Employee Benefit Obligations (Tables)

6 Months Ended

Jun. 30, 2024

Employee Benefit Obligations

Schedule of employee benefit obligations

	June 30,		December 31,
($ in millions)	2024		2023
Underfunded defined benefit pension liabilities	$	291	$	323
Less: Current portion		(20)		(21)
Long-term defined benefit pension liabilities		271		302
Long-term retiree medical liabilities		83		90
Deferred compensation plans		209		280
Other		61		63
	$	624	$	735

Defined Benefit Pension Plans

Employee Benefit Obligations

Components of net periodic benefit cost

	Three Months Ended June 30,
	2024						2023
($ in millions)	U.S.		Non-U.S.		Total		U.S.		Non-U.S.		Total
Ball-sponsored plans:
Service cost	$	4	$	—	$	4	$	4	$	2	$	6
Interest cost		15		21		36		16		21		37
Expected return on plan assets		(22)		(19)		(41)		(21)		(26)		(47)
Amortization of prior service cost		—		—		—		—		—		—
Recognized net actuarial loss		1		3		4		—		1		1
Total net periodic benefit cost	$	(2)	$	5	$	3	$	(1)	$	(2)	$	(3)

	Six Months Ended June 30,
	2024						2023
($ in millions)	U.S.		Non-U.S.		Total		U.S.		Non-U.S.		Total
Ball-sponsored plans:
Service cost	$	8	$	1	$	9	$	8	$	3	$	11
Interest cost		30		41		71		32		42		74
Expected return on plan assets		(44)		(39)		(83)		(43)		(50)		(93)
Amortization of prior service cost		—		1		1		—		1		1
Recognized net actuarial loss		2		7		9		1		1		2
Total net periodic benefit cost	$	(4)	$	11	$	7	$	(2)	$	(3)	$	(5)