Other Comprehensive Earnings/Losses (Tables)

3 Months Ended

Mar. 31, 2022

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 Three Months Ended March 31, 2022
(in millions)	Benefit Plans		ABI			Currency Translation Adjustments and Other		Accumulated Other Comprehensive Losses
Balances, December 31, 2021	$	(1,612)	$	(1,512)		$	68	$	(3,056)
Other comprehensive earnings (losses) before reclassifications	—		138			1		139
Deferred income taxes	—		(32)			—		(32)
Other comprehensive earnings (losses) before reclassifications, net of deferred income taxes	—		106			1		107
Amounts reclassified to net earnings	21		(35)			—		(14)
Deferred income taxes	(6)		7			—		1
Amounts reclassified to net earnings, net of deferred income taxes	15		(28)			—		(13)
Other comprehensive earnings (losses), net of deferred income taxes	15		78		(1)	1		94
Balances, March 31, 2022	$	(1,597)	$	(1,434)		$	69	$	(2,962)

(1) Primarily reflects the impact of our designated net investment hedges related to our investment in ABI. For further discussion of designated net investment hedges, see Note 4. Financial Instruments.

	For the Three Months Ended March 31, 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	—		690			22		712
Deferred income taxes	—		(151)			—		(151)
Other comprehensive earnings (losses) before reclassifications, net of deferred income taxes	—		539			22		561
Amounts reclassified to net earnings	38		(28)			—		10
Deferred income taxes	(10)		6			—		(4)
Amounts reclassified to net earnings, net of deferred income taxes	28		(22)			—		6
Other comprehensive earnings (losses), net of deferred income taxes	28		517		(1)	22		567
Balances, March 31, 2021	$	(2,392)	$	(1,421)		$	39	$	(3,774)

(1) Primarily reflects our share of ABI’s currency translation adjustments and the impact of our designated net investment hedges related to our investment in ABI. 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 Three Months Ended March 31,
(in millions)	2022		2021
Benefit Plans: (1)
Net loss	$	31	$	43
Prior service cost/credit	(10)		(5)
	21		38
ABI (2)	(35)		(28)
Pre-tax amounts reclassified from accumulated other comprehensive losses to net earnings	$	(14)	$	10

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

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