Philip Morris International Inc was distributed to holders of Altria Group Inc in a tax-free spinoff on March 24, 2008. One share of Philip Morris International (stock symbol PM) was received for each share of Altria (stock symbol MO).
The allocation of your original basis in Altria to account for this distribution is as follows: Philip Morris Intl 69.5% Altria 30.5%
Your purchase date for Philip Morris International is the date you acquired your Altria shares.
Use our handy spinoff calculator to compute your new cost basis and the gain or loss on any "cash in lieu" of fractional shares payment. Just click on the image of the spinner to the right and then select "Philip Morris International" from the drop-down menu. Many fields will be pre-filled for you. Simply add your own cost basis information for Altria.
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Information provided is intended solely for U.S. individual cash-basis taxpayers and is believed to be accurate for most cases. Always consult your personal tax advisor about your own situation. Suggestions are most welcome. Please e-mail webmaster @ costbasis.com or write to us at P O Box 11022, Chicago IL 60611 with your comments.