Philip Morris International Inc. (PM) bonds
PMNYSECigarettesFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Oct 23, 2026Score 13/3040% above fair value
$198.96+2.30 (+1.17%)
Close on Nov 13, 2026Market cap $310.11BP/E 29.0Yield 2.83%
Debt
Borrowings on the balance sheet, Sep 30, 2026
Total debt
$47.56B
$5.85B due within a year
Net debt
$40.88B
After $6.68B of cash
Implied interest rate
3.36%
FY2025 interest ÷ average debt
Interest coverage
9.4×
FY2025 operating income ÷ interest
Total debt by fiscal year
Long-term plus current debt, USD
When the debt comes due
Principal repayments of long-term debt by fiscal year, as scheduled at Dec 31, 2025
From the debt maturity table in the annual report (filing). “Later” is everything due after year five.
Notes and loans outstanding
As tagged in Philip Morris International's 10-Q for the period ended Sep 30, 2026
Coupon by maturity
Each circle is a note, sized by the amount issued. The line is what the US Treasury pays today for the same time to maturity.
| Issue | Coupon | Matures | Amount issued |
|---|---|---|---|
| 0.875% Euro Notes Due February 2027 | 0.88% | Feb 28, 2027 | €300.00M |
| 4.750% US Dollar Notes Due February 2027 | 4.75% | Feb 28, 2027 | $750.00M |
| 3.125% US Dollar Notes Due August 2027 | 3.13% | Aug 31, 2027 | $500.00M |
| 4.375% US Dollar Notes Due November 2027 | 4.37% | Nov 30, 2027 | $750.00M |
| 5.125% US Dollar Notes Due November 2027 | 5.12% | Nov 30, 2027 | $1.50B |
| 4.875% US Dollar Notes Due February 2028 Issued In February 2023 | 4.88% | Feb 29, 2028 | $1.00B |
| 4.875% US Dollar Notes Due February 2028 Issued In May 2023 | 4.88% | Feb 29, 2028 | $550.00M |
| 3.125% US Dollar Notes Due March 2028 | 3.13% | Mar 31, 2028 | $500.00M |
| 4.125% US Dollar Notes Due April 2028 | 4.13% | Apr 30, 2028 | $750.00M |
| Floating Rate US Dollar Notes Due April 2028 | Floating | Apr 30, 2028 | $400.00M |
| 4.000% US Dollar Notes Due May 2028 | 4.00% | May 31, 2028 | $50.00M |
| 5.250% US Dollar Notes Due September 2028 | 5.25% | Sep 30, 2028 | $650.00M |
| 3.875% US Dollar Notes Due October 2028 | 3.87% | Oct 31, 2028 | $750.00M |
| Floating Rate US Dollar Notes Due October 2028 | Floating | Oct 31, 2028 | $300.00M |
| 4.875% US Dollar Notes Due February 2029 | 4.88% | Feb 28, 2029 | $1.00B |
| 2.190% Swedish Krona Due April 2029 | 2.19% | Apr 30, 2029 | 300.00M SEK |
| US Dollar Notes Due April 2029 | 4.13% | Apr 30, 2029 | $750.00M |
| 2.875% Euro Notes Due May 2029 | 2.88% | May 31, 2029 | €500.00M |
| 2.750% Euro Notes Due June 2029 | 2.75% | Jun 30, 2029 | €500.00M |
| 3.375% US Dollar Notes Due August 2029 | 3.38% | Aug 31, 2029 | $750.00M |
| 4.625% US Dollar Notes Due November 2029 | 4.62% | Nov 30, 2029 | $750.00M |
| 5.625% US Dollar Notes Due November 2029 | 5.63% | Nov 30, 2029 | $1.25B |
| 5.125% US Dollar Notes Due February 2030, Issued February 2023 | 5.12% | Feb 28, 2030 | $1.50B |
| 5.125% US Dollar Notes Due February 2030, Issued May 2023 | 5.12% | Feb 28, 2030 | $700.00M |
| 4.375% US Dollar Notes Due April 2030 | 4.37% | Apr 30, 2030 | $750.00M |
| 2.100% US Dollar Notes Due May 2030 | 2.10% | May 31, 2030 | $750.00M |
| 5.500% US Dollar Notes Due September 2030 | 5.50% | Sep 30, 2030 | $700.00M |
| 4.000% US Dollar Notes Due October 2030 | 4.00% | Oct 31, 2030 | $750.00M |
| 1.750% US Dollar Notes Due November 2030 | 1.75% | Nov 30, 2030 | $750.00M |
| 3.750% Euro Notes Due January 2031 | 3.75% | Jan 31, 2031 | €500.00M |
| 5.125% US Dollar Notes Due February 2031 | 5.12% | Feb 28, 2031 | $1.25B |
| 0.800% Euro Notes Due August 2031 | 0.80% | Aug 31, 2031 | €750.00M |
| 4.750% US Dollar Notes Due November 2031 | 4.75% | Nov 30, 2031 | $750.00M |
| Euro Notes, 3.250% Due June 2032 | 3.25% | Jun 30, 2032 | €500.00M |
| US Dollar Notes, 5.125%, Due October 2032 | 4.25% | Oct 31, 2032 | $850.00M |
| 5.750% US Dollar Notes Due November 2032 | 5.75% | Nov 30, 2032 | $1.50B |
| 5.375% US Dollar Notes Due February 2033, Issued February 2023 | 5.37% | Feb 28, 2033 | $1.50B |
| 5.375% US Dollar Notes Due February 2033, Issued May 2023 | 5.37% | Feb 28, 2033 | $750.00M |
| 3.125% Euro Notes Due June 2033 | 3.13% | Jun 30, 2033 | €500.00M |
| 5.625% US Dollar Notes Due September 2033 | 5.63% | Sep 30, 2033 | $1.00B |
| 5.250% US Dollar Notes Due February 2034 | 5.25% | Feb 28, 2034 | $1.75B |
| 4.900% US Dollar Notes Due November 2034 | 4.90% | Nov 30, 2034 | $750.00M |
| 4.875% US Dollar Notes Due April 2035 | 4.88% | Apr 30, 2035 | $600.00M |
| 4.625% US Dollar Notes Due October 2035 | 4.62% | Oct 31, 2035 | $850.00M |
| US Dollar Notes Due April 2036 | 4.88% | Apr 30, 2036 | $750.00M |
| 2.000% Euro Notes Due May 2036 | 2.00% | May 31, 2036 | €500.00M |
| 1.875% Euro Notes Due November 2037 | 1.87% | Nov 30, 2037 | €500.00M |
| 6.375% US Dollar Notes Due May 2038 | 6.38% | May 31, 2038 | $1.50B |
| 1.450% Euro Notes Due August 2039 | 1.45% | Aug 31, 2039 | €750.00M |
| 4.375% US Dollar Notes Due November 2041 | 4.37% | Nov 30, 2041 | $750.00M |
| 4.500% US Dollar Notes Due March 2042 | 4.50% | Mar 31, 2042 | $700.00M |
| 3.875% US Dollar Notes Due August 2042 | 3.87% | Aug 31, 2042 | $750.00M |
| 4.125% US Dollar Notes Due March 2043 | 4.13% | Mar 31, 2043 | $850.00M |
| 4.875% US Dollar Notes Due November 2043 | 4.88% | Nov 30, 2043 | $750.00M |
| 4.250% US Dollar Notes Due November 2044 | 4.25% | Nov 30, 2044 | $500.00M |
| 4.250% US Dollar Notes Due November 2044 | 4.25% | Nov 30, 2044 | $750.00M |
Companies tag their debt differently: some list every note, others group notes by issuance year or by type, so the list may not add up to total debt. Notes that matured before today are hidden. Source: 10-Q.
Credit facilities
Revolving credit lines and other committed borrowing capacity
| Facility | Size |
|---|---|
| Multi-year $2.0 billion revolving credit, expiring January 29, 2031 | $2.00B |
| Multi-year $2.3 billion revolving credit, expiring September 29, 2028 | $2.30B |
| Multi-year $2.5 billion revolving credit, expiring September 29, 2026 | $2.50B |
| Multi-year 1.5 billion revolving credit, expiring January 29, 2029 | €1.50B |
| Multi-year Revolving Credit Facility, Expiring February 10, 2026 | $2.00B |
| Multi-year Revolving Credit Facility, Expiring February 10, 2027 | $1.90B |
| Multi-year Revolving Credit Facility, Expiring January 29, 2028 | €1.50B |
| Multi-year Revolving Credit Facility, Expiring September 29, 2027 | $2.30B |
| Senior Unsecured Revolving Credit Facility, Expiring January 29, 2031 | $2.00B |
| Senior Unsecured Term Loan | €5.50B |
| Short Term Credit Arrangement | $4.20B |
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