Philip Morris International Inc.

Philip Morris International Inc. is a Virginia holding company incorporated in 1987 and is a leading international tobacco company. The company is transforming its business to become a smoke-free company, with a focus on reduced-risk products (RRPs) such as heat-not-burn and oral nicotine products. The company's principal business segments are Europe, South and Southeast Asia, Commonwealth of Independent States, Middle East and Africa, East Asia, Australia, and PMI Duty Free. The company's website is www.pmi.com and its ticker symbol is PMI. The company's business strategy includes developing and commercializing RRPs that are satisfying alternatives to smoking for adult smokers, substantiating the reduction of risk for individual adult smokers and the population as a whole, and advocating for science-based regulatory frameworks for the development and commercialization of RRPs. The company's business segments are not significantly affected by seasonality, but there may be slower RRP adult user growth in the third quarter and an acceleration in the fourth quarter due to seasonal influences. The company's trademarks, including Marlboro, HEETS, IQOS, and ZYN, are valuable assets and are essential to its business. The company owns the trademark rights to all of its principal brands outside the United States and its territories and possessions, while Altria Group, Inc.'s Philip Morris USA Inc. owns the rights in the United States. The company is subject to multiple laws and regulations in the jurisdictions in which it operates, including environmental laws and regulations.