PM · 10-Q · 2026Q2 · Full report
RBH Court Plan Impairment
Philip Morris International Inc. · 2026-07-24 · Importance 52 · Surprise 42 · Matches filing data
In May 2026, Rothmans, Benson & Hedges Inc. (RBH) submitted an annual business plan under its court-approved plan of compromise and arrangement. The plan included updated five-year financial projections reflecting current industry dynamics. PMI concluded that the fair value of its RBH equity investment was below carrying value and recorded a non-cash impairment charge of $511 million in the second quarter of 2026.
Key facts
- In May 2026, PMI recorded a non-cash impairment charge of $511 million related to its RBH equity investment. source
- Philip Morris International Inc. recorded a goodwill impairment charge of $41 million in the second quarter of 2025 related to the consumer accessories products acquired as part of the Swedish Match acquisition. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| net_income | negative | realized | -4.6% | In May 2026, PMI recorded a non-cash impairment charge of $511 million related to its RBH equity investment. |
| assets | negative | realized | -0.8% | In May 2026, PMI recorded a non-cash impairment charge of $511 million related to its RBH equity investment. |