v3.26.1
Goodwill and Other Intangible Assets, net (Tables)
6 Months Ended
Jun. 30, 2026
Intangible Asset, Goodwill and Other [Abstract]  
Intangible Asset and Goodwill
Goodwill and other intangible assets, net, were as follows:
June 30, 2026December 31, 2025
(in millions)GoodwillOther Intangible Assets, netGoodwillOther Intangible Assets, net
Smokeable products segment$99 $2,895 $99 $2,909 
Oral tobacco products segment5,078 8,629 5,078 8,646 
Other610 326 610 
(1)
321 
Total$5,787 $11,850 $5,787 $11,876 
(1) Comprised of e-vapor reporting unit goodwill related to our 2023 acquisition of NJOY.
The changes in goodwill and net carrying amount of intangible assets were as follows:
For the Six Months Ended June 30, 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
 (46)— (132)
Balance at end of period$5,787 $11,850 $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.
Intangible Asset, Indefinite-Lived
Other intangible assets consisted of the following:
June 30, 2026December 31, 2025
(in millions)Gross Carrying AmountAccumulated AmortizationGross Carrying AmountAccumulated Amortization
Indefinite-lived intangible assets
$11,089 $ $11,089 $— 
Definite-lived intangible assets
1,676 915 1,656 869 
Total other intangible assets$12,765 $915 $12,745 $869 
Schedule of Definite-Lived Intangible Assets
Other intangible assets consisted of the following:
June 30, 2026December 31, 2025
(in millions)Gross Carrying AmountAccumulated AmortizationGross Carrying AmountAccumulated Amortization
Indefinite-lived intangible assets
$11,089 $ $11,089 $— 
Definite-lived intangible assets
1,676 915 1,656 869 
Total other intangible assets$12,765 $915 $12,745 $869