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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Assets    
Cash and cash equivalents $ 4,030 $ 4,544
Receivable from the sale of IQOS System commercialization rights 1,721 0
Other 48 47
Inventories:    
Leaf tobacco 704 744
Other raw materials 186 166
Work in process 24 23
Finished product 266 261
Inventory, net 1,180 1,194
Other current assets 241 298
Total current assets 7,220 6,083
Property, plant and equipment, at cost:    
Land and land improvements 123 123
Buildings and building equipment 1,478 1,422
Machinery and equipment 2,578 2,652
Construction in progress 248 235
Property, plant and equipment, at cost 4,427 4,432
Less accumulated depreciation 2,819 2,879
Property, plant and equipment, net 1,608 1,553
Goodwill 5,177 5,177
Other intangible assets, net 12,384 12,306
Investments in equity securities ($250 million and $1,720 million at December 31, 2022 and 2021, respectively, measured at fair value) 9,600 13,481
Other assets 965 923
Total Assets 36,954 39,523
Liabilities    
Current portion of long-term debt 1,556 1,105
Accounts payable 552 449
Accrued liabilities:    
Marketing 599 664
Settlement charges 2,925 3,349
Other 1,299 1,365
Dividends payable 1,685 1,647
Total current liabilities 8,616 8,579
Long-term debt 25,124 26,939
Deferred income taxes 2,897 3,692
Accrued pension costs 133 200
Accrued postretirement health care costs 1,083 1,436
Deferred gain from the sale of IQOS System commercialization rights 2,700 0
Other liabilities 324 283
Total liabilities 40,877 41,129
Contingencies (Note 17)
Stockholders’ Equity (Deficit)    
Common stock, par value $0.33 1/3 per share (2,805,961,317 shares issued) 935 935
Additional paid-in capital 5,887 5,857
Earnings reinvested in the business 29,792 30,664
Accumulated other comprehensive losses (2,771) (3,056)
Cost of repurchased stock (1,020,427,195 shares at December 31, 2022 and 982,785,699 shares at December 31, 2021) (37,816) (36,006)
Total stockholders’ equity (deficit) attributable to Altria (3,973) (1,606)
Noncontrolling interests 50 0
Total stockholders’ equity (deficit) (3,923) (1,606)
Total Liabilities and Stockholders’ Equity (Deficit) $ 36,954 $ 39,523