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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 | |
---|---|---|---|---|---|---|---|---|
-0.61 | -1.39% | 43.37 | 44.12 | 43.37 | 44.00 | 11,228,969 | 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, 2017
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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 No.
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Financial Statements
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Supplemental Schedule*
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Exhibit
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At December 31,
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2017
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2016
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Investments at fair value:
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Plan’s interest in Master Trust A
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$
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1,834,142
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$
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1,599,310
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Plan’s interest in Master Trust B
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2,052,024
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2,018,007
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Investments at fair value
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3,886,166
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3,617,317
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Investments at contract value:
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Plan’s interest in Master Trust A for fully benefit-responsive investment contracts
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541,766
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536,849
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Total investments
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4,427,932
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4,154,166
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Receivables:
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Employer’s contribution
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51,634
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59,207
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Notes receivable from participants
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31,151
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31,475
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Total receivables
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82,785
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90,682
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Net assets available for benefits
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$
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4,510,717
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$
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4,244,848
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For the year ended December 31,
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2017
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Additions to net assets attributed to:
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Investment income:
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Plan’s interest in income from Master Trust A
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$
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308,794
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Plan’s interest in income from Master Trust B
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216,713
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Total investment income
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525,507
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Interest income on notes receivable from participants
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1,371
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Contributions to the Plan:
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By employer
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59,053
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By participants
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48,908
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Total contributions
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107,961
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Total additions
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634,839
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Deductions from net assets attributed to:
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Withdrawals and distributions
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(370,042
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)
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Total deductions
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(370,042
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)
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Net increase prior to transfers
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264,797
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Transfer from the Hourly Plan
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1,086
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Transfer to the Hourly Plan
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(14
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)
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Net increase
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265,869
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Net assets available for benefits:
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Beginning of year
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4,244,848
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End of year
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$
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4,510,717
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1.
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Description of the Plan
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•
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“Non-Match-Eligible Participants”:
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o
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Salaried employees other than Match-Eligible Participants and SMWE Match-Eligible Participants, as defined below, are eligible to make employee contributions and to receive a company contribution;
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•
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“Match-Eligible Participants”:
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o
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Salaried employees (except SMWE Match-Eligible Participants) who do not participate in a company-sponsored pension plan are eligible to make employee contributions and to receive a company contribution, a supplemental company contribution and company match contributions; and
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•
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“SMWE Match-Eligible Participants”:
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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 are eligible to make employee contributions and to receive company match contributions.
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Target adjusted diluted EPS growth rate *
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If Altria Group, Inc.’s actual adjusted diluted EPS growth rate is:
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Under the
target range
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Within the
target range
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Above the
target range
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Then the company contribution (expressed as a percentage of each eligible participant’s compensation) is:
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8%
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10%
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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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2017
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2016
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Master Trust Balances
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Plan’s interest in Master Trust Balances
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Master Trust Balances
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Plan’s interest in Master Trust Balances
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Investments at fair value:
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Common/collective trusts
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$
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1,596,966
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$
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1,425,177
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$
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1,307,421
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$
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1,164,244
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Registered investment companies
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321,590
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298,006
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327,235
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300,524
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Government securities
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139,012
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108,011
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142,874
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111,128
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Other
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4,136
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2,948
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28,783
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23,414
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Investments at fair value
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2,061,704
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1,834,142
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1,806,313
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1,599,310
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Investments at contract value:
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Fully benefit-responsive investment contracts
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746,581
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541,766
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749,856
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536,849
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Total Investments
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2,808,285
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2,375,908
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2,556,169
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2,136,159
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Receivables:
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Interest and dividend income
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412
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—
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289
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—
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Net assets
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$
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2,808,697
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$
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2,375,908
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$
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2,556,458
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$
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2,136,159
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Interest and dividends
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$
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33,952
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Net appreciation in fair value of investments
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311,282
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Investment income, net
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$
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345,234
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4.
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Master Trust B Investments
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2017
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2016
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Master Trust Balances
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Plan’s interest in Master Trust Balances
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Master Trust Balances
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Plan’s interest in Master Trust Balances
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Investments at fair value:
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Common stocks:
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Altria Stock
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$
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2,227,992
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$
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1,525,081
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$
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2,183,941
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$
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1,479,198
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PMI Stock
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536,595
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419,879
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527,709
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411,036
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Mondelēz Stock
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68,962
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57,657
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81,839
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68,182
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Kraft Heinz Stock
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42,388
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35,450
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54,679
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45,660
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Cash and cash equivalents
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38
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21
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23
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12
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Total investments at fair value
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2,875,975
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2,038,088
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2,848,191
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2,004,088
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Receivable - dividend income
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17,761
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13,936
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17,946
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13,919
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Net assets
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$
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2,893,736
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$
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2,052,024
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$
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2,866,137
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$
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2,018,007
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Dividends on common stocks
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$
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105,515
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Net appreciation in common stocks
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196,748
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Investment income
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$
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302,263
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5.
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Fair Value Measurements
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Master Trust A
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Level 1
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Level 2
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Totals
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Registered investment companies
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$
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321,590
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$
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—
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$
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321,590
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Government securities
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—
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139,012
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139,012
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Other
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—
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4,136
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4,136
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$
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321,590
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$
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143,148
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464,738
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Investments measured at NAV as a practical expedient for fair value:
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Common/collective trusts
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1,596,966
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Total Master Trust A investments at fair value
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$
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2,061,704
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Master Trust B
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Common stocks
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$
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2,875,937
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$
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—
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$
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2,875,937
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Cash and cash equivalents
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38
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—
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38
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Total Master Trust B investments at fair value
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$
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2,875,975
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$
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—
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$
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2,875,975
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Master Trust A
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Level 1
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Level 2
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Totals
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Registered investment companies
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$
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327,235
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$
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—
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$
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327,235
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Government securities
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—
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142,874
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142,874
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Other
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—
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28,783
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28,783
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||||||
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$
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327,235
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$
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171,657
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|
498,892
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Investments measured at NAV as a practical expedient for fair value:
|
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Common/collective trusts
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1,307,421
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Total Master Trust A investments at fair value
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$
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1,806,313
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Master Trust B
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Common stocks
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$
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2,848,168
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$
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—
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$
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2,848,168
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Cash and cash equivalents
|
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23
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—
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23
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Total Master Trust B investments at fair value
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$
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2,848,191
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$
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—
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$
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2,848,191
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Fair Value
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Common/Collective Trusts
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2017
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2016
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Redemption Frequency
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Redemption Notice Period
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U.S. equity index
|
|
$
|
1,154,891
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|
|
$
|
1,018,223
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|
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Daily
|
|
None
|
International equity index
|
|
$
|
211,859
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|
|
$
|
163,173
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Daily
|
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None
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U.S. fixed income
|
|
$
|
230,216
|
|
|
$
|
126,025
|
|
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Daily
|
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None
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6.
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Related Party Transactions
|
7.
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Plan Termination
|
8.
|
Tax Status
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9.
|
Reconciliation of Financial Statements to Form 5500
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|
|
2017
|
|
2016
|
||||
Plan’s interest in Master Trust A at fair value
|
|
$
|
1,834,142
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|
|
$
|
1,599,310
|
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Plan’s interest in Master Trust A for fully benefit-responsive investment contracts at contract value
|
|
541,766
|
|
|
536,849
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|
||
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|
2,375,908
|
|
|
2,136,159
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|
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Adjustment from contract value to fair value for fully benefit-responsive investment contracts
|
|
3,753
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|
|
7,108
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Plan’s interest in Master Trust A at fair value per the Form 5500
|
|
$
|
2,379,661
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|
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$
|
2,143,267
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|
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|
2017
|
|
2016
|
||||
Net assets available for benefits per the financial statements
|
|
$
|
4,510,717
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|
|
$
|
4,244,848
|
|
Adjustment from contract value to fair value for fully benefit-responsive investment contracts
|
|
3,753
|
|
|
7,108
|
|
||
Net assets available for benefits per the Form 5500
|
|
$
|
4,514,470
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|
|
$
|
4,251,956
|
|
|
2017
|
||
Change in net assets available for benefits per the financial statements
|
$
|
265,869
|
|
Adjustment for the net change in contract value of fully benefit-responsive investment contracts
|
(3,355
|
)
|
|
Change in net assets available for benefits per the Form 5500
|
$
|
262,514
|
|
|
|
|
|
|
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(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
|
||
|
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||
*
|
Altria Client Services Deferred Profit-Sharing Master Trust
|
Master Trust
|
n/a
|
$
|
2,379,660,605
|
|
|
|
|
|
|
||
*
|
Altria Client Services Deferred Profit-Sharing Trust for Altria Stock and Non-Altria Stock
|
Master Trust
|
n/a
|
$
|
2,052,024,002
|
|
|
|
|
|
|
||
*
|
Notes receivable from participants
|
Interest rates range from
3.25% to 9.50% Maturity dates through 2042 |
n/a
|
$
|
31,151,271
|
|
|
|
|
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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