v3.26.1
Goodwill and Other Intangible Assets, net: (Tables)
 6 Months Ended
Jun. 30, 2026
Intangible Asset, Goodwill and Other [Abstract]  
Schedule of Movements in Goodwill
The movements in goodwill were as follows:
(in millions)International Smoke-Free
International Combustibles
U.S. (a)
Total
Balances, December 31, 2025$3,913 $4,862 $8,489 $17,264 
Changes due to:
Currency(186)(152)(9)(347)
Balances, June 30, 2026$3,727 $4,710 $8,480 $16,917 
(a) U.S. goodwill balance is net of accumulated impairment losses of $556 million at June 30, 2026, and December 31, 2025. These accumulated losses, which relate to PMI's wellness unit Aspeya, exclude amounts related to businesses which were subsequently sold or reclassified as held-for-sale.
Schedule of Amortizable Intangible Assets
Details of other intangible assets were as follows:
June 30, 2026December 31, 2025
(in millions)Weighted-Average Remaining Useful LifeGross Carrying AmountAccumulated AmortizationNetGross Carrying AmountAccumulated AmortizationNet
Non-amortizable intangible assets$4,661 $4,661 $4,776 $4,776 
Amortizable intangible assets:
Trademarks14 years2,175 $1,027 1,148 2,227 $984 1,243 
Reacquired commercialization rights for IQOS in the U.S.
3 years2,777 1,203 1,574 2,777 926 1,851 
Developed technology, including patents6 years349 172 177 358 160 198 
Customer relationships and other9 years3,809 1,191 2,618 3,873 1,057 2,816 
Total other intangible assets$13,771 $3,593 $10,178 $14,011 $3,127 $10,884 

Changes in the net carrying amount of intangible assets were as follows:
Changes Due To:
December 31, 2025Amortization & ImpairmentAcquisitions & DivestituresCurrency & OtherJune 30, 2026
Non-amortizable intangible assets$4,776 $— $— $(115)$4,661 
Amortizable intangible assets:6,108 (503)— (88)5,517 
Gross book value9,235 — (125)9,110 
Accumulated amortization(3,127)(503)— 37 (3,593)
Total Intangibles, net$10,884 $(503)$— $(203)$10,178 
Schedule of Non-Amortizable Intangible Assets
Details of other intangible assets were as follows:
June 30, 2026December 31, 2025
(in millions)Weighted-Average Remaining Useful LifeGross Carrying AmountAccumulated AmortizationNetGross Carrying AmountAccumulated AmortizationNet
Non-amortizable intangible assets$4,661 $4,661 $4,776 $4,776 
Amortizable intangible assets:
Trademarks14 years2,175 $1,027 1,148 2,227 $984 1,243 
Reacquired commercialization rights for IQOS in the U.S.
3 years2,777 1,203 1,574 2,777 926 1,851 
Developed technology, including patents6 years349 172 177 358 160 198 
Customer relationships and other9 years3,809 1,191 2,618 3,873 1,057 2,816 
Total other intangible assets$13,771 $3,593 $10,178 $14,011 $3,127 $10,884 

Changes in the net carrying amount of intangible assets were as follows:
Changes Due To:
December 31, 2025Amortization & ImpairmentAcquisitions & DivestituresCurrency & OtherJune 30, 2026
Non-amortizable intangible assets$4,776 $— $— $(115)$4,661 
Amortizable intangible assets:6,108 (503)— (88)5,517 
Gross book value9,235 — (125)9,110 
Accumulated amortization(3,127)(503)— 37 (3,593)
Total Intangibles, net$10,884 $(503)$— $(203)$10,178