Philip Morris International Inc. 2024 Financial Report: Key Debt Securities Insights

Here are the key insights extracted from the provided financial report section related to Philip Morris International Inc. as of December 31, 2024:

Company Overview

• Entity Name: Philip Morris International Inc.
• CIK Code: 0001413329
• Location: 677 Washington Blvd, Ste. 1100, Stamford, CT 06901
• Phone: 203-905-2410
• Stock Exchange: NYSE
• Stock Ticker: PM (Common Stock)

Reporting Period

• Period End Date: December 31, 2024

Securities Information

The report details a series of bonds (notes) issued by Philip Morris International, including their corresponding interest rates and maturity dates. Below is a summary of the major notes:

1. Notes Due 2025:

• 2.750% Notes (PM25)
• 3.375% Notes (PM25A)

2. Notes Due 2026:

• 2.750% Notes (PM26A)
• 2.875% Notes (PM26)
• 0.125% Notes (PM26B)

3. Notes Due 2027:

• 3.125% Notes (PM27)

4. Notes Due 2028:

• 3.125% Notes (PM28)

5. Notes Due 2029:

• 2.875% Notes (PM29)
• 3.375% Notes (PM29A)

6. Notes Due 2031:

• 3.750% Notes (PM31B)
• 0.800% Notes (PM31)

7. Notes Due 2033:

• 3.125% Notes (PM33)

8. Notes Due 2036:

• 2.000% Notes (PM36)

9. Notes Due 2037:

• 1.875% Notes (PM37A)

10. Notes Due 2038:

• • 6.375% Notes (PM38)

11. Notes Due 2039:

• • 1.450% Notes (PM39)

12. Notes Due 2041:

• • 4.375% Notes (PM41)

13. Notes Due 2042:

• • 4.500% Notes (PM42)
  • 3.875% Notes (PM42A)

14. Notes Due 2043:

• • 4.125% Notes (PM43)
  • 4.875% Notes (PM43A)

15. Notes Due 2044:

• • 4.250% Notes (PM44)

Summary

The report highlights a diverse range of debt securities with varying maturities and interest rates. This indicates Philip Morris International's strategy to manage its capital structure and finance its operations through a series of long-term notes, reflecting its borrowing costs and potential cash flow implications in the future.

Insights

• The presence of multiple notes with differing maturities and interest rates suggests that the company is employing a staggered debt maturity strategy, which may help in managing refinancing risk.
• The issuance of higher-rate notes (e.g., 6.375% due 2038) could indicate specific funding needs or strategies during that period.
• The sustained issuance of notes may reflect ongoing operational financing needs or investment in growth initiatives.

This information is crucial for stakeholders assessing Philip Morris International's financial health and investment risks.