Equity and Accumulated Other Comprehensive Earnings (Tables)

3 Months Ended

Mar. 31, 2019

Equity and Accumulated Other Comprehensive Earnings

Schedule of company’s equity activity

	Ball Corporation and Subsidiaries
	Common Stock			Treasury Stock					Accumulated Other
	Number of			Number of			Retained		Comprehensive		Noncontrolling		Total
($ in millions; share amounts in thousands)	Shares	Amount		Shares	Amount		Earnings		Earnings (Loss)		Interest		Equity
Balance at December 31, 2018	673,237	$	1,157	(337,979)	$	(2,205)	$	5,341	$	(835)	$	104	$	3,562
Net earnings	—		—	—		—		117		—		—		117
Other comprehensive earnings (loss), net of tax	—		—	—		—		—		125		—		125
Reclassification of stranded tax effects	—		—	—		—		79		(79)		—		—
Common dividends, net of tax benefits	—		—	—		—		(34)		—		—		(34)
Treasury stock purchases	—		—	(2,634)		(129)		—		—		—		(129)
Treasury shares reissued	—		—	390		5		—		—		—		5
Shares issued and stock compensation for stock options and other stock plans, net of shares exchanged	1,455		(3)	—		—		—		—		—		(3)
Other activity	—		—	—		6		1		—		(1)		6
Balance at March 31, 2019	674,692	$	1,154	(340,223)	$	(2,323)	$	5,504	$	(789)	$	103	$	3,649

	Ball Corporation and Subsidiaries
	Common Stock			Treasury Stock					Accumulated Other
	Number of			Number of			Retained		Comprehensive		Noncontrolling		Total
($ in millions; share amounts in thousands)	Shares	Amount		Shares	Amount		Earnings		Earnings (Loss)		Interest		Equity
Balance at December 31, 2017, as adjusted	670,576		1,084	(320,695)		(1,474)		5,024		(655)		105		4,084
Net earnings	—		—	—		—		125		—		—		125
Other comprehensive earnings (loss), net of tax	—		—	—		—		—		(17)		—		(17)
Common dividends, net of tax benefits	—		—	—		—		(35)		—		—		(35)
Treasury stock purchases	—		—	(1,040)		(41)		—		—		—		(41)
Treasury shares reissued	—		—	300		5		—		—		—		5
Shares issued and stock compensation for stock options and other stock plans, net of shares exchanged	1,035		16	—		—		—		—		—		16
Other activity	—		—	—		2		—		(1)		—		1
Balance at March 31, 2018	671,611		1,100	(321,435)		(1,508)		5,114		(673)		105		4,138

Schedule of activity related to accumulated other comprehensive earnings (loss)

($ in millions)	Foreign Currency Translation (Net of Tax)		Pension and Other Postretirement Benefits            (Net of Tax)		Derivatives Designated as Hedges (Net of Tax)		Accumulated Other Comprehensive Earnings (Loss)
Balance at December 31, 2018	$	(504)	$	(277)	$	(54)	$	(835)
Other comprehensive earnings (loss) before reclassifications		78		21		40		139
Amounts reclassified from accumulated other comprehensive earnings (loss) into earnings		—		4		(18)		(14)
Stranded tax effects reclassified into retained earnings		—		(76)		(3)		(79)
Balance at March 31, 2019	$	(426)	$	(328)	$	(35)	$	(789)

Information related to amounts reclassified into net earnings from accumulated other comprehensive earnings (loss)

	Three Months Ended March 31,
($  in millions)	2019		2018
Gains (losses) on cash flow hedges:
Commodity contracts recorded in net sales	$	2	$	(3)
Commodity contracts recorded in cost of sales		(5)		10
Currency exchange contracts recorded in selling, general and administrative		23		(29)
Cross-currency swaps recorded in interest expense		4		3
Total before tax effect		24		(19)
Tax benefit (expense) on amounts reclassified into earnings		(6)		5
Recognized gain (loss), net of tax	$	18	$	(14)
Amortization of pension and other postretirement benefits: (a)
Actuarial gains (losses)		(5)		(9)
Total before tax effect		(5)		(9)
Tax benefit (expense) on amounts reclassified into earnings		1		2
Recognized gain (loss), net of tax	$	(4)	$	(7)

(a) The pension components are included in the computation of net periodic benefit cost disclosed in Note 17.