Employee Benefit Obligations (Tables)

9 Months Ended

Sep. 30, 2023

Employee Benefit Obligations

Schedule of employee benefit obligations

	September 30,		December 31,
($ in millions)	2023		2022
Underfunded defined benefit pension liabilities	$	424	$	423
Less: Current portion		(21)		(21)
Long-term defined benefit pension liabilities		403		402
Long-term retiree medical liabilities		88		94
Deferred compensation plans		254		286
Other		68		65
	$	813	$	847

Defined Benefit Pension Plans

Employee Benefit Obligations

Components of net periodic benefit cost

	Three Months Ended September 30,
	2023						2022
($ in millions)	U.S.		Non-U.S.		Total		U.S.		Non-U.S.		Total
Ball-sponsored plans:
Service cost	$	14	$	1	$	15	$	22	$	3	$	25
Interest cost		21		21		42		13		12		25
Expected return on plan assets		(28)		(26)		(54)		(27)		(15)		(42)
Amortization of prior service cost		—		1		1		—		1		1
Recognized net actuarial loss		—		1		1		7		1		8
Settlement losses and other charges (a)		3		—		3		3		—		3
Total net periodic benefit cost	$	10	$	(2)	$	8	$	18	$	2	$	20

(a) The charges in 2023 and 2022 include plant-related closure charges. These amounts have been recorded in business consolidation and other activities.

	Nine Months Ended September 30,
	2023						2022
($ in millions)	U.S.		Non-U.S.		Total		U.S.		Non-U.S.		Total
Ball-sponsored plans:
Service cost	$	40	$	4	$	44	$	66	$	8	$	74
Interest cost		64		64		128		40		36		76
Expected return on plan assets		(85)		(76)		(161)		(81)		(47)		(128)
Amortization of prior service cost		—		2		2		1		2		3
Recognized net actuarial loss		2		1		3		21		3		24
Settlement losses and other charges (a)		3		—		3		3		—		3
Total net periodic benefit cost	$	24	$	(5)	$	19	$	50	$	2	$	52

(a) The charges in 2023 and 2022 include plant-related closure charges. These amounts have been recorded in business consolidation and other activities.