Long-Term Debt (Tables)

12 Months Ended

Dec. 31, 2015

Debt Disclosure [Abstract]

Components of Long-Term Debt

At December 31, 2015 and 2014, Altria Group, Inc.’s long-term debt consisted of the following:

(in millions)	2015		2014
Notes, 2.625% to 10.20%, interest payable semi-annually, due through 2044 (1)	$	12,861	$	14,651
Debenture, 7.75%, interest payable semi-annually, due 2027	42		42
Other	16		—
	12,919		14,693
Less current portion of long-term debt	4		1,000
	$	12,915	$	13,693

⁽¹⁾ Weighted-average coupon interest rate of 5.5% and 5.7% at December 31, 2015 and 2014, respectively.

Aggregate Maturities of Long-Term Debt

Aggregate maturities of long-term debt are as follows:

(in millions)
2016	$	4
2017	4
2018	867
2019	1,148
2020	1,000
2021	1,500
Thereafter	8,442
	12,965
Less debt discounts	46
	$	12,919

Schedule of Tender Offers and Associated Pre-tax Losses on Early Extinguishment of Debt

Details of these debt tender offers were as follows:

(in millions)	2015		2013
Notes Purchased
9.95% Notes due 2038	$	—	$	818
10.20% Notes due 2039	—		782
9.70% Notes due 2018	793		293
9.25% Notes due 2019	—		207
Total	$	793	$	2,100

During 2014, UST redeemed in full its $300 million (aggregate principal amount) 5.75% senior notes due 2018.

As a result of the Altria Group, Inc. debt tender offers and the UST debt redemption, pre-tax losses on early extinguishment of debt were recorded as follows:

(in millions)	2015		2014		2013
Premiums and fees	$	226	$	44	$	1,054
Write-off of unamortized debt discounts and debt issuance costs	2		—		30
Total	$	228	$	44	$	1,084