2019 Q1 Form 10-K Financial Statement

#000076418019000023 Filed on February 26, 2019

View on sec.gov

Income Statement

Concept 2019 Q1 2018 2017 Q4
Revenue $5.628B $25.36B $6.101B
YoY Change -7.86% -0.83% -2.42%
Cost Of Revenue $1.578B $7.373B $3.201B
YoY Change -9.0% -2.1% -6.51%
Gross Profit $2.811B $12.25B $2.902B
YoY Change -4.26% 2.43% 2.62%
Gross Profit Margin 49.95% 48.31% 47.57%
Selling, General & Admin $509.0M $2.643B $601.0M
YoY Change -14.31% 16.64% -22.85%
% of Gross Profit 18.11% 21.57% 20.71%
Research & Development $252.0M
YoY Change 4.56%
% of Gross Profit 2.06%
Depreciation & Amortization $53.00M $227.0M $54.00M
YoY Change 0.0% 8.61% -1.82%
% of Gross Profit 1.89% 1.85% 1.86%
Operating Expenses $509.0M $252.0M $601.0M
YoY Change -14.31% 4.56% -22.85%
Operating Profit $2.238B $9.115B $2.301B
YoY Change -3.37% -4.98% 12.3%
Interest Expense -$198.0M $697.0M $20.00M
YoY Change -212.5% -5.3% -113.33%
% of Operating Profit -8.85% 7.65% 0.87%
Other Income/Expense, Net $13.00M $34.00M -$74.00M
YoY Change 85.71% -191.89%
Pretax Income $1.516B $9.341B $2.183B
YoY Change -38.52% -4.96% -86.1%
Income Tax $395.0M $2.374B $582.0M
% Of Pretax Income 26.06% 25.41% 26.66%
Net Earnings $1.120B $6.963B $4.966B
YoY Change -40.87% -31.88% -51.67%
Net Earnings / Revenue 19.9% 27.45% 81.4%
Basic Earnings Per Share $0.60 $3.69
Diluted Earnings Per Share $0.60 $3.68 $2.610M
COMMON SHARES
Basic Shares Outstanding 1.874B shares 1.887B shares 1.908B shares
Diluted Shares Outstanding 1.888B shares

Balance Sheet

Concept 2019 Q1 2018 2017 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.352B $1.333B $1.253B
YoY Change 52.99% 6.38% -72.58%
Cash & Equivalents $3.352B $1.333B $1.253B
Short-Term Investments
Other Short-Term Assets $393.0M $326.0M $263.0M
YoY Change 61.73% 23.95% 19.55%
Inventory $2.356B $2.331B $2.225B
Prepaid Expenses
Receivables $158.0M $142.0M $142.0M
Other Receivables $3.000M $167.0M $461.0M
Total Short-Term Assets $6.262B $4.299B $4.344B
YoY Change 29.81% -1.04% -40.17%
LONG-TERM ASSETS
Property, Plant & Equipment $1.922B $1.938B $1.914B
YoY Change 1.64% 1.25% -2.25%
Goodwill $5.196B $5.307B
YoY Change -2.09% 0.42%
Intangibles $12.33B $12.40B
YoY Change -0.59% 3.02%
Long-Term Investments $32.02B $30.50B $17.95B
YoY Change 75.92% 61.77% 0.56%
Other Assets $1.511B $1.251B $1.285B
YoY Change 256.37% 224.09% 150.49%
Total Long-Term Assets $52.97B $51.16B $38.86B
YoY Change 35.56% 31.66% 0.48%
TOTAL ASSETS
Total Short-Term Assets $6.262B $4.299B $4.344B
Total Long-Term Assets $52.97B $51.16B $38.86B
Total Assets $59.23B $55.46B $43.20B
YoY Change 34.93% 28.37% -5.94%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $205.0M $399.0M $374.0M
YoY Change 0.99% 6.68% -12.0%
Accrued Expenses $6.036B $5.155B $4.296B
YoY Change 18.87% 20.0% -25.44%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $12.70B $0.00
YoY Change
Long-Term Debt Due $2.144B $1.144B $864.0M
YoY Change 148.15% 32.41%
Total Short-Term Liabilities $10.12B $21.19B $6.792B
YoY Change 35.37% 212.03% -7.91%
LONG-TERM LIABILITIES
Long-Term Debt $27.02B $11.90B $13.03B
YoY Change 107.35% -8.69% -6.13%
Other Long-Term Liabilities $357.0M $2.547B $283.0M
YoY Change 20.61% -6.19% -33.72%
Total Long-Term Liabilities $27.38B $14.45B $13.31B
YoY Change 105.42% -8.26% -6.95%
TOTAL LIABILITIES
Total Short-Term Liabilities $10.12B $21.19B $6.792B
Total Long-Term Liabilities $27.38B $14.45B $13.31B
Total Liabilities $45.11B $40.67B $27.78B
YoY Change 58.49% 46.17% -16.11%
SHAREHOLDERS EQUITY
Retained Earnings $43.58B $42.25B
YoY Change 1.79% 14.48%
Common Stock $6.878B $6.887B
YoY Change 0.07% 0.86%
Preferred Stock
YoY Change
Treasury Stock (at cost) $33.66B $31.86B
YoY Change 4.0% 10.21%
Treasury Stock Shares 934.2M shares 904.7M shares
Shareholders Equity $14.08B $14.79B $15.38B
YoY Change
Total Liabilities & Shareholders Equity $59.23B $55.46B $43.20B
YoY Change 34.93% 28.37% -5.94%

Cashflow Statement

Concept 2019 Q1 2018 2017 Q4
OPERATING ACTIVITIES
Net Income $1.120B $6.963B $4.966B
YoY Change -40.87% -31.88% -51.67%
Depreciation, Depletion And Amortization $53.00M $227.0M $54.00M
YoY Change 0.0% 8.61% -1.82%
Cash From Operating Activities $2.289B $8.391B $757.0M
YoY Change -18.51% 71.21% 160.14%
INVESTING ACTIVITIES
Capital Expenditures $38.00M $238.0M -$48.00M
YoY Change 11.76% 19.6% -21.31%
Acquisitions $15.00M
YoY Change -96.39%
Other Investing Activities $81.00M -$65.00M -$217.0M
YoY Change 1057.14% -55.78% -105.81%
Cash From Investing Activities -$1.950B -$12.99B -$265.0M
YoY Change 4656.1% 2681.16% -107.21%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $151.0M $1.673B
YoY Change -70.57% -42.65%
Debt Paid & Issued, Net $0.00 $864.0M
YoY Change
Cash From Financing Activities $1.683B $4.716B -1.821B
YoY Change -193.87% -160.69% 7.56%
NET CHANGE
Cash From Operating Activities $2.289B $8.391B 757.0M
Cash From Investing Activities -$1.950B -$12.99B -265.0M
Cash From Financing Activities $1.683B $4.716B -1.821B
Net Change In Cash $2.022B $119.0M -1.329B
YoY Change 107.38% -103.57% -158.52%
FREE CASH FLOW
Cash From Operating Activities $2.289B $8.391B $757.0M
Capital Expenditures $38.00M $238.0M -$48.00M
Free Cash Flow $2.251B $8.153B $805.0M
YoY Change -18.88% 73.39% 128.69%

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CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
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31000000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
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35000000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
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34000000 USD
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27000000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Receivable Current
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5000000 USD
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5000000 USD
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5000000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Three Years
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5000000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Two Years
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5000000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Receivable Thereafter
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CY2018Q4 us-gaap Other Accrued Liabilities Current
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263000000 USD
CY2018Q4 us-gaap Other Assets Current
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CY2018Q4 us-gaap Other Assets Noncurrent
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CY2017 us-gaap Other Comprehensive Income Defined Benefit Plan Net Prior Service Cost Credit Arising During Period Before Tax
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CY2018 us-gaap Other Comprehensive Income Defined Benefit Plan Net Prior Service Cost Credit Arising During Period Before Tax
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77000000 USD
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CY2017 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Before Tax
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CY2018 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Before Tax
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CY2016 us-gaap Other Comprehensive Income Loss Before Reclassifications Before Tax
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CY2017 us-gaap Other Comprehensive Income Loss Before Reclassifications Before Tax
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CY2018 us-gaap Other Comprehensive Income Loss Before Reclassifications Before Tax
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CY2016 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
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361000000 USD
CY2017 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
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CY2018 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
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CY2016 us-gaap Other Comprehensive Income Loss Before Reclassifications Tax
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180000000 USD
CY2017 us-gaap Other Comprehensive Income Loss Before Reclassifications Tax
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CY2018 us-gaap Other Comprehensive Income Loss Before Reclassifications Tax
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CY2016 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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1000000 USD
CY2017 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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CY2018 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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CY2016 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Reclassification Adjustments Net Of Tax
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151000000 USD
CY2017 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Reclassification Adjustments Net Of Tax
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CY2018 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Reclassification Adjustments Net Of Tax
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509000000 USD
CY2016 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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38000000 USD
CY2017 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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CY2018 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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CY2016 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Before Reclassification Adjustments Tax
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96000000 USD
CY2017 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Before Reclassification Adjustments Tax
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CY2018 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Before Reclassification Adjustments Tax
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39000000 USD
CY2016 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Net Unamortized Gain Loss Arising During Period Before Tax
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14000000 USD
CY2018 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Net Unamortized Gain Loss Arising During Period Before Tax
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CY2016 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Before Tax
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CY2017 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Before Tax
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CY2018 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Before Tax
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CY2016 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Net Of Tax
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113000000 USD
CY2017 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Net Of Tax
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178000000 USD
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180000000 USD
CY2016 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Tax
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CY2017 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Tax
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CY2018 us-gaap Payments To Acquire Equity Method Investments
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CY2018 us-gaap Proceeds From Issuance Of Long Term Debt
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CY2017 us-gaap Proceeds From Repayments Of Related Party Debt
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CY2018 us-gaap Proceeds From Repayments Of Related Party Debt
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CY2018 us-gaap Proceeds From Sale Of Equity Method Investments
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CY2017 us-gaap Proceeds From Short Term Debt
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CY2017Q4 us-gaap Short Term Borrowings
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CY2017Q4 us-gaap Short Term Borrowings
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CY2018Q4 us-gaap Short Term Borrowings
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CY2018Q4 us-gaap Short Term Borrowings
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CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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70.10
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CY2018Q4 us-gaap Treasury Stock Shares
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CY2016 us-gaap Treasury Stock Shares Acquired
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16200000 shares
CY2017 us-gaap Treasury Stock Shares Acquired
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41604141 shares
CY2017 us-gaap Treasury Stock Shares Acquired
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41600000 shares
CY2018 us-gaap Treasury Stock Shares Acquired
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27900000 shares
CY2018 us-gaap Treasury Stock Shares Acquired
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CY2017Q4 us-gaap Unrecognized Tax Benefits
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66000000 USD
CY2018Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
85000000 USD
CY2016 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
28000000 USD
CY2017 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
208000000 USD
CY2018 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
1000000 USD
CY2016 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
1000000 USD
CY2017 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
20000000 USD
CY2018 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
2000000 USD
CY2017Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
9000000 USD
CY2018Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
13000000 USD
CY2016 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
9000000 USD
CY2017 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
-13000000 USD
CY2018 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
5000000 USD
CY2016 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
15000000 USD
CY2017 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
0 USD
CY2018 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
0 USD
CY2016 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
29000000 USD
CY2017 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
129000000 USD
CY2018 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
22000000 USD
CY2016 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
4000000 USD
CY2017 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
4000000 USD
CY2018 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
0 USD
CY2017Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
43000000 USD
CY2018Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
59000000 USD
CY2016 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1952000000 shares
CY2017 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1921000000 shares
CY2018 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1888000000 shares
CY2016 us-gaap Weighted Average Number Of Shares Contingently Issuable
WeightedAverageNumberOfSharesContingentlyIssuable
0 shares
CY2017 us-gaap Weighted Average Number Of Shares Contingently Issuable
WeightedAverageNumberOfSharesContingentlyIssuable
0 shares
CY2018 us-gaap Weighted Average Number Of Shares Contingently Issuable
WeightedAverageNumberOfSharesContingentlyIssuable
1000000 shares
CY2016 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1952000000 shares
CY2017 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1921000000 shares
CY2018 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1887000000 shares
CY2018 us-gaap Guarantees Indemnifications And Warranties Policies
GuaranteesIndemnificationsAndWarrantiesPolicies
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-left:0px;padding-top:6px;"><font style="font-family:inherit;font-size:10pt;">Altria recognizes a liability for the fair value of the obligation of qualifying guarantee activities. </font></div></div>

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0000764180-19-000023-index-headers.html Edgar Link pending
0000764180-19-000023-index.html Edgar Link pending
0000764180-19-000023.txt Edgar Link pending
0000764180-19-000023-xbrl.zip Edgar Link pending
a2018form10-kq4.htm Edgar Link pending
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