{"id":48053,"date":"2026-07-30T16:00:00","date_gmt":"2026-07-30T14:00:00","guid":{"rendered":"http:\/\/stocks-future.com\/?guid=4aa9aaccc7a333984792f132a7b8a6de"},"modified":"2026-07-30T16:00:00","modified_gmt":"2026-07-30T14:00:00","slug":"altria-reports-2026-second-quarter-and-first-half-results-narrows-2026-full-year-earnings-guidance","status":"publish","type":"post","link":"https:\/\/stocks-future.com\/?p=48053","title":{"rendered":"Altria Reports 2026 Second-Quarter and First-Half Results; Narrows 2026 Full-Year Earnings Guidance"},"content":{"rendered":"<p>RICHMOND, Va.--(BUSINESS WIRE)--<a href=\"https:\/\/twitter.com\/search?q=%24MO&src=ctag\" >$MO<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/Altria?src=hash\" >#Altria<\/a>--Altria Group, Inc. (NYSE: MO) today reports our 2026 second-quarter and first-half business results and narrows guidance for 2026 full-year adjusted diluted earnings per share (EPS).<\/p><br\/><a href=\"https:\/\/mms.businesswire.com\/media\/20260729672611\/en\/1235738\/5\/AG_pos_fullv_nor_p.jpg\"><img src=\"https:\/\/mms.businesswire.com\/media\/20260729672611\/en\/1235738\/22\/AG_pos_fullv_nor_p.jpg\" \/><\/a><br\/><a href=\"https:\/\/mms.businesswire.com\/media\/20260729672611\/en\/1235738\/5\/AG_pos_fullv_nor_p.jpg\"><img src=\"https:\/\/mms.businesswire.com\/media\/20260729672611\/en\/1235738\/21\/AG_pos_fullv_nor_p.jpg\" \/><\/a><p>\n\u201cIn the second quarter, our operating companies continued to deliver against the priorities we outlined at the start of the year \u2013 advancing our smoke-free portfolio, strengthening our traditional tobacco businesses and delivering significant returns to shareholders,\u201d said Sal Mancuso, Altria\u2019s Chief Executive Officer.<\/p><p>\n\u201cIn smoke-free, Helix expanded <i>on! PLUS<\/i> to 120,000 stores nationwide, engaged in trial-generating activities and prepared for additional line extensions to come later this year. In smokeable products, PM USA advanced its data-driven, total portfolio approach to drive profitability as <i>Marlboro Cowboy Cut <\/i>generated strong interest among premium smokers and <i>Basic<\/i> continued to gain traction in discount.\u201d<\/p><p>\n\u201cWe delivered strong first-half results, driving adjusted diluted EPS growth of 4.9%, and returned nearly $3.9 billion to shareholders through dividends and share repurchases combined. This performance reflects steady, disciplined execution and confidence in our full-year plan, which allowed us to narrow our earnings guidance for the year.\u201d<\/p><p>\n\u201cWe are raising the lower-end of our full-year 2026 guidance. We now expect to deliver adjusted diluted EPS in a range of $5.61 to $5.72, representing a growth rate of 3.5% to 5.5% from a base of $5.42 in 2025.\u201d<\/p><p>\n<b>Altria Headline Financials <sup>1<\/sup><\/b><\/p><table cellspacing=\"0\" class=\"bwtablemarginb bwblockalignl bwwidth100\">\n<tr>\n<td class=\"bwvertalignb bwtopsingle bwsinglebottom bwleftsingle bwrowaltcolor0 bwpadl0 bwwidth38\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n($ in millions, except per share data)<\/p><\/td><td class=\"bwvertalignb bwtopsingle bwsinglebottom bwleftsingle bwrowaltcolor0 bwpadl0 bwalignc bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n<b>Q2 2026<\/b><\/p><\/td><td class=\"bwvertalignb bwtopsingle bwsinglebottom bwleftsingle bwrowaltcolor0 bwpadl0 bwalignc bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n<b>Change vs.\n<br\/><\/b><b>Q2 2025<\/b><\/p><\/td><td class=\"bwvertalignb bwtopsingle bwsinglebottom bwleftsingle bwrowaltcolor0 bwpadl0 bwalignc bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwtopsingle bwsinglebottom bwleftsingle bwrowaltcolor0 bwpadl0 bwalignc bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n<b>First Half 2026<\/b><\/p><\/td><td class=\"bwvertalignb bwtopsingle bwsinglebottom bwleftsingle bwrightsingle bwrowaltcolor0 bwpadl0 bwalignc bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n<b>Change vs.\n<br\/><\/b><b>First Half 2025<\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwsinglebottom bwleftsingle bwpadl2 bwwidth38\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nNet revenues<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwleftsingle bwpadl0 bwpadr0 bwpadb3 bwalignc bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n$6,111<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwleftsingle bwpadl0 bwpadr0 bwpadb3 bwalignc bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n<b>0.1%<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwleftsingle bwpadl0 bwalignc bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwleftsingle bwpadl0 bwpadr0 bwpadb3 bwalignc bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n$11,539<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwleftsingle bwrightsingle bwpadl0 bwpadr0 bwpadb3 bwalignc bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n<b>1.6%<\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwsinglebottom bwleftsingle bwpadl2 bwwidth38\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nRevenues net of excise taxes<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwleftsingle bwpadl0 bwpadr0 bwpadb3 bwalignc bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n$5,356<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwleftsingle bwpadl0 bwpadr0 bwpadb3 bwalignc bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n<b>1.2%<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwleftsingle bwpadl0 bwalignc bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwleftsingle bwpadl0 bwpadr0 bwpadb3 bwalignc bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n$10,114<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwleftsingle bwrightsingle bwpadl0 bwpadr0 bwpadb3 bwalignc bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n<b>3.1%<\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwsinglebottom bwleftsingle bwrowaltcolor0 bwpadl2 bwwidth38\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwalignc bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwalignc bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwleftsingle bwrowaltcolor0 bwpadl0 bwalignc bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwleftsingle bwrowaltcolor0 bwpadl0 bwalignc bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwrightsingle bwrowaltcolor0 bwpadl0 bwalignc bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n\u00a0<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwsinglebottom bwleftsingle bwpadl2 bwwidth38\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nReported effective tax rate<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwleftsingle bwpadl0 bwpadr0 bwpadb3 bwalignc bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n21.5%<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwleftsingle bwpadl0 bwalignc bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n<b>(2.2) pp<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwleftsingle bwpadl0 bwalignc bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwleftsingle bwpadl0 bwpadr0 bwpadb3 bwalignc bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n22.6%<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwleftsingle bwrightsingle bwpadl0 bwalignc bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n<b>(5.4) pp<\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwsinglebottom bwleftsingle bwpadl2 bwwidth38\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nAdjusted effective tax rate<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwleftsingle bwpadl0 bwpadr0 bwpadb3 bwalignc bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n23.0%<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwleftsingle bwpadl0 bwalignc bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n<b>(0.3) pp<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwleftsingle bwpadl0 bwalignc bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwleftsingle bwpadl0 bwpadr0 bwpadb3 bwalignc bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n23.0%<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwleftsingle bwrightsingle bwpadl0 bwalignc bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n<b>(0.4) pp<\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwsinglebottom bwleftsingle bwrowaltcolor0 bwpadl2 bwwidth38\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwalignc bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwalignc bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwleftsingle bwrowaltcolor0 bwpadl0 bwalignc bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwleftsingle bwrowaltcolor0 bwpadl0 bwalignc bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwrightsingle bwrowaltcolor0 bwpadl0 bwalignc bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n\u00a0<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwsinglebottom bwleftsingle bwpadl2 bwwidth38\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nReported diluted EPS<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwleftsingle bwpadl0 bwpadr0 bwpadb3 bwalignc bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n$1.37<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwleftsingle bwpadl0 bwpadr0 bwpadb3 bwalignc bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n<b>(2.8)%<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwleftsingle bwpadl0 bwalignc bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwleftsingle bwpadl0 bwpadr0 bwpadb3 bwalignc bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n$2.67<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwleftsingle bwrightsingle bwpadl0 bwpadr0 bwpadb3 bwalignc bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n<b>30.9%<\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwsinglebottom bwleftsingle bwpadl2 bwwidth38\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nAdjusted diluted EPS<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwleftsingle bwpadl0 bwpadr0 bwpadb3 bwalignc bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n$1.48<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwleftsingle bwpadl0 bwpadr0 bwpadb3 bwalignc bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n<b>2.8%<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwleftsingle bwpadl0 bwalignc bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwleftsingle bwpadl0 bwpadr0 bwpadb3 bwalignc bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n$2.80<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwleftsingle bwrightsingle bwpadl0 bwpadr0 bwpadb3 bwalignc bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n<b>4.9%<\/b><\/p><\/td><\/tr>\n<\/table><p>\n<i><sup>1<\/sup> \u201cAdjusted\u201d financial measures presented in this release exclude the impact of special items. See \u201cBasis of Presentation\u201d for more information and see the schedules to this press release for reconciliations to corresponding GAAP measures.<\/i><\/p><p>\nAs previously announced, a conference call with the investment community and news media will be webcast on July 30, 2026 at 9:00 a.m. Eastern Time. Access to the webcast is available at <a  href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.altria.com%2Fwebcasts&amp;esheet=54579154&amp;newsitemid=20260729672611&amp;lan=en-US&amp;anchor=www.altria.com%2Fwebcasts&amp;index=1&amp;md5=3ca2f18d7e552df76224c5630a9ce8f0\" rel=\"nofollow\" shape=\"rect\">www.altria.com\/webcasts<\/a>.<\/p><p>\n<b>Cash Returns to Shareholders<\/b><\/p><p>\n<b><i>Share Repurchase Program<\/i><\/b><\/p><ul class=\"bwlistdisc\">\n<li>\nIn the second quarter, we repurchased 0.8 million shares at an average price of $65.11 per share, for a total cost of $55 million.<\/li>\n<li>\nThrough the first half, we repurchased 5.3 million shares at an average price of $62.78 per share, for a total cost of $335 million.<\/li>\n<li>\nAs of June 30, 2026, we had $665 million remaining under our $2 billion share repurchase program, which expires on December 31, 2026.<\/li>\n<\/ul><p>\n<b><i>Dividends<\/i><\/b><\/p><ul class=\"bwlistdisc\">\n<li>\nWe paid dividends of $1.8 billion and $3.6 billion in the second quarter and first half, respectively.<\/li>\n<\/ul><p>\n<b>Smoke-Free Portfolio Update<\/b><\/p><ul class=\"bwlistdisc\">\n<li>\nIn the second quarter, Helix resumed shipments of 12-milligram <i>on! PLUS<\/i> in Florida, North Carolina and Texas in Mint, Wintergreen and Tobacco, with a national expansion planned for the third quarter.<\/li>\n<\/ul><ul class=\"bwlistdisc\">\n<li>\nHelix plans to expand its <i>on! PLUS <\/i>portfolio with additional<i> <\/i>flavors across 6-, 9- and 12-milligram nicotine strengths, beginning with Blueberry Mint and Mango Pineapple, in the fourth quarter.<\/li>\n<\/ul><p>\n<b>2026 Full-Year Guidance<\/b><\/p><p>\nWe narrow our guidance for 2026 full-year adjusted diluted EPS to be in a range of $5.61 to $5.72, representing a growth rate of 3.5% to 5.5% from a base of $5.42 in 2025.<\/p><p>\nAs previously disclosed, our guidance contemplates:<\/p><p>\n(i) the impact of moderated e-vapor industry growth on combustible and e-vapor product volumes;<\/p><p>\n(ii) increased macroeconomic uncertainty facing adult nicotine consumers (ANCs);<\/p><p>\n(iii) investments in support of our contract manufacturing capabilities;<\/p><p>\n(iv) that <i>NJOY<\/i> <i>ACE<\/i> does not return to the marketplace in 2026;<\/p><p>\n(v) reinvestment of anticipated cost savings related to our <i>Optimize &amp; Accelerate<\/i> initiative (Initiative); and<\/p><p>\n(vi) investments in support of our Vision.<\/p><p>\nOur narrowed guidance range continues to reflect our expectation for a greater benefit from cigarette import and export activity in the second half of the year than in the first half. Due to the timing of some second-quarter benefits, we expect the second-half benefit to be more balanced between the third and fourth quarters.<\/p><p>\nIn addition, we expect 2026 capital expenditures to be between $375 million and $450 million, a change from our previous expectation of $300 million to $375 million. The increase primarily reflects investments to support our plan to consolidate USSTC\u2019s manufacturing operations (USSTC Facilities Consolidation).<\/p><p>\n<i>Our full-year adjusted diluted EPS guidance range excludes the impact of certain income and expense items that our management believes are not part of underlying operations. These items may include, for example, loss on early extinguishment of debt, charges related to restructuring and other exit activities, asset impairment charges, acquisition, disposition and integration-related items, equity investment-related special items, certain income tax items, charges associated with tobacco and health and certain other litigation items, resolutions of certain non-participating manufacturer (NPM) adjustment disputes under the Master Settlement Agreement (NPM Adjustment Items) and amortization expense associated with definite-lived intangible assets (amortization of intangibles). See Table 1 below for the income and expense items for the second quarter and first half of 2026.<\/i><\/p><p>\n<i>Our management cannot estimate on a forward-looking basis the impact of certain income and expense items, including those items noted in the preceding paragraph, on our reported diluted EPS because these items, which could be significant, may be unusual or infrequent, are difficult to predict and may be highly variable. As a result, we do not provide a corresponding GAAP measure for, or reconciliation to, our adjusted diluted EPS guidance.<\/i><\/p><p class=\"bwalignc\">\n<b>ALTRIA GROUP, INC.<\/b><\/p><p>\n<i>See <\/i>\u201c<i>Basis of Presentation<\/i>\u201d<i> for an explanation of the financial measures and reportable segments discussed in this release.<\/i><\/p><p>\n<b>Financial Performance<\/b><\/p><p>\n<b>Second Quarter<\/b><\/p><ul class=\"bwlistdisc\">\n<li>\nNet revenues were essentially unchanged at $6.1 billion as higher net revenues in the smokeable products segment and all other category, which included 2025 acquisition-related items, were offset by lower net revenues in the oral tobacco products segment. Revenues net of excise taxes increased 1.2% to $5.4 billion.<\/li>\n<\/ul><ul class=\"bwlistdisc\">\n<li>\nReported diluted EPS decreased 2.8% to $1.37, primarily driven by lower OCI (including higher tobacco and health and certain other litigation items and 2026 costs related to the USSTC Facilities Consolidation) and unfavorable ABI-related special items. These factors were partially offset by favorable income tax items, fewer shares outstanding and lower amortization of intangibles.<\/li>\n<\/ul><ul class=\"bwlistdisc\">\n<li>\nAdjusted diluted EPS increased 2.8% to $1.48, primarily driven by higher adjusted OCI and fewer shares outstanding.<\/li>\n<\/ul><p>\n<b>First Half<\/b><\/p><ul class=\"bwlistdisc\">\n<li>\nNet revenues increased 1.6% to $11.5 billion, primarily driven by higher net revenues in the smokeable products segment. Revenues net of excise taxes increased 3.1% to $10.1 billion.<\/li>\n<\/ul><ul class=\"bwlistdisc\">\n<li>\nReported diluted EPS increased 30.9% to $2.67, primarily driven by higher reported OCI, which includes a 2025 non-cash impairment of the e-vapor reporting unit goodwill.<\/li>\n<\/ul><ul class=\"bwlistdisc\">\n<li>\nAdjusted diluted EPS increased 4.9% to $2.80, primarily driven by higher adjusted OCI and fewer shares outstanding.<\/li>\n<\/ul><table cellspacing=\"0\" class=\"bwtablemarginb bwblockalignl bwwidth100\">\n<tr>\n<td class=\"bwvertalignb bwtopsingle bwleftsingle bwrightsingle bwpadl0\" colspan=\"18\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n<b>Table 1 - Altria\u2019s Adjusted Results<\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwleftsingle bwpadl0 bwwidth47\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0\" colspan=\"3\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0\" colspan=\"3\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0\" colspan=\"2\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0\" colspan=\"3\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0\" colspan=\"3\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwrightsingle bwpadl0\" colspan=\"2\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwleftsingle bwpadl0 bwwidth47\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwleftsingle bwpadl0 bwalignc\" colspan=\"8\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n<b>Second Quarter<\/b><\/p><\/td><td class=\"bwvertalignb bwleftsingle bwpadl0 bwalignc bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwleftsingle bwrightsingle bwpadl0 bwalignc\" colspan=\"8\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n<b>Six Months Ended June 30,<\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwleftsingle bwpadl0 bwwidth47\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwleftsingle bwpadl0 bwpadr0 bwpadb3 bwalignc bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignc bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n<b>2026<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignc bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwleftsingle bwpadl0 bwpadr0 bwpadb3 bwalignc bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignc bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n<b>2025<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignc bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwleftsingle bwpadl0 bwalignc\" colspan=\"2\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n<b>Change<\/b><\/p><\/td><td class=\"bwvertalignb bwleftsingle bwpadl0 bwalignc bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwleftsingle bwpadl0 bwpadr0 bwpadb3 bwalignc bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignc bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n<b>2026<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignc bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwleftsingle bwpadl0 bwpadr0 bwpadb3 bwalignc bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignc bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n<b>2025<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignc bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwleftsingle bwrightsingle bwpadl0 bwalignc\" colspan=\"2\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n<b>Change<\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwleftsingle bwrowaltcolor0 bwpadl0 bwwidth47\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n<b>Reported diluted EPS<\/b><\/p><\/td><td class=\"bwvertalignb bwleftsingle bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>$<\/b><\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>1.37<\/b><\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwleftsingle bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>$<\/b><\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>1.41<\/b><\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwleftsingle bwrowaltcolor0 bwpadl0 bwpadr0 bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>(2.8<\/b><\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n<b>)%<\/b><\/p><\/td><td class=\"bwvertalignb bwleftsingle bwrowaltcolor0 bwpadl0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwleftsingle bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>$<\/b><\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>2.67<\/b><\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwleftsingle bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>$<\/b><\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>2.04<\/b><\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwleftsingle bwrowaltcolor0 bwpadl0 bwpadr0 bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>30.9<\/b><\/p><\/td><td class=\"bwvertalignb bwrightsingle bwrowaltcolor0 bwpadl0 bwpadr0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n<b>%<\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwleftsingle bwpadl0 bwwidth47\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nAcquisition-related items<\/p><\/td><td class=\"bwvertalignb bwleftsingle bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u2014<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwleftsingle bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n0.01<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwleftsingle bwpadl0\" colspan=\"2\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwleftsingle bwpadl0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwleftsingle bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u2014<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwleftsingle bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n0.05<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwleftsingle bwrightsingle bwpadl0\" colspan=\"2\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwleftsingle bwrowaltcolor0 bwpadl0 bwwidth47\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nAsset impairment, exit and implementation costs<\/p><\/td><td class=\"bwvertalignb bwleftsingle bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n0.04<\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwleftsingle bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n0.01<\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwleftsingle bwrowaltcolor0 bwpadl0\" colspan=\"2\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwleftsingle bwrowaltcolor0 bwpadl0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwleftsingle bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n0.04<\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwleftsingle bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n0.53<\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwleftsingle bwrightsingle bwrowaltcolor0 bwpadl0\" colspan=\"2\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwleftsingle bwpadl0 bwwidth47\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nTobacco and health and certain other litigation items<\/p><\/td><td class=\"bwvertalignb bwleftsingle bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n0.05<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwleftsingle bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u2014<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwleftsingle bwpadl0\" colspan=\"2\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwleftsingle bwpadl0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwleftsingle bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n0.04<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwleftsingle bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n0.02<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwleftsingle bwrightsingle bwpadl0\" colspan=\"2\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwleftsingle bwrowaltcolor0 bwpadl0 bwwidth47\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nAmortization of intangibles<\/p><\/td><td class=\"bwvertalignb bwleftsingle bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n0.01<\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwleftsingle bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n0.02<\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwleftsingle bwrowaltcolor0 bwpadl0\" colspan=\"2\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwleftsingle bwrowaltcolor0 bwpadl0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwleftsingle bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n0.03<\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwleftsingle bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n0.04<\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwleftsingle bwrightsingle bwrowaltcolor0 bwpadl0\" colspan=\"2\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwleftsingle bwpadl0 bwwidth47\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nABI-related special items<\/p><\/td><td class=\"bwvertalignb bwleftsingle bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n0.04<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwleftsingle bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n(0.01<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n)<\/p><\/td><td class=\"bwvertalignb bwleftsingle bwpadl0\" colspan=\"2\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwleftsingle bwpadl0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwleftsingle bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n0.04<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwleftsingle bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u2014<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwleftsingle bwrightsingle bwpadl0\" colspan=\"2\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwleftsingle bwrowaltcolor0 bwpadl0 bwwidth47\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nCronos-related special items<\/p><\/td><td class=\"bwvertalignb bwleftsingle bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u2014<\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwleftsingle bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u2014<\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwleftsingle bwrowaltcolor0 bwpadl0\" colspan=\"2\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwleftsingle bwrowaltcolor0 bwpadl0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwleftsingle bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u2014<\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwleftsingle bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n(0.01<\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n)<\/p><\/td><td class=\"bwvertalignb bwleftsingle bwrightsingle bwrowaltcolor0 bwpadl0\" colspan=\"2\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwsinglebottom bwleftsingle bwpadl0 bwwidth47\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nIncome tax items<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwleftsingle bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n(0.03<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n)<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwleftsingle bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u2014<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwleftsingle bwpadl0\" colspan=\"2\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwleftsingle bwpadl0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwleftsingle bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n(0.02<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n)<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwleftsingle bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u2014<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwleftsingle bwrightsingle bwpadl0\" colspan=\"2\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwsinglebottom bwleftsingle bwrowaltcolor0 bwpadl0 bwwidth47\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n<b>Adjusted diluted EPS<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwleftsingle bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>$<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>1.48<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwleftsingle bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>$<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>1.44<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwleftsingle bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>2.8<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n<b>%<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwleftsingle bwrowaltcolor0 bwpadl0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwleftsingle bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>$<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>2.80<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwleftsingle bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>$<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>2.67<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwleftsingle bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>4.9<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwrightsingle bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n<b>%<\/b><\/p><\/td><\/tr>\n<\/table><p>\n<i>Note: For details of pre-tax, tax and after-tax amounts, see Schedule 6, 7, 8 &amp; 9<\/i><\/p><p>\n<b>Special Items<\/b><\/p><p>\n<i>The EPS impact of the following special items is shown in Table 1 and Schedules 6, 7, 8 and 9.<\/i><\/p><p>\n<b><i>Acquisition-Related Items<\/i><\/b><\/p><p>\nIn the first half of 2025, we recorded net pre-tax expense items of $95 million (or $0.05 per share), including $70 million related to the U.S. International Trade Commission\u2019s exclusion order and cease-and-desist orders prohibiting the importation and sale of <i>NJOY ACE<\/i> in the United States, partially offset by insurance recoveries from insurance contracts associated with the acquisition of NJOY. Also included was a $25 million non-cash, pre-tax charge related to a change in the fair value of contingent payments associated with the acquisition of NJOY.<\/p><p>\n<b><i>Asset Impairment, Exit and Implementation Costs<\/i><\/b><\/p><p>\nIn the second quarter and first half of 2026, we recorded pre-tax charges of $88 million (or $0.04 per share) and $94 million (or $0.04 per share), respectively, primarily due to the USSTC Facilities Consolidation.<\/p><p>\nIn the first half of 2025, we recorded pre-tax charges of $903 million (or $0.53 per share), primarily due to a non-cash impairment charge of $873 million to the e-vapor reporting unit goodwill in our all other category.<\/p><p>\n<b><i>Tobacco and Health and Certain Other Litigation Items<\/i><\/b><\/p><p>\nIn the second quarter and first half of 2026, we recorded pre-tax charges of $95 million (or $0.05 per share) and $97 million (or $0.04 per share), respectively, for tobacco and health and certain other litigation items and related interest costs.<\/p><p>\nIn the first half of 2025, we recorded pre-tax charges of $45 million (or $0.02 per share) for tobacco and health and certain other litigation items.<\/p><p>\n<b><i>Amortization of Intangibles<\/i><\/b><\/p><p>\nIn the first half of 2026, we recorded pre-tax amortization of intangibles of $46 million (or $0.03 per share).<\/p><p>\nIn the second quarter and first half of 2025, we recorded pre-tax amortization of intangibles of $37 million (or $0.02 per share) and $74 million (or $0.04 per share), respectively.<\/p><p>\n<b><i>ABI-Related Special Items<\/i><\/b><\/p><p>\nIn the second quarter and first half of 2026, we recorded net pre-tax losses of $77 million (or $0.04 per share) and $78 million (or $0.04 per share), respectively, primarily due to a dilution loss resulting from ABI\u2019s share activity that reduced our ABI ownership interest, partially offset by mark-to-market gains on certain ABI financial instruments associated with its share commitments.<\/p><p>\nThe ABI-related special items include our respective share of the amounts recorded by ABI and additional adjustments related to (i) the conversion of ABI-related special items from international financial reporting standards to GAAP and (ii) adjustments to our investment required under the equity method of accounting.<\/p><p>\n<b><i>Income Tax Items<\/i><\/b><\/p><p>\nIn the second quarter and first half of 2026, we recorded income tax items of $42 million (or $0.03 per share) and $30 million (or $0.02 per share), respectively, primarily due to a tax benefit from the resolution of prior-year tax audits, partially offset by tax expense associated with a tax basis adjustment related to our investment in ABI.<\/p><p class=\"bwalignc\">\n<b>SMOKEABLE PRODUCTS<\/b><\/p><p>\n<b>Revenues and OCI<\/b><\/p><p>\n<b>Second Quarter<\/b><\/p><ul class=\"bwlistdisc\">\n<li>\nNet revenues increased 0.7%, primarily driven by higher pricing, partially offset by higher promotional investments, lower shipment volume and a higher percentage of discount shipment volume relative to premium versus the prior year (volume mix change). Revenues net of excise taxes increased 2.0%.<\/li>\n<\/ul><ul class=\"bwlistdisc\">\n<li>\nReported OCI increased 0.4%, primarily driven by higher pricing and higher refunds of taxes and duties paid on imported cigarettes, partially offset by higher promotional investments, lower shipment volume, volume mix change, higher tobacco and health and certain other litigation items and higher costs.<\/li>\n<\/ul><ul class=\"bwlistdisc\">\n<li>\nAdjusted OCI increased 2.4%, primarily driven by higher pricing and higher refunds of taxes and duties paid on imported cigarettes, partially offset by higher promotional investments, lower shipment volume, volume mix change and higher costs. Adjusted OCI margins increased by 0.3 percentage points to 64.8%.<\/li>\n<\/ul><p>\n<b>First Half<\/b><\/p><ul class=\"bwlistdisc\">\n<li>\nNet revenues increased 1.7%, primarily driven by higher pricing, partially offset by higher promotional investments, lower shipment volume and volume mix change. Revenues net of excise taxes increased 3.5%.<\/li>\n<\/ul><ul class=\"bwlistdisc\">\n<li>\nReported and adjusted OCI increased 4.0% and 4.2%, respectively, primarily driven by higher pricing and higher refunds of taxes and duties paid on imported cigarettes, partially offset by higher promotional investments, lower shipment volume, volume mix change and higher costs. Adjusted OCI margins increased by 0.4 percentage points to 64.9%.<\/li>\n<\/ul><table cellspacing=\"0\" class=\"bwtablemarginb bwblockalignl bwwidth100\">\n<tr>\n<td class=\"bwvertalignb bwtopsingle bwleftsingle bwrightsingle bwpadl0\" colspan=\"18\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n<b>Table 2 - Smokeable Products: Revenues and OCI ($ in millions)<\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwleftsingle bwpadl0 bwwidth47\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0\" colspan=\"3\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0\" colspan=\"3\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0\" colspan=\"2\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0\" colspan=\"3\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0\" colspan=\"3\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwrightsingle bwpadl0\" colspan=\"2\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwleftsingle bwpadl0 bwwidth47\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwleftsingle bwpadl0 bwalignc\" colspan=\"8\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n<b>Second Quarter<\/b><\/p><\/td><td class=\"bwvertalignb bwleftsingle bwrightsingle bwpadl0 bwalignc bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwrightsingle bwpadl0 bwalignc\" colspan=\"8\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n<b>Six Months Ended June 30,<\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwleftsingle bwpadl0 bwwidth47\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwleftsingle bwpadl0 bwpadr0 bwpadb3 bwalignc bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignc bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n<b>2026<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignc bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwleftsingle bwpadl0 bwpadr0 bwpadb3 bwalignc bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignc bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n<b>2025<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignc bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwleftsingle bwpadl0 bwalignc\" colspan=\"2\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n<b>Change<\/b><\/p><\/td><td class=\"bwvertalignb bwleftsingle bwpadl0 bwrightsingle bwalignc bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignc bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignc bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n<b>2026<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignc bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwleftsingle bwpadl0 bwpadr0 bwpadb3 bwalignc bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignc bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n<b>2025<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignc bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwleftsingle bwrightsingle bwpadl0 bwalignc\" colspan=\"2\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n<b>Change<\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwleftsingle bwrowaltcolor0 bwpadl0 bwwidth47\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n<b>Net revenues<\/b><\/p><\/td><td class=\"bwvertalignb bwleftsingle bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>$<\/b><\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>5,392<\/b><\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>$<\/b><\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>5,357<\/b><\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwleftsingle bwrowaltcolor0 bwpadl0 bwpadr0 bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>0.7<\/b><\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n<b>%<\/b><\/p><\/td><td class=\"bwvertalignb bwleftsingle bwrowaltcolor0 bwpadl0 bwrightsingle bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>$<\/b><\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>10,150<\/b><\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>$<\/b><\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>9,979<\/b><\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwleftsingle bwrowaltcolor0 bwpadl0 bwpadr0 bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>1.7<\/b><\/p><\/td><td class=\"bwvertalignb bwrightsingle bwrowaltcolor0 bwpadl0 bwpadr0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n<b>%<\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwleftsingle bwpadl0 bwwidth47\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nExcise taxes<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwleftsingle bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n(732<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n)<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n(787<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n)<\/p><\/td><td class=\"bwvertalignb bwleftsingle bwpadl0\" colspan=\"2\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwleftsingle bwpadl0 bwrightsingle bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n(1,380<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n)<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n(1,502<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n)<\/p><\/td><td class=\"bwvertalignb bwleftsingle bwrightsingle bwpadl0\" colspan=\"2\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwleftsingle bwrowaltcolor0 bwpadl0 bwwidth47\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n<b>Revenues net of excise taxes<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwleftsingle bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>$<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>4,660<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>$<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>4,570<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwleftsingle bwrowaltcolor0 bwpadl0 bwpadr0 bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>2.0<\/b><\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n<b>%<\/b><\/p><\/td><td class=\"bwvertalignb bwleftsingle bwrowaltcolor0 bwpadl0 bwrightsingle bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>$<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>8,770<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>$<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>8,477<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwleftsingle bwrowaltcolor0 bwpadl0 bwpadr0 bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>3.5<\/b><\/p><\/td><td class=\"bwvertalignb bwrightsingle bwrowaltcolor0 bwpadl0 bwpadr0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n<b>%<\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwleftsingle bwpadl0 bwwidth47\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwleftsingle bwpadl0 bwtopsingle\" colspan=\"3\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwtopsingle\" colspan=\"3\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwleftsingle bwpadl0\" colspan=\"2\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwleftsingle bwpadl0 bwrightsingle bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwtopsingle\" colspan=\"3\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwtopsingle\" colspan=\"3\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwleftsingle bwrightsingle bwpadl0\" colspan=\"2\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwleftsingle bwrowaltcolor0 bwpadl0 bwwidth47\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n<b>Reported OCI<\/b><\/p><\/td><td class=\"bwvertalignb bwleftsingle bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>$<\/b><\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>2,942<\/b><\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>$<\/b><\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>2,930<\/b><\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwleftsingle bwrowaltcolor0 bwpadl0 bwpadr0 bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>0.4<\/b><\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n<b>%<\/b><\/p><\/td><td class=\"bwvertalignb bwleftsingle bwrowaltcolor0 bwpadl0 bwrightsingle bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>$<\/b><\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>5,615<\/b><\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>$<\/b><\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>5,399<\/b><\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwleftsingle bwrowaltcolor0 bwpadl0 bwpadr0 bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>4.0<\/b><\/p><\/td><td class=\"bwvertalignb bwrightsingle bwrowaltcolor0 bwpadl0 bwpadr0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n<b>%<\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwleftsingle bwpadl0 bwwidth47\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nNPM Adjustment Items<\/p><\/td><td class=\"bwvertalignb bwleftsingle bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u2014<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u2014<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwleftsingle bwpadl0\" colspan=\"2\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwleftsingle bwpadl0 bwrightsingle bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n(4<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n)<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u2014<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwleftsingle bwrightsingle bwpadl0\" colspan=\"2\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwleftsingle bwrowaltcolor0 bwpadl0 bwwidth47\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nAsset impairment, exit and implementation costs<\/p><\/td><td class=\"bwvertalignb bwleftsingle bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n9<\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n13<\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwleftsingle bwrowaltcolor0 bwpadl0\" colspan=\"2\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwleftsingle bwrowaltcolor0 bwpadl0 bwrightsingle bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n14<\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n26<\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwleftsingle bwrightsingle bwrowaltcolor0 bwpadl0\" colspan=\"2\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwleftsingle bwpadl0 bwwidth47\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nTobacco and health and certain other litigation items<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwleftsingle bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n67<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n4<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwleftsingle bwpadl0\" colspan=\"2\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwleftsingle bwpadl0 bwrightsingle bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n69<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n40<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwleftsingle bwrightsingle bwpadl0\" colspan=\"2\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwleftsingle bwrowaltcolor0 bwpadl0 bwwidth47\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n<b>Adjusted OCI<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwleftsingle bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>$<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>3,018<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>$<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>2,947<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwleftsingle bwrowaltcolor0 bwpadl0 bwpadr0 bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>2.4<\/b><\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n<b>%<\/b><\/p><\/td><td class=\"bwvertalignb bwleftsingle bwrowaltcolor0 bwpadl0 bwrightsingle bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>$<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>5,694<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>$<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>5,465<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwleftsingle bwrowaltcolor0 bwpadl0 bwpadr0 bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>4.2<\/b><\/p><\/td><td class=\"bwvertalignb bwrightsingle bwrowaltcolor0 bwpadl0 bwpadr0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n<b>%<\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwleftsingle bwpadl0 bwwidth47\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n<b>Reported OCI margins <sup>1<\/sup><\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwleftsingle bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1 bwtopsingle\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth7 bwtopsingle\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>63.1<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1 bwtopsingle\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n<b>%<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1 bwtopsingle\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth7 bwtopsingle\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>64.1<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1 bwtopsingle\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n<b>%<\/b><\/p><\/td><td class=\"bwvertalignb bwleftsingle bwpadl0\" colspan=\"2\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>(1.0) pp<\/b><\/p><\/td><td class=\"bwvertalignb bwleftsingle bwpadl0 bwrightsingle bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1 bwtopsingle\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth7 bwtopsingle\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>64.0<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1 bwtopsingle\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n<b>%<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1 bwtopsingle\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth7 bwtopsingle\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>63.7<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1 bwtopsingle\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n<b>%<\/b><\/p><\/td><td class=\"bwvertalignb bwleftsingle bwrightsingle bwpadl0\" colspan=\"2\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>0.3 pp<\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwsinglebottom bwleftsingle bwrowaltcolor0 bwpadl0 bwwidth47\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n<b>Adjusted OCI margins <sup>1<\/sup><\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwleftsingle bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>64.8<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n<b>%<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>64.5<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n<b>%<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwleftsingle bwrowaltcolor0 bwpadl0\" colspan=\"2\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>0.3 pp<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwleftsingle bwrowaltcolor0 bwpadl0 bwrightsingle bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>64.9<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n<b>%<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>64.5<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n<b>%<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwleftsingle bwrightsingle bwrowaltcolor0 bwpadl0\" colspan=\"2\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>0.4 pp<\/b><\/p><\/td><\/tr>\n<\/table><p>\n<i><sup>1<\/sup> <\/i><i>Reported and adjusted OCI margins are calculated as reported and adjusted OCI, respectively, divided by revenues net of excise taxes.<\/i><\/p><p>\n<b>Shipment Volume<\/b><\/p><p>\n<b>Second Quarter<\/b><\/p><ul class=\"bwlistdisc\">\n<li>\nSmokeable products segment reported domestic cigarette shipment volume decreased 3.2%, primarily driven by the industry\u2019s decline rate (impacted by continued discretionary income pressures on ANCs), partially offset by trade inventory movements and retail share gains.<\/li>\n<\/ul><ul class=\"bwlistdisc\">\n<li>\nWhen adjusted for trade inventory movements, smokeable products segment domestic cigarette shipment volume decreased by an estimated 4.5%.<\/li>\n<\/ul><ul class=\"bwlistdisc\">\n<li>\nWhen adjusted for trade inventory movements, total domestic cigarette industry volume decreased by an estimated 5%.<\/li>\n<\/ul><ul class=\"bwlistdisc\">\n<li>\nReported cigar shipment volume increased 5.0%.<\/li>\n<\/ul><p>\n<b>First Half<\/b><\/p><ul class=\"bwlistdisc\">\n<li>\nSmokeable products segment reported domestic cigarette shipment volume decreased 2.8%, primarily driven by the industry\u2019s decline rate (impacted by continued discretionary income pressures on ANCs), partially offset by trade inventory movements and retail share gains.<\/li>\n<\/ul><ul class=\"bwlistdisc\">\n<li>\nWhen adjusted for trade inventory movements, smokeable products segment domestic cigarette shipment volume decreased by an estimated 4%.<\/li>\n<\/ul><ul class=\"bwlistdisc\">\n<li>\nWhen adjusted for trade inventory movements, total domestic cigarette industry volume decreased by an estimated 5%.<\/li>\n<\/ul><ul class=\"bwlistdisc\">\n<li>\nReported cigar shipment volume increased 2.6%.<\/li>\n<\/ul><table cellspacing=\"0\" class=\"bwtablemarginb bwblockalignl bwwidth100\">\n<tr>\n<td class=\"bwvertalignb bwtopsingle bwleftsingle bwrightsingle bwpadl0\" colspan=\"14\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n<b>Table 3 - Smokeable Products: Reported Shipment Volume (sticks in millions)<\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwleftsingle bwpadl0 bwwidth51\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwsinglebottom bwwidth1\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwsinglebottom bwpadl0 bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwsinglebottom bwwidth1\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwsinglebottom bwpadl0\" colspan=\"2\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwsinglebottom bwwidth1\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwsinglebottom bwpadl0 bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwsinglebottom bwwidth1\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwsinglebottom bwrightsingle bwpadl0\" colspan=\"2\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwleftsingle bwpadl0 bwwidth51\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwleftsingle bwpadl0 bwalignc\" colspan=\"6\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n<b>Second Quarter<\/b><\/p><\/td><td class=\"bwvertalignb bwleftsingle bwpadl0 bwalignc bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwleftsingle bwrightsingle bwpadl0 bwalignc\" colspan=\"6\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n<b>Six Months Ended June 30,<\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwleftsingle bwpadl0 bwwidth51\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwleftsingle bwpadl0 bwpadr0 bwpadb3 bwalignc bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n<b>2026<\/b><\/p><\/td><td class=\"bwsinglebottom bwwidth1\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwsinglebottom bwleftsingle bwpadl0 bwpadr0 bwpadb3 bwalignc bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n<b>2025<\/b><\/p><\/td><td class=\"bwsinglebottom bwwidth1\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwsinglebottom bwleftsingle bwpadl0 bwalignc\" colspan=\"2\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n<b>Change<\/b><\/p><\/td><td class=\"bwvertalignb bwleftsingle bwpadl0 bwalignc bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwleftsingle bwpadl0 bwpadr0 bwpadb3 bwalignc bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n<b>2026<\/b><\/p><\/td><td class=\"bwsinglebottom bwwidth1\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwsinglebottom bwleftsingle bwpadl0 bwpadr0 bwpadb3 bwalignc bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n<b>2025<\/b><\/p><\/td><td class=\"bwsinglebottom bwwidth1\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwsinglebottom bwleftsingle bwrightsingle bwpadl0 bwalignc\" colspan=\"2\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n<b>Change<\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwleftsingle bwpadl0 bwwidth51 bwrowaltcolor0\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n<b>Cigarettes:<\/b><\/p><\/td><td class=\"bwvertalignb bwleftsingle bwpadl0 bwwidth7 bwrowaltcolor0\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwwidth1 bwrowaltcolor0\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwpadl0 bwwidth7 bwrowaltcolor0\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwwidth1 bwrowaltcolor0\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwleftsingle bwpadl0 bwrowaltcolor0\" colspan=\"2\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwleftsingle bwpadl0 bwwidth1 bwrowaltcolor0\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwleftsingle bwpadl0 bwwidth7 bwrowaltcolor0\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwwidth1 bwrowaltcolor0\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwpadl0 bwwidth7 bwrowaltcolor0\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwwidth1 bwrowaltcolor0\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwleftsingle bwrightsingle bwpadl0 bwrowaltcolor0\" colspan=\"2\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwleftsingle bwpadl5 bwwidth51\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n<b><i>Marlboro<\/i><\/b><\/p><\/td><td class=\"bwvertalignb bwleftsingle bwpadl0 bwpadr0 bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n13,389<\/p><\/td><td class=\"bwwidth1\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n14,458<\/p><\/td><td class=\"bwwidth1\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwleftsingle bwpadl0 bwpadr0 bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n(7.4<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n)%<\/p><\/td><td class=\"bwvertalignb bwleftsingle bwpadl0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwleftsingle bwpadl0 bwpadr0 bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n25,349<\/p><\/td><td class=\"bwwidth1\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n27,436<\/p><\/td><td class=\"bwwidth1\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwleftsingle bwpadl0 bwpadr0 bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n(7.6<\/p><\/td><td class=\"bwvertalignb bwrightsingle bwpadl0 bwpadr0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n)%<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwleftsingle bwpadl5 bwwidth51 bwrowaltcolor0\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n<b>Other premium<\/b><\/p><\/td><td class=\"bwvertalignb bwleftsingle bwpadl0 bwpadr0 bwwidth7 bwrowaltcolor0\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n678<\/p><\/td><td class=\"bwwidth1 bwrowaltcolor0\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth7 bwrowaltcolor0\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n719<\/p><\/td><td class=\"bwwidth1 bwrowaltcolor0\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwleftsingle bwpadl0 bwpadr0 bwwidth7 bwrowaltcolor0\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n(5.7<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth1 bwrowaltcolor0\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n)%<\/p><\/td><td class=\"bwvertalignb bwleftsingle bwpadl0 bwwidth1 bwrowaltcolor0\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwleftsingle bwpadl0 bwpadr0 bwwidth7 bwrowaltcolor0\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n1,279<\/p><\/td><td class=\"bwwidth1 bwrowaltcolor0\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth7 bwrowaltcolor0\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n1,397<\/p><\/td><td class=\"bwwidth1 bwrowaltcolor0\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwleftsingle bwpadl0 bwpadr0 bwwidth7 bwrowaltcolor0\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n(8.4<\/p><\/td><td class=\"bwvertalignb bwrightsingle bwpadl0 bwpadr0 bwwidth1 bwrowaltcolor0\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n)%<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwleftsingle bwpadl5 bwwidth51\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n<b>Discount<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwleftsingle bwpadl0 bwpadr0 bwpadb3 bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n1,487<\/p><\/td><td class=\"bwsinglebottom bwwidth1\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n889<\/p><\/td><td class=\"bwwidth1 bwsinglebottom\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwleftsingle bwpadl0 bwpadr0 bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n67.3<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n%<\/p><\/td><td class=\"bwvertalignb bwleftsingle bwpadl0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwleftsingle bwpadl0 bwpadr0 bwpadb3 bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n2,793<\/p><\/td><td class=\"bwsinglebottom bwwidth1\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n1,437<\/p><\/td><td class=\"bwwidth1 bwsinglebottom\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwleftsingle bwpadl0 bwpadr0 bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n94.4<\/p><\/td><td class=\"bwvertalignb bwrightsingle bwpadl0 bwpadr0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n%<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwleftsingle bwpadl0 bwwidth51 bwrowaltcolor0\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n<b>Total domestic cigarettes <sup>1<\/sup><\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwleftsingle bwpadl0 bwpadr0 bwpadb3 bwwidth7 bwrowaltcolor0\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>15,554<\/b><\/p><\/td><td class=\"bwsinglebottom bwwidth1 bwrowaltcolor0\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth7 bwrowaltcolor0\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>16,066<\/b><\/p><\/td><td class=\"bwwidth1 bwrowaltcolor0 bwsinglebottom\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwleftsingle bwpadl0 bwpadr0 bwwidth7 bwrowaltcolor0\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>(3.2<\/b><\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth1 bwrowaltcolor0\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n<b>)%<\/b><\/p><\/td><td class=\"bwvertalignb bwleftsingle bwpadl0 bwwidth1 bwrowaltcolor0\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwleftsingle bwpadl0 bwpadr0 bwpadb3 bwwidth7 bwrowaltcolor0\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>29,421<\/b><\/p><\/td><td class=\"bwsinglebottom bwwidth1 bwrowaltcolor0\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth7 bwrowaltcolor0\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>30,270<\/b><\/p><\/td><td class=\"bwwidth1 bwrowaltcolor0 bwsinglebottom\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwleftsingle bwpadl0 bwpadr0 bwwidth7 bwrowaltcolor0\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>(2.8<\/b><\/p><\/td><td class=\"bwvertalignb bwrightsingle bwpadl0 bwpadr0 bwwidth1 bwrowaltcolor0\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n<b>)%<\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwleftsingle bwpadl0 bwwidth51\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwleftsingle bwpadl0 bwtopsingle bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwtopsingle bwwidth1\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwpadl0 bwtopsingle bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwwidth1 bwtopsingle\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwleftsingle bwpadl0\" colspan=\"2\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwleftsingle bwpadl0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwleftsingle bwpadl0 bwtopsingle bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwtopsingle bwwidth1\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwpadl0 bwtopsingle bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwwidth1 bwtopsingle\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwleftsingle bwrightsingle bwpadl0\" colspan=\"2\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwleftsingle bwpadl0 bwwidth51 bwrowaltcolor0\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n<b>Cigars:<\/b><\/p><\/td><td class=\"bwvertalignb bwleftsingle bwpadl0 bwwidth7 bwrowaltcolor0\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwwidth1 bwrowaltcolor0\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwpadl0 bwwidth7 bwrowaltcolor0\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwwidth1 bwrowaltcolor0\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwleftsingle bwpadl0 bwrowaltcolor0\" colspan=\"2\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwleftsingle bwpadl0 bwwidth1 bwrowaltcolor0\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwleftsingle bwpadl0 bwwidth7 bwrowaltcolor0\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwwidth1 bwrowaltcolor0\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwpadl0 bwwidth7 bwrowaltcolor0\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwwidth1 bwrowaltcolor0\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwleftsingle bwrightsingle bwpadl0 bwrowaltcolor0\" colspan=\"2\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwleftsingle bwpadl4 bwwidth51\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n<b><i>Black &amp; Mild<\/i><\/b><\/p><\/td><td class=\"bwvertalignb bwleftsingle bwpadl0 bwpadr0 bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n503<\/p><\/td><td class=\"bwwidth1\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n478<\/p><\/td><td class=\"bwwidth1\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwleftsingle bwpadl0 bwpadr0 bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n5.2<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n%<\/p><\/td><td class=\"bwvertalignb bwleftsingle bwpadl0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwleftsingle bwpadl0 bwpadr0 bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n906<\/p><\/td><td class=\"bwwidth1\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n883<\/p><\/td><td class=\"bwwidth1\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwleftsingle bwpadl0 bwpadr0 bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n2.6<\/p><\/td><td class=\"bwvertalignb bwrightsingle bwpadl0 bwpadr0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n%<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwleftsingle bwpadl4 bwwidth51 bwrowaltcolor0\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n<b>Other<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwleftsingle bwpadl0 bwpadr0 bwpadb3 bwwidth7 bwrowaltcolor0\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u2014<\/p><\/td><td class=\"bwsinglebottom bwwidth1 bwrowaltcolor0\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth7 bwrowaltcolor0\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n1<\/p><\/td><td class=\"bwwidth1 bwrowaltcolor0 bwsinglebottom\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwleftsingle bwpadl0 bwpadr0 bwwidth7 bwrowaltcolor0\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n(100<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth1 bwrowaltcolor0\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n)%<\/p><\/td><td class=\"bwvertalignb bwleftsingle bwpadl0 bwwidth1 bwrowaltcolor0\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwleftsingle bwpadl0 bwpadr0 bwpadb3 bwwidth7 bwrowaltcolor0\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n1<\/p><\/td><td class=\"bwsinglebottom bwwidth1 bwrowaltcolor0\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth7 bwrowaltcolor0\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n1<\/p><\/td><td class=\"bwwidth1 bwrowaltcolor0 bwsinglebottom\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwleftsingle bwpadl0 bwpadr0 bwwidth7 bwrowaltcolor0\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u2014<\/p><\/td><td class=\"bwvertalignb bwrightsingle bwpadl0 bwpadr0 bwwidth1 bwrowaltcolor0\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n%<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwleftsingle bwpadl0 bwwidth51\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n<b>Total cigars<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwleftsingle bwpadl0 bwpadr0 bwpadb3 bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>503<\/b><\/p><\/td><td class=\"bwsinglebottom bwwidth1\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>479<\/b><\/p><\/td><td class=\"bwwidth1 bwsinglebottom\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwleftsingle bwpadl0 bwpadr0 bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>5.0<\/b><\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n<b>%<\/b><\/p><\/td><td class=\"bwvertalignb bwleftsingle bwpadl0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwleftsingle bwpadl0 bwpadr0 bwpadb3 bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>907<\/b><\/p><\/td><td class=\"bwsinglebottom bwwidth1\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>884<\/b><\/p><\/td><td class=\"bwwidth1 bwsinglebottom\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwleftsingle bwpadl0 bwpadr0 bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>2.6<\/b><\/p><\/td><td class=\"bwvertalignb bwrightsingle bwpadl0 bwpadr0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n<b>%<\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwleftsingle bwpadl0 bwwidth51 bwrowaltcolor0\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwleftsingle bwpadl0 bwtopsingle bwwidth7 bwrowaltcolor0\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwsinglebottom bwtopsingle bwwidth1 bwrowaltcolor0\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwsinglebottom bwpadl0 bwtopsingle bwwidth7 bwrowaltcolor0\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwwidth1 bwrowaltcolor0 bwtopsingle\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwleftsingle bwpadl0 bwrowaltcolor0\" colspan=\"2\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwleftsingle bwpadl0 bwwidth1 bwrowaltcolor0\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwleftsingle bwpadl0 bwtopsingle bwwidth7 bwrowaltcolor0\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwsinglebottom bwtopsingle bwwidth1 bwrowaltcolor0\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwsinglebottom bwpadl0 bwtopsingle bwwidth7 bwrowaltcolor0\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwwidth1 bwrowaltcolor0 bwtopsingle\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwleftsingle bwrightsingle bwpadl0 bwrowaltcolor0\" colspan=\"2\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwleftsingle bwpadl0 bwwidth51\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n<b>Total domestic smokeable products<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwleftsingle bwpadl0 bwpadr0 bwpadb3 bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>16,057<\/b><\/p><\/td><td class=\"bwsinglebottom bwwidth1\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>16,545<\/b><\/p><\/td><td class=\"bwwidth1 bwsinglebottom\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwleftsingle bwpadl0 bwpadr0 bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>(2.9<\/b><\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n<b>)%<\/b><\/p><\/td><td class=\"bwvertalignb bwleftsingle bwpadl0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwleftsingle bwpadl0 bwpadr0 bwpadb3 bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>30,328<\/b><\/p><\/td><td class=\"bwsinglebottom bwwidth1\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>31,154<\/b><\/p><\/td><td class=\"bwwidth1 bwsinglebottom\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwleftsingle bwpadl0 bwpadr0 bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>(2.7<\/b><\/p><\/td><td class=\"bwvertalignb bwrightsingle bwpadl0 bwpadr0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n<b>)%<\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwleftsingle bwpadl0 bwwidth51 bwrowaltcolor0\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwleftsingle bwpadl0 bwtopsingle bwwidth7 bwrowaltcolor0\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwtopsingle bwwidth1 bwrowaltcolor0\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwpadl0 bwtopsingle bwwidth7 bwrowaltcolor0\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwwidth1 bwrowaltcolor0 bwtopsingle\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwleftsingle bwpadl0 bwrowaltcolor0\" colspan=\"2\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwleftsingle bwpadl0 bwwidth1 bwrowaltcolor0\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwleftsingle bwpadl0 bwtopsingle bwwidth7 bwrowaltcolor0\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwtopsingle bwwidth1 bwrowaltcolor0\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwpadl0 bwtopsingle bwwidth7 bwrowaltcolor0\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwwidth1 bwrowaltcolor0 bwtopsingle\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwleftsingle bwrightsingle bwpadl0 bwrowaltcolor0\" colspan=\"2\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwsinglebottom bwleftsingle bwpadl0 bwwidth51\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n<b>Contract manufactured export cigarettes <sup>2<\/sup><\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwleftsingle bwpadl0 bwpadr0 bwpadb3 bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>736<\/b><\/p><\/td><td class=\"bwwidth1 bwsinglebottom\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>475<\/b><\/p><\/td><td class=\"bwwidth1 bwsinglebottom\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwsinglebottom bwleftsingle bwpadl0 bwpadr0 bwpadb3 bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>54.9<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n<b>%<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwleftsingle bwpadl0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwleftsingle bwpadl0 bwpadr0 bwpadb3 bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>1,346<\/b><\/p><\/td><td class=\"bwwidth1 bwsinglebottom\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>475<\/b><\/p><\/td><td class=\"bwwidth1 bwsinglebottom\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwsinglebottom bwleftsingle bwrightsingle bwpadl0\" colspan=\"2\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>100%+<\/b><\/p><\/td><\/tr>\n<\/table><p>\n<i><sup>1<\/sup> Domestic cigarettes shipment volume includes Marlboro; Other premium brands, such as Virginia Slims and Parliament; and Discount brands, which include L&amp;M and Basic. Domestic cigarettes volume includes units sold as well as promotional units sold for distribution in the U.S. and excludes units sold for distribution to Puerto Rico, U.S. Territories to overseas military and by Philip Morris Duty Free Inc., none of which, individually or in the aggregate, is material to our smokeable products segment.<\/i><\/p><p>\n<i><sup>2 <\/sup>Contract manufactured export cigarettes shipment volume represents contract manufactured cigarettes for third parties that market and sell tobacco products outside the U.S.<\/i><\/p><p>\n<b>Retail Share and Brand Activity<\/b><\/p><p>\n<b>Second Quarter<\/b><\/p><ul class=\"bwlistdisc\">\n<li>\n<i>Marlboro<\/i> retail share of the total cigarette category was 39.5%, a decrease of 1.5 share points versus the prior year and 0.2 share points sequentially. <i>Marlboro<\/i> share of the premium segment was 59.6%, unchanged versus the prior year and an increase of 0.1 share point sequentially.<\/li>\n<\/ul><ul class=\"bwlistdisc\">\n<li>\nThe cigarette industry discount retail share was 33.8%, an increase of 2.6 share points versus the prior year and 0.5 share points sequentially, primarily due to continued discretionary income pressures on ANCs.<\/li>\n<\/ul><p>\n<b>First Half<\/b><\/p><ul class=\"bwlistdisc\">\n<li>\n<i>Marlboro<\/i> retail share of the total cigarette category was 39.6%, a decrease of 1.4 share points. <i>Marlboro<\/i> share of the premium segment was 59.6%, an increase of 0.1 share point.<\/li>\n<\/ul><ul class=\"bwlistdisc\">\n<li>\nThe cigarette industry discount retail share was 33.6%, an increase of 2.6 share points, primarily due to continued discretionary income pressures on ANCs.<\/li>\n<\/ul><table cellspacing=\"0\" class=\"bwtablemarginb bwblockalignl bwwidth100\">\n<tr>\n<td class=\"bwvertalignb bwtopsingle bwleftsingle bwrightsingle bwpadl0\" colspan=\"8\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n<b>Table 4 - Smokeable Products: Domestic Cigarettes Retail Share (percent)<\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwleftsingle bwpadl0 bwsinglebottom\" colspan=\"4\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwwidth10\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwwidth10\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwrightsingle bwpadl0 bwwidth10\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwleftsingle bwpadl0 bwwidth38\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwleftsingle bwpadl0 bwalignc\" colspan=\"3\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n<b>Second Quarter<\/b><\/p><\/td><td class=\"bwvertalignb bwleftsingle bwrightsingle bwpadl0 bwalignc bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwrightsingle bwpadl0 bwalignc\" colspan=\"3\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n<b>Six Months Ended June 30,<\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwleftsingle bwpadl0 bwwidth38\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwleftsingle bwpadl0 bwpadr0 bwpadb3 bwalignc bwwidth10\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n<b>2026<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwleftsingle bwpadl0 bwpadr0 bwpadb3 bwalignc bwwidth10\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n<b>2025<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwleftsingle bwpadl0 bwalignc bwwidth10\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n<b>Percentage\n<br\/>point\n<br\/>change<\/b><\/p><\/td><td class=\"bwvertalignb bwleftsingle bwpadl0 bwrightsingle bwalignc bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignc bwwidth10\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n<b>2026<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwleftsingle bwpadl0 bwpadr0 bwpadb3 bwalignc bwwidth10\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n<b>2025<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwleftsingle bwrightsingle bwpadl0 bwalignc bwwidth10\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n<b>Percentage\n<br\/>point\n<br\/>change<\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwleftsingle bwrowaltcolor0 bwpadl0 bwwidth38\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n<b>Cigarettes:<\/b><\/p><\/td><td class=\"bwvertalignb bwleftsingle bwrowaltcolor0 bwpadl0 bwalignc bwwidth10\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwalignc bwwidth10\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwleftsingle bwrowaltcolor0 bwpadl0 bwalignc bwwidth10\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwleftsingle bwrowaltcolor0 bwpadl0 bwrightsingle bwalignc bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwalignc bwwidth10\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwalignc bwwidth10\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwleftsingle bwrightsingle bwrowaltcolor0 bwpadl0 bwalignc bwwidth10\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n\u00a0<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwleftsingle bwwidth38 bwpadl4\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n<b><i>Marlboro<\/i><\/b><\/p><\/td><td class=\"bwvertalignb bwleftsingle bwpadl0 bwpadr0 bwalignc bwwidth10\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n39.5%<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignc bwwidth10\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n41.0%<\/p><\/td><td class=\"bwvertalignb bwleftsingle bwpadl0 bwpadr0 bwalignc bwwidth10\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n(1.5)<\/p><\/td><td class=\"bwvertalignb bwleftsingle bwpadl0 bwrightsingle bwalignc bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignc bwwidth10\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n39.6%<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignc bwwidth10\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n41.0%<\/p><\/td><td class=\"bwvertalignb bwleftsingle bwrightsingle bwpadl0 bwpadr0 bwalignc bwwidth10\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n(1.4)<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwleftsingle bwrowaltcolor0 bwwidth38 bwpadl4\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n<b>Other premium<\/b><\/p><\/td><td class=\"bwvertalignb bwleftsingle bwrowaltcolor0 bwpadl0 bwpadr0 bwalignc bwwidth10\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n2.1<\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignc bwwidth10\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n2.2<\/p><\/td><td class=\"bwvertalignb bwleftsingle bwrowaltcolor0 bwpadl0 bwpadr0 bwalignc bwwidth10\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n(0.1)<\/p><\/td><td class=\"bwvertalignb bwleftsingle bwrowaltcolor0 bwpadl0 bwrightsingle bwalignc bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignc bwwidth10\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n2.1<\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignc bwwidth10\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n2.2<\/p><\/td><td class=\"bwvertalignb bwleftsingle bwrightsingle bwrowaltcolor0 bwpadl0 bwpadr0 bwalignc bwwidth10\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n(0.1)<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwleftsingle bwwidth38 bwpadl4\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n<b>Discount<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwleftsingle bwpadl0 bwpadr0 bwpadb3 bwalignc bwwidth10\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n3.9<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignc bwwidth10\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n2.0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwleftsingle bwpadl0 bwpadr0 bwpadb3 bwalignc bwwidth10\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n1.9<\/p><\/td><td class=\"bwvertalignb bwleftsingle bwpadl0 bwrightsingle bwalignc bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignc bwwidth10\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n3.8<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignc bwwidth10\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n1.9<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwleftsingle bwrightsingle bwpadl0 bwpadr0 bwpadb3 bwalignc bwwidth10\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n1.9<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwsinglebottom bwleftsingle bwrowaltcolor0 bwpadl0 bwwidth38\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n<b>Total cigarettes<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwleftsingle bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignc bwwidth10\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n<b>45.5%<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignc bwwidth10\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n<b>45.2%<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwleftsingle bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignc bwwidth10\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n<b>0.3<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwleftsingle bwrowaltcolor0 bwpadl0 bwrightsingle bwalignc bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignc bwwidth10\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n<b>45.5%<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignc bwwidth10\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n<b>45.1%<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwleftsingle bwrightsingle bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignc bwwidth10\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n<b>0.4<\/b><\/p><\/td><\/tr>\n<\/table><p>\n<i>Note: Retail share results for cigarettes are based on data from Circana, LLC (Circana) as well as MSAi. Circana maintains a blended retail service that uses a sample of stores and certain wholesale shipments to project market share and depict share trends. This service tracks sales in the food, drug, mass merchandisers, convenience, military, dollar store and club trade classes. For other trade classes selling cigarettes, retail share is based on shipments from wholesalers to retailers through the Store Tracking Analytical Reporting System (STARS), as provided by MSAi. This service is not designed to capture sales through other channels, including the internet, direct mail and some tax-advantaged outlets. It is the standard practice of retail services to periodically refresh their retail scan services, which could restate retail share results that were previously released in these services.<\/i><\/p><p class=\"bwalignc\">\n<b>ORAL TOBACCO PRODUCTS<\/b><\/p><p>\n<b>Revenues and OCI<\/b><\/p><p>\n<b>Second Quarter<\/b><\/p><ul class=\"bwlistdisc\">\n<li>\nNet revenues decreased 5.3%, primarily driven by lower shipment volume and higher promotional investments, partially offset by higher pricing. Revenues net of excise taxes decreased 5.2%.<\/li>\n<\/ul><ul class=\"bwlistdisc\">\n<li>\nReported OCI decreased 23.5%, primarily driven by 2026 costs related to the USSTC Facilities Consolidation, lower shipment volume and higher promotional investments, partially offset by higher pricing.<\/li>\n<\/ul><ul class=\"bwlistdisc\">\n<li>\nAdjusted OCI decreased 8.0%, primarily driven by lower shipment volume and higher promotional investments, partially offset by higher pricing. Adjusted OCI margins decreased 2.0 percentage points to 66.7%.<\/li>\n<\/ul><p>\n<b>First Half<\/b><\/p><ul class=\"bwlistdisc\">\n<li>\nNet revenues decreased 1.8%, primarily driven by lower shipment volume and higher promotional investments, partially offset by higher pricing. Revenues net of excise taxes decreased 1.5%.<\/li>\n<\/ul><ul class=\"bwlistdisc\">\n<li>\nReported OCI decreased 12.4%, primarily driven by lower shipment volume, 2026 costs related to the USSTC Facilities Consolidation, higher promotional investments and higher costs, partially offset by higher pricing.<\/li>\n<\/ul><ul class=\"bwlistdisc\">\n<li>\nAdjusted OCI decreased 4.2%, primarily driven by lower shipment volume, higher promotional investments and higher costs, partially offset by higher pricing. Adjusted OCI margins decreased 1.9 percentage points to 67.0%.<\/li>\n<\/ul><table cellspacing=\"0\" class=\"bwtablemarginb bwblockalignl bwwidth100\">\n<tr>\n<td class=\"bwvertalignb bwtopsingle bwleftsingle bwrightsingle bwpadl0\" colspan=\"18\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n<b>Table 5 - Oral Tobacco Products: Revenues and OCI ($ in millions)<\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwleftsingle bwpadl0 bwwidth47\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0\" colspan=\"3\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0\" colspan=\"3\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0\" colspan=\"2\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0\" colspan=\"3\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0\" colspan=\"3\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwrightsingle bwpadl0\" colspan=\"2\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwleftsingle bwpadl0 bwwidth47\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwleftsingle bwpadl0 bwalignc\" colspan=\"8\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n<b>Second Quarter<\/b><\/p><\/td><td class=\"bwvertalignb bwleftsingle bwrightsingle bwpadl0 bwalignc bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwrightsingle bwpadl0 bwalignc\" colspan=\"8\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n<b>Six Months Ended June 30,<\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwleftsingle bwpadl0 bwwidth47\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwleftsingle bwpadl0 bwpadr0 bwpadb3 bwalignc bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignc bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n<b>2026<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignc bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwleftsingle bwpadl0 bwpadr0 bwpadb3 bwalignc bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignc bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n<b>2025<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignc bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwleftsingle bwpadl0 bwalignc\" colspan=\"2\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n<b>Change<\/b><\/p><\/td><td class=\"bwvertalignb bwleftsingle bwpadl0 bwrightsingle bwalignc bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignc bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignc bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n<b>2026<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignc bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwleftsingle bwpadl0 bwpadr0 bwpadb3 bwalignc bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignc bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n<b>2025<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignc bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwleftsingle bwrightsingle bwpadl0 bwalignc\" colspan=\"2\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n<b>Change<\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwleftsingle bwrowaltcolor0 bwpadl0 bwwidth47\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n<b>Net revenues<\/b><\/p><\/td><td class=\"bwvertalignb bwleftsingle bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>$<\/b><\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>713<\/b><\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>$<\/b><\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>753<\/b><\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwleftsingle bwrowaltcolor0 bwpadl0 bwpadr0 bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>(5.3<\/b><\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n<b>)%<\/b><\/p><\/td><td class=\"bwvertalignb bwleftsingle bwrowaltcolor0 bwpadl0 bwrightsingle bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>$<\/b><\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>1,382<\/b><\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>$<\/b><\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>1,407<\/b><\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwleftsingle bwrowaltcolor0 bwpadl0 bwpadr0 bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>(1.8<\/b><\/p><\/td><td class=\"bwvertalignb bwrightsingle bwrowaltcolor0 bwpadl0 bwpadr0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n<b>)%<\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwleftsingle bwpadl0 bwwidth47\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nExcise taxes<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwleftsingle bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n(23<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n)<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n(25<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n)<\/p><\/td><td class=\"bwvertalignb bwleftsingle bwpadl0\" colspan=\"2\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwleftsingle bwpadl0 bwrightsingle bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n(45<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n)<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n(50<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n)<\/p><\/td><td class=\"bwvertalignb bwleftsingle bwrightsingle bwpadl0\" colspan=\"2\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwleftsingle bwrowaltcolor0 bwpadl0 bwwidth47\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n<b>Revenues net of excise taxes<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwleftsingle bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>$<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>690<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>$<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>728<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwleftsingle bwrowaltcolor0 bwpadl0 bwpadr0 bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>(5.2<\/b><\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n<b>)%<\/b><\/p><\/td><td class=\"bwvertalignb bwleftsingle bwrowaltcolor0 bwpadl0 bwrightsingle bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>$<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>1,337<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>$<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>1,357<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwleftsingle bwrowaltcolor0 bwpadl0 bwpadr0 bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>(1.5<\/b><\/p><\/td><td class=\"bwvertalignb bwrightsingle bwrowaltcolor0 bwpadl0 bwpadr0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n<b>)%<\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwleftsingle bwpadl0 bwwidth47\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwleftsingle bwpadl0 bwtopsingle\" colspan=\"3\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwtopsingle\" colspan=\"3\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwleftsingle bwpadl0\" colspan=\"2\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwleftsingle bwpadl0 bwrightsingle bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwtopsingle\" colspan=\"3\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwtopsingle\" colspan=\"3\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwleftsingle bwrightsingle bwpadl0\" colspan=\"2\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwleftsingle bwrowaltcolor0 bwpadl0 bwwidth47\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n<b>Reported OCI<\/b><\/p><\/td><td class=\"bwvertalignb bwleftsingle bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>$<\/b><\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>381<\/b><\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>$<\/b><\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>498<\/b><\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwleftsingle bwrowaltcolor0 bwpadl0 bwpadr0 bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>(23.5<\/b><\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n<b>)%<\/b><\/p><\/td><td class=\"bwvertalignb bwleftsingle bwrowaltcolor0 bwpadl0 bwrightsingle bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>$<\/b><\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>816<\/b><\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>$<\/b><\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>931<\/b><\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwleftsingle bwrowaltcolor0 bwpadl0 bwpadr0 bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>(12.4<\/b><\/p><\/td><td class=\"bwvertalignb bwrightsingle bwrowaltcolor0 bwpadl0 bwpadr0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n<b>)%<\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwleftsingle bwpadl0 bwwidth47\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nAsset impairment, exit and implementation costs<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwleftsingle bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n79<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n2<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwleftsingle bwpadl0\" colspan=\"2\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwleftsingle bwpadl0 bwrightsingle bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n80<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n4<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwleftsingle bwrightsingle bwpadl0\" colspan=\"2\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwleftsingle bwrowaltcolor0 bwpadl0 bwwidth47\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n<b>Adjusted OCI<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwleftsingle bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>$<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>460<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>$<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>500<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwleftsingle bwrowaltcolor0 bwpadl0 bwpadr0 bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>(8.0<\/b><\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n<b>)%<\/b><\/p><\/td><td class=\"bwvertalignb bwleftsingle bwrowaltcolor0 bwpadl0 bwrightsingle bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>$<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>896<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>$<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>935<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwleftsingle bwrowaltcolor0 bwpadl0 bwpadr0 bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>(4.2<\/b><\/p><\/td><td class=\"bwvertalignb bwrightsingle bwrowaltcolor0 bwpadl0 bwpadr0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n<b>)%<\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwleftsingle bwpadl0 bwwidth47\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n<b>Reported OCI margins <sup>1<\/sup><\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwleftsingle bwpadl0 bwpadr0 bwpadb3 bwalignr bwtopsingle bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwtopsingle bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>55.2<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwtopsingle bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n<b>%<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwtopsingle bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwtopsingle bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>68.4<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwtopsingle bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n<b>%<\/b><\/p><\/td><td class=\"bwvertalignb bwleftsingle bwpadl0\" colspan=\"2\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>(13.2) pp<\/b><\/p><\/td><td class=\"bwvertalignb bwleftsingle bwpadl0 bwrightsingle bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwtopsingle bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwtopsingle bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>61.0<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwtopsingle bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n<b>%<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwtopsingle bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwtopsingle bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>68.6<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwtopsingle bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n<b>%<\/b><\/p><\/td><td class=\"bwvertalignb bwleftsingle bwrightsingle bwpadl0\" colspan=\"2\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>(7.6) pp<\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwsinglebottom bwleftsingle bwrowaltcolor0 bwpadl0 bwwidth47\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n<b>Adjusted OCI margins <sup>1<\/sup><\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwleftsingle bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>66.7<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n<b>%<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>68.7<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n<b>%<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwleftsingle bwrowaltcolor0 bwpadl0\" colspan=\"2\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>(2.0) pp<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwleftsingle bwrowaltcolor0 bwpadl0 bwrightsingle bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>67.0<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n<b>%<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>68.9<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n<b>%<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwleftsingle bwrightsingle bwrowaltcolor0 bwpadl0\" colspan=\"2\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>(1.9) pp<\/b><\/p><\/td><\/tr>\n<\/table><p>\n<i><sup>1<\/sup> Reported and adjusted OCI margins are calculated as reported and adjusted OCI, respectively, divided by revenues net of excise taxes.<\/i><\/p><p>\n<b>Shipment Volume<\/b><\/p><p>\n<b>Second Quarter<\/b><\/p><ul class=\"bwlistdisc\">\n<li>\nOral tobacco products segment reported domestic shipment volume decreased 8.5%,<b> <\/b>primarily driven by retail share losses and trade inventory movements, partially offset by the industry\u2019s growth rate and other factors.<\/li>\n<\/ul><ul class=\"bwlistdisc\">\n<li>\nWhen adjusted for trade inventory movements, oral tobacco products segment domestic shipment volume decreased by an estimated 2%.<\/li>\n<\/ul><p>\n<b>First Half<\/b><\/p><ul class=\"bwlistdisc\">\n<li>\nOral tobacco products segment reported domestic shipment volume decreased 6.0%,<b> <\/b>primarily driven by retail share losses, partially offset by the industry\u2019s growth rate and other factors.<\/li>\n<\/ul><ul class=\"bwlistdisc\">\n<li>\nWhen adjusted for trade inventory movements, oral tobacco products segment domestic shipment volume decreased by an estimated 5.5%.<\/li>\n<\/ul><ul class=\"bwlistdisc\">\n<li>\nTotal oral industry volume increased by an estimated 6% for the six months ended June 30, 2026, primarily driven by growth in oral nicotine pouches, partially offset by declines in MST.<\/li>\n<\/ul><table cellspacing=\"0\" class=\"bwtablemarginb bwblockalignl bwwidth100\">\n<tr>\n<td class=\"bwvertalignb bwtopsingle bwleftsingle bwrightsingle bwpadl0\" colspan=\"14\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n<b>Table 6 - Oral Tobacco Products: Reported Shipment Volume (cans in millions)<\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwleftsingle bwpadl0 bwwidth51\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwsinglebottom bwwidth1\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwsinglebottom bwpadl0 bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwsinglebottom bwwidth1\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwsinglebottom bwpadl0\" colspan=\"2\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwsinglebottom bwwidth1\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwsinglebottom bwpadl0 bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwsinglebottom bwwidth1\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwsinglebottom bwrightsingle bwpadl0\" colspan=\"2\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwleftsingle bwpadl0 bwwidth51\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwleftsingle bwpadl0 bwalignc\" colspan=\"6\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n<b>Second Quarter<\/b><\/p><\/td><td class=\"bwvertalignb bwleftsingle bwrightsingle bwpadl0 bwalignc bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwrightsingle bwpadl0 bwsinglebottom bwalignc\" colspan=\"6\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n<b>Six Months Ended June 30,<\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwleftsingle bwpadl0 bwwidth51\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwleftsingle bwpadl0 bwpadr0 bwpadb3 bwalignc bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n<b>2026<\/b><\/p><\/td><td class=\"bwsinglebottom bwwidth1\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwsinglebottom bwleftsingle bwpadl0 bwpadr0 bwpadb3 bwalignc bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n<b>2025<\/b><\/p><\/td><td class=\"bwsinglebottom bwwidth1\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwsinglebottom bwleftsingle bwpadl0 bwalignc\" colspan=\"2\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n<b>Change<\/b><\/p><\/td><td class=\"bwvertalignb bwleftsingle bwpadl0 bwrightsingle bwalignc bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignc bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n<b>2026<\/b><\/p><\/td><td class=\"bwsinglebottom bwwidth1\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwsinglebottom bwleftsingle bwpadl0 bwpadr0 bwpadb3 bwalignc bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n<b>2025<\/b><\/p><\/td><td class=\"bwsinglebottom bwwidth1\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwsinglebottom bwleftsingle bwrightsingle bwpadl0 bwalignc\" colspan=\"2\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n<b>Change<\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwleftsingle bwpadl0 bwrowaltcolor0 bwwidth51\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n<b><i>Copenhagen<\/i><\/b><\/p><\/td><td class=\"bwvertalignb bwleftsingle bwpadl0 bwpadr0 bwrowaltcolor0 bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n85.4<\/p><\/td><td class=\"bwtablemarginb bwblockalignl bwrowaltcolor0 bwwidth1\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor0 bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n95.9<\/p><\/td><td class=\"bwtablemarginb bwblockalignl bwrowaltcolor0 bwwidth1\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwleftsingle bwpadl0 bwpadr0 bwrowaltcolor0 bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n(10.9<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n)%<\/p><\/td><td class=\"bwvertalignb bwleftsingle bwpadl0 bwrightsingle bwrowaltcolor0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor0 bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n165.8<\/p><\/td><td class=\"bwtablemarginb bwblockalignl bwrowaltcolor0 bwwidth1\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor0 bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n185.6<\/p><\/td><td class=\"bwtablemarginb bwblockalignl bwrowaltcolor0 bwwidth1\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwleftsingle bwpadl0 bwpadr0 bwrowaltcolor0 bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n(10.7<\/p><\/td><td class=\"bwvertalignb bwrightsingle bwpadl0 bwpadr0 bwrowaltcolor0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n)%<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwleftsingle bwpadl0 bwwidth51\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n<b><i>Skoal<\/i><\/b><\/p><\/td><td class=\"bwvertalignb bwleftsingle bwpadl0 bwpadr0 bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n29.5<\/p><\/td><td class=\"bwtablemarginb bwblockalignl bwwidth1\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n34.2<\/p><\/td><td class=\"bwtablemarginb bwblockalignl bwwidth1\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwleftsingle bwpadl0 bwpadr0 bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n(13.7<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n)%<\/p><\/td><td class=\"bwvertalignb bwleftsingle bwpadl0 bwrightsingle bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n57.4<\/p><\/td><td class=\"bwtablemarginb bwblockalignl bwwidth1\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n65.6<\/p><\/td><td class=\"bwtablemarginb bwblockalignl bwwidth1\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwleftsingle bwpadl0 bwpadr0 bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n(12.5<\/p><\/td><td class=\"bwvertalignb bwrightsingle bwpadl0 bwpadr0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n)%<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwleftsingle bwpadl0 bwrowaltcolor0 bwwidth51\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n<b><i>on!<\/i><\/b><\/p><\/td><td class=\"bwvertalignb bwleftsingle bwpadl0 bwpadr0 bwrowaltcolor0 bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n49.9<\/p><\/td><td class=\"bwtablemarginb bwblockalignl bwrowaltcolor0 bwwidth1\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor0 bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n52.1<\/p><\/td><td class=\"bwtablemarginb bwblockalignl bwrowaltcolor0 bwwidth1\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwleftsingle bwpadl0 bwpadr0 bwrowaltcolor0 bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n(4.2<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n)%<\/p><\/td><td class=\"bwvertalignb bwleftsingle bwpadl0 bwrightsingle bwrowaltcolor0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor0 bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n96.1<\/p><\/td><td class=\"bwtablemarginb bwblockalignl bwrowaltcolor0 bwwidth1\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor0 bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n91.4<\/p><\/td><td class=\"bwtablemarginb bwblockalignl bwrowaltcolor0 bwwidth1\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwleftsingle bwpadl0 bwpadr0 bwrowaltcolor0 bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n5.1<\/p><\/td><td class=\"bwvertalignb bwrightsingle bwpadl0 bwpadr0 bwrowaltcolor0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n%<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwleftsingle bwpadl0 bwwidth51\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n<b>Other<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwleftsingle bwpadl0 bwpadr0 bwpadb3 bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n16.9<\/p><\/td><td class=\"bwsinglebottom bwwidth1\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n16.4<\/p><\/td><td class=\"bwsinglebottom bwwidth1\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwleftsingle bwpadl0 bwpadr0 bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n3.0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n%<\/p><\/td><td class=\"bwvertalignb bwleftsingle bwpadl0 bwrightsingle bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n32.3<\/p><\/td><td class=\"bwsinglebottom bwwidth1\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n31.4<\/p><\/td><td class=\"bwsinglebottom bwwidth1\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwleftsingle bwpadl0 bwpadr0 bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n2.9<\/p><\/td><td class=\"bwvertalignb bwrightsingle bwpadl0 bwpadr0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n%<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwsinglebottom bwleftsingle bwpadl0 bwrowaltcolor0 bwwidth51\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n<b>Total oral tobacco products<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwleftsingle bwpadl0 bwpadr0 bwpadb3 bwrowaltcolor0 bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>181.7<\/b><\/p><\/td><td class=\"bwsinglebottom bwrowaltcolor0 bwwidth1\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwrowaltcolor0 bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>198.6<\/b><\/p><\/td><td class=\"bwsinglebottom bwrowaltcolor0 bwwidth1\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwsinglebottom bwleftsingle bwpadl0 bwpadr0 bwpadb3 bwrowaltcolor0 bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>(8.5<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwrowaltcolor0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n<b>)%<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwleftsingle bwpadl0 bwrightsingle bwrowaltcolor0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwrowaltcolor0 bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>351.6<\/b><\/p><\/td><td class=\"bwsinglebottom bwrowaltcolor0 bwwidth1\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwrowaltcolor0 bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>374.0<\/b><\/p><\/td><td class=\"bwsinglebottom bwrowaltcolor0 bwwidth1\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwsinglebottom bwleftsingle bwpadl0 bwpadr0 bwpadb3 bwrowaltcolor0 bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>(6.0<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwpadb3 bwrowaltcolor0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n<b>)%<\/b><\/p><\/td><\/tr>\n<\/table><p>\n<i>Note: Volume includes cans sold, as well as promotional units, but excludes non-domestic volume, which is currently not material to our oral tobacco products segment. New types of oral tobacco products, as well as new packaging configurations of existing oral tobacco products, may or may not be equivalent to existing MST products on a can-for-can basis. To calculate volumes of cans shipped, one can of oral nicotine pouches, irrespective of the number of pouches in the can, is assumed to be equivalent to one can of MST.<\/i><\/p><p>\n<b>Retail Share and Brand Activity<\/b><\/p><p>\n<b>Second Quarter<\/b><\/p><ul class=\"bwlistdisc\">\n<li>\n<i>on! <\/i>retail share of the oral tobacco category was 8.6%, an increase of 0.3 share points versus the prior year and 0.8 share points sequentially.<\/li>\n<\/ul><ul class=\"bwlistdisc\">\n<li>\nThe nicotine pouch category was 59.9% of the oral tobacco category, an increase of 8.1 share points versus the prior year and 1.8 share points sequentially. <i>on! <\/i>retail share of the nicotine pouch category was 14.4%, a decrease of 1.7 share points versus the prior year and an increase of 1.0 share point sequentially.<\/li>\n<\/ul><p>\n<b>First Half<\/b><\/p><ul class=\"bwlistdisc\">\n<li>\n<i>on! <\/i>retail share of the U.S. oral tobacco category was 8.2%, a decrease of 0.3 share points.<\/li>\n<\/ul><ul class=\"bwlistdisc\">\n<li>\nThe nicotine pouch category was 59.0% of the oral tobacco category, an increase of 8.6 share points. <i>on! <\/i>retail share of the nicotine pouch category was 13.9%, a decrease of 2.9 share points.<\/li>\n<\/ul><table cellspacing=\"0\" class=\"bwtablemarginb bwblockalignl bwwidth100\">\n<tr>\n<td class=\"bwvertalignb bwtopsingle bwleftsingle bwrightsingle bwpadl0\" colspan=\"8\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n<b>Table 7 - Oral Tobacco Products: Retail Share (percent)<\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwleftsingle bwpadl0 bwwidth38\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwwidth10\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwwidth10\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwwidth10\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwwidth10\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwwidth10\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwrightsingle bwpadl0 bwwidth10\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwleftsingle bwpadl0 bwwidth38\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwleftsingle bwpadl0 bwalignc\" colspan=\"3\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n<b>Second Quarter<\/b><\/p><\/td><td class=\"bwvertalignb bwleftsingle bwrightsingle bwpadl0 bwalignc bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwrightsingle bwpadl0 bwsinglebottom bwalignc\" colspan=\"3\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n<b>Six Months Ended June 30,<\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwleftsingle bwpadl0 bwwidth38\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwleftsingle bwpadl0 bwpadr0 bwpadb3 bwalignc bwwidth10\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n<b>2026<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwleftsingle bwpadl0 bwpadr0 bwpadb3 bwalignc bwwidth10\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n<b>2025<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwleftsingle bwpadl0 bwalignc bwwidth10\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n<b>Percentage\n<br\/>point\n<br\/>change<\/b><\/p><\/td><td class=\"bwvertalignb bwleftsingle bwpadl0 bwrightsingle bwalignc bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignc bwwidth10\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n<b>2026<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwleftsingle bwpadl0 bwpadr0 bwpadb3 bwalignc bwwidth10\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n<b>2025<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwleftsingle bwrightsingle bwpadl0 bwalignc bwwidth10\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n<b>Percentage\n<br\/>point\n<br\/>change<\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwleftsingle bwrowaltcolor0 bwpadl0 bwwidth38\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n<b><i>Copenhagen<\/i><\/b><\/p><\/td><td class=\"bwvertalignb bwleftsingle bwrowaltcolor0 bwpadl0 bwpadr0 bwalignc bwwidth10\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n13.1%<\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignc bwwidth10\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n15.9%<\/p><\/td><td class=\"bwvertalignb bwleftsingle bwrowaltcolor0 bwpadl0 bwpadr0 bwalignc bwwidth10\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n(2.8)<\/p><\/td><td class=\"bwvertalignb bwleftsingle bwrowaltcolor0 bwpadl0 bwrightsingle bwalignc bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignc bwwidth10\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n13.4%<\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignc bwwidth10\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n16.4%<\/p><\/td><td class=\"bwvertalignb bwleftsingle bwrightsingle bwrowaltcolor0 bwpadl0 bwpadr0 bwalignc bwwidth10\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n(3.0)<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwleftsingle bwpadl0 bwwidth38\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n<b><i>Skoal<\/i><\/b><\/p><\/td><td class=\"bwvertalignb bwleftsingle bwpadl0 bwpadr0 bwalignc bwwidth10\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n5.1<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignc bwwidth10\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n6.1<\/p><\/td><td class=\"bwvertalignb bwleftsingle bwpadl0 bwpadr0 bwalignc bwwidth10\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n(1.0)<\/p><\/td><td class=\"bwvertalignb bwleftsingle bwpadl0 bwrightsingle bwalignc bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignc bwwidth10\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n5.2<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignc bwwidth10\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n6.3<\/p><\/td><td class=\"bwvertalignb bwleftsingle bwrightsingle bwpadl0 bwpadr0 bwalignc bwwidth10\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n(1.1)<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwleftsingle bwrowaltcolor0 bwpadl0 bwwidth38\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n<b><i>on!<\/i><\/b><\/p><\/td><td class=\"bwvertalignb bwleftsingle bwrowaltcolor0 bwpadl0 bwpadr0 bwalignc bwwidth10\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n8.6<\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignc bwwidth10\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n8.3<\/p><\/td><td class=\"bwvertalignb bwleftsingle bwrowaltcolor0 bwpadl0 bwpadr0 bwalignc bwwidth10\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n0.3<\/p><\/td><td class=\"bwvertalignb bwleftsingle bwrowaltcolor0 bwpadl0 bwrightsingle bwalignc bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignc bwwidth10\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n8.2<\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignc bwwidth10\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n8.5<\/p><\/td><td class=\"bwvertalignb bwleftsingle bwrightsingle bwrowaltcolor0 bwpadl0 bwpadr0 bwalignc bwwidth10\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n(0.3)<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwleftsingle bwpadl0 bwwidth38\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n<b>Other<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwleftsingle bwpadl0 bwpadr0 bwpadb3 bwalignc bwwidth10\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n2.2<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignc bwwidth10\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n2.4<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwleftsingle bwpadl0 bwpadr0 bwpadb3 bwalignc bwwidth10\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n(0.2)<\/p><\/td><td class=\"bwvertalignb bwleftsingle bwpadl0 bwrightsingle bwalignc bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignc bwwidth10\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n2.2<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignc bwwidth10\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n2.3<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwleftsingle bwrightsingle bwpadl0 bwpadr0 bwpadb3 bwalignc bwwidth10\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n(0.1)<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwsinglebottom bwleftsingle bwrowaltcolor0 bwpadl0 bwwidth38\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n<b>Total oral tobacco products<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwleftsingle bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignc bwwidth10\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n<b>29.0%<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignc bwwidth10\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n<b>32.7%<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwleftsingle bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignc bwwidth10\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n<b>(3.7)<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwleftsingle bwrowaltcolor0 bwpadl0 bwrightsingle bwalignc bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignc bwwidth10\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n<b>29.0%<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignc bwwidth10\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n<b>33.5%<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwleftsingle bwrightsingle bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignc bwwidth10\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n<b>(4.5)<\/b><\/p><\/td><\/tr>\n<\/table><br\/> <b>Contacts<\/b> <br\/><p>\nMac Livingston, Vice President of Investor Relations\n<br\/><a  href=\"mailto:Richard.M.Livingston@altria.com\" rel=\"nofollow\" shape=\"rect\">Richard.M.Livingston@altria.com<\/a><\/p><p>\nAltria Client Services\n<br\/>Investor Relations\n<br\/>(804) 484-8222<\/p><p>\nAltria Client Services\n<br\/>Media Relations\n<br\/><a  href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.altria.com%2Fcontact-us%2Fmedia&amp;esheet=54579154&amp;newsitemid=20260729672611&amp;lan=en-US&amp;anchor=www.altria.com%2Fcontact-us%2Fmedia&amp;index=3&amp;md5=e1e1cf0e5bdcfbef2a3a397bffc5dfbd\" rel=\"nofollow\" shape=\"rect\">www.altria.com\/contact-us\/media<\/a><\/p><br\/> <a href=\"http:\/\/www.businesswire.com\/news\/home\/20260729672611\/en\/Altria-Reports-2026-Second-Quarter-and-First-Half-Results-Narrows-2026-Full-Year-Earnings-Guidance\/?feedref=Zd8jjkgYuzBwDixoAdXmJgT1albrG1Eq4mAeVP39212bri8lIe-zl5tWvCOnRHW3evRMp3sIgu8q3wq1OF24lT93qbEzrwa15HGbLqMObxY5fjCLYi_If30KxIsYuhwbuLAuCkn8FS6sh-I3dfDZEg==\"> Read full story here <\/a>","protected":false},"excerpt":{"rendered":"<p>RICHMOND, Va.&#8211;(BUSINESS WIRE)&#8211;$MO #Altria&#8211;Altria Group, Inc. (NYSE: MO) today reports our 2026 second-quarter and first-half business results and narrows guidance for 2026 full-year adjusted diluted earnings per share (EPS).<br \/>\n\u201cIn the second quarter, &#8230;<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-48053","post","type-post","status-publish","format-standard","hentry","category-infos-businesswire"],"_links":{"self":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/48053","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=48053"}],"version-history":[{"count":1,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/48053\/revisions"}],"predecessor-version":[{"id":48054,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/48053\/revisions\/48054"}],"wp:attachment":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=48053"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=48053"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=48053"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}