Document and Entity Information
Document and Entity Information - shares | 3 Months Ended | |
Mar. 31, 2016 | Apr. 19, 2016 | |
Document And Entity Information [Abstract] | ||
Document Type | 10-Q | |
Amendment Flag | false | |
Document Period End Date | Mar. 31, 2016 | |
Document Fiscal Year Focus | 2,016 | |
Document Fiscal Period Focus | Q1 | |
Trading Symbol | mo | |
Entity Registrant Name | ALTRIA GROUP, INC. | |
Entity Central Index Key | 764,180 | |
Current Fiscal Year End Date | --12-31 | |
Entity Filer Category | Large Accelerated Filer | |
Entity Common Stock, Shares Outstanding | 1,956,424,846 |
Condensed Consolidated Balance
Condensed Consolidated Balance Sheets - USD ($) $ in Millions | Mar. 31, 2016 | Dec. 31, 2015 | Mar. 31, 2015 | Dec. 31, 2014 |
ASSETS | ||||
Cash and cash equivalents | $ 3,815 | $ 2,369 | $ 3,674 | $ 3,321 |
Receivables | 104 | 124 | ||
Inventories: | ||||
Leaf tobacco | 994 | 957 | ||
Other raw materials | 178 | 181 | ||
Work in process | 436 | 444 | ||
Finished product | 500 | 449 | ||
Inventory, net | 2,108 | 2,031 | ||
Deferred income taxes | 1,175 | 1,175 | ||
Other current assets | 296 | 387 | ||
Total current assets | 7,498 | 6,086 | ||
Property, plant and equipment, at cost | 4,849 | 4,877 | ||
Less accumulated depreciation | 2,894 | 2,895 | ||
Property, plant and equipment, net | 1,955 | 1,982 | ||
Goodwill | 5,285 | 5,285 | ||
Other intangible assets, net | 12,023 | 12,028 | ||
Investment in SABMiller | 5,743 | 5,483 | ||
Finance assets, net | 1,165 | 1,239 | ||
Other assets | 394 | 360 | ||
Total Assets | 34,063 | 32,463 | ||
LIABILITIES | ||||
Current portion of long-term debt | 4 | 4 | ||
Accounts payable | 208 | 400 | ||
Accrued liabilities: | ||||
Marketing | 687 | 695 | ||
Employment costs | 137 | 198 | ||
Settlement charges | 4,760 | 3,590 | ||
Other | 1,121 | 1,081 | ||
Income taxes | 590 | 0 | ||
Dividends payable | 1,109 | 1,110 | ||
Total current liabilities | 8,616 | 7,078 | ||
Long-term debt | 12,846 | 12,843 | ||
Deferred income taxes | 5,606 | 5,663 | ||
Accrued pension costs | 1,479 | 1,277 | ||
Accrued postretirement health care costs | 2,314 | 2,245 | ||
Other liabilities | 417 | 447 | ||
Total liabilities | $ 31,278 | $ 29,553 | ||
Contingencies | ||||
Redeemable noncontrolling interest | $ 37 | $ 37 | ||
STOCKHOLDERS' EQUITY | ||||
Common stock, par value $0.33 1/3 per share (2,805,961,317 shares issued) | 935 | 935 | ||
Additional paid-in capital | 5,818 | 5,813 | ||
Earnings reinvested in the business | 27,367 | 27,257 | ||
Accumulated other comprehensive losses | (3,327) | (3,280) | $ (2,945) | (2,682) |
Cost of repurchased stock (849,251,121 shares at March 31, 2016 and 845,901,836 shares at December 31, 2015) | (28,048) | (27,845) | ||
Total stockholders' equity attributable to Altria Group, Inc. | 2,745 | 2,880 | ||
Noncontrolling interests | 3 | (7) | ||
Total stockholders' equity | 2,748 | 2,873 | $ 3,010 | |
Total Liabilities and Stockholders' Equity | $ 34,063 | $ 32,463 |
Condensed Consolidated Balance3
Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares | Mar. 31, 2016 | Dec. 31, 2015 |
Statement of Financial Position [Abstract] | ||
Common stock, par value (usd per share) | $ 0.3333 | $ 0.3333 |
Common stock, shares issued | 2,805,961,317 | 2,805,961,317 |
Cost of repurchased stock, shares | 849,251,121 | 845,901,836 |
Condensed Consolidated Statemen
Condensed Consolidated Statements of Earnings - USD ($) $ in Millions | 3 Months Ended | |
Mar. 31, 2016 | Mar. 31, 2015 | |
Income Statement [Abstract] | ||
Net revenues | $ 6,066 | $ 5,804 |
Cost of sales | 1,874 | 1,797 |
Excise taxes on products | 1,536 | 1,532 |
Gross profit | 2,656 | 2,475 |
Marketing, administration and research costs | 559 | 610 |
Asset impairment and exit costs | 120 | 0 |
Operating income (expense) | 1,977 | 1,865 |
Interest and other debt expense, net | 200 | 209 |
Loss on early extinguishment of debt | 0 | 228 |
Earnings from equity investment in SABMiller | (66) | (134) |
Gain on derivative financial instrument | (40) | 0 |
Earnings (loss) before income taxes | 1,883 | 1,562 |
Provision for income taxes | 665 | 544 |
Net earnings | 1,218 | 1,018 |
Net earnings attributable to noncontrolling interests | (1) | 0 |
Net earnings attributable to Altria Group, Inc. | $ 1,217 | $ 1,018 |
Per share data: | ||
Basic and diluted earnings per share attributable to Altria Group, Inc. (usd per share) | $ 0.62 | $ 0.52 |
Dividends declared (usd per share) | $ 0.565 | $ 0.52 |
Condensed Consolidated Stateme5
Condensed Consolidated Statements of Comprehensive Earnings - USD ($) $ in Millions | 3 Months Ended | |
Mar. 31, 2016 | Mar. 31, 2015 | |
Statement of Comprehensive Income [Abstract] | ||
Net earnings | $ 1,218 | $ 1,018 |
Other comprehensive earnings (losses), net of deferred income taxes: | ||
Currency translation adjustments | 1 | (1) |
Benefit plans | (174) | 42 |
SABMiller | 126 | (304) |
Other comprehensive earnings (losses), net of deferred income taxes | (47) | (263) |
Comprehensive earnings | 1,171 | 755 |
Comprehensive earnings attributable to noncontrolling interests | (1) | 0 |
Comprehensive earnings attributable to Altria Group, Inc. | $ 1,170 | $ 755 |
Condensed Consolidated Stateme6
Condensed 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] | Noncontrolling Interests [Member] | |
Beginning balance 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) | [1] | 5,238 | 5,241 | (3) | ||||
Other comprehensive earnings (losses), net of deferred income taxes (benefit) | (598) | (598) | ||||||
Stock award activity | 38 | 78 | (40) | |||||
Cash dividends declared | (4,261) | (4,261) | ||||||
Repurchases of common stock | (554) | (554) | ||||||
Ending balance at Dec. 31, 2015 | 2,873 | 935 | 5,813 | 27,257 | (3,280) | (27,845) | (7) | |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||||
Net earnings (losses) | [1] | 1,217 | 1,217 | |||||
Other comprehensive earnings (losses), net of deferred income taxes (benefit) | (47) | (47) | ||||||
Stock award activity | (20) | 15 | (35) | |||||
Cash dividends declared | (1,107) | (1,107) | ||||||
Repurchases of common stock | (168) | (168) | ||||||
Other | (10) | 10 | ||||||
Ending balance at Mar. 31, 2016 | $ 2,748 | $ 935 | $ 5,818 | $ 27,367 | $ (3,327) | $ (28,048) | $ 3 | |
[1] | Amounts attributable to noncontrolling interests for the three months ended March 31, 2016 and for the year ended December 31, 2015 exclude net earnings of $1 million and $5 million, respectively, due to the redeemable noncontrolling interest related to Stag’s Leap Wine Cellars, which is reported in the mezzanine equity section in the condensed consolidated balance sheets at March 31, 2016 and December 31, 2015. |
Condensed Consolidated Stateme7
Condensed Consolidated Statements of Stockholders' Equity (Parenthetical) - USD ($) $ in Millions | 3 Months Ended | 12 Months Ended |
Mar. 31, 2016 | Dec. 31, 2015 | |
Statement of Stockholders' Equity [Abstract] | ||
Net earnings Attributable to noncontrolling interests | $ 1 | $ 5 |
Dividends declared (usd per share) | $ 0.565 | $ 2.17 |
Condensed Consolidated Stateme8
Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions | 3 Months Ended | |
Mar. 31, 2016 | Mar. 31, 2015 | |
Cash Provided by (Used in) Operating Activities | ||
Net earnings | $ 1,218 | $ 1,018 |
Adjustments to reconcile net earnings to operating cash flows: | ||
Depreciation and amortization | 49 | 49 |
Deferred income tax provision (benefit) | (32) | (40) |
Earnings from equity investment in SABMiller | (66) | (134) |
Asset impairment and exit costs, net of cash paid | 118 | (1) |
Loss on early extinguishment of debt | 0 | 228 |
Cash effects of changes: | ||
Receivables, net | 20 | 25 |
Inventories | (79) | (62) |
Accounts payable | (217) | (166) |
Income taxes | 645 | 541 |
Accrued liabilities and other current assets | (115) | (117) |
Accrued settlement charges | 1,170 | 1,051 |
Pension plan contributions | (3) | (4) |
Pension provisions and postretirement, net | (18) | 25 |
Other | (1) | 85 |
Net cash provided by operating activities | 2,689 | 2,498 |
Cash Provided by (Used in) Investing Activities | ||
Capital expenditures | (26) | (48) |
Proceeds from finance assets | 56 | 147 |
Other | 4 | 0 |
Net cash provided by (used in) investing activities | 34 | 99 |
Cash Provided by (Used in) Financing Activities | ||
Long-term debt repaid | 0 | (793) |
Repurchases of common stock | (168) | (192) |
Dividends paid on common stock | (1,108) | (1,026) |
Premium and fees related to early extinguishment of debt | 0 | (226) |
Other | (1) | (7) |
Net cash used in financing activities | (1,277) | (2,244) |
Cash and cash equivalents: | ||
Increase (decrease) | 1,446 | 353 |
Balance at beginning of period | 2,369 | 3,321 |
Balance at end of period | $ 3,815 | $ 3,674 |
Background and Basis of Present
Background and Basis of Presentation | 3 Months Ended |
Mar. 31, 2016 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Background and Basis of Presentation | Background and Basis of Presentation: Background At March 31, 2016 , 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 March 31, 2016 , 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 March 31, 2016 , 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. In November 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 4 . Investment in SABMiller . Share Repurchases In July 2014, Altria Group, Inc.’s Board of Directors (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”). At March 31, 2016 , Altria Group, Inc. had approximately $797 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. Altria Group, Inc.’s share repurchase activity was as follows: For the Three Months Ended March 31, 2016 2015 (in millions, except per share data) Total number of shares repurchased 2.8 3.6 Aggregate cost of shares repurchased $ 168 $ 192 Average price per share of shares repurchased $ 59.81 $ 53.03 Basis of Presentation The interim condensed consolidated financial statements of Altria Group, Inc. are unaudited. It is the opinion of Altria Group, Inc.’s management that all adjustments necessary for a fair statement of the interim results presented have been reflected in the interim condensed consolidated financial statements. All such adjustments were of a normal recurring nature. Net revenues and net earnings for any interim period are not necessarily indicative of results that may be expected for the entire year. These statements should be read in conjunction with the consolidated financial statements and related notes, which appear in Altria Group, Inc.’s Annual Report on Form 10-K for the year ended December 31, 2015 (the “2015 Form 10-K”). On January 1, 2016, Altria Group, Inc. adopted Accounting Standards Update (“ASU”) No. 2015-03, Interest - Imputation of Interest (Subtopic 835-30) : Simplifying the Presentation of Debt Issuance Costs (“ASU No. 2015-03”), which requires 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). As a result of the adoption, $70 million of debt issuance costs have been presented on Altria Group, Inc.’s condensed consolidated balance sheet at March 31, 2016 as a deduction from the carrying amount of long-term debt. In addition, $72 million of debt issuance costs were reclassified from other assets to long-term debt on Altria Group, Inc.’s condensed consolidated balance sheet at December 31, 2015. For a description of recently issued accounting guidance that Altria Group, Inc. has not yet adopted, see Note 12. Recent Accounting Guidance Not Yet Adopted . |
Asset Impairment, Exit and Impl
Asset Impairment, Exit and Implementation Costs | 3 Months Ended |
Mar. 31, 2016 | |
Restructuring and Related Activities [Abstract] | |
Asset Impairment, Exit and Implementation Costs | Asset Impairment, Exit and Implementation Costs: In January 2016, Altria Group, Inc. announced a productivity initiative designed to maintain its operating companies’ leadership and cost competitiveness. The initiative reduces spending on certain selling, general and administrative infrastructure and implements a leaner organizational structure. As a result of this initiative, Altria Group, Inc. expects to incur total pre-tax restructuring charges of approximately $140 million , or $0.05 per share, substantially all of which are expected to be recorded in 2016 and result in cash expenditures. The charges consist of employee separation costs of approximately $120 million and other associated costs of approximately $20 million . Pre-tax restructuring charges of $122 million , or $0.04 per share, recorded in connection with the productivity initiative consisted of the following: For the Three Months Ended March 31, 2016 Asset Impairment and Exit Costs (1) Implementation Costs Total (in millions) Smokeable products $ 97 $ 2 $ 99 Smokeless products 13 — 13 All other 5 — 5 General corporate 5 — 5 Total $ 120 $ 2 $ 122 (1) Includes termination and curtailment costs of $20 million . See Note 3 . Benefit Plans . The movement in the restructuring liabilities (excluding termination and curtailment costs), substantially all of which are severance liabilities, was as follows: For the Three Months Ended March 31, 2016 (in millions) Charges $ 100 Cash spent (2 ) Balances at March 31, 2016 $ 98 |
Benefit Plans
Benefit Plans | 3 Months Ended |
Mar. 31, 2016 | |
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. and its subsidiaries. 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’s subsidiaries 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. Components of Net Periodic Benefit Cost Net periodic benefit cost consisted of the following: For the Three Months Ended March 31, Pension Postretirement 2016 2015 2016 2015 (in millions) Service cost $ 18 $ 21 $ 4 $ 4 Interest cost 71 84 21 26 Expected return on plan assets (138 ) (135 ) — — Amortization: Net loss 44 59 7 12 Prior service cost (credit) 1 2 (10 ) (10 ) Termination and curtailment 20 — — — Net periodic benefit cost $ 16 $ 31 $ 22 $ 32 Termination and curtailment costs shown in the table above were related to the productivity initiative discussed in Note 2 . Asset Impairment, Exit and Implementation Costs . In conjunction with the curtailment, in the first quarter of 2016 Altria Group, Inc. remeasured the pension benefit obligations, pension plan assets and postretirement benefit obligations of its impacted benefit plans. This remeasurement resulted in an increase to the liabilities for accrued pension costs and accrued postretirement health care costs of approximately $250 million and $70 million , respectively, and a corresponding increase to accumulated other comprehensive losses. Employer Contributions 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 Internal Revenue Service regulations. Employer contributions of $3 million were made to Altria Group, Inc.’s pension plans during the three months ended March 31, 2016 . Currently, Altria Group, Inc. anticipates making additional employer contributions to its pension plans during the remainder of 2016 of approximately $30 million to $75 million , 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. |
Investment in SABMiller
Investment in SABMiller | 3 Months Ended |
Mar. 31, 2016 | |
Business Combinations [Abstract] | |
Investment in SABMiller | Investment in SABMiller: At March 31, 2016 , 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. AB InBev and SABMiller Business Combination In November 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 (“GBP”) 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 GBP in cash. 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 described in the 2015 Form 10-K). 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 March 31, 2016 . The actual gain recorded at closing may vary significantly from this estimate based on changes to these factors, the impact of dispositions related to the transaction and any proration of Restricted Shares. 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 In November 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 three months ended March 31, 2016 , Altria Group, Inc. recorded a pre-tax gain of $40 million for the change in the fair value of the option, which was included in gain on derivative financial instrument. 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 March 31, 2016 and December 31, 2015 , the fair value of the option of $192 million and $152 million , respectively, was recorded in other current assets in Altria Group, Inc.’s condensed consolidated balance sheets. |
Earnings Per Share
Earnings Per Share | 3 Months Ended |
Mar. 31, 2016 | |
Earnings Per Share [Abstract] | |
Earnings Per Share | Earnings Per Share: Basic and diluted earnings per share (“EPS”) were calculated using the following: For the Three Months Ended March 31, 2016 2015 (in millions) Net earnings attributable to Altria Group, Inc. $ 1,217 $ 1,018 Less: Distributed and undistributed earnings attributable to unvested restricted shares and restricted stock units (2 ) (2 ) Earnings for basic and diluted EPS $ 1,215 $ 1,016 Weighted-average shares for basic and diluted EPS 1,956 1,966 |
Other Comprehensive Earnings_Lo
Other Comprehensive Earnings/Losses | 3 Months Ended |
Mar. 31, 2016 | |
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.: For the Three Months Ended March 31, 2016 Currency Translation Adjustments Benefit Plans SABMiller Accumulated Other Comprehensive Losses (in millions) Balances, December 31, 2015 $ (5 ) $ (2,010 ) $ (1,265 ) $ (3,280 ) Other comprehensive earnings (losses) before reclassifications 1 (318 ) 182 (135 ) Deferred income taxes — 122 (64 ) 58 Other comprehensive earnings (losses) before reclassifications, net of deferred income taxes 1 (196 ) 118 (77 ) Amounts reclassified to net earnings — 36 12 48 Deferred income taxes — (14 ) (4 ) (18 ) Amounts reclassified to net earnings, net of deferred income taxes — 22 8 30 Other comprehensive earnings (losses), net of deferred income taxes 1 (174 ) 126 (1) (47 ) Balances, March 31, 2016 $ (4 ) $ (2,184 ) $ (1,139 ) $ (3,327 ) For the Three Months Ended March 31, 2015 Currency Translation Adjustments Benefit Plans SABMiller Accumulated Other Comprehensive Losses (in millions) Balances, December 31, 2014 $ (2 ) $ (2,040 ) $ (640 ) $ (2,682 ) Other comprehensive losses before reclassifications (1 ) — (471 ) (472 ) Deferred income taxes — — 164 164 Other comprehensive losses before reclassifications, net of deferred income taxes (1 ) — (307 ) (308 ) Amounts reclassified to net earnings — 68 4 72 Deferred income taxes — (26 ) (1 ) (27 ) Amounts reclassified to net earnings, net of deferred income taxes — 42 3 45 Other comprehensive (losses) earnings, net of deferred income taxes (1 ) 42 (304 ) (1) (263 ) Balances, March 31, 2015 $ (3 ) $ (1,998 ) $ (944 ) $ (2,945 ) (1) For the three months ended March 31, 2016 and 2015 , Altria Group, Inc.’s proportionate share of SABMiller’s other comprehensive earnings/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 Three Months Ended March 31, 2016 2015 (in millions) Benefit Plans: (1) Net loss $ 55 $ 76 Prior service cost/credit (19 ) (8 ) 36 68 SABMiller (2) 12 4 Pre-tax amounts reclassified from accumulated other comprehensive losses to net earnings $ 48 $ 72 (1) Amounts are included in net defined benefit plan costs. For further details, see Note 3 . Benefit Plans. (2) Amounts are included in earnings from equity investment in SABMiller. |
Segment Reporting
Segment Reporting | 3 Months Ended |
Mar. 31, 2016 | |
Segment Reporting [Abstract] | |
Segment Reporting | Segment Reporting: The products of Altria Group, Inc.’s subsidiaries include smokeable tobacco products, consisting 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 general corporate expenses and amortization of intangibles. 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. Segment data were as follows: For the Three Months Ended March 31, 2016 2015 (in millions) Net revenues: Smokeable products $ 5,422 $ 5,221 Smokeless products 479 430 Wine 145 134 All other 20 19 Net revenues $ 6,066 $ 5,804 Earnings before income taxes: Operating companies income (loss): Smokeable products $ 1,751 $ 1,686 Smokeless products 280 251 Wine 28 27 All other (21 ) (41 ) Amortization of intangibles (5 ) (5 ) General corporate expenses (51 ) (53 ) Corporate asset impairment and exit costs (5 ) — Operating income 1,977 1,865 Interest and other debt expense, net (200 ) (209 ) Loss on early extinguishment of debt — (228 ) Earnings from equity investment in SABMiller 66 134 Gain on derivative financial instrument 40 — Earnings before income taxes $ 1,883 $ 1,562 The comparability of operating companies income for the reportable segments was affected by the following: Non-Participating Manufacturer (“NPM”) Adjustment Items - Pre-tax expense for NPM adjustment items was recorded in Altria Group, Inc.’s condensed consolidated statement of earnings as follows: For the Three Months Ended March 31, 2016 (in millions) Smokeable products segment $ 12 Interest and other debt expense, net 6 Total $ 18 NPM adjustment items result 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 10 . Contingencies ) . The amount shown in the table above for the smokeable products segment was recorded by PM USA as an increase to cost of sales, which decreased operating companies income in the smokeable products segment. Tobacco and Health Litigation Items - Pre-tax charges related to certain tobacco and health litigation items were recorded in Altria Group, Inc.’s condensed consolidated statements of earnings as follows: For the Three Months Ended March 31, 2016 2015 (in millions) Smokeable products segment $ 26 $ 43 Interest and other debt expense, net 12 — Total $ 38 $ 43 During the first quarter of 2016 , PM USA recorded pre-tax charges, primarily related to the Aspinall case, of $26 million in marketing, administration and research costs and $12 million in interest costs. During the first quarter of 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, during the first quarter of 2015, PM USA recorded a pre-tax provision of approximately $43 million in marketing, administration and research costs. For further discussion, see Note 10 . Contingencies . Asset Impairment, Exit and Implementation Costs - See Note 2 . Asset Impairment, Exit and Implementation Costs for a breakdown of these costs by segment. |
Finance Assets, net
Finance Assets, net | 3 Months Ended |
Mar. 31, 2016 | |
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 March 31, 2016 , finance assets, net, of $1,165 million were comprised of investments in finance leases of $1,205 million , reduced by the allowance for losses of $40 million . 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 . PMCC assesses the adequacy of its allowance for losses relative to the credit risk of its leasing portfolio on an ongoing basis. PMCC believes that, as of March 31, 2016 , the allowance for losses of $40 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 was as follows: For the Three Months Ended March 31, 2016 2015 (in millions) Balance at beginning of the year $ 42 $ 42 Decrease to allowance (2 ) — Balance at March 31 $ 40 $ 42 All PMCC lessees were current on their lease payment obligations as of March 31, 2016 . 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 March 31, 2016 and December 31, 2015 was as follows: March 31, 2016 December 31, 2015 (in millions) Credit Rating by Standard & Poor’s/Moody’s: “AAA/Aaa” to “A-/A3” $ 213 $ 212 “BBB+/Baa1” to “BBB-/Baa3” 603 702 “BB+/Ba1” and Lower 389 367 Total $ 1,205 $ 1,281 |
Debt
Debt | 3 Months Ended |
Mar. 31, 2016 | |
Debt Disclosure [Abstract] | |
Debt | Debt: At March 31, 2016 and December 31, 2015 , Altria Group, Inc. had no short-term borrowings. Long-term Debt With respect to $3.4 billion aggregate principal amount of Altria Group, Inc.’s senior unsecured long-term notes issued in 2008 and 2009, the interest rate payable on each series of notes was subject to adjustment from time to time if the rating assigned to the notes of such series by Moody’s or Standard & Poor’s was downgraded (or subsequently upgraded) as and to the extent set forth in the terms of the notes. As a result of credit rating upgrades by both Moody’s and Standard & Poor’s in the first quarter of 2016, this provision terminated in accordance with its terms. On January 1, 2016, Altria Group, Inc. adopted ASU No. 2015-03. For further discussion, see Note 1 . Background and Basis of Presentation . During the first quarter of 2015, Altria Group, Inc. completed a debt tender offer to purchase for cash $793 million aggregate principal amount of its senior unsecured 9.700% notes due 2018. As a result of the debt tender offer, during the first quarter of 2015, Altria Group, Inc. recorded a pre-tax loss on early extinguishment of debt of $228 million , which included premiums and fees of $226 million and the write-off of the related unamortized debt discount and debt issuance costs of $2 million . 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 March 31, 2016 and December 31, 2015 , was $15.5 billion and $14.5 billion , respectively, as compared with its carrying value of $12.9 billion and $12.8 billion , respectively. |
Contingencies
Contingencies | 3 Months Ended |
Mar. 31, 2016 | |
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 condensed 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 10 . 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 condensed 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 April 25, 2016, April 20, 2015 and April 21, 2014: April 25, 2016 April 20, 2015 April 21, 2014 Individual Smoking and Health Cases (1) 62 64 70 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 2,498 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 April 25, 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 Philip Morris International Inc. (“PMI”) that provides for indemnities for certain liabilities concerning tobacco products. Tobacco-Related Cases Set for Trial As of April 25, 2016, six Engle progeny cases are set for trial through June 30, 2016. There are no individual smoking and health cases, medical monitoring cases or “Lights/Ultra Lights” class actions against PM USA set for trial during this period. Cases against other companies in the tobacco industry are 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 61 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 41 of the 61 cases. These 41 cases were tried in Alaska ( 1 ), California ( 7 ), Florida ( 10 ), Louisiana ( 1 ), Massachusetts ( 2 ), Mississippi ( 1 ), Missouri ( 4 ), 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. In December 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. In March 2016, the trial court granted a new trial and PM USA filed a petition for review of that order with the Alaska Supreme Court. The retrial currently is scheduled to begin October 17, 2016. 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 20 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. In November 2015, the Illinois Supreme Court vacated the Fifth Judicial District’s decision, finding that the plaintiffs filed the wrong motion in the wrong court, and the plaintiffs filed a new motion with the Illinois Supreme Court seeking to recall its original mandate, which the court denied in January 2016. See “Lights/Ultra Lights” Cases - The Price Case below for a discussion of developments in Price . As of April 25, 2016, 96 state and federal Engle progeny cases involving PM USA have resulted in verdicts since the Florida Supreme Court’s Engle decision as follows: 53 verdicts were returned in favor of plaintiffs; 41 verdicts were returned in favor of PM USA. Two verdicts that were initially returned in favor of plaintiff were reversed on appeal. One was remanded for a new trial; the other is now subject to en banc review in the appellate court. 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 $336 million and interest totaling approximately $148 million as of April 25, 2016. These amounts include payments for Engle progeny judgments (and related costs and fees) totaling approximately $35 million , interest totaling approximately $7 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 periods specified below are as follows: For the Three Months Ended March 31, 2016 2015 (in millions) Accrued liability for tobacco and health litigation items at beginning of period $ 132 $ 39 Pre-tax charges for: Tobacco and health judgments 4 — Related interest costs 2 — Agreement to resolve federal Engle progeny cases — 43 Agreement to resolve Aspinall including interest costs 32 — Payments (17 ) (5 ) Accrued liability for tobacco and health litigation items at end of period $ 153 $ 77 The accrued liability for tobacco and health litigation items, including related interest costs, was included in liabilities on Altria Group, Inc.’s condensed consolidated balance sheets. Pre-tax charges for tobacco and health judgments, the agreement to resolve federal Engle progeny cases and the agreement to resolve the Aspinall case were included in marketing, administration and research costs on Altria Group, Inc.’s condensed 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 condensed consolidated statements of earnings. Security for Judgments To obtain stays of judgments pending current appeals, as of March 31, 2016 , PM USA has posted various forms of security totaling approximately $99 million , the majority of which has been collateralized with cash deposits that are included in other assets on the condensed 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 2016 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 : In December 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. In January 2016, the plaintiff moved for a new trial, which the district court denied in February 2016. In March 2016, PM USA filed a notice of appeal to the U.S. Court of Appeals for the Ninth Circuit and plaintiff cross-appealed. 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 in November 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. In February 2016, PM USA filed a petition for writ of certiorari with the United States Supreme Court. 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 April 25, 2016, approximately 2,860 state court cases were pending against PM USA or Altria Group, Inc. asserting individual claims by or on behalf of approximately 3,700 state court plaintiffs. Because of a number of factors, including, but not limited to, docketing delays, duplicated filings and overlapping dismissal orders, these numbers are estimates. While the Federal Engle Agreement (discussed below) resolved nearly all Engle progeny cases pending in federal court, as of April 25, 2016, 21 cases were pending against PM USA in federal court representing the cases excluded from that agreement. 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 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, and the escrow funds were moved to the plaintiffs’ settlement fund. Engle Progeny Trial Results As of April 25, 2016, 96 federal and state Engle progeny cases involving PM USA have resulted in verdicts since the Florida Supreme Court Engle decision. Fifty-three 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. Graham is now subject to en banc review in the appellate court; Skolnick was remanded for a new trial. Forty-one verdicts were returned in favor of PM USA, of which 32 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 , Shulman , Ewing and E. Smith ) 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 April 25, 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 . 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 April 25, 2016; the second chart lists such cases that were pending within the previous 12 months, but that are now concluded. Currently-Pending Cases ________________________________________________________________________________________________________________________________ Plaintiff: Purdo Date: April 2016 Verdict: A Palm Beach County jury returned a verdict in favor of plaintiff and against PM USA and R.J. Reynolds awarding compensatory damages of $21 million and allocating 12% of the fault to PM USA (an amount of $2.52 million ). The jury also awarded $6.25 million in punitive damages against each defendant. ________________________________________________________________________________________________________________________________ Plaintiff: McCall Date: March 2016 Verdict: A Broward County jury returned a verdict in favor of plaintiff and against PM USA awarding compensatory damages of $350,000 and allocating 25% of the fault to PM USA (an amount of $87,500 ). Post-Trial Developments: In March 2016, PM USA filed a motion to set aside the verdict and to enter judgment in its favor. ________________________________________________________________________________________________________________________________ Plaintiff: Ahrens Date: February 2016 Verdict: A Pinellas County jury returned a verdict in favor of plaintiff and against PM USA and R.J. Reynolds awarding $9 million in compensatory damages and allocating 24% of the fault to PM USA. The jury also awarded $2.5 million in punitive damages against each defendant. Post-Trial Developments: In February 2016, the trial court entered final judgment against PM USA and R.J. Reynolds without any deduction for plaintiff’s comparative fault and defendants filed various post-trial motions, including motions to set aside the verdict and for a new trial. In March 2016, the trial court denied defendants’ post-trial motions. In April 2016, defendants filed a notice of appeal to the Florida Second District Court of Appeal and posted a bond in the amount of $2.5 million . ________________________________________________________________________________________________________________________________ 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: In January 2016, PM USA and R.J. Reynolds filed various post-trial motions, including motions to set aside the verdict and for a new trial, and the trial court entered final judgment against PM USA and R.J. Reynolds without any deduction for plaintiff’s comparative fault. In February 2016, the trial court denied defendants’ post-trial motions. In March 2016, defendants filed a notice of appeal to the Florida Third District Court of Appeal and posted a bond in the amount of $2.5 million . ________________________________________________________________________________________________________________________________ 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: In November 2015, the court entered final judgment in favor of plaintiff without any deduction for plaintiff’s comparative fault and in December 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 in January 2016. In February 2016, PM USA posted a bond in the amount of $2.5 million and filed a notice of appeal to the Florida Second District Court of Appeal. ________________________________________________________________________________________________________________________________ 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: In December 2015, PM USA filed a motion to set aside the verdict and for judgment in accordance with its motion for directed verdict. In January 2016, the trial court entered final judgment against PM USA with a deduction for plaintiff’s comparative fault and plaintiff filed an appeal to the Florida Fourth District Court of Appeal. Additionally, the trial court denied PM USA’s post-trial motions and PM USA cross-appealed. _________________________ |
Condensed Consolidating Financi
Condensed Consolidating Financial Information | 3 Months Ended |
Mar. 31, 2016 | |
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 March 31, 2016 , 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 March 31, 2016 and December 31, 2015 , condensed consolidating statements of earnings and comprehensive earnings for the three months ended March 31, 2016 and 2015 , and condensed consolidating statements of cash flows for the three months ended March 31, 2016 and 2015 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 March 31, 2016 (in millions of dollars) Altria Group, Inc. PM USA Non- Guarantor Subsidiaries Total Consolidating Adjustments Consolidated Assets Cash and cash equivalents $ 3,749 $ — $ 66 $ — $ 3,815 Receivables — 6 98 — 104 Inventories: Leaf tobacco — 594 400 — 994 Other raw materials — 118 60 — 178 Work in process — 8 428 — 436 Finished product — 157 343 — 500 — 877 1,231 — 2,108 Due from Altria Group, Inc. and subsidiaries 16 5,129 1,820 (6,965 ) — Deferred income taxes — 1,268 7 (100 ) 1,175 Other current assets 301 21 80 (106 ) 296 Total current assets 4,066 7,301 3,302 (7,171 ) 7,498 Property, plant and equipment, at cost — 3,069 1,780 — 4,849 Less accumulated depreciation — 2,141 753 — 2,894 — 928 1,027 — 1,955 Goodwill — — 5,285 — 5,285 Other intangible assets, net — 2 12,021 — 12,023 Investment in SABMiller 5,743 — — — 5,743 Investment in consolidated subsidiaries 11,131 2,709 — (13,840 ) — Finance assets, net — — 1,165 — 1,165 Due from Altria Group, Inc. and subsidiaries 4,790 — — (4,790 ) — Other assets 19 571 141 (337 ) 394 Total Assets $ 25,749 $ 11,511 $ 22,941 $ (26,138 ) $ 34,063 Condensed Consolidating Balance Sheets (Continued) March 31, 2016 (in millions of dollars) Altria Group, Inc. PM USA Non- Guarantor Subsidiaries Total Consolidating Adjustments Consolidated Liabilities Current portion of long-term debt $ — $ — $ 4 $ — $ 4 Accounts payable — 107 101 — 208 Accrued liabilities: Marketing — 578 109 — 687 Employment costs 66 5 66 — 137 Settlement charges — 4,753 7 — 4,760 Other 323 569 329 (100 ) 1,121 Income taxes — 522 174 (106 ) 590 Dividends payable 1,109 — — — 1,109 Due to Altria Group, Inc. and subsidiaries 6,720 220 25 (6,965 ) — Total current liabilities 8,218 6,754 815 (7,171 ) 8,616 Long-term debt 12,834 — 12 — 12,846 Deferred income taxes 1,638 — 4,305 (337 ) 5,606 Accrued pension costs 204 — 1,275 — 1,479 Accrued postretirement health care costs — 1,483 831 — 2,314 Due to Altria Group, Inc. and subsidiaries — — 4,790 (4,790 ) — Other liabilities 110 130 177 — 417 Total liabilities 23,004 8,367 12,205 (12,298 ) 31,278 Contingencies Redeemable noncontrolling interest — — 37 — 37 Stockholders’ Equity Common stock 935 — 9 (9 ) 935 Additional paid-in capital 5,818 3,310 11,446 (14,756 ) 5,818 Earnings reinvested in the business 27,367 106 1,089 (1,195 ) 27,367 Accumulated other comprehensive losses (3,327 ) (272 ) (1,848 ) 2,120 (3,327 ) Cost of repurchased stock (28,048 ) — — — (28,048 ) Total stockholders’ equity attributable to Altria Group, Inc. 2,745 3,144 10,696 (13,840 ) 2,745 Noncontrolling interests — — 3 — 3 Total stockholders’ equity 2,745 3,144 10,699 (13,840 ) 2,748 Total Liabilities and Stockholders’ Equity $ 25,749 $ 11,511 $ 22,941 $ (26,138 ) $ 34,063 Condensed Consolidating Balance Sheets December 31, 2015 (in millions of dollars) Altria PM USA Non- Total 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 20 536 131 (327 ) 360 Total Assets $ 24,538 $ 10,170 $ 23,037 $ (25,282 ) $ 32,463 Condensed Consolidating Balance Sheets (Continued) December 31, 2015 (in millions of dollars) Altria PM USA Non- Total 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 12,831 — 12 — 12,843 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 21,658 6,679 12,135 (10,919 ) 29,553 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 $ 24,538 $ 10,170 $ 23,037 $ (25,282 ) $ 32,463 Condensed Consolidating Statements of Earnings and Comprehensive Earnings For the Three Months Ended March 31, 2016 (in millions of dollars) Altria PM USA Non- Total Consolidated Net revenues $ — $ 5,265 $ 810 $ (9 ) $ 6,066 Cost of sales — 1,642 241 (9 ) 1,874 Excise taxes on products — 1,487 49 — 1,536 Gross profit — 2,136 520 — 2,656 Marketing, administration and research costs 36 415 108 — 559 Asset impairment and exit costs 5 94 21 — 120 Operating (expense) income (41 ) 1,627 391 — 1,977 Interest and other debt expense, net 129 15 56 — 200 Earnings from equity investment in SABMiller (66 ) — — — (66 ) Gain on derivative financial instrument (40 ) — — — (40 ) (Loss) earnings before income taxes and equity earnings of subsidiaries (64 ) 1,612 335 — 1,883 (Benefit) provision for income taxes (49 ) 603 111 — 665 Equity earnings of subsidiaries 1,232 60 — (1,292 ) — Net earnings 1,217 1,069 224 (1,292 ) 1,218 Net earnings attributable to noncontrolling interests — — (1 ) — (1 ) Net earnings attributable to Altria Group, Inc. $ 1,217 $ 1,069 $ 223 $ (1,292 ) $ 1,217 Net earnings $ 1,217 $ 1,069 $ 224 $ (1,292 ) $ 1,218 Other comprehensive losses, net of deferred income taxes (47 ) (17 ) (156 ) 173 (47 ) Comprehensive earnings 1,170 1,052 68 (1,119 ) 1,171 Comprehensive earnings attributable to noncontrolling interests — — (1 ) — (1 ) Comprehensive earnings attributable to $ 1,170 $ 1,052 $ 67 $ (1,119 ) $ 1,170 Condensed Consolidating Statements of Earnings and Comprehensive Earnings For the Three Months Ended March 31, 2015 (in millions of dollars) Altria PM USA Non- Total Consolidated Net revenues $ — $ 5,068 $ 745 $ (9 ) $ 5,804 Cost of sales — 1,566 240 (9 ) 1,797 Excise taxes on products — 1,480 52 — 1,532 Gross profit — 2,022 453 — 2,475 Marketing, administration and research costs 42 465 103 — 610 Operating (expense) income (42 ) 1,557 350 — 1,865 Interest and other debt expense (income), net 154 (1 ) 56 — 209 Loss on early extinguishment of debt 228 — — — 228 Earnings from equity investment in SABMiller (134 ) — — — (134 ) (Loss) earnings before income taxes and equity earnings of subsidiaries (290 ) 1,558 294 — 1,562 (Benefit) provision for income taxes (143 ) 584 103 — 544 Equity earnings of subsidiaries 1,165 61 — (1,226 ) — Net earnings 1,018 1,035 191 (1,226 ) 1,018 Net earnings attributable to noncontrolling interests — — — — — Net earnings attributable to Altria Group, Inc. $ 1,018 $ 1,035 $ 191 $ (1,226 ) $ 1,018 Net earnings $ 1,018 $ 1,035 $ 191 $ (1,226 ) $ 1,018 Other comprehensive (losses) earnings, net of deferred income taxes (263 ) 4 35 (39 ) (263 ) Comprehensive earnings 755 1,039 226 (1,265 ) 755 Comprehensive earnings attributable to noncontrolling interests — — — — — Comprehensive earnings attributable to $ 755 $ 1,039 $ 226 $ (1,265 ) $ 755 Condensed Consolidating Statements of Cash Flows For the Three Months Ended March 31, 2016 (in millions of dollars) Altria Group, Inc. PM USA Non- Guarantor Subsidiaries Total Consolidating Adjustments Consolidated Cash Provided by Operating Activities Net cash provided by operating activities $ 1,433 $ 2,780 $ 108 $ (1,632 ) $ 2,689 Cash Provided by (Used in) Investing Activities Capital expenditures — (7 ) (19 ) — (26 ) Proceeds from finance assets — — 56 — 56 Other — — 4 — 4 Net cash (used in) provided by investing activities — (7 ) 41 — 34 Cash Provided by (Used in) Financing Activities Repurchases of common stock (168 ) — — — (168 ) Dividends paid on common stock (1,108 ) — — — (1,108 ) Changes in amounts due to/from Altria Group, Inc. and subsidiaries 1,279 (1,374 ) 95 — — Cash dividends paid to parent — (1,399 ) (233 ) 1,632 — Other — — (1 ) — (1 ) Net cash provided by (used in) financing activities 3 (2,773 ) (139 ) 1,632 (1,277 ) Cash and cash equivalents: Increase 1,436 — 10 — 1,446 Balance at beginning of period 2,313 — 56 — 2,369 Balance at end of period $ 3,749 $ — $ 66 $ — $ 3,815 Condensed Consolidating Statements of Cash Flows For the Three Months Ended March 31, 2015 (in millions of dollars) Altria Group, Inc. PM USA Non- Guarantor Subsidiaries Total Consolidating Adjustments Consolidated Cash Provided by Operating Activities Net cash provided by operating activities $ 845 $ 2,696 $ 136 $ (1,179 ) $ 2,498 Cash Provided by (Used in) Investing Activities Capital expenditures — (15 ) (33 ) — (48 ) Proceeds from finance assets — — 147 — 147 Other — 10 (10 ) — — Net cash (used in) provided by investing activities — (5 ) 104 — 99 Cash Provided by (Used in) Financing Activities Long-term debt repaid (793 ) — — — (793 ) Repurchases of common stock (192 ) — — — (192 ) Dividends paid on common stock (1,026 ) — — — (1,026 ) Changes in amounts due to/from Altria Group, Inc. and subsidiaries 1,750 (1,634 ) (116 ) — — Premiums and fees related to early extinguishment of debt (226 ) — — — (226 ) Cash dividends paid to parent — (1,060 ) (119 ) 1,179 — Other — — (7 ) — (7 ) Net cash used in financing activities (487 ) (2,694 ) (242 ) 1,179 (2,244 ) Cash and cash equivalents: Increase (decrease) 358 (3 ) (2 ) — 353 Balance at beginning of period 3,281 3 37 — 3,321 Balance at end of period $ 3,639 $ — $ 35 $ — $ 3,674 |
Recent Accounting Guidance Not
Recent Accounting Guidance Not Yet Adopted | 3 Months Ended |
Mar. 31, 2016 | |
New Accounting Pronouncements and Changes in Accounting Principles [Abstract] | |
Recent Accounting Guidance Not Yet Adopted | Recent Accounting Guidance Not Yet Adopted: The following table provides a description of the recently issued accounting guidance that Altria Group, Inc. has not yet adopted: Standards Description Effective Date for Public Entity Effect on financial statements and other significant matters ASU Nos. 2014-09; 2015-14; 2016-08; 2016-10 Revenue from Contracts with Customers (Topic 606) The guidance establishes principles for reporting information about the nature, amount, timing, and uncertainty of revenue and cash flows arising from an entity’s contracts with customers. The guidance is effective 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 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. ASU No. 2015-17 Balance Sheet Classification of Deferred Taxes (Topic 740) The guidance simplifies 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. The guidance may be applied either prospectively to all deferred tax liabilities and assets or retrospectively to all periods presented. The guidance is effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period. Early adoption is permitted. Under the new guidance, at March 31, 2016, 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). Altria Group, Inc. will adopt the new guidance by the first quarter of 2017. ASU No. 2016-01 Recognition and Measurement of Financial Assets and Financial Liabilities (Subtopic 825-10) The guidance addresses certain aspects of recognition, measurement, presentation and disclosure of financial instruments. The guidance is 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. ASU No. 2016-02 Leases (Topic 842) The guidance increases transparency and comparability among organizations by requiring entities to recognize lease assets and lease liabilities on the balance sheet and disclose key information about leasing arrangements. The guidance is effective for annual reporting periods beginning after December 15, 2018, including interim periods within that reporting period. Early adoption is permitted. Altria Group, Inc. is in the process of evaluating the impact of this guidance on its consolidated financial statements and related disclosures. ASU No. 2016-09 Improvements to Employee Share-Based Payment Accounting (Topic 718) The guidance simplifies several aspects of the accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. The guidance is effective for annual reporting periods beginning after December 15, 2016, and interim periods within that reporting period. Early adoption is permitted in any interim or annual period. Altria Group, Inc. is in the process of evaluating the impact of this guidance on its consolidated financial statements and related disclosures. |
Contingencies (Policies)
Contingencies (Policies) | 3 Months Ended |
Mar. 31, 2016 | |
Commitments and Contingencies Disclosure [Abstract] | |
Contingencies | 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 10 . 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 condensed consolidated financial statements for unfavorable outcomes, if any. Litigation defense costs are expensed as incurred. |
Environmental Costs | 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. |
Background and Basis of Prese22
Background and Basis of Presentation (Schedule of Shares Repurchased) (Tables) | 3 Months Ended |
Mar. 31, 2016 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Schedule of Shares Repurchased | Altria Group, Inc.’s share repurchase activity was as follows: For the Three Months Ended March 31, 2016 2015 (in millions, except per share data) Total number of shares repurchased 2.8 3.6 Aggregate cost of shares repurchased $ 168 $ 192 Average price per share of shares repurchased $ 59.81 $ 53.03 |
Asset Impairment, Exit and Im23
Asset Impairment, Exit and Implementation Costs (Tables) | 3 Months Ended |
Mar. 31, 2016 | |
Restructuring and Related Activities [Abstract] | |
Asset Impairment, Exit and Implementation Costs | Pre-tax restructuring charges of $122 million , or $0.04 per share, recorded in connection with the productivity initiative consisted of the following: For the Three Months Ended March 31, 2016 Asset Impairment and Exit Costs (1) Implementation Costs Total (in millions) Smokeable products $ 97 $ 2 $ 99 Smokeless products 13 — 13 All other 5 — 5 General corporate 5 — 5 Total $ 120 $ 2 $ 122 (1) Includes termination and curtailment costs of $20 million . See Note 3 . Benefit Plans . |
Schedule of Restructuring Reserve | The movement in the restructuring liabilities (excluding termination and curtailment costs), substantially all of which are severance liabilities, was as follows: For the Three Months Ended March 31, 2016 (in millions) Charges $ 100 Cash spent (2 ) Balances at March 31, 2016 $ 98 |
Benefit Plans (Tables)
Benefit Plans (Tables) | 3 Months Ended |
Mar. 31, 2016 | |
Compensation and Retirement Disclosure [Abstract] | |
Schedule of Net Periodic Benefit Costs | Net periodic benefit cost consisted of the following: For the Three Months Ended March 31, Pension Postretirement 2016 2015 2016 2015 (in millions) Service cost $ 18 $ 21 $ 4 $ 4 Interest cost 71 84 21 26 Expected return on plan assets (138 ) (135 ) — — Amortization: Net loss 44 59 7 12 Prior service cost (credit) 1 2 (10 ) (10 ) Termination and curtailment 20 — — — Net periodic benefit cost $ 16 $ 31 $ 22 $ 32 |
Earnings Per Share (Tables)
Earnings Per Share (Tables) | 3 Months Ended |
Mar. 31, 2016 | |
Earnings Per Share [Abstract] | |
Earnings Per Share | Basic and diluted earnings per share (“EPS”) were calculated using the following: For the Three Months Ended March 31, 2016 2015 (in millions) Net earnings attributable to Altria Group, Inc. $ 1,217 $ 1,018 Less: Distributed and undistributed earnings attributable to unvested restricted shares and restricted stock units (2 ) (2 ) Earnings for basic and diluted EPS $ 1,215 $ 1,016 Weighted-average shares for basic and diluted EPS 1,956 1,966 |
Other Comprehensive Earnings_26
Other Comprehensive Earnings/Losses (Tables) | 3 Months Ended |
Mar. 31, 2016 | |
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.: For the Three Months Ended March 31, 2016 Currency Translation Adjustments Benefit Plans SABMiller Accumulated Other Comprehensive Losses (in millions) Balances, December 31, 2015 $ (5 ) $ (2,010 ) $ (1,265 ) $ (3,280 ) Other comprehensive earnings (losses) before reclassifications 1 (318 ) 182 (135 ) Deferred income taxes — 122 (64 ) 58 Other comprehensive earnings (losses) before reclassifications, net of deferred income taxes 1 (196 ) 118 (77 ) Amounts reclassified to net earnings — 36 12 48 Deferred income taxes — (14 ) (4 ) (18 ) Amounts reclassified to net earnings, net of deferred income taxes — 22 8 30 Other comprehensive earnings (losses), net of deferred income taxes 1 (174 ) 126 (1) (47 ) Balances, March 31, 2016 $ (4 ) $ (2,184 ) $ (1,139 ) $ (3,327 ) For the Three Months Ended March 31, 2015 Currency Translation Adjustments Benefit Plans SABMiller Accumulated Other Comprehensive Losses (in millions) Balances, December 31, 2014 $ (2 ) $ (2,040 ) $ (640 ) $ (2,682 ) Other comprehensive losses before reclassifications (1 ) — (471 ) (472 ) Deferred income taxes — — 164 164 Other comprehensive losses before reclassifications, net of deferred income taxes (1 ) — (307 ) (308 ) Amounts reclassified to net earnings — 68 4 72 Deferred income taxes — (26 ) (1 ) (27 ) Amounts reclassified to net earnings, net of deferred income taxes — 42 3 45 Other comprehensive (losses) earnings, net of deferred income taxes (1 ) 42 (304 ) (1) (263 ) Balances, March 31, 2015 $ (3 ) $ (1,998 ) $ (944 ) $ (2,945 ) (1) For the three months ended March 31, 2016 and 2015 , Altria Group, Inc.’s proportionate share of SABMiller’s other comprehensive earnings/losses consisted primarily of currency translation adjustments. |
Reclassifications | The following table sets forth pre-tax amounts by component, reclassified from accumulated other comprehensive losses to net earnings: For the Three Months Ended March 31, 2016 2015 (in millions) Benefit Plans: (1) Net loss $ 55 $ 76 Prior service cost/credit (19 ) (8 ) 36 68 SABMiller (2) 12 4 Pre-tax amounts reclassified from accumulated other comprehensive losses to net earnings $ 48 $ 72 (1) Amounts are included in net defined benefit plan costs. For further details, see Note 3 . Benefit Plans. (2) Amounts are included in earnings from equity investment in SABMiller. |
Segment Reporting (Tables)
Segment Reporting (Tables) | 3 Months Ended |
Mar. 31, 2016 | |
Segment Reporting [Abstract] | |
Schedule of Segment Reporting Information, by Segment | Segment data were as follows: For the Three Months Ended March 31, 2016 2015 (in millions) Net revenues: Smokeable products $ 5,422 $ 5,221 Smokeless products 479 430 Wine 145 134 All other 20 19 Net revenues $ 6,066 $ 5,804 Earnings before income taxes: Operating companies income (loss): Smokeable products $ 1,751 $ 1,686 Smokeless products 280 251 Wine 28 27 All other (21 ) (41 ) Amortization of intangibles (5 ) (5 ) General corporate expenses (51 ) (53 ) Corporate asset impairment and exit costs (5 ) — Operating income 1,977 1,865 Interest and other debt expense, net (200 ) (209 ) Loss on early extinguishment of debt — (228 ) Earnings from equity investment in SABMiller 66 134 Gain on derivative financial instrument 40 — Earnings before income taxes $ 1,883 $ 1,562 |
Schedule of NPM Adjustment Items | Non-Participating Manufacturer (“NPM”) Adjustment Items - Pre-tax expense for NPM adjustment items was recorded in Altria Group, Inc.’s condensed consolidated statement of earnings as follows: For the Three Months Ended March 31, 2016 (in millions) Smokeable products segment $ 12 Interest and other debt expense, net 6 Total $ 18 |
Schedule of Pre-tax Tobacco and Health Litigation Items | Tobacco and Health Litigation Items - Pre-tax charges related to certain tobacco and health litigation items were recorded in Altria Group, Inc.’s condensed consolidated statements of earnings as follows: For the Three Months Ended March 31, 2016 2015 (in millions) Smokeable products segment $ 26 $ 43 Interest and other debt expense, net 12 — Total $ 38 $ 43 |
Finance Assets, net (Tables)
Finance Assets, net (Tables) | 3 Months Ended |
Mar. 31, 2016 | |
Receivables [Abstract] | |
Schedule of Allowance for Losses on Finance Assets | The activity in the allowance for losses on finance assets was as follows: For the Three Months Ended March 31, 2016 2015 (in millions) Balance at beginning of the year $ 42 $ 42 Decrease to allowance (2 ) — Balance at March 31 $ 40 $ 42 |
Schedule of Credit Quality of Investments in Finance Assets | 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 March 31, 2016 and December 31, 2015 was as follows: March 31, 2016 December 31, 2015 (in millions) Credit Rating by Standard & Poor’s/Moody’s: “AAA/Aaa” to “A-/A3” $ 213 $ 212 “BBB+/Baa1” to “BBB-/Baa3” 603 702 “BB+/Ba1” and Lower 389 367 Total $ 1,205 $ 1,281 |
Contingencies (Tables)
Contingencies (Tables) | 3 Months Ended |
Mar. 31, 2016 | |
Commitments and Contingencies Disclosure [Abstract] | |
Schedule of Contingencies | 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 April 25, 2016, April 20, 2015 and April 21, 2014: April 25, 2016 April 20, 2015 April 21, 2014 Individual Smoking and Health Cases (1) 62 64 70 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 2,498 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. The changes in Altria Group, Inc.’s accrued liability for tobacco and health litigation items, including related interest costs, for the periods specified below are as follows: For the Three Months Ended March 31, 2016 2015 (in millions) Accrued liability for tobacco and health litigation items at beginning of period $ 132 $ 39 Pre-tax charges for: Tobacco and health judgments 4 — Related interest costs 2 — Agreement to resolve federal Engle progeny cases — 43 Agreement to resolve Aspinall including interest costs 32 — Payments (17 ) (5 ) Accrued liability for tobacco and health litigation items at end of period $ 153 $ 77 |
(Condensed Consolidating Financ
(Condensed Consolidating Financial Information) (Tables) | 3 Months Ended |
Mar. 31, 2016 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Condensed Consolidating Balance Sheet | Condensed Consolidating Balance Sheets March 31, 2016 (in millions of dollars) Altria Group, Inc. PM USA Non- Guarantor Subsidiaries Total Consolidating Adjustments Consolidated Assets Cash and cash equivalents $ 3,749 $ — $ 66 $ — $ 3,815 Receivables — 6 98 — 104 Inventories: Leaf tobacco — 594 400 — 994 Other raw materials — 118 60 — 178 Work in process — 8 428 — 436 Finished product — 157 343 — 500 — 877 1,231 — 2,108 Due from Altria Group, Inc. and subsidiaries 16 5,129 1,820 (6,965 ) — Deferred income taxes — 1,268 7 (100 ) 1,175 Other current assets 301 21 80 (106 ) 296 Total current assets 4,066 7,301 3,302 (7,171 ) 7,498 Property, plant and equipment, at cost — 3,069 1,780 — 4,849 Less accumulated depreciation — 2,141 753 — 2,894 — 928 1,027 — 1,955 Goodwill — — 5,285 — 5,285 Other intangible assets, net — 2 12,021 — 12,023 Investment in SABMiller 5,743 — — — 5,743 Investment in consolidated subsidiaries 11,131 2,709 — (13,840 ) — Finance assets, net — — 1,165 — 1,165 Due from Altria Group, Inc. and subsidiaries 4,790 — — (4,790 ) — Other assets 19 571 141 (337 ) 394 Total Assets $ 25,749 $ 11,511 $ 22,941 $ (26,138 ) $ 34,063 Condensed Consolidating Balance Sheets (Continued) March 31, 2016 (in millions of dollars) Altria Group, Inc. PM USA Non- Guarantor Subsidiaries Total Consolidating Adjustments Consolidated Liabilities Current portion of long-term debt $ — $ — $ 4 $ — $ 4 Accounts payable — 107 101 — 208 Accrued liabilities: Marketing — 578 109 — 687 Employment costs 66 5 66 — 137 Settlement charges — 4,753 7 — 4,760 Other 323 569 329 (100 ) 1,121 Income taxes — 522 174 (106 ) 590 Dividends payable 1,109 — — — 1,109 Due to Altria Group, Inc. and subsidiaries 6,720 220 25 (6,965 ) — Total current liabilities 8,218 6,754 815 (7,171 ) 8,616 Long-term debt 12,834 — 12 — 12,846 Deferred income taxes 1,638 — 4,305 (337 ) 5,606 Accrued pension costs 204 — 1,275 — 1,479 Accrued postretirement health care costs — 1,483 831 — 2,314 Due to Altria Group, Inc. and subsidiaries — — 4,790 (4,790 ) — Other liabilities 110 130 177 — 417 Total liabilities 23,004 8,367 12,205 (12,298 ) 31,278 Contingencies Redeemable noncontrolling interest — — 37 — 37 Stockholders’ Equity Common stock 935 — 9 (9 ) 935 Additional paid-in capital 5,818 3,310 11,446 (14,756 ) 5,818 Earnings reinvested in the business 27,367 106 1,089 (1,195 ) 27,367 Accumulated other comprehensive losses (3,327 ) (272 ) (1,848 ) 2,120 (3,327 ) Cost of repurchased stock (28,048 ) — — — (28,048 ) Total stockholders’ equity attributable to Altria Group, Inc. 2,745 3,144 10,696 (13,840 ) 2,745 Noncontrolling interests — — 3 — 3 Total stockholders’ equity 2,745 3,144 10,699 (13,840 ) 2,748 Total Liabilities and Stockholders’ Equity $ 25,749 $ 11,511 $ 22,941 $ (26,138 ) $ 34,063 Condensed Consolidating Balance Sheets December 31, 2015 (in millions of dollars) Altria PM USA Non- Total 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 20 536 131 (327 ) 360 Total Assets $ 24,538 $ 10,170 $ 23,037 $ (25,282 ) $ 32,463 Condensed Consolidating Balance Sheets (Continued) December 31, 2015 (in millions of dollars) Altria PM USA Non- Total 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 12,831 — 12 — 12,843 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 21,658 6,679 12,135 (10,919 ) 29,553 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 $ 24,538 $ 10,170 $ 23,037 $ (25,282 ) $ 32,463 |
Condensed Consolidating Statements of Earnings and Comprehensive Earnings | Condensed Consolidating Statements of Earnings and Comprehensive Earnings For the Three Months Ended March 31, 2016 (in millions of dollars) Altria PM USA Non- Total Consolidated Net revenues $ — $ 5,265 $ 810 $ (9 ) $ 6,066 Cost of sales — 1,642 241 (9 ) 1,874 Excise taxes on products — 1,487 49 — 1,536 Gross profit — 2,136 520 — 2,656 Marketing, administration and research costs 36 415 108 — 559 Asset impairment and exit costs 5 94 21 — 120 Operating (expense) income (41 ) 1,627 391 — 1,977 Interest and other debt expense, net 129 15 56 — 200 Earnings from equity investment in SABMiller (66 ) — — — (66 ) Gain on derivative financial instrument (40 ) — — — (40 ) (Loss) earnings before income taxes and equity earnings of subsidiaries (64 ) 1,612 335 — 1,883 (Benefit) provision for income taxes (49 ) 603 111 — 665 Equity earnings of subsidiaries 1,232 60 — (1,292 ) — Net earnings 1,217 1,069 224 (1,292 ) 1,218 Net earnings attributable to noncontrolling interests — — (1 ) — (1 ) Net earnings attributable to Altria Group, Inc. $ 1,217 $ 1,069 $ 223 $ (1,292 ) $ 1,217 Net earnings $ 1,217 $ 1,069 $ 224 $ (1,292 ) $ 1,218 Other comprehensive losses, net of deferred income taxes (47 ) (17 ) (156 ) 173 (47 ) Comprehensive earnings 1,170 1,052 68 (1,119 ) 1,171 Comprehensive earnings attributable to noncontrolling interests — — (1 ) — (1 ) Comprehensive earnings attributable to $ 1,170 $ 1,052 $ 67 $ (1,119 ) $ 1,170 Condensed Consolidating Statements of Earnings and Comprehensive Earnings For the Three Months Ended March 31, 2015 (in millions of dollars) Altria PM USA Non- Total Consolidated Net revenues $ — $ 5,068 $ 745 $ (9 ) $ 5,804 Cost of sales — 1,566 240 (9 ) 1,797 Excise taxes on products — 1,480 52 — 1,532 Gross profit — 2,022 453 — 2,475 Marketing, administration and research costs 42 465 103 — 610 Operating (expense) income (42 ) 1,557 350 — 1,865 Interest and other debt expense (income), net 154 (1 ) 56 — 209 Loss on early extinguishment of debt 228 — — — 228 Earnings from equity investment in SABMiller (134 ) — — — (134 ) (Loss) earnings before income taxes and equity earnings of subsidiaries (290 ) 1,558 294 — 1,562 (Benefit) provision for income taxes (143 ) 584 103 — 544 Equity earnings of subsidiaries 1,165 61 — (1,226 ) — Net earnings 1,018 1,035 191 (1,226 ) 1,018 Net earnings attributable to noncontrolling interests — — — — — Net earnings attributable to Altria Group, Inc. $ 1,018 $ 1,035 $ 191 $ (1,226 ) $ 1,018 Net earnings $ 1,018 $ 1,035 $ 191 $ (1,226 ) $ 1,018 Other comprehensive (losses) earnings, net of deferred income taxes (263 ) 4 35 (39 ) (263 ) Comprehensive earnings 755 1,039 226 (1,265 ) 755 Comprehensive earnings attributable to noncontrolling interests — — — — — Comprehensive earnings attributable to $ 755 $ 1,039 $ 226 $ (1,265 ) $ 755 |
Condensed Consolidating Statements of Cash Flows | Condensed Consolidating Statements of Cash Flows For the Three Months Ended March 31, 2016 (in millions of dollars) Altria Group, Inc. PM USA Non- Guarantor Subsidiaries Total Consolidating Adjustments Consolidated Cash Provided by Operating Activities Net cash provided by operating activities $ 1,433 $ 2,780 $ 108 $ (1,632 ) $ 2,689 Cash Provided by (Used in) Investing Activities Capital expenditures — (7 ) (19 ) — (26 ) Proceeds from finance assets — — 56 — 56 Other — — 4 — 4 Net cash (used in) provided by investing activities — (7 ) 41 — 34 Cash Provided by (Used in) Financing Activities Repurchases of common stock (168 ) — — — (168 ) Dividends paid on common stock (1,108 ) — — — (1,108 ) Changes in amounts due to/from Altria Group, Inc. and subsidiaries 1,279 (1,374 ) 95 — — Cash dividends paid to parent — (1,399 ) (233 ) 1,632 — Other — — (1 ) — (1 ) Net cash provided by (used in) financing activities 3 (2,773 ) (139 ) 1,632 (1,277 ) Cash and cash equivalents: Increase 1,436 — 10 — 1,446 Balance at beginning of period 2,313 — 56 — 2,369 Balance at end of period $ 3,749 $ — $ 66 $ — $ 3,815 Condensed Consolidating Statements of Cash Flows For the Three Months Ended March 31, 2015 (in millions of dollars) Altria Group, Inc. PM USA Non- Guarantor Subsidiaries Total Consolidating Adjustments Consolidated Cash Provided by Operating Activities Net cash provided by operating activities $ 845 $ 2,696 $ 136 $ (1,179 ) $ 2,498 Cash Provided by (Used in) Investing Activities Capital expenditures — (15 ) (33 ) — (48 ) Proceeds from finance assets — — 147 — 147 Other — 10 (10 ) — — Net cash (used in) provided by investing activities — (5 ) 104 — 99 Cash Provided by (Used in) Financing Activities Long-term debt repaid (793 ) — — — (793 ) Repurchases of common stock (192 ) — — — (192 ) Dividends paid on common stock (1,026 ) — — — (1,026 ) Changes in amounts due to/from Altria Group, Inc. and subsidiaries 1,750 (1,634 ) (116 ) — — Premiums and fees related to early extinguishment of debt (226 ) — — — (226 ) Cash dividends paid to parent — (1,060 ) (119 ) 1,179 — Other — — (7 ) — (7 ) Net cash used in financing activities (487 ) (2,694 ) (242 ) 1,179 (2,244 ) Cash and cash equivalents: Increase (decrease) 358 (3 ) (2 ) — 353 Balance at beginning of period 3,281 3 37 — 3,321 Balance at end of period $ 3,639 $ — $ 35 $ — $ 3,674 |
Recent Accounting Guidance No31
Recent Accounting Guidance Not Yet Adopted (Tables) | 3 Months Ended |
Mar. 31, 2016 | |
New Accounting Pronouncements and Changes in Accounting Principles [Abstract] | |
Recent Accounting Guidance Not Yet Adopted | The following table provides a description of the recently issued accounting guidance that Altria Group, Inc. has not yet adopted: Standards Description Effective Date for Public Entity Effect on financial statements and other significant matters ASU Nos. 2014-09; 2015-14; 2016-08; 2016-10 Revenue from Contracts with Customers (Topic 606) The guidance establishes principles for reporting information about the nature, amount, timing, and uncertainty of revenue and cash flows arising from an entity’s contracts with customers. The guidance is effective 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 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. ASU No. 2015-17 Balance Sheet Classification of Deferred Taxes (Topic 740) The guidance simplifies 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. The guidance may be applied either prospectively to all deferred tax liabilities and assets or retrospectively to all periods presented. The guidance is effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period. Early adoption is permitted. Under the new guidance, at March 31, 2016, 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). Altria Group, Inc. will adopt the new guidance by the first quarter of 2017. ASU No. 2016-01 Recognition and Measurement of Financial Assets and Financial Liabilities (Subtopic 825-10) The guidance addresses certain aspects of recognition, measurement, presentation and disclosure of financial instruments. The guidance is 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. ASU No. 2016-02 Leases (Topic 842) The guidance increases transparency and comparability among organizations by requiring entities to recognize lease assets and lease liabilities on the balance sheet and disclose key information about leasing arrangements. The guidance is effective for annual reporting periods beginning after December 15, 2018, including interim periods within that reporting period. Early adoption is permitted. Altria Group, Inc. is in the process of evaluating the impact of this guidance on its consolidated financial statements and related disclosures. ASU No. 2016-09 Improvements to Employee Share-Based Payment Accounting (Topic 718) The guidance simplifies several aspects of the accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. The guidance is effective for annual reporting periods beginning after December 15, 2016, and interim periods within that reporting period. Early adoption is permitted in any interim or annual period. Altria Group, Inc. is in the process of evaluating the impact of this guidance on its consolidated financial statements and related disclosures. |
Background and Basis of Prese32
Background and Basis of Presentation (Narrative) (Details) - USD ($) $ / shares in Units, shares in Millions | 3 Months Ended | 15 Months Ended | ||||
Mar. 31, 2016 | Mar. 31, 2015 | Sep. 30, 2015 | Dec. 31, 2015 | Jul. 31, 2015 | Jul. 31, 2014 | |
Equity, Class of Treasury Stock [Line Items] | ||||||
Repurchase of common stock, shares | 2.8 | 3.6 | ||||
Average price of repurchased shares, per share | $ 59.81 | $ 53.03 | ||||
Accounting Standards Update 2015-03 [Member] | ||||||
Equity, Class of Treasury Stock [Line Items] | ||||||
Debt issuance costs | $ 70,000,000 | $ 72,000,000 | ||||
July 2014 Share Repurchase Program [Member] | ||||||
Equity, Class of Treasury Stock [Line Items] | ||||||
Planned share repurchase program | $ 1,000,000,000 | |||||
Repurchase of common stock, shares | 20.4 | |||||
Average price of repurchased shares, per share | $ 48.90 | |||||
July 2015 Share Repurchase Program [Member] | ||||||
Equity, Class of Treasury Stock [Line Items] | ||||||
Planned share repurchase program | $ 1,000,000,000 | |||||
Remaining authorized repurchase amount | $ 797,000,000 | |||||
SABMiller Plc [Member] | ||||||
Equity, Class of Treasury Stock [Line Items] | ||||||
Equity method investment, ownership percentage (approximately) | 27.00% |
Background and Basis of Prese33
Background and Basis of Presentation (Share Repurchase Table) (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions | 3 Months Ended | 12 Months Ended | |
Mar. 31, 2016 | Mar. 31, 2015 | Dec. 31, 2015 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |||
Repurchase of common stock, shares | 2.8 | 3.6 | |
Repurchases of common stock, value | $ 168 | $ 192 | $ 554 |
Average price of repurchased shares, per share | $ 59.81 | $ 53.03 |
Asset Impairment, Exit and Im34
Asset Impairment, Exit and Implementation Costs (Narrative) (Details) - Productivity Initiative [Member] - USD ($) $ / shares in Units, $ in Millions | 3 Months Ended | |
Mar. 31, 2016 | Jan. 31, 2016 | |
Restructuring Cost and Reserve [Line Items] | ||
Expected restructuring charges | $ 140 | |
Expected restructuring charges, per share | $ 0.05 | |
Restructuring charges | $ 122 | |
Restructuring charges, per share | $ 0.04 | |
Employee Separation Costs [Member] | ||
Restructuring Cost and Reserve [Line Items] | ||
Expected restructuring charges | $ 120 | |
Other Associated Costs [Member] | ||
Restructuring Cost and Reserve [Line Items] | ||
Expected restructuring charges | $ 20 |
Asset Impairment, Exit and Im35
Asset Impairment, Exit and Implementation Costs (Pre-tax Asset Impairment, Exit and Implementation Costs) (Details) - USD ($) $ in Millions | 3 Months Ended | |
Mar. 31, 2016 | Mar. 31, 2015 | |
Restructuring Cost and Reserve [Line Items] | ||
Asset impairment and exit costs | $ 120 | $ 0 |
Corporate, Non-Segment [Member] | ||
Restructuring Cost and Reserve [Line Items] | ||
Asset impairment and exit costs | (5) | $ 0 |
Productivity Initiative [Member] | ||
Restructuring Cost and Reserve [Line Items] | ||
Asset impairment and exit costs | 120 | |
Implementation Costs | 2 | |
Total restructuring charges | 122 | |
Termination and curtailment costs | 20 | |
Productivity Initiative [Member] | Operating Segments [Member] | Smokeable Products [Member] | ||
Restructuring Cost and Reserve [Line Items] | ||
Asset impairment and exit costs | 97 | |
Implementation Costs | 2 | |
Total restructuring charges | 99 | |
Productivity Initiative [Member] | Operating Segments [Member] | Smokeless Products [Member] | ||
Restructuring Cost and Reserve [Line Items] | ||
Asset impairment and exit costs | 13 | |
Implementation Costs | 0 | |
Total restructuring charges | 13 | |
Productivity Initiative [Member] | Operating Segments [Member] | All Other [Member] | ||
Restructuring Cost and Reserve [Line Items] | ||
Asset impairment and exit costs | 5 | |
Implementation Costs | 0 | |
Total restructuring charges | 5 | |
Productivity Initiative [Member] | Corporate, Non-Segment [Member] | ||
Restructuring Cost and Reserve [Line Items] | ||
Asset impairment and exit costs | 5 | |
Implementation Costs | 0 | |
Total restructuring charges | $ 5 |
Asset Impairment, Exit and Im36
Asset Impairment, Exit and Implementation Costs (Restructuring Reserve) (Details) - Productivity Initiative [Member] $ in Millions | 3 Months Ended |
Mar. 31, 2016USD ($) | |
Restructuring Cost and Reserve [Line Items] | |
Charges | $ 100 |
Cash spent | (2) |
Restructuring reserve, ending balance | $ 98 |
Benefit Plans (Schedule Of Comp
Benefit Plans (Schedule Of Components Of Net Periodic Pension and Postretirement Costs) (Details) - USD ($) $ in Millions | 3 Months Ended | |
Mar. 31, 2016 | Mar. 31, 2015 | |
Pension Plan [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Service cost | $ 18 | $ 21 |
Interest cost | 71 | 84 |
Expected return on plan assets | (138) | (135) |
Amortization of net loss | 44 | 59 |
Amortization of prior service cost (credit) | 1 | 2 |
Termination and curtailment | 20 | 0 |
Net periodic benefit cost | 16 | 31 |
Other Postretirement Benefit Plan [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Service cost | 4 | 4 |
Interest cost | 21 | 26 |
Expected return on plan assets | 0 | 0 |
Amortization of net loss | 7 | 12 |
Amortization of prior service cost (credit) | (10) | (10) |
Termination and curtailment | 0 | 0 |
Net periodic benefit cost | $ 22 | $ 32 |
Benefit Plans (Narrative) (Deta
Benefit Plans (Narrative) (Details) - USD ($) $ in Millions | 3 Months Ended | |
Mar. 31, 2016 | Mar. 31, 2015 | |
Defined Benefit Plan Disclosure [Line Items] | ||
Increase to liabilities | $ (18) | $ 25 |
Pension Plan [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Increase to liabilities | 250 | |
Employer contributions | 3 | |
Pension Plan [Member] | Minimum [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Anticipated additional employer contributions | 30 | |
Pension Plan [Member] | Maximum [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Anticipated additional employer contributions | 75 | |
Other Postretirement Benefit Plan [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Increase to liabilities | $ 70 |
Investment in SABMiller (Narrat
Investment in SABMiller (Narrative) (Details) £ / shares in Units, £ in Millions, $ in Millions | 1 Months Ended | 3 Months Ended | |||
Nov. 30, 2015USD ($)shares | Mar. 31, 2016USD ($) | Dec. 31, 2015USD ($) | Nov. 30, 2015GBP (£)£ / shares | Nov. 30, 2015USD ($) | |
Foreign Exchange Option [Member] | |||||
Business Acquisition [Line Items] | |||||
Notional amount of option | £ 1,625 | $ 2,467 | |||
Pre-tax gain on change in fair value of option | $ 40 | ||||
Fair value of option | $ 192 | $ 152 | |||
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, GBP in cash (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 percentage | 10.50% | 10.50% | |||
SABMiller Plc [Member] | |||||
Business Acquisition [Line Items] | |||||
Equity method investment, ownership percentage (approximately) | 27.00% |
Earnings Per Share (Details)
Earnings Per Share (Details) - USD ($) shares in Millions, $ in Millions | 3 Months Ended | |
Mar. 31, 2016 | Mar. 31, 2015 | |
Earnings Per Share [Abstract] | ||
Net earnings attributable to Altria Group, Inc. | $ 1,217 | $ 1,018 |
Less: Distributed and undistributed earnings attributable to unvested restricted shares and restricted stock units | (2) | (2) |
Earnings for basic and diluted EPS | $ 1,215 | $ 1,016 |
Weighted-average shares for basic and diluted EPS | 1,956 | 1,966 |
Other Comprehensive Earnings_41
Other Comprehensive Earnings/Losses (Changes in Each Component of Accumulated Other Comprehensive Losses) (Details) - USD ($) $ in Millions | 3 Months Ended | 12 Months Ended | |
Mar. 31, 2016 | Mar. 31, 2015 | Dec. 31, 2015 | |
Accumulated Other Comprehensive Income [Roll Forward] | |||
Balances at beginning of period | $ (3,280) | $ (2,682) | $ (2,682) |
Other comprehensive earnings (losses) before reclassifications | (135) | (472) | |
Deferred income taxes | 58 | 164 | |
Other comprehensive earnings (losses) before reclassifications, net of deferred income taxes | (77) | (308) | |
Amounts reclassified to earnings | 48 | 72 | |
Deferred income taxes | (18) | (27) | |
Amounts reclassified to net earnings, net of deferred income taxes | 30 | 45 | |
Other comprehensive earnings (losses), net of deferred income taxes | (47) | (263) | (598) |
Balances at end of period | (3,327) | (2,945) | (3,280) |
SABMiller Plc [Member] | |||
Accumulated Other Comprehensive Income [Roll Forward] | |||
Balances at beginning of period | (1,265) | (640) | (640) |
Other comprehensive earnings (losses) before reclassifications | 182 | (471) | |
Deferred income taxes | (64) | 164 | |
Other comprehensive earnings (losses) before reclassifications, net of deferred income taxes | 118 | (307) | |
Amounts reclassified to earnings | 12 | 4 | |
Deferred income taxes | (4) | (1) | |
Amounts reclassified to net earnings, net of deferred income taxes | 8 | 3 | |
Other comprehensive earnings (losses), net of deferred income taxes | 126 | (304) | |
Balances at end of period | (1,139) | (944) | (1,265) |
Currency Translation Adjustments [Member] | |||
Accumulated Other Comprehensive Income [Roll Forward] | |||
Balances at beginning of period | (5) | (2) | (2) |
Other comprehensive earnings (losses) before reclassifications | 1 | (1) | |
Deferred income taxes | 0 | 0 | |
Other comprehensive earnings (losses) before reclassifications, net of deferred income taxes | 1 | (1) | |
Amounts reclassified to earnings | 0 | 0 | |
Deferred income taxes | 0 | 0 | |
Amounts reclassified to net earnings, net of deferred income taxes | 0 | 0 | |
Other comprehensive earnings (losses), net of deferred income taxes | 1 | (1) | |
Balances at end of period | (4) | (3) | (5) |
Benefit Plans [Member] | |||
Accumulated Other Comprehensive Income [Roll Forward] | |||
Balances at beginning of period | (2,010) | (2,040) | (2,040) |
Other comprehensive earnings (losses) before reclassifications | (318) | 0 | |
Deferred income taxes | 122 | 0 | |
Other comprehensive earnings (losses) before reclassifications, net of deferred income taxes | (196) | 0 | |
Amounts reclassified to earnings | 36 | 68 | |
Deferred income taxes | (14) | (26) | |
Amounts reclassified to net earnings, net of deferred income taxes | 22 | 42 | |
Other comprehensive earnings (losses), net of deferred income taxes | (174) | 42 | |
Balances at end of period | $ (2,184) | $ (1,998) | $ (2,010) |
Other Comprehensive Earnings_42
Other Comprehensive Earnings/Losses (Reclassifications) (Details) - USD ($) $ in Millions | 3 Months Ended | |
Mar. 31, 2016 | Mar. 31, 2015 | |
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ||
Earnings (loss) before income taxes | $ 1,883 | $ 1,562 |
Benefit Plans [Member] | ||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ||
Net Loss | 55 | 76 |
Prior service cost/credit | (19) | (8) |
Benefits plans, net | 36 | 68 |
Reclassification out of Accumulated Other Comprehensive Income [Member] | ||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ||
Earnings (loss) before income taxes | 48 | 72 |
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 | $ 12 | $ 4 |
Segment Reporting (Segment Data
Segment Reporting (Segment Data Schedule) (Details) - USD ($) $ in Millions | 3 Months Ended | |
Mar. 31, 2016 | Mar. 31, 2015 | |
Segment Reporting Information [Line Items] | ||
Net revenues | $ 6,066 | $ 5,804 |
Corporate asset impairment and exit costs | 120 | 0 |
Operating income | 1,977 | 1,865 |
Interest and other debt expense, net | (200) | (209) |
Loss on early extinguishment of debt | 0 | (228) |
Earnings from equity investment in SABMiller | 66 | 134 |
Gain on derivative financial instrument | 40 | 0 |
Earnings (loss) before income taxes | 1,883 | 1,562 |
Operating Segments [Member] | ||
Segment Reporting Information [Line Items] | ||
Net revenues | 6,066 | 5,804 |
Operating Segments [Member] | Smokeable Products [Member] | ||
Segment Reporting Information [Line Items] | ||
Net revenues | 5,422 | 5,221 |
Operating companies income (loss) | 1,751 | 1,686 |
Operating Segments [Member] | Smokeless Products [Member] | ||
Segment Reporting Information [Line Items] | ||
Net revenues | 479 | 430 |
Operating companies income (loss) | 280 | 251 |
Operating Segments [Member] | Wine [Member] | ||
Segment Reporting Information [Line Items] | ||
Net revenues | 145 | 134 |
Operating companies income (loss) | 28 | 27 |
Operating Segments [Member] | All Other [Member] | ||
Segment Reporting Information [Line Items] | ||
Net revenues | 20 | 19 |
Operating companies income (loss) | (21) | (41) |
Corporate, Non-Segment [Member] | ||
Segment Reporting Information [Line Items] | ||
Amortization of intangibles | (5) | (5) |
General corporate expenses | (51) | (53) |
Corporate asset impairment and exit costs | $ (5) | $ 0 |
Segment Reporting (Schedule of
Segment Reporting (Schedule of NPM Adjustment Items) (Details) - Health Care Cost Recovery Actions [Member] $ in Millions | 3 Months Ended |
Mar. 31, 2016USD ($) | |
NPM Adjustment [Line Items] | |
Litigation settlement, amount | $ 18 |
Operating Income (Loss) [Member] | Operating Segments [Member] | Smokeable Products [Member] | |
NPM Adjustment [Line Items] | |
Litigation settlement, amount | 12 |
Interest And Other Debt Expense, Net [Member] | Segment Reconciling Items [Member] | Smokeable Products [Member] | |
NPM Adjustment [Line Items] | |
Interest and other debt expense, net | $ 6 |
Segment Reporting (Schedule o45
Segment Reporting (Schedule of Pre-tax Tobacco and Health Litigation Items) (Details) - Tobacco and Health Litigation Cases [Member] - USD ($) $ in Millions | 3 Months Ended | |
Mar. 31, 2016 | Mar. 31, 2015 | |
Schedule of Pre-tax Tobacco and Health Litigation Items [Line Items] | ||
Provision related to litigation recorded | $ 38 | $ 43 |
Operating Income (Loss) [Member] | Operating Segments [Member] | Smokeable Products [Member] | ||
Schedule of Pre-tax Tobacco and Health Litigation Items [Line Items] | ||
Provision related to litigation recorded | 26 | 43 |
Interest And Other Debt Expense, Net [Member] | Segment Reconciling Items [Member] | ||
Schedule of Pre-tax Tobacco and Health Litigation Items [Line Items] | ||
Provision related to litigation recorded | $ 12 | $ 0 |
Segment Reporting (Narrative) (
Segment Reporting (Narrative) (Details) $ in Millions | 1 Months Ended | 3 Months Ended | |
Feb. 28, 2015case | Mar. 31, 2016USD ($) | Mar. 31, 2015USD ($)case | |
Tobacco and Health Litigation Cases [Member] | |||
Segment Reporting Information [Line Items] | |||
Provision related to litigation recorded | $ 38 | $ 43 | |
Engle Progeny Cases, Federal [Member] | PM USA [Member] | |||
Segment Reporting Information [Line Items] | |||
Provision related to litigation recorded | $ 43 | ||
Number of claims resolved | case | 415 | 415 | |
Operating Segments [Member] | Operating Income (Loss) [Member] | Smokeable Products [Member] | Tobacco and Health Litigation Cases [Member] | |||
Segment Reporting Information [Line Items] | |||
Provision related to litigation recorded | 26 | $ 43 | |
Segment Reconciling Items [Member] | Interest And Other Debt Expense, Net [Member] | Tobacco and Health Litigation Cases [Member] | |||
Segment Reporting Information [Line Items] | |||
Provision related to litigation recorded | $ 12 | $ 0 |
Finance Assets, net (Narrative)
Finance Assets, net (Narrative) (Details) - USD ($) $ in Millions | Mar. 31, 2016 | Dec. 31, 2015 | Mar. 31, 2015 | Dec. 31, 2014 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Finance assets, net | $ 1,165 | $ 1,239 | ||
Investments in finance leases | 1,205 | 1,281 | ||
Allowance for credit losses | 40 | 42 | $ 42 | $ 42 |
Finance Leases Financing Receivable [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Investments in finance leases | $ 1,205 | $ 1,281 |
Finance Assets, net (Schedule o
Finance Assets, net (Schedule of Allowance for Losses on Finance Assets) (Details) - USD ($) $ in Millions | 3 Months Ended | |
Mar. 31, 2016 | Mar. 31, 2015 | |
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ||
Beginning balance | $ 42 | $ 42 |
(Decrease) increase to allowance | (2) | 0 |
Ending balance | $ 40 | $ 42 |
Finance Assets, net (Schedule49
Finance Assets, net (Schedule of Credit Quality of Investments in Finance Leases) (Details) - USD ($) $ in Millions | Mar. 31, 2016 | Dec. 31, 2015 |
Financing Receivable, Recorded Investment [Line Items] | ||
Gross investments in finance leases | $ 1,205 | $ 1,281 |
Finance Leases Financing Receivable [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Gross investments in finance leases | 1,205 | 1,281 |
Finance Leases Financing Receivable [Member] | Standard and Poors AAA to A minus [Member] | Moodys Aaa to A3 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Gross investments in finance leases | 213 | 212 |
Finance Leases Financing Receivable [Member] | Standard and Poors BBB plus to BBB minus [Member] | Moodys Baa1 to Baa3 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Gross investments in finance leases | 603 | 702 |
Finance Leases Financing Receivable [Member] | Standard and Poors BB Plus and Lower [Member] | Moodys Ba1 and Lower [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Gross investments in finance leases | $ 389 | $ 367 |
Debt (Narrative) (Details)
Debt (Narrative) (Details) - USD ($) | 3 Months Ended | ||
Mar. 31, 2016 | Mar. 31, 2015 | Dec. 31, 2015 | |
Debt Instrument [Line Items] | |||
Short-term borrowings | $ 0 | $ 0 | |
Loss on early extinguishment of debt | 0 | $ 228,000,000 | |
Debt tender premium and fees | 226,000,000 | ||
Write-off of unamortized debt discount | $ 2,000,000 | ||
Reported Value Measurement [Member] | |||
Debt Instrument [Line Items] | |||
Fair value of long term debt | 12,900,000,000 | 12,800,000,000 | |
Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value Measurement [Member] | |||
Debt Instrument [Line Items] | |||
Fair value of long term debt | 15,500,000,000 | $ 14,500,000,000 | |
Senior Notes [Member] | |||
Debt Instrument [Line Items] | |||
Interest rate | 9.70% | ||
Senior Notes [Member] | Senior Notes [Member] | |||
Debt Instrument [Line Items] | |||
Notes purchased | $ 793,000,000 | ||
Senior Notes [Member] | Notes Issued, 2008 and 2009 [Member] | Subject to Credit Rating Step Up [Member] | |||
Debt Instrument [Line Items] | |||
Aggregate principal amount | $ 3,400,000,000 |
Contingencies (General Informat
Contingencies (General Information Narrative) (Details) | Mar. 31, 2016state |
Commitments and Contingencies Disclosure [Abstract] | |
Number of states that cap bond or require no bond | 47 |
Contingencies (Schedule Of Pend
Contingencies (Schedule Of Pending Cases) (Details) | Apr. 25, 2016casephaseplantifftrial | Apr. 20, 2015case | Apr. 21, 2014case |
Individual Smoking And Health Cases [Member] | |||
Loss Contingencies [Line Items] | |||
Number of cases pending | 64 | 70 | |
Individual Smoking And Health Cases [Member] | Subsequent Event [Member] | |||
Loss Contingencies [Line Items] | |||
Number of cases pending | 62 | ||
ETS Smoking and Health Case, Flight Attendants [Member] | Subsequent Event [Member] | |||
Loss Contingencies [Line Items] | |||
Cases excluded | 2,498 | ||
Smoking And Health Class Actions And Aggregated Claims Litigation [Member] | |||
Loss Contingencies [Line Items] | |||
Number of cases pending | 5 | 6 | |
Smoking And Health Class Actions And Aggregated Claims Litigation [Member] | Subsequent Event [Member] | |||
Loss Contingencies [Line Items] | |||
Number of cases pending | 5 | ||
Smoking And Health Class Actions And Aggregated Claims Litigation [Member] | Subsequent Event [Member] | Pending Litigation [Member] | WEST VIRGINIA | |||
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 | ||
Smoking And Health Class Actions And Aggregated Claims Litigation [Member] | Subsequent Event [Member] | Pending Litigation [Member] | WEST VIRGINIA | PM USA [Member] | |||
Loss Contingencies [Line Items] | |||
Number of civil actions | 344 | ||
Number of trial phases | phase | 2 | ||
Health Care Cost Recovery Actions [Member] | |||
Loss Contingencies [Line Items] | |||
Number of cases pending | 1 | 1 | |
Health Care Cost Recovery Actions [Member] | Subsequent Event [Member] | |||
Loss Contingencies [Line Items] | |||
Number of cases pending | 1 | ||
Lights Ultra Lights Class Actions [Member] | |||
Loss Contingencies [Line Items] | |||
Number of cases pending | 12 | 15 | |
Lights Ultra Lights Class Actions [Member] | Subsequent Event [Member] | |||
Loss Contingencies [Line Items] | |||
Number of cases pending | 11 |
Contingencies (Overview of Altr
Contingencies (Overview of Altria Group, Inc. and/or PM USA Tobacco-Related Litigation Narrative) (Details) $ in Millions | Apr. 25, 2016case | Mar. 31, 2015USD ($) | Feb. 28, 2015case | May. 31, 2001USD ($) | Mar. 31, 2015USD ($)case | Apr. 25, 2016USD ($)case | Mar. 31, 2016USD ($)case | Mar. 31, 2016USD ($)case | Apr. 20, 2015case | Apr. 21, 2014case |
Health Care Cost Recovery Actions [Member] | ||||||||||
Loss Contingencies [Line Items] | ||||||||||
Number of cases pending | 1 | 1 | ||||||||
Smoking And Health Class Actions And Aggregated Claims Litigation [Member] | ||||||||||
Loss Contingencies [Line Items] | ||||||||||
Number of cases pending | 5 | 6 | ||||||||
Individual Smoking And Health Cases [Member] | ||||||||||
Loss Contingencies [Line Items] | ||||||||||
Number of cases pending | 64 | 70 | ||||||||
Lights Ultra Lights Class Actions [Member] | ||||||||||
Loss Contingencies [Line Items] | ||||||||||
Number of cases pending | 12 | 15 | ||||||||
Subsequent Event [Member] | Health Care Cost Recovery Actions [Member] | ||||||||||
Loss Contingencies [Line Items] | ||||||||||
Number of cases pending | 1 | 1 | ||||||||
Subsequent Event [Member] | Smoking And Health Class Actions And Aggregated Claims Litigation [Member] | ||||||||||
Loss Contingencies [Line Items] | ||||||||||
Number of cases pending | 5 | 5 | ||||||||
Subsequent Event [Member] | Engle Progeny Cases [Member] | ||||||||||
Loss Contingencies [Line Items] | ||||||||||
Judgments paid | $ | $ 35 | |||||||||
Litigation settlement interest expense (income) | $ | $ 7 | |||||||||
Subsequent Event [Member] | Individual Smoking And Health Cases [Member] | ||||||||||
Loss Contingencies [Line Items] | ||||||||||
Number of cases pending | 62 | 62 | ||||||||
Subsequent Event [Member] | Tobacco and Health Judgment [Member] | ||||||||||
Loss Contingencies [Line Items] | ||||||||||
Judgments paid | $ | $ 336 | |||||||||
Litigation settlement interest expense (income) | $ | $ 148 | |||||||||
Subsequent Event [Member] | Lights Ultra Lights Class Actions [Member] | ||||||||||
Loss Contingencies [Line Items] | ||||||||||
Number of cases pending | 11 | 11 | ||||||||
Philip Morris USA and Altria Group [Member] | Subsequent Event [Member] | Health Care Cost Recovery Actions [Member] | CANADA | ||||||||||
Loss Contingencies [Line Items] | ||||||||||
Number of cases pending | 8 | 8 | ||||||||
Philip Morris USA and Altria Group [Member] | Subsequent Event [Member] | Smoking And Health Class Actions And Aggregated Claims Litigation [Member] | CANADA | ||||||||||
Loss Contingencies [Line Items] | ||||||||||
Number of cases pending | 7 | 7 | ||||||||
PM USA [Member] | Pending Litigation [Member] | Other Assets [Member] | ||||||||||
Loss Contingencies [Line Items] | ||||||||||
Security posted for appeal of judgments | $ | $ 99 | $ 99 | ||||||||
PM USA [Member] | Health Care Cost Recovery Actions [Member] | ||||||||||
Loss Contingencies [Line Items] | ||||||||||
Number of claims dismissed | 1 | |||||||||
PM USA [Member] | Smoking And Health Class Actions And Aggregated Claims Litigation [Member] | ||||||||||
Loss Contingencies [Line Items] | ||||||||||
Number of claims dismissed | 60 | |||||||||
PM USA [Member] | Smoking And Health Class Actions And Aggregated Claims Litigation [Member] | CALIFORNIA | ||||||||||
Loss Contingencies [Line Items] | ||||||||||
Number of claims dismissed | 1 | |||||||||
PM USA [Member] | Smoking And Health Class Actions And Aggregated Claims Litigation [Member] | FLORIDA | ||||||||||
Loss Contingencies [Line Items] | ||||||||||
Number of claims dismissed | 2 | |||||||||
PM USA [Member] | Smoking And Health Class Actions And Aggregated Claims Litigation [Member] | LOUISIANA | ||||||||||
Loss Contingencies [Line Items] | ||||||||||
Number of claims dismissed | 1 | |||||||||
PM USA [Member] | Smoking And Health Class Actions And Aggregated Claims Litigation [Member] | NEW JERSEY | ||||||||||
Loss Contingencies [Line Items] | ||||||||||
Number of claims dismissed | 6 | |||||||||
PM USA [Member] | Smoking And Health Class Actions And Aggregated Claims Litigation [Member] | NEW YORK | ||||||||||
Loss Contingencies [Line Items] | ||||||||||
Number of claims dismissed | 2 | |||||||||
PM USA [Member] | Smoking And Health Class Actions And Aggregated Claims Litigation [Member] | OHIO | ||||||||||
Loss Contingencies [Line Items] | ||||||||||
Number of claims dismissed | 1 | |||||||||
PM USA [Member] | Smoking And Health Class Actions And Aggregated Claims Litigation [Member] | PENNSYLVANIA | ||||||||||
Loss Contingencies [Line Items] | ||||||||||
Number of claims dismissed | 1 | |||||||||
PM USA [Member] | Engle Progeny Cases [Member] | ||||||||||
Loss Contingencies [Line Items] | ||||||||||
Payments made | $ | $ 500 | |||||||||
PM USA [Member] | Non Engle Progeny Cases [Member] | ||||||||||
Loss Contingencies [Line Items] | ||||||||||
Number of verdicts returned | 61 | |||||||||
Number of favorable verdicts | 41 | |||||||||
Number of unfavorable verdicts | 20 | |||||||||
Number of claims resolved | 15 | |||||||||
PM USA [Member] | Non Engle Progeny Cases [Member] | ALASKA | ||||||||||
Loss Contingencies [Line Items] | ||||||||||
Number of favorable verdicts | 1 | |||||||||
PM USA [Member] | Non Engle Progeny Cases [Member] | CALIFORNIA | ||||||||||
Loss Contingencies [Line Items] | ||||||||||
Number of favorable verdicts | 7 | |||||||||
PM USA [Member] | Non Engle Progeny Cases [Member] | FLORIDA | ||||||||||
Loss Contingencies [Line Items] | ||||||||||
Number of favorable verdicts | 10 | |||||||||
Number cases with granted new trial | 1 | 1 | ||||||||
PM USA [Member] | Non Engle Progeny Cases [Member] | LOUISIANA | ||||||||||
Loss Contingencies [Line Items] | ||||||||||
Number of favorable verdicts | 1 | |||||||||
PM USA [Member] | Non Engle Progeny Cases [Member] | MASSACHUSETTS | ||||||||||
Loss Contingencies [Line Items] | ||||||||||
Number of favorable verdicts | 2 | |||||||||
PM USA [Member] | Non Engle Progeny Cases [Member] | MISSISSIPPI | ||||||||||
Loss Contingencies [Line Items] | ||||||||||
Number of favorable verdicts | 1 | |||||||||
PM USA [Member] | Non Engle Progeny Cases [Member] | MISSOURI | ||||||||||
Loss Contingencies [Line Items] | ||||||||||
Number of favorable verdicts | 4 | |||||||||
PM USA [Member] | Non Engle Progeny Cases [Member] | NEW HAMPSHIRE | ||||||||||
Loss Contingencies [Line Items] | ||||||||||
Number of favorable verdicts | 1 | |||||||||
PM USA [Member] | Non Engle Progeny Cases [Member] | NEW JERSEY | ||||||||||
Loss Contingencies [Line Items] | ||||||||||
Number of favorable verdicts | 1 | |||||||||
PM USA [Member] | Non Engle Progeny Cases [Member] | NEW YORK | ||||||||||
Loss Contingencies [Line Items] | ||||||||||
Number of favorable verdicts | 5 | |||||||||
PM USA [Member] | Non Engle Progeny Cases [Member] | OHIO | ||||||||||
Loss Contingencies [Line Items] | ||||||||||
Number of favorable verdicts | 2 | |||||||||
PM USA [Member] | Non Engle Progeny Cases [Member] | PENNSYLVANIA | ||||||||||
Loss Contingencies [Line Items] | ||||||||||
Number of favorable verdicts | 1 | |||||||||
PM USA [Member] | Non Engle Progeny Cases [Member] | RHODE ISLAND | ||||||||||
Loss Contingencies [Line Items] | ||||||||||
Number of favorable verdicts | 1 | |||||||||
PM USA [Member] | Non Engle Progeny Cases [Member] | TENNESSEE | ||||||||||
Loss Contingencies [Line Items] | ||||||||||
Number of favorable verdicts | 2 | |||||||||
PM USA [Member] | Non Engle Progeny Cases [Member] | WEST VIRGINIA | ||||||||||
Loss Contingencies [Line Items] | ||||||||||
Number of favorable verdicts | 2 | |||||||||
PM USA [Member] | Engle Progeny Cases, Federal [Member] | ||||||||||
Loss Contingencies [Line Items] | ||||||||||
Number of claims resolved | 415 | 415 | ||||||||
Payments made | $ | $ 43 | $ 43 | ||||||||
PM USA [Member] | Medical Monitoring Class Actions [Member] | ||||||||||
Loss Contingencies [Line Items] | ||||||||||
Number of cases pending | 1 | 1 | ||||||||
PM USA [Member] | Subsequent Event [Member] | Health Care Cost Recovery Actions [Member] | CANADA | ||||||||||
Loss Contingencies [Line Items] | ||||||||||
Number of cases pending | 10 | 10 | ||||||||
PM USA [Member] | Subsequent Event [Member] | Engle Progeny Cases [Member] | ||||||||||
Loss Contingencies [Line Items] | ||||||||||
Number of cases pending | 2 | 2 | ||||||||
Number of cases set for trial | 6 | 6 | ||||||||
Number of verdicts returned | 96 | |||||||||
Number of favorable verdicts | 41 | |||||||||
Number of unfavorable verdicts | 53 | |||||||||
PM USA [Member] | Subsequent Event [Member] | Engle Progeny Cases [Member] | Remanded For a New Trial [Member] | ||||||||||
Loss Contingencies [Line Items] | ||||||||||
Number of cases pending | 1 | 1 | ||||||||
PM USA [Member] | Subsequent Event [Member] | Individual Smoking And Health Cases [Member] | ||||||||||
Loss Contingencies [Line Items] | ||||||||||
Number of cases set for trial | 0 | 0 | ||||||||
PM USA [Member] | Subsequent Event [Member] | Engle Progeny Cases, Federal [Member] | ||||||||||
Loss Contingencies [Line Items] | ||||||||||
Number of cases pending | 21 | 21 | ||||||||
Number of favorable verdicts | 9 | |||||||||
PM USA [Member] | Subsequent Event [Member] | Medical Monitoring Class Actions [Member] | ||||||||||
Loss Contingencies [Line Items] | ||||||||||
Number of cases set for trial | 0 | 0 | ||||||||
PM USA [Member] | Subsequent Event [Member] | Lights Ultra Lights Class Actions [Member] | ||||||||||
Loss Contingencies [Line Items] | ||||||||||
Number of cases set for trial | 0 | 0 |
Contingencies (Judgments Record
Contingencies (Judgments Recorded and Paid) (Details) - USD ($) $ in Millions | 3 Months Ended | |
Mar. 31, 2016 | Mar. 31, 2015 | |
Loss Contingency Accrual [Roll Forward] | ||
Accrued liability for tobacco and health litigation items at beginning of period | $ 132 | $ 39 |
Payments | (17) | (5) |
Accrued liability for tobacco and health litigation items at end of period | 153 | 77 |
Interest Expense Related To Litigation [Member] | ||
Loss Contingency Accrual [Roll Forward] | ||
Pre-tax charges | 2 | 0 |
Aspinall [Member] | ||
Loss Contingency Accrual [Roll Forward] | ||
Pre-tax charges | 32 | 0 |
Tobacco and Health Judgment [Member] | Litigation Cases Results [Member] | ||
Loss Contingency Accrual [Roll Forward] | ||
Pre-tax charges | 4 | 0 |
Engle Progeny Cases, Federal [Member] | Litigation Cases Results [Member] | ||
Loss Contingency Accrual [Roll Forward] | ||
Pre-tax charges | $ 0 | $ 43 |
Contingencies (Non-Engle Progen
Contingencies (Non-Engle Progeny Cases Trial Results Narrative) (Details) - PM USA [Member] - USD ($) | 1 Months Ended | 3 Months Ended | |||
Dec. 31, 2010 | Dec. 31, 2015 | Feb. 29, 2012 | May. 31, 2002 | Mar. 31, 2002 | |
Non-Engle Progeny Smoking and Health Case, Bullock [Member] | |||||
Loss Contingencies [Line Items] | |||||
Compensatory damages awarded | $ 900,000 | ||||
Non-Engle Progeny Smoking and Health Case, Schwarz [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 | Apr. 25, 2016case | Mar. 31, 2015USD ($) | Feb. 28, 2015case | Jun. 30, 2009USD ($)case | Feb. 29, 2008USD ($) | Jul. 31, 2006USD ($)plantiff | May. 31, 2001USD ($) | Mar. 31, 2016USD ($) | Mar. 31, 2015USD ($)case | Dec. 31, 2008court | Jun. 30, 2014case | Mar. 31, 2014case | Jul. 31, 2000USD ($) |
Loss Contingencies [Line Items] | |||||||||||||
Payments made related to litigation | $ | $ 17 | $ 5 | |||||||||||
Engle Progeny Cases [Member] | |||||||||||||
Loss Contingencies [Line Items] | |||||||||||||
Punitive damages awarded | $ | $ 145,000 | ||||||||||||
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 [Member] | PM USA [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 | ||||||||||||
Engle Progeny Cases, Federal [Member] | PM USA [Member] | |||||||||||||
Loss Contingencies [Line Items] | |||||||||||||
Amounts placed in escrow | $ | $ 43 | $ 43 | |||||||||||
Number of claims resolved | 415 | 415 | |||||||||||
Pre-tax charges | $ | $ 43 | ||||||||||||
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] | PM USA [Member] | FLORIDA | |||||||||||||
Loss Contingencies [Line Items] | |||||||||||||
Compensatory damages awarded | $ | $ 6.9 | ||||||||||||
Number of individual plaintiffs reinstated | plantiff | 2 | ||||||||||||
Payments made related to litigation | $ | $ 3 | ||||||||||||
Subsequent Event [Member] | Engle Progeny Cases [Member] | PM USA [Member] | |||||||||||||
Loss Contingencies [Line Items] | |||||||||||||
Number of cases pending | 2 | ||||||||||||
Number of verdicts returned | 96 | ||||||||||||
Number of unfavorable verdicts | 53 | ||||||||||||
Number of favorable verdicts | 41 | ||||||||||||
Subsequent Event [Member] | Engle Progeny Cases, Federal [Member] | PM USA [Member] | |||||||||||||
Loss Contingencies [Line Items] | |||||||||||||
Number of cases pending | 21 | ||||||||||||
Number of favorable verdicts | 9 | ||||||||||||
Subsequent Event [Member] | Engle Progeny Cases, State [Member] | |||||||||||||
Loss Contingencies [Line Items] | |||||||||||||
Number of cases pending | 2,860 | ||||||||||||
Number of plaintiffs | 3,700 | ||||||||||||
Subsequent Event [Member] | Engle Progeny Cases, State [Member] | PM USA [Member] | |||||||||||||
Loss Contingencies [Line Items] | |||||||||||||
Number of favorable verdicts | 32 |
Contingencies (Engle Progeny Ca
Contingencies (Engle Progeny Cases Trial Results - Pending and Concluded) (Details) - USD ($) | 1 Months Ended | 3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Feb. 29, 2016 | Aug. 31, 2015 | Jun. 30, 2015 | Oct. 31, 2012 | Aug. 31, 2012 | Mar. 31, 2016 | Sep. 30, 2015 | Jun. 30, 2015 | Mar. 31, 2015 | Dec. 31, 2014 | Mar. 31, 2013 | Apr. 30, 2016 | Apr. 01, 2016 | Jan. 31, 2016 | Dec. 31, 2015 | Nov. 30, 2015 | Nov. 17, 2015 | Oct. 31, 2015 | Aug. 30, 2015 | Jul. 31, 2015 | May. 31, 2015 | Feb. 28, 2015 | Jan. 31, 2015 | Nov. 30, 2014 | Oct. 31, 2014 | Sep. 30, 2014 | Jul. 31, 2014 | Jun. 30, 2014 | May. 31, 2014 | Apr. 30, 2014 | Mar. 31, 2014 | Feb. 28, 2014 | Jan. 31, 2014 | Dec. 31, 2013 | Oct. 31, 2013 | Sep. 30, 2013 | Aug. 31, 2013 | Jun. 30, 2013 | May. 31, 2013 | Apr. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | May. 31, 2012 | Apr. 30, 2012 | Jan. 31, 2012 | Dec. 31, 2011 | Nov. 30, 2010 | Oct. 31, 2010 | Aug. 31, 2010 | Jul. 31, 2010 | Apr. 30, 2010 | Mar. 31, 2010 | Nov. 30, 2009 | Jul. 31, 2009 | Feb. 28, 2009 | Jul. 31, 2000 | |
Loss Contingencies [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Payments made related to litigation | $ 17,000,000 | $ 5,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Engle Progeny Cases [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive damages awarded | $ 145,000,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Engle Progeny Cases [Member] | PM USA [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive damages awarded | $ 74,000,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Engle Progeny Cases, Purdo [Member] | Pending Litigation [Member] | Subsequent Event [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages awarded | $ 21,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Engle Progeny Cases, Purdo [Member] | Pending Litigation [Member] | PM USA [Member] | Subsequent Event [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages awarded | $ 2,520,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages award, allocation percentage | 12.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive damages awarded | $ 6,250,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Engle Progeny Cases, McCall [Member] | Pending Litigation [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages awarded | 350,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Engle Progeny Cases, McCall [Member] | Pending Litigation [Member] | PM USA [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages awarded | $ 87,500 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages award, allocation percentage | 25.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Engle Progeny Cases, Ahrens [Member] | Pending Litigation [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages awarded | $ 9,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Engle Progeny Cases, Ahrens [Member] | Pending Litigation [Member] | Subsequent Event [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Appeal bond posted | $ 2,500,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Engle Progeny Cases, Ahrens [Member] | Pending Litigation [Member] | PM USA [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages award, allocation percentage | 24.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive damages awarded | $ 2,500,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Engle Progeny Cases, Ledoux [Member] | Pending Litigation [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages awarded | $ 10,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive damages awarded | $ 12,500,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Appeal bond posted | $ 2,500,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Engle Progeny Cases, Ledoux [Member] | Pending Litigation [Member] | PM USA [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages award, allocation percentage | 47.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Engle Progeny Cases, Barbose [Member] | Pending Litigation [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages awarded | $ 10,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive damages awarded | $ 500,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Appeal bond posted | 2,500,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Engle Progeny Cases, Barbose [Member] | Pending Litigation [Member] | PM USA [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages award, allocation percentage | 42.50% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Engle Progeny Cases, Tognoli [Member] | Pending Litigation [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages awarded | $ 1,050,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Engle Progeny Cases, Tognoli [Member] | Pending Litigation [Member] | PM USA [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages award, allocation percentage | 15.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive damages awarded | $ 157,500 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Engle Progeny Cases, Danielson [Member] | Pending Litigation [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages awarded | 325,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive damages awarded | $ 325,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Economic damages sought | $ 2,300,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Engle Progeny Cases, Danielson [Member] | Pending Litigation [Member] | PM USA [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages award, allocation percentage | 49.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Engle Progeny Cases, Marchese [Member] | Pending Litigation [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages awarded | $ 1,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive damages awarded | 250,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Engle Progeny Cases, Marchese [Member] | Pending Litigation [Member] | PM USA [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages awarded | $ 225,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages award, allocation percentage | 22.50% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Engle Progeny Cases, Duignan [Member] | Pending Litigation [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages awarded | $ 6,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Appeal bond posted | $ 2,700,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Engle Progeny Cases, Duignan [Member] | Pending Litigation [Member] | PM USA [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages award, allocation percentage | 37.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive damages awarded | $ 3,500,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Engle Progeny Cases, Cooper [Member] | Pending Litigation [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages awarded | 4,500,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Engle Progeny Cases, Cooper [Member] | Pending Litigation [Member] | PM USA [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages awarded | 300,000 | $ 450,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages award, allocation percentage | 10.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Appeal bond posted | 300,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Engle Progeny Cases, Jordan [Member] | Pending Litigation [Member] | PM 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 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Engle Progeny Cases, Merino [Member] | Pending Litigation [Member] | PM 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 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Engle Progeny Cases, McCoy [Member] | Pending Litigation [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages awarded | 1,500,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Engle Progeny Cases, McCoy [Member] | Pending Litigation [Member] | PM USA [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages awarded | $ 300,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages award, allocation percentage | 20.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive damages awarded | $ 3,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Appeal bond posted | $ 1,650,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Engle Progeny Cases, M. Brown [Member] | Pending Litigation [Member] | PM USA [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages awarded | $ 6,375,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Appeal bond posted | $ 5,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Engle Progeny Cases, Gore [Member] | Pending Litigation [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages awarded | 2,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Engle Progeny Cases, Gore [Member] | Pending Litigation [Member] | PM USA [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages awarded | $ 460,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages award, allocation percentage | 23.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Appeal bond posted | $ 460,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Engle Progeny Cases, Pollari [Member] | Pending Litigation [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages awarded | $ 10,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Engle Progeny Cases, Pollari [Member] | Pending Litigation [Member] | PM 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 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Appeal bond posted | 2,500,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Engle Progeny Cases, Zamboni [Member] | Pending Litigation [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages awarded | $ 340,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Engle Progeny Cases, Zamboni [Member] | Pending Litigation [Member] | PM USA [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages awarded | $ 34,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages award, allocation percentage | 10.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Engle Progeny Cases, Caprio [Member] | Pending Litigation [Member] | PM USA [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages award, allocation percentage | 25.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Economic damages awarded | $ 559,172 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Engle Progeny Cases, McKeever [Member] | Pending Litigation [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive damages awarded | 11,630,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Engle Progeny Cases, McKeever [Member] | Pending Litigation [Member] | PM 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 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Engle Progeny Cases, D. Brown [Member] | Pending Litigation [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive damages awarded | $ 9,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Engle Progeny Cases, D. Brown [Member] | Pending Litigation [Member] | PM USA [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages awarded | $ 8,300,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages award, allocation percentage | 55.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Engle Progeny Cases, Allen [Member] | Pending Litigation [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages awarded | $ 3,100,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Engle Progeny Cases, Allen [Member] | Pending Litigation [Member] | PM 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 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Engle Progeny Cases, Perrotto [Member] | Pending Litigation [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages awarded | 4,100,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Engle Progeny Cases, Perrotto [Member] | Pending Litigation [Member] | PM USA [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages awarded | $ 1,020,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages award, allocation percentage | 25.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Engle Progeny Cases, Boatright [Member] | Pending Litigation [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages awarded | $ 15,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive damages awarded against co-defendant | 300,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Engle Progeny Cases, Boatright [Member] | Pending Litigation [Member] | PM 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 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Engle Progeny Cases, Kerrivan [Member] | Pending Litigation [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages awarded | $ 15,800,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive damages awarded | $ 25,300,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Engle Progeny Cases, Kerrivan [Member] | Pending Litigation [Member] | PM USA [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages award, allocation percentage | 50.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive damages awarded | $ 15,700,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Engle Progeny Cases, Lourie [Member] | Pending Litigation [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages awarded | 1,370,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Engle Progeny Cases, Lourie [Member] | Pending Litigation [Member] | PM USA [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages awarded | $ 370,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages award, allocation percentage | 27.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Appeal bond posted | $ 370,318 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Engle Progeny Cases, Berger [Member] | Pending Litigation [Member] | PM 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 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Engle Progeny Cases, Harris [Member] | Pending Litigation [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages awarded | $ 1,730,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Engle Progeny Cases, Harris [Member] | Pending Litigation [Member] | PM USA [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages award, allocation percentage | 15.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Engle Progeny Cases, Griffin [Member] | Pending Litigation [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages awarded | $ 1,270,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Engle Progeny Cases, Griffin [Member] | Pending Litigation [Member] | PM USA [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages awarded | $ 630,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages award, allocation percentage | 50.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Appeal bond posted | $ 640,543 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Engle Progeny Cases, Burkhart [Member] | Pending Litigation [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages awarded | $ 5,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive damages awarded | $ 2,500,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Engle Progeny Cases, Burkhart [Member] | Pending Litigation [Member] | PM USA [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages award, allocation percentage | 15.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive damages awarded | $ 750,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Engle Progeny Cases, Bowden [Member] | Pending Litigation [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages awarded | $ 5,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Engle Progeny Cases, Bowden [Member] | Pending Litigation [Member] | PM 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 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Provision related to litigation recorded | 1,600,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Engle Progeny Cases, Skolnick [Member] | Pending Litigation [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages awarded | $ 2,555,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Engle Progeny Cases, Skolnick [Member] | Pending Litigation [Member] | PM USA [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages awarded | $ 766,500 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages award, allocation percentage | 30.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Appeal bond posted | $ 766,500 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Engle Progeny Cases, Starr-Blundell [Member] | Pending Litigation [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages awarded | $ 500,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Engle Progeny Cases, Starr-Blundell [Member] | Pending Litigation [Member] | PM USA [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages awarded | $ 50,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages award, allocation percentage | 10.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Provision related to litigation recorded | 55,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Engle Progeny Cases, Graham [Member] | Pending Litigation [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages awarded | $ 2,750,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Engle Progeny Cases, Graham [Member] | Pending Litigation [Member] | PM USA [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages awarded | $ 275,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages award, allocation percentage | 10.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Appeal bond posted | $ 277,750 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Engle Progeny Cases, Searcy [Member] | Pending Litigation [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages awarded | $ 1,000,000 | $ 6,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Engle Progeny Cases, Searcy [Member] | Pending Litigation [Member] | PM USA [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages award, allocation percentage | 30.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive damages awarded | 1,670,000 | $ 10,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Appeal bond posted | $ 2,200,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Engle Progeny Cases, Buchanan [Member] | Pending Litigation [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages awarded | $ 5,500,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Engle Progeny Cases, Buchanan [Member] | Pending Litigation [Member] | PM USA [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages award, allocation percentage | 37.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Appeal bond posted | 5,500,000 | $ 2,500,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Provision related to litigation recorded | 4,100,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Engle Progeny Cases, Hancock [Member] | Pending Litigation [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages awarded | $ 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Damages awarded, value | $ 110,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Engle Progeny Cases, Hancock [Member] | Pending Litigation [Member] | PM USA [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages award, allocation percentage | 5.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Economic damages awarded | $ 700 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Damages sought, value | $ 20,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Engle Progeny Cases, Calloway [Member] | Pending Litigation [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages awarded | $ 21,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Engle Progeny Cases, Calloway [Member] | Pending Litigation [Member] | PM USA [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages awarded | $ 16,100,000 | 4,025,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages award, allocation percentage | 25.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive damages awarded | $ 17,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Appeal bond posted | $ 1,500,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Engle Progeny Cases, Calloway [Member] | Pending Litigation [Member] | R.J. Reynolds [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive damages awarded against co-defendant | 17,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Engle Progeny Cases, Calloway [Member] | Pending Litigation [Member] | Lorillard [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive damages awarded against co-defendant | 13,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Engle Progeny Cases, Calloway [Member] | Pending Litigation [Member] | Liggett Group [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive damages awarded against co-defendant | 8,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Engle Progeny Cases, Hallgren [Member] | Pending Litigation [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages awarded | $ 2,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Engle Progeny Cases, Hallgren [Member] | Pending Litigation [Member] | PM 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 | 500,000 | $ 1,250,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Provision related to litigation recorded | $ 2,200,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Engle Progeny Cases, Kayton (Formerly Tate) [Member] | Pending Litigation [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages awarded | $ 8,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Engle Progeny Cases, Kayton (Formerly Tate) [Member] | Pending Litigation [Member] | PM 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 | 15,000,000 | $ 5,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Provision related to litigation recorded | 28,200,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Engle Progeny Cases, Putney [Member] | Pending Litigation [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages awarded | $ 15,100,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Engle Progeny Cases, Putney [Member] | Pending Litigation [Member] | PM 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 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Engle Progeny Cases, R. Cohen [Member] | Pending Litigation [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages awarded | $ 10,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive damages awarded | 20,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Engle Progeny Cases, R. Cohen [Member] | Pending Litigation [Member] | PM 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 | $ 7,500,000 | $ 2,500,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Provision related to litigation recorded | 17,900,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Engle Progeny Cases, Naugle [Member] | Pending Litigation [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 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Engle Progeny Cases, Naugle [Member] | Pending Litigation [Member] | PM USA [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages award, allocation percentage | 90.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Appeal bond posted | $ 5,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Engle Progeny Cases, Hess [Member] | Settled Litigation [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages awarded | $ 3,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive damages awarded | 5,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Engle Progeny Cases, Hess [Member] | Settled Litigation [Member] | PM 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 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Payments made related to litigation | 10,600,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Engle Progeny Cases, Greene (Formerly Rizzuto [Member] | Settled Litigation [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages awarded | 11,100,000 | $ 12,550,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Economic damages awarded | $ 1,100,000 | $ 2,550,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Engle Progeny Cases, Greene (Formerly Rizzuto [Member] | Settled Litigation [Member] | PM 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 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Payments made related to litigation | $ 6,800,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Engle Progeny Cases, Goveia [Member] | Settled Litigation [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages awarded | $ 850,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Punitive damages awarded | $ 2,250,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Engle Progeny Cases, Goveia [Member] | Settled Litigation [Member] | PM 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 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Engle Progeny Cases, Ruffo [Member] | Settled Litigation [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages awarded | $ 1,500,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Engle Progeny Cases, Ruffo [Member] | Settled Litigation [Member] | PM 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 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Engle Progeny Cases, Cuculino [Member] | Settled Litigation [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensatory damages awarded | $ 12,500,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Engle Progeny Cases, Cuculino [Member] | Settled Litigation [Member] | PM 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 |
Contingencies (Other Smoking an
Contingencies (Other Smoking and Health Class Actions Narrative) (Details) - Smoking And Health Class Actions And Aggregated Claims Litigation [Member] - case | 239 Months Ended | |||
Mar. 31, 2016 | Apr. 25, 2016 | Apr. 20, 2015 | Apr. 21, 2014 | |
Loss Contingencies [Line Items] | ||||
Number of cases pending | 5 | 6 | ||
Subsequent Event [Member] | ||||
Loss Contingencies [Line Items] | ||||
Number of cases pending | 5 | |||
PM USA [Member] | ||||
Loss Contingencies [Line Items] | ||||
Number of claims dismissed | 60 | |||
ARKANSAS | PM USA [Member] | ||||
Loss Contingencies [Line Items] | ||||
Number of claims dismissed | 1 | |||
CALIFORNIA | PM USA [Member] | ||||
Loss Contingencies [Line Items] | ||||
Number of claims dismissed | 1 | |||
DISTRICT OF COLUMBIA | PM USA [Member] | ||||
Loss Contingencies [Line Items] | ||||
Number of claims dismissed | 2 | |||
FLORIDA | PM USA [Member] | ||||
Loss Contingencies [Line Items] | ||||
Number of claims dismissed | 2 | |||
ILLINOIS | PM USA [Member] | ||||
Loss Contingencies [Line Items] | ||||
Number of claims dismissed | 3 | |||
IOWA | PM USA [Member] | ||||
Loss Contingencies [Line Items] | ||||
Number of claims dismissed | 1 | |||
KANSAS | PM USA [Member] | ||||
Loss Contingencies [Line Items] | ||||
Number of claims dismissed | 1 | |||
LOUISIANA | PM USA [Member] | ||||
Loss Contingencies [Line Items] | ||||
Number of claims dismissed | 1 | |||
MARYLAND | PM USA [Member] | ||||
Loss Contingencies [Line Items] | ||||
Number of claims dismissed | 1 | |||
MICHIGAN | PM USA [Member] | ||||
Loss Contingencies [Line Items] | ||||
Number of claims dismissed | 1 | |||
MINNESOTA | PM USA [Member] | ||||
Loss Contingencies [Line Items] | ||||
Number of claims dismissed | 1 | |||
NEVADA | PM USA [Member] | ||||
Loss Contingencies [Line Items] | ||||
Number of claims dismissed | 29 | |||
NEW JERSEY | PM USA [Member] | ||||
Loss Contingencies [Line Items] | ||||
Number of claims dismissed | 6 | |||
NEW YORK | PM USA [Member] | ||||
Loss Contingencies [Line Items] | ||||
Number of claims dismissed | 2 | |||
OHIO | PM USA [Member] | ||||
Loss Contingencies [Line Items] | ||||
Number of claims dismissed | 1 | |||
OKLAHOMA | PM USA [Member] | ||||
Loss Contingencies [Line Items] | ||||
Number of claims dismissed | 1 | |||
OREGON | PM USA [Member] | ||||
Loss Contingencies [Line Items] | ||||
Number of claims dismissed | 1 | |||
PENNSYLVANIA | PM USA [Member] | ||||
Loss Contingencies [Line Items] | ||||
Number of claims dismissed | 1 | |||
PUERTO RICO | PM USA [Member] | ||||
Loss Contingencies [Line Items] | ||||
Number of claims dismissed | 1 | |||
SOUTH CAROLINA | PM USA [Member] | ||||
Loss Contingencies [Line Items] | ||||
Number of claims dismissed | 1 | |||
TEXAS | PM USA [Member] | ||||
Loss Contingencies [Line Items] | ||||
Number of claims dismissed | 1 | |||
WISCONSIN | PM 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 | |||
BRITISH COLUMBIA | Philip Morris USA and Altria Group [Member] | Subsequent Event [Member] | ||||
Loss Contingencies [Line Items] | ||||
Number of cases pending | 2 |
Contingencies (Medical Monitori
Contingencies (Medical Monitoring Class Actions Narrative) (Details) - PM USA [Member] $ in Millions | 1 Months Ended | |
Dec. 31, 2006USD ($) | Mar. 31, 2016case | |
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 | |||
Nov. 30, 1998USD ($)state | Mar. 31, 2016USD ($)case | Mar. 31, 2015USD ($) | Apr. 20, 2015case | Apr. 21, 2014case | |
Health Care Cost Recovery Actions [Member] | |||||
Loss Contingencies [Line Items] | |||||
Number of cases pending | case | 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 | ||||
Litigation settlement, amount | $ | $ 18,000,000 | ||||
Cost of Sales [Member] | Health Care Cost Recovery Actions [Member] | |||||
Loss Contingencies [Line Items] | |||||
Litigation settlement, amount | $ | (1,200,000,000) | $ (1,100,000,000) | |||
Cost of Sales [Member] | Health Care Cost Recovery Actions, 2004-2014 NPM Adjustment [Member] | |||||
Loss Contingencies [Line Items] | |||||
Litigation settlement, amount | $ | $ (12,000,000) | ||||
NEW YORK | Health Care Cost Recovery Actions, Medicare as Secondary Payer Case [Member] | |||||
Loss Contingencies [Line Items] | |||||
Number of claims dismissed | case | 2 | ||||
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 | Threatened Litigation [Member] | Health Care Cost Recovery Actions [Member] | |||||
Loss Contingencies [Line Items] | |||||
Number of cases pending | case | 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 | 36 Months Ended | ||||
Sep. 30, 2013state | Nov. 30, 1998state | Mar. 31, 2016USD ($)stateplantiff | Sep. 30, 2015USD ($) | Mar. 31, 2015USD ($) | Sep. 30, 2013USD ($) | Dec. 31, 2015USD ($) | |
Health Care Cost Recovery Actions [Member] | |||||||
Loss Contingencies [Line Items] | |||||||
Number of states with settled litigation | state | 46 | ||||||
Litigation settlement, amount | $ 18 | ||||||
Health Care Cost Recovery Actions [Member] | Cost of Sales [Member] | |||||||
Loss Contingencies [Line Items] | |||||||
Litigation settlement, amount | (1,200) | $ (1,100) | |||||
Health Care Cost Recovery Actions, 2004-2014 NPM Adjustment [Member] | Cost of Sales [Member] | |||||||
Loss Contingencies [Line Items] | |||||||
Litigation settlement, amount | $ (12) | ||||||
PM USA [Member] | Health Care Cost Recovery Actions [Member] | |||||||
Loss Contingencies [Line Items] | |||||||
Loss contingency, number of states | plantiff | 52 | ||||||
PM USA [Member] | Health Care Cost Recovery Actions [Member] | Settled Litigation [Member] | |||||||
Loss Contingencies [Line Items] | |||||||
Number of states with settled litigation | plantiff | 24 | ||||||
Litigation settlement, amount | $ 599 | ||||||
Number of motions denied without appeal | state | 1 | ||||||
PM USA [Member] | Health Care Cost Recovery Actions [Member] | Pending Litigation [Member] | |||||||
Loss Contingencies [Line Items] | |||||||
Number of states with filed motion | state | 14 | ||||||
PM USA [Member] | Health Care Cost Recovery Actions, 2003 NPM Adjustment [Member] | Pending Litigation [Member] | |||||||
Loss Contingencies [Line Items] | |||||||
Loss contingency, number of states | state | 15 | ||||||
Litigation settlement, amount | $ 145 | ||||||
PM USA [Member] | Health Care Cost Recovery Actions, 2003 NPM Adjustment [Member] | Pending Litigation [Member] | Cost of Sales [Member] | |||||||
Loss Contingencies [Line Items] | |||||||
Litigation settlement, amount | $ 145 | ||||||
PM USA [Member] | Health Care Cost Recovery Actions, 2004-2014 NPM Adjustment [Member] | Settled Litigation [Member] | NEW YORK | Cost of Sales [Member] | |||||||
Loss Contingencies [Line Items] | |||||||
Litigation settlement, amount | $ 126 | ||||||
PM USA [Member] | Health Care Cost Recovery Actions, 2004-2014 NPM Adjustment [Member] | Pending Litigation [Member] | NEW YORK | |||||||
Loss Contingencies [Line Items] | |||||||
Litigation settlement, amount | $ 126 | ||||||
PM USA [Member] | Health Care Cost Recovery Actions, 2013 NPM Adjustment [Member] | Settled Litigation [Member] | Cost of Sales [Member] | |||||||
Loss Contingencies [Line Items] | |||||||
Litigation settlement, amount | $ 38 | ||||||
PM USA [Member] | Health Care Cost Recovery Actions, 2014 NPM Adjustment [Member] | Settled Litigation [Member] | Cost of Sales [Member] | |||||||
Loss Contingencies [Line Items] | |||||||
Litigation settlement, amount | $ 41 |
Contingencies (2003-2014 NPM 62
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 | 36 Months Ended | |||||||||||||
Dec. 31, 2015USD ($) | Jun. 30, 2015state | Apr. 30, 2014USD ($)state | Sep. 30, 2013USD ($)state | Nov. 30, 1998state | Mar. 31, 2016USD ($)caseplantiff | Dec. 31, 2015USD ($) | Mar. 31, 2015USD ($) | Dec. 31, 2014USD ($) | Jun. 30, 2014state | Mar. 31, 2014USD ($) | Sep. 30, 2013USD ($) | Jun. 30, 2013USD ($) | Dec. 31, 2015USD ($) | Feb. 29, 2016USD ($) | May. 31, 2014USD ($) | |
Loss Contingencies [Line Items] | ||||||||||||||||
Earnings (loss) before income taxes | $ 1,883 | $ 1,562 | ||||||||||||||
Health Care Cost Recovery Actions [Member] | ||||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||||
Litigation settlement, amount | 18 | |||||||||||||||
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 | $ (1,200) | $ (1,100) | ||||||||||||||
Health Care Cost Recovery Actions [Member] | PM USA [Member] | ||||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||||
Loss contingency, number of states | plantiff | 52 | |||||||||||||||
Health Care Cost Recovery Actions [Member] | PM USA [Member] | Settled Litigation [Member] | ||||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||||
Litigation settlement, amount | $ 599 | |||||||||||||||
Number of states with settled litigation | plantiff | 24 | |||||||||||||||
Earnings (loss) before income taxes | $ 36 | |||||||||||||||
Health Care Cost Recovery Actions, 2003 NPM Adjustment [Member] | PM 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 | |||||||||||||||
Estimate of possible gain, not recorded | $ 25 | |||||||||||||||
Litigation settlement interest expense (income) | $ (64) | |||||||||||||||
Health Care Cost Recovery Actions, 2003 NPM Adjustment [Member] | PM USA [Member] | Indiana and Kentucky [Member] | Settled Litigation [Member] | ||||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||||
Number of states with settled litigation | state | 2 | |||||||||||||||
Litigation settlement interest expense (income) | (17) | |||||||||||||||
Health Care Cost Recovery Actions, 2003 NPM Adjustment [Member] | PM USA [Member] | Maryland, Missouri, New Mexico and Pennsylvania [Member] | Pending Litigation [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) | $ (66) | $ (47) | |||||||||||||
Health Care Cost Recovery Actions, 2003 NPM Adjustment [Member] | PM USA [Member] | PENNSYLVANIA | Settled Litigation [Member] | ||||||||||||||||
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] | PM USA [Member] | MISSOURI | Pending Litigation [Member] | ||||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||||
Estimate of possible interest income | (18) | |||||||||||||||
Amount of possible interest loss | 7 | |||||||||||||||
Amount of possible loss | 12 | |||||||||||||||
Appeal bond posted | $ 22 | |||||||||||||||
Health Care Cost Recovery Actions, 2003 NPM Adjustment [Member] | PM USA [Member] | Cost of Sales [Member] | Pending Litigation [Member] | ||||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||||
Litigation settlement, amount | 145 | |||||||||||||||
Health Care Cost Recovery Actions, 2003 NPM Adjustment [Member] | PM USA [Member] | Cost of Sales [Member] | Indiana and Kentucky [Member] | Settled Litigation [Member] | ||||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||||
Litigation settlement, amount | $ 37 | |||||||||||||||
Health Care Cost Recovery Actions, 2003 NPM Adjustment [Member] | PM USA [Member] | Cost of Sales [Member] | Maryland, Missouri, New Mexico and Pennsylvania [Member] | Pending Litigation [Member] | ||||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||||
Litigation settlement, amount | $ 79 | $ 108 | ||||||||||||||
Health Care Cost Recovery Actions, 2003 NPM Adjustment [Member] | PM USA [Member] | Cost of Sales [Member] | PENNSYLVANIA | Pending Litigation [Member] | ||||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||||
Litigation settlement, amount | $ 29 | |||||||||||||||
Health Care Cost Recovery Actions, 2004-2015 NPM Adjustment [Member] | ||||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||||
Amount of possible interest loss | $ 7 | |||||||||||||||
Health Care Cost Recovery Actions, 2004-2015 NPM Adjustment [Member] | Cost of Sales [Member] | ||||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||||
Litigation settlement, amount | (12) | |||||||||||||||
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] | PM 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 | 210 | |||||||||||||||
Health Care Cost Recovery Actions, 2013 NPM Adjustment [Member] | ||||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||||
Estimate of possible gain | 218 | |||||||||||||||
Health Care Cost Recovery Actions, 2013 NPM Adjustment [Member] | PM USA [Member] | Cost of Sales [Member] | Settled Litigation [Member] | ||||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||||
Litigation settlement, amount | 38 | |||||||||||||||
Health Care Cost Recovery Actions, 2014 NPM Adjustment [Member] | ||||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||||
Estimate of possible gain | 241 | |||||||||||||||
Health Care Cost Recovery Actions, 2014 NPM Adjustment [Member] | PM USA [Member] | Cost of Sales [Member] | Settled Litigation [Member] | ||||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||||
Litigation settlement, amount | 41 | |||||||||||||||
Health Care Cost Recovery Actions, 2015 NPM Adjustments [Member] | ||||||||||||||||
Loss Contingencies [Line Items] | ||||||||||||||||
Estimate of possible gain | $ 289 | |||||||||||||||
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 | Mar. 31, 2016 | Mar. 31, 2015 | Jun. 30, 2014 | Dec. 31, 1999 | |
Loss Contingencies [Line Items] | |||||
Loss contingency, amount of district court deposit | $ 17 | $ 5 | |||
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] | PM 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] | Federal Governments Lawsuit [Member] | |||||
Loss Contingencies [Line Items] | |||||
Provision related to litigation recorded | $ 31 | ||||
Implementation of Corrective Communications [Member] | Federal Governments Lawsuit [Member] | PM 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 | 3 Months Ended | 12 Months Ended | 89 Months Ended | ||||||||
Mar. 31, 2016USD ($) | Feb. 29, 2016USD ($) | Apr. 30, 2014USD ($) | Feb. 28, 2014USD ($)$ / plantiff | Nov. 30, 2010casejurisdiction | Mar. 31, 2016USD ($) | Dec. 31, 2011case | Apr. 25, 2016casestate | Apr. 20, 2015case | Apr. 21, 2014case | Apr. 30, 2012case | Mar. 31, 2003USD ($) | |
Lights [Member] | Subsequent Event [Member] | ||||||||||||
Loss Contingencies [Line Items] | ||||||||||||
Claims not certified, number | 21 | |||||||||||
Lights [Member] | PM USA [Member] | ||||||||||||
Loss Contingencies [Line Items] | ||||||||||||
Claims not certified, number | 4 | 4 | ||||||||||
Number of jurisdictions selected by plaintiffs | 2 | |||||||||||
Number of jurisdictions selected by defendants | jurisdiction | 2 | |||||||||||
Number of claims dismissed | 13 | |||||||||||
Lights [Member] | PM USA [Member] | Subsequent Event [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 | 20 | |||||||||||
Lights Ultra Lights Class Actions [Member] | ||||||||||||
Loss Contingencies [Line Items] | ||||||||||||
Number of cases pending | 12 | 15 | ||||||||||
Lights Ultra Lights Class Actions [Member] | Subsequent Event [Member] | ||||||||||||
Loss Contingencies [Line Items] | ||||||||||||
Number of cases pending | 11 | |||||||||||
Lights Ultra Lights Class Actions, Aspinall [Member] | ||||||||||||
Loss Contingencies [Line Items] | ||||||||||||
Litigation settlement, amount | $ | $ 4,900,000 | |||||||||||
Lights Ultra Lights Class Actions, Aspinall [Member] | PM USA [Member] | ||||||||||||
Loss Contingencies [Line Items] | ||||||||||||
Damages sought per class member | $ / plantiff | 25 | |||||||||||
Provision related to litigation recorded | $ | $ 32,000,000 | |||||||||||
Lights Ultra Lights Class Actions, Brown [Member] | PM USA [Member] | ||||||||||||
Loss Contingencies [Line Items] | ||||||||||||
Litigation settlement, amount | $ | $ 600,000 | $ 764,553 | ||||||||||
Lights Ultra Lights Class Actions, Price [Member] | PM 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 |
Contingencies (Certain Other To
Contingencies (Certain Other Tobacco-Related Litigation, Guarantees and Other Similar Matters) (Details) $ in Millions | 1 Months Ended | 3 Months Ended | ||
Apr. 30, 2016casepatent | Mar. 31, 2016USD ($)caseplantiffdefendant | Sep. 30, 2015USD ($) | Dec. 31, 2015USD ($) | |
Loss Contingencies [Line Items] | ||||
Contingent liability related to performance surety bonds | $ | $ 22 | |||
Redeemable noncontrolling interest | $ | 37 | $ 37 | ||
Letter of Credit [Member] | ||||
Loss Contingencies [Line Items] | ||||
Credit line available under the agreement | $ | $ 62 | |||
Revolving Credit Facility [Member] | Credit Agreement [Member] | ||||
Loss Contingencies [Line Items] | ||||
Credit line available under the agreement | $ | $ 3,000 | |||
Debt instrument, term | 5 years | |||
Argentine Growers Case [Member] | ||||
Loss Contingencies [Line Items] | ||||
Number of defendants | defendant | 3 | |||
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 | |||
PM USA [Member] | Argentine Growers Case [Member] | ||||
Loss Contingencies [Line Items] | ||||
Number of cases pending | case | 6 | |||
PM USA [Member] | Argentine Growers Case [Member] | Pending Litigation [Member] | ||||
Loss Contingencies [Line Items] | ||||
Number of cases pending | case | 5 | |||
Subsequent Event [Member] | Nu Mark Patent Litigation [Member] | ||||
Loss Contingencies [Line Items] | ||||
Number of cases pending | case | 1 | |||
Patents allegedly infringed upon | patent | 8 |
Condensed Consolidating Finan66
Condensed Consolidating Financial Information (Condensed Consolidating Balance Sheets) (Details) - USD ($) $ in Millions | Mar. 31, 2016 | Dec. 31, 2015 | Mar. 31, 2015 | Dec. 31, 2014 |
Assets [Abstract] | ||||
Cash and cash equivalents | $ 3,815 | $ 2,369 | $ 3,674 | $ 3,321 |
Receivables | 104 | 124 | ||
Inventories: | ||||
Leaf tobacco | 994 | 957 | ||
Other raw materials | 178 | 181 | ||
Work in process | 436 | 444 | ||
Finished product | 500 | 449 | ||
Inventory, net | 2,108 | 2,031 | ||
Due from Altria Group, Inc. and subsidiaries | 0 | 0 | ||
Deferred income taxes | 1,175 | 1,175 | ||
Other current assets | 296 | 387 | ||
Total current assets | 7,498 | 6,086 | ||
Property, plant and equipment, at cost | 4,849 | 4,877 | ||
Less accumulated depreciation | 2,894 | 2,895 | ||
Property, plant and equipment, net | 1,955 | 1,982 | ||
Goodwill | 5,285 | 5,285 | ||
Other intangible assets, net | 12,023 | 12,028 | ||
Investment in SABMiller | 5,743 | 5,483 | ||
Investment in consolidated subsidiaries | 0 | 0 | ||
Finance assets, net | 1,165 | 1,239 | ||
Due from Altria Group, Inc. and subsidiaries | 0 | 0 | ||
Other assets | 394 | 360 | ||
Total Assets | 34,063 | 32,463 | ||
Liabilities [Abstract] | ||||
Current portion of long-term debt | 4 | 4 | ||
Accounts payable | 208 | 400 | ||
Accrued liabilities: | ||||
Marketing | 687 | 695 | ||
Employment costs | 137 | 198 | ||
Settlement charges | 4,760 | 3,590 | ||
Other | 1,121 | 1,081 | ||
Income taxes | 590 | 0 | ||
Dividends payable | 1,109 | 1,110 | ||
Due to Altria Group, Inc. and subsidiaries | 0 | 0 | ||
Total current liabilities | 8,616 | 7,078 | ||
Long-term debt | 12,846 | 12,843 | ||
Deferred income taxes | 5,606 | 5,663 | ||
Accrued pension costs | 1,479 | 1,277 | ||
Accrued postretirement health care costs | 2,314 | 2,245 | ||
Due to Altria Group, Inc. and subsidiaries | 0 | 0 | ||
Other liabilities | 417 | 447 | ||
Total liabilities | $ 31,278 | $ 29,553 | ||
Contingencies | ||||
Redeemable noncontrolling interest | $ 37 | $ 37 | ||
Stockholders' Equity | ||||
Common stock | 935 | 935 | ||
Additional paid-in capital | 5,818 | 5,813 | ||
Earnings reinvested in the business | 27,367 | 27,257 | ||
Accumulated other comprehensive losses | (3,327) | (3,280) | (2,945) | (2,682) |
Cost of repurchased stock | (28,048) | (27,845) | ||
Total stockholders' equity attributable to Altria Group, Inc. | 2,745 | 2,880 | ||
Noncontrolling interests | 3 | (7) | ||
Total stockholders' equity | 2,748 | 2,873 | 3,010 | |
Total Liabilities and Stockholders' Equity | 34,063 | 32,463 | ||
Reportable Legal Entities [Member] | Altria Group, Inc. [Member] | ||||
Assets [Abstract] | ||||
Cash and cash equivalents | 3,749 | 2,313 | 3,639 | 3,281 |
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 | 16 | 0 | ||
Deferred income taxes | 0 | 0 | ||
Other current assets | 301 | 284 | ||
Total current assets | 4,066 | 2,597 | ||
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 | 5,743 | 5,483 | ||
Investment in consolidated subsidiaries | 11,131 | 11,648 | ||
Finance assets, net | 0 | 0 | ||
Due from Altria Group, Inc. and subsidiaries | 4,790 | 4,790 | ||
Other assets | 19 | 20 | ||
Total Assets | 25,749 | 24,538 | ||
Liabilities [Abstract] | ||||
Current portion of long-term debt | 0 | 0 | ||
Accounts payable | 0 | 3 | ||
Accrued liabilities: | ||||
Marketing | 0 | 0 | ||
Employment costs | 66 | 18 | ||
Settlement charges | 0 | 0 | ||
Other | 323 | 354 | ||
Income taxes | 0 | |||
Dividends payable | 1,109 | 1,110 | ||
Due to Altria Group, Inc. and subsidiaries | 6,720 | 5,427 | ||
Total current liabilities | 8,218 | 6,912 | ||
Long-term debt | 12,834 | 12,831 | ||
Deferred income taxes | 1,638 | 1,547 | ||
Accrued pension costs | 204 | 215 | ||
Accrued postretirement health care costs | 0 | 0 | ||
Due to Altria Group, Inc. and subsidiaries | 0 | 0 | ||
Other liabilities | 110 | 153 | ||
Total liabilities | $ 23,004 | $ 21,658 | ||
Contingencies | ||||
Redeemable noncontrolling interest | $ 0 | $ 0 | ||
Stockholders' Equity | ||||
Common stock | 935 | 935 | ||
Additional paid-in capital | 5,818 | 5,813 | ||
Earnings reinvested in the business | 27,367 | 27,257 | ||
Accumulated other comprehensive losses | (3,327) | (3,280) | ||
Cost of repurchased stock | (28,048) | (27,845) | ||
Total stockholders' equity attributable to Altria Group, Inc. | 2,745 | 2,880 | ||
Noncontrolling interests | 0 | 0 | ||
Total stockholders' equity | 2,745 | 2,880 | ||
Total Liabilities and Stockholders' Equity | 25,749 | 24,538 | ||
Reportable Legal Entities [Member] | PM USA [Member] | ||||
Assets [Abstract] | ||||
Cash and cash equivalents | 0 | 0 | 0 | 3 |
Receivables | 6 | 7 | ||
Inventories: | ||||
Leaf tobacco | 594 | 562 | ||
Other raw materials | 118 | 123 | ||
Work in process | 8 | 5 | ||
Finished product | 157 | 121 | ||
Inventory, net | 877 | 811 | ||
Due from Altria Group, Inc. and subsidiaries | 5,129 | 3,821 | ||
Deferred income taxes | 1,268 | 1,268 | ||
Other current assets | 21 | 65 | ||
Total current assets | 7,301 | 5,972 | ||
Property, plant and equipment, at cost | 3,069 | 3,102 | ||
Less accumulated depreciation | 2,141 | 2,157 | ||
Property, plant and equipment, net | 928 | 945 | ||
Goodwill | 0 | 0 | ||
Other intangible assets, net | 2 | 2 | ||
Investment in SABMiller | 0 | 0 | ||
Investment in consolidated subsidiaries | 2,709 | 2,715 | ||
Finance assets, net | 0 | 0 | ||
Due from Altria Group, Inc. and subsidiaries | 0 | 0 | ||
Other assets | 571 | 536 | ||
Total Assets | 11,511 | 10,170 | ||
Liabilities [Abstract] | ||||
Current portion of long-term debt | 0 | 0 | ||
Accounts payable | 107 | 104 | ||
Accrued liabilities: | ||||
Marketing | 578 | 586 | ||
Employment costs | 5 | 11 | ||
Settlement charges | 4,753 | 3,585 | ||
Other | 569 | 616 | ||
Income taxes | 522 | |||
Dividends payable | 0 | 0 | ||
Due to Altria Group, Inc. and subsidiaries | 220 | 191 | ||
Total current liabilities | 6,754 | 5,093 | ||
Long-term debt | 0 | 0 | ||
Deferred income taxes | 0 | 0 | ||
Accrued pension costs | 0 | 0 | ||
Accrued postretirement health care costs | 1,483 | 1,460 | ||
Due to Altria Group, Inc. and subsidiaries | 0 | 0 | ||
Other liabilities | 130 | 126 | ||
Total liabilities | $ 8,367 | $ 6,679 | ||
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 | 106 | 436 | ||
Accumulated other comprehensive losses | (272) | (255) | ||
Cost of repurchased stock | 0 | 0 | ||
Total stockholders' equity attributable to Altria Group, Inc. | 3,144 | 3,491 | ||
Noncontrolling interests | 0 | 0 | ||
Total stockholders' equity | 3,144 | 3,491 | ||
Total Liabilities and Stockholders' Equity | 11,511 | 10,170 | ||
Reportable Legal Entities [Member] | Non-Guarantor Subsidiaries [Member] | ||||
Assets [Abstract] | ||||
Cash and cash equivalents | 66 | 56 | 35 | 37 |
Receivables | 98 | 117 | ||
Inventories: | ||||
Leaf tobacco | 400 | 395 | ||
Other raw materials | 60 | 58 | ||
Work in process | 428 | 439 | ||
Finished product | 343 | 328 | ||
Inventory, net | 1,231 | 1,220 | ||
Due from Altria Group, Inc. and subsidiaries | 1,820 | 1,807 | ||
Deferred income taxes | 7 | 7 | ||
Other current assets | 80 | 112 | ||
Total current assets | 3,302 | 3,319 | ||
Property, plant and equipment, at cost | 1,780 | 1,775 | ||
Less accumulated depreciation | 753 | 738 | ||
Property, plant and equipment, net | 1,027 | 1,037 | ||
Goodwill | 5,285 | 5,285 | ||
Other intangible assets, net | 12,021 | 12,026 | ||
Investment in SABMiller | 0 | 0 | ||
Investment in consolidated subsidiaries | 0 | 0 | ||
Finance assets, net | 1,165 | 1,239 | ||
Due from Altria Group, Inc. and subsidiaries | 0 | 0 | ||
Other assets | 141 | 131 | ||
Total Assets | 22,941 | 23,037 | ||
Liabilities [Abstract] | ||||
Current portion of long-term debt | 4 | 4 | ||
Accounts payable | 101 | 293 | ||
Accrued liabilities: | ||||
Marketing | 109 | 109 | ||
Employment costs | 66 | 169 | ||
Settlement charges | 7 | 5 | ||
Other | 329 | 285 | ||
Income taxes | 174 | |||
Dividends payable | 0 | 0 | ||
Due to Altria Group, Inc. and subsidiaries | 25 | 10 | ||
Total current liabilities | 815 | 875 | ||
Long-term debt | 12 | 12 | ||
Deferred income taxes | 4,305 | 4,443 | ||
Accrued pension costs | 1,275 | 1,062 | ||
Accrued postretirement health care costs | 831 | 785 | ||
Due to Altria Group, Inc. and subsidiaries | 4,790 | 4,790 | ||
Other liabilities | 177 | 168 | ||
Total liabilities | $ 12,205 | $ 12,135 | ||
Contingencies | ||||
Redeemable noncontrolling interest | $ 37 | $ 37 | ||
Stockholders' Equity | ||||
Common stock | 9 | 9 | ||
Additional paid-in capital | 11,446 | 11,456 | ||
Earnings reinvested in the business | 1,089 | 1,099 | ||
Accumulated other comprehensive losses | (1,848) | (1,692) | ||
Cost of repurchased stock | 0 | 0 | ||
Total stockholders' equity attributable to Altria Group, Inc. | 10,696 | 10,872 | ||
Noncontrolling interests | 3 | (7) | ||
Total stockholders' equity | 10,699 | 10,865 | ||
Total Liabilities and Stockholders' Equity | 22,941 | 23,037 | ||
Consolidation, Eliminations [Member] | ||||
Assets [Abstract] | ||||
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 | (6,965) | (5,628) | ||
Deferred income taxes | (100) | (100) | ||
Other current assets | (106) | (74) | ||
Total current assets | (7,171) | (5,802) | ||
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 | (13,840) | (14,363) | ||
Finance assets, net | 0 | 0 | ||
Due from Altria Group, Inc. and subsidiaries | (4,790) | (4,790) | ||
Other assets | (337) | (327) | ||
Total Assets | (26,138) | (25,282) | ||
Liabilities [Abstract] | ||||
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 | (100) | (174) | ||
Income taxes | (106) | |||
Dividends payable | 0 | 0 | ||
Due to Altria Group, Inc. and subsidiaries | (6,965) | (5,628) | ||
Total current liabilities | (7,171) | (5,802) | ||
Long-term debt | 0 | 0 | ||
Deferred income taxes | (337) | (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 | $ (12,298) | $ (10,919) | ||
Contingencies | ||||
Redeemable noncontrolling interest | $ 0 | $ 0 | ||
Stockholders' Equity | ||||
Common stock | (9) | (9) | ||
Additional paid-in capital | (14,756) | (14,766) | ||
Earnings reinvested in the business | (1,195) | (1,535) | ||
Accumulated other comprehensive losses | 2,120 | 1,947 | ||
Cost of repurchased stock | 0 | 0 | ||
Total stockholders' equity attributable to Altria Group, Inc. | (13,840) | (14,363) | ||
Noncontrolling interests | 0 | 0 | ||
Total stockholders' equity | (13,840) | (14,363) | ||
Total Liabilities and Stockholders' Equity | $ (26,138) | $ (25,282) |
Condensed Consolidating Finan67
Condensed Consolidating Financial Information (Condensed Consolidating Statements of Earnings and Comprehensive Earnings) (Details) - USD ($) $ in Millions | 3 Months Ended | 12 Months Ended | |
Mar. 31, 2016 | Mar. 31, 2015 | Dec. 31, 2015 | |
Condensed Income Statements, Captions [Line Items] | |||
Net revenues | $ 6,066 | $ 5,804 | |
Cost of sales | 1,874 | 1,797 | |
Excise taxes on products | 1,536 | 1,532 | |
Gross profit | 2,656 | 2,475 | |
Marketing, administration and research costs | 559 | 610 | |
Asset impairment and exit costs | 120 | 0 | |
Operating income (expense) | 1,977 | 1,865 | |
Interest and other debt expense (income), net | 200 | 209 | |
Loss on early extinguishment of debt | 0 | 228 | |
Earnings from equity investment in SABMiller | (66) | (134) | |
Gain on derivative financial instrument | (40) | 0 | |
Earnings (loss) before income taxes | 1,883 | 1,562 | |
(Benefit) provision for income taxes | 665 | 544 | |
Equity earnings of subsidiaries | 0 | 0 | |
Net earnings | 1,218 | 1,018 | |
Net earnings attributable to noncontrolling interests | (1) | 0 | |
Net earnings attributable to Altria Group, Inc. | 1,217 | 1,018 | |
Other comprehensive (losses) earnings, net of deferred income taxes | (47) | (263) | $ (598) |
Comprehensive earnings | 1,171 | 755 | |
Comprehensive earnings attributable to noncontrolling interests | (1) | 0 | |
Comprehensive earnings attributable to Altria Group, Inc. | 1,170 | 755 | |
Reportable Legal Entities [Member] | Altria Group, Inc. [Member] | |||
Condensed Income Statements, Captions [Line Items] | |||
Net revenues | 0 | 0 | |
Cost of sales | 0 | 0 | |
Excise taxes on products | 0 | 0 | |
Gross profit | 0 | 0 | |
Marketing, administration and research costs | 36 | 42 | |
Asset impairment and exit costs | 5 | ||
Operating income (expense) | (41) | (42) | |
Interest and other debt expense (income), net | 129 | 154 | |
Loss on early extinguishment of debt | 228 | ||
Earnings from equity investment in SABMiller | (66) | (134) | |
Gain on derivative financial instrument | (40) | ||
Earnings (loss) before income taxes | (64) | (290) | |
(Benefit) provision for income taxes | (49) | (143) | |
Equity earnings of subsidiaries | 1,232 | 1,165 | |
Net earnings | 1,217 | 1,018 | |
Net earnings attributable to noncontrolling interests | 0 | 0 | |
Net earnings attributable to Altria Group, Inc. | 1,217 | 1,018 | |
Other comprehensive (losses) earnings, net of deferred income taxes | (47) | (263) | |
Comprehensive earnings | 1,170 | 755 | |
Comprehensive earnings attributable to noncontrolling interests | 0 | 0 | |
Comprehensive earnings attributable to Altria Group, Inc. | 1,170 | 755 | |
Reportable Legal Entities [Member] | PM USA [Member] | |||
Condensed Income Statements, Captions [Line Items] | |||
Net revenues | 5,265 | 5,068 | |
Cost of sales | 1,642 | 1,566 | |
Excise taxes on products | 1,487 | 1,480 | |
Gross profit | 2,136 | 2,022 | |
Marketing, administration and research costs | 415 | 465 | |
Asset impairment and exit costs | 94 | ||
Operating income (expense) | 1,627 | 1,557 | |
Interest and other debt expense (income), net | 15 | (1) | |
Loss on early extinguishment of debt | 0 | ||
Earnings from equity investment in SABMiller | 0 | 0 | |
Gain on derivative financial instrument | 0 | ||
Earnings (loss) before income taxes | 1,612 | 1,558 | |
(Benefit) provision for income taxes | 603 | 584 | |
Equity earnings of subsidiaries | 60 | 61 | |
Net earnings | 1,069 | 1,035 | |
Net earnings attributable to noncontrolling interests | 0 | 0 | |
Net earnings attributable to Altria Group, Inc. | 1,069 | 1,035 | |
Other comprehensive (losses) earnings, net of deferred income taxes | (17) | 4 | |
Comprehensive earnings | 1,052 | 1,039 | |
Comprehensive earnings attributable to noncontrolling interests | 0 | 0 | |
Comprehensive earnings attributable to Altria Group, Inc. | 1,052 | 1,039 | |
Reportable Legal Entities [Member] | Non-Guarantor Subsidiaries [Member] | |||
Condensed Income Statements, Captions [Line Items] | |||
Net revenues | 810 | 745 | |
Cost of sales | 241 | 240 | |
Excise taxes on products | 49 | 52 | |
Gross profit | 520 | 453 | |
Marketing, administration and research costs | 108 | 103 | |
Asset impairment and exit costs | 21 | ||
Operating income (expense) | 391 | 350 | |
Interest and other debt expense (income), net | 56 | 56 | |
Loss on early extinguishment of debt | 0 | ||
Earnings from equity investment in SABMiller | 0 | 0 | |
Gain on derivative financial instrument | 0 | ||
Earnings (loss) before income taxes | 335 | 294 | |
(Benefit) provision for income taxes | 111 | 103 | |
Equity earnings of subsidiaries | 0 | 0 | |
Net earnings | 224 | 191 | |
Net earnings attributable to noncontrolling interests | (1) | 0 | |
Net earnings attributable to Altria Group, Inc. | 223 | 191 | |
Other comprehensive (losses) earnings, net of deferred income taxes | (156) | 35 | |
Comprehensive earnings | 68 | 226 | |
Comprehensive earnings attributable to noncontrolling interests | (1) | 0 | |
Comprehensive earnings attributable to Altria Group, Inc. | 67 | 226 | |
Consolidation, Eliminations [Member] | |||
Condensed Income Statements, Captions [Line Items] | |||
Net revenues | (9) | (9) | |
Cost of sales | (9) | (9) | |
Excise taxes on products | 0 | 0 | |
Gross profit | 0 | 0 | |
Marketing, administration and research costs | 0 | 0 | |
Asset impairment and exit costs | 0 | ||
Operating income (expense) | 0 | 0 | |
Interest and other debt expense (income), net | 0 | 0 | |
Loss on early extinguishment of debt | 0 | ||
Earnings from equity investment in SABMiller | 0 | 0 | |
Gain on derivative financial instrument | 0 | ||
Earnings (loss) before income taxes | 0 | 0 | |
(Benefit) provision for income taxes | 0 | 0 | |
Equity earnings of subsidiaries | (1,292) | (1,226) | |
Net earnings | (1,292) | (1,226) | |
Net earnings attributable to noncontrolling interests | 0 | 0 | |
Net earnings attributable to Altria Group, Inc. | (1,292) | (1,226) | |
Other comprehensive (losses) earnings, net of deferred income taxes | 173 | (39) | |
Comprehensive earnings | (1,119) | (1,265) | |
Comprehensive earnings attributable to noncontrolling interests | 0 | 0 | |
Comprehensive earnings attributable to Altria Group, Inc. | $ (1,119) | $ (1,265) |
Condensed Consolidating Finan68
Condensed Consolidating Financial Information (Condensed Consolidating Statements of Cash Flows) (Details) - USD ($) $ in Millions | 3 Months Ended | |
Mar. 31, 2016 | Mar. 31, 2015 | |
Cash Provided by (Used in) Operating Activities | ||
Net cash provided by operating activities | $ 2,689 | $ 2,498 |
Cash Provided by (Used in) Investing Activities | ||
Capital expenditures | (26) | (48) |
Proceeds from finance assets | 56 | 147 |
Other | 4 | 0 |
Net cash provided by (used in) investing activities | 34 | 99 |
Cash Provided by (Used in) Financing Activities | ||
Long-term debt repaid | 0 | (793) |
Repurchases of common stock | (168) | (192) |
Dividends paid on common stock | (1,108) | (1,026) |
Changes in amounts due to/from Altria Group, Inc. and subsidiaries | 0 | 0 |
Premium and fees related to early extinguishment of debt | 0 | (226) |
Cash dividends paid to parent | 0 | 0 |
Other | (1) | (7) |
Net cash used in financing activities | (1,277) | (2,244) |
Cash and cash equivalents: | ||
Increase (decrease) | 1,446 | 353 |
Balance at beginning of period | 2,369 | 3,321 |
Balance at end of period | 3,815 | 3,674 |
Reportable Legal Entities [Member] | Altria Group, Inc. [Member] | ||
Cash Provided by (Used in) Operating Activities | ||
Net cash provided by operating activities | 1,433 | 845 |
Cash Provided by (Used in) Investing Activities | ||
Capital expenditures | 0 | 0 |
Proceeds from finance assets | 0 | 0 |
Other | 0 | 0 |
Net cash provided by (used in) investing activities | 0 | 0 |
Cash Provided by (Used in) Financing Activities | ||
Long-term debt repaid | (793) | |
Repurchases of common stock | (168) | (192) |
Dividends paid on common stock | (1,108) | (1,026) |
Changes in amounts due to/from Altria Group, Inc. and subsidiaries | 1,279 | 1,750 |
Premium and fees related to early extinguishment of debt | (226) | |
Cash dividends paid to parent | 0 | 0 |
Other | 0 | 0 |
Net cash used in financing activities | 3 | (487) |
Cash and cash equivalents: | ||
Increase (decrease) | 1,436 | 358 |
Balance at beginning of period | 2,313 | 3,281 |
Balance at end of period | 3,749 | 3,639 |
Reportable Legal Entities [Member] | PM USA [Member] | ||
Cash Provided by (Used in) Operating Activities | ||
Net cash provided by operating activities | 2,780 | 2,696 |
Cash Provided by (Used in) Investing Activities | ||
Capital expenditures | (7) | (15) |
Proceeds from finance assets | 0 | |
Other | 0 | 10 |
Net cash provided by (used in) investing activities | (7) | (5) |
Cash Provided by (Used in) Financing Activities | ||
Long-term debt repaid | 0 | |
Repurchases of common stock | 0 | 0 |
Dividends paid on common stock | 0 | 0 |
Changes in amounts due to/from Altria Group, Inc. and subsidiaries | (1,374) | (1,634) |
Premium and fees related to early extinguishment of debt | 0 | |
Cash dividends paid to parent | (1,399) | (1,060) |
Other | 0 | 0 |
Net cash used in financing activities | (2,773) | (2,694) |
Cash and cash equivalents: | ||
Increase (decrease) | 0 | (3) |
Balance at beginning of period | 0 | 3 |
Balance at end of period | 0 | 0 |
Reportable Legal Entities [Member] | Non-Guarantor Subsidiaries [Member] | ||
Cash Provided by (Used in) Operating Activities | ||
Net cash provided by operating activities | 108 | 136 |
Cash Provided by (Used in) Investing Activities | ||
Capital expenditures | (19) | (33) |
Proceeds from finance assets | 56 | 147 |
Other | 4 | (10) |
Net cash provided by (used in) investing activities | 41 | 104 |
Cash Provided by (Used in) Financing Activities | ||
Long-term debt repaid | 0 | |
Repurchases of common stock | 0 | 0 |
Dividends paid on common stock | 0 | 0 |
Changes in amounts due to/from Altria Group, Inc. and subsidiaries | 95 | (116) |
Premium and fees related to early extinguishment of debt | 0 | |
Cash dividends paid to parent | (233) | (119) |
Other | (1) | (7) |
Net cash used in financing activities | (139) | (242) |
Cash and cash equivalents: | ||
Increase (decrease) | 10 | (2) |
Balance at beginning of period | 56 | 37 |
Balance at end of period | 66 | 35 |
Consolidation, Eliminations [Member] | ||
Cash Provided by (Used in) Operating Activities | ||
Net cash provided by operating activities | (1,632) | (1,179) |
Cash Provided by (Used in) Investing Activities | ||
Capital expenditures | 0 | 0 |
Proceeds from finance assets | 0 | 0 |
Other | 0 | 0 |
Net cash provided by (used in) investing activities | 0 | 0 |
Cash Provided by (Used in) Financing Activities | ||
Long-term debt repaid | 0 | |
Repurchases of common stock | 0 | 0 |
Dividends paid on common stock | 0 | 0 |
Changes in amounts due to/from Altria Group, Inc. and subsidiaries | 0 | 0 |
Premium and fees related to early extinguishment of debt | 0 | |
Cash dividends paid to parent | 1,632 | 1,179 |
Other | 0 | 0 |
Net cash used in financing activities | 1,632 | 1,179 |
Cash and cash equivalents: | ||
Increase (decrease) | 0 | 0 |
Balance at beginning of period | 0 | 0 |
Balance at end of period | $ 0 | $ 0 |
Recent Accounting Guidance No69
Recent Accounting Guidance Not Yet Adopted (Narrative) (Details) - USD ($) $ in Millions | Mar. 31, 2016 | Dec. 31, 2015 |
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | ||
Current deferred income tax assets | $ 1,175 | $ 1,175 |
Noncurrent deferred income tax liabilities | 5,606 | $ 5,663 |
Accounting Standard Update 2015-17 [Member] | ||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | ||
Current deferred income tax assets | 1,200 | |
Noncurrent deferred income tax liabilities | 1,000 | |
Noncurrent deferred income tax assets | $ 200 |