Other Comprehensive Earnings/Losses

9 Months Ended

Sep. 30, 2022

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 Nine Months Ended September 30, 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	—		902			(11)		891
Deferred income taxes	—		(206)			—		(206)
Other comprehensive earnings (losses) before reclassifications, net of deferred income taxes	—		696			(11)		685

Amounts reclassified to net earnings (losses)	65		(74)			(1)		(10)
Deferred income taxes	(17)		15			—		(2)
Amounts reclassified to net earnings (losses), net of deferred income taxes	48		(59)			(1)		(12)

Other comprehensive earnings (losses), net of deferred income taxes	48		637		(1)	(12)		673

Balances, September 30, 2022	$	(1,564)	$	(875)		$	56	$	(2,383)


	For the Three Months Ended September 30, 2022
(in millions)	Benefit Plans		ABI			Currency Translation Adjustments and Other		Accumulated Other Comprehensive Losses
Balances, June 30, 2022	$	(1,581)	$	(869)		$	73	$	(2,377)

Other comprehensive earnings (losses) before reclassifications	—		18			(16)		2
Deferred income taxes	—		(11)			—		(11)
Other comprehensive earnings (losses) before reclassifications, net of deferred income taxes	—		7			(16)		(9)

Amounts reclassified to net earnings (losses)	24		(16)			(1)		7
Deferred income taxes	(7)		3			—		(4)
Amounts reclassified to net earnings (losses), net of deferred income taxes	17		(13)			(1)		3

Other comprehensive earnings (losses), net of deferred income taxes	17		(6)		(1)	(17)		(6)

Balances, September 30, 2022	$	(1,564)	$	(875)		$	56	$	(2,383)


	For the Nine Months Ended September 30, 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	432		(2)	685			35		1,152
Deferred income taxes	(118)			(151)			—		(269)
Other comprehensive earnings (losses) before reclassifications, net of deferred income taxes	314			534			35		883

Amounts reclassified to net earnings (losses)	92			(49)			(2)		41
Deferred income taxes	(23)			10			—		(13)
Amounts reclassified to net earnings (losses), net of deferred income taxes	69			(39)			(2)		28

Other comprehensive earnings (losses), net of deferred income taxes	383			495		(1)	33		911

Balances, September 30, 2021	$	(2,037)		$	(1,443)		$	50	$	(3,430)


	For the Three Months Ended September 30, 2021
(in millions)	Benefit Plans		ABI			Currency Translation Adjustments and Other		Accumulated Other Comprehensive Losses
Balances, June 30, 2021	$	(2,043)	$	(1,604)		$	45	$	(3,602)

Other comprehensive earnings (losses) before reclassifications	—		215			6		221
Deferred income taxes	(9)		(48)			—		(57)
Other comprehensive earnings (losses) before reclassifications, net of deferred income taxes	(9)		167			6		164

Amounts reclassified to net earnings (losses)	20		(7)			(1)		12
Deferred income taxes	(5)		1			—		(4)
Amounts reclassified to net earnings (losses), net of deferred income taxes	15		(6)			(1)		8

Other comprehensive earnings (losses), net of deferred income taxes	6		161		(1)	5		172

Balances, September 30, 2021	$	(2,037)	$	(1,443)		$	50	$	(3,430)

(1) Primarily reflects our share of ABI’s currency translation adjustments and the impact of our designated net investment hedges related to our equity investment in ABI. For further discussion of designated net investment hedges, see Note 4. Financial Instruments.

(2) Reflects the remeasurement impact of salaried retiree healthcare plan amendments. For further discussion, see Note 5. Benefit Plans.

The following table sets forth pre-tax amounts by component, reclassified from accumulated other comprehensive losses to net earnings (losses):


	For the Nine Months Ended September 30,				For the Three Months Ended September 30,
(in millions)	2022		2021		2022		2021
Benefit Plans: (1)
Net loss	$	94	$	124	$	33	$	39
Prior service cost/credit	(29)		(32)		(9)		(19)
	65		92		24		20
ABI (2)	(74)		(49)		(16)		(7)
Currency Translation Adjustments and Other (2)	(1)		(2)		(1)		(1)
Pre-tax amounts reclassified from accumulated other comprehensive losses to net earnings (losses)	$	(10)	$	41	$	7	$	12

(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 investments in equity securities. For further information, see Note 3. Investments in Equity Securities.