PM · 10-Q · 2026Q3 · Full report
RBH Equity Impairment
Philip Morris International Inc. · 2026-10-23 · Importance 28 · Surprise 42 · Matches filing data
In the second quarter of 2026, PMI recorded a non-cash $511 million impairment charge on its investment in RBH, reducing diluted EPS by $0.33. RBH’s May 2026 annual business plan provided updated five-year financial projections reflecting current industry dynamics. PMI concluded that the investment’s estimated fair value was below its carrying value. The charge was recorded in the condensed consolidated statement of earnings for the nine months ended September 30, 2026.
Key facts
- For the nine months ended September 30, 2026, Philip Morris International Inc. recorded a $511 million non-cash impairment charge on its RBH equity investment, reducing diluted EPS by $0.33. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| net_income | negative | realized | -4.5% | For the nine months ended September 30, 2026, Philip Morris International Inc. recorded a $511 million non-cash impairment charge on its… |
| assets | negative | realized | -0.8% | For the nine months ended September 30, 2026, Philip Morris International Inc. recorded a $511 million non-cash impairment charge on its… |