On the Record · Philip Morris International
Philip Morris International acquisitions, on the record
The businesses Philip Morris International bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
Swedish Match ABWord for word“In November 2022, we acquired Swedish Match AB ("Swedish Match") – a leader in oral nicotine delivery – creating a global smoke-free combination led by the companies’ IQOS and ZYN brands.” 10-K for 2022 | acquisition | In November 2022 | — |
OtiTopic, Inc.Word for word“Asset acquisition cost – In August 2021, we acquired 100% of OtiTopic, Inc., a U.S. respiratory drug development company with a late-stage dry powder inhalation aspirin treatment for acute myocardial infarction.” 10-K for 2022 | acquisition | In August 2021 | — |
Vectura Group plc and Fertin Pharma A/SWord for word“In September 2021, we laid the foundation for our long-term growth ambitions beyond nicotine in wellness and healthcare, including the milestone acquisitions of Vectura Group plc and Fertin Pharma A/S, which provide essential capabilities for future product development.” 10-K for 2023 | acquisition | September 2021 | — |
AG Snus AktieselskabWord for word“In 2021, PMI acquired AG Snus Aktieselskab ("AG Snus"), as well as Fertin Pharma A/S, two companies manufacturing and/or marketing nicotine pouches.” 10-K for 2023 | acquisition | In 2021 | — |
Vectura GroupWord for word“Loss on sale of Vectura Group – In September 2024, we announced the execution of a definitive agreement to sell Vectura to Molex Asia Holdings Ltd.” 10-K for 2024 | agreed divestiture | September 2024 | — |
one business (consumer accessories and other businesses)Word for word“During the fourth quarter of 2025, PMI completed the sale of one business and classified as held-for-sale net assets of certain other businesses (disposal group), primarily related to its consumer accessories products acquired as part of the Swedish Match AB acquisition in 2022.” 10-K for 2025 | divestiture | During the fourth quarter of 2025 | — |
VecturaWord for word“• Loss on sale of Vectura Group – In September 2024, PMI announced the execution of a definitive agreement to sell Vectura to Molex Asia Holdings Ltd.” 10-K for 2025 | agreed divestiture | September 2024 | — |
United Tobacco CompanyWord for word“In May 2024, PMI increased its indirect economic interest and acquired a controlling interest of 54.25 % in UTC.” 10-K for 2025 | acquisition | In May 2024 | — |
| Fiscal year ended | Cash paid for acquisitions (net of cash acquired) | Cash received from selling businesses | Goodwill from acquisitions |
|---|---|---|---|
| 2016-12-31 | $0 | — | — |
| 2020-12-31 | $0 | — | — |
| 2021-12-31 | $2.11 billion | — | $998 million |
| 2022-12-31 | $13.98 billion | $0 | $13.3 billion |
| 2023-12-31 | — | $191 million | — |
| 2024-12-31 | — | $136 million | — |
| 2025-12-31 | — | $30 million | — |
Deal filings since 2016
- 2025-12-11 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2024-12-17 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2024-02-02 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2024-01-24 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2023-09-20 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2023-01-30 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2022-10-20 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2022-09-23 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2022-09-02 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2022-06-28 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2022-05-11 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2022-02-01 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2021-09-30 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2021-09-16 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2021-07-07 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2021-02-02 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2020-02-11 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2020-02-03 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2019-01-29 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2018-01-29 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-08-29 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-01-30 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2016-08-31 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2016-01-28 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
Read from Philip Morris International’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023, 10-K for 2022) and the financial data it files with the SEC, as of 2026-02-06. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.