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Goodwill and Other Intangible Assets, net (Tables)
9 Months Ended
Sep. 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)September 30, 2024December 31, 2023September 30, 2024December 31, 2023
Smokeable products segment$99 $99 $2,944 $2,963 
Oral tobacco products segment5,078 5,078 8,687 9,065 
Other1,768 1,614 1,379 1,658 
Total$6,945 $6,791 $13,010 $13,686 
The changes in goodwill and net carrying amount of intangible assets were as follows:
For the Nine Months EndedFor the Year Ended
September 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
 (102)— (128)
Balance at end of period$6,945 $13,010 $6,791 $13,686 
(1) Substantially all of the 2023 amounts are attributable to the NJOY Transaction. The 2024 amounts represent 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:
September 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
2,621 700 2,841 598 
Total other intangible assets$13,710 $700 $14,284 $598 
Schedule of Finite-Lived Intangible Assets
Other intangible assets consisted of the following:
September 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
2,621 700 2,841 598 
Total other intangible assets$13,710 $700 $14,284 $598