Employee Benefit Obligations (Tables)

9 Months Ended

Sep. 30, 2022

Schedule of employee benefit obligations


	September 30,		December 31,
($ in millions)	2022		2021

Underfunded defined benefit pension liabilities	$	487	$	582
Less: Current portion		(19)		(21)
Long-term defined benefit pension liabilities		468		561
Long-term retiree medical liabilities		128		135
Deferred compensation plans		272		441
Other		36		68
	$	904	$	1,205

Defined Benefit Pension Plans

Employee Benefit Obligations

Components of net periodic benefit cost


	Three Months Ended September 30,
	2022						2021
($ in millions)	U.S.		Non-U.S.		Total		U.S.		Non-U.S.		Total

Ball-sponsored plans:
Service cost	$	22	$	3	$	25	$	20	$	4	$	24
Interest cost		13		12		25		12		9		21
Expected return on plan assets		(27)		(15)		(42)		(29)		(17)		(46)
Amortization of prior service cost		—		1		1		—		1		1
Recognized net actuarial loss		7		1		8		12		1		13
Settlement losses and other one-time charges (a)		3		—		3		130		—		130
Total net periodic benefit cost	$	18	$	2	$	20	$	145	$	(2)	$	143

(a)

The charges in 2021 include settlement losses related to the purchase of non-participating annuities, plant shutdown benefits and other settlements that occur in the normal course of business. The charges in 2022 include one-time plant-related charges. These amounts have been recorded in business consolidation and other activities.


	Nine Months Ended September 30,
	2022						2021
($ in millions)	U.S.		Non-U.S.		Total		U.S.		Non-U.S.		Total

Ball-sponsored plans:
Service cost	$	66	$	8	$	74	$	62	$	10	$	72
Interest cost		40		36		76		38		27		65
Expected return on plan assets		(81)		(47)		(128)		(91)		(49)		(140)
Amortization of prior service cost		1		2		3		1		2		3
Recognized net actuarial loss		21		3		24		36		4		40
Settlement losses and other one-time charges (a)		3		—		3		130		—		130
Total net periodic benefit cost	$	50	$	2	$	52	$	176	$	(6)	$	170

(a)