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(Condensed Consolidating Financial Information) (Tables) | 6 Months Ended
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Jun. 30, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Condensed Consolidating Balance Sheet | Condensed Consolidating Balance Sheets June 30, 2016 (in millions of dollars)
|  | Altria Group, Inc. |  |  | PM USA |  |  | Non- Guarantor Subsidiaries |  |  | Total Consolidating Adjustments |  |  | Consolidated |
Assets |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 766 |  |  | $ | 1 |  |  | $ | 52 |  |  | $ | — |  |  | $ | 819 |
Receivables |  | — |  |  | 9 |  |  | 113 |  |  | — |  |  | 122 |
Inventories: |  |  |  |  |  |  |  |  |  |
Leaf tobacco |  | — |  |  | 463 |  |  | 373 |  |  | — |  |  | 836 |
Other raw materials |  | — |  |  | 114 |  |  | 66 |  |  | — |  |  | 180 |
Work in process |  | — |  |  | 5 |  |  | 386 |  |  | — |  |  | 391 |
Finished product |  | — |  |  | 182 |  |  | 381 |  |  | — |  |  | 563 |
|  | — |  |  | 764 |  |  | 1,206 |  |  | — |  |  | 1,970 |
Due from Altria Group, Inc. and subsidiaries |  | 57 |  |  | 2,198 |  |  | 1,495 |  |  | (3,750 | ) |  | — |
Deferred income taxes |  | — |  |  | 1,276 |  |  | 10 |  |  | (98 | ) |  | 1,188 |
Other current assets |  | 312 |  |  | 159 |  |  | 62 |  |  | (32 | ) |  | 501 |
Total current assets |  | 1,135 |  |  | 4,407 |  |  | 2,938 |  |  | (3,880 | ) |  | 4,600 |
Property, plant and equipment, at cost |  | — |  |  | 3,057 |  |  | 1,809 |  |  | — |  |  | 4,866 |
Less accumulated depreciation |  | — |  |  | 2,144 |  |  | 760 |  |  | — |  |  | 2,904 |
|  | — |  |  | 913 |  |  | 1,049 |  |  | — |  |  | 1,962 |
Goodwill |  | — |  |  | — |  |  | 5,285 |  |  | — |  |  | 5,285 |
Other intangible assets, net |  | — |  |  | 2 |  |  | 12,045 |  |  | — |  |  | 12,047 |
Investment in SABMiller |  | 5,877 |  |  | — |  |  | — |  |  | — |  |  | 5,877 |
Investment in consolidated subsidiaries |  | 11,175 |  |  | 2,716 |  |  | — |  |  | (13,891 | ) |  | — |
Finance assets, net |  | — |  |  | — |  |  | 1,155 |  |  | — |  |  | 1,155 |
Due from Altria Group, Inc. and subsidiaries |  | 4,790 |  |  | — |  |  | — |  |  | (4,790 | ) |  | — |
Other assets |  | 20 |  |  | 570 |  |  | 144 |  |  | (336 | ) |  | 398 |
Total Assets |  | $ | 22,997 |  |  | $ | 8,608 |  |  | $ | 22,616 |  |  | $ | (22,897 | ) |  | $ | 31,324 |
Condensed Consolidating Balance Sheets (Continued) June 30, 2016 (in millions of dollars)
|  | Altria Group, Inc. |  |  | PM USA |  |  | Non- Guarantor Subsidiaries |  |  | Total Consolidating Adjustments |  |  | Consolidated |
Liabilities |  |  |  |  |  |  |  |  |  |
Accounts payable |  | $ | 1 |  |  | $ | 70 |  |  | $ | 122 |  |  | $ | — |  |  | $ | 193 |
Accrued liabilities: |  |  |  |  |  |  |  |  |  |
Marketing |  | — |  |  | 614 |  |  | 112 |  |  | — |  |  | 726 |
Employment costs |  | 69 |  |  | 9 |  |  | 91 |  |  | — |  |  | 169 |
Settlement charges |  | — |  |  | 2,257 |  |  | 7 |  |  | — |  |  | 2,264 |
Other |  | 368 |  |  | 458 |  |  | 325 |  |  | (98 | ) |  | 1,053 |
Income taxes |  | 32 |  |  | — |  |  | — |  |  | (32 | ) |  | — |
Dividends payable |  | 1,107 |  |  | — |  |  | — |  |  | — |  |  | 1,107 |
Due to Altria Group, Inc. and subsidiaries |  | 3,441 |  |  | 243 |  |  | 66 |  |  | (3,750 | ) |  | — |
Total current liabilities |  | 5,018 |  |  | 3,651 |  |  | 723 |  |  | (3,880 | ) |  | 5,512 |
Long-term debt |  | 12,837 |  |  | — |  |  | — |  |  | — |  |  | 12,837 |
Deferred income taxes |  | 1,686 |  |  | — |  |  | 4,309 |  |  | (336 | ) |  | 5,659 |
Accrued pension costs |  | 204 |  |  | — |  |  | 1,222 |  |  | — |  |  | 1,426 |
Accrued postretirement health care costs |  | — |  |  | 1,471 |  |  | 825 |  |  | — |  |  | 2,296 |
Due to Altria Group, Inc. and subsidiaries |  | — |  |  | — |  |  | 4,790 |  |  | (4,790 | ) |  | — |
Other liabilities |  | 112 |  |  | 166 |  |  | 137 |  |  | — |  |  | 415 |
Total liabilities |  | 19,857 |  |  | 5,288 |  |  | 12,006 |  |  | (9,006 | ) |  | 28,145 |
Contingencies |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Redeemable noncontrolling interest |  | — |  |  | — |  |  | 36 |  |  | — |  |  | 36 |
Stockholders’ Equity |  |  |  |  |  |  |  |  |  |
Common stock |  | 935 |  |  | — |  |  | 9 |  |  | (9 | ) |  | 935 |
Additional paid-in capital |  | 5,851 |  |  | 3,310 |  |  | 11,235 |  |  | (14,545 | ) |  | 5,851 |
Earnings reinvested in the business |  | 27,915 |  |  | 280 |  |  | 1,148 |  |  | (1,428 | ) |  | 27,915 |
Accumulated other comprehensive losses |  | (3,340 | ) |  | (270 | ) |  | (1,821 | ) |  | 2,091 |  |  | (3,340 | )
Cost of repurchased stock |  | (28,221 | ) |  | — |  |  | — |  |  | — |  |  | (28,221 | )
Total stockholders’ equity attributable to Altria Group, Inc. |  | 3,140 |  |  | 3,320 |  |  | 10,571 |  |  | (13,891 | ) |  | 3,140 |
Noncontrolling interests |  | — |  |  | — |  |  | 3 |  |  | — |  |  | 3 |
Total stockholders’ equity |  | 3,140 |  |  | 3,320 |  |  | 10,574 |  |  | (13,891 | ) |  | 3,143 |
Total Liabilities and Stockholders’ Equity |  | $ | 22,997 |  |  | $ | 8,608 |  |  | $ | 22,616 |  |  | $ | (22,897 | ) |  | $ | 31,324 |
Condensed Consolidating Balance Sheets December 31, 2015 (in millions of dollars)
|  | 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 |  | 20 |  |  | 536 |  |  | 131 |  |  | (327 | ) |  | 360 |
Total Assets |  | $ | 24,538 |  |  | $ | 10,170 |  |  | $ | 23,037 |  |  | $ | (25,282 | ) |  | $ | 32,463 |
Condensed Consolidating Balance Sheets (Continued) December 31, 2015 (in millions of dollars)
|  | 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 |  | 12,831 |  |  | — |  |  | 12 |  |  | — |  |  | 12,843 |
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 |  | 21,658 |  |  | 6,679 |  |  | 12,135 |  |  | (10,919 | ) |  | 29,553 |
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 |  | $ | 24,538 |  |  | $ | 10,170 |  |  | $ | 23,037 |  |  | $ | (25,282 | ) |  | $ | 32,463 |
Condensed Consolidating Statements of Earnings and Comprehensive Earnings | Condensed Consolidating Statements of Earnings and Comprehensive Earnings For the Six Months Ended June 30, 2016 (in millions of dollars)
|  | Altria Group, Inc. |  |  | PM USA |  |  | Non- Guarantor Subsidiaries |  |  | Total Consolidating Adjustments |  |  | Consolidated |
Net revenues |  | $ | — |  |  | $ | 10,910 |  |  | $ | 1,696 |  |  | $ | (19 | ) |  | $ | 12,587 |
Cost of sales |  | — |  |  | 3,317 |  |  | 500 |  |  | (19 | ) |  | 3,798 |
Excise taxes on products |  | — |  |  | 3,069 |  |  | 107 |  |  | — |  |  | 3,176 |
Gross profit |  | — |  |  | 4,524 |  |  | 1,089 |  |  | — |  |  | 5,613 |
Marketing, administration and research costs |  | 73 |  |  | 828 |  |  | 204 |  |  | — |  |  | 1,105 |
Asset impairment and exit costs |  | 5 |  |  | 95 |  |  | 21 |  |  | — |  |  | 121 |
Operating (expense) income |  | (78 | ) |  | 3,601 |  |  | 864 |  |  | — |  |  | 4,387 |
Interest and other debt expense, net |  | 264 |  |  | 17 |  |  | 111 |  |  | — |  |  | 392 |
Earnings from equity investment in SABMiller |  | (265 | ) |  | — |  |  | — |  |  | — |  |  | (265 | )
Gain on derivative financial instrument |  | (157 | ) |  | — |  |  | — |  |  | — |  |  | (157 | )
Earnings before income taxes and equity earnings of subsidiaries |  | 80 |  |  | 3,584 |  |  | 753 |  |  | — |  |  | 4,417 |
(Benefit) provision for income taxes |  | (37 | ) |  | 1,316 |  |  | 266 |  |  | — |  |  | 1,545 |
Equity earnings of subsidiaries |  | 2,753 |  |  | 140 |  |  | — |  |  | (2,893 | ) |  | — |
Net earnings |  | 2,870 |  |  | 2,408 |  |  | 487 |  |  | (2,893 | ) |  | 2,872 |
Net earnings attributable to noncontrolling interests |  | — |  |  | — |  |  | (2 | ) |  | — |  |  | (2 | )
Net earnings attributable to Altria Group, Inc. |  | $ | 2,870 |  |  | $ | 2,408 |  |  | $ | 485 |  |  | $ | (2,893 | ) |  | $ | 2,870 |
Net earnings |  | $ | 2,870 |  |  | $ | 2,408 |  |  | $ | 487 |  |  | $ | (2,893 | ) |  | $ | 2,872 |
Other comprehensive losses, net of deferred income taxes |  | (60 | ) |  | (15 | ) |  | (129 | ) |  | 144 |  |  | (60 | )
Comprehensive earnings |  | 2,810 |  |  | 2,393 |  |  | 358 |  |  | (2,749 | ) |  | 2,812 |
Comprehensive earnings attributable to noncontrolling interests |  | — |  |  | — |  |  | (2 | ) |  | — |  |  | (2 | )
Comprehensive earnings attributable to Altria Group, Inc. |  | $ | 2,810 |  |  | $ | 2,393 |  |  | $ | 356 |  |  | $ | (2,749 | ) |  | $ | 2,810 |
Condensed Consolidating Statements of Earnings and Comprehensive Earnings For the Six Months Ended June 30, 2015 (in millions of dollars)
|  | Altria Group, Inc. |  |  | PM USA |  |  | Non- Guarantor Subsidiaries |  |  | Total Consolidating Adjustments |  |  | Consolidated |
Net revenues |  | $ | — |  |  | $ | 10,878 |  |  | $ | 1,560 |  |  | $ | (21 | ) |  | $ | 12,417 |
Cost of sales |  | — |  |  | 3,312 |  |  | 510 |  |  | (21 | ) |  | 3,801 |
Excise taxes on products |  | — |  |  | 3,164 |  |  | 106 |  |  | — |  |  | 3,270 |
Gross profit |  | — |  |  | 4,402 |  |  | 944 |  |  | — |  |  | 5,346 |
Marketing, administration and research costs |  | 89 |  |  | 959 |  |  | 205 |  |  | — |  |  | 1,253 |
Asset impairment and exit costs |  | — |  |  | — |  |  | 4 |  |  | — |  |  | 4 |
Operating (expense) income |  | (89 | ) |  | 3,443 |  |  | 735 |  |  | — |  |  | 4,089 |
Interest and other debt expense, net |  | 292 |  |  | — |  |  | 112 |  |  | — |  |  | 404 |
Loss on early extinguishment of debt |  | 228 |  |  | — |  |  | — |  |  | — |  |  | 228 |
Earnings from equity investment in SABMiller |  | (359 | ) |  | — |  |  | — |  |  | — |  |  | (359 | )
(Loss) earnings before income taxes and equity earnings of subsidiaries |  | (250 | ) |  | 3,443 |  |  | 623 |  |  | — |  |  | 3,816 |
(Benefit) provision for income taxes |  | (145 | ) |  | 1,274 |  |  | 220 |  |  | — |  |  | 1,349 |
Equity earnings of subsidiaries |  | 2,571 |  |  | 126 |  |  | — |  |  | (2,697 | ) |  | — |
Net earnings |  | 2,466 |  |  | 2,295 |  |  | 403 |  |  | (2,697 | ) |  | 2,467 |
Net earnings attributable to noncontrolling interests |  | — |  |  | — |  |  | (1 | ) |  | — |  |  | (1 | )
Net earnings attributable to Altria Group, Inc. |  | $ | 2,466 |  |  | $ | 2,295 |  |  | $ | 402 |  |  | $ | (2,697 | ) |  | $ | 2,466 |
Net earnings |  | $ | 2,466 |  |  | $ | 2,295 |  |  | $ | 403 |  |  | $ | (2,697 | ) |  | $ | 2,467 |
Other comprehensive (losses) earnings, net of deferred income taxes |  | (196 | ) |  | 7 |  |  | 70 |  |  | (77 | ) |  | (196 | )
Comprehensive earnings |  | 2,270 |  |  | 2,302 |  |  | 473 |  |  | (2,774 | ) |  | 2,271 |
Comprehensive earnings attributable to noncontrolling interests |  | — |  |  | — |  |  | (1 | ) |  | — |  |  | (1 | )
Comprehensive earnings attributable to Altria Group, Inc. |  | $ | 2,270 |  |  | $ | 2,302 |  |  | $ | 472 |  |  | $ | (2,774 | ) |  | $ | 2,270 |
Condensed Consolidating Statements of Earnings and Comprehensive Earnings For the Three Months Ended June 30, 2016 (in millions of dollars)
|  | Altria Group, Inc. |  |  | PM USA |  |  | Non- Guarantor Subsidiaries |  |  | Total Consolidating Adjustments |  |  | Consolidated |
Net revenues |  | $ | — |  |  | $ | 5,645 |  |  | $ | 886 |  |  | $ | (10 | ) |  | $ | 6,521 |
Cost of sales |  | — |  |  | 1,675 |  |  | 259 |  |  | (10 | ) |  | 1,924 |
Excise taxes on products |  | — |  |  | 1,582 |  |  | 58 |  |  | — |  |  | 1,640 |
Gross profit |  | — |  |  | 2,388 |  |  | 569 |  |  | — |  |  | 2,957 |
Marketing, administration and research costs |  | 37 |  |  | 413 |  |  | 96 |  |  | — |  |  | 546 |
Asset impairment and exit costs |  | — |  |  | 1 |  |  | — |  |  | — |  |  | 1 |
Operating (expense) income |  | (37 | ) |  | 1,974 |  |  | 473 |  |  | — |  |  | 2,410 |
Interest and other debt expense, net |  | 135 |  |  | 2 |  |  | 55 |  |  | — |  |  | 192 |
Earnings from equity investment in SABMiller |  | (199 | ) |  | — |  |  | — |  |  | — |  |  | (199 | )
Gain on derivative financial instrument |  | (117 | ) |  | — |  |  | — |  |  | — |  |  | (117 | )
Earnings before income taxes and equity earnings of subsidiaries |  | 144 |  |  | 1,972 |  |  | 418 |  |  | — |  |  | 2,534 |
Provision for income taxes |  | 12 |  |  | 713 |  |  | 155 |  |  | — |  |  | 880 |
Equity earnings of subsidiaries |  | 1,521 |  |  | 80 |  |  | — |  |  | (1,601 | ) |  | — |
Net earnings |  | 1,653 |  |  | 1,339 |  |  | 263 |  |  | (1,601 | ) |  | 1,654 |
Net earnings attributable to noncontrolling interests |  | — |  |  | — |  |  | (1 | ) |  | — |  |  | (1 | )
Net earnings attributable to Altria Group, Inc. |  | $ | 1,653 |  |  | $ | 1,339 |  |  | $ | 262 |  |  | $ | (1,601 | ) |  | $ | 1,653 |
Net earnings |  | $ | 1,653 |  |  | $ | 1,339 |  |  | $ | 263 |  |  | $ | (1,601 | ) |  | $ | 1,654 |
Other comprehensive (losses) earnings, net of deferred income taxes |  | (13 | ) |  | 2 |  |  | 27 |  |  | (29 | ) |  | (13 | )
Comprehensive earnings |  | 1,640 |  |  | 1,341 |  |  | 290 |  |  | (1,630 | ) |  | 1,641 |
Comprehensive earnings attributable to noncontrolling interests |  | — |  |  | — |  |  | (1 | ) |  | — |  |  | (1 | )
Comprehensive earnings attributable to Altria Group, Inc. |  | $ | 1,640 |  |  | $ | 1,341 |  |  | $ | 289 |  |  | $ | (1,630 | ) |  | $ | 1,640 |
Condensed Consolidating Statements of Earnings and Comprehensive Earnings For the Three Months Ended June 30, 2015 (in millions of dollars)
|  | Altria Group, Inc. |  |  | PM USA |  |  | Non- Guarantor Subsidiaries |  |  | Total Consolidating Adjustments |  |  | Consolidated |
Net revenues |  | $ | — |  |  | $ | 5,810 |  |  | $ | 815 |  |  | $ | (12 | ) |  | $ | 6,613 |
Cost of sales |  | — |  |  | 1,746 |  |  | 270 |  |  | (12 | ) |  | 2,004 |
Excise taxes on products |  | — |  |  | 1,684 |  |  | 54 |  |  | — |  |  | 1,738 |
Gross profit |  | — |  |  | 2,380 |  |  | 491 |  |  | — |  |  | 2,871 |
Marketing, administration and research costs |  | 47 |  |  | 494 |  |  | 102 |  |  | — |  |  | 643 |
Asset impairment and exit costs |  | — |  |  | — |  |  | 4 |  |  | — |  |  | 4 |
Operating (expense) income |  | (47 | ) |  | 1,886 |  |  | 385 |  |  | — |  |  | 2,224 |
Interest and other debt expense, net |  | 138 |  |  | 1 |  |  | 56 |  |  | — |  |  | 195 |
Earnings from equity investment in SABMiller |  | (225 | ) |  | — |  |  | — |  |  | — |  |  | (225 | )
Earnings before income taxes and equity earnings of subsidiaries |  | 40 |  |  | 1,885 |  |  | 329 |  |  | — |  |  | 2,254 |
(Benefit) provision for income taxes |  | (2 | ) |  | 690 |  |  | 117 |  |  | — |  |  | 805 |
Equity earnings of subsidiaries |  | 1,406 |  |  | 65 |  |  | — |  |  | (1,471 | ) |  | — |
Net earnings |  | 1,448 |  |  | 1,260 |  |  | 212 |  |  | (1,471 | ) |  | 1,449 |
Net earnings attributable to noncontrolling interests |  | — |  |  | — |  |  | (1 | ) |  | — |  |  | (1 | )
Net earnings attributable to Altria Group, Inc. |  | $ | 1,448 |  |  | $ | 1,260 |  |  | $ | 211 |  |  | $ | (1,471 | ) |  | $ | 1,448 |
Net earnings |  | $ | 1,448 |  |  | $ | 1,260 |  |  | $ | 212 |  |  | $ | (1,471 | ) |  | $ | 1,449 |
Other comprehensive earnings, net of deferred income taxes |  | 67 |  |  | 3 |  |  | 35 |  |  | (38 | ) |  | 67 |
Comprehensive earnings |  | 1,515 |  |  | 1,263 |  |  | 247 |  |  | (1,509 | ) |  | 1,516 |
Comprehensive earnings attributable to noncontrolling interests |  | — |  |  | — |  |  | (1 | ) |  | — |  |  | (1 | )
Comprehensive earnings attributable to Altria Group, Inc. |  | $ | 1,515 |  |  | $ | 1,263 |  |  | $ | 246 |  |  | $ | (1,509 | ) |  | $ | 1,515 |
Condensed Consolidating Statements of Cash Flows | Condensed Consolidating Statements of Cash Flows For the Six Months Ended June 30, 2016 (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 |  | $ | 2,823 |  |  | $ | 998 |  |  | $ | 237 |  |  | $ | (3,000 | ) |  | $ | 1,058 |
Cash Provided by (Used in) Investing Activities |  |  |  |  |  |  |  |  |  |
Capital expenditures |  | — |  |  | (14 | ) |  | (63 | ) |  | — |  |  | (77 | )
Proceeds from finance assets |  | — |  |  | — |  |  | 56 |  |  | — |  |  | 56 |
Other |  | — |  |  | — |  |  | (42 | ) |  | — |  |  | (42 | )
Net cash used in investing activities |  | — |  |  | (14 | ) |  | (49 | ) |  | — |  |  | (63 | )
Cash Provided by (Used in) Financing Activities |  |  |  |  |  |  |  |  |  |
Repurchases of common stock |  | (341 | ) |  | — |  |  | — |  |  | — |  |  | (341 | )
Dividends paid on common stock |  | (2,215 | ) |  | — |  |  | — |  |  | — |  |  | (2,215 | )
Changes in amounts due to/from Altria Group, Inc. and subsidiaries |  | (1,833 | ) |  | 1,581 |  |  | 252 |  |  | — |  |  | — |
Cash dividends paid to parent |  | — |  |  | (2,564 | ) |  | (436 | ) |  | 3,000 |  |  | — |
Other |  | 19 |  |  | — |  |  | (8 | ) |  | — |  |  | 11 |
Net cash used in financing activities |  | (4,370 | ) |  | (983 | ) |  | (192 | ) |  | 3,000 |  |  | (2,545 | )
Cash and cash equivalents: |  |  |  |  |  |  |  |  |  |
(Decrease) increase |  | (1,547 | ) |  | 1 |  |  | (4 | ) |  | — |  |  | (1,550 | )
Balance at beginning of period |  | 2,313 |  |  | — |  |  | 56 |  |  | — |  |  | 2,369 |
Balance at end of period |  | $ | 766 |  |  | $ | 1 |  |  | $ | 52 |  |  | $ | — |  |  | $ | 819 |
Condensed Consolidating Statements of Cash Flows For the Six Months Ended June 30, 2015 (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 |  | $ | 2,316 |  |  | $ | 1,312 |  |  | $ | 311 |  |  | $ | (2,692 | ) |  | $ | 1,247 |
Cash Provided by (Used in) Investing Activities |  |  |  |  |  |  |  |  |  |
Capital expenditures |  | — |  |  | (25 | ) |  | (74 | ) |  | — |  |  | (99 | )
Proceeds from finance assets |  | — |  |  | — |  |  | 185 |  |  | — |  |  | 185 |
Other |  | — |  |  | 10 |  |  | (9 | ) |  | — |  |  | 1 |
Net cash (used in) provided by investing activities |  | — |  |  | (15 | ) |  | 102 |  |  | — |  |  | 87 |
Cash Provided by (Used in) Financing Activities |  |  |  |  |  |  |  |  |  |
Long-term debt repaid |  | (793 | ) |  | — |  |  | — |  |  | — |  |  | (793 | )
Repurchases of common stock |  | (455 | ) |  | — |  |  | — |  |  | — |  |  | (455 | )
Dividends paid on common stock |  | (2,050 | ) |  | — |  |  | — |  |  | — |  |  | (2,050 | )
Changes in amounts due to/from Altria Group, Inc. and subsidiaries |  | (996 | ) |  | 820 |  |  | 176 |  |  | — |  |  | — |
Premiums and fees related to early extinguishment of debt |  | (226 | ) |  | — |  |  | — |  |  | — |  |  | (226 | )
Cash dividends paid to parent |  | — |  |  | (2,119 | ) |  | (573 | ) |  | 2,692 |  |  | — |
Other |  | — |  |  | — |  |  | (8 | ) |  | — |  |  | (8 | )
Net cash used in financing activities |  | (4,520 | ) |  | (1,299 | ) |  | (405 | ) |  | 2,692 |  |  | (3,532 | )
Cash and cash equivalents: |  |  |  |  |  |  |  |  |  |
(Decrease) increase |  | (2,204 | ) |  | (2 | ) |  | 8 |  |  | — |  |  | (2,198 | )
Balance at beginning of period |  | 3,281 |  |  | 3 |  |  | 37 |  |  | — |  |  | 3,321 |
Balance at end of period |  | $ | 1,077 |  |  | $ | 1 |  |  | $ | 45 |  |  | $ | — |  |  | $ | 1,123 |

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