Segment Reporting (Tables)

12 Months Ended

Dec. 31, 2019

Segment data were as follows:



	For the Years Ended December 31,
(in millions)	2019			2018			2017
Net revenues:
Smokeable products	$	21,996		$	22,297		$	22,636
Smokeless products	2,367			2,262			2,155
Wine	689			691			698
All other	58			114			87
Net revenues	$	25,110		$	25,364		$	25,576
Earnings (losses) before income taxes:
Operating companies income (loss):
Smokeable products	$	9,009		$	8,408		$	8,426
Smokeless products	1,580			1,431			1,306
Wine	(3		)	50			146
All other	(16		)	(421		)	(51		)
Amortization of intangibles	(44		)	(38		)	(21		)
General corporate expenses	(199		)	(315		)	(213		)
Corporate asset impairment and exit costs	(1		)	—			—
Operating income	10,326			9,115			9,593
Interest and other debt expense, net	(1,280		)	(665		)	(705		)
Net periodic benefit income (cost), excluding service cost	37			34			(37		)
Earnings from equity investments	1,725			890			532
Impairment of JUUL equity securities	(8,600		)	—			—
Loss on Cronos-related financial instruments	(1,442		)	—			—
Gain (loss) on ABI/SABMiller business combination	—			(33		)	445
Earnings (losses) before income taxes	$	766		$	9,341		$	9,828

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)	2019		2018		2017
Depreciation expense:
Smokeable products	$	88	$	90	$	93
Smokeless products	27		28		29
Wine	41		40		40
General corporate and other	26		31		26
Total depreciation expense	$	182	$	189	$	188
Capital expenditures:
Smokeable products	$	61	$	81	$	39
Smokeless products	44		73		61
Wine	63		40		53
General corporate and other	78		44		46
Total capital expenditures	$	246	$	238	$	199

Schedule of NPM Adjustment Items

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



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

Schedule of Pre-tax Tobacco and Health Litigation Charges

For the years ended December 31, 2019, 2018 and 2017, pre-tax charges related to certain tobacco and health litigation items were recorded in Altria’s consolidated statements of earnings (losses) as follows:



(in millions)	2019		2018		2017
Smokeable products segment	$	72	$	103	$	72
Smokeless products segment	—		10		—
Interest and other debt expense, net	5		18		8
Total	$	77	$	131	$	80