Operator

Good day, and thank you for standing by. Welcome to the Philip Morris International 2026 First Quarter Results Call. [Operator Instructions] Please be advised that today's call is being recorded.

I would now like to hand it over to our first speaker, James Bushnell, Vice President of Investor Relations and Financial Communications. Please go ahead.

James Bushnell
Vice President of Investor Relations & Financial Communications

Welcome. Thank you for joining us. Earlier today, we issued a press release containing detailed information on our 2026 first quarter results. The press release is available on our website at pmi.com.

A glossary of terms, including the definition for smoke-free products as well as adjustments, other calculations and reconciliations to the most directly comparable U.S. GAAP measures for non-GAAP financial measures cited in this presentation are available in the exhibit to the company's Form 8-K dated on today's date and on our Investor Relations website.

Today's remarks contain forward-looking statements and projections of future results. I direct your attention to the forward-looking and cautionary statements disclosure in today's presentation and press release for a review of the various factors that could cause actual results to differ materially from projections or forward-looking statements.

I'm joined today by Emmanuel Babeau, Chief Financial Officer. Over