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Benefit Plans (Tables)
 12 Months Ended
Dec. 31, 2021
Retirement Benefits [Abstract]  
Projected Benefit Obligations, Plan Assets and Funded Status of Pension Plans The benefit obligations, plan assets and funded status of Altria’s pension and postretirement plans were as follows at December 31:
PensionPostretirement
(in millions)2021202020212020
Change in benefit obligation:
    Benefit obligation at beginning of year$9,465 $8,659 $2,229 $2,091 
   Service cost
68 74 20 16 
   Interest cost
184 251 38 59 
   Benefits paid
(465)(477)(104)(107)
   Actuarial (gains) losses(523)970 (150)169 
   Plan amendments8 (12)(345)1 
   Divestiture(193)(1)— — — 
Benefit obligation at end of year8,544 9,465 1,688 2,229 
Change in plan assets:
    Fair value of plan assets at beginning of year8,911 8,167 201 213 
   Actual return on plan assets
466 1,188 21 21 
   Employer contributions
26 33 — — 
   Benefits paid
(465)(477)(37)(33)
   Divestiture(145)(1)— — — 
Fair value of plan assets at end of year8,793 8,911 185 201 
    Funded status at December 31
$249 $(554)$(1,503)$(2,028)
Amounts recognized on Altria’s consolidated balance sheets were as follows:
    Other accrued liabilities
$(27)$(23)$(67)$(77)
    Accrued pension costs
(200)(551)— — 
    Other assets
476 20 — — 
    Accrued postretirement health care costs
— — (1,436)(1,951)
$249 $(554)$(1,503)$(2,028)
(1) Divestiture of benefit obligations and plan assets related to the Ste. Michelle Transaction. For further discussion, see Note 1. Background and Basis of Presentation.
Net Pension Liability Recognized in Consolidated Balance Sheets The benefit obligations, plan assets and funded status of Altria’s pension and postretirement plans were as follows at December 31:
PensionPostretirement
(in millions)2021202020212020
Change in benefit obligation:
    Benefit obligation at beginning of year$9,465 $8,659 $2,229 $2,091 
   Service cost
68 74 20 16 
   Interest cost
184 251 38 59 
   Benefits paid
(465)(477)(104)(107)
   Actuarial (gains) losses(523)970 (150)169 
   Plan amendments8 (12)(345)1 
   Divestiture(193)(1)— — — 
Benefit obligation at end of year8,544 9,465 1,688 2,229 
Change in plan assets:
    Fair value of plan assets at beginning of year8,911 8,167 201 213 
   Actual return on plan assets
466 1,188 21 21 
   Employer contributions
26 33 — — 
   Benefits paid
(465)(477)(37)(33)
   Divestiture(145)(1)— — — 
Fair value of plan assets at end of year8,793 8,911 185 201 
    Funded status at December 31
$249 $(554)$(1,503)$(2,028)
Amounts recognized on Altria’s consolidated balance sheets were as follows:
    Other accrued liabilities
$(27)$(23)$(67)$(77)
    Accrued pension costs
(200)(551)— — 
    Other assets
476 20 — — 
    Accrued postretirement health care costs
— — (1,436)(1,951)
$249 $(554)$(1,503)$(2,028)
(1) Divestiture of benefit obligations and plan assets related to the Ste. Michelle Transaction. For further discussion, see Note 1. Background and Basis of Presentation.
Assumptions used to Determine Benefit Obligations
The following assumptions were used to determine Altria’s pension and postretirement benefit obligations at December 31:
PensionPostretirement
2021202020212020
Discount rate3.0 %2.7 %2.9 %2.6 %
Rate of compensation increase - long-term4.0 4.0 — — 
Health care cost trend rate assumed for next year— — 6.5 6.5 
    Ultimate trend rate— — 5.0 5.0 
 Year that the rate reaches the ultimate trend rate— — 20272027
Schedule of Net Benefit Costs Net periodic benefit cost (income) consisted of the following for the years ended December 31:
PensionPostretirement
(in millions)202120202019202120202019
Service cost$68 $74 $70 $20 $16 $16 
Interest cost184 251 306 38 59 76 
Expected return on plan assets(522)(502)(576)(14)(14)(15)
Amortization:
Net loss131 134 159 22 10 5 
Prior service cost (credit)5 5 6 (46)(30)(30)
Settlement and curtailment — 10 27 — — 5 
Net periodic benefit cost (income)$(134)$(28)$(8)$20 $41 $57 
Schedule Of Termination Settlement And Curtailment Cost
The amounts included in settlement and curtailment in the table above were comprised of the following changes:
PensionPostretirement
(in millions)202020192019
Benefit obligation$— $6 $10 
Other comprehensive earnings/losses:
Net loss 10 20 — 
Prior service cost (credit)
— 1 (5)
$10 $27 $5 
Schedule Of Assumptions To Determine Net Periodic Benefit Cost
The following assumptions were used to determine Altria’s net periodic benefit cost for the years ended December 31:
PensionPostretirement
202120202019202120202019
Discount rates:
     Service cost
3.1 %3.7 %4.6 %3.1 %3.6 %4.5 %
     Interest cost
2.0 3.0 4.0 2.0 3.0 4.0 
Expected rate of return on plan assets
6.6 6.6 7.8 7.7 7.7 7.8 
Rate of compensation increase - long-term4.0 4.0 4.0 — — — 
Health care cost trend rate
— — — 6.5 6.5 6.5 
Schedule of Fair Value of Plan Assets by Asset Category
The actual composition of Altria’s plan assets at December 31, 2021 was broadly characterized with the following allocation:
PensionPostretirement
Equity securities31 %56 %
Corporate bonds
53 %35 %
U.S. Treasury and foreign government securities
16 %9 %
The fair values of the pension plan assets by asset category were as follows at December 31:
20212020
(in millions)Level 1Level 2TotalLevel 1Level 2Total
U.S. and foreign government securities or their agencies:
U.S. government and agencies$— $1,147 $1,147 $— $950 $950 
U.S. municipal bonds
— 60 60 — 64 64 
Foreign government and agencies
— 88 88 — 90 90 
Corporate debt instruments:
Above investment grade
— 3,442 3,442 — 3,760 3,760 
Below investment grade and no rating
— 1,032 1,032 — 868 868 
Common stock:
International equities
373 — 373 316 — 316 
U.S. equities856 — 856 970 — 970 
Other, net52 237 289 21 356 377 
$1,281 $6,006 $7,287 $1,307 $6,088 $7,395 
Investments measured at NAV as a practical expedient for fair value:
Collective investment funds
U.S. large cap
$873 $924 
U.S. small cap 462 455 
International developed markets125 114 
Total investments measured at NAV$1,460 $1,493 
Other46 23 
Fair value of plan assets, net$8,793 $8,911 
Level 3 holdings and transactions were immaterial to total plan assets at December 31, 2021 and 2020.
The fair value of the postretirement plan assets were as follows at December 31:
2021
2020
(in millions)Level 1Level 2TotalLevel 1Level 2Total
U.S. and foreign government securities or their agencies:
U.S. government and agencies$— $5 $5 $— $6 $6 
Foreign government and agencies
— 3 3 — 4 4 
Corporate debt instruments:
Above investment grade
— 55 55 — 55 55 
Below investment grade and no rating
— 10 10 — 11 11 
Other, net— — — — 7 7 
$— $73 $73 $— $83 $83 
Investments measured at NAV as a practical expedient for fair value:
Collective investment funds:
U.S. large cap
$84 $97 
International developed markets25 25 
Total investments measured at NAV$109 $122 
Other
3 (4)
Fair value of plan assets, net$185 $201 
Estimated Future Benefit Payments
Estimated future benefit payments at December 31, 2021 were as follows:
(in millions)PensionPostretirement
2022$499 $107 
2023477 103 
2024476 99 
2025479 96 
2026478 95 
2027-20312,387 472 
Schedule of Amounts Recognized in Other Comprehensive Income (Loss)
The amounts recorded in accumulated other comprehensive losses at December 31, 2021 consisted of the following:
(in millions)PensionPost-
retirement		Post-
employment		Total
Net loss$(2,093)$(362)$(32)$(2,487)
Prior service (cost) credit
(30)340 (5)305 
Deferred income taxes
549 12 9 570 
Amounts recorded in accumulated other comprehensive losses
$(1,574)$(10)$(28)$(1,612)
The amounts recorded in accumulated other comprehensive losses at December 31, 2020 consisted of the following:
(in millions)PensionPost-
retirement		Post-
employment		Total
Net loss$(2,689)$(541)$(44)$(3,274)
Prior service (cost) credit
(27)41 (5)9 
Deferred income taxes
702 132 11 845 
Amounts recorded in accumulated other comprehensive losses
$(2,014)$(368)$(38)$(2,420)
Movements in Other Comprehensive Earnings/Losses
The movements in other comprehensive earnings/losses during the year ended December 31, 2021 were as follows:
(in millions)PensionPost-
retirement		Post-
employment		Total
Amounts reclassified to net earnings (losses) as components of net periodic benefit cost:
Amortization:
Net loss$131 $22 $10 $163 
Prior service cost/credit5 (46)— (41)
Other expense (income):
Net loss— — — — 
Prior service cost/credit— — — — 
Deferred income taxes(35)7 (2)(30)
$101 $(17)$8 $92 
Other movements during the year:
Net loss$465 $157 $2 $624 
Prior service cost/credit(8)345 — 337 
Deferred income taxes(118)(127)— (245)
$339 $375 $2 $716 
Total movements in other comprehensive earnings/losses$440 $358 $10 $808 
The movements in other comprehensive earnings/losses during the year ended December 31, 2020 were as follows:
(in millions)PensionPost-retirementPost-employmentTotal
Amounts reclassified to net earnings (losses) as components of net periodic benefit cost:
Amortization:
Net loss$134 $10 $19 $163 
Prior service cost/credit5 (30)— (25)
Other expense (income):
Net loss10 — — 10 
Prior service cost/credit— — — — 
Deferred income taxes(37)5 (5)(37)
$112 $(15)$14 $111 
Other movements during the year:
Net loss$(268)$(162)$(18)$(448)
Prior service cost/credit(5)(1)— (6)
Deferred income taxes69 41 5 115 
$(204)$(122)$(13)$(339)
Total movements in other comprehensive earnings/losses$(92)$(137)$1 $(228)
The movements in other comprehensive earnings/losses during the year ended December 31, 2019 were as follows:
(in millions)PensionPost-
retirement		Post-
employment		Total
Amounts reclassified to net earnings (losses) as components of net periodic benefit cost:
Amortization:
Net loss$159 $5 $20 $184 
Prior service cost/credit6 (30)1 (23)
Other expense (income):
Net loss20 — (4)16 
Prior service cost/credit1 (5)— (4)
Deferred income taxes(47)7 (4)(44)
$139 $(23)$13 $129 
Other movements during the year:
Net loss(153)(67)17 (203)
Prior service cost/credit— (1)— (1)
Deferred income taxes38 18 (5)51 
$(115)$(50)$12 $(153)
Total movements in other comprehensive earnings/losses$24 $(73)$25 $(24)