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, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net earnings	7,503)	8,268)	9,527)	9,710)	8,592)
Unrealized gains (losses), net of income taxes	(122)	(1,643)	(1,268)	58)	(1,265)
(Gains) losses transferred to earnings, net of income taxes	171)	12)	—)	—)	—)
Change in currency translation adjustments	49)	(1,631)	(1,268)	58)	(1,265)
Net gains (losses) and prior service costs, net of income taxes	(10)	(861)	843)	1,055)	(726)
Amortization of net losses, prior service costs and net transition costs, net of income taxes	135)	87)	217)	323)	299)
Change in net loss and prior service cost	125)	(774)	1,060)	1,378)	(427)
Gains (losses) recognized, net of income taxes	439)	195)	481)	124)	(68)
(Gains) losses transferred to earnings, net of income taxes	(213)	(220)	(219)	(35)	(20)
Change in fair value of derivatives accounted for as hedges	226)	(25)	262)	89)	(88)
Other comprehensive earnings (losses), net of income taxes	400)	(2,430)	54)	1,525)	(1,780)
Comprehensive earnings	7,903)	5,838)	9,581)	11,235)	6,812)
Comprehensive earnings attributable to noncontrolling interests	(345)	(281)	(515)	(522)	(574)
Comprehensive earnings attributable to PMI	7,558)	5,557)	9,066)	10,713)	6,238)

Based on: 10-K (reporting date: 2024-12-31), 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).

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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 2022 to 2023 and from 2023 to 2024.
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 2022 to 2023 but then increased from 2023 to 2024 not reaching 2022 level.

Philip Morris International Inc. (NYSE:PM)

Statement of Comprehensive Income