Long-term Debt (Tables)

12 Months Ended

Dec. 31, 2021

Debt Disclosure [Abstract]

Components of Long-Term Debt

Altria’s long-term debt consisted of the following at December 31:

(in millions)	2021		2020
USD notes, 2.350% to 10.20%, interest payable semi-annually, due through 2061 (1)	$	23,185	$	24,258
USD debenture, 7.75%, interest payable semi-annually, due 2027	42		42
Euro notes, 1.000% to 3.125%, interest payable annually, due through 2031 (2)	4,817		5,171
	28,044		29,471
Less current portion of long-term debt	1,105		1,500
	$	26,939	$	27,971

(1) Weighted-average coupon interest rate of 4.4% and 4.6% at December 31, 2021 and 2020, respectively.

(2) Weighted-average coupon interest rate of 2.0% at December 31, 2021 and 2020.

At December 31, 2021, Altria’s outstanding long-term debt consisted of the following:

(in millions)
Type	Face Value	Interest Rate	Issuance	Maturity
USD notes	$1,105	2.850%	August 2012	August 2022
Euro notes	€1,250	1.000%	February 2019	February 2023
USD notes	$218	2.950%	May 2013	May 2023
USD notes	$776	4.000%	October 2013	January 2024
USD notes	$345	3.800%	February 2019	February 2024
USD notes	$750	2.350%	May 2020	May 2025
Euro notes	€750	1.700%	February 2019	June 2025
USD notes	$1,069	4.400%	February 2019	February 2026
USD notes	$500	2.625%	September 2016	September 2026
USD debenture	$42	7.750%	January 1997	January 2027
Euro notes	€1,000	2.200%	February 2019	June 2027
USD notes	$1,906	4.800%	February 2019	February 2029
USD notes	$750	3.400%	May 2020	May 2030
Euro notes	€1,250	3.125%	February 2019	June 2031
USD notes	$1,750	2.450%	February 2021	February 2032
USD notes	$177	9.950%	November 2008	November 2038
USD notes	$208	10.200%	February 2009	February 2039
USD notes	$2,000	5.800%	February 2019	February 2039
USD notes	$1,500	3.400%	February 2021	February 2041
USD notes	$900	4.250%	August 2012	August 2042
USD notes	$650	4.500%	May 2013	May 2043
USD notes	$1,800	5.375%	October 2013	January 2044
USD notes	$1,500	3.875%	September 2016	September 2046
USD notes	$2,500	5.950%	February 2019	February 2049
USD notes	$500	4.450%	May 2020	May 2050
USD notes	$1,250	3.700%	February 2021	February 2051
USD notes	$271	6.200%	February 2019	February 2059
USD notes	$1,000	4.000%	February 2021	February 2061

Details of the debt tender offers are as follows:

(in millions)	Principal Amount of Notes Purchased
2.850% Notes due 2022	$	795
2.950% Notes due 2023	132
4.000% Notes due 2024	624
3.800% Notes due 2024	655
4.400% Notes due 2026	430
4.800% Notes due 2029	1,094
9.950% Notes due 2038	65
10.200% Notes due 2039	18
6.200% Notes due 2059	229
	$	4,042

As a result of the debt tender offers and redemption, Altria recorded pre-tax losses on early extinguishment of debt as follows:

(in millions)	For the Year Ended December 31, 2021
Premiums and fees	$	623
Write-off of unamortized debt discounts and debt issuance costs	26
Total	$	649

Aggregate Maturities of Long-Term Debt

At December 31, 2021, aggregate maturities of Altria’s long-term debt were as follows:

(in millions)		Aggregate Maturities
2022		$	1,105
2023		1,639
2024		1,121
2025		1,603
2026		1,569
Thereafter		21,262
		28,299
Less:	debt issuance costs	163
	debt discounts	92
		$	28,044