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Equity and Accumulated Other Comprehensive Earnings (Loss) (Tables)
6 Months Ended
Jun. 30, 2025
Equity and Accumulated Other Comprehensive Earnings (Loss)  
Schedule of company's equity activity

Common Stock

Treasury Stock

Accumulated Other

Number of

Number of

Retained

Comprehensive

Noncontrolling

Total

($ in millions; share amounts in thousands)

    

Shares

    

Amount

    

Shares

    

Amount

    

Earnings

    

Earnings (Loss)

    

Interest

    

Equity

Balance at March 31, 2025

684,673

$

1,401

(405,213)

$

(6,607)

$

11,649

$

(942)

$

68

$

5,569

Net earnings

212

3

215

Other comprehensive earnings (loss), net of tax

(13)

(13)

Common dividends

(55)

(55)

Treasury stock purchases

(7,598)

(456)

(456)

Treasury shares reissued

11

3

3

Shares issued and stock compensation for stock options and other stock plans, net of shares exchanged

175

13

13

Distributions from deferred compensation plans and other activity

1

1

Balance at June 30, 2025

684,848

$

1,414

(412,800)

$

(7,059)

$

11,806

$

(955)

$

71

$

5,277

Common Stock

Treasury Stock

Accumulated Other

Number of

Number of

Retained

Comprehensive

Noncontrolling

Total

($ in millions; share amounts in thousands)

    

Shares

    

Amount

    

Shares

    

Amount

    

Earnings

    

Earnings (Loss)

    

Interest

    

Equity

Balance at March 31, 2024

683,560

$

1,352

(370,544)

$

(4,537)

$

11,386

$

(893)

$

69

$

7,377

Net earnings

158

1

159

Other comprehensive earnings (loss), net of tax

(28)

(28)

Common dividends

(62)

(62)

Treasury stock purchases

(7,249)

(485)

(485)

Treasury shares reissued

(48)

3

3

Shares issued and stock compensation for stock options and other stock plans, net of shares exchanged

241

18

18

Distributions from deferred compensation plans and other activity

2

(1)

1

Balance at June 30, 2024

683,801

$

1,370

(377,841)

$

(5,017)

$

11,481

$

(921)

$

70

$

6,983

Common Stock

Treasury Stock

Accumulated Other

Number of

Number of

Retained

Comprehensive

Noncontrolling

Total

($ in millions; share amounts in thousands)

    

Shares

    

Amount

    

Shares

    

Amount

    

Earnings

    

Earnings (Loss)

    

Interest

    

Equity

Balance at December 31, 2024

684,168

$

1,395

(394,790)

$

(6,057)

$

11,527

$

(1,003)

$

68

$

5,930

Net earnings

391

3

394

Other comprehensive earnings (loss), net of tax

48

48

Common dividends

(112)

(112)

Treasury stock purchases

(18,092)

(1,016)

(1,016)

Treasury shares reissued

82

6

6

Shares issued and stock compensation for stock options and other stock plans, net of shares exchanged

680

19

19

Distributions from deferred compensation plans and other activity

8

8

Balance at June 30, 2025

684,848

$

1,414

(412,800)

$

(7,059)

$

11,806

$

(955)

$

71

$

5,277

Common Stock

Treasury Stock

Accumulated Other

Number of

Number of

Retained

Comprehensive

Noncontrolling

Total

($ in millions; share amounts in thousands)

    

Shares

    

Amount

    

Shares

    

Amount

    

Earnings

    

Earnings (Loss)

    

Interest

    

Equity

Balance at December 31, 2023

683,241

$

1,312

(367,551)

$

(4,390)

$

7,763

$

(916)

$

68

$

3,837

Net earnings

3,843

2

3,845

Other comprehensive earnings (loss), net of tax

(5)

(5)

Common dividends

(125)

(125)

Treasury stock purchases

(10,314)

(681)

(681)

Treasury shares reissued

24

10

10

Shares issued and stock compensation for stock options and other stock plans, net of shares exchanged

560

58

58

Distributions from deferred compensation plans and other activity

44

44

Balance at June 30, 2024

683,801

$

1,370

(377,841)

$

(5,017)

$

11,481

$

(921)

$

70

$

6,983

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)

    

Derivatives Designated as Hedges
(Net of Tax)

    

Accumulated
Other
Comprehensive
Earnings (Loss)

Balance at December 31, 2024

$

(618)

$

(402)

$

17

$

(1,003)

Other comprehensive earnings (loss) before reclassifications

111

(46)

(93)

(28)

Amounts reclassified into earnings

6

(a)

7

63

76

Balance at June 30, 2025

$

(501)

$

(441)

$

(13)

$

(955)

(a)Currency translation recorded in business consolidation and other activities from business disposal.

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

Three Months Ended June 30,

Six Months Ended June 30,

($ in millions)

    

2025

    

2024

    

2025

    

2024

Gains (losses) on cash flow hedges:

Commodity contracts recorded in net sales

$

17

$

(19)

$

12

$

(6)

Commodity contracts recorded in cost of sales

(1)

4

2

(10)

Currency exchange contracts recorded in selling, general and administrative

(73)

16

(101)

48

Interest rate contracts recorded in interest expense

3

3

3

6

Total before tax effect

(54)

4

(84)

38

Tax benefit (expense) on amounts reclassified into earnings

14

(1)

21

(9)

Recognized gain (loss), net of tax

$

(40)

$

3

$

(63)

$

29

Amortization and disposal of pension and other postretirement benefits: (a)

Actuarial gains (losses) (b)

$

(4)

$

(3)

$

(8)

$

(6)

Prior service income (expense) (b)

(1)

(1)

(1)

Aerospace disposal

(127)

Total before tax effect

(5)

(3)

(9)

(134)

Tax benefit (expense) on amounts reclassified into earnings

1

1

2

35

Recognized gain (loss), net of tax

$

(4)

$

(2)

$

(7)

$

(99)

(a)2024 includes amounts associated with the Salaried Employees of Ball Aerospace & Technologies Corp. Pension Plan
(b)These components are included in the computation of net periodic benefit cost detailed in Note 17.