XML 65 R44.htm IDEA: XBRL DOCUMENT
v3.3.1.900

Condensed Consolidating Financial Information (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Condensed Balance Sheet | Condensed Consolidating Balance Sheets (in millions of dollars) ____________________________
at December 31, 2015 | Altria Group, Inc. |  |  | PM USA |  |  | Non- Guarantor Subsidiaries |  |  | Total Consolidating Adjustments |  |  | Consolidated |
Assets |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 2,313 |  |  | $ | — |  |  | $ | 56 |  |  | $ | — |  |  | $ | 2,369 |
Receivables | — |  |  | 7 |  |  | 117 |  |  | — |  |  | 124 |
Inventories: |  |  |  |  |  |  |  |  |
Leaf tobacco | — |  |  | 562 |  |  | 395 |  |  | — |  |  | 957 |
Other raw materials | — |  |  | 123 |  |  | 58 |  |  | — |  |  | 181 |
Work in process | — |  |  | 5 |  |  | 439 |  |  | — |  |  | 444 |
Finished product | — |  |  | 121 |  |  | 328 |  |  | — |  |  | 449 |
| — |  |  | 811 |  |  | 1,220 |  |  | — |  |  | 2,031 |
Due from Altria Group, Inc. and subsidiaries | — |  |  | 3,821 |  |  | 1,807 |  |  | (5,628 | ) |  | — |
Deferred income taxes | — |  |  | 1,268 |  |  | 7 |  |  | (100 | ) |  | 1,175 |
Other current assets | 284 |  |  | 65 |  |  | 112 |  |  | (74 | ) |  | 387 |
Total current assets | 2,597 |  |  | 5,972 |  |  | 3,319 |  |  | (5,802 | ) |  | 6,086 |
Property, plant and equipment, at cost | — |  |  | 3,102 |  |  | 1,775 |  |  | — |  |  | 4,877 |
Less accumulated depreciation | — |  |  | 2,157 |  |  | 738 |  |  | — |  |  | 2,895 |
| — |  |  | 945 |  |  | 1,037 |  |  | — |  |  | 1,982 |
Goodwill | — |  |  | — |  |  | 5,285 |  |  | — |  |  | 5,285 |
Other intangible assets, net | — |  |  | 2 |  |  | 12,026 |  |  | — |  |  | 12,028 |
Investment in SABMiller | 5,483 |  |  | — |  |  | — |  |  | — |  |  | 5,483 |
Investment in consolidated subsidiaries | 11,648 |  |  | 2,715 |  |  | — |  |  | (14,363 | ) |  | — |
Finance assets, net | — |  |  | — |  |  | 1,239 |  |  | — |  |  | 1,239 |
Due from Altria Group, Inc. and subsidiaries | 4,790 |  |  | — |  |  | — |  |  | (4,790 | ) |  | — |
Other assets | 92 |  |  | 536 |  |  | 131 |  |  | (327 | ) |  | 432 |
Total Assets | $ | 24,610 |  |  | $ | 10,170 |  |  | $ | 23,037 |  |  | $ | (25,282 | ) |  | $ | 32,535 |
Condensed Consolidating Balance Sheets (Continued) (in millions of dollars) ____________________________
at December 31, 2015 | Altria Group, Inc. |  |  | PM USA |  |  | Non- Guarantor Subsidiaries |  |  | Total Consolidating Adjustments |  |  | Consolidated |
Liabilities |  |  |  |  |  |  |  |  |
Current portion of long-term debt | $ | — |  |  | $ | — |  |  | $ | 4 |  |  | $ | — |  |  | $ | 4 |
Accounts payable | 3 |  |  | 104 |  |  | 293 |  |  | — |  |  | 400 |
Accrued liabilities: |  |  |  |  |  |  |  |  |
Marketing | — |  |  | 586 |  |  | 109 |  |  | — |  |  | 695 |
Employment costs | 18 |  |  | 11 |  |  | 169 |  |  | — |  |  | 198 |
Settlement charges | — |  |  | 3,585 |  |  | 5 |  |  | — |  |  | 3,590 |
Other | 354 |  |  | 616 |  |  | 285 |  |  | (174 | ) |  | 1,081 |
Dividends payable | 1,110 |  |  | — |  |  | — |  |  | — |  |  | 1,110 |
Due to Altria Group, Inc. and subsidiaries | 5,427 |  |  | 191 |  |  | 10 |  |  | (5,628 | ) |  | — |
Total current liabilities | 6,912 |  |  | 5,093 |  |  | 875 |  |  | (5,802 | ) |  | 7,078 |
Long-term debt | 12,903 |  |  | — |  |  | 12 |  |  | — |  |  | 12,915 |
Deferred income taxes | 1,547 |  |  | — |  |  | 4,443 |  |  | (327 | ) |  | 5,663 |
Accrued pension costs | 215 |  |  | — |  |  | 1,062 |  |  | — |  |  | 1,277 |
Accrued postretirement health care costs | — |  |  | 1,460 |  |  | 785 |  |  | — |  |  | 2,245 |
Due to Altria Group, Inc. and subsidiaries | — |  |  | — |  |  | 4,790 |  |  | (4,790 | ) |  | — |
Other liabilities | 153 |  |  | 126 |  |  | 168 |  |  | — |  |  | 447 |
Total Liabilities | 21,730 |  |  | 6,679 |  |  | 12,135 |  |  | (10,919 | ) |  | 29,625 |
Contingencies |  |  |  |  |  |  |  |  |
Redeemable noncontrolling interest | — |  |  | — |  |  | 37 |  |  | — |  |  | 37 |
Stockholders’ Equity |  |  |  |  |  |  |  |  |
Common stock | 935 |  |  | — |  |  | 9 |  |  | (9 | ) |  | 935 |
Additional paid-in capital | 5,813 |  |  | 3,310 |  |  | 11,456 |  |  | (14,766 | ) |  | 5,813 |
Earnings reinvested in the business | 27,257 |  |  | 436 |  |  | 1,099 |  |  | (1,535 | ) |  | 27,257 |
Accumulated other comprehensive losses | (3,280 | ) |  | (255 | ) |  | (1,692 | ) |  | 1,947 |  |  | (3,280 | )
Cost of repurchased stock | (27,845 | ) |  | — |  |  | — |  |  | — |  |  | (27,845 | )
Total stockholders’ equity attributable to Altria Group, Inc. | 2,880 |  |  | 3,491 |  |  | 10,872 |  |  | (14,363 | ) |  | 2,880 |
Noncontrolling interests | — |  |  | — |  |  | (7 | ) |  | — |  |  | (7 | )
Total stockholders’ equity | 2,880 |  |  | 3,491 |  |  | 10,865 |  |  | (14,363 | ) |  | 2,873 |
Total Liabilities and Stockholders’ Equity | $ | 24,610 |  |  | $ | 10,170 |  |  | $ | 23,037 |  |  | $ | (25,282 | ) |  | $ | 32,535 |
Condensed Consolidating Balance Sheets (in millions of dollars) ____________________________
at December 31, 2014 | Altria Group, Inc. |  |  | PM USA |  |  | Non- Guarantor Subsidiaries |  |  | Total Consolidating Adjustments |  |  | Consolidated |
Assets |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 3,281 |  |  | $ | 3 |  |  | $ | 37 |  |  | $ | — |  |  | $ | 3,321 |
Receivables | — |  |  | 6 |  |  | 118 |  |  | — |  |  | 124 |
Inventories: |  |  |  |  |  |  |  |  |
Leaf tobacco | — |  |  | 616 |  |  | 375 |  |  | — |  |  | 991 |
Other raw materials | — |  |  | 132 |  |  | 68 |  |  | — |  |  | 200 |
Work in process | — |  |  | 4 |  |  | 425 |  |  | — |  |  | 429 |
Finished product | — |  |  | 134 |  |  | 286 |  |  | — |  |  | 420 |
| — |  |  | 886 |  |  | 1,154 |  |  | — |  |  | 2,040 |
Due from Altria Group, Inc. and subsidiaries | 568 |  |  | 3,535 |  |  | 1,279 |  |  | (5,382 | ) |  | — |
Deferred income taxes | — |  |  | 1,190 |  |  | 9 |  |  | (56 | ) |  | 1,143 |
Other current assets | 54 |  |  | 101 |  |  | 122 |  |  | (27 | ) |  | 250 |
Total current assets | 3,903 |  |  | 5,721 |  |  | 2,719 |  |  | (5,465 | ) |  | 6,878 |
Property, plant and equipment, at cost | — |  |  | 3,112 |  |  | 1,643 |  |  | — |  |  | 4,755 |
Less accumulated depreciation | — |  |  | 2,091 |  |  | 681 |  |  | — |  |  | 2,772 |
| — |  |  | 1,021 |  |  | 962 |  |  | — |  |  | 1,983 |
Goodwill | — |  |  | — |  |  | 5,285 |  |  | — |  |  | 5,285 |
Other intangible assets, net | — |  |  | 2 |  |  | 12,047 |  |  | — |  |  | 12,049 |
Investment in SABMiller | 6,183 |  |  | — |  |  | — |  |  | — |  |  | 6,183 |
Investment in consolidated subsidiaries | 10,665 |  |  | 2,775 |  |  | — |  |  | (13,440 | ) |  | — |
Finance assets, net | — |  |  | — |  |  | 1,614 |  |  | — |  |  | 1,614 |
Due from Altria Group, Inc. and subsidiaries | 4,790 |  |  | — |  |  | — |  |  | (4,790 | ) |  | — |
Other assets | 148 |  |  | 541 |  |  | 121 |  |  | (327 | ) |  | 483 |
Total Assets | $ | 25,689 |  |  | $ | 10,060 |  |  | $ | 22,748 |  |  | $ | (24,022 | ) |  | $ | 34,475 |
Condensed Consolidating Balance Sheets (Continued) (in millions of dollars) ____________________________
at December 31, 2014 | Altria Group, Inc. |  |  | PM USA |  |  | Non- Guarantor Subsidiaries |  |  | Total Consolidating Adjustments |  |  | Consolidated |
Liabilities |  |  |  |  |  |  |  |  |
Current portion of long-term debt | $ | 1,000 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 1,000 |
Accounts payable | 18 |  |  | 118 |  |  | 280 |  |  | — |  |  | 416 |
Accrued liabilities: |  |  |  |  |  |  |  |  |
Marketing | — |  |  | 505 |  |  | 113 |  |  | — |  |  | 618 |
Employment costs | 18 |  |  | 10 |  |  | 158 |  |  | — |  |  | 186 |
Settlement charges | — |  |  | 3,495 |  |  | 5 |  |  | — |  |  | 3,500 |
Other | 321 |  |  | 400 |  |  | 287 |  |  | (83 | ) |  | 925 |
Dividends payable | 1,028 |  |  | — |  |  | — |  |  | — |  |  | 1,028 |
Due to Altria Group, Inc. and subsidiaries | 4,414 |  |  | 402 |  |  | 566 |  |  | (5,382 | ) |  | — |
Total current liabilities | 6,799 |  |  | 4,930 |  |  | 1,409 |  |  | (5,465 | ) |  | 7,673 |
Long-term debt | 13,693 |  |  | — |  |  | — |  |  | — |  |  | 13,693 |
Deferred income taxes | 1,754 |  |  | — |  |  | 4,661 |  |  | (327 | ) |  | 6,088 |
Accrued pension costs | 233 |  |  | — |  |  | 779 |  |  | — |  |  | 1,012 |
Accrued postretirement health care costs | — |  |  | 1,608 |  |  | 853 |  |  | — |  |  | 2,461 |
Due to Altria Group, Inc. and subsidiaries | — |  |  | — |  |  | 4,790 |  |  | (4,790 | ) |  | — |
Other liabilities | 196 |  |  | 151 |  |  | 156 |  |  | — |  |  | 503 |
Total Liabilities | 22,675 |  |  | 6,689 |  |  | 12,648 |  |  | (10,582 | ) |  | 31,430 |
Contingencies |  |  |  |  |  |  |  |  |
Redeemable noncontrolling interest | — |  |  | — |  |  | 35 |  |  | — |  |  | 35 |
Stockholders’ Equity |  |  |  |  |  |  |  |  |
Common stock | 935 |  |  | — |  |  | 9 |  |  | (9 | ) |  | 935 |
Additional paid-in capital | 5,735 |  |  | 3,310 |  |  | 10,688 |  |  | (13,998 | ) |  | 5,735 |
Earnings reinvested in the business | 26,277 |  |  | 402 |  |  | 995 |  |  | (1,397 | ) |  | 26,277 |
Accumulated other comprehensive losses | (2,682 | ) |  | (341 | ) |  | (1,623 | ) |  | 1,964 |  |  | (2,682 | )
Cost of repurchased stock | (27,251 | ) |  | — |  |  | — |  |  | — |  |  | (27,251 | )
Total stockholders’ equity attributable to Altria Group, Inc. | 3,014 |  |  | 3,371 |  |  | 10,069 |  |  | (13,440 | ) |  | 3,014 |
Noncontrolling interests | — |  |  | — |  |  | (4 | ) |  | — |  |  | (4 | )
Total stockholders’ equity | 3,014 |  |  | 3,371 |  |  | 10,065 |  |  | (13,440 | ) |  | 3,010 |
Total Liabilities and Stockholders’ Equity | $ | 25,689 |  |  | $ | 10,060 |  |  | $ | 22,748 |  |  | $ | (24,022 | ) |  | $ | 34,475 |
Condensed Income Statement | Condensed Consolidating Statements of Earnings and Comprehensive Earnings (in millions of dollars) _____________________________
for the year ended December 31, 2015 | Altria Group, Inc. |  |  | PM USA |  |  | Non- Guarantor Subsidiaries |  |  | Total Consolidating Adjustments |  |  | Consolidated |
Net revenues | $ | — |  |  | $ | 22,133 |  |  | $ | 3,342 |  |  | $ | (41 | ) |  | $ | 25,434 |
Cost of sales | — |  |  | 6,664 |  |  | 1,117 |  |  | (41 | ) |  | 7,740 |
Excise taxes on products | — |  |  | 6,369 |  |  | 211 |  |  | — |  |  | 6,580 |
Gross profit | — |  |  | 9,100 |  |  | 2,014 |  |  | — |  |  | 11,114 |
Marketing, administration and research costs | 189 |  |  | 2,094 |  |  | 425 |  |  | — |  |  | 2,708 |
Changes to Mondelēz & PMI tax-related receivables/payables | 41 |  |  | — |  |  | — |  |  | — |  |  | 41 |
Asset impairment and exit costs | — |  |  | — |  |  | 4 |  |  | — |  |  | 4 |
Operating (expense) income | (230 | ) |  | 7,006 |  |  | 1,585 |  |  | — |  |  | 8,361 |
Interest and other debt expense, net | 560 |  |  | 33 |  |  | 224 |  |  | — |  |  | 817 |
Loss on early extinguishment of debt | 228 |  |  | — |  |  | — |  |  | — |  |  | 228 |
Earnings from equity investment in SABMiller | (757 | ) |  | — |  |  | — |  |  | — |  |  | (757 | )
Other income, net | (5 | ) |  | — |  |  | — |  |  | — |  |  | (5 | )
(Loss) Earnings before income taxes and equity earnings of subsidiaries | (256 | ) |  | 6,973 |  |  | 1,361 |  |  | — |  |  | 8,078 |
(Benefit) provision for income taxes | (184 | ) |  | 2,536 |  |  | 483 |  |  | — |  |  | 2,835 |
Equity earnings of subsidiaries | 5,313 |  |  | 268 |  |  | — |  |  | (5,581 | ) |  | — |
Net earnings | 5,241 |  |  | 4,705 |  |  | 878 |  |  | (5,581 | ) |  | 5,243 |
Net earnings attributable to noncontrolling interests | — |  |  | — |  |  | (2 | ) |  | — |  |  | (2 | )
Net earnings attributable to Altria Group, Inc. | $ | 5,241 |  |  | $ | 4,705 |  |  | $ | 876 |  |  | $ | (5,581 | ) |  | $ | 5,241 |
Net earnings | $ | 5,241 |  |  | $ | 4,705 |  |  | $ | 878 |  |  | $ | (5,581 | ) |  | $ | 5,243 |
Other comprehensive (losses) earnings, net of deferred income taxes | (598 | ) |  | 86 |  |  | (69 | ) |  | (17 | ) |  | (598 | )
Comprehensive earnings | 4,643 |  |  | 4,791 |  |  | 809 |  |  | (5,598 | ) |  | 4,645 |
Comprehensive earnings attributable to noncontrolling interests | — |  |  | — |  |  | (2 | ) |  | — |  |  | (2 | )
Comprehensive earnings attributable to Altria Group, Inc. | $ | 4,643 |  |  | $ | 4,791 |  |  | $ | 807 |  |  | $ | (5,598 | ) |  | $ | 4,643 |
Condensed Consolidating Statements of Earnings and Comprehensive Earnings (in millions of dollars) _____________________________
for the year ended December 31, 2014 | Altria Group, Inc. |  |  | PM USA |  |  | Non- Guarantor Subsidiaries |  |  | Total Consolidating Adjustments |  |  | Consolidated |
Net revenues | $ | — |  |  | $ | 21,298 |  |  | $ | 3,267 |  |  | $ | (43 | ) |  | $ | 24,522 |
Cost of sales | — |  |  | 6,722 |  |  | 1,106 |  |  | (43 | ) |  | 7,785 |
Excise taxes on products | — |  |  | 6,358 |  |  | 219 |  |  | — |  |  | 6,577 |
Gross profit | — |  |  | 8,218 |  |  | 1,942 |  |  | — |  |  | 10,160 |
Marketing, administration and research costs | 231 |  |  | 1,889 |  |  | 419 |  |  | — |  |  | 2,539 |
Changes to Mondelēz and PMI tax-related receivables/payables | 2 |  |  | — |  |  | — |  |  | — |  |  | 2 |
Asset impairment and exit costs | — |  |  | (6 | ) |  | 5 |  |  | — |  |  | (1 | )
Operating (expense) income | (233 | ) |  | 6,335 |  |  | 1,518 |  |  | — |  |  | 7,620 |
Interest and other debt expense (income), net | 614 |  |  | (46 | ) |  | 240 |  |  | — |  |  | 808 |
Loss on early extinguishment of debt | — |  |  | — |  |  | 44 |  |  | — |  |  | 44 |
Earnings from equity investment in SABMiller | (1,006 | ) |  | — |  |  | — |  |  | — |  |  | (1,006 | )
Earnings before income taxes and equity earnings of subsidiaries | 159 |  |  | 6,381 |  |  | 1,234 |  |  | — |  |  | 7,774 |
(Benefit) provision for income taxes | (119 | ) |  | 2,381 |  |  | 442 |  |  | — |  |  | 2,704 |
Equity earnings of subsidiaries | 4,792 |  |  | 244 |  |  | — |  |  | (5,036 | ) |  | — |
Net earnings | 5,070 |  |  | 4,244 |  |  | 792 |  |  | (5,036 | ) |  | 5,070 |
Net earnings attributable to noncontrolling interests | — |  |  | — |  |  | — |  |  | — |  |  | — |
Net earnings attributable to Altria Group, Inc. | $ | 5,070 |  |  | $ | 4,244 |  |  | $ | 792 |  |  | $ | (5,036 | ) |  | $ | 5,070 |
Net earnings | $ | 5,070 |  |  | $ | 4,244 |  |  | $ | 792 |  |  | $ | (5,036 | ) |  | $ | 5,070 |
Other comprehensive losses, net of deferred income taxes | (1,304 | ) |  | (110 | ) |  | (642 | ) |  | 752 |  |  | (1,304 | )
Comprehensive earnings | 3,766 |  |  | 4,134 |  |  | 150 |  |  | (4,284 | ) |  | 3,766 |
Comprehensive earnings attributable to noncontrolling interests | — |  |  | — |  |  | — |  |  | — |  |  | — |
Comprehensive earnings attributable to Altria Group, Inc. | $ | 3,766 |  |  | $ | 4,134 |  |  | $ | 150 |  |  | $ | (4,284 | ) |  | $ | 3,766 |
Condensed Consolidating Statements of Earnings and Comprehensive Earnings (in millions of dollars) _____________________________
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 |  |  | 280 |  |  | — |  |  | 2,340 |
Changes to Mondelēz and PMI tax-related receivables/payables | 25 |  |  | (3 | ) |  | — |  |  | — |  |  | 22 |
Asset impairment and exit costs | — |  |  | 3 |  |  | 8 |  |  | — |  |  | 11 |
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 Cash Flow Statement | Condensed Consolidating Statements of Cash Flows (in millions of dollars) _____________________________
for the year ended December 31, 2015 | Altria Group, Inc. |  |  | PM USA |  |  | Non- Guarantor Subsidiaries |  |  | Total Consolidating Adjustments |  |  | Consolidated |
Cash Provided by Operating Activities |  |  |  |  |  |  |  |  |
Net cash provided by operating activities | $ | 5,085 |  |  | $ | 5,204 |  |  | $ | 961 |  |  | $ | (5,440 | ) |  | $ | 5,810 |
Cash Provided by (Used in) Investing Activities |  |  |  |  |  |  |  |  |
Capital expenditures | — |  |  | (51 | ) |  | (178 | ) |  | — |  |  | (229 | )
Proceeds from finance assets | — |  |  | — |  |  | 354 |  |  | — |  |  | 354 |
Payment for derivative financial instrument | (132 | ) |  | — |  |  | — |  |  | — |  |  | (132 | )
Other | — |  |  | 10 |  |  | (18 | ) |  | — |  |  | (8 | )
Net cash (used in) provided by investing activities | (132 | ) |  | (41 | ) |  | 158 |  |  | — |  |  | (15 | )
Cash Provided by (Used in) Financing Activities |  |  |  |  |  |  |  |  |
Long-term debt repaid | (1,793 | ) |  | — |  |  | — |  |  | — |  |  | (1,793 | )
Repurchases of common stock | (554 | ) |  | — |  |  | — |  |  | — |  |  | (554 | )
Dividends paid on common stock | (4,179 | ) |  | — |  |  | — |  |  | — |  |  | (4,179 | )
Changes in amounts due to/from Altria Group, Inc. and subsidiaries | 814 |  |  | (495 | ) |  | (319 | ) |  | — |  |  | — |
Premiums and fees related to early extinguishment of debt | (226 | ) |  | — |  |  | — |  |  | — |  |  | (226 | )
Cash dividends paid to parent | — |  |  | (4,671 | ) |  | (769 | ) |  | 5,440 |  |  | — |
Other | 17 |  |  | — |  |  | (12 | ) |  | — |  |  | 5 |
Net cash used in financing activities | (5,921 | ) |  | (5,166 | ) |  | (1,100 | ) |  | 5,440 |  |  | (6,747 | )
Cash and cash equivalents: |  |  |  |  |  |  |  |  |
(Decrease) increase | (968 | ) |  | (3 | ) |  | 19 |  |  | — |  |  | (952 | )
Balance at beginning of year | 3,281 |  |  | 3 |  |  | 37 |  |  | — |  |  | 3,321 |
Balance at end of year | $ | 2,313 |  |  | $ | — |  |  | $ | 56 |  |  | $ | — |  |  | $ | 2,369 |
Condensed Consolidating Statements of Cash Flows (in millions of dollars) _____________________________
for the year ended December 31, 2014 | Altria Group, Inc. |  |  | PM USA |  |  | Non- Guarantor Subsidiaries |  |  | Total Consolidating Adjustments |  |  | Consolidated |
Cash Provided by Operating Activities |  |  |  |  |  |  |  |  |
Net cash provided by operating activities | $ | 4,924 |  |  | $ | 4,451 |  |  | $ | 707 |  |  | $ | (5,419 | ) |  | $ | 4,663 |
Cash Provided by (Used in) Investing Activities |  |  |  |  |  |  |  |  |
Capital expenditures | — |  |  | (44 | ) |  | (119 | ) |  | — |  |  | (163 | )
Acquisition of Green Smoke, net of acquired cash | — |  |  | — |  |  | (102 | ) |  | — |  |  | (102 | )
Proceeds from finance assets | — |  |  | — |  |  | 369 |  |  | — |  |  | 369 |
Other | — |  |  | 70 |  |  | 3 |  |  | — |  |  | 73 |
Net cash provided by investing activities | — |  |  | 26 |  |  | 151 |  |  | — |  |  | 177 |
Cash Provided by (Used in) Financing Activities |  |  |  |  |  |  |  |  |
Long-term debt issued | 999 |  |  | — |  |  | — |  |  | — |  |  | 999 |
Long-term debt repaid | (525 | ) |  | — |  |  | (300 | ) |  | — |  |  | (825 | )
Repurchases of common stock | (939 | ) |  | — |  |  | — |  |  | — |  |  | (939 | )
Dividends paid on common stock | (3,892 | ) |  | — |  |  | — |  |  | — |  |  | (3,892 | )
Changes in amounts due to/from Altria Group, Inc. and subsidiaries | (411 | ) |  | (351 | ) |  | 762 |  |  | — |  |  | — |
Premiums and fees related to early extinguishment of debt | — |  |  | — |  |  | (44 | ) |  | — |  |  | (44 | )
Cash dividends paid to parent | — |  |  | (4,124 | ) |  | (1,295 | ) |  | 5,419 |  |  | — |
Other | 11 |  |  | — |  |  | (4 | ) |  | — |  |  | 7 |
Net cash used in financing activities | (4,757 | ) |  | (4,475 | ) |  | (881 | ) |  | 5,419 |  |  | (4,694 | )
Cash and cash equivalents: |  |  |  |  |  |  |  |  |
Increase (decrease) | 167 |  |  | 2 |  |  | (23 | ) |  | — |  |  | 146 |
Balance at beginning of year | 3,114 |  |  | 1 |  |  | 60 |  |  | — |  |  | 3,175 |
Balance at end of year | $ | 3,281 |  |  | $ | 3 |  |  | $ | 37 |  |  | $ | — |  |  | $ | 3,321 |
Condensed Consolidating Statements of Cash Flows (in millions of dollars) _____________________________
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 | ) |  | — |  |  | — |
Premiums and fees related to early extinguishment of debt | (1,054 | ) |  | — |  |  | — |  |  | — |  |  | (1,054 | )
Cash dividends paid to parent | — |  |  | (4,400 | ) |  | (324 | ) |  | 4,724 |  |  | — |
Other | (20 | ) |  | — |  |  | (2 | ) |  | — |  |  | (22 | )
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 |

X
- References No definition available. + Details
Name: | us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed balance sheet, including, but not limited to, balance sheets of consolidated entities and consolidation eliminations. + References No definition available. + Details
Name: | us-gaap_ScheduleOfCondensedBalanceSheetTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed cash flow statement, including, but not limited to, cash flow statements of consolidated entities and consolidation eliminations. + References No definition available. + Details
Name: | us-gaap_ScheduleOfCondensedCashFlowStatementTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed income statement, including, but not limited to, income statements of consolidated entities and consolidation eliminations. + References No definition available. + Details
Name: | us-gaap_ScheduleOfCondensedIncomeStatementTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration