Employee Benefit Obligations (Tables)

6 Months Ended

Jun. 30, 2020

Employee Benefit Obligations

Schedule of employee benefit obligations

	June 30,		December 31,
($ in millions)	2020		2019
Underfunded defined benefit pension liabilities	$	1,034	$	918
Less: Current portion		(24)		(24)
Long-term defined benefit pension liabilities		1,010		894
Long-term retiree medical liabilities		162		156
Deferred compensation plans		354		362
Other		48		74
	$	1,574	$	1,486

Components of net periodic benefit cost

	Three Months Ended June 30,
	2020							2019
($ in millions)	U.S.			Foreign		Total		U.S.		Foreign		Total
Ball-sponsored plans:
Service cost	$	16		$	4	$	20	$	12	$	3	$	15
Interest cost		18			15		33		25		18		43
Expected return on plan assets		(31)			(21)		(52)		(29)		(27)		(56)
Amortization of prior service cost		1			—		1		—		1		1
Recognized net actuarial loss		10			2		12		5		1		6
Settlement losses		97	(a)		—		97		—		—		—
Total net periodic benefit cost	$	111		$	—	$	111	$	13	$	(4)	$	9

(a) Includes settlement losses related to the purchase of non-participating annuities and lump-sum payments which have been recorded in business consolidation and other activities.

	Six Months Ended June 30,
	2020							2019
($ in millions)	U.S.			Foreign		Total		U.S.		Foreign		Total
Ball-sponsored plans:
Service cost	$	32		$	8	$	40	$	24	$	6	$	30
Interest cost		38			29		67		50		36		86
Expected return on plan assets		(62)			(42)		(104)		(57)		(55)		(112)
Amortization of prior service cost		1			1		2		—		2		2
Recognized net actuarial loss		20			3		23		11		2		13
Settlement losses		97	(a)		—		97		—		—		—
Total net periodic benefit cost	$	126		$	(1)	$	125	$	28	$	(9)	$	19

(a) Includes settlement losses related to the purchase of non-participating annuities and lump-sum payments which have been recorded in business consolidation and other activities.