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Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2021
Accounting Policies [Abstract]  
Schedule of New Accounting Pronouncements and Changes in Accounting Principles The following table provides a description of issued accounting guidance applicable to, but not yet adopted by, Altria:
StandardsDescriptionEffective Date for Public EntityEffect on Financial Statements
ASU 2020-06 Accounting for Convertible Instruments and Contracts in an Entitys Own Equity
The guidance simplifies the accounting for certain financial instruments with characteristics of liabilities and equity, including convertible instruments and contracts in an entity’s own equity.  Key provisions of the guidance include reducing the number of accounting models, simplifying the earnings per share calculations and expanding the disclosures related to convertible instruments.The guidance is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2021.Altria’s adoption of this guidance is not expected to have a material impact on its consolidated financial statements and related disclosures.
ASU 2021-08 Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers
The guidance updates how an entity recognizes and measures contract assets and contract liabilities acquired in a business combination. Acquirers will now account for related revenue contracts in accordance with Topic 606 as if it had originated the contract.The guidance is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2022.Altria is in the process of evaluating the impact of this guidance on its consolidated financial statements and related disclosures.