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Condensed Consolidating Financial Information (Tables) | 6 Months Ended
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Jun. 30, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Condensed Consolidating Balance Sheet | Condensed Consolidating Balance Sheets June 30, 2017 (in millions of dollars)
|  | Altria Group, Inc. |  |  | PM USA |  |  | Non- Guarantor Subsidiaries |  |  | Total Consolidating Adjustments |  |  | Consolidated |
Assets |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 2,203 |  |  | $ | 1 |  |  | $ | 51 |  |  | $ | — |  |  | $ | 2,255 |
Receivables |  | — |  |  | 8 |  |  | 111 |  |  | — |  |  | 119 |
Inventories: |  |  |  |  |  |  |  |  |  |
Leaf tobacco |  | — |  |  | 441 |  |  | 328 |  |  | — |  |  | 769 |
Other raw materials |  | — |  |  | 112 |  |  | 66 |  |  | — |  |  | 178 |
Work in process |  | — |  |  | 3 |  |  | 431 |  |  | — |  |  | 434 |
Finished product |  | — |  |  | 187 |  |  | 431 |  |  | — |  |  | 618 |
|  | — |  |  | 743 |  |  | 1,256 |  |  | — |  |  | 1,999 |
Due from Altria Group, Inc. and subsidiaries |  | 17 |  |  | 2,728 |  |  | 1,145 |  |  | (3,890 | ) |  | — |
Other current assets |  | 34 |  |  | 106 |  |  | 104 |  |  | (6 | ) |  | 238 |
Total current assets |  | 2,254 |  |  | 3,586 |  |  | 2,667 |  |  | (3,896 | ) |  | 4,611 |
Property, plant and equipment, at cost |  | — |  |  | 2,975 |  |  | 1,877 |  |  | — |  |  | 4,852 |
Less accumulated depreciation |  | — |  |  | 2,108 |  |  | 844 |  |  | — |  |  | 2,952 |
|  | — |  |  | 867 |  |  | 1,033 |  |  | — |  |  | 1,900 |
Goodwill |  | — |  |  | — |  |  | 5,307 |  |  | — |  |  | 5,307 |
Other intangible assets, net |  | — |  |  | 2 |  |  | 12,194 |  |  | — |  |  | 12,196 |
Investment in AB InBev |  | 18,219 |  |  | — |  |  | — |  |  | — |  |  | 18,219 |
Investment in consolidated subsidiaries |  | 11,839 |  |  | 2,642 |  |  | — |  |  | (14,481 | ) |  | — |
Finance assets, net |  | — |  |  | — |  |  | 988 |  |  | — |  |  | 988 |
Due from Altria Group, Inc. and subsidiaries |  | 4,790 |  |  | — |  |  | — |  |  | (4,790 | ) |  | — |
Other assets |  | 20 |  |  | 1,736 |  |  | 127 |  |  | (1,378 | ) |  | 505 |
Total Assets |  | $ | 37,122 |  |  | $ | 8,833 |  |  | $ | 22,316 |  |  | $ | (24,545 | ) |  | $ | 43,726 |
Condensed Consolidating Balance Sheets (Continued) June 30, 2017 (in millions of dollars)
|  | Altria Group, Inc. |  |  | PM USA |  |  | Non- Guarantor Subsidiaries |  |  | Total Consolidating Adjustments |  |  | Consolidated |
Liabilities |  |  |  |  |  |  |  |  |  |
Accounts payable |  | $ | — |  |  | $ | 64 |  |  | $ | 130 |  |  | $ | — |  |  | $ | 194 |
Accrued liabilities: |  |  |  |  |  |  |  |  |  |
Marketing |  | — |  |  | 659 |  |  | 104 |  |  | — |  |  | 763 |
Employment costs |  | 15 |  |  | 9 |  |  | 87 |  |  | — |  |  | 111 |
Settlement charges |  | — |  |  | 2,216 |  |  | 7 |  |  | — |  |  | 2,223 |
Other |  | 257 |  |  | 509 |  |  | 241 |  |  | — |  |  | 1,007 |
Income taxes |  | 1 |  |  | — |  |  | 113 |  |  | (6 | ) |  | 108 |
Dividends payable |  | 1,176 |  |  | — |  |  | — |  |  | — |  |  | 1,176 |
Due to Altria Group, Inc. and subsidiaries |  | 3,505 |  |  | 327 |  |  | 58 |  |  | (3,890 | ) |  | — |
Total current liabilities |  | 4,954 |  |  | 3,784 |  |  | 740 |  |  | (3,896 | ) |  | 5,582 |
Long-term debt |  | 13,887 |  |  | — |  |  | — |  |  | — |  |  | 13,887 |
Deferred income taxes |  | 5,554 |  |  | — |  |  | 4,351 |  |  | (1,378 | ) |  | 8,527 |
Accrued pension costs |  | 203 |  |  | — |  |  | 473 |  |  | — |  |  | 676 |
Accrued postretirement health care costs |  | — |  |  | 1,431 |  |  | 772 |  |  | — |  |  | 2,203 |
Due to Altria Group, Inc. and subsidiaries |  | — |  |  | — |  |  | 4,790 |  |  | (4,790 | ) |  | — |
Other liabilities |  | 106 |  |  | 151 |  |  | 137 |  |  | — |  |  | 394 |
Total liabilities |  | 24,704 |  |  | 5,366 |  |  | 11,263 |  |  | (10,064 | ) |  | 31,269 |
Contingencies |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Redeemable noncontrolling interest |  | — |  |  | — |  |  | 36 |  |  | — |  |  | 36 |
Stockholders’ Equity |  |  |  |  |  |  |  |  |  |
Common stock |  | 935 |  |  | — |  |  | 9 |  |  | (9 | ) |  | 935 |
Additional paid-in capital |  | 5,928 |  |  | 3,310 |  |  | 11,855 |  |  | (15,165 | ) |  | 5,928 |
Earnings reinvested in the business |  | 37,939 |  |  | 421 |  |  | 814 |  |  | (1,235 | ) |  | 37,939 |
Accumulated other comprehensive losses |  | (1,838 | ) |  | (264 | ) |  | (1,664 | ) |  | 1,928 |  |  | (1,838 | )
Cost of repurchased stock |  | (30,546 | ) |  | — |  |  | — |  |  | — |  |  | (30,546 | )
Total stockholders’ equity attributable to Altria Group, Inc. |  | 12,418 |  |  | 3,467 |  |  | 11,014 |  |  | (14,481 | ) |  | 12,418 |
Noncontrolling interests |  | — |  |  | — |  |  | 3 |  |  | — |  |  | 3 |
Total stockholders’ equity |  | 12,418 |  |  | 3,467 |  |  | 11,017 |  |  | (14,481 | ) |  | 12,421 |
Total Liabilities and Stockholders’ Equity |  | $ | 37,122 |  |  | $ | 8,833 |  |  | $ | 22,316 |  |  | $ | (24,545 | ) |  | $ | 43,726 |
Condensed Consolidating Balance Sheets December 31, 2016 (in millions of dollars)
|  | Altria Group, Inc. |  |  | PM USA |  |  | Non- Guarantor Subsidiaries |  |  | Total Consolidating Adjustments |  |  | Consolidated |
Assets |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 4,521 |  |  | $ | 1 |  |  | $ | 47 |  |  | $ | — |  |  | $ | 4,569 |
Receivables |  | — |  |  | 8 |  |  | 143 |  |  | — |  |  | 151 |
Inventories: |  |  |  |  |  |  |  |  |  |
Leaf tobacco |  | — |  |  | 541 |  |  | 351 |  |  | — |  |  | 892 |
Other raw materials |  | — |  |  | 111 |  |  | 53 |  |  | — |  |  | 164 |
Work in process |  | — |  |  | 3 |  |  | 509 |  |  | — |  |  | 512 |
Finished product |  | — |  |  | 112 |  |  | 371 |  |  | — |  |  | 483 |
|  | — |  |  | 767 |  |  | 1,284 |  |  | — |  |  | 2,051 |
Due from Altria Group, Inc. and subsidiaries |  | — |  |  | 3,797 |  |  | 1,511 |  |  | (5,308 | ) |  | — |
Other current assets |  | 170 |  |  | 118 |  |  | 201 |  |  | — |  |  | 489 |
Total current assets |  | 4,691 |  |  | 4,691 |  |  | 3,186 |  |  | (5,308 | ) |  | 7,260 |
Property, plant and equipment, at cost |  | — |  |  | 2,971 |  |  | 1,864 |  |  | — |  |  | 4,835 |
Less accumulated depreciation |  | — |  |  | 2,073 |  |  | 804 |  |  | — |  |  | 2,877 |
|  | — |  |  | 898 |  |  | 1,060 |  |  | — |  |  | 1,958 |
Goodwill |  | — |  |  | — |  |  | 5,285 |  |  | — |  |  | 5,285 |
Other intangible assets, net |  | — |  |  | 2 |  |  | 12,034 |  |  | — |  |  | 12,036 |
Investment in AB InBev |  | 17,852 |  |  | — |  |  | — |  |  | — |  |  | 17,852 |
Investment in consolidated subsidiaries |  | 11,636 |  |  | 2,632 |  |  | — |  |  | (14,268 | ) |  | — |
Finance assets, net |  | — |  |  | — |  |  | 1,028 |  |  | — |  |  | 1,028 |
Due from Altria Group, Inc. and subsidiaries |  | 4,790 |  |  | — |  |  | — |  |  | (4,790 | ) |  | — |
Other assets |  | 18 |  |  | 1,748 |  |  | 131 |  |  | (1,384 | ) |  | 513 |
Total Assets |  | $ | 38,987 |  |  | $ | 9,971 |  |  | $ | 22,724 |  |  | $ | (25,750 | ) |  | $ | 45,932 |
Condensed Consolidating Balance Sheets (Continued) December 31, 2016 (in millions of dollars)
|  | Altria Group, Inc. |  |  | PM USA |  |  | Non- Guarantor Subsidiaries |  |  | Total Consolidating Adjustments |  |  | Consolidated |
Liabilities |  |  |  |  |  |  |  |  |  |
Accounts payable |  | $ | 1 |  |  | $ | 92 |  |  | $ | 332 |  |  | $ | — |  |  | $ | 425 |
Accrued liabilities: |  |  |  |  |  |  |  |  |  |
Marketing |  | — |  |  | 619 |  |  | 128 |  |  | — |  |  | 747 |
Employment costs |  | 104 |  |  | 14 |  |  | 171 |  |  | — |  |  | 289 |
Settlement charges |  | — |  |  | 3,696 |  |  | 5 |  |  | — |  |  | 3,701 |
Other |  | 261 |  |  | 438 |  |  | 326 |  |  | — |  |  | 1,025 |
Dividends payable |  | 1,188 |  |  | — |  |  | — |  |  | — |  |  | 1,188 |
Due to Altria Group, Inc. and subsidiaries |  | 5,030 |  |  | 237 |  |  | 41 |  |  | (5,308 | ) |  | — |
Total current liabilities |  | 6,584 |  |  | 5,096 |  |  | 1,003 |  |  | (5,308 | ) |  | 7,375 |
Long-term debt |  | 13,881 |  |  | — |  |  | — |  |  | — |  |  | 13,881 |
Deferred income taxes |  | 5,424 |  |  | — |  |  | 4,376 |  |  | (1,384 | ) |  | 8,416 |
Accrued pension costs |  | 207 |  |  | — |  |  | 598 |  |  | — |  |  | 805 |
Accrued postretirement health care costs |  | — |  |  | 1,453 |  |  | 764 |  |  | — |  |  | 2,217 |
Due to Altria Group, Inc. and subsidiaries |  | — |  |  | — |  |  | 4,790 |  |  | (4,790 | ) |  | — |
Other liabilities |  | 121 |  |  | 146 |  |  | 160 |  |  | — |  |  | 427 |
Total liabilities |  | 26,217 |  |  | 6,695 |  |  | 11,691 |  |  | (11,482 | ) |  | 33,121 |
Contingencies |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Redeemable noncontrolling interest |  | — |  |  | — |  |  | 38 |  |  | — |  |  | 38 |
Stockholders’ Equity |  |  |  |  |  |  |  |  |  |
Common stock |  | 935 |  |  | — |  |  | 9 |  |  | (9 | ) |  | 935 |
Additional paid-in capital |  | 5,893 |  |  | 3,310 |  |  | 11,585 |  |  | (14,895 | ) |  | 5,893 |
Earnings reinvested in the business |  | 36,906 |  |  | 237 |  |  | 1,118 |  |  | (1,355 | ) |  | 36,906 |
Accumulated other comprehensive losses |  | (2,052 | ) |  | (271 | ) |  | (1,720 | ) |  | 1,991 |  |  | (2,052 | )
Cost of repurchased stock |  | (28,912 | ) |  | — |  |  | — |  |  | — |  |  | (28,912 | )
Total stockholders’ equity attributable to Altria Group, Inc. |  | 12,770 |  |  | 3,276 |  |  | 10,992 |  |  | (14,268 | ) |  | 12,770 |
Noncontrolling interests |  | — |  |  | — |  |  | 3 |  |  | — |  |  | 3 |
Total stockholders’ equity |  | 12,770 |  |  | 3,276 |  |  | 10,995 |  |  | (14,268 | ) |  | 12,773 |
Total Liabilities and Stockholders’ Equity |  | $ | 38,987 |  |  | $ | 9,971 |  |  | $ | 22,724 |  |  | $ | (25,750 | ) |  | $ | 45,932 |
Condensed Consolidating Statements of Earnings and Comprehensive Earnings | Condensed Consolidating Statements of Earnings and Comprehensive Earnings For the Six Months Ended June 30, 2017 (in millions of dollars)
|  | Altria Group, Inc. |  |  | PM USA |  |  | Non- Guarantor Subsidiaries |  |  | Total Consolidating Adjustments |  |  | Consolidated |
Net revenues |  | $ | — |  |  | $ | 10,984 |  |  | $ | 1,780 |  |  | $ | (18 | ) |  | $ | 12,746 |
Cost of sales |  | — |  |  | 3,216 |  |  | 561 |  |  | (18 | ) |  | 3,759 |
Excise taxes on products |  | — |  |  | 2,982 |  |  | 107 |  |  | — |  |  | 3,089 |
Gross profit |  | — |  |  | 4,786 |  |  | 1,112 |  |  | — |  |  | 5,898 |
Marketing, administration and research costs |  | 80 |  |  | 791 |  |  | 225 |  |  | — |  |  | 1,096 |
Asset impairment and exit costs |  | — |  |  | — |  |  | 16 |  |  | — |  |  | 16 |
Operating (expense) income |  | (80 | ) |  | 3,995 |  |  | 871 |  |  | — |  |  | 4,786 |
Interest and other debt expense, net |  | 253 |  |  | (6 | ) |  | 109 |  |  | — |  |  | 356 |
Earnings from equity investment in AB InBev |  | (163 | ) |  | — |  |  | — |  |  | — |  |  | (163 | )
Gain on AB InBev/SABMiller business combination |  | (408 | ) |  | — |  |  | — |  |  | — |  |  | (408 | )
Earnings before income taxes and equity earnings of subsidiaries |  | 238 |  |  | 4,001 |  |  | 762 |  |  | — |  |  | 5,001 |
(Benefit) provision for income taxes |  | (40 | ) |  | 1,397 |  |  | 252 |  |  | — |  |  | 1,609 |
Equity earnings of subsidiaries |  | 3,112 |  |  | 152 |  |  | — |  |  | (3,264 | ) |  | — |
Net earnings |  | 3,390 |  |  | 2,756 |  |  | 510 |  |  | (3,264 | ) |  | 3,392 |
Net earnings attributable to noncontrolling interests |  | — |  |  | — |  |  | (2 | ) |  | — |  |  | (2 | )
Net earnings attributable to Altria Group, Inc. |  | $ | 3,390 |  |  | $ | 2,756 |  |  | $ | 508 |  |  | $ | (3,264 | ) |  | $ | 3,390 |
Net earnings |  | $ | 3,390 |  |  | $ | 2,756 |  |  | $ | 510 |  |  | $ | (3,264 | ) |  | $ | 3,392 |
Other comprehensive earnings, net of deferred income taxes |  | 214 |  |  | 7 |  |  | 56 |  |  | (63 | ) |  | 214 |
Comprehensive earnings |  | 3,604 |  |  | 2,763 |  |  | 566 |  |  | (3,327 | ) |  | 3,606 |
Comprehensive earnings attributable to noncontrolling interests |  | — |  |  | — |  |  | (2 | ) |  | — |  |  | (2 | )
Comprehensive earnings attributable to Altria Group, Inc. |  | $ | 3,604 |  |  | $ | 2,763 |  |  | $ | 564 |  |  | $ | (3,327 | ) |  | $ | 3,604 |
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 AB InBev/SABMiller business combination |  | (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 Three Months Ended June 30, 2017 (in millions of dollars)
|  | Altria Group, Inc. |  |  | PM USA |  |  | Non- Guarantor Subsidiaries |  |  | Total Consolidating Adjustments |  |  | Consolidated |
Net revenues |  | $ | — |  |  | $ | 5,713 |  |  | $ | 960 |  |  | $ | (10 | ) |  | $ | 6,663 |
Cost of sales |  | — |  |  | 1,678 |  |  | 281 |  |  | (10 | ) |  | 1,949 |
Excise taxes on products |  | — |  |  | 1,536 |  |  | 59 |  |  | — |  |  | 1,595 |
Gross profit |  | — |  |  | 2,499 |  |  | 620 |  |  | — |  |  | 3,119 |
Marketing, administration and research costs |  | 40 |  |  | 413 |  |  | 115 |  |  | — |  |  | 568 |
Asset impairment and exit costs |  | — |  |  | — |  |  | 12 |  |  | — |  |  | 12 |
Operating (expense) income |  | (40 | ) |  | 2,086 |  |  | 493 |  |  | — |  |  | 2,539 |
Interest and other debt expense, net |  | 130 |  |  | (6 | ) |  | 53 |  |  | — |  |  | 177 |
Earnings from equity investment in AB InBev |  | (140 | ) |  | — |  |  | — |  |  | — |  |  | (140 | )
Gain on AB InBev/SABMiller business combination |  | (408 | ) |  | — |  |  | — |  |  | — |  |  | (408 | )
Earnings before income taxes and equity earnings of subsidiaries |  | 378 |  |  | 2,092 |  |  | 440 |  |  | — |  |  | 2,910 |
Provision for income taxes |  | 32 |  |  | 734 |  |  | 154 |  |  | — |  |  | 920 |
Equity earnings of subsidiaries |  | 1,643 |  |  | 80 |  |  | — |  |  | (1,723 | ) |  | — |
Net earnings |  | 1,989 |  |  | 1,438 |  |  | 286 |  |  | (1,723 | ) |  | 1,990 |
Net earnings attributable to noncontrolling interests |  | — |  |  | — |  |  | (1 | ) |  | — |  |  | (1 | )
Net earnings attributable to Altria Group, Inc. |  | $ | 1,989 |  |  | $ | 1,438 |  |  | $ | 285 |  |  | $ | (1,723 | ) |  | $ | 1,989 |
Net earnings |  | $ | 1,989 |  |  | $ | 1,438 |  |  | $ | 286 |  |  | $ | (1,723 | ) |  | $ | 1,990 |
Other comprehensive earnings, net of deferred income taxes |  | 374 |  |  | 4 |  |  | 28 |  |  | (32 | ) |  | 374 |
Comprehensive earnings |  | 2,363 |  |  | 1,442 |  |  | 314 |  |  | (1,755 | ) |  | 2,364 |
Comprehensive earnings attributable to noncontrolling interests |  | — |  |  | — |  |  | (1 | ) |  | — |  |  | (1 | )
Comprehensive earnings attributable to Altria Group, Inc. |  | $ | 2,363 |  |  | $ | 1,442 |  |  | $ | 313 |  |  | $ | (1,755 | ) |  | $ | 2,363 |
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 AB InBev/SABMiller business combination |  | (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 Cash Flows | Condensed Consolidating Statements of Cash Flows For the Six Months Ended June 30, 2017 (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 |  | $ | 3,508 |  |  | $ | 1,427 |  |  | $ | 397 |  |  | $ | (3,384 | ) |  | $ | 1,948 |
Cash Provided by (Used in) Investing Activities |  |  |  |  |  |  |  |  |  |
Capital expenditures |  | — |  |  | (13 | ) |  | (78 | ) |  | — |  |  | (91 | )
Proceeds from finance assets |  | — |  |  | — |  |  | 45 |  |  | — |  |  | 45 |
Other |  | (4 | ) |  | — |  |  | (196 | ) |  | — |  |  | (200 | )
Net cash used in investing activities |  | (4 | ) |  | (13 | ) |  | (229 | ) |  | — |  |  | (246 | )
Cash Provided by (Used in) Financing Activities |  |  |  |  |  |  |  |  |  |
Repurchases of common stock |  | (1,600 | ) |  | — |  |  | — |  |  | — |  |  | (1,600 | )
Dividends paid on common stock |  | (2,369 | ) |  | — |  |  | — |  |  | — |  |  | (2,369 | )
Changes in amounts due to/from Altria Group, Inc. and subsidiaries |  | (1,813 | ) |  | 1,158 |  |  | 655 |  |  | — |  |  | — |
Cash dividends paid to parent |  | — |  |  | (2,572 | ) |  | (812 | ) |  | 3,384 |  |  | — |
Other |  | (40 | ) |  | — |  |  | (7 | ) |  | — |  |  | (47 | )
Net cash used in financing activities |  | (5,822 | ) |  | (1,414 | ) |  | (164 | ) |  | 3,384 |  |  | (4,016 | )
Cash and cash equivalents: |  |  |  |  |  |  |  |  |  |
(Decrease) increase |  | (2,318 | ) |  | — |  |  | 4 |  |  | — |  |  | (2,314 | )
Balance at beginning of period |  | 4,521 |  |  | 1 |  |  | 47 |  |  | — |  |  | 4,569 |
Balance at end of period |  | $ | 2,203 |  |  | $ | 1 |  |  | $ | 51 |  |  | $ | — |  |  | $ | 2,255 |
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 |  | $ | 2,853 |  |  | $ | 998 |  |  | $ | 237 |  |  | $ | (3,000 | ) |  | $ | 1,088 |
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 |  | (11 | ) |  | — |  |  | (8 | ) |  | — |  |  | (19 | )
Net cash used in financing activities |  | (4,400 | ) |  | (983 | ) |  | (192 | ) |  | 3,000 |  |  | (2,575 | )
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 |

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