# EDGAR Filing Document

**Accession Number:** 0001413329
**File Stem:** 0001413329-23-000106
**Filing Date:** 2023-3
**Character Count:** 267178
**Document Hash:** 79b4f8b0eaba3ca3ad00d42c8fc78401
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001413329-23-000106.hdr.sgml**: 20230328

**ACCESSION NUMBER**: 0001413329-23-000106

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 16

**CONFORMED PERIOD OF REPORT**: 20230328

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20230328

**DATE AS OF CHANGE**: 20230328

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Philip Morris International Inc.
- **CENTRAL INDEX KEY:** 0001413329
- **STANDARD INDUSTRIAL CLASSIFICATION:** CIGARETTES [2111]
- **IRS NUMBER:** 133435103
- **STATE OF INCORPORATION:** VA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-33708
- **FILM NUMBER:** 23769166

**BUSINESS ADDRESS:**
- **STREET 1:** 677 WASHINGTON BLVD, STE. 1100
- **CITY:** STAMFORD
- **STATE:** CT
- **ZIP:** 06901
- **BUSINESS PHONE:** 203-905-2410

**MAIL ADDRESS:**
- **STREET 1:** 677 WASHINGTON BLVD, STE. 1100
- **CITY:** STAMFORD
- **STATE:** CT
- **ZIP:** 06901

?xml version="1.0" ? pm-20230328

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 8-K** 

**CURRENT REPORT**

**Pursuant to Section 13 or 15(d) of**

**The Securities Exchange Act of 1934**

**Date of Report (Date of earliest event reported): March 28, 2023** 

**Philip Morris International Inc.** 

**(Exact name of registrant as specified in its charter)**

---

| | | |
|:---|:---|:---|
| **Virginia** | **1-33708** | **13-3435103** |
| **(State or other jurisdiction**<br>**of incorporation)** | **(Commission File Number)** | **(I.R.S. Employer**<br>**Identification No.)** |

---

---

| | | | |
|:---|:---|:---|:---|
| **677 Washington Blvd, Ste. 1100** | **Stamford** | **Connecticut** | **06901** |
| **(Address of principal executive offices)** | **(Address of principal executive offices)** | **(Address of principal executive offices)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(Zip Code)** |

---

**Registrant's telephone number, including area code: (203) 905-2410** 

**(Former name or former address, if changed since last report.)**

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

------

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

---

| | | |
|:---|:---|:---|
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
| Common Stock, no par value | PM | New York Stock Exchange |
| 2.125% Notes due 2023 | PM23B | New York Stock Exchange |
| 3.600% Notes due 2023 | PM23A | New York Stock Exchange |

---

---

| | | |
|:---|:---|:---|
| 2.875% Notes due 2024 | PM24 | New York Stock Exchange |
| 2.875% Notes due 2024 | PM24C | New York Stock Exchange |
| 0.625% Notes due 2024 | PM24B | New York Stock Exchange |
| 3.250% Notes due 2024 | PM24A | New York Stock Exchange |
| 2.750% Notes due 2025 | PM25 | New York Stock Exchange |
| 3.375% Notes due 2025 | PM25A | New York Stock Exchange |
| 2.750% Notes due 2026 | PM26A | New York Stock Exchange |
| 2.875% Notes due 2026 | PM26 | New York Stock Exchange |
| 0.125% Notes due 2026 | PM26B | New York Stock Exchange |
| 3.125% Notes due 2027 | PM27 | New York Stock Exchange |
| 3.125% Notes due 2028 | PM28 | New York Stock Exchange |
| 2.875% Notes due 2029 | PM29 | New York Stock Exchange |
| 3.375% Notes due 2029 | PM29A | New York Stock Exchange |
| 0.800% Notes due 2031 | PM31 | New York Stock Exchange |
| 3.125% Notes due 2033 | PM33 | New York Stock Exchange |
| 2.000% Notes due 2036 | PM36 | New York Stock Exchange |
| 1.875% Notes due 2037 | PM37A | New York Stock Exchange |
| 6.375% Notes due 2038 | PM38 | New York Stock Exchange |
| 1.450% Notes due 2039 | PM39 | New York Stock Exchange |
| 4.375% Notes due 2041 | PM41 | New York Stock Exchange |
| 4.500% Notes due 2042 | PM42 | New York Stock Exchange |
| 3.875% Notes due 2042 | PM42A | New York Stock Exchange |
| 4.125% Notes due 2043 | PM43 | New York Stock Exchange |
| 4.875% Notes due 2043 | PM43A | New York Stock Exchange |
| 4.250% Notes due 2044 | PM44 | New York Stock Exchange |

---

------

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

------

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Item 7.01.** | **Regulation FD Disclosure.** |

---

(i) *Recast Geographic Segment Shipment Volume and Financial Information* 

As previously reported in the Annual Report on Form 10-K for the fiscal year ended December 31, 2022 (the "2022 Form 10-K"), filed with the U.S. Securities and Exchange Commission on February 10, 2023 by Philip Morris International Inc. (the "Company" or "PMI"), in January 2023, the Company began managing its business in four geographical segments, down from six previously, in addition to its continuing Swedish Match AB ("Swedish Match") and Wellness and Healthcare segments. The four geographical segments are as follows:

•  The Europe Region;

•  The South & Southeast Asia, Commonwealth of Independent States and Middle East & Africa Region ("SSEA, CIS & MEA");

•  The East Asia, Australia & PMI Duty Free Region ("EA, AU & PMI DF"); and

•  The Americas Region.

On March 28, 2023, the Company posted on its website certain recast historical shipment volume and financial information that reflects the change in reportable geographical segments described above.

The unaudited recast historical information is being furnished solely to aid investors by providing supplemental information, has no impact on the Company's previously reported consolidated financial position or results of operations, and does not represent a restatement of the Company's previously issued consolidated financial statements that were included in the 2022 Form 10-K. The Company's 2022 and 2021 quarterly and annual recast shipment volume and financial information, previously presented in earnings releases for the same periods, as well as other financial information, is furnished herewith as Exhibit 99.1 and is incorporated in this Item 7.01 by reference. The Company's 2021 and 2020 recast shipment volume and financial information, previously presented in earnings releases for the same periods, as well as other financial information, is furnished herewith as Exhibit 99.2 and is incorporated in this Item 7.01 by reference. As presented in Exhibits 99.1 and 99.2 to this Form 8-K, shipment volumes and financial information for PMI on a consolidated basis, the Wellness & Healthcare segment, and, where applicable, the Swedish Match segment, do not differ from previously disclosed results.

Key terms, definitions and explanatory notes, as well as reconciliations of non-GAAP financial measures to the most directly comparable GAAP measures are set forth on Exhibits 99.1 and 99.2.

(ii) *Pro Forma Financial Information*

Also on March 28, 2023, the Company posted on its website certain unaudited pro forma financial information reflecting the combined fiscal year 2022 results for PMI and Swedish Match, which the Company acquired in November 2022. This information is intended to assist investors in assessing the Company's historical performance on a combined basis that reflects the Swedish Match acquisition and is furnished herewith as Exhibit 99.3 and is incorporated in this Item 7.01 by reference.

The unaudited pro forma combined financial information was prepared using the acquisition method of accounting as required by ASC 805 Business Combinations and was based on the historical financial information of PMI and Swedish Match as disclosed in Item 8. Note 3. *Acquisitions* to the Company's 2022 Form 10-K. The unaudited pro forma financial information is not necessarily indicative of what the consolidated results of operations would have been had the acquisition been completed on January 1, 2021. In addition, the unaudited pro forma financial information is not a projection of future results of operations of the combined company.

The information in this Current Report on Form 8-K, including Exhibits 99.1, 99.2, and 99.3, should be read in conjunction with the Company's 2022 Form 10-K.

In accordance with General Instruction B.2 of Form 8-K, the information in Item 7.01 of this Current Report on Form 8-K, including Exhibits 99.1, 99.2, and 99.3 hereto, is incorporated by reference herein and is being

------

"furnished" to the Securities and Exchange Commission and shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section. The information in Item 7.01 of this Current Report on Form 8-K shall not be incorporated by reference into any filing or other document pursuant to the Securities Act of 1933, as amended, except as may be expressly set forth by specific reference in such filing or document.

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Item 9.01.** | **Financial Statements and Exhibits.** |

---

&nbsp;&nbsp;&nbsp;&nbsp;(d) <u>Exhibits.</u>

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;99.1 | <u>[Recast Shipment Volume and](ex991recastschedules_2022v.htm)[Unaudited](ex991recastschedules_2022v.htm)[Financial Information - 2022 vs. 2021](ex991recastschedules_2022v.htm)</u> |
| &nbsp;&nbsp;&nbsp;99.2 | <u>[Recast Shipment Volume and Unaudited Financial Information - 2021 vs. 2020](ex992recastschedules_2021v.htm)</u> |
| &nbsp;&nbsp;&nbsp;99.3 | <u>[Fiscal Year 2022 Unaudited Pro Forma Combined Financial Information - PMI and Swedish Match Combined](ex993proformaswmafinancial.htm)</u> |
| &nbsp;&nbsp;104 | Cover Page Interactive Data File (the cover page XBRL tags are embedded within the Inline XBRL document and contained in Exhibit 101) |

---

------

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | |
|:---|:---|
| PHILIP MORRIS INTERNATIONAL INC. | PHILIP MORRIS INTERNATIONAL INC. |
| By: | <u>/s/ EMMANUEL BABEAU</u> |
| Name: | Emmanuel Babeau |
| Title: | Chief Financial Officer |

---

Date: March 28, 2023

## Exhibit 99.1

Exhibit 99.1

**Recast Shipment Volume and Unaudited Financial Information**

2022 vs. 2021

------

PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries

**Key Terms, Definitions and Explanatory Notes**

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**<u>General</u>**<br>• "PMI" refers to Philip Morris International Inc. and its subsidiaries. Trademarks and service marks that are the registered property of, or licensed by, the subsidiaries of PMI, are italicized.<br>• The recast 2022 and 2021 shipment volumes and financial information in this document reflect PMI's new geographic segmentation, announced on November 25, 2022, effective in January 2023. PMI's shipment volumes and financials for total PMI, as well as Wellness & Healthcare and Swedish Match segments presented in this document do not differ from previously disclosed results. <br>• Comparisons are made to the same prior-year period unless otherwise stated.<br>• "Combustible tobacco products" is the term PMI uses to refer to cigarettes and other tobacco products that are combusted.<br>• "Total shipment volume" is defined as the combined total of cigarette shipment volume and heated tobacco unit shipment volume.<br>• In the third quarter of 2021, PMI acquired Fertin Pharma A/S, Vectura Group plc. and OtiTopic, Inc. On March 31, 2022, PMI launched a new Wellness and Healthcare business consolidating these entities, Vectura Fertin Pharma. The operating results of this new business are reported in the Wellness and Healthcare segment. The business operations of PMI's Wellness and Healthcare segment are managed and evaluated separately from the geographical segments.<br>• In the fourth quarter of 2022, Philip Morris Holland Holdings B.V., a wholly owned subsidiary of PMI, acquired a controlling interest in Swedish Match. The operating results of Swedish Match are disclosed as a separate segment. The business operations of the Swedish Match segment are managed and evaluated separately from the geographical segments.<br>**<u>Financial</u>**<br>• Adjusted net revenues exclude the impact related to the Saudi Arabia customs assessments.<br>• "Adjusted Operating Income Margin" is calculated as adjusted operating income divided by adjusted net revenues.<br>• Management reviews net revenues, operating income, operating income margin, operating cash flow and earnings per share, or "EPS," on an adjusted basis, which may exclude the impact of currency and other items such as acquisitions, asset impairment and exit costs, tax items and other special items. Additionally, starting in 2022 and on a comparative basis, for these measures other than net revenues and operating cash flow, PMI included adjustments to add back amortization expense on acquisition related intangible assets that are recorded as part of purchase accounting and contribute to PMI's revenue generation, as well as impairment of intangible assets, if any. Currency-neutral and organic growth rates reflect the way management views underlying performance for these measures. PMI believes that such measures provide useful insight into underlying business trends and results.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br>&nbsp;&nbsp;&nbsp;&nbsp;• Management reviews these measures because they exclude changes in currency exchange rates and other factors that may distort underlying business trends, thereby improving the comparability of PMI's business performance between reporting periods. Furthermore, PMI uses several of these measures in its management compensation program to promote internal fairness and a disciplined assessment of performance against company targets. PMI discloses these measures to enable investors to view the business through the eyes of management.<br>&nbsp;&nbsp;&nbsp;&nbsp;• Non-GAAP measures used in this release should neither be considered in isolation nor as a substitute for the financial measures prepared in accordance with U.S. GAAP. For a reconciliation of non-GAAP measures to the most directly comparable U.S. GAAP measures, see the relevant schedules provided with this report.<br>**<u>Smoke-Free Products</u>**<br>&nbsp;&nbsp;&nbsp;&nbsp;• Smoke-free products ("SFPs") is the term PMI primarily uses to refer to all of its products that are not combustible tobacco products, such as heat-not-burn, e-vapor, and oral nicotine. In addition, SFPs include wellness and healthcare products, as well as consumer accessories such as lighters and matches.<br>&nbsp;&nbsp;&nbsp;&nbsp;• Reduced-risk products ("RRPs") is the term PMI uses to refer to products that present, are likely to present, or have the potential to present less risk of harm to smokers who switch to these products versus continuing smoking. PMI has a range of RRPs in various stages of development, scientific assessment and commercialization. PMI's RRPs are smoke-free products that contain and/or generate far lower quantities of harmful and potentially harmful constituents than found in cigarette smoke**.**<br>&nbsp;&nbsp;&nbsp;&nbsp;• Wellness and Healthcare products primarily refer to products associated with inhaled therapeutics and oral and intra-oral delivery systems that are included in the operating results of PMI's new Wellness and Healthcare business, Vectura Fertin Pharma.<br>&nbsp;&nbsp;&nbsp;&nbsp;• Following the Swedish Match acquisition and a review of PMI and Swedish Match's combined product portfolio, PMI reclassified certain of its own products previously reported under its combustible tobacco product category to the newly created smoke-free product category to better reflect the characteristics of these products. Prior years' amounts have been reclassified to conform with the updated presentation for all periods presented.<br>&nbsp;&nbsp;&nbsp;&nbsp;• "Heated tobacco units," or "HTUs," is the term PMI uses to refer to heated tobacco consumables, which include the company's *BLENDS*, *HEETS*, *HEETS Creations*, *HEETS Dimensions*, *HEETS Marlboro* and *HEETS FROM MARLBORO* (defined collectively as *HEETS*), *Marlboro Dimensions*, *Marlboro HeatSticks, Parliament HeatSticks*, *SENTIA* and *TEREA*, as well as the KT&G-licensed brands, *Fiit* and *Miix* (outside of South Korea).<br>&nbsp;&nbsp;&nbsp;&nbsp;• "SSEA, CIS & MEA" stands for South & Southeast Asia, Commonwealth of Independent States, and Middle East & Africa.<br>&nbsp;&nbsp;&nbsp;&nbsp;• "EA, AU & PMI DF" stands for East Asia, Australia and PMI Duty Free. |

---

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries |
| **New Geographic Segmentation (effective January 2023)** | **New Geographic Segmentation (effective January 2023)** | **New Geographic Segmentation (effective January 2023)** | **New Geographic Segmentation (effective January 2023)** | **New Geographic Segmentation (effective January 2023)** | **New Geographic Segmentation (effective January 2023)** |
| **Europe** | **Europe** | **South & Southeast Asia, Commonwealth of Independent States & Middle East & Africa<br>(SSEA, CIS & MEA)** | **South & Southeast Asia, Commonwealth of Independent States & Middle East & Africa<br>(SSEA, CIS & MEA)** | **East Asia, Australia & PMI Duty Free<br>(EA, AU & PMI DF)** | **Americas** |
| Albania | Serbia | Afghanistan | Kuwait | Australia | Argentina |
| Andorra | Slovak Republic | Algeria | Laos | Duty Free | Bolivia |
| Austria | Slovenia | Angola | Lebanon | Hong Kong | Brazil |
| Belgium | Spain | Bahrain | Lesotho | Japan | Canada |
| Bosnia & Herzegovina | Sweden | Bangladesh | Liberia | Macau | Caribbean<sup>(5)</sup> |
| Bulgaria | Switzerland | Bhutan | Libya | Malaysia | Chile |
| Canary Islands | Ukraine | Botswana | Maldives | New Zealand | Colombia |
| Croatia | United Kingdom | Burkina Faso | Mali | Pacific Islands<sup>(4)</sup> | Costa Rica |
| Czech Republic |  | Cambodia | Mauritania | People's Republic of China | Dominican Republic |
| Denmark |  | Cameroon | Morocco | Singapore | Ecuador |
| Estonia |  | Cape Verde | Namibia | South Korea | El Salvador |
| Finland |  | Caucasus<sup>(1)</sup> | Nigeria | Taiwan | Guatemala |
| France |  | Central Asia<sup>(2)</sup> | Oman |  | Honduras |
| Germany |  | Djibouti | Pakistan |  | Mexico |
| Greece |  | East Timor | Philippines |  | Nicaragua |
| Hungary |  | Egypt | Qatar |  | Panama |
| Italy |  | Equatorial Guinea | Russia |  | Paraguay |
| Kosovo |  | Gabon | Saudi Arabia |  | Peru |
| Latvia |  | Gambia | Senegal |  | Trinidad & Tobago |
| Lithuania |  | Guinea | Somalia |  | United States of America |
| Luxembourg |  | India | South Africa |  | Uruguay |
| Moldova |  | Indian Ocean Islands<sup>(3)</sup> | Tanzania |  | Venezuela |
| Montenegro |  | Indonesia | Thailand |  |  |
| Netherlands |  | Iraq | Togo |  |  |
| North Macedonia |  | Israel | Tunisia |  |  |
| Norway |  | Ivory Coast | Turkey |  |  |
| Poland |  | Jordan | United Arab Emirates |  |  |
| Portugal |  | Kazakhstan | Vietnam |  |  |
| Romania |  | Kingdom of Eswatini |  |  |  |

---

(1) Caucasus includes Armenia, Azerbaijan and Georgia

(2) Central Asia includes Kyrgyzstan, Mongolia, Tajikistan and Uzbekistan

(3) Indian Ocean Islands includes Mauritius, Mayotte and Reunion

(4) Pacific Islands includes Christmas Islands, French Polynesia, Kiribati, Marshall Island, Micronesia, Nauru, New Caldedonia, Palau, State of Micronesia, Tonga and Vanuatu

(5) Caribbean includes Aruba, Bermuda, Bonaire, Curacao, French Guyana, Grenada, Guadeloupe, Martinique, St. Maarten (Dutch), St. Martin (French) and other Caribbean markets

Note: The list of markets by region is not exhaustive

------

---

| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | | | | | | | | | | | | | **Schedule 1** | **Schedule 1** |
| PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries |
| **Shipment Volume by Product Category** | **Shipment Volume by Product Category** | **Shipment Volume by Product Category** | **Shipment Volume by Product Category** | **Shipment Volume by Product Category** | **Shipment Volume by Product Category** | **Shipment Volume by Product Category** | **Shipment Volume by Product Category** | **Shipment Volume by Product Category** | **Shipment Volume by Product Category** | **Shipment Volume by Product Category** | **Shipment Volume by Product Category** | **Shipment Volume by Product Category** | **Shipment Volume by Product Category** | **Shipment Volume by Product Category** | **Shipment Volume by Product Category** |
| (million units) / (unaudited) | (million units) / (unaudited) | (million units) / (unaudited) | (million units) / (unaudited) | (million units) / (unaudited) | (million units) / (unaudited) | (million units) / (unaudited) | (million units) / (unaudited) | (million units) / (unaudited) | (million units) / (unaudited) | (million units) / (unaudited) | (million units) / (unaudited) | (million units) / (unaudited) | (million units) / (unaudited) | (million units) / (unaudited) | (million units) / (unaudited) |
|  | **Quarters<br>Ended March 31** | **Quarters<br>Ended March 31** | **Quarters<br>Ended March 31** | **Quarters<br>Ended June 30** | **Quarters<br>Ended June 30** | **Quarters<br>Ended June 30** | **Quarters<br>Ended September 30** | **Quarters<br>Ended September 30** | **Quarters<br>Ended September 30** | **Quarters<br>Ended December 31** | **Quarters<br>Ended December 31** | **Quarters<br>Ended December 31** | **Full Year<br>Ended December 31** | **Full Year<br>Ended December 31** | **Full Year<br>Ended December 31** |
|  | **2022** | **2021** | **%<br>Change** | **2022** | **2021** | **%<br>Change** | **2022** | **2021** | **%<br>Change** | **2022** | **2021** | **%<br>Change** | **2022** | **2021** | **%<br>Change** |
| **Cigarettes** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Europe | 40849 | 41077 | (0.6)% | 45166 | 46674 | (3.2)% | 45304 | 47818 | (5.3)% | 39339 | 42492 | (7.4)% | 170658 | 178061 | (4.2)% |
| SSEA, CIS & MEA | 78246 | 77089 | 1.5% | 82365 | 81881 | 0.6% | 86495 | 87514 | (1.2)% | 83920 | 84355 | (0.5)% | 331026 | 330839 | 0.1% |
| EA, AU & PMI DF | 14348 | 12461 | 15.1% | 14067 | 12370 | 13.7% | 13501 | 13517 | (0.1)% | 12335 | 13040 | (5.4)% | 54251 | 51388 | 5.6% |
| Americas | 14795 | 14885 | (0.6)% | 16080 | 15213 | 5.7% | 16666 | 15994 | 4.2% | 18432 | 18495 | (0.3)% | 65973 | 64587 | 2.1% |
| **Total PMI** | **148238** | **145512** | **1.9%** | **157678** | **156138** | **1.0%** | **161966** | **164843** | **(1.7)%** | **154026** | **158382** | **(2.8)%** | **621908** | **624875** | **(0.5)%** |
| **Heated Tobacco Units** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Europe | 10269 | 7842 | 30.9% | 10542 | 8514 | 23.8% | 11685 | 8655 | 35.0% | 12921 | 9412 | 37.3% | 45417 | 34423 | 31.9% |
| SSEA, CIS & MEA | 5013 | 4553 | 10.1% | 5642 | 5652 | (0.2)% | 5830 | 5025 | 16.0% | 6122 | 6013 | 1.8% | 22607 | 21243 | 6.4% |
| EA, AU & PMI DF | 9429 | 9234 | 2.1% | 8531 | 10050 | (15.1)% | 9868 | 9588 | 2.9% | 12785 | 9862 | 29.6% | 40613 | 38734 | 4.9% |
| Americas | 108 | 105 | 2.9% | 106 | 140 | (24.3)% | 125 | 221 | (43.4)% | 193 | 110 | 75.5% | 532 | 576 | (7.6)% |
| **Total PMI** | **24819** | **21734** | **14.2%** | **24821** | **24356** | **1.9%** | **27508** | **23489** | **17.1%** | **32021** | **25397** | **26.1%** | **109169** | **94976** | **14.9%** |
| **Cigarettes and Heated Tobacco Units** | **Cigarettes and Heated Tobacco Units** | **Cigarettes and Heated Tobacco Units** |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Europe | 51118 | 48919 | 4.5% | 55708 | 55188 | 0.9% | 56989 | 56473 | 0.9% | 52260 | 51904 | 0.7% | 216075 | 212484 | 1.7% |
| SSEA, CIS & MEA | 83259 | 81642 | 2.0% | 88007 | 87533 | 0.5% | 92325 | 92539 | (0.2)% | 90042 | 90368 | (0.4)% | 353633 | 352082 | 0.4% |
| EA, AU & PMI DF | 23777 | 21695 | 9.6% | 22598 | 22420 | 0.8% | 23369 | 23105 | 1.1% | 25120 | 22902 | 9.7% | 94864 | 90122 | 5.3% |
| Americas | 14903 | 14990 | (0.6)% | 16186 | 15353 | 5.4% | 16791 | 16215 | 3.6% | 18625 | 18605 | 0.1% | 66505 | 65163 | 2.1% |
| **Total PMI** | **173057** | **167246** | **3.5%** | **182499** | **180494** | **1.1%** | **189474** | **188332** | **0.6%** | **186047** | **183779** | **1.2%** | **731077** | **719851** | **1.6%** |

---

------

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | | | | | | | **Schedule 2 (1/5)** | **Schedule 2 (1/5)** |
| PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries |
| Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures |
| **Net Revenues by Product Category and Adjustments of Net Revenues for the Impact of Currency and Acquisitions** | **Net Revenues by Product Category and Adjustments of Net Revenues for the Impact of Currency and Acquisitions** | **Net Revenues by Product Category and Adjustments of Net Revenues for the Impact of Currency and Acquisitions** | **Net Revenues by Product Category and Adjustments of Net Revenues for the Impact of Currency and Acquisitions** | **Net Revenues by Product Category and Adjustments of Net Revenues for the Impact of Currency and Acquisitions** | **Net Revenues by Product Category and Adjustments of Net Revenues for the Impact of Currency and Acquisitions** | **Net Revenues by Product Category and Adjustments of Net Revenues for the Impact of Currency and Acquisitions** | **Net Revenues by Product Category and Adjustments of Net Revenues for the Impact of Currency and Acquisitions** | **Net Revenues by Product Category and Adjustments of Net Revenues for the Impact of Currency and Acquisitions** | **Net Revenues by Product Category and Adjustments of Net Revenues for the Impact of Currency and Acquisitions** |
| ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) |
| **Net<br>Revenues** | **Currency** | **Net Revenues excluding<br>Currency** | **Acquisitions** | **Net Revenues excluding Currency & Acquisitions** | **Quarters Ended<br>March 31** | **Net<br>Revenues** | **Total** | **Excluding Currency** | **Excluding Currency & Acquisitions** |
| **2022** | **2022** | **2022** | **2022** | **2022** | **Combustible Tobacco** | **2021** | **% Change** | **% Change** | **% Change** |
| $1937 | $(128) | $2065 | $— | $2065 | Europe | $2069 | (6.4)% | (0.2)% | (0.2)% |
| 2195 | (229) | 2424 |  | 2424 | SSEA, CIS & MEA | 2247 | (2.3)% | 7.9% | 7.9% |
| 769 | (45) | 814 |  | 814 | EA, AU & PMI DF | 713 | 7.8% | 14.2% | 14.2% |
| 402 | (13) | 415 |  | 415 | Americas | 401 | 0.4% | 3.5% | 3.5% |
| **$5304** | **$(414)** | **$5718** | **$—** | **$5718** | **Total Combustible Tobacco** | **$5430** | **(2.3)%** | **5.3%** | **5.3%** |
| **2022** | **2022** | **2022** | **2022** | **2022** | **Smoke-free excl. W&H** | **2021** | **% Change** | **% Change** | **% Change** |
| $1287 | $(83) | $1370 | $4 | $1367 | Europe | $1053 | 22.2% | 30.2% | 29.8% |
| 250 | (25) | 275 |  | 275 | SSEA, CIS & MEA | 239 | 4.5% | 15.1% | 15.1% |
| 818 | (67) | 885 |  | 885 | EA, AU & PMI DF | 830 | (1.4)% | 6.6% | 6.6% |
| 22 |  | 22 |  | 22 | Americas | 33 | (34.7)% | (33.5)% | (33.5)% |
| **$2376** | **$(176)** | **$2552** | **$4** | **$2548** | **Total Smoke-free excl. W&H** | **$2155** | **10.3%** | **18.4%** | **18.3%** |
| **2022** | **2022** | **2022** | **2022** | **2022** | **Wellness & Healthcare** | **2021** | **% Change** | **% Change** | **% Change** |
| **$66** | **$—** | **$66** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$66** | **$—** | **Wellness & Healthcare** | **$—** | **— %** | **— %** | **— %** |
| **2022** | **2022** | **2022** | **2022** | **2022** | **Smoke-free incl. W&H** | **2021** | **% Change** | **% Change** | **% Change** |
| **$2442** | **$(176)** | **$2618** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$70** | **$2548** | **Total Smoke-free incl. W&H** | **$2155** | **13.4%** | **21.5%** | **18.3%** |
| **2022** | **2022** | **2022** | **2022** | **2022** | **PMI** | **2021** | **% Change** | **% Change** | **% Change** |
| $3224 | $(211) | $3435 | $4 | $3431 | Europe | $3122 | 3.3% | 10.0% | 9.9% |
| 2445 | (254) | 2699 |  | 2699 | SSEA, CIS & MEA | 2486 | (1.6)% | 8.6% | 8.6% |
| 1587 | (112) | 1699 |  | 1699 | EA, AU & PMI DF | 1543 | 2.9% | 10.1% | 10.1% |
| 424 | (13) | 437 |  | 437 | Americas | 434 | (2.3)% | 0.7% | 0.7% |
| 66 |  | 66 | 66 |  | Wellness & Healthcare |  | —% | —% | —% |
| **$7746** | **$(590)** | **$8336** | **$70** | **$8266** | **Total PMI** | **$7585** | **2.1%** | **9.9%** | **9.0%** |
| Note: Sum of product categories or Regions might not foot to total PMI due to roundings. "-" indicates amounts between -$0.5 million and +$0.5 million. | Note: Sum of product categories or Regions might not foot to total PMI due to roundings. "-" indicates amounts between -$0.5 million and +$0.5 million. | Note: Sum of product categories or Regions might not foot to total PMI due to roundings. "-" indicates amounts between -$0.5 million and +$0.5 million. | Note: Sum of product categories or Regions might not foot to total PMI due to roundings. "-" indicates amounts between -$0.5 million and +$0.5 million. | Note: Sum of product categories or Regions might not foot to total PMI due to roundings. "-" indicates amounts between -$0.5 million and +$0.5 million. | Note: Sum of product categories or Regions might not foot to total PMI due to roundings. "-" indicates amounts between -$0.5 million and +$0.5 million. | Note: Sum of product categories or Regions might not foot to total PMI due to roundings. "-" indicates amounts between -$0.5 million and +$0.5 million. | Note: Sum of product categories or Regions might not foot to total PMI due to roundings. "-" indicates amounts between -$0.5 million and +$0.5 million. | Note: Sum of product categories or Regions might not foot to total PMI due to roundings. "-" indicates amounts between -$0.5 million and +$0.5 million. | Note: Sum of product categories or Regions might not foot to total PMI due to roundings. "-" indicates amounts between -$0.5 million and +$0.5 million. |

---

------

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | | | | | | | | **Schedule 2 (2/5)** | **Schedule 2 (2/5)** |
| PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries |
| Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures |
| **Net Revenues by Product Category and Adjustments of Net Revenues for the Impact of Currency and Acquisitions** | **Net Revenues by Product Category and Adjustments of Net Revenues for the Impact of Currency and Acquisitions** | **Net Revenues by Product Category and Adjustments of Net Revenues for the Impact of Currency and Acquisitions** | **Net Revenues by Product Category and Adjustments of Net Revenues for the Impact of Currency and Acquisitions** | **Net Revenues by Product Category and Adjustments of Net Revenues for the Impact of Currency and Acquisitions** | **Net Revenues by Product Category and Adjustments of Net Revenues for the Impact of Currency and Acquisitions** | **Net Revenues by Product Category and Adjustments of Net Revenues for the Impact of Currency and Acquisitions** | **Net Revenues by Product Category and Adjustments of Net Revenues for the Impact of Currency and Acquisitions** | **Net Revenues by Product Category and Adjustments of Net Revenues for the Impact of Currency and Acquisitions** | **Net Revenues by Product Category and Adjustments of Net Revenues for the Impact of Currency and Acquisitions** | **Net Revenues by Product Category and Adjustments of Net Revenues for the Impact of Currency and Acquisitions** |
| ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) |
| **Net<br>Revenues** | **Currency** | **Net Revenues excluding<br>Currency** | **Acquisitions** | **Net Revenues excluding Currency & Acquisitions** | **Quarters Ended<br>June 30** | **Net<br>Revenues** |  | **Total** | **Excluding Currency** | **Excluding Currency & Acquisitions** |
| **2022** | **2022** | **2022** | **2022** | **2022** | **Combustible Tobacco** | **2021** |  | **% Change** | **% Change** | **% Change** |
| $2062 | $(211) | $2273 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$(1) | $2274 | Europe | $2300 |  | (10.3)% | (1.1)% | (1.1)% |
| 2203 | (42) | 2245 |  | 2245 | SSEA, CIS & MEA | 1904 | (a) | 15.7% | 17.9% | 17.9% |
| 754 | (53) | 807 |  | 807 | EA, AU & PMI DF | 688 |  | 9.6% | 17.3% | 17.3% |
| 444 | 4 | 440 |  | 440 | Americas | 398 |  | 11.7% | 10.7% | 10.7% |
| **$5463** | **$(302)** | **$5765** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$(1)** | **$5766** | **Total Combustible Tobacco** | **$5290** |  | **3.3%** | **9.0%** | **9.0%** |
| **2022** | **2022** | **2022** | **2022** | **2022** | **Smoke-free excl. W&H** | **2021** |  | **% Change** | **% Change** | **% Change** |
| $1247 | $(132) | $1379 | $4 | $1375 | Europe | $1058 |  | 17.8% | 30.3% | 29.9% |
| 311 | 5 | 306 |  | 306 | SSEA, CIS & MEA | 300 |  | 4.0% | 2.2% | 2.2% |
| 710 | (72) | 782 |  | 782 | EA, AU & PMI DF | 914 |  | (22.3)% | (14.4)% | (14.4)% |
| 25 |  | 25 |  | 25 | Americas | 32 |  | (23.3)% | (23.1)% | (23.1)% |
| **$2293** | **$(199)** | **$2492** | **$4** | **$2488** | **Total Smoke-free excl. W&H** | **$2304** |  | **(0.5)%** | **8.1%** | **8.0%** |
| **2022** | **2022** | **2022** | **2022** | **2022** | **Wellness & Healthcare** | **2021** |  | **% Change** | **% Change** | **% Change** |
| **$76** | **$—** | **$76** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$76** | **$—** | **Wellness & Healthcare** | **$—** |  | **— %** | **— %** | **— %** |
| **2022** | **2022** | **2022** | **2022** | **2022** | **Smoke-free incl. W&H** | **2021** |  | **% Change** | **% Change** | **% Change** |
| **$2369** | **$(199)** | **$2568** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$80** | **$2488** | **Total Smoke-free incl. W&H** | **$2304** |  | **2.8%** | **11.4%** | **8.0%** |
| **2022** | **2022** | **2022** | **2022** | **2022** | **PMI** | **2021** |  | **% Change** | **% Change** | **% Change** |
| $3309 | $(343) | $3652 | $3 | $3649 | Europe | $3358 |  | (1.5)% | 8.8% | 8.7% |
| 2514 | (37) | 2551 |  | 2551 | SSEA, CIS & MEA | 2204 | (a) | 14.1% | 15.7% | 15.7% |
| 1464 | (125) | 1589 |  | 1589 | EA, AU & PMI DF | 1602 |  | (8.6)% | (0.8)% | (0.8)% |
| 469 | 4 | 465 |  | 465 | Americas | 430 |  | 9.1% | 8.1% | 8.1% |
| 76 |  | 76 | 76 |  | Wellness & Healthcare |  |  | —% | —% | —% |
| **$7832** | **$(501)** | **$8333** | **$79** | **$8254** | **Total PMI** | **$7594** |  | **3.1%** | **9.7%** | **8.7%** |
| (a) Includes a reduction in net revenues of $246 million related to the Saudi Arabia customs assessment | (a) Includes a reduction in net revenues of $246 million related to the Saudi Arabia customs assessment | (a) Includes a reduction in net revenues of $246 million related to the Saudi Arabia customs assessment | (a) Includes a reduction in net revenues of $246 million related to the Saudi Arabia customs assessment | (a) Includes a reduction in net revenues of $246 million related to the Saudi Arabia customs assessment | (a) Includes a reduction in net revenues of $246 million related to the Saudi Arabia customs assessment | (a) Includes a reduction in net revenues of $246 million related to the Saudi Arabia customs assessment | (a) Includes a reduction in net revenues of $246 million related to the Saudi Arabia customs assessment | (a) Includes a reduction in net revenues of $246 million related to the Saudi Arabia customs assessment | (a) Includes a reduction in net revenues of $246 million related to the Saudi Arabia customs assessment | (a) Includes a reduction in net revenues of $246 million related to the Saudi Arabia customs assessment |
| Note: Sum of product categories or Regions might not foot to total PMI due to roundings. "-" indicates amounts between -$0.5 million and +$0.5 million. | Note: Sum of product categories or Regions might not foot to total PMI due to roundings. "-" indicates amounts between -$0.5 million and +$0.5 million. | Note: Sum of product categories or Regions might not foot to total PMI due to roundings. "-" indicates amounts between -$0.5 million and +$0.5 million. | Note: Sum of product categories or Regions might not foot to total PMI due to roundings. "-" indicates amounts between -$0.5 million and +$0.5 million. | Note: Sum of product categories or Regions might not foot to total PMI due to roundings. "-" indicates amounts between -$0.5 million and +$0.5 million. | Note: Sum of product categories or Regions might not foot to total PMI due to roundings. "-" indicates amounts between -$0.5 million and +$0.5 million. | Note: Sum of product categories or Regions might not foot to total PMI due to roundings. "-" indicates amounts between -$0.5 million and +$0.5 million. | Note: Sum of product categories or Regions might not foot to total PMI due to roundings. "-" indicates amounts between -$0.5 million and +$0.5 million. | Note: Sum of product categories or Regions might not foot to total PMI due to roundings. "-" indicates amounts between -$0.5 million and +$0.5 million. | Note: Sum of product categories or Regions might not foot to total PMI due to roundings. "-" indicates amounts between -$0.5 million and +$0.5 million. | Note: Sum of product categories or Regions might not foot to total PMI due to roundings. "-" indicates amounts between -$0.5 million and +$0.5 million. |

---

------

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | | | | | | | **Schedule 2 (3/5)** | **Schedule 2 (3/5)** |
| PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries |
| Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures |
| **Net Revenues by Product Category and Adjustments of Net Revenues for the Impact of Currency and Acquisitions** | **Net Revenues by Product Category and Adjustments of Net Revenues for the Impact of Currency and Acquisitions** | **Net Revenues by Product Category and Adjustments of Net Revenues for the Impact of Currency and Acquisitions** | **Net Revenues by Product Category and Adjustments of Net Revenues for the Impact of Currency and Acquisitions** | **Net Revenues by Product Category and Adjustments of Net Revenues for the Impact of Currency and Acquisitions** | **Net Revenues by Product Category and Adjustments of Net Revenues for the Impact of Currency and Acquisitions** | **Net Revenues by Product Category and Adjustments of Net Revenues for the Impact of Currency and Acquisitions** | **Net Revenues by Product Category and Adjustments of Net Revenues for the Impact of Currency and Acquisitions** | **Net Revenues by Product Category and Adjustments of Net Revenues for the Impact of Currency and Acquisitions** | **Net Revenues by Product Category and Adjustments of Net Revenues for the Impact of Currency and Acquisitions** |
| ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) |
| **Net<br>Revenues** | **Currency** | **Net Revenues excluding<br>Currency** | **Acquisitions** | **Net Revenues excluding Currency & Acquisitions** | **Quarters Ended<br>September 30** | **Net<br>Revenues** | **Total** | **Excluding Currency** | **Excluding Currency & Acquisitions** |
| **2022** | **2022** | **2022** | **2022** | **2022** | **Combustible Tobacco** | **2021** | **% Change** | **% Change** | **% Change** |
| $1996 | $(300) | $2297 | $1 | $2296 | Europe | $2333 | (14.4)% | (1.5)% | (1.6)% |
| 2454 | (41) | 2494 |  | 2494 | SSEA, CIS & MEA | 2284 | 7.4% | 9.2% | 9.2% |
| 692 | (71) | 762 |  | 762 | EA, AU & PMI DF | 733 | (5.6)% | 4.0% | 4.0% |
| 450 | (7) | 456 |  | 456 | Americas | 417 | 7.8% | 9.4% | 9.4% |
| **$5591** | **$(418)** | **$6010** | **$1** | **$6009** | **Total Combustible Tobacco** | **$5767** | **(3.0)%** | **4.2%** | **4.2%** |
| **2022** | **2022** | **2022** | **2022** | **2022** | **Smoke-free excl. W&H** | **2021** | **% Change** | **% Change** | **% Change** |
| $1276 | $(202) | $1477 | $2 | $1475 | Europe | $1100 | 15.9% | 34.3% | 34.1% |
| 368 | 41 | 328 |  | 328 | SSEA, CIS & MEA | 271 | 36.1% | 21.0% | 21.0% |
| 715 | (106) | 822 |  | 822 | EA, AU & PMI DF | 945 | (24.3)% | (13.0)% | (13.0)% |
| 24 |  | 25 |  | 25 | Americas | 39 | (37.5)% | (36.4)% | (36.4)% |
| **$2384** | **$(268)** | **$2651** | **$2** | **$2649** | **Total Smoke-free excl. W&H** | **$2355** | **1.2%** | **12.6%** | **12.5%** |
| **2022** | **2022** | **2022** | **2022** | **2022** | **Wellness & Healthcare** | **2021** | **% Change** | **% Change** | **% Change** |
| **$57** | **$(1)** | **$58** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$47** | **$11** | **Wellness & Healthcare** | **$—** | **— %** | **— %** | **— %** |
| **2022** | **2022** | **2022** | **2022** | **2022** | **Smoke-free incl. W&H** | **2021** | **% Change** | **% Change** | **% Change** |
| **$2441** | **$(269)** | **$2709** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$49** | **$2660** | **Total Smoke-free incl. W&H** | **$2355** | **3.6%** | **15.1%** | **13.0%** |
| **2022** | **2022** | **2022** | **2022** | **2022** | **PMI** | **2021** | **% Change** | **% Change** | **% Change** |
| $3272 | $(502) | $3774 | $3 | $3771 | Europe | $3433 | (4.7)% | 9.9% | 9.8% |
| 2822 |  | 2822 |  | 2822 | SSEA, CIS & MEA | 2555 | 10.5% | 10.5% | 10.5% |
| 1407 | (177) | 1584 |  | 1584 | EA, AU & PMI DF | 1678 | (16.2)% | (5.6)% | (5.6)% |
| 474 | (7) | 481 |  | 481 | Americas | 456 | 3.9% | 5.5% | 5.5% |
| 57 | (1) | 58 | 47 | 11 | Wellness & Healthcare |  | —% | —% | —% |
| **$8032** | **$(687)** | **$8719** | **$50** | **$8669** | **Total PMI** | **$8122** | **(1.1)%** | **7.4%** | **6.7%** |
| Note: Sum of product categories or Regions might not foot to total PMI due to roundings. "-" indicates amounts between -$0.5 million and +$0.5 million. | Note: Sum of product categories or Regions might not foot to total PMI due to roundings. "-" indicates amounts between -$0.5 million and +$0.5 million. | Note: Sum of product categories or Regions might not foot to total PMI due to roundings. "-" indicates amounts between -$0.5 million and +$0.5 million. | Note: Sum of product categories or Regions might not foot to total PMI due to roundings. "-" indicates amounts between -$0.5 million and +$0.5 million. | Note: Sum of product categories or Regions might not foot to total PMI due to roundings. "-" indicates amounts between -$0.5 million and +$0.5 million. | Note: Sum of product categories or Regions might not foot to total PMI due to roundings. "-" indicates amounts between -$0.5 million and +$0.5 million. | Note: Sum of product categories or Regions might not foot to total PMI due to roundings. "-" indicates amounts between -$0.5 million and +$0.5 million. | Note: Sum of product categories or Regions might not foot to total PMI due to roundings. "-" indicates amounts between -$0.5 million and +$0.5 million. | Note: Sum of product categories or Regions might not foot to total PMI due to roundings. "-" indicates amounts between -$0.5 million and +$0.5 million. | Note: Sum of product categories or Regions might not foot to total PMI due to roundings. "-" indicates amounts between -$0.5 million and +$0.5 million. |

---

------

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | | | | | | | **Schedule 2 (4/5)** | **Schedule 2 (4/5)** |
| PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries |
| Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures |
| **Net Revenues by Product Category and Adjustments of Net Revenues for the Impact of Currency and Acquisitions** | **Net Revenues by Product Category and Adjustments of Net Revenues for the Impact of Currency and Acquisitions** | **Net Revenues by Product Category and Adjustments of Net Revenues for the Impact of Currency and Acquisitions** | **Net Revenues by Product Category and Adjustments of Net Revenues for the Impact of Currency and Acquisitions** | **Net Revenues by Product Category and Adjustments of Net Revenues for the Impact of Currency and Acquisitions** | **Net Revenues by Product Category and Adjustments of Net Revenues for the Impact of Currency and Acquisitions** | **Net Revenues by Product Category and Adjustments of Net Revenues for the Impact of Currency and Acquisitions** | **Net Revenues by Product Category and Adjustments of Net Revenues for the Impact of Currency and Acquisitions** | **Net Revenues by Product Category and Adjustments of Net Revenues for the Impact of Currency and Acquisitions** | **Net Revenues by Product Category and Adjustments of Net Revenues for the Impact of Currency and Acquisitions** |
| ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) |
| **Net<br>Revenues** | **Currency** | **Net Revenues excluding<br>Currency** | **Acquisitions** | **Net Revenues excluding Currency & Acquisitions** | **Quarters Ended<br>December 31** | **Net<br>Revenues** | **Total** | **Excluding Currency** | **Excluding Currency & Acquisitions** |
| **2022** | **2022** | **2022** | **2022** | **2022** | **Combustible Tobacco** | **2021** | **% Change** | **% Change** | **% Change** |
| $1698 | $(291) | $1989 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$— | $1989 | Europe | $2065 | (17.8)% | (3.7)% | (3.7)% |
| 2321 | (144) | 2465 |  | 2465 | SSEA, CIS & MEA | 2298 | 1.0% | 7.3% | 7.3% |
| 617 | (74) | 691 |  | 691 | EA, AU & PMI DF | 727 | (15.1)% | (4.9)% | (4.9)% |
| 508 | 2 | 506 |  | 506 | Americas | 490 | 3.6% | 3.3% | 3.3% |
| 70 |  | 70 | 70 |  | Swedish Match |  | —% | —% | —% |
| **$5214** | **$(508)** | **$5722** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$70** | **$5652** | **Total Combustible Tobacco** | **$5579** | **(6.6)%** | **2.6%** | **1.3%** |
| **2022** | **2022** | **2022** | **2022** | **2022** | **Smoke-free excl. W&H** | **2021** | **% Change** | **% Change** | **% Change** |
| $1366 | $(229) | $1595 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$— | $1595 | Europe | $1177 | 16.0% | 35.5% | 35.5% |
| 365 | 16 | 349 |  | 349 | SSEA, CIS & MEA | 315 | 15.7% | 10.6% | 10.6% |
| 861 | (147) | 1008 |  | 1008 | EA, AU & PMI DF | 898 | (4.1)% | 12.2% | 12.2% |
| 28 | (1) | 29 |  | 29 | Americas | 33 | (14.4)% | (12.1)% | (12.1)% |
| 246 |  | 246 | 246 |  | Swedish Match |  | —% | —% | —% |
| **$2866** | **$(360)** | **$3226** | **$246** | **$2980** | **Total Smoke-free excl. W&H** | **$2424** | **18.3%** | **33.1%** | **23.0%** |
| **2022** | **2022** | **2022** | **2022** | **2022** | **Wellness & Healthcare** | **2021** | **% Change** | **% Change** | **% Change** |
| **$72** | **$(10)** | **$82** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$—** | **$82** | **Wellness & Healthcare** | **$101** | **(28.7)%** | **(18.8)%** | **(18.8)%** |
| **2022** | **2022** | **2022** | **2022** | **2022** | **Smoke-free incl. W&H** | **2021** | **% Change** | **% Change** | **% Change** |
| **$2938** | **$(370)** | **$3308** | **$246** | **$3062** | **Total Smoke-free incl. W&H** | **$2525** | **16.4%** | **31.0%** | **21.3%** |
| **2022** | **2022** | **2022** | **2022** | **2022** | **PMI** | **2021** | **% Change** | **% Change** | **% Change** |
| $3064 | $(520) | $3584 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$— | $3584 | Europe | $3242 | (5.5)% | 10.5% | 10.5% |
| 2686 | (128) | 2814 |  | 2814 | SSEA, CIS & MEA | 2613 | 2.8% | 7.7% | 7.7% |
| 1478 | (221) | 1699 |  | 1699 | EA, AU & PMI DF | 1625 | (9.0)% | 4.6% | 4.6% |
| 536 | 1 | 535 |  | 535 | Americas | 523 | 2.5% | 2.3% | 2.3% |
| 316 |  | 316 | 316 |  | Swedish Match |  | —% | —% | —% |
| 72 | (10) | 82 |  | 82 | Wellness & Healthcare | 101 | (28.7)% | (18.8)% | (18.8)% |
| **$8152** | **$(878)** | **$9030** | **$316** | **$8714** | **Total PMI** | **$8104** | **0.6%** | **11.4%** | **7.5%** |
| Note: Sum of product categories or Regions might not foot to total PMI due to roundings. "-" indicates amounts between -$0.5 million and +$0.5 million. | Note: Sum of product categories or Regions might not foot to total PMI due to roundings. "-" indicates amounts between -$0.5 million and +$0.5 million. | Note: Sum of product categories or Regions might not foot to total PMI due to roundings. "-" indicates amounts between -$0.5 million and +$0.5 million. | Note: Sum of product categories or Regions might not foot to total PMI due to roundings. "-" indicates amounts between -$0.5 million and +$0.5 million. | Note: Sum of product categories or Regions might not foot to total PMI due to roundings. "-" indicates amounts between -$0.5 million and +$0.5 million. | Note: Sum of product categories or Regions might not foot to total PMI due to roundings. "-" indicates amounts between -$0.5 million and +$0.5 million. | Note: Sum of product categories or Regions might not foot to total PMI due to roundings. "-" indicates amounts between -$0.5 million and +$0.5 million. | Note: Sum of product categories or Regions might not foot to total PMI due to roundings. "-" indicates amounts between -$0.5 million and +$0.5 million. | Note: Sum of product categories or Regions might not foot to total PMI due to roundings. "-" indicates amounts between -$0.5 million and +$0.5 million. | Note: Sum of product categories or Regions might not foot to total PMI due to roundings. "-" indicates amounts between -$0.5 million and +$0.5 million. |

---

------

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | | | | | | | | **Schedule 2 (5/5)** | **Schedule 2 (5/5)** |
| PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries |
| Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures |
| **Net Revenues by Product Category and Adjustments of Net Revenues for the Impact of Currency and Acquisitions** | **Net Revenues by Product Category and Adjustments of Net Revenues for the Impact of Currency and Acquisitions** | **Net Revenues by Product Category and Adjustments of Net Revenues for the Impact of Currency and Acquisitions** | **Net Revenues by Product Category and Adjustments of Net Revenues for the Impact of Currency and Acquisitions** | **Net Revenues by Product Category and Adjustments of Net Revenues for the Impact of Currency and Acquisitions** | **Net Revenues by Product Category and Adjustments of Net Revenues for the Impact of Currency and Acquisitions** | **Net Revenues by Product Category and Adjustments of Net Revenues for the Impact of Currency and Acquisitions** | **Net Revenues by Product Category and Adjustments of Net Revenues for the Impact of Currency and Acquisitions** | **Net Revenues by Product Category and Adjustments of Net Revenues for the Impact of Currency and Acquisitions** | **Net Revenues by Product Category and Adjustments of Net Revenues for the Impact of Currency and Acquisitions** | **Net Revenues by Product Category and Adjustments of Net Revenues for the Impact of Currency and Acquisitions** |
| ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) |
| **Net<br>Revenues** | **Currency** | **Net Revenues excluding<br>Currency** | **Acquisitions** | **Net Revenues excluding Currency & Acquisitions** | **Full Year Ended<br>December 31** | **Net<br>Revenues** |  | **Total** | **Excluding Currency** | **Excluding Currency & Acquisitions** |
| **2022** | **2022** | **2022** | **2022** | **2022** | **Combustible Tobacco** | **2021** |  | **% Change** | **% Change** | **% Change** |
| $7694 | $(931) | $8624 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$— | $8624 | Europe | $8767 |  | (12.2)% | (1.6)% | (1.6)% |
| 9173 | (456) | 9629 |  | 9629 | SSEA, CIS & MEA | 8734 | (a) | 5.0% | 10.2% | 10.2% |
| 2831 | (243) | 3074 |  | 3074 | EA, AU & PMI DF | 2861 |  | (1.0)% | 7.5% | 7.5% |
| 1804 | (13) | 1818 |  | 1818 | Americas | 1706 |  | 5.8% | 6.5% | 6.5% |
| 70 |  | 70 | 70 |  | Swedish Match |  |  | —% | —% | —% |
| **$21572** | **$(1643)** | **$23214** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$70** | **$23144** | **Total Combustible Tobacco** | **$22067** |  | **(2.2)%** | **5.2%** | **4.9%** |
| **2022** | **2022** | **2022** | **2022** | **2022** | **Smoke-free excl. W&H** | **2021** |  | **% Change** | **% Change** | **% Change** |
| $5175 | $(645) | $5821 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$10 | $5811 | Europe | $4388 |  | 17.9% | 32.6% | 32.4% |
| 1294 | 37 | 1257 |  | 1257 | SSEA, CIS & MEA | 1124 |  | 15.1% | 11.8% | 11.8% |
| 3105 | (392) | 3497 |  | 3497 | EA, AU & PMI DF | 3587 |  | (13.5)% | (2.5)% | (2.5)% |
| 99 | (2) | 100 |  | 100 | Americas | 137 |  | (28.0)% | (26.8)% | (26.8)% |
| 246 |  | 246 | 246 |  | Swedish Match |  |  | —% | —% | —% |
| **$9919** | **$(1002)** | **$10922** | **$256** | **$10666** | **Total Smoke-free excl. W&H** | **$9237** |  | **7.4%** | **18.2%** | **15.5%** |
| **2022** | **2022** | **2022** | **2022** | **2022** | **Wellness & Healthcare** | **2021** |  | **% Change** | **% Change** | **% Change** |
| **$271** | **$(11)** | **$282** | **$189** | **$93** | **Wellness & Healthcare** | **$101** |  | **+100%** | **+100%** | **(7.9)%** |
| **2022** | **2022** | **2022** | **2022** | **2022** | **Smoke-free incl. W&H** | **2021** |  | **% Change** | **% Change** | **% Change** |
| **$10190** | **$(1013)** | **$11204** | **$445** | **$10759** | **Total Smoke-free incl. W&H** | **$9338** |  | **9.1%** | **20.0%** | **15.2%** |
| **2022** | **2022** | **2022** | **2022** | **2022** | **PMI** | **2021** |  | **% Change** | **% Change** | **% Change** |
| $12869 | $(1576) | $14445 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$10 | $14435 | Europe | $13155 |  | (2.2)% | 9.8% | 9.7% |
| 10467 | (419) | 10886 |  | 10886 | SSEA, CIS & MEA | 9858 | (a) | 6.2% | 10.4% | 10.4% |
| 5936 | (635) | 6571 |  | 6571 | EA, AU & PMI DF | 6448 |  | (7.9)% | 1.9% | 1.9% |
| 1903 | (15) | 1918 |  | 1918 | Americas | 1843 |  | 3.3% | 4.1% | 4.1% |
| 316 |  | 316 | 316 |  | Swedish Match |  |  | —% | —% | —% |
| 271 | (11) | 282 | 189 | 93 | Wellness & Healthcare | 101 |  | +100% | +100% | (7.9)% |
| **$31762** | **$(2656)** | **$34418** | **$515** | **$33903** | **Total PMI** | **$31405** |  | **1.1%** | **9.6%** | **8.0%** |
| (a) Includes a reduction in net revenues of $246 million related to the Saudi Arabia customs assessment | (a) Includes a reduction in net revenues of $246 million related to the Saudi Arabia customs assessment | (a) Includes a reduction in net revenues of $246 million related to the Saudi Arabia customs assessment | (a) Includes a reduction in net revenues of $246 million related to the Saudi Arabia customs assessment | (a) Includes a reduction in net revenues of $246 million related to the Saudi Arabia customs assessment | (a) Includes a reduction in net revenues of $246 million related to the Saudi Arabia customs assessment | (a) Includes a reduction in net revenues of $246 million related to the Saudi Arabia customs assessment | (a) Includes a reduction in net revenues of $246 million related to the Saudi Arabia customs assessment | (a) Includes a reduction in net revenues of $246 million related to the Saudi Arabia customs assessment | (a) Includes a reduction in net revenues of $246 million related to the Saudi Arabia customs assessment | (a) Includes a reduction in net revenues of $246 million related to the Saudi Arabia customs assessment |
| Note: Sum of product categories or Regions might not foot to total PMI due to roundings. "-" indicates amounts between -$0.5 million and +$0.5 million. | Note: Sum of product categories or Regions might not foot to total PMI due to roundings. "-" indicates amounts between -$0.5 million and +$0.5 million. | Note: Sum of product categories or Regions might not foot to total PMI due to roundings. "-" indicates amounts between -$0.5 million and +$0.5 million. | Note: Sum of product categories or Regions might not foot to total PMI due to roundings. "-" indicates amounts between -$0.5 million and +$0.5 million. | Note: Sum of product categories or Regions might not foot to total PMI due to roundings. "-" indicates amounts between -$0.5 million and +$0.5 million. | Note: Sum of product categories or Regions might not foot to total PMI due to roundings. "-" indicates amounts between -$0.5 million and +$0.5 million. | Note: Sum of product categories or Regions might not foot to total PMI due to roundings. "-" indicates amounts between -$0.5 million and +$0.5 million. | Note: Sum of product categories or Regions might not foot to total PMI due to roundings. "-" indicates amounts between -$0.5 million and +$0.5 million. | Note: Sum of product categories or Regions might not foot to total PMI due to roundings. "-" indicates amounts between -$0.5 million and +$0.5 million. | Note: Sum of product categories or Regions might not foot to total PMI due to roundings. "-" indicates amounts between -$0.5 million and +$0.5 million. | Note: Sum of product categories or Regions might not foot to total PMI due to roundings. "-" indicates amounts between -$0.5 million and +$0.5 million. |

---

------

---

| | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | | | | | | | | | | | **Schedule 3** | **Schedule 3** |
| PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries |
| Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures |
| **Reconciliation of Net Revenues to Adjusted Net Revenues, excluding Currency and Acquisitions** | **Reconciliation of Net Revenues to Adjusted Net Revenues, excluding Currency and Acquisitions** | **Reconciliation of Net Revenues to Adjusted Net Revenues, excluding Currency and Acquisitions** | **Reconciliation of Net Revenues to Adjusted Net Revenues, excluding Currency and Acquisitions** | **Reconciliation of Net Revenues to Adjusted Net Revenues, excluding Currency and Acquisitions** | **Reconciliation of Net Revenues to Adjusted Net Revenues, excluding Currency and Acquisitions** | **Reconciliation of Net Revenues to Adjusted Net Revenues, excluding Currency and Acquisitions** | **Reconciliation of Net Revenues to Adjusted Net Revenues, excluding Currency and Acquisitions** | **Reconciliation of Net Revenues to Adjusted Net Revenues, excluding Currency and Acquisitions** | **Reconciliation of Net Revenues to Adjusted Net Revenues, excluding Currency and Acquisitions** | **Reconciliation of Net Revenues to Adjusted Net Revenues, excluding Currency and Acquisitions** | **Reconciliation of Net Revenues to Adjusted Net Revenues, excluding Currency and Acquisitions** | **Reconciliation of Net Revenues to Adjusted Net Revenues, excluding Currency and Acquisitions** | **Reconciliation of Net Revenues to Adjusted Net Revenues, excluding Currency and Acquisitions** |
| ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) |
| **Net<br>Revenues** | **Special Items** | **Adjusted Net<br>Revenues** | **Currency** | **Adjusted Net<br>Revenues excluding Currency** | **Acqui-<br>sitions** | **Adjusted <br>Net<br>Revenues excluding Currency <br>& Acqui-<br>sitions** |  | **Net<br>Revenues** | **Special Items (a)** | **Adjusted Net<br>Revenues** | **Total** | **Excluding Currency** | **Excluding Currency<br>& Acqui-<br>sitions** |
| **2022** | **2022** | **2022** | **2022** | **2022** | **2022** | **2022** | **Quarters Ended<br>June 30,** | **2021** | **2021** | **2021** | **% Change** | **% Change** | **% Change** |
| $3309 | $— | $3309 | $(343) | $3652 | $3 | $3649 | Europe | $3358 | $— | $3358 | (1.5)% | 8.8% | 8.7% |
| 2514 |  | 2514 | (37) | 2551 |  | 2551 | SSEA, CIS & MEA | 2204 | (246) | 2450 | 2.6% | 4.1% | 4.1% |
| 1464 |  | 1464 | (125) | 1589 |  | 1589 | EA, AU & PMI DF | 1602 |  | 1602 | (8.6)% | (0.8)% | (0.8)% |
| 469 |  | 469 | 4 | 465 |  | 465 | Americas | 430 |  | 430 | 9.1% | 8.1% | 8.1% |
|  |  |  |  |  |  |  | Swedish Match |  |  |  | —% | —% | —% |
| 76 |  | 76 |  | 76 | 76 |  | Wellness & Healthcare |  |  |  | —% | —% | —% |
| **$7832** | **$—** | **$7832** | **$(501)** | **$8333** | **$79** | **$8254** | **Total PMI** | **$7594** | **$(246)** | **$7840** | **(0.1)%** | **6.3%** | **5.3%** |
| **2022** | **2022** | **2022** | **2022** | **2022** | **2022** | **2022** | **Years Ended<br>December 31,** | **2021** | **2021** | **2021** | **% Change** | **% Change** | **% Change** |
| $12869 | $— | $12869 | $(1576) | $14445 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$10 | $14435 | Europe | $13155 | $— | $13155 | (2.2)% | 9.8% | 9.7% |
| 10467 |  | 10467 | (419) | 10886 |  | 10886 | SSEA, CIS & MEA | 9858 | (246) | 10104 | 3.6% | 7.7% | 7.7% |
| 5936 |  | 5936 | (635) | 6571 |  | 6571 | EA, AU & PMI DF | 6448 |  | 6448 | (7.9)% | 1.9% | 1.9% |
| 1903 |  | 1903 | (15) | 1918 |  | 1918 | Americas | 1843 |  | 1843 | 3.3% | 4.1% | 4.1% |
| 316 |  | 316 |  | 316 | 316 |  | Swedish Match |  |  |  | —% | —% | —% |
| 271 |  | 271 | (11) | 282 | 189 | 93 | Wellness & Healthcare | 101 |  | 101 | +100% | +100% | (7.9)% |
| **$31762** | **$—** | **$31762** | **$(2656)** | **$34418** | **$515** | **$33903** | **Total PMI** | **$31405** | **$(246)** | **$31651** | **0.4%** | **8.7%** | **7.1%** |
| (a) Represents the reduction in net revenues of $246 million related to the Saudi Arabia customs assessment impacting only second quarter and full-year | (a) Represents the reduction in net revenues of $246 million related to the Saudi Arabia customs assessment impacting only second quarter and full-year | (a) Represents the reduction in net revenues of $246 million related to the Saudi Arabia customs assessment impacting only second quarter and full-year | (a) Represents the reduction in net revenues of $246 million related to the Saudi Arabia customs assessment impacting only second quarter and full-year | (a) Represents the reduction in net revenues of $246 million related to the Saudi Arabia customs assessment impacting only second quarter and full-year | (a) Represents the reduction in net revenues of $246 million related to the Saudi Arabia customs assessment impacting only second quarter and full-year | (a) Represents the reduction in net revenues of $246 million related to the Saudi Arabia customs assessment impacting only second quarter and full-year | (a) Represents the reduction in net revenues of $246 million related to the Saudi Arabia customs assessment impacting only second quarter and full-year | (a) Represents the reduction in net revenues of $246 million related to the Saudi Arabia customs assessment impacting only second quarter and full-year | (a) Represents the reduction in net revenues of $246 million related to the Saudi Arabia customs assessment impacting only second quarter and full-year | (a) Represents the reduction in net revenues of $246 million related to the Saudi Arabia customs assessment impacting only second quarter and full-year | (a) Represents the reduction in net revenues of $246 million related to the Saudi Arabia customs assessment impacting only second quarter and full-year | (a) Represents the reduction in net revenues of $246 million related to the Saudi Arabia customs assessment impacting only second quarter and full-year | (a) Represents the reduction in net revenues of $246 million related to the Saudi Arabia customs assessment impacting only second quarter and full-year |

---

------

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | | | | | | | **Schedule 4 (1/2)** | **Schedule 4 (1/2)** |
| PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries |
| Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures |
| **Adjustments of Operating Income for the Impact of Currency and Acquisitions** | **Adjustments of Operating Income for the Impact of Currency and Acquisitions** | **Adjustments of Operating Income for the Impact of Currency and Acquisitions** | **Adjustments of Operating Income for the Impact of Currency and Acquisitions** | **Adjustments of Operating Income for the Impact of Currency and Acquisitions** | **Adjustments of Operating Income for the Impact of Currency and Acquisitions** | **Adjustments of Operating Income for the Impact of Currency and Acquisitions** | **Adjustments of Operating Income for the Impact of Currency and Acquisitions** | **Adjustments of Operating Income for the Impact of Currency and Acquisitions** | **Adjustments of Operating Income for the Impact of Currency and Acquisitions** |
| ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) |
| **Operating Income** | **Currency** | **Operating Income excluding Currency** | **Acquisitions** | **Operating Income excluding Currency & Acquisitions** |  | **Operating Income** | **Total** | **Excluding Currency** | **Excluding Currency & Acquisitions** |
| **2022** | **2022** | **2022** | **2022** | **2022** | **Quarters Ended<br>March 31** | **2021** | **% Change** | **% Change** | **% Change** |
| $1558 | $(148) | $1706 | $(2) | $1708 | Europe | $1573 | (1.0)% | 8.5% | 8.6% |
| 965 | (193) | 1158 |  | 1158 | SSEA, CIS & MEA | 1011 | (4.5)% | 14.5% | 14.5% |
| 685 | (72) | 757 |  | 757 | EA, AU & PMI DF | 726 | (5.6)% | 4.3% | 4.3% |
| 121 | (2) | 123 |  | 123 | Americas | 134 | (9.7)% | (8.2)% | (8.2)% |
| (31) |  | (31) | (24) | (7) | Wellness & Healthcare |  | —% | —% | —% |
| **$3298** | **$(415)** | **$3713** | **$(26)** | **$3739** | **Total PMI** | **$3444** | **(4.2)%** | **7.8%** | **8.6%** |
| **2022** | **2022** | **2022** | **2022** | **2022** | **Quarters Ended<br>June 30** | **2021** | **% Change** | **% Change** | **% Change** |
| $1474 | $(258) | $1732 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$— | $1732 | Europe | $1713 | (14.0)% | 1.1% | 1.1% |
| 958 | 46 | 912 |  | 912 | SSEA, CIS & MEA | 552 | 73.6% | 65.2% | 65.2% |
| 528 | (91) | 619 |  | 619 | EA, AU & PMI DF | 752 | (29.8)% | (17.7)% | (17.7)% |
| 130 | 4 | 126 |  | 126 | Americas | 112 | 16.1% | 12.5% | 12.5% |
| (34) |  | (34) | (24) | (10) | Wellness & Healthcare |  | —% | —% | —% |
| **$3056** | **$(299)** | **$3355** | **$(24)** | **$3379** | **Total PMI** | **$3129** | **(2.3)%** | **7.2%** | **8.0%** |
| **2022** | **2022** | **2022** | **2022** | **2022** | **Quarters Ended<br>September 30** | **2021** | **% Change** | **% Change** | **% Change** |
| $1415 | $(351) | $1766 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$— | $1766 | Europe | $1770 | (20.1)% | (0.2)% | (0.2)% |
| 1086 | 69 | 1017 |  | 1017 | SSEA, CIS & MEA | 888 | 22.3% | 14.5% | 14.5% |
| 533 | (100) | 633 |  | 633 | EA, AU & PMI DF | 727 | (26.7)% | (12.9)% | (12.9)% |
| 85 | 2 | 83 |  | 83 | Americas | 121 | (29.8)% | (31.4)% | (31.4)% |
| (151) | 2 | (153) | (24) | (129) | Wellness & Healthcare | (51) | -(100)% | -(100)% | -(100)% |
| **$2968** | **$(378)** | **$3346** | **$(24)** | **$3370** | **Total PMI** | **$3455** | **(14.1)%** | **(3.2)%** | **(2.5)%** |

---

------

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | | | | | | | **Schedule 4 (2/2)** | **Schedule 4 (2/2)** |
| PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries |
| Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures |
| **Adjustments of Operating Income for the Impact of Currency and Acquisitions** | **Adjustments of Operating Income for the Impact of Currency and Acquisitions** | **Adjustments of Operating Income for the Impact of Currency and Acquisitions** | **Adjustments of Operating Income for the Impact of Currency and Acquisitions** | **Adjustments of Operating Income for the Impact of Currency and Acquisitions** | **Adjustments of Operating Income for the Impact of Currency and Acquisitions** | **Adjustments of Operating Income for the Impact of Currency and Acquisitions** | **Adjustments of Operating Income for the Impact of Currency and Acquisitions** | **Adjustments of Operating Income for the Impact of Currency and Acquisitions** | **Adjustments of Operating Income for the Impact of Currency and Acquisitions** |
| ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) |
| **Operating Income** | **Currency** | **Operating Income excluding Currency** | **Acquisitions** | **Operating Income excluding Currency & Acquisitions** |  | **Operating Income** | **Total** | **Excluding Currency** | **Excluding Currency & Acquisitions** |
| **2022** | **2022** | **2022** | **2022** | **2022** | **Quarters Ended<br>December 31** | **2021** | **% Change** | **% Change** | **% Change** |
| $1355 | $(272) | $1627 | $— | $1627 | Europe | $1353 | 0.1% | 20.3% | 20.3% |
| 855 | (21) | 876 |  | 876 | SSEA, CIS & MEA | 844 | 1.3% | 3.8% | 3.8% |
| 678 | (113) | 791 |  | 791 | EA, AU & PMI DF | 631 | 7.4% | 25.4% | 25.4% |
| 100 | (15) | 115 |  | 115 | Americas | 120 | (16.7)% | (4.2)% | (4.2)% |
| (22) |  | (22) | (22) |  | Swedish Match |  | —% | —% | —% |
| (42) | 6 | (48) |  | (48) | Wellness & Healthcare | (1) | -(100)% | -(100)% | -(100)% |
| **$2924** | **$(415)** | **$3339** | **$(22)** | **$3361** | **Total PMI** | **$2947** | **(0.8)%** | **13.3%** | **14.0%** |
| **2022** | **2022** | **2022** | **2022** | **2022** | **Full Year Ended<br>December 31** | **2021** | **% Change** | **% Change** | **% Change** |
| $5802 | $(1029) | $6831 | $(2) | $6833 | Europe | $6409 | (9.5)% | 6.6% | 6.6% |
| 3864 | (99) | 3963 |  | 3963 | SSEA, CIS & MEA | 3295 | 17.3% | 20.3% | 20.3% |
| 2424 | (376) | 2800 |  | 2800 | EA, AU & PMI DF | 2836 | (14.5)% | (1.3)% | (1.3)% |
| 436 | (11) | 447 |  | 447 | Americas | 487 | (10.5)% | (8.2)% | (8.2)% |
| (22) |  | (22) | (22) |  | Swedish Match |  | —% | —% | —% |
| (258) | 8 | (266) | (72) | (194) | Wellness & Healthcare | (52) | -(100)% | -(100)% | -(100)% |
| **$12246** | **$(1507)** | **$13753** | **$(96)** | **$13849** | **Total PMI** | **$12975** | **(5.6)%** | **6.0%** | **6.7%** |

---

------

---

| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | | | | | | | | | | | | **Schedule 5** | **Schedule 5** | **Schedule 5** |
| PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries |  |
| **Net Revenues and Operating Income: Price, Volume/Mix and Cost/Other Variances** | **Net Revenues and Operating Income: Price, Volume/Mix and Cost/Other Variances** | **Net Revenues and Operating Income: Price, Volume/Mix and Cost/Other Variances** | **Net Revenues and Operating Income: Price, Volume/Mix and Cost/Other Variances** | **Net Revenues and Operating Income: Price, Volume/Mix and Cost/Other Variances** | **Net Revenues and Operating Income: Price, Volume/Mix and Cost/Other Variances** | **Net Revenues and Operating Income: Price, Volume/Mix and Cost/Other Variances** | **Net Revenues and Operating Income: Price, Volume/Mix and Cost/Other Variances** | **Net Revenues and Operating Income: Price, Volume/Mix and Cost/Other Variances** | **Net Revenues and Operating Income: Price, Volume/Mix and Cost/Other Variances** | **Net Revenues and Operating Income: Price, Volume/Mix and Cost/Other Variances** | **Net Revenues and Operating Income: Price, Volume/Mix and Cost/Other Variances** | **Net Revenues and Operating Income: Price, Volume/Mix and Cost/Other Variances** | **Net Revenues and Operating Income: Price, Volume/Mix and Cost/Other Variances** | **Net Revenues and Operating Income: Price, Volume/Mix and Cost/Other Variances** |  |
| ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) |  |
|  | **2022 vs. 2021** | **2022 vs. 2021** | **2022 vs. 2021** | **2022 vs. 2021** | **2022 vs. 2021** | **2022 vs. 2021** | **2022 vs. 2021** | **2022 vs. 2021** | **2022 vs. 2021** | **2022 vs. 2021** | **2022 vs. 2021** | **2022 vs. 2021** | **2022 vs. 2021** | **2022 vs. 2021** |  |
|  | **Quarters<br>Ended March 31** | **Quarters<br>Ended March 31** | **Quarters<br>Ended March 31** | **Quarters<br>Ended June 30** | **Quarters<br>Ended June 30** | **Quarters<br>Ended June 30** | **Quarters<br>Ended September 30** | **Quarters<br>Ended September 30** | **Quarters<br>Ended September 30** | **Quarters<br>Ended December 31** | **Quarters<br>Ended December 31** | **Quarters<br>Ended December 31** | **Full Year<br>Ended December 31** | **Full Year<br>Ended December 31** | **Full Year<br>Ended December 31** |
|  | **Price** | **Volume/Mix** | **Cost/Other** | **Price** | **Volume/Mix** | **Cost/Other** | **Price** | **Volume/Mix** | **Cost/Other** | **Price** | **Volume/Mix** | **Cost/Other** | **Price** | **Volume/Mix** | **Cost/Other** |
| **Net Revenues** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Europe | $(11) | $320 | $— | $(31) | $322 | $— | $8 | $330 | $— | $(88) | $430 | $— | $(122) | $1402 | $— |
| SSEA, CIS & MEA | 72 | 130 | 11 | 120 | (23) | 250 | 190 | 61 | 16 | 200 | 25 | (24) | 582 | 193 | 253 |
| EA, AU & PMI DF | 28 | 128 |  | 29 | (42) |  | (23) | (71) |  | (58) | 132 |  | (24) | 147 |  |
| Americas | 19 | (16) |  | 24 | 8 | 3 | 30 | (4) | (1) | 29 | (11) | (6) | 102 | (23) | (4) |
| Wellness & Healthcare |  |  |  |  |  |  | 11 |  |  | (21) |  | 2 | (10) |  | 2 |
| **Total PMI** | **$108** | **$562** | **$11** | **$142** | **$265** | **$253** | **$216** | **$316** | **$15** | **$62** | **$576** | **$(28)** | **$528** | **$1719** | **$251** |
| **Operating Income** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Europe | $(11) | $222 | $(76) | $(31) | $199 | $(149) | $8 | $212 | $(224) | $(88) | $285 | $77 | $(122) | $918 | $(372) |
| SSEA, CIS & MEA | 72 | 69 | 6 | 120 | (55) | 295 | 190 | (34) | (27) | 200 | (92) | (76) | 582 | (112) | 198 |
| EA, AU & PMI DF | 28 | (18) | 21 | 29 | (162) |  | (23) | (53) | (18) | (58) | 63 | 155 | (24) | (170) | 158 |
| Americas | 19 | (9) | (21) | 24 | 1 | (11) | 30 | 3 | (71) | 29 | (1) | (33) | 102 | (6) | (136) |
| Wellness & Healthcare |  |  | (7) |  |  | (10) | 11 |  | (89) | (21) |  | (26) | (10) |  | (132) |
| **Total PMI** | **$108** | **$264** | **$(77)** | **$142** | **$(17)** | **$125** | **$216** | **$128** | **$(429)** | **$62** | **$255** | **$97** | **$528** | **$630** | **$(284)** |

---

------

---

| | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | | | | | | | | | | | **Schedule 6 (1/2)** | **Schedule 6 (1/2)** |
| PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries |
| Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures |
| **Reconciliation of Operating Income to Adjusted Operating Income, excluding Currency and Acquisitions** | **Reconciliation of Operating Income to Adjusted Operating Income, excluding Currency and Acquisitions** | **Reconciliation of Operating Income to Adjusted Operating Income, excluding Currency and Acquisitions** | **Reconciliation of Operating Income to Adjusted Operating Income, excluding Currency and Acquisitions** | **Reconciliation of Operating Income to Adjusted Operating Income, excluding Currency and Acquisitions** | **Reconciliation of Operating Income to Adjusted Operating Income, excluding Currency and Acquisitions** | **Reconciliation of Operating Income to Adjusted Operating Income, excluding Currency and Acquisitions** | **Reconciliation of Operating Income to Adjusted Operating Income, excluding Currency and Acquisitions** | **Reconciliation of Operating Income to Adjusted Operating Income, excluding Currency and Acquisitions** | **Reconciliation of Operating Income to Adjusted Operating Income, excluding Currency and Acquisitions** | **Reconciliation of Operating Income to Adjusted Operating Income, excluding Currency and Acquisitions** | **Reconciliation of Operating Income to Adjusted Operating Income, excluding Currency and Acquisitions** | **Reconciliation of Operating Income to Adjusted Operating Income, excluding Currency and Acquisitions** | **Reconciliation of Operating Income to Adjusted Operating Income, excluding Currency and Acquisitions** |
| ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) |
| **Operating Income** | **Special Items (a)** | **Adjusted Operating Income** | **Currency** | **Adjusted Operating Income excluding Currency** | **Acquisitions** | **Adjusted Operating Income excluding Currency & Acquisitions** |  | **Operating Income** | **Special Items (a)** | **Adjusted Operating Income** | **Total** | **Excluding Currency** | **Excluding Currency & Acquisitions** |
| **2022** | **2022** | **2022** | **2022** | **2022** | **2022** | **2022** | **Quarters Ended<br>March 31** | **2021** | **2021** | **2021** | **% Change** | **% Change** | **% Change** |
| $1558 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$(52) | $1610 | $(148) | $1758 | $(2) | $1760 | Europe | $1573 | $(19) | $1592 | 1.1% | 10.4% | 10.5% |
| 965 | (6) | 971 | (193) | 1164 |  | 1164 | SSEA, CIS & MEA | 1011 | (12) | 1023 | (5.1)% | 13.8% | 13.8% |
| 685 | (1) | 686 | (72) | 758 |  | 758 | EA, AU & PMI DF | 726 | (32) | 758 | (9.5)% | —% | —% |
| 121 | (2) | 123 | (2) | 125 |  | 125 | Americas | 134 | (3) | 137 | (10.2)% | (8.8)% | (8.8)% |
| (31) | (19) | (12) |  | (12) | (5) | (7) | Wellness & Healthcare |  |  |  | —% | —% | —% |
| **$3298** | **$(80)** | **$3378** | **$(415)** | **$3793** | **$(7)** | **$3800** | **Total PMI** | **$3444** | **$(66)** | **$3510** | **(3.8)%** | **8.1%** | **8.3%** |
| **2022** | **2022** | **2022** | **2022** | **2022** | **2022** | **2022** | **Quarters Ended<br>June 30** | **2021** | **2021** | **2021** | **% Change** | **% Change** | **% Change** |
| $1474 | $(113) | $1587 | $(258) | $1845 | $— | $1845 | Europe | $1713 | $(45) | $1758 | (9.7)% | 4.9% | 4.9% |
| 958 | (21) | 979 | 46 | 933 |  | 933 | SSEA, CIS & MEA | 552 | (274) | 826 | 18.5% | 13.0% | 13.0% |
| 528 | (12) | 540 | (91) | 631 |  | 631 | EA, AU & PMI DF | 752 | (18) | 770 | (29.9)% | (18.1)% | (18.1)% |
| 130 | (4) | 134 | 4 | 130 |  | 130 | Americas | 112 | (7) | 119 | 12.6% | 9.2% | 9.2% |
| (34) | (18) | (16) |  | (16) | (6) | (10) | Wellness & Healthcare |  |  |  | —% | —% | —% |
| **$3056** | **$(168)** | **$3224** | **$(299)** | **$3523** | **$(6)** | **$3529** | **Total PMI** | **$3129** | **$(344)** | **$3473** | **(7.2)%** | **1.4%** | **1.6%** |
| **2022** | **2022** | **2022** | **2022** | **2022** | **2022** | **2022** | **Quarters Ended<br>September 30** | **2021** | **2021** | **2021** | **% Change** | **% Change** | **% Change** |
| $1415 | $(115) | $1530 | $(351) | $1881 | $— | $1881 | Europe | $1770 | $(22) | $1792 | (14.6)% | 5.0% | 5.0% |
| 1086 | (67) | 1153 | 69 | 1084 |  | 1084 | SSEA, CIS & MEA | 888 | (14) | 902 | 27.8% | 20.2% | 20.2% |
| 533 | (46) | 579 | (100) | 679 |  | 679 | EA, AU & PMI DF | 727 | (22) | 749 | (22.7)% | (9.3)% | (9.3)% |
| 85 | (13) | 98 | 2 | 96 |  | 96 | Americas | 121 | (3) | 124 | (21.0)% | (22.6)% | (22.6)% |
| (151) | (121) | (30) | 2 | (32) | (17) | (15) | Wellness & Healthcare | (51) | (51) |  | —% | —% | —% |
| **$2968** | **$(362)** | **$3330** | **$(378)** | **$3708** | **$(17)** | **$3725** | **Total PMI** | **$3455** | **$(112)** | **$3567** | **(6.6)%** | **4.0%** | **4.4%** |
| (a) For details on Special Items, refer to Schedule 7 | (a) For details on Special Items, refer to Schedule 7 | (a) For details on Special Items, refer to Schedule 7 | (a) For details on Special Items, refer to Schedule 7 | (a) For details on Special Items, refer to Schedule 7 | (a) For details on Special Items, refer to Schedule 7 | (a) For details on Special Items, refer to Schedule 7 | (a) For details on Special Items, refer to Schedule 7 | (a) For details on Special Items, refer to Schedule 7 | (a) For details on Special Items, refer to Schedule 7 | (a) For details on Special Items, refer to Schedule 7 | (a) For details on Special Items, refer to Schedule 7 | (a) For details on Special Items, refer to Schedule 7 | (a) For details on Special Items, refer to Schedule 7 |

---

------

---

| | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | | | | | | | | | | | **Schedule 6 (2/2)** | **Schedule 6 (2/2)** |
| PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries |
| Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures |
| **Reconciliation of Operating Income to Adjusted Operating Income, excluding Currency and Acquisitions** | **Reconciliation of Operating Income to Adjusted Operating Income, excluding Currency and Acquisitions** | **Reconciliation of Operating Income to Adjusted Operating Income, excluding Currency and Acquisitions** | **Reconciliation of Operating Income to Adjusted Operating Income, excluding Currency and Acquisitions** | **Reconciliation of Operating Income to Adjusted Operating Income, excluding Currency and Acquisitions** | **Reconciliation of Operating Income to Adjusted Operating Income, excluding Currency and Acquisitions** | **Reconciliation of Operating Income to Adjusted Operating Income, excluding Currency and Acquisitions** | **Reconciliation of Operating Income to Adjusted Operating Income, excluding Currency and Acquisitions** | **Reconciliation of Operating Income to Adjusted Operating Income, excluding Currency and Acquisitions** | **Reconciliation of Operating Income to Adjusted Operating Income, excluding Currency and Acquisitions** | **Reconciliation of Operating Income to Adjusted Operating Income, excluding Currency and Acquisitions** | **Reconciliation of Operating Income to Adjusted Operating Income, excluding Currency and Acquisitions** | **Reconciliation of Operating Income to Adjusted Operating Income, excluding Currency and Acquisitions** | **Reconciliation of Operating Income to Adjusted Operating Income, excluding Currency and Acquisitions** |
| ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) |
| **Operating Income** | **Special Items (a)** | **Adjusted Operating Income** | **Currency** | **Adjusted Operating Income excluding Currency** | **Acquisitions** | **Adjusted Operating Income excluding Currency & Acquisitions** |  | **Operating Income** | **Special Items (a)** | **Adjusted Operating Income** | **Total** | **Excluding Currency** | **Excluding Currency & Acquisitions** |
| **2022** | **2022** | **2022** | **2022** | **2022** | **2022** | **2022** | **Quarters Ended<br>December 31** | **2021** | **2021** | **2021** | **% Change** | **% Change** | **% Change** |
| $1355 | $38 | $1317 | $(272) | $1589 | $— | $1589 | Europe | $1353 | $(23) | $1376 | (4.3)% | 15.5% | 15.5% |
| 855 | 38 | 817 | (21) | 838 |  | 838 | SSEA, CIS & MEA | 844 | (19) | 863 | (5.3)% | (2.9)% | (2.9)% |
| 678 | 31 | 647 | (113) | 760 |  | 760 | EA, AU & PMI DF | 631 | (23) | 654 | (1.1)% | 16.2% | 16.2% |
| 100 | 5 | 95 | (15) | 110 |  | 110 | Americas | 120 | (4) | 124 | (23.4)% | (11.3)% | (11.3)% |
| (22) | (151) | 129 |  | 129 | 129 |  | Swedish Match |  |  |  | —% | —% | —% |
| (42) | (13) | (29) | 6 | (35) |  | (35) | Wellness & Healthcare | (1) | (18) | 17 | (100.0)% | (100.0)% | (100.0)% |
| **$2924** | **$(52)** | **$2976** | **$(415)** | **$3391** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$129** | **$3262** | **Total PMI** | **$2947** | **$(87)** | **$3034** | **(1.9)%** | **11.8%** | **7.5%** |
| **2022** | **2022** | **2022** | **2022** | **2022** | **2022** | **2022** | **Full Year Ended<br>December 31** | **2021** | **2021** | **2021** | **% Change** | **% Change** | **% Change** |
| $5802 | $(242) | $6044 | $(1029) | $7073 | $(2) | $7075 | Europe | $6409 | $(109) | $6518 | (7.3)% | 8.5% | 8.5% |
| 3864 | (56) | 3920 | (99) | 4019 |  | 4019 | SSEA, CIS & MEA | 3295 | (319) | 3614 | 8.5% | 11.2% | 11.2% |
| 2424 | (28) | 2452 | (376) | 2828 |  | 2828 | EA, AU & PMI DF | 2836 | (95) | 2931 | (16.3)% | (3.5)% | (3.5)% |
| 436 | (14) | 450 | (11) | 461 |  | 461 | Americas | 487 | (17) | 504 | (10.7)% | (8.5)% | (8.5)% |
| (22) | (151) | 129 |  | 129 | 129 |  | Swedish Match |  |  |  | —% | —% | —% |
| (258) | (171) | (87) | 8 | (95) | (28) | (67) | Wellness & Healthcare | (52) | (69) | 17 | (100.0)% | (100.0)% | (100.0)% |
| **$12246** | **$(662)** | **$12908** | **$(1507)** | **$14415** | **$99** | **$14316** | **Total PMI** | **$12975** | **$(609)** | **$13584** | **(5.0)%** | **6.1%** | **5.4%** |
| (a) For details on Special Items, refer to Schedule 7 | (a) For details on Special Items, refer to Schedule 7 | (a) For details on Special Items, refer to Schedule 7 | (a) For details on Special Items, refer to Schedule 7 | (a) For details on Special Items, refer to Schedule 7 | (a) For details on Special Items, refer to Schedule 7 | (a) For details on Special Items, refer to Schedule 7 | (a) For details on Special Items, refer to Schedule 7 | (a) For details on Special Items, refer to Schedule 7 | (a) For details on Special Items, refer to Schedule 7 | (a) For details on Special Items, refer to Schedule 7 | (a) For details on Special Items, refer to Schedule 7 | (a) For details on Special Items, refer to Schedule 7 | (a) For details on Special Items, refer to Schedule 7 |

---

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | | | | | **Schedule 7 (1/4)** |
| PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries |
| Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures |
| **Reconciliation of Reported Operating Income to Adjusted Operating Income** | **Reconciliation of Reported Operating Income to Adjusted Operating Income** | **Reconciliation of Reported Operating Income to Adjusted Operating Income** | **Reconciliation of Reported Operating Income to Adjusted Operating Income** | **Reconciliation of Reported Operating Income to Adjusted Operating Income** | **Reconciliation of Reported Operating Income to Adjusted Operating Income** |
| ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) |
|  | **Quarter<br>Ended March 31** | **Quarter<br>Ended June 30,** | **Quarter<br>Ended September 30** | **Quarter<br>Ended December 31** | **Full Year<br>Ended December 31** |
|  | **2022** | **2022** | **2022** | **2022** | **2022** |
| **PMI** |  |  |  |  |  |
| **Reported Operating Income** | **$3298** | **$3056** | **$2968** | **$2924** | **$12246** |
| Amortization and impairment of intangibles | (38) | (36) | (139) | (58) | (271) |
| Cost associated to Swedish Match AB offer |  | (52) | (217) | 154 | (115) |
| Swedish Match AB acquisition accounting related item |  |  |  | (125) | (125) |
| Charges related to the war in Ukraine | (42) | (80) | (6) | (23) | (151) |
| **Adjusted Operating Income** | **$3378** | **$3224** | **$3330** | **$2976** | **$12908** |
| **Europe** |  |  |  |  |  |
| **Reported Operating Income** | **$1558** | **$1474** | **$1415** | **$1355** | **$5802** |
| Cost associated to Swedish Match AB offer |  | (24) | (100) | 71 | (53) |
| Charges related to the war in Ukraine | (42) | (80) | (6) | (23) | (151) |
| Amortization and impairment of intangibles | (10) | (9) | (9) | (10) | (38) |
| **Adjusted Operating Income** | **$1610** | **$1587** | **$1530** | **$1317** | **$6044** |
| **SSEA, CIS & MEA** |  |  |  |  |  |
| **Reported Operating Income** | **$965** | **$958** | **$1086** | **$855** | **$3864** |
| Cost associated to Swedish Match AB offer |  | (15) | (61) | 43 | (33) |
| Amortization and impairment of intangibles | (6) | (6) | (6) | (5) | (23) |
| **Adjusted Operating Income** | **$971** | **$979** | **$1153** | **$817** | **$3920** |
| **EA, AU & PMI DF** |  |  |  |  |  |
| **Reported Operating Income** | **$685** | **$528** | **$533** | **$678** | **$2424** |
| Cost associated to Swedish Match AB offer |  | (11) | (45) | 32 | (24) |
| Amortization and impairment of intangibles | (1) | (1) | (1) | (1) | (4) |
| **Adjusted Operating Income** | **$686** | **$540** | **$579** | **$647** | **$2452** |

---

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | | | | | **Schedule 7 (2/4)** |
| PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries |
| Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures |
| **Reconciliation of Reported Operating Income to Adjusted Operating Income** | **Reconciliation of Reported Operating Income to Adjusted Operating Income** | **Reconciliation of Reported Operating Income to Adjusted Operating Income** | **Reconciliation of Reported Operating Income to Adjusted Operating Income** | **Reconciliation of Reported Operating Income to Adjusted Operating Income** | **Reconciliation of Reported Operating Income to Adjusted Operating Income** |
| ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) |
|  | **Quarter<br>Ended March 31** | **Quarter<br>Ended June 30,** | **Quarter<br>Ended September 30** | **Quarter<br>Ended December 31** | **Full Year<br>Ended December 31** |
|  | **2022** | **2022** | **2022** | **2022** | **2022** |
| **Americas** |  |  |  |  |  |
| **Reported Operating Income** | **$121** | **$130** | **$85** | **$100** | **$436** |
| Cost associated to Swedish Match AB offer |  | (2) | (11) | 8 | (5) |
| Amortization and impairment of intangibles | (2) | (2) | (2) | (3) | (9) |
| **Adjusted Operating Income** | **$123** | **$134** | **$98** | **$95** | **$450** |
| **Swedish Match** |  |  |  |  |  |
| **Reported Operating Income** | **$—** | **$—** | **$—** | **$(22)** | **$(22)** |
| Swedish Match AB acquisition accounting related item |  |  |  | (125) | (125) |
| Amortization and impairment of intangibles |  |  |  | (26) | (26) |
| **Adjusted Operating Income** | **$—** | **$—** | **$—** | **$129** | **$129** |
| **Wellness & Healthcare** |  |  |  |  |  |
| **Reported Operating Income** | **$(31)** | **$(34)** | **$(151)** | **$(42)** | **$(258)** |
| Amortization and impairment of intangibles | (19) | (18) | (121) | (13) | (171) |
| **Adjusted Operating Income** | **$(12)** | **$(16)** | **$(30)** | **$(29)** | **$(87)** |

---

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | | | | | **Schedule 7 (3/4)** |
| PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries |
| Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures |
| **Reconciliation of Reported Operating Income to Adjusted Operating Income** | **Reconciliation of Reported Operating Income to Adjusted Operating Income** | **Reconciliation of Reported Operating Income to Adjusted Operating Income** | **Reconciliation of Reported Operating Income to Adjusted Operating Income** | **Reconciliation of Reported Operating Income to Adjusted Operating Income** | **Reconciliation of Reported Operating Income to Adjusted Operating Income** |
| ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) |
|  | **Quarter<br>Ended March 31** | **Quarter<br>Ended June 30,** | **Quarter<br>Ended September 30** | **Quarter<br>Ended December 31** | **Full Year<br>Ended December 31** |
|  | **2021** | **2021** | **2021** | **2021** | **2021** |
| **PMI** |  |  |  |  |  |
| **Reported Operating Income** | **$3444** | **$3129** | **$3455** | **$2947** | **$12975** |
| Asset impairment and exit costs | (48) | (79) | (43) | (46) | (216) |
| Amortization and impairment of intangibles | (18) | (19) | (18) | (41) | (96) |
| Asset acquisition cost |  |  | (51) |  | (51) |
| Saudi Arabia customs assessments |  | (246) |  |  | (246) |
| **Adjusted Operating Income** | **$3510** | **$3473** | **$3567** | **$3034** | **$13584** |
| **Europe** |  |  |  |  |  |
| **Reported Operating Income** | **$1573** | **$1713** | **$1770** | **$1353** | **$6409** |
| Asset impairment and exit costs | (10) | (36) | (13) | (13) | (72) |
| Amortization and impairment of intangibles | (9) | (9) | (9) | (10) | (37) |
| **Adjusted Operating Income** | **$1592** | **$1758** | **$1792** | **$1376** | **$6518** |
| **SSEA, CIS & MEA** |  |  |  |  |  |
| **Reported Operating Income** | **$1011** | **$552** | **$888** | **$844** | **$3295** |
| Asset impairment and exit costs | (6) | (22) | (8) | (9) | (45) |
| Saudi Arabia customs assessments |  | (246) |  |  | (246) |
| Amortization and impairment of intangibles | (6) | (6) | (6) | (10) | (28) |
| **Adjusted Operating Income** | **$1023** | **$826** | **$902** | **$863** | **$3614** |
| **EA, AU & PMI DF** |  |  |  |  |  |
| **Reported Operating Income** | **$726** | **$752** | **$727** | **$631** | **$2836** |
| Asset impairment and exit costs | (31) | (17) | (21) | (22) | (91) |
| Amortization and impairment of intangibles | (1) | (1) | (1) | (1) | (4) |
| **Adjusted Operating Income** | **$758** | **$770** | **$749** | **$654** | **$2931** |

---

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | | | | | **Schedule 7 (4/4)** |
| PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries |
| Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures |
| **Reconciliation of Reported Operating Income to Adjusted Operating Income** | **Reconciliation of Reported Operating Income to Adjusted Operating Income** | **Reconciliation of Reported Operating Income to Adjusted Operating Income** | **Reconciliation of Reported Operating Income to Adjusted Operating Income** | **Reconciliation of Reported Operating Income to Adjusted Operating Income** | **Reconciliation of Reported Operating Income to Adjusted Operating Income** |
| ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) |
|  | **Quarter<br>Ended March 31** | **Quarter<br>Ended June 30,** | **Quarter<br>Ended September 30** | **Quarter<br>Ended December 31** | **Full Year<br>Ended December 31** |
|  | **2021** | **2021** | **2021** | **2021** | **2021** |
| **Americas** |  |  |  |  |  |
| **Reported Operating Income** | **$134** | **$112** | **$121** | **$120** | **$487** |
| Asset impairment and exit costs | (1) | (4) | (1) | (2) | (8) |
| Amortization and impairment of intangibles | (2) | (3) | (2) | (2) | (9) |
| **Adjusted Operating Income** | **$137** | **$119** | **$124** | **$124** | **$504** |
| **Wellness & Healthcare** |  |  |  |  |  |
| **Reported Operating Income** | **$—** | **$—** | **$(51)** | **$(1)** | **$(52)** |
| Asset acquisition cost |  |  | (51) |  | (51) |
| Amortization and impairment of intangibles |  |  |  | (18) | (18) |
| **Adjusted Operating Income** | **$—** | **$—** | **$—** | **$17** | **$17** |

---

------

---

| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | | | | | | | | | | | | | **Schedule 8 (1/2)** | **Schedule 8 (1/2)** |
| PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries |
| Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures |
| **Reconciliation of Adjusted Operating Income Margin, excluding Currency and Acquisitions** | **Reconciliation of Adjusted Operating Income Margin, excluding Currency and Acquisitions** | **Reconciliation of Adjusted Operating Income Margin, excluding Currency and Acquisitions** | **Reconciliation of Adjusted Operating Income Margin, excluding Currency and Acquisitions** | **Reconciliation of Adjusted Operating Income Margin, excluding Currency and Acquisitions** | **Reconciliation of Adjusted Operating Income Margin, excluding Currency and Acquisitions** | **Reconciliation of Adjusted Operating Income Margin, excluding Currency and Acquisitions** | **Reconciliation of Adjusted Operating Income Margin, excluding Currency and Acquisitions** | **Reconciliation of Adjusted Operating Income Margin, excluding Currency and Acquisitions** | **Reconciliation of Adjusted Operating Income Margin, excluding Currency and Acquisitions** | **Reconciliation of Adjusted Operating Income Margin, excluding Currency and Acquisitions** | **Reconciliation of Adjusted Operating Income Margin, excluding Currency and Acquisitions** | **Reconciliation of Adjusted Operating Income Margin, excluding Currency and Acquisitions** | **Reconciliation of Adjusted Operating Income Margin, excluding Currency and Acquisitions** | **Reconciliation of Adjusted Operating Income Margin, excluding Currency and Acquisitions** | **Reconciliation of Adjusted Operating Income Margin, excluding Currency and Acquisitions** |
| ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) |
| **Adjusted Operating Income (a)** | **Adjusted Net Revenues (b)** | **Adjusted Operating Income Margin** | **Adjusted Operating Income excluding Currency<br>(a)** | **Adjusted Net Revenues excluding Currency<br>(b)** | **Adjusted Operating Income Margin excluding Currency** | **Adjusted Operating Income excluding Currency & Acqui- sitions<br>(a)** | **Adjusted Net Revenues excluding Currency & Acqui- sitions<br>(b)** | **Adjusted Operating Income Margin excluding Currency & Acqui- sitions** |  | **Adjusted Operating Income (a)** | **Adjusted Net Revenues (b)** | **Adjusted Operating Income<br>Margin** | **Adjusted Operating Income<br>Margin** | **Adjusted Operating Income Margin excluding Currency** | **Adjusted Operating Income Margin excluding Currency & Acqui- sitions** |
| **2022** | **2022** | **2022** | **2022** | **2022** | **2022** | **2022** | **2022** | **2022** | **Quarters Ended<br>March 31** | **2021** | **2021** | **2021** | **% Points Change** | **% Points Change** | **% Points Change** |
| $1610 | $3224 | 49.9% | $1758 | $3435 | 51.2% | $1760 | $3431 | 51.3% | Europe | $1592 | $3122 | 51.0% | (1.1) | 0.2 | 0.3 |
| 971 | 2445 | 39.7% | 1164 | 2699 | 43.1% | 1164 | 2699 | 43.1% | SSEA, CIS & MEA | 1023 | 2486 | 41.2% | (1.5) | 1.9 | 1.9 |
| 686 | 1587 | 43.2% | 758 | 1699 | 44.6% | 758 | 1699 | 44.6% | EA, AU & PMI DF | 758 | 1543 | 49.1% | (5.9) | (4.5) | (4.5) |
| 123 | 424 | 29.0% | 125 | 437 | 28.6% | 125 | 437 | 28.6% | Americas | 137 | 434 | 31.6% | (2.6) | (3.0) | (3.0) |
| (12) | 66 | (18.2)% | (12) | 66 | (18.2)% | (7) |  | —% | Wellness & Healthcare |  |  | —% |  |  |  |
| **$3378** | **$7746** | **43.6%** | **$3793** | **$8336** | **45.5%** | **$3800** | **$8266** | **46.0%** | **Total PMI** | **$3510** | **$7585** | **46.3%** | **(2.7)** | **(0.8)** | **(0.3)** |
| **2022** | **2022** | **2022** | **2022** | **2022** | **2022** | **2022** | **2022** | **2022** | **Quarters Ended<br>June 30** | **2021** | **2021** | **2021** | **% Points Change** | **% Points Change** | **% Points Change** |
| $1587 | $3309 | 48.0% | $1845 | $3652 | 50.5% | $1845 | $3649 | 50.6% | Europe | $1758 | $3358 | 52.4% | (4.4) | (1.9) | (1.8) |
| 979 | 2514 | 38.9% | 933 | 2551 | 36.6% | 933 | 2551 | 36.6% | SSEA, CIS & MEA | 826 | 2450 | 33.7% | 5.2 | 2.9 | 2.9 |
| 540 | 1464 | 36.9% | 631 | 1589 | 39.7% | 631 | 1589 | 39.7% | EA, AU & PMI DF | 770 | 1602 | 48.1% | (11.2) | (8.4) | (8.4) |
| 134 | 469 | 28.6% | 130 | 465 | 28.0% | 130 | 465 | 28.0% | Americas | 119 | 430 | 27.7% | 0.9 | 0.3 | 0.3 |
| (16) | 76 | (21.1)% | (16) | 76 | (21.1)% | (10) |  | —% | Wellness & Healthcare |  |  | —% |  |  |  |
| **$3224** | **$7832** | **41.2%** | **$3523** | **$8333** | **42.3%** | **$3529** | **$8254** | **42.8%** | **Total PMI** | **$3473** | **$7840** | **44.3%** | **(3.1)** | **(2.0)** | **(1.5)** |
| **2022** | **2022** | **2022** | **2022** | **2022** | **2022** | **2022** | **2022** | **2022** | **Quarters Ended<br>September 30** | **2021** | **2021** | **2021** | **% Points Change** | **% Points Change** | **% Points Change** |
| $1530 | $3272 | 46.8% | $1881 | $3774 | 49.8% | $1881 | $3771 | 49.9% | Europe | $1792 | $3433 | 52.2% | (5.4) | (2.4) | (2.3) |
| 1153 | 2822 | 40.9% | 1084 | 2822 | 38.4% | 1084 | 2822 | 38.4% | SSEA, CIS & MEA | 902 | 2555 | 35.3% | 5.6 | 3.1 | 3.1 |
| 579 | 1407 | 41.2% | 679 | 1584 | 42.9% | 679 | 1584 | 42.9% | EA, AU & PMI DF | 749 | 1678 | 44.6% | (3.4) | (1.7) | (1.7) |
| 98 | 474 | 20.7% | 96 | 481 | 20.0% | 96 | 481 | 20.0% | Americas | 124 | 456 | 27.2% | (6.5) | (7.2) | (7.2) |
| (30) | 57 | (52.6)% | (32) | 58 | (55.2)% | (15) | 11 | -(100)% | Wellness & Healthcare |  |  | —% |  |  |  |
| **$3330** | **$8032** | **41.5%** | **$3708** | **$8719** | **42.5%** | **$3725** | **$8669** | **43.0%** | **Total PMI** | **$3567** | **$8122** | **43.9%** | **(2.4)** | **(1.4)** | **(0.9)** |
| (a) For the calculation of Adjusted Operating Income, Adjusted Operating Income excluding currency and Adjusted Operating Income excluding currency and acquisitions, refer to Schedule 6 | (a) For the calculation of Adjusted Operating Income, Adjusted Operating Income excluding currency and Adjusted Operating Income excluding currency and acquisitions, refer to Schedule 6 | (a) For the calculation of Adjusted Operating Income, Adjusted Operating Income excluding currency and Adjusted Operating Income excluding currency and acquisitions, refer to Schedule 6 | (a) For the calculation of Adjusted Operating Income, Adjusted Operating Income excluding currency and Adjusted Operating Income excluding currency and acquisitions, refer to Schedule 6 | (a) For the calculation of Adjusted Operating Income, Adjusted Operating Income excluding currency and Adjusted Operating Income excluding currency and acquisitions, refer to Schedule 6 | (a) For the calculation of Adjusted Operating Income, Adjusted Operating Income excluding currency and Adjusted Operating Income excluding currency and acquisitions, refer to Schedule 6 | (a) For the calculation of Adjusted Operating Income, Adjusted Operating Income excluding currency and Adjusted Operating Income excluding currency and acquisitions, refer to Schedule 6 | (a) For the calculation of Adjusted Operating Income, Adjusted Operating Income excluding currency and Adjusted Operating Income excluding currency and acquisitions, refer to Schedule 6 | (a) For the calculation of Adjusted Operating Income, Adjusted Operating Income excluding currency and Adjusted Operating Income excluding currency and acquisitions, refer to Schedule 6 | (a) For the calculation of Adjusted Operating Income, Adjusted Operating Income excluding currency and Adjusted Operating Income excluding currency and acquisitions, refer to Schedule 6 | (a) For the calculation of Adjusted Operating Income, Adjusted Operating Income excluding currency and Adjusted Operating Income excluding currency and acquisitions, refer to Schedule 6 | (a) For the calculation of Adjusted Operating Income, Adjusted Operating Income excluding currency and Adjusted Operating Income excluding currency and acquisitions, refer to Schedule 6 | (a) For the calculation of Adjusted Operating Income, Adjusted Operating Income excluding currency and Adjusted Operating Income excluding currency and acquisitions, refer to Schedule 6 | (a) For the calculation of Adjusted Operating Income, Adjusted Operating Income excluding currency and Adjusted Operating Income excluding currency and acquisitions, refer to Schedule 6 | (a) For the calculation of Adjusted Operating Income, Adjusted Operating Income excluding currency and Adjusted Operating Income excluding currency and acquisitions, refer to Schedule 6 | (a) For the calculation of Adjusted Operating Income, Adjusted Operating Income excluding currency and Adjusted Operating Income excluding currency and acquisitions, refer to Schedule 6 |
| (b) For the calculation of Adjusted Net Revenues, Adjusted Net Revenues excluding currency and Adjusted Net Revenues excluding currency and acquisitions, refer to Schedule 3 | (b) For the calculation of Adjusted Net Revenues, Adjusted Net Revenues excluding currency and Adjusted Net Revenues excluding currency and acquisitions, refer to Schedule 3 | (b) For the calculation of Adjusted Net Revenues, Adjusted Net Revenues excluding currency and Adjusted Net Revenues excluding currency and acquisitions, refer to Schedule 3 | (b) For the calculation of Adjusted Net Revenues, Adjusted Net Revenues excluding currency and Adjusted Net Revenues excluding currency and acquisitions, refer to Schedule 3 | (b) For the calculation of Adjusted Net Revenues, Adjusted Net Revenues excluding currency and Adjusted Net Revenues excluding currency and acquisitions, refer to Schedule 3 | (b) For the calculation of Adjusted Net Revenues, Adjusted Net Revenues excluding currency and Adjusted Net Revenues excluding currency and acquisitions, refer to Schedule 3 | (b) For the calculation of Adjusted Net Revenues, Adjusted Net Revenues excluding currency and Adjusted Net Revenues excluding currency and acquisitions, refer to Schedule 3 | (b) For the calculation of Adjusted Net Revenues, Adjusted Net Revenues excluding currency and Adjusted Net Revenues excluding currency and acquisitions, refer to Schedule 3 | (b) For the calculation of Adjusted Net Revenues, Adjusted Net Revenues excluding currency and Adjusted Net Revenues excluding currency and acquisitions, refer to Schedule 3 | (b) For the calculation of Adjusted Net Revenues, Adjusted Net Revenues excluding currency and Adjusted Net Revenues excluding currency and acquisitions, refer to Schedule 3 | (b) For the calculation of Adjusted Net Revenues, Adjusted Net Revenues excluding currency and Adjusted Net Revenues excluding currency and acquisitions, refer to Schedule 3 | (b) For the calculation of Adjusted Net Revenues, Adjusted Net Revenues excluding currency and Adjusted Net Revenues excluding currency and acquisitions, refer to Schedule 3 | (b) For the calculation of Adjusted Net Revenues, Adjusted Net Revenues excluding currency and Adjusted Net Revenues excluding currency and acquisitions, refer to Schedule 3 | (b) For the calculation of Adjusted Net Revenues, Adjusted Net Revenues excluding currency and Adjusted Net Revenues excluding currency and acquisitions, refer to Schedule 3 | (b) For the calculation of Adjusted Net Revenues, Adjusted Net Revenues excluding currency and Adjusted Net Revenues excluding currency and acquisitions, refer to Schedule 3 | (b) For the calculation of Adjusted Net Revenues, Adjusted Net Revenues excluding currency and Adjusted Net Revenues excluding currency and acquisitions, refer to Schedule 3 |

---

------

---

| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | | | | | | | | | | | | | **Schedule 8 (2/2)** | **Schedule 8 (2/2)** |
| PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries |
| Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures |
| **Reconciliation of Adjusted Operating Income Margin, excluding Currency and Acquisitions** | **Reconciliation of Adjusted Operating Income Margin, excluding Currency and Acquisitions** | **Reconciliation of Adjusted Operating Income Margin, excluding Currency and Acquisitions** | **Reconciliation of Adjusted Operating Income Margin, excluding Currency and Acquisitions** | **Reconciliation of Adjusted Operating Income Margin, excluding Currency and Acquisitions** | **Reconciliation of Adjusted Operating Income Margin, excluding Currency and Acquisitions** | **Reconciliation of Adjusted Operating Income Margin, excluding Currency and Acquisitions** | **Reconciliation of Adjusted Operating Income Margin, excluding Currency and Acquisitions** | **Reconciliation of Adjusted Operating Income Margin, excluding Currency and Acquisitions** | **Reconciliation of Adjusted Operating Income Margin, excluding Currency and Acquisitions** | **Reconciliation of Adjusted Operating Income Margin, excluding Currency and Acquisitions** | **Reconciliation of Adjusted Operating Income Margin, excluding Currency and Acquisitions** | **Reconciliation of Adjusted Operating Income Margin, excluding Currency and Acquisitions** | **Reconciliation of Adjusted Operating Income Margin, excluding Currency and Acquisitions** | **Reconciliation of Adjusted Operating Income Margin, excluding Currency and Acquisitions** | **Reconciliation of Adjusted Operating Income Margin, excluding Currency and Acquisitions** |
| ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) |
| **Adjusted Operating Income (a)** | **Adjusted Net Revenues (b)** | **Adjusted Operating Income Margin** | **Adjusted Operating Income excluding Currency<br>(a)** | **Adjusted Net Revenues excluding Currency<br>(b)** | **Adjusted Operating Income Margin excluding Currency** | **Adjusted Operating Income excluding Currency & Acqui- sitions<br>(a)** | **Adjusted Net Revenues excluding Currency & Acqui- sitions<br>(b)** | **Adjusted Operating Income Margin excluding Currency & Acqui- sitions** |  | **Adjusted Operating Income (a)** | **Adjusted Net Revenues (b)** | **Adjusted Operating Income<br>Margin** | **Adjusted Operating Income<br>Margin** | **Adjusted Operating Income Margin excluding Currency** | **Adjusted Operating Income Margin excluding Currency & Acqui- sitions** |
| **2022** | **2022** | **2022** | **2022** | **2022** | **2022** | **2022** | **2022** | **2022** | **Quarters Ended<br>December 31** | **2021** | **2021** | **2021** | **% Points Change** | **% Points Change** | **% Points Change** |
| $1317 | $3064 | 43.0% | $1589 | $3584 | 44.3% | $1589 | $3584 | 44.3% | Europe | $1376 | $3242 | 42.4% | 0.6 | 1.9 | 1.9 |
| 817 | 2686 | 30.4% | 838 | 2814 | 29.8% | 838 | 2814 | 29.8% | SSEA, CIS & MEA | 863 | 2613 | 33.0% | (2.6) | (3.2) | (3.2) |
| 647 | 1478 | 43.8% | 760 | 1699 | 44.7% | 760 | 1699 | 44.7% | EA, AU & PMI DF | 654 | 1625 | 40.2% | 3.6 | 4.5 | 4.5 |
| 95 | 536 | 17.7% | 110 | 535 | 20.6% | 110 | 535 | 20.6% | Americas | 124 | 523 | 23.7% | (6.0) | (3.1) | (3.1) |
| 129 | 316 | 40.8% | 129 | 316 | 40.8% |  |  | —% | Swedish Match |  |  | —% |  |  |  |
| (29) | 72 | (40.3)% | (35) | 82 | (42.7)% | (35) | 82 | (42.7)% | Wellness & Healthcare | 17 | 101 | 16.8% | (57.1) | (59.5) | (59.5) |
| **$2976** | **$8152** | **36.5%** | **$3391** | **$9030** | **37.6%** | **$3262** | **$8714** | **37.4%** | **Total PMI** | **$3034** | **$8104** | **37.4%** | **(0.9)** | **0.2** | **—** |
| **2022** | **2022** | **2022** | **2022** | **2022** | **2022** | **2022** | **2022** | **2022** | **Full Year Ended<br>December 31** | **2021** | **2021** | **2021** | **% Points Change** | **% Points Change** | **% Points Change** |
| $6044 | $12869 | 47.0% | $7073 | $14445 | 49.0% | $7075 | $14435 | 49.0% | Europe | $6518 | $13155 | 49.5% | (2.5) | (0.5) | (0.5) |
| 3920 | 10467 | 37.5% | 4019 | 10886 | 36.9% | 4019 | 10886 | 36.9% | SSEA, CIS & MEA | 3614 | 10104 | 35.8% | 1.7 | 1.1 | 1.1 |
| 2452 | 5936 | 41.3% | 2828 | 6571 | 43.0% | 2828 | 6571 | 43.0% | EA, AU & PMI DF | 2931 | 6448 | 45.5% | (4.2) | (2.5) | (2.5) |
| 450 | 1903 | 23.6% | 461 | 1918 | 24.0% | 461 | 1918 | 24.0% | Americas | 504 | 1843 | 27.3% | (3.7) | (3.3) | (3.3) |
| 129 | 316 | 40.8% | 129 | 316 | 40.8% |  |  | —% | Swedish Match |  |  | —% |  |  |  |
| (87) | 271 | (32.1)% | (95) | 282 | (33.7)% | (67) | 93 | (71.6)% | Wellness & Healthcare | 17 | 101 | 16.8% | (48.9) | (50.5) | (88.8) |
| **$12908** | **$31762** | **40.6%** | **$14415** | **$34418** | **41.9%** | **$14316** | **$33903** | **42.2%** | **Total PMI** | **$13584** | **$31651** | **42.9%** | **(2.3)** | **(1.0)** | **(0.7)** |
| (a) For the calculation of Adjusted Operating Income, Adjusted Operating Income excluding currency and Adjusted Operating Income excluding currency and acquisitions, refer to Schedule 6 | (a) For the calculation of Adjusted Operating Income, Adjusted Operating Income excluding currency and Adjusted Operating Income excluding currency and acquisitions, refer to Schedule 6 | (a) For the calculation of Adjusted Operating Income, Adjusted Operating Income excluding currency and Adjusted Operating Income excluding currency and acquisitions, refer to Schedule 6 | (a) For the calculation of Adjusted Operating Income, Adjusted Operating Income excluding currency and Adjusted Operating Income excluding currency and acquisitions, refer to Schedule 6 | (a) For the calculation of Adjusted Operating Income, Adjusted Operating Income excluding currency and Adjusted Operating Income excluding currency and acquisitions, refer to Schedule 6 | (a) For the calculation of Adjusted Operating Income, Adjusted Operating Income excluding currency and Adjusted Operating Income excluding currency and acquisitions, refer to Schedule 6 | (a) For the calculation of Adjusted Operating Income, Adjusted Operating Income excluding currency and Adjusted Operating Income excluding currency and acquisitions, refer to Schedule 6 | (a) For the calculation of Adjusted Operating Income, Adjusted Operating Income excluding currency and Adjusted Operating Income excluding currency and acquisitions, refer to Schedule 6 | (a) For the calculation of Adjusted Operating Income, Adjusted Operating Income excluding currency and Adjusted Operating Income excluding currency and acquisitions, refer to Schedule 6 | (a) For the calculation of Adjusted Operating Income, Adjusted Operating Income excluding currency and Adjusted Operating Income excluding currency and acquisitions, refer to Schedule 6 | (a) For the calculation of Adjusted Operating Income, Adjusted Operating Income excluding currency and Adjusted Operating Income excluding currency and acquisitions, refer to Schedule 6 | (a) For the calculation of Adjusted Operating Income, Adjusted Operating Income excluding currency and Adjusted Operating Income excluding currency and acquisitions, refer to Schedule 6 | (a) For the calculation of Adjusted Operating Income, Adjusted Operating Income excluding currency and Adjusted Operating Income excluding currency and acquisitions, refer to Schedule 6 | (a) For the calculation of Adjusted Operating Income, Adjusted Operating Income excluding currency and Adjusted Operating Income excluding currency and acquisitions, refer to Schedule 6 | (a) For the calculation of Adjusted Operating Income, Adjusted Operating Income excluding currency and Adjusted Operating Income excluding currency and acquisitions, refer to Schedule 6 | (a) For the calculation of Adjusted Operating Income, Adjusted Operating Income excluding currency and Adjusted Operating Income excluding currency and acquisitions, refer to Schedule 6 |
| (b) For the calculation of Adjusted Net Revenues, Adjusted Net Revenues excluding currency and Adjusted Net Revenues excluding currency and acquisitions, refer to Schedule 3 | (b) For the calculation of Adjusted Net Revenues, Adjusted Net Revenues excluding currency and Adjusted Net Revenues excluding currency and acquisitions, refer to Schedule 3 | (b) For the calculation of Adjusted Net Revenues, Adjusted Net Revenues excluding currency and Adjusted Net Revenues excluding currency and acquisitions, refer to Schedule 3 | (b) For the calculation of Adjusted Net Revenues, Adjusted Net Revenues excluding currency and Adjusted Net Revenues excluding currency and acquisitions, refer to Schedule 3 | (b) For the calculation of Adjusted Net Revenues, Adjusted Net Revenues excluding currency and Adjusted Net Revenues excluding currency and acquisitions, refer to Schedule 3 | (b) For the calculation of Adjusted Net Revenues, Adjusted Net Revenues excluding currency and Adjusted Net Revenues excluding currency and acquisitions, refer to Schedule 3 | (b) For the calculation of Adjusted Net Revenues, Adjusted Net Revenues excluding currency and Adjusted Net Revenues excluding currency and acquisitions, refer to Schedule 3 | (b) For the calculation of Adjusted Net Revenues, Adjusted Net Revenues excluding currency and Adjusted Net Revenues excluding currency and acquisitions, refer to Schedule 3 | (b) For the calculation of Adjusted Net Revenues, Adjusted Net Revenues excluding currency and Adjusted Net Revenues excluding currency and acquisitions, refer to Schedule 3 | (b) For the calculation of Adjusted Net Revenues, Adjusted Net Revenues excluding currency and Adjusted Net Revenues excluding currency and acquisitions, refer to Schedule 3 | (b) For the calculation of Adjusted Net Revenues, Adjusted Net Revenues excluding currency and Adjusted Net Revenues excluding currency and acquisitions, refer to Schedule 3 | (b) For the calculation of Adjusted Net Revenues, Adjusted Net Revenues excluding currency and Adjusted Net Revenues excluding currency and acquisitions, refer to Schedule 3 | (b) For the calculation of Adjusted Net Revenues, Adjusted Net Revenues excluding currency and Adjusted Net Revenues excluding currency and acquisitions, refer to Schedule 3 | (b) For the calculation of Adjusted Net Revenues, Adjusted Net Revenues excluding currency and Adjusted Net Revenues excluding currency and acquisitions, refer to Schedule 3 | (b) For the calculation of Adjusted Net Revenues, Adjusted Net Revenues excluding currency and Adjusted Net Revenues excluding currency and acquisitions, refer to Schedule 3 | (b) For the calculation of Adjusted Net Revenues, Adjusted Net Revenues excluding currency and Adjusted Net Revenues excluding currency and acquisitions, refer to Schedule 3 |

---

## Exhibit 99.2

Exhibit 99.2

**Recast Shipment Volume and Unaudited Financial Information**

2021 vs. 2020

------

PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries

**Key Terms, Definitions and Explanatory Notes**

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**<u>General</u>**<br>• "PMI" refers to Philip Morris International Inc. and its subsidiaries. Trademarks and service marks that are the registered property of, or licensed by, the subsidiaries of PMI, are italicized.<br>• The recast 2021 and 2020 shipment volumes and financial information in this document reflect PMI's new geographic segmentation, announced on November 25, 2022, effective in January 2023. PMI's shipment volumes and financials for total PMI, as well as Wellness & Healthcare and Swedish Match segments presented in this document do not differ from previously disclosed results. <br>• Comparisons are made to the same prior-year period unless otherwise stated.<br>• "Combustible tobacco products" is the term PMI uses to refer to cigarettes and other tobacco products that are combusted.<br>• "Total shipment volume" is defined as the combined total of cigarette shipment volume and heated tobacco unit shipment volume.<br>• In the third quarter of 2021, PMI acquired Fertin Pharma A/S, Vectura Group plc. and OtiTopic, Inc. On March 31, 2022, PMI launched a new Wellness and Healthcare business consolidating these entities, Vectura Fertin Pharma. The operating results of this new business are reported in the Wellness and Healthcare segment. The business operations of PMI's Wellness and Healthcare segment are managed and evaluated separately from the geographical segments.<br>• In the fourth quarter of 2022, Philip Morris Holland Holdings B.V., a wholly owned subsidiary of PMI, acquired a controlling interest in Swedish Match. The operating results of Swedish Match are disclosed as a separate segment. The business operations of the Swedish Match segment are managed and evaluated separately from the geographical segments.<br>**<u>Financial</u>**<br>• Adjusted net revenues exclude the impact related to the Saudi Arabia customs assessments.<br>• "Adjusted Operating Income Margin" is calculated as adjusted operating income divided by adjusted net revenues.<br>• Management reviews net revenues, operating income, operating income margin, operating cash flow and earnings per share, or "EPS," on an adjusted basis, which may exclude the impact of currency and other items such as acquisitions, asset impairment and exit costs, tax items and other special items. Additionally, starting in 2022 and on a comparative basis, for these measures other than net revenues and operating cash flow, PMI included adjustments to add back amortization expense on acquisition related intangible assets that are recorded as part of purchase accounting and contribute to PMI's revenue generation, as well as impairment of intangible assets, if any. Currency-neutral and organic growth rates reflect the way management views underlying performance for these measures. PMI believes that such measures provide useful insight into underlying business trends and results.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br>&nbsp;&nbsp;&nbsp;&nbsp;• Management reviews these measures because they exclude changes in currency exchange rates and other factors that may distort underlying business trends, thereby improving the comparability of PMI's business performance between reporting periods. Furthermore, PMI uses several of these measures in its management compensation program to promote internal fairness and a disciplined assessment of performance against company targets. PMI discloses these measures to enable investors to view the business through the eyes of management.<br>&nbsp;&nbsp;&nbsp;&nbsp;• Non-GAAP measures used in this release should neither be considered in isolation nor as a substitute for the financial measures prepared in accordance with U.S. GAAP. For a reconciliation of non-GAAP measures to the most directly comparable U.S. GAAP measures, see the relevant schedules provided with this report.<br>**<u>Smoke-Free Products</u>**<br>&nbsp;&nbsp;&nbsp;&nbsp;• Smoke-free products ("SFPs") is the term PMI primarily uses to refer to all of its products that are not combustible tobacco products, such as heat-not-burn, e-vapor, and oral nicotine. In addition, SFPs include wellness and healthcare products, as well as consumer accessories such as lighters and matches.<br>&nbsp;&nbsp;&nbsp;&nbsp;• Reduced-risk products ("RRPs") is the term PMI uses to refer to products that present, are likely to present, or have the potential to present less risk of harm to smokers who switch to these products versus continuing smoking. PMI has a range of RRPs in various stages of development, scientific assessment and commercialization. PMI's RRPs are smoke-free products that contain and/or generate far lower quantities of harmful and potentially harmful constituents than found in cigarette smoke**.**<br>&nbsp;&nbsp;&nbsp;&nbsp;• Wellness and Healthcare products primarily refer to products associated with inhaled therapeutics and oral and intra-oral delivery systems that are included in the operating results of PMI's new Wellness and Healthcare business, Vectura Fertin Pharma.<br>&nbsp;&nbsp;&nbsp;&nbsp;• Following the Swedish Match acquisition and a review of PMI and Swedish Match's combined product portfolio, PMI reclassified certain of its own products previously reported under its combustible tobacco product category to the newly created smoke-free product category to better reflect the characteristics of these products. Prior years' amounts have been reclassified to conform with the updated presentation for all periods presented.<br>&nbsp;&nbsp;&nbsp;&nbsp;• "Heated tobacco units," or "HTUs," is the term PMI uses to refer to heated tobacco consumables, which include the company's *BLENDS*, *HEETS*, *HEETS Creations*, *HEETS Dimensions*, *HEETS Marlboro* and *HEETS FROM MARLBORO* (defined collectively as *HEETS*), *Marlboro Dimensions*, *Marlboro HeatSticks, Parliament HeatSticks*, *SENTIA* and *TEREA*, as well as the KT&G-licensed brands, *Fiit* and *Miix* (outside of South Korea).<br>&nbsp;&nbsp;&nbsp;&nbsp;• "SSEA, CIS & MEA" stands for South & Southeast Asia, Commonwealth of Independent States, and Middle East & Africa.<br>&nbsp;&nbsp;&nbsp;&nbsp;• "EA, AU & PMI DF" stands for East Asia, Australia and PMI Duty Free. |

---

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries |
| **New Geographic Segmentation (effective January 2023)** | **New Geographic Segmentation (effective January 2023)** | **New Geographic Segmentation (effective January 2023)** | **New Geographic Segmentation (effective January 2023)** | **New Geographic Segmentation (effective January 2023)** | **New Geographic Segmentation (effective January 2023)** |
| **Europe** | **Europe** | **South & Southeast Asia, Commonwealth of Independent States & Middle East & Africa<br>(SSEA, CIS & MEA)** | **South & Southeast Asia, Commonwealth of Independent States & Middle East & Africa<br>(SSEA, CIS & MEA)** | **East Asia, Australia & PMI Duty Free<br>(EA, AU & PMI DF)** | **Americas** |
| Albania | Serbia | Afghanistan | Kuwait | Australia | Argentina |
| Andorra | Slovak Republic | Algeria | Laos | Duty Free | Bolivia |
| Austria | Slovenia | Angola | Lebanon | Hong Kong | Brazil |
| Belgium | Spain | Bahrain | Lesotho | Japan | Canada |
| Bosnia & Herzegovina | Sweden | Bangladesh | Liberia | Macau | Caribbean<sup>(5)</sup> |
| Bulgaria | Switzerland | Bhutan | Libya | Malaysia | Chile |
| Canary Islands | Ukraine | Botswana | Maldives | New Zealand | Colombia |
| Croatia | United Kingdom | Burkina Faso | Mali | Pacific Islands<sup>(4)</sup> | Costa Rica |
| Czech Republic |  | Cambodia | Mauritania | People's Republic of China | Dominican Republic |
| Denmark |  | Cameroon | Morocco | Singapore | Ecuador |
| Estonia |  | Cape Verde | Namibia | South Korea | El Salvador |
| Finland |  | Caucasus<sup>(1)</sup> | Nigeria | Taiwan | Guatemala |
| France |  | Central Asia<sup>(2)</sup> | Oman |  | Honduras |
| Germany |  | Djibouti | Pakistan |  | Mexico |
| Greece |  | East Timor | Philippines |  | Nicaragua |
| Hungary |  | Egypt | Qatar |  | Panama |
| Italy |  | Equatorial Guinea | Russia |  | Paraguay |
| Kosovo |  | Gabon | Saudi Arabia |  | Peru |
| Latvia |  | Gambia | Senegal |  | Trinidad & Tobago |
| Lithuania |  | Guinea | Somalia |  | United States of America |
| Luxembourg |  | India | South Africa |  | Uruguay |
| Moldova |  | Indian Ocean Islands<sup>(3)</sup> | Tanzania |  | Venezuela |
| Montenegro |  | Indonesia | Thailand |  |  |
| Netherlands |  | Iraq | Togo |  |  |
| North Macedonia |  | Israel | Tunisia |  |  |
| Norway |  | Ivory Coast | Turkey |  |  |
| Poland |  | Jordan | United Arab Emirates |  |  |
| Portugal |  | Kazakhstan | Vietnam |  |  |
| Romania |  | Kingdom of Eswatini |  |  |  |

---

(1) Caucasus includes Armenia, Azerbaijan and Georgia

(2) Central Asia includes Kyrgyzstan, Mongolia, Tajikistan and Uzbekistan

(3) Indian Ocean Islands includes Mauritius, Mayotte and Reunion

(4) Pacific Islands includes Christmas Islands, French Polynesia, Kiribati, Marshall Island, Micronesia, Nauru, New Caldedonia, Palau, State of Micronesia, Tonga and Vanuatu

(5) Caribbean includes Aruba, Bermuda, Bonaire, Curacao, French Guyana, Grenada, Guadeloupe, Martinique, St. Maarten (Dutch), St. Martin (French) and other Caribbean markets

Note: The list of markets by region is not exhaustive

------

---

| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | | | | | | | | | | | | | **Schedule 1** | **Schedule 1** |
| PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries |
| **Shipment Volume by Product Category** | **Shipment Volume by Product Category** | **Shipment Volume by Product Category** | **Shipment Volume by Product Category** | **Shipment Volume by Product Category** | **Shipment Volume by Product Category** | **Shipment Volume by Product Category** | **Shipment Volume by Product Category** | **Shipment Volume by Product Category** | **Shipment Volume by Product Category** | **Shipment Volume by Product Category** | **Shipment Volume by Product Category** | **Shipment Volume by Product Category** | **Shipment Volume by Product Category** | **Shipment Volume by Product Category** | **Shipment Volume by Product Category** |
| (million units) / (unaudited) | (million units) / (unaudited) | (million units) / (unaudited) | (million units) / (unaudited) | (million units) / (unaudited) | (million units) / (unaudited) | (million units) / (unaudited) | (million units) / (unaudited) | (million units) / (unaudited) | (million units) / (unaudited) | (million units) / (unaudited) | (million units) / (unaudited) | (million units) / (unaudited) | (million units) / (unaudited) | (million units) / (unaudited) | (million units) / (unaudited) |
|  | **Quarters<br>Ended March 31** | **Quarters<br>Ended March 31** | **Quarters<br>Ended March 31** | **Quarters<br>Ended June 30** | **Quarters<br>Ended June 30** | **Quarters<br>Ended June 30** | **Quarters<br>Ended September 30** | **Quarters<br>Ended September 30** | **Quarters<br>Ended September 30** | **Quarters<br>Ended December 31** | **Quarters<br>Ended December 31** | **Quarters<br>Ended December 31** | **Full Year<br>Ended December 31** | **Full Year<br>Ended December 31** | **Full Year<br>Ended December 31** |
|  | **2021** | **2020** | **%<br>Change** | **2021** | **2020** | **%<br>Change** | **2021** | **2020** | **%<br>Change** | **2021** | **2020** | **%<br>Change** | **2021** | **2020** | **%<br>Change** |
| **Cigarettes** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Europe | 41077 | 46063 | (10.8)% | 46674 | 45392 | 2.8% | 47818 | 51199 | (6.6)% | 42492 | 42641 | (0.3)% | 178061 | 185295 | (3.9)% |
| SSEA, CIS & MEA | 77089 | 80297 | (4.0)% | 81881 | 78860 | 3.8% | 87514 | 87408 | 0.1% | 84355 | 82974 | 1.7% | 330839 | 329539 | 0.4% |
| EA, AU & PMI DF | 12461 | 15595 | (20.1)% | 12370 | 12327 | 0.3% | 13517 | 11158 | 21.1% | 13040 | 10855 | 20.1% | 51388 | 49935 | 2.9% |
| Americas | 14885 | 15063 | (1.2)% | 15213 | 14780 | 2.9% | 15994 | 15699 | 1.9% | 18495 | 18207 | 1.6% | 64587 | 63749 | 1.3% |
| **Total PMI** | **145512** | **157018** | **(7.3)%** | **156138** | **151359** | **3.2%** | **164843** | **165464** | **(0.4)%** | **158382** | **154677** | **2.4%** | **624875** | **628518** | **(0.6)%** |
| **Heated Tobacco Units** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Europe | 7842 | 5759 | 36.2% | 8514 | 5172 | 64.6% | 8655 | 6393 | 35.4% | 9412 | 7129 | 32.0% | 34423 | 24453 | 40.8% |
| SSEA, CIS & MEA | 4553 | 3366 | 35.3% | 5652 | 4357 | 29.7% | 5025 | 3938 | 27.6% | 6013 | 5388 | 11.6% | 21243 | 17049 | 24.6% |
| EA, AU & PMI DF | 9234 | 7494 | 23.2% | 10050 | 9085 | 10.6% | 9588 | 8522 | 12.5% | 9862 | 9057 | 8.9% | 38734 | 34158 | 13.4% |
| Americas | 105 | 108 | (2.8)% | 140 | 94 | 48.9% | 221 | 114 | 93.9% | 110 | 135 | (18.5)% | 576 | 451 | 27.7% |
| **Total PMI** | **21734** | **16727** | **29.9%** | **24356** | **18708** | **30.2%** | **23489** | **18967** | **23.8%** | **25397** | **21709** | **17.0%** | **94976** | **76111** | **24.8%** |
| **Cigarettes and Heated Tobacco Units** | **Cigarettes and Heated Tobacco Units** | **Cigarettes and Heated Tobacco Units** |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Europe | 48919 | 51822 | (5.6)% | 55188 | 50564 | 9.1% | 56473 | 57592 | (1.9)% | 51904 | 49770 | 4.3% | 212484 | 209748 | 1.3% |
| SSEA, CIS & MEA | 81642 | 83663 | (2.4)% | 87533 | 83217 | 5.2% | 92539 | 91346 | 1.3% | 90368 | 88362 | 2.3% | 352082 | 346588 | 1.6% |
| EA, AU & PMI DF | 21695 | 23089 | (6.0)% | 22420 | 21412 | 4.7% | 23105 | 19680 | 17.4% | 22902 | 19912 | 15.0% | 90122 | 84093 | 7.2% |
| Americas | 14990 | 15171 | (1.2)% | 15353 | 14874 | 3.2% | 16215 | 15813 | 2.5% | 18605 | 18342 | 1.4% | 65163 | 64200 | 1.5% |
| **Total PMI** | **167246** | **173745** | **(3.7)%** | **180494** | **170067** | **6.1%** | **188332** | **184431** | **2.1%** | **183779** | **176386** | **4.2%** | **719851** | **704629** | **2.2%** |

---

------

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | | | | | | | **Schedule 2 (1/5)** |
| PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries |
| Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures |
| **Net Revenues by Product Category and Adjustments of Net Revenues for the Impact of Currency and Acquisitions** | **Net Revenues by Product Category and Adjustments of Net Revenues for the Impact of Currency and Acquisitions** | **Net Revenues by Product Category and Adjustments of Net Revenues for the Impact of Currency and Acquisitions** | **Net Revenues by Product Category and Adjustments of Net Revenues for the Impact of Currency and Acquisitions** | **Net Revenues by Product Category and Adjustments of Net Revenues for the Impact of Currency and Acquisitions** | **Net Revenues by Product Category and Adjustments of Net Revenues for the Impact of Currency and Acquisitions** | **Net Revenues by Product Category and Adjustments of Net Revenues for the Impact of Currency and Acquisitions** | **Net Revenues by Product Category and Adjustments of Net Revenues for the Impact of Currency and Acquisitions** | **Net Revenues by Product Category and Adjustments of Net Revenues for the Impact of Currency and Acquisitions** |
| ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) |
| **Net<br>Revenues** | **Currency** | **Net Revenues excluding<br>Currency** | **Acquisitions** | **Net Revenues excluding Currency & Acquisitions** | **Quarters Ended<br>March 31** | **Net<br>Revenues** | **Total** | **Excluding Currency & Acquisitions** |
| **2021** | **2021** | **2021** | **2021** | **2021** | **Combustible Tobacco** | **2020** | **% Change** | **% Change** |
| $2069 | $157 | $1912 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$— | $1912 | Europe | $2042 | 1.3% | (6.4)% |
| 2247 | (27) | 2274 |  | 2274 | SSEA, CIS & MEA | 2279 | (1.4)% | (0.2)% |
| 713 | 39 | 675 |  | 675 | EA, AU & PMI DF | 826 | (13.7)% | (18.3)% |
| 401 | (11) | 411 |  | 411 | Americas | 420 | (4.6)% | (2.1)% |
| **$5430** | **$158** | **$5272** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$—** | **$5272** | **Total Combustible Tobacco** | **$5568** | **(2.5)%** | **(5.3)%** |
| **2021** | **2021** | **2021** | **2021** | **2021** | **Smoke-free excl. W&H** | **2020** | **% Change** | **% Change** |
| $1053 | $65 | $988 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$— | $988 | Europe | $701 | 50.2% | 40.9% |
| 239 | (34) | 273 |  | 273 | SSEA, CIS & MEA | 206 | 15.9% | 32.6% |
| 830 | 36 | 793 |  | 793 | EA, AU & PMI DF | 651 | 27.5% | 21.9% |
| 33 |  | 34 |  | 34 | Americas | 28 | 19.7% | 21.2% |
| **$2155** | **$67** | **$2088** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$—** | **$2088** | **Total Smoke-free excl. W&H** | **$1585** | **35.9%** | **31.7%** |
| **2021** | **2021** | **2021** | **2021** | **2021** | **Wellness & Healthcare** | **2020** | **% Change** | **% Change** |
| **$—** | **$—** | **$—** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$—** | **$—** | **Wellness & Healthcare** | **$—** | **— %** | **— %** |
| **2021** | **2021** | **2021** | **2021** | **2021** | **Smoke-free incl. W&H** | **2020** | **% Change** | **% Change** |
| **$2155** | **$67** | **$2088** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$—** | **$2088** | **Total Smoke-free incl. W&H** | **$1585** | **35.9%** | **31.7%** |
| **2021** | **2021** | **2021** | **2021** | **2021** | **PMI** | **2020** | **% Change** | **% Change** |
| $3122 | $222 | $2900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$— | $2900 | Europe | $2743 | 13.8% | 5.7% |
| 2486 | (61) | 2547 |  | 2547 | SSEA, CIS & MEA | 2485 | —% | 2.5% |
| 1543 | 75 | 1468 |  | 1468 | EA, AU & PMI DF | 1477 | 4.5% | (0.6)% |
| 434 | (11) | 445 |  | 445 | Americas | 448 | (3.1)% | (0.7)% |
|  |  |  |  |  | Wellness & Healthcare |  | —% | —% |
| **$7585** | **$225** | **$7360** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$—** | **$7360** | **Total PMI** | **$7153** | **6.0%** | **2.9%** |
| Note: Sum of product categories or Regions might not foot to total PMI due to roundings. "-" indicates amounts between -$0.5 million and +$0.5 million. | Note: Sum of product categories or Regions might not foot to total PMI due to roundings. "-" indicates amounts between -$0.5 million and +$0.5 million. | Note: Sum of product categories or Regions might not foot to total PMI due to roundings. "-" indicates amounts between -$0.5 million and +$0.5 million. | Note: Sum of product categories or Regions might not foot to total PMI due to roundings. "-" indicates amounts between -$0.5 million and +$0.5 million. | Note: Sum of product categories or Regions might not foot to total PMI due to roundings. "-" indicates amounts between -$0.5 million and +$0.5 million. | Note: Sum of product categories or Regions might not foot to total PMI due to roundings. "-" indicates amounts between -$0.5 million and +$0.5 million. | Note: Sum of product categories or Regions might not foot to total PMI due to roundings. "-" indicates amounts between -$0.5 million and +$0.5 million. | Note: Sum of product categories or Regions might not foot to total PMI due to roundings. "-" indicates amounts between -$0.5 million and +$0.5 million. | Note: Sum of product categories or Regions might not foot to total PMI due to roundings. "-" indicates amounts between -$0.5 million and +$0.5 million. |

---

------

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | | | | | | | | **Schedule 2 (2/5)** |
| PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries |
| Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures |
| **Net Revenues by Product Category and Adjustments of Net Revenues for the Impact of Currency and Acquisitions** | **Net Revenues by Product Category and Adjustments of Net Revenues for the Impact of Currency and Acquisitions** | **Net Revenues by Product Category and Adjustments of Net Revenues for the Impact of Currency and Acquisitions** | **Net Revenues by Product Category and Adjustments of Net Revenues for the Impact of Currency and Acquisitions** | **Net Revenues by Product Category and Adjustments of Net Revenues for the Impact of Currency and Acquisitions** | **Net Revenues by Product Category and Adjustments of Net Revenues for the Impact of Currency and Acquisitions** | **Net Revenues by Product Category and Adjustments of Net Revenues for the Impact of Currency and Acquisitions** | **Net Revenues by Product Category and Adjustments of Net Revenues for the Impact of Currency and Acquisitions** | **Net Revenues by Product Category and Adjustments of Net Revenues for the Impact of Currency and Acquisitions** | **Net Revenues by Product Category and Adjustments of Net Revenues for the Impact of Currency and Acquisitions** |
| ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) |
| **Net<br>Revenues** |  | **Currency** | **Net Revenues excluding<br>Currency** | **Acquisitions** | **Net Revenues excluding Currency & Acquisitions** | **Quarters Ended<br>June 30** | **Net<br>Revenues** | **Total** | **Excluding Currency & Acquisitions** |
| **2021** | **2021** | **2021** | **2021** | **2021** | **2021** | **Combustible Tobacco** | **2020** | **% Change** | **% Change** |
| $2300 |  | $203 | $2096 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$— | $2096 | Europe | $2051 | 12.1% | 2.2% |
| 1904 | (a) | 48 | 1856 |  | 1856 | SSEA, CIS & MEA | 1989 | (4.3)% | (6.7)% |
| 688 |  | 29 | 659 |  | 659 | EA, AU & PMI DF | 642 | 7.2% | 2.7% |
| 398 |  | 28 | 369 |  | 369 | Americas | 341 | 16.5% | 8.1% |
| **$5290** |  | **$310** | **$4980** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$—** | **$4980** | **Total Combustible Tobacco** | **$5023** | **5.3%** | **(0.9)%** |
| **2021** | **2021** | **2021** | **2021** | **2021** | **2021** | **Smoke-free excl. W&H** | **2020** | **% Change** | **% Change** |
| $1058 |  | $92 | $967 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$— | $967 | Europe | $593 | 78.5% | 63.1% |
| 300 |  | 7 | 293 |  | 293 | SSEA, CIS & MEA | 206 | 45.6% | 42.4% |
| 914 |  | 12 | 902 |  | 902 | EA, AU & PMI DF | 802 | 13.9% | 12.5% |
| 32 |  | 1 | 32 |  | 32 | Americas | 27 | 21.6% | 19.7% |
| **$2304** |  | **$110** | **$2194** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$—** | **$2194** | **Total Smoke-free excl. W&H** | **$1628** | **41.6%** | **34.8%** |
| **2021** | **2021** | **2021** | **2021** | **2021** | **2021** | **Wellness & Healthcare** | **2020** | **% Change** | **% Change** |
| **$—** |  | **$—** | **$—** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$—** | **$—** | **Wellness & Healthcare** | **$—** | **— %** | **— %** |
| **2021** | **2021** | **2021** | **2021** | **2021** | **2021** | **Smoke-free incl. W&H** | **2020** | **% Change** | **% Change** |
| **$2304** |  | **$110** | **$2194** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$—** | **$2194** | **Total Smoke-free incl. W&H** | **$1628** | **41.6%** | **34.8%** |
| **2021** | **2021** | **2021** | **2021** | **2021** | **2021** | **PMI** | **2020** | **% Change** | **% Change** |
| $3358 |  | $295 | $3063 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$— | $3063 | Europe | $2644 | 27.0% | 15.8% |
| 2204 | (a) | 55 | 2149 |  | 2149 | SSEA, CIS & MEA | 2195 | 0.4% | (2.1)% |
| 1602 |  | 41 | 1561 |  | 1561 | EA, AU & PMI DF | 1444 | 10.9% | 8.1% |
| 430 |  | 29 | 401 |  | 401 | Americas | 368 | 16.8% | 9.0% |
|  |  |  |  |  |  | Wellness & Healthcare |  | —% | —% |
| **$7594** |  | **$420** | **$7174** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$—** | **$7174** | **Total PMI** | **$6651** | **14.2%** | **7.9%** |
| (a) Includes a reduction in net revenues of $246 million related to the Saudi Arabia customs assessment | (a) Includes a reduction in net revenues of $246 million related to the Saudi Arabia customs assessment | (a) Includes a reduction in net revenues of $246 million related to the Saudi Arabia customs assessment | (a) Includes a reduction in net revenues of $246 million related to the Saudi Arabia customs assessment | (a) Includes a reduction in net revenues of $246 million related to the Saudi Arabia customs assessment | (a) Includes a reduction in net revenues of $246 million related to the Saudi Arabia customs assessment | (a) Includes a reduction in net revenues of $246 million related to the Saudi Arabia customs assessment | (a) Includes a reduction in net revenues of $246 million related to the Saudi Arabia customs assessment | (a) Includes a reduction in net revenues of $246 million related to the Saudi Arabia customs assessment | (a) Includes a reduction in net revenues of $246 million related to the Saudi Arabia customs assessment |
| Note: Sum of product categories or Regions might not foot to total PMI due to roundings. "-" indicates amounts between -$0.5 million and +$0.5 million. | Note: Sum of product categories or Regions might not foot to total PMI due to roundings. "-" indicates amounts between -$0.5 million and +$0.5 million. | Note: Sum of product categories or Regions might not foot to total PMI due to roundings. "-" indicates amounts between -$0.5 million and +$0.5 million. | Note: Sum of product categories or Regions might not foot to total PMI due to roundings. "-" indicates amounts between -$0.5 million and +$0.5 million. | Note: Sum of product categories or Regions might not foot to total PMI due to roundings. "-" indicates amounts between -$0.5 million and +$0.5 million. | Note: Sum of product categories or Regions might not foot to total PMI due to roundings. "-" indicates amounts between -$0.5 million and +$0.5 million. | Note: Sum of product categories or Regions might not foot to total PMI due to roundings. "-" indicates amounts between -$0.5 million and +$0.5 million. | Note: Sum of product categories or Regions might not foot to total PMI due to roundings. "-" indicates amounts between -$0.5 million and +$0.5 million. | Note: Sum of product categories or Regions might not foot to total PMI due to roundings. "-" indicates amounts between -$0.5 million and +$0.5 million. | Note: Sum of product categories or Regions might not foot to total PMI due to roundings. "-" indicates amounts between -$0.5 million and +$0.5 million. |

---

------

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | | | | | | | **Schedule 2 (3/5)** | **Schedule 2 (3/5)** |
| PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries |
| Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures |
| **Net Revenues by Product Category and Adjustments of Net Revenues for the Impact of Currency and Acquisitions** | **Net Revenues by Product Category and Adjustments of Net Revenues for the Impact of Currency and Acquisitions** | **Net Revenues by Product Category and Adjustments of Net Revenues for the Impact of Currency and Acquisitions** | **Net Revenues by Product Category and Adjustments of Net Revenues for the Impact of Currency and Acquisitions** | **Net Revenues by Product Category and Adjustments of Net Revenues for the Impact of Currency and Acquisitions** | **Net Revenues by Product Category and Adjustments of Net Revenues for the Impact of Currency and Acquisitions** | **Net Revenues by Product Category and Adjustments of Net Revenues for the Impact of Currency and Acquisitions** | **Net Revenues by Product Category and Adjustments of Net Revenues for the Impact of Currency and Acquisitions** | **Net Revenues by Product Category and Adjustments of Net Revenues for the Impact of Currency and Acquisitions** | **Net Revenues by Product Category and Adjustments of Net Revenues for the Impact of Currency and Acquisitions** |
| ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) |
| **Net<br>Revenues** | **Currency** | **Net Revenues excluding<br>Currency** | **Acquisitions** | **Net Revenues excluding Currency & Acquisitions** | **Quarters Ended<br>September 30** | **Net<br>Revenues** | **Total** | **Excluding Currency** | **Excluding Currency & Acquisitions** |
| **2021** | **2021** | **2021** | **2021** | **2021** | **Combustible Tobacco** | **2020** | **% Change** | **% Change** | **% Change** |
| $2333 | $93 | $2240 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$— | $2240 | Europe | $2390 | (2.4)% | (6.3)% | (6.3)% |
| 2284 | (37) | 2322 |  | 2322 | SSEA, CIS & MEA | 2299 | (0.6)% | 1.0% | 1.0% |
| 733 | 7 | 726 |  | 726 | EA, AU & PMI DF | 627 | 16.9% | 15.7% | 15.7% |
| 417 | 19 | 398 |  | 398 | Americas | 369 | 13.0% | 7.8% | 7.8% |
| **$5767** | **$82** | **$5685** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$—** | **$5685** | **Total Combustible Tobacco** | **$5685** | **1.4%** | **— %** | **— %** |
| **2021** | **2021** | **2021** | **2021** | **2021** | **Smoke-free excl. W&H** | **2020** | **% Change** | **% Change** | **% Change** |
| $1100 | $41 | $1059 | $2 | $1057 | Europe | $786 | 40.0% | 34.8% | 34.5% |
| 271 | (6) | 276 |  | 276 | SSEA, CIS & MEA | 203 | 33.2% | 35.9% | 35.9% |
| 945 | (11) | 956 |  | 956 | EA, AU & PMI DF | 741 | 27.6% | 29.1% | 29.1% |
| 39 | 1 | 38 |  | 38 | Americas | 31 | 26.1% | 23.7% | 23.7% |
| **$2355** | **$25** | **$2330** | **$2** | **$2327** | **Total Smoke-free excl. W&H** | **$1761** | **33.7%** | **32.3%** | **32.2%** |
| **2021** | **2021** | **2021** | **2021** | **2021** | **Wellness & Healthcare** | **2020** | **% Change** | **% Change** | **% Change** |
| **$—** | **$—** | **$—** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$—** | **$—** | **Wellness & Healthcare** | **$—** | **— %** | **— %** | **— %** |
| **2021** | **2021** | **2021** | **2021** | **2021** | **Smoke-free incl. W&H** | **2020** | **% Change** | **% Change** | **% Change** |
| **$2355** | **$25** | **$2330** | **$2** | **$2327** | **Total Smoke-free incl. W&H** | **$1761** | **33.7%** | **32.3%** | **32.2%** |
| **2021** | **2021** | **2021** | **2021** | **2021** | **PMI** | **2020** | **% Change** | **% Change** | **% Change** |
| $3433 | $134 | $3299 | $2 | $3297 | Europe | $3176 | 8.1% | 3.9% | 3.8% |
| 2555 | (43) | 2598 |  | 2598 | SSEA, CIS & MEA | 2502 | 2.1% | 3.8% | 3.8% |
| 1678 | (4) | 1682 |  | 1682 | EA, AU & PMI DF | 1368 | 22.7% | 23.0% | 23.0% |
| 456 | 20 | 436 |  | 436 | Americas | 400 | 14.0% | 9.0% | 9.0% |
|  |  |  |  |  | Wellness & Healthcare |  | —% | —% | —% |
| **$8122** | **$107** | **$8015** | **$2** | **$8013** | **Total PMI** | **$7446** | **9.1%** | **7.6%** | **7.6%** |
| Note: Sum of product categories or Regions might not foot to total PMI due to roundings. "-" indicates amounts between -$0.5 million and +$0.5 million. | Note: Sum of product categories or Regions might not foot to total PMI due to roundings. "-" indicates amounts between -$0.5 million and +$0.5 million. | Note: Sum of product categories or Regions might not foot to total PMI due to roundings. "-" indicates amounts between -$0.5 million and +$0.5 million. | Note: Sum of product categories or Regions might not foot to total PMI due to roundings. "-" indicates amounts between -$0.5 million and +$0.5 million. | Note: Sum of product categories or Regions might not foot to total PMI due to roundings. "-" indicates amounts between -$0.5 million and +$0.5 million. | Note: Sum of product categories or Regions might not foot to total PMI due to roundings. "-" indicates amounts between -$0.5 million and +$0.5 million. | Note: Sum of product categories or Regions might not foot to total PMI due to roundings. "-" indicates amounts between -$0.5 million and +$0.5 million. | Note: Sum of product categories or Regions might not foot to total PMI due to roundings. "-" indicates amounts between -$0.5 million and +$0.5 million. | Note: Sum of product categories or Regions might not foot to total PMI due to roundings. "-" indicates amounts between -$0.5 million and +$0.5 million. | Note: Sum of product categories or Regions might not foot to total PMI due to roundings. "-" indicates amounts between -$0.5 million and +$0.5 million. |

---

------

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | | | | | | | **Schedule 2 (4/5)** | **Schedule 2 (4/5)** |
| PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries |
| Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures |
| **Net Revenues by Product Category and Adjustments of Net Revenues for the Impact of Currency and Acquisitions** | **Net Revenues by Product Category and Adjustments of Net Revenues for the Impact of Currency and Acquisitions** | **Net Revenues by Product Category and Adjustments of Net Revenues for the Impact of Currency and Acquisitions** | **Net Revenues by Product Category and Adjustments of Net Revenues for the Impact of Currency and Acquisitions** | **Net Revenues by Product Category and Adjustments of Net Revenues for the Impact of Currency and Acquisitions** | **Net Revenues by Product Category and Adjustments of Net Revenues for the Impact of Currency and Acquisitions** | **Net Revenues by Product Category and Adjustments of Net Revenues for the Impact of Currency and Acquisitions** | **Net Revenues by Product Category and Adjustments of Net Revenues for the Impact of Currency and Acquisitions** | **Net Revenues by Product Category and Adjustments of Net Revenues for the Impact of Currency and Acquisitions** | **Net Revenues by Product Category and Adjustments of Net Revenues for the Impact of Currency and Acquisitions** |
| ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) |
| **Net<br>Revenues** | **Currency** | **Net Revenues excluding<br>Currency** | **Acquisitions** | **Net Revenues excluding Currency & Acquisitions** | **Quarters Ended<br>December 31** | **Net<br>Revenues** | **Total** | **Excluding Currency** | **Excluding Currency & Acquisitions** |
| **2021** | **2021** | **2021** | **2021** | **2021** | **Combustible Tobacco** | **2020** | **% Change** | **% Change** | **% Change** |
| $2065 | $(18) | $2083 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$— | $2083 | Europe | $2092 | (1.3)% | (0.5)% | (0.5)% |
| 2298 | (29) | 2327 |  | 2327 | SSEA, CIS & MEA | 2293 | 0.2% | 1.5% | 1.5% |
| 727 | (10) | 737 |  | 737 | EA, AU & PMI DF | 639 | 13.7% | 15.3% | 15.3% |
| 490 | 8 | 483 |  | 483 | Americas | 446 | 10.0% | 8.2% | 8.2% |
| **$5579** | **$(50)** | **$5629** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$—** | **$5629** | **Total Combustible Tobacco** | **$5470** | **2.0%** | **2.9%** | **2.9%** |
| **2021** | **2021** | **2021** | **2021** | **2021** | **Smoke-free excl. W&H** | **2020** | **% Change** | **% Change** | **% Change** |
| $1177 | $(10) | $1187 | $6 | $1181 | Europe | $879 | 34.0% | 35.1% | 34.4% |
| 315 | 15 | 300 |  | 300 | SSEA, CIS & MEA | 267 | 18.1% | 12.5% | 12.5% |
| 898 | (30) | 928 |  | 928 | EA, AU & PMI DF | 789 | 13.9% | 17.7% | 17.7% |
| 33 |  | 32 |  | 32 | Americas | 39 | (16.4)% | (17.0)% | (17.0)% |
| **$2424** | **$(24)** | **$2448** | **$6** | **$2442** | **Total Smoke-free excl. W&H** | **$1974** | **22.8%** | **24.0%** | **23.7%** |
| **2021** | **2021** | **2021** | **2021** | **2021** | **Wellness & Healthcare** | **2020** | **% Change** | **% Change** | **% Change** |
| **$101** | **$—** | **$101** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$101** | **$—** | **Wellness & Healthcare** | **$—** | **— %** | **— %** | **— %** |
| **2021** | **2021** | **2021** | **2021** | **2021** | **Smoke-free incl. W&H** | **2020** | **% Change** | **% Change** | **% Change** |
| **$2525** | **$(24)** | **$2549** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$107** | **$2442** | **Total Smoke-free incl. W&H** | **$1974** | **27.9%** | **29.2%** | **23.7%** |
| **2021** | **2021** | **2021** | **2021** | **2021** | **PMI** | **2020** | **% Change** | **% Change** | **% Change** |
| $3242 | $(28) | $3270 | $6 | $3264 | Europe | $2971 | 9.1% | 10.1% | 9.9% |
| 2613 | (14) | 2627 |  | 2627 | SSEA, CIS & MEA | 2560 | 2.1% | 2.6% | 2.6% |
| 1625 | (40) | 1665 |  | 1665 | EA, AU & PMI DF | 1428 | 13.8% | 16.6% | 16.6% |
| 523 | 8 | 515 |  | 515 | Americas | 485 | 7.8% | 6.2% | 6.2% |
| 101 |  | 101 | 101 |  | Wellness & Healthcare |  | —% | —% | —% |
| **$8104** | **$(74)** | **$8178** | **$107** | **$8071** | **Total PMI** | **$7444** | **8.9%** | **9.9%** | **8.4%** |
| Note: Sum of product categories or Regions might not foot to total PMI due to roundings. "-" indicates amounts between -$0.5 million and +$0.5 million. | Note: Sum of product categories or Regions might not foot to total PMI due to roundings. "-" indicates amounts between -$0.5 million and +$0.5 million. | Note: Sum of product categories or Regions might not foot to total PMI due to roundings. "-" indicates amounts between -$0.5 million and +$0.5 million. | Note: Sum of product categories or Regions might not foot to total PMI due to roundings. "-" indicates amounts between -$0.5 million and +$0.5 million. | Note: Sum of product categories or Regions might not foot to total PMI due to roundings. "-" indicates amounts between -$0.5 million and +$0.5 million. | Note: Sum of product categories or Regions might not foot to total PMI due to roundings. "-" indicates amounts between -$0.5 million and +$0.5 million. | Note: Sum of product categories or Regions might not foot to total PMI due to roundings. "-" indicates amounts between -$0.5 million and +$0.5 million. | Note: Sum of product categories or Regions might not foot to total PMI due to roundings. "-" indicates amounts between -$0.5 million and +$0.5 million. | Note: Sum of product categories or Regions might not foot to total PMI due to roundings. "-" indicates amounts between -$0.5 million and +$0.5 million. | Note: Sum of product categories or Regions might not foot to total PMI due to roundings. "-" indicates amounts between -$0.5 million and +$0.5 million. |

---

------

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | | | | | | | | **Schedule 2 (5/5)** | **Schedule 2 (5/5)** |
| PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries |
| Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures |
| **Net Revenues by Product Category and Adjustments of Net Revenues for the Impact of Currency and Acquisitions** | **Net Revenues by Product Category and Adjustments of Net Revenues for the Impact of Currency and Acquisitions** | **Net Revenues by Product Category and Adjustments of Net Revenues for the Impact of Currency and Acquisitions** | **Net Revenues by Product Category and Adjustments of Net Revenues for the Impact of Currency and Acquisitions** | **Net Revenues by Product Category and Adjustments of Net Revenues for the Impact of Currency and Acquisitions** | **Net Revenues by Product Category and Adjustments of Net Revenues for the Impact of Currency and Acquisitions** | **Net Revenues by Product Category and Adjustments of Net Revenues for the Impact of Currency and Acquisitions** | **Net Revenues by Product Category and Adjustments of Net Revenues for the Impact of Currency and Acquisitions** | **Net Revenues by Product Category and Adjustments of Net Revenues for the Impact of Currency and Acquisitions** | **Net Revenues by Product Category and Adjustments of Net Revenues for the Impact of Currency and Acquisitions** | **Net Revenues by Product Category and Adjustments of Net Revenues for the Impact of Currency and Acquisitions** |
| ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) |
| **Net<br>Revenues** |  | **Currency** | **Net Revenues excluding<br>Currency** | **Acquisitions** | **Net Revenues excluding Currency & Acquisitions** | **Full Year Ended<br>December 31** | **Net<br>Revenues** | **Total** | **Excluding Currency** | **Excluding Currency & Acquisitions** |
| **2021** | **2021** | **2021** | **2021** | **2021** | **2021** | **Combustible Tobacco** | **2020** | **% Change** | **% Change** | **% Change** |
| $8767 |  | $435 | $8331 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$— | $8331 | Europe | $8576 | 2.2% | (2.9)% | (2.9)% |
| 8734 | (a) | (45) | 8778 |  | 8778 | SSEA, CIS & MEA | 8860 | (1.4)% | (0.9)% | (0.9)% |
| 2861 |  | 65 | 2796 |  | 2796 | EA, AU & PMI DF | 2734 | 4.6% | 2.3% | 2.3% |
| 1706 |  | 45 | 1661 |  | 1661 | Americas | 1577 | 8.2% | 5.3% | 5.3% |
| **$22067** |  | **$500** | **$21566** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$—** | **$21566** | **Total Combustible Tobacco** | **$21747** | **1.5%** | **(0.8)%** | **(0.8)%** |
| **2021** | **2021** | **2021** | **2021** | **2021** | **2021** | **Smoke-free excl. W&H** | **2020** | **% Change** | **% Change** | **% Change** |
| $4388 |  | $188 | $4201 | $8 | $4192 | Europe | $2958 | 48.4% | 42.0% | 41.7% |
| 1124 |  | (18) | 1143 |  | 1143 | SSEA, CIS & MEA | 882 | 27.5% | 29.6% | 29.6% |
| 3587 |  | 7 | 3580 |  | 3580 | EA, AU & PMI DF | 2983 | 20.3% | 20.0% | 20.0% |
| 137 |  | 1 | 136 |  | 136 | Americas | 124 | 10.3% | 9.5% | 9.5% |
| **$9237** |  | **$178** | **$9060** | **$8** | **$9051** | **Total Smoke-free excl. W&H** | **$6947** | **33.0%** | **30.4%** | **30.3%** |
| **2021** | **2021** | **2021** | **2021** | **2021** | **2021** | **Wellness & Healthcare** | **2020** | **% Change** | **% Change** | **% Change** |
| **$101** |  | **$—** | **$101** | **$101** | **$—** | **Wellness & Healthcare** | **$—** | **— %** | **— %** | **— %** |
| **2021** | **2021** | **2021** | **2021** | **2021** | **2021** | **Smoke-free incl. W&H** | **2020** | **% Change** | **% Change** | **% Change** |
| **$9338** |  | **$178** | **$9161** | **$109** | **$9051** | **Total Smoke-free incl. W&H** | **$6947** | **34.4%** | **31.9%** | **30.3%** |
| **2021** | **2021** | **2021** | **2021** | **2021** | **2021** | **PMI** | **2020** | **% Change** | **% Change** | **% Change** |
| $13155 |  | $623 | $12532 | $8 | $12524 | Europe | $11534 | 14.1% | 8.7% | 8.6% |
| 9858 | (a) | (63) | 9921 |  | 9921 | SSEA, CIS & MEA | 9742 | 1.2% | 1.8% | 1.8% |
| 6448 |  | 72 | 6376 |  | 6376 | EA, AU & PMI DF | 5717 | 12.8% | 11.5% | 11.5% |
| 1843 |  | 46 | 1797 |  | 1797 | Americas | 1701 | 8.3% | 5.6% | 5.6% |
| 101 |  |  | 101 | 101 |  | Wellness & Healthcare |  | —% | —% | —% |
| **$31405** |  | **$678** | **$30727** | **$109** | **$30618** | **Total PMI** | **$28694** | **9.4%** | **7.1%** | **6.7%** |
| (a) Includes a reduction in net revenues of $246 million related to the Saudi Arabia customs assessment | (a) Includes a reduction in net revenues of $246 million related to the Saudi Arabia customs assessment | (a) Includes a reduction in net revenues of $246 million related to the Saudi Arabia customs assessment | (a) Includes a reduction in net revenues of $246 million related to the Saudi Arabia customs assessment | (a) Includes a reduction in net revenues of $246 million related to the Saudi Arabia customs assessment | (a) Includes a reduction in net revenues of $246 million related to the Saudi Arabia customs assessment | (a) Includes a reduction in net revenues of $246 million related to the Saudi Arabia customs assessment | (a) Includes a reduction in net revenues of $246 million related to the Saudi Arabia customs assessment | (a) Includes a reduction in net revenues of $246 million related to the Saudi Arabia customs assessment | (a) Includes a reduction in net revenues of $246 million related to the Saudi Arabia customs assessment | (a) Includes a reduction in net revenues of $246 million related to the Saudi Arabia customs assessment |
| Note: Sum of product categories or Regions might not foot to total PMI due to roundings. "-" indicates amounts between -$0.5 million and +$0.5 million. | Note: Sum of product categories or Regions might not foot to total PMI due to roundings. "-" indicates amounts between -$0.5 million and +$0.5 million. | Note: Sum of product categories or Regions might not foot to total PMI due to roundings. "-" indicates amounts between -$0.5 million and +$0.5 million. | Note: Sum of product categories or Regions might not foot to total PMI due to roundings. "-" indicates amounts between -$0.5 million and +$0.5 million. | Note: Sum of product categories or Regions might not foot to total PMI due to roundings. "-" indicates amounts between -$0.5 million and +$0.5 million. | Note: Sum of product categories or Regions might not foot to total PMI due to roundings. "-" indicates amounts between -$0.5 million and +$0.5 million. | Note: Sum of product categories or Regions might not foot to total PMI due to roundings. "-" indicates amounts between -$0.5 million and +$0.5 million. | Note: Sum of product categories or Regions might not foot to total PMI due to roundings. "-" indicates amounts between -$0.5 million and +$0.5 million. | Note: Sum of product categories or Regions might not foot to total PMI due to roundings. "-" indicates amounts between -$0.5 million and +$0.5 million. | Note: Sum of product categories or Regions might not foot to total PMI due to roundings. "-" indicates amounts between -$0.5 million and +$0.5 million. | Note: Sum of product categories or Regions might not foot to total PMI due to roundings. "-" indicates amounts between -$0.5 million and +$0.5 million. |

---

------

---

| | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | | | | | | | | | | | **Schedule 3** | **Schedule 3** |
| PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries |
| Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures |
| **Reconciliation of Net Revenues to Adjusted Net Revenues, excluding Currency and Acquisitions** | **Reconciliation of Net Revenues to Adjusted Net Revenues, excluding Currency and Acquisitions** | **Reconciliation of Net Revenues to Adjusted Net Revenues, excluding Currency and Acquisitions** | **Reconciliation of Net Revenues to Adjusted Net Revenues, excluding Currency and Acquisitions** | **Reconciliation of Net Revenues to Adjusted Net Revenues, excluding Currency and Acquisitions** | **Reconciliation of Net Revenues to Adjusted Net Revenues, excluding Currency and Acquisitions** | **Reconciliation of Net Revenues to Adjusted Net Revenues, excluding Currency and Acquisitions** | **Reconciliation of Net Revenues to Adjusted Net Revenues, excluding Currency and Acquisitions** | **Reconciliation of Net Revenues to Adjusted Net Revenues, excluding Currency and Acquisitions** | **Reconciliation of Net Revenues to Adjusted Net Revenues, excluding Currency and Acquisitions** | **Reconciliation of Net Revenues to Adjusted Net Revenues, excluding Currency and Acquisitions** | **Reconciliation of Net Revenues to Adjusted Net Revenues, excluding Currency and Acquisitions** | **Reconciliation of Net Revenues to Adjusted Net Revenues, excluding Currency and Acquisitions** | **Reconciliation of Net Revenues to Adjusted Net Revenues, excluding Currency and Acquisitions** |
| ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) |
| **Net<br>Revenues** | **Special Items (a)** | **Adjusted Net<br>Revenues** | **Currency** | **Adjusted Net<br>Revenues excluding Currency** | **Acqui-<br>sitions** | **Adjusted <br>Net<br>Revenues excluding Currency <br>& Acqui-<br>sitions** |  | **Net<br>Revenues** | **Special Items** | **Adjusted Net<br>Revenues** | **Total** | **Excluding Currency** | **Excluding Currency<br>& Acqui-<br>sitions** |
| **2021** | **2021** | **2021** | **2021** | **2021** | **2021** | **2021** | **Quarters Ended<br>June 30,** | **2020** | **2020** | **2020** | **% Change** | **% Change** | **% Change** |
| $3358 | $— | $3358 | $295 | $3063 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$— | $3063 | Europe | $2644 | $— | $2644 | 27.0% | 15.8% | 15.8% |
| 2204 | (246) | 2450 | 55 | 2395 |  | 2395 | SSEA, CIS & MEA | 2195 |  | 2195 | 11.6% | 9.1% | 9.1% |
| 1602 |  | 1602 | 41 | 1561 |  | 1561 | EA, AU & PMI DF | 1444 |  | 1444 | 10.9% | 8.1% | 8.1% |
| 430 |  | 430 | 29 | 401 |  | 401 | Americas | 368 |  | 368 | 16.8% | 9.0% | 9.0% |
|  |  |  |  |  |  |  | Wellness & Healthcare |  |  |  | —% | —% | —% |
| **$7594** | **$(246)** | **$7840** | **$420** | **$7420** | **$—** | **$7420** | **Total PMI** | **$6651** | **$—** | **$6651** | **17.9%** | **11.6%** | **11.6%** |
| **2021** | **2021** | **2021** | **2021** | **2021** | **2021** | **2021** | **Years Ended<br>December 31,** | **2020** | **2020** | **2020** | **% Change** | **% Change** | **% Change** |
| $13155 | $— | $13155 | $623 | $12532 | $8 | $12524 | Europe | $11534 | $— | $11534 | 14.1% | 8.7% | 8.6% |
| 9858 | (246) | 10104 | (63) | 10167 |  | 10167 | SSEA, CIS & MEA | 9742 |  | 9742 | 3.7% | 4.4% | 4.4% |
| 6448 |  | 6448 | 72 | 6376 |  | 6376 | EA, AU & PMI DF | 5717 |  | 5717 | 12.8% | 11.5% | 11.5% |
| 1843 |  | 1843 | 46 | 1797 |  | 1797 | Americas | 1701 |  | 1701 | 8.3% | 5.6% | 5.6% |
| 101 |  | 101 |  | 101 | 101 |  | Wellness & Healthcare |  |  |  | —% | —% | —% |
| **$31405** | **$(246)** | **$31651** | **$678** | **$30973** | **$109** | **$30864** | **Total PMI** | **$28694** | **$—** | **$28694** | **10.3%** | **7.9%** | **7.6%** |
| (a) Represents the reduction in net revenues of $246 million related to the Saudi Arabia customs assessment impacting only second quarter and full-year | (a) Represents the reduction in net revenues of $246 million related to the Saudi Arabia customs assessment impacting only second quarter and full-year | (a) Represents the reduction in net revenues of $246 million related to the Saudi Arabia customs assessment impacting only second quarter and full-year | (a) Represents the reduction in net revenues of $246 million related to the Saudi Arabia customs assessment impacting only second quarter and full-year | (a) Represents the reduction in net revenues of $246 million related to the Saudi Arabia customs assessment impacting only second quarter and full-year | (a) Represents the reduction in net revenues of $246 million related to the Saudi Arabia customs assessment impacting only second quarter and full-year | (a) Represents the reduction in net revenues of $246 million related to the Saudi Arabia customs assessment impacting only second quarter and full-year | (a) Represents the reduction in net revenues of $246 million related to the Saudi Arabia customs assessment impacting only second quarter and full-year | (a) Represents the reduction in net revenues of $246 million related to the Saudi Arabia customs assessment impacting only second quarter and full-year | (a) Represents the reduction in net revenues of $246 million related to the Saudi Arabia customs assessment impacting only second quarter and full-year | (a) Represents the reduction in net revenues of $246 million related to the Saudi Arabia customs assessment impacting only second quarter and full-year | (a) Represents the reduction in net revenues of $246 million related to the Saudi Arabia customs assessment impacting only second quarter and full-year | (a) Represents the reduction in net revenues of $246 million related to the Saudi Arabia customs assessment impacting only second quarter and full-year | (a) Represents the reduction in net revenues of $246 million related to the Saudi Arabia customs assessment impacting only second quarter and full-year |

---

------

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | | | | | | | **Schedule 4 (1/2)** |
| PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries |
| Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures |
| **Adjustments of Operating Income for the Impact of Currency and Acquisitions** | **Adjustments of Operating Income for the Impact of Currency and Acquisitions** | **Adjustments of Operating Income for the Impact of Currency and Acquisitions** | **Adjustments of Operating Income for the Impact of Currency and Acquisitions** | **Adjustments of Operating Income for the Impact of Currency and Acquisitions** | **Adjustments of Operating Income for the Impact of Currency and Acquisitions** | **Adjustments of Operating Income for the Impact of Currency and Acquisitions** | **Adjustments of Operating Income for the Impact of Currency and Acquisitions** | **Adjustments of Operating Income for the Impact of Currency and Acquisitions** |
| ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) |
| **Operating Income** | **Currency** | **Operating Income excluding Currency** | **Acquisitions** | **Operating Income excluding Currency & Acquisitions** |  | **Operating Income** | **Total** | **Excluding Currency & Acquisitions** |
| **2021** | **2021** | **2021** | **2021** | **2021** | **Quarters Ended<br>March 31** | **2020** | **% Change** | **% Change** |
| $1573 | $165 | $1408 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$— | $1408 | Europe | $1203 | 30.8% | 17.0% |
| 1011 | (3) | 1014 |  | 1014 | SSEA, CIS & MEA | 827 | 22.2% | 22.6% |
| 726 | 19 | 707 |  | 707 | EA, AU & PMI DF | 633 | 14.7% | 11.7% |
| 134 | 6 | 128 |  | 128 | Americas | 126 | 6.3% | 1.6% |
| **$3444** | **$187** | **$3257** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$—** | **$3257** | **Total PMI** | **$2789** | **23.5%** | **16.8%** |
| **2021** | **2021** | **2021** | **2021** | **2021** | **Quarters Ended<br>June 30** | **2020** | **% Change** | **% Change** |
| $1713 | $173 | $1540 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$— | $1540 | Europe | $1235 | 38.7% | 24.7% |
| 552 | (47) | 599 |  | 599 | SSEA, CIS & MEA | 765 | (27.8)% | (21.7)% |
| 752 |  | 752 |  | 752 | EA, AU & PMI DF | 639 | 17.7% | 17.7% |
| 112 | 2 | 110 |  | 110 | Americas | 92 | 21.7% | 19.6% |
| **$3129** | **$128** | **$3001** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$—** | **$3001** | **Total PMI** | **$2731** | **14.6%** | **9.9%** |
| **2021** | **2021** | **2021** | **2021** | **2021** | **Quarters Ended<br>September 30** | **2020** | **% Change** | **% Change** |
| $1770 | $86 | $1684 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$— | $1684 | Europe | $1666 | 6.2% | 1.1% |
| 888 | (4) | 892 |  | 892 | SSEA, CIS & MEA | 872 | 1.8% | 2.3% |
| 727 | (21) | 748 |  | 748 | EA, AU & PMI DF | 595 | 22.2% | 25.7% |
| 121 | 4 | 117 |  | 117 | Americas | 110 | 10.0% | 6.4% |
| (51) |  | (51) |  | (51) | Wellness & Healthcare |  | —% | —% |
| **$3455** | **$65** | **$3390** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$—** | **$3390** | **Total PMI** | **$3243** | **6.5%** | **4.5%** |

---

------

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | | | | | | | **Schedule 4 (2/2)** | **Schedule 4 (2/2)** |
| PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries |
| Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures |
| **Adjustments of Operating Income for the Impact of Currency and Acquisitions** | **Adjustments of Operating Income for the Impact of Currency and Acquisitions** | **Adjustments of Operating Income for the Impact of Currency and Acquisitions** | **Adjustments of Operating Income for the Impact of Currency and Acquisitions** | **Adjustments of Operating Income for the Impact of Currency and Acquisitions** | **Adjustments of Operating Income for the Impact of Currency and Acquisitions** | **Adjustments of Operating Income for the Impact of Currency and Acquisitions** | **Adjustments of Operating Income for the Impact of Currency and Acquisitions** | **Adjustments of Operating Income for the Impact of Currency and Acquisitions** | **Adjustments of Operating Income for the Impact of Currency and Acquisitions** |
| ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) |
| **Operating Income** | **Currency** | **Operating Income excluding Currency** | **Acquisitions** | **Operating Income excluding Currency & Acquisitions** |  | **Operating Income** | **Total** | **Excluding Currency** | **Excluding Currency & Acquisitions** |
| **2021** | **2021** | **2021** | **2021** | **2021** | **Quarters Ended<br>December 31** | **2020** | **% Change** | **% Change** | **% Change** |
| $1353 | $(31) | $1384 | $2 | $1382 | Europe | $1248 | 8.4% | 10.9% | 10.7% |
| 844 | (43) | 887 |  | 887 | SSEA, CIS & MEA | 812 | 3.9% | 9.2% | 9.2% |
| 631 | (43) | 674 |  | 674 | EA, AU & PMI DF | 609 | 3.6% | 10.7% | 10.7% |
| 120 | 6 | 114 |  | 114 | Americas | 236 | (49.2)% | (51.7)% | (51.7)% |
| (1) |  | (1) | (1) |  | Wellness & Healthcare |  | —% | —% | —% |
| **$2947** | **$(111)** | **$3058** | **$1** | **$3057** | **Total PMI** | **$2905** | **1.4%** | **5.3%** | **5.2%** |
| **2021** | **2021** | **2021** | **2021** | **2021** | **Full Year Ended<br>December 31** | **2020** | **% Change** | **% Change** | **% Change** |
| $6409 | $393 | $6016 | $2 | $6014 | Europe | $5352 | 19.7% | 12.4% | 12.4% |
| 3295 | (97) | 3392 |  | 3392 | SSEA, CIS & MEA | 3276 | 0.6% | 3.5% | 3.5% |
| 2836 | (45) | 2881 |  | 2881 | EA, AU & PMI DF | 2476 | 14.5% | 16.4% | 16.4% |
| 487 | 18 | 469 |  | 469 | Americas | 564 | (13.7)% | (16.8)% | (16.8)% |
| (52) |  | (52) | (1) | (51) | Wellness & Healthcare |  | —% | —% | —% |
| **$12975** | **$269** | **$12706** | **$1** | **$12705** | **Total PMI** | **$11668** | **11.2%** | **8.9%** | **8.9%** |

---

------

---

| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | | | | | | | | | | | | **Schedule 5** | **Schedule 5** | **Schedule 5** |
| PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries |  |
| **Net Revenues and Operating Income: Price, Volume/Mix and Cost/Other Variances** | **Net Revenues and Operating Income: Price, Volume/Mix and Cost/Other Variances** | **Net Revenues and Operating Income: Price, Volume/Mix and Cost/Other Variances** | **Net Revenues and Operating Income: Price, Volume/Mix and Cost/Other Variances** | **Net Revenues and Operating Income: Price, Volume/Mix and Cost/Other Variances** | **Net Revenues and Operating Income: Price, Volume/Mix and Cost/Other Variances** | **Net Revenues and Operating Income: Price, Volume/Mix and Cost/Other Variances** | **Net Revenues and Operating Income: Price, Volume/Mix and Cost/Other Variances** | **Net Revenues and Operating Income: Price, Volume/Mix and Cost/Other Variances** | **Net Revenues and Operating Income: Price, Volume/Mix and Cost/Other Variances** | **Net Revenues and Operating Income: Price, Volume/Mix and Cost/Other Variances** | **Net Revenues and Operating Income: Price, Volume/Mix and Cost/Other Variances** | **Net Revenues and Operating Income: Price, Volume/Mix and Cost/Other Variances** | **Net Revenues and Operating Income: Price, Volume/Mix and Cost/Other Variances** | **Net Revenues and Operating Income: Price, Volume/Mix and Cost/Other Variances** |  |
| ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) |  |
|  | **2021 vs. 2020** | **2021 vs. 2020** | **2021 vs. 2020** | **2021 vs. 2020** | **2021 vs. 2020** | **2021 vs. 2020** | **2021 vs. 2020** | **2021 vs. 2020** | **2021 vs. 2020** | **2021 vs. 2020** | **2021 vs. 2020** | **2021 vs. 2020** | **2021 vs. 2020** | **2021 vs. 2020** |  |
|  | **Quarters<br>Ended March 31** | **Quarters<br>Ended March 31** | **Quarters<br>Ended March 31** | **Quarters<br>Ended June 30** | **Quarters<br>Ended June 30** | **Quarters<br>Ended June 30** | **Quarters<br>Ended September 30** | **Quarters<br>Ended September 30** | **Quarters<br>Ended September 30** | **Quarters<br>Ended December 31** | **Quarters<br>Ended December 31** | **Quarters<br>Ended December 31** | **Full Year<br>Ended December 31** | **Full Year<br>Ended December 31** | **Full Year<br>Ended December 31** |
|  | **Price** | **Volume/Mix** | **Cost/Other** | **Price** | **Volume/Mix** | **Cost/Other** | **Price** | **Volume/Mix** | **Cost/Other** | **Price** | **Volume/Mix** | **Cost/Other** | **Price** | **Volume/Mix** | **Cost/Other** |
| **Net Revenues** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Europe | $51 | $106 | $— | $13 | $406 | $— | $(22) | $143 | $— | $(17) | $310 | $— | $25 | $965 | $— |
| SSEA, CIS & MEA | 33 | (1) | 30 | 118 | 114 | (278) | 119 | 6 | (29) | 29 | 48 | (10) | 299 | 167 | (287) |
| EA, AU & PMI DF | 121 | (130) |  | 84 | 33 |  | 45 | 269 |  | 48 | 189 |  | 298 | 361 |  |
| Americas | 1 | (6) | 2 | 11 | 22 |  | 16 | 21 | (1) | 17 | 8 | 5 | 45 | 45 | 6 |
| Wellness & Healthcare |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| **Total PMI** | **$206** | **$(31)** | **$32** | **$226** | **$575** | **$(278)** | **$158** | **$439** | **$(30)** | **$77** | **$555** | **$(5)** | **$667** | **$1538** | **$(281)** |
| **Operating Income** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Europe | $51 | $105 | $49 | $13 | $345 | $(53) | $(22) | $123 | $(83) | $(17) | $224 | $(73) | $25 | $797 | $(160) |
| SSEA, CIS & MEA | 33 | (4) | 158 | 118 | 48 | (332) | 119 | (23) | (76) | 29 | 30 | 16 | 299 | 51 | (234) |
| EA, AU & PMI DF | 121 | (87) | 40 | 84 | 25 | 4 | 45 | 125 | (17) | 48 | 101 | (84) | 298 | 164 | (57) |
| Americas | 1 | (16) | 17 | 11 | 10 | (3) | 16 | 3 | (12) | 17 | (1) | (138) | 45 | (4) | (136) |
| Wellness & Healthcare |  |  |  |  |  |  |  |  | (51) |  |  |  |  |  | (51) |
| **Total PMI** | **$206** | **$(2)** | **$264** | **$226** | **$428** | **$(384)** | **$158** | **$228** | **$(239)** | **$77** | **$354** | **$(279)** | **$667** | **$1008** | **$(638)** |

---

------

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | | | | | | | | | | | **Schedule 6 (1/2)** |
| PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries |
| Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures |
| **Reconciliation of Operating Income to Adjusted Operating Income, excluding Currency and Acquisitions** | **Reconciliation of Operating Income to Adjusted Operating Income, excluding Currency and Acquisitions** | **Reconciliation of Operating Income to Adjusted Operating Income, excluding Currency and Acquisitions** | **Reconciliation of Operating Income to Adjusted Operating Income, excluding Currency and Acquisitions** | **Reconciliation of Operating Income to Adjusted Operating Income, excluding Currency and Acquisitions** | **Reconciliation of Operating Income to Adjusted Operating Income, excluding Currency and Acquisitions** | **Reconciliation of Operating Income to Adjusted Operating Income, excluding Currency and Acquisitions** | **Reconciliation of Operating Income to Adjusted Operating Income, excluding Currency and Acquisitions** | **Reconciliation of Operating Income to Adjusted Operating Income, excluding Currency and Acquisitions** | **Reconciliation of Operating Income to Adjusted Operating Income, excluding Currency and Acquisitions** | **Reconciliation of Operating Income to Adjusted Operating Income, excluding Currency and Acquisitions** | **Reconciliation of Operating Income to Adjusted Operating Income, excluding Currency and Acquisitions** | **Reconciliation of Operating Income to Adjusted Operating Income, excluding Currency and Acquisitions** |
| ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) |
| **Operating Income** | **Special Items (a)** | **Adjusted Operating Income** | **Currency** | **Adjusted Operating Income excluding Currency** | **Acquisitions** | **Adjusted Operating Income excluding Currency & Acquisitions** |  | **Operating Income** | **Special Items (a)** | **Adjusted Operating Income** | **Total** | **Excluding Currency & Acquisitions** |
| **2021** | **2021** | **2021** | **2021** | **2021** | **2021** | **2021** | **Quarters Ended<br>March 31** | **2020** | **2020** | **2020** | **% Change** | **% Change** |
| $1573 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$(19) | $1592 | $165 | $1427 | $— | $1427 | Europe | $1203 | $(9) | $1212 | 31.4% | 17.7% |
| 1011 | (12) | 1023 | (3) | 1026 |  | 1026 | SSEA, CIS & MEA | 827 | (6) | 833 | 22.8% | 23.2% |
| 726 | (32) | 758 | 19 | 739 |  | 739 | EA, AU & PMI DF | 633 | (1) | 634 | 19.6% | 16.6% |
| 134 | (3) | 137 | 6 | 131 |  | 131 | Americas | 126 | (2) | 128 | 7.0% | 2.3% |
| **$3444** | **$(66)** | **$3510** | **$187** | **$3323** | **$—** | **$3323** | **Total PMI** | **$2789** | **$(18)** | **$2807** | **25.0%** | **18.4%** |
| **2021** | **2021** | **2021** | **2021** | **2021** | **2021** | **2021** | **Quarters Ended<br>June 30** | **2020** | **2020** | **2020** | **% Change** | **% Change** |
| $1713 | $(45) | $1758 | $173 | $1585 | $— | $1585 | Europe | $1235 | $(38) | $1273 | 38.1% | 24.5% |
| 552 | (274) | 826 | (47) | 873 |  | 873 | SSEA, CIS & MEA | 765 | (31) | 796 | 3.8% | 9.7% |
| 752 | (18) | 770 |  | 770 |  | 770 | EA, AU & PMI DF | 639 | (14) | 653 | 17.9% | 17.9% |
| 112 | (7) | 119 | 2 | 117 |  | 117 | Americas | 92 | (7) | 99 | 20.2% | 18.2% |
| **$3129** | **$(344)** | **$3473** | **$128** | **$3345** | **$—** | **$3345** | **Total PMI** | **$2731** | **$(90)** | **$2821** | **23.1%** | **18.6%** |
| **2021** | **2021** | **2021** | **2021** | **2021** | **2021** | **2021** | **Quarters Ended<br>September 30** | **2020** | **2020** | **2020** | **% Change** | **% Change** |
| $1770 | $(22) | $1792 | $86 | $1706 | $— | $1706 | Europe | $1666 | $(10) | $1676 | 6.9% | 1.8% |
| 888 | (14) | 902 | (4) | 906 |  | 906 | SSEA, CIS & MEA | 872 | (5) | 877 | 2.9% | 3.3% |
| 727 | (22) | 749 | (21) | 770 |  | 770 | EA, AU & PMI DF | 595 | (1) | 596 | 25.7% | 29.2% |
| 121 | (3) | 124 | 4 | 120 |  | 120 | Americas | 110 | (2) | 112 | 10.7% | 7.1% |
| (51) | (51) |  |  |  |  |  | Wellness & Healthcare |  |  |  | —% | —% |
| **$3455** | **$(112)** | **$3567** | **$65** | **$3502** | **$—** | **$3502** | **Total PMI** | **$3243** | **$(18)** | **$3261** | **9.4%** | **7.4%** |
| (a) For details on Special Items, refer to Schedule 7 | (a) For details on Special Items, refer to Schedule 7 | (a) For details on Special Items, refer to Schedule 7 | (a) For details on Special Items, refer to Schedule 7 | (a) For details on Special Items, refer to Schedule 7 | (a) For details on Special Items, refer to Schedule 7 | (a) For details on Special Items, refer to Schedule 7 | (a) For details on Special Items, refer to Schedule 7 | (a) For details on Special Items, refer to Schedule 7 | (a) For details on Special Items, refer to Schedule 7 | (a) For details on Special Items, refer to Schedule 7 | (a) For details on Special Items, refer to Schedule 7 | (a) For details on Special Items, refer to Schedule 7 |

---

------

---

| | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | | | | | | | | | | | **Schedule 6 (2/2)** | **Schedule 6 (2/2)** |
| PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries |
| Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures |
| **Reconciliation of Operating Income to Adjusted Operating Income, excluding Currency and Acquisitions** | **Reconciliation of Operating Income to Adjusted Operating Income, excluding Currency and Acquisitions** | **Reconciliation of Operating Income to Adjusted Operating Income, excluding Currency and Acquisitions** | **Reconciliation of Operating Income to Adjusted Operating Income, excluding Currency and Acquisitions** | **Reconciliation of Operating Income to Adjusted Operating Income, excluding Currency and Acquisitions** | **Reconciliation of Operating Income to Adjusted Operating Income, excluding Currency and Acquisitions** | **Reconciliation of Operating Income to Adjusted Operating Income, excluding Currency and Acquisitions** | **Reconciliation of Operating Income to Adjusted Operating Income, excluding Currency and Acquisitions** | **Reconciliation of Operating Income to Adjusted Operating Income, excluding Currency and Acquisitions** | **Reconciliation of Operating Income to Adjusted Operating Income, excluding Currency and Acquisitions** | **Reconciliation of Operating Income to Adjusted Operating Income, excluding Currency and Acquisitions** | **Reconciliation of Operating Income to Adjusted Operating Income, excluding Currency and Acquisitions** | **Reconciliation of Operating Income to Adjusted Operating Income, excluding Currency and Acquisitions** | **Reconciliation of Operating Income to Adjusted Operating Income, excluding Currency and Acquisitions** |
| ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) |
| **Operating Income** | **Special Items (a)** | **Adjusted Operating Income** | **Currency** | **Adjusted Operating Income excluding Currency** | **Acquisitions** | **Adjusted Operating Income excluding Currency & Acquisitions** |  | **Operating Income** | **Special Items (a)** | **Adjusted Operating Income** | **Total** | **Excluding Currency** | **Excluding Currency & Acquisitions** |
| **2021** | **2021** | **2021** | **2021** | **2021** | **2021** | **2021** | **Quarters Ended<br>December 31** | **2020** | **2020** | **2020** | **% Change** | **% Change** | **% Change** |
| $1353 | $(23) | $1376 | $(31) | $1407 | $2 | $1405 | Europe | $1248 | $(39) | $1287 | 6.9% | 9.3% | 9.2% |
| 844 | (19) | 863 | (43) | 906 |  | 906 | SSEA, CIS & MEA | 812 | (34) | 846 | 2.0% | 7.1% | 7.1% |
| 631 | (23) | 654 | (43) | 697 |  | 697 | EA, AU & PMI DF | 609 | (16) | 625 | 4.6% | 11.5% | 11.5% |
| 120 | (4) | 124 | 6 | 118 |  | 118 | Americas | 236 | 112 | 124 | —% | (4.8)% | (4.8)% |
| (1) | (18) | 17 |  | 17 | 17 |  | Wellness & Healthcare |  |  |  | —% | —% | —% |
| **$2947** | **$(87)** | **$3034** | **$(111)** | **$3145** | **$19** | **$3126** | **Total PMI** | **$2905** | **$23** | **$2882** | **5.3%** | **9.1%** | **8.5%** |
| **2021** | **2021** | **2021** | **2021** | **2021** | **2021** | **2021** | **Full Year Ended<br>December 31** | **2020** | **2020** | **2020** | **% Change** | **% Change** | **% Change** |
| $6409 | $(109) | $6518 | $393 | $6125 | $2 | $6123 | Europe | $5352 | $(96) | $5448 | 19.6% | 12.4% | 12.4% |
| 3295 | (319) | 3614 | (97) | 3711 |  | 3711 | SSEA, CIS & MEA | 3276 | (76) | 3352 | 7.8% | 10.7% | 10.7% |
| 2836 | (95) | 2931 | (45) | 2976 |  | 2976 | EA, AU & PMI DF | 2476 | (32) | 2508 | 16.9% | 18.7% | 18.7% |
| 487 | (17) | 504 | 18 | 486 |  | 486 | Americas | 564 | 101 | 463 | 8.9% | 5.0% | 5.0% |
| (52) | (69) | 17 |  | 17 | 17 |  | Wellness & Healthcare |  |  |  | —% | —% | —% |
| **$12975** | **$(609)** | **$13584** | **$269** | **$13315** | **$19** | **$13296** | **Total PMI** | **$11668** | **$(103)** | **$11771** | **15.4%** | **13.1%** | **13.0%** |
| (a) For details on Special Items, refer to Schedule 7 | (a) For details on Special Items, refer to Schedule 7 | (a) For details on Special Items, refer to Schedule 7 | (a) For details on Special Items, refer to Schedule 7 | (a) For details on Special Items, refer to Schedule 7 | (a) For details on Special Items, refer to Schedule 7 | (a) For details on Special Items, refer to Schedule 7 | (a) For details on Special Items, refer to Schedule 7 | (a) For details on Special Items, refer to Schedule 7 | (a) For details on Special Items, refer to Schedule 7 | (a) For details on Special Items, refer to Schedule 7 | (a) For details on Special Items, refer to Schedule 7 | (a) For details on Special Items, refer to Schedule 7 | (a) For details on Special Items, refer to Schedule 7 |

---

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | | | | | **Schedule 7 (1/4)** |
| PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries |
| Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures |
| **Reconciliation of Reported Operating Income to Adjusted Operating Income** | **Reconciliation of Reported Operating Income to Adjusted Operating Income** | **Reconciliation of Reported Operating Income to Adjusted Operating Income** | **Reconciliation of Reported Operating Income to Adjusted Operating Income** | **Reconciliation of Reported Operating Income to Adjusted Operating Income** | **Reconciliation of Reported Operating Income to Adjusted Operating Income** |
| ($ in millions) / (unaudited) | ($ in millions) / (unaudited) | ($ in millions) / (unaudited) | ($ in millions) / (unaudited) | ($ in millions) / (unaudited) | ($ in millions) / (unaudited) |
|  | **Quarter<br>Ended March 31** | **Quarter<br>Ended June 30,** | **Quarter<br>Ended September 30** | **Quarter<br>Ended December 31** | **Full Year<br>Ended December 31** |
|  | **2021** | **2021** | **2021** | **2021** | **2021** |
| **PMI** |  |  |  |  |  |
| **Reported Operating Income** | **$3444** | **$3129** | **$3455** | **$2947** | **$12975** |
| Asset impairment and exit costs | (48) | (79) | (43) | (46) | (216) |
| Asset acquisition cost |  |  | (51) |  | (51) |
| Saudi Arabia customs assessments |  | (246) |  |  | (246) |
| Amortization and impairment of intangibles | (18) | (19) | (18) | (41) | (96) |
| **Adjusted Operating Income** | **$3510** | **$3473** | **$3567** | **$3034** | **$13584** |
| **Europe** |  |  |  |  |  |
| **Reported Operating Income** | **$1573** | **$1713** | **$1770** | **$1353** | **$6409** |
| Asset impairment and exit costs | (10) | (36) | (13) | (13) | (72) |
| Amortization and impairment of intangibles | (9) | (9) | (9) | (10) | (37) |
| **Adjusted Operating Income** | **$1592** | **$1758** | **$1792** | **$1376** | **$6518** |
| **SSEA, CIS & MEA** |  |  |  |  |  |
| **Reported Operating Income** | **$1011** | **$552** | **$888** | **$844** | **$3295** |
| Asset impairment and exit costs | (6) | (22) | (8) | (9) | (45) |
| Saudi Arabia customs assessments |  | (246) |  |  | (246) |
| Amortization and impairment of intangibles | (6) | (6) | (6) | (10) | (28) |
| **Adjusted Operating Income** | **$1023** | **$826** | **$902** | **$863** | **$3614** |
| **EA, AU & PMI DF** |  |  |  |  |  |
| **Reported Operating Income** | **$726** | **$752** | **$727** | **$631** | **$2836** |
| Asset impairment and exit costs | (31) | (17) | (21) | (22) | (91) |
| Amortization and impairment of intangibles | (1) | (1) | (1) | (1) | (4) |
| **Adjusted Operating Income** | **$758** | **$770** | **$749** | **$654** | **$2931** |

---

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | | | | | **Schedule 7 (2/4)** |
| PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries |
| Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures |
| **Reconciliation of Reported Operating Income to Adjusted Operating Income** | **Reconciliation of Reported Operating Income to Adjusted Operating Income** | **Reconciliation of Reported Operating Income to Adjusted Operating Income** | **Reconciliation of Reported Operating Income to Adjusted Operating Income** | **Reconciliation of Reported Operating Income to Adjusted Operating Income** | **Reconciliation of Reported Operating Income to Adjusted Operating Income** |
| ($ in millions) / (unaudited) | ($ in millions) / (unaudited) | ($ in millions) / (unaudited) | ($ in millions) / (unaudited) | ($ in millions) / (unaudited) | ($ in millions) / (unaudited) |
|  | **Quarter<br>Ended March 31** | **Quarter<br>Ended June 30,** | **Quarter<br>Ended September 30** | **Quarter<br>Ended December 31** | **Full Year<br>Ended December 31** |
|  | **2021** | **2021** | **2021** | **2021** | **2021** |
| **Americas** |  |  |  |  |  |
| **Reported Operating Income** | **$134** | **$112** | **$121** | **$120** | **$487** |
| Asset impairment and exit costs | (1) | (4) | (1) | (2) | (8) |
| Amortization and impairment of intangibles | (2) | (3) | (2) | (2) | (9) |
| **Adjusted Operating Income** | **$137** | **$119** | **$124** | **$124** | **$504** |
| **Wellness & Healthcare** |  |  |  |  |  |
| **Reported Operating Income** | **$—** | **$—** | **$(51)** | **$(1)** | **$(52)** |
| Asset acquisition cost |  |  | (51) |  | (51) |
| Amortization and impairment of intangibles |  |  |  | (18) | (18) |
| **Adjusted Operating Income** | **$—** | **$—** | **$—** | **$17** | **$17** |

---

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | | | | | **Schedule 7 (3/4)** |
| PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries |
| Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures |
| **Reconciliation of Reported Operating Income to Adjusted Operating Income** | **Reconciliation of Reported Operating Income to Adjusted Operating Income** | **Reconciliation of Reported Operating Income to Adjusted Operating Income** | **Reconciliation of Reported Operating Income to Adjusted Operating Income** | **Reconciliation of Reported Operating Income to Adjusted Operating Income** | **Reconciliation of Reported Operating Income to Adjusted Operating Income** |
| ($ in millions) / (unaudited) | ($ in millions) / (unaudited) | ($ in millions) / (unaudited) | ($ in millions) / (unaudited) | ($ in millions) / (unaudited) | ($ in millions) / (unaudited) |
|  | **Quarter<br>Ended March 31** | **Quarter<br>Ended June 30,** | **Quarter<br>Ended September 30** | **Quarter<br>Ended December 31** | **Full Year<br>Ended December 31** |
|  | **2020** | **2020** | **2020** | **2020** | **2020** |
| **PMI** |  |  |  |  |  |
| **Reported Operating Income** | **$2789** | **$2731** | **$3243** | **$2905** | **$11668** |
| Asset impairment and exit costs |  | (71) |  | (78) | (149) |
| Brazil Indirect Tax Credit |  |  |  | 119 | 119 |
| Amortization and impairment of intangibles | (18) | (19) | (18) | (18) | (73) |
| **Adjusted Operating Income** | **$2807** | **$2821** | **$3261** | **$2882** | **$11771** |
| **Europe** |  |  |  |  |  |
| **Reported Operating Income** | **$1203** | **$1235** | **$1666** | **$1248** | **$5352** |
| Asset impairment and exit costs |  | (29) | (1) | (29) | (59) |
| Amortization and impairment of intangibles | (9) | (9) | (9) | (10) | (37) |
| **Adjusted Operating Income** | **$1212** | **$1273** | **$1676** | **$1287** | **$5448** |
| **SSEA, CIS & MEA** |  |  |  |  |  |
| **Reported Operating Income** | **$827** | **$765** | **$872** | **$812** | **$3276** |
| Asset impairment and exit costs |  | (25) | 1 | (28) | (52) |
| Amortization and impairment of intangibles | (6) | (6) | (6) | (6) | (24) |
| **Adjusted Operating Income** | **$833** | **$796** | **$877** | **$846** | **$3352** |
| **EA, AU & PMI DF** |  |  |  |  |  |
| **Reported Operating Income** | **$633** | **$639** | **$595** | **$609** | **$2476** |
| Asset impairment and exit costs |  | (13) |  | (16) | (29) |
| Amortization and impairment of intangibles | (1) | (1) | (1) |  | (3) |
| **Adjusted Operating Income** | **$634** | **$653** | **$596** | **$625** | **$2508** |

---

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | | | | | **Schedule 7 (4/4)** |
| PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries |
| Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures |
| **Reconciliation of Reported Operating Income to Adjusted Operating Income** | **Reconciliation of Reported Operating Income to Adjusted Operating Income** | **Reconciliation of Reported Operating Income to Adjusted Operating Income** | **Reconciliation of Reported Operating Income to Adjusted Operating Income** | **Reconciliation of Reported Operating Income to Adjusted Operating Income** | **Reconciliation of Reported Operating Income to Adjusted Operating Income** |
| ($ in millions) / (unaudited) | ($ in millions) / (unaudited) | ($ in millions) / (unaudited) | ($ in millions) / (unaudited) | ($ in millions) / (unaudited) | ($ in millions) / (unaudited) |
|  | **Quarter<br>Ended March 31** | **Quarter<br>Ended June 30,** | **Quarter<br>Ended September 30** | **Quarter<br>Ended December 31** | **Full Year<br>Ended December 31** |
|  | **2020** | **2020** | **2020** | **2020** | **2020** |
| **Americas** |  |  |  |  |  |
| **Reported Operating Income** | **$126** | **$92** | **$110** | **$236** | **$564** |
| Asset impairment and exit costs |  | (4) |  | (5) | (9) |
| Brazil Indirect Tax Credit |  |  |  | 119 | 119 |
| Amortization and impairment of intangibles | (2) | (3) | (2) | (2) | (9) |
| **Adjusted Operating Income** | **$128** | **$99** | **$112** | **$124** | **$463** |

---

------

---

| | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | | | | | | | | | | | | | **Schedule 8 (1/2)** |
| PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries |
| Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures |
| **Reconciliation of Adjusted Operating Income Margin, excluding Currency and Acquisitions** | **Reconciliation of Adjusted Operating Income Margin, excluding Currency and Acquisitions** | **Reconciliation of Adjusted Operating Income Margin, excluding Currency and Acquisitions** | **Reconciliation of Adjusted Operating Income Margin, excluding Currency and Acquisitions** | **Reconciliation of Adjusted Operating Income Margin, excluding Currency and Acquisitions** | **Reconciliation of Adjusted Operating Income Margin, excluding Currency and Acquisitions** | **Reconciliation of Adjusted Operating Income Margin, excluding Currency and Acquisitions** | **Reconciliation of Adjusted Operating Income Margin, excluding Currency and Acquisitions** | **Reconciliation of Adjusted Operating Income Margin, excluding Currency and Acquisitions** | **Reconciliation of Adjusted Operating Income Margin, excluding Currency and Acquisitions** | **Reconciliation of Adjusted Operating Income Margin, excluding Currency and Acquisitions** | **Reconciliation of Adjusted Operating Income Margin, excluding Currency and Acquisitions** | **Reconciliation of Adjusted Operating Income Margin, excluding Currency and Acquisitions** | **Reconciliation of Adjusted Operating Income Margin, excluding Currency and Acquisitions** | **Reconciliation of Adjusted Operating Income Margin, excluding Currency and Acquisitions** |
| ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) |
| **Adjusted Operating Income (a)** | **Adjusted Net Revenues (b)** | **Adjusted Operating Income Margin** | **Adjusted Operating Income excluding Currency<br>(a)** | **Adjusted Net Revenues excluding Currency<br>(b)** | **Adjusted Operating Income Margin excluding Currency** | **Adjusted Operating Income excluding Currency & Acqui- sitions<br>(a)** | **Adjusted Net Revenues excluding Currency & Acqui- sitions<br>(b)** | **Adjusted Operating Income Margin excluding Currency & Acqui- sitions** |  | **Adjusted Operating Income (a)** | **Adjusted Net Revenues (b)** | **Adjusted Operating Income<br>Margin** | **Adjusted Operating Income<br>Margin** | **Adjusted Operating Income Margin excluding Currency & Acqui- sitions** |
| **2021** | **2021** | **2021** | **2021** | **2021** | **2021** | **2021** | **2021** | **2021** | **Quarters Ended<br>March 31** | **2020** | **2020** | **2020** | **% Points Change** | **% Points Change** |
| $1592 | $3122 | 51.0% | $1427 | $2900 | 49.2% | $1427 | $2900 | 49.2% | Europe | $1212 | $2743 | 44.2% | 6.8 | 5.0 |
| 1023 | 2486 | 41.2% | 1026 | 2547 | 40.3% | 1026 | 2547 | 40.3% | SSEA, CIS & MEA | 833 | 2485 | 33.5% | 7.7 | 6.8 |
| 758 | 1543 | 49.1% | 739 | 1468 | 50.3% | 739 | 1468 | 50.3% | EA, AU & PMI DF | 634 | 1477 | 42.9% | 6.2 | 7.4 |
| 137 | 434 | 31.6% | 131 | 445 | 29.4% | 131 | 445 | 29.4% | Americas | 128 | 448 | 28.6% | 3.0 | 0.8 |
| **$3510** | **$7585** | **46.3%** | **$3323** | **$7360** | **45.1%** | **$3323** | **$7360** | **45.1%** | **Total PMI** | **$2807** | **$7153** | **39.2%** | **7.1** | **5.9** |
| **2021** | **2021** | **2021** | **2021** | **2021** | **2021** | **2021** | **2021** | **2021** | **Quarters Ended<br>June 30** | **2020** | **2020** | **2020** | **% Points Change** | **% Points Change** |
| $1758 | $3358 | 52.4% | $1585 | $3063 | 51.7% | $1585 | $3063 | 51.7% | Europe | $1273 | $2644 | 48.1% | 4.3 | 3.6 |
| 826 | 2450 | 33.7% | 873 | 2395 | 36.5% | 873 | 2395 | 36.5% | SSEA, CIS & MEA | 796 | 2195 | 36.3% | (2.6) | 0.2 |
| 770 | 1602 | 48.1% | 770 | 1561 | 49.3% | 770 | 1561 | 49.3% | EA, AU & PMI DF | 653 | 1444 | 45.2% | 2.9 | 4.1 |
| 119 | 430 | 27.7% | 117 | 401 | 29.2% | 117 | 401 | 29.2% | Americas | 99 | 368 | 26.9% | 0.8 | 2.3 |
| **$3473** | **$7840** | **44.3%** | **$3345** | **$7420** | **45.1%** | **$3345** | **$7420** | **45.1%** | **Total PMI** | **$2821** | **$6651** | **42.4%** | **1.9** | **2.7** |
| **2021** | **2021** | **2021** | **2021** | **2021** | **2021** | **2021** | **2021** | **2021** | **Quarters Ended<br>September 30** | **2020** | **2020** | **2020** | **% Points Change** | **% Points Change** |
| $1792 | $3433 | 52.2% | $1706 | $3299 | 51.7% | $1706 | $3297 | 51.7% | Europe | $1676 | $3176 | 52.8% | (0.6) | (1.1) |
| 902 | 2555 | 35.3% | 906 | 2598 | 34.9% | 906 | 2598 | 34.9% | SSEA, CIS & MEA | 877 | 2502 | 35.1% | 0.2 | (0.2) |
| 749 | 1678 | 44.6% | 770 | 1682 | 45.8% | 770 | 1682 | 45.8% | EA, AU & PMI DF | 596 | 1368 | 43.6% | 1.0 | 2.2 |
| 124 | 456 | 27.2% | 120 | 436 | 27.5% | 120 | 436 | 27.5% | Americas | 112 | 400 | 28.0% | (0.8) | (0.5) |
| **$3567** | **$8122** | **43.9%** | **$3502** | **$8015** | **43.7%** | **$3502** | **$8013** | **43.7%** | **Total PMI** | **$3261** | **$7446** | **43.8%** | **0.1** | **(0.1)** |
| (a) For the calculation of Adjusted Operating Income, Adjusted Operating Income excluding currency and Adjusted Operating Income excluding currency and acquisitions, refer to Schedule 6 | (a) For the calculation of Adjusted Operating Income, Adjusted Operating Income excluding currency and Adjusted Operating Income excluding currency and acquisitions, refer to Schedule 6 | (a) For the calculation of Adjusted Operating Income, Adjusted Operating Income excluding currency and Adjusted Operating Income excluding currency and acquisitions, refer to Schedule 6 | (a) For the calculation of Adjusted Operating Income, Adjusted Operating Income excluding currency and Adjusted Operating Income excluding currency and acquisitions, refer to Schedule 6 | (a) For the calculation of Adjusted Operating Income, Adjusted Operating Income excluding currency and Adjusted Operating Income excluding currency and acquisitions, refer to Schedule 6 | (a) For the calculation of Adjusted Operating Income, Adjusted Operating Income excluding currency and Adjusted Operating Income excluding currency and acquisitions, refer to Schedule 6 | (a) For the calculation of Adjusted Operating Income, Adjusted Operating Income excluding currency and Adjusted Operating Income excluding currency and acquisitions, refer to Schedule 6 | (a) For the calculation of Adjusted Operating Income, Adjusted Operating Income excluding currency and Adjusted Operating Income excluding currency and acquisitions, refer to Schedule 6 | (a) For the calculation of Adjusted Operating Income, Adjusted Operating Income excluding currency and Adjusted Operating Income excluding currency and acquisitions, refer to Schedule 6 | (a) For the calculation of Adjusted Operating Income, Adjusted Operating Income excluding currency and Adjusted Operating Income excluding currency and acquisitions, refer to Schedule 6 | (a) For the calculation of Adjusted Operating Income, Adjusted Operating Income excluding currency and Adjusted Operating Income excluding currency and acquisitions, refer to Schedule 6 | (a) For the calculation of Adjusted Operating Income, Adjusted Operating Income excluding currency and Adjusted Operating Income excluding currency and acquisitions, refer to Schedule 6 | (a) For the calculation of Adjusted Operating Income, Adjusted Operating Income excluding currency and Adjusted Operating Income excluding currency and acquisitions, refer to Schedule 6 | (a) For the calculation of Adjusted Operating Income, Adjusted Operating Income excluding currency and Adjusted Operating Income excluding currency and acquisitions, refer to Schedule 6 | (a) For the calculation of Adjusted Operating Income, Adjusted Operating Income excluding currency and Adjusted Operating Income excluding currency and acquisitions, refer to Schedule 6 |
| (b) For the calculation of Adjusted Net Revenues, Adjusted Net Revenues excluding currency and Adjusted Net Revenues excluding currency and acquisitions, refer to Schedule 3 | (b) For the calculation of Adjusted Net Revenues, Adjusted Net Revenues excluding currency and Adjusted Net Revenues excluding currency and acquisitions, refer to Schedule 3 | (b) For the calculation of Adjusted Net Revenues, Adjusted Net Revenues excluding currency and Adjusted Net Revenues excluding currency and acquisitions, refer to Schedule 3 | (b) For the calculation of Adjusted Net Revenues, Adjusted Net Revenues excluding currency and Adjusted Net Revenues excluding currency and acquisitions, refer to Schedule 3 | (b) For the calculation of Adjusted Net Revenues, Adjusted Net Revenues excluding currency and Adjusted Net Revenues excluding currency and acquisitions, refer to Schedule 3 | (b) For the calculation of Adjusted Net Revenues, Adjusted Net Revenues excluding currency and Adjusted Net Revenues excluding currency and acquisitions, refer to Schedule 3 | (b) For the calculation of Adjusted Net Revenues, Adjusted Net Revenues excluding currency and Adjusted Net Revenues excluding currency and acquisitions, refer to Schedule 3 | (b) For the calculation of Adjusted Net Revenues, Adjusted Net Revenues excluding currency and Adjusted Net Revenues excluding currency and acquisitions, refer to Schedule 3 | (b) For the calculation of Adjusted Net Revenues, Adjusted Net Revenues excluding currency and Adjusted Net Revenues excluding currency and acquisitions, refer to Schedule 3 | (b) For the calculation of Adjusted Net Revenues, Adjusted Net Revenues excluding currency and Adjusted Net Revenues excluding currency and acquisitions, refer to Schedule 3 | (b) For the calculation of Adjusted Net Revenues, Adjusted Net Revenues excluding currency and Adjusted Net Revenues excluding currency and acquisitions, refer to Schedule 3 | (b) For the calculation of Adjusted Net Revenues, Adjusted Net Revenues excluding currency and Adjusted Net Revenues excluding currency and acquisitions, refer to Schedule 3 | (b) For the calculation of Adjusted Net Revenues, Adjusted Net Revenues excluding currency and Adjusted Net Revenues excluding currency and acquisitions, refer to Schedule 3 | (b) For the calculation of Adjusted Net Revenues, Adjusted Net Revenues excluding currency and Adjusted Net Revenues excluding currency and acquisitions, refer to Schedule 3 | (b) For the calculation of Adjusted Net Revenues, Adjusted Net Revenues excluding currency and Adjusted Net Revenues excluding currency and acquisitions, refer to Schedule 3 |

---

------

---

| | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | | | | | | | | | | | | | **Schedule 8 (2/2)** |
| PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries |
| Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures |
| **Reconciliation of Adjusted Operating Income Margin, excluding Currency and Acquisitions** | **Reconciliation of Adjusted Operating Income Margin, excluding Currency and Acquisitions** | **Reconciliation of Adjusted Operating Income Margin, excluding Currency and Acquisitions** | **Reconciliation of Adjusted Operating Income Margin, excluding Currency and Acquisitions** | **Reconciliation of Adjusted Operating Income Margin, excluding Currency and Acquisitions** | **Reconciliation of Adjusted Operating Income Margin, excluding Currency and Acquisitions** | **Reconciliation of Adjusted Operating Income Margin, excluding Currency and Acquisitions** | **Reconciliation of Adjusted Operating Income Margin, excluding Currency and Acquisitions** | **Reconciliation of Adjusted Operating Income Margin, excluding Currency and Acquisitions** | **Reconciliation of Adjusted Operating Income Margin, excluding Currency and Acquisitions** | **Reconciliation of Adjusted Operating Income Margin, excluding Currency and Acquisitions** | **Reconciliation of Adjusted Operating Income Margin, excluding Currency and Acquisitions** | **Reconciliation of Adjusted Operating Income Margin, excluding Currency and Acquisitions** | **Reconciliation of Adjusted Operating Income Margin, excluding Currency and Acquisitions** | **Reconciliation of Adjusted Operating Income Margin, excluding Currency and Acquisitions** |
| ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) | ($ in millions) / (Unaudited) |
| **Adjusted Operating Income (a)** | **Adjusted Net Revenues (b)** | **Adjusted Operating Income Margin** | **Adjusted Operating Income excluding Currency<br>(a)** | **Adjusted Net Revenues excluding Currency<br>(b)** | **Adjusted Operating Income Margin excluding Currency** | **Adjusted Operating Income excluding Currency & Acqui- sitions<br>(a)** | **Adjusted Net Revenues excluding Currency & Acqui- sitions<br>(b)** | **Adjusted Operating Income Margin excluding Currency & Acqui- sitions** |  | **Adjusted Operating Income (a)** | **Adjusted Net Revenues (b)** | **Adjusted Operating Income<br>Margin** | **Adjusted Operating Income<br>Margin** | **Adjusted Operating Income Margin excluding Currency** |
| **2021** | **2021** | **2021** | **2021** | **2021** | **2021** | **2021** | **2021** | **2021** | **Quarters Ended<br>December 31** | **2020** | **2020** | **2020** | **% Points Change** | **% Points Change** |
| $1376 | $3242 | 42.4% | $1407 | $3270 | 43.0% | $1405 | $3264 | 43.0% | Europe | $1287 | $2971 | 43.3% | (0.9) | (0.3) |
| 863 | 2613 | 33.0% | 906 | 2627 | 34.5% | 906 | 2627 | 34.5% | SSEA, CIS & MEA | 846 | 2560 | 33.0% |  | 1.5 |
| 654 | 1625 | 40.2% | 697 | 1665 | 41.9% | 697 | 1665 | 41.9% | EA, AU & PMI DF | 625 | 1428 | 43.8% | (3.6) | (1.9) |
| 124 | 523 | 23.7% | 118 | 515 | 22.9% | 118 | 515 | 22.9% | Americas | 124 | 485 | 25.6% | (1.9) | (2.7) |
| 17 | 101 | 16.8% | 17 | 101 | 16.8% |  |  | —% | Wellness & Healthcare |  |  | —% |  |  |
| **$3034** | **$8104** | **37.4%** | **$3145** | **$8178** | **38.5%** | **$3126** | **$8071** | **38.7%** | **Total PMI** | **$2882** | **$7444** | **38.7%** | **(1.3)** | **(0.2)** |
| **2021** | **2021** | **2021** | **2021** | **2021** | **2021** | **2021** | **2021** | **2021** | **Full Year Ended<br>December 31** | **2020** | **2020** | **2020** | **% Points Change** | **% Points Change** |
| $6518 | $13155 | 49.5% | $6125 | $12532 | 48.9% | $6123 | $12524 | 48.9% | Europe | $5448 | $11534 | 47.2% | 2.3 | 1.7 |
| 3614 | 10104 | 35.8% | 3711 | 10167 | 36.5% | 3711 | 10167 | 36.5% | SSEA, CIS & MEA | 3352 | 9742 | 34.4% | 1.4 | 2.1 |
| 2931 | 6448 | 45.5% | 2976 | 6376 | 46.7% | 2976 | 6376 | 46.7% | EA, AU & PMI DF | 2508 | 5717 | 43.9% | 1.6 | 2.8 |
| 504 | 1843 | 27.3% | 486 | 1797 | 27.0% | 486 | 1797 | 27.0% | Americas | 463 | 1701 | 27.2% | 0.1 | (0.2) |
| 17 | 101 | 16.8% | 17 | 101 | 16.8% |  |  | —% | Wellness & Healthcare |  |  | —% |  |  |
| **$13584** | **$31651** | **42.9%** | **$13315** | **$30973** | **43.0%** | **$13296** | **$30864** | **43.1%** | **Total PMI** | **$11771** | **$28694** | **41.0%** | **1.9** | **2.0** |
| (a) For the calculation of Adjusted Operating Income, Adjusted Operating Income excluding currency and Adjusted Operating Income excluding currency and acquisitions, refer to Schedule 6 | (a) For the calculation of Adjusted Operating Income, Adjusted Operating Income excluding currency and Adjusted Operating Income excluding currency and acquisitions, refer to Schedule 6 | (a) For the calculation of Adjusted Operating Income, Adjusted Operating Income excluding currency and Adjusted Operating Income excluding currency and acquisitions, refer to Schedule 6 | (a) For the calculation of Adjusted Operating Income, Adjusted Operating Income excluding currency and Adjusted Operating Income excluding currency and acquisitions, refer to Schedule 6 | (a) For the calculation of Adjusted Operating Income, Adjusted Operating Income excluding currency and Adjusted Operating Income excluding currency and acquisitions, refer to Schedule 6 | (a) For the calculation of Adjusted Operating Income, Adjusted Operating Income excluding currency and Adjusted Operating Income excluding currency and acquisitions, refer to Schedule 6 | (a) For the calculation of Adjusted Operating Income, Adjusted Operating Income excluding currency and Adjusted Operating Income excluding currency and acquisitions, refer to Schedule 6 | (a) For the calculation of Adjusted Operating Income, Adjusted Operating Income excluding currency and Adjusted Operating Income excluding currency and acquisitions, refer to Schedule 6 | (a) For the calculation of Adjusted Operating Income, Adjusted Operating Income excluding currency and Adjusted Operating Income excluding currency and acquisitions, refer to Schedule 6 | (a) For the calculation of Adjusted Operating Income, Adjusted Operating Income excluding currency and Adjusted Operating Income excluding currency and acquisitions, refer to Schedule 6 | (a) For the calculation of Adjusted Operating Income, Adjusted Operating Income excluding currency and Adjusted Operating Income excluding currency and acquisitions, refer to Schedule 6 | (a) For the calculation of Adjusted Operating Income, Adjusted Operating Income excluding currency and Adjusted Operating Income excluding currency and acquisitions, refer to Schedule 6 | (a) For the calculation of Adjusted Operating Income, Adjusted Operating Income excluding currency and Adjusted Operating Income excluding currency and acquisitions, refer to Schedule 6 | (a) For the calculation of Adjusted Operating Income, Adjusted Operating Income excluding currency and Adjusted Operating Income excluding currency and acquisitions, refer to Schedule 6 | (a) For the calculation of Adjusted Operating Income, Adjusted Operating Income excluding currency and Adjusted Operating Income excluding currency and acquisitions, refer to Schedule 6 |
| (b) For the calculation of Adjusted Net Revenues, Adjusted Net Revenues excluding currency and Adjusted Net Revenues excluding currency and acquisitions, refer to Schedule 3 | (b) For the calculation of Adjusted Net Revenues, Adjusted Net Revenues excluding currency and Adjusted Net Revenues excluding currency and acquisitions, refer to Schedule 3 | (b) For the calculation of Adjusted Net Revenues, Adjusted Net Revenues excluding currency and Adjusted Net Revenues excluding currency and acquisitions, refer to Schedule 3 | (b) For the calculation of Adjusted Net Revenues, Adjusted Net Revenues excluding currency and Adjusted Net Revenues excluding currency and acquisitions, refer to Schedule 3 | (b) For the calculation of Adjusted Net Revenues, Adjusted Net Revenues excluding currency and Adjusted Net Revenues excluding currency and acquisitions, refer to Schedule 3 | (b) For the calculation of Adjusted Net Revenues, Adjusted Net Revenues excluding currency and Adjusted Net Revenues excluding currency and acquisitions, refer to Schedule 3 | (b) For the calculation of Adjusted Net Revenues, Adjusted Net Revenues excluding currency and Adjusted Net Revenues excluding currency and acquisitions, refer to Schedule 3 | (b) For the calculation of Adjusted Net Revenues, Adjusted Net Revenues excluding currency and Adjusted Net Revenues excluding currency and acquisitions, refer to Schedule 3 | (b) For the calculation of Adjusted Net Revenues, Adjusted Net Revenues excluding currency and Adjusted Net Revenues excluding currency and acquisitions, refer to Schedule 3 | (b) For the calculation of Adjusted Net Revenues, Adjusted Net Revenues excluding currency and Adjusted Net Revenues excluding currency and acquisitions, refer to Schedule 3 | (b) For the calculation of Adjusted Net Revenues, Adjusted Net Revenues excluding currency and Adjusted Net Revenues excluding currency and acquisitions, refer to Schedule 3 | (b) For the calculation of Adjusted Net Revenues, Adjusted Net Revenues excluding currency and Adjusted Net Revenues excluding currency and acquisitions, refer to Schedule 3 | (b) For the calculation of Adjusted Net Revenues, Adjusted Net Revenues excluding currency and Adjusted Net Revenues excluding currency and acquisitions, refer to Schedule 3 | (b) For the calculation of Adjusted Net Revenues, Adjusted Net Revenues excluding currency and Adjusted Net Revenues excluding currency and acquisitions, refer to Schedule 3 | (b) For the calculation of Adjusted Net Revenues, Adjusted Net Revenues excluding currency and Adjusted Net Revenues excluding currency and acquisitions, refer to Schedule 3 |

---

## Exhibit 99.3

Exhibit 99.3

**Fiscal Year 2022 Unaudited Pro Forma** 

**Combined Financial Information**

PMI and Swedish Match AB Combined

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | | | | | **Schedule 1** |
| PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries | PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries |
| Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures | Reconciliation of Non-GAAP Measures |
| **Pro Forma Financial Information – PMI and Swedish Match Combined** | **Pro Forma Financial Information – PMI and Swedish Match Combined** | **Pro Forma Financial Information – PMI and Swedish Match Combined** | **Pro Forma Financial Information – PMI and Swedish Match Combined** | **Pro Forma Financial Information – PMI and Swedish Match Combined** | **Pro Forma Financial Information – PMI and Swedish Match Combined** |
| ($ in millions) / (unaudited) | ($ in millions) / (unaudited) | ($ in millions) / (unaudited) | ($ in millions) / (unaudited) | ($ in millions) / (unaudited) | ($ in millions) / (unaudited) |
|  | **Quarter<br>Ended March 31** | **Quarter<br>Ended June 30** | **Quarter<br>Ended September 30** | **Quarter<br>Ended December 31** | **Full Year<br>Ended December 31** |
|  | **2022** | **2022** | **2022** | **2022** | **2022** |
| **Total PMI** |  |  |  |  |  |
| Net Revenues | $7746 | $7832 | $8032 | $8152 | $31762 |
| Cost of sales | 2608 | 2648 | 2935 | 3211 | 11402 |
| **Gross Profit** | **$5138** | **$5184** | **$5097** | **$4941** | **$20360** |
| **Swedish Match** |  |  |  |  |  |
| Net Revenues | $— | $— | $— | $316 | $316 |
| Cost of sales |  |  |  | 247 | 247 |
| **Gross Profit** | **$—** | **$—** | **$—** | **$69** | **$69** |
| **Total PMI excl. Swedish Match** |  |  |  |  |  |
| Net Revenues | $7746 | $7832 | $8032 | $7836 | $31446 |
| Cost of sales | 2608 | 2648 | 2935 | 2964 | 11155 |
| **Gross Profit** | **$5138** | **$5184** | **$5097** | **$4872** | **$20291** |
| **Pro Forma Swedish Match Financial Information** | **Pro Forma Swedish Match Financial Information** |  |  |  |  |
| Net Revenues | $490 | $557 | $579 | $619 | $2244 |
| Cost of sales | 190 | 218 | 225 | 244 | 877 |
| **Gross Profit** | **$300** | **$338** | **$354** | **$375** | **$1367** |
| **Pro Forma Combined Financial Information** | **Pro Forma Combined Financial Information** |  |  |  |  |
| Net Revenues | $8236 | $8389 | $8611 | $8455 | $33690 |
| Cost of sales | 2798 | 2866 | 3160 | 3208 | 12032 |
| **Gross Profit** | **$5438** | **$5522** | **$5451** | **$5247** | **$21658** |
| The unaudited pro forma combined financial information was prepared using the acquisition method of accounting as required by ASC 805 Business Combinations and was based on the historical financial information of PMI and Swedish Match as disclosed in Form 10-K for the year ended December 31, 2022, Item 8, Note 3. *Acquisitions*<br>The unaudited pro forma financial information is not necessarily indicative of what the consolidated results of operations would have been had the acquisition been completed on January 1, 2021. In addition, the unaudited pro forma financial information is not a projection of future results of operations of the combined company | The unaudited pro forma combined financial information was prepared using the acquisition method of accounting as required by ASC 805 Business Combinations and was based on the historical financial information of PMI and Swedish Match as disclosed in Form 10-K for the year ended December 31, 2022, Item 8, Note 3. *Acquisitions*<br>The unaudited pro forma financial information is not necessarily indicative of what the consolidated results of operations would have been had the acquisition been completed on January 1, 2021. In addition, the unaudited pro forma financial information is not a projection of future results of operations of the combined company | The unaudited pro forma combined financial information was prepared using the acquisition method of accounting as required by ASC 805 Business Combinations and was based on the historical financial information of PMI and Swedish Match as disclosed in Form 10-K for the year ended December 31, 2022, Item 8, Note 3. *Acquisitions*<br>The unaudited pro forma financial information is not necessarily indicative of what the consolidated results of operations would have been had the acquisition been completed on January 1, 2021. In addition, the unaudited pro forma financial information is not a projection of future results of operations of the combined company | The unaudited pro forma combined financial information was prepared using the acquisition method of accounting as required by ASC 805 Business Combinations and was based on the historical financial information of PMI and Swedish Match as disclosed in Form 10-K for the year ended December 31, 2022, Item 8, Note 3. *Acquisitions*<br>The unaudited pro forma financial information is not necessarily indicative of what the consolidated results of operations would have been had the acquisition been completed on January 1, 2021. In addition, the unaudited pro forma financial information is not a projection of future results of operations of the combined company | The unaudited pro forma combined financial information was prepared using the acquisition method of accounting as required by ASC 805 Business Combinations and was based on the historical financial information of PMI and Swedish Match as disclosed in Form 10-K for the year ended December 31, 2022, Item 8, Note 3. *Acquisitions*<br>The unaudited pro forma financial information is not necessarily indicative of what the consolidated results of operations would have been had the acquisition been completed on January 1, 2021. In addition, the unaudited pro forma financial information is not a projection of future results of operations of the combined company | The unaudited pro forma combined financial information was prepared using the acquisition method of accounting as required by ASC 805 Business Combinations and was based on the historical financial information of PMI and Swedish Match as disclosed in Form 10-K for the year ended December 31, 2022, Item 8, Note 3. *Acquisitions*<br>The unaudited pro forma financial information is not necessarily indicative of what the consolidated results of operations would have been had the acquisition been completed on January 1, 2021. In addition, the unaudited pro forma financial information is not a projection of future results of operations of the combined company |

---

<br>