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Financial Instruments: (Tables)
 12 Months Ended
Dec. 31, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Notional Amounts of Outstanding Derivative Positions
The gross notional amounts for outstanding derivatives as of December 31, 2025 and 2024, were as follows:

(in millions)20252024
Derivative contracts designated as hedging instruments:
Foreign exchange contracts$29,062 $25,149 
Interest rate contracts4,700 3,000 
Commodity contracts3 9 
Derivative contracts not designated as hedging instruments:
Foreign exchange contracts16,278 15,942 
Total$50,043 $44,100 
Fair Value of Derivative Contracts
The fair value of PMI’s derivative contracts included in the consolidated balance sheets as of December 31, 2025 and 2024, were as follows:
Derivative AssetsDerivative Liabilities
Fair Value
Fair Value
(in millions)
Balance Sheet
 Classification
20252024
Balance Sheet 
Classification
20252024
Derivative contracts designated as hedging instruments:
Foreign exchange contractsOther current assets$378 $772 Other accrued liabilities$499 $7 
Other assets107 299 Other liabilities853 60 
Interest rate contractsOther current assets— — Other accrued liabilities27 50 
Other assets77 4 Other liabilities— 3 
Commodity contractsOther current assets— — Other accrued liabilities1 — 
Other assets— — Other liabilities— — 
Derivative contracts not designated as hedging instruments:
Foreign exchange contracts
Other current assets 
91 331 Other accrued liabilities319 69 
Other assets— 12 Other liabilities276 58 
Total gross amount derivatives contracts presented in the consolidated balance sheets
$653 $1,418 $1,975 $247 
Gross amounts not offset in the consolidated balance sheets
Financial instruments(444)(218)(444)(218)
Cash collateral received/pledged(183)(863)(1,374)(18)
Net amount$26 $337 $157 $11 
Hedging Activities Effect on Consolidated Statements of Earnings and Other Comprehensive Earnings
For the years ended December 31, 2025, 2024 and 2023, PMI's derivative contracts impacted the consolidated statements of earnings and comprehensive earnings as follows:

(pre-tax, in millions)For the Years Ended December 31,
Amount of Gain/(Loss) Recognized in Other Comprehensive Earnings/(Losses) on DerivativesStatement of Earnings
Classification of Gain/(Loss)
on Derivatives		Amount of Gain/(Loss) Reclassified from Other Comprehensive Earnings/(Losses) into EarningsAmount of Gain/(Loss) Recognized in Earnings
202520242023202520242023202520242023
Derivative contracts designated as hedging instruments:
Cash flow hedges:
Foreign exchange contracts$(93)$433 $195 
Net revenues$108 $186 $194 
Cost of sales— — — 
Marketing, administration and research costs(42)20 27 
Interest expense, net(1)2 (15)
Interest rate contracts(14)95 37 Interest expense, net54 51 46 
Commodity contracts(1)(1)(7)Cost of sales(7)(1)— 
Fair value hedges:
Interest rate contracts
Interest expense, net (a)
$65 $(32)$(14)
Net investment hedges (b):
Foreign exchange contracts(1,989)867 (788)
Interest expense, net (c)
301 293 268 
Marketing, administration and research costs— 35 — 
Derivative contracts not designated as hedging instruments:
Foreign exchange contractsInterest expense, net367 219 301 
Marketing, administration and research costs (d)
(1,515)523 (575)
Total$(2,097)$1,394 $(563)$112 $293 $252 $(782)$1,003 $(20)
(a) The gains (losses) from these contracts are offset by the changes in the fair value of the hedged item
(b) Amount of gains (losses) on hedges of net investments principally related to changes in foreign currency exchange and interest rates between the Euro and U.S. dollar
(c) Represent the gains for amounts excluded from the effectiveness testing
(d) The gains (losses) from these contracts attributable to changes in foreign currency exchange rates are largely offset by the (losses) and gains generated by the underlying intercompany and third-party loans being hedged
Qualifying Hedging Activity Reported in Accumulated Other Comprehensive Earnings (Losses), Net of Income Taxes Hedging activity affected accumulated other comprehensive losses, net of income taxes, as follows:
For the Years Ended December 31,
(in millions)
202520242023
Gain/(loss) as of January 1,
$467 $241 $266 
Derivative (gains)/losses transferred to earnings
(94)(213)(220)
Change in fair value
(89)439 195 
Gain/(loss) as of December 31,
$284 $467 $241 
Fair Value of Certain Other Investments At December 31, 2025 and 2024 the fair value of PMI's outstanding long-term debt, excluding the aforementioned finance leases, was as follows:
December 31,
(in millions)
20252024
Level 1$45,288 $41,431 
Level 23,085 3,011 
At December 31, 2025 and 2024, the fair values of PMI's certain other investments were as follows:

December 31,
(in millions)
20252024
Level 1, U.S. dollar denominated bonds in Argentina$189 $125 
Level 2, Indonesian rupiah denominated bonds in Indonesia27 —