Business Consolidation and Other Activities

3 Months Ended

Mar. 31, 2022

Business Consolidation and Other Activities

Business Consolidation and Other Activities

6.     Business Consolidation and Other Activities

The following is a summary of business consolidation and other activity (charges)/income included in the unaudited condensed consolidated statements of earnings:

	Three Months Ended March 31,
($ in millions)	2022		2021
Beverage packaging, North and Central America	$	1	$	1
Beverage packaging, EMEA		(1)		(2)
Beverage packaging, South America		(1)		(1)
Other		282		(5)
	$	281	$	(7)

2022

Beverage Packaging, North and Central America

During the three months ended March 31, 2022, the company recorded charges of $1 million for individually insignificant activities.

Beverage Packaging, EMEA

During the three months ended March 31, 2022, the company recorded charges of $1 million for individually insignificant activities.

Beverage Packaging, South America

During the three months ended March 31, 2022, the company recorded charges of $1 million for individually insignificant activities.

Other

During the three months ended March 31, 2022, the company recorded the following amounts:

● A gain of $305 million related to the sale of Ball’s remaining equity method investment in Ball Metalpack. See Note 4 for further details.

● A charge related to a donation of $30 million to The Ball Foundation, a non-profit philanthropic organization with efforts to build a better world.

● A gain of $16 million from Ball Metalpack’s repayment of a loan which was formerly fully reserved.

● Currency losses of $9 million associated with market conditions preventing the company from effectively entering into currency derivative positions to minimize currency exposures associated with the Russian ruble.

2021

Beverage Packaging, North and Central America

During the three months ended March 31, 2021, the company recorded income of $1 million for individually insignificant activities.

Beverage Packaging, EMEA

During the three months ended March 31, 2021, the company recorded charges of $2 million for individually insignificant activities in connection with previously announced plant closures, restructuring and other activities.

Beverage Packaging, South America

During the three months ended March 31, 2021, the company recorded charges of $1 million for individually insignificant activities.

Other

During the three months ended March 31, 2021, the company recorded charges of $5 million for individually insignificant activities.