Philip Morris International Q2 2024 10-Q Filed

Ticker: PM · Form: 10-Q · Filed: 2024-07-25T00:00:00.000Z

Sentiment: neutral

Topics: 10-Q, debt, financials

TL;DR

PM files Q2 10-Q. Debt maturities in 2024-2028 detailed.

AI Summary

Philip Morris International Inc. filed its 10-Q for the period ending June 30, 2024. The filing details financial performance and operational updates for the second quarter. Key financial instruments and debt obligations are listed, including various notes due in 2024, 2025, 2026, 2027, and 2028.

Why It Matters

This filing provides investors with a detailed look at Philip Morris International's financial health and debt structure as of the end of Q2 2024, crucial for understanding the company's stability and future obligations.

Risk Assessment

Risk Level: medium — The filing details various debt instruments, indicating potential financial leverage and repayment obligations that could pose risks.

Key Numbers

2024 — Debt Maturity Year (Notes due in 2024 are listed, indicating near-term obligations.)
2025 — Debt Maturity Year (Notes due in 2025 are listed, indicating medium-term obligations.)
2026 — Debt Maturity Year (Notes due in 2026 are listed, indicating medium-term obligations.)
2027 — Debt Maturity Year (Notes due in 2027 are listed, indicating longer-term obligations.)
2028 — Debt Maturity Year (Notes due in 2028 are listed, indicating longer-term obligations.)

Key Players & Entities

Philip Morris International Inc. (company) — Filer of the 10-Q
2024-06-30 (date) — End of the reporting period
0001413329 (company) — Central Index Key for Philip Morris International Inc.
VA (location) — State of incorporation
203-905-2410 (phone_number) — Business phone number

FAQ

What is the total value of Philip Morris International's outstanding debt maturing in 2024?

The filing lists specific notes maturing in 2024, such as 'A0.625Notesdue2024Member' and 'A3.250Notesdue2024Member', but the total aggregate value is not explicitly stated in this excerpt.

What is the company's state of incorporation?

Philip Morris International Inc. is incorporated in Virginia (VA).

What is the fiscal year end for Philip Morris International?

The fiscal year end for Philip Morris International is December 31 (1231).

What is the SIC code for Philip Morris International?

The Standard Industrial Classification (SIC) code for Philip Morris International is 2111, which corresponds to Cigarettes.

What is the business address of Philip Morris International?

The business address is 677 Washington Blvd, Ste. 1100, Stamford, CT 06901.

From the Filing

0001413329-24-000145.txt : 20240725 0001413329-24-000145.hdr.sgml : 20240725 20240725073539 ACCESSION NUMBER: 0001413329-24-000145 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 126 CONFORMED PERIOD OF REPORT: 20240630 FILED AS OF DATE: 20240725 DATE AS OF CHANGE: 20240725 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Philip Morris International Inc. CENTRAL INDEX KEY: 0001413329 STANDARD INDUSTRIAL CLASSIFICATION: CIGARETTES [2111] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 133435103 STATE OF INCORPORATION: VA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-33708 FILM NUMBER: 241139820 BUSINESS ADDRESS: STREET 1: 677 WASHINGTON BLVD, STE. 1100 CITY: STAMFORD STATE: CT ZIP: 06901 BUSINESS PHONE: 203-905-2410 MAIL ADDRESS: STREET 1: 677 WASHINGTON BLVD, STE. 1100 CITY: STAMFORD STATE: CT ZIP: 06901 10-Q 1 pm-20240630.htm 10-Q pm-20240630 0001413329 12/31 2024 Q2 FALSE http://fasb.org/us-gaap/2024#InterestIncomeExpenseNonoperatingNet http://fasb.org/us-gaap/2024#InterestIncomeExpenseNonoperatingNet xbrli:shares iso4217:USD iso4217:USD xbrli:shares pm:segment xbrli:pure pm:year pm:metric pm:manufacturer iso4217:CAD pm:plaintiff pm:cigarette pm:case pm:patient pm:defendant iso4217:THB iso4217:EUR iso4217:IDR pm:arrangement 0001413329 2024-01-01 2024-06-30 0001413329 us-gaap:CommonStockMember 2024-01-01 2024-06-30 0001413329 pm:A0.625Notesdue2024Member 2024-01-01 2024-06-30 0001413329 pm:A3.250Notesdue2024Member 2024-01-01 2024-06-30 0001413329 pm:A2.750Notesdue2025Member 2024-01-01 2024-06-30 0001413329 pm:A3.375Notesdue2025Member 2024-01-01 2024-06-30 0001413329 pm:A2.750Notesdue2026Member 2024-01-01 2024-06-30 0001413329 pm:A2.875Notesdue2026Member 2024-01-01 2024-06-30 0001413329 pm:A0.125Notesdue2026Member 2024-01-01 2024-06-30 0001413329 pm:A3.125Notesdue2027Member 2024-01-01 2024-06-30 0001413329 pm:A3.125Notesdue2028Member 2024-01-01 2024-06-30 0001413329 pm:A2.875Notesdue2029Member 2024-01-01 2024-06-30 0001413329 pm:A3.375Notesdue2029Member 2024-01-01 2024-06-30 0001413329 pm:A3.750NotesDue2031Member 2024-01-01 2024-06-30 0001413329 pm:A0.800Notesdue2031Member 2024-01-01 2024-06-30 0001413329 pm:A3.125Notesdue2033Member 2024-01-01 2024-06-30 0001413329 pm:A2.000Notesdue2036Member 2024-01-01 2024-06-30 0001413329 pm:A1.875Notesdue2037Member 2024-01-01 2024-06-30 0001413329 pm:A6.375Notesdue2038Member 2024-01-01 2024-06-30 0001413329 pm:A1.450Notesdue2039Member 2024-01-01 2024-06-30 0001413329 pm:A4.375Notesdue2041Member 2024-01-01 2024-06-30 0001413329 pm:A4.500Notesdue2042Member 2024-01-01 2024-06-30 0001413329 pm:A3.875Notesdue2042Member 2024-01-01 2024-06-30 0001413329 pm:A4.125Notesdue2043Member 2024-01-01 2024-06-30 0001413329 pm:A4.875Notesdue2043Member 2024-01-01 2024-06-30 0001413329 pm:A4.250Notesdue2044Member 2024-01-01 2024-06-30 0001413329 2024-07-19 0001413329 2023-01-01 2023-06-30 0001413329 us-gaap:RelatedPartyMember 2024-01-01 2024-06-30 0001413329 us-gaap:RelatedPartyMember 2023-01-01 2023-06-30 0001413329 country:KR pm:EAAUPMIDFSegmentMember 2023-01-01 2023-06-30 0001413329 2024-04-01 2024-06-30 0001413329 2023-04-01 2023-06-30 0001413329 us-gaap:RelatedPartyMember 2024-04-01 2024-06-30 0001413329 us-gaap:RelatedPartyMember 2023-04-01 2023-06-30 0001413329 country:KR pm:EAAUPMIDFSegmentMember 2023-04-01 2023-06-30 0001413329 2024-06-30 0001413329 2023-12-31 0001413329 us-gaap:RelatedPartyMember 2024-06-30 0001413329 us-gaap:RelatedPartyMember 2023-12-31 0001413329 2022-12-31 0001413329 2023-06-30 0001413329 us-gaap:CommonStockMember 2022-12-31 0001413329 us-gaap:AdditionalPaidInCapitalMember 2022-12-31 0001413329 us-gaap:RetainedEarningsMember 2022-12-31 0001413329 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2022-12-31 0001413329 us-gaap:TreasuryStockCommonMember 2022-12-31 0001413329 us-gaap:NoncontrollingInterestMember 2022-12-31 0001413329 us-gaap:RetainedEarningsMember 2023-01-01 2023-06-30 0001413329 us-gaap:NoncontrollingInterestMember 20