Philip Morris International Inc (PMI) is a manufacturer and marketer of tobacco and tobacco-related products. It offers cigarettes and smoke-free products, including vapor, heat-not-burn, and oral smokeless products. The company's smoke-free products offer nicotine without burning, presenting a safer alternative to traditional cigarettes. It manufactures and sells cigarettes and smoke-free products in more than 180 markets around the world.

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PMI’s R&D arm focuses on the development of new products and improving the existing product portfolio. It also focuses on expanding its range of reduced-risk products (RRPs). The company aims to bolster its brand presence and market positions through its expertise and technology. PMI operates an R&D facility in Switzerland. In FY2025, the company incurred expenses of US$756 million on R&D, which grew by 1.9% YoY.