Altria (MO) 8-K Cost Associated with Exit or Disposal Activities

Exhibit 12

Altria Group, Inc. and Subsidiaries
Computation of Ratios of Earnings to Fixed Charges
(in millions of dollars)
	For the Years Ended December 31,
	2015			2014			2013			2012			2011
Earnings before income taxes	$	8,078		$	7,774		$	6,942		$	6,477		$	5,582
Add (deduct):
Equity in net earnings of less than 50% owned affiliates	(755		)	(1,011		)	(993		)	(1,229		)	(741		)
Dividends from less than 50% owned affiliates	495			459			443			404			374
Fixed charges	821			879			1,104			1,165			1,254
Interest capitalized, net of amortization	14			6			(7		)	(4		)	(2		)
Earnings available for fixed charges	$	8,653		$	8,107		$	7,489		$	6,813		$	6,467
Fixed charges:
Interest incurred (1)	$	805		$	861		$	1,087		$	1,148		$	1,233
Portion of rent expense deemed to represent interest factor	16			18			17			17			21
Fixed charges	$	821		$	879		$	1,104		$	1,165		$	1,254
Ratio of earnings to fixed charges	10.5			9.2			6.8			5.8			5.2
(1) Altria Group, Inc. includes interest relating to uncertain tax positions in its provision for income taxes, therefore such amounts are not included in fixed charges in the computation.

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