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Investments in Equity Securities (Tables) | 9 Months Ended
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Sep. 30, 2021
Investments [Abstract] |
Investment | The carrying amount of Altria’s investments consisted of the following:
(in millions) |  | September 30, 2021 |  | December 31, 2020
ABI |  | $ | 11,237 |  |  | $ | 16,651 |
JUUL |  | 1,705 |  |  | 1,705 |
Cronos (1) |  | 932 |  |  | 1,173 |
Total |  | $ | 13,874 |  |  | $ | 19,529 |
(1) Atria’s investment in Cronos at September 30, 2021 consisted of Altria’s equity method investment in Cronos ($897 million), the Cronos warrant ($32 million) and the Fixed-price Preemptive Rights ($3 million), (collectively, “Investment in Cronos”). The Investment in Cronos at December 31, 2020 consisted of Altria’s equity method investment in Cronos ($1,010 million), the Cronos warrant ($139 million) and the Fixed-price Preemptive Rights ($24 million). See below for further discussion.
Equity Method Investments | Income (losses) from equity investments accounted for under the equity method of accounting and fair value option consisted of the following:
| For the Nine Months Ended September 30, |  | For the Three Months Ended September 30,
(in millions) | 2021 |  | 2020 |  | 2021 |  | 2020
ABI (1) | $ | (5,644) |  |  | $ | (306) |  |  | $ | (6,036) |  |  | $ | (418) |
Cronos | (145) |  |  | — |  |  | 21 |  |  | (54) |
Income (losses) from investments under equity method of accounting | (5,789) |  |  | (306) |  |  | $ | (6,015) |  |  | $ | (472) |
JUUL | — |  |  | — |  |  | 100 |  |  | — |
Income (losses) from equity investments | $ | (5,789) |  |  | $ | (306) |  |  | $ | (5,915) |  |  | $ | (472) |
(1) For the nine and three months ended September 30, 2021, Altria recorded a non-cash, pre-tax impairment charge of $6,157 million related to its equity investment in ABI. See below for further discussion.
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation | The following table provides a reconciliation of the beginning and ending balance of Altria’s investment in JUUL, which is classified in Level 3 of the fair value hierarchy:
|  | Investment
(in millions) |  | Balance
Balance at December 31, 2020 |  | $ | 1,705 |
Unrealized gains (losses) included in income (losses) from equity investments |  | — |
Balance at September 30, 2021 |  | $ | 1,705 |

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- Definition Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19279-110258 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258 + Details
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