Investment In SABMiller

12 Months Ended

Dec. 31, 2012

Earnings (Losses) of Noncontrolling Interest and Equity Method Investments [Abstract]

Equity Method Investments and Joint Ventures Disclosure [Text Block]

Investment in SABMiller

At December 31, 2012, Altria Group, Inc. held approximately 26.9% of the economic and voting interest of SABMiller. Altria Group, Inc. accounts for its investment in SABMiller under the equity method of accounting.

Pre-tax earnings from Altria Group, Inc.'s equity investment in SABMiller consisted of the following:

	For the Years Ended December 31,
(in millions)	2012		2011		2010
Equity earnings	$	1,181	$	703	$	578
Gains resulting from issuances
of common stock
by SABMiller	43		27		50
	$	1,224	$	730	$	628

Altria Group, Inc.'s equity earnings for the year ended December 31, 2012 included its share of pre-tax non-cash gains of $342 million resulting from SABMiller's strategic alliance transactions with Anadolu Efes and Castel.

Summary financial data of SABMiller is as follows:

	At December 31,
(in millions)	2012		2011
Current assets	$	5,742	$	5,967
Long-term assets	$	51,733	$	46,438
Current liabilities	$	8,944	$	7,591
Long-term liabilities	$	22,000	$	22,521
Non-controlling interests	$	1,105	$	1,013

	For the Years Ended December 31,
(in millions)	2012		2011		2010
Net revenues	$	23,449	$	20,780	$	18,981
Operating profit	$	5,243	$	3,603	$	2,821
Net earnings	$	4,362	$	2,596	$	2,133

The fair value of Altria Group, Inc.'s equity investment in SABMiller is based on unadjusted quoted prices in active markets and is classified in level 1 of the fair value hierarchy. The fair value of Altria Group, Inc.'s equity investment in SABMiller at December 31, 2012 and 2011, was $19.8 billion and $15.2 billion, respectively, as compared with its carrying value of $6.6 billion and $5.5 billion, respectively.