Balance Sheet: Liabilities and Stockholders’ Equity

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

Altria Group Inc., consolidated balance sheet: liabilities and stockholders’ equity

US$ in millions

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Current portion of long-term debt	1,121)	1,556)	1,105)	1,500)	1,000)
Accounts payable	582)	552)	449)	380)	325)
Marketing	716)	599)	664)	523)	393)
Settlement charges	2,563)	2,925)	3,349)	3,564)	3,346)
Other	1,902)	1,299)	1,365)	1,494)	1,545)
Accrued liabilities	5,181)	4,823)	5,378)	5,581)	5,284)
Deferred gain from the sale of IQOS System commercialization rights	2,700)	—)	—)	—)	—)
Dividends payable	1,735)	1,685)	1,647)	1,602)	1,565)
Current liabilities	11,319)	8,616)	8,579)	9,063)	8,174)
Long-term debt, excluding current portion	25,112)	25,124)	26,939)	27,971)	27,042)
Deferred income taxes	2,799)	2,897)	3,692)	4,532)	5,083)
Accrued pension costs	130)	133)	200)	551)	473)
Accrued postretirement health care costs	1,079)	1,083)	1,436)	1,951)	1,797)
Deferred gain from the sale of IQOS System commercialization rights	—)	2,700)	—)	—)	—)
Other liabilities	1,621)	324)	283)	381)	345)
Non-current liabilities	30,741)	32,261)	32,550)	35,386)	34,740)
Total liabilities	42,060)	40,877)	41,129)	44,449)	42,914)
Redeemable noncontrolling interest	—)	—)	—)	40)	38)
Common stock, par value $0.33 1/3 per share	935)	935)	935)	935)	935)
Additional paid-in capital	5,906)	5,887)	5,857)	5,910)	5,970)
Earnings reinvested in the business	31,094)	29,792)	30,664)	34,679)	36,539)
Accumulated other comprehensive losses	(2,673)	(2,771)	(3,056)	(4,341)	(2,864)
Cost of repurchased stock	(38,802)	(37,816)	(36,006)	(34,344)	(34,358)
Stockholders’ equity (deficit) attributable to Altria	(3,540)	(3,973)	(1,606)	2,839)	6,222)
Noncontrolling interests	50)	50)	—)	86)	97)
Total stockholders’ equity (deficit)	(3,490)	(3,923)	(1,606)	2,925)	6,319)
Total liabilities and stockholders’ equity (deficit)	38,570)	36,954)	39,523)	47,414)	49,271)

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

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Balance sheet item	Description	The company
Current liabilities	Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer.	Altria Group Inc. current liabilities increased from 2021 to 2022 and from 2022 to 2023.
Non-current liabilities	Amount of obligation due after one year or beyond the normal operating cycle, if longer.	Altria Group Inc. non-current liabilities decreased from 2021 to 2022 and from 2022 to 2023.
Total liabilities	Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future.	Altria Group Inc. total liabilities decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.
Stockholders’ equity (deficit) attributable to Altria	Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.	Altria Group Inc. stockholders’ equity (deficit) attributable to Altria decreased from 2021 to 2022 but then slightly increased from 2022 to 2023.

Altria Group Inc. (NYSE:MO)

Balance Sheet: Liabilities and Stockholders’ Equity