Philip Morris Discloses Debt Instruments Maturing 2024-2033

TL;DR

**PM just filed an 8-K detailing its outstanding notes with interest rates up to 3.375% and maturities from 2024 to 2033, giving a clear look at its debt structure.**

AI Summary

Philip Morris International Inc. filed an 8-K on February 27, 2024, detailing various outstanding debt instruments as part of a Regulation FD Disclosure and Financial Statements and Exhibits. The filing lists notes with diverse interest rates, including 2.875%, 0.625%, and 3.250%, and maturity dates ranging from 2024 to 2033. This disclosure provides a transparent overview of the company's current debt structure and future repayment obligations.

Why It Matters

This filing provides investors with transparency into Philip Morris International Inc.'s financial obligations, outlining the specific interest rates and maturity schedules of its various debt instruments, which impacts future cash flow and financial health.

Risk Assessment

Risk Level: low — This 8-K is a routine disclosure of existing debt instruments and does not indicate new financial risks or events for Philip Morris International Inc.

Key Numbers

• 2.875% — Interest Rate (on notes due 2024, 2026, 2029)
• 0.625% — Interest Rate (on notes due 2024)
• 3.250% — Interest Rate (on notes due 2024)
• 2024 — Maturity Year (earliest listed debt maturity)
• 2033 — Maturity Year (latest listed debt maturity)

Key Players & Entities

• Philip Morris International Inc. (company) — filer of the 8-K
• February 27, 2024 (date) — filing date of the 8-K
• 2024 (date) — earliest maturity year for listed notes
• 2033 (date) — latest maturity year for listed notes

FAQ

Filing Documents

• pm-20240227.htm (8-K) — 79KB
• ex991recastschedules_2023v.htm (EX-99.1) — 1560KB
• ex992recastschedules_2022v.htm (EX-99.2) — 705KB
• 0001413329-24-000071.txt ( ) — 2757KB
• pm-20240227.xsd (EX-101.SCH) — 8KB
• pm-20240227_def.xml (EX-101.DEF) — 26KB
• pm-20240227_lab.xml (EX-101.LAB) — 61KB
• pm-20240227_pre.xml (EX-101.PRE) — 28KB
• pm-20240227_htm.xml (XML) — 21KB

01

Item 7.01. Regulation FD Disclosure. As previously reported in the Annual Report on Form 10-K for the fiscal year ended December 31, 2023 (the "2023 Form 10-K"), filed with the U.S. Securities and Exchange Commission on February 8, 2024 by Philip Morris International Inc. (the "Company" or "PMI"), following the combination and the progress in 2023 toward the integration of the Swedish Match business into the existing PMI regional structure, the Company is updating its segment reporting by including its Swedish Match segment results into the four existing geographical segments, and that as of the first quarter of 2024, PMI will begin to report on this basis. The four existing geographical segments are as follows: The Europe Region; The South & Southeast Asia, Commonwealth of Independent States and Middle East & Africa Region ("SSEA, CIS & MEA"); The East Asia, Australia & PMI Duty Free Region ("EA, AU & PMI DF"); and The Americas Region. The Wellness and Healthcare segment will remain unaffected. On February 27, 2024, the Company posted on its website certain recast historical shipment volume and financial information that reflects the change in reporting segments described above. The unaudited recast historical information is being furnished solely to aid investors by providing supplemental information, has no impact on the Company's previously reported consolidated financial position or results of operations, and does not represent a restatement of the Company's previously issued consolidated financial statements that were included in the 2023 Form 10-K. The Company's 2023 and 2022 quarterly and annual recast shipment volume and financial information, previously presented in earnings releases for the same periods, as well as other financial information, is furnished herewith as Exhibit 99.1 and is incorporated in this Item 7.01 by reference. The Company's 2022 and 2021 recast shipment volume and financial information, previously presented in earnin

Financial Statements and Exhibits

Financial Statements and Exhibits. (d) Exhibits. 99.1 Recast Shipment Volume and Unaudited Financial Information - 2023 vs. 2022 (furnished pursuant to Item 7.01) . 99.2 Recast Shipment Volume and Unaudited Financial Information - 2022 vs. 2021 (furnished pursuant to Item 7.01) . 104 Cover Page Interactive Data File (the cover page XBRL tags are embedded within the Inline XBRL document and contained in Exhibit 101).

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. PHILIP MORRIS INTERNATIONAL INC. By: /s/ EMMANUEL BABEAU Name: Emmanuel Babeau Title: Chief Financial Officer Date: February 27, 2024

View Full Filing

View this 8-K filing on SEC EDGAR