Stock Analysis on Net
Stock Analysis on Net

Philip Morris International Inc. (NYSE:PM)

Analysis of Debt

Advanced level

Total Debt (Carrying Amount)

Philip Morris International Inc., balance sheet: debt

US$ in millions

Microsoft Excel LibreOffice Calc
Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
Short-term borrowings 244  338  730  499  643 
Current portion of long-term debt 3,124  4,051  4,054  2,506  2,573 
Long-term debt, excluding current portion 28,168  26,656  26,975  31,334  25,851 
Total debt, including finance lease obligations (carrying amount) 31,536  31,045  31,759  34,339  29,067 

Based on: 10-K (filing date: 2021-02-09), 10-K (filing date: 2020-02-07), 10-K (filing date: 2019-02-07), 10-K (filing date: 2018-02-13), 10-K (filing date: 2017-02-14).

Debt item Description The company
Total debt, including finance lease obligations (carrying amount) Sum of the carrying values as of the balance sheet date of all debt plus capital lease obligations. Philip Morris International Inc.’s total debt decreased from 2018 to 2019 but then increased from 2019 to 2020 not reaching 2018 level.

Total Debt (Fair Value)

Microsoft Excel LibreOffice Calc
Dec 31, 2020
Selected Financial Data (US$ in millions)
Short-term borrowings 244 
Long-term debt, including current portion, excluding finance leases 35,404 
Finance leases 37 
Total debt, including finance lease obligations (fair value) 35,685 
Financial Ratio
Debt, fair value to carrying amount ratio 1.13

Based on: 10-K (filing date: 2021-02-09).


Weighted-average Interest Rate on Debt

Weighted-average interest rate on debt: 2.83%

Interest rate Debt amount1 Interest rate × Debt amount Weighted-average interest rate2
3.20% 21,221  679 
1.98% 9,253  183 
1.83% 622  11 
3.19% 196 
5.30% 244  13 
Total 31,536  893 
2.83%

Based on: 10-K (filing date: 2021-02-09).

1 US$ in millions

2 Weighted-average interest rate = 100 × 893 ÷ 31,536 = 2.83%