Employee Benefit Obligations

3 Months Ended

Mar. 31, 2023

Employee Benefit Obligations

Employee Benefit Obligations

17.    Employee Benefit Obligations

	March 31,		December 31,
($ in millions)	2023		2022
Underfunded defined benefit pension liabilities	$	456	$	423
Less: Current portion		(22)		(21)
Long-term defined benefit pension liabilities		434		402
Long-term retiree medical liabilities		90		94
Deferred compensation plans		267		286
Other		33		65
	$	824	$	847

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

	Three Months Ended March 31,
	2023						2022
($ in millions)	U.S.		Non-U.S.		Total		U.S.		Non-U.S.		Total
Ball-sponsored plans:
Service cost	$	13	$	1	$	14	$	22	$	3	$	25
Interest cost		21		21		42		13		13		26
Expected return on plan assets		(28)		(25)		(53)		(27)		(17)		(44)
Amortization of prior service cost		—		1		1		—		1		1
Recognized net actuarial loss		1		—		1		7		1		8
Total net periodic benefit cost	$	7	$	(2)	$	5	$	15	$	1	$	16

Non-service pension income of $9 million for the three months ended March 31, 2023 and 2022, is included in selling, general, and administrative (SG&A) expenses in the unaudited condensed consolidated statements of earnings.

Contributions to the company’s defined benefit pension plans were $4 million for the first three months of 2023 compared to $104 million for the first three months of 2022, and such contributions are expected to be approximately $33 million for the full year of 2023. This estimate may change based on changes in the Pension Protection Act, actual plan asset performance and available company cash flow, among other factors.