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Even when BAT sustained huge non-cash impairments amounting to 4.3 billion in goodwill and 23.0 billion in the carrying value of its US Combustibles portfolio in FY23, its operating cash flows were not significantly affected, allowing BAT to maintain a payout ratio of over 62% and consistently growing their dividends per share by +2.0% from FY22 to FY24 despite market volatility, impairment charges, and regulatory challenges

The decision was made to abandon the settlement

By reducing dependence on cigarettes and the satisfaction obtained from smoking, the addictiveness of cigarettes will subsequently decline

These studies establish unequivocally that tobacco use, particularly manufactured cigarette smoking, causes most cancers of the lung, oropharynx, larynx, and esophagus in the USA, and approximately one-third of all cancers of the pancreas, kidney, urinary bladder and uterine cervix