XML 43 R29.htm IDEA: XBRL DOCUMENT v3.5.0.2
Segment Reporting (Tables)
 9 Months Ended
Sep. 30, 2016
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
Segment data were as follows: 
 
 
For the Nine Months Ended September 30,
 
For the Three Months Ended September 30,
 
 
2016
 
2015
 
2016
 
2015
 
 
(in millions)
Net revenues:
 
 
 
 
 
 
 
 
Smokeable products
 
$
17,398

 
$
17,235

 
$
6,147

 
$
6,040

Smokeless products
 
1,530

 
1,393

 
528

 
482

Wine
 
498

 
461

 
182

 
166

All other
 
66

 
27

 
48

 
11

Net revenues
 
$
19,492

 
$
19,116

 
$
6,905

 
$
6,699

Earnings before income taxes:
 
 
 
 
 
 
 
 
Operating companies income (loss):
 
 
 
 
 
 
 
 
Smokeable products
 
$
5,955

 
$
5,831

 
$
2,086

 
$
2,121

Smokeless products
 
930

 
830

 
312

 
286

Wine
 
100

 
97

 
38

 
35

All other
 
(46
)
 
(139
)
 
8

 
(35
)
Amortization of intangibles
 
(15
)
 
(16
)
 
(5
)
 
(6
)
General corporate expenses
 
(150
)
 
(166
)
 
(57
)
 
(53
)
Reduction of PMI tax-related receivable
 
—

 
(41
)
 
—

 
(41
)
Corporate asset impairment and exit costs
 
(5
)
 
—

 
—

 
—

Operating income
 
6,769

 
6,396

 
2,382

 
2,307

Interest and other debt expense, net
 
(571
)
 
(609
)
 
(179
)
 
(205
)
Loss on early extinguishment of debt
 
(823
)
 
(228
)
 
(823
)
 
—

Earnings from equity investment in SABMiller
 
564

 
546

 
299

 
187

Gain on derivative financial instruments
 
205

 
—

 
48

 
—

Earnings before income taxes
 
$
6,144

 
$
6,105

 
$
1,727

 
$
2,289
Schedule of NPM Adjustment Items
Non-Participating Manufacturer (“NPM”) Adjustment Items - Pre-tax expense (income) for NPM adjustment items was recorded in Altria Group, Inc.’s condensed consolidated statements of earnings as follows:
 
 
For the Nine Months Ended September 30,
 
For the Three Months Ended September 30,
 
 
2016
 
2015
 
2016
 
2015
 
 
(in millions)
Smokeable products segment
 
$
12

 
$
(126
)
 
$
—

 
$
(126
)
Interest and other debt expense, net
 
6

 
—

 
—

 
—

Total
 
$
18

 
$
(126
)
 
$
—

 
$
(126
)
Schedule of Pre-tax Tobacco and Health Litigation Items
Tobacco and Health Litigation Items - Pre-tax charges related to certain tobacco and health litigation items were recorded in Altria Group, Inc.’s condensed consolidated statements of earnings as follows:
 
 
For the Nine Months Ended September 30,
 
For the Three Months Ended September 30,
 
 
2016
 
2015
 
2016
 
2015
 
 
(in millions)
Smokeable products segment
 
$
72

 
$
102

 
$
45

 
$
54

Interest and other debt expense, net
 
16

 
13

 
—

 
13

Total
 
$
88

 
$
115

 
$
45

 
$
67