Employee Benefit Obligations

3 Months Ended

Mar. 31, 2022

Employee Benefit Obligations

Employee Benefit Obligations

17.    Employee Benefit Obligations

	March 31,		December 31,
($ in millions)	2022		2021
Underfunded defined benefit pension liabilities	$	503	$	582
Less: Current portion		(21)		(21)
Long-term defined benefit pension liabilities		482		561
Long-term retiree medical liabilities		133		135
Deferred compensation plans		398		441
Other		34		68
	$	1,047	$	1,205

Components of net periodic benefit cost associated with the company’s defined benefit pension plans were as follows:

	Three Months Ended March 31,
	2022						2021
($ in millions)	U.S.		Non-U.S.		Total		U.S.		Non-U.S.		Total
Ball-sponsored plans:
Service cost	$	22	$	3	$	25	$	21	$	3	$	24
Interest cost		13		13		26		13		9		22
Expected return on plan assets		(27)		(17)		(44)		(31)		(16)		(47)
Amortization of prior service cost		—		1		1		—		1		1
Recognized net actuarial loss		7		1		8		13		1		14
Total net periodic benefit cost	$	15	$	1	$	16	$	16	$	(2)	$	14

Non-service pension income of $9 million and $10 million for the three months ended March 31, 2022 and 2021, respectively, is included in selling, general, and administrative (SG&A) expenses in the unaudited condensed consolidated statement of earnings.

Contributions to the company’s defined benefit pension plans were $104 million for the first three months of 2022 compared to $162 million for the first three months of 2021, and such contributions are expected to be approximately $127 million for the full year of 2022. This estimate may change based on changes to the U.S. Pension Protection Act and the actual returns achieved on plan assets, among other factors.