Segment Reporting (Tables)

12 Months Ended

Dec. 31, 2018

Segment data were as follows:



	For the Years Ended December 31,
(in millions)	2018			2017			2016
Net revenues:
Smokeable products	$	22,297		$	22,636		$	22,851
Smokeless products	2,262			2,155			2,051
Wine	691			698			746
All other	114			87			96
Net revenues	$	25,364		$	25,576		$	25,744
Earnings before income taxes:
Operating companies income (loss):
Smokeable products	$	8,408		$	8,426		$	7,766
Smokeless products	1,431			1,306			1,172
Wine	50			146			164
All other	(421		)	(51		)	(98		)
Amortization of intangibles	(38		)	(21		)	(21		)
General corporate expenses	(315		)	(213		)	(217		)
Corporate asset impairment and exit costs	—			—			(5		)
Operating income	9,115			9,593			8,761
Interest and other debt expense, net	(665		)	(705		)	(747		)
Loss on early extinguishment of debt	—			—			(823		)
Net periodic benefit income (cost), excluding service cost	34			(37		)	1
Earnings from equity investment in AB InBev/SABMiller	890			532			795
(Loss) gain on AB InBev/SABMiller business combination	(33		)	445			13,865
Earnings before income taxes	$	9,341		$	9,828		$	21,852

Schedule of Depreciation Expense and Capital Expenditures of Segments

Details of Altria’s depreciation expense and capital expenditures were as follows:



	For the Years Ended December 31,
(in millions)	2018		2017		2016
Depreciation expense:
Smokeable products	$	90	$	93	$	93
Smokeless products	28		29		26
Wine	40		40		36
General corporate and other	31		26		28
Total depreciation expense	$	189	$	188	$	183
Capital expenditures:
Smokeable products	$	81	$	39	$	55
Smokeless products	73		61		52
Wine	40		53		59
General corporate and other	44		46		23
Total capital expenditures	$	238	$	199	$	189

Schedule of NPM Adjustment Items

For the years ended December 31, 2018, 2017 and 2016, pre-tax (income) expense for NPM adjustment items was recorded in Altria’s consolidated statements of earnings as follows:



(in millions)	2018			2017			2016
Smokeable products segment	$	(145	)	$	(5	)	$	12
Interest and other debt expense, net	—			9			6
Total	$	(145	)	$	4		$	18

Schedule of Pre-tax Tobacco and Health Litigation Charges

For the years ended December 31, 2018, 2017 and 2016, pre-tax charges related to certain tobacco and health litigation items were recorded in Altria’s consolidated statements of earnings as follows:



(in millions)	2018		2017		2016
Smokeable products segment	$	103	$	72	$	88
Smokeless products segment	10		—		—
Interest and other debt expense, net	18		8		17
Total	$	131	$	80	$	105