Quarterly Results of Operations (Unaudited) (Tables)

12 Months Ended

Dec. 31, 2024

Quarterly Results of Operations (Unaudited)

Schedule of quarterly results of operations

	First		Second		Third		Fourth
($ in millions, except per share amounts)	Quarter		Quarter		Quarter		Quarter
2024
Net sales	$	2,874	$	2,959	$	3,082	$	2,880
Gross profit	$	477	$	489	$	545	$	480
Earnings (loss) from continuing operations	$	79	$	159	$	193	$	(1)
Discontinued operations, net of tax		3,607		—		6		(29)
Net earnings (loss)		3,686		159		199		(30)
Net earnings attributable to noncontrolling interests		1		1		2		2
Net earnings (loss) attributable to Ball Corporation	$	3,685	$	158	$	197	$	(32)	(b)
Basic - continuing operations (a)	$	0.25	$	0.51	$	0.63	$	(0.01)	(b)
Basic - discontinued operations (a)		11.45		—		0.02		(0.10)	(b)
Total basic earnings (loss) per share (a)	$	11.70	$	0.51	$	0.65	$	(0.11)	(b)
Diluted - continuing operations (a)	$	0.25	$	0.51	$	0.63	$	(0.01)	(b)
Diluted - discontinued operations (a)		11.36		—		0.02		(0.10)	(b)
Total diluted earnings (loss) per share (a)	$	11.61	$	0.51	$	0.65	$	(0.11)	(b)
2023
Net sales	$	2,981	$	3,067	$	3,111	$	2,903
Gross profit	$	441	$	453	$	487	$	483
Earnings from continuing operations	$	128	$	125	$	133	$	102
Discontinued operations, net of tax		52		48		71		52
Net earnings		180		173		204		154
Net earnings attributable to noncontrolling interests		3		—		1		—
Net earnings attributable to Ball Corporation	$	177	$	173	$	203	$	154
Basic - continuing operations (a)	$	0.40	$	0.40	$	0.42	$	0.32
Basic - discontinued operations (a)		0.16		0.15		0.22		0.17
Total basic earnings per share (a)	$	0.56	$	0.55	$	0.64	$	0.49
Diluted - continuing operations (a)	$	0.40	$	0.40	$	0.42	$	0.32
Diluted - discontinued operations (a)		0.16		0.15		0.22		0.17
Total diluted earnings per share (a)	$	0.56	$	0.55	$	0.64	$	0.49

(a) Earnings (loss) per share calculations for each quarter are based on the weighted average shares outstanding for that period. As a result, the sum of the quarterly amounts may not equal the annual earnings per share amount.

(b) The company reported a loss from continuing operations and a net loss attributable to Ball Corporation in the three months ended December 31, 2024, and, as a result, all potentially issuable securities were excluded in the diluted earnings (loss) per share calculations as their effect would have been anti-dilutive. The loss in the fourth quarter is primarily driven by a noncash charge to adjust the carrying value of the aluminum cups business to its estimated fair value less cost to sell, as outlined in Note 4.