Philip Morris International Inc. 10-Q

Item 2. Unregistered Sales of Equity Securities, Use of Proceeds, and Issuer Purchases of Equity Securities Our share repurchase activity for each of the three months in the quarter ended September 30, 2023, was as follows: Period Total Number of Shares Repurchased Average Price Paid Per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs Approximate Dollar Value of Shares that May Yet be Purchased Under the Plans or Programs July 1, 2023 – July 31, 2023 (1) — $ — 10,481,359 $ 6,016,847,275 August 1, 2023 – August 31, 2023 (1) — $ — 10,481,359 $ 6,016,847,275 September 1, 2023 – September 30, 2023 (1) — $ — 10,481,359 $ 6,016,847,275 Pursuant to Publicly Announced Plans or Programs — $ — July 1, 2023 – July 31, 2023 (2) 4,513 $ 97.69 August 1, 2023 – August 31, 2023 (2) 2,410 $ 99.68 September 1, 2023 – September 30, 2023 (2) 7,049 $ 96.37 For the Quarter Ended September 30, 2023 13,972 $ 97.37 (1) On June 11, 2021, our Board of Directors authorized a new share repurchase program of up to $7 billion, with target spending of $5 billion to $7 billion over a three-year period that commenced in July 2021. These share repurchases have been made pursuant to the $7 billion program. On May 11, 2022, we announced the suspension of our three-year share repurchase program following the recommended public offer to acquire the outstanding shares of Swedish Match from its shareholders. For further details on the Swedish Match acquisition, see Note 2. Acquisitions of Part I, Item 1 of this Form 10-Q. (2) Shares repurchased represent shares tendered to us by employees who vested in restricted and performance share unit awards and used shares to pay all, or a portion of, the related taxes. 120 Table of Contents