XML 42 R29.htm IDEA: XBRL DOCUMENT v3.24.2
Goodwill and Other Intangible Assets, net (Tables)
 6 Months Ended
Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets and Goodwill
Goodwill and other intangible assets, net, were as follows:
GoodwillOther Intangible Assets, net
(in millions)June 30, 2024December 31, 2023June 30, 2024December 31, 2023
Smokeable products segment$99 $99 $2,951 $2,963 
Oral tobacco products segment5,078 5,078 8,695 9,065 
Other1,768 1,614 1,402 1,658 
Total$6,945 $6,791 $13,048 $13,686 
The changes in goodwill and net carrying amount of intangible assets were as follows:
For the Six Months EndedFor the Year Ended
June 30, 2024December 31, 2023
(in millions)GoodwillOther Intangible Assets, netGoodwillOther Intangible Assets, net
Balance at January 1
$6,791 $13,686 $5,177 $12,384 
Changes due to:
   Acquisitions (1)
154 (220)1,614 1,430 
   Asset impairment
— (354)— — 
   Amortization
— (64)— (128)
Balance at end of period$6,945 $13,048 $6,791 $13,686 
(1) Substantially all of the 2023 amounts are attributable to the NJOY Transaction. The 2024 amount represents the measurement period adjustments made during the three months ended March 31, 2024 related to the NJOY Transaction. For additional information regarding the NJOY Transaction, see Note 2. Acquisition of NJOY.
Schedule of Indefinite-Lived Intangible Assets
Other intangible assets consisted of the following:
June 30, 2024December 31, 2023
(in millions)Gross Carrying AmountAccumulated AmortizationGross Carrying AmountAccumulated Amortization
Indefinite-lived intangible assets
$11,089 $— $11,443 $— 
Definite-lived intangible assets
2,621 662 2,841 598 
Total other intangible assets$13,710 $662 $14,284 $598 
Schedule of Finite-Lived Intangible Assets
Other intangible assets consisted of the following:
June 30, 2024December 31, 2023
(in millions)Gross Carrying AmountAccumulated AmortizationGross Carrying AmountAccumulated Amortization
Indefinite-lived intangible assets
$11,089 $— $11,443 $— 
Definite-lived intangible assets
2,621 662 2,841 598 
Total other intangible assets$13,710 $662 $14,284 $598