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Employee Benefit Obligations | 3 Months Ended
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Mar. 31, 2026
Employee Benefit Obligations |
Employee Benefit Obligations | 17. Employee Benefit Obligations ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | March 31, | ​ | December 31,
($ in millions) | ​ | 2026 | ​ ​ ​ | 2025
​ | ​ | ​ | ​ | ​ | ​ | ​
Underfunded defined benefit pension liabilities | ​ | $ | 179 | ​ | $ | 191
Less: Current portion | ​ | ​ | (19) | ​ | ​ | (19)
Long-term defined benefit pension liabilities | ​ | ​ | 160 | ​ | ​ | 172
Long-term retiree medical liabilities | ​ | ​ | 77 | ​ | ​ | 77
Deferred compensation plans | ​ | ​ | 158 | ​ | ​ | 178
Other | ​ | ​ | 67 | ​ | ​ | 72
​ | ​ | $ | 462 | ​ | $ | 499
​ Components of net periodic benefit cost associated with the company’s defined benefit pension plans were as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended March 31,
​ | ​ | 2026 | ​ | 2025
($ in millions) | ​ ​ ​ | U.S. | ​ ​ ​ | Non-U.S. | ​ ​ ​ | Total | ​ ​ ​ | U.S. | ​ ​ ​ | Non-U.S. | ​ ​ ​ | Total
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Ball-sponsored plans: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Service cost | ​ | $ | 3 | ​ | $ | — | ​ | $ | 3 | ​ | $ | 4 | ​ | $ | — | ​ | $ | 4
Interest cost | ​ | ​ | 12 | ​ | ​ | 23 | ​ | ​ | 35 | ​ | ​ | 14 | ​ | ​ | 22 | ​ | ​ | 36
Expected return on plan assets | ​ | ​ | (19) | ​ | ​ | (22) | ​ | ​ | (41) | ​ | ​ | (20) | ​ | ​ | (21) | ​ | ​ | (41)
Amortization of prior service cost | ​ | ​ | — | ​ | ​ | 1 | ​ | ​ | 1 | ​ | ​ | — | ​ | ​ | 1 | ​ | ​ | 1
Recognized net actuarial loss | ​ | ​ | 1 | ​ | ​ | 4 | ​ | ​ | 5 | ​ | ​ | 1 | ​ | ​ | 4 | ​ | ​ | 5
Total net periodic benefit cost | ​ | $ | (3) | ​ | $ | 6 | ​ | $ | 3 | ​ | $ | (1) | ​ | $ | 6 | ​ | $ | 5
​ ​ Non-service pension income of $1 million for the three months ended March 31, 2025, is included in selling, general and administrative in the unaudited condensed consolidated statements of earnings. ​ Contributions to the company’s defined benefit pension plans were $7 million for the first three months of 2026 and 2025, and such contributions are expected to be approximately $29 million for the full year of 2026. This estimate may change based on changes in the Pension Protection Act, actual plan asset performance and available company cash flow, among other factors. ​ In November 2023, the Trustee Board of the U.K. defined benefit pension plan entered into an agreement with an insurance company for a bulk annuity purchase, or “buy-in”, for its U.K. defined benefit pension plan to reduce retirement plan risk, while delivering promised benefits to plan participants. This transaction allows the company to reduce volatility by removing investment, longevity, mortality, interest rate and inflation risk upon the transfer of substantially all of the pension plan assets to the insurer in exchange for the group annuity insurance contract. At this time the company retains both the fair value of the annuity contract within plan assets and the pension benefit obligations related to these participants. The plan was frozen on April 5, 2024, and future service accruals were replaced with defined contribution benefits for the impacted employees. The company anticipates the “buy-out” will occur within the second half of 2026, which will trigger a pension settlement that will result in all plan balances, including accumulated pension components within other comprehensive income, being charged to expense as a noncash settlement charge. As of March 31, 2026, accumulated other comprehensive income included $463 million of unrecognized pension losses, expected to be recognized upon settlement.

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- Definition The entire disclosure for an entity's employee compensation and benefit plans, including, but not limited to, postemployment and postretirement benefit plans, defined benefit pension plans, defined contribution plans, non-qualified and supplemental benefit plans, deferred compensation, share-based compensation, life insurance, severance, health care, unemployment and other benefit plans. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 715 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/715/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 712 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/712/tableOfContent Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 710 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/710/tableOfContent Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 718 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/718/tableOfContent + Details
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