Employee Benefit Obligations (Tables)

9 Months Ended

Sep. 30, 2019

Employee Benefit Obligations

Schedule of employee benefit obligations

	September 30,		December 31,
($ in millions)	2019		2018
Underfunded defined benefit pension liabilities	$	834	$	954
Less: Current portion		(24)		(25)
Long-term defined benefit pension liabilities		810		929
Long-term retiree medical liabilities		157		157
Deferred compensation plans		377		291
Other		39		78
	$	1,383	$	1,455

Components of net periodic benefit cost

	Three Months Ended September 30,
	2019							2018
($ in millions)	U.S.		Foreign			Total		U.S.			Foreign		Total
Ball-sponsored plans:
Service cost	$	13	$	2		$	15	$	13		$	3	$	16
Interest cost		26		17			43		25			18		43
Expected return on plan assets		(29)		(26)			(55)		(27)			(27)		(54)
Amortization of prior service cost		1		—			1		—			—		—
Recognized net actuarial loss		5		1			6		9			2		11
Settlement losses		—		8	(a)		8		14	(a)		—		14
Total net periodic benefit cost	$	16	$	2		$	18	$	34		$	(4)	$	30

(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,
	2019							2018
($ in millions)	U.S.		Foreign			Total		U.S.			Foreign		Total
Ball-sponsored plans:
Service cost	$	37	$	8		$	45	$	40		$	11	$	51
Interest cost		76		53			129		73			54		127
Expected return on plan assets		(86)		(81)			(167)		(82)			(81)		(163)
Amortization of prior service cost		1		2			3		1			—		1
Recognized net actuarial loss		16		3			19		28			4		32
Settlement losses		—		8	(a)		8		14	(a)		—		14
Net periodic benefit cost for Ball sponsored plans		44		(7)			37		74			(12)		62
Net periodic benefit cost for multi-employer plans		—		—			—		1			—		1
Total net periodic benefit cost	$	44	$	(7)		$	37	$	75		$	(12)	$	63

(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.