Document And Entity Information
Document And Entity Information - USD ($) $ in Billions | 12 Months Ended | ||
Dec. 31, 2015 | Feb. 12, 2016 | Jun. 30, 2015 | |
Document And Entity Information [Abstract] | |||
Document Type | 10-K | ||
Amendment Flag | false | ||
Document Period End Date | Dec. 31, 2015 | ||
Document Fiscal Year Focus | 2,015 | ||
Document Fiscal Period Focus | FY | ||
Trading Symbol | mo | ||
Entity Registrant Name | ALTRIA GROUP, INC. | ||
Entity Central Index Key | 764,180 | ||
Current Fiscal Year End Date | --12-31 | ||
Entity Well-known Seasoned Issuer | Yes | ||
Entity Current Reporting Status | Yes | ||
Entity Voluntary Filers | No | ||
Entity Filer Category | Large Accelerated Filer | ||
Entity Common Stock, Shares Outstanding | 1,957,931,815 | ||
Entity Public Float | $ 96 |
Consolidated Balance Sheets
Consolidated Balance Sheets - USD ($) $ in Millions | Dec. 31, 2015 | Dec. 31, 2014 |
Assets | ||
Cash and cash equivalents | $ 2,369 | $ 3,321 |
Receivables | 124 | 124 |
Inventories: | ||
Leaf tobacco | 957 | 991 |
Other raw materials | 181 | 200 |
Work in process | 444 | 429 |
Finished product | 449 | 420 |
Inventory, net | 2,031 | 2,040 |
Deferred income taxes | 1,175 | 1,143 |
Other current assets | 387 | 250 |
Total current assets | 6,086 | 6,878 |
Property, plant and equipment, at cost: | ||
Land and land improvements | 295 | 293 |
Buildings and building equipment | 1,406 | 1,323 |
Machinery and equipment | 2,969 | 2,986 |
Construction in progress | 207 | 153 |
Property, plant and equipment, at cost | 4,877 | 4,755 |
Less accumulated depreciation | 2,895 | 2,772 |
Property, plant and equipment, net | 1,982 | 1,983 |
Goodwill | 5,285 | 5,285 |
Other intangible assets, net | 12,028 | 12,049 |
Investment in SABMiller | 5,483 | 6,183 |
Finance assets, net | 1,239 | 1,614 |
Other assets | 432 | 483 |
Total Assets | 32,535 | 34,475 |
Liabilities | ||
Current portion of long-term debt | 4 | 1,000 |
Accounts payable | 400 | 416 |
Accrued liabilities: | ||
Marketing | 695 | 618 |
Employment costs | 198 | 186 |
Settlement charges | 3,590 | 3,500 |
Other | 1,081 | 925 |
Dividends payable | 1,110 | 1,028 |
Total current liabilities | 7,078 | 7,673 |
Long-term debt | 12,915 | 13,693 |
Deferred income taxes | 5,663 | 6,088 |
Accrued pension costs | 1,277 | 1,012 |
Accrued postretirement health care costs | 2,245 | 2,461 |
Other liabilities | 447 | 503 |
Total liabilities | $ 29,625 | $ 31,430 |
Contingencies | ||
Redeemable noncontrolling interest | $ 37 | $ 35 |
Stockholders' Equity | ||
Common stock, par value $0.33 1/3 per share (2,805,961,317 shares issued) | 935 | 935 |
Additional paid-in capital | 5,813 | 5,735 |
Earnings reinvested in the business | 27,257 | 26,277 |
Accumulated other comprehensive losses | (3,280) | (2,682) |
Cost of repurchased stock (845,901,836 shares at December 31, 2015 and 834,486,794 shares at December 31, 2014) | (27,845) | (27,251) |
Total stockholders’ equity attributable to Altria Group, Inc. | 2,880 | 3,014 |
Noncontrolling interests | (7) | (4) |
Total stockholders’ equity | 2,873 | 3,010 |
Total Liabilities and Stockholders’ Equity | $ 32,535 | $ 34,475 |
Consolidated Balance Sheets (Pa
Consolidated Balance Sheets (Parenthetical) - $ / shares | Dec. 31, 2015 | Dec. 31, 2014 |
Statement of Financial Position [Abstract] | ||
Common stock, par value (usd per share) | $ 0.3333 | $ 0.3333 |
Common stock, shares issued (in shares) | 2,805,961,317 | 2,805,961,317 |
Cost of repurchased stock, shares (in shares) | 845,901,836 | 834,486,794 |
Consolidated Statements of Earn
Consolidated Statements of Earnings - USD ($) $ in Millions | 3 Months Ended | 12 Months Ended | |||||||||
Dec. 31, 2015 | Sep. 30, 2015 | Jun. 30, 2015 | Mar. 31, 2015 | Dec. 31, 2014 | Sep. 30, 2014 | Jun. 30, 2014 | Mar. 31, 2014 | Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | |
Income Statement [Abstract] | |||||||||||
Net revenues | $ 6,318 | $ 6,699 | $ 6,613 | $ 5,804 | $ 6,258 | $ 6,491 | $ 6,256 | $ 5,517 | $ 25,434 | $ 24,522 | $ 24,466 |
Cost of sales | 7,740 | 7,785 | 7,206 | ||||||||
Excise taxes on products | 6,580 | 6,577 | 6,803 | ||||||||
Gross profit | 2,722 | 3,046 | 2,871 | 2,475 | 2,627 | 2,674 | 2,603 | 2,256 | 11,114 | 10,160 | 10,457 |
Marketing, administration and research costs | 2,708 | 2,539 | 2,340 | ||||||||
Changes to Mondelēz and PMI tax-related receivables/payables | 41 | 2 | 22 | ||||||||
Asset impairment and exit costs | 4 | (1) | 11 | ||||||||
Operating income | 8,361 | 7,620 | 8,084 | ||||||||
Interest and other debt expense, net | 817 | 808 | 1,049 | ||||||||
Loss on early extinguishment of debt | 0 | 0 | 0 | 228 | 44 | 0 | 0 | 0 | 228 | 44 | 1,084 |
Earnings from equity investment in SABMiller | (757) | (1,006) | (991) | ||||||||
Other income, net | (5) | 0 | 0 | 0 | (5) | 0 | 0 | ||||
Earnings before income taxes | 8,078 | 7,774 | 6,942 | ||||||||
Provision for income taxes | 2,835 | 2,704 | 2,407 | ||||||||
Net earnings | 1,248 | 1,528 | 1,449 | 1,018 | 1,236 | 1,397 | 1,262 | 1,175 | 5,243 | 5,070 | 4,535 |
Net earnings attributable to noncontrolling interests | (2) | 0 | 0 | ||||||||
Net earnings attributable to Altria Group, Inc. | $ 1,247 | $ 1,528 | $ 1,448 | $ 1,018 | $ 1,236 | $ 1,397 | $ 1,262 | $ 1,175 | $ 5,241 | $ 5,070 | $ 4,535 |
Per share data: | |||||||||||
Basic and diluted earnings per share attributable to Altria Group, Inc. (usd per share) | $ 0.64 | $ 0.78 | $ 0.74 | $ 0.52 | $ 0.63 | $ 0.71 | $ 0.64 | $ 0.59 | $ 2.67 | $ 2.56 | $ 2.26 |
Statement of Comprehensive Earn
Statement of Comprehensive Earnings - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | |
Statement of Comprehensive Income [Abstract] | |||
Net earnings | $ 5,243 | $ 5,070 | $ 4,535 |
Other comprehensive earnings (losses), net of deferred income taxes: | |||
Currency translation adjustments | (3) | (2) | (2) |
Benefit plans | 30 | (767) | 1,141 |
SABMiller | (625) | (535) | (477) |
Other comprehensive (losses) earnings, net of deferred income taxes | (598) | (1,304) | 662 |
Comprehensive earnings | 4,645 | 3,766 | 5,197 |
Comprehensive earnings attributable to noncontrolling interests | (2) | 0 | 0 |
Comprehensive earnings attributable to Altria Group, Inc. | $ 4,643 | $ 3,766 | $ 5,197 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | |
Cash Provided by (Used in) Operating Activities | |||
Net earnings | $ 5,243 | $ 5,070 | $ 4,535 |
Adjustments to reconcile net earnings to operating cash flows: | |||
Depreciation and amortization | 225 | 208 | 212 |
Deferred income tax benefit | (132) | (129) | (86) |
Earnings from equity investment in SABMiller | (757) | (1,006) | (991) |
Dividends from SABMiller | 495 | 456 | 439 |
Loss on early extinguishment of debt | 228 | 44 | 1,084 |
Cash effects of changes, net of the effects from acquisition of Green Smoke: | |||
Receivables, net | 3 | (8) | 78 |
Inventories | (33) | (184) | (133) |
Accounts payable | (7) | (5) | (76) |
Income taxes | (12) | 1 | (95) |
Accrued liabilities and other current assets | 199 | (107) | (107) |
Accrued settlement charges | 90 | 109 | (225) |
Pension plan contributions | (28) | (15) | (393) |
Pension provisions and postretirement, net | 114 | 21 | 177 |
Other | 182 | 208 | (44) |
Net cash provided by operating activities | 5,810 | 4,663 | 4,375 |
Cash Provided by (Used in) Investing Activities | |||
Capital expenditures | (229) | (163) | (131) |
Acquisition of Green Smoke, net of acquired cash | 0 | (102) | 0 |
Proceeds from finance assets | 354 | 369 | 716 |
Payment for derivative financial instrument | (132) | 0 | 0 |
Other | (8) | 73 | 17 |
Net cash (used in) provided by investing activities | (15) | 177 | 602 |
Cash Provided by (Used in) Financing Activities | |||
Long-term debt issued | 0 | 999 | 4,179 |
Long-term debt repaid | (1,793) | (825) | (3,559) |
Repurchases of common stock | (554) | (939) | (634) |
Dividends paid on common stock | (4,179) | (3,892) | (3,612) |
Premiums and fees related to early extinguishment of debt | (226) | (44) | (1,054) |
Other | 5 | 7 | (22) |
Net cash used in financing activities | (6,747) | (4,694) | (4,702) |
Cash and cash equivalents: | |||
(Decrease) increase | (952) | 146 | 275 |
Balance at beginning of year | 3,321 | 3,175 | 2,900 |
Balance at end of year | 2,369 | 3,321 | 3,175 |
Cash Paid: Interest | 776 | 820 | 1,099 |
Cash Paid: Income taxes | $ 3,029 | $ 2,765 | $ 2,448 |
Consolidated Statements of Stoc
Consolidated Statements of Stockholders' Equity - USD ($) $ in Millions | Total | Common Stock [Member] | Additional Paid-in Capital [Member] | Earnings Reinvested in the Business [Member] | Accumulated Other Comprehensive Losses [Member] | Cost of Repurchased Stock [Member] | Non-Controlling Interests [Member] | ||
Beginning Balances at Dec. 31, 2012 | $ 3,170 | $ 935 | $ 5,688 | $ 24,316 | $ (2,040) | $ (25,731) | $ 2 | ||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||||||
Net earnings (losses) | [1] | 4,532 | 4,535 | (3) | |||||
Other comprehensive earnings (losses), net of deferred income taxes | 662 | 662 | |||||||
Stock award activity | 37 | 26 | 11 | ||||||
Cash dividends declared | (3,683) | (3,683) | |||||||
Repurchases of common stock | (600) | (600) | |||||||
Ending Balances at Dec. 31, 2013 | 4,118 | 935 | 5,714 | 25,168 | (1,378) | (26,320) | (1) | ||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||||||
Net earnings (losses) | 5,067 | [1] | 5,070 | (3) | |||||
Other comprehensive earnings (losses), net of deferred income taxes | (1,304) | (1,304) | |||||||
Stock award activity | 29 | 21 | 8 | ||||||
Cash dividends declared | (3,961) | (3,961) | |||||||
Repurchases of common stock | (939) | (939) | |||||||
Ending Balances at Dec. 31, 2014 | 3,010 | 935 | 5,735 | 26,277 | (2,682) | (27,251) | (4) | ||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||||||
Net earnings (losses) | 5,238 | [1] | 5,241 | (3) | |||||
Other comprehensive earnings (losses), net of deferred income taxes | (598) | (598) | |||||||
Stock award activity | 38 | 78 | (40) | ||||||
Cash dividends declared | (4,261) | (4,261) | |||||||
Repurchases of common stock | (554) | (554) | |||||||
Ending Balances at Dec. 31, 2015 | $ 2,873 | $ 935 | $ 5,813 | $ 27,257 | $ (3,280) | $ (27,845) | $ (7) | ||
[1] | Net losses attributable to noncontrolling interests for the years ended December 31, 2015, 2014 and 2013 exclude net earnings of $5 million, $3 million and $3 million, respectively, due to the redeemable noncontrolling interest related to Stag’s Leap Wine Cellars, which is reported in the mezzanine equity section in the consolidated balance sheets at December 31, 2015, 2014 and 2013, respectively. See Note 18. |
Consolidated Statements of Sto8
Consolidated Statements of Stockholders' Equity (Parenthetical) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | |
Statement of Stockholders' Equity [Abstract] | |||
Net earnings Attributable to noncontrolling interests | $ 5 | $ 3 | $ 3 |
Cash dividends declared (USD per share) | $ 2.17 | $ 2 | $ 1.84 |
Background and Basis of Present
Background and Basis of Presentation | 12 Months Ended |
Dec. 31, 2015 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Background and Basis of Presentation | Background and Basis of Presentation ▪ Background: At December 31, 2015 , Altria Group, Inc.’s wholly-owned subsidiaries included Philip Morris USA Inc. (“PM USA”), which is engaged predominantly in the manufacture and sale of cigarettes in the United States; John Middleton Co. (“Middleton”), which is engaged in the manufacture and sale of machine-made large cigars and pipe tobacco, and is a wholly-owned subsidiary of PM USA; and UST LLC (“UST”), which through its wholly-owned subsidiaries, including U.S. Smokeless Tobacco Company LLC (“USSTC”) and Ste. Michelle Wine Estates Ltd. (“Ste. Michelle”), is engaged in the manufacture and sale of smokeless tobacco products and wine. Altria Group, Inc.’s other operating companies included Nu Mark LLC (“Nu Mark”), a wholly-owned subsidiary that is engaged in the manufacture and sale of innovative tobacco products, and Philip Morris Capital Corporation (“PMCC”), a wholly-owned subsidiary that maintains a portfolio of finance assets, substantially all of which are leveraged leases. Other Altria Group, Inc. wholly-owned subsidiaries included Altria Group Distribution Company, which provides sales, distribution and consumer engagement services to certain Altria Group, Inc. operating subsidiaries, and Altria Client Services LLC, which provides various support services in areas such as legal, regulatory, finance, human resources and external affairs to Altria Group, Inc. and its subsidiaries. Altria Group, Inc.’s access to the operating cash flows of its wholly-owned subsidiaries consists of cash received from the payment of dividends and distributions, and the payment of interest on intercompany loans by its subsidiaries. At December 31, 2015 , Altria Group, Inc.’s principal wholly-owned subsidiaries were not limited by long-term debt or other agreements in their ability to pay cash dividends or make other distributions with respect to their equity interests. At December 31, 2015 , Altria Group, Inc. also held approximately 27% of the economic and voting interest of SABMiller plc (“SABMiller”), which Altria Group, Inc. accounts for under the equity method of accounting. Altria Group, Inc. receives cash dividends on its interest in SABMiller if and when SABMiller pays such dividends. On November 11, 2015, Anheuser-Busch InBev SA/NV (“AB InBev”) announced its firm offer to effect a business combination with SABMiller in a cash and stock transaction. For further discussion, see Note 6 . Investment in SABMiller . ▪ Basis of Presentation: The consolidated financial statements include Altria Group, Inc., as well as its wholly-owned and majority-owned subsidiaries. Investments in which Altria Group, Inc. has the ability to exercise significant influence are accounted for under the equity method of accounting. All intercompany transactions and balances have been eliminated. The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent liabilities at the dates of the financial statements and the reported amounts of net revenues and expenses during the reporting periods. Significant estimates and assumptions include, among other things, pension and benefit plan assumptions, lives and valuation assumptions for goodwill and other intangible assets, marketing programs, income taxes, and the allowance for losses and estimated residual values of finance leases. Actual results could differ from those estimates. |
Summary of Significant Accounti
Summary of Significant Accounting Policies | 12 Months Ended |
Dec. 31, 2015 | |
Accounting Policies [Abstract] | |
Summary of Significant Accounting Policies | Summary of Significant Accounting Policies ▪ Cash and Cash Equivalents: Cash equivalents include demand deposits with banks and all highly liquid investments with original maturities of three months or less. Cash equivalents are stated at cost plus accrued interest, which approximates fair value. ▪ Depreciation, Amortization, Impairment Testing and Asset Valuation: Property, plant and equipment are stated at historical costs and depreciated by the straight-line method over the estimated useful lives of the assets. Machinery and equipment are depreciated over periods up to 25 years, and buildings and building improvements over periods up to 50 years. Definite-lived intangible assets are amortized over their estimated useful lives up to 25 years. Altria Group, Inc. reviews long-lived assets, including definite-lived intangible assets, for impairment whenever events or changes in business circumstances indicate that the carrying value of the assets may not be fully recoverable. Altria Group, Inc. performs undiscounted operating cash flow analyses to determine if an impairment exists. For purposes of recognition and measurement of an impairment for assets held for use, Altria Group, Inc. groups assets and liabilities at the lowest level for which cash flows are separately identifiable. If an impairment is determined to exist, any related impairment loss is calculated based on fair value. Impairment losses on assets to be disposed of, if any, are based on the estimated proceeds to be received, less costs of disposal. Altria Group, Inc. also reviews the estimated remaining useful lives of long-lived assets whenever events or changes in business circumstances indicate the lives may have changed. Altria Group, Inc. conducts a required annual review of goodwill and indefinite-lived intangible assets for potential impairment, and more frequently if an event occurs or circumstances change that would require Altria Group, Inc. to perform an interim review. If the carrying value of goodwill exceeds its fair value, which is determined using discounted cash flows, goodwill is considered impaired. The amount of impairment loss is measured as the difference between the carrying value and the implied fair value. If the carrying value of an indefinite-lived intangible asset exceeds its fair value, which is determined using discounted cash flows, the intangible asset is considered impaired and is reduced to fair value. ▪ Derivative Financial Instruments: Derivative financial instruments are recorded at fair value on the consolidated balance sheets as either assets or liabilities. Changes in the fair value of derivatives are recorded each period either in accumulated other comprehensive earnings (losses) or in earnings, depending on the type of derivative and whether the derivative qualifies for hedge accounting treatment. Gains and losses on derivative instruments reported in accumulated other comprehensive earnings (losses) are reclassified to the consolidated statements of earnings in the periods in which operating results are affected by the respective hedged item. Cash flows from hedging instruments are classified in the same manner as the respective hedged item in the consolidated statements of cash flows. Altria Group, Inc. does not enter into or hold derivative financial instruments for trading or speculative purposes. ▪ Employee Benefit Plans: Altria Group, Inc. provides a range of benefits to its employees and retired employees, including pension, postretirement health care and postemployment benefits. Altria Group, Inc. records annual amounts relating to these plans based on calculations specified by U.S. GAAP, which include various actuarial assumptions as to discount rates, assumed rates of return on plan assets, mortality, compensation increases, turnover rates and health care cost trend rates. Altria Group, Inc. recognizes the funded status of its defined benefit pension and other postretirement plans on the consolidated balance sheet and records as a component of other comprehensive earnings (losses), net of deferred income taxes, the gains or losses and prior service costs or credits that have not been recognized as components of net periodic benefit cost. The gains or losses and prior service costs or credits recorded as components of other comprehensive earnings (losses) are subsequently amortized into net periodic benefit cost in future years. ▪ Environmental Costs: Altria Group, Inc. is subject to laws and regulations relating to the protection of the environment. Altria Group, Inc. provides for expenses associated with environmental remediation obligations on an undiscounted basis when such amounts are probable and can be reasonably estimated. Such accruals are adjusted as new information develops or circumstances change. Compliance with environmental laws and regulations, including the payment of any remediation and compliance costs or damages and the making of related expenditures, has not had, and is not expected to have, a material adverse effect on Altria Group, Inc.’s consolidated results of operations, capital expenditures, financial position or cash flows (see Note 18 . Contingencies - Environmental Regulation ). ▪ Fair Value Measurements: Altria Group, Inc. measures certain assets and liabilities at fair value. Fair value is defined as the exchange price that would be received to sell an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. Altria Group, Inc. uses a fair value hierarchy, which gives the highest priority to unadjusted quoted prices in active markets for identical assets and liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). The three levels of inputs used to measure fair value are: Level 1 Unadjusted quoted prices in active markets for identical assets or liabilities. Level 2 Observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. Level 3 Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. ▪ Finance Leases: Income attributable to leveraged leases is initially recorded as unearned income and subsequently recognized as revenue over the terms of the respective leases at constant after-tax rates of return on the positive net investment balances. Investments in leveraged leases are stated net of related nonrecourse debt obligations. Finance leases include unguaranteed residual values that represent PMCC’s estimates at lease inception as to the fair values of assets under lease at the end of the non-cancelable lease terms. The estimated residual values are reviewed at least annually by PMCC’s management. This review includes analysis of a number of factors, including activity in the relevant industry. If necessary, revisions are recorded to reduce the residual values. PMCC considers rents receivable past due when they are beyond the grace period of their contractual due date. PMCC stops recording income (“non-accrual status”) on rents receivable when contractual payments become 90 days past due or earlier if management believes there is significant uncertainty of collectability of rent payments, and resumes recording income when collectability of rent payments is reasonably certain. Payments received on rents receivable that are on non-accrual status are used to reduce the rents receivable balance. Write-offs to the allowance for losses are recorded when amounts are deemed to be uncollectible. ▪ Guarantees: Altria Group, Inc. recognizes a liability for the fair value of the obligation of qualifying guarantee activities. See Note 18 . Contingencies for a further discussion of guarantees. ▪ Income Taxes: Significant judgment is required in determining income tax provisions and in evaluating tax positions. Deferred tax assets and liabilities are determined based on the difference between the financial statement and tax bases of assets and liabilities, using enacted tax rates in effect for the year in which the differences are expected to reverse. Altria Group, Inc. records a valuation allowance when it is more-likely-than-not that some portion or all of a deferred tax asset will not be realized. Altria Group, Inc. recognizes a benefit for uncertain tax positions when a tax position taken or expected to be taken in a tax return is more-likely-than-not to be sustained upon examination by taxing authorities. The amount recognized is measured as the largest amount of benefit that is greater than 50% likely of being realized upon ultimate settlement. Altria Group, Inc. recognizes accrued interest and penalties associated with uncertain tax positions as part of the provision for income taxes on its consolidated statements of earnings. ▪ Inventories: Inventories are stated at the lower of cost or market. The last-in, first-out (“LIFO”) method is used to determine the cost of substantially all tobacco inventories. The cost of the remaining inventories is determined using the first-in, first-out and average cost methods. It is a generally recognized industry practice to classify leaf tobacco and wine inventories as current assets although part of such inventory, because of the duration of the curing and aging process, ordinarily would not be used within one year. ▪ Litigation Contingencies and Costs: Altria Group, Inc. and its subsidiaries record provisions in the consolidated financial statements for pending litigation when it is determined that an unfavorable outcome is probable and the amount of the loss can be reasonably estimated. Litigation defense costs are expensed as incurred and included in marketing, administration and research costs on the consolidated statements of earnings. ▪ Marketing Costs: Altria Group, Inc.’s businesses promote their products with consumer engagement programs, consumer incentives and trade promotions. Such programs include discounts, coupons, rebates, in-store display incentives, event marketing and volume-based incentives. Consumer engagement programs are expensed as incurred. Consumer incentive and trade promotion activities are recorded as a reduction of revenues, a portion of which is based on amounts estimated as being due to wholesalers, retailers and consumers at the end of a period, based principally on historical volume, utilization and redemption rates. For interim reporting purposes, consumer engagement programs and certain consumer incentive expenses are charged to operations as a percentage of sales, based on estimated sales and related expenses for the full year. ▪ Revenue Recognition: Altria Group, Inc.’s businesses recognize revenues, net of sales incentives and sales returns, and including shipping and handling charges billed to customers, upon shipment of goods when title and risk of loss pass to customers. Payments received in advance of revenue recognition are deferred and recorded in other accrued liabilities until revenue is recognized. Altria Group, Inc.’s businesses also include excise taxes billed to customers in net revenues. Shipping and handling costs are classified as part of cost of sales. ▪ Stock-Based Compensation: Altria Group, Inc. measures compensation cost for all stock-based awards at fair value on date of grant and recognizes compensation expense over the service periods for awards expected to vest. The fair value of restricted stock and restricted stock units (also known as deferred stock) is determined based on the number of shares granted and the market value at date of grant. ▪ New Accounting Standards: In May 2014, the Financial Accounting Standards Board (“FASB”) issued authoritative guidance for recognizing revenue from contracts with customers. The objective of this guidance is to establish principles for reporting information about the nature, amount, timing and uncertainty of revenue and cash flows arising from an entity’s contracts with customers. As a result of an August 2015 FASB update, the new guidance will be effective for Altria Group, Inc. for annual reporting periods beginning after December 15, 2017, including interim periods within that reporting period. Early adoption is permitted only as of annual reporting periods beginning after December 15, 2016, including interim reporting periods within that reporting period. Altria Group, Inc. is in the process of evaluating the impact of this guidance on its consolidated financial statements and related disclosures. In April 2015, the FASB issued authoritative guidance to simplify the presentation of debt issuance costs by requiring that debt issuance costs related to a recognized debt liability be presented on the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts, rather than as a deferred charge (an asset). For Altria Group, Inc., the new guidance will be effective for annual reporting periods beginning after December 15, 2015, including interim periods within that reporting period. The guidance requires all prior period balance sheets to be adjusted retrospectively and early adoption is permitted. Altria Group, Inc. will adopt the new guidance in the first quarter of 2016. At December 31, 2015 and 2014 , Altria Group, Inc. had $72 million and $83 million , respectively, of debt issuance costs included in other assets on its consolidated balance sheets. In November 2015, the FASB issued authoritative guidance to simplify the presentation of deferred income taxes by requiring that deferred tax liabilities and assets be classified as noncurrent in a classified statement of financial position. This guidance does not change the current requirement that deferred tax liabilities and assets for each tax-paying jurisdiction be offset and presented as a single amount. For Altria Group, Inc., the new guidance will be effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period. Early adoption is permitted. The guidance may be applied either prospectively to all deferred tax liabilities and assets or retrospectively to all periods presented. Altria Group, Inc. will adopt the new guidance by the first quarter of 2017. Under the new guidance, at December 31, 2015 , current deferred income tax assets of approximately $1.2 billion would have been reclassified to noncurrent deferred income tax liabilities ( $1.0 billion ) and noncurrent deferred income tax assets ( $0.2 billion ). On January 5, 2016, the FASB issued authoritative guidance to address certain aspects of recognition, measurement, presentation and disclosure of financial instruments. For Altria Group, Inc., the new guidance will be effective for annual reporting periods beginning after December 15, 2017, including interim periods within that reporting period. Early adoption of the guidance is not permitted, except for a certain provision of the guidance. Altria Group, Inc. is in the process of evaluating the impact of this guidance on its consolidated financial statements and related disclosures. |
Acquisition of Green Smoke
Acquisition of Green Smoke | 12 Months Ended |
Dec. 31, 2015 | |
Business Combinations [Abstract] | |
Acquisition of Green Smoke | Acquisition of Green Smoke In April 2014, Nu Mark acquired the e-vapor business of Green Smoke, Inc. and its affiliates (“Green Smoke”) for a total purchase price of approximately $130 million . The acquisition complements Nu Mark’s capabilities and enhances its competitive position by adding e-vapor experience, broadening product offerings and strengthening supply chain capabilities. Green Smoke’s financial position and results of operations have been consolidated with Altria Group, Inc. as of April 1, 2014. Pro forma results, as well as net revenues and net earnings for Green Smoke subsequent to the acquisition, have not been presented because the acquisition of Green Smoke is not material to Altria Group, Inc.’s consolidated results of operations. The purchase price allocation has been completed, and there were no changes subsequent to the acquisition date. Costs incurred to effect the acquisition, as well as integration costs, were recognized as expenses in the periods in which the costs were incurred. For the years ended December 31, 2015 and 2014 , Altria Group, Inc. incurred $7 million and $28 million , respectively, of pre-tax integration and acquisition-related costs, consisting primarily of contract termination costs, transaction costs and inventory adjustments, which were included in Altria Group, Inc.’s consolidated statements of earnings. |
Goodwill and Other Intangible A
Goodwill and Other Intangible Assets, net | 12 Months Ended |
Dec. 31, 2015 | |
Goodwill and Intangible Assets Disclosure [Abstract] | |
Goodwill and Other Intangible Assets, net | Goodwill and Other Intangible Assets, net Goodwill and other intangible assets, net, by segment were as follows: Goodwill Other Intangible Assets, net (in millions) December 31, 2015 December 31, 2014 December 31, 2015 December 31, 2014 Smokeable products $ 77 $ 77 $ 2,919 $ 2,937 Smokeless products 5,023 5,023 8,831 8,833 Wine 74 74 267 268 Other 111 111 11 11 Total $ 5,285 $ 5,285 $ 12,028 $ 12,049 Goodwill relates to Altria Group, Inc.’s 2014 acquisition of Green Smoke, 2009 acquisition of UST and 2007 acquisition of Middleton. Other intangible assets consisted of the following: December 31, 2015 December 31, 2014 (in millions) Gross Carrying Amount Accumulated Amortization Gross Carrying Amount Accumulated Amortization Indefinite-lived intangible assets $ 11,711 $ — $ 11,711 $ — Definite-lived intangible assets 465 148 465 127 Total other intangible assets $ 12,176 $ 148 $ 12,176 $ 127 Indefinite-lived intangible assets consist substantially of trademarks from Altria Group, Inc.’s 2009 acquisition of UST ( $9.1 billion ) and 2007 acquisition of Middleton ( $2.6 billion ). Definite-lived intangible assets, which consist primarily of customer relationships and certain cigarette trademarks, are amortized over periods up to 25 years. Pre-tax amortization expense for definite-lived intangible assets during the years ended December 31, 2015 , 2014 and 2013 , was $21 million , $20 million and $20 million , respectively. Annual amortization expense for each of the next five years is estimated to be approximately $20 million , assuming no additional transactions occur that require the amortization of intangible assets. During 2015 , 2014 and 2013 , Altria Group, Inc. completed its quantitative annual impairment test of goodwill and indefinite-lived intangible assets, and no impairment charges resulted. For the years ended December 31, 2015 , 2014 and 2013 , there have been no changes in goodwill and the gross carrying amount of other intangible assets except for the 2014 acquisition of Green Smoke. In addition, there were no accumulated impairment losses related to goodwill and other intangible assets, net at December 31, 2015 and 2014 . |
Inventories
Inventories | 12 Months Ended |
Dec. 31, 2015 | |
Inventory Disclosure [Abstract] | |
Inventories | Inventories The cost of approximately 65% and 66% of inventories at December 31, 2015 and 2014 , respectively, was determined using the LIFO method. The stated LIFO amounts of inventories were approximately $0.7 billion lower than the current cost of inventories at December 31, 2015 and 2014 . |
Investment in SABMiller
Investment in SABMiller | 12 Months Ended |
Dec. 31, 2015 | |
Equity Method Investments and Joint Ventures [Abstract] | |
Investment in SABMiller | Investment in SABMiller At December 31, 2015 , Altria Group, Inc. held approximately 27% of the economic and voting interest of SABMiller. Altria Group, Inc. accounts for its investment in SABMiller under the equity method of accounting. Pre-tax earnings from Altria Group, Inc.’s equity investment in SABMiller were $757 million , $1,006 million and $991 million for the years ended December 31, 2015 , 2014 and 2013 , respectively. Summary financial data of SABMiller is as follows: At December 31, (in millions) 2015 2014 Current assets $ 4,266 $ 5,878 Long-term assets $ 38,425 $ 43,812 Current liabilities $ 6,282 $ 10,051 Long-term liabilities $ 13,960 $ 14,731 Noncontrolling interests $ 1,235 $ 1,241 For the Years Ended December 31, (in millions) 2015 2014 2013 Net revenues $ 20,188 $ 22,380 $ 22,684 Operating profit $ 3,690 $ 4,478 $ 4,201 Net earnings $ 2,838 $ 3,532 $ 3,375 The fair value of Altria Group, Inc.’s equity investment in SABMiller is based on unadjusted quoted prices in active markets and is classified in Level 1 of the fair value hierarchy. The fair value of Altria Group, Inc.’s equity investment in SABMiller at December 31, 2015 and 2014 , was $25.8 billion and $22.5 billion , respectively, as compared with its carrying value of $5.5 billion and $6.2 billion , respectively. At December 31, 2015 , Altria Group, Inc.’s earnings reinvested in the business on its consolidated balance sheet included approximately $3.2 billion of undistributed earnings from its equity investment in SABMiller. ▪ AB InBev and SABMiller Business Combination: On November 11, 2015, AB InBev announced its firm offer to effect a business combination with SABMiller in a cash and stock transaction valued at approximately $107 billion . Under the terms of the transaction, SABMiller shareholders will receive 44 British pounds in cash for each SABMiller share, with a partial share alternative (“PSA”) available for approximately 41% of the SABMiller shares. Under the terms of the PSA, SABMiller shareholders may elect to receive for each SABMiller share held (i) 0.483969 restricted shares (the “Restricted Shares”) in a newly formed Belgian company (“NewCo”) that will own the combined SABMiller and AB InBev business plus (ii) 3.7788 British pounds (“GBP”) in cash. On November 10, 2015, the Board of Directors of Altria Group, Inc. (the “Board of Directors”) authorized Altria Group, Inc. to provide an irrevocable undertaking to vote Altria Group, Inc.’s shares of SABMiller in favor of the proposed transaction and to elect the PSA (the “Irrevocable Undertaking”). Altria Group, Inc. delivered the Irrevocable Undertaking on November 11, 2015. If the transaction is completed, NewCo will acquire SABMiller and, following the closing of that acquisition, AB InBev will merge into NewCo. Altria Group, Inc. expects to exchange its approximate 27% economic and voting interest in SABMiller for an interest that will be converted into Restricted Shares representing an approximate 10.5% economic and voting interest in NewCo plus approximately $2.5 billion in pre-tax cash (subject to proration as further described below). The Restricted Shares of NewCo will: ▪ be unlisted and not admitted to trading on any stock exchange; ▪ be subject to a five -year lock-up from closing (subject to limited exceptions); ▪ be convertible into ordinary shares of NewCo on a one-for-one basis after the end of this five -year lock-up period; ▪ rank equally with ordinary shares of NewCo with regards to dividends and voting rights; and ▪ have director nomination rights with respect to NewCo. Altria Group, Inc. expects that its gain on the transaction will be deferred for United States corporate income tax purposes, except to the extent of cash consideration received. Altria Group, Inc. and AB InBev have entered into a tax matters agreement providing for certain covenants, representations and warranties and indemnification obligations of AB InBev and NewCo in connection with the transaction and the provision of information necessary to assist Altria Group, Inc. in connection with its United States federal income tax reporting. Based on the anticipated structure of the transaction, Altria Group, Inc. expects to account for its investment in NewCo under the equity method of accounting. Altria Group, Inc. and AB InBev have entered into an information rights agreement pursuant to which, following completion of the transaction, NewCo will provide Altria Group, Inc. with certain financial information necessary to assist Altria Group, Inc. in connection with its financial reporting, financial controls and financial planning. Upon closing of the transaction, Altria Group, Inc. estimates that it will record a one-time pre-tax accounting gain of approximately $12 billion , or $8 billion after-tax. This estimate is based on the AB InBev share price, GBP to United States dollar (“USD”) exchange rate and book value of Altria Group, Inc.’s investment in SABMiller at December 31, 2015. The actual gain recorded at closing may vary significantly from this estimate based on changes to these factors and any proration of Restricted Shares as discussed further below. If the transaction is completed, Altria Group, Inc. expects to receive Restricted Shares representing an economic and voting interest in NewCo of approximately 10.5% ; however, the number of shares that Altria Group, Inc. receives and its corresponding percentage ownership of NewCo at closing are subject to proration because the PSA limits the maximum number of shares that may be issued under the offer to 326 million NewCo Restricted Shares. To the extent that elections for the PSA exceed this maximum number and cannot be satisfied in full, the equity portion of all PSA elections will be adjusted downwards on a pro rata basis. It is possible that significant proration could (i) reduce Altria Group, Inc.’s projected percentage ownership of NewCo; (ii) increase the amount of cash that Altria Group, Inc. receives; (iii) increase the amount of the pre-tax gain recorded by Altria Group, Inc.; (iv) impose additional tax liabilities on Altria Group, Inc.; and (v) impact Altria Group, Inc.’s ability to account for its investment in NewCo under the equity method of accounting. The transaction is subject to certain closing conditions, including shareholder approvals of both SABMiller and AB InBev, and receipt of the required regulatory approvals. Derivative Financial Instrument: On November 11, 2015, Altria Group, Inc. entered into a derivative financial instrument in the form of a put option (the “option”) to hedge Altria Group, Inc.’s exposure to foreign currency exchange rate movements for the GBP, which would impact the USD cash consideration that Altria Group, Inc. expects to receive under the PSA. Altria Group, Inc. has the ability to exercise or terminate the option up to its expiration date of May 11, 2017. The notional amount of the option is $2,467 million ( 1,625 million GBP). The option does not qualify for hedge accounting; therefore, changes in the fair value of the option will be recorded as a pre-tax gain or loss in Altria Group, Inc.’s consolidated statement of earnings for the periods in which the changes occur. For the year ended December 31, 2015, Altria Group, Inc. recorded a pre-tax gain of $20 million for the change in the fair value of the option, which was included in other income, net. The fair value of the option is determined using a binomial option pricing model, which reflects the contractual terms of the option and other observable market-based inputs, and is classified in Level 2 of the fair value hierarchy. At December 31, 2015, the fair value of the option of $152 million was recorded in other current assets in Altria Group, Inc.’s consolidated balance sheet. |
Finance Assets, net
Finance Assets, net | 12 Months Ended |
Dec. 31, 2015 | |
Receivables [Abstract] | |
Finance Assets, net | Finance Assets, net In 2003, PMCC ceased making new investments and began focusing exclusively on managing its portfolio of finance assets in order to maximize its operating results and cash flows from its existing lease portfolio activities and asset sales. Accordingly, PMCC’s operating companies income will fluctuate over time as investments mature or are sold. At December 31, 2015 , finance assets, net, of $1,239 million were comprised of investments in finance leases of $ 1,281 million , reduced by the allowance for losses of $42 million . At December 31, 2014 , finance assets, net, of $1,614 million were comprised of investments in finance leases of $1,656 million , reduced by the allowance for losses of $42 million . A summary of the net investments in finance leases, substantially all of which were leveraged leases, at December 31, 2015 and 2014 , before allowance for losses was as follows: (in millions) 2015 2014 Rents receivable, net $ 923 $ 1,241 Unguaranteed residual values 674 827 Unearned income (316 ) (412 ) Investments in finance leases 1,281 1,656 Deferred income taxes (928 ) (1,135 ) Net investments in finance leases $ 353 $ 521 Rents receivable, net, represent unpaid rents, net of principal and interest payments on third-party nonrecourse debt. PMCC’s rights to rents receivable are subordinate to the third-party nonrecourse debtholders and the leased equipment is pledged as collateral to the debtholders. The repayment of the nonrecourse debt is collateralized by lease payments receivable and the leased property, and is nonrecourse to the general assets of PMCC. As required by U.S. GAAP, the third-party nonrecourse debt of $1.2 billion and $2.1 billion at December 31, 2015 and 2014 , respectively, has been offset against the related rents receivable. There were no leases with contingent rentals in 2015 and 2014 . In 2015 and 2014 , PMCC’s review of estimated residual values resulted in a decrease of $65 million and $63 million , respectively, to unguaranteed residual values. These decreases in unguaranteed residual values resulted in a reduction to PMCC’s net revenues of $41 million and $26 million in 2015 and 2014 , respectively. There were no such adjustments in 2013. At December 31, 2015 , PMCC’s investments in finance leases were principally comprised of the following investment categories: aircraft ( 45% ), electric power ( 24% ), railcar ( 12% ), real estate ( 12% ) and manufacturing ( 7% ). There were no investments located outside the United States at December 31, 2015 and 2014 . Rents receivable in excess of debt service requirements on third-party nonrecourse debt at December 31, 2015 were as follows: (in millions) 2016 $ 42 2017 64 2018 155 2019 192 2020 136 Thereafter 334 Total $ 923 Included in net revenues for the years ended December 31, 2015 , 2014 and 2013 were leveraged lease revenues of $46 million , $80 million and $209 million , respectively. Income tax expense, excluding interest on tax underpayments, on leveraged lease revenues for the years ended December 31, 2015 , 2014 and 2013 was $17 million , $30 million and $80 million , respectively. PMCC maintains an allowance for losses that provides for estimated credit losses on its investments in finance leases. PMCC’s portfolio consists substantially of leveraged leases to a diverse base of lessees participating in a variety of industries. Losses on such leases are recorded when probable and estimable. PMCC regularly performs a systematic assessment of each individual lease in its portfolio to determine potential credit or collection issues that might indicate impairment. Impairment takes into consideration both the probability of default and the likelihood of recovery if default were to occur. PMCC considers both quantitative and qualitative factors of each investment when performing its assessment of the allowance for losses. Quantitative factors that indicate potential default are tied most directly to public debt ratings. PMCC monitors publicly available information on its obligors, including financial statements and credit rating agency reports. Qualitative factors that indicate the likelihood of recovery if default were to occur include underlying collateral value, other forms of credit support, and legal/structural considerations impacting each lease. Using available information, PMCC calculates potential losses for each lease in its portfolio based on its default and recovery rating assumptions for each lease. The aggregate of these potential losses forms a range of potential losses which is used as a guideline to determine the adequacy of PMCC’s allowance for losses. PMCC assesses the adequacy of its allowance for losses relative to the credit risk of its leasing portfolio on an ongoing basis. During 2014 and 2013 , PMCC determined that its allowance for losses exceeded the amount required based on management’s assessment of the credit quality and size of PMCC’s leasing portfolio. As a result, PMCC reduced its allowance for losses by $10 million and $47 million for the years ended December 31, 2014 and 2013 , respectively. These decreases to the allowance for losses were recorded as a reduction to marketing, administration and research costs on Altria Group, Inc.’s consolidated statements of earnings. PMCC believes that, as of December 31, 2015 , the allowance for losses of $42 million was adequate. PMCC continues to monitor economic and credit conditions, and the individual situations of its lessees and their respective industries, and may increase or decrease its allowance for losses if such conditions change in the future. The activity in the allowance for losses on finance assets for the years ended December 31, 2015 , 2014 and 2013 was as follows: (in millions) 2015 2014 2013 Balance at beginning of year $ 42 $ 52 $ 99 Decrease to allowance — (10 ) (47 ) Balance at end of year $ 42 $ 42 $ 52 All PMCC lessees were current on their lease payment obligations as of December 31, 2015 . The credit quality of PMCC’s investments in finance leases as assigned by Standard & Poor’s Ratings Services (“Standard & Poor’s”) and Moody’s Investors Service, Inc. (“Moody’s”) at December 31, 2015 and 2014 was as follows: (in millions) 2015 2014 Credit Rating by Standard & Poor’s/Moody’s: “AAA/Aaa” to “A-/A3” $ 212 $ 417 “BBB+/Baa1” to “BBB-/Baa3” 702 833 “BB+/Ba1” and Lower 367 406 Total $ 1,281 $ 1,656 |
Short-Term Borrowings and Borro
Short-Term Borrowings and Borrowing Arrangements | 12 Months Ended |
Dec. 31, 2015 | |
Debt Disclosure [Abstract] | |
Short-Term Borrowings and Borrowing Arrangements | Short-Term Borrowings and Borrowing Arrangements At December 31, 2015 and December 31, 2014 , Altria Group, Inc. had no short-term borrowings. The credit line available to Altria Group, Inc. at December 31, 2015 under the Credit Agreement (as defined below) was $3.0 billion . During the third quarter of 2015, Altria Group, Inc. entered into an extension agreement (the “Extension Agreement”) to amend its $3.0 billion senior unsecured 5 -year revolving credit agreement, dated as of August 19, 2013 (the “Credit Agreement”). The Extension Agreement extends the expiration date of the Credit Agreement from August 19, 2019 to August 19, 2020 pursuant to the terms of the Credit Agreement. All other terms and conditions of the Credit Agreement remain in full force and effect. The Credit Agreement was previously amended in 2014 to extend the expiration date from August 19, 2018 to August 19, 2019 . The Credit Agreement provides for borrowings up to an aggregate principal amount of $3.0 billion . Pricing for interest and fees under the Credit Agreement may be modified in the event of a change in the rating of Altria Group, Inc.’s long-term senior unsecured debt. Interest rates on borrowings under the Credit Agreement are expected to be based on the London Interbank Offered Rate (“LIBOR”) plus a percentage based on the higher of the ratings of Altria Group, Inc.’s long-term senior unsecured debt from Moody’s and Standard & Poor’s. The applicable percentage based on Altria Group, Inc.’s long-term senior unsecured debt ratings at December 31, 2015 for borrowings under the Credit Agreement was 1.25% . The Credit Agreement does not include any other rating triggers, nor does it contain any provisions that could require the posting of collateral. The Credit Agreement is used for general corporate purposes and to support Altria Group, Inc.’s commercial paper issuances. The Credit Agreement requires that Altria Group, Inc. maintain (i) a ratio of debt to consolidated earnings before interest, taxes, depreciation and amortization (“EBITDA”) of not more than 3.0 to 1.0 and (ii) a ratio of consolidated EBITDA to consolidated interest expense of not less than 4.0 to 1.0, each calculated as of the end of the applicable quarter on a rolling four quarters basis. At December 31, 2015 , the ratios of debt to consolidated EBITDA and consolidated EBITDA to consolidated interest expense, calculated in accordance with the Credit Agreement, were 1.4 to 1.0 and 11.7 to 1.0, respectively. Altria Group, Inc. expects to continue to meet its covenants associated with the Credit Agreement. The terms “consolidated EBITDA,” “debt” and “consolidated interest expense,” as defined in the Credit Agreement, include certain adjustments. Any commercial paper issued by Altria Group, Inc. and borrowings under the Credit Agreement are guaranteed by PM USA as further discussed in Note 19 . Condensed Consolidating Financial Information. |
Long-Term Debt
Long-Term Debt | 12 Months Ended |
Dec. 31, 2015 | |
Debt Disclosure [Abstract] | |
Long-Term Debt | Long-Term Debt At December 31, 2015 and 2014 , Altria Group, Inc.’s long-term debt consisted of the following: (in millions) 2015 2014 Notes, 2.625% to 10.20%, interest payable semi-annually, due through 2044 (1) $ 12,861 $ 14,651 Debenture, 7.75%, interest payable semi-annually, due 2027 42 42 Other 16 — 12,919 14,693 Less current portion of long-term debt 4 1,000 $ 12,915 $ 13,693 (1) Weighted-average coupon interest rate of 5.5% and 5.7% at December 31, 2015 and 2014 , respectively. Aggregate maturities of long-term debt are as follows: (in millions) 2016 $ 4 2017 4 2018 867 2019 1,148 2020 1,000 2021 1,500 Thereafter 8,442 12,965 Less debt discounts 46 $ 12,919 Altria Group, Inc.’s estimate of the fair value of its debt is based on observable market information derived from a third party pricing source and is classified in Level 2 of the fair value hierarchy. The aggregate fair value of Altria Group, Inc.’s total long-term debt at December 31, 2015 and 2014 , was $14.5 billion and $17.0 billion , respectively, as compared with its carrying value of $12.9 billion and $14.7 billion , respectively. ▪ Altria Group, Inc. Senior Notes: The notes of Altria Group, Inc. are senior unsecured obligations and rank equally in right of payment with all of Altria Group, Inc.’s existing and future senior unsecured indebtedness. Upon the occurrence of both (i) a change of control of Altria Group, Inc. and (ii) the notes ceasing to be rated investment grade by each of Moody’s, Standard & Poor’s and Fitch Ratings Ltd. within a specified time period, Altria Group, Inc. will be required to make an offer to purchase the notes at a price equal to 101% of the aggregate principal amount of such notes, plus accrued and unpaid interest to the date of repurchase as and to the extent set forth in the terms of the notes. With respect to $3.4 billion aggregate principal amount of Altria Group, Inc.’s senior unsecured long-term notes issued in 2009 and 2008, the interest rate payable on each series of notes is subject to adjustment from time to time if the rating assigned to the notes of such series by Moody’s or Standard & Poor’s is downgraded (or subsequently upgraded) as and to the extent set forth in the terms of the notes. During 2015, Altria Group, Inc. repaid in full at maturity senior unsecured notes in the aggregate principal amount of $1.0 billion . The obligations of Altria Group, Inc. under the notes are guaranteed by PM USA as further discussed in Note 19 . Condensed Consolidating Financial Information . ▪ Debt Tender Offers and Redemption: During 2015 and 2013, Altria Group, Inc. completed debt tender offers to purchase for cash certain of its senior unsecured notes in aggregate principal amounts of $0.8 billion and $2.1 billion , respectively. Details of these debt tender offers were as follows: (in millions) 2015 2013 Notes Purchased 9.95% Notes due 2038 $ — $ 818 10.20% Notes due 2039 — 782 9.70% Notes due 2018 793 293 9.25% Notes due 2019 — 207 Total $ 793 $ 2,100 During 2014, UST redeemed in full its $300 million (aggregate principal amount) 5.75% senior notes due 2018. As a result of the Altria Group, Inc. debt tender offers and the UST debt redemption, pre-tax losses on early extinguishment of debt were recorded as follows: (in millions) 2015 2014 2013 Premiums and fees $ 226 $ 44 $ 1,054 Write-off of unamortized debt discounts and debt issuance costs 2 — 30 Total $ 228 $ 44 $ 1,084 |
Capital Stock
Capital Stock | 12 Months Ended |
Dec. 31, 2015 | |
Equity [Abstract] | |
Capital Stock | Capital Stock At December 31, 2015 , Altria Group, Inc. had 12 billion shares of authorized common stock; issued, repurchased and outstanding shares of common stock were as follows: Shares Issued Shares Repurchased Shares Outstanding Balances, December 31, 2012 2,805,961,317 (796,221,021 ) 2,009,740,296 Stock award activity — 391,899 391,899 Repurchases of common stock — (16,652,913 ) (16,652,913 ) Balances, December 31, 2013 2,805,961,317 (812,482,035 ) 1,993,479,282 Stock award activity — 447,840 447,840 Repurchases of common stock — (22,452,599 ) (22,452,599 ) Balances, December 31, 2014 2,805,961,317 (834,486,794 ) 1,971,474,523 Stock award activity — (732,623 ) (732,623 ) Repurchases of common stock — (10,682,419 ) (10,682,419 ) Balances, December 31, 2015 2,805,961,317 (845,901,836 ) 1,960,059,481 At December 31, 2015 , 42,209,751 shares of common stock were reserved for stock-based awards under Altria Group, Inc.’s stock plans, and 10 million shares of serial preferred stock, $ 1.00 par value, were authorized. No shares of serial preferred stock have been issued. ▪ Dividends: During the third quarter of 2015 , the Board of Directors approved an 8.7% increase in the quarterly dividend rate to $0.565 per common share versus the previous rate of $0.52 per common share. The current annualized dividend rate is $2.26 per Altria Group, Inc. common share. Future dividend payments remain subject to the discretion of the Board of Directors. ▪ Share Repurchases: In October 2011, the Board of Directors authorized a $1.0 billion share repurchase program and expanded it to $1.5 billion in October 2012 (as expanded, the “October 2011 share repurchase program”). During the first quarter of 2013, Altria Group, Inc. completed the October 2011 share repurchase program, under which Altria Group, Inc. repurchased a total of 48.3 million shares of its common stock at an average price of $31.06 per share. In April 2013, the Board of Directors authorized a $300 million share repurchase program and expanded it to $1.0 billion in August 2013 (as expanded, the “April 2013 share repurchase program”). During the third quarter of 2014, Altria Group, Inc. completed the April 2013 share repurchase program, under which Altria Group, Inc. repurchased a total of 27.1 million shares of its common stock at an average price of $36.97 per share. In July 2014, the Board of Directors authorized a $1.0 billion share repurchase program (the “July 2014 share repurchase program”). During the third quarter of 2015, Altria Group, Inc. completed the July 2014 share repurchase program, under which Altria Group, Inc. repurchased a total of 20.4 million shares of its common stock at an average price of $48.90 per share. In July 2015, the Board of Directors authorized a $1.0 billion share repurchase program (the “July 2015 share repurchase program”). During 2015, Altria Group, Inc. repurchased 0.6 million shares of its common stock (at an aggregate cost of approximately $35 million , and at an average price of $57.66 per share) under the July 2015 share repurchase program. At December 31, 2015 , Altria Group, Inc. had approximately $965 million remaining in the July 2015 share repurchase program. The timing of share repurchases under this program depends upon marketplace conditions and other factors, and the program remains subject to the discretion of the Board of Directors. For the years ended December 31, 2015 , 2014 and 2013 , Altria Group, Inc.’s total share repurchase activity was as follows: 2015 2014 2013 (in millions, except per share data) Total number of shares repurchased 10.7 22.5 16.7 Aggregate cost of shares repurchased $ 554 $ 939 $ 600 Average price per share of shares repurchased $ 51.83 $ 41.79 $ 36.05 |
Stock Plans
Stock Plans | 12 Months Ended |
Dec. 31, 2015 | |
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | |
Stock Plans | Stock Plans In 2015, the Board of Directors adopted, and shareholders approved, the Altria Group, Inc. 2015 Performance Incentive Plan (the “2015 Plan”). The 2015 Plan succeeded the 2010 Performance Incentive Plan, under which no new awards were permitted after April 30, 2015. Under the 2015 Plan, Altria Group, Inc. may grant stock options, stock appreciation rights, restricted stock, restricted and deferred stock units, and other stock-based awards, as well as cash-based annual and long-term incentive awards to employees of Altria Group, Inc. or any of its subsidiaries or affiliates. Up to 40 million shares of common stock may be issued under the 2015 Plan. In addition, in 2015, the Board of Directors adopted, and shareholders approved, the 2015 Stock Compensation Plan for Non-Employee Directors (the “Directors Plan”). The Directors Plan succeeded the Stock Compensation Plan for Non-Employee Directors, as amended and restated effective January 29, 2014, under which no new awards were permitted after May 20, 2015. Under the Directors Plan, Altria Group, Inc. may grant up to one million shares of common stock to members of the Board of Directors who are not employees of Altria Group, Inc. Shares available to be granted under the 2015 Plan and the Directors Plan at December 31, 2015 , were 39,994,482 and 993,284 , respectively. ▪ Restricted Stock and Restricted Stock Units: Altria Group, Inc. may grant shares of restricted stock and restricted stock units to employees of Altria Group, Inc. or any of its subsidiaries or affiliates. During the vesting period, these shares include nonforfeitable rights to dividends or dividend equivalents and may not be sold, assigned, pledged or otherwise encumbered. Such shares are subject to forfeiture if certain employment conditions are not met. Shares of restricted stock and restricted stock units generally vest three years after the grant date. The fair value of the shares of restricted stock and restricted stock units at the date of grant is amortized to expense ratably over the restriction period, which is generally three years . Altria Group, Inc. recorded pre-tax compensation expense related to restricted stock and restricted stock units granted to employees for the years ended December 31, 2015 , 2014 and 2013 of $51 million , $46 million and $49 million , respectively. The deferred tax benefit recorded related to this compensation expense was $20 million , $18 million and $19 million for the years ended December 31, 2015 , 2014 and 2013 , respectively. The unamortized compensation expense related to Altria Group, Inc. restricted stock and restricted stock units was $68 million at December 31, 2015 and is expected to be recognized over a weighted-average period of approximately two years . Altria Group, Inc.’s restricted stock and restricted stock units activity was as follows for the year ended December 31, 2015 : Number of Shares Weighted-Average Grant Date Fair Value Per Share Balance at December 31, 2014 4,511,911 $ 32.83 Granted 1,195,088 54.54 Vested (1,567,474 ) 28.61 Forfeited (201,840 ) 37.53 Balance at December 31, 2015 3,937,685 40.86 The weighted-average grant date fair value of Altria Group, Inc. restricted stock and restricted stock units granted during the years ended December 31, 2015 , 2014 and 2013 was $65 million , $53 million and $49 million , respectively, or $54.54 , $36.75 and $33.76 per restricted share or restricted stock unit, respectively. The total fair value of Altria Group, Inc. restricted stock and restricted stock units that vested during the years ended December 31, 2015 , 2014 and 2013 was $85 million , $86 million and $89 million , respectively. |
Earnings Per Share
Earnings Per Share | 12 Months Ended |
Dec. 31, 2015 | |
Earnings Per Share [Abstract] | |
Earnings Per Share | Earnings per Share Basic and diluted earnings per share (“EPS”) were calculated using the following: For the Years Ended December 31, (in millions) 2015 2014 2013 Net earnings attributable to Altria Group, Inc. $ 5,241 $ 5,070 $ 4,535 Less: Distributed and undistributed earnings attributable to unvested restricted shares and restricted stock units (10 ) (12 ) (12 ) Earnings for basic and diluted EPS $ 5,231 $ 5,058 $ 4,523 Weighted-average shares for basic and diluted EPS 1,961 1,978 1,999 |
Other Comprehensive Earnings_Lo
Other Comprehensive Earnings/Losses | 12 Months Ended |
Dec. 31, 2015 | |
Equity [Abstract] | |
Other Comprehensive Earnings/Losses | Other Comprehensive Earnings/Losses The following tables set forth the changes in each component of accumulated other comprehensive losses, net of deferred income taxes, attributable to Altria Group, Inc.: (in millions) Currency Translation Adjustments Benefit Plans SABMiller Accumulated Other Comprehensive Losses Balances, December 31, 2012 $ 2 $ (2,414 ) $ 372 $ (2,040 ) Other comprehensive (losses) earnings before reclassifications (2 ) 1,559 (740 ) 817 Deferred income taxes — (609 ) 259 (350 ) Other comprehensive (losses) earnings before reclassifications, net of deferred income taxes (2 ) 950 (481 ) 467 Amounts reclassified to net earnings — 311 6 317 Deferred income taxes — (120 ) (2 ) (122 ) Amounts reclassified to net earnings, net of deferred income taxes — 191 4 195 Other comprehensive (losses) earnings, net of deferred income taxes (2 ) 1,141 (477 ) (1) 662 Balances, December 31, 2013 — (1,273 ) (105 ) (1,378 ) Other comprehensive losses before reclassifications (2 ) (1,411 ) (881 ) (2,294 ) Deferred income taxes — 550 308 858 Other comprehensive losses before reclassifications, net of deferred income taxes (2 ) (861 ) (573 ) (1,436 ) Amounts reclassified to net earnings — 154 59 213 Deferred income taxes — (60 ) (21 ) (81 ) Amounts reclassified to net earnings, net of deferred income taxes — 94 38 132 Other comprehensive losses, net of deferred income taxes (2 ) (767 ) (535 ) (1) (1,304 ) Balances, December 31, 2014 (2 ) (2,040 ) (640 ) (2,682 ) Other comprehensive losses before reclassifications (4 ) (223 ) (983 ) (1,210 ) Deferred income taxes 1 86 344 431 Other comprehensive losses before reclassifications, net of deferred income taxes (3 ) (137 ) (639 ) (779 ) Amounts reclassified to net earnings — 272 21 293 Deferred income taxes — (105 ) (7 ) (112 ) Amounts reclassified to net earnings, net of deferred income taxes — 167 14 181 Other comprehensive (losses) earnings, net of deferred income taxes (3 ) 30 (625 ) (1) (598 ) Balances, December 31, 2015 $ (5 ) $ (2,010 ) $ (1,265 ) $ (3,280 ) (1) For the years ended December 31, 2015 , 2014 and 2013 , Altria Group, Inc.’s proportionate share of SABMiller’s other comprehensive losses consisted primarily of currency translation adjustments. The following table sets forth pre-tax amounts by component, reclassified from accumulated other comprehensive losses to net earnings: For the Years Ended December 31, (in millions) 2015 2014 2013 Benefit Plans: (1) Net loss $ 304 $ 187 $ 346 Prior service cost/credit (32 ) (33 ) (35 ) 272 154 311 SABMiller (2) 21 59 6 Pre-tax amounts reclassified from accumulated other comprehensive losses to net earnings $ 293 $ 213 $ 317 (1) Amounts are included in net defined benefit plan costs. For further details, see Note 16 . Benefit Plans. (2) Amounts are included in earnings from equity investment in SABMiller. For further information on Altria Group, Inc.’s equity investment in SABMiller, see Note 6 . Investment in SABMiller. |
Income Taxes
Income Taxes | 12 Months Ended |
Dec. 31, 2015 | |
Income Tax Disclosure [Abstract] | |
Income Taxes | Income Taxes Earnings before income taxes and provision for income taxes consisted of the following for the years ended December 31, 2015 , 2014 and 2013 : (in millions) 2015 2014 2013 Earnings before income taxes: United States $ 8,078 $ 7,763 $ 6,929 Outside United States — 11 13 Total $ 8,078 $ 7,774 $ 6,942 Provision for income taxes: Current: Federal $ 2,516 $ 2,350 $ 2,066 State and local 451 480 423 Outside United States — 3 4 2,967 2,833 2,493 Deferred: Federal (140 ) (124 ) (77 ) State and local 8 (5 ) (9 ) (132 ) (129 ) (86 ) Total provision for income taxes $ 2,835 $ 2,704 $ 2,407 Altria Group, Inc.’s U.S. subsidiaries join in the filing of a U.S. federal consolidated income tax return. The U.S. federal statute of limitations remains open for the year 2007 and forward, with years 2010 to 2013 currently under examination by the IRS as part of an audit conducted in the ordinary course of business. With the exception of corresponding federal audit adjustments, state statutes of limitations generally remain open for the year 2011 and forward. Certain of Altria Group, Inc.’s state tax returns are currently under examination by various states as part of routine audits conducted in the ordinary course of business. A reconciliation of the beginning and ending amount of unrecognized tax benefits for the years ended December 31, 2015 , 2014 and 2013 was as follows: (in millions) 2015 2014 2013 Balance at beginning of year $ 258 $ 227 $ 262 Additions based on tax positions related to the current year 15 15 15 Additions for tax positions of prior years 57 29 35 Reductions for tax positions due to lapse of statutes of limitations (4 ) (2 ) (1 ) Reductions for tax positions of prior years (86 ) — — Settlements (82 ) (11 ) (84 ) Balance at end of year $ 158 $ 258 $ 227 Unrecognized tax benefits and Altria Group, Inc.’s consolidated liability for tax contingencies at December 31, 2015 and 2014 , were as follows: (in millions) 2015 2014 Unrecognized tax benefits — Altria Group, Inc. $ 158 $ 228 Unrecognized tax benefits — PMI — 30 Unrecognized tax benefits 158 258 Accrued interest and penalties 14 57 Tax credits and other indirect benefits (3 ) (17 ) Liability for tax contingencies $ 169 $ 298 The amount of unrecognized tax benefits that, if recognized, would impact the effective tax rate at December 31, 2015 was $109 million , along with $49 million affecting deferred taxes. The amount of unrecognized tax benefits that, if recognized, would impact the effective tax rate at December 31, 2014 was $207 million , along with $51 million affecting deferred taxes. However, the impact on net earnings at December 31, 2014 would be $177 million , as a result of the tax-related net receivable from Altria Group, Inc.’s former subsidiary, Philip Morris International Inc. (“PMI”), of $30 million pursuant to the tax sharing agreements discussed below. Under tax sharing agreements entered into in connection with the 2007 and 2008 spin-offs between Altria Group, Inc. and its former subsidiaries Kraft Foods Inc. (now known as Mondelēz International, Inc. (“Mondelēz”)) and PMI, respectively, Mondelēz and PMI are responsible for their respective pre-spin-off tax obligations. Altria Group, Inc., however, remains severally liable for Mondelēz’s and PMI’s pre-spin-off federal tax obligations pursuant to regulations governing federal consolidated income tax returns, and continued to include the pre-spin-off federal income tax reserves of Mondelēz and PMI in its liability for uncertain tax positions. As of December 31, 2015, there are no remaining pre-spin-off tax reserves for Mondelēz and PMI. During 2015 , 2014 and 2013 , Altria Group, Inc. recorded net tax benefits of $41 million , $2 million and $22 million , respectively, for Mondelēz and PMI tax matters, primarily relating to the IRS audit of Altria Group, Inc. and its consolidated subsidiaries’ 2007-2009 tax years (“IRS 2007-2009 Audit”). These net tax benefits were offset by changes to Mondelēz and PMI tax-related receivables/payables, which were recorded as decreases to operating income on Altria Group, Inc.’s consolidated statements of earnings. Due to the respective offsets, the Mondelēz and PMI tax matters had no impact on Altria Group, Inc.’s net earnings for the years ended December 31, 2015 , 2014 and 2013 . Altria Group, Inc. recognizes accrued interest and penalties associated with uncertain tax positions as part of the tax provision. At December 31, 2015 , Altria Group, Inc. had $14 million of accrued interest and penalties. At December 31, 2014 , Altria Group, Inc. had $57 million of accrued interest and penalties, of which approximately $7 million related to PMI, for which PMI is responsible under its tax sharing agreement. The corresponding receivable from PMI was included in other assets on Altria Group, Inc.’s consolidated balance sheet at December 31, 2014 . For the years ended December 31, 2015 , 2014 and 2013 , Altria Group, Inc. recognized in its consolidated statements of earnings $(36) million , $14 million and $5 million , respectively, of gross interest (income) expense associated with uncertain tax positions. Altria Group, Inc. is subject to income taxation in many jurisdictions. Uncertain tax positions reflect the difference between tax positions taken or expected to be taken on income tax returns and the amounts recognized in the financial statements. Resolution of the related tax positions with the relevant tax authorities may take many years to complete, and such timing is not entirely within the control of Altria Group, Inc. It is reasonably possible that within the next 12 months certain examinations will be resolved, which could result in a decrease in unrecognized tax benefits of approximately $6 million . The effective income tax rate on pre-tax earnings differed from the U.S. federal statutory rate for the following reasons for the years ended December 31, 2015 , 2014 and 2013 : 2015 2014 2013 U.S. federal statutory rate 35.0 % 35.0 % 35.0 % Increase (decrease) resulting from: State and local income taxes, net of federal tax benefit 3.7 4.0 3.8 Uncertain tax positions (0.8 ) 0.5 0.7 SABMiller dividend benefit (0.5 ) (2.3 ) (2.0 ) Domestic manufacturing deduction (2.0 ) (2.4 ) (2.7 ) Other (0.3 ) — (0.1 ) Effective tax rate 35.1 % 34.8 % 34.7 % The tax provision in 2015 included net tax benefits of (i) $59 million from the reversal of tax reserves and associated interest due primarily to the closure in the third quarter of 2015 of the IRS 2007-2009 Audit; and (ii) $41 million for Mondelēz and PMI tax matters discussed above, partially offset by the reversal of foreign tax credits primarily associated with SABMiller dividends that were recorded during the third quarter of 2015 ( $41 million ) and fourth quarter of 2015 ( $24 million ). The tax provision in 2015 also included decreased recognition of foreign tax credits associated with SABMiller dividends. The tax provision in 2014 included net tax benefits of (i) $14 million from the reversal of tax accruals no longer required that was recorded during the third quarter of 2014 ( $19 million ), partially offset by additional tax provisions recorded during the fourth quarter of 2014 ( $5 million ); and (ii) $2 million for Mondelēz tax matters discussed above. The tax provision in 2013 included net tax benefits of (i) $39 million from the reversal of tax accruals no longer required that was recorded during the third quarter of 2013 ( $25 million ) and fourth quarter of 2013 ( $14 million ); (ii) $25 million related to the recognition of previously unrecognized foreign tax credits primarily associated with SABMiller dividends that were recorded during the fourth quarter of 2013; and (iii) $22 million for Mondelēz tax matters discussed above. The tax provision in 2013 also included a reduction in certain consolidated tax benefits resulting from the 2013 debt tender offer that is discussed further in Note 9 . Long-Term Debt . The tax effects of temporary differences that gave rise to deferred income tax assets and liabilities consisted of the following at December 31, 2015 and 2014 : (in millions) 2015 2014 Deferred income tax assets: Accrued postretirement and postemployment benefits $ 953 $ 1,054 Settlement charges 1,393 1,379 Accrued pension costs 512 410 Net operating losses and tax credit carryforwards 335 357 Total deferred income tax assets 3,193 3,200 Deferred income tax liabilities: Property, plant and equipment (441 ) (468 ) Intangible assets (3,968 ) (3,915 ) Investment in SABMiller (1,794 ) (2,039 ) Finance assets, net (909 ) (1,123 ) Other (116 ) (190 ) Total deferred income tax liabilities (7,228 ) (7,735 ) Valuation allowances (260 ) (211 ) Net deferred income tax liabilities $ (4,295 ) $ (4,746 ) At December 31, 2015 , Altria Group, Inc. had estimated gross state tax net operating losses of $610 million that, if unused, will expire in 2016 through 2035 , state tax credit carryforwards of $57 million that, if unused, will expire in 2016 through 2017 , and foreign tax credit carryforwards of $301 million that, if unused, will expire in 2020 through 2025 . Realization of these benefits is dependent upon various factors such as generating sufficient taxable income in the applicable states and receiving sufficient amounts of lower-taxed foreign dividends from SABMiller. A valuation allowance of $260 million has been established for those benefits that more-likely-than-not will not be realized. |
Segment Reporting
Segment Reporting | 12 Months Ended |
Dec. 31, 2015 | |
Segment Reporting [Abstract] | |
Segment Reporting | Segment Reporting The products of Altria Group, Inc.’s subsidiaries include smokeable tobacco products comprised of cigarettes manufactured and sold by PM USA and machine-made large cigars and pipe tobacco manufactured and sold by Middleton; smokeless tobacco products, substantially all of which are manufactured and sold by USSTC; and wine produced and/or distributed by Ste. Michelle. The products and services of these subsidiaries constitute Altria Group, Inc.’s reportable segments of smokeable products, smokeless products and wine. The financial services and the innovative tobacco products businesses are included in all other. Altria Group, Inc.’s chief operating decision maker reviews operating companies income to evaluate the performance of, and allocate resources to, the segments. Operating companies income for the segments is defined as operating income before amortization of intangibles and general corporate expenses. Interest and other debt expense, net, and provision for income taxes are centrally managed at the corporate level and, accordingly, such items are not presented by segment since they are excluded from the measure of segment profitability reviewed by Altria Group, Inc.’s chief operating decision maker. Information about total assets by segment is not disclosed because such information is not reported to or used by Altria Group, Inc.’s chief operating decision maker. Segment goodwill and other intangible assets, net, are disclosed in Note 4 . Goodwill and Other Intangible Assets, net. The accounting policies of the segments are the same as those described in Note 2 . Summary of Significant Accounting Policies. Segment data were as follows: For the Years Ended December 31, (in millions) 2015 2014 2013 Net revenues: Smokeable products $ 22,792 $ 21,939 $ 21,868 Smokeless products 1,879 1,809 1,778 Wine 692 643 609 All other 71 131 211 Net revenues $ 25,434 $ 24,522 $ 24,466 Earnings before income taxes: Operating companies income (loss): Smokeable products $ 7,569 $ 6,873 $ 7,063 Smokeless products 1,108 1,061 1,023 Wine 152 134 118 All other (169 ) (185 ) 157 Amortization of intangibles (21 ) (20 ) (20 ) General corporate expenses (237 ) (241 ) (235 ) Changes to Mondelēz and PMI tax-related receivables/payables (41 ) (2 ) (22 ) Operating income 8,361 7,620 8,084 Interest and other debt expense, net (817 ) (808 ) (1,049 ) Loss on early extinguishment of debt (228 ) (44 ) (1,084 ) Earnings from equity investment in SABMiller 757 1,006 991 Other income, net 5 — — Earnings before income taxes $ 8,078 $ 7,774 $ 6,942 The smokeable products segment included net revenues of $22,193 million , $21,363 million and $21,308 million for the years ended December 31, 2015 , 2014 and 2013 , respectively, related to cigarettes and net revenues of $599 million , $576 million and $560 million for the years ended December 31, 2015 , 2014 and 2013 , respectively, related to cigars. PM USA, USSTC and Middleton’s largest customer, McLane Company, Inc., accounted for approximately 26% of Altria Group, Inc.’s consolidated net revenues for the year ended December 31, 2015 and 27% for each of the years ended December 31, 2014 and 2013 . In addition, Core-Mark Holding Company, Inc. accounted for approximately 10% of Altria Group, Inc.’s consolidated net revenues for the year ended December 31, 2015. Substantially all of these net revenues were reported in the smokeable products and smokeless products segments. Sales to three distributors accounted for approximately 66% , 67% and 66% of net revenues for the wine segment for the years ended December 31, 2015, 2014 and 2013 , respectively. Details of Altria Group, Inc.’s depreciation expense and capital expenditures were as follows: For the Years Ended December 31, (in millions) 2015 2014 2013 Depreciation expense: Smokeable products $ 117 $ 112 $ 113 Smokeless products 27 22 25 Wine 32 30 30 General corporate and other 28 24 24 Total depreciation expense $ 204 $ 188 $ 192 Capital expenditures: Smokeable products $ 56 $ 49 $ 39 Smokeless products 113 40 32 Wine 42 46 42 General corporate and other 18 28 18 Total capital expenditures $ 229 $ 163 $ 131 The comparability of operating companies income for the reportable segments was affected by the following: ▪ Non-Participating Manufacturer (“NPM”) Adjustment Items: For the years ended December 31, 2015 , 2014 and 2013, pre-tax income for NPM adjustment items was recorded in Altria Group, Inc.’s consolidated statements of earnings as follows: (in millions) 2015 2014 2013 Smokeable products segment $ 97 $ 43 $ 664 Interest and other debt expense, net (13 ) 47 — Total $ 84 $ 90 $ 664 These adjustments resulted from the settlement of, and determinations made in connection with, disputes with certain states and territories related to the NPM adjustment provision under the 1998 Master Settlement Agreement (such settlements and determinations are referred to collectively as “NPM Adjustment Items” and are more fully described in Health Care Cost Recovery Litigation - NPM Adjustment Disputes in Note 18 . Contingencies ) . The amounts shown in the table above for the smokeable products segment were recorded by PM USA as reductions to cost of sales, which increased operating companies income in the smokeable products segment. ▪ Tobacco and Health Litigation Items: For the years ended December 31, 2015 , 2014 and 2013 , pre-tax charges related to certain tobacco and health litigation items were recorded in Altria Group, Inc.’s consolidated statements of earnings as follows: (in millions) 2015 2014 2013 Smokeable products segment $ 127 $ 27 $ 18 General corporate — 15 — Interest and other debt expense, net 23 2 4 Total $ 150 $ 44 $ 22 During 2015, PM USA recorded pre-tax charges in marketing, administration and research costs related to tobacco and health judgments in seven state Engle progeny lawsuits and Schwarz of $59 million and $25 million , respectively, as well as $14 million and $9 million , respectively, in interest costs related to these cases. Additionally in 2015, PM USA and certain other cigarette manufacturers reached an agreement to resolve approximately 415 pending federal Engle progeny cases. As a result of the agreement, PM USA recorded a pre-tax provision of approximately $43 million in marketing, administration and research costs. For further discussion, see Smoking and Health Litigation in Note 18 . Contingencies . During 2014, Altria Group, Inc. and PM USA recorded an aggregate pre-tax charge of $31 million in marketing, administration and research costs for the estimated costs of implementing the corrective communications remedy in connection with the federal government’s lawsuit against Altria Group, Inc. and PM USA. For further discussion, see Health Care Cost Recovery Litigation - Federal Government’s Lawsuit in Note 18 . Contingencies . ▪ Asset Impairment and Exit Costs: During 2014, PM USA sold its Cabarrus, North Carolina manufacturing facility for approximately $66 million in connection with the previously completed manufacturing optimization program associated with PM USA’s closure of the manufacturing facility in 2009. As a result, during 2014, PM USA recorded a pre-tax gain of $10 million . |
Benefit Plans
Benefit Plans | 12 Months Ended |
Dec. 31, 2015 | |
Compensation and Retirement Disclosure [Abstract] | |
Benefit Plans | Benefit Plans Subsidiaries of Altria Group, Inc. sponsor noncontributory defined benefit pension plans covering the majority of all employees of Altria Group, Inc. However, employees hired on or after a date specific to their employee group are not eligible to participate in these noncontributory defined benefit pension plans but are instead eligible to participate in a defined contribution plan with enhanced benefits. This transition for new hires occurred from October 1, 2006 to January 1, 2008. In addition, effective January 1, 2010, certain employees of UST and Middleton who were participants in noncontributory defined benefit pension plans ceased to earn additional benefit service under those plans and became eligible to participate in a defined contribution plan with enhanced benefits. Altria Group, Inc. and its subsidiaries also provide postretirement health care and other benefits to the majority of retired employees. The plan assets and benefit obligations of Altria Group, Inc.’s pension plans and the benefit obligations of Altria Group, Inc.’s postretirement plans are measured at December 31 of each year. Altria Group, Inc.’s postretirement plans are not funded. The discount rates for Altria Group, Inc.’s plans were based on a yield curve developed from a model portfolio of high-quality corporate bonds with durations that match the expected future cash flows of the pension and postretirement benefit obligations. At December 31, 2015, Altria Group, Inc. changed the approach used to estimate the service and interest cost components of net periodic benefit costs for Altria Group, Inc.’s pension and postretirement plans. In 2015 and prior years, Altria Group, Inc. estimated the service and interest cost components using a single weighted-average discount rate derived from the yield curve used to measure the pension and postretirement plans benefit obligations. Beginning in 2016, Altria Group, Inc. will use a spot rate approach in the estimation of these components of net periodic benefit costs by applying the specific spot rates along the yield curve to the relevant projected cash flows, as Altria Group, Inc. believes that this approach provides a more precise estimate of service and interest costs. Altria Group, Inc. is accounting for this change prospectively as a change in accounting estimate. This change will not affect the measurement of Altria Group, Inc.’s pension and postretirement benefit obligations as the change in the service and interest costs will be offset by a corresponding change in actuarial gains/losses. ▪ Obligations and Funded Status: The benefit obligations, plan assets and funded status of Altria Group, Inc.’s pension and postretirement plans at December 31, 2015 and 2014 were as follows: Pension Postretirement (in millions) 2015 2014 2015 2014 Change in benefit obligation: Benefit obligation at beginning of year $ 8,330 $ 7,137 $ 2,613 $ 2,317 Service cost 86 68 18 15 Interest cost 337 345 100 107 Benefits paid (431 ) (410 ) (141 ) (132 ) Actuarial losses (gains) (317 ) 1,190 (192 ) 306 Other 6 — (6 ) — Benefit obligation at end of year 8,011 8,330 2,392 2,613 Change in plan assets: Fair value of plan assets at beginning of year 7,297 7,077 — — Actual return on plan assets (188 ) 615 — — Employer contributions 28 15 — — Benefits paid (431 ) (410 ) — — Fair value of plan assets at end of year 6,706 7,297 — — Funded status at December 31 $ (1,305 ) $ (1,033 ) $ (2,392 ) $ (2,613 ) Amounts recognized in Altria Group, Inc.’s consolidated balance sheets were as follows: Other accrued liabilities $ (28 ) $ (21 ) $ (147 ) $ (152 ) Accrued pension costs (1,277 ) (1,012 ) — — Accrued postretirement health care costs — — (2,245 ) (2,461 ) $ (1,305 ) $ (1,033 ) $ (2,392 ) $ (2,613 ) The table above presents the projected benefit obligation for Altria Group, Inc.’s pension plans. The accumulated benefit obligation, which represents benefits earned to date, for the pension plans was $7.7 billion and $7.9 billion at December 31, 2015 and 2014 , respectively. At December 31, 2015 and 2014 , the accumulated benefit obligations were in excess of plan assets for all pension plans. The Patient Protection and Affordable Care Act (“PPACA”), as amended by the Health Care and Education Reconciliation Act of 2010, was signed into law in March 2010. The PPACA mandates health care reforms with staggered effective dates from 2010 to 2020, including the imposition of an excise tax on high cost health care plans effective in 2020. The additional accumulated postretirement liability resulting from the PPACA, which is not material to Altria Group, Inc., has been included in Altria Group, Inc.’s accumulated postretirement benefit obligation at December 31, 2015 and 2014 . Given the complexity of the PPACA and the extended time period during which implementation is expected to occur, future adjustments to Altria Group, Inc.’s accumulated postretirement benefit obligation may be necessary. The following assumptions were used to determine Altria Group, Inc.’s pension benefit obligations at December 31: 2015 2014 Discount rate 4.4 % 4.1 % Rate of compensation increase 4.0 4.0 The following assumptions were used to determine Altria Group, Inc.’s postretirement benefit obligations at December 31: 2015 2014 Discount rate 4.4 % 4.0 % Health care cost trend rate assumed for next year 6.5 7.0 Ultimate trend rate 5.0 5.0 Year that the rate reaches the ultimate trend rate 2019 2019 ▪ Components of Net Periodic Benefit Cost: Net periodic benefit cost consisted of the following for the years ended December 31, 2015 , 2014 and 2013 : Pension Postretirement (in millions) 2015 2014 2013 2015 2014 2013 Service cost $ 86 $ 68 $ 86 $ 18 $ 15 $ 18 Interest cost 337 345 314 100 107 99 Expected return on plan assets (539 ) (518 ) (493 ) — — — Amortization: Net loss 234 147 271 43 22 51 Prior service cost (credit) 7 10 10 (39 ) (43 ) (45 ) Termination and settlement 8 — 7 — — — Net periodic benefit cost $ 133 $ 52 $ 195 $ 122 $ 101 $ 123 The amounts included in termination and settlement in the table above were comprised of the following changes: (in millions) 2015 2013 Benefit obligation $ — $ 1 Other comprehensive earnings/losses: Net loss 8 6 $ 8 $ 7 At December 31, 2014, Altria Group, Inc. updated its mortality assumptions to reflect longer life expectancy for its pension plan and postretirement plan participants, resulting in an increase of approximately $60 million and $10 million to its 2015 pre-tax pension and postretirement net periodic benefit cost, respectively. The estimated net loss and prior service cost (credit) that are expected to be amortized from accumulated other comprehensive losses into net periodic benefit cost during 2016 is as follows: (in millions) Pension Postretirement Net loss $ 183 $ 30 Prior service cost (credit) 5 (40 ) The following assumptions were used to determine Altria Group, Inc.’s net periodic benefit cost for the years ended December 31: Pension Postretirement 2015 2014 2013 2015 2014 2013 Discount rate 4.1 % 4.9 % 4.0 % 4.0 % 4.8 % 3.9 % Expected rate of return on plan assets 8.0 8.0 8.0 — — — Rate of compensation increase 4.0 4.0 4.0 — — — Health care cost trend rate — — — 7.0 7.0 7.5 Assumed health care cost trend rates have a significant effect on the amounts reported for the postretirement health care plans. A one-percentage-point change in assumed health care cost trend rates would have had the following effects as of December 31, 2015 : One-Percentage-Point Increase One-Percentage-Point Decrease Effect on total of postretirement service and interest cost 6.8 % (5.8 )% Effect on postretirement benefit obligation 7.5 % (6.1 )% ▪ Defined Contribution Plans: Altria Group, Inc. sponsors deferred profit-sharing plans covering certain salaried, non-union and union employees. Contributions and costs are determined generally as a percentage of earnings, as defined by the plans. Amounts charged to expense for these defined contribution plans totaled $85 million , $82 million and $80 million in 2015 , 2014 and 2013 , respectively. ▪ Pension Plan Assets: Altria Group, Inc.’s pension plans investment strategy is based on an expectation that equity securities will outperform debt securities over the long term. Altria Group, Inc. believes that it implements the investment strategy in a prudent and risk-controlled manner, consistent with the fiduciary requirements of the Employee Retirement Income Security Act of 1974, by investing retirement plan assets in a well-diversified mix of equities, fixed income and other securities that reflects the impact of the demographic mix of plan participants on the benefit obligation using a target asset allocation between equity securities and fixed income investments of 55% / 45% . The composition of Altria Group, Inc.’s plan assets at December 31, 2015 was broadly characterized as an allocation between equity securities ( 56% ), corporate bonds ( 32% ), U.S. Treasury and foreign government securities ( 8% ) and all other types of investments ( 4% ). Virtually all pension assets can be used to make monthly benefit payments. Altria Group, Inc.’s pension plans investment objective is accomplished by investing in U.S. and international equity index strategies that are intended to mirror indices such as the Standard & Poor’s 500 Index, Russell Small Cap Completeness Index, Research Affiliates Fundamental Index (“RAFI”) Low Volatility U.S. Index, and Morgan Stanley Capital International (“MSCI”) Europe, Australasia, and the Far East (“EAFE”) Index. Altria Group, Inc.’s pension plans also invest in actively managed international equity securities of large, mid and small cap companies located in developed and emerging markets, as well as long duration fixed income securities that primarily include corporate bonds of companies from diversified industries. The allocation to below investment grade securities represented 18% of the fixed income holdings or 8% of total plan assets at December 31, 2015 . The allocation to emerging markets represented 4% of the equity holdings or 2% of total plan assets at December 31, 2015 . The allocation to real estate and private equity investments was immaterial at December 31, 2015 . Altria Group, Inc.’s pension plans risk management practices include ongoing monitoring of asset allocation, investment performance and investment managers’ compliance with their investment guidelines, periodic rebalancing between equity and debt asset classes and annual actuarial re-measurement of plan liabilities. Altria Group, Inc.’s expected rate of return on pension plan assets is determined by the plan assets’ historical long-term investment performance, current asset allocation and estimates of future long-term returns by asset class. The forward-looking estimates are consistent with the overall long-term averages exhibited by returns on equity and fixed income securities. The fair values of Altria Group, Inc.’s pension plan assets by asset category at December 31, 2015 and 2014 were as follows: 2015 2014 (in millions) Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Common/collective trusts: U.S. large cap $ — $ 1,762 $ — $ 1,762 $ — $ 1,870 $ — $ 1,870 U.S. small cap — 360 — 360 — 442 — 442 International developed markets — 78 — 78 — 79 — 79 U.S. and foreign government securities or their agencies: U.S. government and agencies — 331 — 331 — 296 — 296 U.S. municipal bonds — 102 — 102 — 124 — 124 Foreign government and agencies — 252 — 252 — 281 — 281 Corporate debt instruments: Above investment grade — 1,660 — 1,660 — 1,765 — 1,765 Below investment grade and no rating — 502 — 502 — 527 — 527 Common stock: International equities 907 — 2 909 1,000 — 1 1,001 U.S. equities 605 — — 605 556 — — 556 Registered investment companies 58 — — 58 63 113 — 176 Other, net 16 58 13 87 74 91 15 180 Total investments at fair value, net $ 1,586 $ 5,105 $ 15 $ 6,706 $ 1,693 $ 5,588 $ 16 $ 7,297 Level 3 holdings and transactions were immaterial to total plan assets at December 31, 2015 and 2014 . For a description of the fair value hierarchy and the three levels of inputs used to measure fair value, see Note 2 . Summary of Significant Accounting Policies . Following is a description of the valuation methodologies used for investments measured at fair value. ▪ Common/Collective Trusts : Common/collective trusts consist of funds that are intended to mirror indices such as Standard & Poor’s 500 Index, Russell Small Cap Completeness Index and MSCI EAFE Index. They are valued on the basis of the relative interest of each participating investor in the fair value of the underlying assets of each of the respective common/collective trusts. The underlying assets are valued based on the net asset value (“NAV”), which is provided by the investment account manager as a practical expedient to estimate fair value. ▪ U.S. and Foreign Government Securities : U.S. and foreign government securities consist of investments in Treasury Nominal Bonds and Inflation Protected Securities and municipal securities. Government securities are valued at a price that is based on a compilation of primarily observable market information, such as broker quotes. Matrix pricing, yield curves and indices are used when broker quotes are not available. ▪ Corporate Debt Instruments : Corporate debt instruments are valued at a price that is based on a compilation of primarily observable market information, such as broker quotes. Matrix pricing, yield curves and indices are used when broker quotes are not available. ▪ Common Stock : Common stocks are valued based on the price of the security as listed on an open active exchange on last trade date. ▪ Registered Investment Companies : Investments in mutual funds sponsored by a registered investment company are valued based on exchange listed prices and are classified in Level 1. Registered investment company funds that are designed specifically to meet Altria Group, Inc.’s pension plans investment strategies, but are not traded on an active market, are valued based on the NAV of the underlying securities and are classified in Level 2. The NAV is provided by the investment account manager as a practical expedient to estimate fair value. ▪ Cash Flows: Altria Group, Inc. makes contributions to the pension plans to the extent that the contributions are tax deductible and pays benefits that relate to plans for salaried employees that cannot be funded under IRS regulations. Currently, Altria Group, Inc. anticipates making employer contributions to its pension plans of approximately $30 million to $75 million in 2016 based on current tax law. However, this estimate is subject to change as a result of changes in tax and other benefit laws, as well as asset performance significantly above or below the assumed long-term rate of return on pension assets, or changes in interest rates. Estimated future benefit payments at December 31, 2015 were as follows: (in millions) Pension Postretirement 2016 $ 436 $ 147 2017 440 149 2018 442 149 2019 437 148 2020 446 144 2021-2025 2,348 686 Comprehensive Earnings/Losses The amounts recorded in accumulated other comprehensive losses at December 31, 2015 consisted of the following: (in millions) Pension Post- retirement Post- employment Total Net loss $ (2,805 ) $ (588 ) $ (108 ) $ (3,501 ) Prior service (cost) credit (22 ) 231 — 209 Deferred income taxes 1,101 141 40 1,282 Amounts recorded in accumulated other comprehensive losses $ (1,726 ) $ (216 ) $ (68 ) $ (2,010 ) The amounts recorded in accumulated other comprehensive losses at December 31, 2014 consisted of the following: (in millions) Pension Post- retirement Post- employment Total Net loss $ (2,637 ) $ (823 ) $ (122 ) $ (3,582 ) Prior service (cost) credit (23 ) 264 — 241 Deferred income taxes 1,037 218 46 1,301 Amounts recorded in accumulated other comprehensive losses $ (1,623 ) $ (341 ) $ (76 ) $ (2,040 ) The movements in other comprehensive earnings/losses during the year ended December 31, 2015 were as follows: (in millions) Pension Post- retirement Post- employment Total Amounts reclassified to net earnings as components of net periodic benefit cost: Amortization: Net loss $ 234 $ 43 $ 19 $ 296 Prior service cost/credit 7 (39 ) — (32 ) Other expense: Net loss 8 — — 8 Deferred income taxes (96 ) (2 ) (7 ) (105 ) 153 2 12 167 Other movements during the year: Net loss (410 ) 192 (5 ) (223 ) Prior service cost/credit (6 ) 6 — — Deferred income taxes 160 (75 ) 1 86 (256 ) 123 (4 ) (137 ) Total movements in other comprehensive earnings/losses $ (103 ) $ 125 $ 8 $ 30 The movements in other comprehensive earnings/losses during the year ended December 31, 2014 were as follows: (in millions) Pension Post- retirement Post- employment Total Amounts reclassified to net earnings as components of net periodic benefit cost: Amortization: Net loss $ 147 $ 22 $ 18 $ 187 Prior service cost/credit 10 (43 ) — (33 ) Deferred income taxes (61 ) 8 (7 ) (60 ) 96 (13 ) 11 94 Other movements during the year: Net loss (1,093 ) (306 ) (12 ) (1,411 ) Deferred income taxes 425 120 5 550 (668 ) (186 ) (7 ) (861 ) Total movements in other comprehensive earnings/losses $ (572 ) $ (199 ) $ 4 $ (767 ) The movements in other comprehensive earnings/losses during the year ended December 31, 2013 were as follows: (in millions) Pension Post- retirement Post- employment Total Amounts reclassified to net earnings as components of net periodic benefit cost: Amortization: Net loss $ 271 $ 51 $ 18 $ 340 Prior service cost/credit 10 (45 ) — (35 ) Other expense: Net loss 6 — — 6 Deferred income taxes (111 ) (2 ) (7 ) (120 ) 176 4 11 191 Other movements during the year: Net loss 1,218 327 23 1,568 Prior service cost/credit (7 ) (2 ) — (9 ) Deferred income taxes (470 ) (129 ) (10 ) (609 ) 741 196 13 950 Total movements in other comprehensive earnings/losses $ 917 $ 200 $ 24 $ 1,141 |
Additional Information
Additional Information | 12 Months Ended |
Dec. 31, 2015 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Additional Information | Additional Information For the Years Ended December 31, (in millions) 2015 2014 2013 Research and development expense $ 186 $ 167 $ 153 Advertising expense $ 25 $ 30 $ 7 Interest and other debt expense, net: Interest expense $ 808 $ 857 $ 1,053 Interest income (4 ) (2 ) (4 ) Interest related to NPM Adjustment Items 13 (47 ) — $ 817 $ 808 $ 1,049 Rent expense $ 48 $ 52 $ 49 Minimum rental commitments and sublease income under non-cancelable operating leases in effect at December 31, 2015 were as follows: (in millions) Rental Commitments Sublease Income 2016 $ 58 $ 6 2017 52 5 2018 45 5 2019 32 5 2020 28 5 Thereafter 94 23 $ 309 $ 49 The activity in the allowance for discounts and allowance for returned goods for the years ended December 31, 2015, 2014 and 2013 was as follows: (in millions) 2015 2014 2013 Discounts Returned Goods Discounts Returned Goods Discounts Returned Goods Balance at beginning of year $ — $ 46 $ — $ 41 $ — $ 42 Charged to costs and expenses 618 217 599 179 610 150 Deductions (1) (618 ) (195 ) (599 ) (174 ) (610 ) (151 ) Balance at end of year $ — $ 68 $ — $ 46 $ — $ 41 (1) Represents the recording of discounts and returns for which allowances were created. |
Contingencies
Contingencies | 12 Months Ended |
Dec. 31, 2015 | |
Commitments and Contingencies Disclosure [Abstract] | |
Contingencies | Contingencies Legal proceedings covering a wide range of matters are pending or threatened in various United States and foreign jurisdictions against Altria Group, Inc. and its subsidiaries, including PM USA and UST and its subsidiaries, as well as their respective indemnitees. Various types of claims may be raised in these proceedings, including product liability, consumer protection, antitrust, tax, contraband shipments, patent infringement, employment matters, claims for contribution and claims of competitors or distributors. Litigation is subject to uncertainty and it is possible that there could be adverse developments in pending or future cases. An unfavorable outcome or settlement of pending tobacco-related or other litigation could encourage the commencement of additional litigation. Damages claimed in some tobacco-related and other litigation are or can be significant and, in certain cases, range in the billions of dollars. The variability in pleadings in multiple jurisdictions, together with the actual experience of management in litigating claims, demonstrate that the monetary relief that may be specified in a lawsuit bears little relevance to the ultimate outcome. In certain cases, plaintiffs claim that defendants’ liability is joint and several. In such cases, Altria Group, Inc. or its subsidiaries may face the risk that one or more co-defendants decline or otherwise fail to participate in the bonding required for an appeal or to pay their proportionate or jury-allocated share of a judgment. As a result, Altria Group, Inc. or its subsidiaries under certain circumstances may have to pay more than their proportionate share of any bonding- or judgment-related amounts. Furthermore, in those cases where plaintiffs are successful, Altria Group, Inc. or its subsidiaries may also be required to pay interest and attorneys’ fees. Although PM USA has historically been able to obtain required bonds or relief from bonding requirements in order to prevent plaintiffs from seeking to collect judgments while adverse verdicts have been appealed, there remains a risk that such relief may not be obtainable in all cases. This risk has been substantially reduced given that 47 states and Puerto Rico limit the dollar amount of bonds or require no bond at all. As discussed below, however, tobacco litigation plaintiffs have challenged the constitutionality of Florida’s bond cap statute in several cases and plaintiffs may challenge state bond cap statutes in other jurisdictions as well. Such challenges may include the applicability of state bond caps in federal court. Although Altria Group, Inc. cannot predict the outcome of such challenges, it is possible that the consolidated results of operations, cash flows or financial position of Altria Group, Inc., or one or more of its subsidiaries, could be materially affected in a particular fiscal quarter or fiscal year by an unfavorable outcome of one or more such challenges. Altria Group, Inc. and its subsidiaries record provisions in the consolidated financial statements for pending litigation when they determine that an unfavorable outcome is probable and the amount of the loss can be reasonably estimated. At the present time, while it is reasonably possible that an unfavorable outcome in a case may occur, except to the extent discussed elsewhere in this Note 18 . Contingencies : (i) management has concluded that it is not probable that a loss has been incurred in any of the pending tobacco-related cases; (ii) management is unable to estimate the possible loss or range of loss that could result from an unfavorable outcome in any of the pending tobacco-related cases; and (iii) accordingly, management has not provided any amounts in the consolidated financial statements for unfavorable outcomes, if any. Litigation defense costs are expensed as incurred. Altria Group, Inc. and its subsidiaries have achieved substantial success in managing litigation. Nevertheless, litigation is subject to uncertainty and significant challenges remain. It is possible that the consolidated results of operations, cash flows or financial position of Altria Group, Inc., or one or more of its subsidiaries, could be materially affected in a particular fiscal quarter or fiscal year by an unfavorable outcome or settlement of certain pending litigation. Altria Group, Inc. and each of its subsidiaries named as a defendant believe, and each has been so advised by counsel handling the respective cases, that it has valid defenses to the litigation pending against it, as well as valid bases for appeal of adverse verdicts. Each of the companies has defended, and will continue to defend, vigorously against litigation challenges. However, Altria Group, Inc. and its subsidiaries may enter into settlement discussions in particular cases if they believe it is in the best interests of Altria Group, Inc. to do so. Overview of Altria Group, Inc. and/or PM USA Tobacco-Related Litigation ▪ Types and Number of Cases: Claims related to tobacco products generally fall within the following categories: (i) smoking and health cases alleging personal injury brought on behalf of individual plaintiffs; (ii) smoking and health cases primarily alleging personal injury or seeking court-supervised programs for ongoing medical monitoring and purporting to be brought on behalf of a class of individual plaintiffs, including cases in which the aggregated claims of a number of individual plaintiffs are to be tried in a single proceeding; (iii) health care cost recovery cases brought by governmental (both domestic and foreign) plaintiffs seeking reimbursement for health care expenditures allegedly caused by cigarette smoking and/or disgorgement of profits; (iv) class action suits alleging that the uses of the terms “Lights” and “Ultra Lights” constitute deceptive and unfair trade practices, common law or statutory fraud, unjust enrichment, breach of warranty or violations of the Racketeer Influenced and Corrupt Organizations Act (“RICO”); and (v) other tobacco-related litigation described below. Plaintiffs’ theories of recovery and the defenses raised in pending smoking and health, health care cost recovery and “Lights/Ultra Lights” cases are discussed below. The table below lists the number of certain tobacco-related cases pending in the United States against PM USA and, in some instances, Altria Group, Inc. as of December 31, 2015, 2014 and 2013: 2015 2014 2013 Individual Smoking and Health Cases (1) 65 67 67 Smoking and Health Class Actions and Aggregated Claims Litigation (2) 5 5 6 Health Care Cost Recovery Actions (3) 1 1 1 “Lights/Ultra Lights” Class Actions 11 12 15 (1) Does not include 2,499 cases brought by flight attendants seeking compensatory damages for personal injuries allegedly caused by exposure to environmental tobacco smoke (“ETS”). The flight attendants allege that they are members of an ETS smoking and health class action in Florida, which was settled in 1997 ( Broin ). The terms of the court-approved settlement in that case allowed class members to file individual lawsuits seeking compensatory damages, but prohibited them from seeking punitive damages. Also, does not include individual smoking and health cases brought by or on behalf of plaintiffs in Florida state and federal courts following the decertification of the Engle case (discussed below in Smoking and Health Litigation - Engle Class Action ). (2) Includes as one case the 600 civil actions (of which 344 were actions against PM USA) that were to be tried in a single proceeding in West Virginia ( In re: Tobacco Litigation ). The West Virginia Supreme Court of Appeals has ruled that the United States Constitution did not preclude a trial in two phases in this case. Issues related to defendants’ conduct and whether punitive damages are permissible were tried in the first phase. Trial in the first phase of this case began in April 2013. In May 2013, the jury returned a verdict in favor of defendants on the claims for design defect, negligence, failure to warn, breach of warranty, and concealment and declined to find that the defendants’ conduct warranted punitive damages. Plaintiffs prevailed on their claim that ventilated filter cigarettes should have included use instructions for the period 1964 - 1969. The second phase will consist of trials to determine liability and compensatory damages. In November 2014, the West Virginia Supreme Court of Appeals affirmed the final judgment. In July 2015, the trial court entered an order that will result in the entry of final judgment in favor of defendants and against all but 30 plaintiffs who potentially have a claim against one or more defendants that may be pursued in a second phase of trial. The court intends to try the claims of these 30 plaintiffs in six consolidated trials, each with a group of five plaintiffs. The first trial is currently scheduled to begin May 1, 2017. Dates for the five remaining consolidated trials have not been scheduled. (3) See Health Care Cost Recovery Litigation - Federal Government’s Lawsuit below. ▪ International Tobacco-Related Cases: As of January 26, 2016, PM USA is a named defendant in ten health care cost recovery actions in Canada, eight of which also name Altria Group, Inc. as a defendant. PM USA and Altria Group, Inc. are also named defendants in seven smoking and health class actions filed in various Canadian provinces. See Guarantees and Other Similar Matters below for a discussion of the Distribution Agreement between Altria Group, Inc. and PMI that provides for indemnities for certain liabilities concerning tobacco products. ▪ Tobacco-Related Cases Set for Trial: As of January 26, 2016, five Engle progeny cases, no individual smoking and health case and one “Lights/Ultra Lights” class action against PM USA are set for trial through March 31, 2016. One medical monitoring class action against PM USA is currently in trial. Cases against other companies in the tobacco industry are also scheduled for trial during this period. Trial dates are subject to change. ▪ Trial Results: Since January 1999, excluding the Engle progeny cases (separately discussed below), verdicts have been returned in 57 smoking and health, “Lights/Ultra Lights” and health care cost recovery cases in which PM USA was a defendant. Verdicts in favor of PM USA and other defendants were returned in 38 of the 57 cases. These 38 cases were tried in Alaska ( 1 ), California ( 7 ), Florida ( 10 ), Louisiana ( 1 ), Massachusetts ( 1 ), Mississippi ( 1 ), Missouri ( 3 ), New Hampshire ( 1 ), New Jersey ( 1 ), New York ( 5 ), Ohio ( 2 ), Pennsylvania ( 1 ), Rhode Island ( 1 ), Tennessee ( 2 ) and West Virginia ( 2 ). A motion for a new trial was granted in one of the cases in Florida and in the case in Alaska. In the Alaska case ( Hunter ), the trial court withdrew its order for a new trial upon PM USA’s motion for reconsideration. On December 18, 2015, the Alaska Supreme Court reversed the trial court decision and remanded the case with directions for the trial court to reassess whether to grant a new trial. See Types and Number of Cases above for a discussion of the trial results in In re: Tobacco Litigation (West Virginia consolidated cases). Of the 19 non- Engle progeny cases in which verdicts were returned in favor of plaintiffs, 15 have reached final resolution. A verdict against defendants in one health care cost recovery case ( Blue Cross/Blue Shield ) was reversed and all claims were dismissed with prejudice. In addition, a verdict against defendants in a purported “Lights” class action in Illinois ( Price ) was reversed and the case was dismissed with prejudice in December 2006, but plaintiffs sought to reinstate the verdict, which an intermediate appellate court ordered in April 2014. On November 4, 2015, the Illinois Supreme Court vacated the Fifth Judicial District’s decision, finding that the plaintiffs filed the wrong motion in the wrong court. On November 18, 2015, the plaintiffs filed a new motion with the Illinois Supreme Court seeking to recall its original mandate, which the court denied on January 11, 2016. See “Lights/Ultra Lights” Cases - The Price Case below for a discussion of developments in Price . As of January 26, 2016, 92 state and federal Engle progeny cases involving PM USA have resulted in verdicts since the Florida Supreme Court’s Engle decision as follows: 51 verdicts were returned in favor of plaintiffs; 39 verdicts were returned in favor of PM USA; and two verdicts that were initially returned in favor of plaintiffs were reversed on appeal and remain pending. See Smoking and Health Litigation - Engle Progeny Trial Court Results below for a discussion of these verdicts. ▪ Judgments Paid and Provisions for Tobacco and Health Litigation Items (Including Engle Progeny Litigation): After exhausting all appeals in those cases resulting in adverse verdicts associated with tobacco-related litigation, since October 2004, PM USA has paid in the aggregate judgments (and related costs and fees) totaling approximately $323 million and interest totaling approximately $144 million as of December 31, 2015. These amounts include payments for Engle progeny judgments (and related costs and fees) totaling approximately $22 million , interest totaling approximately $3 million and payment of approximately $43 million in connection with the Federal Engle Agreement, discussed below. The changes in Altria Group, Inc.’s accrued liability for tobacco and health litigation items, including related interest costs, for the years ended December 31, 2015, 2014 and 2013 were as follows: (in millions) 2015 2014 2013 Accrued liability for tobacco and health litigation items at beginning of year $ 39 $ 3 $ — Pre-tax charges for: Tobacco and health judgments 84 11 18 Related interest costs 23 2 4 Agreement to resolve federal Engle progeny cases 43 — — Implementation of corrective communications remedy pursuant to the federal government’s lawsuit — 31 — Payments (57 ) (8 ) (19 ) Accrued liability for tobacco and health litigation items at end of year $ 132 $ 39 $ 3 The accrued liability for tobacco and health litigation items, including related interest costs, was included in liabilities on Altria Group, Inc.’s consolidated balance sheets. Pre-tax charges for tobacco and health judgments, the agreement to resolve federal Engle progeny cases (discussed below under “ Agreement to Resolve Federal Engle Progeny Cases ”) and corrective communications were included in marketing, administration and research costs on Altria Group, Inc.’s consolidated statements of earnings. Pre-tax charges for related interest costs were included in interest and other debt expense, net on Altria Group, Inc.’s consolidated statements of earnings. ▪ Security for Judgments: To obtain stays of judgments pending current appeals, as of December 31, 2015 , PM USA has posted various forms of security totaling approximately $77 million , the majority of which has been collateralized with cash deposits that are included in other assets on the consolidated balance sheet. Smoking and Health Litigation ▪ Overview: Plaintiffs’ allegations of liability in smoking and health cases are based on various theories of recovery, including negligence, gross negligence, strict liability, fraud, misrepresentation, design defect, failure to warn, nuisance, breach of express and implied warranties, breach of special duty, conspiracy, concert of action, violations of deceptive trade practice laws and consumer protection statutes, and claims under the federal and state anti-racketeering statutes. Plaintiffs in the smoking and health cases seek various forms of relief, including compensatory and punitive damages, treble/multiple damages and other statutory damages and penalties, creation of medical monitoring and smoking cessation funds, disgorgement of profits, and injunctive and equitable relief. Defenses raised in these cases include lack of proximate cause, assumption of the risk, comparative fault and/or contributory negligence, statutes of limitations and preemption by the Federal Cigarette Labeling and Advertising Act. ▪ Non- Engle Progeny Litigation: Summarized below are the non- Engle progeny smoking and health cases pending during 2015 in which verdicts were returned in favor of plaintiffs and against PM USA. Charts listing the verdicts for plaintiffs in the Engle progeny cases can be found in Smoking and Health Litigation - Engle Progeny Trial Results below. Bullock : On December 10, 2015, a jury in the U.S. District Court for the Central District of California returned a verdict in favor of plaintiff, awarding $900,000 in compensatory damages. On January 8, 2016, the plaintiff moved for a new trial. Schwarz : In March 2002 , an Oregon jury awarded $168,500 in compensatory damages and $150 million in punitive damages against PM USA. In May 2002 , the trial court reduced the punitive damages award to $100 million . In May 2006, the Oregon Court of Appeals affirmed the compensatory damages verdict, reversed the award of punitive damages and remanded the case to the trial court for a second trial to determine the amount of punitive damages, if any. In June 2010, the Oregon Supreme Court affirmed the court of appeals’ decision and remanded the case to the trial court for a new trial limited to the question of punitive damages. In December 2010 , the Oregon Supreme Court reaffirmed its earlier ruling and awarded PM USA approximately $500,000 in costs. Trial on the amount of punitive damages began in January 2012. In February 2012 , the jury awarded plaintiff $25 million in punitive damages. In July 2015, the Oregon Court of Appeals affirmed the judgment in favor of plaintiff and in September 2015, PM USA filed a petition for review with the Oregon Supreme Court, which the court denied on November 12, 2015. In the fourth quarter of 2015, PM USA recorded a provision on its consolidated balance sheet of approximately $34 million for the judgment plus interest and associated costs. ▪ Federal Government’s Lawsuit: See Health Care Cost Recovery Litigation - Federal Government’s Lawsuit below for a discussion of the verdict and post-trial developments in the United States of America health care cost recovery case. ▪ Engle Class Action: In July 2000, in the second phase of the Engle smoking and health class action in Florida, a jury returned a verdict assessing punitive damages totaling approximately $145 billion against various defendants, including $74 billion against PM USA. Following entry of judgment, PM USA appealed. In May 2001, the trial court approved a stipulation providing that execution of the punitive damages component of the Engle judgment will remain stayed against PM USA and the other participating defendants through the completion of all judicial review. As a result of the stipulation, PM USA placed $500 million into an interest-bearing escrow account that, regardless of the outcome of the judicial review, was to be paid to the court and the court was to determine how to allocate or distribute it consistent with Florida Rules of Civil Procedure. In May 2003, the Florida Third District Court of Appeal reversed the judgment entered by the trial court and instructed the trial court to order the decertification of the class. Plaintiffs petitioned the Florida Supreme Court for further review. In July 2006, the Florida Supreme Court ordered that the punitive damages award be vacated, that the class approved by the trial court be decertified and that members of the decertified class could file individual actions against defendants within one year of issuance of the mandate. The court further declared the following Phase I findings are entitled to res judicata effect in such individual actions brought within one year of the issuance of the mandate: (i) that smoking causes various diseases; (ii) that nicotine in cigarettes is addictive; (iii) that defendants’ cigarettes were defective and unreasonably dangerous; (iv) that defendants concealed or omitted material information not otherwise known or available knowing that the material was false or misleading or failed to disclose a material fact concerning the health effects or addictive nature of smoking; (v) that defendants agreed to misrepresent information regarding the health effects or addictive nature of cigarettes with the intention of causing the public to rely on this information to their detriment; (vi) that defendants agreed to conceal or omit information regarding the health effects of cigarettes or their addictive nature with the intention that smokers would rely on the information to their detriment; (vii) that all defendants sold or supplied cigarettes that were defective; and (viii) that defendants were negligent. The court also reinstated compensatory damages awards totaling approximately $6.9 million to two individual plaintiffs and found that a third plaintiff’s claim was barred by the statute of limitations. In February 2008 , PM USA paid approximately $3 million , representing its share of compensatory damages and interest, to the two individual plaintiffs identified in the Florida Supreme Court’s order. In August 2006, PM USA sought rehearing from the Florida Supreme Court on parts of its July 2006 opinion, including the ruling (described above) that certain jury findings have res judicata effect in subsequent individual trials timely brought by Engle class members. The rehearing motion also asked, among other things, that legal errors that were raised but not expressly ruled upon in the Florida Third District Court of Appeal or in the Florida Supreme Court now be addressed. Plaintiffs also filed a motion for rehearing in August 2006 seeking clarification of the applicability of the statute of limitations to non-members of the decertified class. In December 2006, the Florida Supreme Court refused to revise its July 2006 ruling, except that it revised the set of Phase I findings entitled to res judicata effect by excluding finding (v) listed above (relating to agreement to misrepresent information), and added the finding that defendants sold or supplied cigarettes that, at the time of sale or supply, did not conform to the representations of fact made by defendants. In January 2007, the Florida Supreme Court issued the mandate from its revised opinion. Defendants then filed a motion with the Florida Third District Court of Appeal requesting that the court address legal errors that were previously raised by defendants but have not yet been addressed either by the Florida Third District Court of Appeal or by the Florida Supreme Court. In February 2007, the Florida Third District Court of Appeal denied defendants’ motion. In May 2007, defendants’ motion for a partial stay of the mandate pending the completion of appellate review was denied by the Florida Third District Court of Appeal. In May 2007, defendants filed a petition for writ of certiorari with the United States Supreme Court, which the United States Supreme Court denied later in 2007. In February 2008, the trial court decertified the class, except for purposes of the May 2001 bond stipulation, and formally vacated the punitive damages award pursuant to the Florida Supreme Court’s mandate. In April 2008, the trial court ruled that certain defendants, including PM USA, lacked standing with respect to allocation of the funds escrowed under the May 2001 bond stipulation and would receive no credit at that time from the $500 million paid by PM USA against any future punitive damages awards in cases brought by former Engle class members. In May 2008, the trial court, among other things, decertified the limited class maintained for purposes of the May 2001 bond stipulation and, in July 2008, severed the remaining plaintiffs’ claims except for those of Howard Engle. The only remaining plaintiff in the Engle case, Howard Engle, voluntarily dismissed his claims with prejudice. ▪ Engle Progeny Cases: The deadline for filing Engle progeny cases, as required by the Florida Supreme Court’s Engle decision, expired in January 2008. As of January 26, 2016, approximately 3,040 state court cases were pending against PM USA or Altria Group, Inc. asserting individual claims by or on behalf of approximately 4,000 state court plaintiffs. While the Federal Engle Agreement (discussed below) resolved nearly all Engle progeny cases pending in federal court, as of January 26, 2016, 23 cases were pending against PM USA in federal court representing the cases excluded from that agreement. Because of a number of factors, including, but not limited to, docketing delays, duplicated filings and overlapping dismissal orders, these numbers are estimates. ▪ Agreement to Resolve Federal Engle Progeny Cases: In February 2015, PM USA, R.J. Reynolds Tobacco Company (“R.J. Reynolds”) and Lorillard Tobacco Company (“Lorillard”) reached a tentative agreement to resolve approximately 415 pending federal Engle progeny cases (the “Federal Engle Agreement”). Under the terms of the Federal Engle Agreement, PM USA paid into escrow approximately $43 million in March 2015. PM USA recorded a pre-tax provision of approximately $43 million in the first quarter of 2015. Federal cases that were in trial as of February 25, 2015 and those that have previously reached final verdict were not included in the Federal Engle Agreement. The Federal Engle Agreement was conditioned on approval by all federal court plaintiffs in the cases resolved by the Federal Engle Agreement or as the parties otherwise agree. The parties satisfied all conditions and, in December 2015, the cases subject to the Federal Engle Agreement were dismissed, thereby entitling plaintiffs to the $43 million escrow amount. ▪ Engle Progeny Trial Results: As of January 26, 2016, 92 federal and state Engle progeny cases involving PM USA have resulted in verdicts since the Florida Supreme Court Engle decision. Fifty-one verdicts were returned in favor of plaintiffs and two verdicts ( Graham and Skolnick ) that were initially returned in favor of plaintiffs were reversed on appeal and remain pending. Thirty-nine verdicts were returned in favor of PM USA, of which 30 were state cases ( Gelep , Kalyvas , Gil de Rubio , Warrick , Willis , Russo (formerly Frazier ), C. Campbell , Rohr , Espinosa , Oliva , Weingart , Junious , Szymanski , Hancock , D. Cohen , LaMotte , J. Campbell , Dombey , Haldeman , Blasco , Gonzalez , Banks , Surico , Baum , Bishop , Vila , McMannis , Collar , Suarez and Shulman ) and 9 were federal cases ( Gollihue , McCray , Denton , Wilder , Jacobson , Reider , Davis , Starbuck and Sowers ). In addition, there have been a number of mistrials, only some of which have resulted in new trials as of January 26, 2016. The juries in the Reider and Banks cases returned zero damages verdicts in favor of PM USA . The juries in the Weingart and Hancock cases returned verdicts against PM USA awarding no damages, but the trial court in each case granted an additur . In the Russo case (formerly Frazier ), however, the Florida Third District Court of Appeal reversed the judgment in defendants’ favor in April 2012 and remanded the case for a new trial. In April 2015, the Florida Supreme Court affirmed the reversal, rejecting defendants’ argument that the statute of repose applies to fraud and conspiracy claims in Engle progeny cases. In the trial court, the case was retried and, in April 2015, the jury returned a verdict in favor of defendants. The charts below list the verdicts and post-trial developments in certain Engle progeny cases in which verdicts were returned in favor of plaintiffs (including Hancock , where the verdict originally was returned in favor of PM USA). The first chart lists such cases that are pending as of January 26, 2016; the second chart lists such cases that were pending within the previous 12 months, but that are now concluded. Currently-Pending Cases _________________________________________________________________________________________________________________________________________ Plaintiff: Ledoux Date: December 2015 Verdict: A Miami-Dade County jury returned a verdict in favor of plaintiff and against PM USA and R.J. Reynolds awarding $10 million in compensatory damages and allocating 47% of the fault to PM USA. The jury also awarded plaintiff $12.5 million in punitive damages against each defendant. Post-Trial Developments: On January 4, 2016, PM USA and R.J. Reynolds filed various post-trial motions, including motions to set aside the verdict and for a new trial. On January 6, 2016, the trial court entered final judgment against PM USA and R.J. Reynolds without any deduction for plaintiff’s comparative fault. _________________________________________________________________________________________________________________________________________ Plaintiff: Barbose Date: November 2015 Verdict: A Pasco County jury returned a verdict in favor of plaintiff and against PM USA and R.J. Reynolds awarding $10 million in compensatory damages and allocating 42.5% of the fault to PM USA. The jury also awarded plaintiff $500,000 in punitive damages against each defendant. Post-Trial Developments: On November 23, 2015, the court entered final judgment in favor of plaintiff without any deduction for plaintiff’s comparative fault. On December 2, 2015, PM USA and R.J. Reynolds filed various post-trial motions, including motions to set aside the verdict and for a new trial, which the court denied on January 21, 2016. _________________________________________________________________________________________________________________________________________ Plaintiff: Tognoli Date: November 2015 Verdict: A Broward County jury returned a verdict in favor of plaintiff and against PM USA awarding $1.05 million in compensatory damages and allocating 15% of the fault to PM USA (an amount of $157,500 ). Post-Trial Developments: On December 3, 2015, PM USA filed a motion to set aside the verdict and for judgment in accordance with its motion for directed verdict. On January 14, 2016, the trial court entered final judgment against PM USA with a deduction for plaintiff’s comparative fault. On January 15, 2016, plaintiff filed an appeal to the Florida Fourth District Court of Appeal. On January 19, 2016, the trial court denied PM USA’s post-trial motions and, on January 25, 2016, PM USA cross-appealed. _________________________________________________________________________________________________________________________________________ Plaintiff: Danielson Date: November 2015 Verdict: An Escambia County jury returned a verdict in favor of plaintiff and against PM USA awarding $325,000 in compensatory damages and allocating 49% of the fault to PM USA. The jury also awarded plaintiff $325,000 in punitive damages. Post-Trial Developments: On November 17, 2015, plaintiff filed a motion to enforce the parties’ pretrial stipulation of $2.3 million in economic damages. The plaintiff also filed a motion for an additur or, in the alternative, for a new trial. On November 19, 2015, PM USA filed post-trial motions, including a motion concerning the proper form of judgment and for a new trial. On December 31, 2015, the trial court granted plaintiff’s motion for a new trial on damages and denied PM USA’s post-trial motions. On January 13, 2016, PM USA filed a notice of appeal to the Florida First District Court of Appeal. _________________________________________________________________________________________________________________________________________ Plaintiff: Marchese Date: October 2015 Verdict: A Broward County jury returned a verdict in favor of plaintiff and against PM USA and R.J. Reynolds awarding $1 million in compensatory damages and allocating 22.5% of the fault to PM USA. The jury also awarded plaintiff $250,000 in punitive damages against each defendant. Post-Trial Developments: In October 2015, defendants filed various post-trial motions, including motions to set aside the verdict and for a new trial. On November 5, 2015, the court entered final judgment in favor of plaintiff. The post-trial motions remain pending. _________________________________________________________________________________________________________________________________________ Plaintiff: Duignan Date: September 2015 Verdict: A Pinellas County jury returned a verdict in favor of plaintiff and against PM USA and R.J. Reynolds awarding $6 million in compensatory damages and allocating 37% of the fault to PM USA. The jury also awarded plaintiff $3.5 million in punitive damages against PM USA. Post-Trial Developments: In September 2015, the trial court entered final judgment with |
Condensed Consolidating Financi
Condensed Consolidating Financial Information | 12 Months Ended |
Dec. 31, 2015 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Condensed Consolidating Financial Information | Condensed Consolidating Financial Information PM USA, which is a 100% owned subsidiary of Altria Group, Inc., has guaranteed Altria Group, Inc.’s obligations under its outstanding debt securities, borrowings under its Credit Agreement and amounts outstanding under its commercial paper program (the “Guarantees”). Pursuant to the Guarantees, PM USA fully and unconditionally guarantees, as primary obligor, the payment and performance of Altria Group, Inc.’s obligations under the guaranteed debt instruments (the “Obligations”), subject to release under certain customary circumstances as noted below. The Guarantees provide that PM USA guarantees the punctual payment when due, whether at stated maturity, by acceleration or otherwise, of the Obligations. The liability of PM USA under the Guarantees is absolute and unconditional irrespective of: any lack of validity, enforceability or genuineness of any provision of any agreement or instrument relating thereto; any change in the time, manner or place of payment of, or in any other term of, all or any of the Obligations, or any other amendment or waiver of or any consent to departure from any agreement or instrument relating thereto; any exchange, release or non-perfection of any collateral, or any release or amendment or waiver of or consent to departure from any other guarantee, for all or any of the Obligations; or any other circumstance that might otherwise constitute a defense available to, or a discharge of, Altria Group, Inc. or PM USA. The obligations of PM USA under the Guarantees are limited to the maximum amount as will not result in PM USA’s obligations under the Guarantees constituting a fraudulent transfer or conveyance, after giving effect to such maximum amount and all other contingent and fixed liabilities of PM USA that are relevant under Bankruptcy Law, the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act or any similar federal or state law to the extent applicable to the Guarantees. For this purpose, “Bankruptcy Law” means Title 11, U.S. Code, or any similar federal or state law for the relief of debtors. PM USA will be unconditionally released and discharged from the Obligations upon the earliest to occur of: ▪ the date, if any, on which PM USA consolidates with or merges into Altria Group, Inc. or any successor; ▪ the date, if any, on which Altria Group, Inc. or any successor consolidates with or merges into PM USA; ▪ the payment in full of the Obligations pertaining to such Guarantees; and ▪ the rating of Altria Group, Inc.’s long-term senior unsecured debt by Standard & Poor’s of A or higher. At December 31, 2015 , the respective principal 100% owned subsidiaries of Altria Group, Inc. and PM USA were not limited by long-term debt or other agreements in their ability to pay cash dividends or make other distributions with respect to their equity interests. The following sets forth the condensed consolidating balance sheets as of December 31, 2015 and 2014 , condensed consolidating statements of earnings and comprehensive earnings for the years ended December 31, 2015 , 2014 and 2013 , and condensed consolidating statements of cash flows for the years ended December 31, 2015 , 2014 and 2013 for Altria Group, Inc., PM USA and, collectively, Altria Group, Inc.’s other subsidiaries that are not guarantors of Altria Group, Inc.’s debt instruments (the “Non-Guarantor Subsidiaries”). The financial information is based on Altria Group, Inc.’s understanding of the Securities and Exchange Commission (“SEC”) interpretation and application of Rule 3-10 of SEC Regulation S-X. The financial information may not necessarily be indicative of results of operations or financial position had PM USA and the Non-Guarantor Subsidiaries operated as independent entities. Altria Group, Inc. and PM USA account for investments in their subsidiaries under the equity method of accounting. Condensed Consolidating Balance Sheets (in millions of dollars) ____________________________ at December 31, 2015 Altria Group, Inc. PM USA Non- Guarantor Subsidiaries Total Consolidating Adjustments Consolidated Assets Cash and cash equivalents $ 2,313 $ — $ 56 $ — $ 2,369 Receivables — 7 117 — 124 Inventories: Leaf tobacco — 562 395 — 957 Other raw materials — 123 58 — 181 Work in process — 5 439 — 444 Finished product — 121 328 — 449 — 811 1,220 — 2,031 Due from Altria Group, Inc. and subsidiaries — 3,821 1,807 (5,628 ) — Deferred income taxes — 1,268 7 (100 ) 1,175 Other current assets 284 65 112 (74 ) 387 Total current assets 2,597 5,972 3,319 (5,802 ) 6,086 Property, plant and equipment, at cost — 3,102 1,775 — 4,877 Less accumulated depreciation — 2,157 738 — 2,895 — 945 1,037 — 1,982 Goodwill — — 5,285 — 5,285 Other intangible assets, net — 2 12,026 — 12,028 Investment in SABMiller 5,483 — — — 5,483 Investment in consolidated subsidiaries 11,648 2,715 — (14,363 ) — Finance assets, net — — 1,239 — 1,239 Due from Altria Group, Inc. and subsidiaries 4,790 — — (4,790 ) — Other assets 92 536 131 (327 ) 432 Total Assets $ 24,610 $ 10,170 $ 23,037 $ (25,282 ) $ 32,535 Condensed Consolidating Balance Sheets (Continued) (in millions of dollars) ____________________________ at December 31, 2015 Altria Group, Inc. PM USA Non- Guarantor Subsidiaries Total Consolidating Adjustments Consolidated Liabilities Current portion of long-term debt $ — $ — $ 4 $ — $ 4 Accounts payable 3 104 293 — 400 Accrued liabilities: Marketing — 586 109 — 695 Employment costs 18 11 169 — 198 Settlement charges — 3,585 5 — 3,590 Other 354 616 285 (174 ) 1,081 Dividends payable 1,110 — — — 1,110 Due to Altria Group, Inc. and subsidiaries 5,427 191 10 (5,628 ) — Total current liabilities 6,912 5,093 875 (5,802 ) 7,078 Long-term debt 12,903 — 12 — 12,915 Deferred income taxes 1,547 — 4,443 (327 ) 5,663 Accrued pension costs 215 — 1,062 — 1,277 Accrued postretirement health care costs — 1,460 785 — 2,245 Due to Altria Group, Inc. and subsidiaries — — 4,790 (4,790 ) — Other liabilities 153 126 168 — 447 Total Liabilities 21,730 6,679 12,135 (10,919 ) 29,625 Contingencies Redeemable noncontrolling interest — — 37 — 37 Stockholders’ Equity Common stock 935 — 9 (9 ) 935 Additional paid-in capital 5,813 3,310 11,456 (14,766 ) 5,813 Earnings reinvested in the business 27,257 436 1,099 (1,535 ) 27,257 Accumulated other comprehensive losses (3,280 ) (255 ) (1,692 ) 1,947 (3,280 ) Cost of repurchased stock (27,845 ) — — — (27,845 ) Total stockholders’ equity attributable to Altria Group, Inc. 2,880 3,491 10,872 (14,363 ) 2,880 Noncontrolling interests — — (7 ) — (7 ) Total stockholders’ equity 2,880 3,491 10,865 (14,363 ) 2,873 Total Liabilities and Stockholders’ Equity $ 24,610 $ 10,170 $ 23,037 $ (25,282 ) $ 32,535 Condensed Consolidating Balance Sheets (in millions of dollars) ____________________________ at December 31, 2014 Altria Group, Inc. PM USA Non- Guarantor Subsidiaries Total Consolidating Adjustments Consolidated Assets Cash and cash equivalents $ 3,281 $ 3 $ 37 $ — $ 3,321 Receivables — 6 118 — 124 Inventories: Leaf tobacco — 616 375 — 991 Other raw materials — 132 68 — 200 Work in process — 4 425 — 429 Finished product — 134 286 — 420 — 886 1,154 — 2,040 Due from Altria Group, Inc. and subsidiaries 568 3,535 1,279 (5,382 ) — Deferred income taxes — 1,190 9 (56 ) 1,143 Other current assets 54 101 122 (27 ) 250 Total current assets 3,903 5,721 2,719 (5,465 ) 6,878 Property, plant and equipment, at cost — 3,112 1,643 — 4,755 Less accumulated depreciation — 2,091 681 — 2,772 — 1,021 962 — 1,983 Goodwill — — 5,285 — 5,285 Other intangible assets, net — 2 12,047 — 12,049 Investment in SABMiller 6,183 — — — 6,183 Investment in consolidated subsidiaries 10,665 2,775 — (13,440 ) — Finance assets, net — — 1,614 — 1,614 Due from Altria Group, Inc. and subsidiaries 4,790 — — (4,790 ) — Other assets 148 541 121 (327 ) 483 Total Assets $ 25,689 $ 10,060 $ 22,748 $ (24,022 ) $ 34,475 Condensed Consolidating Balance Sheets (Continued) (in millions of dollars) ____________________________ at December 31, 2014 Altria Group, Inc. PM USA Non- Guarantor Subsidiaries Total Consolidating Adjustments Consolidated Liabilities Current portion of long-term debt $ 1,000 $ — $ — $ — $ 1,000 Accounts payable 18 118 280 — 416 Accrued liabilities: Marketing — 505 113 — 618 Employment costs 18 10 158 — 186 Settlement charges — 3,495 5 — 3,500 Other 321 400 287 (83 ) 925 Dividends payable 1,028 — — — 1,028 Due to Altria Group, Inc. and subsidiaries 4,414 402 566 (5,382 ) — Total current liabilities 6,799 4,930 1,409 (5,465 ) 7,673 Long-term debt 13,693 — — — 13,693 Deferred income taxes 1,754 — 4,661 (327 ) 6,088 Accrued pension costs 233 — 779 — 1,012 Accrued postretirement health care costs — 1,608 853 — 2,461 Due to Altria Group, Inc. and subsidiaries — — 4,790 (4,790 ) — Other liabilities 196 151 156 — 503 Total Liabilities 22,675 6,689 12,648 (10,582 ) 31,430 Contingencies Redeemable noncontrolling interest — — 35 — 35 Stockholders’ Equity Common stock 935 — 9 (9 ) 935 Additional paid-in capital 5,735 3,310 10,688 (13,998 ) 5,735 Earnings reinvested in the business 26,277 402 995 (1,397 ) 26,277 Accumulated other comprehensive losses (2,682 ) (341 ) (1,623 ) 1,964 (2,682 ) Cost of repurchased stock (27,251 ) — — — (27,251 ) Total stockholders’ equity attributable to Altria Group, Inc. 3,014 3,371 10,069 (13,440 ) 3,014 Noncontrolling interests — — (4 ) — (4 ) Total stockholders’ equity 3,014 3,371 10,065 (13,440 ) 3,010 Total Liabilities and Stockholders’ Equity $ 25,689 $ 10,060 $ 22,748 $ (24,022 ) $ 34,475 Condensed Consolidating Statements of Earnings and Comprehensive Earnings (in millions of dollars) _____________________________ for the year ended December 31, 2015 Altria Group, Inc. PM USA Non- Guarantor Subsidiaries Total Consolidating Adjustments Consolidated Net revenues $ — $ 22,133 $ 3,342 $ (41 ) $ 25,434 Cost of sales — 6,664 1,117 (41 ) 7,740 Excise taxes on products — 6,369 211 — 6,580 Gross profit — 9,100 2,014 — 11,114 Marketing, administration and research costs 189 2,094 425 — 2,708 Changes to Mondelēz & PMI tax-related receivables/payables 41 — — — 41 Asset impairment and exit costs — — 4 — 4 Operating (expense) income (230 ) 7,006 1,585 — 8,361 Interest and other debt expense, net 560 33 224 — 817 Loss on early extinguishment of debt 228 — — — 228 Earnings from equity investment in SABMiller (757 ) — — — (757 ) Other income, net (5 ) — — — (5 ) (Loss) Earnings before income taxes and equity earnings of subsidiaries (256 ) 6,973 1,361 — 8,078 (Benefit) provision for income taxes (184 ) 2,536 483 — 2,835 Equity earnings of subsidiaries 5,313 268 — (5,581 ) — Net earnings 5,241 4,705 878 (5,581 ) 5,243 Net earnings attributable to noncontrolling interests — — (2 ) — (2 ) Net earnings attributable to Altria Group, Inc. $ 5,241 $ 4,705 $ 876 $ (5,581 ) $ 5,241 Net earnings $ 5,241 $ 4,705 $ 878 $ (5,581 ) $ 5,243 Other comprehensive (losses) earnings, net of deferred income taxes (598 ) 86 (69 ) (17 ) (598 ) Comprehensive earnings 4,643 4,791 809 (5,598 ) 4,645 Comprehensive earnings attributable to noncontrolling interests — — (2 ) — (2 ) Comprehensive earnings attributable to Altria Group, Inc. $ 4,643 $ 4,791 $ 807 $ (5,598 ) $ 4,643 Condensed Consolidating Statements of Earnings and Comprehensive Earnings (in millions of dollars) _____________________________ for the year ended December 31, 2014 Altria Group, Inc. PM USA Non- Guarantor Subsidiaries Total Consolidating Adjustments Consolidated Net revenues $ — $ 21,298 $ 3,267 $ (43 ) $ 24,522 Cost of sales — 6,722 1,106 (43 ) 7,785 Excise taxes on products — 6,358 219 — 6,577 Gross profit — 8,218 1,942 — 10,160 Marketing, administration and research costs 231 1,889 419 — 2,539 Changes to Mondelēz and PMI tax-related receivables/payables 2 — — — 2 Asset impairment and exit costs — (6 ) 5 — (1 ) Operating (expense) income (233 ) 6,335 1,518 — 7,620 Interest and other debt expense (income), net 614 (46 ) 240 — 808 Loss on early extinguishment of debt — — 44 — 44 Earnings from equity investment in SABMiller (1,006 ) — — — (1,006 ) Earnings before income taxes and equity earnings of subsidiaries 159 6,381 1,234 — 7,774 (Benefit) provision for income taxes (119 ) 2,381 442 — 2,704 Equity earnings of subsidiaries 4,792 244 — (5,036 ) — Net earnings 5,070 4,244 792 (5,036 ) 5,070 Net earnings attributable to noncontrolling interests — — — — — Net earnings attributable to Altria Group, Inc. $ 5,070 $ 4,244 $ 792 $ (5,036 ) $ 5,070 Net earnings $ 5,070 $ 4,244 $ 792 $ (5,036 ) $ 5,070 Other comprehensive losses, net of deferred income taxes (1,304 ) (110 ) (642 ) 752 (1,304 ) Comprehensive earnings 3,766 4,134 150 (4,284 ) 3,766 Comprehensive earnings attributable to noncontrolling interests — — — — — Comprehensive earnings attributable to Altria Group, Inc. $ 3,766 $ 4,134 $ 150 $ (4,284 ) $ 3,766 Condensed Consolidating Statements of Earnings and Comprehensive Earnings (in millions of dollars) _____________________________ for the year ended December 31, 2013 Altria Group, Inc. PM USA Non- Guarantor Subsidiaries Total Consolidating Adjustments Consolidated Net revenues $ — $ 21,231 $ 3,269 $ (34 ) $ 24,466 Cost of sales — 6,281 959 (34 ) 7,206 Excise taxes on products — 6,553 250 — 6,803 Gross profit — 8,397 2,060 — 10,457 Marketing, administration and research costs 223 1,837 280 — 2,340 Changes to Mondelēz and PMI tax-related receivables/payables 25 (3 ) — — 22 Asset impairment and exit costs — 3 8 — 11 Operating (expense) income (248 ) 6,560 1,772 — 8,084 Interest and other debt expense, net 643 2 404 — 1,049 Loss on early extinguishment of debt 1,084 — — — 1,084 Earnings from equity investment in SABMiller (991 ) — — — (991 ) (Loss) earnings before income taxes and equity earnings of subsidiaries (984 ) 6,558 1,368 — 6,942 (Benefit) provision for income taxes (488 ) 2,406 489 — 2,407 Equity earnings of subsidiaries 5,031 216 — (5,247 ) — Net earnings 4,535 4,368 879 (5,247 ) 4,535 Net earnings attributable to noncontrolling interests — — — — — Net earnings attributable to Altria Group, Inc. $ 4,535 $ 4,368 $ 879 $ (5,247 ) $ 4,535 Net earnings $ 4,535 $ 4,368 $ 879 $ (5,247 ) $ 4,535 Other comprehensive earnings, net of deferred income taxes 662 198 910 (1,108 ) 662 Comprehensive earnings 5,197 4,566 1,789 (6,355 ) 5,197 Comprehensive earnings attributable to noncontrolling interests — — — — — Comprehensive earnings attributable to Altria Group, Inc. $ 5,197 $ 4,566 $ 1,789 $ (6,355 ) $ 5,197 Condensed Consolidating Statements of Cash Flows (in millions of dollars) _____________________________ for the year ended December 31, 2015 Altria Group, Inc. PM USA Non- Guarantor Subsidiaries Total Consolidating Adjustments Consolidated Cash Provided by Operating Activities Net cash provided by operating activities $ 5,085 $ 5,204 $ 961 $ (5,440 ) $ 5,810 Cash Provided by (Used in) Investing Activities Capital expenditures — (51 ) (178 ) — (229 ) Proceeds from finance assets — — 354 — 354 Payment for derivative financial instrument (132 ) — — — (132 ) Other — 10 (18 ) — (8 ) Net cash (used in) provided by investing activities (132 ) (41 ) 158 — (15 ) Cash Provided by (Used in) Financing Activities Long-term debt repaid (1,793 ) — — — (1,793 ) Repurchases of common stock (554 ) — — — (554 ) Dividends paid on common stock (4,179 ) — — — (4,179 ) Changes in amounts due to/from Altria Group, Inc. and subsidiaries 814 (495 ) (319 ) — — Premiums and fees related to early extinguishment of debt (226 ) — — — (226 ) Cash dividends paid to parent — (4,671 ) (769 ) 5,440 — Other 17 — (12 ) — 5 Net cash used in financing activities (5,921 ) (5,166 ) (1,100 ) 5,440 (6,747 ) Cash and cash equivalents: (Decrease) increase (968 ) (3 ) 19 — (952 ) Balance at beginning of year 3,281 3 37 — 3,321 Balance at end of year $ 2,313 $ — $ 56 $ — $ 2,369 Condensed Consolidating Statements of Cash Flows (in millions of dollars) _____________________________ for the year ended December 31, 2014 Altria Group, Inc. PM USA Non- Guarantor Subsidiaries Total Consolidating Adjustments Consolidated Cash Provided by Operating Activities Net cash provided by operating activities $ 4,924 $ 4,451 $ 707 $ (5,419 ) $ 4,663 Cash Provided by (Used in) Investing Activities Capital expenditures — (44 ) (119 ) — (163 ) Acquisition of Green Smoke, net of acquired cash — — (102 ) — (102 ) Proceeds from finance assets — — 369 — 369 Other — 70 3 — 73 Net cash provided by investing activities — 26 151 — 177 Cash Provided by (Used in) Financing Activities Long-term debt issued 999 — — — 999 Long-term debt repaid (525 ) — (300 ) — (825 ) Repurchases of common stock (939 ) — — — (939 ) Dividends paid on common stock (3,892 ) — — — (3,892 ) Changes in amounts due to/from Altria Group, Inc. and subsidiaries (411 ) (351 ) 762 — — Premiums and fees related to early extinguishment of debt — — (44 ) — (44 ) Cash dividends paid to parent — (4,124 ) (1,295 ) 5,419 — Other 11 — (4 ) — 7 Net cash used in financing activities (4,757 ) (4,475 ) (881 ) 5,419 (4,694 ) Cash and cash equivalents: Increase (decrease) 167 2 (23 ) — 146 Balance at beginning of year 3,114 1 60 — 3,175 Balance at end of year $ 3,281 $ 3 $ 37 $ — $ 3,321 Condensed Consolidating Statements of Cash Flows (in millions of dollars) _____________________________ for the year ended December 31, 2013 Altria Group, Inc. PM USA Non- Guarantor Subsidiaries Total Consolidating Adjustments Consolidated Cash Provided by Operating Activities Net cash provided by operating activities $ 4,520 $ 4,192 $ 387 $ (4,724 ) $ 4,375 Cash Provided by (Used in) Investing Activities Capital expenditures — (31 ) (100 ) — (131 ) Proceeds from finance assets — — 716 — 716 Other — — 17 — 17 Net cash (used in) provided by investing activities — (31 ) 633 — 602 Cash Provided by (Used in) Financing Activities Long-term debt issued 4,179 — — — 4,179 Long-term debt repaid (3,559 ) — — — (3,559 ) Repurchases of common stock (634 ) — — — (634 ) Dividends paid on common stock (3,612 ) — — — (3,612 ) Changes in amounts due to/from Altria Group, Inc. and subsidiaries 432 240 (672 ) — — Premiums and fees related to early extinguishment of debt (1,054 ) — — — (1,054 ) Cash dividends paid to parent — (4,400 ) (324 ) 4,724 — Other (20 ) — (2 ) — (22 ) Net cash used in financing activities (4,268 ) (4,160 ) (998 ) 4,724 (4,702 ) Cash and cash equivalents: Increase 252 1 22 — 275 Balance at beginning of year 2,862 — 38 — 2,900 Balance at end of year $ 3,114 $ 1 $ 60 $ — $ 3,175 |
Quarterly Financial Data (Unaud
Quarterly Financial Data (Unaudited) | 12 Months Ended |
Dec. 31, 2015 | |
Quarterly Financial Data [Abstract] | |
Quarterly Financial Data (Unaudited) | Quarterly Financial Data (Unaudited) 2015 Quarters (in millions, except per share data) 1st 2nd 3rd 4th Net revenues $ 5,804 $ 6,613 $ 6,699 $ 6,318 Gross profit $ 2,475 $ 2,871 $ 3,046 $ 2,722 Net earnings $ 1,018 $ 1,449 $ 1,528 $ 1,248 Net earnings attributable to Altria Group, Inc. $ 1,018 $ 1,448 $ 1,528 $ 1,247 Per share data: Basic and diluted EPS attributable to Altria Group, Inc. $ 0.52 $ 0.74 $ 0.78 $ 0.64 2014 Quarters (in millions, except per share data) 1st 2nd 3rd 4th Net revenues $ 5,517 $ 6,256 $ 6,491 $ 6,258 Gross profit $ 2,256 $ 2,603 $ 2,674 $ 2,627 Net earnings $ 1,175 $ 1,262 $ 1,397 $ 1,236 Net earnings attributable to Altria Group, Inc. $ 1,175 $ 1,262 $ 1,397 $ 1,236 Per share data: Basic and diluted EPS attributable to Altria Group, Inc. $ 0.59 $ 0.64 $ 0.71 $ 0.63 During 2015 and 2014 , the following pre-tax charges or (gains) were included in net earnings attributable to Altria Group, Inc.: 2015 Quarters (in millions) 1st 2nd 3rd 4th NPM Adjustment Items $ — $ — $ (126 ) $ 42 Tobacco and health litigation items, including accrued interest 43 5 67 35 Asset impairment, exit and integration costs — 7 1 3 Loss on early extinguishment of debt 228 — — — Other income, net — — — (5 ) SABMiller special items 86 2 8 30 $ 357 $ 14 $ (50 ) $ 105 2014 Quarters (in millions) 1st 2nd 3rd 4th NPM Adjustment Items $ (64 ) $ (26 ) $ — $ — Tobacco and health litigation items, including accrued interest 4 31 4 5 Asset impairment, exit, integration and acquisition-related costs 2 (1 ) 15 5 Loss on early extinguishment of debt — — — 44 SABMiller special items 9 23 (42 ) 35 $ (49 ) $ 27 $ (23 ) $ 89 As discussed in Note 14 . Income Taxes , Altria Group, Inc. has recognized income tax benefits and charges in the consolidated statements of earnings during 2015 and 2014 as a result of various tax events. |
Subsequent Event
Subsequent Event | 12 Months Ended |
Dec. 31, 2015 | |
Subsequent Events [Abstract] | |
Subsequent Event | Subsequent Event On January 27, 2016, the Board of Directors approved a productivity initiative designed to maintain Altria Group, Inc.’s operating companies’ leadership and cost competitiveness. The initiative, which will reduce spending on certain selling, general and administrative infrastructure and implement a leaner organizational structure, is expected to deliver approximately $300 million in annualized productivity savings by the end of 2017. Altria Group, Inc. estimates total pre-tax restructuring charges in connection with the initiative of approximately $140 million , or $0.05 per share, substantially all of which is expected to be recorded in the first quarter of 2016. The estimated charges, substantially all of which will result in cash expenditures, relate primarily to employee separation costs of approximately $120 million and other associated costs of approximately $20 million . These estimated charges do not reflect the non-cash impact that may result from pension settlement and curtailment accounting. |
Summary of Significant Accoun30
Summary of Significant Accounting Policies (Policy) | 12 Months Ended |
Dec. 31, 2015 | |
Accounting Policies [Abstract] | |
Cash and Cash Equivalents | Cash and Cash Equivalents: Cash equivalents include demand deposits with banks and all highly liquid investments with original maturities of three months or less. Cash equivalents are stated at cost plus accrued interest, which approximates fair value. |
Depreciation and Amortization | Property, plant and equipment are stated at historical costs and depreciated by the straight-line method over the estimated useful lives of the assets. Machinery and equipment are depreciated over periods up to 25 years, and buildings and building improvements over periods up to 50 years. Definite-lived intangible assets are amortized over their estimated useful lives up to 25 years. |
Impairment Testing and Asset Valuation | Altria Group, Inc. reviews long-lived assets, including definite-lived intangible assets, for impairment whenever events or changes in business circumstances indicate that the carrying value of the assets may not be fully recoverable. Altria Group, Inc. performs undiscounted operating cash flow analyses to determine if an impairment exists. For purposes of recognition and measurement of an impairment for assets held for use, Altria Group, Inc. groups assets and liabilities at the lowest level for which cash flows are separately identifiable. If an impairment is determined to exist, any related impairment loss is calculated based on fair value. Impairment losses on assets to be disposed of, if any, are based on the estimated proceeds to be received, less costs of disposal. Altria Group, Inc. also reviews the estimated remaining useful lives of long-lived assets whenever events or changes in business circumstances indicate the lives may have changed. Altria Group, Inc. conducts a required annual review of goodwill and indefinite-lived intangible assets for potential impairment, and more frequently if an event occurs or circumstances change that would require Altria Group, Inc. to perform an interim review. If the carrying value of goodwill exceeds its fair value, which is determined using discounted cash flows, goodwill is considered impaired. The amount of impairment loss is measured as the difference between the carrying value and the implied fair value. If the carrying value of an indefinite-lived intangible asset exceeds its fair value, which is determined using discounted cash flows, the intangible asset is considered impaired and is reduced to fair value. |
Derivative Financial Instruments | Derivative Financial Instruments: Derivative financial instruments are recorded at fair value on the consolidated balance sheets as either assets or liabilities. Changes in the fair value of derivatives are recorded each period either in accumulated other comprehensive earnings (losses) or in earnings, depending on the type of derivative and whether the derivative qualifies for hedge accounting treatment. Gains and losses on derivative instruments reported in accumulated other comprehensive earnings (losses) are reclassified to the consolidated statements of earnings in the periods in which operating results are affected by the respective hedged item. Cash flows from hedging instruments are classified in the same manner as the respective hedged item in the consolidated statements of cash flows. Altria Group, Inc. does not enter into or hold derivative financial instruments for trading or speculative purposes. |
Employee Benefit Plans | Employee Benefit Plans: Altria Group, Inc. provides a range of benefits to its employees and retired employees, including pension, postretirement health care and postemployment benefits. Altria Group, Inc. records annual amounts relating to these plans based on calculations specified by U.S. GAAP, which include various actuarial assumptions as to discount rates, assumed rates of return on plan assets, mortality, compensation increases, turnover rates and health care cost trend rates. Altria Group, Inc. recognizes the funded status of its defined benefit pension and other postretirement plans on the consolidated balance sheet and records as a component of other comprehensive earnings (losses), net of deferred income taxes, the gains or losses and prior service costs or credits that have not been recognized as components of net periodic benefit cost. The gains or losses and prior service costs or credits recorded as components of other comprehensive earnings (losses) are subsequently amortized into net periodic benefit cost in future years. |
Environmental Costs | Environmental Costs: Altria Group, Inc. is subject to laws and regulations relating to the protection of the environment. Altria Group, Inc. provides for expenses associated with environmental remediation obligations on an undiscounted basis when such amounts are probable and can be reasonably estimated. Such accruals are adjusted as new information develops or circumstances change. Compliance with environmental laws and regulations, including the payment of any remediation and compliance costs or damages and the making of related expenditures, has not had, and is not expected to have, a material adverse effect on Altria Group, Inc.’s consolidated results of operations, capital expenditures, financial position or cash flows Altria Group, Inc. provides for expenses associated with environmental remediation obligations on an undiscounted basis when such amounts are probable and can be reasonably estimated. Such accruals are adjusted as new information develops or circumstances change. |
Fair Value Measurements | Fair Value Measurements: Altria Group, Inc. measures certain assets and liabilities at fair value. Fair value is defined as the exchange price that would be received to sell an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. Altria Group, Inc. uses a fair value hierarchy, which gives the highest priority to unadjusted quoted prices in active markets for identical assets and liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). The three levels of inputs used to measure fair value are: Level 1 Unadjusted quoted prices in active markets for identical assets or liabilities. Level 2 Observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. Level 3 Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. |
Finance Leases | Finance Leases: Income attributable to leveraged leases is initially recorded as unearned income and subsequently recognized as revenue over the terms of the respective leases at constant after-tax rates of return on the positive net investment balances. Investments in leveraged leases are stated net of related nonrecourse debt obligations. Finance leases include unguaranteed residual values that represent PMCC’s estimates at lease inception as to the fair values of assets under lease at the end of the non-cancelable lease terms. The estimated residual values are reviewed at least annually by PMCC’s management. This review includes analysis of a number of factors, including activity in the relevant industry. If necessary, revisions are recorded to reduce the residual values. PMCC considers rents receivable past due when they are beyond the grace period of their contractual due date. PMCC stops recording income (“non-accrual status”) on rents receivable when contractual payments become 90 days past due or earlier if management believes there is significant uncertainty of collectability of rent payments, and resumes recording income when collectability of rent payments is reasonably certain. Payments received on rents receivable that are on non-accrual status are used to reduce the rents receivable balance. Write-offs to the allowance for losses are recorded when amounts are deemed to be uncollectible. |
Guarantees | Guarantees: Altria Group, Inc. recognizes a liability for the fair value of the obligation of qualifying guarantee activities. See Note 18 . Contingencies for a further discussion of guarantees. |
Income Taxes | Income Taxes: Significant judgment is required in determining income tax provisions and in evaluating tax positions. Deferred tax assets and liabilities are determined based on the difference between the financial statement and tax bases of assets and liabilities, using enacted tax rates in effect for the year in which the differences are expected to reverse. Altria Group, Inc. records a valuation allowance when it is more-likely-than-not that some portion or all of a deferred tax asset will not be realized. Altria Group, Inc. recognizes a benefit for uncertain tax positions when a tax position taken or expected to be taken in a tax return is more-likely-than-not to be sustained upon examination by taxing authorities. The amount recognized is measured as the largest amount of benefit that is greater than 50% likely of being realized upon ultimate settlement. Altria Group, Inc. recognizes accrued interest and penalties associated with uncertain tax positions as part of the provision for income taxes on its consolidated statements of earnings. |
Inventories | Inventories: Inventories are stated at the lower of cost or market. The last-in, first-out (“LIFO”) method is used to determine the cost of substantially all tobacco inventories. The cost of the remaining inventories is determined using the first-in, first-out and average cost methods. It is a generally recognized industry practice to classify leaf tobacco and wine inventories as current assets although part of such inventory, because of the duration of the curing and aging process, ordinarily would not be used within one year. |
Litigation Contingencies and Costs | Litigation Contingencies and Costs: Altria Group, Inc. and its subsidiaries record provisions in the consolidated financial statements for pending litigation when it is determined that an unfavorable outcome is probable and the amount of the loss can be reasonably estimated. Litigation defense costs are expensed as incurred and included in marketing, administration and research costs on the consolidated statements of earnings. At the present time, while it is reasonably possible that an unfavorable outcome in a case may occur, except to the extent discussed elsewhere in this Note 18 . Contingencies : (i) management has concluded that it is not probable that a loss has been incurred in any of the pending tobacco-related cases; (ii) management is unable to estimate the possible loss or range of loss that could result from an unfavorable outcome in any of the pending tobacco-related cases; and (iii) accordingly, management has not provided any amounts in the consolidated financial statements for unfavorable outcomes, if any. Litigation defense costs are expensed as incurred. |
Marketing Costs | Marketing Costs: Altria Group, Inc.’s businesses promote their products with consumer engagement programs, consumer incentives and trade promotions. Such programs include discounts, coupons, rebates, in-store display incentives, event marketing and volume-based incentives. Consumer engagement programs are expensed as incurred. Consumer incentive and trade promotion activities are recorded as a reduction of revenues, a portion of which is based on amounts estimated as being due to wholesalers, retailers and consumers at the end of a period, based principally on historical volume, utilization and redemption rates. For interim reporting purposes, consumer engagement programs and certain consumer incentive expenses are charged to operations as a percentage of sales, based on estimated sales and related expenses for the full year. |
Revenue Recognition | Revenue Recognition: Altria Group, Inc.’s businesses recognize revenues, net of sales incentives and sales returns, and including shipping and handling charges billed to customers, upon shipment of goods when title and risk of loss pass to customers. Payments received in advance of revenue recognition are deferred and recorded in other accrued liabilities until revenue is recognized. Altria Group, Inc.’s businesses also include excise taxes billed to customers in net revenues. Shipping and handling costs are classified as part of cost of sales. |
Stock-Based Compensation | Stock-Based Compensation: Altria Group, Inc. measures compensation cost for all stock-based awards at fair value on date of grant and recognizes compensation expense over the service periods for awards expected to vest. The fair value of restricted stock and restricted stock units (also known as deferred stock) is determined based on the number of shares granted and the market value at date of grant. |
New Accounting Standards | New Accounting Standards: In May 2014, the Financial Accounting Standards Board (“FASB”) issued authoritative guidance for recognizing revenue from contracts with customers. The objective of this guidance is to establish principles for reporting information about the nature, amount, timing and uncertainty of revenue and cash flows arising from an entity’s contracts with customers. As a result of an August 2015 FASB update, the new guidance will be effective for Altria Group, Inc. for annual reporting periods beginning after December 15, 2017, including interim periods within that reporting period. Early adoption is permitted only as of annual reporting periods beginning after December 15, 2016, including interim reporting periods within that reporting period. Altria Group, Inc. is in the process of evaluating the impact of this guidance on its consolidated financial statements and related disclosures. In April 2015, the FASB issued authoritative guidance to simplify the presentation of debt issuance costs by requiring that debt issuance costs related to a recognized debt liability be presented on the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts, rather than as a deferred charge (an asset). For Altria Group, Inc., the new guidance will be effective for annual reporting periods beginning after December 15, 2015, including interim periods within that reporting period. The guidance requires all prior period balance sheets to be adjusted retrospectively and early adoption is permitted. Altria Group, Inc. will adopt the new guidance in the first quarter of 2016. At December 31, 2015 and 2014 , Altria Group, Inc. had $72 million and $83 million , respectively, of debt issuance costs included in other assets on its consolidated balance sheets. In November 2015, the FASB issued authoritative guidance to simplify the presentation of deferred income taxes by requiring that deferred tax liabilities and assets be classified as noncurrent in a classified statement of financial position. This guidance does not change the current requirement that deferred tax liabilities and assets for each tax-paying jurisdiction be offset and presented as a single amount. For Altria Group, Inc., the new guidance will be effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period. Early adoption is permitted. The guidance may be applied either prospectively to all deferred tax liabilities and assets or retrospectively to all periods presented. Altria Group, Inc. will adopt the new guidance by the first quarter of 2017. Under the new guidance, at December 31, 2015 , current deferred income tax assets of approximately $1.2 billion would have been reclassified to noncurrent deferred income tax liabilities ( $1.0 billion ) and noncurrent deferred income tax assets ( $0.2 billion ). On January 5, 2016, the FASB issued authoritative guidance to address certain aspects of recognition, measurement, presentation and disclosure of financial instruments. For Altria Group, Inc., the new guidance will be effective for annual reporting periods beginning after December 15, 2017, including interim periods within that reporting period. Early adoption of the guidance is not permitted, except for a certain provision of the guidance. Altria Group, Inc. is in the process of evaluating the impact of this guidance on its consolidated financial statements and related disclosures. |
Allowance for Losses Policy | PMCC maintains an allowance for losses that provides for estimated credit losses on its investments in finance leases. PMCC’s portfolio consists substantially of leveraged leases to a diverse base of lessees participating in a variety of industries. Losses on such leases are recorded when probable and estimable. PMCC regularly performs a systematic assessment of each individual lease in its portfolio to determine potential credit or collection issues that might indicate impairment. Impairment takes into consideration both the probability of default and the likelihood of recovery if default were to occur. PMCC considers both quantitative and qualitative factors of each investment when performing its assessment of the allowance for losses. |
Methodology of Determining Fair Value of Pension Assets | Following is a description of the valuation methodologies used for investments measured at fair value. ▪ Common/Collective Trusts : Common/collective trusts consist of funds that are intended to mirror indices such as Standard & Poor’s 500 Index, Russell Small Cap Completeness Index and MSCI EAFE Index. They are valued on the basis of the relative interest of each participating investor in the fair value of the underlying assets of each of the respective common/collective trusts. The underlying assets are valued based on the net asset value (“NAV”), which is provided by the investment account manager as a practical expedient to estimate fair value. ▪ U.S. and Foreign Government Securities : U.S. and foreign government securities consist of investments in Treasury Nominal Bonds and Inflation Protected Securities and municipal securities. Government securities are valued at a price that is based on a compilation of primarily observable market information, such as broker quotes. Matrix pricing, yield curves and indices are used when broker quotes are not available. ▪ Corporate Debt Instruments : Corporate debt instruments are valued at a price that is based on a compilation of primarily observable market information, such as broker quotes. Matrix pricing, yield curves and indices are used when broker quotes are not available. ▪ Common Stock : Common stocks are valued based on the price of the security as listed on an open active exchange on last trade date. ▪ Registered Investment Companies : Investments in mutual funds sponsored by a registered investment company are valued based on exchange listed prices and are classified in Level 1. Registered investment company funds that are designed specifically to meet Altria Group, Inc.’s pension plans investment strategies, but are not traded on an active market, are valued based on the NAV of the underlying securities and are classified in Level 2. The NAV is provided by the investment account manager as a practical expedient to estimate fair value. |
Goodwill and Other Intangible31
Goodwill and Other Intangible Assets, net (Tables) | 12 Months Ended |
Dec. 31, 2015 | |
Goodwill and Intangible Assets Disclosure [Abstract] | |
Schedule of Intangible Assets and Goodwill | Goodwill and other intangible assets, net, by segment were as follows: Goodwill Other Intangible Assets, net (in millions) December 31, 2015 December 31, 2014 December 31, 2015 December 31, 2014 Smokeable products $ 77 $ 77 $ 2,919 $ 2,937 Smokeless products 5,023 5,023 8,831 8,833 Wine 74 74 267 268 Other 111 111 11 11 Total $ 5,285 $ 5,285 $ 12,028 $ 12,049 |
Schedule of Indefinite-Lived Intangible Assets | Other intangible assets consisted of the following: December 31, 2015 December 31, 2014 (in millions) Gross Carrying Amount Accumulated Amortization Gross Carrying Amount Accumulated Amortization Indefinite-lived intangible assets $ 11,711 $ — $ 11,711 $ — Definite-lived intangible assets 465 148 465 127 Total other intangible assets $ 12,176 $ 148 $ 12,176 $ 127 |
Schedule of Definite-Lived Intangible Assets | Other intangible assets consisted of the following: December 31, 2015 December 31, 2014 (in millions) Gross Carrying Amount Accumulated Amortization Gross Carrying Amount Accumulated Amortization Indefinite-lived intangible assets $ 11,711 $ — $ 11,711 $ — Definite-lived intangible assets 465 148 465 127 Total other intangible assets $ 12,176 $ 148 $ 12,176 $ 127 |
Investment in SABMiller (Tables
Investment in SABMiller (Tables) | 12 Months Ended |
Dec. 31, 2015 | |
Equity Method Investments and Joint Ventures [Abstract] | |
Schedule of Financial Information | Summary financial data of SABMiller is as follows: At December 31, (in millions) 2015 2014 Current assets $ 4,266 $ 5,878 Long-term assets $ 38,425 $ 43,812 Current liabilities $ 6,282 $ 10,051 Long-term liabilities $ 13,960 $ 14,731 Noncontrolling interests $ 1,235 $ 1,241 For the Years Ended December 31, (in millions) 2015 2014 2013 Net revenues $ 20,188 $ 22,380 $ 22,684 Operating profit $ 3,690 $ 4,478 $ 4,201 Net earnings $ 2,838 $ 3,532 $ 3,375 |
Finance Assets, net (Tables)
Finance Assets, net (Tables) | 12 Months Ended |
Dec. 31, 2015 | |
Receivables [Abstract] | |
Summary of Net Investments in Finance Leases | A summary of the net investments in finance leases, substantially all of which were leveraged leases, at December 31, 2015 and 2014 , before allowance for losses was as follows: (in millions) 2015 2014 Rents receivable, net $ 923 $ 1,241 Unguaranteed residual values 674 827 Unearned income (316 ) (412 ) Investments in finance leases 1,281 1,656 Deferred income taxes (928 ) (1,135 ) Net investments in finance leases $ 353 $ 521 |
Schedule of Rents Receivable | Rents receivable in excess of debt service requirements on third-party nonrecourse debt at December 31, 2015 were as follows: (in millions) 2016 $ 42 2017 64 2018 155 2019 192 2020 136 Thereafter 334 Total $ 923 |
Schedule of Allowance for Losses on Finance Assets | The activity in the allowance for losses on finance assets for the years ended December 31, 2015 , 2014 and 2013 was as follows: (in millions) 2015 2014 2013 Balance at beginning of year $ 42 $ 52 $ 99 Decrease to allowance — (10 ) (47 ) Balance at end of year $ 42 $ 42 $ 52 |
Schedule of Credit Quality of Investments in Finance Leases | The credit quality of PMCC’s investments in finance leases as assigned by Standard & Poor’s Ratings Services (“Standard & Poor’s”) and Moody’s Investors Service, Inc. (“Moody’s”) at December 31, 2015 and 2014 was as follows: (in millions) 2015 2014 Credit Rating by Standard & Poor’s/Moody’s: “AAA/Aaa” to “A-/A3” $ 212 $ 417 “BBB+/Baa1” to “BBB-/Baa3” 702 833 “BB+/Ba1” and Lower 367 406 Total $ 1,281 $ 1,656 |
Long-Term Debt (Tables)
Long-Term Debt (Tables) | 12 Months Ended |
Dec. 31, 2015 | |
Debt Disclosure [Abstract] | |
Components of Long-Term Debt | At December 31, 2015 and 2014 , Altria Group, Inc.’s long-term debt consisted of the following: (in millions) 2015 2014 Notes, 2.625% to 10.20%, interest payable semi-annually, due through 2044 (1) $ 12,861 $ 14,651 Debenture, 7.75%, interest payable semi-annually, due 2027 42 42 Other 16 — 12,919 14,693 Less current portion of long-term debt 4 1,000 $ 12,915 $ 13,693 (1) Weighted-average coupon interest rate of 5.5% and 5.7% at December 31, 2015 and 2014 , respectively. |
Aggregate Maturities of Long-Term Debt | Aggregate maturities of long-term debt are as follows: (in millions) 2016 $ 4 2017 4 2018 867 2019 1,148 2020 1,000 2021 1,500 Thereafter 8,442 12,965 Less debt discounts 46 $ 12,919 |
Schedule of Tender Offers and Associated Pre-tax Losses on Early Extinguishment of Debt | Details of these debt tender offers were as follows: (in millions) 2015 2013 Notes Purchased 9.95% Notes due 2038 $ — $ 818 10.20% Notes due 2039 — 782 9.70% Notes due 2018 793 293 9.25% Notes due 2019 — 207 Total $ 793 $ 2,100 During 2014, UST redeemed in full its $300 million (aggregate principal amount) 5.75% senior notes due 2018. As a result of the Altria Group, Inc. debt tender offers and the UST debt redemption, pre-tax losses on early extinguishment of debt were recorded as follows: (in millions) 2015 2014 2013 Premiums and fees $ 226 $ 44 $ 1,054 Write-off of unamortized debt discounts and debt issuance costs 2 — 30 Total $ 228 $ 44 $ 1,084 |
Capital Stock (Tables)
Capital Stock (Tables) | 12 Months Ended |
Dec. 31, 2015 | |
Equity [Abstract] | |
Schedule Components of Issued, Repurchased and Outstanding Shares | At December 31, 2015 , Altria Group, Inc. had 12 billion shares of authorized common stock; issued, repurchased and outstanding shares of common stock were as follows: Shares Issued Shares Repurchased Shares Outstanding Balances, December 31, 2012 2,805,961,317 (796,221,021 ) 2,009,740,296 Stock award activity — 391,899 391,899 Repurchases of common stock — (16,652,913 ) (16,652,913 ) Balances, December 31, 2013 2,805,961,317 (812,482,035 ) 1,993,479,282 Stock award activity — 447,840 447,840 Repurchases of common stock — (22,452,599 ) (22,452,599 ) Balances, December 31, 2014 2,805,961,317 (834,486,794 ) 1,971,474,523 Stock award activity — (732,623 ) (732,623 ) Repurchases of common stock — (10,682,419 ) (10,682,419 ) Balances, December 31, 2015 2,805,961,317 (845,901,836 ) 1,960,059,481 |
Share Repurchases | For the years ended December 31, 2015 , 2014 and 2013 , Altria Group, Inc.’s total share repurchase activity was as follows: 2015 2014 2013 (in millions, except per share data) Total number of shares repurchased 10.7 22.5 16.7 Aggregate cost of shares repurchased $ 554 $ 939 $ 600 Average price per share of shares repurchased $ 51.83 $ 41.79 $ 36.05 |
Stock Plans (Tables)
Stock Plans (Tables) | 12 Months Ended |
Dec. 31, 2015 | |
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | |
Stock Activity | Altria Group, Inc.’s restricted stock and restricted stock units activity was as follows for the year ended December 31, 2015 : Number of Shares Weighted-Average Grant Date Fair Value Per Share Balance at December 31, 2014 4,511,911 $ 32.83 Granted 1,195,088 54.54 Vested (1,567,474 ) 28.61 Forfeited (201,840 ) 37.53 Balance at December 31, 2015 3,937,685 40.86 |
Earnings Per Share (Tables)
Earnings Per Share (Tables) | 12 Months Ended |
Dec. 31, 2015 | |
Earnings Per Share [Abstract] | |
Earnings Per Share | Basic and diluted earnings per share (“EPS”) were calculated using the following: For the Years Ended December 31, (in millions) 2015 2014 2013 Net earnings attributable to Altria Group, Inc. $ 5,241 $ 5,070 $ 4,535 Less: Distributed and undistributed earnings attributable to unvested restricted shares and restricted stock units (10 ) (12 ) (12 ) Earnings for basic and diluted EPS $ 5,231 $ 5,058 $ 4,523 Weighted-average shares for basic and diluted EPS 1,961 1,978 1,999 |
Other Comprehensive Earnings_38
Other Comprehensive Earnings/Losses (Tables) | 12 Months Ended |
Dec. 31, 2015 | |
Equity [Abstract] | |
Schedule of Accumulated Other Comprehensive Income (Loss) | The following tables set forth the changes in each component of accumulated other comprehensive losses, net of deferred income taxes, attributable to Altria Group, Inc.: (in millions) Currency Translation Adjustments Benefit Plans SABMiller Accumulated Other Comprehensive Losses Balances, December 31, 2012 $ 2 $ (2,414 ) $ 372 $ (2,040 ) Other comprehensive (losses) earnings before reclassifications (2 ) 1,559 (740 ) 817 Deferred income taxes — (609 ) 259 (350 ) Other comprehensive (losses) earnings before reclassifications, net of deferred income taxes (2 ) 950 (481 ) 467 Amounts reclassified to net earnings — 311 6 317 Deferred income taxes — (120 ) (2 ) (122 ) Amounts reclassified to net earnings, net of deferred income taxes — 191 4 195 Other comprehensive (losses) earnings, net of deferred income taxes (2 ) 1,141 (477 ) (1) 662 Balances, December 31, 2013 — (1,273 ) (105 ) (1,378 ) Other comprehensive losses before reclassifications (2 ) (1,411 ) (881 ) (2,294 ) Deferred income taxes — 550 308 858 Other comprehensive losses before reclassifications, net of deferred income taxes (2 ) (861 ) (573 ) (1,436 ) Amounts reclassified to net earnings — 154 59 213 Deferred income taxes — (60 ) (21 ) (81 ) Amounts reclassified to net earnings, net of deferred income taxes — 94 38 132 Other comprehensive losses, net of deferred income taxes (2 ) (767 ) (535 ) (1) (1,304 ) Balances, December 31, 2014 (2 ) (2,040 ) (640 ) (2,682 ) Other comprehensive losses before reclassifications (4 ) (223 ) (983 ) (1,210 ) Deferred income taxes 1 86 344 431 Other comprehensive losses before reclassifications, net of deferred income taxes (3 ) (137 ) (639 ) (779 ) Amounts reclassified to net earnings — 272 21 293 Deferred income taxes — (105 ) (7 ) (112 ) Amounts reclassified to net earnings, net of deferred income taxes — 167 14 181 Other comprehensive (losses) earnings, net of deferred income taxes (3 ) 30 (625 ) (1) (598 ) Balances, December 31, 2015 $ (5 ) $ (2,010 ) $ (1,265 ) $ (3,280 ) (1) For the years ended December 31, 2015 , 2014 and 2013 , Altria Group, Inc.’s proportionate share of SABMiller’s other comprehensive losses consisted primarily of currency translation adjustments. |
Reclassification out of Accumulated Other Comprehensive Income | The following table sets forth pre-tax amounts by component, reclassified from accumulated other comprehensive losses to net earnings: For the Years Ended December 31, (in millions) 2015 2014 2013 Benefit Plans: (1) Net loss $ 304 $ 187 $ 346 Prior service cost/credit (32 ) (33 ) (35 ) 272 154 311 SABMiller (2) 21 59 6 Pre-tax amounts reclassified from accumulated other comprehensive losses to net earnings $ 293 $ 213 $ 317 (1) Amounts are included in net defined benefit plan costs. For further details, see Note 16 . Benefit Plans. (2) Amounts are included in earnings from equity investment in SABMiller. For further information on Altria Group, Inc.’s equity investment in SABMiller, see Note 6 . Investment in SABMiller. |
Income Taxes (Tables)
Income Taxes (Tables) | 12 Months Ended |
Dec. 31, 2015 | |
Income Tax Disclosure [Abstract] | |
Schedule of Earnings Before Income Taxes and Provision for Income Taxes | Earnings before income taxes and provision for income taxes consisted of the following for the years ended December 31, 2015 , 2014 and 2013 : (in millions) 2015 2014 2013 Earnings before income taxes: United States $ 8,078 $ 7,763 $ 6,929 Outside United States — 11 13 Total $ 8,078 $ 7,774 $ 6,942 Provision for income taxes: Current: Federal $ 2,516 $ 2,350 $ 2,066 State and local 451 480 423 Outside United States — 3 4 2,967 2,833 2,493 Deferred: Federal (140 ) (124 ) (77 ) State and local 8 (5 ) (9 ) (132 ) (129 ) (86 ) Total provision for income taxes $ 2,835 $ 2,704 $ 2,407 |
Reconciliation of Beginning and Ending Unrecognized Tax Benefits | A reconciliation of the beginning and ending amount of unrecognized tax benefits for the years ended December 31, 2015 , 2014 and 2013 was as follows: (in millions) 2015 2014 2013 Balance at beginning of year $ 258 $ 227 $ 262 Additions based on tax positions related to the current year 15 15 15 Additions for tax positions of prior years 57 29 35 Reductions for tax positions due to lapse of statutes of limitations (4 ) (2 ) (1 ) Reductions for tax positions of prior years (86 ) — — Settlements (82 ) (11 ) (84 ) Balance at end of year $ 158 $ 258 $ 227 |
Schedule of Unrecognized Tax Benefits and Consolidated Liability for Tax Contingencies | Unrecognized tax benefits and Altria Group, Inc.’s consolidated liability for tax contingencies at December 31, 2015 and 2014 , were as follows: (in millions) 2015 2014 Unrecognized tax benefits — Altria Group, Inc. $ 158 $ 228 Unrecognized tax benefits — PMI — 30 Unrecognized tax benefits 158 258 Accrued interest and penalties 14 57 Tax credits and other indirect benefits (3 ) (17 ) Liability for tax contingencies $ 169 $ 298 |
Reconciliation of Effective Tax Rate and U.S. Federal Statutory Rate | The effective income tax rate on pre-tax earnings differed from the U.S. federal statutory rate for the following reasons for the years ended December 31, 2015 , 2014 and 2013 : 2015 2014 2013 U.S. federal statutory rate 35.0 % 35.0 % 35.0 % Increase (decrease) resulting from: State and local income taxes, net of federal tax benefit 3.7 4.0 3.8 Uncertain tax positions (0.8 ) 0.5 0.7 SABMiller dividend benefit (0.5 ) (2.3 ) (2.0 ) Domestic manufacturing deduction (2.0 ) (2.4 ) (2.7 ) Other (0.3 ) — (0.1 ) Effective tax rate 35.1 % 34.8 % 34.7 % |
Schedule of Deferred Income Tax Assets and Liabilities | The tax effects of temporary differences that gave rise to deferred income tax assets and liabilities consisted of the following at December 31, 2015 and 2014 : (in millions) 2015 2014 Deferred income tax assets: Accrued postretirement and postemployment benefits $ 953 $ 1,054 Settlement charges 1,393 1,379 Accrued pension costs 512 410 Net operating losses and tax credit carryforwards 335 357 Total deferred income tax assets 3,193 3,200 Deferred income tax liabilities: Property, plant and equipment (441 ) (468 ) Intangible assets (3,968 ) (3,915 ) Investment in SABMiller (1,794 ) (2,039 ) Finance assets, net (909 ) (1,123 ) Other (116 ) (190 ) Total deferred income tax liabilities (7,228 ) (7,735 ) Valuation allowances (260 ) (211 ) Net deferred income tax liabilities $ (4,295 ) $ (4,746 ) |
Segment Reporting (Tables)
Segment Reporting (Tables) | 12 Months Ended |
Dec. 31, 2015 | |
Segment Reporting [Abstract] | |
Segment Data Schedule | Segment data were as follows: For the Years Ended December 31, (in millions) 2015 2014 2013 Net revenues: Smokeable products $ 22,792 $ 21,939 $ 21,868 Smokeless products 1,879 1,809 1,778 Wine 692 643 609 All other 71 131 211 Net revenues $ 25,434 $ 24,522 $ 24,466 Earnings before income taxes: Operating companies income (loss): Smokeable products $ 7,569 $ 6,873 $ 7,063 Smokeless products 1,108 1,061 1,023 Wine 152 134 118 All other (169 ) (185 ) 157 Amortization of intangibles (21 ) (20 ) (20 ) General corporate expenses (237 ) (241 ) (235 ) Changes to Mondelēz and PMI tax-related receivables/payables (41 ) (2 ) (22 ) Operating income 8,361 7,620 8,084 Interest and other debt expense, net (817 ) (808 ) (1,049 ) Loss on early extinguishment of debt (228 ) (44 ) (1,084 ) Earnings from equity investment in SABMiller 757 1,006 991 Other income, net 5 — — Earnings before income taxes $ 8,078 $ 7,774 $ 6,942 |
Schedule of Depreciation Expense and Capital Expenditures of Segments | Details of Altria Group, Inc.’s depreciation expense and capital expenditures were as follows: For the Years Ended December 31, (in millions) 2015 2014 2013 Depreciation expense: Smokeable products $ 117 $ 112 $ 113 Smokeless products 27 22 25 Wine 32 30 30 General corporate and other 28 24 24 Total depreciation expense $ 204 $ 188 $ 192 Capital expenditures: Smokeable products $ 56 $ 49 $ 39 Smokeless products 113 40 32 Wine 42 46 42 General corporate and other 18 28 18 Total capital expenditures $ 229 $ 163 $ 131 |
Schedule of NPM Adjustment Items | For the years ended December 31, 2015 , 2014 and 2013, pre-tax income for NPM adjustment items was recorded in Altria Group, Inc.’s consolidated statements of earnings as follows: (in millions) 2015 2014 2013 Smokeable products segment $ 97 $ 43 $ 664 Interest and other debt expense, net (13 ) 47 — Total $ 84 $ 90 $ 664 |
Schedule of Pre-tax Tobacco and Health Litigation Charges | For the years ended December 31, 2015 , 2014 and 2013 , pre-tax charges related to certain tobacco and health litigation items were recorded in Altria Group, Inc.’s consolidated statements of earnings as follows: (in millions) 2015 2014 2013 Smokeable products segment $ 127 $ 27 $ 18 General corporate — 15 — Interest and other debt expense, net 23 2 4 Total $ 150 $ 44 $ 22 |
Benefit Plans (Tables)
Benefit Plans (Tables) | 12 Months Ended |
Dec. 31, 2015 | |
Compensation and Retirement Disclosure [Abstract] | |
Projected Benefit Obligations, Plan Assets and Funded Status of Pension Plans | The benefit obligations, plan assets and funded status of Altria Group, Inc.’s pension and postretirement plans at December 31, 2015 and 2014 were as follows: Pension Postretirement (in millions) 2015 2014 2015 2014 Change in benefit obligation: Benefit obligation at beginning of year $ 8,330 $ 7,137 $ 2,613 $ 2,317 Service cost 86 68 18 15 Interest cost 337 345 100 107 Benefits paid (431 ) (410 ) (141 ) (132 ) Actuarial losses (gains) (317 ) 1,190 (192 ) 306 Other 6 — (6 ) — Benefit obligation at end of year 8,011 8,330 2,392 2,613 Change in plan assets: Fair value of plan assets at beginning of year 7,297 7,077 — — Actual return on plan assets (188 ) 615 — — Employer contributions 28 15 — — Benefits paid (431 ) (410 ) — — Fair value of plan assets at end of year 6,706 7,297 — — Funded status at December 31 $ (1,305 ) $ (1,033 ) $ (2,392 ) $ (2,613 ) Amounts recognized in Altria Group, Inc.’s consolidated balance sheets were as follows: Other accrued liabilities $ (28 ) $ (21 ) $ (147 ) $ (152 ) Accrued pension costs (1,277 ) (1,012 ) — — Accrued postretirement health care costs — — (2,245 ) (2,461 ) $ (1,305 ) $ (1,033 ) $ (2,392 ) $ (2,613 ) |
Net Pension Liability Recognized in Consolidated Balance Sheets | The benefit obligations, plan assets and funded status of Altria Group, Inc.’s pension and postretirement plans at December 31, 2015 and 2014 were as follows: Pension Postretirement (in millions) 2015 2014 2015 2014 Change in benefit obligation: Benefit obligation at beginning of year $ 8,330 $ 7,137 $ 2,613 $ 2,317 Service cost 86 68 18 15 Interest cost 337 345 100 107 Benefits paid (431 ) (410 ) (141 ) (132 ) Actuarial losses (gains) (317 ) 1,190 (192 ) 306 Other 6 — (6 ) — Benefit obligation at end of year 8,011 8,330 2,392 2,613 Change in plan assets: Fair value of plan assets at beginning of year 7,297 7,077 — — Actual return on plan assets (188 ) 615 — — Employer contributions 28 15 — — Benefits paid (431 ) (410 ) — — Fair value of plan assets at end of year 6,706 7,297 — — Funded status at December 31 $ (1,305 ) $ (1,033 ) $ (2,392 ) $ (2,613 ) Amounts recognized in Altria Group, Inc.’s consolidated balance sheets were as follows: Other accrued liabilities $ (28 ) $ (21 ) $ (147 ) $ (152 ) Accrued pension costs (1,277 ) (1,012 ) — — Accrued postretirement health care costs — — (2,245 ) (2,461 ) $ (1,305 ) $ (1,033 ) $ (2,392 ) $ (2,613 ) |
Weighted-Average Assumptions used to Determine Benefit Obligations | The following assumptions were used to determine Altria Group, Inc.’s pension benefit obligations at December 31: 2015 2014 Discount rate 4.4 % 4.1 % Rate of compensation increase 4.0 4.0 The following assumptions were used to determine Altria Group, Inc.’s postretirement benefit obligations at December 31: 2015 2014 Discount rate 4.4 % 4.0 % Health care cost trend rate assumed for next year 6.5 7.0 Ultimate trend rate 5.0 5.0 Year that the rate reaches the ultimate trend rate 2019 2019 |
Schedule of Net Benefit Costs | Net periodic benefit cost consisted of the following for the years ended December 31, 2015 , 2014 and 2013 : Pension Postretirement (in millions) 2015 2014 2013 2015 2014 2013 Service cost $ 86 $ 68 $ 86 $ 18 $ 15 $ 18 Interest cost 337 345 314 100 107 99 Expected return on plan assets (539 ) (518 ) (493 ) — — — Amortization: Net loss 234 147 271 43 22 51 Prior service cost (credit) 7 10 10 (39 ) (43 ) (45 ) Termination and settlement 8 — 7 — — — Net periodic benefit cost $ 133 $ 52 $ 195 $ 122 $ 101 $ 123 |
Schedule Of Termination Settlement And Curtailment Cost | The amounts included in termination and settlement in the table above were comprised of the following changes: (in millions) 2015 2013 Benefit obligation $ — $ 1 Other comprehensive earnings/losses: Net loss 8 6 $ 8 $ 7 |
Amounts Recorded in Accumulated Other Comprehensive Losses | The estimated net loss and prior service cost (credit) that are expected to be amortized from accumulated other comprehensive losses into net periodic benefit cost during 2016 is as follows: (in millions) Pension Postretirement Net loss $ 183 $ 30 Prior service cost (credit) 5 (40 ) The amounts recorded in accumulated other comprehensive losses at December 31, 2015 consisted of the following: (in millions) Pension Post- retirement Post- employment Total Net loss $ (2,805 ) $ (588 ) $ (108 ) $ (3,501 ) Prior service (cost) credit (22 ) 231 — 209 Deferred income taxes 1,101 141 40 1,282 Amounts recorded in accumulated other comprehensive losses $ (1,726 ) $ (216 ) $ (68 ) $ (2,010 ) The amounts recorded in accumulated other comprehensive losses at December 31, 2014 consisted of the following: (in millions) Pension Post- retirement Post- employment Total Net loss $ (2,637 ) $ (823 ) $ (122 ) $ (3,582 ) Prior service (cost) credit (23 ) 264 — 241 Deferred income taxes 1,037 218 46 1,301 Amounts recorded in accumulated other comprehensive losses $ (1,623 ) $ (341 ) $ (76 ) $ (2,040 ) |
Schedule Of Weighted Average Assumptions To Determine Net Periodic Benefit Cost | The following assumptions were used to determine Altria Group, Inc.’s net periodic benefit cost for the years ended December 31: Pension Postretirement 2015 2014 2013 2015 2014 2013 Discount rate 4.1 % 4.9 % 4.0 % 4.0 % 4.8 % 3.9 % Expected rate of return on plan assets 8.0 8.0 8.0 — — — Rate of compensation increase 4.0 4.0 4.0 — — — Health care cost trend rate — — — 7.0 7.0 7.5 |
Effects of One-Percentage-Point Change in Assumed Health Care Cost Trend Rates | A one-percentage-point change in assumed health care cost trend rates would have had the following effects as of December 31, 2015 : One-Percentage-Point Increase One-Percentage-Point Decrease Effect on total of postretirement service and interest cost 6.8 % (5.8 )% Effect on postretirement benefit obligation 7.5 % (6.1 )% |
Schedule of Allocation of Plan Assets | The fair values of Altria Group, Inc.’s pension plan assets by asset category at December 31, 2015 and 2014 were as follows: 2015 2014 (in millions) Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Common/collective trusts: U.S. large cap $ — $ 1,762 $ — $ 1,762 $ — $ 1,870 $ — $ 1,870 U.S. small cap — 360 — 360 — 442 — 442 International developed markets — 78 — 78 — 79 — 79 U.S. and foreign government securities or their agencies: U.S. government and agencies — 331 — 331 — 296 — 296 U.S. municipal bonds — 102 — 102 — 124 — 124 Foreign government and agencies — 252 — 252 — 281 — 281 Corporate debt instruments: Above investment grade — 1,660 — 1,660 — 1,765 — 1,765 Below investment grade and no rating — 502 — 502 — 527 — 527 Common stock: International equities 907 — 2 909 1,000 — 1 1,001 U.S. equities 605 — — 605 556 — — 556 Registered investment companies 58 — — 58 63 113 — 176 Other, net 16 58 13 87 74 91 15 180 Total investments at fair value, net $ 1,586 $ 5,105 $ 15 $ 6,706 $ 1,693 $ 5,588 $ 16 $ 7,297 |
Estimated Future Benefit Payments | Estimated future benefit payments at December 31, 2015 were as follows: (in millions) Pension Postretirement 2016 $ 436 $ 147 2017 440 149 2018 442 149 2019 437 148 2020 446 144 2021-2025 2,348 686 |
Movements in Other Comprehensive Earnings/Losses | The movements in other comprehensive earnings/losses during the year ended December 31, 2015 were as follows: (in millions) Pension Post- retirement Post- employment Total Amounts reclassified to net earnings as components of net periodic benefit cost: Amortization: Net loss $ 234 $ 43 $ 19 $ 296 Prior service cost/credit 7 (39 ) — (32 ) Other expense: Net loss 8 — — 8 Deferred income taxes (96 ) (2 ) (7 ) (105 ) 153 2 12 167 Other movements during the year: Net loss (410 ) 192 (5 ) (223 ) Prior service cost/credit (6 ) 6 — — Deferred income taxes 160 (75 ) 1 86 (256 ) 123 (4 ) (137 ) Total movements in other comprehensive earnings/losses $ (103 ) $ 125 $ 8 $ 30 The movements in other comprehensive earnings/losses during the year ended December 31, 2014 were as follows: (in millions) Pension Post- retirement Post- employment Total Amounts reclassified to net earnings as components of net periodic benefit cost: Amortization: Net loss $ 147 $ 22 $ 18 $ 187 Prior service cost/credit 10 (43 ) — (33 ) Deferred income taxes (61 ) 8 (7 ) (60 ) 96 (13 ) 11 94 Other movements during the year: Net loss (1,093 ) (306 ) (12 ) (1,411 ) Deferred income taxes 425 120 5 550 (668 ) (186 ) (7 ) (861 ) Total movements in other comprehensive earnings/losses $ (572 ) $ (199 ) $ 4 $ (767 ) The movements in other comprehensive earnings/losses during the year ended December 31, 2013 were as follows: (in millions) Pension Post- retirement Post- employment Total Amounts reclassified to net earnings as components of net periodic benefit cost: Amortization: Net loss $ 271 $ 51 $ 18 $ 340 Prior service cost/credit 10 (45 ) — (35 ) Other expense: Net loss 6 — — 6 Deferred income taxes (111 ) (2 ) (7 ) (120 ) 176 4 11 191 Other movements during the year: Net loss 1,218 327 23 1,568 Prior service cost/credit (7 ) (2 ) — (9 ) Deferred income taxes (470 ) (129 ) (10 ) (609 ) 741 196 13 950 Total movements in other comprehensive earnings/losses $ 917 $ 200 $ 24 $ 1,141 |
Additional Information (Tables)
Additional Information (Tables) | 12 Months Ended |
Dec. 31, 2015 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Schedule of Other Nonoperating Income (Expense) | For the Years Ended December 31, (in millions) 2015 2014 2013 Research and development expense $ 186 $ 167 $ 153 Advertising expense $ 25 $ 30 $ 7 Interest and other debt expense, net: Interest expense $ 808 $ 857 $ 1,053 Interest income (4 ) (2 ) (4 ) Interest related to NPM Adjustment Items 13 (47 ) — $ 817 $ 808 $ 1,049 Rent expense $ 48 $ 52 $ 49 |
Schedule of Rental Commitments and Sublease Income Under Non-Cancelable Operating Leases | Minimum rental commitments and sublease income under non-cancelable operating leases in effect at December 31, 2015 were as follows: (in millions) Rental Commitments Sublease Income 2016 $ 58 $ 6 2017 52 5 2018 45 5 2019 32 5 2020 28 5 Thereafter 94 23 $ 309 $ 49 |
Schedule of Valuation and Qualifying Accounts | The activity in the allowance for discounts and allowance for returned goods for the years ended December 31, 2015, 2014 and 2013 was as follows: (in millions) 2015 2014 2013 Discounts Returned Goods Discounts Returned Goods Discounts Returned Goods Balance at beginning of year $ — $ 46 $ — $ 41 $ — $ 42 Charged to costs and expenses 618 217 599 179 610 150 Deductions (1) (618 ) (195 ) (599 ) (174 ) (610 ) (151 ) Balance at end of year $ — $ 68 $ — $ 46 $ — $ 41 (1) Represents the recording of discounts and returns for which allowances were created. |
Contingencies (Tables)
Contingencies (Tables) | 12 Months Ended |
Dec. 31, 2015 | |
Commitments and Contingencies Disclosure [Abstract] | |
Schedule of Loss Contingencies By Contingency | The table below lists the number of certain tobacco-related cases pending in the United States against PM USA and, in some instances, Altria Group, Inc. as of December 31, 2015, 2014 and 2013: 2015 2014 2013 Individual Smoking and Health Cases (1) 65 67 67 Smoking and Health Class Actions and Aggregated Claims Litigation (2) 5 5 6 Health Care Cost Recovery Actions (3) 1 1 1 “Lights/Ultra Lights” Class Actions 11 12 15 The changes in Altria Group, Inc.’s accrued liability for tobacco and health litigation items, including related interest costs, for the years ended December 31, 2015, 2014 and 2013 were as follows: (in millions) 2015 2014 2013 Accrued liability for tobacco and health litigation items at beginning of year $ 39 $ 3 $ — Pre-tax charges for: Tobacco and health judgments 84 11 18 Related interest costs 23 2 4 Agreement to resolve federal Engle progeny cases 43 — — Implementation of corrective communications remedy pursuant to the federal government’s lawsuit — 31 — Payments (57 ) (8 ) (19 ) Accrued liability for tobacco and health litigation items at end of year $ 132 $ 39 $ 3 |
Condensed Consolidating Finan44
Condensed Consolidating Financial Information (Tables) | 12 Months Ended |
Dec. 31, 2015 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Condensed Balance Sheet | Condensed Consolidating Balance Sheets (in millions of dollars) ____________________________ at December 31, 2015 Altria Group, Inc. PM USA Non- Guarantor Subsidiaries Total Consolidating Adjustments Consolidated Assets Cash and cash equivalents $ 2,313 $ — $ 56 $ — $ 2,369 Receivables — 7 117 — 124 Inventories: Leaf tobacco — 562 395 — 957 Other raw materials — 123 58 — 181 Work in process — 5 439 — 444 Finished product — 121 328 — 449 — 811 1,220 — 2,031 Due from Altria Group, Inc. and subsidiaries — 3,821 1,807 (5,628 ) — Deferred income taxes — 1,268 7 (100 ) 1,175 Other current assets 284 65 112 (74 ) 387 Total current assets 2,597 5,972 3,319 (5,802 ) 6,086 Property, plant and equipment, at cost — 3,102 1,775 — 4,877 Less accumulated depreciation — 2,157 738 — 2,895 — 945 1,037 — 1,982 Goodwill — — 5,285 — 5,285 Other intangible assets, net — 2 12,026 — 12,028 Investment in SABMiller 5,483 — — — 5,483 Investment in consolidated subsidiaries 11,648 2,715 — (14,363 ) — Finance assets, net — — 1,239 — 1,239 Due from Altria Group, Inc. and subsidiaries 4,790 — — (4,790 ) — Other assets 92 536 131 (327 ) 432 Total Assets $ 24,610 $ 10,170 $ 23,037 $ (25,282 ) $ 32,535 Condensed Consolidating Balance Sheets (Continued) (in millions of dollars) ____________________________ at December 31, 2015 Altria Group, Inc. PM USA Non- Guarantor Subsidiaries Total Consolidating Adjustments Consolidated Liabilities Current portion of long-term debt $ — $ — $ 4 $ — $ 4 Accounts payable 3 104 293 — 400 Accrued liabilities: Marketing — 586 109 — 695 Employment costs 18 11 169 — 198 Settlement charges — 3,585 5 — 3,590 Other 354 616 285 (174 ) 1,081 Dividends payable 1,110 — — — 1,110 Due to Altria Group, Inc. and subsidiaries 5,427 191 10 (5,628 ) — Total current liabilities 6,912 5,093 875 (5,802 ) 7,078 Long-term debt 12,903 — 12 — 12,915 Deferred income taxes 1,547 — 4,443 (327 ) 5,663 Accrued pension costs 215 — 1,062 — 1,277 Accrued postretirement health care costs — 1,460 785 — 2,245 Due to Altria Group, Inc. and subsidiaries — — 4,790 (4,790 ) — Other liabilities 153 126 168 — 447 Total Liabilities 21,730 6,679 12,135 (10,919 ) 29,625 Contingencies Redeemable noncontrolling interest — — 37 — 37 Stockholders’ Equity Common stock 935 — 9 (9 ) 935 Additional paid-in capital 5,813 3,310 11,456 (14,766 ) 5,813 Earnings reinvested in the business 27,257 436 1,099 (1,535 ) 27,257 Accumulated other comprehensive losses (3,280 ) (255 ) (1,692 ) 1,947 (3,280 ) Cost of repurchased stock (27,845 ) — — — (27,845 ) Total stockholders’ equity attributable to Altria Group, Inc. 2,880 3,491 10,872 (14,363 ) 2,880 Noncontrolling interests — — (7 ) — (7 ) Total stockholders’ equity 2,880 3,491 10,865 (14,363 ) 2,873 Total Liabilities and Stockholders’ Equity $ 24,610 $ 10,170 $ 23,037 $ (25,282 ) $ 32,535 Condensed Consolidating Balance Sheets (in millions of dollars) ____________________________ at December 31, 2014 Altria Group, Inc. PM USA Non- Guarantor Subsidiaries Total Consolidating Adjustments Consolidated Assets Cash and cash equivalents $ 3,281 $ 3 $ 37 $ — $ 3,321 Receivables — 6 118 — 124 Inventories: Leaf tobacco — 616 375 — 991 Other raw materials — 132 68 — 200 Work in process — 4 425 — 429 Finished product — 134 286 — 420 — 886 1,154 — 2,040 Due from Altria Group, Inc. and subsidiaries 568 3,535 1,279 (5,382 ) — Deferred income taxes — 1,190 9 (56 ) 1,143 Other current assets 54 101 122 (27 ) 250 Total current assets 3,903 5,721 2,719 (5,465 ) 6,878 Property, plant and equipment, at cost — 3,112 1,643 — 4,755 Less accumulated depreciation — 2,091 681 — 2,772 — 1,021 962 — 1,983 Goodwill — — 5,285 — 5,285 Other intangible assets, net — 2 12,047 — 12,049 Investment in SABMiller 6,183 — — — 6,183 Investment in consolidated subsidiaries 10,665 2,775 — (13,440 ) — Finance assets, net — — 1,614 — 1,614 Due from Altria Group, Inc. and subsidiaries 4,790 — — (4,790 ) — Other assets 148 541 121 (327 ) 483 Total Assets $ 25,689 $ 10,060 $ 22,748 $ (24,022 ) $ 34,475 Condensed Consolidating Balance Sheets (Continued) (in millions of dollars) ____________________________ at December 31, 2014 Altria Group, Inc. PM USA Non- Guarantor Subsidiaries Total Consolidating Adjustments Consolidated Liabilities Current portion of long-term debt $ 1,000 $ — $ — $ — $ 1,000 Accounts payable 18 118 280 — 416 Accrued liabilities: Marketing — 505 113 — 618 Employment costs 18 10 158 — 186 Settlement charges — 3,495 5 — 3,500 Other 321 400 287 (83 ) 925 Dividends payable 1,028 — — — 1,028 Due to Altria Group, Inc. and subsidiaries 4,414 402 566 (5,382 ) — Total current liabilities 6,799 4,930 1,409 (5,465 ) 7,673 Long-term debt 13,693 — — — 13,693 Deferred income taxes 1,754 — 4,661 (327 ) 6,088 Accrued pension costs 233 — 779 — 1,012 Accrued postretirement health care costs — 1,608 853 — 2,461 Due to Altria Group, Inc. and subsidiaries — — 4,790 (4,790 ) — Other liabilities 196 151 156 — 503 Total Liabilities 22,675 6,689 12,648 (10,582 ) 31,430 Contingencies Redeemable noncontrolling interest — — 35 — 35 Stockholders’ Equity Common stock 935 — 9 (9 ) 935 Additional paid-in capital 5,735 3,310 10,688 (13,998 ) 5,735 Earnings reinvested in the business 26,277 402 995 (1,397 ) 26,277 Accumulated other comprehensive losses (2,682 ) (341 ) (1,623 ) 1,964 (2,682 ) Cost of repurchased stock (27,251 ) — — — (27,251 ) Total stockholders’ equity attributable to Altria Group, Inc. 3,014 3,371 10,069 (13,440 ) 3,014 Noncontrolling interests — — (4 ) — (4 ) Total stockholders’ equity 3,014 3,371 10,065 (13,440 ) 3,010 Total Liabilities and Stockholders’ Equity $ 25,689 $ 10,060 $ 22,748 $ (24,022 ) $ 34,475 |
Condensed Income Statement | Condensed Consolidating Statements of Earnings and Comprehensive Earnings (in millions of dollars) _____________________________ for the year ended December 31, 2015 Altria Group, Inc. PM USA Non- Guarantor Subsidiaries Total Consolidating Adjustments Consolidated Net revenues $ — $ 22,133 $ 3,342 $ (41 ) $ 25,434 Cost of sales — 6,664 1,117 (41 ) 7,740 Excise taxes on products — 6,369 211 — 6,580 Gross profit — 9,100 2,014 — 11,114 Marketing, administration and research costs 189 2,094 425 — 2,708 Changes to Mondelēz & PMI tax-related receivables/payables 41 — — — 41 Asset impairment and exit costs — — 4 — 4 Operating (expense) income (230 ) 7,006 1,585 — 8,361 Interest and other debt expense, net 560 33 224 — 817 Loss on early extinguishment of debt 228 — — — 228 Earnings from equity investment in SABMiller (757 ) — — — (757 ) Other income, net (5 ) — — — (5 ) (Loss) Earnings before income taxes and equity earnings of subsidiaries (256 ) 6,973 1,361 — 8,078 (Benefit) provision for income taxes (184 ) 2,536 483 — 2,835 Equity earnings of subsidiaries 5,313 268 — (5,581 ) — Net earnings 5,241 4,705 878 (5,581 ) 5,243 Net earnings attributable to noncontrolling interests — — (2 ) — (2 ) Net earnings attributable to Altria Group, Inc. $ 5,241 $ 4,705 $ 876 $ (5,581 ) $ 5,241 Net earnings $ 5,241 $ 4,705 $ 878 $ (5,581 ) $ 5,243 Other comprehensive (losses) earnings, net of deferred income taxes (598 ) 86 (69 ) (17 ) (598 ) Comprehensive earnings 4,643 4,791 809 (5,598 ) 4,645 Comprehensive earnings attributable to noncontrolling interests — — (2 ) — (2 ) Comprehensive earnings attributable to Altria Group, Inc. $ 4,643 $ 4,791 $ 807 $ (5,598 ) $ 4,643 Condensed Consolidating Statements of Earnings and Comprehensive Earnings (in millions of dollars) _____________________________ for the year ended December 31, 2014 Altria Group, Inc. PM USA Non- Guarantor Subsidiaries Total Consolidating Adjustments Consolidated Net revenues $ — $ 21,298 $ 3,267 $ (43 ) $ 24,522 Cost of sales — 6,722 1,106 (43 ) 7,785 Excise taxes on products — 6,358 219 — 6,577 Gross profit — 8,218 1,942 — 10,160 Marketing, administration and research costs 231 1,889 419 — 2,539 Changes to Mondelēz and PMI tax-related receivables/payables 2 — — — 2 Asset impairment and exit costs — (6 ) 5 — (1 ) Operating (expense) income (233 ) 6,335 1,518 — 7,620 Interest and other debt expense (income), net 614 (46 ) 240 — 808 Loss on early extinguishment of debt — — 44 — 44 Earnings from equity investment in SABMiller (1,006 ) — — — (1,006 ) Earnings before income taxes and equity earnings of subsidiaries 159 6,381 1,234 — 7,774 (Benefit) provision for income taxes (119 ) 2,381 442 — 2,704 Equity earnings of subsidiaries 4,792 244 — (5,036 ) — Net earnings 5,070 4,244 792 (5,036 ) 5,070 Net earnings attributable to noncontrolling interests — — — — — Net earnings attributable to Altria Group, Inc. $ 5,070 $ 4,244 $ 792 $ (5,036 ) $ 5,070 Net earnings $ 5,070 $ 4,244 $ 792 $ (5,036 ) $ 5,070 Other comprehensive losses, net of deferred income taxes (1,304 ) (110 ) (642 ) 752 (1,304 ) Comprehensive earnings 3,766 4,134 150 (4,284 ) 3,766 Comprehensive earnings attributable to noncontrolling interests — — — — — Comprehensive earnings attributable to Altria Group, Inc. $ 3,766 $ 4,134 $ 150 $ (4,284 ) $ 3,766 Condensed Consolidating Statements of Earnings and Comprehensive Earnings (in millions of dollars) _____________________________ for the year ended December 31, 2013 Altria Group, Inc. PM USA Non- Guarantor Subsidiaries Total Consolidating Adjustments Consolidated Net revenues $ — $ 21,231 $ 3,269 $ (34 ) $ 24,466 Cost of sales — 6,281 959 (34 ) 7,206 Excise taxes on products — 6,553 250 — 6,803 Gross profit — 8,397 2,060 — 10,457 Marketing, administration and research costs 223 1,837 280 — 2,340 Changes to Mondelēz and PMI tax-related receivables/payables 25 (3 ) — — 22 Asset impairment and exit costs — 3 8 — 11 Operating (expense) income (248 ) 6,560 1,772 — 8,084 Interest and other debt expense, net 643 2 404 — 1,049 Loss on early extinguishment of debt 1,084 — — — 1,084 Earnings from equity investment in SABMiller (991 ) — — — (991 ) (Loss) earnings before income taxes and equity earnings of subsidiaries (984 ) 6,558 1,368 — 6,942 (Benefit) provision for income taxes (488 ) 2,406 489 — 2,407 Equity earnings of subsidiaries 5,031 216 — (5,247 ) — Net earnings 4,535 4,368 879 (5,247 ) 4,535 Net earnings attributable to noncontrolling interests — — — — — Net earnings attributable to Altria Group, Inc. $ 4,535 $ 4,368 $ 879 $ (5,247 ) $ 4,535 Net earnings $ 4,535 $ 4,368 $ 879 $ (5,247 ) $ 4,535 Other comprehensive earnings, net of deferred income taxes 662 198 910 (1,108 ) 662 Comprehensive earnings 5,197 4,566 1,789 (6,355 ) 5,197 Comprehensive earnings attributable to noncontrolling interests — — — — — Comprehensive earnings attributable to Altria Group, Inc. $ 5,197 $ 4,566 $ 1,789 $ (6,355 ) $ 5,197 |
Condensed Cash Flow Statement | Condensed Consolidating Statements of Cash Flows (in millions of dollars) _____________________________ for the year ended December 31, 2015 Altria Group, Inc. PM USA Non- Guarantor Subsidiaries Total Consolidating Adjustments Consolidated Cash Provided by Operating Activities Net cash provided by operating activities $ 5,085 $ 5,204 $ 961 $ (5,440 ) $ 5,810 Cash Provided by (Used in) Investing Activities Capital expenditures — (51 ) (178 ) — (229 ) Proceeds from finance assets — — 354 — 354 Payment for derivative financial instrument (132 ) — — — (132 ) Other — 10 (18 ) — (8 ) Net cash (used in) provided by investing activities (132 ) (41 ) 158 — (15 ) Cash Provided by (Used in) Financing Activities Long-term debt repaid (1,793 ) — — — (1,793 ) Repurchases of common stock (554 ) — — — (554 ) Dividends paid on common stock (4,179 ) — — — (4,179 ) Changes in amounts due to/from Altria Group, Inc. and subsidiaries 814 (495 ) (319 ) — — Premiums and fees related to early extinguishment of debt (226 ) — — — (226 ) Cash dividends paid to parent — (4,671 ) (769 ) 5,440 — Other 17 — (12 ) — 5 Net cash used in financing activities (5,921 ) (5,166 ) (1,100 ) 5,440 (6,747 ) Cash and cash equivalents: (Decrease) increase (968 ) (3 ) 19 — (952 ) Balance at beginning of year 3,281 3 37 — 3,321 Balance at end of year $ 2,313 $ — $ 56 $ — $ 2,369 Condensed Consolidating Statements of Cash Flows (in millions of dollars) _____________________________ for the year ended December 31, 2014 Altria Group, Inc. PM USA Non- Guarantor Subsidiaries Total Consolidating Adjustments Consolidated Cash Provided by Operating Activities Net cash provided by operating activities $ 4,924 $ 4,451 $ 707 $ (5,419 ) $ 4,663 Cash Provided by (Used in) Investing Activities Capital expenditures — (44 ) (119 ) — (163 ) Acquisition of Green Smoke, net of acquired cash — — (102 ) — (102 ) Proceeds from finance assets — — 369 — 369 Other — 70 3 — 73 Net cash provided by investing activities — 26 151 — 177 Cash Provided by (Used in) Financing Activities Long-term debt issued 999 — — — 999 Long-term debt repaid (525 ) — (300 ) — (825 ) Repurchases of common stock (939 ) — — — (939 ) Dividends paid on common stock (3,892 ) — — — (3,892 ) Changes in amounts due to/from Altria Group, Inc. and subsidiaries (411 ) (351 ) 762 — — Premiums and fees related to early extinguishment of debt — — (44 ) — (44 ) Cash dividends paid to parent — (4,124 ) (1,295 ) 5,419 — Other 11 — (4 ) — 7 Net cash used in financing activities (4,757 ) (4,475 ) (881 ) 5,419 (4,694 ) Cash and cash equivalents: Increase (decrease) 167 2 (23 ) — 146 Balance at beginning of year 3,114 1 60 — 3,175 Balance at end of year $ 3,281 $ 3 $ 37 $ — $ 3,321 Condensed Consolidating Statements of Cash Flows (in millions of dollars) _____________________________ for the year ended December 31, 2013 Altria Group, Inc. PM USA Non- Guarantor Subsidiaries Total Consolidating Adjustments Consolidated Cash Provided by Operating Activities Net cash provided by operating activities $ 4,520 $ 4,192 $ 387 $ (4,724 ) $ 4,375 Cash Provided by (Used in) Investing Activities Capital expenditures — (31 ) (100 ) — (131 ) Proceeds from finance assets — — 716 — 716 Other — — 17 — 17 Net cash (used in) provided by investing activities — (31 ) 633 — 602 Cash Provided by (Used in) Financing Activities Long-term debt issued 4,179 — — — 4,179 Long-term debt repaid (3,559 ) — — — (3,559 ) Repurchases of common stock (634 ) — — — (634 ) Dividends paid on common stock (3,612 ) — — — (3,612 ) Changes in amounts due to/from Altria Group, Inc. and subsidiaries 432 240 (672 ) — — Premiums and fees related to early extinguishment of debt (1,054 ) — — — (1,054 ) Cash dividends paid to parent — (4,400 ) (324 ) 4,724 — Other (20 ) — (2 ) — (22 ) Net cash used in financing activities (4,268 ) (4,160 ) (998 ) 4,724 (4,702 ) Cash and cash equivalents: Increase 252 1 22 — 275 Balance at beginning of year 2,862 — 38 — 2,900 Balance at end of year $ 3,114 $ 1 $ 60 $ — $ 3,175 |
Quarterly Financial Data (Una45
Quarterly Financial Data (Unaudited) (Tables) | 12 Months Ended |
Dec. 31, 2015 | |
Quarterly Financial Data [Abstract] | |
Schedule of Quarterly Financial Data | 2015 Quarters (in millions, except per share data) 1st 2nd 3rd 4th Net revenues $ 5,804 $ 6,613 $ 6,699 $ 6,318 Gross profit $ 2,475 $ 2,871 $ 3,046 $ 2,722 Net earnings $ 1,018 $ 1,449 $ 1,528 $ 1,248 Net earnings attributable to Altria Group, Inc. $ 1,018 $ 1,448 $ 1,528 $ 1,247 Per share data: Basic and diluted EPS attributable to Altria Group, Inc. $ 0.52 $ 0.74 $ 0.78 $ 0.64 2014 Quarters (in millions, except per share data) 1st 2nd 3rd 4th Net revenues $ 5,517 $ 6,256 $ 6,491 $ 6,258 Gross profit $ 2,256 $ 2,603 $ 2,674 $ 2,627 Net earnings $ 1,175 $ 1,262 $ 1,397 $ 1,236 Net earnings attributable to Altria Group, Inc. $ 1,175 $ 1,262 $ 1,397 $ 1,236 Per share data: Basic and diluted EPS attributable to Altria Group, Inc. $ 0.59 $ 0.64 $ 0.71 $ 0.63 |
Schedule Of Pre-Tax Charges (Gains) Included In Net Earnings | During 2015 and 2014 , the following pre-tax charges or (gains) were included in net earnings attributable to Altria Group, Inc.: 2015 Quarters (in millions) 1st 2nd 3rd 4th NPM Adjustment Items $ — $ — $ (126 ) $ 42 Tobacco and health litigation items, including accrued interest 43 5 67 35 Asset impairment, exit and integration costs — 7 1 3 Loss on early extinguishment of debt 228 — — — Other income, net — — — (5 ) SABMiller special items 86 2 8 30 $ 357 $ 14 $ (50 ) $ 105 2014 Quarters (in millions) 1st 2nd 3rd 4th NPM Adjustment Items $ (64 ) $ (26 ) $ — $ — Tobacco and health litigation items, including accrued interest 4 31 4 5 Asset impairment, exit, integration and acquisition-related costs 2 (1 ) 15 5 Loss on early extinguishment of debt — — — 44 SABMiller special items 9 23 (42 ) 35 $ (49 ) $ 27 $ (23 ) $ 89 |
Background and Basis of Prese46
Background and Basis of Presentation (Equity Method Investment) (Narrative) (Details) | Nov. 11, 2015 |
SABMiller Plc [Member] | |
Schedule of Equity Method Investments [Line Items] | |
Equity method investment, ownership percentage (approximately) | 27.00% |
Summary of Significant Accoun47
Summary of Significant Accounting Policies (Details) - USD ($) $ in Millions | 12 Months Ended | |
Dec. 31, 2015 | Dec. 31, 2014 | |
Property, Plant and Equipment [Line Items] | ||
Number of days past due to reach non accrual status | 90 days | |
Debt issuance costs included in other assets | $ 432 | $ 483 |
Current deferred income taxes assets | 1,175 | 1,143 |
Noncurrent deferred income tax liabilities | 5,663 | 6,088 |
Accounting Standards Update 2015-03 [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Debt issuance costs included in other assets | 72 | $ 83 |
Accounting Standards Update 2015-17 [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Current deferred income taxes assets | 1,200 | |
Noncurrent deferred income tax liabilities | 1,000 | |
Noncurrent deferred income tax assets | $ 200 | |
Maximum [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Definite-lived intangible assets useful life maximum, years | 25 years | |
Maximum [Member] | Machinery and Equipment [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Useful life of property, plant and equipment | 25 years | |
Maximum [Member] | Building and Building Improvements [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Useful life of property, plant and equipment | 50 years |
Acquisition of Green Smoke Nar
Acquisition of Green Smoke Narrative (Details) - Business Acquisition, Green Smoke [Member] - USD ($) $ in Millions | 1 Months Ended | 12 Months Ended | |
Apr. 30, 2014 | Dec. 31, 2015 | Dec. 31, 2014 | |
Business Acquisition [Line Items] | |||
Total purchase price | $ 130 | ||
Pre-tax integration and acquisition-related costs | $ 7 | $ 28 |
Goodwill and Other Intangible49
Goodwill and Other Intangible Assets, net (Schedule of Goodwill and Intangible Assets by Segment) (Details) - USD ($) $ in Millions | Dec. 31, 2015 | Dec. 31, 2014 |
Goodwill [Line Items] | ||
Goodwill | $ 5,285 | $ 5,285 |
Other Intangible Assets, net | 12,028 | 12,049 |
Operating Segments [Member] | ||
Goodwill [Line Items] | ||
Goodwill | 5,285 | 5,285 |
Other Intangible Assets, net | 12,028 | 12,049 |
Operating Segments [Member] | Smokeable Products [Member] | ||
Goodwill [Line Items] | ||
Goodwill | 77 | 77 |
Other Intangible Assets, net | 2,919 | 2,937 |
Operating Segments [Member] | Smokeless Products [Member] | ||
Goodwill [Line Items] | ||
Goodwill | 5,023 | 5,023 |
Other Intangible Assets, net | 8,831 | 8,833 |
Operating Segments [Member] | Wine [Member] | ||
Goodwill [Line Items] | ||
Goodwill | 74 | 74 |
Other Intangible Assets, net | 267 | 268 |
Operating Segments [Member] | All Other [Member] | ||
Goodwill [Line Items] | ||
Goodwill | 111 | 111 |
Other Intangible Assets, net | $ 11 | $ 11 |
Goodwill and Other Intangible50
Goodwill and Other Intangible Assets, net (Other Intangible Assets Disclosure) (Details) - USD ($) $ in Millions | Dec. 31, 2015 | Dec. 31, 2014 |
Goodwill and Intangible Assets Disclosure [Abstract] | ||
Indefinite-lived intangible assets | $ 11,711 | $ 11,711 |
Definite-lived intangible assets | 465 | 465 |
Total other intangible assets | 12,176 | 12,176 |
Definite-lived intangible assets, accumulated amortization | $ 148 | $ 127 |
Goodwill and Other Intangible51
Goodwill and Other Intangible Assets, net (Narrative) (Details) - USD ($) | 12 Months Ended | ||||
Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2009 | Dec. 31, 2007 | |
Goodwill And Intangible Assets [Line Items] | |||||
Amortization of intangibles | $ 21,000,000 | $ 20,000,000 | $ 20,000,000 | ||
Estimated future amortization, year 1 | 20,000,000 | ||||
Estimated future amortization, year 2 | 20,000,000 | ||||
Estimated future amortization, year 3 | 20,000,000 | ||||
Estimated future amortization, year 4 | 20,000,000 | ||||
Estimated future amortization, year 5 | 20,000,000 | ||||
Impairment charges | 0 | 0 | 0 | ||
Changes in goodwill | 0 | $ 0 | |||
Accumulated impairment losses related to goodwill and other intangible assets, net | $ 0 | $ 0 | |||
UST [Member] | |||||
Goodwill And Intangible Assets [Line Items] | |||||
Indefinite-lived trademarks | $ 9,100,000,000 | ||||
Middleton [Member] | |||||
Goodwill And Intangible Assets [Line Items] | |||||
Indefinite-lived trademarks | $ 2,600,000,000 | ||||
Definite-Lived Intangible Assets [Member] | |||||
Goodwill And Intangible Assets [Line Items] | |||||
Definite-lived intangible assets amortization period, maximum, in years | 25 years |
Inventories (Details)
Inventories (Details) - USD ($) $ in Billions | Dec. 31, 2015 | Dec. 31, 2014 |
Inventory Disclosure [Abstract] | ||
Inventories determined using LIFO method | 65.00% | 66.00% |
Current cost of inventories over LIFO amounts | $ 0.7 | $ 0.7 |
Investment in SABMiller (Narrat
Investment in SABMiller (Narrative) (Details) - USD ($) $ in Millions | 12 Months Ended | |||
Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | Nov. 11, 2015 | |
Schedule of Equity Method Investments [Line Items] | ||||
Earnings from equity investment in SABMiller | $ 757 | $ 1,006 | $ 991 | |
SABMiller Plc [Member] | ||||
Schedule of Equity Method Investments [Line Items] | ||||
Equity method investment, ownership percentage (approximately) | 27.00% | |||
Undistributed earnings from equity method investment | 3,200 | |||
SABMiller Plc [Member] | Reported Value Measurement [Member] | ||||
Schedule of Equity Method Investments [Line Items] | ||||
Fair value of investment in SABMiller | 5,500 | 6,200 | ||
SABMiller Plc [Member] | Level 1 [Member] | Estimate of Fair Value Measurement [Member] | ||||
Schedule of Equity Method Investments [Line Items] | ||||
Fair value of investment in SABMiller | $ 25,800 | $ 22,500 |
Investment in SABMiller (Summar
Investment in SABMiller (Summary of Balance Sheet of SABMiller) (Details) - SABMiller Plc [Member] - USD ($) $ in Millions | Dec. 31, 2015 | Dec. 31, 2014 |
Schedule of Equity Method Investments [Line Items] | ||
Current assets | $ 4,266 | $ 5,878 |
Long-term assets | 38,425 | 43,812 |
Current liabilities | 6,282 | 10,051 |
Long-term liabilities | 13,960 | 14,731 |
Non-controlling interests | $ 1,235 | $ 1,241 |
Investment in SABMiller (Summ55
Investment in SABMiller (Summary of Income Statement of SABMiller) (Details) - SABMiller Plc [Member] - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | |
Schedule of Equity Method Investments [Line Items] | |||
Net revenues | $ 20,188 | $ 22,380 | $ 22,684 |
Operating profit | 3,690 | 4,478 | 4,201 |
Net earnings | $ 2,838 | $ 3,532 | $ 3,375 |
Investment in SABMiller (AB InB
Investment in SABMiller (AB InBev and SABMiller Business Combination) (Details) £ / shares in Units, £ in Millions, $ in Millions | Nov. 11, 2015USD ($)shares | Dec. 31, 2015USD ($) | Nov. 11, 2015GBP (£)£ / shares | Nov. 11, 2015USD ($) |
Foreign Exchange Option [Member] | ||||
Business Acquisition [Line Items] | ||||
Notional amount of option | £ 1,625 | $ 2,467 | ||
Derivative gain | $ 20 | |||
Derivative fair value | $ 152 | |||
SABMiller Plc [Member] | ||||
Business Acquisition [Line Items] | ||||
Equity method investment, ownership percentage (approximately) | 27.00% | 27.00% | ||
AB InBev and SABMiller [Member] | ||||
Business Acquisition [Line Items] | ||||
Consideration to be transferred by AB InBev (approximately) | $ 107,000 | |||
British pounds in cash for each SABMiller share, offered by AB InBev (GBP per share) | £ / shares | £ 44 | |||
Partial share alternative percentage available for SABMiller shares (approximately) | 41.00% | 41.00% | ||
Partial share alternative, British pounds in cash for each SABMiller share, offered by AB InBev (GBP per share) | £ / shares | £ 3.7788 | |||
Expected pre-tax cash received (subject to proration) | $ 2,500 | |||
Pre-tax accounting gain (approximately) | 12,000 | |||
After-tax accounting gain (approximately) | $ 8,000 | |||
AB InBev and SABMiller [Member] | Restricted Shares [Member] | ||||
Business Acquisition [Line Items] | ||||
Partial share alternative, new shares receivable per previously owned share (in shares) | shares | 0.483969 | |||
Expected economic and voting interests acquired (approximate) | 10.50% | 10.50% | ||
Restrictive share lock-up period | 5 years | |||
Maximum shares that may issued under partial share alternative (in shares) | shares | 326,000,000 |
Finance Assets, net (Narrative)
Finance Assets, net (Narrative) (Details) - USD ($) | 12 Months Ended | |||
Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Finance assets, net | $ 1,239,000,000 | $ 1,614,000,000 | ||
Investments in finance leases | 1,281,000,000 | 1,656,000,000 | ||
Allowance for credit losses | 42,000,000 | 42,000,000 | $ 52,000,000 | $ 99,000,000 |
Third-party nonrecourse debt | 1,200,000,000 | 2,100,000,000 | ||
Leases with contingent rentals | 0 | 0 | ||
Decrease to estimated residual values | 65,000,000 | 63,000,000 | 0 | |
PMCC leveraged lease revenues | 46,000,000 | 80,000,000 | 209,000,000 | |
Income tax (benefit) expense on leveraged lease revenues | 17,000,000 | 30,000,000 | 80,000,000 | |
Decrease to allowance | $ 0 | (10,000,000) | (47,000,000) | |
Aircraft [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Investments in finance leases, percentage | 45.00% | |||
Electric Power [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Investments in finance leases, percentage | 24.00% | |||
Railcar [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Investments in finance leases, percentage | 12.00% | |||
Real Estate [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Investments in finance leases, percentage | 12.00% | |||
Manufacturing [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Investments in finance leases, percentage | 7.00% | |||
Decrease in Unguaranteed Residual Value Resulting in Reduction to Net Revenues [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Reduction in net revenues | $ 41,000,000 | 26,000,000 | $ 0 | |
Finance Leases Financing Receivable [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Investments in finance leases | 1,281,000,000 | 1,656,000,000 | ||
Outside of U.S. [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Investments in finance leases | $ 0 | $ 0 |
Finance Assets, net (Summary of
Finance Assets, net (Summary of Net Investments in Finance Leases) (Details) - USD ($) $ in Millions | Dec. 31, 2015 | Dec. 31, 2014 |
Receivables [Abstract] | ||
Rents receivable, net | $ 923 | $ 1,241 |
Unguaranteed residual values | 674 | 827 |
Unearned income | (316) | (412) |
Investments in finance leases | 1,281 | 1,656 |
Deferred income taxes | (928) | (1,135) |
Net investments in finance leases | $ 353 | $ 521 |
Finance Assets, net (Schedule o
Finance Assets, net (Schedule of Rents Receivable) (Details) $ in Millions | Dec. 31, 2015USD ($) |
Receivables [Abstract] | |
2,016 | $ 42 |
2,017 | 64 |
2,018 | 155 |
2,019 | 192 |
2,020 | 136 |
Thereafter | 334 |
Total | $ 923 |
Finance Assets, net (Schedule60
Finance Assets, net (Schedule of Allowance for Losses on Finance Assets) (Details) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | |
Financing Receivable, Allowance for Credit Losses [Roll Forward] | |||
Beginning balance | $ 42 | $ 52 | $ 99 |
Decrease to allowance | 0 | (10) | (47) |
Ending balance | $ 42 | $ 42 | $ 52 |
Finance Assets, net (Schedule61
Finance Assets, net (Schedule of Credit Quality of Investments in Finance Leases) (Details) - USD ($) $ in Millions | Dec. 31, 2015 | Dec. 31, 2014 |
Financing Receivable, Recorded Investment [Line Items] | ||
Gross investments in finance leases | $ 1,281 | $ 1,656 |
Finance Leases Financing Receivable [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Gross investments in finance leases | 1,281 | 1,656 |
Finance Leases Financing Receivable [Member] | Standard & Poor's AAA To A Minus [Member] | Moodys Aaa to A3 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Gross investments in finance leases | 212 | 417 |
Finance Leases Financing Receivable [Member] | Standard & Poor's BBB Plus To BBB Minus [Member] | Moodys Baa1 to Baa3 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Gross investments in finance leases | 702 | 833 |
Finance Leases Financing Receivable [Member] | Standard & Poor's BB Plus And Lower [Member] | Moodys Ba1 and Lower [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Gross investments in finance leases | $ 367 | $ 406 |
Short-Term Borrowings and Bor62
Short-Term Borrowings and Borrowing Arrangements (Details) | 3 Months Ended | 12 Months Ended | |
Sep. 30, 2015USD ($) | Dec. 31, 2015USD ($) | Dec. 31, 2014USD ($) | |
Short-term Debt [Line Items] | |||
Short-term borrowings | $ 0 | $ 0 | |
Ratio of debt to consolidated EBITDA | 1.4 | ||
Ratio of consolidated EBITDA to consolidated interest expense | 11.7 | ||
Credit Agreement [Member] | Revolving Credit Facility [Member] | |||
Short-term Debt [Line Items] | |||
Credit line available under the credit agreement | $ 3,000,000,000 | ||
Maximum borrowing capacity | $ 3,000,000,000 | $ 3,000,000,000 | |
Term of debt | 5 years | ||
Credit Agreement [Member] | Revolving Credit Facility [Member] | Maximum [Member] | |||
Short-term Debt [Line Items] | |||
Ratio of debt to consolidated EBITDA | 3 | ||
Credit Agreement [Member] | Revolving Credit Facility [Member] | Minimum [Member] | |||
Short-term Debt [Line Items] | |||
Ratio of consolidated EBITDA to consolidated interest expense | 4 | ||
Credit Agreement [Member] | Revolving Credit Facility [Member] | London Interbank Offered Rate (LIBOR) [Member] | |||
Short-term Debt [Line Items] | |||
Interest rate for borrowing | 1.25% |
Long-Term Debt (Components of L
Long-Term Debt (Components of Long-Term Debt) (Details) - USD ($) $ in Millions | Dec. 31, 2015 | Dec. 31, 2014 |
Debt Instrument [Line Items] | ||
Long-term debt | $ 12,919 | $ 14,693 |
Less current portion of long-term debt | 4 | 1,000 |
Long-term debt excluding current portion | 12,915 | 13,693 |
Notes Payable, Other Payables [Member] | ||
Debt Instrument [Line Items] | ||
Long-term debt | 16 | 0 |
Notes 2.625% To 10.20% Due Through 2044 [Member] | Notes [Member] | ||
Debt Instrument [Line Items] | ||
Long-term debt | $ 12,861 | $ 14,651 |
Notes 2.625% To 10.20% Due Through 2044 [Member] | Notes [Member] | Minimum [Member] | ||
Debt Instrument [Line Items] | ||
Stated interest rate | 2.625% | 2.625% |
Notes 2.625% To 10.20% Due Through 2044 [Member] | Notes [Member] | Maximum [Member] | ||
Debt Instrument [Line Items] | ||
Stated interest rate | 10.20% | 10.20% |
Notes 2.625% To 10.20% Due Through 2044 [Member] | Notes [Member] | Weighted Average [Member] | ||
Debt Instrument [Line Items] | ||
Weighted average interest rate | 5.50% | 5.70% |
Debenture, 7.75% due 2027, interest payable semi-annually [Member] | Debentures [Member] | ||
Debt Instrument [Line Items] | ||
Long-term debt | $ 42 | $ 42 |
Stated interest rate | 7.75% | 7.75% |
Long-Term Debt (Aggregate Matur
Long-Term Debt (Aggregate Maturities of Long-Term Debt) (Details) - USD ($) $ in Millions | Dec. 31, 2015 | Dec. 31, 2014 |
Debt Disclosure [Abstract] | ||
2,016 | $ 4 | |
2,017 | 4 | |
2,018 | 867 | |
2,019 | 1,148 | |
2,020 | 1,000 | |
2,021 | 1,500 | |
Thereafter | 8,442 | |
Long-term debt before debt discount | 12,965 | |
Debt discounts | 46 | |
Long-term debt | $ 12,919 | $ 14,693 |
Long-Term Debt (Narrative) (Det
Long-Term Debt (Narrative) (Details) - USD ($) | 12 Months Ended | ||
Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | |
Debt Instrument [Line Items] | |||
Long-term debt repaid | $ 1,793,000,000 | $ 825,000,000 | $ 3,559,000,000 |
Senior Notes [Member] | |||
Debt Instrument [Line Items] | |||
Extinguishment of debt | 793,000,000 | 2,100,000,000 | |
Senior Notes [Member] | UST [Member] | |||
Debt Instrument [Line Items] | |||
Debt Redeemed | $ 300,000,000 | ||
Stated interest rate | 5.75% | ||
Senior Notes [Member] | Senior Notes [Member] | |||
Debt Instrument [Line Items] | |||
Extinguishment of debt | $ 800,000,000 | $ 2,100,000,000 | |
Senior Notes [Member] | Change Of Control And Loss Of Investment Grade Rating [Member] | |||
Debt Instrument [Line Items] | |||
Required purchase price as percentage of aggregate principal amount | 101.00% | ||
Notes Issued, 2008 and 2009 [Member] | Senior Notes [Member] | |||
Debt Instrument [Line Items] | |||
Repayments of debt | $ 1,000,000,000 | ||
Subject to Credit Rating Step Up [Member] | Notes Issued, 2008 and 2009 [Member] | Senior Notes [Member] | |||
Debt Instrument [Line Items] | |||
Aggregate principal amount | 3,400,000,000 | ||
Reported Value Measurement [Member] | |||
Debt Instrument [Line Items] | |||
Aggregate value of Altria's total debt | 12,900,000,000 | $ 14,700,000,000 | |
Level 2 [Member] | Estimate of Fair Value Measurement [Member] | |||
Debt Instrument [Line Items] | |||
Aggregate value of Altria's total debt | $ 14,500,000,000 | $ 17,000,000,000 |
Long-Term Debt (Extinguishment
Long-Term Debt (Extinguishment of Debt) (Details) - USD ($) $ in Millions | 3 Months Ended | 12 Months Ended | |||||||||
Dec. 31, 2015 | Sep. 30, 2015 | Jun. 30, 2015 | Mar. 31, 2015 | Dec. 31, 2014 | Sep. 30, 2014 | Jun. 30, 2014 | Mar. 31, 2014 | Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | |
Extinguishment of Debt [Line Items] | |||||||||||
Premiums and fees | $ 226 | $ 44 | $ 1,054 | ||||||||
Write-off of unamortized debt discounts and debt issuance costs | 2 | 0 | 30 | ||||||||
Loss on early extinguishment of debt | $ 0 | $ 0 | $ 0 | $ 228 | $ 44 | $ 0 | $ 0 | $ 0 | 228 | $ 44 | 1,084 |
Senior Notes [Member] | |||||||||||
Extinguishment of Debt [Line Items] | |||||||||||
Notes purchased | 793 | 2,100 | |||||||||
9.95% Note [Member] | Senior Notes [Member] | |||||||||||
Extinguishment of Debt [Line Items] | |||||||||||
Notes purchased | $ 0 | $ 818 | |||||||||
Stated interest rate | 9.95% | 9.95% | 9.95% | ||||||||
10.20% Note [Member] | Senior Notes [Member] | |||||||||||
Extinguishment of Debt [Line Items] | |||||||||||
Notes purchased | $ 0 | $ 782 | |||||||||
Stated interest rate | 10.20% | 10.20% | 10.20% | ||||||||
9.70% Note[Member] | Senior Notes [Member] | |||||||||||
Extinguishment of Debt [Line Items] | |||||||||||
Notes purchased | $ 793 | $ 293 | |||||||||
Stated interest rate | 9.70% | 9.70% | 9.70% | ||||||||
9.25% Note [Member] | Senior Notes [Member] | |||||||||||
Extinguishment of Debt [Line Items] | |||||||||||
Notes purchased | $ 0 | $ 207 | |||||||||
Stated interest rate | 9.25% | 9.25% | 9.25% |
Capital Stock (Narrative) (Deta
Capital Stock (Narrative) (Details) - USD ($) | 3 Months Ended | 12 Months Ended | 15 Months Ended | 18 Months Ended | ||||||||||
Sep. 30, 2015 | Sep. 30, 2014 | Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | Sep. 30, 2015 | Sep. 30, 2014 | Mar. 31, 2013 | Jul. 31, 2015 | Jul. 31, 2014 | Aug. 31, 2013 | Apr. 30, 2013 | Oct. 31, 2012 | Oct. 31, 2011 | |
Class of Stock [Line Items] | ||||||||||||||
Common stock, shares authorized (in shares) | 12,000,000,000 | |||||||||||||
Cash dividends declared (USD per share) | $ 0.565 | $ 0.52 | $ 2.17 | $ 2 | $ 1.84 | |||||||||
Annualized dividend rate (USD per share) | $ 2.26 | |||||||||||||
Repurchase of common stock (in shares) | 10,682,419 | 22,452,599 | 16,652,913 | |||||||||||
Aggregate cost of shares repurchased | $ 554,000,000 | $ 939,000,000 | $ 600,000,000 | |||||||||||
Average price of repurchased shares (USD per share) | $ 51.83 | $ 41.79 | $ 36.05 | |||||||||||
October 2011 Share Repurchase Program [Member] | ||||||||||||||
Class of Stock [Line Items] | ||||||||||||||
Stock repurchase program, authorized amount | $ 1,500,000,000 | $ 1,000,000,000 | ||||||||||||
Repurchase of common stock (in shares) | 48,300,000 | |||||||||||||
Average price of repurchased shares (USD per share) | $ 31.06 | |||||||||||||
April 2013 Share Repurchase Program [Member] | ||||||||||||||
Class of Stock [Line Items] | ||||||||||||||
Stock repurchase program, authorized amount | $ 1,000,000,000 | $ 300,000,000 | ||||||||||||
Repurchase of common stock (in shares) | 27,100,000 | |||||||||||||
Average price of repurchased shares (USD per share) | $ 36.97 | |||||||||||||
July 2014 Share Repurchase Program [Member] | ||||||||||||||
Class of Stock [Line Items] | ||||||||||||||
Stock repurchase program, authorized amount | $ 1,000,000,000 | |||||||||||||
Repurchase of common stock (in shares) | 20,400,000 | |||||||||||||
Average price of repurchased shares (USD per share) | $ 48.90 | |||||||||||||
July 2015 Share Repurchase Program [Member] | ||||||||||||||
Class of Stock [Line Items] | ||||||||||||||
Stock repurchase program, authorized amount | $ 1,000,000,000 | |||||||||||||
Repurchase of common stock (in shares) | 600,000 | |||||||||||||
Aggregate cost of shares repurchased | $ 35,000,000 | |||||||||||||
Average price of repurchased shares (USD per share) | $ 57.66 | |||||||||||||
Amount remaining in the share repurchased program | $ 965,000,000 | |||||||||||||
Serial Preferred Stock [Member] | ||||||||||||||
Class of Stock [Line Items] | ||||||||||||||
Preferred stock, shares authorized (in shares) | 10,000,000 | |||||||||||||
Preferred stock, par value | $ 1 | |||||||||||||
Preferred stock, shares issued (in shares) | 0 | |||||||||||||
Common Stock [Member] | Dividend Declared [Member] | ||||||||||||||
Class of Stock [Line Items] | ||||||||||||||
Increase in quarterly dividend rate | 8.70% | |||||||||||||
Stock Compensation Plan [Member] | ||||||||||||||
Class of Stock [Line Items] | ||||||||||||||
Shares of common stock reserved for stock-based awards (in shares) | 42,209,751 |
Capital Stock (Schedule of Issu
Capital Stock (Schedule of Issued Repurchased and Outstanding Shares) (Details) - shares | 12 Months Ended | ||
Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | |
Common Stock, Shares Outstanding [Roll Forward] | |||
Beginning balance, Shares Issued (in shares) | 2,805,961,317 | 2,805,961,317 | 2,805,961,317 |
Beginning balance, Shares Repurchased (in shares) | (834,486,794) | (812,482,035) | (796,221,021) |
Beginning balance, Shares Outstanding (in shares) | 1,971,474,523 | 1,993,479,282 | 2,009,740,296 |
Stock award activity (in shares) | (732,623) | 447,840 | 391,899 |
Repurchase of common stock (in shares) | (10,682,419) | (22,452,599) | (16,652,913) |
Ending balance, Shares Issued (in shares) | 2,805,961,317 | 2,805,961,317 | 2,805,961,317 |
Ending balance, Shares Repurchased (in shares) | (845,901,836) | (834,486,794) | (812,482,035) |
Ending balance, Shares Outstanding (in shares) | 1,960,059,481 | 1,971,474,523 | 1,993,479,282 |
Capital Stock (Schedule of Shar
Capital Stock (Schedule of Shares Repurchased) (Details) - USD ($) $ / shares in Units, $ in Millions | 12 Months Ended | ||
Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | |
Equity [Abstract] | |||
Repurchase of common stock (in shares) | 10,682,419 | 22,452,599 | 16,652,913 |
Aggregate cost of shares repurchased | $ 554 | $ 939 | $ 600 |
Average price of repurchased shares (USD per share) | $ 51.83 | $ 41.79 | $ 36.05 |
Stock Plans (Narrative) (Detail
Stock Plans (Narrative) (Details) - USD ($) $ / shares in Units, $ in Millions | 12 Months Ended | ||
Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | |
Restricted Stock And Restricted Stock Units [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Vesting period, in years | 3 years | ||
Pre-tax compensation expense | $ 51 | $ 46 | $ 49 |
Deferred tax benefit | 20 | 18 | 19 |
Unamortized compensation expense | $ 68 | ||
Weighted-average period of recognition, in years | 2 years | ||
Weighted-average grant date fair value | $ 65 | $ 53 | $ 49 |
Weighted-average grant date fair value, per share | $ 54.54 | $ 36.75 | $ 33.76 |
Total fair value vested | $ 85 | $ 86 | $ 89 |
Common Stock [Member] | 2015 Plan [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Maximum number of shares issuable under the stock compensation plan (in shares) | 40,000,000 | ||
Shares available to be granted (in shares) | 39,994,482 | ||
Common Stock [Member] | 2015 Directors Plan [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Maximum number of shares issuable under the stock compensation plan (in shares) | 1,000,000 | ||
Shares available to be granted (in shares) | 993,284 |
Stock Plans (Schedule of Restri
Stock Plans (Schedule of Restricted and Restricted Stock Units Activity) (Details) - Restricted Stock And Restricted Stock Units [Member] - $ / shares | 12 Months Ended | ||
Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward] | |||
Balance at beginning of year, Number of Shares | 4,511,911 | ||
Granted, Number of Shares | 1,195,088 | ||
Vested, Number Of Shares | (1,567,474) | ||
Forfeited, Number of Shares | (201,840) | ||
Balance at end of year, Number of Shares | 3,937,685 | 4,511,911 | |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Roll Forward] | |||
Balance at beginning of year, Weighted-Average Grant Date Fair Value Per Share, in USD per share | $ 32.83 | ||
Granted, Weighted-Average Grant Date Fair Value Per Share, in USD per share | 54.54 | $ 36.75 | $ 33.76 |
Vested, Weighted-Average Grant Date Fair Value Per Share, in USD per share | 28.61 | ||
Forfeited, Weighted-Average Grant Date Fair Value Per Share, in USD per share | 37.53 | ||
Balance at end of year, Weighted-Average Grant Date Fair Value Per Share, in USD per share | $ 40.86 | $ 32.83 |
Earnings Per Share (Earnings Pe
Earnings Per Share (Earnings Per Share) (Details) - USD ($) shares in Millions, $ in Millions | 3 Months Ended | 12 Months Ended | |||||||||
Dec. 31, 2015 | Sep. 30, 2015 | Jun. 30, 2015 | Mar. 31, 2015 | Dec. 31, 2014 | Sep. 30, 2014 | Jun. 30, 2014 | Mar. 31, 2014 | Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | |
Earnings Per Share [Abstract] | |||||||||||
Net earnings attributable to Altria Group, Inc. | $ 1,247 | $ 1,528 | $ 1,448 | $ 1,018 | $ 1,236 | $ 1,397 | $ 1,262 | $ 1,175 | $ 5,241 | $ 5,070 | $ 4,535 |
Less: Distributed and undistributed earnings attributable to unvested restricted shares and restricted stock units | (10) | (12) | (12) | ||||||||
Earnings for basic and diluted EPS | $ 5,231 | $ 5,058 | $ 4,523 | ||||||||
Weighted-average shares for basic and diluted EPS | 1,961 | 1,978 | 1,999 |
Other Comprehensive Earnings_73
Other Comprehensive Earnings/Losses (Changes in Each Component of Accumulated Other Comprehensive Losses) (Details) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | |
Accumulated Other Comprehensive Income [Roll Forward] | |||
Balances at beginning of year | $ (2,682) | $ (1,378) | $ (2,040) |
Other comprehensive losses before reclassifications | (1,210) | (2,294) | 817 |
Deferred income taxes | 431 | 858 | (350) |
Other comprehensive losses before reclassifications, net of deferred income taxes | (779) | (1,436) | 467 |
Amounts reclassified to net earnings | 293 | 213 | 317 |
Deferred income taxes | (112) | (81) | (122) |
Amounts reclassified to net earnings, net of deferred income taxes | 181 | 132 | 195 |
Other comprehensive (losses) earnings, net of deferred income taxes | (598) | (1,304) | 662 |
Balances at end of year | (3,280) | (2,682) | (1,378) |
SABMiller Plc [Member] | |||
Accumulated Other Comprehensive Income [Roll Forward] | |||
Balances at beginning of year | (640) | (105) | 372 |
Other comprehensive losses before reclassifications | (983) | (881) | (740) |
Deferred income taxes | 344 | 308 | 259 |
Other comprehensive losses before reclassifications, net of deferred income taxes | (639) | (573) | (481) |
Amounts reclassified to net earnings | 21 | 59 | 6 |
Deferred income taxes | (7) | (21) | (2) |
Amounts reclassified to net earnings, net of deferred income taxes | 14 | 38 | 4 |
Other comprehensive (losses) earnings, net of deferred income taxes | (625) | (535) | (477) |
Balances at end of year | (1,265) | (640) | (105) |
Accumulated Translation Adjustment [Member] | |||
Accumulated Other Comprehensive Income [Roll Forward] | |||
Balances at beginning of year | (2) | 0 | 2 |
Other comprehensive losses before reclassifications | (4) | (2) | (2) |
Deferred income taxes | 1 | 0 | 0 |
Other comprehensive losses before reclassifications, net of deferred income taxes | (3) | (2) | (2) |
Amounts reclassified to net earnings | 0 | 0 | 0 |
Deferred income taxes | 0 | 0 | 0 |
Amounts reclassified to net earnings, net of deferred income taxes | 0 | 0 | 0 |
Other comprehensive (losses) earnings, net of deferred income taxes | (3) | (2) | (2) |
Balances at end of year | (5) | (2) | 0 |
Accumulated Defined Benefit Plans Adjustment [Member] | |||
Accumulated Other Comprehensive Income [Roll Forward] | |||
Balances at beginning of year | (2,040) | (1,273) | (2,414) |
Other comprehensive losses before reclassifications | (223) | (1,411) | 1,559 |
Deferred income taxes | 86 | 550 | (609) |
Other comprehensive losses before reclassifications, net of deferred income taxes | (137) | (861) | 950 |
Amounts reclassified to net earnings | 272 | 154 | 311 |
Deferred income taxes | (105) | (60) | (120) |
Amounts reclassified to net earnings, net of deferred income taxes | 167 | 94 | 191 |
Other comprehensive (losses) earnings, net of deferred income taxes | 30 | (767) | 1,141 |
Balances at end of year | $ (2,010) | $ (2,040) | $ (1,273) |
Other Comprehensive Earnings_74
Other Comprehensive Earnings/Losses (Reclassifications) (Details) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | |
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | |||
Net loss | $ 296 | $ 187 | $ 340 |
Prior service cost/credit | (32) | (33) | (35) |
Earnings (loss) before income taxes | 8,078 | 7,774 | 6,942 |
Reclassification out of Accumulated Other Comprehensive Income [Member] | |||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | |||
Earnings (loss) before income taxes | 293 | 213 | 317 |
Reclassification out of Accumulated Other Comprehensive Income [Member] | SABMiller Plc [Member] | |||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | |||
Earnings (loss) before income taxes | 21 | 59 | 6 |
Accumulated Defined Benefit Plans Adjustment [Member] | |||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | |||
Net loss | 304 | 187 | 346 |
Accumulated Defined Benefit Plans Adjustment [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member] | |||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | |||
Prior service cost/credit | (32) | (33) | (35) |
Benefit Plans, net | $ 272 | $ 154 | $ 311 |
Income Taxes (Schedule of Earni
Income Taxes (Schedule of Earnings Before Income Taxes and Provision for Income Taxes) (Details) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | |
Income Tax Disclosure [Abstract] | |||
United States | $ 8,078 | $ 7,763 | $ 6,929 |
Outside United States | 0 | 11 | 13 |
Earnings before income taxes | 8,078 | 7,774 | 6,942 |
Current: | |||
Federal - Current | 2,516 | 2,350 | 2,066 |
State and local - Current | 451 | 480 | 423 |
Outside United States - Current | 0 | 3 | 4 |
Total current provision for income taxes | 2,967 | 2,833 | 2,493 |
Deferred: | |||
Federal - Deferred | (140) | (124) | (77) |
State and local - Deferred | 8 | (5) | (9) |
Total deferred provision for income taxes | (132) | (129) | (86) |
Total provision for income taxes | $ 2,835 | $ 2,704 | $ 2,407 |
Income Taxes (Reconciliation of
Income Taxes (Reconciliation of Beginning and Ending Unrecognized Tax Benefits) (Details) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | |
Reconciliation of Unrecognized Tax Benefits | |||
Balance at beginning of year | $ 258 | $ 227 | $ 262 |
Additions based on tax positions related to the current year | 15 | 15 | 15 |
Additions for tax positions of prior years | 57 | 29 | 35 |
Reductions for tax positions due to lapse of statutes of limitations | (4) | (2) | (1) |
Reductions for tax positions of prior years | (86) | 0 | 0 |
Settlements | (82) | (11) | (84) |
Balance at end of year | $ 158 | $ 258 | $ 227 |
Income Taxes (Schedule of Unrec
Income Taxes (Schedule of Unrecognized Tax Benefits and Consolidated Liability for Tax Contingencies) (Details) - USD ($) $ in Millions | Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Income Tax Contingency [Line Items] | ||||
Unrecognized tax benefits | $ 158 | $ 258 | $ 227 | $ 262 |
Accrued interest and penalties | 14 | 57 | ||
Tax credits and other indirect benefits | (3) | (17) | ||
Liability for tax contingencies | 169 | 298 | ||
Altria Group, Inc. [Member] | ||||
Income Tax Contingency [Line Items] | ||||
Unrecognized tax benefits | 158 | 228 | ||
PMI [Member] | ||||
Income Tax Contingency [Line Items] | ||||
Unrecognized tax benefits | $ 0 | 30 | ||
Accrued interest and penalties | $ 7 |
Income Taxes (Narrative) (Detai
Income Taxes (Narrative) (Details) - USD ($) | 3 Months Ended | 12 Months Ended | ||||||||
Dec. 31, 2015 | Sep. 30, 2015 | Dec. 31, 2014 | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2013 | Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | |
Income Taxes [Line Items] | ||||||||||
Unrecognized tax benefits if recognized would impact effective tax rate | $ 109,000,000 | $ 207,000,000 | $ 109,000,000 | $ 207,000,000 | ||||||
Unrecognized tax benefits if recognized would affect deferred taxes | 49,000,000 | 51,000,000 | 49,000,000 | 51,000,000 | ||||||
Unrecognized tax benefits | 158,000,000 | 258,000,000 | $ 227,000,000 | 158,000,000 | 258,000,000 | $ 227,000,000 | $ 262,000,000 | |||
Tax (benefit) provision recorded | (24,000,000) | $ (41,000,000) | (5,000,000) | 25,000,000 | 59,000,000 | 14,000,000 | 39,000,000 | |||
Accrued interest and penalties | 14,000,000 | 57,000,000 | 14,000,000 | 57,000,000 | ||||||
Interest (income) expense associated with uncertain tax position | (36,000,000) | 14,000,000 | 5,000,000 | |||||||
Potential decrease in liability for uncertain tax positions | 6,000,000 | 6,000,000 | ||||||||
Changes to Mondelēz and PMI tax-related receivables/payables | (41,000,000) | (2,000,000) | (22,000,000) | |||||||
Valuation allowances | (260,000,000) | (211,000,000) | (260,000,000) | (211,000,000) | ||||||
Altria Group, Inc. [Member] | ||||||||||
Income Taxes [Line Items] | ||||||||||
Unrecognized tax benefits if recognized would impact effective tax rate | 177,000,000 | 177,000,000 | ||||||||
Unrecognized tax benefits | 158,000,000 | 228,000,000 | 158,000,000 | 228,000,000 | ||||||
PMI [Member] | ||||||||||
Income Taxes [Line Items] | ||||||||||
Unrecognized tax benefits if recognized would impact effective tax rate | 30,000,000 | 30,000,000 | ||||||||
Accruals no longer required [Member] | ||||||||||
Income Taxes [Line Items] | ||||||||||
Tax (benefit) provision recorded | $ 19,000,000 | $ 14,000,000 | $ 25,000,000 | |||||||
State and Local Jurisdiction [Member] | ||||||||||
Income Taxes [Line Items] | ||||||||||
Net operating losses carry forward | 610,000,000 | 610,000,000 | ||||||||
Tax credit carryforwards | 57,000,000 | $ 57,000,000 | ||||||||
State and Local Jurisdiction [Member] | Earliest Tax Year [Member] | ||||||||||
Income Taxes [Line Items] | ||||||||||
Expiration date for carry forward losses | Dec. 31, 2016 | |||||||||
Expiration date for tax credit carryforwards | Dec. 31, 2016 | |||||||||
State and Local Jurisdiction [Member] | Latest Tax Year [Member] | ||||||||||
Income Taxes [Line Items] | ||||||||||
Expiration date for carry forward losses | Dec. 31, 2035 | |||||||||
Expiration date for tax credit carryforwards | Dec. 31, 2017 | |||||||||
Foreign Tax Authority [Member] | ||||||||||
Income Taxes [Line Items] | ||||||||||
Tax credit carryforwards | 301,000,000 | $ 301,000,000 | ||||||||
Foreign Tax Authority [Member] | Earliest Tax Year [Member] | ||||||||||
Income Taxes [Line Items] | ||||||||||
Expiration date for tax credit carryforwards | Dec. 31, 2020 | |||||||||
Foreign Tax Authority [Member] | Latest Tax Year [Member] | ||||||||||
Income Taxes [Line Items] | ||||||||||
Expiration date for tax credit carryforwards | Dec. 31, 2025 | |||||||||
PMI [Member] | ||||||||||
Income Taxes [Line Items] | ||||||||||
Unrecognized tax benefits | 0 | 30,000,000 | $ 0 | 30,000,000 | ||||||
Accrued interest and penalties | $ 7,000,000 | 7,000,000 | ||||||||
Mondelez [Member] | ||||||||||
Income Taxes [Line Items] | ||||||||||
Tax (benefit) provision recorded | 2,000,000 | |||||||||
Mondelez and PMI [Member] | ||||||||||
Income Taxes [Line Items] | ||||||||||
Unrecognized tax benefits | $ 0 | 0 | ||||||||
Tax (benefit) provision recorded | 41,000,000 | 22,000,000 | ||||||||
Impact on earnings | $ 0 | $ 0 | $ 0 |
Income Taxes (Reconciliation 79
Income Taxes (Reconciliation of Effective Tax Rate and U.S. Federal Statutory Rate) (Details) | 12 Months Ended | ||
Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | |
Income Tax Disclosure [Abstract] | |||
U.S. federal statutory rate | 35.00% | 35.00% | 35.00% |
Increase (decrease) resulting from: | |||
State and local income taxes, net of federal tax benefit | 3.70% | 4.00% | 3.80% |
Uncertain tax positions | (0.80%) | 0.50% | 0.70% |
SABMiller dividend benefit | (0.50%) | (2.30%) | (2.00%) |
Domestic manufacturing deduction | (2.00%) | (2.40%) | (2.70%) |
Other | (0.30%) | 0.00% | (0.10%) |
Effective tax rate | 35.10% | 34.80% | 34.70% |
Income Taxes (Schedule of Defer
Income Taxes (Schedule of Deferred Income Tax Assets and Liabilities) (Details) - USD ($) $ in Millions | Dec. 31, 2015 | Dec. 31, 2014 |
Income Tax Disclosure [Abstract] | ||
Accrued postretirement and postemployment benefits | $ 953 | $ 1,054 |
Settlement charges | 1,393 | 1,379 |
Accrued pension costs | 512 | 410 |
Net operating losses and tax credit carryforwards | 335 | 357 |
Total deferred income tax assets | 3,193 | 3,200 |
Property, plant and equipment | (441) | (468) |
Intangible assets | (3,968) | (3,915) |
Investment in SABMiller | (1,794) | (2,039) |
Finance assets, net | (909) | (1,123) |
Other | (116) | (190) |
Total deferred income tax liabilities | (7,228) | (7,735) |
Valuation allowances | (260) | (211) |
Deferred Tax Liabilities, Net | $ (4,295) | $ (4,746) |
Segment Reporting (Segment Data
Segment Reporting (Segment Data Schedule) (Details) - USD ($) $ in Millions | 3 Months Ended | 12 Months Ended | |||||||||
Dec. 31, 2015 | Sep. 30, 2015 | Jun. 30, 2015 | Mar. 31, 2015 | Dec. 31, 2014 | Sep. 30, 2014 | Jun. 30, 2014 | Mar. 31, 2014 | Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | |
Segment Reporting Information [Line Items] | |||||||||||
Revenue, Net | $ 6,318 | $ 6,699 | $ 6,613 | $ 5,804 | $ 6,258 | $ 6,491 | $ 6,256 | $ 5,517 | $ 25,434 | $ 24,522 | $ 24,466 |
Amortization of intangibles | (21) | (20) | (20) | ||||||||
Changes to Mondelēz and PMI tax-related receivables/payables | (41) | (2) | (22) | ||||||||
Operating income | 8,361 | 7,620 | 8,084 | ||||||||
Interest and other debt expense, net | (817) | (808) | (1,049) | ||||||||
Loss on early extinguishment of debt | 0 | 0 | 0 | (228) | $ (44) | $ 0 | $ 0 | $ 0 | (228) | (44) | (1,084) |
Earnings from equity investment in SABMiller | 757 | 1,006 | 991 | ||||||||
Other income, net | $ 5 | $ 0 | $ 0 | $ 0 | 5 | 0 | 0 | ||||
Earnings before income taxes | 8,078 | 7,774 | 6,942 | ||||||||
Operating Segments [Member] | Smokeable Products [Member] | |||||||||||
Segment Reporting Information [Line Items] | |||||||||||
Revenue, Net | 22,792 | 21,939 | 21,868 | ||||||||
Operating companies income (loss) | 7,569 | 6,873 | 7,063 | ||||||||
Operating Segments [Member] | Smokeless Products [Member] | |||||||||||
Segment Reporting Information [Line Items] | |||||||||||
Revenue, Net | 1,879 | 1,809 | 1,778 | ||||||||
Operating companies income (loss) | 1,108 | 1,061 | 1,023 | ||||||||
Operating Segments [Member] | Wine [Member] | |||||||||||
Segment Reporting Information [Line Items] | |||||||||||
Revenue, Net | 692 | 643 | 609 | ||||||||
Operating companies income (loss) | 152 | 134 | 118 | ||||||||
Operating Segments [Member] | All Other [Member] | |||||||||||
Segment Reporting Information [Line Items] | |||||||||||
Revenue, Net | 71 | 131 | 211 | ||||||||
Operating companies income (loss) | (169) | (185) | 157 | ||||||||
Corporate, Non-Segment [Member] | |||||||||||
Segment Reporting Information [Line Items] | |||||||||||
Amortization of intangibles | (21) | (20) | (20) | ||||||||
General corporate expenses | (237) | (241) | (235) | ||||||||
Changes to Mondelēz and PMI tax-related receivables/payables | $ (41) | $ (2) | $ (22) |
Segment Reporting (Narrative) (
Segment Reporting (Narrative) (Details) $ in Millions | 1 Months Ended | 3 Months Ended | 12 Months Ended | 135 Months Ended | |||||||||||
Dec. 31, 2015USD ($) | Feb. 28, 2015case | Dec. 31, 2010USD ($) | Dec. 31, 2015USD ($) | Sep. 30, 2015USD ($) | Jun. 30, 2015USD ($) | Mar. 31, 2015USD ($) | Dec. 31, 2014USD ($) | Sep. 30, 2014USD ($) | Jun. 30, 2014USD ($) | Mar. 31, 2014USD ($) | Dec. 31, 2015USD ($)casedebt / EBITDA | Dec. 31, 2014USD ($)distributor | Dec. 31, 2013USD ($)distributor | Dec. 31, 2015USD ($) | |
Segment Reporting Information [Line Items] | |||||||||||||||
Net revenue | $ 6,318 | $ 6,699 | $ 6,613 | $ 5,804 | $ 6,258 | $ 6,491 | $ 6,256 | $ 5,517 | $ 25,434 | $ 24,522 | $ 24,466 | ||||
Litigation settlement interest expense (income) | 13 | (47) | 0 | ||||||||||||
NPM Adjustment Items | 84 | 90 | 664 | ||||||||||||
Asset impairment and exit costs | $ (4) | 1 | $ (11) | ||||||||||||
Federal Governments Lawsuit [Member] | Marketing, Adminstration and Research Costs [Member] | Health Care Cost Recovery Litigation [Member] | |||||||||||||||
Segment Reporting Information [Line Items] | |||||||||||||||
Provision related to litigation recorded | $ 31 | ||||||||||||||
Engle Progeny Cases, State [Member] | Philip Morris USA [Member] | |||||||||||||||
Segment Reporting Information [Line Items] | |||||||||||||||
Number of claims resolved | case | 7 | ||||||||||||||
Engle Progeny Cases [Member] | |||||||||||||||
Segment Reporting Information [Line Items] | |||||||||||||||
Litigation settlement interest expense (income) | $ 14 | $ 3 | |||||||||||||
NPM Adjustment Items | 59 | ||||||||||||||
Non-Engle Progeny Smoking and Health Case, Schwarz [Member] | |||||||||||||||
Segment Reporting Information [Line Items] | |||||||||||||||
Litigation settlement interest expense (income) | 9 | ||||||||||||||
NPM Adjustment Items | $ 25 | ||||||||||||||
Non-Engle Progeny Smoking and Health Case, Schwarz [Member] | Philip Morris USA [Member] | |||||||||||||||
Segment Reporting Information [Line Items] | |||||||||||||||
NPM Adjustment Items | $ 0.5 | ||||||||||||||
Provision related to litigation recorded | $ 34 | ||||||||||||||
Engle Progeny Cases, Federal [Member] | Philip Morris USA [Member] | |||||||||||||||
Segment Reporting Information [Line Items] | |||||||||||||||
Number of claims resolved | case | 415 | 415 | |||||||||||||
NPM Adjustment Items | $ 43 | ||||||||||||||
Provision related to litigation recorded | $ 43 | ||||||||||||||
Engle Progeny Cases, Federal [Member] | Philip Morris USA [Member] | Marketing, Adminstration and Research Costs [Member] | |||||||||||||||
Segment Reporting Information [Line Items] | |||||||||||||||
Provision related to litigation recorded | $ 43 | ||||||||||||||
Sales Revenue, Net [Member] | Credit Concentration Risk [Member] | McLane Company Inc [Member] | |||||||||||||||
Segment Reporting Information [Line Items] | |||||||||||||||
Contribution of net revenues by major customer percentage | 26.00% | 27.00% | 27.00% | ||||||||||||
Sales Revenue, Net [Member] | Credit Concentration Risk [Member] | Core-Mark Holding Company, Inc. [Member] | |||||||||||||||
Segment Reporting Information [Line Items] | |||||||||||||||
Contribution of net revenues by major customer percentage | 10.00% | ||||||||||||||
Smokeable Products [Member] | Philip Morris USA [Member] | Manufacturing Optimization Plan [Member] | |||||||||||||||
Segment Reporting Information [Line Items] | |||||||||||||||
Proceeds from sale of facility | $ 66 | ||||||||||||||
Asset impairment and exit costs | (10) | ||||||||||||||
Smokeable Products [Member] | Operating Segments [Member] | |||||||||||||||
Segment Reporting Information [Line Items] | |||||||||||||||
Net revenue | $ 22,792 | 21,939 | $ 21,868 | ||||||||||||
Smokeable Products [Member] | Operating Segments [Member] | Cigarettes [Member] | |||||||||||||||
Segment Reporting Information [Line Items] | |||||||||||||||
Net revenue | 22,193 | 21,363 | 21,308 | ||||||||||||
Smokeable Products [Member] | Operating Segments [Member] | Cigars [Member] | |||||||||||||||
Segment Reporting Information [Line Items] | |||||||||||||||
Net revenue | $ 599 | $ 576 | $ 560 | ||||||||||||
Wine [Member] | |||||||||||||||
Segment Reporting Information [Line Items] | |||||||||||||||
Number of distributors comprising net revenue | 3 | 3 | 3 | ||||||||||||
Wine [Member] | Sales Revenue, Net [Member] | Credit Concentration Risk [Member] | |||||||||||||||
Segment Reporting Information [Line Items] | |||||||||||||||
Contribution of net revenues by major customer percentage | 66.00% | 67.00% | 66.00% | ||||||||||||
Wine [Member] | Operating Segments [Member] | |||||||||||||||
Segment Reporting Information [Line Items] | |||||||||||||||
Net revenue | $ 692 | $ 643 | $ 609 |
Segment Reporting (Schedule of
Segment Reporting (Schedule of Depreciation Expense and Capital Expenditures of Segments) (Details) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | |
Segment Reporting Information [Line Items] | |||
Depreciation expense | $ 204 | $ 188 | $ 192 |
Capital expenditures | 229 | 163 | 131 |
Operating Segments [Member] | Smokeable Products [Member] | |||
Segment Reporting Information [Line Items] | |||
Depreciation expense | 117 | 112 | 113 |
Capital expenditures | 56 | 49 | 39 |
Operating Segments [Member] | Smokeless Products [Member] | |||
Segment Reporting Information [Line Items] | |||
Depreciation expense | 27 | 22 | 25 |
Capital expenditures | 113 | 40 | 32 |
Operating Segments [Member] | Wine [Member] | |||
Segment Reporting Information [Line Items] | |||
Depreciation expense | 32 | 30 | 30 |
Capital expenditures | 42 | 46 | 42 |
Corporate, Non-Segment [Member] | |||
Segment Reporting Information [Line Items] | |||
Depreciation expense | 28 | 24 | 24 |
Capital expenditures | $ 18 | $ 28 | $ 18 |
Segment Reporting (Schedule o84
Segment Reporting (Schedule of NPM Adjustment Items) (Details) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | |
NPM Adjustment Items [Line Items] | |||
NPM Adjustment Items | $ 84 | $ 90 | $ 664 |
Interest and other debt expense, net | (13) | 47 | 0 |
Operating Segments [Member] | Operating Income (Loss) [Member] | Smokeable Products [Member] | Philip Morris USA [Member] | NPM Adjustment to Cost Of Sales [Member] | Non-Participating Manufacturer Arbitration Panel Decision [Member] | |||
NPM Adjustment Items [Line Items] | |||
NPM Adjustment Items | 97 | 43 | 664 |
Segment Reconciling Items [Member] | Interest And Other Debt Expense, Net [Member] | Smokeable Products [Member] | Philip Morris USA [Member] | Non-Participating Manufacturer Arbitration Panel Decision [Member] | |||
NPM Adjustment Items [Line Items] | |||
Interest and other debt expense, net | $ (13) | $ 47 | $ 0 |
Segment Reporting (Schedule o85
Segment Reporting (Schedule of Pre-tax Tobacco and Health Litigation Charges) (Details) - Tobacco and Health Litigation Cases [Member] - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | |
Schedule of Pre-tax Tobacco and Health Litigation Charges [Line Items] | |||
Provision related to litigation recorded | $ 150 | $ 44 | $ 22 |
Operating Income (Loss) [Member] | Operating Segments [Member] | Smokeable Products [Member] | |||
Schedule of Pre-tax Tobacco and Health Litigation Charges [Line Items] | |||
Provision related to litigation recorded | 127 | 27 | 18 |
General and Administrative Expense [Member] | Corporate, Non-Segment [Member] | |||
Schedule of Pre-tax Tobacco and Health Litigation Charges [Line Items] | |||
Provision related to litigation recorded | 0 | 15 | 0 |
Interest And Other Debt Expense, Net [Member] | Segment Reconciling Items [Member] | Interest Expense [Member] | |||
Schedule of Pre-tax Tobacco and Health Litigation Charges [Line Items] | |||
Provision related to litigation recorded | $ 23 | $ 2 | $ 4 |
Benefit Plans (Projected Benefi
Benefit Plans (Projected Benefit Obligations, Plan Assets and Funded Status of Pension Plans) (Details) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | |
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward] | |||
Fair value of plan assets at beginning of year | $ 7,297 | ||
Fair value of plan assets at end of year | 6,706 | $ 7,297 | |
Accrued pension costs | (1,277) | (1,012) | |
Accrued postretirement health care costs | (2,245) | (2,461) | |
Pension [Member] | |||
Defined Benefit Plan, Change in Benefit Obligation [Roll Forward] | |||
Benefit obligation at beginning of year | 8,330 | 7,137 | |
Service cost | 86 | 68 | $ 86 |
Interest cost | 337 | 345 | 314 |
Benefits paid | (431) | (410) | |
Actuarial losses/(gains) | (317) | 1,190 | |
Other | 6 | 0 | |
Benefit obligation at end of year | 8,011 | 8,330 | 7,137 |
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward] | |||
Fair value of plan assets at beginning of year | 7,297 | 7,077 | |
Actual return on plan assets | (188) | 615 | |
Employer contributions | 28 | 15 | |
Benefits paid | (431) | (410) | |
Fair value of plan assets at end of year | 6,706 | 7,297 | 7,077 |
Net pension liability recognized at December 31 | (1,305) | (1,033) | |
Other accrued liabilities | (28) | (21) | |
Accrued pension costs | (1,277) | (1,012) | |
Accrued postretirement health care costs | 0 | 0 | |
Postretirement Benefit Plan [Member] | |||
Defined Benefit Plan, Change in Benefit Obligation [Roll Forward] | |||
Benefit obligation at beginning of year | 2,613 | 2,317 | |
Service cost | 18 | 15 | 18 |
Interest cost | 100 | 107 | 99 |
Benefits paid | (141) | (132) | |
Actuarial losses/(gains) | (192) | 306 | |
Other | (6) | 0 | |
Benefit obligation at end of year | 2,392 | 2,613 | $ 2,317 |
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward] | |||
Benefits paid | (141) | (132) | |
Net pension liability recognized at December 31 | (2,392) | (2,613) | |
Other accrued liabilities | (147) | (152) | |
Accrued pension costs | 0 | 0 | |
Accrued postretirement health care costs | $ (2,245) | $ (2,461) |
Benefit Plans (Narrative) (Deta
Benefit Plans (Narrative) (Details) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | |
Defined Benefit Plan Disclosure [Line Items] | |||
Amounts charged to expense for defined contribution plans | $ 85 | $ 82 | $ 80 |
Emerging Markets [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Composition of plan assets | 2.00% | ||
Below grade investments [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Composition of plan assets | 8.00% | ||
Equity Securities [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Plan assets, target allocation percentage | 55.00% | ||
Composition of plan assets | 56.00% | ||
Equity Securities [Member] | Emerging Markets [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Composition of plan assets | 4.00% | ||
Fixed Income Securities [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Plan assets, target allocation percentage | 45.00% | ||
Fixed Income Securities [Member] | Below grade investments [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Composition of plan assets | 18.00% | ||
Corporate Bond Securities [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Composition of plan assets | 32.00% | ||
US Treasury And Foreign Government Securities [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Composition of plan assets | 8.00% | ||
All other Investments [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Composition of plan assets | 4.00% | ||
Pension [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Accumulated benefit obligation | $ 7,700 | $ 7,900 | |
Pension [Member] | Minimum [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Employer contribution to its pension plan | 30 | ||
Pension [Member] | Maximum [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Employer contribution to its pension plan | 75 | ||
Pension [Member] | Change in Assumptions for Pension Plans [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Increase in pre-tax postretirement net periodic benefit cost | 60 | ||
Postretirement Benefit Plan [Member] | Change in Assumptions for Pension Plans [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Increase in pre-tax postretirement net periodic benefit cost | $ 10 |
Benefit Plans (Weighted-Average
Benefit Plans (Weighted-Average Assumptions used to Determine Benefit Obligations) (Details) - Pension [Member] | Dec. 31, 2015 | Dec. 31, 2014 |
Defined Benefit Plan Disclosure [Line Items] | ||
Discount rate | 4.40% | 4.10% |
Rate of compensation increase | 4.00% | 4.00% |
Benefit Plans (Weighted-Avera89
Benefit Plans (Weighted-Average Assumptions to Determine Net Postretirement Cost) (Details) - Postretirement Benefit Plan [Member] | 12 Months Ended | |
Dec. 31, 2015 | Dec. 31, 2014 | |
Defined Benefit Plan Disclosure [Line Items] | ||
Discount rate | 4.40% | 4.00% |
Health care cost trend rate | 6.50% | 7.00% |
Ultimate trend rate | 5.00% | 5.00% |
Year that the rate reaches the ultimate trend rate | 2,019 | 2,019 |
Benefit Plans (Schedule of Comp
Benefit Plans (Schedule of Components of Net Periodic Pension Cost) (Details) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | |
Pension [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Service cost | $ 86 | $ 68 | $ 86 |
Interest cost | 337 | 345 | 314 |
Expected return on plan assets | (539) | (518) | (493) |
Amortization of net loss | 234 | 147 | 271 |
Amortization of prior service cost (credit) | 7 | 10 | 10 |
Termination and settlement | 8 | 0 | 7 |
Net periodic benefit costs | 133 | 52 | 195 |
Postretirement Benefit Plan [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Service cost | 18 | 15 | 18 |
Interest cost | 100 | 107 | 99 |
Expected return on plan assets | 0 | 0 | 0 |
Amortization of net loss | 43 | 22 | 51 |
Amortization of prior service cost (credit) | (39) | (43) | (45) |
Termination and settlement | 0 | 0 | 0 |
Net periodic benefit costs | $ 122 | $ 101 | $ 123 |
Benefit Plans (Termination, Set
Benefit Plans (Termination, Settlement and Curtailment Changes for Pension Plans) (Details) - Pension [Member] - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | |
Defined Benefit Plan Disclosure [Line Items] | |||
Benefit obligation | $ 0 | $ 1 | |
Net loss | 8 | 6 | |
Termination and settlement | $ 8 | $ 0 | $ 7 |
Benefit Plans (Estimated Net Lo
Benefit Plans (Estimated Net Loss and Prior Service Cost (Credit) Expected to be Amortized in 2016) (Details) $ in Millions | 12 Months Ended |
Dec. 31, 2015USD ($) | |
Postretirement Benefit Plan [Member] | |
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] | |
Estimated future net loss | $ 30 |
Estimate future prior service cost (credit) | (40) |
Pension [Member] | |
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] | |
Estimated future net loss | 183 |
Estimate future prior service cost (credit) | $ 5 |
Benefit Plans (Weighted-Avera93
Benefit Plans (Weighted-Average Assumptions used to Determine Net Pension Cost) (Details) | 12 Months Ended | ||
Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | |
Pension [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Discount rate | 4.10% | 4.90% | 4.00% |
Expected rate of return on plan assets | 8.00% | 8.00% | 8.00% |
Rate of compensation increase | 4.00% | 4.00% | 4.00% |
Health care cost trend rate | 0.00% | 0.00% | 0.00% |
Postretirement Benefit Plan [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Discount rate | 4.00% | 4.80% | 3.90% |
Expected rate of return on plan assets | 0.00% | 0.00% | 0.00% |
Rate of compensation increase | 0.00% | 0.00% | 0.00% |
Health care cost trend rate | 7.00% | 7.00% | 7.50% |
Benefit Plans (Effects of One-P
Benefit Plans (Effects of One-Percentage-Point Change in Assumed Health Care Cost Trend Rates) (Details) - Postretirement Benefit Plan [Member] | 12 Months Ended |
Dec. 31, 2015 | |
Defined Benefit Plan Disclosure [Line Items] | |
Effect on total of service and interest cost, One-Percentage-Point Increase | 6.80% |
Effect on total of service and interest cost, One-Percentage-Point Decrease | (5.80%) |
Effect on postretirement benefit obligation, One-Percentage-Point Increase | 7.50% |
Effect on postretirement benefit obligation, One-Percentage-Point Decrease | (6.10%) |
Benefit Plans (Fair Values of P
Benefit Plans (Fair Values of Pension Plan Assets) (Details) - USD ($) $ in Millions | Dec. 31, 2015 | Dec. 31, 2014 |
Defined Benefit Plan Disclosure [Line Items] | ||
Investments at fair value | $ 6,706 | $ 7,297 |
Common/Collective Trusts [Member] | U.S. large cap [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Investments at fair value | 1,762 | 1,870 |
Common/Collective Trusts [Member] | U.S. small cap [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Investments at fair value | 360 | 442 |
Common/Collective Trusts [Member] | International developed markets [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Investments at fair value | 78 | 79 |
U.S. And Foreign Government Securities Or Their Agencies [Member] | U.S. government and agencies [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Investments at fair value | 331 | 296 |
U.S. And Foreign Government Securities Or Their Agencies [Member] | U.S. municipal bonds [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Investments at fair value | 102 | 124 |
U.S. And Foreign Government Securities Or Their Agencies [Member] | Foreign government and agencies [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Investments at fair value | 252 | 281 |
Corporate Debt Instruments [Member] | Above investment grade [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Investments at fair value | 1,660 | 1,765 |
Corporate Debt Instruments [Member] | Below grade investments [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Investments at fair value | 502 | 527 |
Common Stock [Member] | International equities [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Investments at fair value | 909 | 1,001 |
Common Stock [Member] | U.S. equities [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Investments at fair value | 605 | 556 |
Registered Investment Companies [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Investments at fair value | 58 | 176 |
Other, Net [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Investments at fair value | 87 | 180 |
Level 1 [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Investments at fair value | 1,586 | 1,693 |
Level 1 [Member] | Common/Collective Trusts [Member] | U.S. large cap [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Investments at fair value | 0 | 0 |
Level 1 [Member] | Common/Collective Trusts [Member] | U.S. small cap [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Investments at fair value | 0 | 0 |
Level 1 [Member] | Common/Collective Trusts [Member] | International developed markets [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Investments at fair value | 0 | 0 |
Level 1 [Member] | U.S. And Foreign Government Securities Or Their Agencies [Member] | U.S. government and agencies [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Investments at fair value | 0 | 0 |
Level 1 [Member] | U.S. And Foreign Government Securities Or Their Agencies [Member] | U.S. municipal bonds [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Investments at fair value | 0 | 0 |
Level 1 [Member] | U.S. And Foreign Government Securities Or Their Agencies [Member] | Foreign government and agencies [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Investments at fair value | 0 | 0 |
Level 1 [Member] | Corporate Debt Instruments [Member] | Above investment grade [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Investments at fair value | 0 | 0 |
Level 1 [Member] | Corporate Debt Instruments [Member] | Below grade investments [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Investments at fair value | 0 | 0 |
Level 1 [Member] | Common Stock [Member] | International equities [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Investments at fair value | 907 | 1,000 |
Level 1 [Member] | Common Stock [Member] | U.S. equities [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Investments at fair value | 605 | 556 |
Level 1 [Member] | Registered Investment Companies [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Investments at fair value | 58 | 63 |
Level 1 [Member] | Other, Net [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Investments at fair value | 16 | 74 |
Level 2 [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Investments at fair value | 5,105 | 5,588 |
Level 2 [Member] | Common/Collective Trusts [Member] | U.S. large cap [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Investments at fair value | 1,762 | 1,870 |
Level 2 [Member] | Common/Collective Trusts [Member] | U.S. small cap [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Investments at fair value | 360 | 442 |
Level 2 [Member] | Common/Collective Trusts [Member] | International developed markets [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Investments at fair value | 78 | 79 |
Level 2 [Member] | U.S. And Foreign Government Securities Or Their Agencies [Member] | U.S. government and agencies [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Investments at fair value | 331 | 296 |
Level 2 [Member] | U.S. And Foreign Government Securities Or Their Agencies [Member] | U.S. municipal bonds [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Investments at fair value | 102 | 124 |
Level 2 [Member] | U.S. And Foreign Government Securities Or Their Agencies [Member] | Foreign government and agencies [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Investments at fair value | 252 | 281 |
Level 2 [Member] | Corporate Debt Instruments [Member] | Above investment grade [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Investments at fair value | 1,660 | 1,765 |
Level 2 [Member] | Corporate Debt Instruments [Member] | Below grade investments [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Investments at fair value | 502 | 527 |
Level 2 [Member] | Common Stock [Member] | International equities [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Investments at fair value | 0 | 0 |
Level 2 [Member] | Common Stock [Member] | U.S. equities [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Investments at fair value | 0 | 0 |
Level 2 [Member] | Registered Investment Companies [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Investments at fair value | 0 | 113 |
Level 2 [Member] | Other, Net [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Investments at fair value | 58 | 91 |
Level 3 [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Investments at fair value | 15 | 16 |
Level 3 [Member] | Common/Collective Trusts [Member] | U.S. large cap [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Investments at fair value | 0 | 0 |
Level 3 [Member] | Common/Collective Trusts [Member] | U.S. small cap [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Investments at fair value | 0 | 0 |
Level 3 [Member] | Common/Collective Trusts [Member] | International developed markets [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Investments at fair value | 0 | 0 |
Level 3 [Member] | U.S. And Foreign Government Securities Or Their Agencies [Member] | U.S. government and agencies [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Investments at fair value | 0 | 0 |
Level 3 [Member] | U.S. And Foreign Government Securities Or Their Agencies [Member] | U.S. municipal bonds [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Investments at fair value | 0 | 0 |
Level 3 [Member] | U.S. And Foreign Government Securities Or Their Agencies [Member] | Foreign government and agencies [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Investments at fair value | 0 | 0 |
Level 3 [Member] | Corporate Debt Instruments [Member] | Above investment grade [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Investments at fair value | 0 | 0 |
Level 3 [Member] | Corporate Debt Instruments [Member] | Below grade investments [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Investments at fair value | 0 | 0 |
Level 3 [Member] | Common Stock [Member] | International equities [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Investments at fair value | 2 | 1 |
Level 3 [Member] | Common Stock [Member] | U.S. equities [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Investments at fair value | 0 | 0 |
Level 3 [Member] | Registered Investment Companies [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Investments at fair value | 0 | 0 |
Level 3 [Member] | Other, Net [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Investments at fair value | $ 13 | $ 15 |
Benefit Plans (Estimated Future
Benefit Plans (Estimated Future Benefit Payments from Pension Plans) (Details) $ in Millions | Dec. 31, 2015USD ($) |
Pension [Member] | |
Defined Benefit Plan Disclosure [Line Items] | |
2,016 | $ 436 |
2,017 | 440 |
2,018 | 442 |
2,019 | 437 |
2,020 | 446 |
2021-2025 | 2,348 |
Postretirement Benefit Plan [Member] | |
Defined Benefit Plan Disclosure [Line Items] | |
2,016 | 147 |
2,017 | 149 |
2,018 | 149 |
2,019 | 148 |
2,020 | 144 |
2021-2025 | $ 686 |
Benefit Plans (Amounts Recorded
Benefit Plans (Amounts Recorded in Accumulated Other Comprehensive Losses) (Details) - USD ($) $ in Millions | 12 Months Ended | |||
Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | |
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] | ||||
Accumulated other comprehensive losses | $ (3,280) | $ (2,682) | $ (1,378) | $ (2,040) |
Accumulated Defined Benefit Plans Adjustment [Member] | ||||
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] | ||||
Accumulated other comprehensive losses | (2,010) | (2,040) | $ (1,273) | $ (2,414) |
Accumulated Defined Benefit Plans Adjustment, Net Unamortized Gain (Loss) [Member] | ||||
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] | ||||
Net loss | (3,501) | (3,582) | ||
Accumulated Defined Benefit Plans Adjustment, Net Prior Service Cost (Credit) [Member] | ||||
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] | ||||
Prior service (cost) credit | 209 | 241 | ||
Accumulated Defined Benefit Plans Adjustment, Net Deferred Tax Impact [Member] | ||||
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] | ||||
Deferred income taxes | 1,282 | 1,301 | ||
Pension [Member] | Accumulated Defined Benefit Plans Adjustment [Member] | ||||
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] | ||||
Accumulated other comprehensive losses | (1,726) | (1,623) | ||
Pension [Member] | Accumulated Defined Benefit Plans Adjustment, Net Unamortized Gain (Loss) [Member] | ||||
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] | ||||
Net loss | (2,805) | (2,637) | ||
Pension [Member] | Accumulated Defined Benefit Plans Adjustment, Net Prior Service Cost (Credit) [Member] | ||||
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] | ||||
Prior service (cost) credit | (22) | (23) | ||
Pension [Member] | Accumulated Defined Benefit Plans Adjustment, Net Deferred Tax Impact [Member] | ||||
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] | ||||
Deferred income taxes | 1,101 | 1,037 | ||
Postretirement Benefit Plan [Member] | Accumulated Defined Benefit Plans Adjustment [Member] | ||||
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] | ||||
Accumulated other comprehensive losses | (216) | (341) | ||
Postretirement Benefit Plan [Member] | Accumulated Defined Benefit Plans Adjustment, Net Unamortized Gain (Loss) [Member] | ||||
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] | ||||
Net loss | (588) | (823) | ||
Postretirement Benefit Plan [Member] | Accumulated Defined Benefit Plans Adjustment, Net Prior Service Cost (Credit) [Member] | ||||
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] | ||||
Prior service (cost) credit | 231 | 264 | ||
Postretirement Benefit Plan [Member] | Accumulated Defined Benefit Plans Adjustment, Net Deferred Tax Impact [Member] | ||||
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] | ||||
Deferred income taxes | 141 | 218 | ||
Postemployment Benefit Plans [Member] | Accumulated Defined Benefit Plans Adjustment [Member] | ||||
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] | ||||
Accumulated other comprehensive losses | (68) | (76) | ||
Postemployment Benefit Plans [Member] | Accumulated Defined Benefit Plans Adjustment, Net Unamortized Gain (Loss) [Member] | ||||
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] | ||||
Net loss | (108) | (122) | ||
Postemployment Benefit Plans [Member] | Accumulated Defined Benefit Plans Adjustment, Net Prior Service Cost (Credit) [Member] | ||||
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] | ||||
Prior service (cost) credit | 0 | 0 | ||
Postemployment Benefit Plans [Member] | Accumulated Defined Benefit Plans Adjustment, Net Deferred Tax Impact [Member] | ||||
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] | ||||
Deferred income taxes | $ 40 | $ 46 |
Benefit Plans (Movements in Oth
Benefit Plans (Movements in Other Comprehensive Earnings/Losses) (Details) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | |
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] | |||
Net loss | $ 296 | $ 187 | $ 340 |
Prior service cost/credit | (32) | (33) | (35) |
Net loss, other expense (income) | 8 | 6 | |
Deferred income taxes | (105) | (60) | (120) |
Amounts reclassified to net earnings as components of net periodic benefit cost | 167 | 94 | 191 |
Net loss, Other movements during the year | (223) | (1,411) | 1,568 |
Prior service cost/credit, Other movements during the year | 0 | (9) | |
Deferred income taxes, Other movements during the year | 86 | 550 | (609) |
Other Comprehensive (Income) Loss, Pension and Other Postretirement Benefit Plans, Adjustment, before Reclassification Adjustments, Net of Tax | (137) | (861) | 950 |
Total movements in other comprehensive earnings/losses | 30 | (767) | 1,141 |
Pension [Member] | |||
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] | |||
Net loss | 234 | 147 | 271 |
Prior service cost/credit | 7 | 10 | 10 |
Net loss, other expense (income) | 8 | 6 | |
Deferred income taxes | (96) | (61) | (111) |
Amounts reclassified to net earnings as components of net periodic benefit cost | 153 | 96 | 176 |
Net loss, Other movements during the year | (410) | (1,093) | 1,218 |
Prior service cost/credit, Other movements during the year | (6) | (7) | |
Deferred income taxes, Other movements during the year | 160 | 425 | (470) |
Other Comprehensive (Income) Loss, Pension and Other Postretirement Benefit Plans, Adjustment, before Reclassification Adjustments, Net of Tax | (256) | (668) | 741 |
Total movements in other comprehensive earnings/losses | (103) | (572) | 917 |
Postretirement Benefit Plan [Member] | |||
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] | |||
Net loss | 43 | 22 | 51 |
Prior service cost/credit | (39) | (43) | (45) |
Net loss, other expense (income) | 0 | 0 | |
Deferred income taxes | (2) | 8 | (2) |
Amounts reclassified to net earnings as components of net periodic benefit cost | 2 | (13) | 4 |
Net loss, Other movements during the year | 192 | (306) | 327 |
Prior service cost/credit, Other movements during the year | 6 | (2) | |
Deferred income taxes, Other movements during the year | (75) | 120 | (129) |
Other Comprehensive (Income) Loss, Pension and Other Postretirement Benefit Plans, Adjustment, before Reclassification Adjustments, Net of Tax | 123 | (186) | 196 |
Total movements in other comprehensive earnings/losses | 125 | (199) | 200 |
Postemployment Benefit Plans [Member] | |||
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] | |||
Net loss | 19 | 18 | 18 |
Prior service cost/credit | 0 | 0 | 0 |
Net loss, other expense (income) | 0 | 0 | |
Deferred income taxes | (7) | (7) | (7) |
Amounts reclassified to net earnings as components of net periodic benefit cost | 12 | 11 | 11 |
Net loss, Other movements during the year | (5) | (12) | 23 |
Prior service cost/credit, Other movements during the year | 0 | 0 | |
Deferred income taxes, Other movements during the year | 1 | 5 | (10) |
Other Comprehensive (Income) Loss, Pension and Other Postretirement Benefit Plans, Adjustment, before Reclassification Adjustments, Net of Tax | (4) | (7) | 13 |
Total movements in other comprehensive earnings/losses | $ 8 | $ 4 | $ 24 |
Additional Information (Schedul
Additional Information (Schedule of Additional Information) (Details) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |||
Research and development expense | $ 186 | $ 167 | $ 153 |
Advertising expense | 25 | 30 | 7 |
Interest expense | 808 | 857 | 1,053 |
Interest income | (4) | (2) | (4) |
Interest related to NPM adjustment items | 13 | (47) | 0 |
Interest expense (income), net | 817 | 808 | 1,049 |
Rent expense | $ 48 | $ 52 | $ 49 |
Additional Information (Sche100
Additional Information (Schedule of Rental Commitments and Sublease Income Under Non-Cancelable Operating Leases) (Details) $ in Millions | Dec. 31, 2015USD ($) |
Rental Commitments | |
2,016 | $ 58 |
2,017 | 52 |
2,018 | 45 |
2,019 | 32 |
2,020 | 28 |
Thereafter | 94 |
Total | 309 |
Sublease Income | |
2,016 | 6 |
2,017 | 5 |
2,018 | 5 |
2,019 | 5 |
2,020 | 5 |
Thereafter | 23 |
Total | $ 49 |
Additional Information Schedule
Additional Information Schedule of Valuation and Qualifying Accounts (Details) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | |
Allowance For Discounts [Member] | |||
Movement in Valuation Allowances and Reserves [Roll Forward] | |||
Balance at beginning of year | $ 0 | $ 0 | $ 0 |
Charged to costs and expenses | 618 | 599 | 610 |
Deductions | (618) | (599) | (610) |
Balance at end of year | 0 | 0 | 0 |
Allowance For Returned Goods [Member] | |||
Movement in Valuation Allowances and Reserves [Roll Forward] | |||
Balance at beginning of year | 46 | 41 | 42 |
Charged to costs and expenses | 217 | 179 | 150 |
Deductions | (195) | (174) | (151) |
Balance at end of year | $ 68 | $ 46 | $ 41 |
Contingencies (General Informat
Contingencies (General Information Narrative) (Details) | Dec. 31, 2015state |
Commitments and Contingencies Disclosure [Abstract] | |
Number of states that cap or do not require bond | 47 |
Contingencies (Schedule Of Pend
Contingencies (Schedule Of Pending Cases) (Details) | 12 Months Ended | ||
Dec. 31, 2015casetrialplantiff | Dec. 31, 2014case | Dec. 31, 2013case | |
Individual Smoking And Health Cases [Member] | |||
Loss Contingencies [Line Items] | |||
Number of cases pending | 65 | 67 | 67 |
Smoking And Health Class Actions And Aggregated Claims Litigation [Member] | |||
Loss Contingencies [Line Items] | |||
Number of cases pending | 5 | 5 | 6 |
Health Care Cost Recovery Actions [Member] | |||
Loss Contingencies [Line Items] | |||
Number of cases pending | 1 | 1 | 1 |
Lights Ultra Lights Class Actions [Member] | |||
Loss Contingencies [Line Items] | |||
Number of cases pending | 11 | 12 | 15 |
ETS Smoking and Health Case, Flight Attendants [Member] | |||
Loss Contingencies [Line Items] | |||
Cases excluded | 2,499 | ||
WEST VIRGINIA | Pending Litigation [Member] | Smoking And Health Class Actions And Aggregated Claims Litigation [Member] | |||
Loss Contingencies [Line Items] | |||
Number of civil actions | 600 | ||
Number of plaintiffs | plantiff | 30 | ||
Number of consolidated trials | trial | 6 | ||
Number of plaintiffs per group | plantiff | 5 | ||
WEST VIRGINIA | Philip Morris USA [Member] | Pending Litigation [Member] | Smoking And Health Class Actions And Aggregated Claims Litigation [Member] | |||
Loss Contingencies [Line Items] | |||
Number of civil actions | 344 |
Contingencies (Overview of Altr
Contingencies (Overview of Altria Group, Inc. and/or PM USA Tobacco-Related Litigation Narrative) (Details) $ in Millions | Jan. 26, 2016case | Mar. 31, 2015USD ($) | Feb. 28, 2015case | May. 31, 2001USD ($) | Dec. 31, 2015USD ($)case | Dec. 31, 2014USD ($)case | Dec. 31, 2013USD ($)case | Dec. 31, 2015USD ($)case | Dec. 31, 2015USD ($)case | Dec. 31, 2015USD ($)case |
Loss Contingencies [Line Items] | ||||||||||
Litigation settlement interest expense (income) | $ | $ 13 | $ (47) | $ 0 | |||||||
Health Care Cost Recovery Actions [Member] | ||||||||||
Loss Contingencies [Line Items] | ||||||||||
Number of cases pending | 1 | 1 | 1 | 1 | 1 | 1 | ||||
Smoking And Health Class Actions And Aggregated Claims Litigation [Member] | ||||||||||
Loss Contingencies [Line Items] | ||||||||||
Number of cases pending | 5 | 5 | 6 | 5 | 5 | 5 | ||||
Engle Progeny Cases [Member] | ||||||||||
Loss Contingencies [Line Items] | ||||||||||
Judgments paid | $ | $ 22 | |||||||||
Litigation settlement interest expense (income) | $ | $ 14 | $ 3 | ||||||||
Individual Smoking And Health Cases [Member] | ||||||||||
Loss Contingencies [Line Items] | ||||||||||
Number of cases pending | 65 | 67 | 67 | 65 | 65 | 65 | ||||
Lights Ultra Lights Class Actions [Member] | ||||||||||
Loss Contingencies [Line Items] | ||||||||||
Number of cases pending | 11 | 12 | 15 | 11 | 11 | 11 | ||||
Tobacco and Health Judgment [Member] | ||||||||||
Loss Contingencies [Line Items] | ||||||||||
Judgments paid | $ | $ 323 | |||||||||
Litigation settlement interest expense (income) | $ | 144 | |||||||||
Philip Morris USA [Member] | Health Care Cost Recovery Actions [Member] | ||||||||||
Loss Contingencies [Line Items] | ||||||||||
Number of claims dismissed | 1 | |||||||||
Philip Morris USA [Member] | Smoking And Health Class Actions And Aggregated Claims Litigation [Member] | ||||||||||
Loss Contingencies [Line Items] | ||||||||||
Number of claims dismissed | 60 | |||||||||
Philip Morris USA [Member] | Engle Progeny Cases [Member] | ||||||||||
Loss Contingencies [Line Items] | ||||||||||
Amounts placed in escrow | $ | $ 500 | |||||||||
Philip Morris USA [Member] | Engle Progeny Cases, Federal [Member] | ||||||||||
Loss Contingencies [Line Items] | ||||||||||
Number of claims resolved | 415 | 415 | ||||||||
Amounts placed in escrow | $ | $ 43 | $ 43 | ||||||||
Philip Morris USA [Member] | Non Engle Progeny Cases [Member] | ||||||||||
Loss Contingencies [Line Items] | ||||||||||
Number of verdicts returned | 57 | |||||||||
Number of favorable verdicts | 38 | |||||||||
Number of unfavorable verdicts | 19 | |||||||||
Number of claims resolved | 15 | |||||||||
Philip Morris USA [Member] | ALASKA | Non Engle Progeny Cases [Member] | ||||||||||
Loss Contingencies [Line Items] | ||||||||||
Number of favorable verdicts | 1 | |||||||||
Philip Morris USA [Member] | CALIFORNIA | Smoking And Health Class Actions And Aggregated Claims Litigation [Member] | ||||||||||
Loss Contingencies [Line Items] | ||||||||||
Number of claims dismissed | 1 | |||||||||
Philip Morris USA [Member] | CALIFORNIA | Non Engle Progeny Cases [Member] | ||||||||||
Loss Contingencies [Line Items] | ||||||||||
Number of favorable verdicts | 7 | |||||||||
Philip Morris USA [Member] | FLORIDA | Smoking And Health Class Actions And Aggregated Claims Litigation [Member] | ||||||||||
Loss Contingencies [Line Items] | ||||||||||
Number of claims dismissed | 2 | |||||||||
Philip Morris USA [Member] | FLORIDA | Non Engle Progeny Cases [Member] | ||||||||||
Loss Contingencies [Line Items] | ||||||||||
Number of favorable verdicts | 10 | |||||||||
Number cases with granted new trial | 1 | 1 | 1 | 1 | ||||||
Philip Morris USA [Member] | LOUISIANA | Smoking And Health Class Actions And Aggregated Claims Litigation [Member] | ||||||||||
Loss Contingencies [Line Items] | ||||||||||
Number of claims dismissed | 1 | |||||||||
Philip Morris USA [Member] | LOUISIANA | Non Engle Progeny Cases [Member] | ||||||||||
Loss Contingencies [Line Items] | ||||||||||
Number of favorable verdicts | 1 | |||||||||
Philip Morris USA [Member] | MASSACHUSETTS | Non Engle Progeny Cases [Member] | ||||||||||
Loss Contingencies [Line Items] | ||||||||||
Number of favorable verdicts | 1 | |||||||||
Philip Morris USA [Member] | MISSISSIPPI | Non Engle Progeny Cases [Member] | ||||||||||
Loss Contingencies [Line Items] | ||||||||||
Number of favorable verdicts | 1 | |||||||||
Philip Morris USA [Member] | MISSOURI | Non Engle Progeny Cases [Member] | ||||||||||
Loss Contingencies [Line Items] | ||||||||||
Number of favorable verdicts | 3 | |||||||||
Philip Morris USA [Member] | NEW HAMPSHIRE | Non Engle Progeny Cases [Member] | ||||||||||
Loss Contingencies [Line Items] | ||||||||||
Number of favorable verdicts | 1 | |||||||||
Philip Morris USA [Member] | NEW JERSEY | Smoking And Health Class Actions And Aggregated Claims Litigation [Member] | ||||||||||
Loss Contingencies [Line Items] | ||||||||||
Number of claims dismissed | 6 | |||||||||
Philip Morris USA [Member] | NEW JERSEY | Non Engle Progeny Cases [Member] | ||||||||||
Loss Contingencies [Line Items] | ||||||||||
Number of favorable verdicts | 1 | |||||||||
Philip Morris USA [Member] | NEW YORK | Smoking And Health Class Actions And Aggregated Claims Litigation [Member] | ||||||||||
Loss Contingencies [Line Items] | ||||||||||
Number of claims dismissed | 2 | |||||||||
Philip Morris USA [Member] | NEW YORK | Non Engle Progeny Cases [Member] | ||||||||||
Loss Contingencies [Line Items] | ||||||||||
Number of favorable verdicts | 5 | |||||||||
Philip Morris USA [Member] | OHIO | Smoking And Health Class Actions And Aggregated Claims Litigation [Member] | ||||||||||
Loss Contingencies [Line Items] | ||||||||||
Number of claims dismissed | 1 | |||||||||
Philip Morris USA [Member] | OHIO | Non Engle Progeny Cases [Member] | ||||||||||
Loss Contingencies [Line Items] | ||||||||||
Number of favorable verdicts | 2 | |||||||||
Philip Morris USA [Member] | PENNSYLVANIA | Smoking And Health Class Actions And Aggregated Claims Litigation [Member] | ||||||||||
Loss Contingencies [Line Items] | ||||||||||
Number of claims dismissed | 1 | |||||||||
Philip Morris USA [Member] | PENNSYLVANIA | Non Engle Progeny Cases [Member] | ||||||||||
Loss Contingencies [Line Items] | ||||||||||
Number of favorable verdicts | 1 | |||||||||
Philip Morris USA [Member] | RHODE ISLAND | Non Engle Progeny Cases [Member] | ||||||||||
Loss Contingencies [Line Items] | ||||||||||
Number of favorable verdicts | 1 | |||||||||
Philip Morris USA [Member] | TENNESSEE | Non Engle Progeny Cases [Member] | ||||||||||
Loss Contingencies [Line Items] | ||||||||||
Number of favorable verdicts | 2 | |||||||||
Philip Morris USA [Member] | WEST VIRGINIA | Non Engle Progeny Cases [Member] | ||||||||||
Loss Contingencies [Line Items] | ||||||||||
Number of favorable verdicts | 2 | |||||||||
Subsequent Event [Member] | Lights Ultra Lights Class Actions [Member] | ||||||||||
Loss Contingencies [Line Items] | ||||||||||
Number of cases pending | 11 | |||||||||
Subsequent Event [Member] | Philip Morris USA [Member] | Engle Progeny Cases [Member] | ||||||||||
Loss Contingencies [Line Items] | ||||||||||
Number of cases pending | 2 | |||||||||
Number of cases set for trial | 5 | |||||||||
Number of verdicts returned | 92 | |||||||||
Number of favorable verdicts | 39 | |||||||||
Number of unfavorable verdicts | 51 | |||||||||
Subsequent Event [Member] | Philip Morris USA [Member] | Engle Progeny Cases, Federal [Member] | ||||||||||
Loss Contingencies [Line Items] | ||||||||||
Number of cases pending | 23 | |||||||||
Number of favorable verdicts | 9 | |||||||||
Subsequent Event [Member] | Philip Morris USA [Member] | Individual Smoking And Health Cases [Member] | ||||||||||
Loss Contingencies [Line Items] | ||||||||||
Number of cases set for trial | 0 | |||||||||
Number of cases in trial | 1 | |||||||||
Subsequent Event [Member] | Philip Morris USA [Member] | Lights Ultra Lights Class Actions [Member] | ||||||||||
Loss Contingencies [Line Items] | ||||||||||
Number of cases set for trial | 1 | |||||||||
Subsequent Event [Member] | Philip Morris USA [Member] | CANADA | Health Care Cost Recovery Actions [Member] | ||||||||||
Loss Contingencies [Line Items] | ||||||||||
Number of cases pending | 10 | |||||||||
Subsequent Event [Member] | Philip Morris USA and Altria Group [Member] | CANADA | Health Care Cost Recovery Actions [Member] | ||||||||||
Loss Contingencies [Line Items] | ||||||||||
Number of cases pending | 8 | |||||||||
Subsequent Event [Member] | Philip Morris USA and Altria Group [Member] | CANADA | Smoking And Health Class Actions And Aggregated Claims Litigation [Member] | ||||||||||
Loss Contingencies [Line Items] | ||||||||||
Number of cases pending | 7 | |||||||||
Pending Litigation [Member] | Philip Morris USA [Member] | Other Assets [Member] | ||||||||||
Loss Contingencies [Line Items] | ||||||||||
Security posted for appeal of judgments | $ | $ 77 | $ 77 | $ 77 | $ 77 |
Contingencies Contingencies (Ju
Contingencies Contingencies (Judgments Recorded and Paid) (Details) - USD ($) $ in Millions | 3 Months Ended | 12 Months Ended | |||||||||
Dec. 31, 2015 | Sep. 30, 2015 | Jun. 30, 2015 | Mar. 31, 2015 | Dec. 31, 2014 | Sep. 30, 2014 | Jun. 30, 2014 | Mar. 31, 2014 | Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | |
Loss Contingency Accrual [Roll Forward] | |||||||||||
Accrued liability for tobacco and health litigation items at beginning of period | $ 39 | $ 3 | $ 39 | $ 3 | $ 0 | ||||||
Payments | (57) | (8) | (19) | ||||||||
Accrued liability for tobacco and health litigation items at end of period | $ 132 | $ 39 | 132 | 39 | 3 | ||||||
Interest Expense Related To Litigation [Member] | |||||||||||
Loss Contingency Accrual [Roll Forward] | |||||||||||
Provision related to litigation recorded | 23 | 2 | 4 | ||||||||
Implementation of Corrective Communications [Member] | |||||||||||
Loss Contingency Accrual [Roll Forward] | |||||||||||
Provision related to litigation recorded | 0 | 31 | 0 | ||||||||
Tobacco and Health Judgment [Member] | |||||||||||
Loss Contingency Accrual [Roll Forward] | |||||||||||
Provision related to litigation recorded | $ 35 | $ 67 | $ 5 | $ 43 | $ 5 | $ 4 | $ 31 | $ 4 | |||
Tobacco and Health Judgment [Member] | Litigation Cases Results [Member] | |||||||||||
Loss Contingency Accrual [Roll Forward] | |||||||||||
Provision related to litigation recorded | 84 | 11 | 18 | ||||||||
Engle Progeny Cases, Federal [Member] | Litigation Cases Results [Member] | |||||||||||
Loss Contingency Accrual [Roll Forward] | |||||||||||
Provision related to litigation recorded | $ 43 | $ 0 | $ 0 |
Contingencies (Non-Engle Progen
Contingencies (Non-Engle Progeny Cases Trial Results Narrative) (Details) - USD ($) | 1 Months Ended | 3 Months Ended | 12 Months Ended | ||||||
Dec. 31, 2010 | Dec. 31, 2015 | Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 10, 2015 | Feb. 29, 2012 | May. 31, 2002 | Mar. 31, 2002 | |
Loss Contingencies [Line Items] | |||||||||
Litigation settlement, amount | $ 84,000,000 | $ 90,000,000 | $ 664,000,000 | ||||||
Non-Engle Progeny Smoking and Health Case, Bullock [Member] | Philip Morris USA [Member] | |||||||||
Loss Contingencies [Line Items] | |||||||||
Compensatory damages awarded | $ 900,000 | ||||||||
Non-Engle Progeny Smoking and Health Case, Schwarz [Member] | |||||||||
Loss Contingencies [Line Items] | |||||||||
Litigation settlement, amount | $ 25,000,000 | ||||||||
Non-Engle Progeny Smoking and Health Case, Schwarz [Member] | Philip Morris USA [Member] | |||||||||
Loss Contingencies [Line Items] | |||||||||
Compensatory damages awarded | $ 168,500 | ||||||||
Punitive damages awarded | $ 25,000,000 | $ 100,000,000 | $ 150,000,000 | ||||||
Litigation settlement, amount | $ 500,000 | ||||||||
Provision related to litigation recorded | $ 34,000,000 |
Contingencies (Engle Class Acti
Contingencies (Engle Class Action And Engle Progeny Trial Results Narrative) (Details) $ in Millions | Jan. 26, 2016case | Dec. 31, 2015USD ($) | Mar. 31, 2015USD ($) | Feb. 28, 2015case | Jun. 30, 2009USD ($)case | Feb. 29, 2008USD ($) | Jul. 31, 2006USD ($)plantiff | May. 31, 2001USD ($) | Mar. 31, 2015USD ($) | Dec. 31, 2015USD ($)case | Dec. 31, 2014USD ($) | Dec. 31, 2013USD ($) | Dec. 31, 2008court | Dec. 31, 2015USD ($) | Jun. 30, 2014case | Mar. 31, 2014case | Jul. 31, 2000USD ($) |
Loss Contingencies [Line Items] | |||||||||||||||||
Payments made related to litigation | $ | $ 57 | $ 8 | $ 19 | ||||||||||||||
Litigation settlement, amount | $ | 84 | $ 90 | $ 664 | ||||||||||||||
Engle Progeny Cases [Member] | |||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||
Punitive damages awarded | $ | $ 145,000 | ||||||||||||||||
Litigation settlement, amount | $ | $ 59 | ||||||||||||||||
Number of cases with petitions for writ of certiorari | 8 | ||||||||||||||||
Number of cases with petitions for writ of certiorari denied | 11 | ||||||||||||||||
Engle Progeny Cases [Member] | FLORIDA | |||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||
Number of district courts with rulings | court | 3 | ||||||||||||||||
Number of rulings certified by trial court for interlocutory review | court | 2 | ||||||||||||||||
Engle Progeny Cases, State [Member] | FLORIDA | |||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||
Florida bond cap | $ | $ 200 | ||||||||||||||||
Engle Progeny Cases, State [Member] | Escambia County, Florida [Member] | |||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||
Number of cases in which plaintiffs that challenged constitutionality of bond cap statute | 1 | ||||||||||||||||
Engle Progeny Cases, State [Member] | Alachua County, Florida [Member] | |||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||
Number of cases in which plaintiffs that challenged constitutionality of bond cap statute | 3 | ||||||||||||||||
Engle Progeny Cases, State [Member] | Subsequent Event [Member] | |||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||
Number of cases pending | 3,040 | ||||||||||||||||
Number of plaintiffs | 4,000 | ||||||||||||||||
Philip Morris USA [Member] | Engle Progeny Cases [Member] | |||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||
Punitive damages awarded | $ | $ 74,000 | ||||||||||||||||
Amounts placed in escrow | $ | $ 500 | ||||||||||||||||
Period for members of decertified class to file individual actions against defendants | 1 year | ||||||||||||||||
Number of cases with petitions for writ of certiorari | 1 | ||||||||||||||||
Philip Morris USA [Member] | Engle Progeny Cases [Member] | Subsequent Event [Member] | |||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||
Number of cases pending | 2 | ||||||||||||||||
Number of verdicts returned | 92 | ||||||||||||||||
Number of unfavorable verdicts | 51 | ||||||||||||||||
Number of favorable verdicts | 39 | ||||||||||||||||
Philip Morris USA [Member] | Engle Progeny Cases, State [Member] | |||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||
Number of claims resolved | 7 | ||||||||||||||||
Philip Morris USA [Member] | Engle Progeny Cases, State [Member] | FLORIDA | |||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||
Compensatory damages awarded | $ | $ 6.9 | ||||||||||||||||
Number of individual plaintiffs reinstated | plantiff | 2 | ||||||||||||||||
Payments made related to litigation | $ | $ 3 | ||||||||||||||||
Philip Morris USA [Member] | Engle Progeny Cases, State [Member] | Subsequent Event [Member] | |||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||
Number of favorable verdicts | 30 | ||||||||||||||||
Philip Morris USA [Member] | Engle Progeny Cases, Federal [Member] | |||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||
Amounts placed in escrow | $ | $ 43 | $ 43 | |||||||||||||||
Number of claims resolved | 415 | 415 | |||||||||||||||
Provision related to litigation recorded | $ | $ 43 | ||||||||||||||||
Litigation settlement, amount | $ | $ 43 | ||||||||||||||||
Philip Morris USA [Member] | Engle Progeny Cases, Federal [Member] | Subsequent Event [Member] | |||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||
Number of cases pending | 23 | ||||||||||||||||
Number of favorable verdicts | 9 |
Contingencies (Engle Progeny Ca
Contingencies (Engle Progeny Cases Trial Results - Pending and Concluded) (Details) | 1 Months Ended | 3 Months Ended | 12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Aug. 31, 2015USD ($) | Jun. 30, 2015USD ($) | Oct. 31, 2012USD ($) | Aug. 31, 2012USD ($) | Mar. 31, 2016USD ($) | Sep. 30, 2015USD ($) | Jun. 30, 2015USD ($) | Dec. 31, 2014USD ($) | Mar. 31, 2013USD ($) | Dec. 31, 2015USD ($) | Dec. 31, 2014USD ($) | Dec. 31, 2013USD ($) | Jan. 22, 2016USD ($) | Jan. 20, 2016USD ($) | Jan. 06, 2016USD ($) | Nov. 30, 2015USD ($) | Nov. 17, 2015USD ($) | Nov. 16, 2015USD ($) | Oct. 31, 2015USD ($) | Aug. 30, 2015USD ($) | Jul. 31, 2015USD ($) | May. 31, 2015USD ($) | Mar. 31, 2015USD ($) | Feb. 28, 2015USD ($)defendant | Jan. 31, 2015USD ($) | Nov. 30, 2014USD ($) | Oct. 31, 2014USD ($) | Sep. 30, 2014USD ($) | Jul. 31, 2014USD ($) | Jun. 30, 2014USD ($) | May. 31, 2014USD ($) | Apr. 30, 2014USD ($) | Mar. 31, 2014USD ($) | Feb. 28, 2014USD ($) | Jan. 31, 2014USD ($) | Oct. 31, 2013USD ($) | Sep. 30, 2013USD ($) | Aug. 31, 2013USD ($) | Jun. 30, 2013USD ($) | May. 31, 2013USD ($) | Apr. 30, 2013USD ($) | Dec. 31, 2012USD ($) | Sep. 30, 2012USD ($) | May. 31, 2012USD ($) | Apr. 30, 2012USD ($) | Jan. 31, 2012USD ($) | Dec. 31, 2011USD ($) | Nov. 30, 2010USD ($) | Oct. 31, 2010USD ($) | Aug. 31, 2010USD ($) | Jul. 31, 2010USD ($) | Apr. 30, 2010USD ($) | Mar. 31, 2010USD ($) | Nov. 30, 2009USD ($) | Jul. 31, 2009USD ($) | Feb. 28, 2009USD ($) | Jul. 31, 2000USD ($) | |
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Payments made related to litigation | $ 57,000,000 | $ 8,000,000 | $ 19,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Engle Progeny Cases [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive damages awarded | $ 145,000,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Engle Progeny Cases [Member] | Philip Morris USA [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive damages awarded | $ 74,000,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pending Litigation [Member] | Engle Progeny Cases, Ledoux [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages awarded | 10,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive damages awarded | $ 12,500,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pending Litigation [Member] | Engle Progeny Cases, Ledoux [Member] | Philip Morris USA [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages award, allocation percentage | 47.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pending Litigation [Member] | Engle Progeny Cases, Barbose [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages awarded | $ 10,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive damages awarded | $ 500,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pending Litigation [Member] | Engle Progeny Cases, Barbose [Member] | Philip Morris USA [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages award, allocation percentage | 42.50% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pending Litigation [Member] | Engle Progeny Cases, Tognoli [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages awarded | $ 1,050,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pending Litigation [Member] | Engle Progeny Cases, Tognoli [Member] | Philip Morris USA [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages award, allocation percentage | 15.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive damages awarded | $ 157,500 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pending Litigation [Member] | Engle Progeny Cases, Danielson [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages awarded | 325,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive damages awarded | $ 325,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Economic damages sought | $ 2,300,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pending Litigation [Member] | Engle Progeny Cases, Danielson [Member] | Philip Morris USA [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages award, allocation percentage | 49.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pending Litigation [Member] | Engle Progeny Cases, Marchese [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages awarded | $ 1,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive damages awarded | $ 250,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pending Litigation [Member] | Engle Progeny Cases, Marchese [Member] | Philip Morris USA [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages award, allocation percentage | 22.50% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pending Litigation [Member] | Engle Progeny Cases, Duignan [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages awarded | $ 6,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Appeal bond posted | $ 2,700,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pending Litigation [Member] | Engle Progeny Cases, Duignan [Member] | Philip Morris USA [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages award, allocation percentage | 37.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive damages awarded | $ 3,500,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pending Litigation [Member] | Engle Progeny Cases, Cooper [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages awarded | 4,500,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pending Litigation [Member] | Engle Progeny Cases, Cooper [Member] | Philip Morris USA [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages awarded | $ 450,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages award, allocation percentage | 10.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pending Litigation [Member] | Engle Progeny Cases, Jordan [Member] | Philip Morris USA [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages awarded | $ 6,400,000 | $ 7,800,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages award, allocation percentage | 60.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive damages awarded | $ 3,200,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pending Litigation [Member] | Engle Progeny Cases, Merino [Member] | Philip Morris USA [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages awarded | $ 8,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages award, allocation percentage | 70.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive damages awarded | $ 6,500,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Appeal bond posted | $ 5,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pending Litigation [Member] | Engle Progeny Cases, McCoy [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages awarded | 1,500,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pending Litigation [Member] | Engle Progeny Cases, McCoy [Member] | Philip Morris USA [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages awarded | $ 300,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages award, allocation percentage | 20.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive damages awarded | $ 3,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pending Litigation [Member] | Engle Progeny Cases, McCoy [Member] | Subsequent Event [Member] | Philip Morris USA [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Appeal bond posted | $ 1,650,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pending Litigation [Member] | Engle Progeny Cases, M. Brown [Member] | Philip Morris USA [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages awarded | $ 6,375,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Appeal bond posted | $ 5,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pending Litigation [Member] | Engle Progeny Cases, Gore [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages awarded | $ 2,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pending Litigation [Member] | Engle Progeny Cases, Gore [Member] | Philip Morris USA [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages awarded | $ 460,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages award, allocation percentage | 23.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Appeal bond posted | $ 460,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pending Litigation [Member] | Engle Progeny Cases, Pollari [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages awarded | $ 10,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pending Litigation [Member] | Engle Progeny Cases, Pollari [Member] | Philip Morris USA [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages awarded | $ 4,250,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages award, allocation percentage | 42.50% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive damages awarded | $ 1,500,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pending Litigation [Member] | Engle Progeny Cases, Zamboni [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages awarded | $ 340,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pending Litigation [Member] | Engle Progeny Cases, Zamboni [Member] | Philip Morris USA [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages awarded | $ 34,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages award, allocation percentage | 10.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pending Litigation [Member] | Engle Progeny Cases, Caprio [Member] | Philip Morris USA [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages award, allocation percentage | 25.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Economic damages awarded | $ 559,172 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pending Litigation [Member] | Engle Progeny Cases, McKeever [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive damages awarded | 11,630,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pending Litigation [Member] | Engle Progeny Cases, McKeever [Member] | Philip Morris USA [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages awarded | $ 5,800,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages award, allocation percentage | 60.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Appeal bond posted | $ 5,000,000 | $ 5,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pending Litigation [Member] | Engle Progeny Cases, D. Brown [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive damages awarded | $ 9,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pending Litigation [Member] | Engle Progeny Cases, D. Brown [Member] | Philip Morris USA [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages awarded | $ 8,300,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages award, allocation percentage | 55.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pending Litigation [Member] | Engle Progeny Cases, Allen [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages awarded | $ 3,100,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pending Litigation [Member] | Engle Progeny Cases, Allen [Member] | Philip Morris USA [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages awarded | $ 6,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages award, allocation percentage | 6.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive damages awarded | $ 7,760,000 | $ 17,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Appeal bond posted | 2,500,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pending Litigation [Member] | Engle Progeny Cases, Perrotto [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages awarded | 4,100,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pending Litigation [Member] | Engle Progeny Cases, Perrotto [Member] | Philip Morris USA [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages awarded | $ 1,020,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages award, allocation percentage | 25.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pending Litigation [Member] | Engle Progeny Cases, Boatright [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages awarded | $ 15,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive damages awarded against co-defendant | 300,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pending Litigation [Member] | Engle Progeny Cases, Boatright [Member] | Philip Morris USA [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages awarded | $ 12,750,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages award, allocation percentage | 85.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive damages awarded | $ 19,700,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Appeal bond posted | $ 3,980,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pending Litigation [Member] | Engle Progeny Cases, Kerrivan [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages awarded | $ 15,800,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive damages awarded | $ 25,300,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pending Litigation [Member] | Engle Progeny Cases, Kerrivan [Member] | Philip Morris USA [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages award, allocation percentage | 50.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive damages awarded | $ 15,700,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pending Litigation [Member] | Engle Progeny Cases, Lourie [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages awarded | 1,370,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pending Litigation [Member] | Engle Progeny Cases, Lourie [Member] | Philip Morris USA [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages awarded | $ 370,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages award, allocation percentage | 27.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Appeal bond posted | $ 370,318 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pending Litigation [Member] | Engle Progeny Cases, Berger [Member] | Philip Morris USA [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages awarded | $ 6,250,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages award, allocation percentage | 60.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive damages awarded | $ 20,760,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pending Litigation [Member] | Engle Progeny Cases, Harris [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages awarded | $ 1,730,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pending Litigation [Member] | Engle Progeny Cases, Harris [Member] | Philip Morris USA [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages award, allocation percentage | 15.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pending Litigation [Member] | Engle Progeny Cases, Griffin [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages awarded | $ 1,270,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pending Litigation [Member] | Engle Progeny Cases, Griffin [Member] | Philip Morris USA [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages awarded | $ 630,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages award, allocation percentage | 50.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Appeal bond posted | $ 640,543 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pending Litigation [Member] | Engle Progeny Cases, Burkhart [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages awarded | $ 5,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive damages awarded | $ 2,500,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pending Litigation [Member] | Engle Progeny Cases, Burkhart [Member] | Philip Morris USA [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages award, allocation percentage | 15.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive damages awarded | $ 750,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pending Litigation [Member] | Engle Progeny Cases, Bowden [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages awarded | $ 5,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pending Litigation [Member] | Engle Progeny Cases, Bowden [Member] | Philip Morris USA [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages awarded | $ 1,500,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages award, allocation percentage | 30.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Appeal bond posted | $ 1,500,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pending Litigation [Member] | Engle Progeny Cases, Greene (Formerly Rizzuto) [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages awarded | $ 11,100,000 | $ 12,550,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Economic damages awarded | 1,100,000 | $ 2,550,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pending Litigation [Member] | Engle Progeny Cases, Greene (Formerly Rizzuto) [Member] | Philip Morris USA [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages awarded | $ 6,100,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages award, allocation percentage | 55.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Appeal bond posted | $ 6,100,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Provision related to litigation recorded | 6,700,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pending Litigation [Member] | Engle Progeny Cases, Skolnick [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages awarded | $ 2,555,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pending Litigation [Member] | Engle Progeny Cases, Skolnick [Member] | Philip Morris USA [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages awarded | $ 766,500 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages award, allocation percentage | 30.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Appeal bond posted | 766,500 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pending Litigation [Member] | Engle Progeny Cases, Starr-Blundell [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages awarded | $ 500,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pending Litigation [Member] | Engle Progeny Cases, Starr-Blundell [Member] | Philip Morris USA [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages awarded | $ 50,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages award, allocation percentage | 10.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pending Litigation [Member] | Engle Progeny Cases, Graham [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages awarded | $ 2,750,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pending Litigation [Member] | Engle Progeny Cases, Graham [Member] | Philip Morris USA [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages awarded | $ 275,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages award, allocation percentage | 10.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Appeal bond posted | $ 277,750 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pending Litigation [Member] | Engle Progeny Cases, Searcy [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages awarded | 1,000,000 | $ 6,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pending Litigation [Member] | Engle Progeny Cases, Searcy [Member] | Philip Morris USA [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages awarded | $ 1,670,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages award, allocation percentage | 30.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive damages awarded | $ 10,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Appeal bond posted | $ 2,200,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pending Litigation [Member] | Engle Progeny Cases, Buchanan [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages awarded | $ 5,500,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pending Litigation [Member] | Engle Progeny Cases, Buchanan [Member] | Philip Morris USA [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages award, allocation percentage | 37.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Appeal bond posted | $ 2,500,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Provision related to litigation recorded | 4,100,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pending Litigation [Member] | Engle Progeny Cases, Hancock [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages awarded | $ 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Damages awarded, value | $ 110,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pending Litigation [Member] | Engle Progeny Cases, Hancock [Member] | Philip Morris USA [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages award, allocation percentage | 5.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Economic damages awarded | $ 700 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Damages sought, value | $ 20,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pending Litigation [Member] | Engle Progeny Cases, Calloway [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages awarded | $ 21,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pending Litigation [Member] | Engle Progeny Cases, Calloway [Member] | R.J. Reynolds [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive damages awarded against co-defendant | 17,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pending Litigation [Member] | Engle Progeny Cases, Calloway [Member] | Lorillard [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive damages awarded against co-defendant | 13,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pending Litigation [Member] | Engle Progeny Cases, Calloway [Member] | Liggett Group [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive damages awarded against co-defendant | $ 8,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pending Litigation [Member] | Engle Progeny Cases, Calloway [Member] | Philip Morris USA [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages awarded | $ 16,100,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages award, allocation percentage | 25.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive damages awarded | $ 17,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Appeal bond posted | $ 1,500,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pending Litigation [Member] | Engle Progeny Cases, Calloway [Member] | Subsequent Event [Member] | Philip Morris USA [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages awarded | $ 4,025,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pending Litigation [Member] | Engle Progeny Cases, Hallgren [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages awarded | $ 2,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pending Litigation [Member] | Engle Progeny Cases, Hallgren [Member] | Philip Morris USA [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages awarded | $ 500,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages award, allocation percentage | 25.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive damages awarded | $ 750,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Appeal bond posted | $ 1,250,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pending Litigation [Member] | Engle Progeny Cases, Hallgren [Member] | Subsequent Event [Member] | Philip Morris USA [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Appeal bond posted | $ 500,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pending Litigation [Member] | Engle Progeny Cases, Kayton (Formerly Tate) [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages awarded | $ 8,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pending Litigation [Member] | Engle Progeny Cases, Kayton (Formerly Tate) [Member] | Philip Morris USA [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages awarded | $ 5,100,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages award, allocation percentage | 64.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive damages awarded | $ 16,200,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Appeal bond posted | $ 5,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Provision related to litigation recorded | 28,200,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pending Litigation [Member] | Engle Progeny Cases, Putney [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages awarded | $ 15,100,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pending Litigation [Member] | Engle Progeny Cases, Putney [Member] | Philip Morris USA [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages awarded | $ 2,300,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages award, allocation percentage | 15.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive damages awarded | $ 2,500,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Appeal bond posted | $ 1,600,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pending Litigation [Member] | Engle Progeny Cases, R. Cohen [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages awarded | $ 10,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive damages awarded | 20,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pending Litigation [Member] | Engle Progeny Cases, R. Cohen [Member] | Philip Morris USA [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages awarded | $ 3,300,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages award, allocation percentage | 33.33% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive damages awarded | $ 10,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Appeal bond posted | $ 2,500,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Provision related to litigation recorded | 17,900,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pending Litigation [Member] | Engle Progeny Cases, Naugle [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages awarded | 3,700,000 | 12,300,000 | 13,000,000 | $ 56,600,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive damages awarded | 7,500,000 | $ 24,500,000 | $ 26,000,000 | $ 244,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Pending Litigation [Member] | Engle Progeny Cases, Naugle [Member] | Philip Morris USA [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages award, allocation percentage | 90.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Appeal bond posted | $ 5,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pending Litigation [Member] | Engle Progeny Cases, Hess [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages awarded | $ 3,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive damages awarded | 5,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pending Litigation [Member] | Engle Progeny Cases, Hess [Member] | Philip Morris USA [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages awarded | $ 1,260,000 | $ 1,200,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages award, allocation percentage | 42.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Appeal bond posted | $ 7,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Provision related to litigation recorded | 6,600,000 | $ 3,200,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pending Litigation [Member] | Scenario, Forecast [Member] | Engle Progeny Cases, Hallgren [Member] | Philip Morris USA [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Provision related to litigation recorded | $ 2,200,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Settled Litigation [Member] | Engle Progeny Cases, Goveia [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages awarded | $ 850,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive damages awarded | $ 2,250,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Settled Litigation [Member] | Engle Progeny Cases, Goveia [Member] | Philip Morris USA [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages award, allocation percentage | 35.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Appeal bond posted | $ 2,500,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Provision related to litigation recorded | $ 3,200,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Payments made related to litigation | $ 3,200,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Settled Litigation [Member] | Engle Progeny Cases, Ruffo [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages awarded | $ 1,500,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Settled Litigation [Member] | Engle Progeny Cases, Ruffo [Member] | Philip Morris USA [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages awarded | $ 180,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages award, allocation percentage | 12.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Appeal bond posted | $ 180,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Provision related to litigation recorded | $ 193,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Payments made related to litigation | 200,212 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Settled Litigation [Member] | Engle Progeny Cases, Cuculino [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages awarded | $ 12,500,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Settled Litigation [Member] | Engle Progeny Cases, Cuculino [Member] | Philip Morris USA [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages awarded | $ 5,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages award, allocation percentage | 40.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Appeal bond posted | $ 5,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Provision related to litigation recorded | $ 5,300,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Payments made related to litigation | $ 5,300,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Settled Litigation [Member] | Engle Progeny Cases, Landau [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages awarded | $ 100,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Settlement agreement, number of defendants | defendant | 1 |
Contingencies (Other Smoking an
Contingencies (Other Smoking and Health Class Actions Narrative) (Details) - Smoking And Health Class Actions And Aggregated Claims Litigation [Member] - case | 236 Months Ended | |||
Dec. 31, 2015 | Jan. 26, 2016 | Dec. 31, 2014 | Dec. 31, 2013 | |
Loss Contingencies [Line Items] | ||||
Number of cases pending | 5 | 5 | 6 | |
Philip Morris USA [Member] | ||||
Loss Contingencies [Line Items] | ||||
Number of claims dismissed | 60 | |||
ARKANSAS | Philip Morris USA [Member] | ||||
Loss Contingencies [Line Items] | ||||
Number of claims dismissed | 1 | |||
CALIFORNIA | Philip Morris USA [Member] | ||||
Loss Contingencies [Line Items] | ||||
Number of claims dismissed | 1 | |||
DISTRICT OF COLUMBIA | Philip Morris USA [Member] | ||||
Loss Contingencies [Line Items] | ||||
Number of claims dismissed | 2 | |||
FLORIDA | Philip Morris USA [Member] | ||||
Loss Contingencies [Line Items] | ||||
Number of claims dismissed | 2 | |||
ILLINOIS | Philip Morris USA [Member] | ||||
Loss Contingencies [Line Items] | ||||
Number of claims dismissed | 3 | |||
IOWA | Philip Morris USA [Member] | ||||
Loss Contingencies [Line Items] | ||||
Number of claims dismissed | 1 | |||
KANSAS | Philip Morris USA [Member] | ||||
Loss Contingencies [Line Items] | ||||
Number of claims dismissed | 1 | |||
LOUISIANA | Philip Morris USA [Member] | ||||
Loss Contingencies [Line Items] | ||||
Number of claims dismissed | 1 | |||
MARYLAND | Philip Morris USA [Member] | ||||
Loss Contingencies [Line Items] | ||||
Number of claims dismissed | 1 | |||
MICHIGAN | Philip Morris USA [Member] | ||||
Loss Contingencies [Line Items] | ||||
Number of claims dismissed | 1 | |||
MINNESOTA | Philip Morris USA [Member] | ||||
Loss Contingencies [Line Items] | ||||
Number of claims dismissed | 1 | |||
NEVADA | Philip Morris USA [Member] | ||||
Loss Contingencies [Line Items] | ||||
Number of claims dismissed | 29 | |||
NEW JERSEY | Philip Morris USA [Member] | ||||
Loss Contingencies [Line Items] | ||||
Number of claims dismissed | 6 | |||
NEW YORK | Philip Morris USA [Member] | ||||
Loss Contingencies [Line Items] | ||||
Number of claims dismissed | 2 | |||
OHIO | Philip Morris USA [Member] | ||||
Loss Contingencies [Line Items] | ||||
Number of claims dismissed | 1 | |||
OKLAHOMA | Philip Morris USA [Member] | ||||
Loss Contingencies [Line Items] | ||||
Number of claims dismissed | 1 | |||
OREGON | Philip Morris USA [Member] | ||||
Loss Contingencies [Line Items] | ||||
Number of claims dismissed | 1 | |||
PENNSYLVANIA | Philip Morris USA [Member] | ||||
Loss Contingencies [Line Items] | ||||
Number of claims dismissed | 1 | |||
PUERTO RICO | Philip Morris USA [Member] | ||||
Loss Contingencies [Line Items] | ||||
Number of claims dismissed | 1 | |||
SOUTH CAROLINA | Philip Morris USA [Member] | ||||
Loss Contingencies [Line Items] | ||||
Number of claims dismissed | 1 | |||
TEXAS | Philip Morris USA [Member] | ||||
Loss Contingencies [Line Items] | ||||
Number of claims dismissed | 1 | |||
WISCONSIN | Philip Morris USA [Member] | ||||
Loss Contingencies [Line Items] | ||||
Number of claims dismissed | 1 | |||
CANADA | Philip Morris USA and Altria Group [Member] | Subsequent Event [Member] | ||||
Loss Contingencies [Line Items] | ||||
Number of cases pending | 7 |
Contingencies (Medical Monitori
Contingencies (Medical Monitoring Class Actions Narrative) (Details) - Philip Morris USA [Member] $ in Millions | 1 Months Ended | |
Dec. 31, 2006USD ($) | Dec. 31, 2015case | |
Medical Monitoring Class Actions [Member] | ||
Loss Contingencies [Line Items] | ||
Number of cases pending | case | 1 | |
Medical Monitoring Class Action, Donovan [Member] | ||
Loss Contingencies [Line Items] | ||
Damages sought, value | $ | $ 190 |
Contingencies (Health Care Cost
Contingencies (Health Care Cost Recovery Litigation Narrative) (Details) | 1 Months Ended | 3 Months Ended | 6 Months Ended | 9 Months Ended | 12 Months Ended | 36 Months Ended | 204 Months Ended | ||
Nov. 30, 1998USD ($)state | Sep. 30, 2015USD ($) | Jun. 30, 2013USD ($) | Sep. 30, 2015USD ($) | Dec. 31, 2015USD ($)caseplantiff | Dec. 31, 2014USD ($)case | Dec. 31, 2013USD ($)case | Dec. 31, 2015USD ($)case | Dec. 31, 2015case | |
Loss Contingencies [Line Items] | |||||||||
Litigation settlement, amount | $ 84,000,000 | $ 90,000,000 | $ 664,000,000 | ||||||
Health Care Cost Recovery Actions [Member] | |||||||||
Loss Contingencies [Line Items] | |||||||||
Number of cases pending | case | 1 | 1 | 1 | 1 | 1 | ||||
Number of states with settled litigation | state | 46 | ||||||||
State Settlement Agreements annual payments | $ 9,400,000,000 | ||||||||
State Settlement Agreements attorney fees annual cap | $ 500,000,000 | ||||||||
Health Care Cost Recovery Actions [Member] | Philip Morris USA [Member] | |||||||||
Loss Contingencies [Line Items] | |||||||||
Number of claims dismissed | case | 1 | ||||||||
Health Care Cost Recovery Actions [Member] | Settled Litigation [Member] | Philip Morris USA [Member] | |||||||||
Loss Contingencies [Line Items] | |||||||||
Number of states with settled litigation | plantiff | 24 | ||||||||
Litigation settlement, amount | $ 599,000,000 | $ 599,000,000 | $ 599,000,000 | ||||||
Health Care Cost Recovery Actions [Member] | Cost of Sales [Member] | |||||||||
Loss Contingencies [Line Items] | |||||||||
Litigation settlement, amount | $ (4,500,000,000) | (4,600,000,000) | (4,200,000,000) | ||||||
Health Care Cost Recovery Actions [Member] | Cost of Sales [Member] | Settled Litigation [Member] | Philip Morris USA [Member] | |||||||||
Loss Contingencies [Line Items] | |||||||||
Litigation settlement, amount | $ 519,000,000 | ||||||||
NEW YORK | Health Care Cost Recovery Actions, Medicare as Secondary Payer Case [Member] | |||||||||
Loss Contingencies [Line Items] | |||||||||
Number of claims dismissed | case | 2 | ||||||||
NEW YORK | Health Care Cost Recovery Actions, 2004-2014 NPM Adjustment [Member] | Settled Litigation [Member] | Philip Morris USA [Member] | |||||||||
Loss Contingencies [Line Items] | |||||||||
Litigation settlement, amount | $ 126,000,000 | $ 126,000,000 | $ 43,000,000 | $ 664,000,000 | |||||
NEW YORK | Health Care Cost Recovery Actions, 2004-2014 NPM Adjustment [Member] | Cost of Sales [Member] | Settled Litigation [Member] | Philip Morris USA [Member] | |||||||||
Loss Contingencies [Line Items] | |||||||||
Litigation settlement, amount | $ 126,000,000 | ||||||||
PENNSYLVANIA | Health Care Cost Recovery Actions [Member] | Cost of Sales [Member] | |||||||||
Loss Contingencies [Line Items] | |||||||||
Litigation settlement, amount | $ (29,000,000) | ||||||||
FLORIDA | Health Care Cost Recovery Actions, Medicare as Secondary Payer Case [Member] | |||||||||
Loss Contingencies [Line Items] | |||||||||
Number of claims dismissed | case | 2 | ||||||||
MASSACHUSETTS | Health Care Cost Recovery Actions, Medicare as Secondary Payer Case [Member] | |||||||||
Loss Contingencies [Line Items] | |||||||||
Number of claims dismissed | case | 1 | ||||||||
CANADA | Health Care Cost Recovery Actions [Member] | Threatened Litigation [Member] | |||||||||
Loss Contingencies [Line Items] | |||||||||
Number of cases pending | case | 10 | 10 | 10 |
Contingencies (2003-2014 NPM Ad
Contingencies (2003-2014 NPM Adjustment Disputes - Settlement with 24 States and Territories and Settlement with New York) (Details) $ in Millions | 1 Months Ended | 3 Months Ended | 6 Months Ended | 9 Months Ended | 12 Months Ended | 36 Months Ended | ||||||||
Sep. 30, 2013state | Nov. 30, 1998state | Sep. 30, 2015USD ($) | Jun. 30, 2014USD ($)state | Mar. 31, 2014USD ($) | Sep. 30, 2013USD ($) | Jun. 30, 2013USD ($) | Mar. 31, 2013USD ($) | Jun. 30, 2013USD ($) | Sep. 30, 2015USD ($) | Dec. 31, 2015USD ($)stateplantiff | Dec. 31, 2014USD ($) | Dec. 31, 2013USD ($) | Dec. 31, 2015USD ($)state | |
Loss Contingencies [Line Items] | ||||||||||||||
Litigation settlement, amount | $ 84 | $ 90 | $ 664 | |||||||||||
Earnings (loss) before income taxes | 8,078 | 7,774 | 6,942 | |||||||||||
Litigation settlement interest expense (income) | $ 13 | (47) | 0 | |||||||||||
Health Care Cost Recovery Actions [Member] | ||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||
Number of states with settled litigation | state | 46 | |||||||||||||
Health Care Cost Recovery Actions [Member] | Philip Morris USA [Member] | ||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||
Loss contingency, number of states | plantiff | 52 | |||||||||||||
Settled Litigation [Member] | Health Care Cost Recovery Actions [Member] | Philip Morris USA [Member] | ||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||
Number of states with settled litigation | plantiff | 24 | |||||||||||||
Litigation settlement, amount | 599 | 599 | $ 599 | |||||||||||
Earnings (loss) before income taxes | $ 36 | $ 483 | ||||||||||||
Pending Litigation [Member] | Health Care Cost Recovery Actions [Member] | Philip Morris USA [Member] | ||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||
Number of states with filed motion | state | 14 | 14 | ||||||||||||
Pending Litigation [Member] | Health Care Cost Recovery Actions, 2003 NPM Adjustment [Member] | Philip Morris USA [Member] | ||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||
Loss contingency, number of states | state | 15 | |||||||||||||
Litigation settlement, amount | $ 145 | |||||||||||||
Litigation settlement interest expense (income) | $ (64) | |||||||||||||
Cost of Sales [Member] | Health Care Cost Recovery Actions [Member] | ||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||
Litigation settlement, amount | $ (4,500) | (4,600) | (4,200) | |||||||||||
Cost of Sales [Member] | Settled Litigation [Member] | Health Care Cost Recovery Actions [Member] | Philip Morris USA [Member] | ||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||
Litigation settlement, amount | $ 519 | |||||||||||||
Cost of Sales [Member] | Settled Litigation [Member] | Health Care Cost Recovery Actions, 2013 NPM Adjustment [Member] | Philip Morris USA [Member] | ||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||
Litigation settlement, amount | $ 35 | 3 | ||||||||||||
Cost of Sales [Member] | Settled Litigation [Member] | Health Care Cost Recovery Actions, 2014 NPM Adjustment [Member] | Philip Morris USA [Member] | ||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||
Litigation settlement, amount | 41 | |||||||||||||
Cost of Sales [Member] | Pending Litigation [Member] | Health Care Cost Recovery Actions, 2003 NPM Adjustment [Member] | Philip Morris USA [Member] | ||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||
Litigation settlement, amount | 145 | |||||||||||||
Indiana and Kentucky [Member] | Settled Litigation [Member] | Health Care Cost Recovery Actions, 2003 NPM Adjustment [Member] | Philip Morris USA [Member] | ||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||
Number of states with settled litigation | state | 2 | |||||||||||||
Litigation settlement, amount | $ 80 | |||||||||||||
Earnings (loss) before income taxes | 26 | 54 | ||||||||||||
Litigation settlement interest expense (income) | 17 | (17) | ||||||||||||
Indiana and Kentucky [Member] | Cost of Sales [Member] | Settled Litigation [Member] | Health Care Cost Recovery Actions, 2003 NPM Adjustment [Member] | Philip Morris USA [Member] | ||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||
Litigation settlement, amount | $ 43 | $ 37 | ||||||||||||
NEW YORK | Settled Litigation [Member] | Health Care Cost Recovery Actions, 2004-2014 NPM Adjustment [Member] | Philip Morris USA [Member] | ||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||
Litigation settlement, amount | $ 126 | $ 126 | $ 43 | $ 664 | ||||||||||
NEW YORK | Cost of Sales [Member] | Settled Litigation [Member] | Health Care Cost Recovery Actions, 2004-2014 NPM Adjustment [Member] | Philip Morris USA [Member] | ||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||
Litigation settlement, amount | $ 126 |
Contingencies (2003-2014 NPM113
Contingencies (2003-2014 NPM Adjustment Disputes - Continuing Disputes with Non-Signatory States other than New York) (Details) $ in Millions | 1 Months Ended | 3 Months Ended | 6 Months Ended | 12 Months Ended | 36 Months Ended | ||||||||||||
Jul. 31, 2015state | Apr. 30, 2014USD ($)state | Sep. 30, 2013state | Nov. 30, 1998state | Dec. 31, 2015USD ($) | Dec. 31, 2014USD ($) | Jun. 30, 2014USD ($)state | Mar. 31, 2014USD ($) | Sep. 30, 2013USD ($) | Jun. 30, 2013USD ($) | Mar. 31, 2013USD ($) | Jun. 30, 2013USD ($) | Dec. 31, 2015USD ($)caseplantiff | Dec. 31, 2014USD ($) | Dec. 31, 2013USD ($) | Dec. 31, 2015USD ($) | May. 31, 2014USD ($) | |
Loss Contingencies [Line Items] | |||||||||||||||||
Litigation settlement, amount | $ 84 | $ 90 | $ 664 | ||||||||||||||
Litigation settlement interest expense (income) | 13 | (47) | 0 | ||||||||||||||
Earnings (loss) before income taxes | 8,078 | 7,774 | 6,942 | ||||||||||||||
Health Care Cost Recovery Actions [Member] | |||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||
Number of states with settled litigation | state | 46 | ||||||||||||||||
Health Care Cost Recovery Actions [Member] | Cost of Sales [Member] | |||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||
Litigation settlement, amount | (4,500) | (4,600) | (4,200) | ||||||||||||||
Health Care Cost Recovery Actions [Member] | Cost of Sales [Member] | PENNSYLVANIA | |||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||
Litigation settlement, amount | $ (29) | ||||||||||||||||
Health Care Cost Recovery Actions [Member] | Philip Morris USA [Member] | |||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||
Loss contingency, number of states | plantiff | 52 | ||||||||||||||||
Health Care Cost Recovery Actions [Member] | Philip Morris USA [Member] | Settled Litigation [Member] | |||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||
Litigation settlement, amount | $ 599 | 599 | $ 599 | ||||||||||||||
Earnings (loss) before income taxes | $ 36 | $ 483 | |||||||||||||||
Number of states with settled litigation | plantiff | 24 | ||||||||||||||||
Health Care Cost Recovery Actions [Member] | Philip Morris USA [Member] | Settled Litigation [Member] | Cost of Sales [Member] | |||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||
Litigation settlement, amount | $ 519 | ||||||||||||||||
Health Care Cost Recovery Actions, 2003 NPM Adjustment [Member] | Philip Morris USA [Member] | Pending Litigation [Member] | |||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||
Settlement agreement, liability reduction percentage | 20.00% | ||||||||||||||||
Loss contingency, number of states | state | 15 | ||||||||||||||||
Number of states that did not diligently enforcing escrow statutes | state | 6 | ||||||||||||||||
Number of states diligently enforcing escrow statute | state | 9 | ||||||||||||||||
Litigation settlement, amount | $ 145 | ||||||||||||||||
Estimate of possible interest income | $ 89 | ||||||||||||||||
Litigation settlement interest expense (income) | $ (64) | ||||||||||||||||
Estimate of possible gain, not recorded | $ 25 | ||||||||||||||||
Health Care Cost Recovery Actions, 2003 NPM Adjustment [Member] | Philip Morris USA [Member] | Pending Litigation [Member] | Maryland, Missouri, New Mexico and Pennsylvania [Member] | |||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||
Number of states that did not diligently enforcing escrow statutes | state | 4 | ||||||||||||||||
Estimate of possible interest income | 66 | ||||||||||||||||
Litigation settlement interest expense (income) | $ (48) | (47) | |||||||||||||||
Health Care Cost Recovery Actions, 2003 NPM Adjustment [Member] | Philip Morris USA [Member] | Pending Litigation [Member] | MISSOURI | |||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||
Amount of possible loss | $ 12 | 12 | 12 | ||||||||||||||
Amount of possible interest loss | 7 | 7 | 7 | ||||||||||||||
Appeal bond posted | $ 22 | ||||||||||||||||
Health Care Cost Recovery Actions, 2003 NPM Adjustment [Member] | Philip Morris USA [Member] | Pending Litigation [Member] | MARYLAND | |||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||
Amount of possible loss | 12 | 12 | 12 | ||||||||||||||
Amount of possible interest loss | 7 | 7 | $ 7 | ||||||||||||||
Health Care Cost Recovery Actions, 2003 NPM Adjustment [Member] | Philip Morris USA [Member] | Pending Litigation [Member] | Cost of Sales [Member] | |||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||
Litigation settlement, amount | 145 | ||||||||||||||||
Health Care Cost Recovery Actions, 2003 NPM Adjustment [Member] | Philip Morris USA [Member] | Pending Litigation [Member] | Cost of Sales [Member] | Maryland, Missouri, New Mexico and Pennsylvania [Member] | |||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||
Litigation settlement, amount | $ 79 | $ 108 | |||||||||||||||
Health Care Cost Recovery Actions, 2003 NPM Adjustment [Member] | Philip Morris USA [Member] | Settled Litigation [Member] | Indiana and Kentucky [Member] | |||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||
Litigation settlement, amount | $ 80 | ||||||||||||||||
Litigation settlement interest expense (income) | 17 | (17) | |||||||||||||||
Earnings (loss) before income taxes | $ 26 | 54 | |||||||||||||||
Number of states with settled litigation | state | 2 | ||||||||||||||||
Health Care Cost Recovery Actions, 2003 NPM Adjustment [Member] | Philip Morris USA [Member] | Settled Litigation [Member] | PENNSYLVANIA | |||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||
Litigation settlement interest expense (income) | 13 | ||||||||||||||||
Earnings (loss) before income taxes | 42 | ||||||||||||||||
Health Care Cost Recovery Actions, 2003 NPM Adjustment [Member] | Philip Morris USA [Member] | Settled Litigation [Member] | Cost of Sales [Member] | Indiana and Kentucky [Member] | |||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||
Litigation settlement, amount | $ 43 | $ 37 | |||||||||||||||
Health Care Cost Recovery Actions, 2003 NPM Adjustment [Member] | Philip Morris USA [Member] | Settled Litigation [Member] | Cost of Sales [Member] | PENNSYLVANIA | |||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||
Litigation settlement, amount | $ 29 | ||||||||||||||||
Health Care Cost Recovery Actions, 2004 NPM Adjustment [Member] | |||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||
Estimate of possible gain | 388 | ||||||||||||||||
Health Care Cost Recovery Actions, 2004 NPM Adjustment [Member] | Philip Morris USA [Member] | Pending Litigation [Member] | |||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||
Number of states with pending litigation | state | 17 | ||||||||||||||||
Health Care Cost Recovery Actions, 2005 NPM Adjustment [Member] | |||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||
Estimate of possible gain | 181 | ||||||||||||||||
Health Care Cost Recovery Actions, 2006 NPM Adjustment [Member] | |||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||
Estimate of possible gain | 154 | ||||||||||||||||
Health Care Cost Recovery Actions, 2007 NPM Adjustment [Member] | |||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||
Estimate of possible gain | 185 | ||||||||||||||||
Health Care Cost Recovery Actions, 2008 NPM Adjustment [Member] | |||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||
Estimate of possible gain | 250 | ||||||||||||||||
Health Care Cost Recovery Actions, 2009 NPM Adjustment [Member] | |||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||
Estimate of possible gain | 211 | ||||||||||||||||
Health Care Cost Recovery Actions, 2010 NPM Adjustment [Member] | |||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||
Estimate of possible gain | 218 | ||||||||||||||||
Health Care Cost Recovery Actions, 2011 NPM Adjustment [Member] | |||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||
Estimate of possible gain | 166 | ||||||||||||||||
Health Care Cost Recovery Actions, 2012 NPM Adjustment [Member] | |||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||
Estimate of possible gain | 211 | ||||||||||||||||
Health Care Cost Recovery Actions, 2013 NPM Adjustment [Member] | |||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||
Estimate of possible gain | 219 | ||||||||||||||||
Health Care Cost Recovery Actions, 2013 NPM Adjustment [Member] | Philip Morris USA [Member] | Settled Litigation [Member] | Cost of Sales [Member] | |||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||
Litigation settlement, amount | $ 35 | $ 3 | |||||||||||||||
Health Care Cost Recovery Actions, 2014 NPM Adjustment [Member] | |||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||
Estimate of possible gain | 247 | ||||||||||||||||
Health Care Cost Recovery Actions, 2014 NPM Adjustment [Member] | Philip Morris USA [Member] | Settled Litigation [Member] | Cost of Sales [Member] | |||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||
Litigation settlement, amount | $ 41 | ||||||||||||||||
Other MSA-Related Litigation [Member] | |||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||
Number of unfavorable verdicts | case | 16 |
Contingencies (Federal Governme
Contingencies (Federal Government's Lawsuit Narrative) (Details) - USD ($) $ in Millions | 1 Months Ended | 3 Months Ended | 12 Months Ended | ||
Dec. 31, 2011 | Jun. 30, 2014 | Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | |
Loss Contingencies [Line Items] | |||||
Loss contingency, amount of district court deposit | $ 57 | $ 8 | $ 19 | ||
Federal Governments Lawsuit [Member] | |||||
Loss Contingencies [Line Items] | |||||
Amount of alleged annual costs health care programs, minimum | 20,000 | ||||
Damages sought, value | 280,000 | ||||
Federal Governments Lawsuit [Member] | Philip Morris USA [Member] | |||||
Loss Contingencies [Line Items] | |||||
Loss contingency, amount of district court deposit | $ 3.1 | ||||
Loss contingency installment period, years | 5 years | ||||
Implementation of Corrective Communications [Member] | |||||
Loss Contingencies [Line Items] | |||||
Provision related to litigation recorded | $ 0 | $ 31 | $ 0 | ||
Implementation of Corrective Communications [Member] | Federal Governments Lawsuit [Member] | |||||
Loss Contingencies [Line Items] | |||||
Provision related to litigation recorded | $ 31 | ||||
Implementation of Corrective Communications [Member] | Federal Governments Lawsuit [Member] | Philip Morris USA [Member] | |||||
Loss Contingencies [Line Items] | |||||
Provision related to litigation recorded | $ 31 |
Contingencies (Lights_Ultra Lig
Contingencies (Lights/Ultra Lights Cases) (Details) | 1 Months Ended | 12 Months Ended | 86 Months Ended | ||||||
Apr. 30, 2014USD ($) | Feb. 28, 2014USD ($)$ / plantiff | Nov. 30, 2010casejurisdiction | Dec. 31, 2015USD ($)case | Dec. 31, 2014USD ($)case | Dec. 31, 2013USD ($)case | Dec. 31, 2011case | Jan. 26, 2016casestate | Mar. 31, 2003USD ($) | |
Loss Contingencies [Line Items] | |||||||||
Litigation settlement, amount | $ | $ 84,000,000 | $ 90,000,000 | $ 664,000,000 | ||||||
Lights [Member] | Philip Morris USA [Member] | |||||||||
Loss Contingencies [Line Items] | |||||||||
Claims not certified, number | 4 | ||||||||
Number of jurisdictions selected by plaintiffs | 2 | ||||||||
Number of jurisdictions selected by defendants | jurisdiction | 2 | ||||||||
Number of claims dismissed | 13 | ||||||||
Lights Ultra Lights Class Actions [Member] | |||||||||
Loss Contingencies [Line Items] | |||||||||
Number of cases pending | 11 | 12 | 15 | ||||||
Lights Ultra Lights Class Actions, Aspinall [Member] | Philip Morris USA [Member] | |||||||||
Loss Contingencies [Line Items] | |||||||||
Damages sought per class member | $ / plantiff | 25 | ||||||||
Lights Ultra Lights Class Actions, Brown [Member] | Philip Morris USA [Member] | |||||||||
Loss Contingencies [Line Items] | |||||||||
Litigation settlement, amount | $ | $ 764,553 | ||||||||
Lights Ultra Lights Class Actions, Price [Member] | Philip Morris USA [Member] | |||||||||
Loss Contingencies [Line Items] | |||||||||
Compensatory damages awarded | $ | $ 7,100,000,000 | ||||||||
Punitive damages awarded | $ | $ 3,000,000,000 | ||||||||
Damages awarded, value | $ | $ 10,100,000,000 | ||||||||
Subsequent Event [Member] | Lights [Member] | |||||||||
Loss Contingencies [Line Items] | |||||||||
Claims not certified, number | 20 | ||||||||
Subsequent Event [Member] | Lights [Member] | Philip Morris USA [Member] | |||||||||
Loss Contingencies [Line Items] | |||||||||
Number of claims filed | 26 | ||||||||
Number of states in which claims filed | state | 15 | ||||||||
Claims not certified, dismissed, reversed, resolved, number | 19 | ||||||||
Subsequent Event [Member] | Lights Ultra Lights Class Actions [Member] | |||||||||
Loss Contingencies [Line Items] | |||||||||
Number of cases pending | 11 |
Contingencies (Certain Other To
Contingencies (Certain Other Tobacco-Related Litigation, Guarantees and Other Similar Matters) (Details) $ in Millions | 12 Months Ended | |
Dec. 31, 2015USD ($)casedefendantplantiff | Dec. 31, 2014USD ($) | |
Loss Contingencies [Line Items] | ||
Contingent liability related to performance surety bonds | $ 21 | |
Redeemable noncontrolling interest | 37 | $ 35 |
Letter of Credit [Member] | ||
Loss Contingencies [Line Items] | ||
Maximum borrowing capacity | $ 62 | |
Michelle Antinori [Member] | ||
Loss Contingencies [Line Items] | ||
Cumulative percentage of ownership after all transactions | 85.00% | |
Ownership percentage by noncontrolling owners | 15.00% | |
Purchase price of non-controlling interest | $ 27 | |
Argentine Growers Case [Member] | ||
Loss Contingencies [Line Items] | ||
Number of defendants | defendant | 3 | |
Argentine Growers Case [Member] | Philip Morris USA [Member] | ||
Loss Contingencies [Line Items] | ||
Number of cases pending | case | 6 | |
Argentine Growers Case [Member] | Philip Morris USA [Member] | Pending Litigation [Member] | ||
Loss Contingencies [Line Items] | ||
Number of cases pending | case | 5 | |
UST Litigation [Member] | WEST VIRGINIA | ||
Loss Contingencies [Line Items] | ||
Number of plaintiffs | plantiff | 5 | |
UST Litigation [Member] | FLORIDA | ||
Loss Contingencies [Line Items] | ||
Number of cases pending | case | 1 |
(Condensed Consolidating Balanc
(Condensed Consolidating Balance Sheets) (Details) - USD ($) $ in Millions | Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Condensed Financial Statements, Captions [Line Items] | ||||
Cash and cash equivalents | $ 2,369 | $ 3,321 | $ 3,175 | $ 2,900 |
Receivables | 124 | 124 | ||
Inventories: | ||||
Leaf tobacco | 957 | 991 | ||
Other raw materials | 181 | 200 | ||
Work in process | 444 | 429 | ||
Finished product | 449 | 420 | ||
Inventory, net | 2,031 | 2,040 | ||
Due from Altria Group, Inc. and subsidiaries | 0 | 0 | ||
Deferred income taxes | 1,175 | 1,143 | ||
Other current assets | 387 | 250 | ||
Total current assets | 6,086 | 6,878 | ||
Property, plant and equipment, at cost | 4,877 | 4,755 | ||
Less accumulated depreciation | 2,895 | 2,772 | ||
Property, plant and equipment, net | 1,982 | 1,983 | ||
Goodwill | 5,285 | 5,285 | ||
Other intangible assets, net | 12,028 | 12,049 | ||
Investment in SABMiller | 5,483 | 6,183 | ||
Investment in consolidated subsidiaries | 0 | 0 | ||
Finance assets, net | 1,239 | 1,614 | ||
Due from Altria Group, Inc. and subsidiaries | 0 | 0 | ||
Other assets | 432 | 483 | ||
Total Assets | 32,535 | 34,475 | ||
Liabilities | ||||
Current portion of long-term debt | 4 | 1,000 | ||
Accounts payable | 400 | 416 | ||
Accrued liabilities: | ||||
Marketing | 695 | 618 | ||
Employment costs | 198 | 186 | ||
Settlement charges | 3,590 | 3,500 | ||
Other | 1,081 | 925 | ||
Dividends payable | 1,110 | 1,028 | ||
Due to Altria Group, Inc. and subsidiaries | 0 | 0 | ||
Total current liabilities | 7,078 | 7,673 | ||
Long-term debt | 12,915 | 13,693 | ||
Deferred income taxes | 5,663 | 6,088 | ||
Accrued pension costs | 1,277 | 1,012 | ||
Accrued postretirement health care costs | 2,245 | 2,461 | ||
Due to Altria Group, Inc. and subsidiaries | 0 | 0 | ||
Other liabilities | 447 | 503 | ||
Total liabilities | $ 29,625 | $ 31,430 | ||
Contingencies | ||||
Redeemable noncontrolling interest | $ 37 | $ 35 | ||
Stockholders' Equity | ||||
Common stock | 935 | 935 | ||
Additional paid-in capital | 5,813 | 5,735 | ||
Earnings reinvested in the business | 27,257 | 26,277 | ||
Accumulated other comprehensive losses | (3,280) | (2,682) | (1,378) | (2,040) |
Cost of repurchased stock | (27,845) | (27,251) | ||
Total stockholders’ equity attributable to Altria Group, Inc. | 2,880 | 3,014 | ||
Noncontrolling interests | (7) | (4) | ||
Total stockholders’ equity | 2,873 | 3,010 | 4,118 | 3,170 |
Total Liabilities and Stockholders’ Equity | 32,535 | 34,475 | ||
Reportable Legal Entities [Member] | Altria Group, Inc. [Member] | ||||
Condensed Financial Statements, Captions [Line Items] | ||||
Cash and cash equivalents | 2,313 | 3,281 | 3,114 | 2,862 |
Receivables | 0 | 0 | ||
Inventories: | ||||
Leaf tobacco | 0 | 0 | ||
Other raw materials | 0 | 0 | ||
Work in process | 0 | 0 | ||
Finished product | 0 | 0 | ||
Inventory, net | 0 | 0 | ||
Due from Altria Group, Inc. and subsidiaries | 0 | 568 | ||
Deferred income taxes | 0 | 0 | ||
Other current assets | 284 | 54 | ||
Total current assets | 2,597 | 3,903 | ||
Property, plant and equipment, at cost | 0 | 0 | ||
Less accumulated depreciation | 0 | 0 | ||
Property, plant and equipment, net | 0 | 0 | ||
Goodwill | 0 | 0 | ||
Other intangible assets, net | 0 | 0 | ||
Investment in SABMiller | 5,483 | 6,183 | ||
Investment in consolidated subsidiaries | 11,648 | 10,665 | ||
Finance assets, net | 0 | 0 | ||
Due from Altria Group, Inc. and subsidiaries | 4,790 | 4,790 | ||
Other assets | 92 | 148 | ||
Total Assets | 24,610 | 25,689 | ||
Liabilities | ||||
Current portion of long-term debt | 0 | 1,000 | ||
Accounts payable | 3 | 18 | ||
Accrued liabilities: | ||||
Marketing | 0 | 0 | ||
Employment costs | 18 | 18 | ||
Settlement charges | 0 | 0 | ||
Other | 354 | 321 | ||
Dividends payable | 1,110 | 1,028 | ||
Due to Altria Group, Inc. and subsidiaries | 5,427 | 4,414 | ||
Total current liabilities | 6,912 | 6,799 | ||
Long-term debt | 12,903 | 13,693 | ||
Deferred income taxes | 1,547 | 1,754 | ||
Accrued pension costs | 215 | 233 | ||
Accrued postretirement health care costs | 0 | 0 | ||
Due to Altria Group, Inc. and subsidiaries | 0 | 0 | ||
Other liabilities | 153 | 196 | ||
Total liabilities | $ 21,730 | $ 22,675 | ||
Contingencies | ||||
Redeemable noncontrolling interest | $ 0 | $ 0 | ||
Stockholders' Equity | ||||
Common stock | 935 | 935 | ||
Additional paid-in capital | 5,813 | 5,735 | ||
Earnings reinvested in the business | 27,257 | 26,277 | ||
Accumulated other comprehensive losses | (3,280) | (2,682) | ||
Cost of repurchased stock | (27,845) | (27,251) | ||
Total stockholders’ equity attributable to Altria Group, Inc. | 2,880 | 3,014 | ||
Noncontrolling interests | 0 | 0 | ||
Total stockholders’ equity | 2,880 | 3,014 | ||
Total Liabilities and Stockholders’ Equity | 24,610 | 25,689 | ||
Reportable Legal Entities [Member] | PM USA [Member] | ||||
Condensed Financial Statements, Captions [Line Items] | ||||
Cash and cash equivalents | 0 | 3 | 1 | 0 |
Receivables | 7 | 6 | ||
Inventories: | ||||
Leaf tobacco | 562 | 616 | ||
Other raw materials | 123 | 132 | ||
Work in process | 5 | 4 | ||
Finished product | 121 | 134 | ||
Inventory, net | 811 | 886 | ||
Due from Altria Group, Inc. and subsidiaries | 3,821 | 3,535 | ||
Deferred income taxes | 1,268 | 1,190 | ||
Other current assets | 65 | 101 | ||
Total current assets | 5,972 | 5,721 | ||
Property, plant and equipment, at cost | 3,102 | 3,112 | ||
Less accumulated depreciation | 2,157 | 2,091 | ||
Property, plant and equipment, net | 945 | 1,021 | ||
Goodwill | 0 | 0 | ||
Other intangible assets, net | 2 | 2 | ||
Investment in SABMiller | 0 | 0 | ||
Investment in consolidated subsidiaries | 2,715 | 2,775 | ||
Finance assets, net | 0 | 0 | ||
Due from Altria Group, Inc. and subsidiaries | 0 | 0 | ||
Other assets | 536 | 541 | ||
Total Assets | 10,170 | 10,060 | ||
Liabilities | ||||
Current portion of long-term debt | 0 | 0 | ||
Accounts payable | 104 | 118 | ||
Accrued liabilities: | ||||
Marketing | 586 | 505 | ||
Employment costs | 11 | 10 | ||
Settlement charges | 3,585 | 3,495 | ||
Other | 616 | 400 | ||
Dividends payable | 0 | 0 | ||
Due to Altria Group, Inc. and subsidiaries | 191 | 402 | ||
Total current liabilities | 5,093 | 4,930 | ||
Long-term debt | 0 | 0 | ||
Deferred income taxes | 0 | 0 | ||
Accrued pension costs | 0 | 0 | ||
Accrued postretirement health care costs | 1,460 | 1,608 | ||
Due to Altria Group, Inc. and subsidiaries | 0 | 0 | ||
Other liabilities | 126 | 151 | ||
Total liabilities | $ 6,679 | $ 6,689 | ||
Contingencies | ||||
Redeemable noncontrolling interest | $ 0 | $ 0 | ||
Stockholders' Equity | ||||
Common stock | 0 | 0 | ||
Additional paid-in capital | 3,310 | 3,310 | ||
Earnings reinvested in the business | 436 | 402 | ||
Accumulated other comprehensive losses | (255) | (341) | ||
Cost of repurchased stock | 0 | 0 | ||
Total stockholders’ equity attributable to Altria Group, Inc. | 3,491 | 3,371 | ||
Noncontrolling interests | 0 | 0 | ||
Total stockholders’ equity | 3,491 | 3,371 | ||
Total Liabilities and Stockholders’ Equity | 10,170 | 10,060 | ||
Reportable Legal Entities [Member] | Non-Guarantor Subsidiaries [Member] | ||||
Condensed Financial Statements, Captions [Line Items] | ||||
Cash and cash equivalents | 56 | 37 | 60 | 38 |
Receivables | 117 | 118 | ||
Inventories: | ||||
Leaf tobacco | 395 | 375 | ||
Other raw materials | 58 | 68 | ||
Work in process | 439 | 425 | ||
Finished product | 328 | 286 | ||
Inventory, net | 1,220 | 1,154 | ||
Due from Altria Group, Inc. and subsidiaries | 1,807 | 1,279 | ||
Deferred income taxes | 7 | 9 | ||
Other current assets | 112 | 122 | ||
Total current assets | 3,319 | 2,719 | ||
Property, plant and equipment, at cost | 1,775 | 1,643 | ||
Less accumulated depreciation | 738 | 681 | ||
Property, plant and equipment, net | 1,037 | 962 | ||
Goodwill | 5,285 | 5,285 | ||
Other intangible assets, net | 12,026 | 12,047 | ||
Investment in SABMiller | 0 | 0 | ||
Investment in consolidated subsidiaries | 0 | 0 | ||
Finance assets, net | 1,239 | 1,614 | ||
Due from Altria Group, Inc. and subsidiaries | 0 | 0 | ||
Other assets | 131 | 121 | ||
Total Assets | 23,037 | 22,748 | ||
Liabilities | ||||
Current portion of long-term debt | 4 | 0 | ||
Accounts payable | 293 | 280 | ||
Accrued liabilities: | ||||
Marketing | 109 | 113 | ||
Employment costs | 169 | 158 | ||
Settlement charges | 5 | 5 | ||
Other | 285 | 287 | ||
Dividends payable | 0 | 0 | ||
Due to Altria Group, Inc. and subsidiaries | 10 | 566 | ||
Total current liabilities | 875 | 1,409 | ||
Long-term debt | 12 | 0 | ||
Deferred income taxes | 4,443 | 4,661 | ||
Accrued pension costs | 1,062 | 779 | ||
Accrued postretirement health care costs | 785 | 853 | ||
Due to Altria Group, Inc. and subsidiaries | 4,790 | 4,790 | ||
Other liabilities | 168 | 156 | ||
Total liabilities | $ 12,135 | $ 12,648 | ||
Contingencies | ||||
Redeemable noncontrolling interest | $ 37 | $ 35 | ||
Stockholders' Equity | ||||
Common stock | 9 | 9 | ||
Additional paid-in capital | 11,456 | 10,688 | ||
Earnings reinvested in the business | 1,099 | 995 | ||
Accumulated other comprehensive losses | (1,692) | (1,623) | ||
Cost of repurchased stock | 0 | 0 | ||
Total stockholders’ equity attributable to Altria Group, Inc. | 10,872 | 10,069 | ||
Noncontrolling interests | (7) | (4) | ||
Total stockholders’ equity | 10,865 | 10,065 | ||
Total Liabilities and Stockholders’ Equity | 23,037 | 22,748 | ||
Total Consolidating Adjustments [Member] | ||||
Condensed Financial Statements, Captions [Line Items] | ||||
Cash and cash equivalents | 0 | 0 | $ 0 | $ 0 |
Receivables | 0 | 0 | ||
Inventories: | ||||
Leaf tobacco | 0 | 0 | ||
Other raw materials | 0 | 0 | ||
Work in process | 0 | 0 | ||
Finished product | 0 | 0 | ||
Inventory, net | 0 | 0 | ||
Due from Altria Group, Inc. and subsidiaries | (5,628) | (5,382) | ||
Deferred income taxes | (100) | (56) | ||
Other current assets | (74) | (27) | ||
Total current assets | (5,802) | (5,465) | ||
Property, plant and equipment, at cost | 0 | 0 | ||
Less accumulated depreciation | 0 | 0 | ||
Property, plant and equipment, net | 0 | 0 | ||
Goodwill | 0 | 0 | ||
Other intangible assets, net | 0 | 0 | ||
Investment in SABMiller | 0 | 0 | ||
Investment in consolidated subsidiaries | (14,363) | (13,440) | ||
Finance assets, net | 0 | 0 | ||
Due from Altria Group, Inc. and subsidiaries | (4,790) | (4,790) | ||
Other assets | (327) | (327) | ||
Total Assets | (25,282) | (24,022) | ||
Liabilities | ||||
Current portion of long-term debt | 0 | 0 | ||
Accounts payable | 0 | 0 | ||
Accrued liabilities: | ||||
Marketing | 0 | 0 | ||
Employment costs | 0 | 0 | ||
Settlement charges | 0 | 0 | ||
Other | (174) | (83) | ||
Dividends payable | 0 | 0 | ||
Due to Altria Group, Inc. and subsidiaries | (5,628) | (5,382) | ||
Total current liabilities | (5,802) | (5,465) | ||
Long-term debt | 0 | 0 | ||
Deferred income taxes | (327) | (327) | ||
Accrued pension costs | 0 | 0 | ||
Accrued postretirement health care costs | 0 | 0 | ||
Due to Altria Group, Inc. and subsidiaries | (4,790) | (4,790) | ||
Other liabilities | 0 | 0 | ||
Total liabilities | $ (10,919) | $ (10,582) | ||
Contingencies | ||||
Redeemable noncontrolling interest | $ 0 | $ 0 | ||
Stockholders' Equity | ||||
Common stock | (9) | (9) | ||
Additional paid-in capital | (14,766) | (13,998) | ||
Earnings reinvested in the business | (1,535) | (1,397) | ||
Accumulated other comprehensive losses | 1,947 | 1,964 | ||
Cost of repurchased stock | 0 | 0 | ||
Total stockholders’ equity attributable to Altria Group, Inc. | (14,363) | (13,440) | ||
Noncontrolling interests | 0 | 0 | ||
Total stockholders’ equity | (14,363) | (13,440) | ||
Total Liabilities and Stockholders’ Equity | $ (25,282) | $ (24,022) |
Condensed Consolidating Fina118
Condensed Consolidating Financial Information (Condensed Consolidating Statements of Earnings) (Details) - USD ($) $ in Millions | 3 Months Ended | 12 Months Ended | |||||||||
Dec. 31, 2015 | Sep. 30, 2015 | Jun. 30, 2015 | Mar. 31, 2015 | Dec. 31, 2014 | Sep. 30, 2014 | Jun. 30, 2014 | Mar. 31, 2014 | Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | |
Condensed Financial Statements, Captions [Line Items] | |||||||||||
Net revenues | $ 6,318 | $ 6,699 | $ 6,613 | $ 5,804 | $ 6,258 | $ 6,491 | $ 6,256 | $ 5,517 | $ 25,434 | $ 24,522 | $ 24,466 |
Cost of sales | 7,740 | 7,785 | 7,206 | ||||||||
Excise taxes on products | 6,580 | 6,577 | 6,803 | ||||||||
Gross profit | 2,722 | 3,046 | 2,871 | 2,475 | 2,627 | 2,674 | 2,603 | 2,256 | 11,114 | 10,160 | 10,457 |
Marketing, administration and research costs | 2,708 | 2,539 | 2,340 | ||||||||
Changes to Mondelēz and PMI tax-related receivables/payables | 41 | 2 | 22 | ||||||||
Asset impairment and exit costs | 4 | (1) | 11 | ||||||||
Operating income | 8,361 | 7,620 | 8,084 | ||||||||
Interest and other debt expense, net | 817 | 808 | 1,049 | ||||||||
Loss on early extinguishment of debt | 0 | 0 | 0 | 228 | 44 | 0 | 0 | 0 | 228 | 44 | 1,084 |
Earnings from equity investment in SABMiller | (757) | (1,006) | (991) | ||||||||
Other income, net | (5) | 0 | 0 | 0 | (5) | 0 | 0 | ||||
Earnings before income taxes | 8,078 | 7,774 | 6,942 | ||||||||
(Benefit) provision for income taxes | 2,835 | 2,704 | 2,407 | ||||||||
Equity earnings of subsidiaries | 0 | 0 | 0 | ||||||||
Net earnings | 1,248 | 1,528 | 1,449 | 1,018 | 1,236 | 1,397 | 1,262 | 1,175 | 5,243 | 5,070 | 4,535 |
Net earnings attributable to noncontrolling interests | (2) | 0 | 0 | ||||||||
Net earnings attributable to Altria Group, Inc. | $ 1,247 | $ 1,528 | $ 1,448 | $ 1,018 | $ 1,236 | $ 1,397 | $ 1,262 | $ 1,175 | 5,241 | 5,070 | 4,535 |
Other comprehensive (losses) earnings, net of deferred income taxes | (598) | (1,304) | 662 | ||||||||
Comprehensive earnings | 4,645 | 3,766 | 5,197 | ||||||||
Comprehensive earnings attributable to noncontrolling interests | (2) | 0 | 0 | ||||||||
Comprehensive earnings attributable to Altria Group, Inc. | 4,643 | 3,766 | 5,197 | ||||||||
Reportable Legal Entities [Member] | Altria Group, Inc. [Member] | |||||||||||
Condensed Financial Statements, Captions [Line Items] | |||||||||||
Net revenues | 0 | 0 | 0 | ||||||||
Cost of sales | 0 | 0 | 0 | ||||||||
Excise taxes on products | 0 | 0 | 0 | ||||||||
Gross profit | 0 | 0 | 0 | ||||||||
Marketing, administration and research costs | 189 | 231 | 223 | ||||||||
Changes to Mondelēz and PMI tax-related receivables/payables | 41 | 2 | 25 | ||||||||
Asset impairment and exit costs | 0 | 0 | 0 | ||||||||
Operating income | (230) | (233) | (248) | ||||||||
Interest and other debt expense, net | 560 | 614 | 643 | ||||||||
Loss on early extinguishment of debt | 228 | 0 | 1,084 | ||||||||
Earnings from equity investment in SABMiller | (757) | (1,006) | (991) | ||||||||
Other income, net | (5) | ||||||||||
Earnings before income taxes | (256) | 159 | (984) | ||||||||
(Benefit) provision for income taxes | (184) | (119) | (488) | ||||||||
Equity earnings of subsidiaries | 5,313 | 4,792 | 5,031 | ||||||||
Net earnings | 5,241 | 5,070 | 4,535 | ||||||||
Net earnings attributable to noncontrolling interests | 0 | 0 | 0 | ||||||||
Net earnings attributable to Altria Group, Inc. | 5,241 | 5,070 | 4,535 | ||||||||
Other comprehensive (losses) earnings, net of deferred income taxes | (598) | (1,304) | 662 | ||||||||
Comprehensive earnings | 4,643 | 3,766 | 5,197 | ||||||||
Comprehensive earnings attributable to noncontrolling interests | 0 | 0 | 0 | ||||||||
Comprehensive earnings attributable to Altria Group, Inc. | 4,643 | 3,766 | 5,197 | ||||||||
Reportable Legal Entities [Member] | PM USA [Member] | |||||||||||
Condensed Financial Statements, Captions [Line Items] | |||||||||||
Net revenues | 22,133 | 21,298 | 21,231 | ||||||||
Cost of sales | 6,664 | 6,722 | 6,281 | ||||||||
Excise taxes on products | 6,369 | 6,358 | 6,553 | ||||||||
Gross profit | 9,100 | 8,218 | 8,397 | ||||||||
Marketing, administration and research costs | 2,094 | 1,889 | 1,837 | ||||||||
Changes to Mondelēz and PMI tax-related receivables/payables | 0 | 0 | (3) | ||||||||
Asset impairment and exit costs | 0 | (6) | 3 | ||||||||
Operating income | 7,006 | 6,335 | 6,560 | ||||||||
Interest and other debt expense, net | 33 | (46) | 2 | ||||||||
Loss on early extinguishment of debt | 0 | 0 | 0 | ||||||||
Earnings from equity investment in SABMiller | 0 | 0 | 0 | ||||||||
Other income, net | 0 | ||||||||||
Earnings before income taxes | 6,973 | 6,381 | 6,558 | ||||||||
(Benefit) provision for income taxes | 2,536 | 2,381 | 2,406 | ||||||||
Equity earnings of subsidiaries | 268 | 244 | 216 | ||||||||
Net earnings | 4,705 | 4,244 | 4,368 | ||||||||
Net earnings attributable to noncontrolling interests | 0 | 0 | 0 | ||||||||
Net earnings attributable to Altria Group, Inc. | 4,705 | 4,244 | 4,368 | ||||||||
Other comprehensive (losses) earnings, net of deferred income taxes | 86 | (110) | 198 | ||||||||
Comprehensive earnings | 4,791 | 4,134 | 4,566 | ||||||||
Comprehensive earnings attributable to noncontrolling interests | 0 | 0 | 0 | ||||||||
Comprehensive earnings attributable to Altria Group, Inc. | 4,791 | 4,134 | 4,566 | ||||||||
Reportable Legal Entities [Member] | Non-Guarantor Subsidiaries [Member] | |||||||||||
Condensed Financial Statements, Captions [Line Items] | |||||||||||
Net revenues | 3,342 | 3,267 | 3,269 | ||||||||
Cost of sales | 1,117 | 1,106 | 959 | ||||||||
Excise taxes on products | 211 | 219 | 250 | ||||||||
Gross profit | 2,014 | 1,942 | 2,060 | ||||||||
Marketing, administration and research costs | 425 | 419 | 280 | ||||||||
Changes to Mondelēz and PMI tax-related receivables/payables | 0 | 0 | 0 | ||||||||
Asset impairment and exit costs | 4 | 5 | 8 | ||||||||
Operating income | 1,585 | 1,518 | 1,772 | ||||||||
Interest and other debt expense, net | 224 | 240 | 404 | ||||||||
Loss on early extinguishment of debt | 0 | 44 | 0 | ||||||||
Earnings from equity investment in SABMiller | 0 | 0 | 0 | ||||||||
Other income, net | 0 | ||||||||||
Earnings before income taxes | 1,361 | 1,234 | 1,368 | ||||||||
(Benefit) provision for income taxes | 483 | 442 | 489 | ||||||||
Equity earnings of subsidiaries | 0 | 0 | 0 | ||||||||
Net earnings | 878 | 792 | 879 | ||||||||
Net earnings attributable to noncontrolling interests | (2) | 0 | 0 | ||||||||
Net earnings attributable to Altria Group, Inc. | 876 | 792 | 879 | ||||||||
Other comprehensive (losses) earnings, net of deferred income taxes | (69) | (642) | 910 | ||||||||
Comprehensive earnings | 809 | 150 | 1,789 | ||||||||
Comprehensive earnings attributable to noncontrolling interests | (2) | 0 | 0 | ||||||||
Comprehensive earnings attributable to Altria Group, Inc. | 807 | 150 | 1,789 | ||||||||
Total Consolidating Adjustments [Member] | |||||||||||
Condensed Financial Statements, Captions [Line Items] | |||||||||||
Net revenues | (41) | (43) | (34) | ||||||||
Cost of sales | (41) | (43) | (34) | ||||||||
Excise taxes on products | 0 | 0 | 0 | ||||||||
Gross profit | 0 | 0 | 0 | ||||||||
Marketing, administration and research costs | 0 | 0 | 0 | ||||||||
Changes to Mondelēz and PMI tax-related receivables/payables | 0 | 0 | 0 | ||||||||
Asset impairment and exit costs | 0 | 0 | 0 | ||||||||
Operating income | 0 | 0 | 0 | ||||||||
Interest and other debt expense, net | 0 | 0 | 0 | ||||||||
Loss on early extinguishment of debt | 0 | 0 | 0 | ||||||||
Earnings from equity investment in SABMiller | 0 | 0 | 0 | ||||||||
Other income, net | 0 | ||||||||||
Earnings before income taxes | 0 | 0 | 0 | ||||||||
(Benefit) provision for income taxes | 0 | 0 | 0 | ||||||||
Equity earnings of subsidiaries | (5,581) | (5,036) | (5,247) | ||||||||
Net earnings | (5,581) | (5,036) | (5,247) | ||||||||
Net earnings attributable to noncontrolling interests | 0 | 0 | 0 | ||||||||
Net earnings attributable to Altria Group, Inc. | (5,581) | (5,036) | (5,247) | ||||||||
Other comprehensive (losses) earnings, net of deferred income taxes | (17) | 752 | (1,108) | ||||||||
Comprehensive earnings | (5,598) | (4,284) | (6,355) | ||||||||
Comprehensive earnings attributable to noncontrolling interests | 0 | 0 | 0 | ||||||||
Comprehensive earnings attributable to Altria Group, Inc. | $ (5,598) | $ (4,284) | $ (6,355) |
Condensed Consolidating Fina119
Condensed Consolidating Financial Information (Condensed Consolidating Statements of Cash Flows) (Details) - USD ($) $ in Millions | 9 Months Ended | 12 Months Ended | ||
Sep. 30, 2014 | Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | |
Condensed Financial Statements, Captions [Line Items] | ||||
Net cash provided by operating activities | $ 5,810 | $ 4,663 | $ 4,375 | |
Cash Provided by (Used in) Investing Activities | ||||
Capital expenditures | (229) | (163) | (131) | |
Acquisition of Green Smoke, net of acquired cash | 0 | (102) | 0 | |
Proceeds from finance assets | 354 | 369 | 716 | |
Payment for derivative financial instrument | (132) | 0 | 0 | |
Other | (8) | 73 | 17 | |
Net cash (used in) provided by investing activities | (15) | 177 | 602 | |
Cash Provided by (Used in) Financing Activities | ||||
Long-term debt issued | 0 | 999 | 4,179 | |
Long-term debt repaid | (1,793) | (825) | (3,559) | |
Repurchases of common stock | (554) | (939) | (634) | |
Dividends paid on common stock | (4,179) | (3,892) | (3,612) | |
Changes in amounts due to/from Altria Group, Inc. and subsidiaries | 0 | 0 | 0 | |
Premiums and fees related to early extinguishment of debt | (226) | (44) | (1,054) | |
Cash dividends paid to parent | 0 | 0 | 0 | |
Other | 5 | 7 | (22) | |
Net cash used in financing activities | (6,747) | (4,694) | (4,702) | |
(Decrease) increase | (952) | 146 | 275 | |
Balance at beginning of year | $ 3,175 | 3,321 | 3,175 | 2,900 |
Balance at end of year | 2,369 | 3,321 | 3,175 | |
Reportable Legal Entities [Member] | Altria Group, Inc. [Member] | ||||
Condensed Financial Statements, Captions [Line Items] | ||||
Net cash provided by operating activities | 5,085 | 4,924 | 4,520 | |
Cash Provided by (Used in) Investing Activities | ||||
Capital expenditures | 0 | 0 | 0 | |
Acquisition of Green Smoke, net of acquired cash | 0 | |||
Proceeds from finance assets | 0 | 0 | 0 | 0 |
Payment for derivative financial instrument | (132) | |||
Other | 0 | 0 | 0 | |
Net cash (used in) provided by investing activities | (132) | 0 | 0 | |
Cash Provided by (Used in) Financing Activities | ||||
Long-term debt issued | 999 | 4,179 | ||
Long-term debt repaid | (1,793) | (525) | (3,559) | |
Repurchases of common stock | (554) | (939) | (634) | |
Dividends paid on common stock | (4,179) | (3,892) | (3,612) | |
Changes in amounts due to/from Altria Group, Inc. and subsidiaries | 814 | (411) | 432 | |
Premiums and fees related to early extinguishment of debt | (226) | 0 | (1,054) | |
Cash dividends paid to parent | 0 | 0 | 0 | |
Other | 17 | 11 | (20) | |
Net cash used in financing activities | (5,921) | (4,757) | (4,268) | |
(Decrease) increase | (968) | 167 | 252 | |
Balance at beginning of year | 3,114 | 3,281 | 3,114 | 2,862 |
Balance at end of year | 2,313 | 3,281 | 3,114 | |
Reportable Legal Entities [Member] | PM USA [Member] | ||||
Condensed Financial Statements, Captions [Line Items] | ||||
Net cash provided by operating activities | 5,204 | 4,451 | 4,192 | |
Cash Provided by (Used in) Investing Activities | ||||
Capital expenditures | (51) | (44) | (31) | |
Acquisition of Green Smoke, net of acquired cash | 0 | |||
Proceeds from finance assets | 0 | 0 | ||
Payment for derivative financial instrument | 0 | |||
Other | 10 | 70 | 0 | |
Net cash (used in) provided by investing activities | (41) | 26 | (31) | |
Cash Provided by (Used in) Financing Activities | ||||
Long-term debt issued | 0 | 0 | ||
Long-term debt repaid | 0 | 0 | 0 | |
Repurchases of common stock | 0 | 0 | 0 | |
Dividends paid on common stock | 0 | 0 | 0 | |
Changes in amounts due to/from Altria Group, Inc. and subsidiaries | (495) | (351) | 240 | |
Premiums and fees related to early extinguishment of debt | 0 | 0 | 0 | |
Cash dividends paid to parent | (4,671) | (4,124) | (4,400) | |
Other | 0 | 0 | 0 | |
Net cash used in financing activities | (5,166) | (4,475) | (4,160) | |
(Decrease) increase | (3) | 2 | 1 | |
Balance at beginning of year | 1 | 3 | 1 | 0 |
Balance at end of year | 0 | 3 | 1 | |
Reportable Legal Entities [Member] | Non-Guarantor Subsidiaries [Member] | ||||
Condensed Financial Statements, Captions [Line Items] | ||||
Net cash provided by operating activities | 961 | 707 | 387 | |
Cash Provided by (Used in) Investing Activities | ||||
Capital expenditures | (178) | (119) | (100) | |
Acquisition of Green Smoke, net of acquired cash | (102) | |||
Proceeds from finance assets | 354 | 369 | 716 | |
Payment for derivative financial instrument | 0 | |||
Other | (18) | 3 | 17 | |
Net cash (used in) provided by investing activities | 158 | 151 | 633 | |
Cash Provided by (Used in) Financing Activities | ||||
Long-term debt issued | 0 | 0 | ||
Long-term debt repaid | 0 | (300) | 0 | |
Repurchases of common stock | 0 | 0 | 0 | |
Dividends paid on common stock | 0 | 0 | 0 | |
Changes in amounts due to/from Altria Group, Inc. and subsidiaries | (319) | 762 | (672) | |
Premiums and fees related to early extinguishment of debt | 0 | (44) | 0 | |
Cash dividends paid to parent | (769) | (1,295) | (324) | |
Other | (12) | (4) | (2) | |
Net cash used in financing activities | (1,100) | (881) | (998) | |
(Decrease) increase | 19 | (23) | 22 | |
Balance at beginning of year | 60 | 37 | 60 | 38 |
Balance at end of year | 56 | 37 | 60 | |
Total Consolidating Adjustments [Member] | ||||
Condensed Financial Statements, Captions [Line Items] | ||||
Net cash provided by operating activities | (5,440) | (5,419) | (4,724) | |
Cash Provided by (Used in) Investing Activities | ||||
Capital expenditures | 0 | 0 | 0 | |
Acquisition of Green Smoke, net of acquired cash | 0 | |||
Proceeds from finance assets | 0 | 0 | 0 | |
Payment for derivative financial instrument | 0 | |||
Other | 0 | 0 | 0 | |
Net cash (used in) provided by investing activities | 0 | 0 | 0 | |
Cash Provided by (Used in) Financing Activities | ||||
Long-term debt issued | 0 | 0 | ||
Long-term debt repaid | 0 | 0 | 0 | |
Repurchases of common stock | 0 | 0 | 0 | |
Dividends paid on common stock | 0 | 0 | 0 | |
Changes in amounts due to/from Altria Group, Inc. and subsidiaries | 0 | 0 | 0 | |
Premiums and fees related to early extinguishment of debt | 0 | 0 | 0 | |
Cash dividends paid to parent | 5,440 | 5,419 | 4,724 | |
Other | 0 | 0 | 0 | |
Net cash used in financing activities | 5,440 | 5,419 | 4,724 | |
(Decrease) increase | 0 | 0 | 0 | |
Balance at beginning of year | $ 0 | 0 | 0 | 0 |
Balance at end of year | $ 0 | $ 0 | $ 0 |
Quarterly Financial Data (Un120
Quarterly Financial Data (Unaudited) (Details) - USD ($) $ / shares in Units, $ in Millions | 3 Months Ended | 12 Months Ended | |||||||||
Dec. 31, 2015 | Sep. 30, 2015 | Jun. 30, 2015 | Mar. 31, 2015 | Dec. 31, 2014 | Sep. 30, 2014 | Jun. 30, 2014 | Mar. 31, 2014 | Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | |
Quarterly Financial Data [Abstract] | |||||||||||
Net revenues | $ 6,318 | $ 6,699 | $ 6,613 | $ 5,804 | $ 6,258 | $ 6,491 | $ 6,256 | $ 5,517 | $ 25,434 | $ 24,522 | $ 24,466 |
Gross profit | 2,722 | 3,046 | 2,871 | 2,475 | 2,627 | 2,674 | 2,603 | 2,256 | 11,114 | 10,160 | 10,457 |
Net earnings | 1,248 | 1,528 | 1,449 | 1,018 | 1,236 | 1,397 | 1,262 | 1,175 | 5,243 | 5,070 | 4,535 |
Net earnings attributable to Altria Group, Inc. | $ 1,247 | $ 1,528 | $ 1,448 | $ 1,018 | $ 1,236 | $ 1,397 | $ 1,262 | $ 1,175 | $ 5,241 | $ 5,070 | $ 4,535 |
Basic and diluted EPS attributable to Altria Group, Inc. (usd per share) | $ 0.64 | $ 0.78 | $ 0.74 | $ 0.52 | $ 0.63 | $ 0.71 | $ 0.64 | $ 0.59 | $ 2.67 | $ 2.56 | $ 2.26 |
Quarterly Financial Data (Un121
Quarterly Financial Data (Unaudited) (Schedule of Pre-tax Charges or (Gains) Included in Net Earnings Attributable to Altria Group, Inc.) (Details) - USD ($) $ in Millions | 3 Months Ended | 12 Months Ended | |||||||||
Dec. 31, 2015 | Sep. 30, 2015 | Jun. 30, 2015 | Mar. 31, 2015 | Dec. 31, 2014 | Sep. 30, 2014 | Jun. 30, 2014 | Mar. 31, 2014 | Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | |
Condensed Financial Statements, Captions [Line Items] | |||||||||||
NPM Adjustment Items | $ (84) | $ (90) | $ (664) | ||||||||
Asset impairment, exit and integration costs | $ 3 | $ 1 | $ 7 | $ 0 | |||||||
Loss on early extinguishment of debt | 0 | 0 | 0 | 228 | $ 44 | $ 0 | $ 0 | $ 0 | 228 | 44 | 1,084 |
Other income, net | (5) | 0 | 0 | 0 | $ (5) | $ 0 | $ 0 | ||||
SABMiller special items | 30 | 8 | 2 | 86 | 35 | (42) | 23 | 9 | |||
Pre-tax charges (gains) included in net earnings | 105 | (50) | 14 | 357 | 89 | (23) | 27 | (49) | |||
Asset impairment, exit, integration and acquisition-related costs | 5 | 15 | (1) | 2 | |||||||
NPM Adjustment | |||||||||||
Condensed Financial Statements, Captions [Line Items] | |||||||||||
NPM Adjustment Items | 42 | (126) | 0 | 0 | 0 | 0 | (26) | (64) | |||
Tobacco and Health Judgment [Member] | |||||||||||
Condensed Financial Statements, Captions [Line Items] | |||||||||||
Tobacco and health litigation items, including accrued interest | $ 35 | $ 67 | $ 5 | $ 43 | $ 5 | $ 4 | $ 31 | $ 4 |
Subsequent Event (Details)
Subsequent Event (Details) - USD ($) $ / shares in Units, $ in Millions | Jan. 27, 2016 | Mar. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 |
Subsequent Event [Line Items] | |||||
Restructuring charges | $ 4 | $ (1) | $ 11 | ||
Productivity Initiative [Member] | Scenario, Forecast [Member] | |||||
Subsequent Event [Line Items] | |||||
Restructuring charges | $ 140 | ||||
Restructuring charges per share (USD per share) | $ 0.05 | ||||
Employee separation costs | $ 120 | ||||
Other associated restructuring costs | $ 20 | ||||
Productivity Initiative [Member] | Subsequent Event [Member] | |||||
Subsequent Event [Line Items] | |||||
Annualized productivity savings | $ 300 |