B | $9.56B | $9.34B | $9.47B | $9.96B | $9.38B | $9.9B | $10.96B | $11.07B | $11.22B | $11.19B |
| QoQ Change | — | +2.4% | -3.2% | -0.1% | +0.4% | -4.2% | +6.0% | +2.9% | +2.4% | -2.1% | +6.1% | -2.3% | +1.4% | +5.2% | -5.9% | +5.6% | +10.7% | +1.0% | +1.3% | -0.2% |
| YoY Change | — | — | — | — | -0.5% | -6.9% | +2.0% | +5.0% | +7.1% | +9.4% | +9.5% | +3.9% | +2.9% | +10.6% | -2.0% | +5.9% | +15.7% | +11.1% | +19.7% | +13.1% |
| % of PP&E (Net) | 144.6% | 145.9% | 138.8% | 142.6% | 144.1% | 146.8% | 130.1% | 132.4% | 131.7% | 130.9% | 127.2% | 129.8% | 130.4% | 132.0% | 128.2% | 131.4% | 136.2% | 136.4% | 133.6% | — |
| Share Change | — | +1.3pp | -7.1pp | +3.7pp | +1.5pp | +2.7pp | -16.6pp | +2.3pp | -0.8pp | -0.8pp | -3.7pp | +2.5pp | +0.6pp | +1.6pp | -3.8pp | +3.1pp | +4.8pp | +0.2pp | -2.8pp | — |
Range$8.24B – $11.22B
CAGR+5.6%
Avg YoY Growth+6.7%
Median YoY Growth+6.5%
Accumulated Depreciation at Other Companies
Frequently Asked Questions
- What is Philip Morris International's accumulated depreciation?
- Philip Morris International (PM) reported accumulated depreciation of $11.19B in Q1 2026.
- How has Philip Morris International's accumulated depreciation changed year-over-year?
- Philip Morris International's accumulated depreciation increased by 13.1% year-over-year, from $9.9B to $11.19B.
- What is the long-term trend for Philip Morris International's accumulated depreciation?
- Over 5 years (2020 to 2025), Philip Morris International's accumulated depreciation has grown at a 5.6% compound annual growth rate (CAGR), from $8.54B to $11.22B.
- What does accumulated depreciation mean?
- The total amount of depreciation taken on physical assets since they were purchased.