XML 40 R28.htm IDEA: XBRL DOCUMENT v3.22.2
Segment Reporting (Tables)
6 Months Ended
Jun. 30, 2022
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
Segment data were as follows:
For the Six Months Ended June 30,For the Three Months Ended June 30,
(in millions)2022202120222021
Net Revenues:
Smokeable products$11,138 $11,300 $5,873 $6,050 
Oral tobacco products1,278 1,319 665 693 
Wine— 317— 167 
All other19 36 5 26 
Net revenues$12,435 $12,972 $6,543 $6,936 
Earnings before Income Taxes:
OCI:
Smokeable products$5,321 $5,148 $2,762 $2,776 
Oral tobacco products837 864 430 472 
Wine— 45 — 27 
All other(20)(26)(15)(12)
Amortization of intangibles(35)(35)(18)(18)
General corporate expenses(114)(120)(54)(59)
Operating income5,989 5,876 3,105 3,186 
Interest and other debt expense, net561 603 280 295 
Loss on early extinguishment of debt— 649 — — 
Net periodic benefit income, excluding service cost(93)(89)(47)(46)
(Income) losses from equity investments1,229 (126)1,263 (75)
(Gain) loss on Cronos-related financial instruments14 (7)4 103 
Earnings before income taxes$4,278 $4,846 $1,605 $2,909 
Schedule of Pre-tax Tobacco and Health Litigation Charges We recorded pre-tax charges related to tobacco and health and certain other litigation items as follows:
For the Six Months Ended June 30,For the Three Months Ended June 30,
(in millions)2022202120222021
Smokeable products segment$50 $43 $38 $8 
General corporate expenses7 — 7 — 
Interest and other debt expense, net1 — 1 — 
Total$58 $43 $46 $8