v3.25.2
Condensed Consolidated Statements of Earnings - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Income Statement [Abstract]        
Net revenues $ 6,102 $ 6,209 $ 11,361 $ 11,785
Cost of sales 1,440 1,602 2,710 3,039
Excise taxes on products 812 932 1,552 1,791
Gross profit 3,850 3,675 7,099 6,955
Marketing, administration and research costs 619 788 1,207 1,394
Asset impairment and exit costs 1 354 1 354
Impairment of goodwill 0 0 873 0
Operating income 3,230 2,533 5,018 5,207
Interest and other debt expense, net 275 261 537 515
Net periodic benefit income, excluding service cost (15) (25) (29) (49)
(Income) losses from investments in equity securities (148) (119) (291) (414)
Gain on the sale of IQOS System commercialization rights 0 (2,700) 0 (2,700)
Earnings before income taxes 3,118 5,116 4,801 7,855
Provision for income taxes 740 1,313 1,346 1,923
Net earnings $ 2,378 $ 3,803 $ 3,455 $ 5,932
Per share data:        
Basic earnings per share (in usd per share) $ 1.41 $ 2.21 $ 2.04 $ 3.41
Diluted earnings per share (in usd per share) $ 1.41 $ 2.21 $ 2.04 $ 3.41