v3.25.0.1
Restructuring Activities: (Tables)
12 Months Ended
Dec. 31, 2024
Restructuring and Related Activities [Abstract]  
Asset Impairment and Exit Costs by Segment Related to Restructuring Activities
During 2024 and 2023, PMI recorded the following pre-tax restructuring charges by segment:
 (in millions)
20242023
Reclassification of accumulated foreign currency translation losses from other comprehensive losses:
Americas$38 $—
Total reclassification of accumulated foreign currency translation losses from other comprehensive losses38 —
Contract termination charges: (1)
Europe—34
SSEA, CIS & MEA—23
EA, AU & PMI DF—14
Americas77 7
Total contract termination charges77 78
Asset impairment charges (1)
Europe—13
SSEA, CIS & MEA—9
EA, AU & PMI DF—5
Americas65 4
Total asset impairment charges65 31
Restructuring charges$180 109
(1) E-vapor products manufacturing optimization charges in 2023 were allocated across all geographical segments.
Movement in Exit Cost Liabilities
The movement in restructuring related liabilities for the year ended December 31, 2024 was as follows:
(in millions) 
Liability balance, January 1, 2024$29 
Charges, net77 
Cash spent(58)
Prepaid commitments(20)
Currency/other— 
Liability balance, December 31, 2024$28