Altria to Record a One-time Charge of $630M Against Reported Earnings Related to Leveraged Lease Transactions

Altria Group, Inc. MO today announced that, based on applicable accounting principles generally accepted in the United States of America , in the second quarter of 2011 it will record a one-time charge of approximately $630 million against its 2011 reported earnings related to the tax treatment of certain leveraged lease transactions entered into by Altria's subsidiary, Philip Morris Capital Corporation. The potential for taking this charge was described previously in Altria's 2011 first-quarter earnings press release and its Quarterly Report on Form 10-Q for the period ended March 31, 2011 that Altria filed with the Securities and Exchange Commission.