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Condensed Consolidating Financial Information (Tables) | 6 Months Ended
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Jun. 30, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Condensed Consolidating Balance Sheet | Condensed Consolidating Balance Sheets June 30, 2014 (in millions of dollars)
|  | Altria Group, Inc. |  | PM USA |  | Non- Guarantor Subsidiaries |  | Total Consolidating Adjustments |  | Consolidated
Assets |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 1,146 |  |  | $ | — |  |  | $ | 47 |  |  | $ | — |  |  | $ | 1,193 |
Receivables |  | — |  |  | 6 |  |  | 99 |  |  | — |  |  | 105 |
Inventories: |  |  |  |  |  |  |  |  |  |
Leaf tobacco |  | — |  |  | 491 |  |  | 351 |  |  | — |  |  | 842 |
Other raw materials |  | — |  |  | 124 |  |  | 63 |  |  | — |  |  | 187 |
Work in process |  | — |  |  | 3 |  |  | 332 |  |  | — |  |  | 335 |
Finished product |  | — |  |  | 191 |  |  | 295 |  |  | — |  |  | 486 |
|  | — |  |  | 809 |  |  | 1,041 |  |  | — |  |  | 1,850 |
Due from Altria Group, Inc. and subsidiaries |  | 686 |  |  | 2,227 |  |  | 1,833 |  |  | (4,746 | ) |  | — |
Deferred income taxes |  | 2 |  |  | 1,134 |  |  | 26 |  |  | (61 | ) |  | 1,101 |
Other current assets |  | 141 |  |  | 56 |  |  | 69 |  |  | (40 | ) |  | 226 |
Total current assets |  | 1,975 |  |  | 4,232 |  |  | 3,115 |  |  | (4,847 | ) |  | 4,475 |
Property, plant and equipment, at cost |  | 2 |  |  | 3,227 |  |  | 1,587 |  |  | — |  |  | 4,816 |
Less accumulated depreciation |  | 2 |  |  | 2,163 |  |  | 654 |  |  | — |  |  | 2,819 |
|  | — |  |  | 1,064 |  |  | 933 |  |  | — |  |  | 1,997 |
Goodwill |  | — |  |  | — |  |  | 5,285 |  |  | — |  |  | 5,285 |
Other intangible assets, net |  | — |  |  | 2 |  |  | 12,057 |  |  | — |  |  | 12,059 |
Investment in SABMiller |  | 7,033 |  |  | — |  |  | — |  |  | — |  |  | 7,033 |
Investment in consolidated subsidiaries |  | 11,546 |  |  | 3,001 |  |  | — |  |  | (14,547 | ) |  | — |
Finance assets, net |  | — |  |  | — |  |  | 1,783 |  |  | — |  |  | 1,783 |
Due from Altria Group, Inc. and subsidiaries |  | 4,790 |  |  | — |  |  | — |  |  | (4,790 | ) |  | — |
Other assets |  | 150 |  |  | 474 |  |  | 276 |  |  | (250 | ) |  | 650 |
Total Assets |  | $ | 25,494 |  |  | $ | 8,773 |  |  | $ | 23,449 |  |  | $ | (24,434 | ) |  | $ | 33,282 |
Condensed Consolidating Balance Sheets (Continued) June 30, 2014 (in millions of dollars)
|  | Altria Group, Inc. |  | PM USA |  | Non- Guarantor Subsidiaries |  | Total Consolidating Adjustments |  | Consolidated
Liabilities |  |  |  |  |  |  |  |  |  |
Accounts payable |  | $ | 25 |  |  | $ | 103 |  |  | $ | 183 |  |  | $ | — |  |  | $ | 311 |
Accrued liabilities: |  |  |  |  |  |  |  |  |  |
Marketing |  | — |  |  | 488 |  |  | 33 |  |  | — |  |  | 521 |
Employment costs |  | 13 |  |  | 7 |  |  | 81 |  |  | — |  |  | 101 |
Settlement charges |  | — |  |  | 2,037 |  |  | 7 |  |  | — |  |  | 2,044 |
Other |  | 363 |  |  | 580 |  |  | 273 |  |  | (101 | ) |  | 1,115 |
Dividends payable |  | 954 |  |  | — |  |  | — |  |  | — |  |  | 954 |
Due to Altria Group, Inc. and subsidiaries |  | 3,574 |  |  | 490 |  |  | 682 |  |  | (4,746 | ) |  | — |
Total current liabilities |  | 4,929 |  |  | 3,705 |  |  | 1,259 |  |  | (4,847 | ) |  | 5,046 |
Long-term debt |  | 13,693 |  |  | — |  |  | 300 |  |  | — |  |  | 13,993 |
Deferred income taxes |  | 2,106 |  |  | — |  |  | 5,114 |  |  | (250 | ) |  | 6,970 |
Accrued pension costs |  | 196 |  |  | — |  |  | 17 |  |  | — |  |  | 213 |
Accrued postretirement health care costs |  | — |  |  | 1,414 |  |  | 738 |  |  | — |  |  | 2,152 |
Due to Altria Group, Inc. and subsidiaries |  | — |  |  | — |  |  | 4,790 |  |  | (4,790 | ) |  | — |
Other liabilities |  | 175 |  |  | 150 |  |  | 156 |  |  | — |  |  | 481 |
Total liabilities |  | 21,099 |  |  | 5,269 |  |  | 12,374 |  |  | (9,887 | ) |  | 28,855 |
Contingencies |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Redeemable noncontrolling interest |  | — |  |  | — |  |  | 34 |  |  | — |  |  | 34 |
Stockholders’ Equity |  |  |  |  |  |  |  |  |  |
Common stock |  | 935 |  |  | — |  |  | 9 |  |  | (9 | ) |  | 935 |
Additional paid-in capital |  | 5,692 |  |  | 3,310 |  |  | 10,568 |  |  | (13,878 | ) |  | 5,692 |
Earnings reinvested in the business |  | 25,698 |  |  | 420 |  |  | 1,405 |  |  | (1,825 | ) |  | 25,698 |
Accumulated other comprehensive losses |  | (1,229 | ) |  | (226 | ) |  | (939 | ) |  | 1,165 |  |  | (1,229 | )
Cost of repurchased stock |  | (26,701 | ) |  | — |  |  | — |  |  | — |  |  | (26,701 | )
Total stockholders’ equity attributable to Altria Group, Inc. |  | 4,395 |  |  | 3,504 |  |  | 11,043 |  |  | (14,547 | ) |  | 4,395 |
Noncontrolling interests |  | — |  |  | — |  |  | (2 | ) |  | — |  |  | (2 | )
Total stockholders’ equity |  | 4,395 |  |  | 3,504 |  |  | 11,041 |  |  | (14,547 | ) |  | 4,393 |
Total Liabilities and Stockholders’ Equity |  | $ | 25,494 |  |  | $ | 8,773 |  |  | $ | 23,449 |  |  | $ | (24,434 | ) |  | $ | 33,282 |
Condensed Consolidating Balance Sheets December 31, 2013 (in millions of dollars)
|  | 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) December 31, 2013 (in millions of dollars)
|  | 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 Statements of Earnings and Comprehensive Earnings | Condensed Consolidating Statements of Earnings and Comprehensive Earnings For the Six Months Ended June 30, 2014 (in millions of dollars)
|  | Altria Group, Inc. |  | PM USA |  | Non- Guarantor Subsidiaries |  | Total Consolidating Adjustments |  | Consolidated
Net revenues |  | $ | — |  |  | $ | 10,261 |  |  | $ | 1,534 |  |  | $ | (22 | ) |  | $ | 11,773 |
Cost of sales |  | — |  |  | 3,247 |  |  | 495 |  |  | (22 | ) |  | 3,720 |
Excise taxes on products |  | — |  |  | 3,089 |  |  | 105 |  |  | — |  |  | 3,194 |
Gross profit |  | — |  |  | 3,925 |  |  | 934 |  |  | — |  |  | 4,859 |
Marketing, administration and research costs |  | 104 |  |  | 867 |  |  | 187 |  |  | — |  |  | 1,158 |
Asset impairment and exit costs |  | — |  |  | (8 | ) |  | — |  |  | — |  |  | (8 | )
Operating (expense) income |  | (104 | ) |  | 3,066 |  |  | 747 |  |  | — |  |  | 3,709 |
Interest and other debt expense (income), net |  | 308 |  |  | (47 | ) |  | 122 |  |  | — |  |  | 383 |
Earnings from equity investment in SABMiller |  | (425 | ) |  | — |  |  | — |  |  | — |  |  | (425 | )
Earnings before income taxes and equity earnings of subsidiaries |  | 13 |  |  | 3,113 |  |  | 625 |  |  | — |  |  | 3,751 |
(Benefit) provision for income taxes |  | (65 | ) |  | 1,154 |  |  | 225 |  |  | — |  |  | 1,314 |
Equity earnings of subsidiaries |  | 2,359 |  |  | 117 |  |  | — |  |  | (2,476 | ) |  | — |
Net earnings |  | 2,437 |  |  | 2,076 |  |  | 400 |  |  | (2,476 | ) |  | 2,437 |
Net earnings attributable to noncontrolling interests |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Net earnings attributable to Altria Group, Inc. |  | $ | 2,437 |  |  | $ | 2,076 |  |  | $ | 400 |  |  | $ | (2,476 | ) |  | $ | 2,437 |
Net earnings |  | $ | 2,437 |  |  | $ | 2,076 |  |  | $ | 400 |  |  | $ | (2,476 | ) |  | $ | 2,437 |
Other comprehensive earnings, net of deferred income taxes |  | 149 |  |  | 5 |  |  | 42 |  |  | (47 | ) |  | 149 |
Comprehensive earnings |  | 2,586 |  |  | 2,081 |  |  | 442 |  |  | (2,523 | ) |  | 2,586 |
Comprehensive earnings attributable to noncontrolling interests |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Comprehensive earnings attributable to Altria Group, Inc. |  | $ | 2,586 |  |  | $ | 2,081 |  |  | $ | 442 |  |  | $ | (2,523 | ) |  | $ | 2,586 |
Condensed Consolidating Statements of Earnings and Comprehensive Earnings For the Six Months Ended June 30, 2013 (in millions of dollars)
|  | Altria Group, Inc. |  | PM USA |  | Non- Guarantor Subsidiaries |  | Total Consolidating Adjustments |  | Consolidated
Net revenues |  | $ | — |  |  | $ | 10,340 |  |  | $ | 1,504 |  |  | $ | (11 | ) |  | $ | 11,833 |
Cost of sales |  | — |  |  | 2,852 |  |  | 430 |  |  | (11 | ) |  | 3,271 |
Excise taxes on products |  | — |  |  | 3,208 |  |  | 126 |  |  | — |  |  | 3,334 |
Gross profit |  | — |  |  | 4,280 |  |  | 948 |  |  | — |  |  | 5,228 |
Marketing, administration and research costs |  | 95 |  |  | 867 |  |  | 112 |  |  | — |  |  | 1,074 |
Asset impairment and exit costs |  | — |  |  | 1 |  |  | — |  |  | — |  |  | 1 |
Operating (expense) income |  | (95 | ) |  | 3,412 |  |  | 836 |  |  | — |  |  | 4,153 |
Interest and other debt expense (income), net |  | 324 |  |  | (1 | ) |  | 202 |  |  | — |  |  | 525 |
Earnings from equity investment in SABMiller |  | (483 | ) |  | — |  |  | — |  |  | — |  |  | (483 | )
Earnings before income taxes and equity earnings of subsidiaries |  | 64 |  |  | 3,413 |  |  | 634 |  |  | — |  |  | 4,111 |
(Benefit) provision for income taxes |  | (26 | ) |  | 1,262 |  |  | 224 |  |  | — |  |  | 1,460 |
Equity earnings of subsidiaries |  | 2,561 |  |  | 102 |  |  | — |  |  | (2,663 | ) |  | — |
Net earnings |  | 2,651 |  |  | 2,253 |  |  | 410 |  |  | (2,663 | ) |  | 2,651 |
Net earnings attributable to noncontrolling interests |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Net earnings attributable to Altria Group, Inc. |  | $ | 2,651 |  |  | $ | 2,253 |  |  | $ | 410 |  |  | $ | (2,663 | ) |  | $ | 2,651 |
Net earnings |  | $ | 2,651 |  |  | $ | 2,253 |  |  | $ | 410 |  |  | $ | (2,663 | ) |  | $ | 2,651 |
Other comprehensive (losses) earnings, net of deferred income taxes |  | (290 | ) |  | 12 |  |  | 98 |  |  | (110 | ) |  | (290 | )
Comprehensive earnings |  | 2,361 |  |  | 2,265 |  |  | 508 |  |  | (2,773 | ) |  | 2,361 |
Comprehensive earnings attributable to noncontrolling interests |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Comprehensive earnings attributable to Altria Group, Inc. |  | $ | 2,361 |  |  | $ | 2,265 |  |  | $ | 508 |  |  | $ | (2,773 | ) |  | $ | 2,361 |
Condensed Consolidating Statements of Earnings and Comprehensive Earnings For the Three Months Ended June 30, 2014 (in millions of dollars)
|  | Altria Group, Inc. |  | PM USA |  | Non- Guarantor Subsidiaries |  | Total Consolidating Adjustments |  | Consolidated
Net revenues |  | $ | — |  |  | $ | 5,443 |  |  | $ | 831 |  |  | $ | (18 | ) |  | $ | 6,256 |
Cost of sales |  | — |  |  | 1,706 |  |  | 280 |  |  | (18 | ) |  | 1,968 |
Excise taxes on products |  | — |  |  | 1,629 |  |  | 56 |  |  | — |  |  | 1,685 |
Gross profit |  | — |  |  | 2,108 |  |  | 495 |  |  | — |  |  | 2,603 |
Marketing, administration and research costs |  | 65 |  |  | 465 |  |  | 108 |  |  | — |  |  | 638 |
Asset impairment and exit costs |  | — |  |  | (10 | ) |  | — |  |  | — |  |  | (10 | )
Operating (expense) income |  | (65 | ) |  | 1,653 |  |  | 387 |  |  | — |  |  | 1,975 |
Interest and other debt expense, net |  | 152 |  |  | 17 |  |  | 61 |  |  | — |  |  | 230 |
Earnings from equity investment in SABMiller |  | (200 | ) |  | — |  |  | — |  |  | — |  |  | (200 | )
(Loss) earnings before income taxes and equity earnings of subsidiaries |  | (17 | ) |  | 1,636 |  |  | 326 |  |  | — |  |  | 1,945 |
(Benefit) provision for income taxes |  | (42 | ) |  | 607 |  |  | 118 |  |  | — |  |  | 683 |
Equity earnings of subsidiaries |  | 1,237 |  |  | 64 |  |  | — |  |  | (1,301 | ) |  | — |
Net earnings |  | 1,262 |  |  | 1,093 |  |  | 208 |  |  | (1,301 | ) |  | 1,262 |
Net earnings attributable to noncontrolling interests |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Net earnings attributable to Altria Group, Inc. |  | $ | 1,262 |  |  | $ | 1,093 |  |  | $ | 208 |  |  | $ | (1,301 | ) |  | $ | 1,262 |
Net earnings |  | $ | 1,262 |  |  | $ | 1,093 |  |  | $ | 208 |  |  | $ | (1,301 | ) |  | $ | 1,262 |
Other comprehensive earnings, net of deferred income taxes |  | 89 |  |  | 3 |  |  | 20 |  |  | (23 | ) |  | 89 |
Comprehensive earnings |  | 1,351 |  |  | 1,096 |  |  | 228 |  |  | (1,324 | ) |  | 1,351 |
Comprehensive earnings attributable to noncontrolling interests |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Comprehensive earnings attributable to Altria Group, Inc. |  | $ | 1,351 |  |  | $ | 1,096 |  |  | $ | 228 |  |  | $ | (1,324 | ) |  | $ | 1,351 |
Condensed Consolidating Statements of Earnings and Comprehensive Earnings For the Three Months Ended June 30, 2013 (in millions of dollars)
|  | Altria Group, Inc. |  | PM USA |  | Non- Guarantor Subsidiaries |  | Total Consolidating Adjustments |  | Consolidated
Net revenues |  | $ | — |  |  | $ | 5,518 |  |  | $ | 793 |  |  | $ | (6 | ) |  | $ | 6,305 |
Cost of sales |  | — |  |  | 1,753 |  |  | 225 |  |  | (6 | ) |  | 1,972 |
Excise taxes on products |  | — |  |  | 1,713 |  |  | 66 |  |  | — |  |  | 1,779 |
Gross profit |  | — |  |  | 2,052 |  |  | 502 |  |  | — |  |  | 2,554 |
Marketing, administration and research costs |  | 49 |  |  | 448 |  |  | 55 |  |  | — |  |  | 552 |
Asset impairment and exit costs |  | — |  |  | 1 |  |  | — |  |  | — |  |  | 1 |
Operating (expense) income |  | (49 | ) |  | 1,603 |  |  | 447 |  |  | — |  |  | 2,001 |
Interest and other debt expense (income), net |  | 163 |  |  | (1 | ) |  | 102 |  |  | — |  |  | 264 |
Earnings from equity investment in SABMiller |  | (227 | ) |  | — |  |  | — |  |  | — |  |  | (227 | )
Earnings before income taxes and equity earnings of subsidiaries |  | 15 |  |  | 1,604 |  |  | 345 |  |  | — |  |  | 1,964 |
(Benefit) provision for income taxes |  | (17 | ) |  | 595 |  |  | 120 |  |  | — |  |  | 698 |
Equity earnings of subsidiaries |  | 1,234 |  |  | 58 |  |  | — |  |  | (1,292 | ) |  | — |
Net earnings |  | 1,266 |  |  | 1,067 |  |  | 225 |  |  | (1,292 | ) |  | 1,266 |
Net earnings attributable to noncontrolling interests |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Net earnings attributable to Altria Group, Inc. |  | $ | 1,266 |  |  | $ | 1,067 |  |  | $ | 225 |  |  | $ | (1,292 | ) |  | $ | 1,266 |
Net earnings |  | $ | 1,266 |  |  | $ | 1,067 |  |  | $ | 225 |  |  | $ | (1,292 | ) |  | $ | 1,266 |
Other comprehensive (losses) earnings, net of deferred income taxes |  | (262 | ) |  | 4 |  |  | 39 |  |  | (43 | ) |  | (262 | )
Comprehensive earnings |  | 1,004 |  |  | 1,071 |  |  | 264 |  |  | (1,335 | ) |  | 1,004 |
Comprehensive earnings attributable to noncontrolling interests |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Comprehensive earnings attributable to Altria Group, Inc. |  | $ | 1,004 |  |  | $ | 1,071 |  |  | $ | 264 |  |  | $ | (1,335 | ) |  | $ | 1,004 |
Condensed Consolidating Statements of Cash Flows | Condensed Consolidating Statements of Cash Flows For the Six Months Ended June 30, 2014 (in millions of dollars)
|  | Altria Group, Inc. |  | PM USA |  | Non- Guarantor Subsidiaries |  | Total Consolidating Adjustments |  | Consolidated
Cash Provided by Operating Activities |  |  |  |  |  |  |  |  |  |
Net cash provided by operating activities |  | $ | 2,121 |  |  | $ | 846 |  |  | $ | 223 |  |  | $ | (2,431 | ) |  | $ | 759 |
Cash Provided by (Used in) Investing Activities |  |  |  |  |  |  |  |  |  |
Capital expenditures |  | — |  |  | (21 | ) |  | (39 | ) |  | — |  |  | (60 | )
Acquisition of Green Smoke, net of acquired cash |  | — |  |  | — |  |  | (93 | ) |  | — |  |  | (93 | )
Proceeds from finance assets |  | — |  |  | — |  |  | 189 |  |  | — |  |  | 189 |
Other |  | — |  |  | 70 |  |  | (4 | ) |  | — |  |  | 66 |
Net cash provided by investing activities |  | — |  |  | 49 |  |  | 53 |  |  | — |  |  | 102 |
Cash Provided by (Used in) Financing Activities |  |  |  |  |  |  |  |  |  |
Long-term debt repaid |  | (525 | ) |  | — |  |  | — |  |  | — |  |  | (525 | )
Repurchases of common stock |  | (404 | ) |  | — |  |  | — |  |  | — |  |  | (404 | )
Dividends paid on common stock |  | (1,912 | ) |  | — |  |  | — |  |  | — |  |  | (1,912 | )
Changes in amounts due to/from Altria Group, Inc. and subsidiaries |  | (1,248 | ) |  | 1,042 |  |  | 206 |  |  | — |  |  | — |
Cash dividends paid to parent |  | — |  |  | (1,938 | ) |  | (493 | ) |  | 2,431 |  |  | — |
Other |  | — |  |  | — |  |  | (2 | ) |  | — |  |  | (2 | )
Net cash used in financing activities |  | (4,089 | ) |  | (896 | ) |  | (289 | ) |  | 2,431 |  |  | (2,843 | )
Cash and cash equivalents: |  |  |  |  |  |  |  |  |  |
(Decrease) |  | (1,968 | ) |  | (1 | ) |  | (13 | ) |  | — |  |  | (1,982 | )
Balance at beginning of period |  | 3,114 |  |  | 1 |  |  | 60 |  |  | — |  |  | 3,175 |
Balance at end of period |  | $ | 1,146 |  |  | $ | — |  |  | $ | 47 |  |  | $ | — |  |  | $ | 1,193 |
Condensed Consolidating Statements of Cash Flows For the Six Months Ended June 30, 2013 (in millions of dollars)
|  | Altria Group, Inc. |  | PM USA |  | Non- Guarantor Subsidiaries |  | Total Consolidating Adjustments |  | Consolidated
Cash Provided by (Used in) Operating Activities |  |  |  |  |  |  |  |  |  |
Net cash provided by (used in) operating activities |  | $ | 2,144 |  |  | $ | 1,053 |  |  | $ | (80 | ) |  | $ | (2,676 | ) |  | $ | 441 |
Cash Provided by (Used in) Investing Activities |  |  |  |  |  |  |  |  |  |
Capital expenditures |  | — |  |  | (9 | ) |  | (32 | ) |  | — |  |  | (41 | )
Proceeds from finance assets |  | — |  |  | — |  |  | 274 |  |  | — |  |  | 274 |
Other |  | — |  |  | — |  |  | 6 |  |  | — |  |  | 6 |
Net cash (used in) provided by investing activities |  | — |  |  | (9 | ) |  | 248 |  |  | — |  |  | 239 |
Cash Provided by (Used in) Financing Activities |  |  |  |  |  |  |  |  |  |
Long-term debt issued |  | 996 |  |  | — |  |  | — |  |  | — |  |  | 996 |
Repurchases of common stock |  | (226 | ) |  | — |  |  | — |  |  | — |  |  | (226 | )
Dividends paid on common stock |  | (1,769 | ) |  | — |  |  | — |  |  | — |  |  | (1,769 | )
Changes in amounts due to/from Altria Group, Inc. and subsidiaries |  | (1,463 | ) |  | 1,443 |  |  | 20 |  |  | — |  |  | — |
Financing fees and debt issuance costs |  | (8 | ) |  | — |  |  | — |  |  | — |  |  | (8 | )
Cash dividends paid to parent |  | — |  |  | (2,486 | ) |  | (190 | ) |  | 2,676 |  |  | — |
Other |  | — |  |  | — |  |  | (2 | ) |  | — |  |  | (2 | )
Net cash used in financing activities |  | (2,470 | ) |  | (1,043 | ) |  | (172 | ) |  | 2,676 |  |  | (1,009 | )
Cash and cash equivalents: |  |  |  |  |  |  |  |  |  |
(Decrease) increase |  | (326 | ) |  | 1 |  |  | (4 | ) |  | — |  |  | (329 | )
Balance at beginning of period |  | 2,862 |  |  | — |  |  | 38 |  |  | — |  |  | 2,900 |
Balance at end of period |  | $ | 2,536 |  |  | $ | 1 |  |  | $ | 34 |  |  | $ | — |  |  | $ | 2,571 |

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