XML 41 R23.htm IDEA: XBRL DOCUMENT v3.24.0.1
Other Comprehensive Earnings/Losses
 12 Months Ended
Dec. 31, 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:
(in millions)Benefit PlansABICurrency
Translation
Adjustments
and Other		Accumulated
Other
Comprehensive
Losses
Balances, December 31, 2020$(2,420)$(1,938)$17 $(4,341)
Other comprehensive earnings (losses) before reclassifications
961 627 25 1,613 
Deferred income taxes
(245)(141)— (386)
Other comprehensive earnings (losses) before reclassifications, net of deferred income taxes
716 486 25 1,227 
Amounts reclassified to net earnings122 (76)35 81 
Deferred income taxes
(30)16 (9)(23)
Amounts reclassified to net earnings, net of
deferred income taxes
92 (60)26 58 
Other comprehensive earnings (losses), net of deferred income taxes
808 426 (1)51 1,285 
Balances, December 31, 2021(1,612)(1,512)68 (3,056)
Other comprehensive earnings (losses) before reclassifications
145 275 (33)387 
Deferred income taxes
(35)(65)— (100)
Other comprehensive earnings (losses) before reclassifications, net of deferred income taxes
110 210 (33)287 
Amounts reclassified to net earnings88 (85)(1)2 
Deferred income taxes
(22)18 — (4)
Amounts reclassified to net earnings, net of
deferred income taxes
66 (67)(1)(2)
Other comprehensive earnings (losses), net of deferred income taxes
176 143 (1)(34)285 
Balances, December 31, 2022(1,436)(1,369)34 (2,771)
Other comprehensive earnings (losses) before reclassifications
(48)178 (28)102 
Deferred income taxes
9 (35)9 (17)
Other comprehensive earnings (losses) before reclassifications, net of deferred income taxes
(39)143 (19)85 
Amounts reclassified to net earnings(26)39 — 13 
Deferred income taxes
8 (8)— — 
Amounts reclassified to net earnings, net of
deferred income taxes
(18)31 — 13 
Other comprehensive earnings (losses), net of deferred income taxes
(57)174 (1)(19)98 
Balances, December 31, 2023$(1,493)$(1,195)$15 $(2,673)
(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 8. Financial Instruments.
Pre-tax amounts by component, reclassified from accumulated other comprehensive losses to net earnings were as follows:
For the Years Ended December 31,
(in millions)202320222021
Benefit Plans: (1)
Net loss$8 $127 $163 
Prior service cost (credit)(34)(39)(41)
(26)88 122 
ABI (2)
39 (85)(76)
Currency Translation Adjustments and Other (3)
— (1)35 
Pre-tax amounts reclassified from accumulated other comprehensive losses to net earnings$13 $2 $81 
(1) Amounts are included in net periodic benefit income, excluding service cost. For further details, see Note 17. Benefit Plans.
(2) Amounts are included in (income) losses from investments in equity securities. For further information, see Note 7. Investments in Equity Securities.
(3) 2021 amounts are included in marketing, administration and research costs and are related to the Ste. Michelle Transaction.