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SEC Filings

8-K
ALTRIA GROUP, INC. filed this Form 8-K on 02/01/2018
Entire Document
 

 
 
 
Schedule 10
ALTRIA GROUP, INC.
and Subsidiaries
Reconciliation of GAAP and non-GAAP Measures

For the Periods Ended December 31,
(Unaudited)
 
 
 
 
 
 
 
 
 
Fourth Quarter
 
Full Year
U.S. federal statutory rate
35.0
 %
 
35.0
 %
Increase (decrease) resulting from:
 
 
 
State and local income taxes, net of federal tax benefit
4.9

 
3.5

Re-measurement of net deferred tax liabilities
(140.3
)
 
(31.2
)
Tax basis in foreign investments
(35.0
)
 
(7.8
)
Deemed repatriation tax
18.9

 
4.2

Uncertain tax positions
(2.3
)
 
(0.9
)
AB InBev dividend benefit
(9.7
)
 
(5.9
)
Domestic manufacturing deduction
(2.1
)
 
(1.8
)
Other
3.0

 
0.8

Reported effective tax rate 1
(127.6
)%
 
(4.1
)%
Tax reform items
154.2

 
34.3

Valuation allowance release

 
2.4

IRS audit closure

 
1.5

Other
0.4

 
(0.7
)
Adjusted effective tax rate 2
27.0
 %
 
33.4
 %
1 Reported effective tax rate is calculated as “(Benefit) provision for income taxes” divided by “Earnings before income taxes” from Schedules 1 and 3.
2 Adjusted effective tax rate is calculated as “Adjusted provision for income taxes” divided by “Adjusted earnings before income taxes” from
Schedules 7 and 9.