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Employee Benefit Obligations (Tables)
9 Months Ended
Sep. 30, 2015
Employee Benefit Obligations  
Schedule of employee benefit obligations

 

 

 

September 30,

 

December 31,

 

($ in millions)

 

2015

 

2014

 

 

 

 

 

 

 

Underfunded defined benefit pension liabilities, net

 

$

715.8

 

$

724.1

 

Less current portion and prepaid pension assets

 

(17.2

)

(19.4

)

 

 

 

 

 

 

Long-term defined benefit pension liabilities

 

698.6

 

704.7

 

Retiree medical and other postemployment benefits

 

172.2

 

169.0

 

Deferred compensation plans

 

260.1

 

272.2

 

Other

 

28.6

 

32.4

 

 

 

 

 

 

 

 

 

$

1,159.5

 

$

1,178.3

 

 

 

 

 

 

 

 

 

 

Defined Benefit Pension Plans  
Employee Benefit Obligations  
Components of net periodic benefit cost

 

 

 

Three Months Ended September 30,

 

 

 

2015

 

2014

 

($ in millions)

 

U.S.

 

Foreign

 

Total

 

U.S.

 

Foreign

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ball-sponsored plans:

 

 

 

 

 

 

 

 

 

 

 

 

 

Service cost

 

$

13.0

 

$

3.7

 

$

16.7

 

$

11.5

 

$

3.1

 

$

14.6

 

Interest cost

 

14.4

 

4.6

 

19.0

 

15.6

 

6.5

 

22.1

 

Expected return on plan assets

 

(19.8

)

(4.9

)

(24.7

)

(20.6

)

(4.2

)

(24.8

)

Amortization of prior service cost

 

(0.3

)

(0.1

)

(0.4

)

 

(0.2

)

(0.2

)

Recognized net actuarial loss

 

9.7

 

2.3

 

12.0

 

7.2

 

2.0

 

9.2

 

Curtailment and settlement losses

 

5.3

 

 

 

5.3

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net periodic benefit cost for Ball-sponsored plans

 

22.3

 

5.6

 

27.9

 

13.7

 

7.2

 

20.9

 

Net periodic benefit cost for multiemployer plans

 

 

 

 

0.7

 

 

0.7

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total net periodic benefit cost

 

$

22.3

 

$

5.6

 

$

27.9

 

$

14.4

 

$

7.2

 

$

21.6

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nine Months Ended September 30,

 

 

 

2015

 

2014

 

($ in millions)

 

U.S.

 

Foreign

 

Total

 

U.S.

 

Foreign

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ball-sponsored plans:

 

 

 

 

 

 

 

 

 

 

 

 

 

Service cost

 

$

39.0

 

$

11.2

 

$

50.2

 

$

34.3

 

$

10.2

 

$

44.5

 

Interest cost

 

42.9

 

13.8

 

56.7

 

46.8

 

19.6

 

66.4

 

Expected return on plan assets

 

(59.4

)

(14.8

)

(74.2

)

(61.6

)

(12.9

)

(74.5

)

Amortization of prior service cost

 

(0.8

)

(0.3

)

(1.1

)

 

(0.4

)

(0.4

)

Recognized net actuarial loss

 

29.3

 

7.0

 

36.3

 

21.6

 

6.2

 

27.8

 

Curtailment and settlement losses

 

5.3

 

 

5.3

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net periodic benefit cost for Ball-sponsored plans

 

56.3

 

16.9

 

73.2

 

41.1

 

22.7

 

63.8

 

Net periodic benefit cost for multiemployer plans

 

1.0

 

 

1.0

 

2.0

 

 

2.0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total net periodic benefit cost

 

$

57.3

 

$

16.9

 

$

74.2

 

$

43.1

 

$

22.7

 

$

65.8