Employee Benefit Obligations (Tables)

6 Months Ended

Jun. 30, 2022

Employee Benefit Obligations

Schedule of employee benefit obligations

	June 30,		December 31,
($ in millions)	2022		2021
Underfunded defined benefit pension liabilities	$	496	$	582
Less: Current portion		(20)		(21)
Long-term defined benefit pension liabilities		476		561
Long-term retiree medical liabilities		130		135
Deferred compensation plans		332		441
Other		35		68
	$	973	$	1,205

Defined Benefit Pension Plans

Employee Benefit Obligations

Components of net periodic benefit cost

	Three Months Ended June 30,
	2022						2021
($ in millions)	U.S.		Non-U.S.		Total		U.S.		Non-U.S.		Total
Ball-sponsored plans:
Service cost	$	22	$	2	$	24	$	21	$	3	$	24
Interest cost		14		11		25		13		9		22
Expected return on plan assets		(27)		(15)		(42)		(31)		(16)		(47)
Amortization of prior service cost		1		—		1		1		—		1
Recognized net actuarial loss		7		1		8		11		2		13
Total net periodic benefit cost	$	17	$	(1)	$	16	$	15	$	(2)	$	13

	Six Months Ended June 30,
	2022						2021
($ in millions)	U.S.		Non-U.S.		Total		U.S.		Non-U.S.		Total
Ball-sponsored plans:
Service cost	$	44	$	5	$	49	$	42	$	6	$	48
Interest cost		27		24		51		26		18		44
Expected return on plan assets		(54)		(32)		(86)		(62)		(32)		(94)
Amortization of prior service cost		1		1		2		1		1		2
Recognized net actuarial loss		14		2		16		24		3		27
Total net periodic benefit cost	$	32	$	—	$	32	$	31	$	(4)	$	27