Philip Morris International Reports 2024 Year-End Debt Details

Ticker: PM · Form: 8-K · Filed: 2025-01-02T00:00:00.000Z

Sentiment: neutral

Topics: debt, financials

TL;DR

PM reports its debt stack as of 12/31/24, showing various notes due between 2025-2039.

AI Summary

Philip Morris International Inc. filed an 8-K on January 2, 2025, reporting its financial results for the fiscal year ended December 31, 2024. The filing details various debt instruments, including notes due in 2025, 2026, 2027, 2028, 2029, 2031, 2033, 2036, 2037, 2038, and 2039, with coupon rates ranging from 0.125% to 6.375%.

Why It Matters

This filing provides investors with a detailed overview of Philip Morris International's outstanding debt obligations as of the end of 2024, crucial for assessing the company's financial leverage and risk profile.

Risk Assessment

Risk Level: low — The filing is a routine financial disclosure of existing debt and does not indicate new or unusual risks.

Key Players & Entities

FAQ

What is the total principal amount of Philip Morris International's outstanding debt as of December 31, 2024?

The filing does not specify the total principal amount of outstanding debt, but lists various notes with their respective maturity dates and coupon rates.

Which debt instruments mature in 2025?

Philip Morris International has notes due in 2025 with coupon rates of 2.750% and 3.375%.

What is the highest coupon rate on the debt listed in the filing?

The highest coupon rate listed is 6.375% for notes due in 2038.

What is the earliest maturity date for the debt instruments mentioned?

The earliest maturity date for the debt instruments mentioned is 2025.

What is the company's fiscal year end date as reported in this filing?

The company's fiscal year end date is December 31, 2024.

From the Filing

0001413329-25-000002.txt : 20250102 0001413329-25-000002.hdr.sgml : 20250102 20250102070815 ACCESSION NUMBER: 0001413329-25-000002 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20241231 ITEM INFORMATION: Other Events FILED AS OF DATE: 20250102 DATE AS OF CHANGE: 20250102 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: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-33708 FILM NUMBER: 25500212 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 8-K 1 pm-20241231.htm 8-K pm-20241231 0001413329 false 0001413329 2024-12-31 2024-12-31 0001413329 us-gaap:CommonStockMember 2024-12-31 2024-12-31 0001413329 pm:A2.750Notesdue2025Member 2024-12-31 2024-12-31 0001413329 pm:A3.375Notesdue2025Member 2024-12-31 2024-12-31 0001413329 pm:A2.750Notesdue2026Member 2024-12-31 2024-12-31 0001413329 pm:A2.875Notesdue2026Member 2024-12-31 2024-12-31 0001413329 pm:A0.125Notesdue2026Member 2024-12-31 2024-12-31 0001413329 pm:A3.125Notesdue2027Member 2024-12-31 2024-12-31 0001413329 pm:A3.125Notesdue2028Member 2024-12-31 2024-12-31 0001413329 pm:A2.875Notesdue2029Member 2024-12-31 2024-12-31 0001413329 pm:A3.375Notesdue2029Member 2024-12-31 2024-12-31 0001413329 pm:A3.750NotesDue2031Member 2024-12-31 2024-12-31 0001413329 pm:A0.800Notesdue2031Member 2024-12-31 2024-12-31 0001413329 pm:A3.125Notesdue2033Member 2024-12-31 2024-12-31 0001413329 pm:A2.000Notesdue2036Member 2024-12-31 2024-12-31 0001413329 pm:A1.875Notesdue2037Member 2024-12-31 2024-12-31 0001413329 pm:A6.375Notesdue2038Member 2024-12-31 2024-12-31 0001413329 pm:A1.450Notesdue2039Member 2024-12-31 2024-12-31 0001413329 pm:A4.375Notesdue2041Member 2024-12-31 2024-12-31 0001413329 pm:A4.500Notesdue2042Member 2024-12-31 2024-12-31 0001413329 pm:A3.875Notesdue2042Member 2024-12-31 2024-12-31 0001413329 pm:A4.125Notesdue2043Member 2024-12-31 2024-12-31 0001413329 pm:A4.875Notesdue2043Member 2024-12-31 2024-12-31 0001413329 pm:A4.250Notesdue2044Member 2024-12-31 2024-12-31 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): December 31, 2024 Philip Morris International Inc. (Exact name of registrant as specified in its charter) Virginia 1-33708 13-3435103 (State or other jurisdiction of incorporation) (Commission File Number) (I.R.S. Employer Identification No.) 677 Washington Blvd, Ste. 1100 Stamford Connecticut 06901 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: ( 203 )  905-2410 (Former name or former address, if changed since last report.) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, no par value PM New York Stock Exchange 2.750% Notes due 2025 PM25 New York Stock Exchange 3.375% Notes due 2025 PM25A New York Stock Exchange 2.750% Notes due 2026 PM26

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