Philip Morris International (PMI) is in the midst of a profound corporate transformation—with the ultimate objective of becoming a smoke-free company, driven by science and technology, and we are making rapid progress. We are fully committed to this transformation, and our investment is unmatched in the industry. Since 2008, PMI has centrally invested over $9 billion to research, develop and commercialize a portfolio of smoke-free products. For the first half of 2022, these products account for more than 30 percent of PMI’s total net revenues—our goal is to be a majority smoke-free company in 2025. PMI’s future will be smoke-free. There is no going back. As part of our smoke-free journey, PMI is excited to enter the United States in a meaningful way and unlock the significant opportunity across other smoke-free categories over the coming years