Other Comprehensive Earnings/Losses

3 Months Ended

Mar. 31, 2021

The following tables set forth the changes in each component of accumulated other comprehensive losses, net of deferred income taxes, attributable to Altria:


	For the Three Months Ended March 31, 2021
(in millions)	Benefit Plans		ABI			Currency Translation Adjustments and Other		Accumulated Other Comprehensive Losses
Balances, December 31, 2020	$	(2,420)	$	(1,938)		$	17	$	(4,341)

Other comprehensive earnings (losses) before reclassifications	—		690			22		712
Deferred income taxes	—		(151)			—		(151)
Other comprehensive earnings (losses) before reclassifications, net of deferred income taxes	—		539			22		561

Amounts reclassified to net earnings	38		(28)			—		10
Deferred income taxes	(10)		6			—		(4)
Amounts reclassified to net earnings, net of deferred income taxes	28		(22)			—		6

Other comprehensive earnings (losses), net of deferred income taxes	28		517		(1)	22		567

Balances, March 31, 2021	$	(2,392)	$	(1,421)		$	39	$	(3,774)


	For the Three Months Ended March 31, 2020
(in millions)	Benefit Plans		ABI			Currency Translation Adjustments and Other		Accumulated Other Comprehensive Losses
Balances, December 31, 2019	$	(2,192)	$	(693)		$	21	$	(2,864)

Other comprehensive earnings (losses) before reclassifications	—		388			12		400
Deferred income taxes	—		(85)			—		(85)
Other comprehensive earnings (losses) before reclassifications, net of deferred income taxes	—		303			12		315

Amounts reclassified to net earnings	28		(7)			—		21
Deferred income taxes	(7)		2			—		(5)
Amounts reclassified to net earnings, net of deferred income taxes	21		(5)			—		16

Other comprehensive earnings (losses), net of deferred income taxes	21		298		(1)	12		331

Balances, March 31, 2020	$	(2,171)	$	(395)		$	33	$	(2,533)

(1) Primarily reflects Altria’s share of ABI’s currency translation adjustments and the impact of Altria’s designated net investment hedges. For further discussion of designated net investment hedges, see Note 4. Financial Instruments.

The following table sets forth pre-tax amounts by component, reclassified from accumulated other comprehensive losses to net earnings:


	For the Three Months Ended March 31,
(in millions)	2021		2020
Benefit Plans: (1)
Net loss	$	43	$	34
Prior service cost/credit	(5)		(6)
	38		28
ABI (2)	(28)		(7)
Pre-tax amounts reclassified from accumulated other comprehensive losses to net earnings	$	10	$	21

(1) Amounts are included in net defined benefit plan costs. For further details, see Note 5. Benefit Plans.

(2) Amounts are included in (income) losses from equity investments. For further information, see Note 3. Investments in Equity Securities.