Investments in Equity Securities Investments in Equity Securities (Tables)

6 Months Ended

Jun. 30, 2019

Investments [Abstract]

Investment

Altria’s investments consisted of the following:

	Carrying Amount
	June 30, 2019		December 31, 2018
	(in millions)
ABI	$	17,669	$	17,696
JUUL	12,805		12,800
Cronos (1)	1,620		—
Total	$	32,094	$	30,496

⁽¹⁾ Includes investment in Acquired Common Shares ($544 million), the Cronos warrant ($763 million) and the Fixed-price Preemptive Rights ($313 million) as discussed further below.

Equity Method Investments

Earnings from equity investments accounted for under the equity method of accounting consisted of the following:

	For the Six Months Ended June 30,				For the Three Months Ended June 30,
	2019		2018		2019		2018
	(in millions)
ABI	$	388	$	570	$	302	$	228
Cronos (1)	145		—		145		—
	$	533	$	570	$	447	$	228

⁽¹⁾ Represents Altria’s share of Cronos’s earnings for the period March 8, 2019 through March 31, 2019, substantially all of which relates to mark-to-market gains on Cronos’s derivative financial instruments associated with the issuance of additional shares.