TableofContents (MarkOne) UNITEDSTATES SECURITIESANDEXCHANGECOMMISSION Washington,D.C.20549 FORM10-Q QUARTERLYREPORTPURSUANTTOSECTION13OR15(d)OFTHESECURITIES ☑EXCHANGEACTOF1934 ForthequarterlyperiodendedMarch31,2025OR TRANSITIONREPORTPURSUANTTOSECTION13OR15(d)OFTHESECURITIES ☐EXCHANGEACTOF1934 Forthetransitionperiodfromto CommissionFileNumber001-33708 PhilipMorrisInternationalInc. (Exactnameofregistrantasspecifiedinitscharter) Virginia13-3435103 (Stateorotherjurisdictionofincorporationororganization) (I.R.S.EmployerIdentificationNo.) 677WashingtonBlvd,Suite1100StamfordConnecticut06901 (Addressofprincipalexecutive offices)(ZipCode) Registrant’stelephonenumber,includingareaco de(203)905-2410 Formername,formeraddressandformerfiscalyear,ifchangedsincelastreport SecuritiesregisteredpursuanttoSection12(b)oftheAct: Nameofeachexchangeonwhich Titleofeachclass TradingSymbol(s) registered CommonStock,noparvalue PM NewYorkStockExchange 3.375%Notesdue2025 PM25A NewYorkStockExchange 2.750%Notesdue2026 PM26A NewYorkStockExchange 2.875%Notesdue2026 PM26 NewYorkStockExchange 0.125%Notesdue2026 PM26B NewYorkStockExchange 3.125%Notesdue2027 PM27 NewYorkStockExchange 3.125%Notesdue2028 PM28 NewYorkStockExchange 2.875%Notesdue2029 PM29 NewYorkStockExchange 3.375%Notesdue2029 PM29A NewYorkStockExchange 3.750%Notesdue2031 PM31B NewYorkStockExchange 0.800%Notesdue2031PM31NewYorkStockExchange 2.000%Notesdue2036PM36NewYorkStockExchange 3.125%Notesdue2033PM33NewYorkStockExchange 1.875%Notesdue2037PM37ANewYorkStockExchange 6.375%Notesdue2038PM38NewYorkStockExchange 1.450%Notesdue2039PM39NewYorkStockExchange Nameofeachexchangeonwhich TitleofeachclassTradingSymbol(s)registered 4.375%Notesdue2041 3.875%Notesdue2042PM42ANewYorkStockExchange 4.500%Notesdue2042 PM41PM42 NewYorkStockExchangeNewYorkStockExchange 4.875%Notesdue2043PM43ANewYorkStockExchange 4.125%Notesdue2043PM43NewYorkStockExchange 4.250%Notesdue2044PM44NewYorkStockExchange Indicatebycheckmarkwhethertheregistrant(1)hasfiledallreportsrequiredtobefiledbySection13or15(d)oftheSecuritiesExchangeActof1934duringthepreceding12months(orforsuchshorterperiodthattheregistrantwasrequiredtofilesuchreports),and(2)hasbeensubjecttosuchfilingrequirementsforthepast90days.YesNo IndicatebycheckmarkwhethertheregistranthassubmittedelectronicallyeveryInteractiveDataFilerequiredtobesubmittedpursuanttoRule405ofRegulationS-T(§232.405ofthischapter)duringthepreceding12months(orforsuchshorterperiodthattheregistrantwasrequiredtosubmitsuchfiles).YesNo Indicatebycheckmarkwhethertheregistrantisalargeacceleratedfiler,anacceleratedfiler,anon-acceleratedfiler,asmallerreportingcompany,oranemerginggrowthcompany.Seethedefinitionsof"largeacceleratedfiler,""acceleratedfiler,""smallerreportingcompany,"and"emerginggrowthcompany"inRule12b-2oftheExchangeAct. LargeacceleratedfilerAcceleratedfiler☐ Non-acceleratedfiler☐Smallerreportingcompany☐ Emerginggrowthcompany☐ Ifanemerginggrowthcompany,indicatebycheckmarkiftheregistranthaselectednottousetheextendedtransitionperiodforcomplyingwithanyneworrevisedfinancialaccountingstandardsprovidedpursuanttoSection13(a)oftheExchangeAct. Indicatebycheckmarkwhethertheregistrantisashellcompany(asdefinedinRule12b-2oftheExchangeAct).Yes☐No AtApril17,2025,therewere1,556,517,182sharesoutstandingoftheregistrant’scommonstock,noparvaluepershare. 1 TableofContents PHILIPMORRISINTERNATIONALINC.TABLEOFCONTENTS PageNo. PARTI-FINANCIALINFORMATION Item1.FinancialStatements(Unaudited) CondensedConsolidatedStatementsofEarningsforthe ThreeMonthsEndedMarch31,2025and20243 CondensedConsolidatedStatementsofComprehensiveEarningsforthe ThreeMonthsEndedMarch31,2025and20244 CondensedConsolidatedBalanceSheetsat March31,2025andDecember31,20245–6 CondensedConsolidatedStatementsofCashFlowsforthe ThreeMonthsEndedMarch31,2025and20247–8 CondensedConsolidatedStatementsofStockholders’(Deficit)Equityforthe ThreeMonthsEndedMarch31,2025and2024NotestoCondensedConsolidatedFinancialStatementsManagement’sDiscussionandAnalysisofFinancialConditionandResultsof 9 10–44 Item2. Operations 45–91 Item4. ControlsandProcedures 92 PARTII- OTHERINFORMATION Item1. LegalProceedings 92 Item1A. RiskFactors 92 Item2. UnregisteredSalesofEquitySecuritiesandUseofProceeds 93 Item5. OtherInformation 93 Item6. Exhibits 94 Signature 95 Inthisreport,“PMI,”“we,”“us”and“our”refertoPhilipMorrisInternationalInc.anditssubsidiaries. Trademarksandservicemarksinthisreportaretheregisteredpropertyof,orlicensedby,thesubsidiariesofPhilipMorrisInternationalInc.andareitalicized. 2 TableofContents PARTI–FINANCIALINFORMATION Item1.FinancialStatements. PhilipMorrisInternationalInc.andSubsidiariesCondensedConsolidatedStatementsofEarnings(inmillionsofdollars,exceptpersharedata)(Unaudited) FortheThreeMonthsEndedMarch31, 2025 2024 Netrevenues1&2(Note13) $9,301 $8,793 Costofsales 3,040 3,195 Grossprofit 6,261 5,598 Marketing,administrationandresearchcosts(Note16) 2,717 2,553 Operatingincome 3,544 3,045 Interestexpense,net 241 299 Pensionandotheremploy