Statement of Comprehensive Income

Comprehensive income is the change in equity (net assets) of a business enterprise during a period from transactions and other events and circumstances from non-owners sources. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners.

Philip Morris International Inc., consolidated statement of comprehensive income

US$ in millions

12 months ended:	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net earnings	8,268)	9,527)	9,710)	8,592)	7,728)
Unrealized gains (losses), net of income taxes	(1,643)	(1,268)	58)	(1,265)	505)
(Gains) losses transferred to earnings, net of income taxes	12)	—)	—)	—)	502)
Change in currency translation adjustments	(1,631)	(1,268)	58)	(1,265)	1,007)
Net gains (losses) and prior service costs, net of income taxes	(861)	843)	1,055)	(726)	(454)
Amortization of net losses, prior service costs and net transition costs, net of income taxes	87)	217)	323)	299)	243)
(Gains) losses transferred to earnings, deconsolidation of RBH, net of income taxes	—)	—)	—)	—)	27)
Change in net loss and prior service cost	(774)	1,060)	1,378)	(427)	(184)
Gains (losses) recognized, net of income taxes	195)	481)	124)	(68)	(18)
(Gains) losses transferred to earnings, net of income taxes	(220)	(219)	(35)	(20)	(14)
Change in fair value of derivatives accounted for as hedges	(25)	262)	89)	(88)	(32)
Other comprehensive earnings (losses), net of income taxes	(2,430)	54)	1,525)	(1,780)	791)
Comprehensive earnings	5,838)	9,581)	11,235)	6,812)	8,519)
Comprehensive earnings attributable to noncontrolling interests	(281)	(515)	(522)	(574)	(586)
Comprehensive earnings attributable to PMI	5,557)	9,066)	10,713)	6,238)	7,933)

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

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Comprehensive income item	Description	The company
Net earnings attributable to PMI	The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.	Philip Morris International Inc. net earnings attributable to PMI decreased from 2021 to 2022 and from 2022 to 2023.
Comprehensive earnings attributable to PMI	Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Exclude changes in equity resulting from investments by owners and distributions to owners.	Philip Morris International Inc. comprehensive earnings attributable to PMI decreased from 2021 to 2022 and from 2022 to 2023.

Philip Morris International Inc. (NYSE:PM)

Statement of Comprehensive Income