Condensed Consolidated Statements of Cash Flows (USD $)
In Millions, unless otherwise specified |
3 Months Ended | |
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Mar. 31, 2015
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Mar. 31, 2014
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Cash Provided by (Used in) Operating Activities | ||
Net earnings | $ 1,018us-gaap_ProfitLoss | $ 1,175us-gaap_ProfitLoss |
Adjustments to reconcile net earnings to operating cash flows: | ||
Depreciation and amortization | 49us-gaap_DepreciationDepletionAndAmortization | 50us-gaap_DepreciationDepletionAndAmortization |
Deferred income tax benefit | (40)us-gaap_DeferredIncomeTaxExpenseBenefit | (13)us-gaap_DeferredIncomeTaxExpenseBenefit |
Earnings from equity investment in SABMiller | (134)us-gaap_IncomeLossFromEquityMethodInvestments | (225)us-gaap_IncomeLossFromEquityMethodInvestments |
Loss on early extinguishment of debt | 228us-gaap_GainsLossesOnExtinguishmentOfDebt | 0us-gaap_GainsLossesOnExtinguishmentOfDebt |
Cash effects of changes: | ||
Receivables, net | 25us-gaap_IncreaseDecreaseInReceivables | 2us-gaap_IncreaseDecreaseInReceivables |
Inventories | (62)us-gaap_IncreaseDecreaseInInventories | (91)us-gaap_IncreaseDecreaseInInventories |
Accounts payable | (166)us-gaap_IncreaseDecreaseInAccountsPayable | (109)us-gaap_IncreaseDecreaseInAccountsPayable |
Income taxes | 541us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable | 601us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable |
Accrued liabilities and other current assets | (117)us-gaap_IncreaseDecreaseInOtherCurrentAssetsAndLiabilitiesNet | (234)us-gaap_IncreaseDecreaseInOtherCurrentAssetsAndLiabilitiesNet |
Accrued settlement charges | 1,051mo_IncreaseDecreaseInSettlementPayable | 919mo_IncreaseDecreaseInSettlementPayable |
Pension plan contributions | (4)us-gaap_PensionContributions | (4)us-gaap_PensionContributions |
Pension provisions and postretirement, net | 25us-gaap_IncreaseDecreaseInPensionAndPostretirementObligations | 11us-gaap_IncreaseDecreaseInPensionAndPostretirementObligations |
Other | 84us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet | 43us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet |
Net cash provided by operating activities | 2,498us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations | 2,125us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations |
Cash Provided by (Used in) Investing Activities | ||
Capital expenditures | (48)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment | (27)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment |
Proceeds from finance assets | 147us-gaap_PaymentsForProceedsFromInvestments | 98us-gaap_PaymentsForProceedsFromInvestments |
Other | 0us-gaap_PaymentsForProceedsFromOtherInvestingActivities | 5us-gaap_PaymentsForProceedsFromOtherInvestingActivities |
Net cash provided by (used in) investing activities | 99us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations | 76us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations |
Cash Used in Financing Activities | ||
Long-term debt repaid | (793)us-gaap_RepaymentsOfLongTermDebt | (525)us-gaap_RepaymentsOfLongTermDebt |
Repurchases of common stock | (192)us-gaap_PaymentsForRepurchaseOfCommonStock | (272)us-gaap_PaymentsForRepurchaseOfCommonStock |
Dividends paid on common stock | (1,026)us-gaap_PaymentsOfDividendsCommonStock | (957)us-gaap_PaymentsOfDividendsCommonStock |
Premium and fees related to early extinguishment of debt | (226)us-gaap_PaymentsOfDebtExtinguishmentCosts | 0us-gaap_PaymentsOfDebtExtinguishmentCosts |
Other | (7)us-gaap_ProceedsFromPaymentsForOtherFinancingActivities | (2)us-gaap_ProceedsFromPaymentsForOtherFinancingActivities |
Cash used in financing activities | (2,244)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations | (1,756)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations |
Cash and cash equivalents: | ||
Increase (decrease) | 353us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease | 445us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease |
Balance at beginning of period | 3,321us-gaap_CashAndCashEquivalentsAtCarryingValue | 3,175us-gaap_CashAndCashEquivalentsAtCarryingValue |
Balance at end of period | $ 3,674us-gaap_CashAndCashEquivalentsAtCarryingValue | $ 3,620us-gaap_CashAndCashEquivalentsAtCarryingValue |
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- Definition
The net change during the period in Settlement payable. No definition available.
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- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of increase (decrease) in cash and cash equivalents. Cash and cash equivalents are the amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Includes effect from exchange rate changes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of deferred income tax expense (benefit) pertaining to income (loss) from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Difference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
This item represents the entity's proportionate share for the period of the net income (loss) of its investee (such as unconsolidated subsidiaries and joint ventures) to which the equity method of accounting is applied. This item includes income or expense related to stock-based compensation based on the investor's grant of stock to employees of an equity method investee. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in the aggregate amount of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the period in the amount due for taxes based on the reporting entity's earnings or attributable to the entity's income earning process (business presence) within a given jurisdiction. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in the aggregate value of all inventory held by the reporting entity, associated with underlying transactions that are classified as operating activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in other current operating assets less other current operating liabilities not separately disclosed in the statement of cash flows. No definition available.
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- Definition
The increase (decrease) during the reporting period in other assets used in operating activities less other operating liabilities used in operating activities not separately disclosed in the statement of cash flows. May include changes in other current assets and liabilities, other noncurrent assets and liabilities, or a combination of other current and noncurrent assets and liabilities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in the amount due to fund pension and non-pension benefits to employees, retired and disabled former employees. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in the total amount due within one year (or one operating cycle) from all parties, associated with underlying transactions that are classified as operating activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The net cash paid (received) associated with the acquisition or disposal of all investments, including securities and other assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The net cash outflow or inflow from other investing activities. This element is used when there is not a more specific and appropriate element in the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow to reacquire common stock during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow for incremental, external costs directly pertaining to an early extinguishment of debt, including legal costs and prepayment penalties, and excluding interest and repayment of debt principal. No definition available.
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- Definition
Amount of cash outflow in the form of ordinary dividends to common shareholders of the parent entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow associated with the acquisition of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale; includes cash outflows to pay for construction of self-constructed assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of cash or cash equivalents contributed by the entity to fund its pension plans. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The net cash inflow or outflow from other financing activities. This element is used when there is not a more specific and appropriate element in the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow for debt initially having maturity due after one year or beyond the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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