v3.26.3
Segment Reporting: (Tables)
 9 Months Ended
Sep. 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 Nine Months Ended September 30, 2026
Net revenues$11,580 $18,872 $2,324 $32,776 
Cost of sales(3,475)(6,033)(850)(10,358)
Gross profit$8,105 $12,839 $1,473 $22,418 
For the Nine Months Ended September 30, 2025
Net revenues$10,310 $17,525 $2,451 $30,286 
Cost of sales(3,222)(5,846)(721)(9,789)
Gross profit$7,088 $11,679 $1,729 $20,497 

(in millions) International Smoke-FreeInternational CombustiblesU.S.Total
For the Three Months Ended September 30, 2026
Net revenues$3,867 $6,725 $845 $11,438 
Cost of sales(1,162)(2,115)(306)(3,584)
Gross profit$2,705 $4,610 $539 $7,854 
For the Three Months Ended September 30, 2025
Net revenues$3,839 $6,316 $689 $10,845 
Cost of sales(1,157)(2,072)(255)(3,484)
Gross profit$2,683 $4,244 $434 $7,361 
Note: Amounts may not foot due to rounding
PMI's net revenues by product category were as follows:

(in millions)For the Nine Months Ended September 30,For the Three Months Ended September 30,
2026202520262025
Smoke-free:
International Smoke-Free$11,580 $10,310 $3,867 $3,839 
U.S.
2,069 2,189 758 605 
of which, Wellness193 166 74 57 
Total Smoke-free13,649 12,500 4,625 4,445 
Combustible tobacco:
International Combustibles18,872 17,525 6,725 6,316 
U.S.
254 261 87 84 
Total Combustible tobacco 19,126 17,786 6,812 6,400 
Total PMI net revenues$32,776 $30,286 $11,438 $10,845 
Note: Amounts may not foot due to rounding
Other Segment Data
Other segment data were as follows:
(in millions)
For the Nine Months Ended September 30,For the Three Months Ended September 30,
2026202520262025
Depreciation and amortization expense:
International Smoke-Free$273 $252 $93 $92 
International Combustibles203 216 67 73 
U.S.81 67 27 22 
Total depreciation and amortization expense by segment557 535 187 187 
Other(1)
977 940 324 318 
Total depreciation and amortization expense
$1,534 $1,475 $511 $505 
(1) Included in marketing, administration and research costs, and corporate expenses and other in PMI's condensed consolidated statements of earnings