ALTRIA GROUP, INC. 10-Q

Financial Statements (unaudited)

Item 1. Financial Statements Altria Group, Inc. and Subsidiaries Condensed Consolidated Balance Sheets (in millions of dollars) (Unaudited) ______________________________ June 30, 2026 December 31, 2025 Assets Cash and cash equivalents $ 2,367 $ 4,474 Receivables 306 263 Inventories: Leaf tobacco 420 531 Other raw materials 277 245 Work in process 18 13 Finished product 345 281 1,060 1,070 Other current assets 289 125 Total current assets 4,022 5,932 Property, plant and equipment, at cost 4,767 4,672 Less accumulated depreciation 3,010 2,962 1,757 1,710 Goodwill 5,787 5,787 Other intangible assets, net 11,850 11,876 Investments in equity securities 8,896 8,617 Other assets 1,062 1,095 Total Assets $ 33,374 $ 35,017 See notes to condensed consolidated financial statements. 3 Table of Contents Altria Group, Inc. and Subsidiaries Condensed Consolidated Balance Sheets (Continued) (in millions of dollars, except share and per share data) (Unaudited) ________________________________________________ June 30, 2026 December 31, 2025 Liabilities Current portion of long-term debt $ 1,684 $ 1,569 Accounts payable 684 750 Accrued liabilities: Marketing 1,089 928 Settlement charges 1,169 2,178 Other 1,367 1,947 Dividends payable 1,777 1,782 Total current liabilities 7,770 9,154 Long-term debt 22,893 24,140 Deferred income taxes 3,472 3,370 Accrued pension costs 119 122 Accrued postretirement health care costs 938 939 Other liabilities 800 744 Total liabilities 35,992 38,469 Contingencies (Note 12) Stockholders’ Equity (Deficit) Common stock, par value $0.33 1/3 per share ( 2,805,961,317 shares issued) 935 935 Additional paid-in capital 5,901 5,921 Earnings reinvested in the business 36,382 35,452 Accumulated other comprehensive losses ( 2,381 ) ( 2,627 ) Cost of repurchased stock ( 1,136,217,391 shares at June 30, 2026 and 1,131,643,020 shares at December 31, 2025) ( 43,505 ) ( 43,183 ) Total stockholders’ equity (deficit) attributable to Altria ( 2,668 ) ( 3,502 ) Noncontrolling interest 50 50 Total stockholders’ equity (deficit) ( 2,618 ) ( 3,452 ) Total Liabilities and Stockholders’ Equity (Deficit) $ 33,374 $ 35,017 See notes to condensed consolidated financial statements. 4 Table of Contents Altria Group, Inc. and Subsidiaries Condensed Consolidated Statements of Earnings (in millions of dollars, except per share data) (Unaudited) ____________________________________