Other Comprehensive Earnings/Losses (Tables)

9 Months Ended

Sep. 30, 2024

Equity [Abstract]

Schedule of Accumulated Other Comprehensive Income (Loss)

Changes in each component of accumulated other comprehensive losses, net of deferred income taxes, attributable to Altria were as follows:

	For the Nine Months Ended September 30, 2024
(in millions)	Benefit Plans		ABI			Currency Translation Adjustments and Other		Accumulated Other Comprehensive Losses
Balances, December 31, 2023	$	(1,493)	$	(1,195)		$	15	$	(2,673)
Other comprehensive earnings (losses) before reclassifications	—		(180)			(4)		(184)
Deferred income taxes	—		38			—		38
Other comprehensive earnings (losses) before reclassifications, net of deferred income taxes	—		(142)			(4)		(146)
Amounts reclassified to net earnings	(5)		258			—		253
Deferred income taxes	1		(52)			—		(51)
Amounts reclassified to net earnings, net of deferred income taxes	(4)		206			—		202
Other comprehensive earnings (losses), net of deferred income taxes	(4)		64		(1)	(4)		56
Balances, September 30, 2024	$	(1,497)	$	(1,131)		$	11	$	(2,617)

	For the Three Months Ended September 30, 2024
(in millions)	Benefit Plans		ABI			Currency Translation Adjustments and Other		Accumulated Other Comprehensive Losses
Balances, June 30, 2024	$	(1,495)	$	(801)		$	13	$	(2,283)
Other comprehensive earnings (losses) before reclassifications	—		(423)			(2)		(425)
Deferred income taxes	—		92			—		92
Other comprehensive earnings (losses) before reclassifications, net of deferred income taxes	—		(331)			(2)		(333)
Amounts reclassified to net earnings	(2)		1			—		(1)
Deferred income taxes	—		—			—		—
Amounts reclassified to net earnings, net of deferred income taxes	(2)		1			—		(1)
Other comprehensive earnings (losses), net of deferred income taxes	(2)		(330)		(1)	(2)		(334)
Balances, September 30, 2024	$	(1,497)	$	(1,131)		$	11	$	(2,617)

	For the Nine Months Ended September 30, 2023
(in millions)	Benefit Plans		ABI			Currency Translation Adjustments and Other		Accumulated Other Comprehensive Losses
Balances, December 31, 2022	$	(1,436)	$	(1,369)		$	34	$	(2,771)
Other comprehensive earnings (losses) before reclassifications	—		388			14		402
Deferred income taxes	—		(82)			—		(82)
Other comprehensive earnings (losses) before reclassifications, net of deferred income taxes	—		306			14		320
Amounts reclassified to net earnings	(21)		(5)			—		(26)
Deferred income taxes	5		1			—		6
Amounts reclassified to net earnings, net of deferred income taxes	(16)		(4)			—		(20)
Other comprehensive earnings (losses), net of deferred income taxes	(16)		302		(1)	14		300
Balances, September 30, 2023	$	(1,452)	$	(1,067)		$	48	$	(2,471)

	For the Three Months Ended September 30, 2023
(in millions)	Benefit Plans		ABI			Currency Translation Adjustments and Other		Accumulated Other Comprehensive Losses
Balances, June 30, 2023	$	(1,447)	$	(1,303)		$	41	$	(2,709)
Other comprehensive earnings (losses) before reclassifications	—		316			7		323
Deferred income taxes	—		(69)			—		(69)
Other comprehensive earnings (losses) before reclassifications, net of deferred income taxes	—		247			7		254
Amounts reclassified to net earnings	(7)		(14)			—		(21)
Deferred income taxes	2		3			—		5
Amounts reclassified to net earnings, net of deferred income taxes	(5)		(11)			—		(16)
Other comprehensive earnings (losses), net of deferred income taxes	(5)		236		(1)	7		238
Balances, September 30, 2023	$	(1,452)	$	(1,067)		$	48	$	(2,471)

(1) Primarily reflects our share of ABI’s currency translation adjustments and the impact of our designated net investment hedges related to our investment in ABI. For further discussion of designated net investment hedges, see Note 7. Financial Instruments.

Reclassification out of Accumulated Other Comprehensive Income

Pre-tax amounts by component, reclassified from accumulated other comprehensive losses to net earnings were as follows:

	For the Nine Months Ended September 30,				For the Three Months Ended September 30,
(in millions)	2024		2023		2024		2023
Benefit Plans: (1)
Net loss	$	21	$	5	$	7	$	2
Prior service cost (credit)	(26)		(26)		(9)		(9)
	(5)		(21)		(2)		(7)
ABI (2)	258		(5)		1		(14)
Pre-tax amounts reclassified from accumulated other comprehensive losses to net earnings	$	253	$	(26)	$	(1)	$	(21)

(1) Amounts are included in net periodic benefit income, excluding service cost. For further details, see Note 8. Benefit Plans.

(2) Amounts are included in (income) losses from investments in equity securities. For the nine months ended September 30, 2024, as a result of the ABI Transaction, we reclassified $243 million from our accumulated other comprehensive losses of which $285 million is directly attributable to ABI, partially offset by $42 million from our designated net investment hedges related to our investment in ABI. For further information, see Note 6. Investments in Equity Securities and Note 7. Financial Instruments.