Stock Analysis on Net

Philip Morris International Inc. (NYSE:PM)

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

Microsoft Excel
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).

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.