Other Comprehensive Earnings/Losses

6 Months Ended

Jun. 30, 2023

Equity [Abstract]

Other Comprehensive Earnings/Losses

Other Comprehensive Earnings/Losses

Changes in each component of accumulated other comprehensive losses, net of deferred income taxes, attributable to Altria were as follows:

	For the Six Months Ended June 30, 2023
(in millions)	Benefit Plans		ABI			Currency Translation Adjustments and Other		Accumulated Other Comprehensive Losses
Balances, December 31, 2022	$	(1,436)	$	(1,369)		$	34	$	(2,771)
Other comprehensive earnings (losses) before reclassifications	—		72			7		79
Deferred income taxes	—		(13)			—		(13)
Other comprehensive earnings (losses) before reclassifications, net of deferred income taxes	—		59			7		66
Amounts reclassified to net earnings	(14)		9			—		(5)
Deferred income taxes	3		(2)			—		1
Amounts reclassified to net earnings, net of deferred income taxes	(11)		7			—		(4)
Other comprehensive earnings (losses), net of deferred income taxes	(11)		66		(1)	7		62
Balances, June 30, 2023	$	(1,447)	$	(1,303)		$	41	$	(2,709)

	For the Three Months Ended June 30, 2023
(in millions)	Benefit Plans		ABI			Currency Translation Adjustments and Other		Accumulated Other Comprehensive Losses
Balances, March 31, 2023	$	(1,442)	$	(1,381)		$	44	$	(2,779)
Other comprehensive earnings (losses) before reclassifications	—		90			(3)		87
Deferred income taxes	—		(18)			—		(18)
Other comprehensive earnings (losses) before reclassifications, net of deferred income taxes	—		72			(3)		69
Amounts reclassified to net earnings	(6)		8			—		2
Deferred income taxes	1		(2)			—		(1)
Amounts reclassified to net earnings, net of deferred income taxes	(5)		6			—		1
Other comprehensive earnings (losses), net of deferred income taxes	(5)		78		(1)	(3)		70
Balances, June 30, 2023	$	(1,447)	$	(1,303)		$	41	$	(2,709)

	For the Six Months Ended June 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	—		884			5		889
Deferred income taxes	—		(195)			—		(195)
Other comprehensive earnings (losses) before reclassifications, net of deferred income taxes	—		689			5		694
Amounts reclassified to net earnings	41		(58)			—		(17)
Deferred income taxes	(10)		12			—		2
Amounts reclassified to net earnings, net of deferred income taxes	31		(46)			—		(15)
Other comprehensive earnings (losses), net of deferred income taxes	31		643		(1)	5		679
Balances, June 30, 2022	$	(1,581)	$	(869)		$	73	$	(2,377)

	For the Three Months Ended June 30, 2022
(in millions)	Benefit Plans		ABI			Currency Translation Adjustments and Other		Accumulated Other Comprehensive Losses
Balances, March 31, 2022	$	(1,597)	$	(1,434)		$	69	$	(2,962)
Other comprehensive earnings (losses) before reclassifications	—		746			4		750
Deferred income taxes	—		(163)			—		(163)
Other comprehensive earnings (losses) before reclassifications, net of deferred income taxes	—		583			4		587
Amounts reclassified to net earnings	20		(23)			—		(3)
Deferred income taxes	(4)		5			—		1
Amounts reclassified to net earnings, net of deferred income taxes	16		(18)			—		(2)
Other comprehensive earnings (losses), net of deferred income taxes	16		565		(1)	4		585
Balances, June 30, 2022	$	(1,581)	$	(869)		$	73	$	(2,377)

(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 6. Financial Instruments.

Pre-tax amounts by component, reclassified from accumulated other comprehensive losses to net earnings were as follows:

	For the Six Months Ended June 30,				For the Three Months Ended June 30,
(in millions)	2023		2022		2023		2022
Benefit Plans: (1)
Net loss	$	3	$	61	$	2	$	30
Prior service cost/credit	(17)		(20)		(8)		(10)
	(14)		41		(6)		20
ABI (2)	9		(58)		8		(23)
Pre-tax amounts reclassified from accumulated other comprehensive losses to net earnings	$	(5)	$	(17)	$	2	$	(3)

(1) Amounts are included in net defined benefit plan costs. For further details, see Note 7. Benefit Plans.

(2) Amounts are included in (income) losses from investments in equity securities. For further information, see Note 5. Investments in Equity Securities.