PM · 10-Q · 2026Q3 · Full report

Restructuring Charges

Philip Morris International Inc. · 2026-10-23 · Importance 53 · Surprise 82

For the nine months ended September 30, 2026, PMI recorded $34 million of pre-tax restructuring charges, or $27 million after tax and $0.02 per diluted share. The 2026 charges related to U.S. footprint optimization initiatives. In the comparable 2025 period, PMI recorded $243 million of pre-tax charges, or $200 million after tax and $0.13 per diluted share, for ending combustible tobacco production at two factories in Germany. The lower 2026 charges contributed to the increase in nine-month operating income compared with 2025.

Key facts

• For the nine months ended September 30, 2026, Philip Morris International Inc. recorded pre-tax restructuring charges of $34 million, or $27 million net of tax and $0.02 per diluted share, for U.S. footprint optimization initiatives. source