ALTRIA GROUP, INC. - FORM 10-Q - EX-12 - STATEMENTS REGARDING COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES

file	filename
EX-99.2 - TRIAL SCHEDULE FOR CERTAIN CASES - ALTRIA GROUP, INC.	exhibit992q22018.htm
EX-99.1 - CERTAIN LITIGATION MATTERS - ALTRIA GROUP, INC.	exhibit991q22018.htm
EX-32.2 - CERTIFICATION OF CHIEF FINANCIAL OFFICER PURSUANT TO 18 U.S.C. 1350 - ALTRIA GROUP, INC.	exhibit322q22018.htm
EX-32.1 - CERTIFICATION OF CHIEF EXECUTIVE OFFICER PURSUANT TO 18 U.S.C. 1350 - ALTRIA GROUP, INC.	exhibit321q22018.htm
EX-31.2 - CERTIFICATION OF CHIEF FINANCIAL OFFICER PURSUANT TO RULE 13A-14(A)/15D-14(A) - ALTRIA GROUP, INC.	exhibit312q22018.htm
EX-31.1 - CERTIFICATION OF CHIEF EXECUTIVE OFFICER PURSUANT TO RULE 13A-14(A)/15D-14(A) - ALTRIA GROUP, INC.	exhibit311q22018.htm
EX-10.5 - AGREEMENT & GENERAL RELEASE BETWEEN ALTRIA GROUP, INC. AND MARTIN J. BARRINGTON - ALTRIA GROUP, INC.	exhibit105agreementandgene.htm
EX-10.4 - TIME SHARING TERMINATION LETTER - ALTRIA GROUP, INC.	exhibit104timesharingtermi.htm
EX-10.3 - TIME SHARING AGREEMENT WITH HOWARD A. WILLARD DATED MAY 17, 2018 - ALTRIA GROUP, INC.	exhibit103timesharingagree.htm
10-Q - FORM 10-Q - ALTRIA GROUP, INC.	a2018form10qq22018.htm

Exhibit 12




Altria Group, Inc. and Subsidiaries
Computation of Ratios of Earnings to Fixed Charges
(in millions of dollars)

	For the Six Months Ended June 30, 2018
Earnings before income taxes	$	5,023

Add (deduct):
Equity in net earnings of less than 50% owned affiliates	(572		)
Dividends from less than 50% owned affiliates	477
Fixed charges	365
Earnings available for fixed charges	$	5,293

Fixed charges:
Interest incurred ⁽¹⁾	$	358
Portion of rent expense deemed to represent interest factor	7
Fixed charges	$	365

Ratio of earnings to fixed charges	14.5

⁽¹⁾ Altria Group, Inc. includes interest relating to uncertain tax positions in its provision for income taxes, therefore such amounts are not included in fixed charges in the computation.




Altria Group, Inc. and Subsidiaries
Computation of Ratios of Earnings to Fixed Charges
(in millions of dollars)

	For the Years Ended December 31,
	2017			2016			2015			2014			2013
Earnings before income taxes	$	9,828		$	21,852		$	8,078		$	7,774		$	6,942

Add (deduct):
Equity in net earnings of less than 50% owned affiliates	(537		)	(800		)	(755		)	(1,011		)	(993		)
Dividends from less than 50% owned affiliates	806			739			495			459			443
Fixed charges	740			768			821			879			1,104
Interest capitalized, net of amortization	—			—			14			6			(7		)
Earnings available for fixed charges	$	10,837		$	22,559		$	8,653		$	8,107		$	7,489

Fixed charges:
Interest incurred ⁽¹⁾	$	726		$	750		$	805		$	861		$	1,087
Portion of rent expense deemed to represent interest factor	14			18			16			18			17
Fixed charges	$	740		$	768		$	821		$	879		$	1,104

Ratio of earnings to fixed charges ⁽²⁾	14.6			29.4			10.5			9.2			6.8

⁽¹⁾Altria Group, Inc. includes interest relating to uncertain tax positions in its provision for income taxes, therefore such amounts are not included in fixed charges in the computation.
⁽²⁾The ratio of earnings to fixed charges for the year ended December 31, 2016 includes the Gain on AB InBev/SABMiller business combination. Excluding this gain, the ratio of earnings to fixed charges would have been 11.3 for the year ended December 31, 2016.

ALTRIA GROUP, INC. - FORM 10-Q - EX-12 - STATEMENTS REGARDING COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES - July 26, 2018