Total Debt for Philip Morris International (PM)
According to Philip Morris International's latest reported financial statements, the company's latest reported total debt is $51.95B USD. Total debt is the sum of short-term and long-term interest-bearing borrowings on the balance sheet (notes, bonds, term loans, lease liabilities). Useful for leverage and refinancing risk — combine with cash on hand for net debt, and see total liabilities for the broader obligations picture.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
Currently viewingTotal DebtSwitch metric
Latest period
$51.95B
YoY change
+6.9%
5Y CAGR
+9.1%
Peak year (2025)
$48.84B
Latest annual
$48.84B
Total Debt history chart for Philip Morris International (PM) from 2001 to 2025
Total Debt history table for Philip Morris International (PM) from 2001 to 2025
| Fiscal year | Period ended | Reported | Total Debt | YoY |
|---|---|---|---|---|
| 2025 | $48.84B | +6.9% | ||
| 2024 | $45.70B | -4.6% | ||
| 2023 | $47.91B | +11.1% | ||
| 2022 | $43.12B | +55.1% | ||
| 2021 | $27.81B | -11.8% | ||
| 2020 | $31.54B | +1.6% | ||
| 2019 | $31.05B | -2.2% | ||
| 2018 | $31.76B | -7.5% | ||
| 2017 | $34.34B | +18.1% | ||
| 2016 | $29.07B | +2.1% | ||
| 2015 | $28.48B | -3.3% | ||
| 2014 | $29.45B | +6.4% | ||
| 2013 | $27.68B | +21.2% | ||
| 2012 | $22.84B | +23.2% | ||
| 2011 | $18.55B | +12.4% | ||
| 2010 | $16.50B | +7.0% | ||
| 2009 | $15.42B | +28.9% | ||
| 2008 | $11.96B | +89.6% | ||
| 2007 | $6.31B | +126.4% | ||
| 2006 | $2.79B | -43.2% | ||
| 2005 | $4.91B | +574.3% | ||
| 2004 | $728.00M | — | ||
| 2003 | $0 | — | ||
| 2001 | $3.02B | — |
Total Debt values are taken from Philip Morris International's reported balance sheets (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
The 2025 reading of Philip Morris International (PM) total debt is $48.84B – grew 6.9% year-over-year.
Philip Morris International total debt has recorded the values shown across consecutive periods, with a +9.1% compound annual growth rate over 2020–2025 (5 years).
Across the available history, total debt reached its high of $48.84B in 2025 and its low of $0 in 2003.
Philip Morris International (PM) sits 3rd of 8 Consumer Defensive peers we track on this metric, against a peer median of $30.59B.
Philip Morris International Total Debt by Year
Philip Morris International Total Debt 2025: $48.84B
Philip Morris International total debt in 2025 was $48.84B, grew 6.9% from 2024. This figure represents the highest annual value in the available history.
Philip Morris International Total Debt 2024: $45.70B
Philip Morris International total debt in 2024 was $45.70B, edged down 4.6% below 2023.
Philip Morris International Total Debt 2023: $47.91B
Philip Morris International total debt in 2023 was $47.91B, grew 11.1% from 2022.
Philip Morris International Total Debt 2022: $43.12B
Philip Morris International total debt in 2022 was $43.12B, surged 55.1% from 2021.
Philip Morris International Total Debt 2021: $27.81B
Philip Morris International total debt in 2021 was $27.81B.
See more financial history for Philip Morris International (PM).
Sector peers — Total Debt
Companies in the same sector as Philip Morris International, ranked by their latest total debt.
| Company | Total Debt | Sector |
|---|---|---|
| Walmart Inc. (WMT) | $67.09B | Consumer Defensive |
| PepsiCo, Inc. (PEP) | $49.90B | Consumer Defensive |
| The Coca-Cola Company (KO) | $45.49B | Consumer Defensive |
| The Procter & Gamble Company (PG) | $35.46B | Consumer Defensive |
| Altria Group, Inc. (MO) | $25.71B | Consumer Defensive |
| Mondelez International, Inc. (MDLZ) | $22.40B | Consumer Defensive |
| Costco Wholesale Corporation (COST) | $8.17B | Consumer Defensive |
| Monster Beverage Corporation (MNST) | $0 | Consumer Defensive |
Frequently asked questions
What is Philip Morris International's total debt?
- Latest reported total debt for Philip Morris International (PM) is $51.95B (period ending March 31, 2026).
How has Philip Morris International total debt changed year-over-year?
- Philip Morris International (PM) total debt changed +6.9% year-over-year on the latest annual filing.
What is the long-term growth rate of Philip Morris International total debt?
- Philip Morris International (PM) total debt compound annual growth rate is +9.1% over the most recent 5 years available.
When did Philip Morris International total debt hit its highest annual value?
- Philip Morris International total debt reached its highest annual value of $48.84B in 2025.
What was Philip Morris International total debt in 2024?
- Philip Morris International (PM) total debt in 2024 was $45.70B.
What was Philip Morris International total debt in 2025?
- Philip Morris International (PM) total debt in 2025 was $48.84B.
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