XML 26 R13.htm IDEA: XBRL DOCUMENT v3.21.2
Benefit Plans
6 Months Ended
Jun. 30, 2021
Retirement Benefits [Abstract]  
Benefit Plans Benefit Plans
Components of Net Periodic Benefit (Income) Cost
Net periodic benefit (income) cost consisted of the following:
PensionPostretirementPensionPostretirement
For the Six Months Ended June 30,For the Three Months Ended June 30,
 (in millions)20212020202120202021202020212020
Service cost$34 $37 $10 $$17 $18 $5 $
Interest cost93 126 21 30 47 63 10 15 
Expected return on plan assets
(262)(251)(8)(7)(131)(125)(4)(4)
Amortization:
Net loss66 53 14 33 26 7 
Prior service cost (credit)
2 (15)(15)1 (9)(8)
Net periodic benefit
(income) cost
$(67)$(33)$22 $23 $(33)$(17)$9 $11 
Employer Contributions
Altria makes contributions to the pension plans to the extent that the contributions are tax deductible and pays benefits that relate to plans for salaried employees that cannot be funded under Internal Revenue Service regulations. Altria made employer contributions of $6 million to its pension plans and did not make any contributions to its postretirement plans during the six months ended June 30, 2021. Currently, Altria anticipates making additional employer contributions to its pension and postretirement plans of up to approximately $25 million and $60 million, respectively, in 2021. However, the foregoing estimates of 2021 contributions to the pension and postretirement plans are subject to change as a result of changes in tax and other benefit laws, changes in interest rates, as well as asset performance significantly above or below the assumed long-term rate of return for each respective plan.
During the second quarter of 2021, Altria announced several amendments to its salaried retiree healthcare plans, primarily changing its post-age 65 coverage to a private medicare marketplace. These amendments triggered a plan remeasurement as of May 31, 2021 and resulted in Altria recording a reduction of $432 million to its accrued postretirement health care costs liability and a corresponding reduction to its accumulated other comprehensive losses on its condensed consolidated balance sheet at June 30, 2021. Ongoing amortization has been adjusted to reflect these changes as of June 1, 2021 and is reflected in the amounts shown above.