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Investments in Equity Securities Investments in Equity Securities (Tables) | 3 Months Ended
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Mar. 31, 2020
Investments [Abstract] |
Investment | Altria’s investments consisted of the following:
|  | Carrying Amount
|  | March 31, 2020 |  | December 31, 2019
|  | (in millions)
ABI |  | $ | 18,453 |  |  | $ | 18,071 |
JUUL |  | 4,205 |  |  | 4,205 |
Cronos (1) |  | 1,203 |  |  | 1,305 |
Total |  | $ | 23,861 |  |  | $ | 23,581 |
(1) March 31, 2020 includes Altria’s equity method investment in Cronos ($1,037 million), the Cronos warrant ($132 million) and the Fixed-price Preemptive Rights ($34 million) and December 31, 2019 includes Altria’s equity method investment in Cronos ($1,002 million), the Cronos warrant ($234 million) and the Fixed -price Preemptive Rights ($69 million), as discussed further below.
Equity Method Investments | Earnings from equity investments accounted for under the equity method of accounting consisted of the following:
|  | For the Three Months Ended March 31,
|  | 2020 |  | 2019
|  | (in millions)
ABI |  | $ | 134 |  |  | $ | 86 |
Cronos (1) |  | 23 |  |  | — |
Total |  | $ | 157 |  |  | $ | 86 |
(1) Represents Altria’s share of Cronos’s earnings, which includes the change in fair value of Cronos’s derivative financial instruments associated with the issuance of additional shares. As a result of the acquisition of Cronos in March 2019 and Altria reporting its share of Cronos’s results using a one-quarter lag, no equity earnings from Altria’s investment in Cronos were recorded for the three months ended March 31, 2019.

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- Definition Tabular disclosure of equity method investments including, but not limited to, name of each investee or group of investments, percentage ownership, difference between recorded amount of an investment and the value of the underlying equity in the net assets, and summarized financial information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571 + Details
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