Sales at the tobacco holding company dropped 46% during the year after its 2006 spinoff of Kraft Foods. Profits followed suit, declining 19% on slumping U.S. cigarette sales. But Altria still managed to rake in almost $10 billion in 2007.
In August, the company said it would spin off its Philip Morris International unit, which currently brings in two-thirds of its income, to avoid U.S. lawsuits and allow it to expand
in countries such as China, India and Thailand.