MO · 10-Q · 2026Q2 · Full report

Income Tax Rate Changes

ALTRIA GROUP, INC. · 2026-07-30 · Importance 32 · Surprise 40

Altria recorded $30 million of income tax items for the six months ended June 30, 2026 and $42 million for the second quarter. The benefits primarily reflected resolution of prior-year tax audits, partially offset by tax expense from a tax-basis adjustment related to the ABI investment. Second-quarter income tax provision declined $109 million, or 14.7%, because of favorable tax items and lower pretax earnings. The change in tax rate increased diluted EPS by $0.01 in both the six-month and quarterly reconciliations.

Key facts

• Altria recorded income tax items of $30 million and $42 million for the six and three months ended June 30, 2026, respectively, due to an income tax benefit related to the resolution of prior year tax audits, partially offset by income tax expense associated with a tax basis adjustment related to Altria’s investment in ABI. source