Other Comprehensive Earnings/Losses

9 Months Ended

Sep. 30, 2023

Changes in each component of accumulated other comprehensive losses, net of deferred income taxes, attributable to Altria were as follows:


	For the Nine Months Ended September 30, 2023
(in millions)	Benefit Plans		ABI			Currency Translation Adjustments and Other		Accumulated Other Comprehensive Losses
Balances, December 31, 2022	$	(1,436)	$	(1,369)		$	34	$	(2,771)

Other comprehensive earnings (losses) before reclassifications	—		388			14		402
Deferred income taxes	—		(82)			—		(82)
Other comprehensive earnings (losses) before reclassifications, net of deferred income taxes	—		306			14		320

Amounts reclassified to net earnings	(21)		(5)			—		(26)
Deferred income taxes	5		1			—		6
Amounts reclassified to net earnings, net of deferred income taxes	(16)		(4)			—		(20)

Other comprehensive earnings (losses), net of deferred income taxes	(16)		302		(1)	14		300

Balances, September 30, 2023	$	(1,452)	$	(1,067)		$	48	$	(2,471)


	For the Three Months Ended September 30, 2023
(in millions)	Benefit Plans		ABI			Currency Translation Adjustments and Other		Accumulated Other Comprehensive Losses
Balances, June 30, 2023	$	(1,447)	$	(1,303)		$	41	$	(2,709)

Other comprehensive earnings (losses) before reclassifications	—		316			7		323
Deferred income taxes	—		(69)			—		(69)
Other comprehensive earnings (losses) before reclassifications, net of deferred income taxes	—		247			7		254

Amounts reclassified to net earnings	(7)		(14)			—		(21)
Deferred income taxes	2		3			—		5
Amounts reclassified to net earnings, net of deferred income taxes	(5)		(11)			—		(16)

Other comprehensive earnings (losses), net of deferred income taxes	(5)		236		(1)	7		238

Balances, September 30, 2023	$	(1,452)	$	(1,067)		$	48	$	(2,471)


	For the Nine Months Ended September 30, 2022
(in millions)	Benefit Plans		ABI			Currency Translation Adjustments and Other		Accumulated Other Comprehensive Losses
Balances, December 31, 2021	$	(1,612)	$	(1,512)		$	68	$	(3,056)

Other comprehensive earnings (losses) before reclassifications	—		902			(11)		891
Deferred income taxes	—		(206)			—		(206)
Other comprehensive earnings (losses) before reclassifications, net of deferred income taxes	—		696			(11)		685

Amounts reclassified to net earnings	65		(74)			(1)		(10)
Deferred income taxes	(17)		15			—		(2)
Amounts reclassified to net earnings, net of deferred income taxes	48		(59)			(1)		(12)

Other comprehensive earnings (losses), net of deferred income taxes	48		637		(1)	(12)		673

Balances, September 30, 2022	$	(1,564)	$	(875)		$	56	$	(2,383)


	For the Three Months Ended September 30, 2022
(in millions)	Benefit Plans		ABI			Currency Translation Adjustments and Other		Accumulated Other Comprehensive Losses
Balances, June 30, 2022	$	(1,581)	$	(869)		$	73	$	(2,377)

Other comprehensive earnings (losses) before reclassifications	—		18			(16)		2
Deferred income taxes	—		(11)			—		(11)
Other comprehensive earnings (losses) before reclassifications, net of deferred income taxes	—		7			(16)		(9)

Amounts reclassified to net earnings	24		(16)			(1)		7
Deferred income taxes	(7)		3			—		(4)
Amounts reclassified to net earnings, net of deferred income taxes	17		(13)			(1)		3

Other comprehensive earnings (losses), net of deferred income taxes	17		(6)		(1)	(17)		(6)

Balances, September 30, 2022	$	(1,564)	$	(875)		$	56	$	(2,383)

(1) Primarily reflects our share of ABI’s currency translation adjustments and the impact of our designated net investment hedges related to our equity investment in ABI. For further discussion of designated net investment hedges, see Note 6. Financial Instruments.

Pre-tax amounts by component, reclassified from accumulated other comprehensive losses to net earnings were as follows:


	For the Nine Months Ended September 30,				For the Three Months Ended September 30,
(in millions)	2023		2022		2023		2022
Benefit Plans: (1)
Net loss	$	5	$	94	$	2	$	33
Prior service cost/credit	(26)		(29)		(9)		(9)
	(21)		65		(7)		24
ABI (2)	(5)		(74)		(14)		(16)
Currency Translation Adjustments (2)	—		(1)		—		(1)
Pre-tax amounts reclassified from accumulated other comprehensive losses to net earnings	$	(26)	$	(10)	$	(21)	$	7

(1) Amounts are included in net defined benefit plan costs. For further details, see Note 7. Benefit Plans.

(2) Amounts are included in (income) losses from investments in equity securities. For further information, see Note 5. Investments in Equity Securities.