v3.25.1
Goodwill and Other Intangible Assets, net (Tables)
3 Months Ended
Mar. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets and Goodwill
Goodwill and other intangible assets, net, were as follows:
March 31, 2025December 31, 2024
(in millions)GoodwillOther Intangible Assets, netGoodwillOther Intangible Assets, net
Smokeable products segment$99 $2,930 $99 $2,936 
Oral tobacco products segment5,078 8,670 5,078 8,679 
Other (1)
895 1,336 1,768 1,358 
Total$6,072 $12,936 $6,945 $12,973 
The changes in goodwill and net carrying amount of intangible assets were as follows:
For the Three Months EndedFor the Year Ended
March 31, 2025December 31, 2024
(in millions)GoodwillOther Intangible Assets, netGoodwillOther Intangible Assets, net
Balance at January 1
$6,945 $12,973 $6,791 $13,686 
Changes due to:
   Acquisitions (1)
  154 (220)
   Impairments (2)
(873) — (354)
   Amortization
 (37)— (139)
Balance at end of period$6,072 $12,936 $6,945 $12,973 
(1) Amounts represent the measurement period adjustments related to the NJOY Transaction.
(2) The 2025 amount represents a non-cash impairment of our e-vapor reporting unit goodwill. The 2024 amount represents a non-cash, pre-tax impairment of the Skoal trademark.
Schedule of Indefinite-Lived Intangible Assets
Other intangible assets consisted of the following:
March 31, 2025December 31, 2024
(in millions)Gross Carrying AmountAccumulated AmortizationGross Carrying AmountAccumulated Amortization
Indefinite-lived intangible assets
$11,089 $ $11,089 $— 
Definite-lived intangible assets
2,621 774 2,621 737 
Total other intangible assets$13,710 $774 $13,710 $737 
Schedule of Finite-Lived Intangible Assets
Other intangible assets consisted of the following:
March 31, 2025December 31, 2024
(in millions)Gross Carrying AmountAccumulated AmortizationGross Carrying AmountAccumulated Amortization
Indefinite-lived intangible assets
$11,089 $ $11,089 $— 
Definite-lived intangible assets
2,621 774 2,621 737 
Total other intangible assets$13,710 $774 $13,710 $737