Altria Group Inc., adjusted current assets

US$ in millions

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
As Reported
Current assets	5,585)	7,220)	6,083)	7,117)	4,824)
Adjustments
Add: LIFO reserve¹	700)	700)	600)	600)	600)
After Adjustment
Adjusted current assets	6,285)	7,920)	6,683)	7,717)	5,424)

¹ LIFO reserve. See details »

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Altria Group Inc., adjusted total assets

US$ in millions

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
As Reported
Total assets	38,570)	36,954)	39,523)	47,414)	49,271)
Adjustments
Add: LIFO reserve¹	700)	700)	600)	600)	600)
Less: Deferred income tax assets²	28)	75)	27)	99)	60)
After Adjustment
Adjusted total assets	39,242)	37,579)	40,096)	47,915)	49,811)

¹ LIFO reserve. See details »

² Deferred income tax assets. See details »

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Altria Group Inc., adjusted total liabilities

US$ in millions

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
As Reported
Total liabilities	42,060)	40,877)	41,129)	44,449)	42,914)
Adjustments
Less: Deferred income tax liabilities¹	2,799)	2,897)	3,692)	4,532)	5,083)
After Adjustment
Adjusted total liabilities	39,261)	37,980)	37,437)	39,917)	37,831)

¹ Deferred income tax liabilities. See details »

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Altria Group Inc., adjusted stockholders’ equity (deficit) attributable to Altria

US$ in millions

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
As Reported
Stockholders’ equity (deficit) attributable to Altria	(3,540)	(3,973)	(1,606)	2,839)	6,222)
Adjustments
Less: Net deferred income tax assets (liabilities)¹	(2,771)	(2,822)	(3,665)	(4,433)	(5,023)
Add: LIFO reserve²	700)	700)	600)	600)	600)
Add: Redeemable noncontrolling interest	—)	—)	—)	40)	38)
Add: Noncontrolling interests	50)	50)	—)	86)	97)
After Adjustment
Adjusted total stockholders’ equity (deficit)	(19)	(401)	2,659)	7,998)	11,980)

¹ Net deferred income tax assets (liabilities). See details »

² LIFO reserve. See details »

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Altria Group Inc., adjusted capitalization table

US$ in millions

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
As Reported
Current portion of long-term debt	1,121)	1,556)	1,105)	1,500)	1,000)
Long-term debt, excluding current portion	25,112)	25,124)	26,939)	27,971)	27,042)
Total reported debt	26,233)	26,680)	28,044)	29,471)	28,042)
Stockholders’ equity (deficit) attributable to Altria	(3,540)	(3,973)	(1,606)	2,839)	6,222)
Total reported capital	22,693)	22,707)	26,438)	32,310)	34,264)
Adjustments to Equity
Less: Net deferred income tax assets (liabilities)¹	(2,771)	(2,822)	(3,665)	(4,433)	(5,023)
Add: LIFO reserve²	700)	700)	600)	600)	600)
Add: Redeemable noncontrolling interest	—)	—)	—)	40)	38)
Add: Noncontrolling interests	50)	50)	—)	86)	97)
Adjusted total stockholders’ equity (deficit)	(19)	(401)	2,659)	7,998)	11,980)
After Adjustment
Adjusted total capital	26,214)	26,279)	30,703)	37,469)	40,022)

¹ Net deferred income tax assets (liabilities). See details »

² LIFO reserve. See details »

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Altria Group Inc., adjusted net earnings (losses) attributable to Altria

US$ in millions

12 months ended:	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
As Reported
Net earnings (losses) attributable to Altria	8,130)	5,764)	2,475)	4,467)	(1,293)
Adjustments
Add: Deferred income tax expense (benefit)¹	(230)	(947)	(1,160)	(164)	(95)
Add: Increase (decrease) in LIFO reserve²	—)	100)	—)	—)	(100)
Add: Other comprehensive earnings (losses), net of deferred income taxes	98)	285)	1,285)	(1,477)	(317)
Add: Comprehensive income (loss), net of tax, attributable to noncontrolling interest	—)	—)	—)	(13)	(5)
After Adjustment
Adjusted net earnings (losses)	7,998)	5,202)	2,600)	2,813)	(1,810)

¹ Deferred income tax expense (benefit). See details »

² Increase (decrease) in LIFO reserve. See details »

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Altria Group Inc. (NYSE:MO)

Adjustments to Financial Statements