Employee Benefit Obligations (Tables)

9 Months Ended

Sep. 30, 2013

Employee Benefit Obligations

Schedule of employee benefit obligations

	September 30,			December 31,
($ in millions)	2013			2012
Underfunded defined benefit pension liabilities, net	$	762.7		$	820.2
Less current portion and prepaid pension assets	(23.8		)	(25.0		)
Long-term defined benefit pension liabilities	738.9			795.2
Retiree medical and other postemployment benefits	175.0			177.0
Deferred compensation plans	239.5			237.8
Other	22.3			28.1
	$	1,175.7		$	1,238.1

Components of net periodic benefit cost

	Three Months Ended September 30,
	2013									2012
($ in millions)	U.S.			Foreign			Total			U.S.			Foreign			Total
Ball-sponsored plans:
Service cost	$	12.1		$	2.5		$	14.6		$	11.7		$	2.0		$	13.7
Interest cost	13.8			5.9			19.7			14.2			7.1			21.3
Expected return on plan assets	(19.3		)	(3.4		)	(22.7		)	(18.6		)	(4.3		)	(22.9		)
Amortization of prior service cost	—			(0.1		)	(0.1		)	0.2			(0.1		)	0.1
Recognized net actuarial loss	10.7			1.2			11.9			8.4			1.8			10.2
Curtailment loss	—			—			—			0.1			—			0.1
Net periodic benefit cost for Ball-sponsored plans	17.3			6.1			23.4			16.0			6.5			22.5
Net periodic benefit cost for multi-employer plans	0.7			—			0.7			0.6			—			0.6
Total net periodic benefit cost	$	18.0		$	6.1		$	24.1		$	16.6		$	6.5		$	23.1

	Nine Months Ended September 30,
	2013									2012
($ in millions)	U.S.			Foreign			Total			U.S.			Foreign			Total
Ball-sponsored plans:
Service cost	$	36.5		$	7.5		$	44.0		$	35.1		$	5.9		$	41.0
Interest cost	41.4			17.8			59.2			42.4			21.5			63.9
Expected return on plan assets	(58.0		)	(10.2		)	(68.2		)	(55.5		)	(12.8		)	(68.3		)
Amortization of prior service cost	—			(0.3		)	(0.3		)	0.7			(0.3		)	0.4
Recognized net actuarial loss	32.0			3.7			35.7			25.1			5.3			30.4
Curtailment loss (a)	4.1			—			4.1			0.3			—			0.3
Net periodic benefit cost for Ball-sponsored plans	56.0			18.5			74.5			48.1			19.6			67.7
Multi-employer plans:
Net periodic benefit cost, excluding curtailment loss	2.0			—			2.0			2.0			—			2.0
Curtailment loss (a)	9.8			—			9.8			—			—			—
Net periodic benefit cost for multi-employer plans	11.8			—			11.8			2.0			—			2.0
Total net periodic benefit cost	$	67.8		$	18.5		$	86.3		$	50.1		$	19.6		$	69.7

(a) Curtailment losses in 2013 are related to the closure of the company’s Elgin, Illinois, facility and the migration of certain of the company’s Weirton, West Virginia, hourly employees from a multi-employer defined benefit pension plan to a Ball-sponsored defined benefit pension plan as of January 1, 2014. Further details are available in Note 5.