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SEC Filings

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

Altria Group, Inc. and Subsidiaries
Notes to Consolidated Financial Statements
_________________________


Note 13. Other Comprehensive Earnings/Losses
The following tables set forth the changes in each component of accumulated other comprehensive losses, net of deferred income taxes, attributable to Altria Group, Inc.:
(in millions)
 
Benefit Plans

 
AB InBev/
SABMiller

 
Currency
Translation
Adjustments and Other

 
Accumulated
Other
Comprehensive
Losses

Balances, December 31, 2014
 
$
(2,040
)
 
$
(640
)
 
$
(2
)
 
$
(2,682
)
Other comprehensive losses before reclassifications
 
(223
)
 
(983
)
 
(4
)
 
(1,210
)
Deferred income taxes
 
86

 
344

 
1

 
431

Other comprehensive losses before reclassifications, net of deferred income taxes
 
(137
)
 
(639
)
 
(3
)
 
(779
)
 
 
 
 
 
 
 
 
 
Amounts reclassified to net earnings
 
272

 
21

 

 
293

Deferred income taxes
 
(105
)
 
(7
)
 

 
(112
)
Amounts reclassified to net earnings, net of
deferred income taxes
 
167

 
14

 

 
181

 
 
 
 
 
 
 
 
 
Other comprehensive earnings (losses), net of deferred income taxes
 
30

 
(625
)
(1) 
(3
)
 
(598
)
Balances, December 31, 2015
 
(2,010
)
 
(1,265
)
 
(5
)
 
(3,280
)
Other comprehensive (losses) earnings before reclassifications
 
(247
)
 
787

 
1

 
541

Deferred income taxes
 
96

 
(276
)
 

 
(180
)
Other comprehensive (losses) earnings before reclassifications, net of deferred income taxes
 
(151
)
 
511

(2) 
1

 
361

 
 
 
 
 
 
 
 
 
Amounts reclassified to net earnings
 
178

 
1,160

 

 
1,338

Deferred income taxes
 
(65
)
 
(406
)
 

 
(471
)
Amounts reclassified to net earnings, net of
deferred income taxes
 
113

 
754

(3) 

 
867

 
 
 
 
 
 
 
 
 
Other comprehensive (losses) earnings, net of deferred income taxes
 
(38
)
 
1,265

 
1

 
1,228

Balances, December 31, 2016
 
(2,048
)
 

 
(4
)
 
(2,052
)
Other comprehensive earnings (losses) before reclassifications
 
52

 
(91
)
 

 
(39
)
Deferred income taxes
 
(21
)
 
32

 

 
11

Other comprehensive earnings (losses) before reclassifications, net of deferred income taxes
 
31

 
(59
)
 

 
(28
)
 
 
 
 
 
 
 
 
 
Amounts reclassified to net earnings
 
291

 
8

 

 
299

Deferred income taxes
 
(113
)
 
(3
)
 

 
(116
)
Amounts reclassified to net earnings, net of
deferred income taxes
 
178

 
5

 

 
183

 
 
 
 
 
 
 
 
 
Other comprehensive earnings (losses), net of deferred income taxes
 
209

 
(54
)
(1) 

 
155

Balances, December 31, 2017
 
$
(1,839
)
 
$
(54
)
 
$
(4
)
 
$
(1,897
)
(1) Altria Group, Inc.’s proportionate share of AB InBev’s and SABMiller’s other comprehensive earnings/losses consisted primarily of currency translation adjustments for the years ended December 31, 2017 and 2015, respectively.
(2) As a result of the Transaction, Altria Group, Inc. reversed to investment in SABMiller $414 million of its accumulated other comprehensive losses directly attributable to SABMiller; the remaining $97 million consisted primarily of currency translation adjustments.  
(3) As a result of the Transaction, Altria Group, Inc. recognized $737 million of its accumulated other comprehensive losses directly attributable to SABMiller.



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