Employee Benefit Obligations (Tables)

9 Months Ended

Sep. 30, 2024

Employee Benefit Obligations

Schedule of employee benefit obligations

	September 30,		December 31,
($ in millions)	2024		2023
Underfunded defined benefit pension liabilities	$	286	$	323
Less: Current portion		(21)		(21)
Long-term defined benefit pension liabilities		265		302
Long-term retiree medical liabilities		82		90
Deferred compensation plans		222		280
Other		61		63
	$	630	$	735

Pension Plan [Member]

Employee Benefit Obligations

Components of net periodic benefit cost

	Three Months Ended September 30,
	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		21		36		16		22		38
Expected return on plan assets		(22)		(21)		(43)		(22)		(26)		(48)
Amortization of prior service cost		—		1		1		1		1		2
Recognized net actuarial loss		1		4		5		1		—		1
Settlement losses and other charges (a)		—		—		—		3		—		3
Total net periodic benefit cost	$	(2)	$	6	$	4	$	3	$	(2)	$	1

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

	Nine Months Ended September 30,
	2024						2023
($ in millions)	U.S.		Non-U.S.		Total		U.S.		Non-U.S.		Total
Ball-sponsored plans:
Service cost	$	12	$	2	$	14	$	12	$	4	$	16
Interest cost		45		62		107		48		64		112
Expected return on plan assets		(66)		(60)		(126)		(65)		(76)		(141)
Amortization of prior service cost		—		2		2		1		2		3
Recognized net actuarial loss		3		11		14		2		1		3
Settlement losses and other charges (a)		—		—		—		3		—		3
Total net periodic benefit cost	$	(6)	$	17	$	11	$	1	$	(5)	$	(4)

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