| Balance Sheets | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-09-30 |
|---|---|---|---|---|
| Cash and cash equivalents | 4,037 | 4,138 | 4,443 | 4,258 |
| Trade receivables (less allowances of 25 in 2025 and 47 in 2024) | 4,796 | 4,994 | 4,880 | 4,239 |
| Other receivables (less allowances of 23 in 2025 and 22 in 2024) | 1,027 | 895 | 913 | 952 |
| Leaf tobacco | 2,300 | 2,195 | 2,166 | 1,980 |
| Other raw materials | 2,702 | 2,815 | 2,631 | 2,368 |
| Finished product | 5,265 | 5,718 | 5,330 | 5,007 |
| Total inventory, net | 10,267 | 10,728 | 10,127 | 9,355 |
| Other current assets | 2,538 | 2,609 | 1,833 | 1,992 |
| Total current assets | 22,665 | 23,364 | 22,196 | 20,796 |
| Property, plant and equipment, at cost | 19,186 | 18,999 | 17,428 | 17,512 |
| Less accumulated depreciation | 11,071 | 10,956 | 9,896 | 9,964 |
| Total property, plant and equipment, net | 8,115 | 8,043 | 7,532 | 7,548 |
| Goodwill (note 5) | 17,181 | 17,225 | 16,864 | 17,144 |
| Total other intangible assets, gross | 14,038 | - | - | 13,780 |
| Amortizable intangible assets, accumulated amortization | 2,892 | - | - | 1,864 |
| Other intangible assets, net (note 5) | 11,146 | 11,382 | 11,345 | 11,916 |
| Equity investments (note 13) | 3,133 | 3,352 | 2,972 | 5,631 |
| Deferred income taxes | 1,057 | 1,111 | 1,287 | 1,012 |
| Other assets (less allowances of 12 in 2025 and 26 in 2024) | 3,764 | 4,029 | 2,883 | 2,845 |
| Total assets | 67,061 | 68,506 | 65,079 | 66,892 |
| Short-term borrowings (note 11) | 1,880 | 2,540 | 4,438 | 152 |
| Current portion of long-term debt (note 11) | 6,339 | 6,491 | 6,360 | 4,833 |
| Accounts payable | 3,978 | 3,870 | 3,749 | 3,511 |
| Marketing and selling | 1,405 | 1,169 | 949 | 1,043 |
| Taxes, except income taxes | 5,332 | 6,361 | 5,640 | 6,594 |
| Employment costs | 1,402 | 1,252 | 1,016 | 1,235 |
| Dividends payable | 2,311 | 2,123 | 2,121 | 2,119 |
| Other | 3,237 | 3,556 | 2,491 | 2,820 |
| Income taxes | 835 | 786 | 1,323 | 1,059 |
| Total current liabilities | 26,719 | 28,148 | 28,087 | 23,366 |
| Long-term debt (note 11) | 41,863 | 42,431 | 38,781 | 44,237 |
| Deferred income taxes | 1,999 | 2,152 | 2,817 | 2,547 |
| Employment costs | 3,222 | 3,295 | 2,991 | 2,957 |
| Income taxes and other liabilities | - | - | - | 1,498 |
| Other liabilities | 2,242 | 2,492 | 1,329 | - |
| Total liabilities | 76,045 | 78,518 | 74,005 | 74,605 |
| Common stock, no par value (2,109,316,331 shares issued in 2025 and 2024) | 0 | 0 | 0 | 0 |
| Additional paid-in capital | 2,400 | 2,364 | 2,326 | 2,283 |
| Earnings reinvested in the business | 35,557 | 34,376 | 33,447 | 35,556 |
| Accumulated other comprehensive losses (note 12) | -13,320 | -13,153 | -11,117 | -11,892 |
| Total stockholders' equity before treasury stock | 24,637 | 23,587 | 24,656 | 25,947 |
| Less cost of repurchased stock (552,694,135 and 554,470,731 shares in 2025 and 2024, respectively) | 35,551 | 35,553 | 35,557 | 35,641 |
| Total pmi stockholders deficit | -10,914 | -11,966 | -10,901 | -9,694 |
| Noncontrolling interests | 1,930 | 1,954 | 1,975 | 1,981 |
| Total stockholders deficit | -8,984 | -10,012 | -8,926 | -7,713 |
| Total liabilities and stockholders (deficit) equity | 67,061 | 68,506 | 65,079 | 66,892 |
Philip Morris International Inc. (PM)
Philip Morris International Inc. (PM)