Other Assets

6 Months Ended

Jun. 30, 2022

Other Assets..

Other Assets.

13.    Other Assets

	June 30,		December 31,
($ in millions)	2022		2021
Long-term pension assets	$	529	$	579
Right-of-use operating lease assets		440		420
Investments in affiliates		203		184
Long-term deferred tax assets		104		126
Other		704		614
	$	1,980	$	1,923

Investments in affiliates primarily includes the company’s 50 percent ownership interest in an entity in Guatemala, a 50 percent ownership interest in an entity in Panama, a 50 percent ownership interest in an entity in Vietnam and an ownership interest of 50 percent in an entity in the U.S.

As discussed in Note 1, the deteriorating circumstances resulting from Russia’s invasion of Ukraine resulted in a triggering event for the company’s Russian long-lived asset group. In the second quarter of 2022, Ball recorded a non-cash impairment charge totaling $8 million related to right-of-use operating lease assets associated with the company’s Russian aluminum beverage packaging business.

In 2021, Ball sold its minority-owned investment in South Korea. In the first quarter of 2022, Ball sold its remaining equity method investment in Ball Metalpack for total consideration of $298 million. See Note 4 for further details of both transactions.