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Condensed Consolidating Financial Information (Tables) | 12 Months Ended
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Dec. 31, 2013
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Condensed Consolidating Balance Sheet |
at December 31, 2013 | Altria Group, Inc. |  |  | PM USA |  |  | Non- Guarantor Subsidiaries |  |  | Total Consolidating Adjustments |  |  | Consolidated |
Assets |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 3,114 |  |  | $ | 1 |  |  | $ | 60 |  |  | $ | — |  |  | $ | 3,175 |
Receivables | — |  |  | 11 |  |  | 104 |  |  | — |  |  | 115 |
Inventories: |  |  |  |  |  |  |  |  |
Leaf tobacco | — |  |  | 564 |  |  | 369 |  |  | — |  |  | 933 |
Other raw materials | — |  |  | 121 |  |  | 59 |  |  | — |  |  | 180 |
Work in process | — |  |  | 3 |  |  | 391 |  |  | — |  |  | 394 |
Finished product | — |  |  | 141 |  |  | 231 |  |  | — |  |  | 372 |
| — |  |  | 829 |  |  | 1,050 |  |  | — |  |  | 1,879 |
Due from Altria Group, Inc. and subsidiaries | 590 |  |  | 3,253 |  |  | 1,706 |  |  | (5,549 | ) |  | — |
Deferred income taxes | 2 |  |  | 1,133 |  |  | 26 |  |  | (61 | ) |  | 1,100 |
Other current assets | 109 |  |  | 125 |  |  | 105 |  |  | (18 | ) |  | 321 |
Total current assets | 3,815 |  |  | 5,352 |  |  | 3,051 |  |  | (5,628 | ) |  | 6,590 |
Property, plant and equipment, at cost | 2 |  |  | 3,269 |  |  | 1,546 |  |  | — |  |  | 4,817 |
Less accumulated depreciation | 2 |  |  | 2,168 |  |  | 619 |  |  | — |  |  | 2,789 |
| — |  |  | 1,101 |  |  | 927 |  |  | — |  |  | 2,028 |
Goodwill | — |  |  | — |  |  | 5,174 |  |  | — |  |  | 5,174 |
Other intangible assets, net | — |  |  | 2 |  |  | 12,056 |  |  | — |  |  | 12,058 |
Investment in SABMiller | 6,455 |  |  | — |  |  | — |  |  | — |  |  | 6,455 |
Investment in consolidated subsidiaries | 11,227 |  |  | 2,988 |  |  | — |  |  | (14,215 | ) |  | — |
Finance assets, net | — |  |  | — |  |  | 1,997 |  |  | — |  |  | 1,997 |
Due from Altria Group, Inc. and subsidiaries | 4,790 |  |  | — |  |  | — |  |  | (4,790 | ) |  | — |
Other assets | 157 |  |  | 455 |  |  | 218 |  |  | (273 | ) |  | 557 |
Total Assets | $ | 26,444 |  |  | $ | 9,898 |  |  | $ | 23,423 |  |  | $ | (24,906 | ) |  | $ | 34,859 |
Condensed Consolidating Balance Sheets (Continued) (in millions of dollars) ____________________________
at December 31, 2013 | Altria Group, Inc. |  |  | PM USA |  |  | Non- Guarantor Subsidiaries |  |  | Total Consolidating Adjustments |  |  | Consolidated |
Liabilities |  |  |  |  |  |  |  |  |
Current portion of long-term debt | $ | 525 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 525 |
Accounts payable | 26 |  |  | 106 |  |  | 277 |  |  | — |  |  | 409 |
Accrued liabilities: |  |  |  |  |  |  |  |  |
Marketing | — |  |  | 464 |  |  | 48 |  |  | — |  |  | 512 |
Employment costs | 94 |  |  | 10 |  |  | 151 |  |  | — |  |  | 255 |
Settlement charges | — |  |  | 3,386 |  |  | 5 |  |  | — |  |  | 3,391 |
Other | 302 |  |  | 531 |  |  | 253 |  |  | (79 | ) |  | 1,007 |
Dividends payable | 959 |  |  | — |  |  | — |  |  | — |  |  | 959 |
Due to Altria Group, Inc. and subsidiaries | 4,487 |  |  | 473 |  |  | 589 |  |  | (5,549 | ) |  | — |
Total current liabilities | 6,393 |  |  | 4,970 |  |  | 1,323 |  |  | (5,628 | ) |  | 7,058 |
Long-term debt | 13,692 |  |  | — |  |  | 300 |  |  | — |  |  | 13,992 |
Deferred income taxes | 1,867 |  |  | — |  |  | 5,260 |  |  | (273 | ) |  | 6,854 |
Accrued pension costs | 197 |  |  | — |  |  | 15 |  |  | — |  |  | 212 |
Accrued postretirement health care costs | — |  |  | 1,437 |  |  | 718 |  |  | — |  |  | 2,155 |
Due to Altria Group, Inc. and subsidiaries | — |  |  | — |  |  | 4,790 |  |  | (4,790 | ) |  | — |
Other liabilities | 176 |  |  | 130 |  |  | 129 |  |  | — |  |  | 435 |
Total Liabilities | 22,325 |  |  | 6,537 |  |  | 12,535 |  |  | (10,691 | ) |  | 30,706 |
Contingencies |  |  |  |  |  |  |  |  |
Redeemable noncontrolling interest | — |  |  | — |  |  | 35 |  |  | — |  |  | 35 |
Stockholders’ Equity |  |  |  |  |  |  |  |  |
Common stock | 935 |  |  | — |  |  | 9 |  |  | (9 | ) |  | 935 |
Additional paid-in capital | 5,714 |  |  | 3,310 |  |  | 10,328 |  |  | (13,638 | ) |  | 5,714 |
Earnings reinvested in the business | 25,168 |  |  | 282 |  |  | 1,498 |  |  | (1,780 | ) |  | 25,168 |
Accumulated other comprehensive losses | (1,378 | ) |  | (231 | ) |  | (981 | ) |  | 1,212 |  |  | (1,378 | )
Cost of repurchased stock | (26,320 | ) |  | — |  |  | — |  |  | — |  |  | (26,320 | )
Total stockholders’ equity attributable to Altria Group, Inc. | 4,119 |  |  | 3,361 |  |  | 10,854 |  |  | (14,215 | ) |  | 4,119 |
Noncontrolling interests | — |  |  | — |  |  | (1 | ) |  | — |  |  | (1 | )
Total stockholders’ equity | 4,119 |  |  | 3,361 |  |  | 10,853 |  |  | (14,215 | ) |  | 4,118 |
Total Liabilities and Stockholders’ Equity | $ | 26,444 |  |  | $ | 9,898 |  |  | $ | 23,423 |  |  | $ | (24,906 | ) |  | $ | 34,859 |
Condensed Consolidating Balance Sheets (in millions of dollars) ____________________________
at December 31, 2012 | Altria Group, Inc. |  |  | PM USA |  |  | Non- Guarantor Subsidiaries |  |  | Total Consolidating Adjustments |  |  | Consolidated |
Assets |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 2,862 |  |  | $ | — |  |  | $ | 38 |  |  | $ | — |  |  | $ | 2,900 |
Receivables | 101 |  |  | 7 |  |  | 85 |  |  | — |  |  | 193 |
Inventories: |  |  |  |  |  |  |  |  |
Leaf tobacco | — |  |  | 512 |  |  | 364 |  |  | — |  |  | 876 |
Other raw materials | — |  |  | 127 |  |  | 46 |  |  | — |  |  | 173 |
Work in process | — |  |  | 3 |  |  | 346 |  |  | — |  |  | 349 |
Finished product | — |  |  | 117 |  |  | 231 |  |  | — |  |  | 348 |
| — |  |  | 759 |  |  | 987 |  |  | — |  |  | 1,746 |
Due from Altria Group, Inc. and subsidiaries | 834 |  |  | 3,424 |  |  | 1,171 |  |  | (5,429 | ) |  | — |
Deferred income taxes | — |  |  | 1,246 |  |  | 16 |  |  | (46 | ) |  | 1,216 |
Other current assets | — |  |  | 193 |  |  | 175 |  |  | (108 | ) |  | 260 |
Total current assets | 3,797 |  |  | 5,629 |  |  | 2,472 |  |  | (5,583 | ) |  | 6,315 |
Property, plant and equipment, at cost | 2 |  |  | 3,253 |  |  | 1,495 |  |  | — |  |  | 4,750 |
Less accumulated depreciation | 2 |  |  | 2,073 |  |  | 573 |  |  | — |  |  | 2,648 |
| — |  |  | 1,180 |  |  | 922 |  |  | — |  |  | 2,102 |
Goodwill | — |  |  | — |  |  | 5,174 |  |  | — |  |  | 5,174 |
Other intangible assets, net | — |  |  | 2 |  |  | 12,076 |  |  | — |  |  | 12,078 |
Investment in SABMiller | 6,637 |  |  | — |  |  | — |  |  | — |  |  | 6,637 |
Investment in consolidated subsidiaries | 9,521 |  |  | 3,018 |  |  | — |  |  | (12,539 | ) |  | — |
Finance assets, net | — |  |  | — |  |  | 2,581 |  |  | — |  |  | 2,581 |
Due from Altria Group, Inc. and subsidiaries | 4,500 |  |  | — |  |  | — |  |  | (4,500 | ) |  | — |
Other assets | 136 |  |  | 530 |  |  | 141 |  |  | (365 | ) |  | 442 |
Total Assets | $ | 24,591 |  |  | $ | 10,359 |  |  | $ | 23,366 |  |  | $ | (22,987 | ) |  | $ | 35,329 |
Condensed Consolidating Balance Sheets (Continued) (in millions of dollars) ____________________________
at December 31, 2012 | Altria Group, Inc. |  |  | PM USA |  |  | Non- Guarantor Subsidiaries |  |  | Total Consolidating Adjustments |  |  | Consolidated |
Liabilities |  |  |  |  |  |  |  |  |
Current portion of long-term debt | $ | 1,459 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 1,459 |
Accounts payable | 4 |  |  | 155 |  |  | 292 |  |  | — |  |  | 451 |
Accrued liabilities: |  |  |  |  |  |  |  |  |
Marketing | — |  |  | 526 |  |  | 42 |  |  | — |  |  | 568 |
Employment costs | 27 |  |  | 10 |  |  | 147 |  |  | — |  |  | 184 |
Settlement charges | — |  |  | 3,610 |  |  | 6 |  |  | — |  |  | 3,616 |
Other | 469 |  |  | 506 |  |  | 272 |  |  | (154 | ) |  | 1,093 |
Dividends payable | 888 |  |  | — |  |  | — |  |  | — |  |  | 888 |
Due to Altria Group, Inc. and subsidiaries | 3,965 |  |  | 409 |  |  | 1,055 |  |  | (5,429 | ) |  | — |
Total current liabilities | 6,812 |  |  | 5,216 |  |  | 1,814 |  |  | (5,583 | ) |  | 8,259 |
Long-term debt | 12,120 |  |  | — |  |  | 299 |  |  | — |  |  | 12,419 |
Deferred income taxes | 2,034 |  |  | — |  |  | 4,983 |  |  | (365 | ) |  | 6,652 |
Accrued pension costs | 235 |  |  | — |  |  | 1,500 |  |  | — |  |  | 1,735 |
Accrued postretirement health care costs | — |  |  | 1,759 |  |  | 745 |  |  | — |  |  | 2,504 |
Due to Altria Group, Inc. and subsidiaries | — |  |  | — |  |  | 4,500 |  |  | (4,500 | ) |  | — |
Other liabilities | 222 |  |  | 178 |  |  | 156 |  |  | — |  |  | 556 |
Total Liabilities | 21,423 |  |  | 7,153 |  |  | 13,997 |  |  | (10,448 | ) |  | 32,125 |
Contingencies |  |  |  |  |  |  |  |  |
Redeemable noncontrolling interest | — |  |  | — |  |  | 34 |  |  | — |  |  | 34 |
Stockholders’ Equity |  |  |  |  |  |  |  |  |
Common stock | 935 |  |  | — |  |  | 9 |  |  | (9 | ) |  | 935 |
Additional paid-in capital | 5,688 |  |  | 3,321 |  |  | 10,272 |  |  | (13,593 | ) |  | 5,688 |
Earnings reinvested in the business | 24,316 |  |  | 314 |  |  | 943 |  |  | (1,257 | ) |  | 24,316 |
Accumulated other comprehensive losses | (2,040 | ) |  | (429 | ) |  | (1,891 | ) |  | 2,320 |  |  | (2,040 | )
Cost of repurchased stock | (25,731 | ) |  | — |  |  | — |  |  | — |  |  | (25,731 | )
Total stockholders’ equity attributable to Altria Group, Inc. | 3,168 |  |  | 3,206 |  |  | 9,333 |  |  | (12,539 | ) |  | 3,168 |
Noncontrolling interests | — |  |  | — |  |  | 2 |  |  | — |  |  | 2 |
Total stockholders’ equity | 3,168 |  |  | 3,206 |  |  | 9,335 |  |  | (12,539 | ) |  | 3,170 |
Total Liabilities and Stockholders’ Equity | $ | 24,591 |  |  | $ | 10,359 |  |  | $ | 23,366 |  |  | $ | (22,987 | ) |  | $ | 35,329 |
Condensed Consolidating Statements of Earnings |
for the year ended December 31, 2013 | Altria Group, Inc. |  |  | PM USA |  |  | Non- Guarantor Subsidiaries |  |  | Total Consolidating Adjustments |  |  | Consolidated |
Net revenues | $ | — |  |  | $ | 21,231 |  |  | $ | 3,269 |  |  | $ | (34 | ) |  | $ | 24,466 |
Cost of sales | — |  |  | 6,281 |  |  | 959 |  |  | (34 | ) |  | 7,206 |
Excise taxes on products | — |  |  | 6,553 |  |  | 250 |  |  | — |  |  | 6,803 |
Gross profit | — |  |  | 8,397 |  |  | 2,060 |  |  | — |  |  | 10,457 |
Marketing, administration and research costs | 223 |  |  | 1,837 |  |  | 260 |  |  | — |  |  | 2,320 |
Changes to Mondelēz & PMI tax-related receivables/payables | 25 |  |  | (3 | ) |  | — |  |  | — |  |  | 22 |
Asset impairment and exit costs | — |  |  | 3 |  |  | 8 |  |  | — |  |  | 11 |
Amortization of intangibles | — |  |  | — |  |  | 20 |  |  | — |  |  | 20 |
Operating (expense) income | (248 | ) |  | 6,560 |  |  | 1,772 |  |  | — |  |  | 8,084 |
Interest and other debt expense, net | 643 |  |  | 2 |  |  | 404 |  |  | — |  |  | 1,049 |
Loss on early extinguishment of debt | 1,084 |  |  | — |  |  | — |  |  | — |  |  | 1,084 |
Earnings from equity investment in SABMiller | (991 | ) |  | — |  |  | — |  |  | — |  |  | (991 | )
(Loss) earnings before income taxes and equity earnings of subsidiaries | (984 | ) |  | 6,558 |  |  | 1,368 |  |  | — |  |  | 6,942 |
(Benefit) provision for income taxes | (488 | ) |  | 2,406 |  |  | 489 |  |  | — |  |  | 2,407 |
Equity earnings of subsidiaries | 5,031 |  |  | 216 |  |  | — |  |  | (5,247 | ) |  | — |
Net earnings | 4,535 |  |  | 4,368 |  |  | 879 |  |  | (5,247 | ) |  | 4,535 |
Net earnings attributable to noncontrolling interests | — |  |  | — |  |  | — |  |  | — |  |  | — |
Net earnings attributable to Altria Group, Inc. | $ | 4,535 |  |  | $ | 4,368 |  |  | $ | 879 |  |  | $ | (5,247 | ) |  | $ | 4,535 |
Net earnings | $ | 4,535 |  |  | $ | 4,368 |  |  | $ | 879 |  |  | $ | (5,247 | ) |  | $ | 4,535 |
Other comprehensive earnings, net of deferred income taxes | 662 |  |  | 198 |  |  | 910 |  |  | (1,108 | ) |  | 662 |
Comprehensive earnings | 5,197 |  |  | 4,566 |  |  | 1,789 |  |  | (6,355 | ) |  | 5,197 |
Comprehensive earnings attributable to noncontrolling interests | — |  |  | — |  |  | — |  |  | — |  |  | — |
Comprehensive earnings attributable to Altria Group, Inc. | $ | 5,197 |  |  | $ | 4,566 |  |  | $ | 1,789 |  |  | $ | (6,355 | ) |  | $ | 5,197 |
Condensed Consolidating Statements of Earnings and Comprehensive Earnings (in millions of dollars) _____________________________
for the year ended December 31, 2012 | Altria Group, Inc. |  |  | PM USA |  |  | Non- Guarantor Subsidiaries |  |  | Total Consolidating Adjustments |  |  | Consolidated |
Net revenues | $ | — |  |  | $ | 21,531 |  |  | $ | 3,110 |  |  | $ | (23 | ) |  | $ | 24,618 |
Cost of sales | — |  |  | 7,067 |  |  | 893 |  |  | (23 | ) |  | 7,937 |
Excise taxes on products | — |  |  | 6,831 |  |  | 287 |  |  | — |  |  | 7,118 |
Gross profit | — |  |  | 7,633 |  |  | 1,930 |  |  | — |  |  | 9,563 |
Marketing, administration and research costs | 210 |  |  | 1,867 |  |  | 204 |  |  | — |  |  | 2,281 |
Changes to Mondelēz and PMI tax-related receivables/payables | (52 | ) |  | — |  |  | — |  |  | — |  |  | (52 | )
Asset impairment and exit costs | 1 |  |  | 59 |  |  | 1 |  |  | — |  |  | 61 |
Amortization of intangibles | — |  |  | — |  |  | 20 |  |  | — |  |  | 20 |
Operating (expense) income | (159 | ) |  | 5,707 |  |  | 1,705 |  |  | — |  |  | 7,253 |
Interest and other debt expense (income), net | 705 |  |  | (3 | ) |  | 424 |  |  | — |  |  | 1,126 |
Loss on early extinguishment of debt | 874 |  |  | — |  |  | — |  |  | — |  |  | 874 |
Earnings from equity investment in SABMiller | (1,224 | ) |  | — |  |  | — |  |  | — |  |  | (1,224 | )
(Loss) earnings before income taxes and equity earnings of subsidiaries | (514 | ) |  | 5,710 |  |  | 1,281 |  |  | — |  |  | 6,477 |
(Benefit) provision for income taxes | (196 | ) |  | 2,100 |  |  | 390 |  |  | — |  |  | 2,294 |
Equity earnings of subsidiaries | 4,498 |  |  | 218 |  |  | — |  |  | (4,716 | ) |  | — |
Net earnings | 4,180 |  |  | 3,828 |  |  | 891 |  |  | (4,716 | ) |  | 4,183 |
Net earnings attributable to noncontrolling interests | — |  |  | — |  |  | (3 | ) |  | — |  |  | (3 | )
Net earnings attributable to Altria Group, Inc. | $ | 4,180 |  |  | $ | 3,828 |  |  | $ | 888 |  |  | $ | (4,716 | ) |  | $ | 4,180 |
Net earnings | $ | 4,180 |  |  | $ | 3,828 |  |  | $ | 891 |  |  | $ | (4,716 | ) |  | $ | 4,183 |
Other comprehensive losses, net of deferred income taxes | (153 | ) |  | (117 | ) |  | (242 | ) |  | 359 |  |  | (153 | )
Comprehensive earnings | 4,027 |  |  | 3,711 |  |  | 649 |  |  | (4,357 | ) |  | 4,030 |
Comprehensive earnings attributable to noncontrolling interests | — |  |  | — |  |  | (3 | ) |  | — |  |  | (3 | )
Comprehensive earnings attributable to Altria Group, Inc. | $ | 4,027 |  |  | $ | 3,711 |  |  | $ | 646 |  |  | $ | (4,357 | ) |  | $ | 4,027 |
Condensed Consolidating Statements of Earnings and Comprehensive Earnings (in millions of dollars) _____________________________
for the year ended December 31, 2011 | Altria Group, Inc. |  |  | PM USA |  |  | Non- Guarantor Subsidiaries |  |  | Total Consolidating Adjustments |  |  | Consolidated |
Net revenues | $ | — |  |  | $ | 21,330 |  |  | $ | 2,496 |  |  | $ | (26 | ) |  | $ | 23,800 |
Cost of sales | — |  |  | 6,883 |  |  | 823 |  |  | (26 | ) |  | 7,680 |
Excise taxes on products | — |  |  | 6,846 |  |  | 335 |  |  | — |  |  | 7,181 |
Gross profit | — |  |  | 7,601 |  |  | 1,338 |  |  | — |  |  | 8,939 |
Marketing, administration and research costs | 186 |  |  | 2,164 |  |  | 293 |  |  | — |  |  | 2,643 |
Changes to Mondelēz and PMI tax-related receivables/payables | (14 | ) |  | — |  |  | — |  |  | — |  |  | (14 | )
Asset impairment and exit costs | 8 |  |  | 200 |  |  | 14 |  |  | — |  |  | 222 |
Amortization of intangibles | — |  |  | — |  |  | 20 |  |  | — |  |  | 20 |
Operating (expense) income | (180 | ) |  | 5,237 |  |  | 1,011 |  |  | — |  |  | 6,068 |
Interest and other debt expense, net | 698 |  |  | 61 |  |  | 457 |  |  | — |  |  | 1,216 |
Earnings from equity investment in SABMiller | (730 | ) |  | — |  |  | — |  |  | — |  |  | (730 | )
(Loss) earnings before income taxes and equity earnings of subsidiaries | (148 | ) |  | 5,176 |  |  | 554 |  |  | — |  |  | 5,582 |
(Benefit) provision for income taxes | (199 | ) |  | 1,930 |  |  | 458 |  |  | — |  |  | 2,189 |
Equity earnings of subsidiaries | 3,339 |  |  | 153 |  |  | — |  |  | (3,492 | ) |  | — |
Net earnings | 3,390 |  |  | 3,399 |  |  | 96 |  |  | (3,492 | ) |  | 3,393 |
Net earnings attributable to noncontrolling interests | — |  |  | — |  |  | (3 | ) |  | — |  |  | (3 | )
Net earnings attributable to Altria Group, Inc. | $ | 3,390 |  |  | $ | 3,399 |  |  | $ | 93 |  |  | $ | (3,492 | ) |  | $ | 3,390 |
Net earnings | $ | 3,390 |  |  | $ | 3,399 |  |  | $ | 96 |  |  | $ | (3,492 | ) |  | $ | 3,393 |
Other comprehensive losses, net of deferred income taxes | (403 | ) |  | (36 | ) |  | (209 | ) |  | 245 |  |  | (403 | )
Comprehensive earnings (losses) | 2,987 |  |  | 3,363 |  |  | (113 | ) |  | (3,247 | ) |  | 2,990 |
Comprehensive earnings attributable to noncontrolling interests | — |  |  | — |  |  | (3 | ) |  | — |  |  | (3 | )
Comprehensive earnings attributable to Altria Group, Inc. | $ | 2,987 |  |  | $ | 3,363 |  |  | $ | (116 | ) |  | $ | (3,247 | ) |  | $ | 2,987 |
Condensed Consolidating Statements of Cash Flows |
for the year ended December 31, 2013 | Altria Group, Inc. |  |  | PM USA |  |  | Non- Guarantor Subsidiaries |  |  | Total Consolidating Adjustments |  |  | Consolidated |
Cash Provided by Operating Activities |  |  |  |  |  |  |  |  |
Net cash provided by operating activities | $ | 4,520 |  |  | $ | 4,192 |  |  | $ | 387 |  |  | $ | (4,724 | ) |  | $ | 4,375 |
Cash Provided by (Used in) Investing Activities |  |  |  |  |  |  |  |  |
Capital expenditures | — |  |  | (31 | ) |  | (100 | ) |  | — |  |  | (131 | )
Proceeds from finance assets | — |  |  | — |  |  | 716 |  |  | — |  |  | 716 |
Other | — |  |  | — |  |  | 17 |  |  | — |  |  | 17 |
Net cash (used in) provided by investing activities | — |  |  | (31 | ) |  | 633 |  |  | — |  |  | 602 |
Cash Provided by (Used in) Financing Activities |  |  |  |  |  |  |  |  |
Long-term debt issued | 4,179 |  |  | — |  |  | — |  |  | — |  |  | 4,179 |
Long-term debt repaid | (3,559 | ) |  | — |  |  | — |  |  | — |  |  | (3,559 | )
Repurchases of common stock | (634 | ) |  | — |  |  | — |  |  | — |  |  | (634 | )
Dividends paid on common stock | (3,612 | ) |  | — |  |  | — |  |  | — |  |  | (3,612 | )
Changes in amounts due to/from Altria Group, Inc. and subsidiaries | 432 |  |  | 240 |  |  | (672 | ) |  | — |  |  | — |
Financing fees and debt issuance costs | (39 | ) |  | — |  |  | — |  |  | — |  |  | (39 | )
Tender premiums and fees related to early extinguishment of debt | (1,054 | ) |  | — |  |  | — |  |  | — |  |  | (1,054 | )
Cash dividends paid to parent | — |  |  | (4,400 | ) |  | (324 | ) |  | 4,724 |  |  | — |
Other | 19 |  |  | — |  |  | (2 | ) |  | — |  |  | 17 |
Net cash used in financing activities | (4,268 | ) |  | (4,160 | ) |  | (998 | ) |  | 4,724 |  |  | (4,702 | )
Cash and cash equivalents: |  |  |  |  |  |  |  |  |
Increase | 252 |  |  | 1 |  |  | 22 |  |  | — |  |  | 275 |
Balance at beginning of year | 2,862 |  |  | — |  |  | 38 |  |  | — |  |  | 2,900 |
Balance at end of year | $ | 3,114 |  |  | $ | 1 |  |  | $ | 60 |  |  | $ | — |  |  | $ | 3,175 |
Condensed Consolidating Statements of Cash Flows (in millions of dollars) _____________________________
for the year ended December 31, 2012 | Altria Group, Inc. |  |  | PM USA |  |  | Non- Guarantor Subsidiaries |  |  | Total Consolidating Adjustments |  |  | Consolidated |
Cash Provided by Operating Activities |  |  |  |  |  |  |  |  |
Net cash provided by operating activities | $ | 3,063 |  |  | $ | 4,200 |  |  | $ | 549 |  |  | $ | (3,927 | ) |  | $ | 3,885 |
Cash Provided by (Used in) Investing Activities |  |  |  |  |  |  |  |  |
Capital expenditures | — |  |  | (35 | ) |  | (89 | ) |  | — |  |  | (124 | )
Proceeds from finance assets | — |  |  | — |  |  | 1,049 |  |  | — |  |  | 1,049 |
Other | — |  |  | — |  |  | (5 | ) |  | — |  |  | (5 | )
Net cash (used in) provided by investing activities | — |  |  | (35 | ) |  | 955 |  |  | — |  |  | 920 |
Cash Provided by (Used in) Financing Activities |  |  |  |  |  |  |  |  |
Long-term debt issued | 2,787 |  |  | — |  |  | — |  |  | — |  |  | 2,787 |
Long-term debt repaid | (2,000 | ) |  | — |  |  | (600 | ) |  | — |  |  | (2,600 | )
Repurchases of common stock | (1,082 | ) |  | — |  |  | — |  |  | — |  |  | (1,082 | )
Dividends paid on common stock | (3,400 | ) |  | — |  |  | — |  |  | — |  |  | (3,400 | )
Changes in amounts due to/from Altria Group, Inc. and subsidiaries | 1,128 |  |  | (475 | ) |  | (653 | ) |  | — |  |  | — |
Financing fees and debt issuance costs | (22 | ) |  | — |  |  | — |  |  | — |  |  | (22 | )
Tender premiums and fees related to early extinguishment of debt | (864 | ) |  | — |  |  | — |  |  | — |  |  | (864 | )
Cash dividends paid to parent | — |  |  | (3,690 | ) |  | (237 | ) |  | 3,927 |  |  | — |
Other | 7 |  |  | — |  |  | (1 | ) |  | — |  |  | 6 |
Net cash used in financing activities | (3,446 | ) |  | (4,165 | ) |  | (1,491 | ) |  | 3,927 |  |  | (5,175 | )
Cash and cash equivalents: |  |  |  |  |  |  |  |  |
(Decrease) increase | (383 | ) |  | — |  |  | 13 |  |  | — |  |  | (370 | )
Balance at beginning of year | 3,245 |  |  | — |  |  | 25 |  |  | — |  |  | 3,270 |
Balance at end of year | $ | 2,862 |  |  | $ | — |  |  | $ | 38 |  |  | $ | — |  |  | $ | 2,900 |
Condensed Consolidating Statements of Cash Flows (in millions of dollars) _____________________________
for the year ended December 31, 2011 | Altria Group, Inc. |  |  | PM USA |  |  | Non- Guarantor Subsidiaries |  |  | Total Consolidating Adjustments |  |  | Consolidated |
Cash Provided by Operating Activities |  |  |  |  |  |  |  |  |
Net cash provided by operating activities | $ | 3,515 |  |  | $ | 3,719 |  |  | $ | 226 |  |  | $ | (3,879 | ) |  | $ | 3,581 |
Cash Provided by (Used in) Investing Activities |  |  |  |  |  |  |  |  |
Capital expenditures | — |  |  | (26 | ) |  | (79 | ) |  | — |  |  | (105 | )
Proceeds from finance assets | — |  |  | — |  |  | 490 |  |  | — |  |  | 490 |
Other | — |  |  | 1 |  |  | 1 |  |  | — |  |  | 2 |
Net cash (used in) provided by investing activities | — |  |  | (25 | ) |  | 412 |  |  | — |  |  | 387 |
Cash Provided by (Used in) Financing Activities |  |  |  |  |  |  |  |  |
Long-term debt issued | 1,494 |  |  | — |  |  | — |  |  | — |  |  | 1,494 |
Repurchases of common stock | (1,327 | ) |  | — |  |  | — |  |  | — |  |  | (1,327 | )
Dividends paid on common stock | (3,222 | ) |  | — |  |  | — |  |  | — |  |  | (3,222 | )
Issuances of common stock | 29 |  |  | — |  |  | — |  |  | — |  |  | 29 |
Changes in amounts due to/from Altria Group, Inc. and subsidiaries | 441 |  |  | (28 | ) |  | (413 | ) |  | — |  |  | — |
Financing fees and debt issuance costs | (24 | ) |  | — |  |  | — |  |  | — |  |  | (24 | )
Cash dividends paid to parent | — |  |  | (3,666 | ) |  | (213 | ) |  | 3,879 |  |  | — |
Other | 41 |  |  | — |  |  | (3 | ) |  | — |  |  | 38 |
Net cash used in financing activities | (2,568 | ) |  | (3,694 | ) |  | (629 | ) |  | 3,879 |  |  | (3,012 | )
Cash and cash equivalents: |  |  |  |  |  |  |  |  |
Increase | 947 |  |  | — |  |  | 9 |  |  | — |  |  | 956 |
Balance at beginning of year | 2,298 |  |  | — |  |  | 16 |  |  | — |  |  | 2,314 |
Balance at end of year | $ | 3,245 |  |  | $ | — |  |  | $ | 25 |  |  | $ | — |  |  | $ | 3,270 |

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