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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Altria Group Inc | NYSE:MO | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.12 | 0.27% | 45.02 | 45.37 | 44.90 | 44.91 | 8,229,221 | 01:00:00 |
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x
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ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
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For the fiscal year ended December 31, 2015
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OR
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¨
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TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE
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SECURITIES EXCHANGE ACT OF 1934
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For the transition period from to
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Commission file number 1-08940
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Page (s)
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Financial Statements
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Supplemental Schedules*
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Exhibit
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23. Consent of Independent Registered Public Accounting Firm
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At December 31,
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2015
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2014
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||||
Investments at fair value:
|
|
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||||
Investment in Master Trust A
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$
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2,132,111
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$
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2,185,584
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Investment in Master Trust B
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1,860,290
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1,671,060
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||
Total investments
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3,992,401
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3,856,644
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||||
Receivables:
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||||
Employer’s contribution
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52,856
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50,213
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Participants’ contributions
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—
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154
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Notes receivable from participants
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32,576
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32,634
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Total receivables
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85,432
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83,001
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||||
Net assets reflecting investments at fair value
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4,077,833
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3,939,645
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||||
Adjustment from fair value to contract value for Investment in Master Trust A relating to fully benefit-responsive investment contracts
|
|
(9,898
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)
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(18,936
|
)
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||
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||||
Net assets available for benefits
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$
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4,067,935
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$
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3,920,709
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For the year ended December 31,
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2015
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Additions to net assets attributed to:
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|
||
Investment income:
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||
Investment income from Master Trust A
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$
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11,534
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Investment income from Master Trust B
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337,839
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Total investment income
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349,373
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Interest income on notes receivable from participants
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1,295
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Contributions to the Plan:
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By employer
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59,204
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By participants
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49,545
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Total contributions
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108,749
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Total additions
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459,417
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||
Deductions from net assets attributed to:
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Withdrawals and distributions
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(312,954
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)
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Total deductions
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(312,954
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)
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Net increase prior to transfers
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146,463
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Transfer from the Hourly Plan
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894
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|
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Transfer to the Hourly Plan
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(131
|
)
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Net increase
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147,226
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Net assets available for benefits:
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||
Beginning of year
|
3,920,709
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End of year
|
$
|
4,067,935
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1.
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Description of the Plan
|
•
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“Non-Match-Eligible Participants” (eligible to make employee contributions and to receive a company contribution):
|
|
o
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Salaried employees other than Match-Eligible Participants and SMWE Match-Eligible Participants, as defined below;
|
•
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“Match-Eligible Participants” (eligible to make employee contributions and to receive a company contribution, a supplemental company contribution and company match contributions):
|
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o
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Salaried employees of certain subsidiaries of UST LLC and salaried employees of John Middleton Co., and
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o
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Salaried employees of all other Participating Companies (except SMWE Match-Eligible Participants) hired or rehired after a date specific to their employee group, as defined in the Plan document; and
|
•
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“SMWE Match-Eligible Participants” (eligible to make employee contributions and to receive company match contributions):
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|
o
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Non-agricultural employees of Ste. Michelle Wine Estates Ltd. and its affiliates (“SMWE”) who are not represented by a collective bargaining unit.
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Target adjusted diluted EPS growth rate *
|
||
If Altria Group, Inc.’s actual adjusted diluted EPS growth rate is:
|
Under the
target range
|
Within the
target range
|
Above the
target range
|
Then the company contribution (expressed as a percentage of each eligible participant’s compensation) is:
|
8%
|
10%
|
12%
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2.
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Summary of Significant Accounting Policies
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3.
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Master Trust A Investments
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2015
|
|
2014
|
||||
Investments at fair value:
|
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Common/collective trusts
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$
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1,246,549
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$
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1,308,733
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Investment contracts
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|
822,636
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902,972
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Registered investment companies
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315,312
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292,295
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Government securities
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151,500
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158,295
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Other
|
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23,114
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|
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17,177
|
|
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Total investments
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|
2,559,111
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|
|
2,679,472
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||||
Receivables:
|
|
|
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||||
Interest and dividend income
|
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3,530
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|
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2,989
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Pending securities sold
|
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3,003
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4,417
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|
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Transfer from Master Trust B
(1)
|
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15,624
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—
|
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Liabilities:
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|
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|
||||
Securities purchased
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(15,437
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)
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|
(29,536
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)
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Net assets at fair value
|
|
2,565,831
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|
|
2,657,342
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||
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|
|
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|
||||
Adjustment from fair value to contract value for fully benefit-responsive investment contracts
|
|
(13,839
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)
|
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(27,102
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)
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||||
Net assets
|
|
$
|
2,551,992
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|
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$
|
2,630,240
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Interest and dividends
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$
|
31,192
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Net depreciation in common/collective trusts
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(5,631
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)
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Net depreciation in registered investment companies
|
(8,836
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)
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Net appreciation in government securities
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75
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Investment income, net
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$
|
16,800
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2015
|
|
2014
|
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Average yield earned
|
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1.93
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%
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1.15
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%
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Average yield earned adjusted to reflect actual interest credited to Interest Income Fund participants
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2.16
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%
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2.04
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%
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4.
|
Master Trust B Investments
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2015
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2014
|
||||
Investments at fair value:
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||||
Common stocks:
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|
||||
Altria Stock
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$
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1,913,458
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$
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1,615,001
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PMI Stock
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|
573,947
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|
|
616,585
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Mondelēz Stock
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|
94,537
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|
|
87,942
|
|
||
Kraft Heinz Stock
(1)
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51,734
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|
|
50,630
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Cash and cash equivalents
|
|
19
|
|
|
15,434
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|
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Total investments
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|
2,633,695
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|
|
2,385,592
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|
||
|
|
|
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|
||||
Receivable - dividend income
|
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18,451
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|
|
18,276
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||
|
|
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|
||||
Net assets
|
|
$
|
2,652,146
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|
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$
|
2,403,868
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|
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Dividends on common stocks:
|
|
||
Altria Stock
|
$
|
72,459
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PMI Stock
|
27,934
|
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Mondelēz Stock
|
1,367
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Kraft Heinz Stock
(1)
|
1,679
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Net appreciation in common stocks:
|
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||
Altria Stock
|
294,218
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PMI Stock
|
44,783
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Mondelēz Stock
|
19,359
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Kraft Heinz Stock
(1)
|
20,963
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Investment income
|
$
|
482,762
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5.
|
Fair Value Measurements
|
Master Trust A
|
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Level 1
|
|
Level 2
|
|
Level 3
|
|
Totals
|
||||||||
Common/collective trusts:
|
|
|
|
|
|
|
|
|
||||||||
U.S. equity index
|
|
$
|
—
|
|
|
$
|
860,968
|
|
|
$
|
—
|
|
|
$
|
860,968
|
|
International equity index
|
|
|
|
140,164
|
|
|
|
|
140,164
|
|
||||||
Balanced fund
|
|
|
|
245,417
|
|
|
|
|
245,417
|
|
||||||
Investment contracts:
|
|
|
|
|
|
|
|
|
||||||||
U.S. Treasuries and inflation protected securities
|
|
|
|
297,420
|
|
|
|
|
297,420
|
|
||||||
Other
|
|
|
|
525,216
|
|
|
|
|
|
525,216
|
|
|||||
Registered investment companies:
|
|
|
|
|
|
|
|
|
||||||||
Equity
|
|
228,400
|
|
|
|
|
|
|
228,400
|
|
||||||
Other
|
|
86,912
|
|
|
|
|
|
|
86,912
|
|
||||||
Government securities - U.S. Treasuries
|
|
|
|
151,500
|
|
|
|
|
151,500
|
|
||||||
Other
|
|
|
|
23,114
|
|
|
|
|
23,114
|
|
||||||
|
|
|
|
|
|
|
|
|
||||||||
Sub-total Master Trust A
|
|
315,312
|
|
|
2,243,799
|
|
|
—
|
|
|
2,559,111
|
|
||||
|
|
|
|
|
|
|
|
|
||||||||
Master Trust B
|
|
|
|
|
|
|
|
|
||||||||
Common stocks:
|
|
|
|
|
|
|
|
|
||||||||
Altria Stock
|
|
1,913,458
|
|
|
|
|
|
|
1,913,458
|
|
||||||
PMI Stock
|
|
573,947
|
|
|
|
|
|
|
573,947
|
|
||||||
Mondelēz Stock
|
|
94,537
|
|
|
|
|
|
|
94,537
|
|
||||||
Kraft Heinz Stock
|
|
51,734
|
|
|
|
|
|
|
51,734
|
|
||||||
Cash and cash equivalents
|
|
19
|
|
|
|
|
|
|
19
|
|
||||||
|
|
|
|
|
|
|
|
|
||||||||
Sub-total Master Trust B
|
|
2,633,695
|
|
|
—
|
|
|
—
|
|
|
2,633,695
|
|
||||
|
|
|
|
|
|
|
|
|
||||||||
Total investment assets at fair value
|
|
$
|
2,949,007
|
|
|
$
|
2,243,799
|
|
|
$
|
—
|
|
|
$
|
5,192,806
|
|
Master Trust A
|
|
Level 1
|
|
Level 2
|
|
Level 3
|
|
Totals
|
||||||||
Common/collective trusts:
|
|
|
|
|
|
|
|
|
||||||||
U.S. equity index
|
|
$
|
—
|
|
|
$
|
928,176
|
|
|
$
|
—
|
|
|
$
|
928,176
|
|
International equity index
|
|
|
|
154,290
|
|
|
|
|
154,290
|
|
||||||
Balanced fund
|
|
|
|
226,267
|
|
|
|
|
226,267
|
|
||||||
Investment contracts:
|
|
|
|
|
|
|
|
|
||||||||
U.S. Treasuries and inflation protected securities
|
|
|
|
374,128
|
|
|
|
|
374,128
|
|
||||||
Other
|
|
|
|
528,563
|
|
|
281
|
|
|
528,844
|
|
|||||
Registered investment companies:
|
|
|
|
|
|
|
|
|
|
|
||||||
Equity
|
|
207,877
|
|
|
|
|
|
|
207,877
|
|
||||||
Other
|
|
84,418
|
|
|
|
|
|
|
84,418
|
|
||||||
Government securities - U.S. Treasuries
|
|
|
|
158,295
|
|
|
|
|
158,295
|
|
||||||
Other
|
|
|
|
17,177
|
|
|
|
|
17,177
|
|
||||||
|
|
|
|
|
|
|
|
|
||||||||
Sub-total Master Trust A
|
|
292,295
|
|
|
2,386,896
|
|
|
281
|
|
|
2,679,472
|
|
||||
|
|
|
|
|
|
|
|
|
||||||||
Master Trust B
|
|
|
|
|
|
|
|
|
||||||||
Common stocks:
|
|
|
|
|
|
|
|
|
||||||||
Altria Stock
|
|
1,615,001
|
|
|
|
|
|
|
1,615,001
|
|
||||||
PMI Stock
|
|
616,585
|
|
|
|
|
|
|
616,585
|
|
||||||
Mondelēz Stock
|
|
87,942
|
|
|
|
|
|
|
87,942
|
|
||||||
Kraft Heinz Stock
|
|
50,630
|
|
|
|
|
|
|
50,630
|
|
||||||
Cash and cash equivalents
|
|
15,434
|
|
|
|
|
|
|
15,434
|
|
||||||
|
|
|
|
|
|
|
|
|
||||||||
Sub-total Master Trust B
|
|
2,385,592
|
|
|
—
|
|
|
—
|
|
|
2,385,592
|
|
||||
|
|
|
|
|
|
|
|
|
||||||||
Total investment assets at fair value
|
|
$
|
2,677,887
|
|
|
$
|
2,386,896
|
|
|
$
|
281
|
|
|
$
|
5,065,064
|
|
6.
|
Related Party Transactions
|
7.
|
Plan Termination
|
8.
|
Tax Status
|
9.
|
Reconciliation of Financial Statements to Form 5500
|
|
|
2015
|
|
2014
|
||||
Net assets available for benefits per the financial statements
|
|
$
|
4,067,935
|
|
|
$
|
3,920,709
|
|
Adjustment from contract value to fair value for fully benefit-responsive investment contracts
|
|
9,898
|
|
|
18,936
|
|
||
Net assets available for benefits per the Form 5500
|
|
$
|
4,077,833
|
|
|
$
|
3,939,645
|
|
|
2015
|
||
Change in net assets available for benefits per the financial statements
|
$
|
147,226
|
|
Adjustment for the net change in contract value of fully benefit-responsive investment contracts
|
(9,038
|
)
|
|
Change in net assets available for benefits per the Form 5500
|
$
|
138,188
|
|
Participant Contributions Transferred Late to Plan
|
Total that Constitute Nonexempt Prohibited Transactions
|
Total Fully Corrected Under VFCP and PTE 2002-51
|
||
Check Here if Late Participant Loan Repayments Are Included
¨
|
Contributions Not Corrected
|
Contributions Corrected Outside VFCP
|
Contributions Pending Correction in VFCP
|
|
$73
|
|
$73
|
|
|
|
|
|
|
|
||
(a)
|
(b) Identity of issue, borrower, lessor, or similar party
|
(c) Description of investment including maturity date, rate of interest, collateral, par, or maturity value
|
(d) Cost
|
(e) Current value
|
||
|
|
|
|
|
||
*
|
Altria Client Services Deferred Profit-Sharing Master Trust
|
Master Trust
|
n/a
|
$
|
2,132,111,092
|
|
|
|
|
|
|
||
*
|
Altria Client Services Deferred Profit-Sharing Trust for Altria Stock and Non-Altria Stock
|
Master Trust
|
n/a
|
$
|
1,860,290,271
|
|
|
|
|
|
|
||
*
|
Notes receivable from participants
|
Interest rates range from
3.25% to 10.00% Maturity dates through 2040 |
n/a
|
$
|
32,575,661
|
|
|
|
|
DEFERRED PROFIT-SHARING PLAN FOR
SALARIED EMPLOYEES
|
|
|
By
|
/s/ SCOTT D. SCOFIELD
|
|
Scott D. Scofield, Vice President,
Compensation, Benefits and HR Services,
Altria Client Services LLC
|
1 Year Altria Chart |
1 Month Altria Chart |
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