Other Comprehensive Earnings/Losses |
Other Comprehensive Earnings/Losses:
The following tables set forth the changes in each component of accumulated other comprehensive losses, net of deferred income taxes, attributable to Altria Group, Inc.: | | | | | | | | | | | | | | | | | | | | For the Three Months Ended March 31, 2016 | | | Currency Translation Adjustments | | Benefit Plans | | SABMiller | | Accumulated Other Comprehensive Losses | | | (in millions) | Balances, December 31, 2015 | | $ | (5 | ) | | $ | (2,010 | ) | | $ | (1,265 | ) | | $ | (3,280 | ) | | | | | | | | | | Other comprehensive earnings (losses) before reclassifications | | 1 |
| | (318 | ) | | 182 |
| | (135 | ) | Deferred income taxes | | — |
| | 122 |
| | (64 | ) | | 58 |
| Other comprehensive earnings (losses) before reclassifications, net of deferred income taxes | | 1 |
| | (196 | ) | | 118 |
| | (77 | ) | | | | | | | | | | Amounts reclassified to net earnings | | — |
| | 36 |
| | 12 |
| | 48 |
| Deferred income taxes | | — |
| | (14 | ) | | (4 | ) | | (18 | ) | Amounts reclassified to net earnings, net of deferred income taxes | | — |
| | 22 |
| | 8 |
| | 30 |
| | | | | | | | | | Other comprehensive earnings (losses), net of deferred income taxes | | 1 |
| | (174 | ) | | 126 |
| (1) | (47 | ) | | | | | | | | | | Balances, March 31, 2016 | | $ | (4 | ) | | $ | (2,184 | ) | | $ | (1,139 | ) | | $ | (3,327 | ) |
| | | | | | | | | | | | | | | | | | | | For the Three Months Ended March 31, 2015 | | | Currency Translation Adjustments | | Benefit Plans | | SABMiller | | Accumulated Other Comprehensive Losses | | | (in millions) | Balances, December 31, 2014 | | $ | (2 | ) | | $ | (2,040 | ) | | $ | (640 | ) | | $ | (2,682 | ) | | | | | | | | | | Other comprehensive losses before reclassifications | | (1 | ) | | — |
| | (471 | ) | | (472 | ) | Deferred income taxes | | — |
| | — |
| | 164 |
| | 164 |
| Other comprehensive losses before reclassifications, net of deferred income taxes | | (1 | ) | | — |
| | (307 | ) | | (308 | ) | | | | | | | | | | Amounts reclassified to net earnings | | — |
| | 68 |
| | 4 |
| | 72 |
| Deferred income taxes | | — |
| | (26 | ) | | (1 | ) | | (27 | ) | Amounts reclassified to net earnings, net of deferred income taxes | | — |
| | 42 |
| | 3 |
| | 45 |
| | | | | | | | | | Other comprehensive (losses) earnings, net of deferred income taxes | | (1 | ) | | 42 |
| | (304 | ) | (1) | (263 | ) | | | | | | | | | | Balances, March 31, 2015 | | $ | (3 | ) | | $ | (1,998 | ) | | $ | (944 | ) | | $ | (2,945 | ) |
(1) For the three months ended March 31, 2016 and 2015, Altria Group, Inc.’s proportionate share of SABMiller’s other comprehensive earnings/losses consisted primarily of currency translation adjustments. The following table sets forth pre-tax amounts by component, reclassified from accumulated other comprehensive losses to net earnings: | | | | | | | | | | For the Three Months Ended March 31, | | 2016 | | 2015 | | (in millions) | Benefit Plans: (1) | | | | Net loss | $ | 55 |
| | $ | 76 |
| Prior service cost/credit | (19 | ) | | (8 | ) | | 36 |
| | 68 |
| | | | | SABMiller (2) | 12 |
| | 4 |
| | | | | Pre-tax amounts reclassified from accumulated other comprehensive losses to net earnings | $ | 48 |
| | $ | 72 |
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(1) Amounts are included in net defined benefit plan costs. For further details, see Note 3. Benefit Plans.
(2) Amounts are included in earnings from equity investment in SABMiller.
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