PM · 10-Q · 2026Q2 · Full report

Restructuring Charges

Philip Morris International Inc. · 2026-07-24 · Importance 53 · Surprise 82

PMI recorded $30 million of pre-tax restructuring charges during the six months ended June 30, 2026, compared with $243 million in the 2025 period. The 2026 charges represented $24 million after tax and reduced diluted EPS by $0.01 per share. The 2026 charges related to footprint optimization initiatives in the United States. The prior-year charges related to ending combustible tobacco production at two factories in Germany, making the year-over-year reduction in restructuring expense $213 million.

Key facts

• Philip Morris International Inc. recorded pre-tax restructuring charges of $30 million during the six months ended June 30, 2026 related to footprint optimization initiatives in the U.S. source
• Philip Morris International Inc. recorded pre-tax restructuring charges of $243 million during the six months ended June 30, 2025 related to ending combustible tobacco production in two factories in Germany. source