Tax ItemsAltria's reported diluted EPS comparisons for the third quarter and first nine months of 2012 and 2011 were impacted by tax items. For the third quarter of 2012 and 2011, Altria recorded tax benefits of $62 million and $24 million, respectively. Excluding the tax impacts related to PMCC's LILO and SILO transactions discussed above, for the first nine months of 2012 and 2011, Altria recorded net tax benefits of $51 million and $24 million, respectively. These tax benefits resulted primarily from the reversal of tax reserves and associated interest related to the closure of tax audits, expiration of statutes of limitations and the reversal of tax accruals no longer required. These tax benefits are reflected in Schedules 1 and 3, "Provisions for income taxes," and the EPS impacts are shown in Table 2 and Schedules 6 and 7.
Altria Reports 2012 Third-Quarter And Nine-Month Results; Reaffirms 2012 EPS Guidance; Expands Share Repurchase Program By $500 Million
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