PM · 10-Q · 2026Q3 · Full report
Capital Expenditure Program
Philip Morris International Inc. · 2026-10-23 · Importance 60 · Surprise 24 · In source text
Capital expenditures in 2026 were primarily related to ongoing investments in smoke-free product manufacturing capacity. PMI expected total 2026 capital expenditures of $1.4 billion to $1.6 billion, predominantly supporting the smoke-free business. Net cash used in investing activities was $0.484 billion in the first nine months of 2026, compared with $3.539 billion in the same period of 2025; the favorable variance primarily reflected changes in derivative cash collateral and debt-security investments.
Key facts
- PMI expects 2026 capital expenditures of $1.4 billion to $1.6 billion, predominantly supporting its smoke-free business. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | negative | committed | -1.9% | PMI expects 2026 capital expenditures of $1.4 billion to $1.6 billion, predominantly supporting its smoke-free business. |