Receivables, Net

12 Months Ended

Dec. 31, 2022

Receivables, Net

Receivables, Net

8. Receivables, Net

	December 31,
($ in millions)	2022		2021
Trade accounts receivable	$	1,373	$	1,304
Unbilled receivables		746		727
Less: Allowance for doubtful accounts		(12)		(9)
Net trade accounts receivable		2,107		2,022
Other receivables		487		538
	$	2,594	$	2,560

Net accounts receivable under long-term contracts, due primarily from agencies of the U.S. government and their prime contractors, were $282 million and $278 million at December 31, 2022 and 2021, respectively, and included $267 million and $233 million at December 31, 2022 and 2021, respectively, representing the recognized sales value of performance that was not yet billable to customers. The average length of the long-term contracts was approximately two years, and the average length remaining on those contracts at December 31, 2022, was six months. At December 31, 2022, $269 million of net accounts receivables is expected to be collected within the next year and is related to customary fees and cost withholdings that will be paid upon milestone or contract completions, as well as final overhead rate settlements.

Other receivables include income and sales tax receivables, aluminum scrap sale receivables and other miscellaneous receivables.

The company has entered into several regional uncommitted and committed accounts receivable factoring programs with various financial institutions for certain receivables of the company. Programs accounted for as true sales of the receivables, without recourse to Ball, had combined limits of approximately $2.04 billion and $1.74 billion at December 31, 2022 and 2021, respectively. A total of $488 million and $308 million were available for sale under these programs as of December 31, 2022 and 2021, respectively. The company has recorded $67 million, $41 million and $29 million of expense related to its factoring programs in 2022, 2021 and 2020, respectively, and has presented these amounts in selling, general, and administrative in its consolidated statements of earnings.