| Cash Flow | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-09-30 |
|---|---|---|---|---|
| Net earnings | 9,598 | 5,985 | 2,837 | 7,989 |
| Depreciation and amortization expense | 1,475 | 970 | 480 | 1,310 |
| Impairment of goodwill and other intangibles (note 5) | 41 | 41 | - | 27 |
| Impairment related to vectura group's expected sale (note 18) | - | - | - | 198 |
| Impairment of other intangibles (note 5) | - | - | 0 | - |
| Loss on sale of vectura group (notes 2 & 8) | 0 | - | - | - |
| Deferred income tax (benefit) provision | -433 | -274 | -67 | 20 |
| Restructuring charges, net of cash paid (note 16) | 216 | 239 | -1 | 134 |
| Receivables, net | 709 | 780 | 882 | 987 |
| Inventories | 48 | 419 | 325 | -1,265 |
| Accounts payable | -28 | -161 | -127 | -261 |
| Accrued liabilities and other current assets | 2,479 | 1,972 | 2,437 | 643 |
| Income taxes | -564 | -611 | -20 | -241 |
| Pension plan contributions (note 4) | -91 | -62 | -37 | -81 |
| Other | -546 | -106 | -229 | 515 |
| Net cash provided by (used in) operating activities | 7,524 | 3,062 | -350 | 8,215 |
| Capital expenditures | 1,125 | 760 | 404 | 1,166 |
| Proceeds from sale of business, net of cash disposed (note 2) | 32 | 32 | - | - |
| Acquisitions, net of acquired cash (note 2) | 0 | 0 | - | 44 |
| Altria group, inc. agreement (note 18) | - | - | - | 0 |
| Equity investments | 48 | 35 | 10 | 124 |
| Collateral posted/settlements for derivatives, (paid)/returned (note 6) | -2,318 | -1,953 | 6 | -159 |
| Other | 80 | 34 | 26 | 128 |
| Net cash provided by (used in) investing activities | -3,539 | -2,750 | -434 | -1,533 |
| Net issuances (repayments) - maturities of 90 days or less | 1,733 | 2,294 | 4,231 | -1,452 |
| Issuances - maturities longer than 90 days | 170 | 170 | 70 | 100 |
| Repayments - maturities longer than 90 days | 170 | 70 | 0 | 433 |
| Repayments under credit facilities related to swedish match ab acquisition | - | - | - | 0 |
| Long-term debt proceeds | 3,596 | 3,596 | 0 | 5,194 |
| Long-term debt repaid | 2,316 | 1,566 | 822 | 2,381 |
| Dividends paid | 6,329 | 4,222 | 2,116 | 6,091 |
| Collateral received/settlements for derivatives, received/(returned) | -815 | -824 | -606 | 22 |
| Payments to acquire swedish match ab noncontrolling interests | - | - | - | 0 |
| Noncontrolling interests activity and other | -420 | -268 | -86 | -337 |
| Net cash provided by (used in) financing activities | -4,551 | -890 | 671 | -5,378 |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | 373 | 500 | 335 | -149 |
| Increase (decrease) | -193 | -78 | 222 | 1,155 |
| Cash and cash equivalents at beginning of period | 4,254 | 4,254 | 4,254 | 3,146 |
| Cash and cash equivalents at end of period | 4,061 | 4,176 | 4,476 | 4,301 |
Philip Morris International Inc. (PM)
Philip Morris International Inc. (PM)