Segment Reporting (Tables)

12 Months Ended

Dec. 31, 2023

Segment Reporting [Abstract]

Segment Data Schedule

Segment data were as follows:

	For the Years Ended December 31,
(in millions)	2023		2022		2021
Net revenues:
Smokeable products	$	21,756	$	22,476	$	22,866
Oral tobacco products	2,667		2,580		2,608
Wine	—		—		494
All other	60		40		45
Net revenues	$	24,483	$	25,096	$	26,013
Earnings before income taxes:
OCI:
Smokeable products	$	10,670	$	10,688	$	10,394
Oral tobacco products	1,722		1,632		1,659
Wine	—		—		21
All other	(74)		(36)		(97)
Amortization of intangibles	(128)		(73)		(72)
General corporate expenses	(643)		(292)		(345)
Operating income	11,547		11,919		11,560
Interest and other debt expense, net	989		1,058		1,162
Loss on early extinguishment of debt	—		—		649
Net periodic benefit income, excluding service cost	(127)		(184)		(202)
(Income) losses from investments in equity securities	(243)		3,641		5,979
Loss on Cronos-related financial instruments	—		15		148
Earnings before income taxes	$	10,928	$	7,389	$	3,824

Schedule of Depreciation Expense and Capital Expenditures of Segments

Details of our depreciation expense and capital expenditures were as follows:

	For the Years Ended December 31,
(in millions)	2023		2022		2021
Depreciation expense:
Smokeable products	$	73	$	87	$	80
Oral tobacco products	37		33		34
Wine	—		—		27
General corporate and other	34		33		31
Total depreciation expense	$	144	$	153	$	172
Capital expenditures:
Smokeable products	$	77	$	68	$	48
Oral tobacco products	59		90		43
Wine	—		—		12
General corporate and other	60		47		66
Total capital expenditures	$	196	$	205	$	169

Schedule Of Non-Participating Manufacturer Adjustment Items

We recorded pre-tax income for NPM adjustment items as follows:

	For the Years Ended December 31,
(in millions)	2023		2022		2021
Smokeable products segment	$	(29)	$	(63)	$	(53)
Interest and other debt expense, net	(21)		(5)		(23)
Total	$	(50)	$	(68)	$	(76)

Schedule of Tobacco and Health and Certain Other Litigation Items

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

	For the Years Ended December 31,
(in millions)	2023		2022		2021
Smokeable products segment	$	69	$	101	$	83
General corporate expenses	350		27		90
Interest and other debt expense, net	11		3		9
Total	$	430	$	131	$	182