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Other Comprehensive Earnings/Losses (Tables)
12 Months Ended
Dec. 31, 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:
(in millions)Benefit PlansABICurrency
Translation
Adjustments
and Other
Accumulated
Other
Comprehensive
Losses
Balances, December 31, 2021$(1,612)$(1,512)$68 $(3,056)
Other comprehensive earnings (losses) before reclassifications
145 275 (33)387 
Deferred income taxes
(35)(65)— (100)
Other comprehensive earnings (losses) before reclassifications, net of deferred income taxes
110 210 (33)287 
Amounts reclassified to net earnings88 (85)(1)
Deferred income taxes
(22)18 — (4)
Amounts reclassified to net earnings, net of
deferred income taxes
66 (67)(1)(2)
Other comprehensive earnings (losses), net of deferred income taxes
176 143 (1)(34)285 
Balances, December 31, 2022(1,436)(1,369)34 (2,771)
Other comprehensive earnings (losses) before reclassifications
(48)178 (28)102 
Deferred income taxes
(35)(17)
Other comprehensive earnings (losses) before reclassifications, net of deferred income taxes
(39)143 (19)85 
Amounts reclassified to net earnings(26)39 — 13 
Deferred income taxes
(8)— — 
Amounts reclassified to net earnings, net of
deferred income taxes
(18)31 — 13 
Other comprehensive earnings (losses), net of deferred income taxes
(57)174 (1)(19)98 
Balances, December 31, 2023(1,493)(1,195)15 (2,673)
Other comprehensive earnings (losses) before reclassifications
142 (22)(5)115 
Deferred income taxes
(36)(1) (37)
Other comprehensive earnings (losses) before reclassifications, net of deferred income taxes
106 (23)(5)78 
Amounts reclassified to net earnings(7)251  244 
Deferred income taxes
2 (51) (49)
Amounts reclassified to net earnings, net of
deferred income taxes
(5)200  195 
Other comprehensive earnings (losses), net of deferred income taxes
101 177 (1)(5)273 
Balances, December 31, 2024$(1,392)$(1,018)$10 $(2,400)
(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 9. 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 Years Ended December 31,
(in millions)202420232022
Benefit Plans: (1)
Net loss$29 $$127 
Prior service credit(36)(34)(39)
(7)(26)88 
ABI (2)
251 (3)39 (85)
Currency Translation Adjustments and Other — (1)
Pre-tax amounts reclassified from accumulated other comprehensive losses to net earnings$244 $13 $
(1) Amounts are included in net periodic benefit income, excluding service cost. For further details, see Note 18. Benefit Plans.
(2) Amounts are included in (income) losses from investments in equity securities.
(3) Primarily reflects the impact of the ABI Transaction. For the year ended December 31, 2024, 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 8. Investments in Equity Securities and Note 9. Financial Instruments.