Employee Benefit Obligations (Tables)

3 Months Ended

Mar. 31, 2024

Employee Benefit Obligations

Schedule of employee benefit obligations

	March 31,		December 31,
($ in millions)	2024		2023
Underfunded defined benefit pension liabilities	$	299	$	323
Less: Current portion		(20)		(21)
Long-term defined benefit pension liabilities		279		302
Long-term retiree medical liabilities		84		90
Deferred compensation plans		217		280
Other		65		63
	$	645	$	735

Defined Benefit Pension Plans

Employee Benefit Obligations

Components of net periodic benefit cost

	Three Months Ended March 31,
	2024						2023
($ in millions)	U.S.		Non-U.S.		Total		U.S.		Non-U.S.		Total
Ball-sponsored plans:
Service cost	$	4	$	1	$	5	$	4	$	1	$	5
Interest cost		15		20		35		16		21		37
Expected return on plan assets		(22)		(20)		(42)		(22)		(24)		(46)
Amortization of prior service cost		—		1		1		—		1		1
Recognized net actuarial loss		1		4		5		1		—		1
Total net periodic benefit cost	$	(2)	$	6	$	4	$	(1)	$	(1)	$	(2)