v3.26.1
Goodwill and Other Intangible Assets, net (Tables)
3 Months Ended
Mar. 31, 2026
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets and Goodwill
Goodwill and other intangible assets, net, were as follows:
March 31, 2026December 31, 2025
(in millions)GoodwillOther Intangible Assets, netGoodwillOther Intangible Assets, net
Smokeable products segment$99 $2,902 $99 $2,909 
Oral tobacco products segment5,078 8,637 5,078 8,646 
Other (1)
610 334 610 321 
Total$5,787 $11,873 $5,787 $11,876 
(1) Comprised primarily of e-vapor reporting unit goodwill and definite-lived intangible assets related to our 2023 acquisition of NJOY.
The changes in goodwill and net carrying amount of intangible assets were as follows:
For the Three Months Ended March 31, 2026For the Year Ended
December 31, 2025
(in millions)GoodwillOther Intangible Assets, netGoodwillOther Intangible Assets, net
Balance at January 1
$5,787 $11,876 $6,945 $12,973 
Changes due to:
   Acquisitions 20 — 
   Impairments
  (1,158)
(1)
(970)
   Amortization
 (23)— (132)
Balance at end of period$5,787 $11,873 $5,787 $11,876 
(1) Comprised of non-cash goodwill impairments of $873 million and $285 million recorded in the first and fourth quarters of 2025, respectively.
Schedule of Indefinite-Lived Intangible Assets
Other intangible assets consisted of the following:
March 31, 2026December 31, 2025
(in millions)Gross Carrying AmountAccumulated AmortizationGross Carrying AmountAccumulated Amortization
Indefinite-lived intangible assets
$11,089 $ $11,089 $— 
Definite-lived intangible assets
1,676 892 1,656 869 
Total other intangible assets$12,765 $892 $12,745 $869 
Schedule of Definite-Lived Intangible Assets
Other intangible assets consisted of the following:
March 31, 2026December 31, 2025
(in millions)Gross Carrying AmountAccumulated AmortizationGross Carrying AmountAccumulated Amortization
Indefinite-lived intangible assets
$11,089 $ $11,089 $— 
Definite-lived intangible assets
1,676 892 1,656 869 
Total other intangible assets$12,765 $892 $12,745 $869