XML 66 R47.htm IDEA: XBRL DOCUMENT v3.6.0.2
Quarterly Financial Data (Unaudited) (Tables)
 12 Months Ended
Dec. 31, 2016
Quarterly Financial Data [Abstract]  
Schedule of Quarterly Financial Data
 
2016 Quarters
(in millions, except per share data)
1st

 
2nd

 
3rd

 
4th (1)

Net revenues
$
6,066

 
$
6,521

 
$
6,905

 
$
6,252

Gross profit
$
2,656

 
$
2,957

 
$
3,150

 
$
2,828

Net earnings
$
1,218

 
$
1,654

 
$
1,094

 
$
10,278

Net earnings attributable to Altria Group, Inc.
$
1,217

 
$
1,653

 
$
1,093

 
$
10,276

Per share data:

 

 

 

Basic and diluted EPS attributable to Altria Group, Inc.
$
0.62

 
$
0.84

 
$
0.56

 
$
5.27

 
 
 
 
 
 
 
 
 
2015 Quarters
(in millions, except per share data)
1st

 
2nd

 
3rd

 
4th

Net revenues
$
5,804

 
$
6,613

 
$
6,699

 
$
6,318

Gross profit
$
2,475

 
$
2,871

 
$
3,046

 
$
2,722

Net earnings
$
1,018

 
$
1,449

 
$
1,528

 
$
1,248

Net earnings attributable to Altria Group, Inc.
$
1,018

 
$
1,448

 
$
1,528

 
$
1,247

Per share data:

 

 

 

Basic and diluted EPS attributable to Altria Group, Inc.
$
0.52

 
$
0.74

 
$
0.78

 
$
0.64
Schedule Of Pre-Tax Charges (Gains) Included In Net Earnings
During 2016 and 2015, the following pre-tax charges or (gains) were included in net earnings attributable to Altria Group, Inc.:
 
2016 Quarters
(in millions)
1st

 
2nd

 
3rd

 
4th

NPM Adjustment Items
$
18

 
$
—

 
$
—

 
$
—

Tobacco and health litigation items, including accrued interest
38

 
5

 
45

 
17

Patent litigation settlement
—

 
—

 
—

 
21

Asset impairment, exit, implementation and acquisition-related costs
122

 
5

 
6

 
73

Loss on early extinguishment of debt
—

 
—

 
823

 
—

Gain on AB InBev/SABMiller business combination
(40
)
 
(117
)
 
(48
)
 
(13,660
)
SABMiller special items (1)
166

 
21

 
(40
)
 
(236
)
 
$
304

 
$
(86
)
 
$
786


$
(13,785
)
 
 
 
 
 
 
 
 
 
2015 Quarters
(in millions)
1st

 
2nd

 
3rd

 
4th

NPM Adjustment Items
$
—

 
$
—

 
$
(126
)
 
$
42

Tobacco and health litigation items, including accrued interest
43

 
5

 
67

 
35

Asset impairment, exit and integration costs
—

 
7

 
1

 
3

Loss on early extinguishment of debt
228

 
—

 
—

 
—

Gain on AB InBev/SABMiller business combination
—

 
—

 
—

 
(5
)
SABMiller special items
86

 
2

 
8

 
30

 
$
357

 
$
14

 
$
(50
)
 
$
105


(1) During the fourth quarter of 2016, Altria Group, Inc. recorded a non-cash gain, reflecting its share of SABMiller’s increase to shareholders’ equity, resulting from the third quarter of 2016 completion of the SABMiller, The Coca-Cola Company and Gutsche Family Investments transaction, combining bottling operations in Africa. The gain was included in earnings from equity investment in SABMiller, and increased Altria Group, Inc.’s earnings before income taxes ($309 million), net earnings ($201 million), net earnings attributable to Altria Group, Inc. ($201 million) and diluted EPS attributable to Altria Group, Inc. ($0.10) in the fourth quarter of 2016. The impact of recording the gain in the fourth quarter of 2016 rather than the third quarter of 2016 was not material to Altria Group, Inc.’s financial statements in either quarter.