Document and Entity Information
Document and Entity Information - shares | 6 Months Ended | |
Jun. 30, 2017 | Jul. 24, 2017 | |
Document And Entity Information [Abstract] | ||
Document Type | 10-Q | |
Amendment Flag | false | |
Document Period End Date | Jun. 30, 2017 | |
Document Fiscal Year Focus | 2,017 | |
Document Fiscal Period Focus | Q2 | |
Trading Symbol | RAI | |
Entity Registrant Name | REYNOLDS AMERICAN INC | |
Entity Central Index Key | 1,275,283 | |
Current Fiscal Year End Date | --12-31 | |
Entity Filer Category | Large Accelerated Filer | |
Entity Common Stock, Shares Outstanding | 1,426,125,631 |
CONDENSED CONSOLIDATED STATEMEN
CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2017 | Jun. 30, 2016 | Jun. 30, 2017 | Jun. 30, 2016 | ||
Income Statement [Abstract] | |||||
Net sales | [1] | $ 3,290 | $ 3,141 | $ 6,201 | $ 6,003 |
Net sales, related party | 28 | 54 | 66 | 109 | |
Net sales | 3,318 | 3,195 | 6,267 | 6,112 | |
Costs and expenses: | |||||
Cost of products sold | [1] | 1,278 | 1,275 | 2,477 | 2,440 |
Selling, general and administrative expenses | 478 | 499 | 896 | 964 | |
Gain on divestiture | (4,861) | ||||
Amortization expense | 6 | 6 | 12 | 12 | |
Operating income | 1,556 | 1,415 | 2,882 | 7,557 | |
Interest and debt expense | 150 | 152 | 299 | 326 | |
Interest income | (3) | (2) | (5) | (5) | |
Other expense (income), net | 11 | (1) | 15 | 251 | |
Income before income taxes | 1,398 | 1,266 | 2,573 | 6,985 | |
Provision for income taxes | 479 | 470 | 874 | 2,624 | |
Net income | $ 919 | $ 796 | $ 1,699 | $ 4,361 | |
Net income per share: | |||||
Basic | $ 0.64 | $ 0.56 | $ 1.19 | $ 3.06 | |
Diluted | 0.64 | 0.56 | 1.19 | 3.05 | |
Dividends declared per share | $ 0.51 | $ 0.42 | $ 1.02 | $ 0.84 | |
[1] | Excludes excise taxes of $1,083 million and $1,120 million for the three months ended June 30, 2017 and 2016, respectively; and $2,065 million and $2,150 million for the six months ended June 30, 2017 and 2016, respectively. |
CONDENSED CONSOLIDATED STATEME3
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Parenthetical) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2017 | Jun. 30, 2016 | Jun. 30, 2017 | Jun. 30, 2016 | |
Income Statement [Abstract] | ||||
Excise taxes | $ 1,083 | $ 1,120 | $ 2,065 | $ 2,150 |
CONDENSED CONSOLIDATED STATEME4
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2017 | Jun. 30, 2016 | Jun. 30, 2017 | Jun. 30, 2016 | |
Statement Of Income And Comprehensive Income [Abstract] | ||||
Net income | $ 919 | $ 796 | $ 1,699 | $ 4,361 |
Other comprehensive income (loss), net of tax (benefit) expense: | ||||
Retirement benefits, net of tax | 13 | 39 | 9 | 33 |
Long-term investments, net of tax | 4 | 3 | ||
Hedging instruments, net of tax | 11 | |||
Cumulative translation adjustment and other, net of tax | 11 | (5) | 14 | 17 |
Comprehensive income | $ 943 | $ 834 | $ 1,722 | $ 4,425 |
CONDENSED CONSOLIDATED STATEME5
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Parenthetical) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2017 | Jun. 30, 2016 | Jun. 30, 2017 | Jun. 30, 2016 | |
Statement Of Income And Comprehensive Income [Abstract] | ||||
Tax expense (benefit), retirement benefits | $ 9 | $ 25 | $ 5 | $ 21 |
Tax expense, on long-term investments | 2 | 3 | ||
Tax expense, on hedging instruments | 6 | |||
Tax expense (benefit), cumulative translation adjustment and other | $ 5 | $ (2) | $ 6 | $ 9 |
CONDENSED CONSOLIDATED STATEME6
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions | 6 Months Ended | |
Jun. 30, 2017 | Jun. 30, 2016 | |
Cash flows from (used in) operating activities: | ||
Net income | $ 1,699 | $ 4,361 |
Adjustments to reconcile to net cash flows from (used in) operating activities: | ||
Gain on divestiture | (4,861) | |
Loss on early extinguishment of debt and related expenses | 239 | |
Depreciation and amortization expense | 63 | 61 |
Deferred income tax expense (benefit) | (10) | 104 |
Pension and postretirement | (88) | (397) |
Tobacco settlement accruals | (663) | (1,114) |
Income taxes | 61 | 770 |
Other, net | 215 | 112 |
Net cash flows from (used in) operating activities | 1,277 | (725) |
Cash flows from (used in) investing activities: | ||
Capital expenditures | (66) | (94) |
Proceeds from settlement of investments | 182 | |
Proceeds from divestiture | 5,015 | |
Other, net | 1 | |
Net cash flows from (used in) investing activities | (65) | 5,103 |
Cash flows from (used in) financing activities: | ||
Dividends paid on common stock | (1,384) | (1,113) |
Repurchase of common stock | (139) | (149) |
Borrowings under revolving credit facility | 500 | |
Repayments of borrowings under revolving credit facility | (500) | |
Early extinguishment of debt | (3,650) | |
Premiums paid for early extinguishment of debt | (207) | |
Proceeds from termination of interest rate swaps | 66 | |
Debt financing fees | (7) | |
Excess tax benefit on stock-based compensation plans | 29 | 26 |
Net cash flows used in financing activities | (1,523) | (5,034) |
Effect of exchange rate changes on cash and cash equivalents | 18 | 7 |
Net change in cash and cash equivalents | (293) | (649) |
Cash and cash equivalents at beginning of period | 2,051 | 2,567 |
Cash and cash equivalents at end of period | 1,758 | 1,918 |
Income taxes paid, net of refunds | 804 | 1,699 |
Interest paid | $ 325 | $ 378 |
CONDENSED CONSOLIDATED BALANCE
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions | Jun. 30, 2017 | Dec. 31, 2016 |
Current assets: | ||
Cash and cash equivalents | $ 1,758 | $ 2,051 |
Accounts receivable | 123 | 66 |
Accounts receivable, related party | 1 | 113 |
Other receivables | 11 | 10 |
Inventories | 1,448 | 1,645 |
Other current assets | 295 | 353 |
Total current assets | 3,636 | 4,238 |
Property, plant and equipment, net of accumulated depreciation (2017 — $1,534; 2016 — $1,662) | 1,338 | 1,348 |
Trademarks and other intangible assets, net of accumulated amortization | 29,432 | 29,444 |
Goodwill | 15,992 | 15,992 |
Other assets and deferred charges | 65 | 73 |
Total assets | 50,463 | 51,095 |
Current liabilities: | ||
Accounts payable | 193 | 221 |
Tobacco settlement accruals | 1,833 | 2,498 |
Due to related party | 7 | |
Deferred revenue, related party | 106 | 66 |
Current maturities of long-term debt | 1,748 | 501 |
Dividends payable on common stock | 727 | 656 |
Other current liabilities | 935 | 1,036 |
Total current liabilities | 5,542 | 4,985 |
Long-term debt (less current maturities) | 11,390 | 12,664 |
Long-term deferred income taxes, net | 9,614 | 9,607 |
Long-term retirement benefits (less current portion) | 1,768 | 1,869 |
Long-term deferred revenue, related party | 19 | 39 |
Other noncurrent liabilities | 244 | 220 |
Commitments and contingencies: | ||
Shareholders’ equity: | ||
Common stock (shares issued: 2017 — 1,426,238,791; 2016 — 1,425,824,955) | ||
Paid-in capital | 18,197 | 18,285 |
Retained earnings | 3,980 | 3,740 |
Accumulated other comprehensive loss | (291) | (314) |
Total shareholders’ equity | 21,886 | 21,711 |
Total liabilities and shareholders' equity | $ 50,463 | $ 51,095 |
CONDENSED CONSOLIDATED BALANCE8
CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Millions | Jun. 30, 2017 | Dec. 31, 2016 |
Statement Of Financial Position [Abstract] | ||
Property, plant and equipment, accumulated depreciation | $ 1,534 | $ 1,662 |
Common stock, shares issued | 1,426,238,791 | 1,425,824,955 |
Business and Summary of Signifi
Business and Summary of Significant Accounting Policies | 6 Months Ended |
Jun. 30, 2017 | |
Accounting Policies [Abstract] | |
Business and Summary of Significant Accounting Policies | Note 1 — Business and Summary of Significant Accounting Policies Overview The condensed consolidated financial statements (unaudited) include the accounts of Reynolds American Inc., referred to as RAI, and its wholly owned subsidiaries. RAI’s wholly owned operating subsidiaries include R. J. Reynolds Tobacco Company; Santa Fe Natural Tobacco Company, Inc., referred to as SFNTC; American Snuff Company, LLC, referred to as American Snuff Co.; R. J. Reynolds Vapor Company, referred to as RJR Vapor; Niconovum USA, Inc.; Niconovum AB; and until their sale on January 13, 2016, as described below, SFR Tobacco International GmbH, referred to as SFRTI, and various foreign subsidiaries affiliated with SFRTI. On January 16, 2017, RAI, British American Tobacco p.l.c., referred to as BAT, BATUS Holdings Inc., an indirect, wholly owned subsidiary of BAT, and Flight Acquisition Corporation, an indirect, wholly owned subsidiary of BAT, referred to as Merger Sub, entered into an Agreement and Plan of Merger, as it and the plan of merger contained therein were amended on June 8, 2017, referred to as the Merger Agreement, pursuant to which, subject to the satisfaction or waiver of certain conditions, Merger Sub would merge with and into RAI, referred to as the BAT Merger, with RAI surviving as an indirect, wholly owned subsidiary of BAT. Pursuant to the terms of the Merger Agreement, the BAT Merger was completed on July 25, 2017. For additional information related to the BAT Merger, see note 14. RAI was incorporated as a holding company in the State of North Carolina in 2004, and, prior to the completion of the BAT Merger, its common stock was listed on the New York Stock Exchange, referred to as NYSE, under the symbol “RAI.” RAI was created to facilitate the business combination of the U.S. business of Brown & Williamson Holdings, Inc., referred to as B&W, an indirect wholly owned subsidiary of BAT, with R. J. Reynolds Tobacco Company, a wholly owned subsidiary of R.J. Reynolds Tobacco Holdings, Inc., referred to as RJR, on July 30, 2004, with such combination referred to as the B&W business combination. References to RJR Tobacco prior to July 30, 2004, relate to R. J. Reynolds Tobacco Company, a New Jersey corporation. References to RJR Tobacco on and subsequent to July 30, 2004 and until June 12, 2015, relate to the combined U.S. assets, liabilities and operations of B&W and R. J. Reynolds Tobacco Company. Concurrent with the completion of the B&W business combination, RJR Tobacco became a North Carolina corporation. References to RJR Tobacco on and subsequent to June 12, 2015, relate to R. J. Reynolds Tobacco Company, a North Carolina corporation, and reflect the effects of (1) RAI’s acquisition, referred to as the Lorillard Merger, on June 12, 2015, of Lorillard, Inc., n/k/a Lorillard, LLC, referred to as Lorillard, and (2) the divestiture, referred to as the Divestiture, of certain assets, on June 12, 2015, by subsidiaries or affiliates of RAI and Lorillard, together with the transfer of certain employees and certain liabilities, to a wholly owned subsidiary of Imperial Brands PLC. Sale of International Rights to the NATURAL AMERICAN SPIRIT Brand On January 13, 2016, RAI, through various subsidiaries, referred to as the Sellers, completed the sale of the international rights to the NATURAL AMERICAN SPIRIT brand name and associated trademarks, along with SFRTI and other international companies that distributed and marketed the brand outside the United States to JT International Holding BV, referred to as JTI Holding, a subsidiary of Japan Tobacco Inc., referred to as JTI, in an all-cash transaction of approximately $5 billion and recognized a pre-tax gain of approximately $4.9 billion. The transaction did not include the rights to the NATURAL AMERICAN SPIRIT brand name and associated trademarks in the U.S. market, U.S. duty-free locations and U.S. territories or in U.S. military outlets, all of which were retained by SFNTC. With this transaction completed, the international rights to nearly all of RAI’s operating companies’ cigarette trademarks are now owned by international tobacco companies. For additional information regarding indemnities related to this sale, see note 7. Operating Segments RAI’s reportable operating segments are RJR Tobacco, Santa Fe and American Snuff. The RJR Tobacco segment consists of the primary operations of R. J. Reynolds Tobacco Company. The Santa Fe segment consists of the primary operations of SFNTC. The American Snuff segment consists of the primary operations of American Snuff Co. Included in All Other, among other RAI subsidiaries, are RJR Vapor, Niconovum USA, Inc., Niconovum AB, and until their sale on January 13, 2016, as described above, SFRTI and various foreign subsidiaries affiliated with SFRTI. The segments were identified based on how RAI’s chief operating decision maker allocates resources and assesses performance. Certain of RAI’s operating subsidiaries have entered into intercompany agreements for products or services with other subsidiaries. As a result, certain activities of an operating subsidiary may be included in a different segment of RAI. For additional information regarding segments, see note 10. RAI’s operating subsidiaries primarily conduct their businesses in the United States. Basis of Presentation The accompanying interim condensed consolidated financial statements (unaudited) have been prepared in accordance with accounting principles generally accepted in the United States of America, referred to as GAAP, for interim financial information and, in management’s opinion, contain all adjustments, consisting only of normal recurring items, necessary for a fair presentation of the results for the periods presented. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. All material intercompany balances have been eliminated. For interim reporting purposes, certain costs and expenses are charged to operations in proportion to the estimated total annual amount expected to be incurred primarily based on sales volumes. The results for the interim periods ended June 30, 2017, are not necessarily indicative of the results that may be expected for a full fiscal year. The condensed consolidated financial statements (unaudited) should be read in conjunction with the consolidated financial statements and related footnotes, which appear in RAI’s Annual Report on Form 10-K for the year ended December 31, 2016. Certain reclassifications were made to conform prior years’ financial statements to the current presentation. Certain amounts presented in note 7 are rounded in the aggregate and may not sum from the individually presented components. All dollar amounts, other than per share amounts, are presented in millions, except for amounts set forth in note 7 and as otherwise noted. Cost of Products Sold Cost of products sold includes, among other expenses, the expenses for the Master Settlement Agreement, referred to as the MSA, and other settlement agreements with the States of Mississippi, Florida, Texas and Minnesota, which together with the MSA are collectively referred to as the State Settlement Agreements, and the user fees charged by the U.S. Food and Drug Administration, referred to as the FDA. These expenses were as follows: For the Three Months Ended June 30, For the Six Months Ended June 30, 2017 2016 2017 2016 State Settlement Agreements $ 758 $ 719 $ 1,485 $ 1,349 FDA user fees 46 49 93 99 In 2012, RJR Tobacco, Lorillard Tobacco Company, LLC., referred to as Lorillard Tobacco, SFNTC and certain other participating manufacturers, referred to as the PMs, entered into a term sheet, referred to as the Term Sheet, with 17 states, the District of Columbia and Puerto Rico to settle certain claims related to the MSA non-participating manufacturer adjustment, referred to as the NPM Adjustment. The Term Sheet resolved claims related to volume years from 2003 through 2012 and puts in place a revised method to determine future adjustments from 2013 forward. In 2013 and 2014, five additional states joined the Term Sheet, including two states that were found to not have diligently enforced their qualifying statutes in 2003. An additional two states joined the Term Sheet in the second quarter of 2017 and, as a result, expenses for the MSA were reduced by $17 million for the three and six months ended June 30, 2017. The parties to the Term Sheet represent an allocable share of 51.73%. As a result of meeting the performance requirements associated with the Term Sheet, RJR Tobacco and Santa Fe, collectively, recognized credits of $16 million and $74 million for the three months ended June 30, 2017 and 2016, respectively, and $26 million and $143 million for the six months ended June 30, 2017 and 2016, respectively. RJR Tobacco expects to recognize additional credits through the remainder of 2017. In October 2015, RJR Tobacco, SFNTC and certain other PMs entered into a settlement agreement with the State of New York, referred to as the NY Settlement Agreement, to settle certain claims related to the NPM Adjustment. The NY Settlement Agreement resolves NPM Adjustment claims related to payment years from 2004 through 2014, providing RJR Tobacco and SFNTC, collectively, with credits, of approximately $290 million, plus interest, subject to meeting various performance obligations. These credits will be applied against annual payments under the MSA over a four-year period, which commenced with the April 2016 MSA payment. RJR Tobacco and Santa Fe, collectively, recognized credits of $26 million and $24 million as a reduction to costs of products sold for the three months ended June 30, 2017 and 2016, respectively, and $49 million and $46 million for the six months ended June 30, 2017 and 2016, respectively. In addition, the NY Settlement Agreement put in place a new method to determine future adjustments from 2015 forward as to New York. For additional information related to the NPM Adjustment settlement and the 2003 NPM Adjustment claim, see “— Litigation Affecting the Cigarette Industry — State Settlement Agreements—Enforcement and Validity; Adjustments” in note 7. Pension and Postretirement Pension and postretirement benefits require balance sheet recognition of the net asset or net liability position of defined benefit pension and postretirement benefit plans, on a plan-by-plan basis, and recognition of changes in the funded status in the year in which the changes occur. Actuarial (gains) losses are changes in the amount of either the benefit obligation or the fair value of plan assets resulting from experience different from that assumed or from changes in assumptions. Differences between actual results and actuarial assumptions are accumulated and recognized as a mark-to-market adjustment, referred to as an MTM adjustment, to the extent such accumulated net (gains) losses exceed 10% of the greater of the fair value of plan assets or benefit obligations, referred to as the corridor. Net (gains) losses outside the corridor are generally recognized annually as of December 31, or when a plan is remeasured during an interim period. Prior service costs (credits) of pension benefits, which are changes in benefit obligations due to plan amendments, are amortized on a straight-line basis over the average remaining service period for active employees, or average remaining life expectancies for inactive employees if most of the plan obligations are due to inactive employees. Prior service costs (credits) of postretirement benefits, which are changes in benefit obligations due to plan amendments, are amortized on a straight-line basis over the expected service period to full eligibility age for active employees, or average remaining life expectancies for inactive employees if most of the plan obligations are due to inactive employees. The components of the net benefit income are set forth below: For the Three Months Ended June 30, For the Six Months Ended June 30, Postretirement Postretirement Pension Benefits Benefits Pension Benefits Benefits 2017 2016 2017 2016 2017 2016 2017 2016 Service cost $ 5 $ 4 $ 1 $ — $ 9 $ 8 $ 1 $ 1 Interest cost 67 74 11 11 134 148 22 24 Expected return on plan assets (97 ) (93 ) (3 ) (2 ) (194 ) (186 ) (5 ) (5 ) Amortization of prior service cost (credit) — — (9 ) (10 ) 1 1 (18 ) (21 ) Net benefit income $ (25 ) $ (15 ) $ — $ (1 ) $ (50 ) $ (29 ) $ — $ (1 ) RAI disclosed in its financial statements for the year ended December 31, 2016, that it expects to contribute $111 million to its pension plans in 2017, of which $7 million was contributed during the first six months of 2017. Fair Value Measurement Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date, essentially an exit price. RAI determines the fair value of assets and liabilities using a fair value hierarchy that distinguishes between market participant assumptions based on market data obtained from sources independent of the reporting entity, and the reporting entity’s own assumptions about market participant assumptions based on the best information available in the circumstances. The levels of the fair value hierarchy are: Level 1: inputs are quoted prices, unadjusted, in active markets for identical assets or liabilities that the reporting entity has the ability to access at the measurement date. Level 2: inputs are other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly. A Level 2 input must be observable for substantially the full term of the asset or liability. Level 3: inputs are unobservable and reflect the reporting entity’s own assumptions about the assumptions that market participants would use in pricing the asset or liability. As of June 30, 2017 and December 31, 2016, the fair value of RAI’s cash equivalents was $1.7 billion and $2.0 billion, respectively, and was classified in Level 1 of the fair value hierarchy for both periods. The estimated fair value of RAI’s outstanding consolidated debt, in the aggregate, was $14.7 billion and $14.3 billion as of June 30, 2017 and December 31, 2016, respectively. The fair value is derived from a third party pricing source utilizing market quotes, credit spreads and discounted cash flows, as appropriate, and is classified in Level 2 of the fair value hierarchy. Additionally, RAI sponsors a number of non-contributory defined benefit pension plans covering certain employees of RAI and its subsidiaries, and investments in plan assets to fund these obligations are carried at their fair value as of December 31, 2016, and after adjustments for expected returns, cash contributions and benefit payments made in the interim period. Recently Adopted Accounting Pronouncements In March 2016, the Financial Accounting Standards Board, referred to as FASB, issued Accounting Standards Update, referred to as ASU, 2016-09, Compensation—Stock Compensation (Topic 718)—Improvements to Employee Share-Based Payment Accounting, Recently Issued Accounting Pronouncements In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606), • ASU 2016-08, Revenue from Contracts with Customers (Topic 606)—Principal versus Agent Considerations (Reporting Revenue Gross versus Net), • ASU 2016-10, Revenue from Contracts with Customers (Topic 606)—Identifying Performance Obligations and Licensing, • ASU 2016-11, Revenue Recognition (Topic 605) and Derivatives and Hedging (Topic 815)—Rescission of SEC Guidance Because of Accounting Standards Updates 2014-09 and 2014-16 Pursuant to Staff Announcements at the March 3, 2016 Emerging Issues Task Force Meeting; • ASU 2016-12, Revenue from Contracts with Customers (Topic 606)—Narrow-Scope Improvements and Practical Expedients, • ASU 2016-20, Technical Corrections and Improvements to Topic 606, Revenue from Contracts with Customers During 2016, RAI substantially completed its assessment of ASU 2014-09 to identify any potential changes in the amount and timing of revenue recognition for its current contracts and the expected impact on its business processes, systems and controls. may be applied retrospectively to each prior period presented (full retrospective method) or retrospectively with the cumulative effect recognized as of the date of initial application (modified retrospective method). In January 2016, the FASB issued ASU 2016-01, Financial Instruments—Overall (Subtopic 825-10)—Recognition and Measurement of Financial Assets and Liabilities, In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842), Revenue from Contracts with Customers. In June 2016, the FASB issued ASU 2016-13, Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments, In August 2016, the FASB issued ASU 2016-15, Statement of Cash Flows (Topic 230)—Classification of Certain Cash Receipts and Cash Payments (a consensus of the FASB Emerging Issues Task Force), In November 2016, the FASB issued ASU 2016-18, Statement of Cash Flows (Topic 230)—Restricted Cash (a consensus of the FASB Emerging Issues Task Force), In January 2017, the FASB issued ASU 2017-01, Business Combinations (Topic 805)—Clarifying the Definition of a Business, In January 2017, the FASB issued ASU 2017-04, Intangibles—Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment, In March 2017, the FASB issued ASU 2017-07, Compensation—Retirement Benefits (Topic 715)—Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost, In May 2017, the FASB issued ASU 2017-09, Compensation—Stock Compensation (Topic 718) —Scope of Modification Accounting, |
Intangible Assets
Intangible Assets | 6 Months Ended |
Jun. 30, 2017 | |
Goodwill And Intangible Assets Disclosure [Abstract] | |
Intangible Assets | Note 2 — Intangible Assets The changes in the carrying amounts of goodwill by segment were as follows: RJR Tobacco Santa Fe American Snuff All Other Consolidated Balance as of December 31, 2016 Goodwill $ 17,069 $ 197 $ 2,501 $ 16 $ 19,783 Less: accumulated impairment charges (3,763 ) — (28 ) — (3,791 ) $ 13,306 $ 197 $ 2,473 $ 16 $ 15,992 Balance as of June 30, 2017 Goodwill $ 17,069 $ 197 $ 2,501 $ 16 $ 19,783 Less: accumulated impairment charges (3,763 ) — (28 ) — (3,791 ) $ 13,306 $ 197 $ 2,473 $ 16 $ 15,992 The carrying amounts and changes therein of trademarks and other intangible assets by segment were as follows: RJR Tobacco Santa Fe American Snuff All Other Consolidated Trademarks Other Trademarks Trademarks Other Trademarks Other Indefinite-lived: Balance as of December 31, 2016 $ 27,826 $ 87 $ 136 $ 1,136 $ — $ 29,098 $ 87 Balance as of June 30, 2017 $ 27,826 $ 87 $ 136 $ 1,136 $ — $ 29,098 $ 87 Finite-lived: Balance as of December 31, 2016 $ 12 $ 229 $ — $ 5 $ 13 $ 17 $ 242 Amortization (3 ) (8 ) — — (1 ) (3 ) (9 ) Balance as of June 30, 2017 $ 9 $ 221 $ — $ 5 $ 12 $ 14 $ 233 Details of finite-lived intangible assets were as follows: June 30, 2017 December 31, 2016 Gross Accumulated Amortization Net Gross Accumulated Amortization Net Customer lists $ 240 $ (25 ) $ 215 $ 240 $ (19 ) $ 221 Contract manufacturing agreement 151 (145 ) 6 151 (143 ) 8 Trademarks 124 (110 ) 14 124 (107 ) 17 Other intangibles 15 (3 ) 12 15 (2 ) 13 $ 530 $ (283 ) $ 247 $ 530 $ (271 ) $ 259 The estimated remaining amortization expense associated with finite-lived intangible assets is expected to be as follows: Year Amount Remainder of 2017 $ 11 2018 22 2019 16 2020 15 2021 14 Thereafter 169 $ 247 |
Income Per Share
Income Per Share | 6 Months Ended |
Jun. 30, 2017 | |
Earnings Per Share [Abstract] | |
Income Per Share | Note 3 — Income Per Share The components of the calculation of income per share were as follows: For the Three Months Ended June 30, For the Six Months Ended June 30, 2017 2016 2017 2016 Net income $ 919 $ 796 $ 1,699 $ 4,361 Basic weighted average shares, in thousands 1,426,578 1,427,413 1,426,412 1,427,430 Effect of dilutive potential shares: Restricted stock units 2,138 2,554 2,697 3,088 Diluted weighted average shares, in thousands 1,428,716 1,429,967 1,429,109 1,430,518 For additional information regarding dilutive shares, see “— Recently Adopted Accounting Pronouncements” in note 1. |
Inventories
Inventories | 6 Months Ended |
Jun. 30, 2017 | |
Inventory Disclosure [Abstract] | |
Inventories | Note 4 — Inventories The major components of inventories were as follows: June 30, 2017 December 31, 2016 Leaf tobacco $ 1,222 $ 1,436 Other raw materials 99 77 Work in process 72 81 Finished products 175 165 Other 23 25 Total 1,591 1,784 LIFO allowance (143 ) (139 ) $ 1,448 $ 1,645 RJR Tobacco performs its annual LIFO inventory valuation at December 31. Interim periods represent an estimate of the expected annual valuation. |
Income Taxes
Income Taxes | 6 Months Ended |
Jun. 30, 2017 | |
Income Tax Disclosure [Abstract] | |
Income Taxes | Note 5 — Income Taxes The provision for income taxes was as follows: For the Three Months For the Six Months Ended June 30, Ended June 30, 2017 2016 2017 2016 Provision for income taxes $ 479 $ 470 $ 874 $ 2,624 Effective tax rate 34.3 % 37.1 % 34.0 % 37.6 % The effective tax rate for the six months ended June 30, 2017, was primarily impacted by a $29 million decrease in tax attributable to excess tax benefits on stock-based compensation plans and a reduction in state taxes. The effective tax rate for the six months ended June 30, 2016, was primarily impacted by an increase in tax attributable to the sale of the international rights to the NATURAL AMERICAN SPIRIT brand name and associated trademarks, along with the international companies that distributed and marketed the brand outside the United States. Additionally, the effective tax rate for each period differed from the federal statutory rate of 35% due to the domestic manufacturing deduction, state income taxes and certain nondeductible items. |
Credit Agreement
Credit Agreement | 6 Months Ended |
Jun. 30, 2017 | |
Debt Disclosure [Abstract] | |
Credit Agreement | Note 6 — Credit Agreement In December 2014, RAI entered into a credit agreement, referred to as the Credit Agreement, with a syndicate of lenders, providing for a five-year, $2 billion senior unsecured revolving credit facility. The maturity date of the Credit Agreement had been extended to December 18, 2021. Effective July 25, 2017, RAI terminated the Credit Agreement in connection with the completion of the BAT Merger. For additional information related to the Credit Agreement termination and the BAT Merger, see note 14. The following information is a description of the Credit Agreement prior to its termination on July 25, 2017. Subject to certain conditions, RAI was able to use the revolving credit facility under the Credit Agreement for borrowings and issuances of letters of credit at its option, subject to a $300 million sublimit on the aggregate amount of letters of credit. Issuances of letters of credit reduced availability under such revolving credit facility. The Credit Agreement contained certain customary restrictive covenants, and two financial covenants – a consolidated leverage ratio covenant and a consolidated interest coverage ratio covenant. The Credit Agreement contained customary events of default, including upon a change in control, as defined therein, which could result in the acceleration of all amounts outstanding and cancellation of all commitments outstanding under the Credit Agreement. The lenders’ obligations under the Credit Agreement to fund borrowings were subject to the accuracy of RAI’s representations and warranties and the absence of any default, provided, however, that the accuracy of RAI’s representation as to the absence of any material adverse effect, as defined in the Credit Agreement, was not a condition to borrowing for the purpose of refinancing any maturing commercial paper. Under the terms of the Credit Agreement, RAI was required to pay a facility fee per annum of between 0.100% and 0.275%, based generally on the ratings of RAI’s senior, unsecured, long-term indebtedness, on the lender commitments in respect of the revolving credit facility thereunder. Borrowings under the Credit Agreement bore interest, at the option of RAI, at a rate equal to an applicable margin based generally on the ratings of RAI’s senior, unsecured, long-term indebtedness, plus: • the alternate base rate – the higher of (1) the federal funds effective rate from time to time plus 0.5%, (2) the prime rate and (3) the reserve adjusted eurodollar rate for a one month interest period plus 1%; or • the eurodollar rate – the reserve adjusted rate at which eurodollar deposits for one, two, three or six months are offered in the interbank eurodollar market. Overdue principal outstanding under the revolving credit facility of the Credit Agreement bore interest at a rate equal to the rate then in effect with respect to such borrowings, plus 2.0% per annum. Any amount besides principal that became overdue bore interest at a rate equal to 2.0% per annum in excess of the rate of interest applicable to base rate loans. Certain of RAI’s subsidiaries, including its Material Subsidiaries, as defined in the Credit Agreement, had guaranteed, on an unsecured basis, RAI’s obligations under the Credit Agreement. The same subsidiaries that guaranteed the Credit Agreement also guaranteed RAI’s outstanding notes. Under the terms of the indenture governing RAI’s outstanding notes, if any guarantor of such notes ceased to be a guarantor under the Credit Agreement (or any replacement or refinancing thereof), that guarantor would be released automatically from all of its obligations under the RAI indenture and its guarantee of the RAI notes. In connection with the termination of the Credit Agreement on July 25, 2017, the subsidiary guarantees of the Credit Agreement also terminated. For information regarding the impact of the BAT Merger on the guarantees of RAI’s indenture and outstanding notes, see note 14. In the first six months of 2017, RAI borrowed and repaid $500 million under the Credit Agreement at an interest rate of 2.15%. As of June 30, 2017, there were no outstanding borrowings and no letters of credit outstanding under the Credit Agreement. |
Commitments and Contingencies
Commitments and Contingencies | 6 Months Ended |
Jun. 30, 2017 | |
Commitments And Contingencies Disclosure [Abstract] | |
Commitments and Contingencies | Note 7 — Commitments and Contingencies Tobacco Litigation — General Introduction Litigation, claims, and other legal proceedings relating to the use of, exposure to, or purchase of tobacco products are pending or may be instituted in the future against RJR Tobacco (including as successor by merger to Lorillard Tobacco), American Snuff Co., SFNTC, RJR Vapor, RAI, Lorillard, other RAI affiliates, and indemnitees (including but not limited to B&W), sometimes referred to collectively as Reynolds Defendants. These pending legal proceedings include claims relating to cigarette products manufactured by RJR Tobacco, Lorillard Tobacco, SFNTC or certain of their affiliates or indemnitees, smokeless tobacco products manufactured by American Snuff Co., and e-cigarette products manufactured on behalf of and marketed by RJR Vapor. A discussion of the legal proceedings relating to cigarette products (and e-cigarettes) is set forth below under the heading “— Litigation Affecting the Cigarette Industry.” All of the references under that heading to tobacco-related litigation, smoking and health litigation and other similar references are references to legal proceedings relating to cigarette products or e-cigarettes, as the case may be, and are not references to legal proceedings involving smokeless tobacco products, and case numbers under that heading include only cases involving cigarette products and e-cigarettes. The legal proceedings relating to the smokeless tobacco products manufactured by American Snuff Co. are discussed separately under the heading “— Smokeless Tobacco Litigation” below. In connection with the B&W business combination, RJR Tobacco undertook certain indemnification obligations with respect to B&W and its affiliates, including its indirect parent, BAT. As a result of the BAT Merger, these indemnification obligations are now intercompany obligations. See “— Litigation Affecting the Cigarette Industry — Overview — Introduction” below. In connection with the Lorillard Merger and the Divestiture, as applicable, RAI and RJR Tobacco undertook certain indemnification obligations. See “— Litigation Affecting the Cigarette Industry — Overview — Introduction,” “— Other Contingencies — ITG Indemnity,” and “— Other Contingencies — Loews Indemnity” below. In addition, in connection with the sale of the non-U.S. operations and business of the NATURAL AMERICAN SPIRIT brand, the Sellers have agreed to indemnify the buyer for certain claims. See “— Other Contingencies — JTI Indemnities” below. Certain Terms and Phrases Certain terms and phrases used in this footnote may require some explanation. The term “judgment” or “final judgment” refers to the final decision of the court resolving the dispute and determining the rights and obligations of the parties. At the trial court level, for example, a final judgment generally is entered by the court after a jury verdict and after post-verdict motions have been decided. In most cases, the losing party can appeal a verdict only after a final judgment has been entered by the trial court. The term “damages” refers to the amount of money sought by a plaintiff in a complaint, or awarded to a party by a jury or, in some cases, by a judge. “Compensatory damages” are awarded to compensate the prevailing party for actual losses suffered, if liability is proved. In cases in which there is a finding that a defendant has acted willfully, maliciously or fraudulently, generally based on a higher burden of proof than is required for a finding of liability for compensatory damages, a plaintiff also may be awarded “punitive damages.” Although damages may be awarded at the trial court stage, a losing party generally may be protected from paying any damages until all appellate avenues have been exhausted by posting a supersedeas bond. The amount of such a bond is governed by the law of the relevant jurisdiction and generally is set at the amount of damages plus some measure of statutory interest, modified at the discretion of the appropriate court or subject to limits set by a court or statute. The term “ per curiam The term “settlement” refers to certain types of cases in which cigarette manufacturers, including RJR Tobacco, B&W and Lorillard Tobacco, have agreed to resolve disputes with certain plaintiffs without resolving the cases through trial. The principal terms of certain settlements entered into by RJR Tobacco, B&W and Lorillard Tobacco are explained below under “— Accounting for Tobacco-Related Litigation Contingencies.” Theories of Recovery The plaintiffs seek recovery on a variety of legal theories, including negligence, strict liability in tort, design defect, failure to warn, fraud, misrepresentation, violations of unfair and deceptive trade practices statutes, conspiracy, medical monitoring and violations of state and federal antitrust laws. In certain of these cases, the plaintiffs claim that cigarette smoking exacerbated injuries caused by exposure to asbestos or, in the case of certain claims asserted against Lorillard Tobacco, that they were injured by exposure to filters containing asbestos used in one cigarette brand for roughly four years before 1957, the latter cases referred to as Filter Cases. The plaintiffs seek various forms of relief, including compensatory and, where available, punitive damages, treble or multiple damages and statutory damages and penalties, creation of medical monitoring and smoking cessation funds, disgorgement of profits, and injunctive and other equitable relief. Although alleged damages often are not determinable from a complaint, and the law governing the pleading and calculation of damages varies from jurisdiction to jurisdiction, compensatory and punitive damages have been specifically pleaded in a number of cases, sometimes in amounts ranging into the hundreds of millions and even billions of dollars. Defenses The defenses raised by Reynolds Defendants include, where applicable and otherwise appropriate, preemption by the Federal Cigarette Labeling and Advertising Act of some or all claims arising after 1969, or by the Comprehensive Smokeless Tobacco Health Education Act for claims arising after 1986, the lack of any defect in the product, assumption of the risk, contributory or comparative fault, lack of proximate cause, remoteness, lack of standing, statutes of limitations or repose and others. RAI, RJR and Lorillard have asserted additional defenses, including jurisdictional defenses, in many of the cases in which they are named. Accounting for Tobacco-Related Litigation Contingencies In accordance with GAAP, RAI and its subsidiaries record any loss concerning litigation at such time as an unfavorable outcome becomes probable and the amount can be reasonably estimated on an individual case-by-case basis. For the reasons set forth below, RAI’s management continues to conclude that the loss of any particular pending tobacco-related litigation claim against the Reynolds Defendants, when viewed on an individual basis, is not probable, except for certain Engle Reynolds Defendants believe that they have valid defenses to the tobacco-related litigation claims against them, as well as valid bases for appeal of adverse verdicts against them. Reynolds Defendants have, through their counsel, filed pleadings and memoranda in pending tobacco-related litigation that set forth and discuss a number of grounds and defenses that they and their counsel believe have a valid basis in law and fact. With the exception of the Engle Engle RAI’s condensed consolidated balance sheet (unaudited) as of June 30, 2017, contains accruals for the following Engle Starr-Blundell, Monroe, Lourie, Lewis, Block Ward Ward . Lawrence Buonomo U.S. Department of Justice It is the policy of Reynolds Defendants to defend tobacco-related litigation claims vigorously; generally, Reynolds Defendants and indemnitees do not settle such claims. However, Reynolds Defendants may enter into settlement discussions in some cases, if they believe it is in their best interests to do so. Exceptions to this general approach include, but are not limited to, actions taken pursuant to “offer of judgment” statutes, as described below in “ — Litigation Affecting the Cigarette Industry — Overview,” and Filter Cases, as described below in “— Litigation Affecting the Cigarette Industry – Filter Cases,” as well as other historical examples discussed below. With respect to smoking and health tobacco litigation claims, the only significant settlements reached by RJR Tobacco, Lorillard Tobacco and B&W involved: • the State Settlement Agreements and the funding by various tobacco companies of a $5.2 billion trust fund contemplated by the MSA to benefit tobacco growers; • the original Broin Broin II • most of the Engle The circumstances surrounding the State Settlement Agreements and the funding of a trust fund to benefit the tobacco growers are readily distinguishable from the current categories of tobacco-related litigation claims involving Reynolds Defendants. In the claims underlying the State Settlement Agreements, the states sought to recover funds paid for health care and medical and other assistance to state citizens suffering from diseases and conditions allegedly related to tobacco use. The State Settlement Agreements settled all the health-care cost recovery actions brought by, or on behalf of, the settling jurisdictions and contain releases of various additional present and future claims. In accordance with the MSA, various tobacco companies agreed to fund a $5.2 billion trust fund to be used to address the possible adverse economic impact of the MSA on tobacco growers. A discussion of the State Settlement Agreements, and a table depicting the related payment schedule, is set forth below under “— Litigation Affecting the Cigarette Industry — Health-Care Cost Recovery Cases.” As with claims that were resolved by the State Settlement Agreements, the other cases settled by RJR Tobacco can be distinguished from existing cases pending against the Reynolds Defendants. The original Broin Broin II The federal Engle Engle Engle Engle Engle Engle Engle Engle In 2010, RJR Tobacco entered into a comprehensive agreement with the Canadian federal, provincial and territorial governments, which resolved all civil claims related to the movement of contraband tobacco products in Canada during the period 1985 through 1999 that the Canadian governments could assert against RJR Tobacco and its affiliates. These claims involved different theories of recovery than the other tobacco-related litigation claims pending against the Reynolds Defendants. Also, in 2004, RJR Tobacco and B&W separately settled the antitrust case DeLoach v. Philip Morris Cos., Inc., DeLoach Finally, as discussed under “— Litigation Affecting the Cigarette Industry — State Settlement Agreements—Enforcement and Validity; Adjustments,” RJR Tobacco, B&W and Lorillard Tobacco each has settled certain cases brought by states concerning the enforcement of State Settlement Agreements. Despite legal defenses believed to be valid, these cases were settled to avoid further contentious litigation with the states involved. These enforcement actions involved alleged breaches of State Settlement Agreements based on specific actions taken by particular defendants. Accordingly, any future enforcement actions involving State Settlement Agreements will be reviewed by RJR Tobacco on the merits and should not be affected by the settlement of prior enforcement cases. Cautionary Statement Even though RAI’s management continues to believe that the loss of particular pending tobacco-related litigation claims against Reynolds Defendants, when viewed on an individual case-by-case basis, is not probable or estimable (except for certain Engle Although Reynolds Defendants believe that they have valid bases for appeals of adverse verdicts in their pending cases and valid defenses to all actions and intend to defend them vigorously as described above, it is possible that there could be further adverse developments in pending cases, and that additional cases could be decided unfavorably against Reynolds Defendants. Determinations of liability or adverse rulings in such cases or in similar cases involving other cigarette manufacturers as defendants, even if such judgments are not final, could have a material adverse effect on the litigation against Reynolds Defendants and could encourage the commencement of additional tobacco-related litigation. Reynolds Defendants also may enter into settlement discussions in some cases, if they believe it is in their best interests to do so. In addition, a number of political, legislative, regulatory and other developments relating to the tobacco industry and cigarette smoking have received wide media attention. These developments may negatively affect the outcomes of tobacco-related legal actions and encourage the commencement of additional similar litigation. Although it is impossible to predict the outcome of such events on pending litigation and the rate new lawsuits may be filed against Reynolds Defendants, a significant increase in litigation or in adverse outcomes for tobacco defendants, or difficulties in obtaining the bonding required to stay execution of judgments on appeal, could have a material adverse effect on any or all of these entities. Moreover, notwithstanding the quality of defenses available to Reynolds Defendants in litigation matters, it is possible that RAI’s results of operations, cash flows or financial position could be materially adversely affected by the ultimate outcome of certain pending litigation or future claims against Reynolds Defendants. Litigation Affecting the Cigarette Industry Table of Contents Page Overview 18 Individual Smoking and Health Cases 21 West Virginia IPIC 22 Engle and Engle Progeny Cases 23 Broin II Cases 39 Class-Action Suits 39 Filter Cases 43 Health-Care Cost Recovery Cases 44 State Settlement Agreements—Enforcement and Validity; Adjustments 49 Other Litigation and Developments 53 Overview Introduction. In connection with the B&W business combination, RJR Tobacco agreed to indemnify B&W and its affiliates against, among other things, certain litigation liabilities, costs and expenses incurred by B&W or its affiliates arising out of the U.S. cigarette and tobacco business of B&W. Also, in connection with the Lorillard Merger, Lorillard Tobacco was merged into RJR Tobacco with RJR Tobacco being the surviving entity, Lorillard Tobacco ceasing to exist, and RJR Tobacco succeeding to Lorillard Tobacco’s liabilities, including Lorillard Tobacco’s litigation liabilities, costs and expenses, referred to as the Lorillard Tobacco Merger. Although Lorillard Tobacco no longer exists as a result of the Lorillard Tobacco Merger, it will remain as a named party in cases pending on the date of the Lorillard Tobacco Merger until courts grant motions to substitute RJR Tobacco for Lorillard Tobacco or the claims are dismissed. The cases discussed below include cases brought against RJR Tobacco, Lorillard Tobacco and their affiliates and indemnitees, including RAI, RJR, B&W and Lorillard. Cases brought against SFNTC and RJR Vapor also are discussed. During the second quarter of 2017, 35 tobacco-related cases were served against Reynolds Defendants. On June 30, 2017, there were, subject to the exclusions described immediately below, 249 cases pending against Reynolds Defendants: 232 in the United States and 17 in Canada, as compared with 286 total cases on June 30, 2016. Of the U.S. cases pending on June 30, 2017, 37 are pending in federal court, 194 in state court and one in tribal court, primarily in the following states: Illinois (51 cases); Massachusetts (35 cases); Florida (29 cases); New York (18 cases); Missouri (16 cases); New Mexico (16 cases); and Louisiana (10 cases). The U.S. case number excludes the approximately 564 individual smoker cases pending in West Virginia state court as a consolidated action, 2,694 Engle Broin II The following table lists the categories of the U.S. tobacco-related cases pending against Reynolds Defendants as of June 30, 2017, and the increase or decrease from the number of cases pending against Reynolds Defendants as of March 31, 2017, as reported in RAI’s Quarterly Report on Form 10-Q for the fiscal quarter ended March 31, 2017, filed with the U.S. Securities and Exchange Commission, referred to as the SEC, on May 3, 2017, and a cross-reference to the discussion of each case type. Case Type U.S. Case Numbers as of June 30, 2017 Change in Number of Cases Since March 31, 2017 Increase/(Decrease) Individual Smoking and Health Cases 104 (33) West Virginia IPIC (Number of Plaintiffs)* 1 (approx. 564) No change Engle Progeny Cases (Number of Plaintiffs)** 2,694 (approx. 3,492) (83) (78) Broin Cases 2,346 (6) Class-Action Suits 28 1 Filter Cases 73 (5) Health-Care Cost Recovery Cases 2 No change State Settlement Agreements—Enforcement and Validity; Adjustments 2 No change Other Litigation and Developments 22 (2) * Includes as one case the approximately 564 cases pending as a consolidated action In Re: Tobacco Litigation Individual Personal Injury Cases West Virginia IPIC West Virginia IPIC ** The Engle The Florida state court class-action case, Engle v. R. J. Reynolds Tobacco Co. Engle Engle Engle Engle Engle Scheduled Trials Trial Results Engle Engle Engle Engle Engle In November 1998, the major U.S. cigarette manufacturers, including RJR Tobacco, B&W and Lorillard Tobacco, entered into the MSA with 46 U.S. states, Washington, D.C. and certain U.S. territories and possessions. These cigarette manufacturers previously settled four other cases, brought on behalf of Mississippi, Florida, Texas and Minnesota, by separate agreements with each state. These State Settlement Agreements: • settled all health-care cost recovery actions brought by, or on behalf of, the settling jurisdictions; • released the major U.S. cigarette manufacturers from various additional present and potential future claims; • imposed future payment obligations in perpetuity on RJR Tobacco, B&W, Lorillard Tobacco and other major U.S. cigarette manufacturers; and • placed significant restrictions on their ability to market and sell cigarettes and smokeless tobacco products. Payments under the State Settlement Agreements are subject to various adjustments for, among other things, the volume of cigarettes sold, relative market share, operating profit and inflation. See “— Health-Care Cost Recovery Cases — State Settlement Agreements” below for a detailed discussion of the State Settlement Agreements, including RAI’s operating subsidiaries’ monetary obligations under these agreements. RJR Tobacco records the allocation of settlement charges as products are shipped. Scheduled Trials. Trial schedules are subject to change, and many cases are dismissed before trial. There are 32 cases, exclusive of Progeny cases, scheduled for trial as of June 30, 2017 through June 30, 2018 , for RJR Tobacco, B&W, Lorillard Tobacco or their affiliates and indemnitees: five individual smoking and health cases, 25 Filter Cases, and two other non-smoking and health cases. There are also approximately 117 Progeny cases against RJR Tobacco, B&W and/or Lorillard Tobacco set for trial through June 30, 2018. It is not known how many of these cases will actually be tried. Trial Results. From January 1, 2014 through June 30, 2017, 141 individual smoking and health, Progeny, Filter and health-care cost recovery cases in which RJR Tobacco, B&W and/or Lorillard Tobacco were defendants were tried, including ten trials for cases where mistrials were declared in the original proceedings. Verdicts in favor of RJR Tobacco, B&W and Lorillard Tobacco and, in some cases, other defendants, were returned in 67 cases, tried in Florida (41), California (1) and New Jersey (1). There were also 24 mistrials in Florida. Verdicts in favor of the plaintiffs were returned in 65 cases tried in Florida, and one in California. Six cases in Florida were dismissed during trial. One case in Florida was a retrial only as to the amount of damages. In another case in Florida, the jury entered a partial verdict that did not include compensatory or punitive damages, and post-trial motions are pending. In the second quarter of 2017, eight Engle • In Schlefstein v. R. J. Reynolds Tobacco Co. • In Lima v. R. J. Reynolds Tobacco Co • In Shadd v. R. J. Reynolds Tobacco Co. • In Lawrence v. R. J. Reynolds Tobacco Co. • In Sheffield v. R. J. Reynolds Tobacco Co. • In Olson v. R. J. Reynolds Tobacco Co. • In Kogan v. R. J. Reynolds Tobacco Co. • In Gay v. R. J. Reynolds Tobacco Co. In addition, since the end of the second quarter of 2017, two other Engle • In Maloney v. R. J. Reynolds Tobacco Co. • In Thomas v. R. J. Reynolds Tobacco Co. For a detailed description of the above-described cases, see “— Engle Engle In the second quarter of 2017, no non- Engle In the second quarter of 2017, no Filter cases, in which RJR Tobacco and/or Lorillard Tobacco was a defendant, were tried. For information on the verdicts in the Engle Engle Engle Engle Engle Date of Verdict Case Name/Type Jurisdiction Verdict August 17, 2006 United States v. Philip Morris USA, Inc. [Governmental Health-Care Cost Recovery] U.S. District Court, District of Columbia, (Washington, D.C.) RJR Tobacco, B&W and Lorillard Tobacco were found liable for civil RICO claims; were enjoined from using certain brand descriptors and from making certain misrepresentations; and were ordered to make corrective communications on five subjects, including smoking and health and addiction, to reimburse the U.S. Department of Justice appropriate costs associated with the lawsuit, and to maintain document web sites. May 26, 2010 Izzarelli v. R. J. Reynolds Tobacco Co. [Individual] U.S. District Court, District of Connecticut, (Bridgeport, CT) $13.76 million in compensatory damages; 58% of fault assigned to RJR Tobacco, which reduced the award to $7.98 million against RJR Tobacco; $3.97 million in punitive damages. September 13, 2013 DeLisle v. A. W. Chesterton Co. [Filter] Circuit Court, Broward County, (Ft. Lauderdale, FL) $8 million in compensatory damages; 44% of fault assigned to Lorillard Tobacco, which reduced the award to $3.52 million against Lorillard Tobacco. July 30, 2014 Major v. Lorillard Tobacco Co. [Individual] Superior Court, Los Angeles County, (Los Angeles, CA) $17.74 million in compensatory damages; 17% of fault assigned to Lorillard Tobacco, which reduced the award to $3.78 million against Lorillard Tobacco. July 8, 2015 Larkin v. R. J. Reynolds Tobacco Co. [Individual] Circuit Court, Miami-Dade County, (Miami, FL) $4.96 million in compensatory damages; 62% of fault assigned to RJR Tobacco; $8.5 million in punitive damages. Comparative fault did not apply to the final judgment. For information on the post-trial status of individual smoking and health cases, the governmental health-care cost recovery case and the Filter Cases, see “— Individual Smoking and Health Cases,” “— Health-Care Cost Recovery Cases — U.S. Department of Justice Case,” and “— Filter Cases,” respectively, below. Individual Smoking and Health Cases As of June 30, 2017, 104 individual cases were pending in the United States against RJR Tobacco, B&W (as RJR Tobacco’s indemnitee), Lorillard Tobacco or all three. This category of cases includes smoking and health cases alleging personal injuries caused by tobacco use or exposure brought by or on behalf of individual plaintiffs based on theories of negligence, strict liability, breach of express or implied warranty, and violations of state deceptive trade practices or consumer protection statutes. The plaintiffs seek to recover compensatory damages, attorneys’ fees and costs, and punitive damages. The category does not include the Broin II, Engle West Virginia IPIC Below is a description of the non- Engle On May 26, 2010, in Izzarelli v. R. J. Reynolds Tobacco Co Bifolck v. Philip Morris, Inc. en banc On July 30, 2014, in Major v. Lorillard Tobacco Co. On July 8, 2015, in Larkin v. R. J. Reynolds Tobacco Co. en banc On February 8, 2016, in Pooshs v. Philip Morris USA, Inc. Major West Virginia IPIC In re: Tobacco Litigation Individual Personal Injury Cases (Cir. Ct. Ohio County, W. Va., filed beginning in 1999), is a series of roughly 1,200 individual cases asserting claims against Philip Morris USA Inc., Lorillard Tobacco, RJR Tobacco, B&W and The American Tobacco Company based on alleged personal injuries The cases were consolidated for a Phase I trial on various defense conduct issues, to be followed in Phase II by individual trials of remaining claims. On May 15, 2013, the Phase I jury found that defendants’ cigarettes were not defectively designed; defendants’ cigarettes were not defective due to a failure to warn before July 1, 1969; defendants were not negligent, did not breach warranties, and did not engage in conduct warranting punitive damages; and defendants’ ventilated filter cigarettes manufactured and sold between 1964 and July 1, 1969 were defective for a failure to instruct. In November 2014, the West Virginia Supreme Court affirmed the verdict. On June 8, 2015, the U.S. Supreme Court denied the plaintiffs’ petition for writ of certiorari. On the same date, the trial court issued an order finding that only 30 plaintiffs are alleged to have smoked ventilated filter cigarettes in the relevant period. On October 9, 2015, the trial court outlined the procedures for resolving the claims of the 30 Phase II plaintiffs, which claims will focus on whether plaintiffs blocked cigarette vents and, if so, whether blocking proximately caused their alleged injuries. Five cases were selected to be the first claims tried, and they are tentatively scheduled to be tried beginning in May 2018 . In June 2017, the defendants filed a motion to dismiss the failure to instruct claims because the plaintiffs failed to meet the court’s deadline to produce experts to support this theory of liability. A decision is pending. In addition to the foregoing claims, various plaintiffs in 1999 and 2000 asserted claims against retailers and distributors. Those claims were severed and stayed pending the outcome of Phase I. Also, 41 plaintiffs asserted smokeless tobacco claims against various smokeless manufacturers, including 14 claims against certain Reynolds Defendants. Those claims were severed from IPIC Engle and Engle Progeny Cases In July 1998, trial began in Engle v. R. J. Reynolds Tobacco Co., , On July 14, 2000, the jury in Phase II awarded the class a total of approximately $145 billion in punitive damages, which were apportioned $36.3 billion to RJR Tobacco, $17.6 billion to B&W, and $16.3 billion to Lorillard Tobacco. The defendants appealed. On December 21, 2006, the Florida Supreme Court prospectively decertified the class and set aside the jury’s Phase II punitive damages award. But the court preserved certain of the jury’s Phase I findings, including that cigarettes can cause certain diseases, nicotine is addictive, and defendants placed defective cigarettes on the market, breached duties of care, concealed health-related information, and conspired. The court also authorized former class members to file individual lawsuits within one year, and it stated that the preserved findings would have res judicata In the year after the Florida Supreme Court’s Engle Engle Engle Engle Engle Engle At the beginning of the Engle Engle Engle en banc Engle Hess v. Philip Morris USA Inc. Russo v. Philip Morris USA Inc. Engle Graham v. R. J. Reynolds Tobacco Co. Engle en banc en banc Marotta v. R. J. Reynolds Tobacco Co. Graham Engle Marotta, Engle In June 2009, Florida amended its existing bond cap statute by adding a $200 million bond cap that applied to all Engle Engle During 2015, RJR Tobacco and Lorillard Tobacco, together with Philip Morris USA Inc., settled virtually all of the Engle Engle One hundred thirty-seven Engle Engle Starr-Blundell, Monroe, Lourie, Lewis, Block Ward Starr-Blundell, Monroe, Lourie, Lewis Block. Plaintiff Case Name RJR Tobacco Allocation of Fault Lorillard Tobacco Allocation of Fault Compensatory Damages (as adjusted) (1) Punitive Damages Appeal Status Starr-Blundell 10% — $ 50,000 $ — First DCA, per curiam Soffer; Monroe 58% — 6,380,000 — First DCA affirmed the final judgment, per curiam Lourie 3% 7% 137,000 — Second DCA affirmed the final judgment; Florida Supreme Court declined to accept jurisdiction based on their decision in Marotta Lewis 25% — 187,500 — Fifth DCA affirmed the final judgment, per curiam Block 50% — 463,000 800,000 Fourth DCA affirmed the final judgment, per curiam Totals $ 7,217,500 $ 800,000 (1) Compensatory damages are adjusted to reflect the reduction that may be required by the allocation of fault. Punitive damages are not adjusted and reflect the amount of the final judgment(s) signed by the trial court judge(s). The amount listed above does not include attorneys’ fees or statutory interest of approximately $3.6 million in Starr-Blundell, Monroe, Lourie, Lewis Block Ward The following chart lists judgments in all other individual Engle Plaintiff Case Name RJR Tobacco Allocation of Fault Lorillard Tobacco Allocation of Fault Compensatory Damages (as adjusted) (1) Punitive Damages Appeal Status Putney 30% — $ — $ 2,500,000 Fourth DCA reinstated the punitive damages awards of $2.5 million each against RJR Tobacco and the remaining defendant; court's opinion that previously granted remittitur of the compensatory damages awards still stands; remanded to trial court for further proceedings Andy Allen 24% — 2,475,000 7,756,000 First DCA affirmed the judgment of the trial court; First DCA granted defendants' motion for rehearing en banc Calloway 27% 18% — — Fourth DCA granted rehearing en banc James Smith 55% — 600,000 (2) 20,000 Pending – Eleventh Circuit Evers 60% 9% 2,950,000 12,360,000 Second DCA reinstated punitive damage award of $12.36 million the trial court had set aside; the verdict was reinstated on remand; a subsequent appeal is pending in the Second DCA; oral argument occurred on February 7, 2017; decision is pending Schoeff 75% — 7,875,000 — Pending – Florida Supreme Court Marotta 58% — 3,480,000 — Florida Supreme Court found that federal law does not preempt the plaintiff's claims; remanded for further proceedings regarding punitive damages; trial has been scheduled for the July 4, 2018 through September 28, 2018 trial calendar Searcy 30% — 500,000 (2) 1,670,000 Pending – Eleventh Circuit Earl Graham 20% — 550,000 — Eleventh Circuit, sitting en banc Grossman 75% — 11,514,000 22,500,000 Fourth DCA ordered award of compensatory damages reduced to reflect comparative fault, but otherwise affirmed; RJR Tobacco's motion for rehearing was denied on March 16, 2017; plaintiff and RJR Tobacco filed notices to invoke the discretionary jurisdiction of the Florida Supreme Court; decision is pending Burkhart 25% 10% 3,500,000 (2) 1,750,000 Pending – Eleventh Circuit Bakst (Odom) 75% — — — Fourth DCA reversed the judgment of the trial court and remanded the case for a new trial on damages only; motion for rehearing was denied on February 27, 2017; the plaintiff filed a notice to invoke the discretionary jurisdiction of the Florida Supreme Court on March 27, 2017; decision is pending Robinson 71% — — — First DCA reversed judgment and remanded case for a new trial and denied rehearing; new trial has not been scheduled; on June 14, 2017, the plaintiff filed a notice to invoke the discretionary jurisdiction of the Florida Supreme Court; decision is pending Harris 15% 10% 1,100,000 (2) — Post-trial motions are pending (3) Irimi 14.5% 14.5% — — Pending – Fourth DCA Kerrivan 31% — 6,046,660 (2) 9,600,000 Post-trial motions are pending (3) Schleider 70% — 14,700,000 — Pending – Third DCA Perrotto 20% 6% 1,063,000 — Plaintiff's motion for a new trial granted as to punitive damages; new trial scheduled for December 1, 2017 Ellen Gray 50% — 3,000,000 — Post-trial motions are pending (3) Sowers 50% — 2,125,000 — Post-trial motions are pending (3) Caprio 20% 10% 167,700 — New trial scheduled for August 9, 2017 Zamboni 30% — 102,000 — Final judgment has not been entered Pollari 42.5% — 4,250,000 1,500,000 Pending – Fourth DCA Gore 23% — 460,000 — Pending – Fourth DCA Ryan 65% — 13,975,000 25,000,000 Pending – Fourth DCA Hardin 13% — 100,880 — Third DCA remanded the case for a new trial on punitive damages for the non-intentional tort claims; new trial is scheduled to begin August 21, 2017 McCoy 25% 20% 670,000 6,000,000 Pending – Fourth DCA Cooper 40% — 1,200,000 — Pending – Fourth DCA Duignan 30% — 2,690,000 (2) 2,500, |
Shareholders' Equity
Shareholders' Equity | 6 Months Ended |
Jun. 30, 2017 | |
Equity [Abstract] | |
Shareholders' Equity | Note 8 — Shareholders’ Equity Common Stock Paid-In Retained Earnings Accumulated Total Shareholders’ Equity Balance as of December 31, 2016 $ — $ 18,285 $ 3,740 $ (314 ) $ 21,711 Net income — — 1,699 — 1,699 Retirement benefits, net of $5 million tax expense — — — 9 9 Cumulative translation adjustment and other, net of $6 million tax expense — — — 14 14 Dividends - $1.02 per share — — (1,459 ) — (1,459 ) Common stock repurchased — (139 ) — — (139 ) Equity incentive award plan and stock-based compensation — 51 — — 51 Balance as of June 30, 2017 $ — $ 18,197 $ 3,980 $ (291 ) $ 21,886 Common Stock Paid-In Capital Retained Earnings Accumulated Total Shareholders’ Equity Balance as of December 31, 2015 $ — $ 18,402 $ 188 $ (338 ) $ 18,252 Net income — — 4,361 — 4,361 Retirement benefits, net of $21 million tax expense — — — 33 33 Long-term investments, net of $3 million tax expense — — — 3 3 Hedging instruments, net of $6 million tax expense — — — 11 11 Cumulative translation adjustment and other, net of $9 million tax expense — — — 17 17 Dividends - $0.84 per share — — (1,204 ) — (1,204 ) Common stock repurchased — (149 ) — — (149 ) Equity incentive award plan and stock-based compensation — 50 — — 50 Excess tax benefit on stock-based compensation plans — 26 — — 26 Balance as of June 30, 2016 $ — $ 18,329 $ 3,345 $ (274 ) $ 21,400 Accumulated Other Comprehensive Loss The components of accumulated other comprehensive loss, net of tax, for the six months ended June 30, 2017 were as follows: Retirement Benefits Cumulative Translation Adjustment and Other Total Balance as of December 31, 2016 $ (255 ) $ (59 ) $ (314 ) Other comprehensive income before reclassifications 20 14 34 Amounts reclassified from accumulated other comprehensive loss (11 ) — (11 ) Net current-period other comprehensive income 9 14 23 Balance as of June 30, 2017 $ (246 ) $ (45 ) $ (291 ) The components of accumulated other comprehensive loss, net of tax, for the six months ended June 30, 2016, were as follows: Retirement Benefits Long-Term Investments Hedging Instruments Cumulative Translation Adjustment and Other Total Balance as of December 31, 2015 $ (244 ) $ (14 ) $ (11 ) $ (69 ) $ (338 ) Other comprehensive income (losses) before reclassifications 45 5 — (10 ) 40 Amounts reclassified from accumulated other comprehensive loss (12 ) (2 ) 11 27 24 Net current-period other comprehensive income 33 3 11 17 64 Balance as of June 30, 2016 $ (211 ) $ (11 ) $ — $ (52 ) $ (274 ) Details about the reclassifications out of accumulated other comprehensive loss and the affected line items in the condensed consolidated statement of income (unaudited) for the three months ended June 30, were as follows: Components Amounts Reclassified Affected Line Item 2017 2016 Retirement benefits: Amortization of prior service credit $ (5 ) $ (5 ) Cost of products sold Amortization of prior service credit (4 ) (5 ) Selling, general and administrative expenses (9 ) (10 ) Operating income Deferred taxes 2 4 Provision for income taxes Net of tax (7 ) (6 ) Net income Total reclassifications $ (7 ) $ (6 ) Net income Details about the reclassifications out of accumulated other comprehensive loss and the affected line items in the condensed consolidated statement of income (unaudited) for the six months ended June 30, were as follows: Components Amounts Reclassified Affected Line Item 2017 2016 Defined benefit pension and postretirement plans: Amortization of prior service credit $ (9 ) $ (10 ) Cost of products sold Amortization of prior service credit (8 ) (10 ) Selling, general and administrative expenses (17 ) (20 ) Operating income Deferred taxes 6 8 Provision for income taxes Net of tax (11 ) (12 ) Net income Long-term investments: Realized gain on long-term investments — (3 ) Other expense (income), net Deferred taxes — 1 Provision for income taxes Net of tax — (2 ) Net income Hedging instruments: Forward starting interest rate contracts — 16 Other expense (income), net Amortization of realized loss — 1 Interest and debt expense — 17 Income before income taxes Deferred taxes — (6 ) Provision for income taxes Net of tax — 11 Net income Cumulative translation adjustment and other: Derecognition of cumulative translation adjustment — 27 Gain on divestiture Total reclassifications $ (11 ) $ 24 Net income Share Repurchases and Other Restricted stock units granted in March 2014 and May 2016 under the Amended and Restated 2009 Omnibus Incentive Compensation Plan, referred to as the Omnibus Plan, vested in March 2017 and May 2017, respectively, and were settled with the issuance of 2,434,400 shares of RAI common stock. In addition, during the first six months of 2017, at a cost of $58 million, RAI purchased 940,607 shares of RAI common stock that were forfeited and cancelled with respect to tax liabilities associated with restricted stock units vesting under the Omnibus Plan. On July 25, 2016, the board of directors of RAI authorized the repurchase, from time to time, on or before December 31, 2018, of up to $2 billion of outstanding shares of RAI common stock in open-market or privately negotiated transactions, referred to as the Share Repurchase Program. The purchases were subject to prevailing market and business conditions. In connection with the Share Repurchase Program, B&W and Louisville Securities Limited, referred to as LSL, wholly owned subsidiaries of BAT, entered into an agreement, referred to as the Share Repurchase Agreement, with RAI, pursuant to which BAT and its subsidiaries agreed to participate in the Share Repurchase Program on a basis approximately proportionate with BAT’s and its subsidiaries’ ownership of RAI’s common stock. During 2016, RAI repurchased 1,565,698 shares of RAI common stock for $75 million in accordance with the Share Repurchase Program. Subject to certain exceptions, the Merger Agreement placed restrictions on RAI’s ability to repurchase its common stock. As a result, RAI did not repurchase any shares under the Share Repurchase Program during the first six months of 2017. The Share Repurchase Program terminated effective with the completion of the BAT Merger on July 25, 2017. For additional information related to the BAT Merger and the termination of the Share Repurchase Program, see note 14. In November 2011, RAI, B&W and BAT entered into Amendment No. 3 to the Governance Agreement, pursuant to which RAI agreed that, so long as the beneficial ownership interest of BAT and its subsidiaries in RAI had not dropped below 25%, if RAI issued shares of its common stock or any other RAI equity security to certain designated persons, including its directors, officers or employees, then RAI would repurchase a number of shares of outstanding RAI common stock so that the number of outstanding shares of RAI common stock would not increase, and the beneficial ownership interest of BAT and its subsidiaries in RAI would not decrease, by such issuance after taking into account such repurchase. In February 2017, RAI and BAT entered into a letter agreement, pursuant to which BAT waived the requirement that RAI share repurchases required to be made by RAI pursuant to Amendment No. 3 to the Governance Agreement be made within the time period set forth in that amendment, and permitted RAI to make repurchases in a manner that qualified for the affirmative defense and safe harbor provided by Rules 10b5-1 and 10b-18 under the Exchange Act, respectively. Pursuant to the letter agreement, BAT also waived compliance with the general prohibition on repurchases contained in the Merger Agreement to permit RAI to make these repurchases. During the first six months of 2017, RAI repurchased 1,258,907 shares of RAI common stock for $81 million in accordance with the Governance Agreement. Due to RAI’s incorporation in North Carolina, which does not recognize treasury shares, the shares repurchased were cancelled at time of purchase. On February 8, 2017, and May 4, 2017, RAI’s board of directors declared a quarterly cash dividend of $0.51 per common share, payable to shareholders of record as of March 10, 2017 and June 12, 2017, respectively. |
Stock Plans
Stock Plans | 6 Months Ended |
Jun. 30, 2017 | |
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract] | |
Stock Plans | Note 9 — Stock Plans Outstanding grants under the Omnibus Plan have certain change-of-control terms that either permit assumption of the grants by the acquiring entity for the remaining term or provide for pro-rata or full vesting of the awards upon a change of control. Effective with completion of the BAT Merger on July 25, 2017, a change-of-control event occurred resulting in certain outstanding grants vesting or being assumed by BAT. For additional information related to the impact of the BAT Merger on the outstanding grants, see note 14. Three-Year Grant In February 2017, the board of directors of RAI approved a grant to key employees of RAI and its subsidiaries, effective March 1, 2017, of 970,310 nonvested restricted stock units under the Omnibus Plan, referred to as the 2017 Grant. The restricted stock units granted in the 2017 Grant were assumed by BAT upon completion of the BAT Merger and generally will vest on March 1, 2020. Upon settlement, each grantee will receive a number of BAT American Depositary Shares, referred to as BAT ADSs, equal to the product of the number of vested units and a percentage up to 150% based on the average RAI annual incentive award plan score over the three-year period ending December 31, 2019. As an equity-based grant, compensation expense relating to the 2017 grant will take into account the vesting period lapsed and will be calculated based on the per share closing price of RAI common stock on the date of grant, or $61.93. Following the vesting date, each grantee will receive a cash dividend equivalent payment equal to the aggregate amount of dividends per share paid on shares of RAI common stock or with respect to BAT ADSs, as applicable, during the performance period multiplied by the actual number of restricted stock units earned by the grantee. |
Segment Information
Segment Information | 6 Months Ended |
Jun. 30, 2017 | |
Segment Reporting [Abstract] | |
Segment Information | Note 10 — Segment Information RAI’s reportable operating segments are RJR Tobacco, Santa Fe and American Snuff. The RJR Tobacco segment consists of the primary operations of R. J. Reynolds Tobacco Company. The Santa Fe segment consists of the primary operations of SFNTC. The American Snuff segment consists of the primary operations of American Snuff Co. Included in All Other, among other RAI subsidiaries, are RJR Vapor, Niconovum USA, Inc., Niconovum AB, and until their sale on January 13, 2016, SFRTI and various foreign subsidiaries affiliated with SFRTI. The segments were identified based on how RAI’s chief operating decision maker allocates resources and assesses performance. Certain of RAI’s operating subsidiaries have entered into intercompany agreements for products or services with other subsidiaries. As a result, certain activities of an operating subsidiary may be included in a different segment of RAI. RJR Tobacco is RAI’s largest reportable operating segment, and is the second largest tobacco company in the United States. Its brands include three of the top four best-selling cigarettes in the United States: NEWPORT, CAMEL and PALL MALL. These brands, and its other brands, including DORAL, MISTY and CAPRI, are manufactured in a variety of styles and marketed in the United States. As part of its total tobacco strategy, RJR Tobacco offers a smokeless tobacco product, CAMEL Snus. Through the second quarter of 2017, RJR Tobacco manages contract manufacturing of cigarettes and tobacco products through arrangements with BAT affiliates. RJR Tobacco also manages the export of tobacco products to U.S. territories, U.S. duty-free shops and U.S. overseas military bases. In the United States, RJR Tobacco also manages the premium cigarette brands DUNHILL, which RJR Tobacco licenses from BAT and one or more of its subsidiaries, collectively referred to as the BAT Group, and STATE EXPRESS 555, which RJR Tobacco licenses from CTBAT International Co. Ltd., referred to as CTBAT, a joint venture between the BAT Group and China National Tobacco Corporation, referred to as CNTC. Santa Fe manufactures and markets premium cigarettes and other tobacco products under the NATURAL AMERICAN SPIRIT brand in the United States. American Snuff is the second largest smokeless tobacco products manufacturer in the United States, and offers adult tobacco consumers a range of differentiated smokeless tobacco products, primarily moist snuff. The moist snuff category is divided into premium, price-value and popular-price brands. American Snuff’s primary brands include its largest selling moist snuff brands, GRIZZLY, in the price-value category, and KODIAK, in the premium category. RJR Vapor is a marketer of digital vapor cigarettes under the VUSE brand name in the United States. Niconovum USA, Inc. and Niconovum AB are marketers of nicotine replacement therapy products in the United States and Sweden, respectively, under the ZONNIC brand name. SFRTI and various foreign subsidiaries affiliated with SFRTI distributed the NATURAL AMERICAN SPIRIT brand outside of the United States. On January 13, 2016, RAI, through the Sellers, completed the sale of the international rights to the NATURAL AMERICAN SPIRIT brand name and associated trademarks, along with the international companies that distributed and marketed the brand outside the United States to JTI Holding, in an all-cash transaction of approximately $5 billion and recognized a pre-tax gain of approximately $4.9 billion. Intersegment revenues and items below the operating income line of the condensed consolidated statements of income (unaudited) are not presented by segment, since they are excluded from the measure of segment profitability reviewed by RAI’s chief operating decision maker. Additionally, information about total assets by segment is not reviewed by RAI’s chief operating decision maker and therefore is not disclosed. Segment Data: For the Three Months Ended June 30, For the Six Months Ended June 30, 2017 2016 2017 2016 Net sales: RJR Tobacco $ 2,675 $ 2,646 $ 5,046 $ 5,057 Santa Fe 278 247 516 465 American Snuff 261 232 503 448 All Other 104 70 202 142 Consolidated net sales $ 3,318 $ 3,195 $ 6,267 $ 6,112 Operating income (loss): RJR Tobacco $ 1,291 $ 1,216 $ 2,374 $ 2,323 Santa Fe 169 133 313 256 American Snuff 169 138 326 271 All Other (21 ) (43 ) (48 ) (77 ) Gain on divestiture — — — 4,861 Corporate expense (52 ) (29 ) (83 ) (77 ) Consolidated operating income $ 1,556 $ 1,415 $ 2,882 $ 7,557 Reconciliation to income before income taxes: Consolidated operating income $ 1,556 $ 1,415 $ 2,882 $ 7,557 Interest and debt expense 150 152 299 326 Interest income (3 ) (2 ) (5 ) (5 ) Other expense (income), net 11 (1 ) 15 251 Income before income taxes $ 1,398 $ 1,266 $ 2,573 $ 6,985 |
Related Party Transactions
Related Party Transactions | 6 Months Ended |
Jun. 30, 2017 | |
Related Party Transactions [Abstract] | |
Related Party Transactions | Note 11 — Related Party Transactions On July 25, 2017, as a result of the BAT Merger, RAI became an indirect, wholly owned subsidiary of BAT. Prior to the BAT Merger, BAT, through certain indirect wholly owned subsidiaries, beneficially owned approximately 42% of RAI’s outstanding common stock. RAI and RAI’s operating subsidiaries engage in transactions with affiliates of BAT. A summary of balances and transactions with such BAT affiliates is as follows: June 30, 2017 December 31, 2016 Current Balances: Accounts receivable, related party $ 1 $ 113 Due to related party — 7 Deferred revenue, related party 106 66 Long-term Balances: Long-term deferred revenue, related party $ 19 $ 39 For the Three Months Ended June 30, For the Six Months Ended June 30, Significant transactions: 2017 2016 2017 2016 Net sales $ 28 $ 54 $ 66 $ 109 Purchases 1 6 2 8 RJR Tobacco sells contract-manufactured cigarettes, tobacco leaf and processed tobacco to BAT affiliates. In December 2012, RJR Tobacco entered into an amendment to its contract manufacturing agreement (relating to the production of cigarettes to be sold in Japan) with a BAT affiliate, which amendment, among other things, required either party to provide three years’ notice to the other party to terminate the agreement without cause, with any such notice to be given no earlier than January 1, 2016. In January 2016, RJR Tobacco received written notice from a BAT affiliate terminating that contract manufacturing agreement effective January 5, 2019. In July 2016, RJR Tobacco further amended the contract manufacturing agreement with a BAT affiliate to permit an early transition of the cigarette production covered by the agreement to BAT facilities over several months beginning in the fourth quarter of 2016. RJR Tobacco ended its contract manufacturing production for BAT in the second quarter of 2017. The amendment provided for a BAT affiliate to make payments to RJR Tobacco of $89.6 million, in exchange for RJR Tobacco’s commitment to provide contingent manufacturing capacity to a BAT affiliate through December 31, 2018. Of this amount, $38.7 million was recorded as current deferred revenue, and $19.4 million was recorded as long-term deferred revenue in RAI’s condensed consolidated balance sheet (unaudited) as of June 30, 2017. The first installment of $7.4 million was received in September 2016. The second installment of $82.2 million was received in March 2017. RJR Tobacco is recognizing the income ratably from the effective date of the amendment to December 31, 2018. Net sales to BAT affiliates, primarily cigarettes, represented approximately 1% and 2% of RAI’s total net sales during the three months ended June 30, 2017 and 2016, respectively. Net sales to BAT affiliates represented approximately 1% and 2% of RAI’s total net sales during the six months ended June 30, 2017 and 2016, respectively. RJR Tobacco recorded deferred sales revenue relating to leaf sold to BAT affiliates that had not been delivered as of the end of the respective quarter, given that RJR Tobacco has a legal right to bill the BAT affiliates. Leaf sales revenue to BAT affiliates was recognized when the product was shipped to the customer. RAI’s operating subsidiaries also purchase unprocessed leaf at market prices, and import cigarettes at prices not to exceed manufacturing costs plus 10%, from BAT affiliates. In connection with the Share Repurchase Program, B&W and LSL, wholly owned subsidiaries of BAT, entered into the Share Repurchase Agreement on July 25, 2016, with RAI, pursuant to which BAT and its subsidiaries agreed to participate in the Share Repurchase Program on a basis approximately proportionate with BAT’s and its subsidiaries’ ownership of RAI’s common stock. Under the Share Repurchase Agreement, RAI repurchased 660,385 shares of RAI common stock for $32 million from BAT and its subsidiaries during 2016. Subject to certain exceptions, the Merger Agreement placed restrictions on RAI’s ability to repurchase its common stock. As a result, RAI did not repurchase any shares under the Share Repurchase Program during the first six months of 2017. The Share Repurchase Program terminated effective with the completion of the BAT Merger on July 25, 2017. For additional information related to the BAT Merger and the termination of the Share Repurchase Program, see note 14. In January 2016, prior to the sale of the international rights to the NATURAL AMERICAN SPIRIT brand to JTI, SFRTI paid $6 million to a BAT affiliate pursuant to a contract manufacturing agreement, whereby the BAT affiliate agreed to contract manufacture certain tobacco products for SFRTI. The $6 million fee paid to amend the contract was recognized within selling, general and administrative expenses in the condensed consolidated statements of income (unaudited). |
RAI Guaranteed, Unsecured Notes
RAI Guaranteed, Unsecured Notes - Condensed Consolidating Financial Statements | 6 Months Ended |
Jun. 30, 2017 | |
Guarantees [Abstract] | |
RAI Guaranteed, Unsecured Notes - Condensed Consolidating Financial Statements | Note 12 — RAI Guaranteed, Unsecured Notes — Condensed Consolidating Financial Statements The following condensed consolidating financial statements relate to the guaranties of RAI’s $12.7 billion aggregate principal amount of unsecured notes. Certain of RAI’s direct, wholly owned subsidiaries and certain of its indirectly owned subsidiaries fully and unconditionally, and jointly and severally, guaranteed these notes. Pursuant to the terms of the indenture governing such notes, (1) such guarantees were released and terminated automatically upon termination of the Credit Agreement at the closing of the BAT Merger, and (2) RJR provided a new guaranty of RAI’s notes given RJR’s continuing guaranty of RJR Tobacco’s outstanding notes. For additional information on the BAT Merger, see note 14. The following condensed consolidating financial statements include: the accounts and activities of RAI, the parent issuer; RJR, RJR Tobacco, American Snuff Co., SFNTC and certain of RAI’s other subsidiaries, the Guarantors; other direct and indirect subsidiaries of RAI that are not Guarantors; and elimination adjustments. Condensed Consolidating Statements of Income (Dollars in Millions) Parent Issuer Guarantors Non- Guarantors Eliminations Consolidated For the Three Months Ended June 30, 2017 Net sales $ — $ 3,261 $ 54 $ (25 ) $ 3,290 Net sales, related party — 28 — — 28 Net sales — 3,289 54 (25 ) 3,318 Cost of products sold — 1,252 53 (27 ) 1,278 Selling, general and administrative expenses 12 445 21 — 478 Amortization expense — 6 — — 6 Operating income (loss) (12 ) 1,586 (20 ) 2 1,556 Interest and debt expense 148 13 4 (15 ) 150 Interest income (15 ) (2 ) (1 ) 15 (3 ) Other expense (income), net 1 (11 ) 9 12 11 Income (loss) before income taxes (146 ) 1,586 (32 ) (10 ) 1,398 Provision for (benefit from) income taxes (50 ) 533 (4 ) — 479 Equity income from subsidiaries 1,015 (8 ) — (1,007 ) — Net income (loss) $ 919 $ 1,045 $ (28 ) $ (1,017 ) $ 919 For the Three Months Ended June 30, 2016 Net sales $ — $ 3,122 $ 48 $ (29 ) $ 3,141 Net sales, related party — 54 — — 54 Net sales — 3,176 48 (29 ) 3,195 Cost of products sold — 1,254 52 (31 ) 1,275 Selling, general and administrative expenses 6 457 34 2 499 Amortization expense — 6 — — 6 Operating income (loss) (6 ) 1,459 (38 ) — 1,415 Interest and debt expense 149 22 2 (21 ) 152 Interest income (21 ) (2 ) — 21 (2 ) Other expense (income), net — (9 ) (3 ) 11 (1 ) Income (loss) before income taxes (134 ) 1,448 (37 ) (11 ) 1,266 Provision for (benefit from) income taxes (48 ) 532 (14 ) — 470 Equity income from subsidiaries 882 2 — (884 ) — Net income (loss) $ 796 $ 918 $ (23 ) $ (895 ) $ 796 Condensed Consolidating Statements of Income (Dollars in Millions) Parent Issuer Guarantors Non- Guarantors Eliminations Consolidated For the Six Months Ended June 30, 2017 Net sales $ — $ 6,164 $ 102 $ (65 ) $ 6,201 Net sales, related party — 66 — — 66 Net sales — 6,230 102 (65 ) 6,267 Cost of products sold — 2,446 96 (65 ) 2,477 Selling, general and administrative expenses 27 819 50 — 896 Amortization expense — 11 1 — 12 Operating income (loss) (27 ) 2,954 (45 ) — 2,882 Interest and debt expense 295 31 8 (35 ) 299 Interest income (35 ) (4 ) (1 ) 35 (5 ) Other expense (income), net 2 (21 ) 12 22 15 Income (loss) before income taxes (289 ) 2,948 (64 ) (22 ) 2,573 Provision for (benefit from) income taxes (125 ) 1,013 (14 ) — 874 Equity income from subsidiaries 1,863 (13 ) — (1,850 ) — Net income (loss) $ 1,699 $ 1,922 $ (50 ) $ (1,872 ) $ 1,699 For the Six Months Ended June 30, 2016 Net sales $ — $ 5,961 $ 97 $ (55 ) $ 6,003 Net sales, related party — 109 — — 109 Net sales — 6,070 97 (55 ) 6,112 Cost of products sold — 2,403 95 (58 ) 2,440 Selling, general and administrative expenses 22 858 82 2 964 Gain on divestiture — (4,843 ) (16 ) (2 ) (4,861 ) Amortization expense — 12 — — 12 Operating income (loss) (22 ) 7,640 (64 ) 3 7,557 Interest and debt expense 323 45 4 (46 ) 326 Interest income (47 ) (4 ) — 46 (5 ) Other expense (income), net 240 (15 ) 4 22 251 Income (loss) before income taxes (538 ) 7,614 (72 ) (19 ) 6,985 Provision for (benefit from) income taxes (190 ) 2,840 (26 ) — 2,624 Equity income from subsidiaries 4,709 2 — (4,711 ) — Net income (loss) $ 4,361 $ 4,776 $ (46 ) $ (4,730 ) $ 4,361 Condensed Consolidating Statements of Comprehensive Income (Dollars in Millions) Parent Issuer Guarantors Non- Guarantors Eliminations Consolidated For the Three Months Ended June 30, 2017 Net income (loss) $ 919 $ 1,045 $ (28 ) $ (1,017 ) $ 919 Other comprehensive income (loss), net of tax: Retirement benefits 13 29 (15 ) (14 ) 13 Cumulative translation adjustment and other 11 12 16 (28 ) 11 Comprehensive income (loss) $ 943 $ 1,086 $ (27 ) $ (1,059 ) $ 943 For the Three Months Ended June 30, 2016 Net income (loss) $ 796 $ 918 $ (23 ) $ (895 ) $ 796 Other comprehensive income (loss), net of tax: Retirement benefits 39 40 (1 ) (39 ) 39 Long-term investments 4 4 — (4 ) 4 Cumulative translation adjustment and other (5 ) (5 ) (7 ) 12 (5 ) Comprehensive income (loss) $ 834 $ 957 $ (31 ) $ (926 ) $ 834 For the Six Months Ended June 30, 2017 Net income (loss) $ 1,699 $ 1,922 $ (50 ) $ (1,872 ) $ 1,699 Other comprehensive income (loss), net of tax: Retirement benefits 9 26 (14 ) (12 ) 9 Cumulative translation adjustment and other 14 15 20 (35 ) 14 Comprehensive income (loss) $ 1,722 $ 1,963 $ (44 ) $ (1,919 ) $ 1,722 For the Six Months Ended June 30, 2016 Net income (loss) $ 4,361 $ 4,776 $ (46 ) $ (4,730 ) $ 4,361 Other comprehensive income (loss), net of tax: Retirement benefits 33 34 (1 ) (33 ) 33 Long-term investments 3 3 — (3 ) 3 Hedging instruments 11 — — — 11 Cumulative translation adjustment and other 17 17 26 (43 ) 17 Comprehensive income (loss) $ 4,425 $ 4,830 $ (21 ) $ (4,809 ) $ 4,425 Details about the reclassifications out of accumulated other comprehensive loss and the affected line items in the condensed consolidating statements of income (unaudited) for the three months ended June 30, 2017, were as follows: Components Amounts Reclassified Affected Line Item Parent Issuer Guarantors Non-Guarantors Eliminations Consolidated Defined benefit pension and postretirement plans: Amortization of prior service credit $ — $ (5 ) $ — $ — $ (5 ) Cost of products sold Amortization of prior service credit — (4 ) — — (4 ) Selling, general and administrative expenses — (9 ) — — (9 ) Operating income (loss) Deferred taxes — 2 — — 2 Provision for (benefit from) income taxes Net of tax — (7 ) — — (7 ) Net income (loss) Equity income from subsidiaries (7 ) — — 7 — Equity income from subsidiaries Total reclassifications $ (7 ) $ (7 ) $ — $ 7 $ (7 ) Net income (loss) Details about the reclassifications out of accumulated other comprehensive loss and the affected line items in the condensed consolidating statements of income (unaudited) for the three months ended June 30, 2016, were as follows: Components Amounts Reclassified Affected Line Item Parent Issuer Guarantors Non-Guarantors Eliminations Consolidated Defined benefit pension and postretirement plans: Amortization of prior service credit $ — $ (5 ) $ — $ — $ (5 ) Cost of products sold Amortization of prior service credit — (5 ) — — (5 ) Selling, general and administrative expenses — (10 ) — — (10 ) Operating income (loss) Deferred taxes — 4 — — 4 Provision for (benefit from) income taxes Net of tax — (6 ) — — (6 ) Net income (loss) Equity income from subsidiaries (6 ) — — 6 — Equity income from subsidiaries Total reclassifications $ (6 ) $ (6 ) $ — $ 6 $ (6 ) Net income (loss) Details about the reclassifications out of accumulated other comprehensive loss and the affected line items in the condensed consolidating statements of income (unaudited) for the six months ended June 30, 2017, were as follows: Components Amounts Reclassified Affected Line Item Parent Issuer Guarantors Non-Guarantors Eliminations Consolidated Defined benefit pension and postretirement plans: Amortization of prior service credit $ — $ (9 ) $ — $ — $ (9 ) Cost of products sold Amortization of prior service credit — (8 ) — — (8 ) Selling, general and administrative expenses — (17 ) — — (17 ) Operating income (loss) Deferred taxes — 6 — — 6 Provision for (benefit from) income taxes Net of tax — (11 ) — — (11 ) Net income (loss) Equity income from subsidiaries (11 ) — — 11 — Equity income from subsidiaries Total reclassifications $ (11 ) $ (11 ) $ — $ 11 $ (11 ) Net income (loss) Details about the reclassifications out of accumulated other comprehensive loss and the affected line items in the condensed consolidating statements of income (unaudited) for the six months ended June 30, 2016, were as follows: Components Amounts Reclassified Affected Line Item Parent Issuer Guarantors Non-Guarantors Eliminations Consolidated Defined benefit pension and postretirement plans: Amortization of prior service credit $ — $ (10 ) $ — $ — $ (10 ) Cost of products sold Amortization of prior service credit — (10 ) — — (10 ) Selling, general and administrative expenses — (20 ) — — (20 ) Operating income (loss) Deferred taxes — 8 — — 8 Provision for (benefit from) income taxes Net of tax — (12 ) — — (12 ) Net income (loss) Long-term investments: Realized gain on long-term investments — (3 ) — — (3 ) Other expense (income), net Deferred taxes — 1 — — 1 Provision for (benefit from) income taxes Net of tax — (2 ) — — (2 ) Net income (loss) Hedging instruments: Forward starting interest rate contracts 16 — — — 16 Other expense (income), net Amortization of realized loss 1 — — — 1 Interest and debt expense 17 — — — 17 Income (loss) before income taxes Deferred taxes (6 ) — — — (6 ) Provision for (benefit from) income taxes Net of tax 11 — — — 11 Net income (loss) Cumulative translation adjustment and other: Derecognition of cumulative translation adjustment — — 27 — 27 Gain on divestiture Equity income from subsidiaries 13 27 — (40 ) — Equity income from subsidiaries Total reclassifications $ 24 $ 13 $ 27 $ (40 ) $ 24 Net income (loss) Condensed Consolidating Statements of Cash Flows (Dollars in Millions) Parent Issuer Guarantors Non- Guarantors Eliminations Consolidated For the Six Months Ended June 30, 2017 Cash flows from (used in) operating activities $ 1,714 $ 606 $ (37 ) $ (1,006 ) $ 1,277 Cash flows from (used in) investing activities: Capital expenditures — (65 ) (1 ) — (66 ) Return of intercompany investments 145 — — (145 ) — Other, net 205 12 — (216 ) 1 Net cash flows from (used in) investing activities 350 (53 ) (1 ) (361 ) (65 ) Cash flows from (used in) financing activities: Dividends paid on common stock (1,384 ) (985 ) — 985 (1,384 ) Repurchase of common stock (139 ) — — — (139 ) Borrowings under revolving credit facility 500 — — — 500 Repayments of borrowings under revolving credit facility (500 ) — — — (500 ) Dividends paid on preferred stock (21 ) — — 21 — Distribution of equity — (145 ) — 145 — Other, net (11 ) (250 ) 45 216 — Net cash flows from (used in) financing activities (1,555 ) (1,380 ) 45 1,367 (1,523 ) Effect of exchange rate changes on cash and cash equivalents — — 18 — 18 Net change in cash and cash equivalents 509 (827 ) 25 — (293 ) Cash and cash equivalents at beginning of period 726 997 328 — 2,051 Cash and cash equivalents at end of period $ 1,235 $ 170 $ 353 $ — $ 1,758 Condensed Consolidating Statements of Cash Flows (Dollars in Millions) Parent Issuer Guarantors Non- Guarantors Eliminations Consolidated For the Six Months Ended June 30, 2016 Cash flows from (used in) operating activities $ (1,012 ) $ 603 $ (23 ) $ (293 ) $ (725 ) Cash flows from (used in) investing activities: Capital expenditures — (89 ) (5 ) — (94 ) Proceeds from settlement of investments — 182 — — 182 Proceeds from divestiture 5,015 — — — 5,015 Return of intercompany investments 412 26 — (438 ) — Other, net 260 11 — (271 ) — Net cash flows from (used in) investing activities 5,687 130 (5 ) (709 ) 5,103 Cash flows from (used in) financing activities: Dividends paid on common stock (1,113 ) (247 ) (25 ) 272 (1,113 ) Repurchase of common stock (149 ) — — — (149 ) Early extinguishment of debt (3,642 ) (8 ) — — (3,650 ) Premiums paid for early extinguishment of debt (206 ) (1 ) — — (207 ) Proceeds from termination of interest rate swaps — 66 — — 66 Debt financing fees (7 ) — — — (7 ) Excess tax benefit on stock-based compensation plans 26 — — — 26 Dividends paid on preferred stock (21 ) — — 21 — Distribution of equity — (412 ) (26 ) 438 — Other, net (11 ) (260 ) — 271 — Net cash flows used in financing activities (5,123 ) (862 ) (51 ) 1,002 (5,034 ) Effect of exchange rate changes on cash and cash equivalents — — 7 — 7 Net change in cash and cash equivalents (448 ) (129 ) (72 ) — (649 ) Cash and cash equivalents at beginning of period 575 1,544 448 — 2,567 Cash and cash equivalents at end of period $ 127 $ 1,415 $ 376 $ — $ 1,918 Condensed Consolidating Balance Sheets (Dollars in Millions) Parent Issuer Guarantors Non- Guarantors Eliminations Consolidated June 30, 2017 Assets Cash and cash equivalents $ 1,235 $ 170 $ 353 $ — $ 1,758 Accounts receivable — 118 5 — 123 Accounts receivable, related party — 1 — — 1 Other receivables 60 1,128 88 (1,265 ) 11 Inventories — 1,400 50 (2 ) 1,448 Other current assets 13 287 4 (9 ) 295 Total current assets 1,308 3,104 500 (1,276 ) 3,636 Property, plant and equipment, net of accumulated depreciation 2 1,303 33 — 1,338 Trademarks and other intangible assets, net of accumulated amortization — 29,420 14 (2 ) 29,432 Goodwill — 15,976 16 — 15,992 Long-term intercompany notes receivable 1,184 138 — (1,322 ) — Investment in subsidiaries 34,501 339 — (34,840 ) — Other assets and deferred charges 70 44 64 (113 ) 65 Total assets $ 37,065 $ 50,324 $ 627 $ (37,553 ) $ 50,463 Liabilities and shareholders’ equity Accounts payable $ 2 $ 182 $ 9 $ — $ 193 Tobacco settlement accruals — 1,833 — — 1,833 Due to related party — — — — — Deferred revenue, related party — 106 — — 106 Current maturities of long-term debt 1,695 53 — — 1,748 Dividends payable on common stock 727 — — — 727 Other current liabilities 1,378 756 78 (1,277 ) 935 Total current liabilities 3,802 2,930 87 (1,277 ) 5,542 Long-term intercompany notes payable 138 650 534 (1,322 ) — Long-term debt (less current maturities) 11,134 256 — — 11,390 Long-term deferred income taxes, net — 9,725 — (111 ) 9,614 Long-term retirement benefits (less current portion) 58 1,587 123 — 1,768 Long-term deferred revenue, related party — 19 — — 19 Other noncurrent liabilities 47 194 3 — 244 Shareholders' equity (deficit) 21,886 34,963 (120 ) (34,843 ) 21,886 Total liabilities and shareholders’ equity $ 37,065 $ 50,324 $ 627 $ (37,553 ) $ 50,463 Condensed Consolidating Balance Sheets (Dollars in Millions) Parent Issuer Guarantors Non- Guarantors Eliminations Consolidated December 31, 2016 Assets Cash and cash equivalents $ 726 $ 997 $ 328 $ — $ 2,051 Accounts receivable — 62 4 — 66 Accounts receivable, related party — 113 — — 113 Other receivables 63 3,572 17 (3,642 ) 10 Inventories — 1,604 43 (2 ) 1,645 Other current assets 112 238 — 3 353 Total current assets 901 6,586 392 (3,641 ) 4,238 Property, plant and equipment, net of accumulated depreciation 2 1,314 32 — 1,348 Trademarks and other intangible assets, net of accumulated amortization — 29,432 14 (2 ) 29,444 Goodwill — 15,976 16 — 15,992 Long-term intercompany notes receivable 1,390 148 — (1,538 ) — Investment in subsidiaries 36,865 333 — (37,198 ) — Other assets and deferred charges 80 52 37 (96 ) 73 Total assets $ 39,238 $ 53,841 $ 491 $ (42,475 ) $ 51,095 Liabilities and shareholders’ equity Accounts payable $ 1 $ 213 $ 7 $ — $ 221 Tobacco settlement accruals — 2,498 — — 2,498 Due to related party — 7 — — 7 Deferred revenue, related party — 66 — — 66 Current maturities of long-term debt 448 53 — — 501 Dividends payable on common stock 656 — — — 656 Other current liabilities 3,767 871 40 (3,642 ) 1,036 Total current liabilities 4,872 3,708 47 (3,642 ) 4,985 Long-term intercompany notes payable 148 900 490 (1,538 ) — Long-term debt (less current maturities) 12,404 260 — — 12,664 Long-term deferred income taxes, net — 9,700 — (93 ) 9,607 Long-term retirement benefits (less current portion) 59 1,767 43 — 1,869 Long-term deferred revenue, related party — 39 — — 39 Other noncurrent liabilities 44 176 — — 220 Shareholders' equity (deficit) 21,711 37,291 (89 ) (37,202 ) 21,711 Total liabilities and shareholders’ equity $ 39,238 $ 53,841 $ 491 $ (42,475 ) $ 51,095 |
RJR Tobacco Guaranteed, Unsecur
RJR Tobacco Guaranteed, Unsecured Notes - Condensed Consolidating Financial Statements | 6 Months Ended |
Jun. 30, 2017 | |
RAI Guaranteed, Unsecured Notes - Condensed Consolidating Financial Statements | Note 12 — RAI Guaranteed, Unsecured Notes — Condensed Consolidating Financial Statements The following condensed consolidating financial statements relate to the guaranties of RAI’s $12.7 billion aggregate principal amount of unsecured notes. Certain of RAI’s direct, wholly owned subsidiaries and certain of its indirectly owned subsidiaries fully and unconditionally, and jointly and severally, guaranteed these notes. Pursuant to the terms of the indenture governing such notes, (1) such guarantees were released and terminated automatically upon termination of the Credit Agreement at the closing of the BAT Merger, and (2) RJR provided a new guaranty of RAI’s notes given RJR’s continuing guaranty of RJR Tobacco’s outstanding notes. For additional information on the BAT Merger, see note 14. The following condensed consolidating financial statements include: the accounts and activities of RAI, the parent issuer; RJR, RJR Tobacco, American Snuff Co., SFNTC and certain of RAI’s other subsidiaries, the Guarantors; other direct and indirect subsidiaries of RAI that are not Guarantors; and elimination adjustments. Condensed Consolidating Statements of Income (Dollars in Millions) Parent Issuer Guarantors Non- Guarantors Eliminations Consolidated For the Three Months Ended June 30, 2017 Net sales $ — $ 3,261 $ 54 $ (25 ) $ 3,290 Net sales, related party — 28 — — 28 Net sales — 3,289 54 (25 ) 3,318 Cost of products sold — 1,252 53 (27 ) 1,278 Selling, general and administrative expenses 12 445 21 — 478 Amortization expense — 6 — — 6 Operating income (loss) (12 ) 1,586 (20 ) 2 1,556 Interest and debt expense 148 13 4 (15 ) 150 Interest income (15 ) (2 ) (1 ) 15 (3 ) Other expense (income), net 1 (11 ) 9 12 11 Income (loss) before income taxes (146 ) 1,586 (32 ) (10 ) 1,398 Provision for (benefit from) income taxes (50 ) 533 (4 ) — 479 Equity income from subsidiaries 1,015 (8 ) — (1,007 ) — Net income (loss) $ 919 $ 1,045 $ (28 ) $ (1,017 ) $ 919 For the Three Months Ended June 30, 2016 Net sales $ — $ 3,122 $ 48 $ (29 ) $ 3,141 Net sales, related party — 54 — — 54 Net sales — 3,176 48 (29 ) 3,195 Cost of products sold — 1,254 52 (31 ) 1,275 Selling, general and administrative expenses 6 457 34 2 499 Amortization expense — 6 — — 6 Operating income (loss) (6 ) 1,459 (38 ) — 1,415 Interest and debt expense 149 22 2 (21 ) 152 Interest income (21 ) (2 ) — 21 (2 ) Other expense (income), net — (9 ) (3 ) 11 (1 ) Income (loss) before income taxes (134 ) 1,448 (37 ) (11 ) 1,266 Provision for (benefit from) income taxes (48 ) 532 (14 ) — 470 Equity income from subsidiaries 882 2 — (884 ) — Net income (loss) $ 796 $ 918 $ (23 ) $ (895 ) $ 796 Condensed Consolidating Statements of Income (Dollars in Millions) Parent Issuer Guarantors Non- Guarantors Eliminations Consolidated For the Six Months Ended June 30, 2017 Net sales $ — $ 6,164 $ 102 $ (65 ) $ 6,201 Net sales, related party — 66 — — 66 Net sales — 6,230 102 (65 ) 6,267 Cost of products sold — 2,446 96 (65 ) 2,477 Selling, general and administrative expenses 27 819 50 — 896 Amortization expense — 11 1 — 12 Operating income (loss) (27 ) 2,954 (45 ) — 2,882 Interest and debt expense 295 31 8 (35 ) 299 Interest income (35 ) (4 ) (1 ) 35 (5 ) Other expense (income), net 2 (21 ) 12 22 15 Income (loss) before income taxes (289 ) 2,948 (64 ) (22 ) 2,573 Provision for (benefit from) income taxes (125 ) 1,013 (14 ) — 874 Equity income from subsidiaries 1,863 (13 ) — (1,850 ) — Net income (loss) $ 1,699 $ 1,922 $ (50 ) $ (1,872 ) $ 1,699 For the Six Months Ended June 30, 2016 Net sales $ — $ 5,961 $ 97 $ (55 ) $ 6,003 Net sales, related party — 109 — — 109 Net sales — 6,070 97 (55 ) 6,112 Cost of products sold — 2,403 95 (58 ) 2,440 Selling, general and administrative expenses 22 858 82 2 964 Gain on divestiture — (4,843 ) (16 ) (2 ) (4,861 ) Amortization expense — 12 — — 12 Operating income (loss) (22 ) 7,640 (64 ) 3 7,557 Interest and debt expense 323 45 4 (46 ) 326 Interest income (47 ) (4 ) — 46 (5 ) Other expense (income), net 240 (15 ) 4 22 251 Income (loss) before income taxes (538 ) 7,614 (72 ) (19 ) 6,985 Provision for (benefit from) income taxes (190 ) 2,840 (26 ) — 2,624 Equity income from subsidiaries 4,709 2 — (4,711 ) — Net income (loss) $ 4,361 $ 4,776 $ (46 ) $ (4,730 ) $ 4,361 Condensed Consolidating Statements of Comprehensive Income (Dollars in Millions) Parent Issuer Guarantors Non- Guarantors Eliminations Consolidated For the Three Months Ended June 30, 2017 Net income (loss) $ 919 $ 1,045 $ (28 ) $ (1,017 ) $ 919 Other comprehensive income (loss), net of tax: Retirement benefits 13 29 (15 ) (14 ) 13 Cumulative translation adjustment and other 11 12 16 (28 ) 11 Comprehensive income (loss) $ 943 $ 1,086 $ (27 ) $ (1,059 ) $ 943 For the Three Months Ended June 30, 2016 Net income (loss) $ 796 $ 918 $ (23 ) $ (895 ) $ 796 Other comprehensive income (loss), net of tax: Retirement benefits 39 40 (1 ) (39 ) 39 Long-term investments 4 4 — (4 ) 4 Cumulative translation adjustment and other (5 ) (5 ) (7 ) 12 (5 ) Comprehensive income (loss) $ 834 $ 957 $ (31 ) $ (926 ) $ 834 For the Six Months Ended June 30, 2017 Net income (loss) $ 1,699 $ 1,922 $ (50 ) $ (1,872 ) $ 1,699 Other comprehensive income (loss), net of tax: Retirement benefits 9 26 (14 ) (12 ) 9 Cumulative translation adjustment and other 14 15 20 (35 ) 14 Comprehensive income (loss) $ 1,722 $ 1,963 $ (44 ) $ (1,919 ) $ 1,722 For the Six Months Ended June 30, 2016 Net income (loss) $ 4,361 $ 4,776 $ (46 ) $ (4,730 ) $ 4,361 Other comprehensive income (loss), net of tax: Retirement benefits 33 34 (1 ) (33 ) 33 Long-term investments 3 3 — (3 ) 3 Hedging instruments 11 — — — 11 Cumulative translation adjustment and other 17 17 26 (43 ) 17 Comprehensive income (loss) $ 4,425 $ 4,830 $ (21 ) $ (4,809 ) $ 4,425 Details about the reclassifications out of accumulated other comprehensive loss and the affected line items in the condensed consolidating statements of income (unaudited) for the three months ended June 30, 2017, were as follows: Components Amounts Reclassified Affected Line Item Parent Issuer Guarantors Non-Guarantors Eliminations Consolidated Defined benefit pension and postretirement plans: Amortization of prior service credit $ — $ (5 ) $ — $ — $ (5 ) Cost of products sold Amortization of prior service credit — (4 ) — — (4 ) Selling, general and administrative expenses — (9 ) — — (9 ) Operating income (loss) Deferred taxes — 2 — — 2 Provision for (benefit from) income taxes Net of tax — (7 ) — — (7 ) Net income (loss) Equity income from subsidiaries (7 ) — — 7 — Equity income from subsidiaries Total reclassifications $ (7 ) $ (7 ) $ — $ 7 $ (7 ) Net income (loss) Details about the reclassifications out of accumulated other comprehensive loss and the affected line items in the condensed consolidating statements of income (unaudited) for the three months ended June 30, 2016, were as follows: Components Amounts Reclassified Affected Line Item Parent Issuer Guarantors Non-Guarantors Eliminations Consolidated Defined benefit pension and postretirement plans: Amortization of prior service credit $ — $ (5 ) $ — $ — $ (5 ) Cost of products sold Amortization of prior service credit — (5 ) — — (5 ) Selling, general and administrative expenses — (10 ) — — (10 ) Operating income (loss) Deferred taxes — 4 — — 4 Provision for (benefit from) income taxes Net of tax — (6 ) — — (6 ) Net income (loss) Equity income from subsidiaries (6 ) — — 6 — Equity income from subsidiaries Total reclassifications $ (6 ) $ (6 ) $ — $ 6 $ (6 ) Net income (loss) Details about the reclassifications out of accumulated other comprehensive loss and the affected line items in the condensed consolidating statements of income (unaudited) for the six months ended June 30, 2017, were as follows: Components Amounts Reclassified Affected Line Item Parent Issuer Guarantors Non-Guarantors Eliminations Consolidated Defined benefit pension and postretirement plans: Amortization of prior service credit $ — $ (9 ) $ — $ — $ (9 ) Cost of products sold Amortization of prior service credit — (8 ) — — (8 ) Selling, general and administrative expenses — (17 ) — — (17 ) Operating income (loss) Deferred taxes — 6 — — 6 Provision for (benefit from) income taxes Net of tax — (11 ) — — (11 ) Net income (loss) Equity income from subsidiaries (11 ) — — 11 — Equity income from subsidiaries Total reclassifications $ (11 ) $ (11 ) $ — $ 11 $ (11 ) Net income (loss) Details about the reclassifications out of accumulated other comprehensive loss and the affected line items in the condensed consolidating statements of income (unaudited) for the six months ended June 30, 2016, were as follows: Components Amounts Reclassified Affected Line Item Parent Issuer Guarantors Non-Guarantors Eliminations Consolidated Defined benefit pension and postretirement plans: Amortization of prior service credit $ — $ (10 ) $ — $ — $ (10 ) Cost of products sold Amortization of prior service credit — (10 ) — — (10 ) Selling, general and administrative expenses — (20 ) — — (20 ) Operating income (loss) Deferred taxes — 8 — — 8 Provision for (benefit from) income taxes Net of tax — (12 ) — — (12 ) Net income (loss) Long-term investments: Realized gain on long-term investments — (3 ) — — (3 ) Other expense (income), net Deferred taxes — 1 — — 1 Provision for (benefit from) income taxes Net of tax — (2 ) — — (2 ) Net income (loss) Hedging instruments: Forward starting interest rate contracts 16 — — — 16 Other expense (income), net Amortization of realized loss 1 — — — 1 Interest and debt expense 17 — — — 17 Income (loss) before income taxes Deferred taxes (6 ) — — — (6 ) Provision for (benefit from) income taxes Net of tax 11 — — — 11 Net income (loss) Cumulative translation adjustment and other: Derecognition of cumulative translation adjustment — — 27 — 27 Gain on divestiture Equity income from subsidiaries 13 27 — (40 ) — Equity income from subsidiaries Total reclassifications $ 24 $ 13 $ 27 $ (40 ) $ 24 Net income (loss) Condensed Consolidating Statements of Cash Flows (Dollars in Millions) Parent Issuer Guarantors Non- Guarantors Eliminations Consolidated For the Six Months Ended June 30, 2017 Cash flows from (used in) operating activities $ 1,714 $ 606 $ (37 ) $ (1,006 ) $ 1,277 Cash flows from (used in) investing activities: Capital expenditures — (65 ) (1 ) — (66 ) Return of intercompany investments 145 — — (145 ) — Other, net 205 12 — (216 ) 1 Net cash flows from (used in) investing activities 350 (53 ) (1 ) (361 ) (65 ) Cash flows from (used in) financing activities: Dividends paid on common stock (1,384 ) (985 ) — 985 (1,384 ) Repurchase of common stock (139 ) — — — (139 ) Borrowings under revolving credit facility 500 — — — 500 Repayments of borrowings under revolving credit facility (500 ) — — — (500 ) Dividends paid on preferred stock (21 ) — — 21 — Distribution of equity — (145 ) — 145 — Other, net (11 ) (250 ) 45 216 — Net cash flows from (used in) financing activities (1,555 ) (1,380 ) 45 1,367 (1,523 ) Effect of exchange rate changes on cash and cash equivalents — — 18 — 18 Net change in cash and cash equivalents 509 (827 ) 25 — (293 ) Cash and cash equivalents at beginning of period 726 997 328 — 2,051 Cash and cash equivalents at end of period $ 1,235 $ 170 $ 353 $ — $ 1,758 Condensed Consolidating Statements of Cash Flows (Dollars in Millions) Parent Issuer Guarantors Non- Guarantors Eliminations Consolidated For the Six Months Ended June 30, 2016 Cash flows from (used in) operating activities $ (1,012 ) $ 603 $ (23 ) $ (293 ) $ (725 ) Cash flows from (used in) investing activities: Capital expenditures — (89 ) (5 ) — (94 ) Proceeds from settlement of investments — 182 — — 182 Proceeds from divestiture 5,015 — — — 5,015 Return of intercompany investments 412 26 — (438 ) — Other, net 260 11 — (271 ) — Net cash flows from (used in) investing activities 5,687 130 (5 ) (709 ) 5,103 Cash flows from (used in) financing activities: Dividends paid on common stock (1,113 ) (247 ) (25 ) 272 (1,113 ) Repurchase of common stock (149 ) — — — (149 ) Early extinguishment of debt (3,642 ) (8 ) — — (3,650 ) Premiums paid for early extinguishment of debt (206 ) (1 ) — — (207 ) Proceeds from termination of interest rate swaps — 66 — — 66 Debt financing fees (7 ) — — — (7 ) Excess tax benefit on stock-based compensation plans 26 — — — 26 Dividends paid on preferred stock (21 ) — — 21 — Distribution of equity — (412 ) (26 ) 438 — Other, net (11 ) (260 ) — 271 — Net cash flows used in financing activities (5,123 ) (862 ) (51 ) 1,002 (5,034 ) Effect of exchange rate changes on cash and cash equivalents — — 7 — 7 Net change in cash and cash equivalents (448 ) (129 ) (72 ) — (649 ) Cash and cash equivalents at beginning of period 575 1,544 448 — 2,567 Cash and cash equivalents at end of period $ 127 $ 1,415 $ 376 $ — $ 1,918 Condensed Consolidating Balance Sheets (Dollars in Millions) Parent Issuer Guarantors Non- Guarantors Eliminations Consolidated June 30, 2017 Assets Cash and cash equivalents $ 1,235 $ 170 $ 353 $ — $ 1,758 Accounts receivable — 118 5 — 123 Accounts receivable, related party — 1 — — 1 Other receivables 60 1,128 88 (1,265 ) 11 Inventories — 1,400 50 (2 ) 1,448 Other current assets 13 287 4 (9 ) 295 Total current assets 1,308 3,104 500 (1,276 ) 3,636 Property, plant and equipment, net of accumulated depreciation 2 1,303 33 — 1,338 Trademarks and other intangible assets, net of accumulated amortization — 29,420 14 (2 ) 29,432 Goodwill — 15,976 16 — 15,992 Long-term intercompany notes receivable 1,184 138 — (1,322 ) — Investment in subsidiaries 34,501 339 — (34,840 ) — Other assets and deferred charges 70 44 64 (113 ) 65 Total assets $ 37,065 $ 50,324 $ 627 $ (37,553 ) $ 50,463 Liabilities and shareholders’ equity Accounts payable $ 2 $ 182 $ 9 $ — $ 193 Tobacco settlement accruals — 1,833 — — 1,833 Due to related party — — — — — Deferred revenue, related party — 106 — — 106 Current maturities of long-term debt 1,695 53 — — 1,748 Dividends payable on common stock 727 — — — 727 Other current liabilities 1,378 756 78 (1,277 ) 935 Total current liabilities 3,802 2,930 87 (1,277 ) 5,542 Long-term intercompany notes payable 138 650 534 (1,322 ) — Long-term debt (less current maturities) 11,134 256 — — 11,390 Long-term deferred income taxes, net — 9,725 — (111 ) 9,614 Long-term retirement benefits (less current portion) 58 1,587 123 — 1,768 Long-term deferred revenue, related party — 19 — — 19 Other noncurrent liabilities 47 194 3 — 244 Shareholders' equity (deficit) 21,886 34,963 (120 ) (34,843 ) 21,886 Total liabilities and shareholders’ equity $ 37,065 $ 50,324 $ 627 $ (37,553 ) $ 50,463 Condensed Consolidating Balance Sheets (Dollars in Millions) Parent Issuer Guarantors Non- Guarantors Eliminations Consolidated December 31, 2016 Assets Cash and cash equivalents $ 726 $ 997 $ 328 $ — $ 2,051 Accounts receivable — 62 4 — 66 Accounts receivable, related party — 113 — — 113 Other receivables 63 3,572 17 (3,642 ) 10 Inventories — 1,604 43 (2 ) 1,645 Other current assets 112 238 — 3 353 Total current assets 901 6,586 392 (3,641 ) 4,238 Property, plant and equipment, net of accumulated depreciation 2 1,314 32 — 1,348 Trademarks and other intangible assets, net of accumulated amortization — 29,432 14 (2 ) 29,444 Goodwill — 15,976 16 — 15,992 Long-term intercompany notes receivable 1,390 148 — (1,538 ) — Investment in subsidiaries 36,865 333 — (37,198 ) — Other assets and deferred charges 80 52 37 (96 ) 73 Total assets $ 39,238 $ 53,841 $ 491 $ (42,475 ) $ 51,095 Liabilities and shareholders’ equity Accounts payable $ 1 $ 213 $ 7 $ — $ 221 Tobacco settlement accruals — 2,498 — — 2,498 Due to related party — 7 — — 7 Deferred revenue, related party — 66 — — 66 Current maturities of long-term debt 448 53 — — 501 Dividends payable on common stock 656 — — — 656 Other current liabilities 3,767 871 40 (3,642 ) 1,036 Total current liabilities 4,872 3,708 47 (3,642 ) 4,985 Long-term intercompany notes payable 148 900 490 (1,538 ) — Long-term debt (less current maturities) 12,404 260 — — 12,664 Long-term deferred income taxes, net — 9,700 — (93 ) 9,607 Long-term retirement benefits (less current portion) 59 1,767 43 — 1,869 Long-term deferred revenue, related party — 39 — — 39 Other noncurrent liabilities 44 176 — — 220 Shareholders' equity (deficit) 21,711 37,291 (89 ) (37,202 ) 21,711 Total liabilities and shareholders’ equity $ 39,238 $ 53,841 $ 491 $ (42,475 ) $ 51,095 |
RJR Tobacco | |
RAI Guaranteed, Unsecured Notes - Condensed Consolidating Financial Statements | Note 13 — RJR Tobacco Guaranteed, Unsecured Notes — Condensed Consolidating Financial Statements The following condensed consolidating financial statements relate to the guaranties of RJR Tobacco’s $284 million aggregate principal amount of unsecured notes. RAI and RJR have fully and unconditionally, and jointly and severally, guaranteed these notes. For information on the impact from the BAT Merger, see note 14. The following condensed consolidating financial statements include: the accounts and activities of RAI, the Parent Guarantor; RJR Tobacco, the Issuer; RJR, a Guarantor; other direct and indirect subsidiaries of RAI that are not Guarantors; and elimination adjustments. Condensed Consolidating Statements of Income (Dollars in Millions) Parent Guarantor Issuer Guarantor Non- Guarantors Eliminations Consolidated For the Three Months Ended June 30, 2017 Net sales $ — $ 2,677 $ — $ 651 $ (38 ) $ 3,290 Net sales, related party — 28 — — — 28 Net sales — 2,705 — 651 (38 ) 3,318 Cost of products sold — 1,069 — 248 (39 ) 1,278 Selling, general and administrative expenses, net 12 1,507 — (1,042 ) 1 478 Amortization expense — 4 — 2 — 6 Operating income (loss) (12 ) 125 — 1,443 — 1,556 Interest and debt expense 148 2 — 17 (17 ) 150 Interest income (15 ) (2 ) (2 ) (1 ) 17 (3 ) Other expense (income), net 1 — (10 ) 9 11 11 Income (loss) before income taxes (146 ) 125 12 1,418 (11 ) 1,398 Provision for (benefit from) income taxes (50 ) 46 — 483 — 479 Equity income from subsidiaries 1,015 735 813 — (2,563 ) — Net income $ 919 $ 814 $ 825 $ 935 $ (2,574 ) $ 919 For the Three Months Ended June 30, 2016 Net sales $ — $ 2,626 $ — $ 557 $ (42 ) $ 3,141 Net sales, related party — 54 — — — 54 Net sales — 2,680 — 557 (42 ) 3,195 Cost of products sold — 1,108 — 210 (43 ) 1,275 Selling, general and administrative expenses, net 6 714 — (223 ) 2 499 Amortization expense — 5 — 1 — 6 Operating income (loss) (6 ) 853 — 569 (1 ) 1,415 Interest and debt expense 149 3 — 22 (22 ) 152 Interest income (21 ) (1 ) (1 ) (1 ) 22 (2 ) Other expense (income), net — 2 (10 ) (4 ) 11 (1 ) Income (loss) before income taxes (134 ) 849 11 552 (12 ) 1,266 Provision for (benefit from) income taxes (48 ) 325 — 193 — 470 Equity income from subsidiaries 882 220 746 — (1,848 ) — Net income $ 796 $ 744 $ 757 $ 359 $ (1,860 ) $ 796 Condensed Consolidating Statements of Income (Dollars in Millions) Parent Guarantor Issuer Guarantor Non- Guarantors Eliminations Consolidated For the Six Months Ended June 30, 2017 Net sales $ — $ 5,053 $ — $ 1,238 $ (90 ) $ 6,201 Net sales, related party — 66 — — — 66 Net sales — 5,119 — 1,238 (90 ) 6,267 Cost of products sold — 2,094 — 472 (89 ) 2,477 Selling, general and administrative expenses, net 27 2,826 (1 ) (1,957 ) 1 896 Amortization expense — 8 — 4 — 12 Operating income (loss) (27 ) 191 1 2,719 (2 ) 2,882 Interest and debt expense 295 4 — 37 (37 ) 299 Interest income (35 ) (3 ) (2 ) (2 ) 37 (5 ) Other expense (income), net 2 1 (21 ) 12 21 15 Income (loss) before income taxes (289 ) 189 24 2,672 (23 ) 2,573 Provision for (benefit from) income taxes (125 ) 84 — 915 — 874 Equity income from subsidiaries 1,863 1,378 1,479 — (4,720 ) — Net income $ 1,699 $ 1,483 $ 1,503 $ 1,757 $ (4,743 ) $ 1,699 For the Six Months Ended June 30, 2016 Net sales $ — $ 5,009 $ — $ 1,081 $ (87 ) $ 6,003 Net sales, related party — 109 — — — 109 Net sales — 5,118 — 1,081 (87 ) 6,112 Cost of products sold — 2,125 — 404 (89 ) 2,440 Selling, general and administrative expenses, net 22 1,349 — (409 ) 2 964 Gain on divestiture — — — (4,861 ) — (4,861 ) Amortization expense — 9 — 3 — 12 Operating income (loss) (22 ) 1,635 — 5,944 — 7,557 Interest and debt expense 323 3 — 48 (48 ) 326 Interest income (47 ) (3 ) (2 ) (1 ) 48 (5 ) Other expense (income), net 240 6 (20 ) 3 22 251 Income (loss) before income taxes (538 ) 1,629 22 5,894 (22 ) 6,985 Provision for (benefit from) income taxes (190 ) 652 — 2,162 — 2,624 Equity income from subsidiaries 4,709 404 1,402 — (6,515 ) — Net income $ 4,361 $ 1,381 $ 1,424 $ 3,732 $ (6,537 ) $ 4,361 Condensed Consolidating Statements of Comprehensive Income (Dollars in Millions) Parent Guarantor Issuer Guarantor Non- Guarantors Eliminations Consolidated For the Three Months Ended June 30, 2017 Net income $ 919 $ 814 $ 825 $ 935 $ (2,574 ) $ 919 Other comprehensive income (loss), net of tax: Retirement benefits 13 32 31 (18 ) (45 ) 13 Cumulative translation adjustment and other 11 12 12 12 (36 ) 11 Comprehensive income $ 943 $ 858 $ 868 $ 929 $ (2,655 ) $ 943 For the Three Months Ended June 30, 2016 Net income $ 796 $ 744 $ 757 $ 359 $ (1,860 ) $ 796 Other comprehensive income (loss), net of tax: Retirement benefits 39 44 42 (3 ) (83 ) 39 Long-term investments 4 4 4 — (8 ) 4 Cumulative translation adjustment and other (5 ) (4 ) (5 ) (5 ) 14 (5 ) Comprehensive income $ 834 $ 788 $ 798 $ 351 $ (1,937 ) $ 834 For the Six Months Ended June 30, 2017 Net income $ 1,699 $ 1,483 $ 1,503 $ 1,757 $ (4,743 ) $ 1,699 Other comprehensive income (loss), net of tax: Retirement benefits 9 29 28 (17 ) (40 ) 9 Cumulative translation adjustment and other 14 14 15 15 (44 ) 14 Comprehensive income $ 1,722 $ 1,526 $ 1,546 $ 1,755 $ (4,827 ) $ 1,722 For the Six Months Ended June 30, 2016 Net income $ 4,361 $ 1,381 $ 1,424 $ 3,732 $ (6,537 ) $ 4,361 Other comprehensive income (loss), net of tax: Retirement benefits 33 38 36 (3 ) (71 ) 33 Long-term investments 3 3 3 — (6 ) 3 Hedging instruments 11 — — — — 11 Cumulative translation adjustment and other 17 17 17 17 (51 ) 17 Comprehensive income $ 4,425 $ 1,439 $ 1,480 $ 3,746 $ (6,665 ) $ 4,425 Details about the reclassifications out of accumulated other comprehensive loss and the affected line items in the condensed consolidating statements of income (unaudited) for the three months ended June 30, 2017, were as follows: Components Amounts Reclassified Affected Line Item Parent Guarantor Issuer Guarantor Non- Guarantors Eliminations Consolidated Defined benefit pension and postretirement plans: Amortization of prior service credit $ — $ (5 ) $ — $ — $ — $ (5 ) Cost of products sold Amortization of prior service credit — (4 ) — — — (4 ) Selling, general and administrative expenses, net — (9 ) — — — (9 ) Operating income (loss) Deferred taxes — 2 — — — 2 Provision for (benefit from) income taxes Net of tax — (7 ) — — — (7 ) Net income Equity income from subsidiaries (7 ) — (7 ) — 14 — Equity income from subsidiaries Total reclassifications $ (7 ) $ (7 ) $ (7 ) $ — $ 14 $ (7 ) Net income Details about the reclassifications out of accumulated other comprehensive loss and the affected line items in the condensed consolidating statements of income (unaudited) for the three months ended June 30, 2016, were as follows: Components Amounts Reclassified Affected Line Item Parent Guarantor Issuer Guarantor Non- Guarantors Eliminations Consolidated Defined benefit pension and postretirement plans: Amortization of prior service credit $ — $ (5 ) $ — $ — $ — $ (5 ) Cost of products sold Amortization of prior service credit — (5 ) — — — (5 ) Selling, general and administrative expenses, net — (10 ) — — — (10 ) Operating income (loss) Deferred taxes — 4 — — — 4 Provision for (benefit from) income taxes Net of tax — (6 ) — — — (6 ) Net income Equity income from subsidiaries (6 ) — (6 ) — 12 — Equity income from subsidiaries Total reclassifications $ (6 ) $ (6 ) $ (6 ) $ — $ 12 $ (6 ) Net income Details about the reclassifications out of accumulated other comprehensive loss and the affected line items in the condensed consolidating statements of income (unaudited) for the six months ended June 30, 2017, were as follows: Components Amounts Reclassified Affected Line Item Parent Guarantor Issuer Guarantor Non- Guarantors Eliminations Consolidated Defined benefit pension and postretirement plans: Amortization of prior service credit $ — $ (9 ) $ — $ — $ — $ (9 ) Cost of products sold Amortization of prior service credit — (8 ) — — — (8 ) Selling, general and administrative expenses, net — (17 ) — — — (17 ) Operating income (loss) Deferred taxes — 6 — — — 6 Provision for (benefit from) income taxes Net of tax — (11 ) — — — (11 ) Net income Equity income from subsidiaries (11 ) — (11 ) — 22 — Equity income from subsidiaries Total reclassifications $ (11 ) $ (11 ) $ (11 ) $ — $ 22 $ (11 ) Net income Details about the reclassifications out of accumulated other comprehensive loss and the affected line items in the condensed consolidating statements of income (unaudited) for the six months ended June 30, 2016, were as follows: Components Amounts Reclassified Affected Line Item Parent Guarantor Issuer Guarantor Non- Guarantors Eliminations Consolidated Defined benefit pension and postretirement plans: Amortization of prior service credit $ — $ (10 ) $ — $ — $ — $ (10 ) Cost of products sold Amortization of prior service credit — (10 ) — — — (10 ) Selling, general and administrative expenses, net — (20 ) — — — (20 ) Operating income (loss) Deferred taxes — 8 — — — 8 Provision for (benefit from) income taxes Net of tax — (12 ) — — — (12 ) Net income Long-term investments: Realized gain on long-term investments — (3 ) — — — (3 ) Other expense (income), net Deferred taxes — 1 — — — 1 Provision for (benefit from) income taxes Net of tax — (2 ) — — — (2 ) Net income Loss on hedging instruments: Forward starting interest rate contracts 16 16 Other expense (income), net Amortization of realized loss 1 — — — — 1 Interest and debt expense 17 — — — — 17 Income (loss) before income taxes Deferred taxes (6 ) — — — — (6 ) Provision for (benefit from) income taxes Net of tax 11 — — — — 11 Net income Cumulative translation adjustment and other: Derecognition of cumulative translation adjustment — — — 27 — 27 Gain on divestiture Equity income from subsidiaries 13 27 13 — (53 ) — Equity income from subsidiaries Total reclassifications $ 24 $ 13 $ 13 $ 27 $ (53 ) $ 24 Net income Condensed Consolidating Statements of Cash Flows (Dollars in Millions) Parent Guarantor Issuer Guarantor Non- Guarantors Eliminations Consolidated For the Six Months Ended June 30, 2017 Cash flows from operating activities $ 1,714 $ 510 $ 442 $ 1,045 $ (2,434 ) $ 1,277 Cash flows from (used in) investing activities: Capital expenditures — (46 ) — (20 ) — (66 ) Return of intercompany investments 145 12 679 — (836 ) — Other, net 205 — 9 11 (224 ) 1 Net cash flows from (used in) investing activities 350 (34 ) 688 (9 ) (1,060 ) (65 ) Cash flows from (used in) financing activities: Dividends paid on common stock (1,384 ) (365 ) (985 ) (1,063 ) 2,413 (1,384 ) Repurchase of common stock (139 ) — — — — (139 ) Borrowings under revolving credit facility 500 — — — — 500 Repayments of borrowings under revolving credit facility (500 ) — — — — (500 ) Dividends paid on preferred stock (21 ) — — — 21 — Distribution of equity — (679 ) (145 ) (12 ) 836 — Other, net (11 ) — — (213 ) 224 — Net cash flows used in financing activities (1,555 ) (1,044 ) (1,130 ) (1,288 ) 3,494 (1,523 ) Effect of exchange rate changes on cash and cash equivalents — — — 18 — 18 Net change in cash and cash equivalents 509 (568 ) — (234 ) — (293 ) Cash and cash equivalents at beginning of period 726 670 1 654 — 2,051 Cash and cash equivalents at end of period $ 1,235 $ 102 $ 1 $ 420 $ — $ 1,758 Condensed Consolidating Statements of Cash Flows (Dollars in Millions) Parent Guarantor Issuer Guarantor Non- Guarantors Eliminations Consolidated For the Six Months Ended June 30, 2016 Cash flows from (used in) operating activities $ (1,012 ) $ 120 $ 38 $ 611 $ (482 ) $ (725 ) Cash flows from (used in) investing activities: Capital expenditures — (59 ) — (35 ) — (94 ) Proceeds from settlement of investments — 182 — — — 182 Proceeds from divestiture 5,015 — — — — 5,015 Return of intercompany investments 412 495 598 — (1,505 ) — Other, net 260 — 8 11 (279 ) — Net cash flows from (used in) investing activities 5,687 618 606 (24 ) (1,784 ) 5,103 Cash flows from (used in) financing activities: Dividends paid on common stock (1,113 ) (9 ) (247 ) (205 ) 461 (1,113 ) Repurchase of common stock (149 ) — — — — (149 ) Early extinguishment of debt (3,642 ) (8 ) — — — (3,650 ) Premiums paid for early extinguishment of debt (206 ) (1 ) — — — (207 ) Proceeds from termination of interest rate swaps — 66 — — — 66 Debt financing fees (7 ) — — — — (7 ) Excess tax benefit on stock-based compensation plans 26 — — — — 26 Dividends paid on preferred stock (21 ) — — — 21 — Distribution of equity — (580 ) (412 ) (513 ) 1,505 — Other, net (11 ) — — (268 ) 279 — Net cash flows used in financing activities (5,123 ) (532 ) (659 ) (986 ) 2,266 (5,034 ) Effect of exchange rate changes on cash and cash equivalents — — — 7 — 7 Net change in cash and cash equivalents (448 ) 206 (15 ) (392 ) — (649 ) Cash and cash equivalents at beginning of period 575 809 19 1,164 — 2,567 Cash and cash equivalents at end of period $ 127 $ 1,015 $ 4 $ 772 $ — $ 1,918 Condensed Consolidating Balance Sheets (Dollars in Millions) Parent Guarantor Issuer Guarantor Non- Guarantors Eliminations Consolidated June 30, 2017 Assets Cash and cash equivalents $ 1,235 $ 102 $ 1 $ 420 $ — $ 1,758 Accounts receivable — 72 — 51 — 123 Accounts receivable, related party — 1 — — — 1 Other receivables 60 95 17 1,158 (1,319 ) 11 Inventories — 748 — 702 (2 ) 1,448 Other current assets 13 202 — 89 (9 ) 295 Total current assets 1,308 1,220 18 2,420 (1,330 ) 3,636 Property, plant and equipment, net of accumulated depreciation 2 845 — 491 — 1,338 Trademarks and other intangible assets, net of accumulated amortization — 309 — 29,124 (1 ) 29,432 Goodwill — 3,454 9,853 2,685 — 15,992 Long-term intercompany notes receivable 1,184 — 65 138 (1,387 ) — Investment in subsidiaries 34,501 18,674 21,098 — (74,273 ) — Other assets and deferred charges 70 1,141 10 14 (1,170 ) 65 Total assets $ 37,065 $ 25,643 $ 31,044 $ 34,872 $ (78,161 ) $ 50,463 Liabilities and shareholders’ equity Accounts payable $ 2 $ 165 $ — $ 26 $ — $ 193 Tobacco settlement accruals — 1,729 — 104 — 1,833 Due to related party — — — — — — Deferred revenue, related party — 106 — — — 106 Current maturities of long-term debt 1,695 53 — — — 1,748 Dividends payable on common stock 727 — — — — 727 Other current liabilities 1,378 592 38 257 (1,330 ) 935 Total current liabilities 3,802 2,645 38 387 (1,330 ) 5,542 Long-term intercompany notes payable 138 — — 1,249 (1,387 ) — Long-term debt (less current maturities) 11,134 256 — — — 11,390 Long-term deferred income taxes, net — — — 10,781 (1,167 ) 9,614 Long-term retirement benefits (less current portion) 58 1,467 26 217 — 1,768 Long-term deferred revenue, related party — 19 — — — 19 Other noncurrent liabilities 47 168 — 29 — 244 Shareholders' equity 21,886 21,088 30,980 22,209 (74,277 ) 21,886 Total liabilities and shareholders’ equity $ 37,065 $ 25,643 $ 31,044 $ 34,872 $ (78,161 ) $ 50,463 Condensed Consolidating Balance Sheets (Dollars in Millions) Parent Guarantor Issuer Guarantor Non- Guarantors Eliminations Consolidated December 31, 2016 Assets Cash and cash equivalents $ 726 $ 670 $ 1 $ 654 $ — $ 2,051 Accounts receivable — 27 — 39 — 66 Accounts receivable, related party — 113 — — — 113 Other receivables 63 5 38 4,828 (4,924 ) 10 Inventories — 812 — 835 (2 ) 1,645 Other current assets 112 195 — 43 3 353 Total current assets 901 1,822 39 6,399 (4,923 ) 4,238 Property, plant and equipment, net of accumulated depreciation 2 855 — 491 — 1,348 Trademarks and other intangible assets, net of accumulated amortization — 317 — 29,129 (2 ) 29,444 Goodwill — 3,453 9,853 2,686 — 15,992 Long-term intercompany notes receivable 1,390 — 73 148 (1,611 ) — Investment in subsidiaries 36,865 22,954 23,938 — (83,757 ) — Other assets and deferred charges 80 1,204 11 13 (1,235 ) 73 Total assets $ 39,238 $ 30,605 $ 33,914 $ 38,866 $ (91,528 ) $ 51,095 Liabilities and shareholders’ equity Accounts payable $ 1 $ 190 $ — $ 30 $ — $ 221 Tobacco settlement accruals — 2,326 — 172 — 2,498 Due to related party — 7 — — — 7 Deferred revenue, related party — 66 — — — 66 Current maturities of long-term debt 448 53 — — — 501 Dividends payable on common stock 656 — — — — 656 Other current liabilities 3,767 1,923 2 268 (4,924 ) 1,036 Total current liabilities 4,872 4,565 2 470 (4,924 ) 4,985 Long-term intercompany notes payable 148 — — 1,463 (1,611 ) — Long-term debt (less current maturities) 12,404 260 — — — 12,664 Long-term deferred income taxes, net — — — 10,839 (1,232 ) 9,607 Long-term retirement benefits (less current portion) 59 1,651 28 131 — 1,869 Long-term deferred revenue, related party — 39 — — — 39 Other noncurrent liabilities 44 153 — 23 — 220 Shareholders' equity 21,711 23,937 33,884 25,940 (83,761 ) 21,711 Total liabilities and shareholders’ equity $ 39,238 $ 30,605 $ 33,914 $ 38,866 $ (91,528 ) $ 51,095 |
Subsequent Event
Subsequent Event | 6 Months Ended |
Jun. 30, 2017 | |
Subsequent Events [Abstract] | |
Subsequent Event | Note 14 — Subsequent Event On July 25, 2017, BAT acquired the remaining approximately 58% of RAI’s outstanding common stock not owned by BAT in a cash and stock transaction, valued at approximately $54.5 billion, pursuant to the Merger Agreement, wherein Merger Sub merged with and into RAI, with RAI surviving as an indirect, wholly owned subsidiary of BAT. BAT is subject to applicable SEC reporting obligations as a foreign private issuer. The BAT ADSs trade on the NYSE, under the symbol BTI. Immediately upon the closing of the BAT Merger, certain change-of-control provisions contained in equity awards granted to RAI employees under the Omnibus Plan were met, which resulted in the accelerated vesting of those equity awards. With respect to the equity awards that accelerated in connection with the BAT Merger, such equity awards were converted into the right to receive merger consideration in accordance with the terms of the Omnibus Plan and the applicable equity award agreement. All remaining equity awards that were not eligible for accelerated vesting were assumed and replaced with equity awards issued by BAT. In addition, certain deferred stock units granted to eligible directors of RAI under the Equity Incentive Award Plan for Directors of Reynolds American Inc., referred to as the EIAP, were settled in cash or merger consideration, as applicable, in accordance with the terms of the EIAP and the elections of each applicable director. Deferred stock units held by eligible directors of RAI under the Deferred Compensation Plan for Directors of Reynolds American Inc., referred to as the DCP, that tracked the value of shares of RAI common stock before the BAT Merger, were converted into deferred stock units tracking the value of BAT ADSs and remain outstanding in accordance with the terms of the DCP. Also, upon completion of the BAT Merger: • RAI terminated its Credit Agreement and, in doing so, the related subsidiary guarantees of the Credit Agreement also terminated and were released. The RAI indenture provides that a guarantor that is released from its guarantee of the Credit Agreement (or any successor) also will be released from its guarantee of the RAI notes. Accordingly, in connection with the termination of the Credit Agreement, all of the subsidiary guarantees of the RAI notes were released automatically at the same time. Although RJR’s guarantee of the RAI notes also was released automatically, it was replaced simultaneously by a new guarantee in order to comply with a covenant of the RAI indenture. The guarantees by RAI and RJR of the RJR Tobacco notes were not released. • BAT extended separate guarantees of the outstanding senior notes of RAI and RJR Tobacco. • The Share Repurchase Program, approved by the board of directors on July 25, 2016, terminated. After completion of the BAT Merger, RAI notified the NYSE of its intent to remove the RAI common stock from listing on the NYSE and requested that the NYSE file with the SEC an application on Form 25 to report the delisting of the RAI common stock from the NYSE under Section 12(b) of the Exchange Act. On July 25, 2017, the NYSE filed with the SEC a Form 25 to delist and deregister the RAI common stock. As a result, shares of RAI common stock were suspended from trading on the NYSE as of 8:40 AM on July 25, 2017. RAI is in the process of deregistering its common stock with the SEC under Section 12(g) of the Exchange Act and suspending its reporting obligations under Sections 13(a) and 15(d) of the Exchange Act by filing a Form 15 with the SEC promptly after the Form 25 becomes effective. After the filing of this Quarterly Report on Form 10-Q, RAI will no longer file periodic reports under the Exchange Act, with the SEC, with respect to its common stock. It is further expected that RAI will guarantee all debt securities outstanding, or which may be issued in the future, under BAT’s £25 billion Euro Medium Term Note Program issued by a finance subsidiary of BAT and guaranteed by BAT and certain of its other subsidiaries. In addition, RAI is expected to guarantee debt that certain BAT subsidiaries anticipate issuing to refinance a portion of the acquisition facility used to fund the cash portion of the merger consideration. |
Business and Summary of Signi23
Business and Summary of Significant Accounting Policies (Policies) | 6 Months Ended |
Jun. 30, 2017 | |
Accounting Policies [Abstract] | |
Operating Segments | Operating Segments RAI’s reportable operating segments are RJR Tobacco, Santa Fe and American Snuff. The RJR Tobacco segment consists of the primary operations of R. J. Reynolds Tobacco Company. The Santa Fe segment consists of the primary operations of SFNTC. The American Snuff segment consists of the primary operations of American Snuff Co. Included in All Other, among other RAI subsidiaries, are RJR Vapor, Niconovum USA, Inc., Niconovum AB, and until their sale on January 13, 2016, as described above, SFRTI and various foreign subsidiaries affiliated with SFRTI. The segments were identified based on how RAI’s chief operating decision maker allocates resources and assesses performance. Certain of RAI’s operating subsidiaries have entered into intercompany agreements for products or services with other subsidiaries. As a result, certain activities of an operating subsidiary may be included in a different segment of RAI. For additional information regarding segments, see note 10. RAI’s operating subsidiaries primarily conduct their businesses in the United States. |
Basis of Presentation | Basis of Presentation The accompanying interim condensed consolidated financial statements (unaudited) have been prepared in accordance with accounting principles generally accepted in the United States of America, referred to as GAAP, for interim financial information and, in management’s opinion, contain all adjustments, consisting only of normal recurring items, necessary for a fair presentation of the results for the periods presented. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. All material intercompany balances have been eliminated. For interim reporting purposes, certain costs and expenses are charged to operations in proportion to the estimated total annual amount expected to be incurred primarily based on sales volumes. The results for the interim periods ended June 30, 2017, are not necessarily indicative of the results that may be expected for a full fiscal year. The condensed consolidated financial statements (unaudited) should be read in conjunction with the consolidated financial statements and related footnotes, which appear in RAI’s Annual Report on Form 10-K for the year ended December 31, 2016. Certain reclassifications were made to conform prior years’ financial statements to the current presentation. Certain amounts presented in note 7 are rounded in the aggregate and may not sum from the individually presented components. All dollar amounts, other than per share amounts, are presented in millions, except for amounts set forth in note 7 and as otherwise noted. |
Cost of Products Sold | Cost of Products Sold Cost of products sold includes, among other expenses, the expenses for the Master Settlement Agreement, referred to as the MSA, and other settlement agreements with the States of Mississippi, Florida, Texas and Minnesota, which together with the MSA are collectively referred to as the State Settlement Agreements, and the user fees charged by the U.S. Food and Drug Administration, referred to as the FDA. These expenses were as follows: For the Three Months Ended June 30, For the Six Months Ended June 30, 2017 2016 2017 2016 State Settlement Agreements $ 758 $ 719 $ 1,485 $ 1,349 FDA user fees 46 49 93 99 In 2012, RJR Tobacco, Lorillard Tobacco Company, LLC., referred to as Lorillard Tobacco, SFNTC and certain other participating manufacturers, referred to as the PMs, entered into a term sheet, referred to as the Term Sheet, with 17 states, the District of Columbia and Puerto Rico to settle certain claims related to the MSA non-participating manufacturer adjustment, referred to as the NPM Adjustment. The Term Sheet resolved claims related to volume years from 2003 through 2012 and puts in place a revised method to determine future adjustments from 2013 forward. In 2013 and 2014, five additional states joined the Term Sheet, including two states that were found to not have diligently enforced their qualifying statutes in 2003. An additional two states joined the Term Sheet in the second quarter of 2017 and, as a result, expenses for the MSA were reduced by $17 million for the three and six months ended June 30, 2017. The parties to the Term Sheet represent an allocable share of 51.73%. As a result of meeting the performance requirements associated with the Term Sheet, RJR Tobacco and Santa Fe, collectively, recognized credits of $16 million and $74 million for the three months ended June 30, 2017 and 2016, respectively, and $26 million and $143 million for the six months ended June 30, 2017 and 2016, respectively. RJR Tobacco expects to recognize additional credits through the remainder of 2017. In October 2015, RJR Tobacco, SFNTC and certain other PMs entered into a settlement agreement with the State of New York, referred to as the NY Settlement Agreement, to settle certain claims related to the NPM Adjustment. The NY Settlement Agreement resolves NPM Adjustment claims related to payment years from 2004 through 2014, providing RJR Tobacco and SFNTC, collectively, with credits, of approximately $290 million, plus interest, subject to meeting various performance obligations. These credits will be applied against annual payments under the MSA over a four-year period, which commenced with the April 2016 MSA payment. RJR Tobacco and Santa Fe, collectively, recognized credits of $26 million and $24 million as a reduction to costs of products sold for the three months ended June 30, 2017 and 2016, respectively, and $49 million and $46 million for the six months ended June 30, 2017 and 2016, respectively. In addition, the NY Settlement Agreement put in place a new method to determine future adjustments from 2015 forward as to New York. For additional information related to the NPM Adjustment settlement and the 2003 NPM Adjustment claim, see “— Litigation Affecting the Cigarette Industry — State Settlement Agreements—Enforcement and Validity; Adjustments” in note 7. |
Pension and Postretirement | Pension and Postretirement Pension and postretirement benefits require balance sheet recognition of the net asset or net liability position of defined benefit pension and postretirement benefit plans, on a plan-by-plan basis, and recognition of changes in the funded status in the year in which the changes occur. Actuarial (gains) losses are changes in the amount of either the benefit obligation or the fair value of plan assets resulting from experience different from that assumed or from changes in assumptions. Differences between actual results and actuarial assumptions are accumulated and recognized as a mark-to-market adjustment, referred to as an MTM adjustment, to the extent such accumulated net (gains) losses exceed 10% of the greater of the fair value of plan assets or benefit obligations, referred to as the corridor. Net (gains) losses outside the corridor are generally recognized annually as of December 31, or when a plan is remeasured during an interim period. Prior service costs (credits) of pension benefits, which are changes in benefit obligations due to plan amendments, are amortized on a straight-line basis over the average remaining service period for active employees, or average remaining life expectancies for inactive employees if most of the plan obligations are due to inactive employees. Prior service costs (credits) of postretirement benefits, which are changes in benefit obligations due to plan amendments, are amortized on a straight-line basis over the expected service period to full eligibility age for active employees, or average remaining life expectancies for inactive employees if most of the plan obligations are due to inactive employees. The components of the net benefit income are set forth below: For the Three Months Ended June 30, For the Six Months Ended June 30, Postretirement Postretirement Pension Benefits Benefits Pension Benefits Benefits 2017 2016 2017 2016 2017 2016 2017 2016 Service cost $ 5 $ 4 $ 1 $ — $ 9 $ 8 $ 1 $ 1 Interest cost 67 74 11 11 134 148 22 24 Expected return on plan assets (97 ) (93 ) (3 ) (2 ) (194 ) (186 ) (5 ) (5 ) Amortization of prior service cost (credit) — — (9 ) (10 ) 1 1 (18 ) (21 ) Net benefit income $ (25 ) $ (15 ) $ — $ (1 ) $ (50 ) $ (29 ) $ — $ (1 ) RAI disclosed in its financial statements for the year ended December 31, 2016, that it expects to contribute $111 million to its pension plans in 2017, of which $7 million was contributed during the first six months of 2017. |
Fair Value Measurement | Fair Value Measurement Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date, essentially an exit price. RAI determines the fair value of assets and liabilities using a fair value hierarchy that distinguishes between market participant assumptions based on market data obtained from sources independent of the reporting entity, and the reporting entity’s own assumptions about market participant assumptions based on the best information available in the circumstances. The levels of the fair value hierarchy are: Level 1: inputs are quoted prices, unadjusted, in active markets for identical assets or liabilities that the reporting entity has the ability to access at the measurement date. Level 2: inputs are other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly. A Level 2 input must be observable for substantially the full term of the asset or liability. Level 3: inputs are unobservable and reflect the reporting entity’s own assumptions about the assumptions that market participants would use in pricing the asset or liability. As of June 30, 2017 and December 31, 2016, the fair value of RAI’s cash equivalents was $1.7 billion and $2.0 billion, respectively, and was classified in Level 1 of the fair value hierarchy for both periods. The estimated fair value of RAI’s outstanding consolidated debt, in the aggregate, was $14.7 billion and $14.3 billion as of June 30, 2017 and December 31, 2016, respectively. The fair value is derived from a third party pricing source utilizing market quotes, credit spreads and discounted cash flows, as appropriate, and is classified in Level 2 of the fair value hierarchy. Additionally, RAI sponsors a number of non-contributory defined benefit pension plans covering certain employees of RAI and its subsidiaries, and investments in plan assets to fund these obligations are carried at their fair value as of December 31, 2016, and after adjustments for expected returns, cash contributions and benefit payments made in the interim period. |
Recently Adopted Accounting Pronouncements | Recently Adopted Accounting Pronouncements In March 2016, the Financial Accounting Standards Board, referred to as FASB, issued Accounting Standards Update, referred to as ASU, 2016-09, Compensation—Stock Compensation (Topic 718)—Improvements to Employee Share-Based Payment Accounting, |
Recently Issued Accounting Pronouncements | Recently Issued Accounting Pronouncements In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606), • ASU 2016-08, Revenue from Contracts with Customers (Topic 606)—Principal versus Agent Considerations (Reporting Revenue Gross versus Net), • ASU 2016-10, Revenue from Contracts with Customers (Topic 606)—Identifying Performance Obligations and Licensing, • ASU 2016-11, Revenue Recognition (Topic 605) and Derivatives and Hedging (Topic 815)—Rescission of SEC Guidance Because of Accounting Standards Updates 2014-09 and 2014-16 Pursuant to Staff Announcements at the March 3, 2016 Emerging Issues Task Force Meeting; • ASU 2016-12, Revenue from Contracts with Customers (Topic 606)—Narrow-Scope Improvements and Practical Expedients, • ASU 2016-20, Technical Corrections and Improvements to Topic 606, Revenue from Contracts with Customers During 2016, RAI substantially completed its assessment of ASU 2014-09 to identify any potential changes in the amount and timing of revenue recognition for its current contracts and the expected impact on its business processes, systems and controls. may be applied retrospectively to each prior period presented (full retrospective method) or retrospectively with the cumulative effect recognized as of the date of initial application (modified retrospective method). In January 2016, the FASB issued ASU 2016-01, Financial Instruments—Overall (Subtopic 825-10)—Recognition and Measurement of Financial Assets and Liabilities, In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842), Revenue from Contracts with Customers. In June 2016, the FASB issued ASU 2016-13, Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments, In August 2016, the FASB issued ASU 2016-15, Statement of Cash Flows (Topic 230)—Classification of Certain Cash Receipts and Cash Payments (a consensus of the FASB Emerging Issues Task Force), In November 2016, the FASB issued ASU 2016-18, Statement of Cash Flows (Topic 230)—Restricted Cash (a consensus of the FASB Emerging Issues Task Force), In January 2017, the FASB issued ASU 2017-01, Business Combinations (Topic 805)—Clarifying the Definition of a Business, In January 2017, the FASB issued ASU 2017-04, Intangibles—Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment, In March 2017, the FASB issued ASU 2017-07, Compensation—Retirement Benefits (Topic 715)—Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost, In May 2017, the FASB issued ASU 2017-09, Compensation—Stock Compensation (Topic 718) —Scope of Modification Accounting, |
Business and Summary of Signi24
Business and Summary of Significant Accounting Policies (Tables) | 6 Months Ended |
Jun. 30, 2017 | |
Accounting Policies [Abstract] | |
Certain Component Of Cost Of Products Sold | Cost of products sold includes, among other expenses, the expenses for the Master Settlement Agreement, referred to as the MSA, and other settlement agreements with the States of Mississippi, Florida, Texas and Minnesota, which together with the MSA are collectively referred to as the State Settlement Agreements, and the user fees charged by the U.S. Food and Drug Administration, referred to as the FDA. These expenses were as follows: For the Three Months Ended June 30, For the Six Months Ended June 30, 2017 2016 2017 2016 State Settlement Agreements $ 758 $ 719 $ 1,485 $ 1,349 FDA user fees 46 49 93 99 |
Components of Pension Benefits Income and Postretirement Benefits | The components of the net benefit income are set forth below: For the Three Months Ended June 30, For the Six Months Ended June 30, Postretirement Postretirement Pension Benefits Benefits Pension Benefits Benefits 2017 2016 2017 2016 2017 2016 2017 2016 Service cost $ 5 $ 4 $ 1 $ — $ 9 $ 8 $ 1 $ 1 Interest cost 67 74 11 11 134 148 22 24 Expected return on plan assets (97 ) (93 ) (3 ) (2 ) (194 ) (186 ) (5 ) (5 ) Amortization of prior service cost (credit) — — (9 ) (10 ) 1 1 (18 ) (21 ) Net benefit income $ (25 ) $ (15 ) $ — $ (1 ) $ (50 ) $ (29 ) $ — $ (1 ) |
Intangible Assets (Tables)
Intangible Assets (Tables) | 6 Months Ended |
Jun. 30, 2017 | |
Goodwill And Intangible Assets Disclosure [Abstract] | |
Changes in Carrying Amounts of Goodwill by Segment | The changes in the carrying amounts of goodwill by segment were as follows: RJR Tobacco Santa Fe American Snuff All Other Consolidated Balance as of December 31, 2016 Goodwill $ 17,069 $ 197 $ 2,501 $ 16 $ 19,783 Less: accumulated impairment charges (3,763 ) — (28 ) — (3,791 ) $ 13,306 $ 197 $ 2,473 $ 16 $ 15,992 Balance as of June 30, 2017 Goodwill $ 17,069 $ 197 $ 2,501 $ 16 $ 19,783 Less: accumulated impairment charges (3,763 ) — (28 ) — (3,791 ) $ 13,306 $ 197 $ 2,473 $ 16 $ 15,992 |
Carrying Amounts and Changes of Trademarks and Other Intangible Assets by Segment | The carrying amounts and changes therein of trademarks and other intangible assets by segment were as follows: RJR Tobacco Santa Fe American Snuff All Other Consolidated Trademarks Other Trademarks Trademarks Other Trademarks Other Indefinite-lived: Balance as of December 31, 2016 $ 27,826 $ 87 $ 136 $ 1,136 $ — $ 29,098 $ 87 Balance as of June 30, 2017 $ 27,826 $ 87 $ 136 $ 1,136 $ — $ 29,098 $ 87 Finite-lived: Balance as of December 31, 2016 $ 12 $ 229 $ — $ 5 $ 13 $ 17 $ 242 Amortization (3 ) (8 ) — — (1 ) (3 ) (9 ) Balance as of June 30, 2017 $ 9 $ 221 $ — $ 5 $ 12 $ 14 $ 233 |
Details of Finite-Lived Intangible Assets | Details of finite-lived intangible assets were as follows: June 30, 2017 December 31, 2016 Gross Accumulated Amortization Net Gross Accumulated Amortization Net Customer lists $ 240 $ (25 ) $ 215 $ 240 $ (19 ) $ 221 Contract manufacturing agreement 151 (145 ) 6 151 (143 ) 8 Trademarks 124 (110 ) 14 124 (107 ) 17 Other intangibles 15 (3 ) 12 15 (2 ) 13 $ 530 $ (283 ) $ 247 $ 530 $ (271 ) $ 259 |
Finite-Lived Intangible Assets Estimated Future Amortization Expense | The estimated remaining amortization expense associated with finite-lived intangible assets is expected to be as follows: Year Amount Remainder of 2017 $ 11 2018 22 2019 16 2020 15 2021 14 Thereafter 169 $ 247 |
Income Per Share (Tables)
Income Per Share (Tables) | 6 Months Ended |
Jun. 30, 2017 | |
Earnings Per Share [Abstract] | |
Components of Calculation of Income Per Share | The components of the calculation of income per share were as follows: For the Three Months Ended June 30, For the Six Months Ended June 30, 2017 2016 2017 2016 Net income $ 919 $ 796 $ 1,699 $ 4,361 Basic weighted average shares, in thousands 1,426,578 1,427,413 1,426,412 1,427,430 Effect of dilutive potential shares: Restricted stock units 2,138 2,554 2,697 3,088 Diluted weighted average shares, in thousands 1,428,716 1,429,967 1,429,109 1,430,518 |
Inventories (Tables)
Inventories (Tables) | 6 Months Ended |
Jun. 30, 2017 | |
Inventory Disclosure [Abstract] | |
Components of Inventories | The major components of inventories were as follows: June 30, 2017 December 31, 2016 Leaf tobacco $ 1,222 $ 1,436 Other raw materials 99 77 Work in process 72 81 Finished products 175 165 Other 23 25 Total 1,591 1,784 LIFO allowance (143 ) (139 ) $ 1,448 $ 1,645 |
Income Taxes (Tables)
Income Taxes (Tables) | 6 Months Ended |
Jun. 30, 2017 | |
Income Tax Disclosure [Abstract] | |
Provision for Income Taxes | The provision for income taxes was as follows: For the Three Months For the Six Months Ended June 30, Ended June 30, 2017 2016 2017 2016 Provision for income taxes $ 479 $ 470 $ 874 $ 2,624 Effective tax rate 34.3 % 37.1 % 34.0 % 37.6 % |
Commitments and Contingencies (
Commitments and Contingencies (Tables) | 6 Months Ended |
Jun. 30, 2017 | |
Commitments And Contingencies Disclosure [Abstract] | |
U.S. Tobacco-related Cases Pending Against RJR Tobacco or its Affiliates or Indemnities | The following table lists the categories of the U.S. tobacco-related cases pending against Reynolds Defendants as of June 30, 2017, and the increase or decrease from the number of cases pending against Reynolds Defendants as of March 31, 2017, as reported in RAI’s Quarterly Report on Form 10-Q for the fiscal quarter ended March 31, 2017, filed with the U.S. Securities and Exchange Commission, referred to as the SEC, on May 3, 2017, and a cross-reference to the discussion of each case type. Case Type U.S. Case Numbers as of June 30, 2017 Change in Number of Cases Since March 31, 2017 Increase/(Decrease) Individual Smoking and Health Cases 104 (33) West Virginia IPIC (Number of Plaintiffs)* 1 (approx. 564) No change Engle Progeny Cases (Number of Plaintiffs)** 2,694 (approx. 3,492) (83) (78) Broin Cases 2,346 (6) Class-Action Suits 28 1 Filter Cases 73 (5) Health-Care Cost Recovery Cases 2 No change State Settlement Agreements—Enforcement and Validity; Adjustments 2 No change Other Litigation and Developments 22 (2) * Includes as one case the approximately 564 cases pending as a consolidated action In Re: Tobacco Litigation Individual Personal Injury Cases West Virginia IPIC West Virginia IPIC ** The Engle |
Verdicts in Individual Cases that have been Tried and Remain Pending | Plaintiff Case Name RJR Tobacco Allocation of Fault Lorillard Tobacco Allocation of Fault Compensatory Damages (as adjusted) (1) Punitive Damages Appeal Status Starr-Blundell 10% — $ 50,000 $ — First DCA, per curiam Soffer; Monroe 58% — 6,380,000 — First DCA affirmed the final judgment, per curiam Lourie 3% 7% 137,000 — Second DCA affirmed the final judgment; Florida Supreme Court declined to accept jurisdiction based on their decision in Marotta Lewis 25% — 187,500 — Fifth DCA affirmed the final judgment, per curiam Block 50% — 463,000 800,000 Fourth DCA affirmed the final judgment, per curiam Totals $ 7,217,500 $ 800,000 (1) Compensatory damages are adjusted to reflect the reduction that may be required by the allocation of fault. Punitive damages are not adjusted and reflect the amount of the final judgment(s) signed by the trial court judge(s). The amount listed above does not include attorneys’ fees or statutory interest of approximately $3.6 million in Starr-Blundell, Monroe, Lourie, Lewis Block Ward The following chart lists judgments in all other individual Engle Plaintiff Case Name RJR Tobacco Allocation of Fault Lorillard Tobacco Allocation of Fault Compensatory Damages (as adjusted) (1) Punitive Damages Appeal Status Putney 30% — $ — $ 2,500,000 Fourth DCA reinstated the punitive damages awards of $2.5 million each against RJR Tobacco and the remaining defendant; court's opinion that previously granted remittitur of the compensatory damages awards still stands; remanded to trial court for further proceedings Andy Allen 24% — 2,475,000 7,756,000 First DCA affirmed the judgment of the trial court; First DCA granted defendants' motion for rehearing en banc Calloway 27% 18% — — Fourth DCA granted rehearing en banc James Smith 55% — 600,000 (2) 20,000 Pending – Eleventh Circuit Evers 60% 9% 2,950,000 12,360,000 Second DCA reinstated punitive damage award of $12.36 million the trial court had set aside; the verdict was reinstated on remand; a subsequent appeal is pending in the Second DCA; oral argument occurred on February 7, 2017; decision is pending Schoeff 75% — 7,875,000 — Pending – Florida Supreme Court Marotta 58% — 3,480,000 — Florida Supreme Court found that federal law does not preempt the plaintiff's claims; remanded for further proceedings regarding punitive damages; trial has been scheduled for the July 4, 2018 through September 28, 2018 trial calendar Searcy 30% — 500,000 (2) 1,670,000 Pending – Eleventh Circuit Earl Graham 20% — 550,000 — Eleventh Circuit, sitting en banc Grossman 75% — 11,514,000 22,500,000 Fourth DCA ordered award of compensatory damages reduced to reflect comparative fault, but otherwise affirmed; RJR Tobacco's motion for rehearing was denied on March 16, 2017; plaintiff and RJR Tobacco filed notices to invoke the discretionary jurisdiction of the Florida Supreme Court; decision is pending Burkhart 25% 10% 3,500,000 (2) 1,750,000 Pending – Eleventh Circuit Bakst (Odom) 75% — — — Fourth DCA reversed the judgment of the trial court and remanded the case for a new trial on damages only; motion for rehearing was denied on February 27, 2017; the plaintiff filed a notice to invoke the discretionary jurisdiction of the Florida Supreme Court on March 27, 2017; decision is pending Robinson 71% — — — First DCA reversed judgment and remanded case for a new trial and denied rehearing; new trial has not been scheduled; on June 14, 2017, the plaintiff filed a notice to invoke the discretionary jurisdiction of the Florida Supreme Court; decision is pending Harris 15% 10% 1,100,000 (2) — Post-trial motions are pending (3) Irimi 14.5% 14.5% — — Pending – Fourth DCA Kerrivan 31% — 6,046,660 (2) 9,600,000 Post-trial motions are pending (3) Schleider 70% — 14,700,000 — Pending – Third DCA Perrotto 20% 6% 1,063,000 — Plaintiff's motion for a new trial granted as to punitive damages; new trial scheduled for December 1, 2017 Ellen Gray 50% — 3,000,000 — Post-trial motions are pending (3) Sowers 50% — 2,125,000 — Post-trial motions are pending (3) Caprio 20% 10% 167,700 — New trial scheduled for August 9, 2017 Zamboni 30% — 102,000 — Final judgment has not been entered Pollari 42.5% — 4,250,000 1,500,000 Pending – Fourth DCA Gore 23% — 460,000 — Pending – Fourth DCA Ryan 65% — 13,975,000 25,000,000 Pending – Fourth DCA Hardin 13% — 100,880 — Third DCA remanded the case for a new trial on punitive damages for the non-intentional tort claims; new trial is scheduled to begin August 21, 2017 McCoy 25% 20% 670,000 6,000,000 Pending – Fourth DCA Cooper 40% — 1,200,000 — Pending – Fourth DCA Duignan 30% — 2,690,000 (2) 2,500,000 Pending – Second DCA O'Hara 85% — 14,700,000 20,000,000 Pending – First DCA Marchese 22.5% — 225,000 250,000 Pending – Fourth DCA Barbose 42.5% — 5,000,000 (2) 500,000 Pending – Second DCA Ledoux 47% — 5,000,000 (2) 12,500,000 Pending – Third DCA Ewing 2% — 4,800 — Post-trial motions denied; final judgment has not been entered Ahrens 44% — 5,800,000 (2) 2,500,000 Second DCA affirmed the final judgment, per curiam Turner 80% — 2,400,000 10,000,000 Pending – Fourth DCA Enochs 66% — 13,860,000 6,250,000 Pending – Fourth DCA Dion 75% — 12,000,000 (2) 30,000 Pending – Second DCA Nally 75% — 6,000,000 (2) 12,000,000 Pending – Second DCA McCabe 30% — 1,500,000 6,500,000 Pending – Second DCA Sermons 5% — 3,250 17,075 Post-trial motions are pending (3) Mathis 55% — 5,000,000 (2) — Pending – Third DCA Oshinsky-Blacker 25% — — — Pending – Fourth DCA Sherry Smith 65% — 3,000,000 (2) — Pending – Fifth DCA Prentice 40% — 2,560,000 — Pending – First DCA Konzelman 85% — 7,476,000 20,000,000 Pending – Fourth DCA Ledo 49% — 2,940,000 — Post-trial motions are pending (3) Johnston 90% — 6,750,000 14,000,000 Pending – Second DCA Howles 50% — 2,000,000 3,000,000 Pending – Fourth DCA Ford 15% — 153,400 — Pending – Fourth DCA Martin 22% — 1,190,400 200,000 Pending – Fourth DCA Pardue 50% — 3,467,000 (2) 6,750,000 Pending – First DCA John Brown 35% — 2,700,000 (2) 200,000 Post-trial motions are pending (3) Fox 50% — 3,000,000 — Post-trial motions denied; RJR Tobacco filed a notice of appeal to the Fourth DCA on July 24, 2017 Whitmire 67% — 3,000,000 (2) — Pending – First DCA Santoro 26% — 417,000 90,000 Post-trial motions are pending (3) Lima 60% — 1,800,000 12,000,000 Post-trial motions are pending (3) Sheffield 60% — 1,800,000 (2) 5,000,000 Post-trial motions denied and final judgment entered against RJR Tobacco in the amount of $1.8 million in compensatory damages and $5 million in punitive damages; deadline for RJR Tobacco to file a notice of appeal to the Fifth DCA is August 9, 2017 Maloney 50% — 1,650,000 (2) — Post-trial motions are pending (3) Thomas 55% — 2,200,000 — Post-trial motions are pending (3) Totals $ 202,691,090 $ 224,943,075 (1) Unless otherwise noted, compensatory damages in these cases are adjusted to reflect the jury’s allocation of comparative fault. Punitive damages are not so adjusted. The amounts listed above do not include attorneys’ fees or statutory interest that may apply to the judgments and such fees and interest may be material. (2) The court did not apply comparative fault in the final judgment. (3) Should the pending post-trial motions be denied, RJR Tobacco will likely file a notice of appeal with the appropriate appellate court. |
Commitments and Contingencies Related to Settlements | Set forth below is the unadjusted tobacco industry settlement payment schedule (in millions) for 2015 and thereafter: 2015 and thereafter First Four States’ Settlements: (1) Mississippi Annual Payment $ 136 Florida Annual Payment 440 Texas Annual Payment 580 Minnesota Annual Payment 204 Master Settlement Agreement: Annual Payments (1) 8,004 Total $ 9,364 RAI’s operating subsidiaries expenses and payments under the State Settlement Agreements for 2015, 2016 and the projected expenses and payments for 2017 and thereafter (in millions) are set forth below. (1)(2) 2015 2016 2017 2018 and thereafter Settlement expenses $ 2,403 $ 2,727 — — Settlement cash payments $ 2,166 $ 3,042 — — Projected settlement expenses $>3,000 $>3,000 Projected settlement cash payments $>2,700 $>3,000 (1) (2) — |
Disputed Portion of MSA Payment Obligation | The approximate maximum principal amounts of RJR Tobacco’s and Lorillard Tobacco’s shares of the disputed NPM Adjustments for the years 2004 through 2014 (in millions), as currently calculated by the Independent Auditor, and the remaining amounts after the settlements of certain NPM Adjustments claims (see below), are as follows (1) RJR Tobacco Lorillard Tobacco Volume Year Disputed Remaining after settlements Disputed Remaining after settlements 2004 $ 562 $ 200 $ 111 $ 39 2005 445 158 76 27 2006 419 149 73 26 2007 435 157 83 30 2008 468 169 104 38 2009 472 171 107 39 2010 470 170 119 44 2011 422 152 88 32 2012 430 156 97 36 2013 457 165 92 34 2014 433 156 93 34 (1) The amounts shown above do not include the interest or earnings thereon to which RJR Tobacco and Lorillard Tobacco believe they would be entitled under the MSA. |
Shareholders' Equity (Tables)
Shareholders' Equity (Tables) | 6 Months Ended |
Jun. 30, 2017 | |
Equity [Abstract] | |
Shareholders' Equity | Common Stock Paid-In Retained Earnings Accumulated Total Shareholders’ Equity Balance as of December 31, 2016 $ — $ 18,285 $ 3,740 $ (314 ) $ 21,711 Net income — — 1,699 — 1,699 Retirement benefits, net of $5 million tax expense — — — 9 9 Cumulative translation adjustment and other, net of $6 million tax expense — — — 14 14 Dividends - $1.02 per share — — (1,459 ) — (1,459 ) Common stock repurchased — (139 ) — — (139 ) Equity incentive award plan and stock-based compensation — 51 — — 51 Balance as of June 30, 2017 $ — $ 18,197 $ 3,980 $ (291 ) $ 21,886 Common Stock Paid-In Capital Retained Earnings Accumulated Total Shareholders’ Equity Balance as of December 31, 2015 $ — $ 18,402 $ 188 $ (338 ) $ 18,252 Net income — — 4,361 — 4,361 Retirement benefits, net of $21 million tax expense — — — 33 33 Long-term investments, net of $3 million tax expense — — — 3 3 Hedging instruments, net of $6 million tax expense — — — 11 11 Cumulative translation adjustment and other, net of $9 million tax expense — — — 17 17 Dividends - $0.84 per share — — (1,204 ) — (1,204 ) Common stock repurchased — (149 ) — — (149 ) Equity incentive award plan and stock-based compensation — 50 — — 50 Excess tax benefit on stock-based compensation plans — 26 — — 26 Balance as of June 30, 2016 $ — $ 18,329 $ 3,345 $ (274 ) $ 21,400 |
Components of Accumulated Other Comprehensive Loss Net of Tax | The components of accumulated other comprehensive loss, net of tax, for the six months ended June 30, 2017 were as follows: Retirement Benefits Cumulative Translation Adjustment and Other Total Balance as of December 31, 2016 $ (255 ) $ (59 ) $ (314 ) Other comprehensive income before reclassifications 20 14 34 Amounts reclassified from accumulated other comprehensive loss (11 ) — (11 ) Net current-period other comprehensive income 9 14 23 Balance as of June 30, 2017 $ (246 ) $ (45 ) $ (291 ) The components of accumulated other comprehensive loss, net of tax, for the six months ended June 30, 2016, were as follows: Retirement Benefits Long-Term Investments Hedging Instruments Cumulative Translation Adjustment and Other Total Balance as of December 31, 2015 $ (244 ) $ (14 ) $ (11 ) $ (69 ) $ (338 ) Other comprehensive income (losses) before reclassifications 45 5 — (10 ) 40 Amounts reclassified from accumulated other comprehensive loss (12 ) (2 ) 11 27 24 Net current-period other comprehensive income 33 3 11 17 64 Balance as of June 30, 2016 $ (211 ) $ (11 ) $ — $ (52 ) $ (274 ) |
Reclassification Out of Accumulated Other Comprehensive Income Net of Tax | Details about the reclassifications out of accumulated other comprehensive loss and the affected line items in the condensed consolidated statement of income (unaudited) for the three months ended June 30, were as follows: Components Amounts Reclassified Affected Line Item 2017 2016 Retirement benefits: Amortization of prior service credit $ (5 ) $ (5 ) Cost of products sold Amortization of prior service credit (4 ) (5 ) Selling, general and administrative expenses (9 ) (10 ) Operating income Deferred taxes 2 4 Provision for income taxes Net of tax (7 ) (6 ) Net income Total reclassifications $ (7 ) $ (6 ) Net income Details about the reclassifications out of accumulated other comprehensive loss and the affected line items in the condensed consolidated statement of income (unaudited) for the six months ended June 30, were as follows: Components Amounts Reclassified Affected Line Item 2017 2016 Defined benefit pension and postretirement plans: Amortization of prior service credit $ (9 ) $ (10 ) Cost of products sold Amortization of prior service credit (8 ) (10 ) Selling, general and administrative expenses (17 ) (20 ) Operating income Deferred taxes 6 8 Provision for income taxes Net of tax (11 ) (12 ) Net income Long-term investments: Realized gain on long-term investments — (3 ) Other expense (income), net Deferred taxes — 1 Provision for income taxes Net of tax — (2 ) Net income Hedging instruments: Forward starting interest rate contracts — 16 Other expense (income), net Amortization of realized loss — 1 Interest and debt expense — 17 Income before income taxes Deferred taxes — (6 ) Provision for income taxes Net of tax — 11 Net income Cumulative translation adjustment and other: Derecognition of cumulative translation adjustment — 27 Gain on divestiture Total reclassifications $ (11 ) $ 24 Net income |
Segment Information (Tables)
Segment Information (Tables) | 6 Months Ended |
Jun. 30, 2017 | |
Segment Reporting [Abstract] | |
Segment Information Related to Sales, Income, and Assets | Segment Data: For the Three Months Ended June 30, For the Six Months Ended June 30, 2017 2016 2017 2016 Net sales: RJR Tobacco $ 2,675 $ 2,646 $ 5,046 $ 5,057 Santa Fe 278 247 516 465 American Snuff 261 232 503 448 All Other 104 70 202 142 Consolidated net sales $ 3,318 $ 3,195 $ 6,267 $ 6,112 Operating income (loss): RJR Tobacco $ 1,291 $ 1,216 $ 2,374 $ 2,323 Santa Fe 169 133 313 256 American Snuff 169 138 326 271 All Other (21 ) (43 ) (48 ) (77 ) Gain on divestiture — — — 4,861 Corporate expense (52 ) (29 ) (83 ) (77 ) Consolidated operating income $ 1,556 $ 1,415 $ 2,882 $ 7,557 Reconciliation to income before income taxes: Consolidated operating income $ 1,556 $ 1,415 $ 2,882 $ 7,557 Interest and debt expense 150 152 299 326 Interest income (3 ) (2 ) (5 ) (5 ) Other expense (income), net 11 (1 ) 15 251 Income before income taxes $ 1,398 $ 1,266 $ 2,573 $ 6,985 |
Related Party Transactions (Tab
Related Party Transactions (Tables) | 6 Months Ended |
Jun. 30, 2017 | |
Related Party Transactions [Abstract] | |
Summary of Balances and Transactions | A summary of balances and transactions with such BAT affiliates is as follows: June 30, 2017 December 31, 2016 Current Balances: Accounts receivable, related party $ 1 $ 113 Due to related party — 7 Deferred revenue, related party 106 66 Long-term Balances: Long-term deferred revenue, related party $ 19 $ 39 For the Three Months Ended June 30, For the Six Months Ended June 30, Significant transactions: 2017 2016 2017 2016 Net sales $ 28 $ 54 $ 66 $ 109 Purchases 1 6 2 8 |
RAI Guaranteed, Unsecured Not33
RAI Guaranteed, Unsecured Notes - Condensed Consolidating Financial Statements (Tables) | 6 Months Ended |
Jun. 30, 2017 | |
Guarantees [Abstract] | |
Condensed Consolidating Statements of Income | Condensed Consolidating Statements of Income (Dollars in Millions) Parent Issuer Guarantors Non- Guarantors Eliminations Consolidated For the Three Months Ended June 30, 2017 Net sales $ — $ 3,261 $ 54 $ (25 ) $ 3,290 Net sales, related party — 28 — — 28 Net sales — 3,289 54 (25 ) 3,318 Cost of products sold — 1,252 53 (27 ) 1,278 Selling, general and administrative expenses 12 445 21 — 478 Amortization expense — 6 — — 6 Operating income (loss) (12 ) 1,586 (20 ) 2 1,556 Interest and debt expense 148 13 4 (15 ) 150 Interest income (15 ) (2 ) (1 ) 15 (3 ) Other expense (income), net 1 (11 ) 9 12 11 Income (loss) before income taxes (146 ) 1,586 (32 ) (10 ) 1,398 Provision for (benefit from) income taxes (50 ) 533 (4 ) — 479 Equity income from subsidiaries 1,015 (8 ) — (1,007 ) — Net income (loss) $ 919 $ 1,045 $ (28 ) $ (1,017 ) $ 919 For the Three Months Ended June 30, 2016 Net sales $ — $ 3,122 $ 48 $ (29 ) $ 3,141 Net sales, related party — 54 — — 54 Net sales — 3,176 48 (29 ) 3,195 Cost of products sold — 1,254 52 (31 ) 1,275 Selling, general and administrative expenses 6 457 34 2 499 Amortization expense — 6 — — 6 Operating income (loss) (6 ) 1,459 (38 ) — 1,415 Interest and debt expense 149 22 2 (21 ) 152 Interest income (21 ) (2 ) — 21 (2 ) Other expense (income), net — (9 ) (3 ) 11 (1 ) Income (loss) before income taxes (134 ) 1,448 (37 ) (11 ) 1,266 Provision for (benefit from) income taxes (48 ) 532 (14 ) — 470 Equity income from subsidiaries 882 2 — (884 ) — Net income (loss) $ 796 $ 918 $ (23 ) $ (895 ) $ 796 Condensed Consolidating Statements of Income (Dollars in Millions) Parent Issuer Guarantors Non- Guarantors Eliminations Consolidated For the Six Months Ended June 30, 2017 Net sales $ — $ 6,164 $ 102 $ (65 ) $ 6,201 Net sales, related party — 66 — — 66 Net sales — 6,230 102 (65 ) 6,267 Cost of products sold — 2,446 96 (65 ) 2,477 Selling, general and administrative expenses 27 819 50 — 896 Amortization expense — 11 1 — 12 Operating income (loss) (27 ) 2,954 (45 ) — 2,882 Interest and debt expense 295 31 8 (35 ) 299 Interest income (35 ) (4 ) (1 ) 35 (5 ) Other expense (income), net 2 (21 ) 12 22 15 Income (loss) before income taxes (289 ) 2,948 (64 ) (22 ) 2,573 Provision for (benefit from) income taxes (125 ) 1,013 (14 ) — 874 Equity income from subsidiaries 1,863 (13 ) — (1,850 ) — Net income (loss) $ 1,699 $ 1,922 $ (50 ) $ (1,872 ) $ 1,699 For the Six Months Ended June 30, 2016 Net sales $ — $ 5,961 $ 97 $ (55 ) $ 6,003 Net sales, related party — 109 — — 109 Net sales — 6,070 97 (55 ) 6,112 Cost of products sold — 2,403 95 (58 ) 2,440 Selling, general and administrative expenses 22 858 82 2 964 Gain on divestiture — (4,843 ) (16 ) (2 ) (4,861 ) Amortization expense — 12 — — 12 Operating income (loss) (22 ) 7,640 (64 ) 3 7,557 Interest and debt expense 323 45 4 (46 ) 326 Interest income (47 ) (4 ) — 46 (5 ) Other expense (income), net 240 (15 ) 4 22 251 Income (loss) before income taxes (538 ) 7,614 (72 ) (19 ) 6,985 Provision for (benefit from) income taxes (190 ) 2,840 (26 ) — 2,624 Equity income from subsidiaries 4,709 2 — (4,711 ) — Net income (loss) $ 4,361 $ 4,776 $ (46 ) $ (4,730 ) $ 4,361 |
Condensed Consolidating Statements of Comprehensive Income | Condensed Consolidating Statements of Comprehensive Income (Dollars in Millions) Parent Issuer Guarantors Non- Guarantors Eliminations Consolidated For the Three Months Ended June 30, 2017 Net income (loss) $ 919 $ 1,045 $ (28 ) $ (1,017 ) $ 919 Other comprehensive income (loss), net of tax: Retirement benefits 13 29 (15 ) (14 ) 13 Cumulative translation adjustment and other 11 12 16 (28 ) 11 Comprehensive income (loss) $ 943 $ 1,086 $ (27 ) $ (1,059 ) $ 943 For the Three Months Ended June 30, 2016 Net income (loss) $ 796 $ 918 $ (23 ) $ (895 ) $ 796 Other comprehensive income (loss), net of tax: Retirement benefits 39 40 (1 ) (39 ) 39 Long-term investments 4 4 — (4 ) 4 Cumulative translation adjustment and other (5 ) (5 ) (7 ) 12 (5 ) Comprehensive income (loss) $ 834 $ 957 $ (31 ) $ (926 ) $ 834 For the Six Months Ended June 30, 2017 Net income (loss) $ 1,699 $ 1,922 $ (50 ) $ (1,872 ) $ 1,699 Other comprehensive income (loss), net of tax: Retirement benefits 9 26 (14 ) (12 ) 9 Cumulative translation adjustment and other 14 15 20 (35 ) 14 Comprehensive income (loss) $ 1,722 $ 1,963 $ (44 ) $ (1,919 ) $ 1,722 For the Six Months Ended June 30, 2016 Net income (loss) $ 4,361 $ 4,776 $ (46 ) $ (4,730 ) $ 4,361 Other comprehensive income (loss), net of tax: Retirement benefits 33 34 (1 ) (33 ) 33 Long-term investments 3 3 — (3 ) 3 Hedging instruments 11 — — — 11 Cumulative translation adjustment and other 17 17 26 (43 ) 17 Comprehensive income (loss) $ 4,425 $ 4,830 $ (21 ) $ (4,809 ) $ 4,425 |
Reclassification Out of Accumulated Other Comprehensive Income Net of Tax | Details about the reclassifications out of accumulated other comprehensive loss and the affected line items in the condensed consolidating statements of income (unaudited) for the three months ended June 30, 2017, were as follows: Components Amounts Reclassified Affected Line Item Parent Issuer Guarantors Non-Guarantors Eliminations Consolidated Defined benefit pension and postretirement plans: Amortization of prior service credit $ — $ (5 ) $ — $ — $ (5 ) Cost of products sold Amortization of prior service credit — (4 ) — — (4 ) Selling, general and administrative expenses — (9 ) — — (9 ) Operating income (loss) Deferred taxes — 2 — — 2 Provision for (benefit from) income taxes Net of tax — (7 ) — — (7 ) Net income (loss) Equity income from subsidiaries (7 ) — — 7 — Equity income from subsidiaries Total reclassifications $ (7 ) $ (7 ) $ — $ 7 $ (7 ) Net income (loss) Details about the reclassifications out of accumulated other comprehensive loss and the affected line items in the condensed consolidating statements of income (unaudited) for the three months ended June 30, 2016, were as follows: Components Amounts Reclassified Affected Line Item Parent Issuer Guarantors Non-Guarantors Eliminations Consolidated Defined benefit pension and postretirement plans: Amortization of prior service credit $ — $ (5 ) $ — $ — $ (5 ) Cost of products sold Amortization of prior service credit — (5 ) — — (5 ) Selling, general and administrative expenses — (10 ) — — (10 ) Operating income (loss) Deferred taxes — 4 — — 4 Provision for (benefit from) income taxes Net of tax — (6 ) — — (6 ) Net income (loss) Equity income from subsidiaries (6 ) — — 6 — Equity income from subsidiaries Total reclassifications $ (6 ) $ (6 ) $ — $ 6 $ (6 ) Net income (loss) Details about the reclassifications out of accumulated other comprehensive loss and the affected line items in the condensed consolidating statements of income (unaudited) for the six months ended June 30, 2017, were as follows: Components Amounts Reclassified Affected Line Item Parent Issuer Guarantors Non-Guarantors Eliminations Consolidated Defined benefit pension and postretirement plans: Amortization of prior service credit $ — $ (9 ) $ — $ — $ (9 ) Cost of products sold Amortization of prior service credit — (8 ) — — (8 ) Selling, general and administrative expenses — (17 ) — — (17 ) Operating income (loss) Deferred taxes — 6 — — 6 Provision for (benefit from) income taxes Net of tax — (11 ) — — (11 ) Net income (loss) Equity income from subsidiaries (11 ) — — 11 — Equity income from subsidiaries Total reclassifications $ (11 ) $ (11 ) $ — $ 11 $ (11 ) Net income (loss) Details about the reclassifications out of accumulated other comprehensive loss and the affected line items in the condensed consolidating statements of income (unaudited) for the six months ended June 30, 2016, were as follows: Components Amounts Reclassified Affected Line Item Parent Issuer Guarantors Non-Guarantors Eliminations Consolidated Defined benefit pension and postretirement plans: Amortization of prior service credit $ — $ (10 ) $ — $ — $ (10 ) Cost of products sold Amortization of prior service credit — (10 ) — — (10 ) Selling, general and administrative expenses — (20 ) — — (20 ) Operating income (loss) Deferred taxes — 8 — — 8 Provision for (benefit from) income taxes Net of tax — (12 ) — — (12 ) Net income (loss) Long-term investments: Realized gain on long-term investments — (3 ) — — (3 ) Other expense (income), net Deferred taxes — 1 — — 1 Provision for (benefit from) income taxes Net of tax — (2 ) — — (2 ) Net income (loss) Hedging instruments: Forward starting interest rate contracts 16 — — — 16 Other expense (income), net Amortization of realized loss 1 — — — 1 Interest and debt expense 17 — — — 17 Income (loss) before income taxes Deferred taxes (6 ) — — — (6 ) Provision for (benefit from) income taxes Net of tax 11 — — — 11 Net income (loss) Cumulative translation adjustment and other: Derecognition of cumulative translation adjustment — — 27 — 27 Gain on divestiture Equity income from subsidiaries 13 27 — (40 ) — Equity income from subsidiaries Total reclassifications $ 24 $ 13 $ 27 $ (40 ) $ 24 Net income (loss) |
Condensed Consolidating Statements of Cash Flows | Condensed Consolidating Statements of Cash Flows (Dollars in Millions) Parent Issuer Guarantors Non- Guarantors Eliminations Consolidated For the Six Months Ended June 30, 2017 Cash flows from (used in) operating activities $ 1,714 $ 606 $ (37 ) $ (1,006 ) $ 1,277 Cash flows from (used in) investing activities: Capital expenditures — (65 ) (1 ) — (66 ) Return of intercompany investments 145 — — (145 ) — Other, net 205 12 — (216 ) 1 Net cash flows from (used in) investing activities 350 (53 ) (1 ) (361 ) (65 ) Cash flows from (used in) financing activities: Dividends paid on common stock (1,384 ) (985 ) — 985 (1,384 ) Repurchase of common stock (139 ) — — — (139 ) Borrowings under revolving credit facility 500 — — — 500 Repayments of borrowings under revolving credit facility (500 ) — — — (500 ) Dividends paid on preferred stock (21 ) — — 21 — Distribution of equity — (145 ) — 145 — Other, net (11 ) (250 ) 45 216 — Net cash flows from (used in) financing activities (1,555 ) (1,380 ) 45 1,367 (1,523 ) Effect of exchange rate changes on cash and cash equivalents — — 18 — 18 Net change in cash and cash equivalents 509 (827 ) 25 — (293 ) Cash and cash equivalents at beginning of period 726 997 328 — 2,051 Cash and cash equivalents at end of period $ 1,235 $ 170 $ 353 $ — $ 1,758 Condensed Consolidating Statements of Cash Flows (Dollars in Millions) Parent Issuer Guarantors Non- Guarantors Eliminations Consolidated For the Six Months Ended June 30, 2016 Cash flows from (used in) operating activities $ (1,012 ) $ 603 $ (23 ) $ (293 ) $ (725 ) Cash flows from (used in) investing activities: Capital expenditures — (89 ) (5 ) — (94 ) Proceeds from settlement of investments — 182 — — 182 Proceeds from divestiture 5,015 — — — 5,015 Return of intercompany investments 412 26 — (438 ) — Other, net 260 11 — (271 ) — Net cash flows from (used in) investing activities 5,687 130 (5 ) (709 ) 5,103 Cash flows from (used in) financing activities: Dividends paid on common stock (1,113 ) (247 ) (25 ) 272 (1,113 ) Repurchase of common stock (149 ) — — — (149 ) Early extinguishment of debt (3,642 ) (8 ) — — (3,650 ) Premiums paid for early extinguishment of debt (206 ) (1 ) — — (207 ) Proceeds from termination of interest rate swaps — 66 — — 66 Debt financing fees (7 ) — — — (7 ) Excess tax benefit on stock-based compensation plans 26 — — — 26 Dividends paid on preferred stock (21 ) — — 21 — Distribution of equity — (412 ) (26 ) 438 — Other, net (11 ) (260 ) — 271 — Net cash flows used in financing activities (5,123 ) (862 ) (51 ) 1,002 (5,034 ) Effect of exchange rate changes on cash and cash equivalents — — 7 — 7 Net change in cash and cash equivalents (448 ) (129 ) (72 ) — (649 ) Cash and cash equivalents at beginning of period 575 1,544 448 — 2,567 Cash and cash equivalents at end of period $ 127 $ 1,415 $ 376 $ — $ 1,918 |
Condensed Consolidating Balance Sheets | Condensed Consolidating Balance Sheets (Dollars in Millions) Parent Issuer Guarantors Non- Guarantors Eliminations Consolidated June 30, 2017 Assets Cash and cash equivalents $ 1,235 $ 170 $ 353 $ — $ 1,758 Accounts receivable — 118 5 — 123 Accounts receivable, related party — 1 — — 1 Other receivables 60 1,128 88 (1,265 ) 11 Inventories — 1,400 50 (2 ) 1,448 Other current assets 13 287 4 (9 ) 295 Total current assets 1,308 3,104 500 (1,276 ) 3,636 Property, plant and equipment, net of accumulated depreciation 2 1,303 33 — 1,338 Trademarks and other intangible assets, net of accumulated amortization — 29,420 14 (2 ) 29,432 Goodwill — 15,976 16 — 15,992 Long-term intercompany notes receivable 1,184 138 — (1,322 ) — Investment in subsidiaries 34,501 339 — (34,840 ) — Other assets and deferred charges 70 44 64 (113 ) 65 Total assets $ 37,065 $ 50,324 $ 627 $ (37,553 ) $ 50,463 Liabilities and shareholders’ equity Accounts payable $ 2 $ 182 $ 9 $ — $ 193 Tobacco settlement accruals — 1,833 — — 1,833 Due to related party — — — — — Deferred revenue, related party — 106 — — 106 Current maturities of long-term debt 1,695 53 — — 1,748 Dividends payable on common stock 727 — — — 727 Other current liabilities 1,378 756 78 (1,277 ) 935 Total current liabilities 3,802 2,930 87 (1,277 ) 5,542 Long-term intercompany notes payable 138 650 534 (1,322 ) — Long-term debt (less current maturities) 11,134 256 — — 11,390 Long-term deferred income taxes, net — 9,725 — (111 ) 9,614 Long-term retirement benefits (less current portion) 58 1,587 123 — 1,768 Long-term deferred revenue, related party — 19 — — 19 Other noncurrent liabilities 47 194 3 — 244 Shareholders' equity (deficit) 21,886 34,963 (120 ) (34,843 ) 21,886 Total liabilities and shareholders’ equity $ 37,065 $ 50,324 $ 627 $ (37,553 ) $ 50,463 Condensed Consolidating Balance Sheets (Dollars in Millions) Parent Issuer Guarantors Non- Guarantors Eliminations Consolidated December 31, 2016 Assets Cash and cash equivalents $ 726 $ 997 $ 328 $ — $ 2,051 Accounts receivable — 62 4 — 66 Accounts receivable, related party — 113 — — 113 Other receivables 63 3,572 17 (3,642 ) 10 Inventories — 1,604 43 (2 ) 1,645 Other current assets 112 238 — 3 353 Total current assets 901 6,586 392 (3,641 ) 4,238 Property, plant and equipment, net of accumulated depreciation 2 1,314 32 — 1,348 Trademarks and other intangible assets, net of accumulated amortization — 29,432 14 (2 ) 29,444 Goodwill — 15,976 16 — 15,992 Long-term intercompany notes receivable 1,390 148 — (1,538 ) — Investment in subsidiaries 36,865 333 — (37,198 ) — Other assets and deferred charges 80 52 37 (96 ) 73 Total assets $ 39,238 $ 53,841 $ 491 $ (42,475 ) $ 51,095 Liabilities and shareholders’ equity Accounts payable $ 1 $ 213 $ 7 $ — $ 221 Tobacco settlement accruals — 2,498 — — 2,498 Due to related party — 7 — — 7 Deferred revenue, related party — 66 — — 66 Current maturities of long-term debt 448 53 — — 501 Dividends payable on common stock 656 — — — 656 Other current liabilities 3,767 871 40 (3,642 ) 1,036 Total current liabilities 4,872 3,708 47 (3,642 ) 4,985 Long-term intercompany notes payable 148 900 490 (1,538 ) — Long-term debt (less current maturities) 12,404 260 — — 12,664 Long-term deferred income taxes, net — 9,700 — (93 ) 9,607 Long-term retirement benefits (less current portion) 59 1,767 43 — 1,869 Long-term deferred revenue, related party — 39 — — 39 Other noncurrent liabilities 44 176 — — 220 Shareholders' equity (deficit) 21,711 37,291 (89 ) (37,202 ) 21,711 Total liabilities and shareholders’ equity $ 39,238 $ 53,841 $ 491 $ (42,475 ) $ 51,095 |
RJR Tobacco Guaranteed, Unsec34
RJR Tobacco Guaranteed, Unsecured Notes - Condensed Consolidating Financial Statements (Tables) | 6 Months Ended |
Jun. 30, 2017 | |
Condensed Consolidating Statements of Income | Condensed Consolidating Statements of Income (Dollars in Millions) Parent Issuer Guarantors Non- Guarantors Eliminations Consolidated For the Three Months Ended June 30, 2017 Net sales $ — $ 3,261 $ 54 $ (25 ) $ 3,290 Net sales, related party — 28 — — 28 Net sales — 3,289 54 (25 ) 3,318 Cost of products sold — 1,252 53 (27 ) 1,278 Selling, general and administrative expenses 12 445 21 — 478 Amortization expense — 6 — — 6 Operating income (loss) (12 ) 1,586 (20 ) 2 1,556 Interest and debt expense 148 13 4 (15 ) 150 Interest income (15 ) (2 ) (1 ) 15 (3 ) Other expense (income), net 1 (11 ) 9 12 11 Income (loss) before income taxes (146 ) 1,586 (32 ) (10 ) 1,398 Provision for (benefit from) income taxes (50 ) 533 (4 ) — 479 Equity income from subsidiaries 1,015 (8 ) — (1,007 ) — Net income (loss) $ 919 $ 1,045 $ (28 ) $ (1,017 ) $ 919 For the Three Months Ended June 30, 2016 Net sales $ — $ 3,122 $ 48 $ (29 ) $ 3,141 Net sales, related party — 54 — — 54 Net sales — 3,176 48 (29 ) 3,195 Cost of products sold — 1,254 52 (31 ) 1,275 Selling, general and administrative expenses 6 457 34 2 499 Amortization expense — 6 — — 6 Operating income (loss) (6 ) 1,459 (38 ) — 1,415 Interest and debt expense 149 22 2 (21 ) 152 Interest income (21 ) (2 ) — 21 (2 ) Other expense (income), net — (9 ) (3 ) 11 (1 ) Income (loss) before income taxes (134 ) 1,448 (37 ) (11 ) 1,266 Provision for (benefit from) income taxes (48 ) 532 (14 ) — 470 Equity income from subsidiaries 882 2 — (884 ) — Net income (loss) $ 796 $ 918 $ (23 ) $ (895 ) $ 796 Condensed Consolidating Statements of Income (Dollars in Millions) Parent Issuer Guarantors Non- Guarantors Eliminations Consolidated For the Six Months Ended June 30, 2017 Net sales $ — $ 6,164 $ 102 $ (65 ) $ 6,201 Net sales, related party — 66 — — 66 Net sales — 6,230 102 (65 ) 6,267 Cost of products sold — 2,446 96 (65 ) 2,477 Selling, general and administrative expenses 27 819 50 — 896 Amortization expense — 11 1 — 12 Operating income (loss) (27 ) 2,954 (45 ) — 2,882 Interest and debt expense 295 31 8 (35 ) 299 Interest income (35 ) (4 ) (1 ) 35 (5 ) Other expense (income), net 2 (21 ) 12 22 15 Income (loss) before income taxes (289 ) 2,948 (64 ) (22 ) 2,573 Provision for (benefit from) income taxes (125 ) 1,013 (14 ) — 874 Equity income from subsidiaries 1,863 (13 ) — (1,850 ) — Net income (loss) $ 1,699 $ 1,922 $ (50 ) $ (1,872 ) $ 1,699 For the Six Months Ended June 30, 2016 Net sales $ — $ 5,961 $ 97 $ (55 ) $ 6,003 Net sales, related party — 109 — — 109 Net sales — 6,070 97 (55 ) 6,112 Cost of products sold — 2,403 95 (58 ) 2,440 Selling, general and administrative expenses 22 858 82 2 964 Gain on divestiture — (4,843 ) (16 ) (2 ) (4,861 ) Amortization expense — 12 — — 12 Operating income (loss) (22 ) 7,640 (64 ) 3 7,557 Interest and debt expense 323 45 4 (46 ) 326 Interest income (47 ) (4 ) — 46 (5 ) Other expense (income), net 240 (15 ) 4 22 251 Income (loss) before income taxes (538 ) 7,614 (72 ) (19 ) 6,985 Provision for (benefit from) income taxes (190 ) 2,840 (26 ) — 2,624 Equity income from subsidiaries 4,709 2 — (4,711 ) — Net income (loss) $ 4,361 $ 4,776 $ (46 ) $ (4,730 ) $ 4,361 |
Condensed Consolidating Statements of Comprehensive Income | Condensed Consolidating Statements of Comprehensive Income (Dollars in Millions) Parent Issuer Guarantors Non- Guarantors Eliminations Consolidated For the Three Months Ended June 30, 2017 Net income (loss) $ 919 $ 1,045 $ (28 ) $ (1,017 ) $ 919 Other comprehensive income (loss), net of tax: Retirement benefits 13 29 (15 ) (14 ) 13 Cumulative translation adjustment and other 11 12 16 (28 ) 11 Comprehensive income (loss) $ 943 $ 1,086 $ (27 ) $ (1,059 ) $ 943 For the Three Months Ended June 30, 2016 Net income (loss) $ 796 $ 918 $ (23 ) $ (895 ) $ 796 Other comprehensive income (loss), net of tax: Retirement benefits 39 40 (1 ) (39 ) 39 Long-term investments 4 4 — (4 ) 4 Cumulative translation adjustment and other (5 ) (5 ) (7 ) 12 (5 ) Comprehensive income (loss) $ 834 $ 957 $ (31 ) $ (926 ) $ 834 For the Six Months Ended June 30, 2017 Net income (loss) $ 1,699 $ 1,922 $ (50 ) $ (1,872 ) $ 1,699 Other comprehensive income (loss), net of tax: Retirement benefits 9 26 (14 ) (12 ) 9 Cumulative translation adjustment and other 14 15 20 (35 ) 14 Comprehensive income (loss) $ 1,722 $ 1,963 $ (44 ) $ (1,919 ) $ 1,722 For the Six Months Ended June 30, 2016 Net income (loss) $ 4,361 $ 4,776 $ (46 ) $ (4,730 ) $ 4,361 Other comprehensive income (loss), net of tax: Retirement benefits 33 34 (1 ) (33 ) 33 Long-term investments 3 3 — (3 ) 3 Hedging instruments 11 — — — 11 Cumulative translation adjustment and other 17 17 26 (43 ) 17 Comprehensive income (loss) $ 4,425 $ 4,830 $ (21 ) $ (4,809 ) $ 4,425 |
Reclassification Out of Accumulated Other Comprehensive Income Net of Tax | Details about the reclassifications out of accumulated other comprehensive loss and the affected line items in the condensed consolidating statements of income (unaudited) for the three months ended June 30, 2017, were as follows: Components Amounts Reclassified Affected Line Item Parent Issuer Guarantors Non-Guarantors Eliminations Consolidated Defined benefit pension and postretirement plans: Amortization of prior service credit $ — $ (5 ) $ — $ — $ (5 ) Cost of products sold Amortization of prior service credit — (4 ) — — (4 ) Selling, general and administrative expenses — (9 ) — — (9 ) Operating income (loss) Deferred taxes — 2 — — 2 Provision for (benefit from) income taxes Net of tax — (7 ) — — (7 ) Net income (loss) Equity income from subsidiaries (7 ) — — 7 — Equity income from subsidiaries Total reclassifications $ (7 ) $ (7 ) $ — $ 7 $ (7 ) Net income (loss) Details about the reclassifications out of accumulated other comprehensive loss and the affected line items in the condensed consolidating statements of income (unaudited) for the three months ended June 30, 2016, were as follows: Components Amounts Reclassified Affected Line Item Parent Issuer Guarantors Non-Guarantors Eliminations Consolidated Defined benefit pension and postretirement plans: Amortization of prior service credit $ — $ (5 ) $ — $ — $ (5 ) Cost of products sold Amortization of prior service credit — (5 ) — — (5 ) Selling, general and administrative expenses — (10 ) — — (10 ) Operating income (loss) Deferred taxes — 4 — — 4 Provision for (benefit from) income taxes Net of tax — (6 ) — — (6 ) Net income (loss) Equity income from subsidiaries (6 ) — — 6 — Equity income from subsidiaries Total reclassifications $ (6 ) $ (6 ) $ — $ 6 $ (6 ) Net income (loss) Details about the reclassifications out of accumulated other comprehensive loss and the affected line items in the condensed consolidating statements of income (unaudited) for the six months ended June 30, 2017, were as follows: Components Amounts Reclassified Affected Line Item Parent Issuer Guarantors Non-Guarantors Eliminations Consolidated Defined benefit pension and postretirement plans: Amortization of prior service credit $ — $ (9 ) $ — $ — $ (9 ) Cost of products sold Amortization of prior service credit — (8 ) — — (8 ) Selling, general and administrative expenses — (17 ) — — (17 ) Operating income (loss) Deferred taxes — 6 — — 6 Provision for (benefit from) income taxes Net of tax — (11 ) — — (11 ) Net income (loss) Equity income from subsidiaries (11 ) — — 11 — Equity income from subsidiaries Total reclassifications $ (11 ) $ (11 ) $ — $ 11 $ (11 ) Net income (loss) Details about the reclassifications out of accumulated other comprehensive loss and the affected line items in the condensed consolidating statements of income (unaudited) for the six months ended June 30, 2016, were as follows: Components Amounts Reclassified Affected Line Item Parent Issuer Guarantors Non-Guarantors Eliminations Consolidated Defined benefit pension and postretirement plans: Amortization of prior service credit $ — $ (10 ) $ — $ — $ (10 ) Cost of products sold Amortization of prior service credit — (10 ) — — (10 ) Selling, general and administrative expenses — (20 ) — — (20 ) Operating income (loss) Deferred taxes — 8 — — 8 Provision for (benefit from) income taxes Net of tax — (12 ) — — (12 ) Net income (loss) Long-term investments: Realized gain on long-term investments — (3 ) — — (3 ) Other expense (income), net Deferred taxes — 1 — — 1 Provision for (benefit from) income taxes Net of tax — (2 ) — — (2 ) Net income (loss) Hedging instruments: Forward starting interest rate contracts 16 — — — 16 Other expense (income), net Amortization of realized loss 1 — — — 1 Interest and debt expense 17 — — — 17 Income (loss) before income taxes Deferred taxes (6 ) — — — (6 ) Provision for (benefit from) income taxes Net of tax 11 — — — 11 Net income (loss) Cumulative translation adjustment and other: Derecognition of cumulative translation adjustment — — 27 — 27 Gain on divestiture Equity income from subsidiaries 13 27 — (40 ) — Equity income from subsidiaries Total reclassifications $ 24 $ 13 $ 27 $ (40 ) $ 24 Net income (loss) |
Condensed Consolidating Statements of Cash Flows | Condensed Consolidating Statements of Cash Flows (Dollars in Millions) Parent Issuer Guarantors Non- Guarantors Eliminations Consolidated For the Six Months Ended June 30, 2017 Cash flows from (used in) operating activities $ 1,714 $ 606 $ (37 ) $ (1,006 ) $ 1,277 Cash flows from (used in) investing activities: Capital expenditures — (65 ) (1 ) — (66 ) Return of intercompany investments 145 — — (145 ) — Other, net 205 12 — (216 ) 1 Net cash flows from (used in) investing activities 350 (53 ) (1 ) (361 ) (65 ) Cash flows from (used in) financing activities: Dividends paid on common stock (1,384 ) (985 ) — 985 (1,384 ) Repurchase of common stock (139 ) — — — (139 ) Borrowings under revolving credit facility 500 — — — 500 Repayments of borrowings under revolving credit facility (500 ) — — — (500 ) Dividends paid on preferred stock (21 ) — — 21 — Distribution of equity — (145 ) — 145 — Other, net (11 ) (250 ) 45 216 — Net cash flows from (used in) financing activities (1,555 ) (1,380 ) 45 1,367 (1,523 ) Effect of exchange rate changes on cash and cash equivalents — — 18 — 18 Net change in cash and cash equivalents 509 (827 ) 25 — (293 ) Cash and cash equivalents at beginning of period 726 997 328 — 2,051 Cash and cash equivalents at end of period $ 1,235 $ 170 $ 353 $ — $ 1,758 Condensed Consolidating Statements of Cash Flows (Dollars in Millions) Parent Issuer Guarantors Non- Guarantors Eliminations Consolidated For the Six Months Ended June 30, 2016 Cash flows from (used in) operating activities $ (1,012 ) $ 603 $ (23 ) $ (293 ) $ (725 ) Cash flows from (used in) investing activities: Capital expenditures — (89 ) (5 ) — (94 ) Proceeds from settlement of investments — 182 — — 182 Proceeds from divestiture 5,015 — — — 5,015 Return of intercompany investments 412 26 — (438 ) — Other, net 260 11 — (271 ) — Net cash flows from (used in) investing activities 5,687 130 (5 ) (709 ) 5,103 Cash flows from (used in) financing activities: Dividends paid on common stock (1,113 ) (247 ) (25 ) 272 (1,113 ) Repurchase of common stock (149 ) — — — (149 ) Early extinguishment of debt (3,642 ) (8 ) — — (3,650 ) Premiums paid for early extinguishment of debt (206 ) (1 ) — — (207 ) Proceeds from termination of interest rate swaps — 66 — — 66 Debt financing fees (7 ) — — — (7 ) Excess tax benefit on stock-based compensation plans 26 — — — 26 Dividends paid on preferred stock (21 ) — — 21 — Distribution of equity — (412 ) (26 ) 438 — Other, net (11 ) (260 ) — 271 — Net cash flows used in financing activities (5,123 ) (862 ) (51 ) 1,002 (5,034 ) Effect of exchange rate changes on cash and cash equivalents — — 7 — 7 Net change in cash and cash equivalents (448 ) (129 ) (72 ) — (649 ) Cash and cash equivalents at beginning of period 575 1,544 448 — 2,567 Cash and cash equivalents at end of period $ 127 $ 1,415 $ 376 $ — $ 1,918 |
Condensed Consolidating Balance Sheets | Condensed Consolidating Balance Sheets (Dollars in Millions) Parent Issuer Guarantors Non- Guarantors Eliminations Consolidated June 30, 2017 Assets Cash and cash equivalents $ 1,235 $ 170 $ 353 $ — $ 1,758 Accounts receivable — 118 5 — 123 Accounts receivable, related party — 1 — — 1 Other receivables 60 1,128 88 (1,265 ) 11 Inventories — 1,400 50 (2 ) 1,448 Other current assets 13 287 4 (9 ) 295 Total current assets 1,308 3,104 500 (1,276 ) 3,636 Property, plant and equipment, net of accumulated depreciation 2 1,303 33 — 1,338 Trademarks and other intangible assets, net of accumulated amortization — 29,420 14 (2 ) 29,432 Goodwill — 15,976 16 — 15,992 Long-term intercompany notes receivable 1,184 138 — (1,322 ) — Investment in subsidiaries 34,501 339 — (34,840 ) — Other assets and deferred charges 70 44 64 (113 ) 65 Total assets $ 37,065 $ 50,324 $ 627 $ (37,553 ) $ 50,463 Liabilities and shareholders’ equity Accounts payable $ 2 $ 182 $ 9 $ — $ 193 Tobacco settlement accruals — 1,833 — — 1,833 Due to related party — — — — — Deferred revenue, related party — 106 — — 106 Current maturities of long-term debt 1,695 53 — — 1,748 Dividends payable on common stock 727 — — — 727 Other current liabilities 1,378 756 78 (1,277 ) 935 Total current liabilities 3,802 2,930 87 (1,277 ) 5,542 Long-term intercompany notes payable 138 650 534 (1,322 ) — Long-term debt (less current maturities) 11,134 256 — — 11,390 Long-term deferred income taxes, net — 9,725 — (111 ) 9,614 Long-term retirement benefits (less current portion) 58 1,587 123 — 1,768 Long-term deferred revenue, related party — 19 — — 19 Other noncurrent liabilities 47 194 3 — 244 Shareholders' equity (deficit) 21,886 34,963 (120 ) (34,843 ) 21,886 Total liabilities and shareholders’ equity $ 37,065 $ 50,324 $ 627 $ (37,553 ) $ 50,463 Condensed Consolidating Balance Sheets (Dollars in Millions) Parent Issuer Guarantors Non- Guarantors Eliminations Consolidated December 31, 2016 Assets Cash and cash equivalents $ 726 $ 997 $ 328 $ — $ 2,051 Accounts receivable — 62 4 — 66 Accounts receivable, related party — 113 — — 113 Other receivables 63 3,572 17 (3,642 ) 10 Inventories — 1,604 43 (2 ) 1,645 Other current assets 112 238 — 3 353 Total current assets 901 6,586 392 (3,641 ) 4,238 Property, plant and equipment, net of accumulated depreciation 2 1,314 32 — 1,348 Trademarks and other intangible assets, net of accumulated amortization — 29,432 14 (2 ) 29,444 Goodwill — 15,976 16 — 15,992 Long-term intercompany notes receivable 1,390 148 — (1,538 ) — Investment in subsidiaries 36,865 333 — (37,198 ) — Other assets and deferred charges 80 52 37 (96 ) 73 Total assets $ 39,238 $ 53,841 $ 491 $ (42,475 ) $ 51,095 Liabilities and shareholders’ equity Accounts payable $ 1 $ 213 $ 7 $ — $ 221 Tobacco settlement accruals — 2,498 — — 2,498 Due to related party — 7 — — 7 Deferred revenue, related party — 66 — — 66 Current maturities of long-term debt 448 53 — — 501 Dividends payable on common stock 656 — — — 656 Other current liabilities 3,767 871 40 (3,642 ) 1,036 Total current liabilities 4,872 3,708 47 (3,642 ) 4,985 Long-term intercompany notes payable 148 900 490 (1,538 ) — Long-term debt (less current maturities) 12,404 260 — — 12,664 Long-term deferred income taxes, net — 9,700 — (93 ) 9,607 Long-term retirement benefits (less current portion) 59 1,767 43 — 1,869 Long-term deferred revenue, related party — 39 — — 39 Other noncurrent liabilities 44 176 — — 220 Shareholders' equity (deficit) 21,711 37,291 (89 ) (37,202 ) 21,711 Total liabilities and shareholders’ equity $ 39,238 $ 53,841 $ 491 $ (42,475 ) $ 51,095 |
RJR Tobacco | |
Condensed Consolidating Statements of Income | Condensed Consolidating Statements of Income (Dollars in Millions) Parent Guarantor Issuer Guarantor Non- Guarantors Eliminations Consolidated For the Three Months Ended June 30, 2017 Net sales $ — $ 2,677 $ — $ 651 $ (38 ) $ 3,290 Net sales, related party — 28 — — — 28 Net sales — 2,705 — 651 (38 ) 3,318 Cost of products sold — 1,069 — 248 (39 ) 1,278 Selling, general and administrative expenses, net 12 1,507 — (1,042 ) 1 478 Amortization expense — 4 — 2 — 6 Operating income (loss) (12 ) 125 — 1,443 — 1,556 Interest and debt expense 148 2 — 17 (17 ) 150 Interest income (15 ) (2 ) (2 ) (1 ) 17 (3 ) Other expense (income), net 1 — (10 ) 9 11 11 Income (loss) before income taxes (146 ) 125 12 1,418 (11 ) 1,398 Provision for (benefit from) income taxes (50 ) 46 — 483 — 479 Equity income from subsidiaries 1,015 735 813 — (2,563 ) — Net income $ 919 $ 814 $ 825 $ 935 $ (2,574 ) $ 919 For the Three Months Ended June 30, 2016 Net sales $ — $ 2,626 $ — $ 557 $ (42 ) $ 3,141 Net sales, related party — 54 — — — 54 Net sales — 2,680 — 557 (42 ) 3,195 Cost of products sold — 1,108 — 210 (43 ) 1,275 Selling, general and administrative expenses, net 6 714 — (223 ) 2 499 Amortization expense — 5 — 1 — 6 Operating income (loss) (6 ) 853 — 569 (1 ) 1,415 Interest and debt expense 149 3 — 22 (22 ) 152 Interest income (21 ) (1 ) (1 ) (1 ) 22 (2 ) Other expense (income), net — 2 (10 ) (4 ) 11 (1 ) Income (loss) before income taxes (134 ) 849 11 552 (12 ) 1,266 Provision for (benefit from) income taxes (48 ) 325 — 193 — 470 Equity income from subsidiaries 882 220 746 — (1,848 ) — Net income $ 796 $ 744 $ 757 $ 359 $ (1,860 ) $ 796 Condensed Consolidating Statements of Income (Dollars in Millions) Parent Guarantor Issuer Guarantor Non- Guarantors Eliminations Consolidated For the Six Months Ended June 30, 2017 Net sales $ — $ 5,053 $ — $ 1,238 $ (90 ) $ 6,201 Net sales, related party — 66 — — — 66 Net sales — 5,119 — 1,238 (90 ) 6,267 Cost of products sold — 2,094 — 472 (89 ) 2,477 Selling, general and administrative expenses, net 27 2,826 (1 ) (1,957 ) 1 896 Amortization expense — 8 — 4 — 12 Operating income (loss) (27 ) 191 1 2,719 (2 ) 2,882 Interest and debt expense 295 4 — 37 (37 ) 299 Interest income (35 ) (3 ) (2 ) (2 ) 37 (5 ) Other expense (income), net 2 1 (21 ) 12 21 15 Income (loss) before income taxes (289 ) 189 24 2,672 (23 ) 2,573 Provision for (benefit from) income taxes (125 ) 84 — 915 — 874 Equity income from subsidiaries 1,863 1,378 1,479 — (4,720 ) — Net income $ 1,699 $ 1,483 $ 1,503 $ 1,757 $ (4,743 ) $ 1,699 For the Six Months Ended June 30, 2016 Net sales $ — $ 5,009 $ — $ 1,081 $ (87 ) $ 6,003 Net sales, related party — 109 — — — 109 Net sales — 5,118 — 1,081 (87 ) 6,112 Cost of products sold — 2,125 — 404 (89 ) 2,440 Selling, general and administrative expenses, net 22 1,349 — (409 ) 2 964 Gain on divestiture — — — (4,861 ) — (4,861 ) Amortization expense — 9 — 3 — 12 Operating income (loss) (22 ) 1,635 — 5,944 — 7,557 Interest and debt expense 323 3 — 48 (48 ) 326 Interest income (47 ) (3 ) (2 ) (1 ) 48 (5 ) Other expense (income), net 240 6 (20 ) 3 22 251 Income (loss) before income taxes (538 ) 1,629 22 5,894 (22 ) 6,985 Provision for (benefit from) income taxes (190 ) 652 — 2,162 — 2,624 Equity income from subsidiaries 4,709 404 1,402 — (6,515 ) — Net income $ 4,361 $ 1,381 $ 1,424 $ 3,732 $ (6,537 ) $ 4,361 |
Condensed Consolidating Statements of Comprehensive Income | Condensed Consolidating Statements of Comprehensive Income (Dollars in Millions) Parent Guarantor Issuer Guarantor Non- Guarantors Eliminations Consolidated For the Three Months Ended June 30, 2017 Net income $ 919 $ 814 $ 825 $ 935 $ (2,574 ) $ 919 Other comprehensive income (loss), net of tax: Retirement benefits 13 32 31 (18 ) (45 ) 13 Cumulative translation adjustment and other 11 12 12 12 (36 ) 11 Comprehensive income $ 943 $ 858 $ 868 $ 929 $ (2,655 ) $ 943 For the Three Months Ended June 30, 2016 Net income $ 796 $ 744 $ 757 $ 359 $ (1,860 ) $ 796 Other comprehensive income (loss), net of tax: Retirement benefits 39 44 42 (3 ) (83 ) 39 Long-term investments 4 4 4 — (8 ) 4 Cumulative translation adjustment and other (5 ) (4 ) (5 ) (5 ) 14 (5 ) Comprehensive income $ 834 $ 788 $ 798 $ 351 $ (1,937 ) $ 834 For the Six Months Ended June 30, 2017 Net income $ 1,699 $ 1,483 $ 1,503 $ 1,757 $ (4,743 ) $ 1,699 Other comprehensive income (loss), net of tax: Retirement benefits 9 29 28 (17 ) (40 ) 9 Cumulative translation adjustment and other 14 14 15 15 (44 ) 14 Comprehensive income $ 1,722 $ 1,526 $ 1,546 $ 1,755 $ (4,827 ) $ 1,722 For the Six Months Ended June 30, 2016 Net income $ 4,361 $ 1,381 $ 1,424 $ 3,732 $ (6,537 ) $ 4,361 Other comprehensive income (loss), net of tax: Retirement benefits 33 38 36 (3 ) (71 ) 33 Long-term investments 3 3 3 — (6 ) 3 Hedging instruments 11 — — — — 11 Cumulative translation adjustment and other 17 17 17 17 (51 ) 17 Comprehensive income $ 4,425 $ 1,439 $ 1,480 $ 3,746 $ (6,665 ) $ 4,425 |
Reclassification Out of Accumulated Other Comprehensive Income Net of Tax | Details about the reclassifications out of accumulated other comprehensive loss and the affected line items in the condensed consolidating statements of income (unaudited) for the three months ended June 30, 2017, were as follows: Components Amounts Reclassified Affected Line Item Parent Guarantor Issuer Guarantor Non- Guarantors Eliminations Consolidated Defined benefit pension and postretirement plans: Amortization of prior service credit $ — $ (5 ) $ — $ — $ — $ (5 ) Cost of products sold Amortization of prior service credit — (4 ) — — — (4 ) Selling, general and administrative expenses, net — (9 ) — — — (9 ) Operating income (loss) Deferred taxes — 2 — — — 2 Provision for (benefit from) income taxes Net of tax — (7 ) — — — (7 ) Net income Equity income from subsidiaries (7 ) — (7 ) — 14 — Equity income from subsidiaries Total reclassifications $ (7 ) $ (7 ) $ (7 ) $ — $ 14 $ (7 ) Net income Details about the reclassifications out of accumulated other comprehensive loss and the affected line items in the condensed consolidating statements of income (unaudited) for the three months ended June 30, 2016, were as follows: Components Amounts Reclassified Affected Line Item Parent Guarantor Issuer Guarantor Non- Guarantors Eliminations Consolidated Defined benefit pension and postretirement plans: Amortization of prior service credit $ — $ (5 ) $ — $ — $ — $ (5 ) Cost of products sold Amortization of prior service credit — (5 ) — — — (5 ) Selling, general and administrative expenses, net — (10 ) — — — (10 ) Operating income (loss) Deferred taxes — 4 — — — 4 Provision for (benefit from) income taxes Net of tax — (6 ) — — — (6 ) Net income Equity income from subsidiaries (6 ) — (6 ) — 12 — Equity income from subsidiaries Total reclassifications $ (6 ) $ (6 ) $ (6 ) $ — $ 12 $ (6 ) Net income Details about the reclassifications out of accumulated other comprehensive loss and the affected line items in the condensed consolidating statements of income (unaudited) for the six months ended June 30, 2017, were as follows: Components Amounts Reclassified Affected Line Item Parent Guarantor Issuer Guarantor Non- Guarantors Eliminations Consolidated Defined benefit pension and postretirement plans: Amortization of prior service credit $ — $ (9 ) $ — $ — $ — $ (9 ) Cost of products sold Amortization of prior service credit — (8 ) — — — (8 ) Selling, general and administrative expenses, net — (17 ) — — — (17 ) Operating income (loss) Deferred taxes — 6 — — — 6 Provision for (benefit from) income taxes Net of tax — (11 ) — — — (11 ) Net income Equity income from subsidiaries (11 ) — (11 ) — 22 — Equity income from subsidiaries Total reclassifications $ (11 ) $ (11 ) $ (11 ) $ — $ 22 $ (11 ) Net income Details about the reclassifications out of accumulated other comprehensive loss and the affected line items in the condensed consolidating statements of income (unaudited) for the six months ended June 30, 2016, were as follows: Components Amounts Reclassified Affected Line Item Parent Guarantor Issuer Guarantor Non- Guarantors Eliminations Consolidated Defined benefit pension and postretirement plans: Amortization of prior service credit $ — $ (10 ) $ — $ — $ — $ (10 ) Cost of products sold Amortization of prior service credit — (10 ) — — — (10 ) Selling, general and administrative expenses, net — (20 ) — — — (20 ) Operating income (loss) Deferred taxes — 8 — — — 8 Provision for (benefit from) income taxes Net of tax — (12 ) — — — (12 ) Net income Long-term investments: Realized gain on long-term investments — (3 ) — — — (3 ) Other expense (income), net Deferred taxes — 1 — — — 1 Provision for (benefit from) income taxes Net of tax — (2 ) — — — (2 ) Net income Loss on hedging instruments: Forward starting interest rate contracts 16 16 Other expense (income), net Amortization of realized loss 1 — — — — 1 Interest and debt expense 17 — — — — 17 Income (loss) before income taxes Deferred taxes (6 ) — — — — (6 ) Provision for (benefit from) income taxes Net of tax 11 — — — — 11 Net income Cumulative translation adjustment and other: Derecognition of cumulative translation adjustment — — — 27 — 27 Gain on divestiture Equity income from subsidiaries 13 27 13 — (53 ) — Equity income from subsidiaries Total reclassifications $ 24 $ 13 $ 13 $ 27 $ (53 ) $ 24 Net income |
Condensed Consolidating Statements of Cash Flows | Condensed Consolidating Statements of Cash Flows (Dollars in Millions) Parent Guarantor Issuer Guarantor Non- Guarantors Eliminations Consolidated For the Six Months Ended June 30, 2017 Cash flows from operating activities $ 1,714 $ 510 $ 442 $ 1,045 $ (2,434 ) $ 1,277 Cash flows from (used in) investing activities: Capital expenditures — (46 ) — (20 ) — (66 ) Return of intercompany investments 145 12 679 — (836 ) — Other, net 205 — 9 11 (224 ) 1 Net cash flows from (used in) investing activities 350 (34 ) 688 (9 ) (1,060 ) (65 ) Cash flows from (used in) financing activities: Dividends paid on common stock (1,384 ) (365 ) (985 ) (1,063 ) 2,413 (1,384 ) Repurchase of common stock (139 ) — — — — (139 ) Borrowings under revolving credit facility 500 — — — — 500 Repayments of borrowings under revolving credit facility (500 ) — — — — (500 ) Dividends paid on preferred stock (21 ) — — — 21 — Distribution of equity — (679 ) (145 ) (12 ) 836 — Other, net (11 ) — — (213 ) 224 — Net cash flows used in financing activities (1,555 ) (1,044 ) (1,130 ) (1,288 ) 3,494 (1,523 ) Effect of exchange rate changes on cash and cash equivalents — — — 18 — 18 Net change in cash and cash equivalents 509 (568 ) — (234 ) — (293 ) Cash and cash equivalents at beginning of period 726 670 1 654 — 2,051 Cash and cash equivalents at end of period $ 1,235 $ 102 $ 1 $ 420 $ — $ 1,758 Condensed Consolidating Statements of Cash Flows (Dollars in Millions) Parent Guarantor Issuer Guarantor Non- Guarantors Eliminations Consolidated For the Six Months Ended June 30, 2016 Cash flows from (used in) operating activities $ (1,012 ) $ 120 $ 38 $ 611 $ (482 ) $ (725 ) Cash flows from (used in) investing activities: Capital expenditures — (59 ) — (35 ) — (94 ) Proceeds from settlement of investments — 182 — — — 182 Proceeds from divestiture 5,015 — — — — 5,015 Return of intercompany investments 412 495 598 — (1,505 ) — Other, net 260 — 8 11 (279 ) — Net cash flows from (used in) investing activities 5,687 618 606 (24 ) (1,784 ) 5,103 Cash flows from (used in) financing activities: Dividends paid on common stock (1,113 ) (9 ) (247 ) (205 ) 461 (1,113 ) Repurchase of common stock (149 ) — — — — (149 ) Early extinguishment of debt (3,642 ) (8 ) — — — (3,650 ) Premiums paid for early extinguishment of debt (206 ) (1 ) — — — (207 ) Proceeds from termination of interest rate swaps — 66 — — — 66 Debt financing fees (7 ) — — — — (7 ) Excess tax benefit on stock-based compensation plans 26 — — — — 26 Dividends paid on preferred stock (21 ) — — — 21 — Distribution of equity — (580 ) (412 ) (513 ) 1,505 — Other, net (11 ) — — (268 ) 279 — Net cash flows used in financing activities (5,123 ) (532 ) (659 ) (986 ) 2,266 (5,034 ) Effect of exchange rate changes on cash and cash equivalents — — — 7 — 7 Net change in cash and cash equivalents (448 ) 206 (15 ) (392 ) — (649 ) Cash and cash equivalents at beginning of period 575 809 19 1,164 — 2,567 Cash and cash equivalents at end of period $ 127 $ 1,015 $ 4 $ 772 $ — $ 1,918 |
Condensed Consolidating Balance Sheets | Condensed Consolidating Balance Sheets (Dollars in Millions) Parent Guarantor Issuer Guarantor Non- Guarantors Eliminations Consolidated June 30, 2017 Assets Cash and cash equivalents $ 1,235 $ 102 $ 1 $ 420 $ — $ 1,758 Accounts receivable — 72 — 51 — 123 Accounts receivable, related party — 1 — — — 1 Other receivables 60 95 17 1,158 (1,319 ) 11 Inventories — 748 — 702 (2 ) 1,448 Other current assets 13 202 — 89 (9 ) 295 Total current assets 1,308 1,220 18 2,420 (1,330 ) 3,636 Property, plant and equipment, net of accumulated depreciation 2 845 — 491 — 1,338 Trademarks and other intangible assets, net of accumulated amortization — 309 — 29,124 (1 ) 29,432 Goodwill — 3,454 9,853 2,685 — 15,992 Long-term intercompany notes receivable 1,184 — 65 138 (1,387 ) — Investment in subsidiaries 34,501 18,674 21,098 — (74,273 ) — Other assets and deferred charges 70 1,141 10 14 (1,170 ) 65 Total assets $ 37,065 $ 25,643 $ 31,044 $ 34,872 $ (78,161 ) $ 50,463 Liabilities and shareholders’ equity Accounts payable $ 2 $ 165 $ — $ 26 $ — $ 193 Tobacco settlement accruals — 1,729 — 104 — 1,833 Due to related party — — — — — — Deferred revenue, related party — 106 — — — 106 Current maturities of long-term debt 1,695 53 — — — 1,748 Dividends payable on common stock 727 — — — — 727 Other current liabilities 1,378 592 38 257 (1,330 ) 935 Total current liabilities 3,802 2,645 38 387 (1,330 ) 5,542 Long-term intercompany notes payable 138 — — 1,249 (1,387 ) — Long-term debt (less current maturities) 11,134 256 — — — 11,390 Long-term deferred income taxes, net — — — 10,781 (1,167 ) 9,614 Long-term retirement benefits (less current portion) 58 1,467 26 217 — 1,768 Long-term deferred revenue, related party — 19 — — — 19 Other noncurrent liabilities 47 168 — 29 — 244 Shareholders' equity 21,886 21,088 30,980 22,209 (74,277 ) 21,886 Total liabilities and shareholders’ equity $ 37,065 $ 25,643 $ 31,044 $ 34,872 $ (78,161 ) $ 50,463 Condensed Consolidating Balance Sheets (Dollars in Millions) Parent Guarantor Issuer Guarantor Non- Guarantors Eliminations Consolidated December 31, 2016 Assets Cash and cash equivalents $ 726 $ 670 $ 1 $ 654 $ — $ 2,051 Accounts receivable — 27 — 39 — 66 Accounts receivable, related party — 113 — — — 113 Other receivables 63 5 38 4,828 (4,924 ) 10 Inventories — 812 — 835 (2 ) 1,645 Other current assets 112 195 — 43 3 353 Total current assets 901 1,822 39 6,399 (4,923 ) 4,238 Property, plant and equipment, net of accumulated depreciation 2 855 — 491 — 1,348 Trademarks and other intangible assets, net of accumulated amortization — 317 — 29,129 (2 ) 29,444 Goodwill — 3,453 9,853 2,686 — 15,992 Long-term intercompany notes receivable 1,390 — 73 148 (1,611 ) — Investment in subsidiaries 36,865 22,954 23,938 — (83,757 ) — Other assets and deferred charges 80 1,204 11 13 (1,235 ) 73 Total assets $ 39,238 $ 30,605 $ 33,914 $ 38,866 $ (91,528 ) $ 51,095 Liabilities and shareholders’ equity Accounts payable $ 1 $ 190 $ — $ 30 $ — $ 221 Tobacco settlement accruals — 2,326 — 172 — 2,498 Due to related party — 7 — — — 7 Deferred revenue, related party — 66 — — — 66 Current maturities of long-term debt 448 53 — — — 501 Dividends payable on common stock 656 — — — — 656 Other current liabilities 3,767 1,923 2 268 (4,924 ) 1,036 Total current liabilities 4,872 4,565 2 470 (4,924 ) 4,985 Long-term intercompany notes payable 148 — — 1,463 (1,611 ) — Long-term debt (less current maturities) 12,404 260 — — — 12,664 Long-term deferred income taxes, net — — — 10,839 (1,232 ) 9,607 Long-term retirement benefits (less current portion) 59 1,651 28 131 — 1,869 Long-term deferred revenue, related party — 39 — — — 39 Other noncurrent liabilities 44 153 — 23 — 220 Shareholders' equity 21,711 23,937 33,884 25,940 (83,761 ) 21,711 Total liabilities and shareholders’ equity $ 39,238 $ 30,605 $ 33,914 $ 38,866 $ (91,528 ) $ 51,095 |
Business and Summary of Signi35
Business and Summary of Significant Accounting Policies - Additional Information (Detail) - USD ($) $ in Millions | Jan. 13, 2016 | Oct. 31, 2015 | Dec. 31, 2012 | Jun. 30, 2017 | Jun. 30, 2016 | Jun. 30, 2017 | Jun. 30, 2016 | Dec. 31, 2016 |
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items] | ||||||||
Asset sale | $ 5,015 | |||||||
Pre-tax gain on divestiture | 4,861 | |||||||
Percentage of allocable shares | 51.73% | |||||||
Reduction in Master Settlement Agreement expenses | $ 17 | $ 17 | ||||||
NPM performance adjustment | 16 | $ 74 | 26 | 143 | ||||
NPM Adjustment credits | $ 290 | |||||||
Agreement period | 4 years | |||||||
NPM Additional adjustment credits recognized | 26 | $ 24 | $ 49 | 46 | ||||
Defined benefit plan corridor percentage | 10.00% | |||||||
Expected pension contributions, current remaining fiscal year | $ 111 | |||||||
Pension contributions | $ 7 | |||||||
Excess tax benefits to income tax expense on adoption of accounting pronouncements | 29 | $ 26 | ||||||
ASU 2016-09 | ||||||||
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items] | ||||||||
Excess tax benefits to income tax expense on adoption of accounting pronouncements | 29 | |||||||
Level 1 | ||||||||
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items] | ||||||||
Cash And Cash Equivalents Fair Value Disclosure | 1,700 | 1,700 | 2,000 | |||||
Level 2 | ||||||||
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items] | ||||||||
Estimated fair value of RAI’s outstanding debt | $ 14,700 | $ 14,700 | $ 14,300 | |||||
JTI Holding | ||||||||
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items] | ||||||||
Asset sale | $ 5,000 | |||||||
Pre-tax gain on divestiture | $ 4,900 |
Certain Component of Cost of Pr
Certain Component of Cost of Products Sold (Detail) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2017 | Jun. 30, 2016 | Jun. 30, 2017 | Jun. 30, 2016 | |
Accounting Policies [Abstract] | ||||
State Settlement Agreements | $ 758 | $ 719 | $ 1,485 | $ 1,349 |
FDA user fees | $ 46 | $ 49 | $ 93 | $ 99 |
Components of Pension Benefits
Components of Pension Benefits and Postretirement Benefits (Detail) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2017 | Jun. 30, 2016 | Jun. 30, 2017 | Jun. 30, 2016 | |
Pension Benefits | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Service cost | $ 5 | $ 4 | $ 9 | $ 8 |
Interest cost | 67 | 74 | 134 | 148 |
Expected return on plan assets | (97) | (93) | (194) | (186) |
Amortization of prior service cost (credit) | 1 | 1 | ||
Net benefit income | (25) | (15) | (50) | (29) |
Postretirement Benefit | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Service cost | 1 | 1 | 1 | |
Interest cost | 11 | 11 | 22 | 24 |
Expected return on plan assets | (3) | (2) | (5) | (5) |
Amortization of prior service cost (credit) | $ (9) | (10) | $ (18) | (21) |
Net benefit income | $ (1) | $ (1) |
Changes in Carrying Amounts of
Changes in Carrying Amounts of Goodwill by Segment (Detail) - USD ($) $ in Millions | Jun. 30, 2017 | Dec. 31, 2016 |
Goodwill [Line Items] | ||
Goodwill | $ 19,783 | $ 19,783 |
Less: accumulated impairment charges | (3,791) | (3,791) |
Net goodwill balance | 15,992 | 15,992 |
RJR Tobacco | ||
Goodwill [Line Items] | ||
Goodwill | 17,069 | 17,069 |
Less: accumulated impairment charges | (3,763) | (3,763) |
Net goodwill balance | 13,306 | 13,306 |
Santa Fe | ||
Goodwill [Line Items] | ||
Goodwill | 197 | 197 |
Net goodwill balance | 197 | 197 |
American Snuff | ||
Goodwill [Line Items] | ||
Goodwill | 2,501 | 2,501 |
Less: accumulated impairment charges | (28) | (28) |
Net goodwill balance | 2,473 | 2,473 |
All Other | ||
Goodwill [Line Items] | ||
Goodwill | 16 | 16 |
Net goodwill balance | $ 16 | $ 16 |
Carrying Amount and Changes of
Carrying Amount and Changes of Trademarks and Other Indefinite-Lived Assets (Detail) - USD ($) $ in Millions | Jun. 30, 2017 | Dec. 31, 2016 |
Trademarks | ||
Indefinite Lived Intangible Assets By Major Class [Line Items] | ||
Indefinite-lived assets | $ 29,098 | $ 29,098 |
Other | ||
Indefinite Lived Intangible Assets By Major Class [Line Items] | ||
Indefinite-lived assets | 87 | 87 |
RJR Tobacco | Trademarks | ||
Indefinite Lived Intangible Assets By Major Class [Line Items] | ||
Indefinite-lived assets | 27,826 | 27,826 |
RJR Tobacco | Other | ||
Indefinite Lived Intangible Assets By Major Class [Line Items] | ||
Indefinite-lived assets | 87 | 87 |
Santa Fe | Trademarks | ||
Indefinite Lived Intangible Assets By Major Class [Line Items] | ||
Indefinite-lived assets | 136 | 136 |
American Snuff | Trademarks | ||
Indefinite Lived Intangible Assets By Major Class [Line Items] | ||
Indefinite-lived assets | $ 1,136 | $ 1,136 |
Carrying Amount and Changes o40
Carrying Amount and Changes of Trademarks and Other Assets (Detail) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2017 | Jun. 30, 2016 | Jun. 30, 2017 | Jun. 30, 2016 | |
Finite Lived Intangible Assets [Line Items] | ||||
Beginning Balance | $ 259 | |||
Amortization | $ (6) | $ (6) | (12) | $ (12) |
Ending Balance | 247 | 247 | ||
Trademarks | ||||
Finite Lived Intangible Assets [Line Items] | ||||
Beginning Balance | 17 | |||
Amortization | (3) | |||
Ending Balance | 14 | 14 | ||
Other | ||||
Finite Lived Intangible Assets [Line Items] | ||||
Beginning Balance | 242 | |||
Amortization | (9) | |||
Ending Balance | 233 | 233 | ||
RJR Tobacco | Trademarks | ||||
Finite Lived Intangible Assets [Line Items] | ||||
Beginning Balance | 12 | |||
Amortization | (3) | |||
Ending Balance | 9 | 9 | ||
RJR Tobacco | Other | ||||
Finite Lived Intangible Assets [Line Items] | ||||
Beginning Balance | 229 | |||
Amortization | (8) | |||
Ending Balance | 221 | 221 | ||
American Snuff | Trademarks | ||||
Finite Lived Intangible Assets [Line Items] | ||||
Beginning Balance | 5 | |||
Ending Balance | 5 | 5 | ||
All Other | Other | ||||
Finite Lived Intangible Assets [Line Items] | ||||
Beginning Balance | 13 | |||
Amortization | (1) | |||
Ending Balance | $ 12 | $ 12 |
Details of Finite-Lived Intangi
Details of Finite-Lived Intangible Assets (Detail) - USD ($) $ in Millions | Jun. 30, 2017 | Dec. 31, 2016 |
Finite Lived Intangible Assets [Line Items] | ||
Gross | $ 530 | $ 530 |
Accumulated Amortization | (283) | (271) |
Net | 247 | 259 |
Customer lists | ||
Finite Lived Intangible Assets [Line Items] | ||
Gross | 240 | 240 |
Accumulated Amortization | (25) | (19) |
Net | 215 | 221 |
Contract manufacturing agreement | ||
Finite Lived Intangible Assets [Line Items] | ||
Gross | 151 | 151 |
Accumulated Amortization | (145) | (143) |
Net | 6 | 8 |
Trademarks | ||
Finite Lived Intangible Assets [Line Items] | ||
Gross | 124 | 124 |
Accumulated Amortization | (110) | (107) |
Net | 14 | 17 |
Other intangibles | ||
Finite Lived Intangible Assets [Line Items] | ||
Gross | 15 | 15 |
Accumulated Amortization | (3) | (2) |
Net | $ 12 | $ 13 |
Finite-Lived Intangible Assets
Finite-Lived Intangible Assets Estimated Future Amortization Expense (Detail) - USD ($) $ in Millions | Jun. 30, 2017 | Dec. 31, 2016 |
Goodwill And Intangible Assets Disclosure [Abstract] | ||
Remainder of 2017 | $ 11 | |
2,018 | 22 | |
2,019 | 16 | |
2,020 | 15 | |
2,021 | 14 | |
Thereafter | 169 | |
Net | $ 247 | $ 259 |
Components of Calculation of In
Components of Calculation of Income Per Share (Detail) - USD ($) shares in Thousands, $ in Millions | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2017 | Jun. 30, 2016 | Jun. 30, 2017 | Jun. 30, 2016 | |
Earnings Per Share [Abstract] | ||||
Net income | $ 919 | $ 796 | $ 1,699 | $ 4,361 |
Basic weighted average shares, in thousands | 1,426,578 | 1,427,413 | 1,426,412 | 1,427,430 |
Effect of dilutive potential shares: | ||||
Restricted stock units | 2,138 | 2,554 | 2,697 | 3,088 |
Diluted weighted average shares, in thousands | 1,428,716 | 1,429,967 | 1,429,109 | 1,430,518 |
Components of Inventories (Deta
Components of Inventories (Detail) - USD ($) $ in Millions | Jun. 30, 2017 | Dec. 31, 2016 |
Inventory Disclosure [Abstract] | ||
Leaf tobacco | $ 1,222 | $ 1,436 |
Other raw materials | 99 | 77 |
Work in process | 72 | 81 |
Finished products | 175 | 165 |
Other | 23 | 25 |
Total | 1,591 | 1,784 |
LIFO allowance | (143) | (139) |
Inventory Net | $ 1,448 | $ 1,645 |
Provision for Income Taxes (Det
Provision for Income Taxes (Detail) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2017 | Jun. 30, 2016 | Jun. 30, 2017 | Jun. 30, 2016 | |
Income Tax Disclosure [Abstract] | ||||
Provision for income taxes | $ 479 | $ 470 | $ 874 | $ 2,624 |
Effective tax rate | 34.30% | 37.10% | 34.00% | 37.60% |
Income Taxes - Additional Infor
Income Taxes - Additional Information (Detail) - USD ($) $ in Millions | 6 Months Ended | |
Jun. 30, 2017 | Jun. 30, 2016 | |
Income Tax Disclosure [Abstract] | ||
Excess tax benefit on stock-based compensation plans | $ 29 | $ 26 |
Federal statutory rate | 35.00% |
Credit Agreement - Additional I
Credit Agreement - Additional Information (Detail) - USD ($) | 1 Months Ended | 6 Months Ended |
Dec. 31, 2014 | Jun. 30, 2017 | |
Line Of Credit Facility [Line Items] | ||
Termination date of subsidiary guarantee | Jul. 25, 2017 | |
Borrowings outstanding under the Credit Agreement | $ 0 | |
Letters of credit outstanding amount | 0 | |
Amount borrowed under Credit Agreement | 500,000,000 | |
Amount repaid under Credit Agreement | $ 500,000,000 | |
Credit Agreement | ||
Line Of Credit Facility [Line Items] | ||
Period of senior unsecured revolving credit facility | 5 years | |
Credit facility under current borrowing capacity | $ 2,000,000,000 | |
Credit facility maturity date | Dec. 18, 2021 | |
Sublimit on the aggregate amount of letters of credit | $ 300,000,000 | |
Interest Rate | 2.00% | |
Amount borrowed under Credit Agreement | $ 500,000,000 | |
Amount repaid under Credit Agreement | $ 500,000,000 | |
Annual interest rate | 2.15% | |
Credit Agreement | Federal Funds Effective Swap Rate | ||
Line Of Credit Facility [Line Items] | ||
Debt instrument, marginal interest rate | 0.50% | |
Credit Agreement | Eurodollar | ||
Line Of Credit Facility [Line Items] | ||
Debt instrument, marginal interest rate | 1.00% | |
Credit Agreement | Minimum | ||
Line Of Credit Facility [Line Items] | ||
Pay rate of commitment fee per annum | 0.10% | |
Credit Agreement | Maximum | ||
Line Of Credit Facility [Line Items] | ||
Pay rate of commitment fee per annum | 0.275% |
Commitments and Contingencies -
Commitments and Contingencies - Additional Information (Detail) $ in Millions | Oct. 09, 2015Plaintiff | Jun. 30, 2017USD ($)LegalMatterTrial | Jun. 30, 2017USD ($)LegalMatterPlaintiffTrial | Jun. 30, 2016LegalMatter |
Loss Contingencies [Line Items] | ||||
Growers trust fund | $ | $ 5,200 | $ 5,200 | ||
Number of cases filed | 35 | |||
Number of cases pending | 249 | 249 | 286 | |
Number of cases pending in federal court | 37 | 37 | ||
Number of cases pending in state court | 194 | 194 | ||
UNITED STATES | ||||
Loss Contingencies [Line Items] | ||||
Number of cases pending | 232 | 232 | ||
Canada | ||||
Loss Contingencies [Line Items] | ||||
Number of cases pending | 17 | 17 | ||
Illinois | ||||
Loss Contingencies [Line Items] | ||||
Number of cases pending in state court | 51 | 51 | ||
Florida | ||||
Loss Contingencies [Line Items] | ||||
Number of cases pending in state court | 29 | 29 | ||
New York | ||||
Loss Contingencies [Line Items] | ||||
Number of cases pending in state court | 18 | 18 | ||
Missouri | ||||
Loss Contingencies [Line Items] | ||||
Number of cases pending in state court | 16 | 16 | ||
Massachusetts | ||||
Loss Contingencies [Line Items] | ||||
Number of cases pending in state court | 35 | 35 | ||
New Mexico | ||||
Loss Contingencies [Line Items] | ||||
Number of cases pending in state court | 16 | 16 | ||
Louisiana | ||||
Loss Contingencies [Line Items] | ||||
Number of cases pending in state court | 10 | 10 | ||
Buonomo | ||||
Loss Contingencies [Line Items] | ||||
Amount paid for verdicts including attorney's fees and interests | $ | $ 3.5 | |||
Engle | ||||
Loss Contingencies [Line Items] | ||||
Number of cases pending in federal court | 4,000 | |||
Number of cases after initial docket in federal court | 400 | |||
Number of cases pending | 2,694 | 2,694 | ||
Number of plaintiffs | Plaintiff | 3,492 | |||
Number of cases pending in federal court | 12 | 12 | ||
Number of cases pending in state court | 2,682 | 2,682 | ||
Engle | Florida | ||||
Loss Contingencies [Line Items] | ||||
Number of claims filed | 10,000 | 10,000 | ||
Number of new claims filed | 0 | |||
Number of trials | Trial | 200 | 200 | ||
Engle | RJR Tobacco | ||||
Loss Contingencies [Line Items] | ||||
Percentage of pending cases settled | 90.00% | |||
West Virginia IPIC | ||||
Loss Contingencies [Line Items] | ||||
Number of cases pending | 564 | 564 | ||
Number of plaintiffs | Plaintiff | 30 | 564 | ||
Broin II | ||||
Loss Contingencies [Line Items] | ||||
Number of cases pending | 2,346 | 2,346 | ||
Tribal Court | ||||
Loss Contingencies [Line Items] | ||||
Number of cases pending | 1 | 1 |
Categories of U.S. Tobacco-Rela
Categories of U.S. Tobacco-Related Cases Pending against RJR Tobacco (Detail) | Oct. 09, 2015Plaintiff | Jun. 30, 2017LegalMatterPlaintiff | Jun. 30, 2017LegalMatterPlaintiff | |
Individual Smoking And Health Cases | ||||
Loss Contingencies [Line Items] | ||||
U.S. Case Numbers as of June 30, 2017 | 104 | |||
Change in Number of Cases Since March 31, 2017 Increase/(Decrease) | (33) | |||
West Virginia IPIC | ||||
Loss Contingencies [Line Items] | ||||
U.S. Case Numbers as of June 30, 2017 | [1] | 1 | ||
Change in Number of Cases Since March 31, 2017 Increase/(Decrease) | [1] | 0 | ||
Number of plaintiffs | Plaintiff | 30 | 564 | ||
Increase/ (Decrease) in Number of Plaintiffs | Plaintiff | 0 | |||
Engle Progeny Cases | ||||
Loss Contingencies [Line Items] | ||||
U.S. Case Numbers as of June 30, 2017 | [2] | 2,694 | ||
Change in Number of Cases Since March 31, 2017 Increase/(Decrease) | [2] | (83) | ||
Number of plaintiffs | Plaintiff | 3,492 | |||
Increase/ (Decrease) in Number of Plaintiffs | Plaintiff | (78) | |||
Broin II Cases | ||||
Loss Contingencies [Line Items] | ||||
U.S. Case Numbers as of June 30, 2017 | 2,346 | |||
Change in Number of Cases Since March 31, 2017 Increase/(Decrease) | (6) | |||
Class Action Suits | ||||
Loss Contingencies [Line Items] | ||||
U.S. Case Numbers as of June 30, 2017 | 28 | |||
Change in Number of Cases Since March 31, 2017 Increase/(Decrease) | 1 | |||
Filter Cases | ||||
Loss Contingencies [Line Items] | ||||
U.S. Case Numbers as of June 30, 2017 | 73 | |||
Change in Number of Cases Since March 31, 2017 Increase/(Decrease) | (5) | |||
Healthcare Cost Recovery Cases | ||||
Loss Contingencies [Line Items] | ||||
U.S. Case Numbers as of June 30, 2017 | 2 | |||
Change in Number of Cases Since March 31, 2017 Increase/(Decrease) | 0 | |||
State Settlement Agreements Enforcement And Validity Adjustments | ||||
Loss Contingencies [Line Items] | ||||
U.S. Case Numbers as of June 30, 2017 | 2 | |||
Change in Number of Cases Since March 31, 2017 Increase/(Decrease) | 0 | |||
Other Litigation And Developments | ||||
Loss Contingencies [Line Items] | ||||
U.S. Case Numbers as of June 30, 2017 | 22 | |||
Change in Number of Cases Since March 31, 2017 Increase/(Decrease) | (2) | |||
[1] | Includes as one case the approximately 564 cases pending as a consolidated action In Re: Tobacco Litigation Individual Personal Injury Cases, sometimes referred to as West Virginia IPIC cases, described below. The West Virginia IPIC cases have been separated from the Individual Smoking and Health cases for reporting purposes. | |||
[2] | The Engle Progeny cases have been separated from the Individual Smoking and Health cases for reporting purposes. The number of cases will fluctuate as cases are dismissed or if any of the dismissed cases are appealed. |
Categories of U.S. Tobacco-Re50
Categories of U.S. Tobacco-Related Cases Pending against RJR Tobacco (Parenthetical) (Detail) - LegalMatter | Jun. 30, 2017 | Jun. 30, 2016 |
Loss Contingencies [Line Items] | ||
Number of cases pending | 249 | 286 |
West Virginia IPIC | ||
Loss Contingencies [Line Items] | ||
Number of cases pending | 564 |
Commitments and Contingencies51
Commitments and Contingencies - Additional Information 1 (Detail) | 1 Months Ended | |
Nov. 30, 1998LegalMatterState | Jun. 30, 2017LegalMatterCase | |
Loss Contingencies [Line Items] | ||
Number of states involved in MSA | State | 46 | |
Previously settled cases | 4 | |
Cases scheduled for trial | 32 | |
Individual Smoking And Health Cases | ||
Loss Contingencies [Line Items] | ||
Cases scheduled for trial | 5 | |
Filter Cases | ||
Loss Contingencies [Line Items] | ||
Cases scheduled for trial | 25 | |
Nonsmoking And Health Cases | ||
Loss Contingencies [Line Items] | ||
Cases scheduled for trial | 2 | |
Engle | ||
Loss Contingencies [Line Items] | ||
Cases scheduled for trial | 117 | |
Number of cases tried | Case | 137 | |
Individual Smoking And Health Engle Progeny Filter And Healthcare Cost Recovery Cases | ||
Loss Contingencies [Line Items] | ||
Number of cases tried | 141 | |
Number of mistrials declared | 10 | |
Verdicts returned for tobacco companies | 67 | |
Individual Smoking And Health Engle Progeny Filter And Healthcare Cost Recovery Cases | Florida | ||
Loss Contingencies [Line Items] | ||
Number of cases tried | 41 | |
Number of verdicts returned for tobacco companies by mistrial | 24 | |
Verdicts returned for plaintiff | 65 | |
Number of cases dismissed | 6 | |
Number of cases under retrial on amount of damages | 1 | |
Individual Smoking And Health Engle Progeny Filter And Healthcare Cost Recovery Cases | California | ||
Loss Contingencies [Line Items] | ||
Number of cases tried | 1 | |
Verdicts returned for plaintiff | 1 | |
Individual Smoking And Health Engle Progeny Filter And Healthcare Cost Recovery Cases | New Jersey | ||
Loss Contingencies [Line Items] | ||
Number of cases tried | 1 |
Commitments and Contingencies52
Commitments and Contingencies - Additional Information 2 (Detail) | Jun. 29, 2017USD ($) | Oct. 09, 2015PlaintiffCase | Jun. 30, 2017USD ($)LegalMatterPlaintiffCaseClaim | Dec. 31, 2015USD ($)LegalMatter | Jul. 28, 2017USD ($) | Jul. 07, 2017USD ($) | May 12, 2017USD ($) | May 11, 2017USD ($) | May 09, 2017USD ($) | Apr. 25, 2017USD ($) | Apr. 24, 2017USD ($) | Apr. 21, 2017USD ($) | Apr. 20, 2017USD ($) | Jul. 18, 2016USD ($) | Jun. 30, 2016LegalMatter | Jul. 31, 2015USD ($) | Jul. 08, 2015USD ($) | Jul. 01, 2015USD ($) | Aug. 31, 2014USD ($) | Jul. 30, 2014USD ($) | Dec. 05, 2010USD ($) | May 26, 2010USD ($) |
Loss Contingencies [Line Items] | ||||||||||||||||||||||
Number of cases pending | LegalMatter | 249 | 286 | ||||||||||||||||||||
Number of cases pending in state court | LegalMatter | 194 | |||||||||||||||||||||
Number of cases pending in federal court | LegalMatter | 37 | |||||||||||||||||||||
Florida | ||||||||||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||||||||||
Number of cases pending in state court | LegalMatter | 29 | |||||||||||||||||||||
Florida Bond Cap Total | $ 200,000,000 | |||||||||||||||||||||
Florida Bond Cap Per Case | $ 5,000,000 | |||||||||||||||||||||
Engle | ||||||||||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||||||||||
Number of cases tried | Case | 137 | |||||||||||||||||||||
Punitive damages | $ 145,000,000,000 | |||||||||||||||||||||
Number of cases pending | LegalMatter | 2,694 | |||||||||||||||||||||
Number of plaintiffs | Plaintiff | 3,492 | |||||||||||||||||||||
Punitive Damages 2 | $ 36,300,000,000 | |||||||||||||||||||||
Punitive Damages 3 | 17,600,000,000 | |||||||||||||||||||||
Punitive Damages 4 | $ 16,300,000,000 | |||||||||||||||||||||
Number of cases pending in state court | LegalMatter | 2,682 | |||||||||||||||||||||
Number of cases pending in federal court | LegalMatter | 12 | |||||||||||||||||||||
Number of cases filed but not served | LegalMatter | 9 | |||||||||||||||||||||
Litigation settlement, amount | $ 100,000,000 | |||||||||||||||||||||
Number of cases became final | LegalMatter | 39 | |||||||||||||||||||||
Amount paid for verdicts | $ 344,100,000 | |||||||||||||||||||||
Payment for compensatory and punitive damages | 246,300,000 | |||||||||||||||||||||
Payment for attorney fees and interest | $ 97,800,000 | |||||||||||||||||||||
Engle | Lorillard Tobacco | ||||||||||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||||||||||
Litigation settlement, amount | $ 15,000,000 | |||||||||||||||||||||
Lima | ||||||||||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||||||||||
Allocation of fault to plaintiff | 40.00% | 40.00% | ||||||||||||||||||||
Compensatory damages | $ 3,000,000 | $ 3,000,000 | ||||||||||||||||||||
Lima | Other Defendant | ||||||||||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||||||||||
Allocation of fault | 0.00% | 0.00% | ||||||||||||||||||||
Shadd | ||||||||||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||||||||||
Allocation of fault to plaintiff | 95.00% | 95.00% | ||||||||||||||||||||
Compensatory damages | $ 0 | $ 0 | ||||||||||||||||||||
Punitive damages | $ 0 | $ 0 | ||||||||||||||||||||
Lawrence | ||||||||||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||||||||||
Allocation of fault to plaintiff | 65.00% | 65.00% | ||||||||||||||||||||
Compensatory damages | $ 858,200 | $ 858,200 | ||||||||||||||||||||
Sheffield | ||||||||||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||||||||||
Allocation of fault to plaintiff | 40.00% | 40.00% | ||||||||||||||||||||
Compensatory damages | $ 1,800,000 | $ 1,800,000 | $ 1,800,000 | |||||||||||||||||||
Punitive damages | $ 5,000,000 | 5,000,000 | ||||||||||||||||||||
Maloney | ||||||||||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||||||||||
Allocation of fault to plaintiff | 50.00% | 50.00% | ||||||||||||||||||||
Compensatory damages | $ 1,650,000 | |||||||||||||||||||||
Punitive damages | $ 0 | |||||||||||||||||||||
Thomas | ||||||||||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||||||||||
Allocation of fault to plaintiff | 45.00% | 45.00% | ||||||||||||||||||||
Compensatory damages | $ 4,000,000 | |||||||||||||||||||||
Punitive damages | $ 0 | |||||||||||||||||||||
Izzarelli | ||||||||||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||||||||||
Allocation of fault to plaintiff | 42.00% | |||||||||||||||||||||
Allocation of fault | 58.00% | |||||||||||||||||||||
Compensatory damages | $ 13,760,000 | |||||||||||||||||||||
Punitive damages | $ 3,970,000 | |||||||||||||||||||||
Total damages | 11,950,000 | |||||||||||||||||||||
Punitive damages award deducted | 3,970,000 | |||||||||||||||||||||
Judgment interest awarded | 15,800,000 | |||||||||||||||||||||
Judgment Interest Per Day Awarded | 4,000 | |||||||||||||||||||||
Amended Final Judgment | $ 28,100,000 | |||||||||||||||||||||
Izzarelli | Second Circuit | Subsequent Event | ||||||||||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||||||||||
Compensatory damages | $ 7,980,000 | |||||||||||||||||||||
Major | ||||||||||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||||||||||
Allocation of fault to plaintiff | 50.00% | |||||||||||||||||||||
Compensatory damages | $ 135,000 | |||||||||||||||||||||
Amended Final Judgment | 3,780,000 | |||||||||||||||||||||
Major | Lorillard Tobacco | ||||||||||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||||||||||
Allocation of fault | 17.00% | |||||||||||||||||||||
Total damages | $ 3,900,000 | |||||||||||||||||||||
Bond | 9,100,000 | |||||||||||||||||||||
Major | Pre Judgment Interest | ||||||||||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||||||||||
Judgment interest awarded | 1,900,000 | |||||||||||||||||||||
Major | Post Judgment Interest | ||||||||||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||||||||||
Judgment Interest Per Day Awarded | $ 1,100 | |||||||||||||||||||||
Larkin | ||||||||||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||||||||||
Allocation of fault to plaintiff | 38.00% | |||||||||||||||||||||
Allocation of fault | 62.00% | |||||||||||||||||||||
Compensatory damages | $ 4,960,000 | |||||||||||||||||||||
Punitive damages | $ 8,500,000 | |||||||||||||||||||||
Amount of final judgment | $ 13,460,000 | |||||||||||||||||||||
West Virginia IPIC | ||||||||||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||||||||||
Number of cases pending | LegalMatter | 564 | |||||||||||||||||||||
Number of plaintiffs | Plaintiff | 30 | 564 | ||||||||||||||||||||
Number of cases scheduled for trial | Case | 5 | |||||||||||||||||||||
Various Smokeless Manufacturers | ||||||||||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||||||||||
Number of plaintiffs | Plaintiff | 41 | |||||||||||||||||||||
Federal | ||||||||||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||||||||||
Number of federal cases settled | LegalMatter | 400 | |||||||||||||||||||||
Number of federal cases tried | LegalMatter | 12 | |||||||||||||||||||||
Number of cases filed by different lawyers | LegalMatter | 2 | |||||||||||||||||||||
RJR Tobacco or Lorillard Tobacco | Engle | ||||||||||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||||||||||
Number of cases tried | LegalMatter | 8 | |||||||||||||||||||||
RJR Tobacco or Lorillard Tobacco | Other Engle | ||||||||||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||||||||||
Number of cases tried | LegalMatter | 2 | |||||||||||||||||||||
RJR Tobacco or Lorillard Tobacco | Filter Cases | ||||||||||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||||||||||
Number of cases tried | LegalMatter | 0 | |||||||||||||||||||||
RJR Tobacco | Engle | ||||||||||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||||||||||
Litigation settlement, amount | $ 42,500,000 | |||||||||||||||||||||
RJR Tobacco | Lima | ||||||||||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||||||||||
Allocation of fault | 60.00% | 60.00% | ||||||||||||||||||||
Compensatory damages | $ 1,800,000 | |||||||||||||||||||||
Punitive damages | $ 12,000,000 | $ 12,000,000 | $ 12,000,000 | |||||||||||||||||||
RJR Tobacco | Shadd | ||||||||||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||||||||||
Allocation of fault | 5.00% | 5.00% | ||||||||||||||||||||
RJR Tobacco | Lawrence | ||||||||||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||||||||||
Allocation of fault | 35.00% | 35.00% | ||||||||||||||||||||
Punitive damages | $ 300,000 | |||||||||||||||||||||
Litigation settlement, amount | $ 2,900,000 | |||||||||||||||||||||
RJR Tobacco | Sheffield | ||||||||||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||||||||||
Allocation of fault | 60.00% | 60.00% | ||||||||||||||||||||
Punitive damages | $ 5,000,000 | |||||||||||||||||||||
RJR Tobacco | Maloney | ||||||||||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||||||||||
Allocation of fault | 50.00% | 50.00% | ||||||||||||||||||||
Compensatory damages | $ 1,650,000 | |||||||||||||||||||||
RJR Tobacco | Thomas | ||||||||||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||||||||||
Allocation of fault | 55.00% | 55.00% | ||||||||||||||||||||
Compensatory damages | $ 4,000,000 | |||||||||||||||||||||
RJR Tobacco, B&W and/or Lorillard Tobacco | Non-Engle Progeny Individual Smoking And Health Cases | ||||||||||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||||||||||
Number of cases tried | LegalMatter | 0 | |||||||||||||||||||||
RJR Tobacco Indemnitee or Three | ||||||||||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||||||||||
Number of cases pending | LegalMatter | 104 | |||||||||||||||||||||
RJR Tobacco Indemnitee or Three | Individual Smoking And Health Cases | ||||||||||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||||||||||
Number of cases pending | LegalMatter | 1 | |||||||||||||||||||||
RJR Tobacco and Other Manufacturer | Major | ||||||||||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||||||||||
Allocation of fault | 33.00% | |||||||||||||||||||||
Compensatory damages | $ 17,740,000 | |||||||||||||||||||||
Reynolds Defendants | Various Smokeless Manufacturers | ||||||||||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||||||||||
Number of claims | Claim | 14 | |||||||||||||||||||||
Philip Morris | Engle | ||||||||||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||||||||||
Litigation settlement, amount | $ 42,500,000 |
Verdicts in Individual Engle Pr
Verdicts in Individual Engle Progeny Cases have been Tried and Remain Pending (Detail) - USD ($) | Jul. 28, 2017 | Jun. 30, 2017 | May 11, 2017 | Apr. 20, 2017 | Mar. 29, 2017 | Mar. 28, 2017 | Mar. 13, 2017 | Feb. 23, 2017 | Feb. 15, 2017 | Dec. 16, 2016 | Nov. 16, 2016 | Nov. 10, 2016 | Nov. 03, 2016 | Nov. 02, 2016 | Oct. 24, 2016 | Sep. 28, 2016 | Sep. 23, 2016 | Sep. 22, 2016 | Aug. 15, 2016 | Jul. 18, 2016 | Jul. 01, 2016 | May 19, 2016 | May 16, 2016 | May 11, 2016 | Apr. 29, 2016 | Apr. 26, 2016 | Apr. 21, 2016 | Feb. 12, 2016 | Jan. 26, 2016 | Dec. 22, 2015 | Dec. 18, 2015 | Dec. 09, 2015 | Oct. 02, 2015 | Sep. 30, 2015 | Sep. 11, 2015 | Sep. 10, 2015 | Sep. 08, 2015 | Sep. 01, 2015 | Aug. 31, 2015 | Aug. 06, 2015 | Jul. 13, 2015 | Jun. 30, 2015 | Jun. 18, 2015 | May 31, 2015 | Apr. 17, 2015 | Mar. 26, 2015 | Mar. 25, 2015 | Mar. 23, 2015 | Feb. 26, 2015 | Feb. 24, 2015 | Feb. 11, 2015 | Jan. 29, 2015 | Nov. 24, 2014 | Nov. 21, 2014 | Nov. 18, 2014 | Oct. 20, 2014 | Oct. 10, 2014 | Aug. 28, 2014 | Jul. 17, 2014 | Jun. 23, 2014 | May 15, 2014 | Jul. 31, 2013 | Jun. 04, 2013 | May 31, 2013 | May 23, 2013 | Apr. 01, 2013 | Mar. 20, 2013 | Feb. 13, 2013 | Feb. 11, 2013 | Oct. 17, 2012 | May 17, 2012 | Oct. 31, 2011 | Apr. 26, 2011 | Aug. 31, 2010 | Jun. 30, 2010 | Apr. 29, 2010 | Apr. 26, 2010 | ||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages (as adjusted) | [1] | $ 202,691,090 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive Damages | 224,943,075 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Starr Blundell | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages (as adjusted) | [2] | $ 50,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Starr Blundell | RJR Tobacco | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 10.00% | 10.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Monroe | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 58.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages (as adjusted) | [2] | $ 6,380,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Monroe | RJR Tobacco | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 58.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Lourie | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 3.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages (as adjusted) | [2] | $ 137,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Lourie | Lorillard Tobacco | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 7.00% | 7.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Lourie | RJR Tobacco | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 3.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Lewis | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages (as adjusted) | [2] | $ 187,500 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Lewis | RJR Tobacco | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 25.00% | 25.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Block | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages (as adjusted) | $ 463,000 | [2] | $ 926,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive Damages | $ 800,000 | 800,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Block | RJR Tobacco | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 50.00% | 50.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Verdicts In Individual Cases Pending | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages (as adjusted) | [2] | $ 7,217,500 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive Damages | 800,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Putney | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages (as adjusted) | $ 4,500,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive Damages | $ 2,500,000 | $ 2,500,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Putney | RJR Tobacco | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 30.00% | 30.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Andy Allen | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 24.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages (as adjusted) | [1] | $ 2,475,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive Damages | $ 7,756,000 | $ 7,750,000 | $ 8,100,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Andy Allen | RJR Tobacco | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 24.00% | 45.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Calloway | Lorillard Tobacco | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 18.00% | 18.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Calloway | RJR Tobacco | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 27.00% | 27.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
James Smith | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages (as adjusted) | [1],[3] | $ 600,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive Damages | $ 20,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
James Smith | RJR Tobacco | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 55.00% | 55.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Evers | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages (as adjusted) | [1] | $ 2,950,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive Damages | $ 12,360,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Evers | Lorillard Tobacco | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 9.00% | 9.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Evers | RJR Tobacco | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 60.00% | 60.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schoeff | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages (as adjusted) | [1] | $ 7,875,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schoeff | RJR Tobacco | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 75.00% | 75.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Marotta | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages (as adjusted) | $ 3,480,000 | [1] | $ 3,480,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Marotta | RJR Tobacco | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 58.00% | 58.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Searcy | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages (as adjusted) | $ 500,000 | [1],[3] | $ 6,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive Damages | $ 1,670,000 | $ 10,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Searcy | RJR Tobacco | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 30.00% | 30.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Earl Graham | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages (as adjusted) | $ 550,000 | [1] | $ 550,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Earl Graham | RJR Tobacco | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 20.00% | 20.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Grossman | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages (as adjusted) | $ 11,514,000 | [1] | $ 484,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive Damages | $ 22,500,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Grossman | RJR Tobacco | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 75.00% | 75.00% | 25.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Burkhart | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages (as adjusted) | [1],[3] | $ 3,500,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive Damages | $ 1,750,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Burkhart | Lorillard Tobacco | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 10.00% | 10.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Burkhart | RJR Tobacco | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 25.00% | 25.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Bakst (Odom) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages (as adjusted) | $ 4,500,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Bakst (Odom) | RJR Tobacco | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 75.00% | 75.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Robinson | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 70.50% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Robinson | RJR Tobacco | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 71.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Harris | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages (as adjusted) | [1],[3] | $ 1,100,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Harris | Lorillard Tobacco | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 10.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Harris | RJR Tobacco | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 15.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Irimi | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 14.50% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Irimi | Lorillard Tobacco | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 14.50% | 14.50% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Irimi | RJR Tobacco | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 14.50% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Kerrivan | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 31.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages (as adjusted) | [1],[3] | $ 6,046,660 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive Damages | $ 9,600,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Kerrivan | RJR Tobacco | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 31.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schleider | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 70.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages (as adjusted) | $ 14,700,000 | [1] | $ 14,700,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schleider | RJR Tobacco | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 70.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Perrotto | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 20.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages (as adjusted) | [1] | $ 1,063,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Perrotto | Lorillard Tobacco | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 6.00% | 6.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Perrotto | RJR Tobacco | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 20.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ellen Gray | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 50.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages (as adjusted) | [1] | $ 3,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ellen Gray | RJR Tobacco | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 50.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sowers | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 50.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages (as adjusted) | [1] | $ 2,125,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sowers | RJR Tobacco | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 50.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Caprio | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages (as adjusted) | [1] | $ 167,700 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Caprio | Lorillard Tobacco | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 10.00% | 10.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Caprio | RJR Tobacco | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 20.00% | 20.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Zamboni | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 30.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages (as adjusted) | [1] | $ 102,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Zamboni | RJR Tobacco | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 30.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pollari | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 42.50% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages (as adjusted) | $ 4,250,000 | [1] | $ 10,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive Damages | $ 1,500,000 | $ 1,500,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pollari | RJR Tobacco | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 42.50% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gore | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages (as adjusted) | [1] | $ 460,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gore | RJR Tobacco | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 23.00% | 23.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ryan | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 65.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages (as adjusted) | $ 13,975,000 | [1] | $ 14,000,000 | $ 21,500,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive Damages | $ 25,000,000 | $ 25,000,000 | $ 25,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ryan | RJR Tobacco | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 65.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Hardin | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 13.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages (as adjusted) | [1] | $ 100,880 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Hardin | RJR Tobacco | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 13.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Mc Coy | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages (as adjusted) | $ 670,000 | [1] | 1,500,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive Damages | $ 6,000,000 | $ 3,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Mc Coy | Lorillard Tobacco | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 20.00% | 20.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Mc Coy | RJR Tobacco | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 25.00% | 25.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Cooper | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages (as adjusted) | [1] | $ 1,200,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Cooper | RJR Tobacco | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 40.00% | 40.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Duignan | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages (as adjusted) | $ 2,690,000 | [1],[3] | $ 6,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive Damages | $ 2,500,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Duignan | RJR Tobacco | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 30.00% | 30.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive Damages | $ 2,500,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
O'Hara | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages (as adjusted) | $ 14,700,000 | [1] | 14,700,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive Damages | $ 20,000,000 | $ 20,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
O'Hara | RJR Tobacco | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 85.00% | 85.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Marchese | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages (as adjusted) | [1] | $ 225,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive Damages | $ 250,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Marchese | RJR Tobacco | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 22.50% | 22.50% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Barbose | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages (as adjusted) | [1],[3] | $ 5,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive Damages | $ 500,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Barbose | RJR Tobacco | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 42.50% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ledoux | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages (as adjusted) | $ 5,000,000 | [1],[3] | $ 10,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive Damages | $ 12,500,000 | $ 12,500,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ledoux | RJR Tobacco | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 47.00% | 47.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ewing | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 2.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages (as adjusted) | [1] | $ 4,800 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ewing | RJR Tobacco | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 2.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ahrens | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages (as adjusted) | [1],[3] | $ 5,800,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive Damages | $ 2,500,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ahrens | RJR Tobacco | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 44.00% | 44.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Turner | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages (as adjusted) | [1] | $ 2,400,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive Damages | $ 10,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Turner | RJR Tobacco | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 80.00% | 80.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Enochs | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages (as adjusted) | [1] | $ 13,860,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive Damages | $ 6,250,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Enochs | RJR Tobacco | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 66.00% | 66.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Dion | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages (as adjusted) | [1],[3] | $ 12,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive Damages | $ 30,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Dion | RJR Tobacco | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 75.00% | 75.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Nally | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages (as adjusted) | [1],[3] | $ 6,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive Damages | $ 12,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Nally | RJR Tobacco | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 75.00% | 75.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
McCabe | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages (as adjusted) | [1] | $ 1,500,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive Damages | $ 6,500,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
McCabe | RJR Tobacco | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 30.00% | 30.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sermons | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages (as adjusted) | [1] | $ 3,250 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive Damages | $ 17,075 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sermons | RJR Tobacco | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 5.00% | 5.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Mathis | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages (as adjusted) | [1],[3] | $ 5,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Mathis | RJR Tobacco | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 55.00% | 55.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Oshinsky-Blacker | RJR Tobacco | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 25.00% | 25.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sherry Smith | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages (as adjusted) | [1],[3] | $ 3,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sherry Smith | RJR Tobacco | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 65.00% | 65.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Prentice | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages (as adjusted) | [1] | $ 2,560,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Prentice | RJR Tobacco | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 40.00% | 40.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Konzelman | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages (as adjusted) | [1] | $ 7,476,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive Damages | $ 20,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Konzelman | RJR Tobacco | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 85.00% | 85.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ledo | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages (as adjusted) | [1] | $ 2,940,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ledo | RJR Tobacco | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 49.00% | 49.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Johnston | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages (as adjusted) | [1] | $ 6,750,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive Damages | $ 14,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Johnston | RJR Tobacco | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 90.00% | 90.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Howles | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages (as adjusted) | [1] | $ 2,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive Damages | $ 3,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Howles | RJR Tobacco | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 50.00% | 50.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ford | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages (as adjusted) | [1] | $ 153,400 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ford | RJR Tobacco | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 15.00% | 15.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages (as adjusted) | $ 153,400 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Martin | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages (as adjusted) | [1] | $ 1,190,400 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive Damages | $ 200,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Martin | RJR Tobacco | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 22.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pardue | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages (as adjusted) | [1],[3] | $ 3,467,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive Damages | $ 6,750,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pardue | RJR Tobacco | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 50.00% | 50.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
John Brown | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages (as adjusted) | [1],[3] | $ 2,700,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive Damages | $ 200,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
John Brown | RJR Tobacco | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 35.00% | 35.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fox | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages (as adjusted) | [1] | $ 3,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fox | RJR Tobacco | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 50.00% | 50.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Maloney | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages (as adjusted) | [1] | $ 1,650,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Maloney | RJR Tobacco | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 50.00% | 50.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Thomas | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages (as adjusted) | [1] | $ 2,200,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Thomas | RJR Tobacco | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 55.00% | 55.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Whitmire | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages (as adjusted) | [1] | $ 3,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Whitmire | RJR Tobacco | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 67.00% | 67.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Santoro | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages (as adjusted) | [1] | $ 417,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive Damages | $ 90,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Santoro | RJR Tobacco | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 26.00% | 26.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Lima | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages (as adjusted) | [1] | $ 1,800,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive Damages | $ 12,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Lima | RJR Tobacco | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 60.00% | 60.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sheffield | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages (as adjusted) | [1] | $ 1,800,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive Damages | $ 5,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sheffield | RJR Tobacco | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 60.00% | 60.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
[1] | Unless otherwise noted, compensatory damages in these cases are adjusted to reflect the jury’s allocation of comparative fault. Punitive damages are not so adjusted. The amounts listed above do not include attorneys’ fees or statutory interest that may apply to the judgments and such fees and interest may be material. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
[2] | Compensatory damages are adjusted to reflect the reduction that may be required by the allocation of fault. Punitive damages are not adjusted and reflect the amount of the final judgment(s) signed by the trial court judge(s). The amount listed above does not include attorneys’ fees or statutory interest of approximately $3.6 million in Starr-Blundell, Monroe, Lourie, Lewis and Block or approximately $1.6 million in attorneys’ fees and statutory interest in Ward. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
[3] | The court did not apply comparative fault in the final judgment. |
Verdicts in Individual Engle 54
Verdicts in Individual Engle Progeny Cases have been Tried and Remain Pending (Parenthetical) (Detail) $ in Millions | Jun. 30, 2017USD ($) |
Starr Blundell , Monroe, Lourie, Lewis and Block | |
Loss Contingencies [Line Items] | |
Accrued for attorney fees and interest | $ 3.6 |
Ward | |
Loss Contingencies [Line Items] | |
Accrued for attorney fees and interest | $ 1.6 |
Commitments and Contingencies55
Commitments and Contingencies - Additional Information 3 (Detail) - USD ($) | 3 Months Ended | |||||||||
Mar. 31, 2017 | Jun. 30, 2017 | Aug. 31, 2016 | Jul. 31, 2013 | Aug. 31, 2010 | Jun. 30, 2010 | Apr. 29, 2010 | Apr. 26, 2010 | |||
Loss Contingencies [Line Items] | ||||||||||
Compensatory damages (as adjusted) | [1] | $ 202,691,090 | ||||||||
Punitive damages - adjusted | 224,943,075 | |||||||||
Outstanding Judgments | 427,634,165 | |||||||||
Putney | ||||||||||
Loss Contingencies [Line Items] | ||||||||||
Compensatory damages (as adjusted) | $ 4,500,000 | |||||||||
Punitive damages - adjusted | $ 2,500,000 | $ 2,500,000 | ||||||||
Punitive damages | $ 2,500,000 | |||||||||
Allocation of fault to plaintiff | 35.00% | |||||||||
Compensatory damages | $ 15,100,000 | |||||||||
Putney | RJR Tobacco | ||||||||||
Loss Contingencies [Line Items] | ||||||||||
Punitive damages | $ 2,500,000 | |||||||||
Allocation of fault | 30.00% | 30.00% | ||||||||
Putney | Philip Morris | ||||||||||
Loss Contingencies [Line Items] | ||||||||||
Punitive damages | $ 2,500,000 | |||||||||
Putney | Other Defendant | ||||||||||
Loss Contingencies [Line Items] | ||||||||||
Allocation of fault | 35.00% | |||||||||
Grossman | ||||||||||
Loss Contingencies [Line Items] | ||||||||||
Compensatory damages (as adjusted) | $ 11,514,000 | [1] | $ 484,000 | |||||||
Punitive damages - adjusted | $ 22,500,000 | |||||||||
Punitive damages | $ 22,500,000 | |||||||||
Allocation of fault to plaintiff | 25.00% | 70.00% | ||||||||
Compensatory damages | $ 15,350,000 | $ 1,900,000 | ||||||||
Grossman | RJR Tobacco | ||||||||||
Loss Contingencies [Line Items] | ||||||||||
Allocation of fault | 75.00% | 75.00% | 25.00% | |||||||
Filed motion for rehearing denied date | Mar. 16, 2017 | |||||||||
Grossman | Other Defendant | ||||||||||
Loss Contingencies [Line Items] | ||||||||||
Allocation of fault | 5.00% | |||||||||
[1] | Unless otherwise noted, compensatory damages in these cases are adjusted to reflect the jury’s allocation of comparative fault. Punitive damages are not so adjusted. The amounts listed above do not include attorneys’ fees or statutory interest that may apply to the judgments and such fees and interest may be material. |
Commitments and Contingencies56
Commitments and Contingencies - Additional Information 4 (Detail) - USD ($) | Jun. 30, 2017 | Aug. 31, 2015 | Nov. 26, 2014 | Nov. 24, 2014 | Oct. 31, 2011 | May 31, 2011 | Apr. 26, 2011 |
Loss Contingencies [Line Items] | |||||||
Punitive damages - adjusted | $ 224,943,075 | ||||||
Andy Allen | |||||||
Loss Contingencies [Line Items] | |||||||
Punitive damages | $ 7,750,000 | $ 17,000,000 | |||||
Punitive damages - adjusted | $ 7,756,000 | $ 7,750,000 | $ 8,100,000 | ||||
Allocation of fault to plaintiff | 70.00% | 40.00% | |||||
Allocation of fault | 24.00% | ||||||
Compensatory damages | $ 3,100,000 | $ 6,000,000 | |||||
Total damages | $ 3,100,000 | $ 19,700,000 | |||||
Andy Allen | RJR Tobacco | |||||||
Loss Contingencies [Line Items] | |||||||
Allocation of fault | 24.00% | 45.00% | |||||
Andy Allen | Other Defendant | |||||||
Loss Contingencies [Line Items] | |||||||
Allocation of fault | 6.00% | 15.00% |
Commitments and Contingencies57
Commitments and Contingencies - Additional Information 5 (Detail) - Calloway - USD ($) $ in Thousands | Jun. 30, 2017 | May 31, 2012 | May 17, 2012 |
Loss Contingencies [Line Items] | |||
Compensatory damages | $ 20,500 | ||
Allocation of fault to plaintiff | 20.50% | ||
Share of damages | $ 25,000 | ||
Lorillard Tobacco | |||
Loss Contingencies [Line Items] | |||
Allocation of fault | 18.00% | 18.00% | |
Punitive damages | 12,600 | ||
Other Defendant | |||
Loss Contingencies [Line Items] | |||
Allocation of fault | 34.50% | ||
RJR Tobacco | |||
Loss Contingencies [Line Items] | |||
Allocation of fault | 27.00% | 27.00% | |
Punitive damages | $ 17,250 |
Commitments and Contingencies58
Commitments and Contingencies - Additional Information 6 (Detail) - James Smith - USD ($) $ in Thousands | Jun. 30, 2017 | Oct. 18, 2012 | Oct. 17, 2012 |
Loss Contingencies [Line Items] | |||
Punitive damages | $ 20 | ||
Allocation of fault to plaintiff | 45.00% | ||
Compensatory damages | $ 600 | ||
Total damages | 620 | ||
Bond | $ 620 | ||
RJR Tobacco | |||
Loss Contingencies [Line Items] | |||
Allocation of fault | 55.00% | 55.00% |
Commitments and Contingencies59
Commitments and Contingencies - Additional Information 7 (Detail) - USD ($) | Jun. 30, 2017 | Apr. 11, 2016 | Mar. 14, 2016 | Nov. 30, 2013 | Sep. 30, 2013 | Apr. 30, 2013 | Apr. 01, 2013 | Mar. 20, 2013 | Feb. 14, 2013 | Feb. 13, 2013 | Feb. 12, 2013 | Feb. 11, 2013 | ||
Loss Contingencies [Line Items] | ||||||||||||||
Compensatory damages (as adjusted) | [1] | $ 202,691,090 | ||||||||||||
Punitive damages - adjusted | 224,943,075 | |||||||||||||
Evers | ||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||
Allocation of fault to plaintiff | 31.00% | |||||||||||||
Compensatory damages | $ 2,950,000 | $ 3,230,000 | ||||||||||||
Punitive damages | $ 12,360,000 | $ 12,360,000 | ||||||||||||
Compensatory damages (as adjusted) | [1] | 2,950,000 | ||||||||||||
Punitive damages - adjusted | $ 12,360,000 | |||||||||||||
Evers | Lorillard Tobacco | ||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||
Allocation of fault | 9.00% | 9.00% | ||||||||||||
Total damages | $ 266,000 | |||||||||||||
Evers | RJR Tobacco | ||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||
Allocation of fault | 60.00% | 60.00% | ||||||||||||
Total damages | $ 1,770,000 | |||||||||||||
Bond | $ 5,000,000 | |||||||||||||
Schoeff | ||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||
Allocation of fault to plaintiff | 25.00% | |||||||||||||
Compensatory damages | $ 10,500,000 | |||||||||||||
Punitive damages | $ 30,000,000 | $ 30,000,000 | ||||||||||||
Total damages | $ 7,880,000 | |||||||||||||
Compensatory damages (as adjusted) | [1] | $ 7,875,000 | ||||||||||||
Schoeff | RJR Tobacco | ||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||
Allocation of fault | 75.00% | 75.00% | ||||||||||||
Marotta | ||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||
Allocation of fault to plaintiff | 42.00% | |||||||||||||
Compensatory damages | $ 6,000,000 | |||||||||||||
Compensatory damages (as adjusted) | $ 3,480,000 | [1] | $ 3,480,000 | |||||||||||
Marotta | RJR Tobacco | ||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||
Allocation of fault | 58.00% | 58.00% | ||||||||||||
Searcy | ||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||
Allocation of fault to plaintiff | 40.00% | |||||||||||||
Compensatory damages | $ 6,000,000 | |||||||||||||
Punitive damages | 10,000,000 | |||||||||||||
Bond | $ 2,200,000 | |||||||||||||
Compensatory damages (as adjusted) | $ 500,000 | [1],[2] | 6,000,000 | |||||||||||
Punitive damages - adjusted | $ 1,670,000 | $ 10,000,000 | ||||||||||||
Remitted compensatory damages | $ 1,000,000 | |||||||||||||
Remitted punitive damages | $ 1,670,000 | |||||||||||||
Searcy | Other Defendant | ||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||
Allocation of fault | 30.00% | |||||||||||||
Searcy | RJR Tobacco | ||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||
Allocation of fault | 30.00% | 30.00% | ||||||||||||
[1] | Unless otherwise noted, compensatory damages in these cases are adjusted to reflect the jury’s allocation of comparative fault. Punitive damages are not so adjusted. The amounts listed above do not include attorneys’ fees or statutory interest that may apply to the judgments and such fees and interest may be material. | |||||||||||||
[2] | The court did not apply comparative fault in the final judgment. |
Commitments and Contingencies60
Commitments and Contingencies - Additional Information 8 (Detail) - USD ($) | Jun. 30, 2017 | Nov. 30, 2013 | Jun. 04, 2013 | May 31, 2013 | May 23, 2013 | May 02, 2013 | ||
Loss Contingencies [Line Items] | ||||||||
Compensatory damages (as adjusted) | [1] | $ 202,691,090 | ||||||
David Cohen | ||||||||
Loss Contingencies [Line Items] | ||||||||
Allocation of fault to plaintiff | 40.00% | |||||||
Compensatory damages (as adjusted) | $ 617,000 | |||||||
Compensatory damages | $ 2,060,000 | |||||||
David Cohen | Lorillard Tobacco | ||||||||
Loss Contingencies [Line Items] | ||||||||
Allocation of fault | 20.00% | |||||||
Compensatory damages (as adjusted) | 411,000 | |||||||
David Cohen | RJR Tobacco | ||||||||
Loss Contingencies [Line Items] | ||||||||
Allocation of fault | 30.00% | |||||||
David Cohen | Other Defendant | ||||||||
Loss Contingencies [Line Items] | ||||||||
Allocation of fault | 10.00% | |||||||
Earl Graham | ||||||||
Loss Contingencies [Line Items] | ||||||||
Allocation of fault to plaintiff | 70.00% | |||||||
Compensatory damages (as adjusted) | $ 550,000 | [1] | $ 550,000 | |||||
Compensatory damages | $ 2,750,000 | |||||||
Earl Graham | RJR Tobacco | ||||||||
Loss Contingencies [Line Items] | ||||||||
Allocation of fault | 20.00% | 20.00% | ||||||
Earl Graham | Other Defendant | ||||||||
Loss Contingencies [Line Items] | ||||||||
Allocation of fault | 10.00% | |||||||
Starr Blundell | ||||||||
Loss Contingencies [Line Items] | ||||||||
Allocation of fault to plaintiff | 80.00% | |||||||
Compensatory damages (as adjusted) | [2] | $ 50,000 | ||||||
Compensatory damages | $ 500,000 | |||||||
Amount of final judgment | $ 50,000 | |||||||
Starr Blundell | RJR Tobacco | ||||||||
Loss Contingencies [Line Items] | ||||||||
Allocation of fault | 10.00% | 10.00% | ||||||
Starr Blundell | Other Defendant | ||||||||
Loss Contingencies [Line Items] | ||||||||
Allocation of fault | 10.00% | |||||||
[1] | Unless otherwise noted, compensatory damages in these cases are adjusted to reflect the jury’s allocation of comparative fault. Punitive damages are not so adjusted. The amounts listed above do not include attorneys’ fees or statutory interest that may apply to the judgments and such fees and interest may be material. | |||||||
[2] | Compensatory damages are adjusted to reflect the reduction that may be required by the allocation of fault. Punitive damages are not adjusted and reflect the amount of the final judgment(s) signed by the trial court judge(s). The amount listed above does not include attorneys’ fees or statutory interest of approximately $3.6 million in Starr-Blundell, Monroe, Lourie, Lewis and Block or approximately $1.6 million in attorneys’ fees and statutory interest in Ward. |
Commitments and Contingencies61
Commitments and Contingencies - Additional Information 10 (Detail) - Burkhart - USD ($) $ in Thousands | Jun. 30, 2017 | Jun. 30, 2014 | May 16, 2014 | May 15, 2014 |
Loss Contingencies [Line Items] | ||||
Allocation of fault to plaintiff | 50.00% | |||
Compensatory damages | $ 5,000 | |||
Lorillard Tobacco | ||||
Loss Contingencies [Line Items] | ||||
Allocation of fault | 10.00% | 10.00% | ||
Punitive damages | $ 500 | |||
Bond | $ 1,500 | |||
Other Defendant | ||||
Loss Contingencies [Line Items] | ||||
Allocation of fault | 15.00% | |||
Punitive damages | 750 | |||
RJR Tobacco | ||||
Loss Contingencies [Line Items] | ||||
Allocation of fault | 25.00% | 25.00% | ||
Punitive damages | $ 1,250 | |||
Bond | $ 3,800 |
Commitments and Contingencies62
Commitments and Contingencies - Additional Information 12 (Detail) - USD ($) | Nov. 30, 2016 | Mar. 31, 2017 | Jun. 30, 2017 | Jan. 27, 2015 | Jul. 31, 2014 | Jul. 18, 2014 | Jul. 17, 2014 | Jun. 23, 2014 | |
Loss Contingencies [Line Items] | |||||||||
Compensatory damages (as adjusted) | [1] | $ 202,691,090 | |||||||
Bakst (Odom) | |||||||||
Loss Contingencies [Line Items] | |||||||||
Allocation of fault to plaintiff | 25.00% | ||||||||
Compensatory damages | $ 6,000,000 | ||||||||
Compensatory damages (as adjusted) | 4,500,000 | ||||||||
Punitive damages | $ 14,000,000 | ||||||||
Bakst (Odom) | RJR Tobacco | |||||||||
Loss Contingencies [Line Items] | |||||||||
Allocation of fault | 75.00% | 75.00% | |||||||
Filed motion for rehearing date | Jan. 9, 2017 | ||||||||
Robinson | |||||||||
Loss Contingencies [Line Items] | |||||||||
Allocation of fault to plaintiff | 29.50% | ||||||||
Allocation of fault | 70.50% | ||||||||
Compensatory damages | $ 16,900,000 | $ 16,900,000 | |||||||
Punitive damages | $ 23,600,000,000 | ||||||||
Filed motion for rehearing date | May 17, 2017 | ||||||||
Remitted punitive damages | $ 16,900,000 | ||||||||
Robinson | RJR Tobacco | |||||||||
Loss Contingencies [Line Items] | |||||||||
Allocation of fault | 71.00% | ||||||||
Harris | |||||||||
Loss Contingencies [Line Items] | |||||||||
Compensatory damages (as adjusted) | [1],[2] | $ 1,100,000 | |||||||
Harris | Survival claim | |||||||||
Loss Contingencies [Line Items] | |||||||||
Allocation of fault to plaintiff | 60.00% | ||||||||
Allocation of fault | 15.00% | ||||||||
Compensatory damages | $ 1,300,000 | ||||||||
Harris | Wrongful death claim | |||||||||
Loss Contingencies [Line Items] | |||||||||
Allocation of fault to plaintiff | 70.00% | ||||||||
Allocation of fault | 10.00% | ||||||||
Compensatory damages | $ 400,000 | ||||||||
Harris | Lorillard Tobacco | |||||||||
Loss Contingencies [Line Items] | |||||||||
Allocation of fault | 10.00% | ||||||||
Harris | Lorillard Tobacco | Survival claim | |||||||||
Loss Contingencies [Line Items] | |||||||||
Allocation of fault | 10.00% | ||||||||
Harris | Lorillard Tobacco | Wrongful death claim | |||||||||
Loss Contingencies [Line Items] | |||||||||
Allocation of fault | 10.00% | ||||||||
Harris | Other Defendant | Survival claim | |||||||||
Loss Contingencies [Line Items] | |||||||||
Allocation of fault | 15.00% | ||||||||
Harris | Other Defendant | Wrongful death claim | |||||||||
Loss Contingencies [Line Items] | |||||||||
Allocation of fault | 10.00% | ||||||||
Harris | RJR Tobacco | |||||||||
Loss Contingencies [Line Items] | |||||||||
Allocation of fault | 15.00% | ||||||||
[1] | Unless otherwise noted, compensatory damages in these cases are adjusted to reflect the jury’s allocation of comparative fault. Punitive damages are not so adjusted. The amounts listed above do not include attorneys’ fees or statutory interest that may apply to the judgments and such fees and interest may be material. | ||||||||
[2] | The court did not apply comparative fault in the final judgment. |
Commitments and Contingencies63
Commitments and Contingencies - Additional Information 13 (Detail) - USD ($) $ in Thousands | Jun. 30, 2017 | Oct. 22, 2014 | Oct. 20, 2014 | Oct. 10, 2014 | Aug. 28, 2014 |
Irimi | |||||
Loss Contingencies [Line Items] | |||||
Allocation of fault to plaintiff | 70.00% | ||||
Allocation of fault | 14.50% | ||||
Compensatory damages | $ 3,100 | ||||
Total damages | $ 453 | ||||
Irimi | Lorillard Tobacco | |||||
Loss Contingencies [Line Items] | |||||
Allocation of fault | 14.50% | 14.50% | |||
Total damages | $ 453 | ||||
Irimi | Other Defendant | |||||
Loss Contingencies [Line Items] | |||||
Allocation of fault | 1.00% | ||||
Total damages | $ 31 | ||||
Lourie | |||||
Loss Contingencies [Line Items] | |||||
Allocation of fault to plaintiff | 63.00% | ||||
Allocation of fault | 3.00% | ||||
Compensatory damages | $ 1,370 | ||||
Lourie | Lorillard Tobacco | |||||
Loss Contingencies [Line Items] | |||||
Allocation of fault | 7.00% | 7.00% | |||
Lourie | Other Defendant | |||||
Loss Contingencies [Line Items] | |||||
Allocation of fault | 27.00% | ||||
Kerrivan | |||||
Loss Contingencies [Line Items] | |||||
Allocation of fault to plaintiff | 19.00% | ||||
Allocation of fault | 31.00% | ||||
Compensatory damages | $ 15,800 | ||||
Punitive damages | $ 9,600 | ||||
Kerrivan | Other Defendant | |||||
Loss Contingencies [Line Items] | |||||
Allocation of fault | 50.00% | ||||
Punitive damages | $ 15,700 |
Commitments and Contingencies64
Commitments and Contingencies - Additional Information 14 (Detail) | Jun. 29, 2017USD ($) | Oct. 31, 1997USD ($) | Jul. 28, 2017USD ($) | Jun. 30, 2017USD ($)LegalMatter | Jun. 06, 2017USD ($) | May 12, 2017USD ($) | May 11, 2017USD ($) | May 09, 2017USD ($) | Apr. 26, 2017USD ($) | Apr. 25, 2017USD ($) | Apr. 24, 2017USD ($) | Apr. 21, 2017USD ($) | Apr. 20, 2017USD ($) | Apr. 06, 2017USD ($) | Apr. 05, 2017USD ($) | Mar. 31, 2017USD ($) | Mar. 29, 2017USD ($) | Mar. 28, 2017USD ($) | Mar. 13, 2017USD ($) | Mar. 09, 2017USD ($) | Mar. 08, 2017USD ($) | Feb. 27, 2017USD ($) | Feb. 23, 2017USD ($) | Feb. 17, 2017USD ($) | Feb. 15, 2017USD ($) | Jan. 31, 2017USD ($) | Dec. 29, 2016USD ($) | Dec. 22, 2016USD ($) | Dec. 19, 2016USD ($) | Dec. 16, 2016USD ($) | Dec. 01, 2016USD ($) | Nov. 28, 2016USD ($) | Nov. 18, 2016USD ($) | Nov. 16, 2016USD ($) | Nov. 14, 2016USD ($) | Nov. 10, 2016USD ($) | Nov. 05, 2016USD ($) | Nov. 03, 2016USD ($) | Nov. 02, 2016USD ($) | Oct. 26, 2016USD ($) | Oct. 24, 2016USD ($) | Sep. 30, 2016USD ($) | Sep. 29, 2016USD ($) | Sep. 28, 2016USD ($) | Sep. 23, 2016USD ($) | Sep. 22, 2016USD ($) | Aug. 15, 2016USD ($) | Aug. 09, 2016USD ($) | Jul. 31, 2016USD ($) | Jul. 18, 2016USD ($) | Jul. 06, 2016USD ($) | Jul. 01, 2016USD ($) | May 31, 2016USD ($) | May 27, 2016USD ($) | May 25, 2016USD ($) | May 20, 2016USD ($) | May 19, 2016USD ($) | May 17, 2016USD ($) | May 16, 2016USD ($) | May 12, 2016USD ($) | May 11, 2016USD ($) | May 09, 2016USD ($) | Apr. 29, 2016USD ($) | Apr. 27, 2016USD ($) | Apr. 26, 2016USD ($) | Apr. 22, 2016USD ($) | Apr. 21, 2016USD ($) | Apr. 13, 2016USD ($) | Mar. 31, 2016USD ($) | Feb. 29, 2016USD ($) | Feb. 13, 2016USD ($) | Feb. 12, 2016USD ($) | Jan. 26, 2016USD ($) | Jan. 12, 2016USD ($) | Jan. 04, 2016USD ($) | Dec. 31, 2015USD ($) | Dec. 22, 2015USD ($) | Dec. 18, 2015USD ($) | Dec. 09, 2015USD ($) | Nov. 18, 2015USD ($) | Nov. 17, 2015USD ($) | Oct. 06, 2015USD ($) | Oct. 02, 2015USD ($) | Sep. 30, 2015USD ($) | Sep. 11, 2015USD ($) | Sep. 10, 2015USD ($) | Sep. 08, 2015USD ($) | Sep. 01, 2015USD ($) | Aug. 31, 2015USD ($) | Aug. 07, 2015USD ($) | Aug. 06, 2015USD ($) | Jul. 17, 2015USD ($) | Jul. 13, 2015USD ($) | Jun. 30, 2015USD ($) | Jun. 18, 2015USD ($) | May 31, 2015USD ($) | Apr. 21, 2015USD ($) | Apr. 17, 2015USD ($) | Mar. 26, 2015USD ($) | Mar. 25, 2015USD ($) | Mar. 23, 2015USD ($) | Feb. 28, 2015USD ($) | Feb. 26, 2015USD ($) | Feb. 24, 2015USD ($) | Feb. 12, 2015USD ($) | Feb. 11, 2015USD ($) | Jan. 29, 2015USD ($) | Nov. 21, 2014USD ($) | Nov. 18, 2014USD ($) | ||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages (as adjusted) | [1] | $ 202,691,090 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive damages - adjusted | 224,943,075 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schleider | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault to plaintiff | 30.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 70.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages | $ 21,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages (as adjusted) | $ 14,700,000 | [1] | $ 14,700,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Bond | 5,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schleider | RJR Tobacco | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 70.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Perrotto | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault to plaintiff | 49.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 20.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages | $ 4,100,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages (as adjusted) | [1] | $ 1,063,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total damages | $ 818,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Perrotto | RJR Tobacco | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 20.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Perrotto | Lorillard Tobacco | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 6.00% | 6.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total damages | $ 245,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Perrotto | Other Defendant | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 25.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ellen Gray | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault to plaintiff | 50.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 50.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages | $ 6,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages (as adjusted) | [1] | $ 3,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total damages | $ 3,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive damages | $ 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ellen Gray | RJR Tobacco | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 50.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sowers | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault to plaintiff | 50.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 50.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages | $ 4,250,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages (as adjusted) | [1] | $ 2,125,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total damages | $ 2,130,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive damages | $ 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sowers | RJR Tobacco | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 50.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Caprio | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault to plaintiff | 40.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages (as adjusted) | [1] | $ 167,700 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Economic damages | $ 559,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Caprio | RJR Tobacco | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 20.00% | 20.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Caprio | Lorillard Tobacco | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 10.00% | 10.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Caprio | Other Defendant | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 30.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Zamboni | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault to plaintiff | 60.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 30.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages | $ 340,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages (as adjusted) | [1] | $ 102,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive damages | $ 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Zamboni | RJR Tobacco | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 30.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Zamboni | Other Defendant | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 10.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pollari | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault to plaintiff | 15.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 42.50% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages | $ 4,250,000 | $ 10,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages (as adjusted) | $ 4,250,000 | [1] | $ 10,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Bond | 2,500,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive damages | $ 1,500,000 | 1,500,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive damages - adjusted | $ 1,500,000 | $ 1,500,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pollari | RJR Tobacco | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 42.50% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pollari | Other Defendant | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 42.50% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gore | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault to plaintiff | 54.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages | $ 2,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages (as adjusted) | [1] | $ 460,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Bond | $ 460,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total damages | 460,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gore | RJR Tobacco | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 23.00% | 23.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gore | Other Defendant | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 23.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ryan | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault to plaintiff | 35.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 65.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages | $ 21,500,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages (as adjusted) | $ 13,975,000 | [1] | $ 14,000,000 | $ 21,500,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Bond | $ 5,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive damages | $ 25,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive damages - adjusted | $ 25,000,000 | $ 25,000,000 | $ 25,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ryan | RJR Tobacco | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 65.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Mc Coy | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault to plaintiff | 35.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages | $ 1,500,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages (as adjusted) | $ 670,000 | [1] | $ 1,500,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Bond | $ 3,350,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive damages | $ 3,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive damages - adjusted | $ 6,000,000 | $ 3,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Mc Coy | RJR Tobacco | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 25.00% | 25.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages | 370,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive damages | 3,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Mc Coy | Lorillard Tobacco | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 20.00% | 20.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages | 300,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive damages | 3,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Mc Coy | Other Defendant | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 20.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages | 300,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive damages | $ 3,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Hardin | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault to plaintiff | 87.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 13.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages | $ 776,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages (as adjusted) | [1] | $ 100,880 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total damages | $ 100,880 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive damages | $ 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Hardin | RJR Tobacco | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 13.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Block | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault to plaintiff | 50.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages | $ 463,000 | $ 1,030,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages (as adjusted) | $ 463,000 | [2] | 926,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Bond | 1,300,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive damages | $ 800,000 | $ 800,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive damages - adjusted | $ 800,000 | 800,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Block | RJR Tobacco | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 50.00% | 50.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Lewis | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault to plaintiff | 75.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages | $ 750,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages (as adjusted) | [2] | $ 187,500 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Bond | $ 187,500 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total damages | $ 187,500 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Lewis | RJR Tobacco | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 25.00% | 25.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Cooper | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault to plaintiff | 50.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages | $ 1,200,000 | $ 4,500,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages (as adjusted) | [1] | $ 1,200,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Bond | 1,200,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Cooper | RJR Tobacco | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 40.00% | 40.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Cooper | Other Defendant | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 10.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Duignan | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault to plaintiff | 33.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages | $ 6,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages (as adjusted) | $ 2,690,000 | [1],[3] | $ 6,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Bond | 2,300,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive damages - adjusted | $ 2,500,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Duignan | RJR Tobacco | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 30.00% | 30.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive damages | 2,500,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive damages - adjusted | 2,500,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Duignan | Other Defendant | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 37.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive damages | 3,500,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive damages - adjusted | 3,500,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
O'Hara | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault to plaintiff | 15.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages | $ 14,700,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages (as adjusted) | $ 14,700,000 | [1] | 14,700,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Bond | 5,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive damages | $ 20,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive damages - adjusted | $ 20,000,000 | $ 20,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
O'Hara | RJR Tobacco | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 85.00% | 85.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Marchese | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault to plaintiff | 55.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages | $ 450,000 | $ 1,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages (as adjusted) | [1] | $ 225,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Bond | $ 475,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive damages | 250,000 | $ 250,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive damages - adjusted | $ 250,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Marchese | RJR Tobacco | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 22.50% | 22.50% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Marchese | Other Defendant | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 22.50% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Barbose | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault to plaintiff | 15.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages | $ 10,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages (as adjusted) | [1],[3] | $ 5,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Bond | $ 2,500,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive damages | $ 500,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive damages - adjusted | $ 500,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Barbose | RJR Tobacco | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 42.50% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Barbose | R J R Tobacco Indemnitee Or Both | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 42.50% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Barbose | Other Defendant | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 42.50% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Monroe | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault to plaintiff | 42.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 58.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages | $ 11,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages (as adjusted) | [2] | $ 6,380,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Bond | $ 5,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Monroe | RJR Tobacco | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 58.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Monroe | R J R Tobacco Indemnitee Or Both | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages | $ 6,380,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ledoux | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault to plaintiff | 6.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages | $ 10,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages (as adjusted) | $ 5,000,000 | [1],[3] | $ 10,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Bond | $ 5,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive damages | 12,500,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive damages - adjusted | $ 12,500,000 | $ 12,500,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ledoux | Minimum | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Bond | 5,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ledoux | Maximum | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Bond | $ 2,500,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ledoux | RJR Tobacco | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 47.00% | 47.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ledoux | Other Defendant | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 47.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ewing | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault to plaintiff | 98.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 2.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages | $ 240,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages (as adjusted) | [1] | $ 4,800 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ewing | RJR Tobacco | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 2.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ewing | Other Defendant | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 0.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ahrens | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault to plaintiff | 32.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages | $ 9,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages (as adjusted) | [1],[3] | $ 5,800,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Bond | $ 2,500,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive damages | $ 2,500,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive damages - adjusted | $ 2,500,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ahrens | RJR Tobacco | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 44.00% | 44.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ahrens | Other Defendant | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 24.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Turner | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault to plaintiff | 20.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages | $ 3,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages (as adjusted) | [1] | $ 2,400,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive damages | $ 10,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive damages - adjusted | $ 10,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Turner | RJR Tobacco | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 80.00% | 80.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages | 2,400,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Bond | $ 5,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive damages | $ 10,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Enochs | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault to plaintiff | 22.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages | $ 13,900,000 | $ 21,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages (as adjusted) | [1] | $ 13,860,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Bond | $ 3,500,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive damages | $ 6,250,000 | $ 6,250,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive damages - adjusted | $ 6,250,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Enochs | RJR Tobacco | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 66.00% | 66.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Enochs | Other Defendant | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 12.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Dion | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault to plaintiff | 25.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages | $ 12,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages (as adjusted) | [1],[3] | $ 12,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Bond | $ 5,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive damages | $ 30,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive damages - adjusted | $ 30,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Dion | RJR Tobacco | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 75.00% | 75.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Nally | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault to plaintiff | 25.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages | $ 6,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages (as adjusted) | [1],[3] | $ 6,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Bond | $ 5,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive damages | $ 12,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive damages - adjusted | $ 12,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Nally | RJR Tobacco | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 75.00% | 75.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages | $ 6,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive damages | $ 12,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
McCabe | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault to plaintiff | 70.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages | $ 5,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages (as adjusted) | [1] | $ 1,500,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive damages | $ 6,500,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive damages - adjusted | $ 6,500,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
McCabe | RJR Tobacco | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 30.00% | 30.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages | $ 1,500,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Bond | $ 5,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive damages | $ 6,500,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sermons | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault to plaintiff | 80.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages | $ 65,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages (as adjusted) | [1] | $ 3,250 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive damages - adjusted | $ 17,075 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sermons | RJR Tobacco | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 5.00% | 5.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive damages | $ 17,075 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sermons | Other Defendant | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 15.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive damages | $ 51,225 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Mathis | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages (as adjusted) | [1],[3] | $ 5,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Mathis | RJR Tobacco | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault to plaintiff | 45.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 55.00% | 55.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages | $ 5,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Bond | $ 5,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Oshinsky-Blacker | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault to plaintiff | 15.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages | $ 6,150,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive damages | $ 1,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Oshinsky-Blacker | RJR Tobacco | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 25.00% | 25.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive damages | $ 2,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Oshinsky-Blacker | Other Defendant | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 60.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sherry Smith | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault to plaintiff | 35.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages | $ 3,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages (as adjusted) | [1],[3] | $ 3,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive damages | $ 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sherry Smith | RJR Tobacco | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 65.00% | 65.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Bond | $ 3,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total damages | $ 3,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Prentice | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault to plaintiff | 60.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages | $ 6,400,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages (as adjusted) | [1] | $ 2,560,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive damages | $ 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Prentice | RJR Tobacco | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 40.00% | 40.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages | $ 6,400,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Konzelman | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault to plaintiff | 15.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages | $ 8,800,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages (as adjusted) | [1] | $ 7,476,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive damages | $ 20,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive damages - adjusted | $ 20,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Konzelman | RJR Tobacco | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 85.00% | 85.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages | $ 7,480,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Bond | $ 5,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive damages | $ 20,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Johnston | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault to plaintiff | 10.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages | $ 6,750,000 | $ 7,500,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages (as adjusted) | [1] | $ 6,750,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive damages | $ 14,000,000 | $ 14,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive damages - adjusted | $ 14,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Johnston | RJR Tobacco | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 90.00% | 90.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Bond | $ 5,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ledo | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault to plaintiff | 51.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages | $ 2,940,000 | $ 6,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages (as adjusted) | [1] | $ 2,940,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ledo | RJR Tobacco | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 49.00% | 49.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Howles | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages | $ 4,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages (as adjusted) | [1] | $ 2,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive damages - adjusted | $ 3,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Howles | RJR Tobacco | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 50.00% | 50.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages | $ 2,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive damages | 3,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Howles | Other Defendant | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 50.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages | 3,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive damages | $ 3,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ford | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault to plaintiff | 85.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages | $ 1,020,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages (as adjusted) | [1] | $ 153,400 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ford | RJR Tobacco | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 15.00% | 15.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages (as adjusted) | $ 153,400 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Stanley Martin | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault to plaintiff | 32.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages | $ 5,410,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Stanley Martin | RJR Tobacco | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 22.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages | 1,200,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Bond | $ 1,400,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive damages | 200,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Stanley Martin | Other Defendant | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 46.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages | 2,500,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive damages | $ 450,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pardue | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault to plaintiff | 25.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages | $ 5,900,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages (as adjusted) | [1],[3] | $ 3,467,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive damages | $ 6,750,000 | $ 6,750,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive damages - adjusted | $ 6,750,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pardue | RJR Tobacco | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 50.00% | 50.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages | $ 5,200,000 | $ 5,900,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Bond | $ 2,500,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive damages | $ 6,750,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pardue | Other Defendant | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 25.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive damages | $ 6,750,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
John Brown | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault to plaintiff | 30.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages | $ 5,400,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages (as adjusted) | [1],[3] | $ 2,700,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive damages - adjusted | $ 200,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
John Brown | RJR Tobacco | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 35.00% | 35.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive damages | $ 200,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
John Brown | Other Defendant | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 35.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive damages | $ 200,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fox | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault to plaintiff | 50.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages | $ 6,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages (as adjusted) | [1] | $ 3,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive damages | $ 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fox | RJR Tobacco | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 50.00% | 50.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Whitmire | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault to plaintiff | 33.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages | $ 3,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages (as adjusted) | [1] | $ 3,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Whitmire | RJR Tobacco | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 67.00% | 67.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages | $ 3,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Bond | $ 3,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Santoro | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault to plaintiff | 36.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages | $ 1,600,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages (as adjusted) | [1] | $ 417,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive damages - adjusted | $ 90,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Santoro | RJR Tobacco | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 26.00% | 26.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive damages | $ 507,300 | $ 90,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Santoro | Other Defendant | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 38.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive damages | $ 724,900 | $ 115,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Lima | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault to plaintiff | 40.00% | 40.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages | $ 3,000,000 | $ 3,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages (as adjusted) | [1] | 1,800,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive damages - adjusted | $ 12,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Lima | RJR Tobacco | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 60.00% | 60.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages | $ 1,800,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive damages | $ 12,000,000 | $ 12,000,000 | $ 12,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Lima | Other Defendant | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 0.00% | 0.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Shadd | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault to plaintiff | 95.00% | 95.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages | $ 0 | $ 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive damages | $ 0 | $ 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Shadd | RJR Tobacco | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 5.00% | 5.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Lawrence | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault to plaintiff | 65.00% | 65.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages | $ 858,200 | $ 858,200 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Lawrence | RJR Tobacco | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 35.00% | 35.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive damages | $ 300,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Litigation settlement, amount | $ 2,900,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sheffield | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault to plaintiff | 40.00% | 40.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages | $ 1,800,000 | $ 1,800,000 | $ 1,800,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages (as adjusted) | [1] | 1,800,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive damages | 5,000,000 | 5,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive damages - adjusted | $ 5,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sheffield | RJR Tobacco | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 60.00% | 60.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive damages | $ 5,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Maloney | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault to plaintiff | 50.00% | 50.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages | $ 1,650,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages (as adjusted) | [1] | 1,650,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive damages | $ 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Maloney | RJR Tobacco | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 50.00% | 50.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages | $ 1,650,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Thomas | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault to plaintiff | 45.00% | 45.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages | $ 4,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages (as adjusted) | [1] | 2,200,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive damages | $ 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Thomas | RJR Tobacco | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of fault | 55.00% | 55.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages | $ 4,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Broin | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Litigation settlement, amount | $ 300,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Annual installment of settlement | 100,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fees and expenses | 49,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Broin | RJR Tobacco | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Litigation settlement, amount | 86,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Broin | Brown And Williamson Holdings Inc. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Litigation settlement, amount | 31,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Broin | Lorillard Tobacco | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Litigation settlement, amount | $ 57,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Broin II | Florida | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Lawsuits pending | LegalMatter | 2,346 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
[1] | Unless otherwise noted, compensatory damages in these cases are adjusted to reflect the jury’s allocation of comparative fault. Punitive damages are not so adjusted. The amounts listed above do not include attorneys’ fees or statutory interest that may apply to the judgments and such fees and interest may be material. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
[2] | Compensatory damages are adjusted to reflect the reduction that may be required by the allocation of fault. Punitive damages are not adjusted and reflect the amount of the final judgment(s) signed by the trial court judge(s). The amount listed above does not include attorneys’ fees or statutory interest of approximately $3.6 million in Starr-Blundell, Monroe, Lourie, Lewis and Block or approximately $1.6 million in attorneys’ fees and statutory interest in Ward. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
[3] | The court did not apply comparative fault in the final judgment. |
Commitments and Contingencies65
Commitments and Contingencies - Additional Information 15 (Detail) $ in Thousands | 1 Months Ended | 6 Months Ended | 54 Months Ended | ||||||
Nov. 30, 1998LegalMatter | Jun. 30, 2017USD ($)LegalMatterCase | Jun. 30, 2017USD ($)LegalMatterCase | Sep. 19, 2016State | Jun. 30, 2016LegalMatter | Nov. 06, 2013USD ($) | Sep. 13, 2013USD ($) | Mar. 31, 2003USD ($) | Dec. 31, 1999USD ($) | |
Loss Contingencies [Line Items] | |||||||||
Number of cases pending | LegalMatter | 249 | 249 | 286 | ||||||
Claims resolved, Number | LegalMatter | 4 | ||||||||
Number of cases pending in state court | LegalMatter | 194 | 194 | |||||||
Filter Cases | Lorillard Tobacco and Lorillard, Inc. | |||||||||
Loss Contingencies [Line Items] | |||||||||
Number of cases pending | Case | 73 | 73 | |||||||
RJR Tobacco and Lorillard Tobacco | Filter Cases | |||||||||
Loss Contingencies [Line Items] | |||||||||
Litigation settlement, amount | $ 42,300 | ||||||||
Claims resolved, Number | Case | 165 | ||||||||
Light Case | Philip Morris | |||||||||
Loss Contingencies [Line Items] | |||||||||
Compensatory damages | $ 7,100,000 | ||||||||
Punitive damages | $ 3,000,000 | ||||||||
Consolidated Litigation on "Natural", "Organic" and "100% Additive-Free" Marketing | |||||||||
Loss Contingencies [Line Items] | |||||||||
Number of state's laws affected | State | 12 | ||||||||
Parsons | |||||||||
Loss Contingencies [Line Items] | |||||||||
Judgment sought against each defendant | $ 1,000 | $ 1,000 | |||||||
De Lisle | Filter Cases | |||||||||
Loss Contingencies [Line Items] | |||||||||
Compensatory damages | $ 8,000 | ||||||||
Remitted compensatory damages | $ 8,000 | ||||||||
De Lisle | Filter Cases | Hollingsworth & Vose | |||||||||
Loss Contingencies [Line Items] | |||||||||
Allocation of fault | 22.00% | ||||||||
De Lisle | Filter Cases | Other Defendant | |||||||||
Loss Contingencies [Line Items] | |||||||||
Allocation of fault | 56.00% | ||||||||
De Lisle | Filter Cases | Lorillard Tobacco | |||||||||
Loss Contingencies [Line Items] | |||||||||
Compensatory damages | $ 3,520 | ||||||||
Allocation of fault | 22.00% | ||||||||
United States v. Philip Morris USA Inc | U.S. Department of Justice Case | |||||||||
Loss Contingencies [Line Items] | |||||||||
Disgorgement charges sought | $ 280,000,000 | ||||||||
DOJ | |||||||||
Loss Contingencies [Line Items] | |||||||||
Accrued estimated cost for corrective communication | $ 20,000 | ||||||||
State Settlement Agreements | |||||||||
Loss Contingencies [Line Items] | |||||||||
Number of cases pending in state court | Case | 2 | 2 | |||||||
UNITED STATES | |||||||||
Loss Contingencies [Line Items] | |||||||||
Number of cases pending | LegalMatter | 232 | 232 | |||||||
UNITED STATES | Class Action | |||||||||
Loss Contingencies [Line Items] | |||||||||
Number of cases pending | LegalMatter | 25 | 25 |
Commitments and Contingencies R
Commitments and Contingencies Related to Settlements (Detail) | 6 Months Ended | |
Jun. 30, 2017USD ($) | ||
2015 and thereafter | ||
Master Settlement Agreement: | ||
Annual Payments | $ 8,004,000,000 | [1] |
Total | 9,364,000,000 | |
2,015 | ||
Master Settlement Agreement: | ||
Settlement expenses | 2,403,000,000 | [1],[2] |
Settlement cash payments | 2,166,000,000 | [1],[2] |
2,016 | ||
Master Settlement Agreement: | ||
Settlement expenses | 2,727,000,000 | [1],[2] |
Settlement cash payments | 3,042,000,000 | [1],[2] |
2017 | Minimum | ||
Master Settlement Agreement: | ||
Projected settlement expenses | 3,000,000,000 | [1],[2] |
Projected settlement cash payments | 2,700,000,000 | [1],[2] |
2018 and thereafter | Minimum | ||
Master Settlement Agreement: | ||
Projected settlement expenses | 3,000,000,000 | [1],[2] |
Projected settlement cash payments | 3,000,000,000 | [1],[2] |
Mississippi | 2015 and thereafter | ||
First Four States' Settlements: | ||
Annual Settlement Payment | 136,000,000 | [1] |
Florida | 2015 and thereafter | ||
First Four States' Settlements: | ||
Annual Settlement Payment | 440,000,000 | [1] |
Texas | 2015 and thereafter | ||
First Four States' Settlements: | ||
Annual Settlement Payment | 580,000,000 | [1] |
Minnesota | 2015 and thereafter | ||
First Four States' Settlements: | ||
Annual Settlement Payment | $ 204,000,000 | [1] |
[1] | Subject to adjustments for changes in sales volume, inflation, operating profit and other factors. Payments are allocated among the companies on the basis of relative market share or other methods. For further information, see “— State Settlement Agreements—Enforcement and Validity; Adjustments” below. | |
[2] | The amounts above reflect the impact of the Term Sheet and the NY State Settlement described below under “— State Settlement Agreements—Enforcement and Validity; Adjustments — Partial Settlement of Certain NPM Adjustment Claims.” |
Commitments and Contingencies67
Commitments and Contingencies - Additional Information 16 (Detail) $ in Millions | Jan. 18, 2017USD ($)Brand | Nov. 03, 2011 | Sep. 30, 2013 | Dec. 31, 2012 | Jan. 31, 2009State | Jun. 30, 2017USD ($)Case | Dec. 31, 2006State | May 31, 2006USD ($) | Nov. 30, 1998State |
Loss Contingencies [Line Items] | |||||||||
Percentage of allocable shares | 51.73% | ||||||||
Number of states involved in MSA | State | 46 | ||||||||
Philip Morris | |||||||||
Loss Contingencies [Line Items] | |||||||||
Alleged unpaid settlement payments due to settlement payment calculations | $ 40 | ||||||||
NPM Adjustment Claim For 2003 | |||||||||
Loss Contingencies [Line Items] | |||||||||
Number of states seeking declaratory orders for Qualifying Statuses | State | 37 | ||||||||
Number of states in arbitration for diligent enforcement | State | 52 | ||||||||
Courts deciding whether dispute is arbitrable | Case | 47 | ||||||||
Percentage of allocable shares | 90.00% | ||||||||
Percentage of Reduction in Ultimate Liability | 20.00% | ||||||||
Number of states involved in MSA | State | 45 | ||||||||
Combined allocable shares percentage maximum | 14.00% | ||||||||
Collectively allocable shares percentage | 14.68% | ||||||||
NPM Adjustment Claim For 2003 | Lorillard Tobacco | |||||||||
Loss Contingencies [Line Items] | |||||||||
2006 MSA Disputed Payment | $ 109 | ||||||||
NPM Adjustment Claim For 2003 | RJR Tobacco | |||||||||
Loss Contingencies [Line Items] | |||||||||
2006 MSA Disputed Payment | $ 615 | ||||||||
NPM Adjustment Claim For 2003 | Maximum | |||||||||
Loss Contingencies [Line Items] | |||||||||
Courts deciding whether dispute is arbitrable | Case | 48 | ||||||||
Florida | |||||||||
Loss Contingencies [Line Items] | |||||||||
Payment Sought Under State Settlement Agreement | $ 12.4 | ||||||||
Interest Payment Sought Under State Settlement Agreement | $ 17 | ||||||||
Florida | State Settlement Agreements | |||||||||
Loss Contingencies [Line Items] | |||||||||
Number of brand | Brand | 4 | ||||||||
Annual losses | $ 30 | ||||||||
Florida | State Settlement Agreements | Minimum | |||||||||
Loss Contingencies [Line Items] | |||||||||
Presently owed | $ 45 | ||||||||
New Mexico | NPM Adjustment Claim For 2003 | Lorillard Tobacco | |||||||||
Loss Contingencies [Line Items] | |||||||||
Reduction in recovery from claims due to modification of judgment reduction method | $ 1 | ||||||||
New Mexico | NPM Adjustment Claim For 2003 | RJR Tobacco | |||||||||
Loss Contingencies [Line Items] | |||||||||
Reduction in recovery from claims due to modification of judgment reduction method | $ 5.6 |
Commitments and Contingencies68
Commitments and Contingencies - Additional Information 17 (Detail) | Jun. 07, 2017$ / CigarettePack | Oct. 31, 2015USD ($) | Oct. 20, 2015State | Dec. 31, 2012 | Jan. 31, 2009 | Jun. 30, 2017USD ($)Plaintiff | Dec. 31, 2016USD ($) | Dec. 31, 2015USD ($) | Feb. 17, 2016USD ($) | Jun. 26, 2014State |
Loss Contingencies [Line Items] | ||||||||||
NPM Adjustment credits | $ 290,000,000 | |||||||||
Arbitration Panel ruling | $ 0 | |||||||||
NPM Adjustments remaining after settlements | $ 25,000,000 | |||||||||
Percentage of allocable shares | 51.73% | |||||||||
Number of jurisdictions that have joined the settlement | State | 26 | |||||||||
Increase in price of cigarettes per pack | $ / CigarettePack | 1.50 | |||||||||
Puerto Rico subsidiaries | ||||||||||
Loss Contingencies [Line Items] | ||||||||||
Collectively allocable share of settlement percentage | 42.00% | |||||||||
RJR Tobacco | ||||||||||
Loss Contingencies [Line Items] | ||||||||||
NPM Adjustments disputed, 2015 | $ 482,000,000 | |||||||||
NPM Adjustments disputed, 2016 | $ 505,000,000 | |||||||||
RJR Tobacco and Santa Fe | ||||||||||
Loss Contingencies [Line Items] | ||||||||||
NPM Adjustment credits | 6,000,000 | 93,000,000 | ||||||||
Santa Fe | ||||||||||
Loss Contingencies [Line Items] | ||||||||||
NPM Adjustments disputed | $ 67,000,000 | |||||||||
NPM Adjustments disputed, 2015 | 18,000,000 | |||||||||
NPM Adjustments disputed, 2016 | 22,000,000 | |||||||||
NPM Adjustment Claim For 2003 | ||||||||||
Loss Contingencies [Line Items] | ||||||||||
Arbitration Panel ruling | 6,000,000 | |||||||||
Percentage of allocable shares | 90.00% | |||||||||
NPM Adjustment Claim For 2009 | RJR Tobacco | ||||||||||
Loss Contingencies [Line Items] | ||||||||||
Percentage of amount to Fund States' Antitrust/Consumer Protection Tobacco | 67.00% | |||||||||
NPM Adjustment Claim For 2004 | RJR Tobacco and Lorillard Tobacco | ||||||||||
Loss Contingencies [Line Items] | ||||||||||
Arbitration Panel ruling | $ 239,000,000 | |||||||||
State Settlement Agreements | Kentucky And Indiana | ||||||||||
Loss Contingencies [Line Items] | ||||||||||
Percentage of allocable shares | 51.73% | |||||||||
State Settlement Agreements | New York | ||||||||||
Loss Contingencies [Line Items] | ||||||||||
Collectively allocable share of settlement percentage | 12.76% | |||||||||
State Settlement Agreements | RJR Tobacco | New York | ||||||||||
Loss Contingencies [Line Items] | ||||||||||
Collectively allocable share of settlement percentage | 64.49% | |||||||||
Number of jurisdictions that have joined the settlement | State | 27 | |||||||||
JTI Judgment | ||||||||||
Loss Contingencies [Line Items] | ||||||||||
Judgment Entered Against JTI in Brazil That JTI Believes RJR and RJR Tobacco Liable For | $ 1,850,000 | |||||||||
West Virginia IPIC | ||||||||||
Loss Contingencies [Line Items] | ||||||||||
Number of plaintiffs | Plaintiff | 7 | |||||||||
Loss contingency period of inaction | 15 years | |||||||||
Corwin | ||||||||||
Loss Contingencies [Line Items] | ||||||||||
Plaintiff request for attorney's fees and costs | $ 415,000 | |||||||||
Lorillard Tobacco | ||||||||||
Loss Contingencies [Line Items] | ||||||||||
Arbitration Panel ruling | $ 1,000,000 | |||||||||
NPM Adjustments disputed, 2015 | $ 41,000,000 |
Commitments and Contingencies69
Commitments and Contingencies (Details 1) (Detail) $ in Millions | 6 Months Ended |
Jun. 30, 2017USD ($) | |
State Settlement Payment Expense [Line Items] | |
Year for which NPM Adjustment calculated year one | 2,004 |
Year for which NPM Adjustment calculated year two | 2,005 |
Year for which NPM Adjustment calculated year three | 2,006 |
Year for which NPM Adjustment calculated year four | 2,007 |
Year for which NPM Adjustment Calculated year five | 2,008 |
Year for which NPM Adjustment calculated year six | 2,009 |
Year for which NPM Adjustment calculated year seven | 2,010 |
Year for which NPM Adjustment calculated year eight | 2,011 |
Year for which NPM Adjustment calculated year nine | 2,012 |
Year for which NPM Adjustment calculated year ten | 2,013 |
Year for which NPM Adjustment calculated year eleven | 2,014 |
Lorillard Tobacco | |
State Settlement Payment Expense [Line Items] | |
NPM Adjustments disputed, 2004 | $ 111 |
NPM Adjustments disputed, 2005 | 76 |
NPM Adjustments disputed, 2006 | 73 |
NPM Adjustments disputed, 2007 | 83 |
NPM Adjustments disputed, 2008 | 104 |
NPM Adjustments disputed, 2009 | 107 |
NPM Adjustments disputed, 2010 | 119 |
NPM Adjustments disputed, 2011 | 88 |
NPM Adjustments disputed, 2012 | 97 |
NPM Adjustments disputed, 2013 | 92 |
NPM Adjustments disputed, 2014 | 93 |
NPM Adjustments remaining after settlements, 2004 | 39 |
NPM Adjustments remaining after settlements, 2005 | 27 |
NPM Adjustments remaining after settlements, 2006 | 26 |
NPM Adjustments remaining after settlements, 2007 | 30 |
NPM Adjustments remaining after settlements, 2008 | 38 |
NPM Adjustments remaining after settlements, 2009 | 39 |
NPM Adjustments remaining after settlements, 2010 | 44 |
NPM Adjustments remaining after settlements, 2011 | 32 |
NPM Adjustments remaining after settlements, 2012 | 36 |
NPM Adjustments remaining after settlements, 2013 | 34 |
NPM Adjustments remaining after settlements, 2014 | 34 |
RJR Tobacco | |
State Settlement Payment Expense [Line Items] | |
NPM Adjustments disputed, 2004 | 562 |
NPM Adjustments disputed, 2005 | 445 |
NPM Adjustments disputed, 2006 | 419 |
NPM Adjustments disputed, 2007 | 435 |
NPM Adjustments disputed, 2008 | 468 |
NPM Adjustments disputed, 2009 | 472 |
NPM Adjustments disputed, 2010 | 470 |
NPM Adjustments disputed, 2011 | 422 |
NPM Adjustments disputed, 2012 | 430 |
NPM Adjustments disputed, 2013 | 457 |
NPM Adjustments disputed, 2014 | 433 |
NPM Adjustments remaining after settlements, 2004 | 200 |
NPM Adjustments remaining after settlements, 2005 | 158 |
NPM Adjustments remaining after settlements, 2006 | 149 |
NPM Adjustments remaining after settlements, 2007 | 157 |
NPM Adjustments remaining after settlements, 2008 | 169 |
NPM Adjustments remaining after settlements, 2009 | 171 |
NPM Adjustments remaining after settlements, 2010 | 170 |
NPM Adjustments remaining after settlements, 2011 | 152 |
NPM Adjustments remaining after settlements, 2012 | 156 |
NPM Adjustments remaining after settlements, 2013 | 165 |
NPM Adjustments remaining after settlements, 2014 | $ 156 |
Shareholders' Equity (Detail)
Shareholders' Equity (Detail) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | 12 Months Ended | ||
Jun. 30, 2017 | Jun. 30, 2016 | Jun. 30, 2017 | Jun. 30, 2016 | Dec. 31, 2016 | |
Stockholders Equity Note Disclosure [Line Items] | |||||
Beginning Balance | $ 21,711 | $ 18,252 | $ 18,252 | ||
Net income | $ 919 | $ 796 | 1,699 | 4,361 | |
Retirement benefits, net of tax expense | 13 | 39 | 9 | 33 | |
Long-term investments, net of tax expense | 4 | 3 | |||
Hedging instruments, net of tax expense | 11 | ||||
Cumulative translation adjustment and other, net of tax expense (2017 - $6; 2016 - $9) | 11 | (5) | 14 | 17 | |
Dividends | (1,459) | (1,204) | |||
Common stock repurchased | (139) | (149) | |||
Equity incentive award plan and stock-based compensation | 51 | 50 | |||
Excess tax benefit on stock-based compensation plans | 26 | ||||
Ending Balance | 21,886 | 21,400 | 21,886 | 21,400 | 21,711 |
Paid-in Capital | |||||
Stockholders Equity Note Disclosure [Line Items] | |||||
Beginning Balance | 18,285 | 18,402 | 18,402 | ||
Common stock repurchased | (139) | (149) | |||
Equity incentive award plan and stock-based compensation | 51 | 50 | |||
Excess tax benefit on stock-based compensation plans | 26 | ||||
Ending Balance | 18,197 | 18,329 | 18,197 | 18,329 | 18,285 |
Retained Earnings | |||||
Stockholders Equity Note Disclosure [Line Items] | |||||
Beginning Balance | 3,740 | 188 | 188 | ||
Net income | 1,699 | 4,361 | |||
Dividends | (1,459) | (1,204) | |||
Ending Balance | 3,980 | 3,345 | 3,980 | 3,345 | 3,740 |
Accumulated Other Comprehensive Loss | |||||
Stockholders Equity Note Disclosure [Line Items] | |||||
Beginning Balance | (314) | (338) | (338) | ||
Retirement benefits, net of tax expense | 9 | 33 | |||
Long-term investments, net of tax expense | 3 | ||||
Hedging instruments, net of tax expense | 11 | ||||
Cumulative translation adjustment and other, net of tax expense (2017 - $6; 2016 - $9) | 14 | 17 | |||
Ending Balance | $ (291) | $ (274) | $ (291) | $ (274) | $ (314) |
Shareholders' Equity (Parenthet
Shareholders' Equity (Parenthetical) (Detail) - USD ($) $ / shares in Units, $ in Millions | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2017 | Jun. 30, 2016 | Jun. 30, 2017 | Jun. 30, 2016 | |
Equity [Abstract] | ||||
Tax expense, retirement benefits | $ 9 | $ 25 | $ 5 | $ 21 |
Tax expense, long-term investments | 2 | 3 | ||
Tax expense, hedging instruments | 6 | |||
Tax expense, cumulative translation adjustment and other | $ 5 | $ (2) | $ 6 | $ 9 |
Dividends, per share | $ 0.51 | $ 0.42 | $ 1.02 | $ 0.84 |
Components of Accumulated Other
Components of Accumulated Other Comprehensive Loss Net of Tax (Detail) - USD ($) $ in Millions | 6 Months Ended | |
Jun. 30, 2017 | Jun. 30, 2016 | |
Accumulated Other Comprehensive Income Loss [Line Items] | ||
Beginning balance | $ (314) | $ (338) |
Other comprehensive income (losses) before reclassifications | 34 | 40 |
Amounts reclassified from accumulated other comprehensive loss | (11) | 24 |
Net current-period other comprehensive income | 23 | 64 |
Ending balance | (291) | (274) |
Accumulated Defined Benefit Plans Adjustment | ||
Accumulated Other Comprehensive Income Loss [Line Items] | ||
Beginning balance | (255) | (244) |
Other comprehensive income (losses) before reclassifications | 20 | 45 |
Amounts reclassified from accumulated other comprehensive loss | (11) | (12) |
Net current-period other comprehensive income | 9 | 33 |
Ending balance | (246) | (211) |
Accumulated Net Unrealized Investment Gain (Loss) | ||
Accumulated Other Comprehensive Income Loss [Line Items] | ||
Beginning balance | (14) | |
Other comprehensive income (losses) before reclassifications | 5 | |
Amounts reclassified from accumulated other comprehensive loss | (2) | |
Net current-period other comprehensive income | 3 | |
Ending balance | (11) | |
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges | ||
Accumulated Other Comprehensive Income Loss [Line Items] | ||
Beginning balance | (11) | |
Amounts reclassified from accumulated other comprehensive loss | 11 | |
Net current-period other comprehensive income | 11 | |
Accumulated Translation Adjustment and Other | ||
Accumulated Other Comprehensive Income Loss [Line Items] | ||
Beginning balance | (59) | (69) |
Other comprehensive income (losses) before reclassifications | 14 | (10) |
Amounts reclassified from accumulated other comprehensive loss | 27 | |
Net current-period other comprehensive income | 14 | 17 |
Ending balance | $ (45) | $ (52) |
Reclassification Out of Accumul
Reclassification Out of Accumulated Other Comprehensive Loss and Affected Line Items in Condensed Consolidated Statement of Income (Detail) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | |||||
Jun. 30, 2017 | Mar. 31, 2017 | Jun. 30, 2016 | Mar. 31, 2016 | Jun. 30, 2017 | Jun. 30, 2016 | ||
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items] | |||||||
Cost of products sold | [1] | $ (1,278) | $ (1,275) | $ (2,477) | $ (2,440) | ||
Selling, general and administrative expenses | (478) | (499) | (896) | (964) | |||
Operating income | 1,556 | 1,415 | 2,882 | 7,557 | |||
Other (income) expense, net | (11) | 1 | (15) | (251) | |||
Interest and debt expense | 150 | 152 | 299 | 326 | |||
Income before income taxes | 1,398 | 1,266 | 2,573 | 6,985 | |||
Provision for income taxes | (479) | (470) | (874) | (2,624) | |||
Gain on divestiture | 4,861 | ||||||
Net income | 919 | 796 | 1,699 | 4,361 | |||
Reclassification out of Accumulated Other Comprehensive Income | |||||||
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items] | |||||||
Net income | (7) | $ (7) | (6) | $ (6) | (11) | 24 | |
Reclassification out of Accumulated Other Comprehensive Income | Accumulated Defined Benefit Plans Adjustment | |||||||
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items] | |||||||
Cost of products sold | (5) | (5) | (5) | (5) | (9) | (10) | |
Selling, general and administrative expenses | (4) | (4) | (5) | (5) | (8) | (10) | |
Operating income | (9) | (9) | (10) | (10) | (17) | (20) | |
Provision for income taxes | 2 | 2 | 4 | 4 | 6 | 8 | |
Net income | $ (7) | $ (7) | $ (6) | $ (6) | $ (11) | (12) | |
Reclassification out of Accumulated Other Comprehensive Income | Accumulated Net Unrealized Investment Gain (Loss) | |||||||
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items] | |||||||
Other (income) expense, net | (3) | ||||||
Provision for income taxes | 1 | ||||||
Net income | (2) | ||||||
Reclassification out of Accumulated Other Comprehensive Income | Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges | |||||||
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items] | |||||||
Other (income) expense, net | 16 | ||||||
Interest and debt expense | 1 | ||||||
Income before income taxes | 17 | ||||||
Provision for income taxes | (6) | ||||||
Net income | 11 | ||||||
Reclassification out of Accumulated Other Comprehensive Income | Cumulative Translation Adjustment and Other | |||||||
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items] | |||||||
Gain on divestiture | $ 27 | ||||||
[1] | Excludes excise taxes of $1,083 million and $1,120 million for the three months ended June 30, 2017 and 2016, respectively; and $2,065 million and $2,150 million for the six months ended June 30, 2017 and 2016, respectively. |
Shareholders' Equity - Addition
Shareholders' Equity - Additional Information (Detail) - USD ($) | May 04, 2017 | Feb. 08, 2017 | Nov. 30, 2011 | Jun. 30, 2017 | Jun. 30, 2016 | Jun. 30, 2017 | Jun. 30, 2016 | Dec. 31, 2016 | Jul. 25, 2016 |
Shareholders Equity [Line Items] | |||||||||
Issuance of shares of RAI common stock on settlement | 2,434,400 | ||||||||
Cost of shares purchased that forfeited with respect to tax liabilities associated with restricted stock vesting | $ 58,000,000 | ||||||||
Number of shares purchased that forfeited with respect to tax liabilities associated with restricted stock vesting under its LTIP | 940,607 | ||||||||
Share repurchase program period | Dec. 31, 2018 | ||||||||
Common stock repurchased | $ 139,000,000 | $ 149,000,000 | |||||||
Decrease in ownership percentage of RAI's common stock | 25.00% | ||||||||
Cash dividend per share, declared | $ 0.51 | $ 0.42 | $ 1.02 | $ 0.84 | |||||
Dividends record date | Jun. 12, 2017 | Mar. 10, 2017 | |||||||
Quarterly Dividend | |||||||||
Shareholders Equity [Line Items] | |||||||||
Cash dividend per share, declared | $ 0.51 | $ 0.51 | |||||||
Stock Repurchase Program | |||||||||
Shareholders Equity [Line Items] | |||||||||
Shares repurchased | 0 | 1,565,698 | |||||||
Common stock repurchased | $ 75,000,000 | ||||||||
Governance Agreement | |||||||||
Shareholders Equity [Line Items] | |||||||||
Shares repurchased | 1,258,907 | ||||||||
Common stock repurchased | $ 81,000,000 | ||||||||
Maximum | |||||||||
Shareholders Equity [Line Items] | |||||||||
Outstanding shares of RAI common stock | $ 2,000,000,000 |
Stock Plans - Additional Inform
Stock Plans - Additional Information (Detail) - Omnibus Plan - Three Year Grant - $ / shares | Mar. 01, 2017 | Jun. 30, 2017 |
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | ||
Shares available for grant | 970,310 | |
Restricted stock unit award adjustment upper end of range | 150.00% | |
Ending date of performance period | Dec. 31, 2019 | |
Weighted average grant date fair value outstanding | $ 61.93 | |
Restricted Stock Units | ||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | ||
Vesting date | Mar. 1, 2020 |
Segment Information - Additiona
Segment Information - Additional Information (Detail) - USD ($) $ in Millions | Jan. 13, 2016 | Jun. 30, 2016 |
Segment Reporting Information [Line Items] | ||
Proceeds from divestiture | $ 5,015 | |
Pre-tax gain on divestiture | $ 4,861 | |
JTI Holding | ||
Segment Reporting Information [Line Items] | ||
Proceeds from divestiture | $ 5,000 | |
Pre-tax gain on divestiture | 4,900 | |
NAS Brand | JTI Holding | ||
Segment Reporting Information [Line Items] | ||
Proceeds from divestiture | 5,000 | |
Pre-tax gain on divestiture | $ 4,900 |
Segment Information (Detail)
Segment Information (Detail) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2017 | Jun. 30, 2016 | Jun. 30, 2017 | Jun. 30, 2016 | |
Segment Reporting Information [Line Items] | ||||
Net sales | $ 3,318 | $ 3,195 | $ 6,267 | $ 6,112 |
Operating income (loss) | 1,556 | 1,415 | 2,882 | 7,557 |
Gain on divestiture | 4,861 | |||
Interest and debt expense | 150 | 152 | 299 | 326 |
Interest income | (3) | (2) | (5) | (5) |
Other expense (income), net | 11 | (1) | 15 | 251 |
Income before income taxes | 1,398 | 1,266 | 2,573 | 6,985 |
Operating Segments | RJR Tobacco | ||||
Segment Reporting Information [Line Items] | ||||
Net sales | 2,675 | 2,646 | 5,046 | 5,057 |
Operating income (loss) | 1,291 | 1,216 | 2,374 | 2,323 |
Operating Segments | Santa Fe | ||||
Segment Reporting Information [Line Items] | ||||
Net sales | 278 | 247 | 516 | 465 |
Operating income (loss) | 169 | 133 | 313 | 256 |
Operating Segments | American Snuff | ||||
Segment Reporting Information [Line Items] | ||||
Net sales | 261 | 232 | 503 | 448 |
Operating income (loss) | 169 | 138 | 326 | 271 |
Operating Segments | All Other | ||||
Segment Reporting Information [Line Items] | ||||
Net sales | 104 | 70 | 202 | 142 |
Operating income (loss) | (21) | (43) | (48) | (77) |
Corporate, Non-Segment | ||||
Segment Reporting Information [Line Items] | ||||
Operating income (loss) | $ (52) | $ (29) | $ (83) | $ (77) |
Related Party Transactions - Ad
Related Party Transactions - Additional Information (Detail) - USD ($) $ in Millions | Mar. 31, 2017 | Sep. 30, 2016 | Jul. 31, 2016 | Jan. 31, 2016 | Jun. 30, 2017 | Jun. 30, 2016 | Jun. 30, 2017 | Jun. 30, 2016 | Dec. 31, 2016 |
Related Party Transaction [Line Items] | |||||||||
Current deferred revenue | $ 106 | $ 106 | $ 66 | ||||||
Long-term deferred revenue | $ 19 | $ 19 | $ 39 | ||||||
Stock Repurchase Program | |||||||||
Related Party Transaction [Line Items] | |||||||||
Shares repurchased | 0 | 1,565,698 | |||||||
BAT Affiliate | |||||||||
Related Party Transaction [Line Items] | |||||||||
Percentage of RAI's outstanding common stock | 42.00% | 42.00% | |||||||
Revenue percentage from related parties | 1.00% | 2.00% | 1.00% | 2.00% | |||||
Current deferred revenue | $ 106 | $ 106 | $ 66 | ||||||
Long-term deferred revenue | 19 | $ 19 | $ 39 | ||||||
Percentage of maximum purchase price | 10.00% | ||||||||
Contract manufacturing amendment fee | $ 6 | ||||||||
BAT Affiliate | Stock Repurchase Program | |||||||||
Related Party Transaction [Line Items] | |||||||||
Shares repurchased | 0 | 660,385 | |||||||
Common stock repurchased | $ 32 | ||||||||
BAT Affiliate | RJR Tobacco | |||||||||
Related Party Transaction [Line Items] | |||||||||
Payment after amendment of contract | $ 82.2 | $ 7.4 | $ 89.6 | ||||||
Current deferred revenue | 38.7 | $ 38.7 | |||||||
Long-term deferred revenue | $ 19.4 | $ 19.4 |
Summary of Balances and Transac
Summary of Balances and Transactions (Detail) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2017 | Jun. 30, 2016 | Jun. 30, 2017 | Jun. 30, 2016 | Dec. 31, 2016 | |
Current Balances: | |||||
Accounts receivable, related party | $ 1 | $ 1 | $ 113 | ||
Due to related party | 7 | ||||
Deferred revenue, related party | 106 | 106 | 66 | ||
Long-term Balances: | |||||
Long-term deferred revenue, related party | 19 | 19 | 39 | ||
Net sales | 28 | $ 54 | 66 | $ 109 | |
BAT Affiliate | |||||
Current Balances: | |||||
Accounts receivable, related party | 1 | 1 | 113 | ||
Due to related party | 7 | ||||
Deferred revenue, related party | 106 | 106 | 66 | ||
Long-term Balances: | |||||
Long-term deferred revenue, related party | 19 | 19 | $ 39 | ||
Net sales | 28 | 54 | 66 | 109 | |
Purchases | $ 1 | $ 6 | $ 2 | $ 8 |
RAI Guaranteed Unsecured Notes
RAI Guaranteed Unsecured Notes - Condensed Consolidating Financial Statements (Detail) $ in Billions | Jun. 30, 2017USD ($) |
RAI | |
Condensed Financial Statements Captions [Line Items] | |
Aggregate principal amount of unsecured notes | $ 12.7 |
Condensed Consolidating Stateme
Condensed Consolidating Statements of Income (Detail) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2017 | Jun. 30, 2016 | Jun. 30, 2017 | Jun. 30, 2016 | ||
Condensed Financial Statements Captions [Line Items] | |||||
Net sales | [1] | $ 3,290 | $ 3,141 | $ 6,201 | $ 6,003 |
Net sales, related party | 28 | 54 | 66 | 109 | |
Net sales | 3,318 | 3,195 | 6,267 | 6,112 | |
Cost of products sold | [1] | 1,278 | 1,275 | 2,477 | 2,440 |
Selling, general and administrative expenses, net | 478 | 499 | 896 | 964 | |
Gain on divestiture | (4,861) | ||||
Amortization expense | 6 | 6 | 12 | 12 | |
Operating income | 1,556 | 1,415 | 2,882 | 7,557 | |
Interest and debt expense | 150 | 152 | 299 | 326 | |
Interest income | (3) | (2) | (5) | (5) | |
Other expense (income), net | 11 | (1) | 15 | 251 | |
Income before income taxes | 1,398 | 1,266 | 2,573 | 6,985 | |
Provision for (benefit from) income taxes | 479 | 470 | 874 | 2,624 | |
Net income | 919 | 796 | 1,699 | 4,361 | |
RAI | |||||
Condensed Financial Statements Captions [Line Items] | |||||
Selling, general and administrative expenses, net | 12 | 6 | 27 | 22 | |
Operating income | (12) | (6) | (27) | (22) | |
Interest and debt expense | 148 | 149 | 295 | 323 | |
Interest income | (15) | (21) | (35) | (47) | |
Other expense (income), net | 1 | 2 | 240 | ||
Income before income taxes | (146) | (134) | (289) | (538) | |
Provision for (benefit from) income taxes | (50) | (48) | (125) | (190) | |
Equity income from subsidiaries | 1,015 | 882 | 1,863 | 4,709 | |
Net income | 919 | 796 | 1,699 | 4,361 | |
Guarantors | |||||
Condensed Financial Statements Captions [Line Items] | |||||
Net sales | 3,261 | 3,122 | 6,164 | 5,961 | |
Net sales, related party | 28 | 54 | 66 | 109 | |
Net sales | 3,289 | 3,176 | 6,230 | 6,070 | |
Cost of products sold | 1,252 | 1,254 | 2,446 | 2,403 | |
Selling, general and administrative expenses, net | 445 | 457 | 819 | 858 | |
Gain on divestiture | (4,843) | ||||
Amortization expense | 6 | 6 | 11 | 12 | |
Operating income | 1,586 | 1,459 | 2,954 | 7,640 | |
Interest and debt expense | 13 | 22 | 31 | 45 | |
Interest income | (2) | (2) | (4) | (4) | |
Other expense (income), net | (11) | (9) | (21) | (15) | |
Income before income taxes | 1,586 | 1,448 | 2,948 | 7,614 | |
Provision for (benefit from) income taxes | 533 | 532 | 1,013 | 2,840 | |
Equity income from subsidiaries | (8) | 2 | (13) | 2 | |
Net income | 1,045 | 918 | 1,922 | 4,776 | |
Guarantors | RJR Tobacco | |||||
Condensed Financial Statements Captions [Line Items] | |||||
Selling, general and administrative expenses, net | (1) | ||||
Operating income | 1 | ||||
Interest income | (2) | (1) | (2) | (2) | |
Other expense (income), net | (10) | (10) | (21) | (20) | |
Income before income taxes | 12 | 11 | 24 | 22 | |
Equity income from subsidiaries | 813 | 746 | 1,479 | 1,402 | |
Net income | 825 | 757 | 1,503 | 1,424 | |
Non-Guarantors | |||||
Condensed Financial Statements Captions [Line Items] | |||||
Net sales | 54 | 48 | 102 | 97 | |
Net sales | 54 | 48 | 102 | 97 | |
Cost of products sold | 53 | 52 | 96 | 95 | |
Selling, general and administrative expenses, net | 21 | 34 | 50 | 82 | |
Gain on divestiture | (16) | ||||
Amortization expense | 1 | ||||
Operating income | (20) | (38) | (45) | (64) | |
Interest and debt expense | 4 | 2 | 8 | 4 | |
Interest income | (1) | (1) | |||
Other expense (income), net | 9 | (3) | 12 | 4 | |
Income before income taxes | (32) | (37) | (64) | (72) | |
Provision for (benefit from) income taxes | (4) | (14) | (14) | (26) | |
Net income | (28) | (23) | (50) | (46) | |
Non-Guarantors | RJR Tobacco | |||||
Condensed Financial Statements Captions [Line Items] | |||||
Net sales | 651 | 557 | 1,238 | 1,081 | |
Net sales | 651 | 557 | 1,238 | 1,081 | |
Cost of products sold | 248 | 210 | 472 | 404 | |
Selling, general and administrative expenses, net | (1,042) | (223) | (1,957) | (409) | |
Gain on divestiture | (4,861) | ||||
Amortization expense | 2 | 1 | 4 | 3 | |
Operating income | 1,443 | 569 | 2,719 | 5,944 | |
Interest and debt expense | 17 | 22 | 37 | 48 | |
Interest income | (1) | (1) | (2) | (1) | |
Other expense (income), net | 9 | (4) | 12 | 3 | |
Income before income taxes | 1,418 | 552 | 2,672 | 5,894 | |
Provision for (benefit from) income taxes | 483 | 193 | 915 | 2,162 | |
Net income | 935 | 359 | 1,757 | 3,732 | |
RJR | RJR Tobacco | |||||
Condensed Financial Statements Captions [Line Items] | |||||
Net sales | 2,677 | 2,626 | 5,053 | 5,009 | |
Net sales, related party | 28 | 54 | 66 | 109 | |
Net sales | 2,705 | 2,680 | 5,119 | 5,118 | |
Cost of products sold | 1,069 | 1,108 | 2,094 | 2,125 | |
Selling, general and administrative expenses, net | 1,507 | 714 | 2,826 | 1,349 | |
Amortization expense | 4 | 5 | 8 | 9 | |
Operating income | 125 | 853 | 191 | 1,635 | |
Interest and debt expense | 2 | 3 | 4 | 3 | |
Interest income | (2) | (1) | (3) | (3) | |
Other expense (income), net | 2 | 1 | 6 | ||
Income before income taxes | 125 | 849 | 189 | 1,629 | |
Provision for (benefit from) income taxes | 46 | 325 | 84 | 652 | |
Equity income from subsidiaries | 735 | 220 | 1,378 | 404 | |
Net income | 814 | 744 | 1,483 | 1,381 | |
Eliminations | |||||
Condensed Financial Statements Captions [Line Items] | |||||
Net sales | (25) | (29) | (65) | (55) | |
Net sales | (25) | (29) | (65) | (55) | |
Cost of products sold | (27) | (31) | (65) | (58) | |
Selling, general and administrative expenses, net | 2 | 2 | |||
Gain on divestiture | (2) | ||||
Operating income | 2 | 3 | |||
Interest and debt expense | (15) | (21) | (35) | (46) | |
Interest income | 15 | 21 | 35 | 46 | |
Other expense (income), net | 12 | 11 | 22 | 22 | |
Income before income taxes | (10) | (11) | (22) | (19) | |
Equity income from subsidiaries | (1,007) | (884) | (1,850) | (4,711) | |
Net income | (1,017) | (895) | (1,872) | (4,730) | |
Eliminations | RJR Tobacco | |||||
Condensed Financial Statements Captions [Line Items] | |||||
Net sales | (38) | (42) | (90) | (87) | |
Net sales | (38) | (42) | (90) | (87) | |
Cost of products sold | (39) | (43) | (89) | (89) | |
Selling, general and administrative expenses, net | 1 | 2 | 1 | 2 | |
Operating income | (1) | (2) | |||
Interest and debt expense | (17) | (22) | (37) | (48) | |
Interest income | 17 | 22 | 37 | 48 | |
Other expense (income), net | 11 | 11 | 21 | 22 | |
Income before income taxes | (11) | (12) | (23) | (22) | |
Equity income from subsidiaries | (2,563) | (1,848) | (4,720) | (6,515) | |
Net income | $ (2,574) | $ (1,860) | $ (4,743) | $ (6,537) | |
[1] | Excludes excise taxes of $1,083 million and $1,120 million for the three months ended June 30, 2017 and 2016, respectively; and $2,065 million and $2,150 million for the six months ended June 30, 2017 and 2016, respectively. |
Condensed Consolidating State82
Condensed Consolidating Statements of Comprehensive Income (Detail) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2017 | Jun. 30, 2016 | Jun. 30, 2017 | Jun. 30, 2016 | |
Condensed Financial Statements Captions [Line Items] | ||||
Net income (loss) | $ 919 | $ 796 | $ 1,699 | $ 4,361 |
Other comprehensive income (loss), net of tax: | ||||
Retirement benefits, net of tax expense | 13 | 39 | 9 | 33 |
Long-term investments | 4 | 3 | ||
Hedging instruments | 11 | |||
Cumulative translation adjustment and other | 11 | (5) | 14 | 17 |
Comprehensive income | 943 | 834 | 1,722 | 4,425 |
RAI | ||||
Condensed Financial Statements Captions [Line Items] | ||||
Net income (loss) | 919 | 796 | 1,699 | 4,361 |
Other comprehensive income (loss), net of tax: | ||||
Retirement benefits, net of tax expense | 13 | 39 | 9 | 33 |
Long-term investments | 4 | 3 | ||
Hedging instruments | 11 | |||
Cumulative translation adjustment and other | 11 | (5) | 14 | 17 |
Comprehensive income | 943 | 834 | 1,722 | 4,425 |
Guarantors | ||||
Condensed Financial Statements Captions [Line Items] | ||||
Net income (loss) | 1,045 | 918 | 1,922 | 4,776 |
Other comprehensive income (loss), net of tax: | ||||
Retirement benefits, net of tax expense | 29 | 40 | 26 | 34 |
Long-term investments | 4 | 3 | ||
Cumulative translation adjustment and other | 12 | (5) | 15 | 17 |
Comprehensive income | 1,086 | 957 | 1,963 | 4,830 |
Guarantors | RJR Tobacco | ||||
Condensed Financial Statements Captions [Line Items] | ||||
Net income (loss) | 825 | 757 | 1,503 | 1,424 |
Other comprehensive income (loss), net of tax: | ||||
Retirement benefits, net of tax expense | 31 | 42 | 28 | 36 |
Long-term investments | 4 | 3 | ||
Cumulative translation adjustment and other | 12 | (5) | 15 | 17 |
Comprehensive income | 868 | 798 | 1,546 | 1,480 |
Non-Guarantors | ||||
Condensed Financial Statements Captions [Line Items] | ||||
Net income (loss) | (28) | (23) | (50) | (46) |
Other comprehensive income (loss), net of tax: | ||||
Retirement benefits, net of tax expense | (15) | (1) | (14) | (1) |
Cumulative translation adjustment and other | 16 | (7) | 20 | 26 |
Comprehensive income | (27) | (31) | (44) | (21) |
Non-Guarantors | RJR Tobacco | ||||
Condensed Financial Statements Captions [Line Items] | ||||
Net income (loss) | 935 | 359 | 1,757 | 3,732 |
Other comprehensive income (loss), net of tax: | ||||
Retirement benefits, net of tax expense | (18) | (3) | (17) | (3) |
Cumulative translation adjustment and other | 12 | (5) | 15 | 17 |
Comprehensive income | 929 | 351 | 1,755 | 3,746 |
RJR | RJR Tobacco | ||||
Condensed Financial Statements Captions [Line Items] | ||||
Net income (loss) | 814 | 744 | 1,483 | 1,381 |
Other comprehensive income (loss), net of tax: | ||||
Retirement benefits, net of tax expense | 32 | 44 | 29 | 38 |
Long-term investments | 4 | 3 | ||
Cumulative translation adjustment and other | 12 | (4) | 14 | 17 |
Comprehensive income | 858 | 788 | 1,526 | 1,439 |
Eliminations | ||||
Condensed Financial Statements Captions [Line Items] | ||||
Net income (loss) | (1,017) | (895) | (1,872) | (4,730) |
Other comprehensive income (loss), net of tax: | ||||
Retirement benefits, net of tax expense | (14) | (39) | (12) | (33) |
Long-term investments | (4) | (3) | ||
Cumulative translation adjustment and other | (28) | 12 | (35) | (43) |
Comprehensive income | (1,059) | (926) | (1,919) | (4,809) |
Eliminations | RJR Tobacco | ||||
Condensed Financial Statements Captions [Line Items] | ||||
Net income (loss) | (2,574) | (1,860) | (4,743) | (6,537) |
Other comprehensive income (loss), net of tax: | ||||
Retirement benefits, net of tax expense | (45) | (83) | (40) | (71) |
Long-term investments | (8) | (6) | ||
Cumulative translation adjustment and other | (36) | 14 | (44) | (51) |
Comprehensive income | $ (2,655) | $ (1,937) | $ (4,827) | $ (6,665) |
Reclassification Out of Accum83
Reclassification Out of Accumulated Other Comprehensive Loss and Affected Line Items in Condensed Consolidating Statements of Income (Detail) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | |||||
Jun. 30, 2017 | Mar. 31, 2017 | Jun. 30, 2016 | Mar. 31, 2016 | Jun. 30, 2017 | Jun. 30, 2016 | ||
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items] | |||||||
Cost of products sold | [1] | $ (1,278) | $ (1,275) | $ (2,477) | $ (2,440) | ||
Selling, general and administrative expenses | (478) | (499) | (896) | (964) | |||
Operating income | 1,556 | 1,415 | 2,882 | 7,557 | |||
Other (income) expense, net | (11) | 1 | (15) | (251) | |||
Interest and debt expense | 150 | 152 | 299 | 326 | |||
Income before income taxes | 1,398 | 1,266 | 2,573 | 6,985 | |||
Provision for income taxes | (479) | (470) | (874) | (2,624) | |||
Net income | 919 | 796 | 1,699 | 4,361 | |||
Gain on divestiture | 4,861 | ||||||
Reclassification out of Accumulated Other Comprehensive Income | |||||||
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items] | |||||||
Net income | (7) | $ (7) | (6) | $ (6) | (11) | 24 | |
Reclassification out of Accumulated Other Comprehensive Income | Accumulated Defined Benefit Plans Adjustment | |||||||
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items] | |||||||
Cost of products sold | (5) | (5) | (5) | (5) | (9) | (10) | |
Selling, general and administrative expenses | (4) | (4) | (5) | (5) | (8) | (10) | |
Operating income | (9) | (9) | (10) | (10) | (17) | (20) | |
Provision for income taxes | 2 | 2 | 4 | 4 | 6 | 8 | |
Net income | (7) | $ (7) | (6) | $ (6) | (11) | (12) | |
Reclassification out of Accumulated Other Comprehensive Income | Accumulated Net Unrealized Investment Gain (Loss) | |||||||
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items] | |||||||
Other (income) expense, net | (3) | ||||||
Provision for income taxes | 1 | ||||||
Net income | (2) | ||||||
Reclassification out of Accumulated Other Comprehensive Income | Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges | |||||||
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items] | |||||||
Other (income) expense, net | 16 | ||||||
Interest and debt expense | 1 | ||||||
Income before income taxes | 17 | ||||||
Provision for income taxes | (6) | ||||||
Net income | 11 | ||||||
Reclassification out of Accumulated Other Comprehensive Income | Cumulative Translation Adjustment and Other | |||||||
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items] | |||||||
Gain on divestiture | 27 | ||||||
RAI | |||||||
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items] | |||||||
Selling, general and administrative expenses | (12) | (6) | (27) | (22) | |||
Operating income | (12) | (6) | (27) | (22) | |||
Other (income) expense, net | (1) | (2) | (240) | ||||
Interest and debt expense | 148 | 149 | 295 | 323 | |||
Income before income taxes | (146) | (134) | (289) | (538) | |||
Provision for income taxes | 50 | 48 | 125 | 190 | |||
Equity income from subsidiaries | 1,015 | 882 | 1,863 | 4,709 | |||
Net income | 919 | 796 | 1,699 | 4,361 | |||
RAI | Reclassification out of Accumulated Other Comprehensive Income | |||||||
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items] | |||||||
Equity income from subsidiaries | (7) | (6) | (11) | 13 | |||
Net income | (7) | (6) | (11) | 24 | |||
RAI | Reclassification out of Accumulated Other Comprehensive Income | Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges | |||||||
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items] | |||||||
Other (income) expense, net | 16 | ||||||
Interest and debt expense | 1 | ||||||
Income before income taxes | 17 | ||||||
Provision for income taxes | (6) | ||||||
Net income | 11 | ||||||
Guarantors | |||||||
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items] | |||||||
Cost of products sold | (1,252) | (1,254) | (2,446) | (2,403) | |||
Selling, general and administrative expenses | (445) | (457) | (819) | (858) | |||
Operating income | 1,586 | 1,459 | 2,954 | 7,640 | |||
Other (income) expense, net | 11 | 9 | 21 | 15 | |||
Interest and debt expense | 13 | 22 | 31 | 45 | |||
Income before income taxes | 1,586 | 1,448 | 2,948 | 7,614 | |||
Provision for income taxes | (533) | (532) | (1,013) | (2,840) | |||
Equity income from subsidiaries | (8) | 2 | (13) | 2 | |||
Net income | 1,045 | 918 | 1,922 | 4,776 | |||
Gain on divestiture | 4,843 | ||||||
Guarantors | RJR Tobacco | |||||||
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items] | |||||||
Selling, general and administrative expenses | 1 | ||||||
Operating income | 1 | ||||||
Other (income) expense, net | 10 | 10 | 21 | 20 | |||
Income before income taxes | 12 | 11 | 24 | 22 | |||
Equity income from subsidiaries | 813 | 746 | 1,479 | 1,402 | |||
Net income | 825 | 757 | 1,503 | 1,424 | |||
Guarantors | Reclassification out of Accumulated Other Comprehensive Income | |||||||
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items] | |||||||
Equity income from subsidiaries | 27 | ||||||
Net income | (7) | (6) | (11) | 13 | |||
Guarantors | Reclassification out of Accumulated Other Comprehensive Income | RJR Tobacco | |||||||
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items] | |||||||
Equity income from subsidiaries | (7) | (6) | (11) | 13 | |||
Net income | (7) | (6) | (11) | 13 | |||
Guarantors | Reclassification out of Accumulated Other Comprehensive Income | Accumulated Defined Benefit Plans Adjustment | |||||||
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items] | |||||||
Cost of products sold | (5) | (5) | (9) | (10) | |||
Selling, general and administrative expenses | (4) | (5) | (8) | (10) | |||
Operating income | (9) | (10) | (17) | (20) | |||
Provision for income taxes | 2 | 4 | 6 | 8 | |||
Net income | (7) | (6) | (11) | (12) | |||
Guarantors | Reclassification out of Accumulated Other Comprehensive Income | Accumulated Net Unrealized Investment Gain (Loss) | |||||||
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items] | |||||||
Other (income) expense, net | (3) | ||||||
Provision for income taxes | 1 | ||||||
Net income | (2) | ||||||
Non-Guarantors | |||||||
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items] | |||||||
Cost of products sold | (53) | (52) | (96) | (95) | |||
Selling, general and administrative expenses | (21) | (34) | (50) | (82) | |||
Operating income | (20) | (38) | (45) | (64) | |||
Other (income) expense, net | (9) | 3 | (12) | (4) | |||
Interest and debt expense | 4 | 2 | 8 | 4 | |||
Income before income taxes | (32) | (37) | (64) | (72) | |||
Provision for income taxes | 4 | 14 | 14 | 26 | |||
Net income | (28) | (23) | (50) | (46) | |||
Gain on divestiture | 16 | ||||||
Non-Guarantors | RJR Tobacco | |||||||
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items] | |||||||
Cost of products sold | (248) | (210) | (472) | (404) | |||
Selling, general and administrative expenses | 1,042 | 223 | 1,957 | 409 | |||
Operating income | 1,443 | 569 | 2,719 | 5,944 | |||
Other (income) expense, net | (9) | 4 | (12) | (3) | |||
Interest and debt expense | 17 | 22 | 37 | 48 | |||
Income before income taxes | 1,418 | 552 | 2,672 | 5,894 | |||
Provision for income taxes | (483) | (193) | (915) | (2,162) | |||
Net income | 935 | 359 | 1,757 | 3,732 | |||
Gain on divestiture | 4,861 | ||||||
Non-Guarantors | Reclassification out of Accumulated Other Comprehensive Income | |||||||
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items] | |||||||
Net income | 27 | ||||||
Non-Guarantors | Reclassification out of Accumulated Other Comprehensive Income | RJR Tobacco | |||||||
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items] | |||||||
Net income | 27 | ||||||
Non-Guarantors | Reclassification out of Accumulated Other Comprehensive Income | Cumulative Translation Adjustment and Other | |||||||
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items] | |||||||
Gain on divestiture | 27 | ||||||
Non-Guarantors | Reclassification out of Accumulated Other Comprehensive Income | Cumulative Translation Adjustment and Other | RJR Tobacco | |||||||
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items] | |||||||
Gain on divestiture | 27 | ||||||
RJR | RJR Tobacco | |||||||
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items] | |||||||
Cost of products sold | (1,069) | (1,108) | (2,094) | (2,125) | |||
Selling, general and administrative expenses | (1,507) | (714) | (2,826) | (1,349) | |||
Operating income | 125 | 853 | 191 | 1,635 | |||
Other (income) expense, net | (2) | (1) | (6) | ||||
Interest and debt expense | 2 | 3 | 4 | 3 | |||
Income before income taxes | 125 | 849 | 189 | 1,629 | |||
Provision for income taxes | (46) | (325) | (84) | (652) | |||
Equity income from subsidiaries | 735 | 220 | 1,378 | 404 | |||
Net income | 814 | 744 | 1,483 | 1,381 | |||
RJR | Reclassification out of Accumulated Other Comprehensive Income | RJR Tobacco | |||||||
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items] | |||||||
Equity income from subsidiaries | 27 | ||||||
Net income | (7) | (6) | (11) | 13 | |||
RJR | Reclassification out of Accumulated Other Comprehensive Income | Accumulated Defined Benefit Plans Adjustment | RJR Tobacco | |||||||
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items] | |||||||
Cost of products sold | (5) | (5) | (9) | (10) | |||
Selling, general and administrative expenses | (4) | (5) | (8) | (10) | |||
Operating income | (9) | (10) | (17) | (20) | |||
Provision for income taxes | 2 | 4 | 6 | 8 | |||
Net income | (7) | (6) | (11) | (12) | |||
RJR | Reclassification out of Accumulated Other Comprehensive Income | Accumulated Net Unrealized Investment Gain (Loss) | RJR Tobacco | |||||||
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items] | |||||||
Other (income) expense, net | (3) | ||||||
Provision for income taxes | 1 | ||||||
Net income | (2) | ||||||
Eliminations | |||||||
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items] | |||||||
Cost of products sold | 27 | 31 | 65 | 58 | |||
Selling, general and administrative expenses | (2) | (2) | |||||
Operating income | 2 | 3 | |||||
Other (income) expense, net | (12) | (11) | (22) | (22) | |||
Interest and debt expense | (15) | (21) | (35) | (46) | |||
Income before income taxes | (10) | (11) | (22) | (19) | |||
Equity income from subsidiaries | (1,007) | (884) | (1,850) | (4,711) | |||
Net income | (1,017) | (895) | (1,872) | (4,730) | |||
Gain on divestiture | 2 | ||||||
Eliminations | RJR Tobacco | |||||||
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items] | |||||||
Cost of products sold | 39 | 43 | 89 | 89 | |||
Selling, general and administrative expenses | (1) | (2) | (1) | (2) | |||
Operating income | (1) | (2) | |||||
Other (income) expense, net | (11) | (11) | (21) | (22) | |||
Interest and debt expense | (17) | (22) | (37) | (48) | |||
Income before income taxes | (11) | (12) | (23) | (22) | |||
Equity income from subsidiaries | (2,563) | (1,848) | (4,720) | (6,515) | |||
Net income | (2,574) | (1,860) | (4,743) | (6,537) | |||
Eliminations | Reclassification out of Accumulated Other Comprehensive Income | |||||||
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items] | |||||||
Equity income from subsidiaries | 7 | 6 | 11 | (40) | |||
Net income | 7 | 6 | 11 | (40) | |||
Eliminations | Reclassification out of Accumulated Other Comprehensive Income | RJR Tobacco | |||||||
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items] | |||||||
Equity income from subsidiaries | 14 | 12 | 22 | (53) | |||
Net income | $ 14 | $ 12 | $ 22 | $ (53) | |||
[1] | Excludes excise taxes of $1,083 million and $1,120 million for the three months ended June 30, 2017 and 2016, respectively; and $2,065 million and $2,150 million for the six months ended June 30, 2017 and 2016, respectively. |
Condensed Consolidating State84
Condensed Consolidating Statements of Cash Flows (Detail) - USD ($) $ in Millions | 6 Months Ended | |
Jun. 30, 2017 | Jun. 30, 2016 | |
Condensed Financial Statements Captions [Line Items] | ||
Cash flows from (used in) operating activities | $ 1,277 | $ (725) |
Cash flows from (used in) investing activities: | ||
Capital expenditures | (66) | (94) |
Proceeds from settlement of investments | 182 | |
Proceeds from divestiture | 5,015 | |
Other, net | 1 | |
Net cash flows from (used in) investing activities | (65) | 5,103 |
Cash flows from (used in) financing activities: | ||
Dividends paid on common stock | (1,384) | (1,113) |
Repurchase of common stock | (139) | (149) |
Early extinguishment of debt | (3,650) | |
Premiums paid for early extinguishment of debt | (207) | |
Proceeds from termination of interest rate swaps | 66 | |
Debt financing fees | (7) | |
Excess tax benefit on stock-based compensation plans | 29 | 26 |
Borrowings under revolving credit facility | 500 | |
Repayments of borrowings under revolving credit facility | (500) | |
Net cash flows used in financing activities | (1,523) | (5,034) |
Effect of exchange rate changes on cash and cash equivalents | 18 | 7 |
Net change in cash and cash equivalents | (293) | (649) |
Cash and cash equivalents at beginning of period | 2,051 | 2,567 |
Cash and cash equivalents at end of period | 1,758 | 1,918 |
RAI | ||
Condensed Financial Statements Captions [Line Items] | ||
Cash flows from (used in) operating activities | 1,714 | (1,012) |
Cash flows from (used in) investing activities: | ||
Proceeds from divestiture | 5,015 | |
Return of intercompany investments | 145 | 412 |
Other, net | 205 | 260 |
Net cash flows from (used in) investing activities | 350 | 5,687 |
Cash flows from (used in) financing activities: | ||
Dividends paid on common stock | (1,384) | (1,113) |
Repurchase of common stock | (139) | (149) |
Early extinguishment of debt | (3,642) | |
Premiums paid for early extinguishment of debt | (206) | |
Debt financing fees | (7) | |
Excess tax benefit on stock-based compensation plans | 26 | |
Borrowings under revolving credit facility | 500 | |
Repayments of borrowings under revolving credit facility | (500) | |
Dividends paid on preferred stock | (21) | (21) |
Other, net | (11) | (11) |
Net cash flows used in financing activities | (1,555) | (5,123) |
Net change in cash and cash equivalents | 509 | (448) |
Cash and cash equivalents at beginning of period | 726 | 575 |
Cash and cash equivalents at end of period | 1,235 | 127 |
Guarantors | ||
Condensed Financial Statements Captions [Line Items] | ||
Cash flows from (used in) operating activities | 606 | 603 |
Cash flows from (used in) investing activities: | ||
Capital expenditures | (65) | (89) |
Proceeds from settlement of investments | 182 | |
Return of intercompany investments | 26 | |
Other, net | 12 | 11 |
Net cash flows from (used in) investing activities | (53) | 130 |
Cash flows from (used in) financing activities: | ||
Dividends paid on common stock | (985) | (247) |
Early extinguishment of debt | (8) | |
Premiums paid for early extinguishment of debt | (1) | |
Proceeds from termination of interest rate swaps | 66 | |
Distribution of equity | (145) | (412) |
Other, net | (250) | (260) |
Net cash flows used in financing activities | (1,380) | (862) |
Net change in cash and cash equivalents | (827) | (129) |
Cash and cash equivalents at beginning of period | 997 | 1,544 |
Cash and cash equivalents at end of period | 170 | 1,415 |
Guarantors | RJR Tobacco | ||
Condensed Financial Statements Captions [Line Items] | ||
Cash flows from (used in) operating activities | 442 | 38 |
Cash flows from (used in) investing activities: | ||
Return of intercompany investments | 679 | 598 |
Other, net | 9 | 8 |
Net cash flows from (used in) investing activities | 688 | 606 |
Cash flows from (used in) financing activities: | ||
Dividends paid on common stock | (985) | (247) |
Distribution of equity | (145) | (412) |
Net cash flows used in financing activities | (1,130) | (659) |
Net change in cash and cash equivalents | (15) | |
Cash and cash equivalents at beginning of period | 1 | 19 |
Cash and cash equivalents at end of period | 1 | 4 |
Non-Guarantors | ||
Condensed Financial Statements Captions [Line Items] | ||
Cash flows from (used in) operating activities | (37) | (23) |
Cash flows from (used in) investing activities: | ||
Capital expenditures | (1) | (5) |
Net cash flows from (used in) investing activities | (1) | (5) |
Cash flows from (used in) financing activities: | ||
Dividends paid on common stock | (25) | |
Distribution of equity | (26) | |
Other, net | 45 | |
Net cash flows used in financing activities | 45 | (51) |
Effect of exchange rate changes on cash and cash equivalents | 18 | 7 |
Net change in cash and cash equivalents | 25 | (72) |
Cash and cash equivalents at beginning of period | 328 | 448 |
Cash and cash equivalents at end of period | 353 | 376 |
Non-Guarantors | RJR Tobacco | ||
Condensed Financial Statements Captions [Line Items] | ||
Cash flows from (used in) operating activities | 1,045 | 611 |
Cash flows from (used in) investing activities: | ||
Capital expenditures | (20) | (35) |
Other, net | 11 | 11 |
Net cash flows from (used in) investing activities | (9) | (24) |
Cash flows from (used in) financing activities: | ||
Dividends paid on common stock | (1,063) | (205) |
Distribution of equity | (12) | (513) |
Other, net | (213) | (268) |
Net cash flows used in financing activities | (1,288) | (986) |
Effect of exchange rate changes on cash and cash equivalents | 18 | 7 |
Net change in cash and cash equivalents | (234) | (392) |
Cash and cash equivalents at beginning of period | 654 | 1,164 |
Cash and cash equivalents at end of period | 420 | 772 |
RJR | RJR Tobacco | ||
Condensed Financial Statements Captions [Line Items] | ||
Cash flows from (used in) operating activities | 510 | 120 |
Cash flows from (used in) investing activities: | ||
Capital expenditures | (46) | (59) |
Proceeds from settlement of investments | 182 | |
Return of intercompany investments | 12 | 495 |
Net cash flows from (used in) investing activities | (34) | 618 |
Cash flows from (used in) financing activities: | ||
Dividends paid on common stock | (365) | (9) |
Early extinguishment of debt | (8) | |
Premiums paid for early extinguishment of debt | (1) | |
Proceeds from termination of interest rate swaps | 66 | |
Distribution of equity | (679) | (580) |
Net cash flows used in financing activities | (1,044) | (532) |
Net change in cash and cash equivalents | (568) | 206 |
Cash and cash equivalents at beginning of period | 670 | 809 |
Cash and cash equivalents at end of period | 102 | 1,015 |
Eliminations | ||
Condensed Financial Statements Captions [Line Items] | ||
Cash flows from (used in) operating activities | (1,006) | (293) |
Cash flows from (used in) investing activities: | ||
Return of intercompany investments | (145) | (438) |
Other, net | (216) | (271) |
Net cash flows from (used in) investing activities | (361) | (709) |
Cash flows from (used in) financing activities: | ||
Dividends paid on common stock | 985 | 272 |
Dividends paid on preferred stock | 21 | 21 |
Distribution of equity | 145 | 438 |
Other, net | 216 | 271 |
Net cash flows used in financing activities | 1,367 | 1,002 |
Eliminations | RJR Tobacco | ||
Condensed Financial Statements Captions [Line Items] | ||
Cash flows from (used in) operating activities | (2,434) | (482) |
Cash flows from (used in) investing activities: | ||
Return of intercompany investments | (836) | (1,505) |
Other, net | (224) | (279) |
Net cash flows from (used in) investing activities | (1,060) | (1,784) |
Cash flows from (used in) financing activities: | ||
Dividends paid on common stock | 2,413 | 461 |
Dividends paid on preferred stock | 21 | 21 |
Distribution of equity | 836 | 1,505 |
Other, net | 224 | 279 |
Net cash flows used in financing activities | $ 3,494 | $ 2,266 |
Condensed Consolidating Balance
Condensed Consolidating Balance Sheets (Detail) - USD ($) $ in Millions | Jun. 30, 2017 | Dec. 31, 2016 | Jun. 30, 2016 | Dec. 31, 2015 |
Assets | ||||
Cash and cash equivalents | $ 1,758 | $ 2,051 | $ 1,918 | $ 2,567 |
Accounts receivable | 123 | 66 | ||
Accounts receivable, related party | 1 | 113 | ||
Other receivables | 11 | 10 | ||
Inventories | 1,448 | 1,645 | ||
Other current assets | 295 | 353 | ||
Total current assets | 3,636 | 4,238 | ||
Property, plant and equipment, net of accumulated depreciation | 1,338 | 1,348 | ||
Trademarks and other intangible assets, net of accumulated amortization | 29,432 | 29,444 | ||
Goodwill | 15,992 | 15,992 | ||
Other assets and deferred charges | 65 | 73 | ||
Total assets | 50,463 | 51,095 | ||
Liabilities and shareholders’ equity | ||||
Accounts payable | 193 | 221 | ||
Tobacco settlement accruals | 1,833 | 2,498 | ||
Due to related party | 7 | |||
Deferred revenue, related party | 106 | 66 | ||
Current maturities of long-term debt | 1,748 | 501 | ||
Dividends payable on common stock | 727 | 656 | ||
Other current liabilities | 935 | 1,036 | ||
Total current liabilities | 5,542 | 4,985 | ||
Long-term debt (less current maturities) | 11,390 | 12,664 | ||
Long-term deferred income taxes, net | 9,614 | 9,607 | ||
Long-term retirement benefits (less current portion) | 1,768 | 1,869 | ||
Long-term deferred revenue, related party | 19 | 39 | ||
Other noncurrent liabilities | 244 | 220 | ||
Shareholders' equity (deficit) | 21,886 | 21,711 | 21,400 | 18,252 |
Total liabilities and shareholders' equity | 50,463 | 51,095 | ||
RJR Tobacco | ||||
Assets | ||||
Goodwill | 13,306 | 13,306 | ||
RAI | ||||
Assets | ||||
Cash and cash equivalents | 1,235 | 726 | 127 | 575 |
Other receivables | 60 | 63 | ||
Other current assets | 13 | 112 | ||
Total current assets | 1,308 | 901 | ||
Property, plant and equipment, net of accumulated depreciation | 2 | 2 | ||
Long-term intercompany notes receivable | 1,184 | 1,390 | ||
Investment in subsidiaries | 34,501 | 36,865 | ||
Other assets and deferred charges | 70 | 80 | ||
Total assets | 37,065 | 39,238 | ||
Liabilities and shareholders’ equity | ||||
Accounts payable | 2 | 1 | ||
Current maturities of long-term debt | 1,695 | 448 | ||
Dividends payable on common stock | 727 | 656 | ||
Other current liabilities | 1,378 | 3,767 | ||
Total current liabilities | 3,802 | 4,872 | ||
Long-term intercompany notes payable | 138 | 148 | ||
Long-term debt (less current maturities) | 11,134 | 12,404 | ||
Long-term retirement benefits (less current portion) | 58 | 59 | ||
Other noncurrent liabilities | 47 | 44 | ||
Shareholders' equity (deficit) | 21,886 | 21,711 | ||
Total liabilities and shareholders' equity | 37,065 | 39,238 | ||
Guarantors | ||||
Assets | ||||
Cash and cash equivalents | 170 | 997 | 1,415 | 1,544 |
Accounts receivable | 118 | 62 | ||
Accounts receivable, related party | 1 | 113 | ||
Other receivables | 1,128 | 3,572 | ||
Inventories | 1,400 | 1,604 | ||
Other current assets | 287 | 238 | ||
Total current assets | 3,104 | 6,586 | ||
Property, plant and equipment, net of accumulated depreciation | 1,303 | 1,314 | ||
Trademarks and other intangible assets, net of accumulated amortization | 29,420 | 29,432 | ||
Goodwill | 15,976 | 15,976 | ||
Long-term intercompany notes receivable | 138 | 148 | ||
Investment in subsidiaries | 339 | 333 | ||
Other assets and deferred charges | 44 | 52 | ||
Total assets | 50,324 | 53,841 | ||
Liabilities and shareholders’ equity | ||||
Accounts payable | 182 | 213 | ||
Tobacco settlement accruals | 1,833 | 2,498 | ||
Due to related party | 7 | |||
Deferred revenue, related party | 106 | 66 | ||
Current maturities of long-term debt | 53 | 53 | ||
Other current liabilities | 756 | 871 | ||
Total current liabilities | 2,930 | 3,708 | ||
Long-term intercompany notes payable | 650 | 900 | ||
Long-term debt (less current maturities) | 256 | 260 | ||
Long-term deferred income taxes, net | 9,725 | 9,700 | ||
Long-term retirement benefits (less current portion) | 1,587 | 1,767 | ||
Long-term deferred revenue, related party | 19 | 39 | ||
Other noncurrent liabilities | 194 | 176 | ||
Shareholders' equity (deficit) | 34,963 | 37,291 | ||
Total liabilities and shareholders' equity | 50,324 | 53,841 | ||
Guarantors | RJR Tobacco | ||||
Assets | ||||
Cash and cash equivalents | 1 | 1 | 4 | 19 |
Other receivables | 17 | 38 | ||
Total current assets | 18 | 39 | ||
Goodwill | 9,853 | 9,853 | ||
Long-term intercompany notes receivable | 65 | 73 | ||
Investment in subsidiaries | 21,098 | 23,938 | ||
Other assets and deferred charges | 10 | 11 | ||
Total assets | 31,044 | 33,914 | ||
Liabilities and shareholders’ equity | ||||
Other current liabilities | 38 | 2 | ||
Total current liabilities | 38 | 2 | ||
Long-term retirement benefits (less current portion) | 26 | 28 | ||
Shareholders' equity (deficit) | 30,980 | 33,884 | ||
Total liabilities and shareholders' equity | 31,044 | 33,914 | ||
Non-Guarantors | ||||
Assets | ||||
Cash and cash equivalents | 353 | 328 | 376 | 448 |
Accounts receivable | 5 | 4 | ||
Other receivables | 88 | 17 | ||
Inventories | 50 | 43 | ||
Other current assets | 4 | |||
Total current assets | 500 | 392 | ||
Property, plant and equipment, net of accumulated depreciation | 33 | 32 | ||
Trademarks and other intangible assets, net of accumulated amortization | 14 | 14 | ||
Goodwill | 16 | 16 | ||
Other assets and deferred charges | 64 | 37 | ||
Total assets | 627 | 491 | ||
Liabilities and shareholders’ equity | ||||
Accounts payable | 9 | 7 | ||
Other current liabilities | 78 | 40 | ||
Total current liabilities | 87 | 47 | ||
Long-term intercompany notes payable | 534 | 490 | ||
Long-term retirement benefits (less current portion) | 123 | 43 | ||
Other noncurrent liabilities | 3 | |||
Shareholders' equity (deficit) | (120) | (89) | ||
Total liabilities and shareholders' equity | 627 | 491 | ||
Non-Guarantors | RJR Tobacco | ||||
Assets | ||||
Cash and cash equivalents | 420 | 654 | 772 | 1,164 |
Accounts receivable | 51 | 39 | ||
Other receivables | 1,158 | 4,828 | ||
Inventories | 702 | 835 | ||
Other current assets | 89 | 43 | ||
Total current assets | 2,420 | 6,399 | ||
Property, plant and equipment, net of accumulated depreciation | 491 | 491 | ||
Trademarks and other intangible assets, net of accumulated amortization | 29,124 | 29,129 | ||
Goodwill | 2,685 | 2,686 | ||
Long-term intercompany notes receivable | 138 | 148 | ||
Other assets and deferred charges | 14 | 13 | ||
Total assets | 34,872 | 38,866 | ||
Liabilities and shareholders’ equity | ||||
Accounts payable | 26 | 30 | ||
Tobacco settlement accruals | 104 | 172 | ||
Other current liabilities | 257 | 268 | ||
Total current liabilities | 387 | 470 | ||
Long-term intercompany notes payable | 1,249 | 1,463 | ||
Long-term deferred income taxes, net | 10,781 | 10,839 | ||
Long-term retirement benefits (less current portion) | 217 | 131 | ||
Other noncurrent liabilities | 29 | 23 | ||
Shareholders' equity (deficit) | 22,209 | 25,940 | ||
Total liabilities and shareholders' equity | 34,872 | 38,866 | ||
RJR | RJR Tobacco | ||||
Assets | ||||
Cash and cash equivalents | 102 | 670 | $ 1,015 | $ 809 |
Accounts receivable | 72 | 27 | ||
Accounts receivable, related party | 1 | 113 | ||
Other receivables | 95 | 5 | ||
Inventories | 748 | 812 | ||
Other current assets | 202 | 195 | ||
Total current assets | 1,220 | 1,822 | ||
Property, plant and equipment, net of accumulated depreciation | 845 | 855 | ||
Trademarks and other intangible assets, net of accumulated amortization | 309 | 317 | ||
Goodwill | 3,454 | 3,453 | ||
Investment in subsidiaries | 18,674 | 22,954 | ||
Other assets and deferred charges | 1,141 | 1,204 | ||
Total assets | 25,643 | 30,605 | ||
Liabilities and shareholders’ equity | ||||
Accounts payable | 165 | 190 | ||
Tobacco settlement accruals | 1,729 | 2,326 | ||
Due to related party | 7 | |||
Deferred revenue, related party | 106 | 66 | ||
Current maturities of long-term debt | 53 | 53 | ||
Other current liabilities | 592 | 1,923 | ||
Total current liabilities | 2,645 | 4,565 | ||
Long-term debt (less current maturities) | 256 | 260 | ||
Long-term retirement benefits (less current portion) | 1,467 | 1,651 | ||
Long-term deferred revenue, related party | 19 | 39 | ||
Other noncurrent liabilities | 168 | 153 | ||
Shareholders' equity (deficit) | 21,088 | 23,937 | ||
Total liabilities and shareholders' equity | 25,643 | 30,605 | ||
Eliminations | ||||
Assets | ||||
Other receivables | (1,265) | (3,642) | ||
Inventories | (2) | (2) | ||
Other current assets | (9) | 3 | ||
Total current assets | (1,276) | (3,641) | ||
Trademarks and other intangible assets, net of accumulated amortization | (2) | (2) | ||
Long-term intercompany notes receivable | (1,322) | (1,538) | ||
Investment in subsidiaries | (34,840) | (37,198) | ||
Other assets and deferred charges | (113) | (96) | ||
Total assets | (37,553) | (42,475) | ||
Liabilities and shareholders’ equity | ||||
Other current liabilities | (1,277) | (3,642) | ||
Total current liabilities | (1,277) | (3,642) | ||
Long-term intercompany notes payable | (1,322) | (1,538) | ||
Long-term deferred income taxes, net | (111) | (93) | ||
Shareholders' equity (deficit) | (34,843) | (37,202) | ||
Total liabilities and shareholders' equity | (37,553) | (42,475) | ||
Eliminations | RJR Tobacco | ||||
Assets | ||||
Other receivables | (1,319) | (4,924) | ||
Inventories | (2) | (2) | ||
Other current assets | (9) | 3 | ||
Total current assets | (1,330) | (4,923) | ||
Trademarks and other intangible assets, net of accumulated amortization | (1) | (2) | ||
Long-term intercompany notes receivable | (1,387) | (1,611) | ||
Investment in subsidiaries | (74,273) | (83,757) | ||
Other assets and deferred charges | (1,170) | (1,235) | ||
Total assets | (78,161) | (91,528) | ||
Liabilities and shareholders’ equity | ||||
Other current liabilities | (1,330) | (4,924) | ||
Total current liabilities | (1,330) | (4,924) | ||
Long-term intercompany notes payable | (1,387) | (1,611) | ||
Long-term deferred income taxes, net | (1,167) | (1,232) | ||
Shareholders' equity (deficit) | (74,277) | (83,761) | ||
Total liabilities and shareholders' equity | $ (78,161) | $ (91,528) |
RJR Tobacco Guaranteed Unsecure
RJR Tobacco Guaranteed Unsecured Notes - Condensed Consolidating Financial Statements - Additional Information (Detail) $ in Millions | Jun. 30, 2017USD ($) |
RJR | |
Condensed Financial Statements Captions [Line Items] | |
Aggregate principal amount of unsecured notes | $ 284 |
Subsequent Event - Additional I
Subsequent Event - Additional Information (Detail) - Jul. 25, 2017 - BAT and Subsidiaries - Subsequent Event $ / shares in Units, £ in Billions, $ in Billions | USD ($)$ / shares | GBP (£) |
Subsequent Event [Line Items] | ||
Percentage of RAI's common stock acquired | 58.00% | |
Cash paid to acquire business | $ | $ 54.5 | |
Shares conversion ratio in acquisition | 0.5260 | |
Cash consideration per share | $ / shares | $ 29.44 | |
Euro Medium Term Note | ||
Subsequent Event [Line Items] | ||
Long term debt | £ | £ 25 |