v3.26.1
Segment Reporting: (Tables)
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Segment Data
Net revenues, cost of sales and gross profit by segment were as follows:

(in millions) International Smoke-FreeInternational CombustiblesU.S.Total
For the Six Months Ended June 30, 2026
Net revenues$7,713 $12,147 $1,478 $21,338 
Cost of sales(2,313)(3,917)(544)(6,774)
Gross profit$5,400 $8,229 $935 $14,564 
For the Six Months Ended June 30, 2025
Net revenues$6,471 $11,209 $1,762 $19,441 
Cost of sales(2,066)(3,774)(466)(6,305)
Gross profit$4,405 $7,435 $1,296 $13,136 

(in millions) International Smoke-FreeInternational CombustiblesU.S.Total
For the Three Months Ended June 30, 2026
Net revenues$3,877 $6,459 $856 $11,192 
Cost of sales(1,161)(2,071)(301)(3,533)
Gross profit$2,716 $4,388 $555 $7,659 
For the Three Months Ended June 30, 2025
Net revenues$3,395 $5,883 $862 $10,140 
Cost of sales(1,076)(1,947)(252)(3,274)
Gross profit$2,319 $3,936 $611 $6,866 
Note: Amounts may not foot due to rounding
PMI's net revenues by product category were as follows:

(in millions)For the Six Months Ended June 30,For the Three Months Ended June 30,
2026202520262025
Smoke-free:
International Smoke-Free$7,713 $6,471 $3,877 $3,395 
U.S.
1,311 1,584 768 766 
of which, Wellness118 109 56 57 
Total Smoke-free9,024 8,055 4,645 4,161 
Combustible tobacco:
International Combustibles12,147 11,209 6,459 5,883 
U.S.
167 178 88 96 
Total Combustible tobacco 12,314 11,386 6,547 5,979 
Total PMI net revenues$21,338 $19,441 $11,192 $10,140 
Note: Amounts may not foot due to rounding
Other Segment Data
Other segment data were as follows:
(in millions)
For the Six Months Ended June 30,For the Three Months Ended June 30,
2026202520262025
Depreciation and amortization expense:
International Smoke-Free$180 $160 $90 $82 
International Combustibles136 143 69 72 
U.S.54 45 27 22 
Total depreciation and amortization expense by segment370 348 186 176 
Other(1)
653 622 327 314 
Total depreciation and amortization expense
$1,023 $970 $513 $490 
(1) Included in marketing, administration and research costs, and corporate expenses and other in PMI's condensed consolidated statements of earnings