Balance Sheet: Assets

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

Philip Morris International Inc., consolidated balance sheet: assets

US$ in millions

	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
Cash and cash equivalents	3,207)	4,496)	7,280)	6,861)	6,593)
Trade receivables, less allowances	3,850)	3,123)	2,905)	3,080)	2,950)
Other receivables, less allowances	906)	817)	856)	637)	614)
Inventories	9,886)	8,720)	9,591)	9,235)	8,804)
Other current assets	1,770)	561)	860)	701)	481)
Current assets	19,619)	17,717)	21,492)	20,514)	19,442)
Property, plant and equipment, less accumulated depreciation	6,710)	6,168)	6,365)	6,631)	7,201)
Goodwill	19,655)	6,680)	5,964)	5,858)	7,189)
Other intangible assets, net	6,732)	2,818)	2,019)	2,113)	2,278)
Equity investments	4,431)	4,463)	4,798)	4,635)	1,269)
Deferred income taxes	603)	895)	1,410)	1,153)	977)
Other assets, less allowances	3,931)	2,549)	2,767)	1,971)	1,445)
Noncurrent assets	42,062)	23,573)	23,323)	22,361)	20,359)
Total assets	61,681)	41,290)	44,815)	42,875)	39,801)

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

Assets: Selected Items

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Balance sheet item	Description	The company
Current assets	Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.	Philip Morris International Inc. current assets decreased from 2020 to 2021 but then increased from 2021 to 2022 not reaching 2020 level.
Property, plant and equipment, less accumulated depreciation	Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.	Philip Morris International Inc. property, plant and equipment, less accumulated depreciation decreased from 2020 to 2021 but then increased from 2021 to 2022 exceeding 2020 level.
Noncurrent assets	Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer.	Philip Morris International Inc. noncurrent assets increased from 2020 to 2021 and from 2021 to 2022.
Total assets	Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.	Philip Morris International Inc. total assets decreased from 2020 to 2021 but then increased from 2021 to 2022 exceeding 2020 level.

Current Assets: Selected Items

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Balance sheet item	Description	The company
Cash and cash equivalents	Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation.	Philip Morris International Inc. cash and cash equivalents decreased from 2020 to 2021 and from 2021 to 2022.
Trade receivables, less allowances	Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection.	Philip Morris International Inc. trade receivables, less allowances increased from 2020 to 2021 and from 2021 to 2022.
Inventories	Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer.	Philip Morris International Inc. inventories decreased from 2020 to 2021 but then increased from 2021 to 2022 exceeding 2020 level.

Philip Morris International Inc. (NYSE:PM)

Balance Sheet: Assets

Assets: Selected Items

Current Assets: Selected Items