Accounting Calculation Troubleshooting: Altria 2018 10K
In trying to calculate historical EBIT for Altria in 2018, the following line items are not reconciling to EBT amount that they state:
Operating Income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9,115 Interest and other bearing debt . . . . . . . . . . . . . . . . 665 Net periodic benefit (income) cost . . . . . . . . . . . . . . . (34) Earnings from equity investment in AB InBev . . . . . (890) Loss (gain) on AB InBev business combination . . . . 33
EBT . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9,341
I took 9,115 - (665) + (34) - (890) + (33) and got 7,627 for EBT. Wondering where I went wrong or what might be going on behind the scenes in additional schedules -- thanks!
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