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v3.23.3

Investments in Equity Securities (Tables) | 9 Months Ended
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Sep. 30, 2023
Investments [Abstract] |
Investment | The carrying amount of our current and former investments consisted of the following:
(in millions) |  | September 30, 2023 |  | December 31, 2022
ABI |  | $ | 9,563 |  |  | $ | 8,975 |
Cronos |  | 344 |  |  | 375 |
JUUL |  | — |  |  | 250 |
Total |  | $ | 9,907 |  |  | $ | 9,600 |
(Income) losses from our current and former investments in equity securities consisted of the following:
| For the Nine Months Ended September 30, |  | For the Three Months Ended September 30, |
(in millions) | 2023 | 2022 | 2023 | 2022
ABI (1) | $ | (401) |  |  | $ | 2,155 |  |  | $ | (61) |  |  | $ | 2,367 |  |
Cronos (1) | 46 |  |  | 197 |  |  | 3 |  |  | 11 |  |
(Income) losses from investments under equity method of accounting | (355) |  |  | 2,352 |  |  | (58) |  |  | 2,378 |  |
JUUL | 250 |  | (2) | 1,355 |  | (3) | — |  |  | 100 |  | (3)
(Income) losses from investments in equity securities | $ | (105) |  |  | $ | 3,707 |  |  | $ | (58) |  |  | $ | 2,478 |  |
(1) Includes our share of amounts recorded by our investees and additional adjustments, if required, related to (i) the conversion from international financial reporting standards to United States generally accepted accounting principles (“GAAP”) and (ii) adjustments to our investments required under the equity method of accounting. (2) Represents loss as a result of the disposition of our JUUL equity securities discussed below. (3) Represents the estimated change in fair value. Prior to the disposition of our JUUL equity securities on March 3, 2023, we accounted for our former investment in JUUL as an investment in an equity security measured at fair value.

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- Definition Tabular disclosure of investment. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//320/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Topic 321 -Publisher FASB -URI https://asc.fasb.org//321/tableOfContent Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Topic 325 -Publisher FASB -URI https://asc.fasb.org//325/tableOfContent + Details
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