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Employee Benefit Obligations (Tables)
3 Months Ended
Mar. 31, 2019
Employee Benefit Obligations  
Schedule of employee benefit obligations

 

 

 

 

 

 

 

 

 

March 31,

 

December 31,

($ in millions)

 

2019

    

2018

 

 

 

 

 

 

 

Underfunded defined benefit pension liabilities

 

$

973

 

$

954

Less: Current portion

 

 

(24)

 

 

(25)

Long-term defined benefit pension liabilities

 

 

949

 

 

929

Long-term retiree medical liabilities

 

 

163

 

 

157

Deferred compensation plans

 

 

329

 

 

291

Other

 

 

38

 

 

78

 

 

$

1,479

 

$

1,455

 

Components of net periodic benefit cost

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended March 31,

 

 

2019

 

2018

($ in millions)

    

U.S.

    

Foreign

    

Total

    

U.S.

    

Foreign

    

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ball-sponsored plans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service cost

 

$

12

 

$

 3

 

$

15

 

$

13

 

$

 4

 

$

17

Interest cost

 

 

25

 

 

18

 

 

43

 

 

24

 

 

18

 

 

42

Expected return on plan assets

 

 

(28)

 

 

(28)

 

 

(56)

 

 

(27)

 

 

(27)

 

 

(54)

Amortization of prior service cost

 

 

 —

 

 

 1

 

 

 1

 

 

 —

 

 

 —

 

 

 —

Recognized net actuarial loss

 

 

 6

 

 

 1

 

 

 7

 

 

10

 

 

 1

 

 

11

Total net periodic benefit cost

 

$

15

 

$

(5)

 

$

10

 

$

20

 

$

(4)

 

$

16