Other Comprehensive Earnings/Losses (Tables)

9 Months Ended

Sep. 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 Nine Months Ended September 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)	685			35		1,152
Deferred income taxes	(118)			(151)			—		(269)
Other comprehensive earnings (losses) before reclassifications, net of deferred income taxes	314			534			35		883
Amounts reclassified to net earnings (losses)	92			(49)			(2)		41
Deferred income taxes	(23)			10			—		(13)
Amounts reclassified to net earnings (losses), net of deferred income taxes	69			(39)			(2)		28
Other comprehensive earnings (losses), net of deferred income taxes	383			495		(2)	33		911
Balances, September 30, 2021	$	(2,037)		$	(1,443)		$	50	$	(3,430)

	For the Three Months Ended September 30, 2021
(in millions)	Benefit Plans		ABI			Currency Translation Adjustments and Other		Accumulated Other Comprehensive Losses
Balances, June 30, 2021	$	(2,043)	$	(1,604)		$	45	$	(3,602)
Other comprehensive earnings (losses) before reclassifications	—		215			6		221
Deferred income taxes	(9)		(48)			—		(57)
Other comprehensive earnings (losses) before reclassifications, net of deferred income taxes	(9)		167			6		164
Amounts reclassified to net earnings (losses)	20		(7)			(1)		12
Deferred income taxes	(5)		1			—		(4)
Amounts reclassified to net earnings (losses), net of deferred income taxes	15		(6)			(1)		8
Other comprehensive earnings (losses), net of deferred income taxes	6		161		(2)	5		172
Balances, September 30, 2021	$	(2,037)	$	(1,443)		$	50	$	(3,430)

	For the Nine Months Ended September 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	(75)		(1,211)			(16)		(1,302)
Deferred income taxes	19		260			—		279
Other comprehensive earnings (losses) before reclassifications, net of deferred income taxes	(56)		(951)			(16)		(1,023)
Amounts reclassified to net earnings (losses)	111		29			—		140
Deferred income taxes	(28)		(6)			—		(34)
Amounts reclassified to net earnings (losses), net of deferred income taxes	83		23			—		106
Other comprehensive earnings (losses), net of deferred income taxes	27		(928)		(2)	(16)		(917)
Balances, September 30, 2020	$	(2,165)	$	(1,621)		$	5	$	(3,781)

	For the Three Months Ended September 30, 2020
(in millions)	Benefit Plans		ABI			Currency Translation Adjustments and Other		Accumulated Other Comprehensive Losses
Balances, June 30, 2020	$	(2,150)	$	(1,606)		$	(18)	$	(3,774)
Other comprehensive earnings (losses) before reclassifications	(75)		(71)			23		(123)
Deferred income taxes	19		22			—		41
Other comprehensive earnings (losses) before reclassifications, net of deferred income taxes	(56)		(49)			23		(82)
Amounts reclassified to net earnings (losses)	55		44			—		99
Deferred income taxes	(14)		(10)			—		(24)
Amounts reclassified to net earnings (losses), net of deferred income taxes	41		34			—		75
Other comprehensive earnings (losses), net of deferred income taxes	(15)		(15)		(2)	23		(7)
Balances, September 30, 2020	$	(2,165)	$	(1,621)		$	5	$	(3,781)

(1) Reflects the remeasurement impact of salaried retiree healthcare plan amendments. For further discussion, see Note 6. 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 5. 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 (losses):

	For the Nine Months Ended September 30,				For the Three Months Ended September 30,
(in millions)	2021		2020		2021		2020
Benefit Plans: (1)
Net loss	$	124	$	129	$	39	$	60
Prior service cost/credit	(32)		(18)		(19)		(5)
	92		111		20		55
ABI (2)	(49)		29		(7)		44
Currency Translation Adjustments and Other (2)	(2)		—		(1)		—
Pre-tax amounts reclassified from accumulated other comprehensive losses to net earnings (losses)	$	41	$	140	$	12	$	99

(1) Amounts are included in net defined benefit plan costs. For further information related to defined benefit plans, see Note 6. Benefit Plans.

(2) Amounts are included in (income) losses from equity investments. For further information related to equity investments, see Note 4. Investments in Equity Securities.