7Baggers
Quarterly
Annual
    Unit: USD2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2019-03-31 2018-12-31 2018-09-30 2018-06-30 2018-03-31 2017-12-31 2017-09-30 2017-06-30 2017-03-31 2016-12-31 2016-09-30 2016-06-30 2016-03-31 2015-12-31 2015-09-30 2015-06-30 2015-03-31 2014-12-31 2014-09-30 2014-06-30 2014-03-31 2013-12-31 2013-09-30 2013-06-30 2013-03-31 2012-12-31 2012-09-30 2012-06-30 2012-03-31 2011-09-30 2011-06-30 2011-03-31 2010-09-30 2010-06-30 2010-03-31 2009-09-30 2009-06-30 2009-03-31 2008-09-30 2008-06-30 2008-03-31 2007-09-30 2007-06-30 2007-03-31 2006-09-30 2006-06-30 2006-03-31 2005-09-30 2005-06-30 2005-03-31 2004-09-30 2004-06-30 2004-03-31 
      
    		                                                                               
      cash from operating activities
    		                                                                               
      net earnings
    		2,375,000,000 2,378,000,000 1,077,000,000 3,039,000,000 2,293,000,000 3,803,000,000 2,129,000,000 2,060,000,000 2,166,000,000 2,117,000,000 1,787,000,000 2,690,000,000 224,000,000 891,000,000 1,959,000,000 1,624,000,000 -2,720,000,000 2,150,000,000 1,421,000,000 1,922,000,000 -956,000,000 1,938,000,000 1,550,000,000 -1,814,000,000 -2,602,000,000 1,997,000,000 1,121,000,000 1,251,000,000 1,944,000,000 1,877,000,000 1,895,000,000 4,968,000,000 1,867,000,000 1,990,000,000 1,402,000,000 10,278,000,000 1,094,000,000 1,654,000,000 1,218,000,000 1,248,000,000 1,528,000,000 1,449,000,000 1,018,000,000 1,236,000,000 1,397,000,000 1,262,000,000 1,175,000,000 488,000,000 1,396,000,000 1,266,000,000 1,385,000,000 928,000,000 657,000,000 1,448,000,000 973,000,000 1,174,000,000 444,000,000 938,000,000 1,131,000,000 1,043,000,000 813,000,000 882,000,000 1,011,000,000 589,000,000 867,000,000 930,000,000 2,454,000,000 2,633,000,000 2,215,000,000 2,750,000,000 2,875,000,000 2,711,000,000 3,477,000,000 2,883,000,000 2,667,000,000 2,596,000,000 2,648,000,000 2,670,000,000 2,151,000,000 
      adjustments to reconcile net earnings to operating cash flows:
    		                                                                               
      depreciation and amortization
    		70,000,000 71,000,000 71,000,000 73,000,000 74,000,000 74,000,000 65,000,000 78,000,000 80,000,000 62,000,000 52,000,000 63,000,000 54,000,000 57,000,000 52,000,000 54,000,000 62,000,000 65,000,000 63,000,000 65,000,000 62,000,000 65,000,000 65,000,000 63,000,000 57,000,000 53,000,000 53,000,000 59,000,000 64,000,000 51,000,000 53,000,000 54,000,000 51,000,000 52,000,000 52,000,000 55,000,000 51,000,000 49,000,000 49,000,000 75,000,000 50,000,000 51,000,000 49,000,000 59,000,000 49,000,000 50,000,000 50,000,000 54,000,000 52,000,000 52,000,000 54,000,000 56,000,000 56,000,000 57,000,000 56,000,000 63,000,000 61,000,000 60,000,000 71,000,000 68,000,000 69,000,000 71,000,000 69,000,000 78,000,000 52,000,000 51,000,000 59,000,000 242,000,000 236,000,000 226,000,000 456,000,000 437,000,000 446,000,000 406,000,000 410,000,000 407,000,000 397,000,000 388,000,000 384,000,000 
      deferred income tax provision
    		-227,000,000 7,000,000 26,000,000 492,000,000 15,000,000 582,000,000 -138,000,000 345,000,000 -169,000,000 -264,000,000 -142,000,000 -397,000,000 -570,000,000 -23,000,000 43,000,000  -1,244,000,000 -1,000,000 65,000,000  -107,000,000 -30,000,000 26,000,000  -209,000,000    151,000,000 10,000,000 54,000,000                   34,000,000 16,000,000 180,000,000 -73,000,000 219,000,000 80,000,000 58,000,000 60,000,000 72,000,000 77,000,000 51,000,000 69,000,000 150,000,000 255,000,000 81,000,000 37,000,000   -411,000,000 -411,000,000 970,000,000   1,040,000,000   982,000,000 -189,000,000 -55,000,000 1,009,000,000 
      unrecognized tax benefit
    		   -1,208,000,000 -8,000,000 55,000,000 33,000,000 -62,000,000                                                                        
      fair value adjustment for njoy transaction contingent payments
    		0 0 25,000,000                                                                             
      (income) losses from investments in equity securities
    		-107,000,000 -148,000,000 -143,000,000 -122,000,000 -116,000,000 -119,000,000 -295,000,000 -138,000,000 -58,000,000 -127,000,000 80,000,000 -66,000,000                                                                    
      gain on the sale of iqos system commercialization rights
    		   0 0                                                                           
      dividends from abi
    		0   0 0   0 0   0 0   0 0   0 0   175,000,000 0                                                       
      asset impairment and exit costs, net of cash paid
    		-5,000,000                   -9,000,000 -1,000,000 -18,000,000 -23,000,000 74,000,000 -32,000,000 -18,000,000 17,000,000 378,000,000 -8,000,000 -9,000,000 -7,000,000  -5,000,000 -9,000,000 -16,000,000 35,000,000 -20,000,000 -27,000,000 118,000,000              -25,000,000 -20,000,000 -14,000,000 -4,000,000 -8,000,000 -16,000,000 -47,000,000      -61,000,000 -86,000,000 231,000,000 5,000,000 297,000,000 90,000,000 114,000,000 192,000,000 140,000,000 10,000,000 11,000,000 109,000,000 23,000,000 111,000,000 304,000,000 
      impairment of goodwill
    		0 0 873,000,000                                                                             
      cash effects of changes:
    		                                                                               
      receivables
    		-10,000,000 18,000,000 -80,000,000 -92,000,000 -13,000,000 5,000,000 -6,000,000 -13,000,000 77,000,000 -24,000,000 -34,000,000 -16,000,000 -9,000,000 3,000,000 1,000,000 -11,000,000 -12,000,000 10,000,000 -5,000,000 19,000,000 -11,000,000 7,000,000 5,000,000  0 -5,000,000 -16,000,000  -43,000,000 -11,000,000 9,000,000 6,000,000 -29,000,000 15,000,000 18,000,000  -24,000,000 -17,000,000 20,000,000 -6,000,000 -10,000,000 -6,000,000 25,000,000  -2,000,000 10,000,000 2,000,000 -23,000,000 22,000,000 -2,000,000 81,000,000 0 200,000,000 -11,000,000 13,000,000 3,000,000 -7,000,000 -5,000,000 3,000,000 74,000,000 -58,000,000 12,000,000 -29,000,000 18,000,000 -33,000,000 71,000,000 -140,000,000   -31,000,000 107,000,000 -327,000,000 92,000,000 167,000,000 360,000,000 -316,000,000 243,000,000 -182,000,000 -228,000,000 
      inventories
    		-49,000,000 45,000,000 -18,000,000 -12,000,000 73,000,000 67,000,000 -26,000,000 -41,000,000 17,000,000 81,000,000 -72,000,000 -74,000,000 38,000,000 70,000,000 -20,000,000 -61,000,000 -54,000,000 154,000,000 18,000,000 -134,000,000 49,000,000 92,000,000 -5,000,000 -105,000,000 51,000,000 121,000,000 -25,000,000  42,000,000 135,000,000 -30,000,000  12,000,000 123,000,000 -68,000,000  -18,000,000 151,000,000 -79,000,000  -46,000,000 167,000,000 -62,000,000  -58,000,000 129,000,000 -91,000,000  -17,000,000 115,000,000 -70,000,000 -122,000,000 60,000,000 146,000,000 -51,000,000 48,000,000 151,000,000 -21,000,000 32,000,000 163,000,000 -3,000,000 115,000,000 152,000,000 -168,000,000 79,000,000 138,000,000 -23,000,000 -549,000,000 439,000,000 201,000,000 -608,000,000 770,000,000 -941,000,000 -112,000,000 -386,000,000 -71,000,000 -391,000,000 184,000,000 149,000,000 
      accounts payable
    		93,000,000 13,000,000 -136,000,000 184,000,000 -52,000,000 45,000,000 -61,000,000 85,000,000 35,000,000 33,000,000 -115,000,000 119,000,000 20,000,000 12,000,000 -59,000,000 160,000,000 116,000,000 -15,000,000 -98,000,000 29,000,000 71,000,000 -2,000,000 -45,000,000  18,000,000 14,000,000 -189,000,000 106,000,000 79,000,000 6,000,000 -164,000,000  79,000,000 -44,000,000 -189,000,000  101,000,000 -16,000,000 -217,000,000  52,000,000 12,000,000 -166,000,000  57,000,000 -12,000,000 -109,000,000  60,000,000 10,000,000 -89,000,000 43,000,000 26,000,000 4,000,000 -68,000,000 -12,000,000 -28,000,000 -66,000,000 47,000,000 -33,000,000 -8,000,000 18,000,000 -52,000,000 -6,000,000 -1,000,000 -46,000,000 -110,000,000   -185,000,000 216,000,000 89,000,000 -353,000,000 117,000,000 2,000,000 -235,000,000 48,000,000 98,000,000 -463,000,000 
      income taxes
    		137,000,000 -298,000,000 565,000,000 402,000,000 219,000,000 -494,000,000 671,000,000 216,000,000 -19,000,000 -600,000,000 409,000,000 -167,000,000 43,000,000 -631,000,000 637,000,000 51,000,000 -29,000,000 -567,000,000 396,000,000   554,000,000 495,000,000 -85,000,000 80,000,000 -377,000,000 471,000,000 -90,000,000 83,000,000 -296,000,000 521,000,000 2,695,000,000 -38,000,000 -340,000,000 719,000,000 4,786,000,000 -69,000,000 -698,000,000 645,000,000 3,035,000,000 147,000,000 -694,000,000 541,000,000 -16,000,000 22,000,000 -606,000,000 601,000,000 2,267,000,000 92,000,000 -550,000,000 639,000,000 3,897,000,000 -308,000,000 -672,000,000 421,000,000 210,000,000 -391,000,000 396,000,000 85,000,000 -421,000,000 341,000,000 119,000,000 -361,000,000 258,000,000 182,000,000 -1,030,000,000 867,000,000   -836,000,000 -876,000,000 1,880,000,000 -794,000,000 -753,000,000 1,888,000,000 -719,000,000 429,000,000 160,000,000 -536,000,000 
      accrued liabilities and other current assets
    		-367,000,000 -187,000,000 -302,000,000 369,000,000 -568,000,000 26,000,000 -377,000,000 490,000,000 -397,000,000 556,000,000 -369,000,000 253,000,000 -205,000,000 195,000,000 -372,000,000 269,000,000 -107,000,000 310,000,000 -307,000,000 489,000,000 -1,532,000,000 1,449,000,000 -421,000,000 370,000,000 -439,000,000 593,000,000 -513,000,000  -440,000,000 388,000,000 -267,000,000  -462,000,000 226,000,000 -289,000,000  -124,000,000 -18,000,000 -115,000,000 177,000,000 -52,000,000 191,000,000 -117,000,000  -332,000,000 246,000,000 -234,000,000  -16,000,000 106,000,000 -193,000,000  -254,000,000 51,000,000 7,000,000 -266,000,000 154,000,000 -96,000,000 -92,000,000 87,000,000 -176,000,000 -353,000,000 204,000,000 133,000,000 70,000,000 140,000,000 -324,000,000 -367,000,000 1,099,000,000 -1,023,000,000 858,000,000 -281,000,000 -442,000,000 -594,000,000 424,000,000 -427,000,000 343,000,000 256,000,000 -205,000,000 
      accrued settlement charges
    		789,000,000 -1,934,000,000 678,000,000 236,000,000 798,000,000 -2,100,000,000 857,000,000 175,000,000 826,000,000 -2,258,000,000 895,000,000 194,000,000 982,000,000 -2,480,000,000 880,000,000 353,000,000 1,016,000,000 -2,559,000,000 975,000,000 358,000,000 1,135,000,000 -2,348,000,000 1,073,000,000  1,075,000,000 -2,348,000,000 913,000,000 223,000,000 1,126,000,000 -1,387,000,000 1,018,000,000  1,160,000,000 -2,567,000,000 1,089,000,000 272,000,000 1,165,000,000 -2,496,000,000 1,170,000,000 374,000,000 1,010,000,000 -2,345,000,000 1,051,000,000 361,000,000 1,095,000,000 -2,266,000,000 919,000,000  959,000,000 -2,055,000,000 527,000,000 380,000,000 1,052,000,000 -2,354,000,000 1,025,000,000 1,004,000,000 -2,431,000,000 1,033,000,000 1,076,000,000 -2,562,000,000 1,077,000,000 1,066,000,000 -2,826,000,000 1,046,000,000 1,287,000,000 -2,758,000,000 1,181,000,000             
      pension plan contributions
    		-2,000,000 -4,000,000 -5,000,000 -5,000,000 -4,000,000 -5,000,000 -4,000,000 -6,000,000 -3,000,000 -4,000,000 -7,000,000 -9,000,000 -3,000,000 -5,000,000 -3,000,000 -3,000,000 -17,000,000 -3,000,000 -3,000,000 -17,000,000 -5,000,000 -7,000,000 -4,000,000  -37,000,000 -11,000,000 -3,000,000  -8,000,000 -4,000,000 -7,000,000  -8,000,000 -2,000,000 -8,000,000  -514,000,000 -3,000,000 -3,000,000  -14,000,000 -5,000,000 -4,000,000  -4,000,000 -4,000,000 -4,000,000  -26,000,000 -7,000,000 -358,000,000  -24,000,000 -10,000,000 -504,000,000 -27,000,000 -5,000,000 -204,000,000 -11,000,000 -6,000,000 -6,000,000 -16,000,000 -11,000,000 -19,000,000 -20,000,000 -7,000,000 -10,000,000   -53,000,000 -53,000,000 -75,000,000 -446,000,000 -227,000,000 -31,000,000 -770,000,000 -81,000,000 -571,000,000 -138,000,000 
      pension and postretirement
    		-23,000,000 -17,000,000 -20,000,000 -31,000,000 -26,000,000 -21,000,000 -29,000,000 -39,000,000 -34,000,000 -29,000,000 -34,000,000                                                                     
      other
    		129,000,000 84,000,000 109,000,000 -20,000,000 66,000,000 74,000,000 58,000,000 77,000,000 -742,000,000 418,000,000 534,000,000 74,000,000 60,000,000 65,000,000 16,000,000 45,000,000 56,000,000 -11,000,000 59,000,000 172,000,000 62,000,000 76,000,000 453,000,000 35,000,000 141,000,000 34,000,000 201,000,000 70,000,000 -68,000,000 34,000,000 43,000,000 -1,000,000 83,000,000 -79,000,000 16,000,000 -21,000,000 18,000,000 124,000,000 -1,000,000 45,000,000 -3,000,000 56,000,000 84,000,000 62,000,000 74,000,000 29,000,000 43,000,000 95,000,000 -76,000,000 -11,000,000 9,000,000 31,000,000 5,000,000 53,000,000 37,000,000 24,000,000 51,000,000 70,000,000 -15,000,000 -6,000,000 38,000,000 -33,000,000 126,000,000 21,000,000 269,000,000 -29,000,000 19,000,000 253,000,000 -85,000,000 185,000,000 184,000,000 110,000,000 326,000,000 232,000,000 105,000,000 172,000,000 265,000,000 160,000,000 161,000,000 
      net cash from operating activities
    		3,094,000,000 205,000,000 2,720,000,000 3,340,000,000 2,611,000,000 -75,000,000 2,877,000,000 3,227,000,000 2,952,000,000 124,000,000 2,984,000,000 2,619,000,000 3,076,000,000 -514,000,000 3,075,000,000 2,663,000,000 3,063,000,000 -361,000,000 3,040,000,000 2,541,000,000 898,000,000 1,817,000,000 3,129,000,000 2,563,000,000 2,882,000,000 103,000,000 2,289,000,000 1,825,000,000 2,716,000,000 1,041,000,000 2,809,000,000 757,000,000 2,217,000,000 -717,000,000 2,665,000,000 291,000,000 2,442,000,000 -1,631,000,000 2,689,000,000 1,720,000,000 2,843,000,000 -1,251,000,000 2,498,000,000 1,603,000,000 2,301,000,000 -1,366,000,000 2,125,000,000 1,399,000,000 2,406,000,000 -1,223,000,000 1,793,000,000 1,783,000,000 2,205,000,000 -1,922,000,000 1,837,000,000 2,085,000,000 -1,583,000,000 2,062,000,000 1,431,000,000 -1,750,000,000 2,041,000,000 1,872,000,000 -1,908,000,000 2,043,000,000 2,688,000,000 -2,381,000,000 3,601,000,000 3,166,000,000 5,623,000,000 -504,000,000 4,027,000,000 7,808,000,000 -691,000,000 2,889,000,000 5,549,000,000 -483,000,000 4,437,000,000 4,077,000,000 289,000,000 
      cash from investing activities
    		                                                                               
      capital expenditures
    		-54,000,000 -32,000,000 -38,000,000 -47,000,000 -31,000,000 -29,000,000 -35,000,000 -53,000,000 -40,000,000 -48,000,000 -55,000,000 -58,000,000 -64,000,000 -38,000,000 -45,000,000 -67,000,000 -49,000,000 -27,000,000 -26,000,000 -69,000,000 -56,000,000 -54,000,000 -52,000,000  -81,000,000 -41,000,000 -38,000,000  -60,000,000 -38,000,000 -34,000,000  -60,000,000 -58,000,000 -33,000,000  -51,000,000 -51,000,000 -26,000,000  -63,000,000 -51,000,000 -48,000,000 -47,000,000 -56,000,000 -33,000,000 -27,000,000 -41,000,000 -49,000,000 -26,000,000 -15,000,000 -47,000,000 -38,000,000 -23,000,000 -16,000,000 -35,000,000 -27,000,000 -13,000,000 -47,000,000 -31,000,000 -38,000,000 -60,000,000 -69,000,000 -43,000,000  -40,000,000 -45,000,000   -296,000,000 -576,000,000 -518,000,000 -407,000,000 -597,000,000 -537,000,000 -355,000,000 -483,000,000 -389,000,000 -326,000,000 
      free cash flows
    		3,040,000,000 173,000,000 2,682,000,000 3,293,000,000 2,580,000,000 -104,000,000 2,842,000,000 3,174,000,000 2,912,000,000 76,000,000 2,929,000,000 2,561,000,000 3,012,000,000 -552,000,000 3,030,000,000 2,596,000,000 3,014,000,000 -388,000,000 3,014,000,000 2,472,000,000 842,000,000 1,763,000,000 3,077,000,000  2,801,000,000 62,000,000 2,251,000,000  2,656,000,000 1,003,000,000 2,775,000,000  2,157,000,000 -775,000,000 2,632,000,000  2,391,000,000 -1,682,000,000 2,663,000,000  2,780,000,000 -1,302,000,000 2,450,000,000 1,556,000,000 2,245,000,000 -1,399,000,000 2,098,000,000 1,358,000,000 2,357,000,000 -1,249,000,000 1,778,000,000 1,736,000,000 2,167,000,000 -1,945,000,000 1,821,000,000 2,050,000,000 -1,610,000,000 2,049,000,000 1,384,000,000 -1,781,000,000 2,003,000,000 1,812,000,000 -1,977,000,000 2,000,000,000  -2,421,000,000 3,556,000,000   -800,000,000 3,451,000,000 7,290,000,000 -1,098,000,000 2,292,000,000 5,012,000,000 -838,000,000 3,954,000,000 3,688,000,000 -37,000,000 
      proceeds from the abi transaction
    		   0 0 0 2,353,000,000                                                                         
      net cash from investing activities
    		-60,000,000 -36,000,000 -43,000,000 -63,000,000 -41,000,000 -37,000,000 2,316,000,000 -66,000,000 1,641,000,000 -2,802,000,000 -56,000,000 997,000,000 -65,000,000 -116,000,000 -34,000,000 1,254,000,000 -33,000,000 20,000,000 -29,000,000 -36,000,000 -44,000,000 -11,000,000 -52,000,000  -436,000,000 -26,000,000 -1,950,000,000  -56,000,000 -40,000,000 -41,000,000  44,000,000 -16,000,000 -230,000,000 3,673,000,000 98,000,000 -97,000,000 34,000,000  8,000,000 -12,000,000 99,000,000 117,000,000 -42,000,000 26,000,000 76,000,000 117,000,000 246,000,000 51,000,000 188,000,000 192,000,000 218,000,000 223,000,000 287,000,000 84,000,000 98,000,000 -8,000,000 62,000,000 4,000,000 17,000,000 155,000,000 21,000,000 -9,881,000,000  -13,000,000 394,000,000   -386,000,000 247,000,000 -439,000,000 -96,000,000 -450,000,000 -2,108,000,000 -1,648,000,000 -200,000,000 -154,000,000 -368,000,000 
      for the nine months ended september 30,
    		                                                                               
      cash from financing activities
    		                            -1,691,000,000 -1,767,000,000 -1,793,000,000   -2,240,000,000 -1,776,000,000    -1,277,000,000   -1,288,000,000 -2,244,000,000    -1,756,000,000    -1,106,000,000                             
      long-term debt issued
    		995,000,000 0 997,000,000             0 0 0 5,472,000,000 0 0   0 0 0 16,265,000,000         0            3,183,000,000 0   0    0   210,000,000   0 0 4,221,000,000                
      long-term debt repaid
    		0   0 0 0 -1,121,000,000 0 0 -218,000,000 -1,348,000,000 0    0 0 -1,500,000,000 -5,042,000,000 0 0 0 -1,000,000,000                  -1,000,000,000 0 -793,000,000  0 0 -525,000,000            0   0    -990,000,000 -2,824,000,000   -500,000,000 -37,000,000 -1,742,000,000 -414,000,000 -1,022,000,000 -418,000,000 -322,000,000 -33,000,000 -524,000,000 -11,000,000 
      repurchases of common stock
    		-112,000,000 -274,000,000 -326,000,000 -310,000,000 -680,000,000 -10,000,000 -2,400,000,000 -268,000,000 -260,000,000   -374,000,000 -368,000,000 -507,000,000 -576,000,000 -703,000,000 -322,000,000 -325,000,000 -325,000,000      0 -195,000,000 -151,000,000  -367,000,000 -437,000,000 -513,000,000  -759,000,000 -1,049,000,000 -551,000,000  -171,000,000 -173,000,000 -168,000,000  -63,000,000 -263,000,000 -192,000,000  -275,000,000 -132,000,000 -272,000,000  -156,000,000 -135,000,000 -91,000,000  -235,000,000 -94,000,000 -266,000,000 -425,000,000                        
      dividends paid on common stock
    		-1,721,000,000 -1,724,000,000 -1,730,000,000 -1,737,000,000 -1,688,000,000 -1,687,000,000 -1,733,000,000 -1,739,000,000 -1,675,000,000 -1,682,000,000 -1,683,000,000 -1,691,000,000 -1,629,000,000 -1,634,000,000 -1,645,000,000 -1,659,000,000 -1,591,000,000 -1,595,000,000 -1,601,000,000 -1,600,000,000 -1,564,000,000 -1,563,000,000 -1,563,000,000  -1,497,000,000 -1,499,000,000 -1,502,000,000  -1,324,000,000 -1,328,000,000 -1,257,000,000  -1,175,000,000 -1,182,000,000 -1,187,000,000  -1,106,000,000 -1,107,000,000 -1,108,000,000  -1,021,000,000 -1,024,000,000 -1,026,000,000  -952,000,000 -955,000,000 -957,000,000  -883,000,000 -883,000,000 -886,000,000  -834,000,000 -836,000,000 -838,000,000 -790,000,000 -795,000,000 -794,000,000                      
      net cash from financing activities
    		-849,000,000 -3,608,000,000 -1,085,000,000 -2,047,000,000 -2,478,000,000 -1,698,000,000 -5,268,000,000 -1,021,000,000 -3,935,000,000 -373,000,000 -3,045,000,000 -2,065,000,000 -3,103,000,000 -2,141,000,000 -2,232,000,000 -2,361,000,000 -1,919,000,000 -3,577,000,000 -2,172,000,000 -1,683,000,000 -1,564,000,000 -2,576,000,000 427,000,000  -2,637,000,000 -1,696,000,000 1,683,000,000          -1,061,000,000        -1,211,000,000    -1,012,000,000    -1,765,000,000 -929,000,000 -1,238,000,000 -1,190,000,000 117,000,000 -936,000,000 -647,000,000 -690,000,000 -639,000,000 -1,541,000,000 -1,427,000,000 3,780,000,000  -2,004,000,000 -4,323,000,000   -1,705,000,000 -4,224,000,000 -4,316,000,000 -2,993,000,000 -4,702,000,000 1,249,000,000 600,000,000 -2,635,000,000 -2,017,000,000 -577,000,000 
      cash, cash equivalents and restricted cash:
    		                                                                               
      increase
    		2,185,000,000 -3,439,000,000 1,592,000,000 1,230,000,000 92,000,000 -1,810,000,000 -75,000,000 2,140,000,000 658,000,000 -3,051,000,000 -117,000,000 1,551,000,000 -92,000,000 -2,771,000,000 809,000,000 1,556,000,000 1,111,000,000 -3,918,000,000 839,000,000 822,000,000 -710,000,000 -770,000,000 3,504,000,000 515,000,000 -191,000,000 -1,619,000,000 2,022,000,000 -1,059,000,000 969,000,000 -766,000,000 975,000,000    659,000,000    1,446,000,000    353,000,000 1,080,000,000   445,000,000 -1,036,000,000   875,000,000    886,000,000   1,118,000,000   1,419,000,000          82,000,000   -2,304,000,000   1,638,000,000 1,827,000,000 -573,000,000 
      balance at beginning of period
    		0 0 3,158,000,000  0 0 3,721,000,000  0 0 4,091,000,000  0 0 4,594,000,000  0 0 5,006,000,000  0 0 2,160,000,000  0 0 1,433,000,000  0 0 1,314,000,000  0 0 4,569,000,000  0 0 2,369,000,000  0 0 3,321,000,000  0 0 3,175,000,000  0 0 2,900,000,000  0 0 3,270,000,000 0 0 2,314,000,000 0 0 1,871,000,000 0 0 7,916,000,000  0 4,842,000,000   4,781,000,000 0 0 6,258,000,000 0 0 5,744,000,000 0 0 3,777,000,000 
      balance at end of period
    		2,185,000,000 -3,439,000,000 4,750,000,000  92,000,000 -1,810,000,000 3,646,000,000  658,000,000 -3,051,000,000 3,974,000,000  -92,000,000 -2,771,000,000 5,403,000,000  1,111,000,000 -3,918,000,000 5,845,000,000  -710,000,000 -770,000,000 5,664,000,000  -191,000,000 -1,619,000,000 3,455,000,000  969,000,000 -766,000,000 2,289,000,000  327,000,000 -2,973,000,000 5,228,000,000  1,479,000,000 -2,996,000,000 3,815,000,000  784,000,000 -2,551,000,000 3,674,000,000  1,048,000,000 -2,427,000,000 3,620,000,000  1,640,000,000 -1,204,000,000 3,775,000,000  658,000,000 -2,628,000,000 4,156,000,000 979,000,000 -1,368,000,000 3,432,000,000 846,000,000 -2,436,000,000 3,290,000,000 486,000,000 -3,314,000,000 3,858,000,000  -4,398,000,000 4,813,000,000   2,189,000,000 82,000,000 3,122,000,000 2,491,000,000 -2,304,000,000 4,291,000,000 4,208,000,000 1,638,000,000 1,827,000,000 3,204,000,000 
      the following table provides a reconciliation of cash, cash equivalents and restricted cash to the amounts reported on our condensed consolidated balance sheets:
    		                                                                               
      cash and cash equivalents
    		2,185,000,000 -3,439,000,000 4,726,000,000 1,230,000,000 98,000,000 -1,809,000,000 3,608,000,000 2,149,000,000 663,000,000 -3,039,000,000 3,913,000,000 1,547,000,000 -84,000,000 -2,786,000,000 5,353,000,000 1,587,000,000 1,080,000,000 -3,915,000,000 5,792,000,000 822,000,000 -703,000,000 -790,000,000 5,616,000,000 513,000,000 -192,000,000 -1,556,000,000 3,352,000,000 -1,060,000,000 963,000,000 -761,000,000 2,191,000,000                                                 
      restricted cash included in other current assets
    		0 8,000,000 1,000,000 0 -1,000,000 1,000,000 8,000,000 -5,000,000 -5,000,000 -15,000,000 30,000,000 0 -9,000,000     0 5,000,000 0 -10,000,000 8,000,000 3,000,000  -5,000,000 -62,000,000 68,000,000 -2,000,000 2,000,000 16,000,000 41,000,000                                                 
      restricted cash included in other assets
    		0 -8,000,000 23,000,000 0 -5,000,000 -2,000,000 30,000,000 -4,000,000 0 3,000,000 31,000,000 4,000,000 1,000,000 -9,000,000 50,000,000 5,000,000 0 -3,000,000 48,000,000 0 3,000,000 12,000,000 45,000,000 3,000,000 6,000,000 -1,000,000 35,000,000 3,000,000 4,000,000 -21,000,000 57,000,000                                                 
      cash, cash equivalents and restricted cash
    		2,185,000,000 -3,439,000,000 4,750,000,000 1,230,000,000 92,000,000 -1,810,000,000 3,646,000,000 2,140,000,000 658,000,000 -3,051,000,000 3,974,000,000 1,551,000,000 -92,000,000 -2,771,000,000 5,403,000,000 1,556,000,000 1,111,000,000 -3,918,000,000 5,845,000,000 822,000,000 -710,000,000 -770,000,000 5,664,000,000 515,000,000 -191,000,000 -1,619,000,000 3,455,000,000 -1,059,000,000 969,000,000 -766,000,000 2,289,000,000                                                 
      for the six months ended june 30,
    		                                                                               
      for the three months ended march 31,
    		  2,025,000,000    2,024,000,000    2,023,000,000    2,022,000,000    2,021,000,000                                                             
      asset impairment and exit costs
    		                                                                               
      proceeds from the sale of iqos system commercialization rights
    		       0                                                                        
      acquisition of njoy, net of cash acquired
    		       0 -1,000,000                                                                       
      for the years ended december 31,
    		                                                                               
      proceeds from short-term borrowings
    		       0 0           0 0 0 3,000,000,000                                                         
      repayment of short-term borrowings
    		       0            0 0    0 0 -12,800,000,000                                                     
      balance at beginning of year
    		                                                                               
      balance at end of year
    		                                                                               
      supplemental cash flow information:
    		                                                                               
      cash paid:
    		                                                                               
      interest
    		                                                                               
      non-cash investing activities:
    		                                                                               
      deferred proceeds from the sale of iqos system commercialization rights
    		                                                                               
      the following table provides a reconciliation of cash, cash equivalents and restricted cash to the amounts reported on our consolidated balance sheets:
    		                                                                               
      at december 31,
    		                                                                               
      asset impairment
    		    0                                                                           
      loss on cronos-related financial instruments
    		                   -62,000,000 105,000,000 -40,000,000 137,000,000 115,000,000 636,000,000 266,000,000 425,000,000                                                     
      loss on early extinguishment of debt
    		               0 0 0 649,000,000                 0    0 0 0 228,000,000         0             0 0 393,000,000             
      proceeds from the ste. michelle transaction, net of cash transferred
    		                                                                               
      premiums and fees related to early extinguishment of debt
    		               0 0 0 -623,000,000                      0 0 -226,000,000                                     
      impairment of juul equity securities
    		                   0    4,100,000,000                                                        
      adjustments to reconcile net earnings (losses) to operating cash flows:
    		                                                                               
      (gain) loss on cronos-related financial instruments
    		            0 4,000,000 10,000,000  135,000,000 103,000,000 -110,000,000                                                             
      pension and postretirement (income) cost
    		                                                                               
      the following table provides a reconciliation of cash, cash equivalents and restricted cash to the amounts reported on altria’s condensed consolidated balance sheets:
    		                                                                               
      (income) losses from equity investments
    		             1,263,000,000 -34,000,000 190,000,000 5,915,000,000 -75,000,000 -51,000,000                                                             
      pension provisions and postretirement
    		             -39,000,000 -35,000,000 -48,000,000 -54,000,000 -41,000,000 -32,000,000 -14,000,000 3,000,000 -18,000,000 -20,000,000  -24,000,000 -10,000,000 -8,000,000  -17,000,000    -34,000,000 -21,000,000 -15,000,000  -13,000,000 -25,000,000 -18,000,000 36,000,000 23,000,000 30,000,000 25,000,000 4,000,000 2,000,000 4,000,000 11,000,000 44,000,000 39,000,000 46,000,000 48,000,000 58,000,000 49,000,000 54,000,000 31,000,000 60,000,000 59,000,000 63,000,000 38,000,000 63,000,000 50,000,000 -70,000,000 66,000,000 69,000,000 14,000,000 39,000,000 39,000,000 76,000,000 58,000,000 92,000,000 200,000,000 189,000,000 213,000,000 172,000,000 204,000,000 189,000,000    
      deferred income tax benefit
    		                          -72,000,000        -23,000,000    -32,000,000    -40,000,000  -15,000,000 -8,000,000 -13,000,000      -44,000,000 -973,000,000 -297,000,000 -110,000,000 -419,000,000 -110,000,000 6,000,000 -27,000,000 -167,000,000 -78,000,000 -66,000,000 -358,000,000 -157,000,000 186,000,000 -305,000,000   -234,000,000 -237,000,000 240,000,000 -272,000,000 -194,000,000 -19,000,000 -86,000,000   -37,000,000 
      acquisitions of businesses and assets
    		                                                                               
      investment in cronos
    		                        -31,000,000 -1,000,000 -1,831,000,000                                                     
      the following table provides a reconciliation of cash, cash equivalents and restricted cash to the amounts reported on altria’s consolidated balance sheets:
    		                                                                               
      cash included in assets held for sale
    		                                                                               
      loss on abi/sabmiller business combination
    		                                                                               
      investment in juul
    		                                                                               
      (earnings) losses from equity investments
    		                                                                               
      earnings from equity investments
    		                     -9,000,000 -157,000,000  -333,000,000                                                       
      (gain) loss on abi/sabmiller business combination
    		                                                                               
      pension and postretirement plans contributions
    		                                                                               
      earnings from equity investment in ab inbev
    		                          -86,000,000  -189,000,000 -228,000,000 -342,000,000                                                 
      loss on ab inbev/sabmiller business combination
    		                              33,000,000                                                 
      earnings from equity investment in ab inbev/sabmiller
    		                                -169,000,000 -140,000,000 -23,000,000                                             
      gain on ab inbev/sabmiller business combination
    		                           0 0    -37,000,000                                               
      dividends from ab inbev/sabmiller
    		                               372,000,000                                                
      proceeds from finance assets
    		                               0 88,000,000 43,000,000 2,000,000 24,000,000 151,000,000 0 56,000,000 99,000,000 70,000,000 38,000,000 147,000,000 179,000,000 1,000,000 91,000,000 98,000,000 157,000,000 285,000,000 71,000,000 203,000,000 236,000,000 261,000,000 249,000,000 303,000,000 119,000,000 125,000,000 4,000,000 47,000,000 32,000,000 40,000,000 214,000,000 89,000,000 464,000,000  26,000,000 122,000,000   199,000,000 137,000,000 32,000,000 170,000,000 126,000,000 291,000,000 29,000,000 221,000,000 231,000,000 153,000,000 
      proceeds from ab inbev/sabmiller business combination
    		                                                                               
      purchase of ab inbev ordinary shares
    		                                                                               
      proceeds from derivative financial instruments
    		                                                                               
      cash paid: interest
    		                                                                               
      dividends from ab inbev
    		                            0                                                   
      the following table provides a reconciliation of cash, cash equivalents and restricted cash to the amounts reported on altria group, inc.’s condensed consolidated balance sheets:
    		                                                                               
      payment for derivative financial instruments
    		                                                                               
      cash and cash equivalents:
    		                                                                               
      decrease
    		                                327,000,000    1,479,000,000    784,000,000                  846,000,000   486,000,000 -3,314,000,000 -4,058,000,000  -4,398,000,000 -29,000,000   -2,592,000,000   -3,767,000,000   -1,536,000,000    
      earnings from equity investment in sabmiller
    		                                    -299,000,000 -199,000,000 -66,000,000  -187,000,000 -225,000,000 -134,000,000  -328,000,000 -200,000,000 -225,000,000  -255,000,000 -227,000,000 -256,000,000  -230,000,000 -565,000,000 -178,000,000 -208,000,000 -155,000,000 -189,000,000 -186,000,000 -113,000,000 -138,000,000 -119,000,000                  
      cash effects of changes, net of the effects from acquisition of green smoke:
    		                                                                               
      acquisition of green smoke, net of acquired cash
    		                                            0                                   
      dividends from sabmiller
    		                                       121,000,000    112,000,000    108,000,000    103,000,000                            
      gain on derivative financial instruments
    		                                                                               
      gain on derivative financial instrument
    		                                                                               
      payment for derivative financial instrument
    		                                                                               
      irs payment related to the closing agreement
    		                                                                               
      financing fees and debt issuance costs
    		                                                -4,000,000       -1,000,000   -1,000,000   0 0 -132,000,000                
      pmcc leveraged lease charges
    		                                                   0 0                           
      issuances of common stock
    		                                                       0 8,000,000 21,000,000                      
      tender premiums and fees related to early extinguishment of debt
    		                                                                               
      irs payment related to lilo and silo transactions
    		                                                    0                           
      consumer products
    		                                                                               
      financial services
    		                                                                               
      net increase to allowance for losses
    		                                                                               
      other liabilities - income taxes
    		                                                                               
      net earnings - consumer products
    		                                                    604,000,000 1,362,000,000 949,000,000 1,114,000,000 1,037,000,000 925,000,000 1,117,000,000 1,020,000,000 804,000,000          2,811,000,000 2,749,000,000 3,415,000,000 2,962,000,000 2,623,000,000 2,570,000,000 2,614,000,000   
      - financial services
    		                                                    53,000,000 86,000,000 24,000,000 60,000,000 -593,000,000 13,000,000 14,000,000 23,000,000 9,000,000 38,000,000 48,000,000 71,000,000  14,000,000 42,000,000 28,000,000 85,000,000 97,000,000 64,000,000 -38,000,000 62,000,000 -79,000,000 44,000,000 26,000,000 34,000,000 74,000,000 43,000,000 
      decrease to allowance for losses
    		                                                    0                           
      other liabilities
    		                                                    -53,000,000                           
      pmcc leveraged lease charge
    		                                                       0                        
      issuances of short-term borrowings
    		                                                                               
      cash effects of changes, net of the effects from acquired companies:
    		                                                                               
      acquisition of ust, net of acquired cash
    		                                                                               
      investments in finance assets
    		                                                             0        -1,000,000 -5,000,000 -6,000,000 -2,000,000 -1,000,000   -7,000,000   
      net issuance of short-term borrowings
    		                                                           0 200,000,000  -442,000,000 630,000,000           3,151,000,000 2,599,000,000  86,000,000 874,000,000 
      dividends paid
    		                                                                               
      issuance of common stock
    		                                                                               
      acquisition of ust llc, net of acquired cash
    		                                                             0                  
      dividends paid on altria group, inc. common stock
    		                                                           -729,000,000 -706,000,000 -663,000,000 -663,000,000 -661,000,000  -1,585,000,000 -1,583,000,000   -1,805,000,000 -1,673,000,000 -1,672,000,000 -1,667,000,000 -1,514,000,000 -1,510,000,000 -1,503,000,000 -1,395,000,000 -1,393,000,000 -1,385,000,000 
      issuance of altria group, inc. common stock
    		                                                           18,000,000 21,000,000 6,000,000 40,000,000 11,000,000  37,000,000 35,000,000   245,000,000 213,000,000 124,000,000 84,000,000 228,000,000 243,000,000 330,000,000 39,000,000 73,000,000 430,000,000 
      exit costs, net of cash paid
    		                                                            -77,000,000 13,000,000 -67,000,000 55,000,000                
      earnings from continuing operations - consumer products
    		                                                             844,000,000 963,000,000 518,000,000  916,000,000 572,000,000 2,605,000,000 2,130,000,000 2,028,000,000          
      earnings from discontinued operations, net of income taxes
    		                                                                               
      impact of earnings from discontinued operations, net of income taxes
    		                                                                               
      adjustments to reconcile net earnings attributable to altria group, inc. to operating cash flows:
    		                                                                               
      gain on sale of corporate headquarters building
    		                                                                0 0 -404,000,000             
      cash effects of changes, net of the effects from acquired and divested companies:
    		                                                                               
      net cash from operating activities, continuing operations
    		                                                             1,872,000,000 -1,908,000,000 2,043,000,000 2,688,000,000 -2,381,000,000 1,935,000,000 3,166,000,000 5,623,000,000 -665,000,000          
      net cash from operating activities, discontinued operations
    		                                                                0 0 1,666,000,000 0 0 161,000,000          
      proceeds from sale of corporate headquarters building
    		                                                                 0 525,000,000             
      net cash from investing activities, continuing operations
    		                                                             155,000,000 21,000,000 -9,881,000,000  -13,000,000 711,000,000   -412,000,000          
      net cash from investing activities, discontinued operations
    		                                                                 0 -317,000,000   26,000,000          
      net repayment of short-term borrowings
    		                                                                               
      repurchase of altria group, inc. common stock
    		                                                                               
      philip morris international inc. dividends paid to altria group, inc.
    		                                                                 0 3,019,000,000             
      tender and consent fees related to the early extinguishment of debt
    		                                                                 0 -371,000,000             
      changes in amounts due to/from philip morris international inc.
    		                                                                 -22,000,000 -699,000,000             
      net cash from financing activities, continuing operations
    		                                                             -1,541,000,000 -1,427,000,000 3,780,000,000  -2,004,000,000 -2,675,000,000   -1,529,000,000          
      net cash from financing activities, discontinued operations
    		                                                                 0 -1,648,000,000   -176,000,000          
      effect of exchange rate changes on cash and cash equivalents:
    		                                                                               
      discontinued operations
    		                                                                 0 -126,000,000   1,000,000          
      cash and cash equivalents, continuing operations:
    		                                                                               
      earnings from discontinued operations
    		                                                                               
      impact of earnings from discontinued operations
    		                                                                               
      equity earnings in sabmiller
    		                                                               -106,000,000 -54,000,000 -147,000,000 -143,000,000             
      acquisition of ust inc., net of acquired cash
    		                                                               -10,244,000,000                
      earnings from continuing operations
    		                                                                               
      earnings from discontinued operations, net of income taxes and minority interest
    		                                                                0 0 1,840,000,000 0 0 625,000,000          
      impact of earnings from discontinued operations, net of income taxes and minority interest
    		                                                                0 0 -1,840,000,000   -625,000,000          
      kraft foods inc. dividends paid to altria group, inc.
    		                                                                     364,000,000          
      equity earnings and minority interest
    		                                                                     -40,000,000          
      u.s. tobacco headquarters relocation charges, net of cash paid
    		                                                                               
      escrow bond for the price u.s. tobacco case
    		                                                                               
      income tax reserve reversal
    		                                                                      0 0 -1,006,000,000       
      u.s. tobacco accrued settlement charges
    		                                                                               
      benefit from airline industry exposure
    		                                                                      0         
      purchases of businesses, net of acquired cash
    		                                                                     -382,000,000    -2,000,000 -3,372,000,000 -1,523,000,000 -6,000,000 -19,000,000 -152,000,000 
      proceeds from sales of businesses
    		                                                                      658,000,000 3,000,000 98,000,000 12,000,000 1,450,000,000 190,000,000    
      net issuance (repayment) of short-term borrowings
    		                                                                     14,000,000          
      long-term borrowings by pmi
    		                                                                     530,000,000          
      continuing operations
    		                                                                     14,000,000          
      escrow bond for the price domestic tobacco case
    		                                                                        -210,000,000 -210,000,000   0 -410,000,000 -200,000,000 
      domestic tobacco accrued settlement charges
    		                                                                     -2,357,000,000 1,118,000,000 1,102,000,000 -2,378,000,000 1,084,000,000 1,099,000,000 -2,376,000,000 1,068,000,000   
      minority interest in earnings from continuing operations, and equity earnings
    		                                                                      47,000,000 38,000,000 70,000,000       
      domestic tobacco headquarters relocation charges, net of cash paid
    		                                                                      0   -2,000,000 -2,000,000 -5,000,000 -9,000,000 -5,000,000 -2,000,000 
      domestic tobacco loss on u.s. tobacco pool, net of cash paid
    		                                                                               
      domestic tobacco quota buy-out
    		                                                                               
      escrow bond for the price domestic tobacco case, net of cash paid
    		                                                                      0         
      integration costs, net of cash paid
    		                                                                            0   
      loss on sale of discontinued operations
    		                                                                         0      
      gain on redemption of united biscuits investment
    		                                                                               
      losses (gains) on sales of businesses
    		                                                                      3,000,000 8,000,000 3,000,000       
      net (repayment) issuance of short-term borrowings
    		                                                                        -211,000,000       
      long-term debt proceeds
    		                                                                      17,000,000 21,000,000 11,000,000 18,000,000 17,000,000 17,000,000 31,000,000 18,000,000 10,000,000 
      repurchase of kraft foods inc. common stock
    		                                                                      -310,000,000 -318,000,000 -315,000,000 -408,000,000 -208,000,000 -167,000,000 -167,000,000 -162,000,000 -152,000,000 
      effect of exchange rate changes on cash and cash equivalents
    		                                                                      32,000,000 69,000,000 13,000,000 -41,000,000 -399,000,000 -5,000,000 36,000,000 -79,000,000 83,000,000 
      minority interest in earnings and equity earnings
    		                                                                         28,000,000 47,000,000 20,000,000    
      domestic tobacco legal settlement, net of cash paid
    		                                                                            0   
      (gains) losses on sales of businesses
    		                                                                               
      international tobacco e.c. agreement, net of cash paid
    		                                                                               
      gains on sales of businesses
    		                                                                          1,000,000 -116,000,000    
      minority interest in earnings and other
    		                                                                            -73,000,000 29,000,000 48,000,000 
      settlement charges
    		                                                                              -2,265,000,000 
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.