Employee Benefit Obligations (Tables)

9 Months Ended

Sep. 30, 2021

Employee Benefit Obligations

Schedule of employee benefit obligations

	September 30,		December 31,
($ in millions)	2021		2020
Underfunded defined benefit pension liabilities	$	718	$	955
Less: Current portion		(22)		(24)
Long-term defined benefit pension liabilities		696		931
Long-term retiree medical liabilities		148		156
Deferred compensation plans		417		439
Other		61		87
	$	1,322	$	1,613

Defined Benefit Pension Plans

Employee Benefit Obligations

Components of net periodic benefit cost

	Three Months Ended September 30,
	2021						2020
($ in millions)	U.S.		Non-U.S.		Total		U.S.		Non-U.S.		Total
Ball-sponsored plans:
Service cost	$	20	$	4	$	24	$	16	$	4	$	20
Interest cost		12		9		21		18		14		32
Expected return on plan assets		(29)		(17)		(46)		(29)		(22)		(51)
Amortization of prior service cost		—		1		1		—		1		1
Recognized net actuarial loss		12		1		13		10		1		11
Settlement losses (a)		130		—		130		5		—		5
Total net periodic benefit cost	$	145	$	(2)	$	143	$	20	$	(2)	$	18

(a) Includes settlement losses related to the purchase of non-participating annuities and lump-sum payments which were recorded in business consolidation and other activities. See Note 6 for further details.

	Nine Months Ended September 30,
	2021						2020
($ in millions)	U.S.		Non-U.S.		Total		U.S.		Non-U.S.		Total
Ball-sponsored plans:
Service cost	$	62	$	10	$	72	$	48	$	12	$	60
Interest cost		38		27		65		56		43		99
Expected return on plan assets		(91)		(49)		(140)		(91)		(64)		(155)
Amortization of prior service cost		1		2		3		1		2		3
Recognized net actuarial loss		36		4		40		30		4		34
Settlement losses (a)		130		—		130		102		—		102
Total net periodic benefit cost	$	176	$	(6)	$	170	$	146	$	(3)	$	143

(a) Includes settlement losses related to the purchase of non-participating annuities and lump-sum payments which were recorded in business consolidation and other activities. See Note 6 for further details.