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Employee Benefit Obligations (Tables)
3 Months Ended
Mar. 31, 2018
Employee Benefit Obligations  
Schedule of employee benefit obligations

 

 

 

 

 

 

 

 

 

March 31,

 

December 31,

($ in millions)

 

2018

    

2017

 

 

 

 

 

 

 

Underfunded defined benefit pension liabilities

 

$

957

 

$

945

Less: Current portion

 

 

(23)

 

 

(27)

Long-term defined benefit pension liabilities

 

 

934

 

 

918

Long-term retiree medical liabilities

 

 

198

 

 

196

Deferred compensation plans

 

 

275

 

 

275

Other

 

 

77

 

 

74

 

 

$

1,484

 

$

1,463

 

Components of net periodic benefit cost

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended March 31,

 

 

2018

 

2017

($ in millions)

    

U.S.

    

Foreign

    

Total

    

U.S.

    

Foreign

    

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ball-sponsored plans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service cost

 

$

13

 

$

 4

 

$

17

 

$

12

 

$

 4

 

$

16

Interest cost

 

 

24

 

 

18

 

 

42

 

 

33

 

 

22

 

 

55

Expected return on plan assets

 

 

(27)

 

 

(27)

 

 

(54)

 

 

(33)

 

 

(26)

 

 

(59)

Recognized net actuarial loss

 

 

10

 

 

 1

 

 

11

 

 

 9

 

 

 1

 

 

10

Net periodic benefit cost for Ball sponsored plans

 

 

20

 

 

(4)

 

 

16

 

 

21

 

 

 1

 

 

22

Net periodic benefit cost for multi-employer plans

 

 

 —

 

 

 —

 

 

 —

 

 

 1

 

 

 —

 

 

 1

Total net periodic benefit cost

 

$

20

 

$

(4)

 

$

16

 

$

22

 

$

 1

 

$

23