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Segment Reporting | 3 Months Ended
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Mar. 31, 2020
Segment Reporting [Abstract] |
Segment Reporting | Segment Reporting: In the first quarter of 2020, Altria renamed its smokeless products segment as the oral tobacco products segment. The products of Altria’s subsidiaries include smokeable tobacco products, consisting of combustible cigarettes manufactured and sold by PM USA and Nat Sherman, machine-made large cigars and pipe tobacco manufactured and sold by Middleton and premium cigars sold by Nat Sherman; oral tobacco products, consisting of MST and snus products manufactured and sold by USSTC and oral nicotine pouches manufactured and sold by Helix; and wine produced and/or distributed by Ste. Michelle. The products and services of these subsidiaries constitute Altria’s reportable segments of smokeable products, oral tobacco products (formerly smokeless products) and wine. The financial services and the innovative tobacco products businesses are included in all other. Altria’s chief operating decision maker (the “CODM”) reviews operating companies income to evaluate the performance of, and allocate resources to, the segments. Operating companies income for the segments is defined as operating income before general corporate expenses and amortization of intangibles. Interest and other debt expense, net, net periodic benefit income/cost, excluding service cost, and provision for income taxes are centrally managed at the corporate level and, accordingly, such items are not presented by segment since they are excluded from the measure of segment profitability reviewed by the CODM. Segment data were as follows:
|  | For the Three Months Ended March 31,
|  | 2020 |  | 2019
|  | (in millions)
Net revenues: |  |  |  |
Smokeable products |  | $ | 5,606 |  |  | $ | 4,935 |
Oral tobacco products |  | 601 |  |  | 540 |
Wine |  | 146 |  |  | 151 |
All other |  | 6 |  |  | 2 |
Net revenues |  | $ | 6,359 |  |  | $ | 5,628 |
Earnings before income taxes: |  |  |  |
Operating companies income (loss): |  |  |  |
Smokeable products |  | $ | 2,370 |  |  | $ | 1,932 |
Oral tobacco products |  | 414 |  |  | 358 |
Wine |  | (379 | ) |  | 15 |
All other |  | (5 | ) |  | (12 | )
Amortization of intangibles |  | (19 | ) |  | (8 | )
General corporate expenses |  | (45 | ) |  | (46 | )
Corporate asset impairment and exit costs |  | — |  |  | (1 | )
Operating income |  | 2,336 |  |  | 2,238 |
Interest and other debt expense, net |  | (275 | ) |  | (384 | )
Net periodic benefit income, excluding service cost |  | 27 |  |  | 1 |
Earnings from equity investments |  | 157 |  |  | 86 |
Loss on Cronos-related financial instruments |  | (137 | ) |  | (425 | )
Earnings before income taxes |  | $ | 2,108 |  |  | $ | 1,516 |
The comparability of operating companies income for the reportable segments was affected by the following: Tobacco and Health Litigation Items - Pre-tax charges related to certain tobacco and health litigation items were recorded in Altria’s condensed consolidated statements of earnings as follows:
|  | For the Three Months Ended March 31,
|  | 2020 |  | 2019
|  | (in millions)
Smokeable products segment |  | $ | 22 |  |  | $ | 15 |
Interest and other debt expense, net |  | 2 |  |  | 2 |
Total |  | $ | 24 |  |  | $ | 17 |
The amounts shown in the table above for the smokeable products segment were recorded in marketing, administration and research costs. For further discussion, see Note 11. Contingencies. Asset Impairment, Exit and Implementation Costs - See Note 3. Asset Impairment, Exit and Implementation Costs for a breakdown of these costs by segment.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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