Free · no account · quoted from the filing

What changed in PM's 10-Q

Source: 10-Q filed 2026-07-24 · compared against 10-Q 2026-04-24. Every passage below is quoted verbatim from the filing itself.

Impairments

This filing

Impairment related to the RBH equity investment (Note 13) 511

Revenue

This filing

Net revenues of $21.3 billion for the six months ended June 30, 2026, increased by $1.9 billion, or 9.8%

Earnings

This filing

Net earnings attributable to PMI $ 5,255 $ 5,729

Smoke-free markets

This filing

As of June 30, 2026, our smoke-free products were available for sale in 109 markets

Regulatory

This filing

On May 8, 2026, the FDA issued final guidance stating that it does not intend to prioritize enforcement against certain unauthorized ENDS and nicotine pouch products

Russian operations

This filing

As of June 30, 2026, our Russian operations had approximately $5.6 billion in total assets, excluding intercompany balances, of which approximately $2.8 billion consisted of cash and cash equivalents

Goodwill

This filing

Impairment of goodwill (Note 5) — 41

What it means — the analyst reading

The passages above are the company's own words. The plain-English reading of them — what changed, why it matters, and the direction of travel — is part of the Filing Change Monitor.

See the Filing Change Monitor →

Compared from narrative excerpts (outlook, risks, MD&A) of both filings — quotes are verbatim from the new filing. Not advice. Source: company SEC filings via stockportfolio.pro. Educational, not investment advice.