Leases

6 Months Ended

Jun. 30, 2022

Leases

Leases

14.    Leases

The company enters into operating leases for buildings, warehouses, office equipment, production equipment, aircraft, land and other types of equipment. The company also enters into finance leases for certain plant equipment.

Supplemental balance sheet information related to the company’s leases follows:

		June 30,		December 31,
($ in millions)	Balance Sheet Location	2022		2021
Operating leases:
Operating lease ROU asset	Other assets	$	440	$	420
Current operating lease liabilities	Other current liabilities		90		80
Noncurrent operating lease liabilities	Other liabilities		363		340
Finance leases:
Finance lease ROU assets, net	Property, plant and equipment, net		12		14
Current finance lease liabilities	Short-term debt and current portion of long-term debt		2		2
Noncurrent finance lease liabilities	Long-term debt		11		12

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.