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Goodwill
12 Months Ended
Dec. 31, 2022
Goodwill and Intangible Assets, Net  
Goodwill

11. Goodwill

($ in millions)

    


Beverage
Packaging,
North & Central
America

    


Beverage
Packaging,
EMEA

    


Beverage
Packaging,
South America

    


Aerospace

    

Other

    

Total

Balance at December 31, 2020

$

1,275

$

1,573

$

1,298

$

40

$

298

$

4,484

Effects of currency exchange

(90)

(16)

(106)

Balance at December 31, 2021

$

1,275

$

1,483

$

1,298

$

40

$

282

$

4,378

Business dispositions

(101)

(101)

Effects of currency exchange

(40)

(2)

(42)

Balance at December 31, 2022

$

1,275

$

1,342

$

1,298

$

40

$

280

$

4,235

Goodwill in the above table is presented net of accumulated impairment losses of $62 million as of December 31, 2022, 2021 and 2020.

During 2022, the company sold its Russian aluminum beverage packaging business, which resulted in a $101 million decrease in goodwill in the beverage packaging, EMEA, segment. See Note 4 for additional details.

As discussed in Note 6, Ball recorded a non-cash impairment charge of $62 million in 2020 related to the goodwill associated with the beverage packaging, other, reporting unit as the carrying amount of this reporting unit exceeded its fair value. The impairment review was triggered by the restructuring of the company’s reporting units which was made in connection with a January 1, 2020 change in segment management and internal reporting structure.