Other Comprehensive Earnings/Losses (Tables)

6 Months Ended

Jun. 30, 2021

Equity [Abstract]

Schedule of Accumulated Other Comprehensive Income (Loss)

The following tables set forth the changes in each component of accumulated other comprehensive losses, net of deferred income taxes, attributable to Altria:

	For the Six Months Ended June 30, 2021
(in millions)	Benefit Plans			ABI			Currency Translation Adjustments and Other		Accumulated Other Comprehensive Losses
Balances, December 31, 2020	$	(2,420)		$	(1,938)		$	17	$	(4,341)
Other comprehensive earnings (losses) before reclassifications	432		(1)	470			29		931
Deferred income taxes	(109)			(103)			—		(212)
Other comprehensive earnings (losses) before reclassifications, net of deferred income taxes	323			367			29		719
Amounts reclassified to net earnings	72			(42)			(1)		29
Deferred income taxes	(18)			9			—		(9)
Amounts reclassified to net earnings, net of deferred income taxes	54			(33)			(1)		20
Other comprehensive earnings (losses), net of deferred income taxes	377			334		(2)	28		739
Balances, June 30, 2021	$	(2,043)		$	(1,604)		$	45	$	(3,602)

	For the Three Months Ended June 30, 2021
(in millions)	Benefit Plans			ABI			Currency Translation Adjustments and Other		Accumulated Other Comprehensive Losses
Balances, March 31, 2021	$	(2,392)		$	(1,421)		$	39	$	(3,774)
Other comprehensive earnings (losses) before reclassifications	432		(1)	(220)			7		219
Deferred income taxes	(109)			48			—		(61)
Other comprehensive earnings (losses) before reclassifications, net of deferred income taxes	323			(172)			7		158
Amounts reclassified to net earnings (losses)	34			(14)			(1)		19
Deferred income taxes	(8)			3			—		(5)
Amounts reclassified to net earnings (losses), net of deferred income taxes	26			(11)			(1)		14
Other comprehensive earnings (losses), net of deferred income taxes	349			(183)		(2)	6		172
Balances, June 30, 2021	$	(2,043)		$	(1,604)		$	45	$	(3,602)

	For the Six Months Ended June 30, 2020
(in millions)	Benefit Plans		ABI			Currency Translation Adjustments and Other		Accumulated Other Comprehensive Losses
Balances, December 31, 2019	$	(2,192)	$	(693)		$	21	$	(2,864)
Other comprehensive earnings (losses) before reclassifications	—		(1,140)			(39)		(1,179)
Deferred income taxes	—		238			—		238
Other comprehensive earnings (losses) before reclassifications, net of deferred income taxes	—		(902)			(39)		(941)
Amounts reclassified to net earnings	56		(15)			—		41
Deferred income taxes	(14)		4			—		(10)
Amounts reclassified to net earnings, net of deferred income taxes	42		(11)			—		31
Other comprehensive earnings (losses), net of deferred income taxes	42		(913)		(2)	(39)		(910)
Balances, June 30, 2020	$	(2,150)	$	(1,606)		$	(18)	$	(3,774)

	For the Three Months Ended June 30, 2020
(in millions)	Benefit Plans		ABI			Currency Translation Adjustments and Other		Accumulated Other Comprehensive Losses
Balances, March 31, 2020	$	(2,171)	$	(395)		$	33	$	(2,533)
Other comprehensive earnings (losses) before reclassifications	—		(1,528)			(51)		(1,579)
Deferred income taxes	—		323			—		323
Other comprehensive earnings (losses) before reclassifications, net of deferred income taxes	—		(1,205)			(51)		(1,256)
Amounts reclassified to net earnings (losses)	28		(8)			—		20
Deferred income taxes	(7)		2			—		(5)
Amounts reclassified to net earnings (losses), net of deferred income taxes	21		(6)			—		15
Other comprehensive earnings (losses), net of deferred income taxes	21		(1,211)		(2)	(51)		(1,241)
Balances, June 30, 2020	$	(2,150)	$	(1,606)		$	(18)	$	(3,774)

(1) Reflects the remeasurement impact of salaried retiree healthcare plan amendments. For further discussion, see Note 5. Benefit Plans.

(2) Primarily reflects Altria’s share of ABI’s currency translation adjustments and the impact of Altria’s designated net investment hedges. For further discussion of designated net investment hedges, see Note 4. Financial Instruments.

Reclassification out of Accumulated Other Comprehensive Income

The following table sets forth pre-tax amounts by component, reclassified from accumulated other comprehensive losses to net earnings:

	For the Six Months Ended June 30,				For the Three Months Ended June 30,
(in millions)	2021		2020		2021		2020
Benefit Plans: (1)
Net loss	$	85	$	69	$	42	$	35
Prior service cost/credit	(13)		(13)		(8)		(7)
	72		56		34		28
ABI (2)	(42)		(15)		(14)		(8)
Currency Translation Adjustments and Other (2)	(1)		—		(1)		—
Pre-tax amounts reclassified from accumulated other comprehensive losses to net earnings	$	29	$	41	$	19	$	20

(1) Amounts are included in net defined benefit plan costs. For further information related to defined benefit plans, see Note 5. Benefit Plans.

(2) Amounts are included in (income) losses from equity investments. For further information related to equity investments, see Note 3. Investments in Equity Securities.