Altria (MO) 10-Q 2007 Q3 Quarterly report

Exhibit 12

ALTRIA GROUP, INC. AND SUBSIDIARIES

Computation of Ratios of Earnings to Fixed Charges

(in millions of dollars)

	Nine Months Ended September 30, 2007			Three Months Ended September 30, 2007
Earnings from continuing operations before income taxes, and equity earnings and minority interest, net	$	10,012		$	3,694
Add (deduct):
Equity in net earnings of less than 50% owned affiliates		(82	)		(38	)
Dividends from less than 50% owned affiliates		158			158
Fixed charges		596			172
Interest capitalized, net of amortization		(10	)		(4	)
Earnings available for fixed charges	$	10,674		$	3,982
Fixed charges:
Interest incurred:
Consumer products	$	475		$	134
Financial services		45			13
		520			147
Portion of rent expense deemed to represent interest factor		76			25
Fixed charges	$	596		$	172
Ratio of earnings to fixed charges (A)		17.9			23.2

(A) Reflects Kraft Foods Inc. as a discontinued operation. Interest incurred and the portion of rent expense deemed to represent interest factor of Kraft have been excluded from fixed charges in the computation. Including these amounts in fixed charges, the ratio of earnings to fixed charges would have been 15.4 for the nine months ended September 30, 2007.

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Exhibit 12

ALTRIA GROUP, INC. AND SUBSIDIARIES

Computation of Ratios of Earnings to Fixed Charges

(in millions of dollars)

	For the Years Ended December 31,
	2006			2005			2004			2003			2002
Earnings from continuing operations before income taxes, and equity earnings and minority interest, net	$	12,520		$	11,319		$	10,058		$	9,414		$	12,831
Add (deduct):
Equity in net earnings of less than 50% owned affiliates		(172	)		(180	)		(134	)		(152	)		(184	)
Dividends from less than 50% owned affiliates		196			170			154			116			16
Fixed charges		927			1,082			938			899			674
Interest capitalized, net of amortization		(4	)		(7	)		2			11			12
Earnings available for fixed charges	$	13,467		$	12,384		$	11,018		$	10,288		$	13,349
Fixed charges:
Interest incurred:
Consumer products	$	744		$	871		$	747		$	689		$	473
Financial services		81			107			94			105			100
		825			978			841			794			573
Portion of rent expense deemed to represent interest factor		102			104			97			105			101
Fixed charges	$	927		$	1,082		$	938		$	899		$	674
Ratio of earnings to fixed charges (A) (B)		14.5			11.4			11.7			11.4			19.8

(A) Earnings from continuing operations before income taxes, and equity earnings and minority interest, net for the year ended December 31, 2002, include a non-recurring pre-tax gain of $2,631 million related to the Miller Brewing Company transaction. Excluding this gain, the ratio of earnings to fixed charges would have been 15.9 for the year ended December 31, 2002.

(B) Reflects Kraft Foods Inc. as a discontinued operation. Interest incurred and the portion of rent expense deemed to represent interest factor of Kraft have been excluded from fixed charges in the computation. Including these amounts in fixed charges, the ratio of earnings to fixed charges would have been 8.8, 7.0, 6.6, 6.4 and 8.6 for the years ended December 31, 2006, 2005, 2004, 2003 and 2002, respectively. In addition, excluding the 2002 non-recurring pre-tax gain related to the Miller Brewing Company transaction, the ratio of earnings to fixed charges would have been 7.0 for the year ended December 31, 2002.

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