MO · 8-K · 20260730PR000093

Restructuring and Capex

ALTRIA GROUP, INC. · 2026-07-30 · Importance 67 · Surprise 66

Altria recorded second-quarter pre-tax asset impairment, exit and implementation charges of $88 million, primarily related to the USSTC Facilities Consolidation. First-half charges totaled $94 million, including $80 million in the Oral Tobacco Products segment and $14 million in Smokeable Products. The consolidation drove an increase in full-year 2026 capital expenditure guidance to $375-$450 million from $300-$375 million. The 2026 charges compare with $903 million in first-half 2025 charges, primarily from an $873 million non-cash impairment of e-vapor reporting-unit goodwill.

Key facts

• For the six months ended June 30, 2025, Asset impairment, exit and implementation costs included Marketing, administration and research costs: 29, Exit costs: 1, and Impairment of goodwill: 873. source
• Altria said the increase in 2026 capital expenditures primarily reflects investments to support its plan to consolidate USSTC’s manufacturing operations (USSTC Facilities Consolidation). source
• Altria stated that investments in support of its contract manufacturing capabilities are contemplated in its 2026 guidance. source
• Altria recorded pre-tax charges of $88 million in Q2 2026 and $94 million in the first half of 2026 for asset impairment, exit and implementation costs, primarily due to the USSTC Facilities Consolidation. source
• For the quarter ended June 30, 2026, Asset impairment, exit and implementation costs included Cost of Sales: 59, Marketing, administration and research costs: 8, and Exit costs: 21. source
• For the six months ended June 30, 2026, Asset impairment, exit and implementation costs included Cost of Sales: 59, Marketing, administration and research costs: 14, and Exit costs: 21. source
• For the quarter ended June 30, 2025, Acquisition-related items included Net Revenues: 8 and Cost of Sales: 7 and General corporate expenses: 1. source
• For the quarter ended June 30, 2025, Asset impairment, exit and implementation costs included Marketing, administration and research costs: 14 and Exit costs: 1. source