XML 47 R34.htm IDEA: XBRL DOCUMENT
v3.24.2

Other Comprehensive Earnings/Losses (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2024
Equity [Abstract] |
Schedule of Accumulated Other Comprehensive Income (Loss) | Changes in each component of accumulated other comprehensive losses, net of deferred income taxes, attributable to Altria were as follows:
|  | For the Six Months Ended June 30, 2024
(in millions) |  | Benefit Plans |  | ABI |  | Currency Translation Adjustments and Other |  | Accumulated Other Comprehensive Losses
Balances, December 31, 2023 |  | $ | (1,493) |  |  | $ | (1,195) |  |  | $ | 15 |  |  | $ | (2,673) |
Other comprehensive earnings (losses) before reclassifications |  | — |  |  | 243 |  |  | (2) |  |  | 241 |
Deferred income taxes |  | — |  |  | (54) |  |  | — |  |  | (54) |
Other comprehensive earnings (losses) before reclassifications, net of deferred income taxes |  | — |  |  | 189 |  |  | (2) |  |  | 187 |
Amounts reclassified to net earnings |  | (3) |  |  | 257 |  |  | — |  |  | 254 |
Deferred income taxes |  | 1 |  |  | (52) |  |  | — |  |  | (51) |
Amounts reclassified to net earnings, net of deferred income taxes |  | (2) |  |  | 205 |  |  | — |  |  | 203 |
Other comprehensive earnings (losses), net of deferred income taxes |  | (2) |  |  | 394 |  | (1) | (2) |  |  | 390 |
Balances, June 30, 2024 |  | $ | (1,495) |  |  | $ | (801) |  |  | $ | 13 |  |  | $ | (2,283) |
|  | For the Three Months Ended June 30, 2024
(in millions) |  | Benefit Plans |  | ABI |  | Currency Translation Adjustments and Other |  | Accumulated Other Comprehensive Losses
Balances, March 31, 2024 |  | $ | (1,494) |  |  | $ | (793) |  |  | $ | 21 |  |  | $ | (2,266) |
Other comprehensive earnings (losses) before reclassifications |  | — |  |  | (11) |  |  | (8) |  |  | (19) |
Deferred income taxes |  | — |  |  | 1 |  |  | — |  |  | 1 |
Other comprehensive earnings (losses) before reclassifications, net of deferred income taxes |  | — |  |  | (10) |  |  | (8) |  |  | (18) |
Amounts reclassified to net earnings |  | (1) |  |  | 2 |  |  | — |  |  | 1 |
Deferred income taxes |  | — |  |  | — |  |  | — |  |  | — |
Amounts reclassified to net earnings, net of deferred income taxes |  | (1) |  |  | 2 |  |  | — |  |  | 1 |
Other comprehensive earnings (losses), net of deferred income taxes |  | (1) |  |  | (8) |  | (1) | (8) |  |  | (17) |
Balances, June 30, 2024 |  | $ | (1,495) |  |  | $ | (801) |  |  | $ | 13 |  |  | $ | (2,283) |
|  | For the Six Months Ended June 30, 2023
(in millions) |  | Benefit Plans |  | ABI |  | Currency Translation Adjustments and Other |  | Accumulated Other Comprehensive Losses
Balances, December 31, 2022 |  | $ | (1,436) |  |  | $ | (1,369) |  |  | $ | 34 |  |  | $ | (2,771) |
Other comprehensive earnings (losses) before reclassifications |  | — |  |  | 72 |  |  | 7 |  |  | 79 |
Deferred income taxes |  | — |  |  | (13) |  |  | — |  |  | (13) |
Other comprehensive earnings (losses) before reclassifications, net of deferred income taxes |  | — |  |  | 59 |  |  | 7 |  |  | 66 |
Amounts reclassified to net earnings |  | (14) |  |  | 9 |  |  | — |  |  | (5) |
Deferred income taxes |  | 3 |  |  | (2) |  |  | — |  |  | 1 |
Amounts reclassified to net earnings, net of deferred income taxes |  | (11) |  |  | 7 |  |  | — |  |  | (4) |
Other comprehensive earnings (losses), net of deferred income taxes |  | (11) |  |  | 66 |  | (1) | 7 |  |  | 62 |
Balances, June 30, 2023 |  | $ | (1,447) |  |  | $ | (1,303) |  |  | $ | 41 |  |  | $ | (2,709) |
|  | For the Three Months Ended June 30, 2023
(in millions) |  | Benefit Plans |  | ABI |  | Currency Translation Adjustments and Other |  | Accumulated Other Comprehensive Losses
Balances, March 31, 2023 |  | $ | (1,442) |  |  | $ | (1,381) |  |  | $ | 44 |  |  | $ | (2,779) |
Other comprehensive earnings (losses) before reclassifications |  | — |  |  | 90 |  |  | (3) |  |  | 87 |
Deferred income taxes |  | — |  |  | (18) |  |  | — |  |  | (18) |
Other comprehensive earnings (losses) before reclassifications, net of deferred income taxes |  | — |  |  | 72 |  |  | (3) |  |  | 69 |
Amounts reclassified to net earnings |  | (6) |  |  | 8 |  |  | — |  |  | 2 |
Deferred income taxes |  | 1 |  |  | (2) |  |  | — |  |  | (1) |
Amounts reclassified to net earnings, net of deferred income taxes |  | (5) |  |  | 6 |  |  | — |  |  | 1 |
Other comprehensive earnings (losses), net of deferred income taxes |  | (5) |  |  | 78 |  | (1) | (3) |  |  | 70 |
Balances, June 30, 2023 |  | $ | (1,447) |  |  | $ | (1,303) |  |  | $ | 41 |  |  | $ | (2,709) |
(1) Primarily reflects our share of ABI’s currency translation adjustments and the impact of our designated net investment hedges related to our investment in ABI. For further discussion of designated net investment hedges, see Note 7. Financial Instruments.
Reclassification out of Accumulated Other Comprehensive Income | Pre-tax amounts by component, reclassified from accumulated other comprehensive losses to net earnings were as follows:
|  | For the Six Months Ended June 30, |  | For the Three Months Ended June 30,
(in millions) |  | 2024 |  | 2023 |  | 2024 |  | 2023
Benefit Plans: (1) |  |  |  |  |  |  |  |
Net loss |  | $ | 14 |  |  | $ | 3 |  |  | $ | 7 |  |  | $ | 2 |
Prior service cost/credit |  | (17) |  |  | (17) |  |  | (8) |  |  | (8) |
|  | (3) |  |  | (14) |  |  | (1) |  |  | (6) |
ABI (2) |  | 257 |  |  | 9 |  |  | 2 |  |  | 8 |
Pre-tax amounts reclassified from accumulated other comprehensive losses to net earnings |  | $ | 254 |  |  | $ | (5) |  |  | $ | 1 |  |  | $ | 2 |
(1) Amounts are included in net periodic benefit income, excluding service cost. For further details, see Note 8. Benefit Plans. (2) Amounts are included in (income) losses from investments in equity securities. For the six months ended June 30, 2024, as a result of the ABI Transaction, we reclassified $243 million from our accumulated other comprehensive losses of which $285 million is directly attributable to ABI, partially offset by $42 million from our designated net investment hedges related to our investment in ABI. For further information, see Note 6. Investments in Equity Securities and Note 7. Financial Instruments.

X
- References No definition available. + Details
Name: | us-gaap_EquityAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information about items reclassified out of accumulated other comprehensive income (loss). + References No definition available. + Details
Name: | us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of accumulated other comprehensive income (loss). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14A -Publisher FASB -URI https://asc.fasb.org/1943274/2147482790/220-10-45-14A Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 830 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481674/830-30-50-1 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 830 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 20 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481694/830-30-45-20 + Details
Name: | us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration