| Other Comprehensive Earnings/Losses |
Other Comprehensive Earnings/Losses 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, 2025 | | (in millions) | | Benefit Plans | | ABI | | Currency Translation Adjustments | | Accumulated
Other
Comprehensive
Losses | | Balances, December 31, 2024 | | $ | (1,392) | | | $ | (1,018) | | | $ | 10 | | | $ | (2,400) | | | | | | | | | | | Other comprehensive earnings (losses) before reclassifications | | — | | | (510) | | | (20) | | | (530) | | | Deferred income taxes | | — | | | 118 | | | — | | | 118 | | Other comprehensive earnings (losses) before reclassifications, net of deferred income taxes | | — | | | (392) | | | (20) | | | (412) | | | | | | | | | | | | Amounts reclassified to net earnings | | 4 | | | (28) | | | — | | | (24) | | | Deferred income taxes | | (1) | | | 6 | | | — | | | 5 | | | Amounts reclassified to net earnings, net of deferred income taxes | | 3 | | | (22) | | | — | | | (19) | | | | | | | | | | | | Other comprehensive earnings (losses), net of deferred income taxes | | 3 | | | (414) | | (1) | (20) | | | (431) | | | | | | | | | | | | Balances, June 30, 2025 | | $ | (1,389) | | | $ | (1,432) | | | $ | (10) | | | $ | (2,831) | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | For the Three Months Ended June 30, 2025 | | (in millions) | | Benefit Plans | | ABI | | Currency Translation Adjustments | | Accumulated
Other
Comprehensive
Losses | Balances, March 31, 2025 | | $ | (1,391) | | | $ | (1,287) | | | $ | (13) | | | $ | (2,691) | | | | | | | | | | | Other comprehensive earnings (losses) before reclassifications | | — | |
| (179) | | | 3 | | | (176) | | | Deferred income taxes | | — | | | 45 | | | — | | | 45 | | Other comprehensive earnings (losses) before reclassifications, net of deferred income taxes | | — | | | (134) | | | 3 | | | (131) | | | | | | | | | | | | Amounts reclassified to net earnings | | 2 | | | (14) | | | — | | | (12) | | | Deferred income taxes | | — | | | 3 | | | — | | | 3 | | | Amounts reclassified to net earnings, net of deferred income taxes | | 2 | | | (11) | | | — | | | (9) | | | | | | | | | | | | Other comprehensive earnings (losses), net of deferred income taxes | | 2 | | | (145) | | (1) | 3 | | | (140) | | | | | | | | | | | | Balances, June 30, 2025 | | $ | (1,389) | | | $ | (1,432) | | | $ | (10) | | | $ | (2,831) | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | For the Six Months Ended June 30, 2024 | | (in millions) | | Benefit Plans | | ABI | | Currency Translation Adjustments | | 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 | | 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) | |
(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. 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) | | 2025 | | 2024 | | 2025 | | 2024 | Benefit Plans: (1) | | | | | | | | | | Net loss | | $ | 22 | | | $ | 14 | | | $ | 11 | | | $ | 7 | | | Prior service credit | | (18) | | | (17) | | | (9) | | | (8) | | | | 4 | | | (3) | | | 2 | | | (1) | | ABI (2) | | (28) | | | 257 | | | (14) | | | 2 | | | | | | | | | | | | Pre-tax amounts reclassified from accumulated other comprehensive losses to net earnings | | $ | (24) | | | $ | 254 | | | $ | (12) | | | $ | 1 | |
(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.
|