Employee Benefit Obligations (Tables)

9 Months Ended

Sep. 30, 2018

Employee Benefit Obligations

Schedule of employee benefit obligations

	September 30,		December 31,
($in millions)	2018		2017
Underfunded defined benefit pension liabilities	$	885	$	945
Less: Current portion		(25)		(27)
Long-term defined benefit pension liabilities		860		918
Long-term retiree medical liabilities		191		196
Deferred compensation plans		293		275
Other		77		74
	$	1,421	$	1,463

Components of net periodic benefit cost

	Three Months Ended September 30,
	2018							2017
($ in millions)	U.S.			Foreign		Total		U.S.			Foreign		Total
Ball-sponsored plans:
Service cost	$	13		$	3	$	16	$	13		$	4	$	17
Interest cost		25			18		43		29			22		51
Expected return on plan assets		(27)			(27)		(54)		(31)			(26)		(57)
Amortization of prior service cost		—			—		—		1			—		1
Recognized net actuarial loss		9			2		11		8			1		9
Curtailment and settlement losses including special termination benefits		14	(a)		—		14		43	(a)		—		43
Total net periodic benefit cost	$	34		$	(4)	$	30	$	63		$	1	$	64

(a) Includes settlement losses related to the purchase of non-participating annuities, plant shutdown benefits and other settlements that occur in the normal course of business, which have been recorded in business consolidation and other activities.

	Nine Months Ended September 30,
	2018							2017
($ in millions)	U.S.			Foreign		Total		U.S.			Foreign		Total
Ball-sponsored plans:
Service cost	$	40		$	11	$	51	$	37		$	12	$	49
Interest cost		73			54		127		95			66		161
Expected return on plan assets		(82)			(81)		(163)		(97)			(78)		(175)
Amortization of prior service cost		1			—		1		1			—		1
Recognized net actuarial loss		28			4		32		26			3		29
Curtailment and settlement losses including special termination benefits		14	(a)		—		14		43	(a)		—		43
Net periodic benefit cost for Ball sponsored plans		74			(12)		62		105			3		108
Net periodic benefit cost for multi-employer plans		1			—		1		2			—		2
Total net periodic benefit cost	$	75		$	(12)	$	63	$	107		$	3	$	110