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Condensed Consolidating Financial Information (Tables) | 9 Months Ended
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Sep. 30, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Condensed Consolidating Balance Sheet | Condensed Consolidating Balance Sheets September 30, 2018 (in millions of dollars)
|  | Altria |  |  | PM USA |  |  | Non- Guarantor Subsidiaries |  |  | Total Consolidating Adjustments |  |  | Consolidated |
Assets |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 2,346 |  |  | $ | — |  |  | $ | 47 |  |  | $ | — |  |  | $ | 2,393 |
Receivables |  | — |  |  | 14 |  |  | 173 |  |  | — |  |  | 187 |
Inventories: |  |  |  |  |  |  |  |  |  |
Leaf tobacco |  | — |  |  | 465 |  |  | 329 |  |  | — |  |  | 794 |
Other raw materials |  | — |  |  | 114 |  |  | 74 |  |  | — |  |  | 188 |
Work in process |  | — |  |  | 4 |  |  | 502 |  |  | — |  |  | 506 |
Finished product |  | — |  |  | 117 |  |  | 472 |  |  | — |  |  | 589 |
|  | — |  |  | 700 |  |  | 1,377 |  |  | — |  |  | 2,077 |
Due from Altria and subsidiaries |  | 7 |  |  | 4,085 |  |  | 1,233 |  |  | (5,325 | ) |  | — |
Income taxes |  | — |  |  | 223 |  |  | — |  |  | (139 | ) |  | 84 |
Other current assets |  | 56 |  |  | 334 |  |  | 34 |  |  | — |  |  | 424 |
Total current assets |  | 2,409 |  |  | 5,356 |  |  | 2,864 |  |  | (5,464 | ) |  | 5,165 |
Property, plant and equipment, at cost |  | — |  |  | 2,910 |  |  | 1,951 |  |  | — |  |  | 4,861 |
Less accumulated depreciation |  | — |  |  | 2,100 |  |  | 870 |  |  | — |  |  | 2,970 |
|  | — |  |  | 810 |  |  | 1,081 |  |  | — |  |  | 1,891 |
Goodwill |  | — |  |  | — |  |  | 5,307 |  |  | — |  |  | 5,307 |
Other intangible assets, net |  | — |  |  | 2 |  |  | 12,383 |  |  | — |  |  | 12,385 |
Investment in AB InBev |  | 17,825 |  |  | — |  |  | — |  |  | — |  |  | 17,825 |
Investment in consolidated subsidiaries |  | 14,081 |  |  | 2,861 |  |  | — |  |  | (16,942 | ) |  | — |
Finance assets, net |  | — |  |  | — |  |  | 848 |  |  | — |  |  | 848 |
Due from Altria and subsidiaries |  | 4,790 |  |  | — |  |  | — |  |  | (4,790 | ) |  | — |
Other assets |  | 159 |  |  | 717 |  |  | 144 |  |  | (488 | ) |  | 532 |
Total Assets |  | $ | 39,264 |  |  | $ | 9,746 |  |  | $ | 22,627 |  |  | $ | (27,684 | ) |  | $ | 43,953 |
Condensed Consolidating Balance Sheets (Continued) September 30, 2018 (in millions of dollars)
|  | Altria |  |  | PM USA |  |  | Non- Guarantor Subsidiaries |  |  | Total Consolidating Adjustments |  |  | Consolidated |
Liabilities |  |  |  |  |  |  |  |  |  |
Current portion of long-term debt |  | $ | 2,007 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 2,007 |
Accounts payable |  | — |  |  | 78 |  |  | 211 |  |  | — |  |  | 289 |
Accrued liabilities: |  |  |  |  |  |  |  |  |  |
Marketing |  | — |  |  | 578 |  |  | 112 |  |  | — |  |  | 690 |
Employment costs |  | 14 |  |  | 11 |  |  | 122 |  |  | — |  |  | 147 |
Settlement charges |  | — |  |  | 3,222 |  |  | 8 |  |  | — |  |  | 3,230 |
Other |  | 277 |  |  | 335 |  |  | 302 |  |  | (139 | ) |  | 775 |
Dividends payable |  | 1,508 |  |  | — |  |  | — |  |  | — |  |  | 1,508 |
Due to Altria and subsidiaries |  | 4,814 |  |  | 426 |  |  | 85 |  |  | (5,325 | ) |  | — |
Total current liabilities |  | 8,620 |  |  | 4,650 |  |  | 840 |  |  | (5,464 | ) |  | 8,646 |
Long-term debt |  | 11,896 |  |  | — |  |  | — |  |  | — |  |  | 11,896 |
Deferred income taxes |  | 2,963 |  |  | — |  |  | 2,952 |  |  | (488 | ) |  | 5,427 |
Accrued pension costs |  | 197 |  |  | — |  |  | 63 |  |  | — |  |  | 260 |
Accrued postretirement health care costs |  | — |  |  | 1,213 |  |  | 770 |  |  | — |  |  | 1,983 |
Due to Altria and subsidiaries |  | — |  |  | — |  |  | 4,790 |  |  | (4,790 | ) |  | — |
Other liabilities |  | 94 |  |  | 30 |  |  | 83 |  |  | — |  |  | 207 |
Total liabilities |  | 23,770 |  |  | 5,893 |  |  | 9,498 |  |  | (10,742 | ) |  | 28,419 |
Contingencies |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Redeemable noncontrolling interest |  | — |  |  | — |  |  | 38 |  |  | — |  |  | 38 |
Stockholders’ Equity |  |  |  |  |  |  |  |  |  |
Common stock |  | 935 |  |  | — |  |  | 9 |  |  | (9 | ) |  | 935 |
Additional paid-in capital |  | 5,959 |  |  | 3,310 |  |  | 12,236 |  |  | (15,546 | ) |  | 5,959 |
Earnings reinvested in the business |  | 43,805 |  |  | 801 |  |  | 2,241 |  |  | (3,042 | ) |  | 43,805 |
Accumulated other comprehensive losses |  | (2,034 | ) |  | (258 | ) |  | (1,397 | ) |  | 1,655 |  |  | (2,034 | )
Cost of repurchased stock |  | (33,171 | ) |  | — |  |  | — |  |  | — |  |  | (33,171 | )
Total stockholders’ equity attributable to Altria |  | 15,494 |  |  | 3,853 |  |  | 13,089 |  |  | (16,942 | ) |  | 15,494 |
Noncontrolling interests |  | — |  |  | — |  |  | 2 |  |  | — |  |  | 2 |
Total stockholders’ equity |  | 15,494 |  |  | 3,853 |  |  | 13,091 |  |  | (16,942 | ) |  | 15,496 |
Total Liabilities and Stockholders’ Equity |  | $ | 39,264 |  |  | $ | 9,746 |  |  | $ | 22,627 |  |  | $ | (27,684 | ) |  | $ | 43,953 |
Condensed Consolidating Balance Sheets December 31, 2017 (in millions of dollars)
|  | Altria |  |  | PM USA |  |  | Non- Guarantor Subsidiaries |  |  | Total Consolidating Adjustments |  |  | Consolidated |
Assets |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 1,203 |  |  | $ | 1 |  |  | $ | 49 |  |  | $ | — |  |  | $ | 1,253 |
Receivables |  | 1 |  |  | 10 |  |  | 131 |  |  | — |  |  | 142 |
Inventories: |  |  |  |  |  |  |  |  |  |
Leaf tobacco |  | — |  |  | 579 |  |  | 362 |  |  | — |  |  | 941 |
Other raw materials |  | — |  |  | 111 |  |  | 59 |  |  | — |  |  | 170 |
Work in process |  | — |  |  | 5 |  |  | 555 |  |  | — |  |  | 560 |
Finished product |  | — |  |  | 128 |  |  | 426 |  |  | — |  |  | 554 |
|  | — |  |  | 823 |  |  | 1,402 |  |  | — |  |  | 2,225 |
Due from Altria and subsidiaries |  | 2 |  |  | 2,413 |  |  | 1,022 |  |  | (3,437 | ) |  | — |
Income taxes |  | — |  |  | 542 |  |  | 17 |  |  | (98 | ) |  | 461 |
Other current assets |  | 11 |  |  | 147 |  |  | 105 |  |  | — |  |  | 263 |
Total current assets |  | 1,217 |  |  | 3,936 |  |  | 2,726 |  |  | (3,535 | ) |  | 4,344 |
Property, plant and equipment, at cost |  | — |  |  | 2,930 |  |  | 1,949 |  |  | — |  |  | 4,879 |
Less accumulated depreciation |  | — |  |  | 2,086 |  |  | 879 |  |  | — |  |  | 2,965 |
|  | — |  |  | 844 |  |  | 1,070 |  |  | — |  |  | 1,914 |
Goodwill |  | — |  |  | — |  |  | 5,307 |  |  | — |  |  | 5,307 |
Other intangible assets, net |  | — |  |  | 2 |  |  | 12,398 |  |  | — |  |  | 12,400 |
Investment in AB InBev |  | 17,952 |  |  | — |  |  | — |  |  | — |  |  | 17,952 |
Investment in consolidated subsidiaries |  | 13,111 |  |  | 2,818 |  |  | — |  |  | (15,929 | ) |  | — |
Finance assets, net |  | — |  |  | — |  |  | 899 |  |  | — |  |  | 899 |
Due from Altria and subsidiaries |  | 4,790 |  |  | — |  |  | — |  |  | (4,790 | ) |  | — |
Other assets |  | 34 |  |  | 671 |  |  | 157 |  |  | (476 | ) |  | 386 |
Total Assets |  | $ | 37,104 |  |  | $ | 8,271 |  |  | $ | 22,557 |  |  | $ | (24,730 | ) |  | $ | 43,202 |
Condensed Consolidating Balance Sheets (Continued) December 31, 2017 (in millions of dollars)
|  | Altria |  |  | PM USA |  |  | Non- Guarantor Subsidiaries |  |  | Total Consolidating Adjustments |  |  | Consolidated |
Liabilities |  |  |  |  |  |  |  |  |  |
Current portion of long-term debt |  | $ | 864 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 864 |
Accounts payable |  | 2 |  |  | 91 |  |  | 281 |  |  | — |  |  | 374 |
Accrued liabilities: |  |  |  |  |  |  |  |  |  |
Marketing |  | — |  |  | 578 |  |  | 117 |  |  | — |  |  | 695 |
Employment costs |  | 21 |  |  | 14 |  |  | 153 |  |  | — |  |  | 188 |
Settlement charges |  | — |  |  | 2,437 |  |  | 5 |  |  | — |  |  | 2,442 |
Other |  | 389 |  |  | 433 |  |  | 247 |  |  | (98 | ) |  | 971 |
Dividends payable |  | 1,258 |  |  | — |  |  | — |  |  | — |  |  | 1,258 |
Due to Altria and subsidiaries |  | 3,040 |  |  | 317 |  |  | 80 |  |  | (3,437 | ) |  | — |
Total current liabilities |  | 5,574 |  |  | 3,870 |  |  | 883 |  |  | (3,535 | ) |  | 6,792 |
Long-term debt |  | 13,030 |  |  | — |  |  | — |  |  | — |  |  | 13,030 |
Deferred income taxes |  | 2,809 |  |  | — |  |  | 2,914 |  |  | (476 | ) |  | 5,247 |
Accrued pension costs |  | 206 |  |  | — |  |  | 239 |  |  | — |  |  | 445 |
Accrued postretirement health care costs |  | — |  |  | 1,214 |  |  | 773 |  |  | — |  |  | 1,987 |
Due to Altria and subsidiaries |  | — |  |  | — |  |  | 4,790 |  |  | (4,790 | ) |  | — |
Other liabilities |  | 108 |  |  | 49 |  |  | 126 |  |  | — |  |  | 283 |
Total liabilities |  | 21,727 |  |  | 5,133 |  |  | 9,725 |  |  | (8,801 | ) |  | 27,784 |
Contingencies |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Redeemable noncontrolling interest |  | — |  |  | — |  |  | 38 |  |  | — |  |  | 38 |
Stockholders’ Equity |  |  |  |  |  |  |  |  |  |
Common stock |  | 935 |  |  | — |  |  | 9 |  |  | (9 | ) |  | 935 |
Additional paid-in capital |  | 5,952 |  |  | 3,310 |  |  | 12,045 |  |  | (15,355 | ) |  | 5,952 |
Earnings reinvested in the business |  | 42,251 |  |  | 96 |  |  | 2,243 |  |  | (2,339 | ) |  | 42,251 |
Accumulated other comprehensive losses |  | (1,897 | ) |  | (268 | ) |  | (1,506 | ) |  | 1,774 |  |  | (1,897 | )
Cost of repurchased stock |  | (31,864 | ) |  | — |  |  | — |  |  | — |  |  | (31,864 | )
Total stockholders’ equity attributable to Altria |  | 15,377 |  |  | 3,138 |  |  | 12,791 |  |  | (15,929 | ) |  | 15,377 |
Noncontrolling interests |  | — |  |  | — |  |  | 3 |  |  | — |  |  | 3 |
Total stockholders’ equity |  | 15,377 |  |  | 3,138 |  |  | 12,794 |  |  | (15,929 | ) |  | 15,380 |
Total Liabilities and Stockholders’ Equity |  | $ | 37,104 |  |  | $ | 8,271 |  |  | $ | 22,557 |  |  | $ | (24,730 | ) |  | $ | 43,202 |
Condensed Consolidating Statements of Earnings and Comprehensive Earnings | Condensed Consolidating Statements of Earnings and Comprehensive Earnings For the Nine Months Ended September 30, 2018 (in millions of dollars)
|  | Altria |  |  | PM USA |  |  | Non- Guarantor Subsidiaries |  |  | Total Consolidating Adjustments |  |  | Consolidated |
Net revenues |  | $ | — |  |  | $ | 16,339 |  |  | $ | 2,938 |  |  | $ | (27 | ) |  | $ | 19,250 |
Cost of sales |  | — |  |  | 4,666 |  |  | 870 |  |  | (27 | ) |  | 5,509 |
Excise taxes on products |  | — |  |  | 4,245 |  |  | 164 |  |  | — |  |  | 4,409 |
Gross profit |  | — |  |  | 7,428 |  |  | 1,904 |  |  | — |  |  | 9,332 |
Marketing, administration and research costs |  | 122 |  |  | 1,400 |  |  | 437 |  |  | — |  |  | 1,959 |
Asset impairment and exit costs |  | — |  |  | — |  |  | 2 |  |  | — |  |  | 2 |
Operating (expense) income |  | (122 | ) |  | 6,028 |  |  | 1,465 |  |  | — |  |  | 7,371 |
Interest and other debt expense (income), net |  | 378 |  |  | (37 | ) |  | 162 |  |  | — |  |  | 503 |
Net periodic benefit cost (income), excluding service cost |  | 3 |  |  | (33 | ) |  | (7 | ) |  | — |  |  | (37 | )
Earnings from equity investment in AB InBev |  | (759 | ) |  | — |  |  | — |  |  | — |  |  | (759 | )
Loss on AB InBev/SABMiller business combination |  | 33 |  |  | — |  |  | — |  |  | — |  |  | 33 |
Earnings before income taxes and equity earnings of subsidiaries |  | 223 |  |  | 6,098 |  |  | 1,310 |  |  | — |  |  | 7,631 |
Provision for income taxes |  | 67 |  |  | 1,537 |  |  | 311 |  |  | — |  |  | 1,915 |
Equity earnings of subsidiaries |  | 5,557 |  |  | 310 |  |  | — |  |  | (5,867 | ) |  | — |
Net earnings |  | 5,713 |  |  | 4,871 |  |  | 999 |  |  | (5,867 | ) |  | 5,716 |
Net earnings attributable to noncontrolling interests |  | — |  |  | — |  |  | (3 | ) |  | — |  |  | (3 | )
Net earnings attributable to Altria |  | $ | 5,713 |  |  | $ | 4,871 |  |  | $ | 996 |  |  | $ | (5,867 | ) |  | $ | 5,713 |
Net earnings |  | $ | 5,713 |  |  | $ | 4,871 |  |  | $ | 999 |  |  | $ | (5,867 | ) |  | $ | 5,716 |
Other comprehensive (losses) earnings, net of deferred income taxes |  | (137 | ) |  | 10 |  |  | 109 |  |  | (119 | ) |  | (137 | )
Comprehensive earnings |  | 5,576 |  |  | 4,881 |  |  | 1,108 |  |  | (5,986 | ) |  | 5,579 |
Comprehensive earnings attributable to noncontrolling interests |  | — |  |  | — |  |  | (3 | ) |  | — |  |  | (3 | )
Comprehensive earnings attributable to Altria |  | $ | 5,576 |  |  | $ | 4,881 |  |  | $ | 1,105 |  |  | $ | (5,986 | ) |  | $ | 5,576 |
Condensed Consolidating Statements of Earnings and Comprehensive Earnings For the Nine Months Ended September 30, 2017 (in millions of dollars)
|  | Altria |  |  | PM USA |  |  | Non- Guarantor Subsidiaries |  |  | Total Consolidating Adjustments |  |  | Consolidated |
Net revenues |  | $ | — |  |  | $ | 16,748 |  |  | $ | 2,754 |  |  | $ | (27 | ) |  | $ | 19,475 |
Cost of sales |  | — |  |  | 4,888 |  |  | 858 |  |  | (27 | ) |  | 5,719 |
Excise taxes on products |  | — |  |  | 4,533 |  |  | 162 |  |  | — |  |  | 4,695 |
Gross profit |  | — |  |  | 7,327 |  |  | 1,734 |  |  | — |  |  | 9,061 |
Marketing, administration and research costs |  | 125 |  |  | 1,223 |  |  | 333 |  |  | — |  |  | 1,681 |
Asset impairment and exit costs |  | — |  |  | — |  |  | 24 |  |  | — |  |  | 24 |
Operating (expense) income |  | (125 | ) |  | 6,104 |  |  | 1,377 |  |  | — |  |  | 7,356 |
Interest and other debt expense (income), net |  | 375 |  |  | (12 | ) |  | 162 |  |  | — |  |  | 525 |
Net periodic benefit cost (income), excluding service cost |  | 1 |  |  | (28 | ) |  | (10 | ) |  | — |  |  | (37 | )
Earnings from equity investment in AB InBev |  | (332 | ) |  | — |  |  | — |  |  | — |  |  | (332 | )
Gain on AB InBev/SABMiller business combination |  | (445 | ) |  | — |  |  | — |  |  | — |  |  | (445 | )
Earnings before income taxes and equity earnings of subsidiaries |  | 276 |  |  | 6,144 |  |  | 1,225 |  |  | — |  |  | 7,645 |
(Benefit) provision for income taxes |  | (207 | ) |  | 2,173 |  |  | 420 |  |  | — |  |  | 2,386 |
Equity earnings of subsidiaries |  | 4,773 |  |  | 234 |  |  | — |  |  | (5,007 | ) |  | — |
Net earnings |  | 5,256 |  |  | 4,205 |  |  | 805 |  |  | (5,007 | ) |  | 5,259 |
Net earnings attributable to noncontrolling interests |  | — |  |  | — |  |  | (3 | ) |  | — |  |  | (3 | )
Net earnings attributable to Altria |  | $ | 5,256 |  |  | $ | 4,205 |  |  | $ | 802 |  |  | $ | (5,007 | ) |  | $ | 5,256 |
Net earnings |  | $ | 5,256 |  |  | $ | 4,205 |  |  | $ | 805 |  |  | $ | (5,007 | ) |  | $ | 5,259 |
Other comprehensive earnings, net of deferred income taxes |  | 106 |  |  | 10 |  |  | 83 |  |  | (93 | ) |  | 106 |
Comprehensive earnings |  | 5,362 |  |  | 4,215 |  |  | 888 |  |  | (5,100 | ) |  | 5,365 |
Comprehensive earnings attributable to noncontrolling interests |  | — |  |  | — |  |  | (3 | ) |  | — |  |  | (3 | )
Comprehensive earnings attributable to Altria |  | $ | 5,362 |  |  | $ | 4,215 |  |  | $ | 885 |  |  | $ | (5,100 | ) |  | $ | 5,362 |
Condensed Consolidating Statements of Earnings and Comprehensive Earnings For the Three Months Ended September 30, 2018 (in millions of dollars)
|  | Altria |  |  | PM USA |  |  | Non- Guarantor Subsidiaries |  |  | Total Consolidating Adjustments |  |  | Consolidated |
Net revenues |  | $ | — |  |  | $ | 5,811 |  |  | $ | 1,035 |  |  | $ | (9 | ) |  | $ | 6,837 |
Cost of sales |  | — |  |  | 1,736 |  |  | 310 |  |  | (9 | ) |  | 2,037 |
Excise taxes on products |  | — |  |  | 1,491 |  |  | 54 |  |  | — |  |  | 1,545 |
Gross profit |  | — |  |  | 2,584 |  |  | 671 |  |  | — |  |  | 3,255 |
Marketing, administration and research costs |  | 45 |  |  | 491 |  |  | 164 |  |  | — |  |  | 700 |
Asset impairment and exit costs |  | — |  |  | — |  |  | (2 | ) |  | — |  |  | (2 | )
Operating (expense) income |  | (45 | ) |  | 2,093 |  |  | 509 |  |  | — |  |  | 2,557 |
Interest and other debt expense (income), net |  | 127 |  |  | (20 | ) |  | 52 |  |  | — |  |  | 159 |
Net periodic benefit cost (income), excluding service cost |  | 1 |  |  | (18 | ) |  | (4 | ) |  | — |  |  | (21 | )
Earnings from equity investment in AB InBev |  | (189 | ) |  | — |  |  | — |  |  | — |  |  | (189 | )
Earnings before income taxes and equity earnings of subsidiaries |  | 16 |  |  | 2,131 |  |  | 461 |  |  | — |  |  | 2,608 |
Provision for income taxes |  | 21 |  |  | 539 |  |  | 104 |  |  | — |  |  | 664 |
Equity earnings of subsidiaries |  | 1,948 |  |  | 119 |  |  | — |  |  | (2,067 | ) |  | — |
Net earnings |  | 1,943 |  |  | 1,711 |  |  | 357 |  |  | (2,067 | ) |  | 1,944 |
Net earnings attributable to noncontrolling interests |  | — |  |  | — |  |  | (1 | ) |  | — |  |  | (1 | )
Net earnings attributable to Altria |  | $ | 1,943 |  |  | $ | 1,711 |  |  | $ | 356 |  |  | $ | (2,067 | ) |  | $ | 1,943 |
Net earnings |  | $ | 1,943 |  |  | $ | 1,711 |  |  | $ | 357 |  |  | $ | (2,067 | ) |  | $ | 1,944 |
Other comprehensive (losses) earnings, net of deferred income taxes |  | (382 | ) |  | 2 |  |  | 36 |  |  | (38 | ) |  | (382 | )
Comprehensive earnings |  | 1,561 |  |  | 1,713 |  |  | 393 |  |  | (2,105 | ) |  | 1,562 |
Comprehensive earnings attributable to noncontrolling interests |  | — |  |  | — |  |  | (1 | ) |  | — |  |  | (1 | )
Comprehensive earnings attributable to Altria |  | $ | 1,561 |  |  | $ | 1,713 |  |  | $ | 392 |  |  | $ | (2,105 | ) |  | $ | 1,561 |
Condensed Consolidating Statements of Earnings and Comprehensive Earnings For the Three Months Ended September 30, 2017 (in millions of dollars)
|  | Altria |  |  | PM USA |  |  | Non- Guarantor Subsidiaries |  |  | Total Consolidating Adjustments |  |  | Consolidated |
Net revenues |  | $ | — |  |  | $ | 5,764 |  |  | $ | 974 |  |  | $ | (9 | ) |  | $ | 6,729 |
Cost of sales |  | — |  |  | 1,668 |  |  | 293 |  |  | (9 | ) |  | 1,952 |
Excise taxes on products |  | — |  |  | 1,551 |  |  | 55 |  |  | — |  |  | 1,606 |
Gross profit |  | — |  |  | 2,545 |  |  | 626 |  |  | — |  |  | 3,171 |
Marketing, administration and research costs |  | 46 |  |  | 422 |  |  | 106 |  |  | — |  |  | 574 |
Asset impairment and exit costs |  | — |  |  | — |  |  | 8 |  |  | — |  |  | 8 |
Operating (expense) income |  | (46 | ) |  | 2,123 |  |  | 512 |  |  | — |  |  | 2,589 |
Interest and other debt expense (income), net |  | 122 |  |  | (6 | ) |  | 53 |  |  | — |  |  | 169 |
Net periodic benefit cost (income), excluding service cost |  | — |  |  | (14 | ) |  | (4 | ) |  | — |  |  | (18 | )
Earnings from equity investment in AB InBev |  | (169 | ) |  | — |  |  | — |  |  | — |  |  | (169 | )
Gain on AB InBev/SABMiller business combination |  | (37 | ) |  | — |  |  | — |  |  | — |  |  | (37 | )
Earnings before income taxes and equity earnings of subsidiaries |  | 38 |  |  | 2,143 |  |  | 463 |  |  | — |  |  | 2,644 |
(Benefit) provision for income taxes |  | (167 | ) |  | 776 |  |  | 168 |  |  | — |  |  | 777 |
Equity earnings of subsidiaries |  | 1,661 |  |  | 82 |  |  | — |  |  | (1,743 | ) |  | — |
Net earnings |  | 1,866 |  |  | 1,449 |  |  | 295 |  |  | (1,743 | ) |  | 1,867 |
Net earnings attributable to noncontrolling interests |  | — |  |  | — |  |  | (1 | ) |  | — |  |  | (1 | )
Net earnings attributable to Altria |  | $ | 1,866 |  |  | $ | 1,449 |  |  | $ | 294 |  |  | $ | (1,743 | ) |  | $ | 1,866 |
Net earnings |  | $ | 1,866 |  |  | $ | 1,449 |  |  | $ | 295 |  |  | $ | (1,743 | ) |  | $ | 1,867 |
Other comprehensive (losses) earnings, net of deferred income taxes |  | (108 | ) |  | 3 |  |  | 27 |  |  | (30 | ) |  | (108 | )
Comprehensive earnings |  | 1,758 |  |  | 1,452 |  |  | 322 |  |  | (1,773 | ) |  | 1,759 |
Comprehensive earnings attributable to noncontrolling interests |  | — |  |  | — |  |  | (1 | ) |  | — |  |  | (1 | )
Comprehensive earnings attributable to Altria |  | $ | 1,758 |  |  | $ | 1,452 |  |  | $ | 321 |  |  | $ | (1,773 | ) |  | $ | 1,758 |
Condensed Consolidating Statements of Cash Flows | Condensed Consolidating Statements of Cash Flows For the Nine Months Ended September 30, 2018 (in millions of dollars)
|  | Altria |  |  | PM USA |  |  | Non- Guarantor Subsidiaries |  |  | Total Consolidating Adjustments |  |  | Consolidated |
Cash Provided by Operating Activities |  |  |  |  |  |  |  |  |  |
Net cash provided by operating activities |  | $ | 4,806 |  |  | $ | 5,801 |  |  | $ | 1,123 |  |  | $ | (5,164 | ) |  | $ | 6,566 |
Cash Provided by (Used in) Investing Activities |  |  |  |  |  |  |  |  |  |
Capital expenditures |  | — |  |  | (33 | ) |  | (99 | ) |  | — |  |  | (132 | )
Other |  | 8 |  |  | — |  |  | (13 | ) |  | — |  |  | (5 | )
Net cash provided by (used in) investing activities |  | 8 |  |  | (33 | ) |  | (112 | ) |  | — |  |  | (137 | )
Cash Provided by (Used in) Financing Activities |  |  |  |  |  |  |  |  |  |
Repurchases of common stock |  | (1,317 | ) |  | — |  |  | — |  |  | — |  |  | (1,317 | )
Dividends paid on common stock |  | (3,909 | ) |  | — |  |  | — |  |  | — |  |  | (3,909 | )
Changes in amounts due to/from Altria and subsidiaries |  | 1,576 |  |  | (1,565 | ) |  | (11 | ) |  | — |  |  | — |
Cash dividends paid to parent |  | — |  |  | (4,166 | ) |  | (998 | ) |  | 5,164 |  |  | — |
Other |  | (21 | ) |  | — |  |  | (4 | ) |  | — |  |  | (25 | )
Net cash used in financing activities |  | (3,671 | ) |  | (5,731 | ) |  | (1,013 | ) |  | 5,164 |  |  | (5,251 | )
Cash, cash equivalents and restricted cash (1): |  |  |  |  |  |  |  |  |  |
Increase (decrease) |  | 1,143 |  |  | 37 |  |  | (2 | ) |  | — |  |  | 1,178 |
Balance at beginning of period |  | 1,203 |  |  | 62 |  |  | 49 |  |  | — |  |  | 1,314 |
Balance at end of period |  | $ | 2,346 |  |  | $ | 99 |  |  | $ | 47 |  |  | $ | — |  |  | $ | 2,492 |
(1) Restricted cash consisted of cash deposits collateralizing appeal bonds posted by PM USA to obtain stays of judgments pending appeals. See Note 10. Contingencies. Condensed Consolidating Statements of Cash Flows For the Nine Months Ended September 30, 2017 (in millions of dollars)
|  | Altria |  |  | PM USA |  |  | Non- Guarantor Subsidiaries |  |  | Total Consolidating Adjustments |  |  | Consolidated |
Cash Provided by Operating Activities |  |  |  |  |  |  |  |  |  |
Net cash provided by operating activities |  | $ | 4,777 |  |  | $ | 3,664 |  |  | $ | 639 |  |  | $ | (4,936 | ) |  | $ | 4,144 |
Cash Provided by (Used in) Investing Activities |  |  |  |  |  |  |  |  |  |
Capital expenditures |  | — |  |  | (21 | ) |  | (130 | ) |  | — |  |  | (151 | )
Proceeds from finance assets |  | — |  |  | — |  |  | 133 |  |  | — |  |  | 133 |
Other |  | (4 | ) |  | 2 |  |  | (182 | ) |  | — |  |  | (184 | )
Net cash used in investing activities |  | (4 | ) |  | (19 | ) |  | (179 | ) |  | — |  |  | (202 | )
Cash Provided by (Used in) Financing Activities |  |  |  |  |  |  |  |  |  |
Repurchases of common stock |  | (2,359 | ) |  | — |  |  | — |  |  | — |  |  | (2,359 | )
Dividends paid on common stock |  | (3,544 | ) |  | — |  |  | — |  |  | — |  |  | (3,544 | )
Changes in amounts due to/from Altria and subsidiaries |  | (813 | ) |  | 182 |  |  | 631 |  |  | — |  |  | — |
Cash dividends paid to parent |  | — |  |  | (3,849 | ) |  | (1,087 | ) |  | 4,936 |  |  | — |
Other |  | (40 | ) |  | — |  |  | (7 | ) |  | — |  |  | (47 | )
Net cash used in financing activities |  | (6,756 | ) |  | (3,667 | ) |  | (463 | ) |  | 4,936 |  |  | (5,950 | )
Cash, cash equivalents and restricted cash (1): |  |  |  |  |  |  |  |  |  |
Decrease |  | (1,983 | ) |  | (22 | ) |  | (3 | ) |  | — |  |  | (2,008 | )
Balance at beginning of period |  | 4,521 |  |  | 83 |  |  | 47 |  |  | — |  |  | 4,651 |
Balance at end of period |  | $ | 2,538 |  |  | $ | 61 |  |  | $ | 44 |  |  | $ | — |  |  | $ | 2,643 |
(1) Restricted cash consisted of cash deposits collateralizing appeal bonds posted by PM USA to obtain stays of judgments pending appeals. See Note 10. Contingencies.

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