Segment Reporting (Tables)

6 Months Ended

Jun. 30, 2022

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

Segment data were as follows:

	For the Six Months Ended June 30,				For the Three Months Ended June 30,
(in millions)	2022		2021		2022		2021
Net Revenues:
Smokeable products	$	11,138	$	11,300	$	5,873	$	6,050
Oral tobacco products	1,278		1,319		665		693
Wine	—		317		—		167
All other	19		36		5		26
Net revenues	$	12,435	$	12,972	$	6,543	$	6,936
Earnings before Income Taxes:
OCI:
Smokeable products	$	5,321	$	5,148	$	2,762	$	2,776
Oral tobacco products	837		864		430		472
Wine	—		45		—		27
All other	(20)		(26)		(15)		(12)
Amortization of intangibles	(35)		(35)		(18)		(18)
General corporate expenses	(114)		(120)		(54)		(59)
Operating income	5,989		5,876		3,105		3,186
Interest and other debt expense, net	561		603		280		295
Loss on early extinguishment of debt	—		649		—		—
Net periodic benefit income, excluding service cost	(93)		(89)		(47)		(46)
(Income) losses from equity investments	1,229		(126)		1,263		(75)
(Gain) loss on Cronos-related financial instruments	14		(7)		4		103
Earnings before income taxes	$	4,278	$	4,846	$	1,605	$	2,909

Schedule of Pre-tax Tobacco and Health Litigation Charges

We recorded pre-tax charges related to tobacco and health and certain other litigation items as follows:

	For the Six Months Ended June 30,				For the Three Months Ended June 30,
(in millions)	2022		2021		2022		2021
Smokeable products segment	$	50	$	43	$	38	$	8
General corporate expenses	7		—		7		—
Interest and other debt expense, net	1		—		1		—
Total	$	58	$	43	$	46	$	8