Shareholders' Equity (Tables)

12 Months Ended

Dec. 31, 2024

Shareholders' Equity

Schedule of activity related to accumulated other comprehensive earnings (loss)

($ in millions)	​ Currency Translation (Net of Tax)		Pension and Other Postretirement Benefits (Net of Tax)		(a)	Derivatives Designated as Hedges (Net of Tax)		Accumulated Other Comprehensive Earnings (Loss)
Balance at December 31, 2022	$	(434)	$	(227)		$	(18)	$	(679)
Other comprehensive earnings (loss) before reclassifications		54		(308)			8		(246)
Amounts reclassified into earnings		—		(2)			11		9
Balance at December 31, 2023	$	(380)	$	(537)		$	1	$	(916)
Other comprehensive earnings (loss) before reclassifications		(238)		30			76		(132)
Amounts reclassified into earnings		—		11			(60)		(49)
Aerospace disposal		—		94			—		94
Balance at December 31, 2024	$	(618)	$	(402)		$	17	$	(1,003)

(a) Includes amounts associated with the Salaried Employees of Ball Aerospace & Technologies Corp. Pension Plan through the date of the aerospace business sale

Information related to amounts reclassified into net earnings from accumulated other comprehensive earnings (loss)

	Years Ended December 31,
($ in millions)	2024		2023		2022
Gains (losses) on cash flow hedges:
Commodity contracts recorded in net sales	$	(3)	$	43	$	59
Commodity contracts recorded in cost of sales		(4)		(70)		119
Currency exchange contracts recorded in selling, general and administrative		74		5		81
Interest rate contracts recorded in interest expense		11		8		2
Total before tax effect		78		(14)		261
Tax benefit (expense) on amounts reclassified into earnings		(18)		3		(56)
Recognized gain (loss), net of tax	$	60	$	(11)	$	205
Amortization and disposal of pension and other postretirement benefits: (a)
Actuarial gains (losses) (b)	$	(12)	$	4	$	(28)
Prior service income (expense) (b)		(2)		(2)		(2)
Aerospace disposal		(127)		—		—
Effect of settlement losses and other one-time charges (b)		—		—		(10)
Total before tax effect		(141)		2		(40)
Tax benefit (expense) on amounts reclassified into earnings		36		—		10
Recognized gain (loss), net of tax	$	(105)	$	2	$	(30)
Currency translation recorded in business consolidation and other activities from the sale of the Russian aluminum beverage packaging business	$	—	$	—	$	90

(a) Includes amounts associated with the Salaried Employees of Ball Aerospace & Technologies Corp. Pension Plan