Ball (BALL) 10-Q1 Nov 192019 Q3 Quarterly reportFinancial data

Company Profile

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
Document and Entity Information - shares	Sep. 30, 2019	Oct. 31, 2019
Document and Entity Information
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2019
Document Transition Report	false
Current Fiscal Year End Date	--12-31
Entity Registrant Name	BALL Corp
Entity File Number	001-07349
Entity Incorporation, State or Country Code	IN
Entity Tax Identification Number	35-0160610
Entity Address, Address Line One	10 Longs Peak Drive, P.O. Box 5000
Entity Address, City or Town	Broomfield
Entity Address, State or Province	CO
Entity Address, Postal Zip Code	80021-2510
City Area Code	303
Local Phone Number	469-3131
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		327,129,526
Title of 12(b) Security	Common Stock, without par value
Trading Symbol	BLL
Security Exchange Name	NYSE
Entity Central Index Key	0000009389
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q3
Amendment Flag	false

Consolidated Statements of Earn

Consolidated Statements of Earnings - USD ($) shares in Thousands, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Consolidated Statements of Earnings
Net sales	$ 2,953	$ 2,946	$ 8,755	$ 8,832
Costs and expenses
Cost of sales (excluding depreciation and amortization)	(2,363)	(2,362)	(7,044)	(7,083)
Depreciation and amortization	(169)	(171)	(510)	(529)
Selling, general and administrative	(90)	(113)	(328)	(352)
Business consolidation and other activities	(133)	(32)	(147)	(131)
Total costs and expenses	(2,755)	(2,678)	(8,029)	(8,095)
Earnings before interest and taxes	198	268	726	737
Interest expense	(79)	(76)	(237)	(226)
Debt refinancing and other costs			(4)	(1)
Total interest expense	(79)	(76)	(241)	(227)
Earnings before taxes	119	192	485	510
Tax (provision) benefit	(32)	(140)	(73)	(220)
Equity in results of affiliates, net of tax	5	7	(6)	14
Net earnings	92	59	406	304
Net (earnings) loss attributable to noncontrolling interests				(1)
Net earnings attributable to Ball Corporation	$ 92	$ 59	$ 406	$ 303
Earnings per share:
Per basic share (in dollars per share)	$ 0.28	$ 0.17	$ 1.22	$ 0.87
Per diluted share (in dollars per share)	$ 0.27	$ 0.17	$ 1.19	$ 0.86
Weighted average shares outstanding (000s):
Basic (in shares)	331,148	342,982	332,726	347,113
Diluted (in shares)	340,632	349,709	341,702	353,755

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Earnings (Loss) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Consolidated Statements of Comprehensive Earnings (Loss)
Net earnings	$ 92	$ 59	$ 406	$ 304
Other comprehensive earnings (loss):
Foreign currency translation adjustment	50	(47)	136	(157)
Pension and other postretirement benefits	20	49	27	68
Derivatives designated as hedges	16	(28)	47	(48)
Total other comprehensive earnings (loss)	86	(26)	210	(137)
Income tax (provision) benefit	(5)	(7)	(12)	(7)
Total other comprehensive earnings (loss), net of tax	81	(33)	198	(144)
Total comprehensive earnings (loss)	173	26	604	160
Comprehensive (earnings) loss attributable to noncontrolling interests				(1)
Comprehensive earnings (loss) attributable to Ball Corporation	$ 173	$ 26	$ 604	$ 159

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Millions	Sep. 30, 2019	Jun. 30, 2019	Jan. 01, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Dec. 31, 2017
Current assets
Cash and cash equivalents	$ 483			$ 721	$ 598		$ 448
Receivables, net	1,957			1,802
Inventories, net	1,180			1,271
Other current assets	209		$ 139	146
Total current assets	3,829			3,940
Noncurrent assets
Property, plant and equipment, net	4,320			4,542
Goodwill	4,371			4,475
Intangible assets, net	2,027			2,188
Other assets	1,690			1,409
Total assets	16,237			16,554
Current liabilities
Short-term debt and current portion of long-term debt	361			219
Accounts payable	2,658			3,095
Accrued employee costs	256			289
Other current liabilities	498		489	492
Total current liabilities	3,773			4,095
Noncurrent liabilities
Long-term debt	6,623			6,510
Employee benefit obligations	1,383			1,455
Deferred taxes	602			645
Other liabilities	391		$ 273	287
Total liabilities	12,772			12,992
Equity
Common stock (676,051,079 shares issued - 2019; 673,236,720 shares issued - 2018)	1,177			1,157
Retained earnings	5,694			5,341
Accumulated other comprehensive earnings (loss)	(716)			(835)
Treasury stock, at cost (346,854,718 shares - 2019; 337,978,571 shares - 2018)	(2,790)			(2,205)
Total Ball Corporation shareholders' equity	3,365			3,458
Noncontrolling interests	100			104
Total equity	3,465	$ 3,564		3,562	$ 3,745	$ 3,995	$ 4,084
Total liabilities and equity	$ 16,237			$ 16,554

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - shares	Sep. 30, 2019	Dec. 31, 2018
Consolidated Balance Sheets
Common stock, shares issued	676,051,079	673,236,720
Treasury stock, at cost	346,854,718	337,978,571

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Cash Flows from Operating Activities
Net earnings	$ 406	$ 304
Adjustments to reconcile net earnings to cash provided by (used in) operating activities:
Depreciation and amortization	510	529
Business consolidation and other activities	147	131
Deferred tax provision (benefit)	(16)	103
Other, net	32	72
Changes in working capital components, net of dispositions	(423)	(112)
Cash provided by (used in) operating activities	656	1,027
Cash Flows from Investing Activities
Capital expenditures	(425)	(616)
Business dispositions, net of cash sold	(50)	551
Other, net	26	50
Cash provided by (used in) investing activities	(449)	(15)
Cash Flows from Financing Activities
Long-term borrowings	1,098	1,475
Repayments of long-term borrowings	(906)	(1,531)
Net change in short-term borrowings	131	(189)
Proceeds from issuances of common stock, net of shares used for taxes	16	25
Acquisitions of treasury stock	(614)	(464)
Common stock dividends	(133)	(104)
Other, net	(10)	(13)
Cash provided by (used in) financing activities	(418)	(801)
Effect of exchange rate changes on cash	(20)	(59)
Change in cash, cash equivalents and restricted cash	(231)	152
Cash, cash equivalents and restricted cash - beginning of period	728	459
Cash, cash equivalents and restricted cash - end of period	$ 497	$ 611

Basis of Presentation

Basis of Presentation	9 Months Ended
Basis of Presentation	Sep. 30, 2019
Basis of Presentation
Basis of Presentation	1 . Basis of Presentation The accompanying unaudited condensed consolidated financial statements include the accounts of Ball Corporation and its controlled affiliates, including its consolidated variable interest entities (collectively Ball, the company, we or our), and have been prepared by the company. Certain information and footnote disclosures, including critical and significant accounting policies normally included in financial statements prepared in accordance with generally accepted accounting principles, have been condensed or omitted for this quarterly presentation. Results of operations for the periods shown are not necessarily indicative of results for the year, particularly in view of the seasonality in the packaging segments and the variability of contract sales in the company’s aerospace segment. These unaudited condensed consolidated financial statements and accompanying notes should be read in conjunction with the consolidated financial statements and the notes thereto included in the company’s 2018 Annual Report on Form 10-K filed on February 22, 2019, pursuant to the Securities Exchange Act of 1934 for the fiscal year ended December 31, 2018 (annual report). The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (U.S. GAAP) requires Ball’s management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent liabilities at the date of the financial statements and reported amounts of sales and expenses during the reporting periods. These estimates are based on historical experience and various assumptions believed to be reasonable under the circumstances. Ball’s management evaluates these estimates on an ongoing basis and adjusts or revises the estimates as circumstances change. As future events and their impacts cannot be determined with precision, actual results may differ from these estimates. In the opinion of management, the financial statements reflect all adjustments necessary to fairly state the results of the periods presented. Certain prior year amounts have been reclassified in order to conform to the current year presentation.

Accounting Pronouncements

Accounting Pronouncements	9 Months Ended
Accounting Pronouncements	Sep. 30, 2019
Accounting Pronouncements
Accounting Pronouncements	2. Accounting Pronouncements Recently Adopted Accounting Standards New Lease Accounting Guidance In February 2016, lease accounting guidance was issued which, for operating leases, requires a lessee to recognize a right-of-use (ROU) asset and a lease liability. The guidance also requires a lessee to recognize a single lease cost, calculated so that the cost of the lease is allocated over the lease term, generally on a straight line basis. On January 1, 2019, Ball adopted the new guidance and all related amendments (the new lease standard), applying the modified retrospective method to all contracts that were not completed as of January 1, 2019. As such, comparative information has not been restated and continues to be reported under the accounting standards in effect for those prior periods. As part of adopting the new lease standard, Ball has made the following elections: ● To carry forward the historical lease determination and classification conclusions as established under the old standard, and not reassess initial direct costs for existing leases; ● To carry forward its historical accounting treatment for land easements on existing agreements; ● Not to apply the balance sheet recognition requirements of the new lease standard to leases with a term of one year or less (short-term leases); and ● For all classes of underlying assets, to account for non-lease components of a contract as part of the single lease component to which they are related. The adoption of the new lease standard resulted in the following impacts on our unaudited consolidated balance sheets: ($ in millions) Balance at December 31, 2018 Adjustments Due to Adoption Balance at January 1, 2019 Assets: Other current assets $ 140 $ (1) $ 139 Operating lease right-of-use assets (a) — 244 244 Other assets 1,409 (25) 1,384 Liabilities: Other current liabilities $ 492 $ (3) $ 489 Current operating lease liabilities (b) — 53 53 Other liabilities 287 (14) 273 Noncurrent operating lease liabilities (b) — 182 182 (a) Operating lease right-of-use assets are recognized within other assets in Ball’s unaudited condensed consolidated balance sheets. (b) Current and noncurrent operating lease liabilities are recognized within other current liabilities and other liabilities , respectively, in Ball’s unaudited condensed consolidated balance sheets. Ball’s adoption of the new lease standard had an immaterial impact on Ball’s results of operations in the unaudited condensed consolidated statements of earnings; an immaterial impact on Ball’s cash flows from operating, financing, and investing activities in the unaudited condensed consolidated statements of cash flows and no impact on Ball’s opening retained earnings balance. Ball’s accounting for finance leases remains substantially unchanged as a result of the adoption. See Note 14 for further details regarding Ball’s leases. Stranded Tax Effects In February 2018, accounting guidance was issued to permit the reclassification from accumulated other comprehensive income to retained earnings of stranded tax effects resulting from the U.S. Tax Cuts and Jobs Act signed into law in December 2017. Ball adopted this guidance on January 1, 2019, and an election was made to reclassify on the first day of the period of adoption. The total tax amount reclassified was $79 million. Remaining stranded tax amounts in accumulated other comprehensive income, which are not related to the U.S. Tax Cuts and Jobs Act, are not significant and will be reclassified to the income statement when the activity leading to the deferral of gains and losses has ceased in full. New Accounting Guidance Cloud Computing Arrangements In August 2018, amendments to existing accounting guidance were issued to clarify the accounting for implementation costs related to cloud computing arrangements. The amendments specify that existing guidance for capitalizing implementation costs incurred to develop or obtain internal-use software also applies to capitalizing implementation costs incurred in a hosting arrangement that is a service contract. The guidance is effective for Ball on January 1, 2020, and is not expected to have a material effect on the company’s consolidated financial statements. Financial Assets Amendments to existing guidance were issued in June 2016, followed by improvements and transition relief in 2018 and 2019, requiring financial assets or a group of financial assets measured at amortized cost basis to be presented at the net amount expected to be collected when finalized. The allowance for credit losses is a valuation account that will be deducted from the amortized cost basis of the financial asset to present the net carrying value at the amount expected to be collected on the financial asset. This guidance is expected to primarily affect Ball’s trade receivables; however, the guidance applies to other financial assets as well. The guidance is effective for Ball on January 1, 2020, and is not expected to have a material effect on the company’s consolidated financial statements.

Business Segment Information

Business Segment Information	9 Months Ended
Business Segment Information	Sep. 30, 2019
Business Segment Information
Business Segment Information	3. Business Segment Information Ball’s operations are organized and reviewed by management along its product lines and geographical areas and presented in the four reportable segments outlined below: Beverage packaging, North and Central America : Beverage packaging, South America : Beverage packaging, Europe : Aerospace : As presented in the table below, Other consists of non-reportable segments located in Africa, Middle East and Asia (beverage packaging, AMEA) and Asia Pacific (beverage packaging, Asia Pacific) that manufacture and sell metal beverage containers; a non-reportable segment that manufactures and sells aerosol containers, extruded aluminum aerosol containers and aluminum slugs (aerosol packaging); undistributed corporate expenses; intercompany eliminations and other business activities. The accounting policies of the segments are the same as those in the company’s consolidated financial statements as discussed in Note 1. The company also has investments in operations in Guatemala, Panama, South Korea, the U.S. and Vietnam that are accounted for under the equity method of accounting and, accordingly, those results are not included in segment sales or earnings. Summary of Business by Segment Three Months Ended September 30, Nine Months Ended September 30, ($ in millions) 2019 2018 2019 2018 Net sales Beverage packaging, North and Central America $ 1,230 $ 1,237 $ 3,647 $ 3,513 Beverage packaging, South America 392 391 1,210 1,229 Beverage packaging, Europe 699 683 2,052 1,995 Aerospace 374 283 1,081 837 Reportable segment sales 2,695 2,594 7,990 7,574 Other 258 352 765 1,258 Net sales $ 2,953 $ 2,946 $ 8,755 $ 8,832 Comparable operating earnings Beverage packaging, North and Central America $ 157 $ 153 $ 416 $ 423 Beverage packaging, South America 60 71 193 235 Beverage packaging, Europe 90 84 241 219 Aerospace 35 26 103 75 Reportable segment comparable operating earnings 342 334 953 952 Reconciling items Other (a) 27 6 38 40 Business consolidation and other activities (133) (32) (147) (131) Amortization of acquired Rexam intangibles (38) (40) (118) (124) Earnings before interest and taxes 198 268 726 737 Interest expense (79) (76) (237) (226) Debt refinancing and other costs — — (4) (1) Total interest expense (79) (76) (241) (227) Earnings before taxes $ 119 $ 192 $ 485 $ 510 (a) Includes undistributed corporate expenses, net, of $5 million and $21 million for the three months ended September 30, 2019 and 2018, respectively, and $44 million and $64 million for the nine months ended September 30, 2019 and 2018, respectively. The company does not disclose total assets by segment as it is not provided to the chief operating decision maker.

Acquisitions and Dispositions

Acquisitions and Dispositions	9 Months Ended
Acquisitions and Dispositions	Sep. 30, 2019
Acquisitions and Dispositions
Acquisitions and Dispositions	4. Acquisitions and Dispositions Argentina Steel Aerosol Business In August 2019, the company announced an agreement to sell its Argentina steel aerosol packaging business which has facilities in Garin and San Luis, Argentina. As the transaction closed in October 2019, the assets and liabilities of the business have been presented as held for sale as of September 30, 2019. Upon reclassification of the assets and liabilities to held for sale, the carrying value of the disposal group as a whole was compared to the fair value of the business less costs to sell. Following this review, an allowance of $7 million was applied to the carrying value of assets held for sale, resulting in assets held for sale totaling $16 million and liabilities held for sale totaling $13 million, which are included in other current assets and other current liabilities, respectively, in the unaudited condensed consolidated balance sheets. In addition, cumulative translation adjustments of $45 million related to the Argentina business that had been previously recorded in accumulated other comprehensive income were recognized as a charge to earnings upon classification of the business as held for sale. Both charges have been presented in business consolidation and other activities in the unaudited condensed consolidated statements of earnings. Beverage Packaging China In September 2019, the company completed the sale of the its metal beverage packaging business in China for upfront consideration of approximately $213 million, subject to customary closing adjustments, plus potential additional consideration related to the relocation of an existing facility in China in the coming years. The upfront proceeds from this sale are expected to be received in the fourth quarter of 2019 and are included in receivables in the unaudited condensed consolidated balance sheet as of September 30, 2019; the potential additional consideration is included in other long-term assets. The company recorded a loss on disposal of $45 million in business consolidation and other activities in the unaudited condensed consolidated statement of earnings. The loss occurred during the third quarter as a result of a decline in the local real estate market associated with the potential facility relocation, adverse foreign exchange movements and finalization of customary closing adjustments. U.S. Steel Food and Steel Aerosol Business On July 31, 2018, Ball sold its U.S. steel food and steel aerosol packaging business and formed a joint venture, Ball Metalpack. In exchange for the sale of this business, Ball received approximately $600 million of cash proceeds, subject to customary closing adjustments completed as of December 31, 2018, as well as a 49 percent ownership interest in Ball Metalpack. This investment is reported in other assets as an equity method investment in Ball’s unaudited condensed consolidated balance sheets. Ball recorded a loss of $41 million in connection with this sale. This loss was recorded in business consolidation and other activities in the unaudited condensed consolidated statement of earnings. The assets of the sold business included nine plants that manufacture and sell steel food and steel aerosol containers. The manufacturing plants were located in Canton and Columbus, Ohio; Milwaukee and Deforest, Wisconsin; Chestnut Hill, Tennessee; Horsham, Pennsylvania; Springdale, Arkansas; and Oakdale, California.

Revenue from Contracts With Cus

Revenue from Contracts With Customers	9 Months Ended
Revenue from Contracts With Customers	Sep. 30, 2019
Revenue from Contract with Customer
Revenue from Contracts with Customers	5. Revenue from Contracts with Customers Disaggregation of Sales The company disaggregates net sales by reportable segments as disclosed in Note 3, and based on the timing of transfer of control for goods and services as explained below. The transfer of control for goods and services may occur at a point in time or over time. As disclosed in Note 3, the company’s business consists of four reportable segments, which encompass disaggregated product lines and geographical areas: (1) beverage packaging, North and Central America; (2) beverage packaging, South America; (3) beverage packaging, Europe; and (4) aerospace. The following table disaggregates the company’s net sales based on the timing of transfer of control: Three Months Ended September 30, 2019 Nine Months Ended September 30, 2019 ($ in millions) Point in Time Over Time Total Point in Time Over Time Total Total net sales $ 555 $ 2,398 $ 2,953 $ 1,659 $ 7,096 $ 8,755 Three Months Ended September 30, 2018 Nine Months Ended September 30, 2018 ($ in millions) Point in Time Over Time Total Point in Time Over Time Total Total net sales $ 665 $ 2,281 $ 2,946 $ 2,082 $ 6,750 $ 8,832 Contract Balances The company enters into contracts to sell beverage packaging, aerosol packaging, and aerospace products and services. The company did not have any contract assets at either September 30, 2019, or December 31, 2018. Unbilled receivables, which are not classified as contract assets, represent arrangements in which sales have been recorded prior to billing and right to payment is unconditional. The opening and closing balances of the company’s current and noncurrent contract liabilities are as follows: Contracts Contract Liabilities Liabilities ($ in millions) (Current) (Noncurrent) Balance at December 31, 2017 $ 45 $ — Increase — 8 Balance at December 31, 2018 $ 45 $ 8 Increase 12 — Balance at September 30, 2019 $ 57 $ 8 During the nine months ended September 30, 2019, contract liabilities increased by $12 million, which is net of cash received of $171 million and amounts recognized as sales of $159 million, all of which related to current contract liabilities. The amount of sales recognized in the nine months ended September 30, 2019, which were included in the opening contract liabilities balances, was $45 million, all of which related to current contract liabilities. Current contract liabilities are classified within other current liabilities on the unaudited condensed consolidated balance sheet and noncurrent contract liabilities are classified within other liabilities. The company also recognized sales of $4 million and $10 million in the three and nine months ended September 30, 2019, respectively, and $3 million and $8 million for the three and nine months ended September 30, 2018, respectively, from performance obligations satisfied (or partially satisfied) in prior periods. These sales amounts are the result of changes in the transaction price of the company’s contracts with customers. Transaction Price Allocated to Remaining Performance Obligations In the context of the revenue recognition standard, enforceable contracts are those that have an enforceable right to payment, which Ball typically has once a binding forecast or purchase order (or similar contract) is in place and Ball produces under the contract. Within Ball’s packaging segments, enforceable contracts as defined all have a duration of less than one year. Contracts that have an original duration of less than one year are excluded from the requirement to disclose remaining performance obligations based on the company’s election to use the practical expedient. The table below discloses: (1) the aggregate amount of the transaction price allocated to performance obligations that are unsatisfied (or partially unsatisfied) as of the end of the reporting period for contracts with an original duration of greater than one year, and (2) when the company expects to record sales on these multi-year contracts. ($ in millions) Next Twelve Months Thereafter Total Sales expected to be recognized on multi-year contracts in place as of September 30, 2019 $ 1,300 $ 868 $ 2,168 The contracts with an original duration of less than one year, which are excluded from the table above based on the company’s election of the practical expedient, are primarily related to contracts where control will be fully transferred to the customers in less than one year.

Business Consolidation and Othe

Business Consolidation and Other Activities	9 Months Ended
Business Consolidation and Other Activities	Sep. 30, 2019
Business Consolidation and Other Activities
Business Consolidation and Other Activities	6. Business Consolidation and Other Activities The following is a summary of business consolidation and other activity (charges)/income included in the unaudited condensed consolidated statements of earnings: Three Months Ended September 30, Nine Months Ended September 30, ($ in millions) 2019 2018 2019 2018 Beverage packaging, North and Central America $ (2) $ (14) $ (8) $ (16) Beverage packaging, South America (14) 12 22 11 Beverage packaging, Europe (9) (3) (24) (17) Other (108) (27) (137) (109) $ (133) $ (32) $ (147) $ (131) 2019 Beverage Packaging, North and Central America During the three and nine months ended September 30, 2019, the company recorded charges of $1 million and $7 million, respectively, for revised estimates of charges recorded in prior periods in connection with the previously announced closures of its beverage can manufacturing facilities in Chatsworth, California, and Longview, Texas, and its beverage end manufacturing facility in Birmingham, Alabama. The Birmingham facility ceased production during the second quarter of 2018, and the Chatsworth and Longview facilities ceased production during the third quarter of 2018. Ball sold the Chatsworth facility during the fourth quarter of 2018. Charges in the three and nine months ended September 30, 2019, included $1 million of expense for individually insignificant activities. Beverage Packaging, South America During the nine months ended September 30, 2019, the company recorded a $56 million gain related to indirect tax gain contingencies in Brazil as these amounts are now estimable and realizable. The company’s Brazilian subsidiaries filed lawsuits in 2014 and 2015 to challenge the Brazilian tax authorities regarding the computation of certain indirect taxes, claiming amounts were overpaid to the tax authorities because the tax base included a “tax on tax” component. See Note 21 for further details. The amounts recorded in business consolidation and other activities relate to periods prior to 2019. In the event other comparable cases are resolved and the amounts claimed become estimable and realizable, the company will record gains, which may result in material reimbursements to the company in future periods. During the three and nine months ended September 30, 2019, the company recorded charges of $13 million and $29 million, respectively, composed of facility shutdown costs, asset impairment, accelerated depreciation and other costs related to restructuring activities. Charges in the three and nine months ended September 30, 2019, included $1 million and $5 million of expense, respectively, for individually insignificant activities. Beverage Packaging, Europe During the three and nine months ended September 30, 2019, the company recorded charges of $6 million and $17 million, respectively, for asset impairments, accelerated depreciation and inventory impairments related to previously announced plant closures and restructuring activities. Other charges in the three and nine months ended September 30, 2019, included $3 million and $7 million of expense, respectively, for individually insignificant activities. Other During the three months ended September 30, 2019, the company recorded the following amounts: ● A $45 million loss on the sale of the metal beverage packaging business in China. ● Charges of $7 million related to the fair value of the assets and liabilities of the Argentina steel aerosol packaging business being presented as held for sale as of September 30, 2019, and charges of $45 million related to cumulative translation adjustments previously recorded in accumulated other comprehensive income. ● A settlement loss of $8 million primarily related to the purchase of non-participating group annuity contracts to settle the projected pension benefit obligations in Ball’s Canadian defined benefit pension plan which triggered settlement accounting. The settlement loss primarily represented the aggregate unamortized actuarial loss in these pension plans. ● Income of $2 million for revised estimates related to long-term incentive and other compensation arrangements associated with the Rexam acquisition and integration. ● Charges of $5 million for individually insignificant activities. During the nine months ended September 30, 2019, the company recorded the following amounts: ● A $45 million loss on the sale of the metal beverage packaging business in China and charges of $16 million for estimated employee severance costs and professional services associated with the sale. ● Charges of $7 million related to the fair value of the assets and liabilities of the Argentina steel aerosol packaging business being presented as held for sale as of September 30, 2019, and charges of $45 million related to cumulative translation adjustments previously recorded in accumulated other comprehensive income. ● A settlement loss of $8 million primarily related to the purchase of non-participating group annuity contracts to settle the projected pension benefit obligations in Ball’s Canadian defined benefit pension plan which triggered settlement accounting. The settlement loss primarily represented the aggregate unamortized actuarial loss in these pension plans. ● Charges of $5 million for long-term incentive and other compensation arrangements associated with the Rexam acquisition and integration. ● Charges of $11 million for individually insignificant activities. 2018 Beverage Packaging, North and Central America During the three months ended September 30, 2018, the company recorded $9 million of expense for employee severance and benefits, facility shutdown costs, asset impairment, accelerated depreciation and other costs in connection with the previously announced closures of its beverage can manufacturing facilities in Chatsworth, California, and Longview, Texas, and its beverage end manufacturing facility in Birmingham, Alabama. Expense for the nine months ended September 30, 2018, included the same costs and was partially offset by the reversal of $5 million of expense for revised estimates of charges recorded in prior periods. During the nine months ended September 30, 2018, the company recorded charges of $2 million related to the closure of its Reidsville, North Carolina, plant, which ceased production in 2017. Other income and charges in the three and nine months ended September 30, 2018, included $5 million of expense and $10 million of expense, respectively, for individually insignificant activities. Beverage Packaging, South America During the third quarter of 2018, the company recorded a $16 million gain related to indirect tax gain contingencies in Brazil as these amounts became realizable. Charges in the three and nine months ended September 30, 2018, included $4 million and $5 million of expense, respectively, for individually insignificant activities. Beverage Packaging, Europe During the three and nine months ended September 30, 2018, the company recorded charges of $2 million and $15 million, respectively, for employee severance and benefits, facility shutdown costs and other costs in connection with the closure of its Recklinghausen, Germany, plant, which ceased production during the third quarter of 2017. Other charges in the three and nine months ended September 30, 2018, included $1 million and $2 million of expense, respectively, for individually insignificant activities. Other During the three months ended September 30, 2018, the company recorded the following amounts: ● A settlement loss of $14 million primarily related to the purchase of non-participating group annuity contracts to settle a portion of the projected pension benefit obligations in certain Ball U.S. defined benefit pension plans which triggered settlement accounting. The settlement loss primarily represented a pro rata portion of the aggregate unamortized actuarial loss in these pension plans. ● A $3 reduction to the estimated loss recorded as of June 30, 2018, related to the sale of the U.S. steel food and steel aerosol packaging business. ● Charges of $4 million for long-term incentive and other compensation arrangements associated with the Rexam acquisition. ● Charges of $6 million for professional services and other costs associated with the sale of the U.S. steel food and steel aerosol packaging business. ● Charges of $6 million for individually insignificant activities. During the nine months ended September 30, 2018, the company recorded the following amounts: ● A settlement loss of $14 million primarily related to the purchase of non-participating group annuity contracts to settle a portion of the projected pension benefit obligations in certain Ball U.S. defined benefit pension plans which triggered settlement accounting. The settlement loss primarily represented a pro rata portion of the aggregate unamortized actuarial loss in these pension plans. ● A $38 million loss on the sale of the U.S. steel food and steel aerosol packaging business. ● Charges of $19 million for long-term incentive and other compensation arrangements associated with the Rexam acquisition. ● Charges of $4 million for employee severance and benefits, accelerated depreciation and inventory impairment related to manufacturing cost rationalization. ● Charges of $10 million for professional services and other costs associated with the sale of the U.S. steel food and steel aerosol packaging business. ● Charges of $24 million for individually insignificant activities.

Supplemental Cash Flow Statemen

Supplemental Cash Flow Statement Disclosures	9 Months Ended
Supplemental Cash Flow Statement Disclosures	Sep. 30, 2019
Supplemental Cash Flow Statement Disclosures
Cash and Cash Equivalents Disclosure [Text Block]	7. Supplemental Cash Flow Statement Disclosures September 30, ($ in millions) 2019 2018 Beginning of period: Cash and cash equivalents $ 721 $ 448 Current restricted cash (included in other current assets) 7 10 Noncurrent restricted cash (included in other assets) — 1 Total cash, cash equivalents and restricted cash $ 728 $ 459 End of period: Cash and cash equivalents $ 483 $ 598 Current restricted cash (included in other current assets) 9 13 Cash in assets held for sale (included in other current assets) 5 — Total cash, cash equivalents and restricted cash $ 497 $ 611 The company’s restricted cash is primarily related to receivables factoring programs and represents amounts collected from customers that have not yet been remitted to the banks as of the end of the reporting period. Noncash investing activities include the acquisition of property, plant and equipment (PP&E) for which payment has not been made. These noncash capital expenditures are excluded from the statement of cash flows. The PP&E acquired but not yet paid for amounted to $124 million at September 30, 2019, and $127 million at December 31, 2018.

Receivables, Net

Receivables, Net	9 Months Ended
Receivables, Net	Sep. 30, 2019
Receivables, Net
Receivables, Net	8. Receivables, Net September 30, December 31, ($ in millions) 2019 2018 Trade accounts receivable $ 922 $ 812 Unbilled receivables 491 478 Less allowance for doubtful accounts (8) (10) Net trade accounts receivable 1,405 1,280 Other receivables 552 522 $ 1,957 $ 1,802 The company has entered into several regional committed and uncommitted accounts receivable factoring programs with various financial institutions for certain of its receivables. The programs are accounted for as true sales of the receivables, without recourse to Ball, and had combined limits of approximately $1.3 billion at September 30, 2019, and $1.2 billion at December 31, 2018. A total of $155 million and $178 million were available for sale under these programs as of September 30, 2019, and December 31, 2018, respectively. Other receivables include income and sales tax receivables, the receivable of $213 million for the proceeds from the sale of the China beverage packaging business, related party receivables and other miscellaneous receivables.

Inventories, Net

Inventories, Net	9 Months Ended
Inventories, Net	Sep. 30, 2019
Inventories, Net
Inventories, Net	9. Inventories, Net September 30, December 31, ($ in millions) 2019 2018 Raw materials and supplies $ 720 $ 727 Work-in-process and finished goods 541 614 Less inventory reserves (81) (70) $ 1,180 $ 1,271

Property, Plant and Equipment,

Property, Plant and Equipment, Net	9 Months Ended
Property, Plant and Equipment, Net	Sep. 30, 2019
Property, Plant and Equipment, Net.
Property, Plant and Equipment, Net	10. Property, Plant and Equipment, Net September 30, December 31, ($ in millions) 2019 2018 Land $ 148 $ 159 Buildings 1,352 1,359 Machinery and equipment 5,203 5,250 Construction-in-progress 508 509 7,211 7,277 Accumulated depreciation (2,891) (2,735) $ 4,320 $ 4,542 Depreciation expense amounted to $123 million and $368 million for the three and nine months ended September 30, 2019, and $121 million and $375 million for the three and nine months ended September 30, 2018, respectively.

Goodwill

Goodwill	9 Months Ended
Goodwill	Sep. 30, 2019
Goodwill and Intangible Assets, Net
Goodwill	11. Goodwill ($ in millions) Beverage Beverage Beverage Aerospace Other Total Balance at December 31, 2018 $ 1,275 $ 1,299 $ 1,435 $ 40 $ 426 $ 4,475 Business dispositions — — — — (51) (51) Transfer to assets held for sale — — — — (1) (1) Effects of currency exchange — — (47) — (5) (52) Balance at September 30, 2019 $ 1,275 $ 1,299 $ 1,388 $ 40 $ 369 $ 4,371 The company’s annual goodwill impairment test completed in the fourth quarter of 2018 indicated the fair value of the beverage packaging, AMEA (beverage AMEA), reporting unit exceeded its carrying amount by approximately 15 percent. The worsening business climate in Saudi Arabia has resulted in negative impacts to the profitability of our beverage AMEA reporting unit. If it becomes an expectation that this situation will continue for an extended period of time, the company may be required to record noncash impairment charges for some or all of the goodwill associated with the beverage AMEA reporting unit, the total balance of which was $102 million at September 30, 2019. As disclosed in Note 4, the company completed the sale of its China beverage packaging business in September 2019, and this disposition included $51 million of goodwill related to this business. The remaining goodwill balance associated with the beverage packaging, Asia Pacific, reporting unit is

Intangible Assets, Net

Intangible Assets, Net	9 Months Ended
Intangible Assets, Net	Sep. 30, 2019
Goodwill and Intangible Assets, Net
Intangible Assets, Net	12. Intangible Assets, Net September 30, December 31, ($ in millions) 2019 2018 Acquired Rexam customer relationships and other Rexam intangibles (net of accumulated amortization of $512 million at September 30, 2019, and $399 million at December 31, 2018) $ 1,932 $ 2,073 Capitalized software (net of accumulated amortization of $163 million at September 30, 2019, and $148 million at December 31, 2018) 69 82 Other intangibles (net of accumulated amortization of $112 million at September 30, 2019, and $112 million at December 31, 2018) 26 33 $ 2,027 $ 2,188 Total amortization expense of intangible assets amounted to $46 million and $142 million for the three and nine months ended September 30, 2019, respectively, and $50 million and $154 million for the three and nine months ended September 30, 2018, respectively.

Other Assets

Other Assets	9 Months Ended
Other Assets	Sep. 30, 2019
Other Assets..
Other Assets.	13. Other Assets September 30, December 31, ($ in millions) 2019 2018 Long-term deferred tax assets $ 203 $ 237 Long-term pension assets 561 559 Investments in affiliates 282 302 Right-of-use operating lease assets 242 — Other 402 311 $ 1,690 $ 1,409

Leases

Leases	9 Months Ended
Leases	Sep. 30, 2019
Leases
Leases	14. Leases Under the new lease standard, a contract is a lease or contains one when (1) the contract contains an explicitly or implicitly identified asset and (2) the customer obtains substantially all of the economic benefits from the use of that underlying asset and directs how and for what purpose the asset is used during the term of the contract in exchange for consideration. The company assesses whether an arrangement is a lease, or contains a lease, upon inception of the contract. The company enters into operating leases for buildings, warehouses, office equipment, production equipment, aircraft, land and other types of equipment. When readily determinable, the discount rate used to calculate the lease liability is the rate implicit in the lease. Otherwise, the company uses its incremental borrowing rate based on the information available at lease commencement. The company’s finance and short-term leases are immaterial. Many of the company’s leases include one or more renewal and/or termination options at the company’s discretion, which are included in the determination of the lease term if the company is reasonably certain to exercise the option. The company also enters into lease agreements that have variable payments, such as those related to usage or adjustments to certain indexes. Variable lease payments are recognized in the period in which those payments are incurred. Certain leases also include residual value guarantees; however, these amounts are not probable to be owed and are not included in the calculation of the lease liability. The company subleases all or portions of certain building and warehouse leases to third parties, all of which are classified as operating leases. Some of these arrangements offer the lessee renewal options. The components of lease expense were as follows: Three Months Ended Nine Months Ended ($ in millions) September 30, 2019 September 30, 2019 Operating lease expense $ (17) $ (50) Variable lease expense 3 (7) Sublease income 1 3 Net lease expense $ (13) $ (54) Supplemental cash flow information related to leases was as follows: Three Months Ended Nine Months Ended ($ in millions) September 30, 2019 September 30, 2019 Cash paid for amounts included in the measurements of lease liabilities - Operating cash outflows for operating leases $ (11) $ (47) ROU assets obtained in exchange for operating lease obligations 18 41 Supplemental balance sheet information related to operating leases was as follows: ($ in millions) Balance Sheet Location September 30, 2019 Operating lease ROU asset Other assets $ 242 Current operating lease liabilities Other current liabilities 56 Noncurrent operating lease liabilities Other liabilities 186 Weighted average remaining lease term and weighted average discount rate for the company’s operating leases were as follows: September 30, 2019 Weighted average remaining lease term in years 10 Weighted average discount rate (%) 4.3 Maturities of lease liabilities are as follows: ($ in millions) Operating Leases 2019 (excluding the nine months ended September 30, 2019) $ 15 2020 55 2021 46 2022 39 2023 30 Thereafter 108 Future value of lease liabilities 293 Less: Imputed interest (51) Present value of lease liabilities $ 242 Total noncancellable operating leases in effect at December 31, 2018, as reported under previous lease accounting guidance, required rental payments of the following amounts in each of the following periods: ($ in millions) 2019 $ 66 2020 52 2021 41 2022 34 2023 25 Thereafter 87 Total future lease payments $ 305

Debt

Debt	9 Months Ended
Debt	Sep. 30, 2019
Debt
Debt	15. Debt Long-term debt consisted of the following: September 30, December 31, ($ in millions) 2019 2018 Senior Notes 5.25% due July 2025 $ 1,000 $ 1,000 4.375% due December 2020 1,000 1,000 4.00% due November 2023 1,000 1,000 4.375%, euro denominated, due December 2023 763 803 5.00% due March 2022 750 750 4.875% due March 2026 750 750 3.50%, euro denominated, due December 2020 436 459 Senior Credit Facility (at variable rates) Term A loan, due March 2024 788 797 U.S. dollar revolver due March 2024 at variable rate 205 — Other (including debt issuance costs) (41) (41) 6,651 6,518 Less: Current portion of long-term debt (28) (8) $ 6,623 $ 6,510 On March 25, 2019, the company refinanced its existing credit facilities with a U.S. dollar term loan facility, a U.S. dollar revolving facility and a multicurrency revolving facility that mature in March 2024. The revolving facilities provide the company with up to the U.S. dollar equivalent of $1.75 billion. At September 30, 2019, taking into account outstanding letters of credit, approximately $1.5 billion was available under the company’s existing long-term, revolving credit facilities. In addition to these facilities, the company had approximately $978 million of short-term uncommitted credit facilities available at September 30, 2019, of which $333 million was outstanding and due on demand. At December 31, 2018, the company had $211 million outstanding under short-term uncommitted credit facilities. The fair value of long-term debt was estimated to be $7.1 billion at September 30, 2019, and $6.6 billion at December 31, 2018. The fair value reflects the market rates at each period end for debt with credit ratings similar to the company’s ratings and is classified as Level 2 within the fair value hierarchy. Rates currently available to the company for loans with similar terms and maturities are used to estimate the fair value of long-term debt based on discounted cash flows. Ball provides letters of credit in the ordinary course of business to secure liabilities recorded in connection with certain self-insurance arrangements. Letters of credit outstanding were $38 million at September 30, 2019, and $28 million at December 31, 2018. The U.S. note agreements and bank credit agreement contain certain restrictions relating to dividend payments, share repurchases, investments, financial ratios, guarantees and the incurrence of additional indebtedness. The most restrictive covenant is in the company’s bank credit agreement and requires the company to maintain a net leverage ratio (as defined) of no greater than 4.5 times at September 30, 2019. The company was in compliance with all loan agreements and debt covenants at September 30, 2019, and December 31, 2018, and has met all debt payment obligations.

Taxes on Income

Taxes on Income	9 Months Ended
Taxes on Income	Sep. 30, 2019
Taxes on Income
Taxes on Income	16. Taxes on Income The effective tax rate was 26.9 percent for the three months ended September 30, 2019, and 15.1 percent for the nine months ended September 30, 2019. As compared to the statutory U.S. tax rate, the effective tax rate for the three and nine months ended September 30, 2019, was increased by 8.5 percentage points and 2.1 percentage points, respectively, for the discrete impact of the settlement of certain defined benefit pension plans, reduced by 6.3 percentage points and 6.4 percentage points, respectively, for the impact of share-based compensation, increased by 5.5 percentage points and 1.4 percentage points, respectively, for the impact of the sale of the China metal beverage packaging business and presentation of the Argentina steel aerosol business as held for sale, reduced by 4.7 percentage points and 2.0 percentage points, respectively, for the effect of certain non-taxable income in the U.S., increased by 4.5 percentage points and 1.9 percentage points, respectively, for the impact of global intangible low-taxed income (GILTI) net of foreign derived intangible income (FDII), and reduced by 2.0 percentage points and 1.2 percentage points, respectively, for federal tax credits.

Employee Benefit Obligations

Employee Benefit Obligations	9 Months Ended
Employee Benefit Obligations	Sep. 30, 2019
Employee Benefit Obligations
Employee Benefit Obligations	17. Employee Benefit Obligations September 30, December 31, ($ in millions) 2019 2018 Underfunded defined benefit pension liabilities $ 834 $ 954 Less: Current portion (24) (25) Long-term defined benefit pension liabilities 810 929 Long-term retiree medical liabilities 157 157 Deferred compensation plans 377 291 Other 39 78 $ 1,383 $ 1,455 Components of net periodic benefit cost associated with the company’s defined benefit pension plans were: Three Months Ended September 30, 2019 2018 ($ in millions) U.S. Foreign Total U.S. Foreign Total Ball-sponsored plans: Service cost $ 13 $ 2 $ 15 $ 13 $ 3 $ 16 Interest cost 26 17 43 25 18 43 Expected return on plan assets (29) (26) (55) (27) (27) (54) Amortization of prior service cost 1 — 1 — — — Recognized net actuarial loss 5 1 6 9 2 11 Settlement losses — 8 (a) 8 14 (a) — 14 Total net periodic benefit cost $ 16 $ 2 $ 18 $ 34 $ (4) $ 30 (a) Includes settlement losses related to the purchase of non-participating annuities, plant shutdown benefits and other settlements that occur in the normal course of business, which have been recorded in business consolidation and other activities. Nine Months Ended September 30, 2019 2018 ($ in millions) U.S. Foreign Total U.S. Foreign Total Ball-sponsored plans: Service cost $ 37 $ 8 $ 45 $ 40 $ 11 $ 51 Interest cost 76 53 129 73 54 127 Expected return on plan assets (86) (81) (167) (82) (81) (163) Amortization of prior service cost 1 2 3 1 — 1 Recognized net actuarial loss 16 3 19 28 4 32 Settlement losses — 8 (a) 8 14 (a) — 14 Net periodic benefit cost for Ball sponsored plans 44 (7) 37 74 (12) 62 Net periodic benefit cost for multi-employer plans — — — 1 — 1 Total net periodic benefit cost $ 44 $ (7) $ 37 $ 75 $ (12) $ 63 (a) Includes settlement losses related to the purchase of non-participating annuities, plant shutdown benefits and other settlements that occur in the normal course of business, which have been recorded in business consolidation and other activities. In July 2019 and September 2018, Ball completed the purchase of non-participating group annuity contracts that were transferred to an insurance company for benefit obligations related to the company’s Canadian and U.S. pension plans, respectively. These July 2019 and September 2018 annuity contract purchases totaled approximately $32 million and $176 million, respectively. The July 2019 annuity contract purchase settled Ball’s Canadian defined benefit pension obligation in full. The purchase of the annuity contracts triggered settlement accounting in both years. Regular lump sums paid in the normal course of plan operations were also included in these total settlement amounts. These transactions resulted in the recognition of settlement losses recorded in business consolidation and other activities of $8 million in 2019 and $14 million in 2018. The company’s U.S. pension obligations were remeasured during the third quarter of 2018 for the impacted plans, given the partial settlements involved. Non-service pension income totaling $5 million and $16 million for the three and nine months ended September 30, 2019, respectively, and $3 million for the nine months ended September 30, 2018, is included in selling, general, and administrative (SG&A) expenses. Contributions to the company’s defined benefit pension plans were $154 million for the first nine months of 2019 compared to $53 million for the first nine months of 2018, and such contributions are expected to be approximately $168 million for the full year of 2019. This estimate may change based on changes to the U.S. Pension Protection Act and actual plan asset performance, among other factors.

Equity and Accumulated Other Co

Equity and Accumulated Other Comprehensive Earnings	9 Months Ended
Equity and Accumulated Other Comprehensive Earnings	Sep. 30, 2019
Equity and Accumulated Other Comprehensive Earnings
Equity and Accumulated Other Comprehensive Earnings	18. Equity and Accumulated Other Comprehensive Earnings The following tables provide additional details of the company’s equity activity: Ball Corporation and Subsidiaries 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 June 30, 2019 675,463 $ 1,172 (343,623) $ (2,566) $ 5,651 $ (797) $ 104 $ 3,564 Net earnings — — — — 92 — — 92 Other comprehensive earnings (loss), net of tax — — — — — 36 — 36 Currency translation recognized in earnings as a result of the transfer of the Argentina steel aerosol business to held for sale — — — — — 45 — 45 Common dividends, net of tax benefits — — — — (49) — — (49) Treasury stock purchases — — (3,296) (232) — — — (232) Treasury shares reissued — — 64 7 — — — 7 Shares issued and stock compensation for stock options and other stock plans, net of shares exchanged 588 7 — — — — — 7 Other activity — (2) — 1 — — (4) (5) Balance at September 30, 2019 676,051 $ 1,177 (346,855) $ (2,790) $ 5,694 $ (716) $ 100 $ 3,465 Ball Corporation and Subsidiaries 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 June 30, 2018 672,070 $ 1,120 (325,459) $ (1,663) $ 5,199 $ (767) $ 106 $ 3,995 Net earnings — — — — 59 — — 59 Other comprehensive earnings (loss), net of tax — — — — — (33) — (33) Common dividends, net of tax benefits — — — — (34) — — (34) Treasury stock purchases — — (6,731) (269) — — — (269) Treasury shares reissued — — 172 7 — — — 7 Shares issued and stock compensation for stock options and other stock plans, net of shares exchanged 629 21 — — — — — 21 Other activity — 1 — (1) — — (1) (1) Balance at September 30, 2018 672,699 $ 1,142 (332,018) $ (1,926) $ 5,224 $ (800) $ 105 $ 3,745 Ball Corporation and Subsidiaries 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, 2018 673,237 $ 1,157 (337,979) $ (2,205) $ 5,341 $ (835) $ 104 $ 3,562 Net earnings — — — — 406 — — 406 Other comprehensive earnings (loss), net of tax — — — — — 153 — 153 Currency translation recognized in earnings as a result of the transfer of the Argentina steel aerosol business to held for sale — — — — — 45 — 45 Reclassification of stranded tax effects — — — — 79 (79) — — Common dividends, net of tax benefits — — — (133) — — (133) Treasury stock purchases — — (9,470) (612) — — — (612) Treasury shares reissued — — 594 19 — — — 19 Shares issued and stock compensation for stock options and other stock plans, net of shares exchanged 2,814 22 — — — — — 22 Other activity — (2) — 8 1 — (4) 3 Balance at September 30, 2019 676,051 $ 1,177 (346,855) $ (2,790) $ 5,694 $ (716) $ 100 $ 3,465 Ball Corporation and Subsidiaries 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, 2017, as adjusted 670,576 $ 1,084 (320,695) $ (1,474) $ 5,024 $ (655) $ 105 $ 4,084 Net earnings — — — — 303 — 1 304 Other comprehensive earnings (loss), net of tax — — — — — (144) — (144) Common dividends, net of tax benefits — — — — (104) — — (104) Treasury stock purchases — — (11,990) (471) — — — (471) Treasury shares reissued — — 667 18 — — — 18 Shares issued and stock compensation for stock options and other stock plans, net of shares exchanged 2,123 57 — — — — — 57 Other activity — 1 — 1 1 (1) (1) 1 Balance at September 30, 2018 672,699 $ 1,142 (332,018) $ (1,926) $ 5,224 $ (800) $ 105 $ 3,745 In May 2019, in a privately negotiated transaction, Ball entered into an accelerated share repurchase agreement to buy $250 million of its common shares using cash on hand and available borrowings. The company purchased 3.8 million shares at an average price paid per share of $65.93. On January 23, 2019, the Board authorized the repurchase by the company of up to a total of 50 million shares. This repurchase authorization replaced all previous authorizations. Accumulated Other Comprehensive Earnings (Loss) The activity related to accumulated other comprehensive earnings (loss) was as follows: ($ in millions) Foreign Currency Translation (Net of Tax) Pension and Other Postretirement Benefits (Net of Tax) Derivatives Designated as Hedges Accumulated Other Comprehensive Earnings (Loss) Balance at December 31, 2018 $ (504) $ (277) $ (54) $ (835) Other comprehensive earnings (loss) before reclassifications 88 4 68 160 Amounts reclassified from accumulated other comprehensive earnings (loss) into earnings — 24 (31) (7) Currency translation recognized in earnings from the transfer of the Argentina steel aerosol business to held for sale 45 — — 45 Stranded tax effects reclassified into retained earnings — (76) (3) (79) Balance at September 30, 2019 $ (371) $ (325) $ (20) $ (716) The following table provides additional details of the amounts recognized into net earnings from accumulated other comprehensive earnings (loss): Three Months Ended September 30, Nine Months Ended September 30, ($ in millions) 2019 2018 2019 2018 Gains (losses) on cash flow hedges: Commodity contracts recorded in net sales $ 6 $ 2 $ 12 $ (2) Commodity contracts recorded in cost of sales (11) 19 (27) 47 Currency exchange contracts recorded in selling, general and administrative 6 — 5 1 Cross-currency swaps recorded in selling, general and administrative 32 7 41 37 Cross-currency swaps recorded in interest expense 3 4 11 10 Interest rate contracts recorded in interest expense (1) — (1) — Total before tax effect 35 32 41 93 Tax benefit (expense) on amounts reclassified into earnings (7) (8) (10) (21) Recognized gain (loss), net of tax $ 28 $ 24 $ 31 $ 72 Amortization of pension and other postretirement benefits: (a) Prior service income (expense) $ (1) $ — $ (1) $ — Actuarial gains (losses) (4) (1) (14) (20) Effect of pension settlements (b) (8) (14) (8) (14) Total before tax effect (13) (15) (23) (34) Tax benefit (expense) on amounts reclassified into earnings (4) 4 (1) 9 Recognized gain (loss), net of tax $ (17) $ (11) $ (24) $ (25) (a) The pension components are included in the computation of net periodic benefit cost disclosed in Note 17. (b) 2019 and 2018 amounts include pretax settlement losses related to the purchase of non-participating group annuity contracts. Refer to Note 17 for further details. .

Earnings and Dividends Per Shar

Earnings and Dividends Per Share	9 Months Ended
Earnings and Dividends Per Share	Sep. 30, 2019
Earnings and Dividends Per Share
Earnings and Dividends Per Share	19. Earnings and Dividends Per Share Three Months Ended September 30, Nine Months Ended September 30, ($ in millions, except per share amounts; shares in thousands) 2019 2018 2019 2018 Net earnings attributable to Ball Corporation $ 92 $ 59 $ 406 $ 303 Basic weighted average common shares 331,148 342,982 332,726 347,113 Effect of dilutive securities 9,484 6,727 8,976 6,642 Weighted average shares applicable to diluted earnings per share 340,632 349,709 341,702 353,755 Per basic share $ 0.28 $ 0.17 $ 1.22 $ 0.87 Per diluted share $ 0.27 $ 0.17 $ 1.19 $ 0.86 Certain outstanding options were excluded from the diluted earnings per share calculation because they were anti-dilutive (i.e., their assumed conversion into common stock would increase rather than decrease earnings per share). The options excluded totaled 4 million for the three and nine months ended September 30, 2018. There were no anti-dilutive options outstanding for the three and nine months ended September 30, 2019. The company declared and paid dividends of $0.15 per share and $0.40 per share in the three and nine months ended September 30, 2019, respectively, and $0.10 per share and $0.30 per share in the three and nine months ended September 30, 2018.

Financial Instruments and Risk

Financial Instruments and Risk Management	9 Months Ended
Financial Instruments and Risk Management	Sep. 30, 2019
Financial Instruments and Risk Management
Financial Instruments and Risk Management	20. Financial Instruments and Risk Management Policies and Procedures The company employs established risk management policies and procedures, which seek to reduce the company’s commercial risk exposure to fluctuations in commodity prices, interest rates, currency exchange rates and prices of the company’s common stock with regard to common share repurchases and the company’s deferred compensation stock plan. However, there can be no assurance these policies and procedures will be successful. Although the instruments utilized involve varying degrees of credit, market and interest risk, the counterparties to the agreements are expected to perform fully under the terms of the agreements. The company monitors counterparty credit risk, including lenders, on a regular basis, but Ball cannot be certain that all risks will be discerned or that its risk management policies and procedures will always be effective. Additionally, in the event of default under the company’s master derivative agreements, the non-defaulting party has the option to offset any amounts owed with regard to open derivative positions. Commodity Price Risk Aluminum The company manages commodity price risk in connection with market price fluctuations of aluminum ingot through two different methods. First, the company enters into container sales contracts that include aluminum ingot-based pricing terms which generally reflect the same price fluctuations under commercial purchase contracts for aluminum sheet. The terms include fixed, floating or pass through aluminum ingot component pricing. Second, the company uses certain derivative instruments, including option and forward contracts as economic and cash flow hedges of commodity price risk where there are material differences between sales and purchase contracted pricing and volume. At September 30, 2019, the company had aluminum contracts limiting its aluminum exposure with notional amounts of approximately $1.3 billion, of which $1.2 billion received hedge accounting treatment. Cash flow hedges relate to forecasted transactions that will occur within the next three years . Included in shareholders’ equity at September 30, 2019, within accumulated other comprehensive earnings (loss), is a net after-tax loss of $24 million associated with these contracts, $21 million of which is expected to be recognized in earnings during the next 12 months. The majority of this amount will be offset by pricing changes in sales and purchase contracts, thus resulting in little or no earnings impact to Ball. Interest Rate Risk The company’s objective in managing exposure to interest rate changes is to minimize the impact of interest rate changes on earnings and cash flows and to lower its overall borrowing costs. To achieve these objectives, the company may use a variety of interest rate swaps, collars and options to manage its mix of floating and fixed-rate debt. At September 30, 2019, the company had outstanding interest rate swap and option contracts with notional amounts of approximately $1.3 billion paying fixed rates expiring within the next two years. Currency Exchange Rate Risk The company’s objective in managing exposure to currency fluctuations is to limit the exposure of cash flows and earnings from changes associated with currency exchange rate changes through the use of various derivative contracts. In addition, at times the company manages earnings translation volatility through the use of currency option strategies, and the change in the fair value of those options is recorded in the company’s net earnings. At September 30, 2019, the company had outstanding exchange rate forward and option contracts with notional amounts totaling approximately $3.8 billion. Approximately $10 million of net after-tax gain related to these contracts is included in accumulated other comprehensive earnings at September 30, 2019, $3 million of which is expected to be recognized in earnings during the next 12 months. The contracts outstanding at September 30, 2019, expire within the next five years . Additionally, the company entered into a $1 billion cross-currency swap contract to partially mitigate the risk associated with foreign currency denominated intercompany debt incurred in 2016. During the nine months ended September 30, 2019, the company settled portions of this contract with a notional value of $750 million, which left $250 million in place as of September 30, 2019. The remaining amount was terminated in October 2019 and is no longer in place. Approximately $6 million of net after-tax loss related to this contract is included in accumulated other comprehensive earnings at September 30, 2019, all of which was recognized in October 2019 upon termination. Common Stock Price Risk The company’s deferred compensation stock program is subject to variable plan accounting and, accordingly, is marked to fair value using the company’s closing stock price at the end of the related reporting period. The company entered into total return swaps to reduce the company’s earnings exposure to these fair value fluctuations that will be outstanding through May 2020 and have a combined notional value of 2.9 million shares. Based on the current number of shares in the program, each $1 change in the company’s stock price has an insignificant impact on pretax earnings, net of the impact of related derivatives. Collateral Calls The company’s agreements with its financial counterparties require the posting of collateral in certain circumstances when the negative mark to fair value of the derivative contracts exceeds specified levels. Additionally, the company has collateral posting arrangements with certain customers on these derivative contracts. The cash flows of the margin calls, if any, are shown within the investing section of the company’s unaudited condensed consolidated statements of cash flows. As of September 30, 2019, and December 31, 2018, the aggregate fair value of all derivative instruments with credit-risk-related contingent features that were in a net liability position was $32 million and $46 million, respectively, and no collateral was required to be posted. Fair Value Measurements The company has classified all applicable financial derivative assets and liabilities as Level 2 within the fair value hierarchy as of September 30, 2019, and December 31, 2018, and those values are presented in the tables below. The company’s assessment of the significance of a particular input to the fair value measurement requires judgment and may affect the valuation of fair value assets and liabilities and their placement within the fair value hierarchy levels. September 30, 2019 ($ in millions) Balance Sheet Location Derivatives Derivatives not Total Assets: Commodity contracts $ 10 $ — $ 10 Foreign currency contracts 2 48 50 Cross-currency and other contracts 1 — 1 Total current derivative contracts Other current assets $ 13 $ 48 $ 61 Foreign currency contracts $ 31 $ — $ 31 Interest rate and other contracts 3 — 3 Total noncurrent derivative contracts Other noncurrent assets $ 34 $ — $ 34 Liabilities: Commodity contracts $ 35 $ — $ 35 Foreign currency contracts — 1 1 Cross-currency and other contracts 1 7 8 Total current derivative contracts Other current liabilities $ 36 $ 8 $ 44 Commodity contracts $ 3 $ — $ 3 Total noncurrent derivative contracts Other noncurrent liabilities $ 3 $ — $ 3 December 31, 2018 Derivatives Derivatives not Total Assets: Commodity contracts $ 9 $ 1 $ 10 Foreign currency contracts — 21 21 Cross-currency and other contracts — 5 5 Total current derivative contracts Other current assets $ 9 $ 27 $ 36 Liabilities: Commodity contracts $ 42 $ 11 $ 53 Foreign currency contracts 2 4 6 Cross-currency and other contracts 1 2 3 Total current derivative contracts Other current liabilities $ 45 $ 17 $ 62 Commodity contracts $ 2 $ — $ 2 Cross-currency and other contracts 62 — 62 Total noncurrent derivative contracts Other noncurrent liabilities $ 64 $ — $ 64 The company uses closing spot and forward market prices as published by the London Metal Exchange, the Chicago Mercantile Exchange, Reuters and Bloomberg to determine the fair value of any outstanding aluminum, currency, energy, inflation and interest rate spot and forward contracts. Option contracts are valued using a Black-Scholes model with observable market inputs for aluminum, currency and interest rates. The company values each of its financial instruments either internally using a single valuation technique or from a reliable observable market source. The company does not adjust the value of its financial instruments except in determining the fair value of a trade that settles in the future by discounting the value to its present value using a 12-month LIBOR rate. Ball performs validations of its internally derived fair values reported for our financial instruments on a quarterly basis utilizing counterparty valuation statements. Additionally, the company evaluates counterparty creditworthiness and, as of September 30, 2019, has not identified any circumstances requiring the reported values of its financial instruments to be adjusted. The following table provides the effects of derivative instruments in the consolidated statement of earnings and on accumulated other comprehensive earnings (loss): Three Months Ended September 30, 2019 2018 ($ in millions) Location of Gain (Loss) Cash Flow Gain (Loss) on Cash Flow Gain (Loss) on Commodity contracts - manage exposure to customer pricing Net sales $ 6 $ — $ 2 $ — Commodity contracts - manage exposure to supplier pricing Cost of sales (11) (1) 19 2 Interest rate contracts - manage exposure for outstanding debt Interest expense (1) — — — Foreign currency contracts - manage currency exposure Selling, general and administrative 6 90 — 16 Cross-currency swaps - manage intercompany currency exposure Selling, general and administrative 32 — 7 — Cross-currency swaps - manage intercompany currency exposure Interest expense 3 — 4 — Equity contracts Selling, general and administrative — 7 — 21 Total $ 35 $ 96 $ 32 $ 39 Nine Months Ended September 30, 2019 2018 ($ in millions) Location of Gain (Loss) Cash Flow Gain (Loss) on Cash Flow Gain (Loss) on Commodity contracts - manage exposure to customer pricing Net sales $ 12 $ — $ (2) $ 1 Commodity contracts - manage exposure to supplier pricing Cost of sales (27) 2 47 6 Interest rate contracts - manage exposure for outstanding debt Interest expense (1) — — — Foreign currency contracts - manage currency exposure Selling, general and administrative 5 133 1 73 Cross-currency swaps - manage intercompany currency exposure Selling, general and administrative 41 — 37 — Cross-currency swaps - manage intercompany currency exposure Interest expense 11 — 10 — Equity contracts Selling, general and administrative — 70 — 14 Total $ 41 $ 205 $ 93 $ 94 The changes in accumulated other comprehensive earnings (loss) for derivatives designated as hedges were as follows: Three Months Ended September 30, Nine Months Ended September 30, ($ in millions) 2019 2018 2019 2018 Amounts reclassified into earnings: Commodity contracts $ 5 $ (21) $ 15 $ (45) Cross-currency swap contracts (35) (11) (52) (47) Interest rate contracts 1 — 1 — Currency exchange contracts (6) — (5) (1) Change in fair value of cash flow hedges: Commodity contracts (5) (11) (10) 1 Interest rate contracts (1) — (1) — Cross-currency swap contracts 41 13 81 45 Currency exchange contracts 14 1 18 (2) Foreign currency and tax impacts (2) 6 (10) 12 Stranded tax effects reclassified into retained earnings: Commodity contracts — — 2 — Cross-currency swap contracts — — (5) — $ 12 $ (23) $ 34 $ (37)

Contingencies

Contingencies	9 Months Ended
Contingencies	Sep. 30, 2019
Contingencies
Contingencies	21. Contingencies Ball is subject to numerous lawsuits, claims or proceedings arising out of the ordinary course of business, including actions related to product liability; personal injury; the use and performance of company products; warranty matters; patent, trademark or other intellectual property infringement; contractual liability; the conduct of the company’s business; tax reporting in domestic and foreign jurisdictions; workplace safety and environmental and other matters. The company has also been identified as a potentially responsible party (PRP) at several waste disposal sites under U.S. federal and related state environmental statutes and regulations and may have joint and several liability for any investigation and remediation costs incurred with respect to such sites. In addition, we have received claims alleging that employees in certain plants have suffered damages due to exposure to alleged workplace hazards. Some of these lawsuits, claims and proceedings involve substantial amounts, including as described below, and some of the environmental proceedings involve potential monetary costs or sanctions that may be material. Ball has denied liability with respect to many of these lawsuits, claims and proceedings and is vigorously defending such lawsuits, claims and proceedings. The company carries various forms of commercial, property and casualty, and other forms of insurance; however, such insurance may not be applicable or adequate to cover the costs associated with a judgment against Ball with respect to these lawsuits, claims and proceedings. The company estimates that potential liabilities for all currently known and estimable environmental matters are approximately $28 million in the aggregate, and such amounts have been included in other current liabilities and other noncurrent liabilities at September 30, 2019. In November 2012, the USEPA wrote to the company asserting that it is one of at least 50 PRPs with respect to the Lower Duwamish site located in Seattle, Washington, based on the company’s ownership of a glass container plant prior to 1995, and notifying the company of a proposed remediation action plan. A site was selected to begin data review on over 30 industrial companies and government entities and at least two PRP groups have been discussing various allocation proposals. The USEPA issued the site Record of Decision (ROD) in December 2014. Ball submitted its initial responses to the allocator’s questionnaire in March 2015, and after reviewing submissions from the PRPs alleging deficiencies in certain of Ball’s responses, the allocator denied certain of the allegations and directed the company to answer others, to which Ball responded during the fourth quarter of 2016. A group of de minimis PRPs, including Ball, retained a technical consultant to assist with their positions vis-à-vis larger PRPs, and further presentations were made to the site allocator during the fourth quarter of 2017 and the first quarter of 2018. Total site remediation costs of $342 million, to cover remediation of approximately 200 acres of river bottom, are expected according to the proposed remediation action plan, which does not include $100 million that has already been spent, and which will be allocated among the numerous PRPs in due course. Based on the information available to the company at this time, the company does not believe that this matter will have a material adverse effect upon the liquidity, results of operations or financial condition of the company. In February 2012, Ball Metal Beverage Container Corp. (BMBCC) filed an action against Crown Packaging Technology, Inc. (Crown) in the U.S. District Court for the Southern District of Ohio (the Court) seeking a declaratory judgment that the manufacture, sale and use of certain ends by BMBCC and its customers do not infringe certain claims of Crown’s U.S. patents. Crown subsequently filed a counterclaim alleging infringement of certain claims in these patents seeking unspecified monetary damages, fees and declaratory and injunctive relief. The District Court issued a claim construction order at the end of December 2015 and held a scheduling conference on February 10, 2016, to determine the timeline for future steps in the litigation. The case was stayed by mutual agreement of the parties into the third quarter of 2016, during which Crown made preparations for its discovery with respect to certain ends previously produced by Rexam’s U.S. subsidiary, Rexam Beverage Can Company (RBCC). Such discovery began during the first half of 2017 and concluded in the fourth quarter of 2018. The parties attempted to mediate the case on August 1, 2017, but no progress was made, and the case continued as scheduled. In December, 2018, BMBCC and RBCC filed a motion for summary judgment that the Crown patents at issue are invalid and that the applicable ends supplied by BMBCC and RBCC did not infringe the patents. Crown did not file a motion for summary judgment. Oral argument on the motion filed by BMBCC and RBCC was completed in January 2019. On June 21, 2019, the District Court issued an order sustaining the BMBCC/RBCC motion as to invalidity, declining to rule on the other grounds as moot, and indicating that an expanded opinion and an appealable order would be forthcoming. The expanded opinion was docketed on July 22, 2019. The final, appealable order was issued by the Court on September 25, 2019, and the expanded opinion was unsealed. On October 22, 2019, Crown filed a Notice of Appeal of the decision of the Court to the Court of Appeals for the Federal Circuit. Based on the information available to the company at the present time, the company does not believe that this matter will have a material adverse effect upon the liquidity, results of operations or financial condition of the company. A former Rexam Personal Care site in Annecy, France, was found in 2003 to be contaminated following a leak of chlorinated solvents (TCE) from an underground feedline. The site underwent extensive investigation and an active remediation treatment system was put in place in 2006. The business operating from the site was sold to Albea in 2013 and in turn to a French company CATIDOM (operating as Reboul). Reboul vacated the site in September 2014, and the site reverted back to Rexam during the first quarter of 2015. As part of the site closure regulatory requirements, a new regulatory permit (Prefectoral Order) was issued in June 2016, which includes requirements to undertake a cost-benefit analysis and pilot studies of further treatment for the known residual solvent contamination following the shutdown of the current on-site treatment system. A new management plan was proposed to the French Environmental Authorities (DREAL) during 2018 and is the subject of ongoing discussions ahead of a final plan for the site being addressed. Based on the information available to the company at this time, the company does not believe that this matter will have a material adverse effect upon the liquidity, results of operations or financial condition of the company. The company’s operations in Brazil are involved in various governmental assessments, principally related to claims for taxes on the internal transfer of inventory, gross sales taxes and indirect tax incentives. The company does not believe that the ultimate resolution of these matters will materially impact the company’s results of operations, financial position or cash flows. Under customary local regulations, the company’s Brazilian subsidiaries may need to post cash or other collateral if the process to challenge any administrative assessment proceeds to the Brazilian court system; however, the level of any potential cash or collateral required would not significantly impact the liquidity of those subsidiaries or Ball Corporation. During the first quarter of 2017, the Brazilian Supreme Court (the Court) ruled against the Brazilian tax authorities in a leading case related to the computation of certain indirect taxes. The Court ruled that the indirect tax base should not include a value-added tax known as “ICMS.” By removing the ICMS from the tax base, the Court effectively eliminated a “tax on tax.” The Court decision, in principle, affects all applicable judicial proceedings in progress. However, after publication of the decision in October 2017, the Brazilian tax authorities filed an appeal seeking clarification of certain matters, including the amount of ICMS to which taxpayers would be entitled in order to reduce their indirect tax base (i.e., the gross rate or net rate). The appeal also requested a modulation of the decision’s effects, which may limit its impact on taxpayers. The company’s Brazilian subsidiaries paid to the Brazilian tax authorities the gross amounts of certain indirect taxes (which included ICMS in their tax base) and filed lawsuits in 2014 and 2015 to challenge the legality of these tax on tax amounts. Pursuant to these lawsuits, the company requested reimbursement of prior excess tax payments and entitlement to retain amounts not remitted. During the third quarter of 2018, the company learned of a further decision of the Court indicating that lawsuits filed prior to the trial resulting in its 2017 decision, such as those filed by the company, would likely be upheld. The company also noted that other Brazilian companies, including customers of its Brazilian subsidiaries, which had timely filed equivalent lawsuits, were recording income based on the applicable ICMS amounts retained. During the second quarter of 2019, the company received additional favorable court rulings and completed its analysis of certain prior year overpayments related to ICMS. As these gain contingency amounts are now estimable and realizable, the company recorded $56 million of prior year collections in business consolidation and other activities within the company’s condensed consolidated statement of earnings. The company is currently seeking reimbursement for additional ICMS-related amounts previously paid to the Brazilian government; however, such amounts cannot be estimated at this time. In the event other comparable cases are resolved and the amounts claimed become estimable and realizable, the company will record gains, which may result in material reimbursements to the company in future periods.

Indemnifications and Guarantees

Indemnifications and Guarantees	9 Months Ended
Indemnifications and Guarantees	Sep. 30, 2019
Indemnifications and Guarantees
Indemnifications and Guarantees	22. Indemnifications and Guarantees General Guarantees The company and certain consolidated direct or indirect subsidiaries have made certain indemnities, commitments and guarantees under which the specified entity may be required to make payments in relation to certain transactions or other obligations. These indemnities, commitments and guarantees include indemnities to the customers of the subsidiaries in connection with the sales of their packaging and aerospace products and services; guarantees to suppliers of subsidiaries of the company guaranteeing the performance of the respective entity under a purchase agreement or other agreement, construction contract or other commitment; guarantees in respect of certain foreign subsidiaries’ pension plans; indemnities for liabilities associated with the infringement of third-party patents, trademarks or copyrights under various types of agreements; indemnities to various lessors in connection with facility, equipment, furniture and other personal property leases for certain claims arising from such leases; indemnities to governmental agencies in connection with the issuance of a permit or license to the company or a subsidiary; indemnities pursuant to agreements relating to certain joint ventures; indemnities in connection with the sale of businesses or substantially all of the assets and specified liabilities of businesses; and indemnities to directors, officers and employees of the company to the extent permitted under the laws of the State of Indiana and the United States of America. The duration of these indemnities, commitments and guarantees varies and, in certain cases, is indefinite. In addition, many of these indemnities, commitments and guarantees do not provide for any limitation on the maximum potential future payments the company could be obligated to make. As such, the company is unable to reasonably estimate its potential exposure under these items. Other than the indemnifications provided in connection with the Rexam acquisition, the company has not recorded any material liabilities for these indemnities, commitments and guarantees in the accompanying consolidated balance sheets. The company does, however, accrue for payments under promissory notes and other evidences of incurred indebtedness and for losses for any known contingent liability, including those that may arise from indemnifications, commitments and guarantees, when future payment is both reasonably estimable and probable. Finally, the company carries specific and general liability insurance policies and has obtained indemnities, commitments and guarantees from third-party purchasers, sellers and other contracting parties, which the company believes would, in certain circumstances, provide recourse to certain claims arising from these indemnifications, commitments and guarantees. Debt Guarantees The company’s and its subsidiaries’ obligations under the senior notes and senior credit facilities (or, in the case of U.S. domiciled foreign subsidiaries under the senior credit facilities, the obligations of foreign credit parties only) are guaranteed on a full, unconditional and joint and several basis by certain of the company’s domestic subsidiaries and the domestic subsidiary borrowers, and obligations of other guarantors and the subsidiary borrowers under the senior credit facilities are guaranteed by the company, in each case with certain exceptions. These guarantees are required in support of the senior notes and senior credit facilities referred to above, are coterminous with the terms of the respective note indentures, senior notes and credit agreement and could be enforced by the holders of the obligations thereunder during the continuation of an event of default under the note indentures, the senior notes and/or the credit agreement. The maximum potential amounts which could be required to be paid under such guarantees are essentially equal to the then outstanding obligations under the respective senior notes or the credit agreement (or, in the case of U.S. domiciled foreign subsidiaries under the senior credit facilities, the obligations of foreign credit parties only), with certain exceptions. All obligations under the guarantees of the senior credit facilities are secured, with certain exceptions, by a valid first priority perfected lien or pledge on (i) 100 percent of the capital stock of each of the company's material wholly owned domestic subsidiaries directly owned by the company or any of its wholly owned domestic subsidiaries and (ii) 65 percent of the capital stock of each of the company's material wholly owned first-tier foreign subsidiaries directly owned by the company or any of its wholly owned domestic subsidiaries. In addition, the obligations of certain foreign borrowers and foreign pledgors under the loan documents will be secured, with certain exceptions, by a valid first priority perfected lien or pledge on 100 percent of the capital stock of certain of the company's material wholly owned foreign subsidiaries and material wholly owned U.S. domiciled foreign subsidiaries directly owned by the company or any of its wholly owned material subsidiaries. The company is not in default under the above senior notes or senior credit facilities. The required condensed consolidating financial information for the guarantor and non-guarantor subsidiaries is presented in Note 23. Separate financial statements for the guarantor subsidiaries and the non-guarantor subsidiaries are not presented because management has determined that such financial statements are not required under the Securities and Exchange Commission (SEC) regulations.

Subsidiary Guarantees of Debt

Subsidiary Guarantees of Debt	9 Months Ended
Subsidiary Guarantees of Debt	Sep. 30, 2019
Subsidiary Guarantees of Debt
Subsidiary Guarantee of Debt	23. Subsidiary Guarantees of Debt The following unaudited condensed consolidating financial information is presented in accordance with SEC Regulations S-X Rule 3-10, Financial Statements of Guarantors and Issuers of Guaranteed Securities Registered or Being Registered. For purposes of the presentation of unaudited condensed consolidating financial information, the subsidiaries of the company providing the guarantees are referred to as the guarantor subsidiaries, and subsidiaries of the company other than the guarantor subsidiaries are referred to as the non-guarantor subsidiaries. The eliminating adjustments substantively consist of intercompany transactions and the elimination of equity investments and earnings of subsidiaries. Separate financial statements for the guarantor subsidiaries and the non-guarantor subsidiaries are not presented because management has determined that such financial statements are not required under SEC regulations. The company’s senior notes are guaranteed on a full and unconditional, joint and several basis by certain domestic subsidiaries of the company. Each of the guarantor subsidiaries is 100 percent owned by the company. As described in the supplemental indentures governing the company’s existing senior notes, the senior notes are guaranteed by any of the company’s domestic subsidiaries that guarantee any other indebtedness of the company. The following is unaudited condensed consolidating financial information for the company, segregating the guarantor subsidiaries and non-guarantor subsidiaries, as of September 30, 2019, and December 31, 2018, and for the three and nine months ended September 30, 2019 and 2018. The unaudited condensed consolidating financial information presented below is not necessarily indicative of the financial position, results of operations, earnings or cash flows of the company or any of the company’s subsidiaries on a stand-alone basis. Unaudited Condensed Consolidating Statement of Earnings Three Months Ended September 30, 2019 ($ in millions) Ball Guarantor Non-Guarantor Eliminating Consolidated Net sales $ — $ 1,680 $ 1,480 $ (207) $ 2,953 Cost and expenses Cost of sales (excluding depreciation and amortization) — (1,443) (1,127) 207 (2,363) Depreciation and amortization (2) (51) (116) — (169) Selling, general and administrative 41 (84) (47) — (90) Business consolidation and other activities (7) (2) (124) — (133) Equity in results of subsidiaries 80 (37) — (43) — Intercompany 49 (24) (25) — — 161 (1,641) (1,439) 164 (2,755) Earnings (loss) before interest and taxes 161 39 41 (43) 198 Interest expense (80) 1 — — (79) Debt refinancing and other costs — — — — — Total interest expense (80) 1 — — (79) Earnings (loss) before taxes 81 40 41 (43) 119 Tax (provision) benefit 11 (13) (30) — (32) Equity in results of affiliates, net of tax — 1 4 — 5 Net earnings (loss) 92 28 15 (43) 92 Less net earnings attributable to noncontrolling interests — — — — — Net earnings (loss) attributable to Ball Corporation $ 92 $ 28 $ 15 $ (43) $ 92 Comprehensive earnings (loss) attributable to Ball Corporation $ 173 $ 84 $ 89 $ (173) $ 173 Unaudited Condensed Consolidating Statement of Earnings Three Months Ended September 30, 2018 ($ in millions) Ball Guarantor Non-Guarantor Eliminating Consolidated Net sales $ — $ 1,666 $ 1,481 $ (201) $ 2,946 Cost and expenses Cost of sales (excluding depreciation and amortization) — (1,405) (1,158) 201 (2,362) Depreciation and amortization (1) (49) (121) — (171) Selling, general and administrative (244) 179 (48) — (113) Business consolidation and other activities (53) 13 8 — (32) Equity in results of subsidiaries 369 8 — (377) — Intercompany 52 (6) (46) — — 123 (1,260) (1,365) (176) (2,678) Earnings (loss) before interest and taxes 123 406 116 (377) 268 Interest expense (79) 3 — — (76) Debt refinancing and other costs — — — — — Total interest expense (79) 3 — — (76) Earnings (loss) before taxes 44 409 116 (377) 192 Tax (provision) benefit 15 (103) (52) — (140) Equity in results of affiliates, net of tax — 3 4 — 7 Net earnings (loss) 59 309 68 (377) 59 Less net earnings attributable to noncontrolling interests — — — — — Net earnings (loss) attributable to Ball Corporation $ 59 $ 309 $ 68 $ (377) $ 59 Comprehensive earnings (loss) attributable to Ball Corporation $ 26 $ 313 $ 8 $ (321) $ 26 Unaudited Condensed Consolidating Statement of Earnings For the Nine Months Ended September 30, 2019 ($ in millions) Ball Guarantor Non-Guarantor Subsidiaries Eliminating Consolidated Net sales $ — $ 4,966 $ 4,408 $ (619) $ 8,755 Cost and expenses Cost of sales (excluding depreciation and amortization) — (4,295) (3,368) 619 (7,044) Depreciation and amortization (4) (150) (356) — (510) Selling, general and administrative (20) (172) (136) — (328) Business consolidation and other activities (23) (9) (115) — (147) Equity in results of subsidiaries 467 108 — (575) — Intercompany 176 (88) (88) — — 596 (4,606) (4,063) 44 (8,029) Earnings (loss) before interest and taxes 596 360 345 (575) 726 Interest expense (240) 4 (1) — (237) Debt refinancing and other costs (4) — — — (4) Total interest expense (244) 4 (1) — (241) Earnings (loss) before taxes 352 364 344 (575) 485 Tax (provision) benefit 54 (52) (75) — (73) Equity in results of affiliates, net of tax — (12) 6 — (6) Net earnings 406 300 275 (575) 406 Less net earnings attributable to noncontrolling interests — — — — — Net earnings attributable to Ball Corporation $ 406 $ 300 $ 275 $ (575) $ 406 Comprehensive earnings (loss) attributable to Ball Corporation $ 604 $ 506 $ 442 $ (948) $ 604 Unaudited Condensed Consolidating Statement of Earnings For the Nine Months Ended September 30, 2018 ($ in millions) Ball Guarantor Non-Guarantor Subsidiaries Eliminating Consolidated Net sales $ — $ 5,003 $ 4,428 $ (599) $ 8,832 Cost and expenses Cost of sales (excluding depreciation and amortization) — (4,235) (3,447) 599 (7,083) Depreciation and amortization (4) (153) (372) — (529) Selling, general and administrative (278) 65 (139) — (352) Business consolidation and other activities (70) (41) (20) — (131) Equity in results of subsidiaries 634 61 — (695) — Intercompany 228 (158) (70) — — 510 (4,461) (4,048) (96) (8,095) Earnings (loss) before interest and taxes 510 542 380 (695) 737 Interest expense (235) 10 (1) — (226) Debt refinancing and other costs (1) — — — (1) Total interest expense (236) 10 (1) — (227) Earnings (loss) before taxes 274 552 379 (695) 510 Tax (provision) benefit 29 (135) (114) — (220) Equity in results of affiliates, net of tax — 1 13 — 14 Net earnings 303 418 278 (695) 304 Less net earnings attributable to noncontrolling interests — — (1) — (1) Net earnings attributable to Ball Corporation $ 303 $ 418 $ 277 $ (695) $ 303 Comprehensive earnings (loss) attributable to Ball Corporation $ 159 $ 309 $ 105 $ (414) $ 159 Unaudited Condensed Consolidating Balance Sheet September 30, 2019 ($ in millions) Ball Guarantor Non-Guarantor Eliminating Consolidated Assets Current assets Cash and cash equivalents $ 7 $ — $ 476 $ — $ 483 Receivables, net 9 594 1,354 — 1,957 Intercompany receivables 103 237 1,711 (2,051) — Inventories, net — 506 674 — 1,180 Other current assets 37 39 133 — 209 Total current assets 156 1,376 4,348 (2,051) 3,829 Noncurrent assets Property, plant and equipment, net 34 1,403 2,883 — 4,320 Investment in subsidiaries 11,678 2,589 (99) (14,168) — Goodwill — 1,191 3,180 — 4,371 Intangible assets, net 18 383 1,626 — 2,027 Other assets 315 299 1,076 — 1,690 Total assets $ 12,201 $ 7,241 $ 13,014 $ (16,219) $ 16,237 Liabilities and Equity Current liabilities Short-term debt and current portion of long-term debt $ 239 $ — $ 122 $ — $ 361 Accounts payable 17 949 1,692 — 2,658 Intercompany payables 2,379 123 156 (2,658) — Accrued employee costs 49 119 88 — 256 Other current liabilities 136 142 220 — 498 Total current liabilities 2,820 1,333 2,278 (2,658) 3,773 Noncurrent liabilities Long-term debt 6,620 — 3 — 6,623 Employee benefit obligations 822 293 268 — 1,383 Intercompany long-term notes (1,263) (1,764) 2,420 607 — Deferred taxes (247) 247 602 — 602 Long-term deferred tax and other liabilities 84 128 179 — 391 Total liabilities 8,836 237 5,750 (2,051) 12,772 Common stock 1,177 2,523 3,900 (6,423) 1,177 Preferred stock — — 5 (5) — Retained earnings 5,694 4,939 3,553 (8,492) 5,694 Accumulated other comprehensive earnings (loss) (716) (458) (294) 752 (716) Treasury stock, at cost (2,790) — — — (2,790) Total Ball Corporation equity 3,365 7,004 7,164 (14,168) 3,365 Noncontrolling interests — — 100 — 100 Total equity 3,365 7,004 7,264 (14,168) 3,465 Total liabilities and equity $ 12,201 $ 7,241 $ 13,014 $ (16,219) $ 16,237 Unaudited Condensed Consolidating Balance Sheet December 31, 2018 ($ in millions) Ball Guarantor Non-Guarantor Eliminating Consolidated Assets Current assets Cash and cash equivalents $ 4 $ — $ 717 $ — $ 721 Receivables, net 21 613 1,168 — 1,802 Intercompany receivables 66 495 1,657 (2,218) — Inventories, net — 527 744 — 1,271 Other current assets 32 35 79 — 146 Total current assets 123 1,670 4,365 (2,218) 3,940 Noncurrent assets Property, plant and equipment, net 24 1,378 3,140 — 4,542 Investment in subsidiaries 11,145 3,779 (99) (14,825) — Goodwill — 1,191 3,284 — 4,475 Intangible assets, net 18 409 1,761 — 2,188 Other assets 213 215 981 — 1,409 Total assets $ 11,523 $ 8,642 $ 13,432 $ (17,043) $ 16,554 Liabilities and Equity Current liabilities Short-term debt and current portion of long-term debt $ 173 $ — $ 46 $ — $ 219 Accounts payable 50 1,178 1,867 — 3,095 Intercompany payables 2,310 49 466 (2,825) — Accrued employee costs 39 144 106 — 289 Other current liabilities 153 119 220 — 492 Total current liabilities 2,725 1,490 2,705 (2,825) 4,095 Noncurrent liabilities Long-term debt 6,504 — 6 — 6,510 Employee benefit obligations 871 286 298 — 1,455 Intercompany long-term notes (1,977) 3 1,368 606 — Deferred taxes (172) 169 648 — 645 Other liabilities 114 45 128 — 287 Total liabilities 8,065 1,993 5,153 (2,219) 12,992 Common stock 1,157 2,523 5,314 (7,837) 1,157 Preferred stock — — 5 (5) — Retained earnings 5,341 4,712 3,316 (8,028) 5,341 Accumulated other comprehensive earnings (loss) (835) (586) (460) 1,046 (835) Treasury stock, at cost (2,205) — — — (2,205) Total Ball Corporation equity 3,458 6,649 8,175 (14,824) 3,458 Noncontrolling interests — — 104 — 104 Total equity 3,458 6,649 8,279 (14,824) 3,562 Total liabilities and equity $ 11,523 $ 8,642 $ 13,432 $ (17,043) $ 16,554 Unaudited Condensed Consolidating Statement of Cash Flows For the Nine Months Ended September 30, 2019 ($ in millions) Ball Guarantor Non-Guarantor Consolidated Cash provided by (used in) operating activities $ (332) $ 256 $ 732 $ 656 Cash flows from investing activities Capital expenditures (12) (186) (227) (425) Proceeds from dispositions, net of cash sold — — (50) (50) Other, net (2) 10 18 26 Cash provided by (used in) investing activities (14) (176) (259) (449) Cash flows from financing activities Long-term borrowings 1,095 — 3 1,098 Repayments of long-term borrowings (900) — (6) (906) Net change in short-term borrowings 47 — 84 131 Proceeds from issuances of common stock, net of shares used for taxes 16 — — 16 Acquisitions of treasury stock (614) — — (614) Common stock dividends (133) — — (133) Intercompany 849 (80) (769) — Other, net (10) — — (10) Cash provided by (used in) financing activities 350 (80) (688) (418) Effect of exchange rate changes on cash — — (20) (20) Change in cash, cash equivalents and restricted cash 4 — (235) (231) Cash, cash equivalents and restricted cash – beginning of period 3 — 725 728 Cash, cash equivalents and restricted cash – end of period $ 7 $ — $ 490 $ 497 Unaudited Condensed Consolidating Statement of Cash Flows For the Nine Months Ended September 30, 2018 ($ in millions) Ball Guarantor Non-Guarantor Consolidated Cash provided by (used in) operating activities $ (103) $ 148 $ 982 $ 1,027 Cash flows from investing activities Capital expenditures (5) (356) (255) (616) Proceeds from dispositions, net of cash sold (53) 604 — 551 Other, net (1) 18 33 50 Cash provided by (used in) investing activities (59) 266 (222) (15) Cash flows from financing activities Long-term borrowings 1,475 — — 1,475 Repayments of long-term borrowings (1,525) — (6) (1,531) Net change in short-term borrowings (138) — (51) (189) Proceeds from issuances of common stock, net of shares used for taxes 25 — — 25 Acquisitions of treasury stock (464) — — (464) Common stock dividends (104) — — (104) Intercompany 905 (413) (492) — Other, net (12) (1) — (13) Cash provided by (used in) financing activities 162 (414) (549) (801) Effect of exchange rate changes on cash — — (59) (59) Change in cash, cash equivalents and restricted cash — — 152 152 Cash, cash equivalents and restricted cash – beginning of period 5 — 454 459 Cash, cash equivalents and restricted cash – end of period $ 5 $ — $ 606 $ 611

Accounting Pronouncements (Poli

Accounting Pronouncements (Policies)	9 Months Ended
Accounting Pronouncements (Policies)	Sep. 30, 2019
Accounting Pronouncements
Accounting Pronouncements Recently Adopted	Recently Adopted Accounting Standards New Lease Accounting Guidance In February 2016, lease accounting guidance was issued which, for operating leases, requires a lessee to recognize a right-of-use (ROU) asset and a lease liability. The guidance also requires a lessee to recognize a single lease cost, calculated so that the cost of the lease is allocated over the lease term, generally on a straight line basis. On January 1, 2019, Ball adopted the new guidance and all related amendments (the new lease standard), applying the modified retrospective method to all contracts that were not completed as of January 1, 2019. As such, comparative information has not been restated and continues to be reported under the accounting standards in effect for those prior periods. As part of adopting the new lease standard, Ball has made the following elections: ● To carry forward the historical lease determination and classification conclusions as established under the old standard, and not reassess initial direct costs for existing leases; ● To carry forward its historical accounting treatment for land easements on existing agreements; ● Not to apply the balance sheet recognition requirements of the new lease standard to leases with a term of one year or less (short-term leases); and ● For all classes of underlying assets, to account for non-lease components of a contract as part of the single lease component to which they are related. The adoption of the new lease standard resulted in the following impacts on our unaudited consolidated balance sheets: ($ in millions) Balance at December 31, 2018 Adjustments Due to Adoption Balance at January 1, 2019 Assets: Other current assets $ 140 $ (1) $ 139 Operating lease right-of-use assets (a) — 244 244 Other assets 1,409 (25) 1,384 Liabilities: Other current liabilities $ 492 $ (3) $ 489 Current operating lease liabilities (b) — 53 53 Other liabilities 287 (14) 273 Noncurrent operating lease liabilities (b) — 182 182 (a) Operating lease right-of-use assets are recognized within other assets in Ball’s unaudited condensed consolidated balance sheets. (b) Current and noncurrent operating lease liabilities are recognized within other current liabilities and other liabilities , respectively, in Ball’s unaudited condensed consolidated balance sheets. Ball’s adoption of the new lease standard had an immaterial impact on Ball’s results of operations in the unaudited condensed consolidated statements of earnings; an immaterial impact on Ball’s cash flows from operating, financing, and investing activities in the unaudited condensed consolidated statements of cash flows and no impact on Ball’s opening retained earnings balance. Ball’s accounting for finance leases remains substantially unchanged as a result of the adoption. See Note 14 for further details regarding Ball’s leases. Stranded Tax Effects In February 2018, accounting guidance was issued to permit the reclassification from accumulated other comprehensive income to retained earnings of stranded tax effects resulting from the U.S. Tax Cuts and Jobs Act signed into law in December 2017. Ball adopted this guidance on January 1, 2019, and an election was made to reclassify on the first day of the period of adoption. The total tax amount reclassified was $79 million. Remaining stranded tax amounts in accumulated other comprehensive income, which are not related to the U.S. Tax Cuts and Jobs Act, are not significant and will be reclassified to the income statement when the activity leading to the deferral of gains and losses has ceased in full.
New Accounting Guidance	New Accounting Guidance Cloud Computing Arrangements In August 2018, amendments to existing accounting guidance were issued to clarify the accounting for implementation costs related to cloud computing arrangements. The amendments specify that existing guidance for capitalizing implementation costs incurred to develop or obtain internal-use software also applies to capitalizing implementation costs incurred in a hosting arrangement that is a service contract. The guidance is effective for Ball on January 1, 2020, and is not expected to have a material effect on the company’s consolidated financial statements. Financial Assets Amendments to existing guidance were issued in June 2016, followed by improvements and transition relief in 2018 and 2019, requiring financial assets or a group of financial assets measured at amortized cost basis to be presented at the net amount expected to be collected when finalized. The allowance for credit losses is a valuation account that will be deducted from the amortized cost basis of the financial asset to present the net carrying value at the amount expected to be collected on the financial asset. This guidance is expected to primarily affect Ball’s trade receivables; however, the guidance applies to other financial assets as well. The guidance is effective for Ball on January 1, 2020, and is not expected to have a material effect on the company’s consolidated financial statements.

Accounting Pronouncements (Tabl

Accounting Pronouncements (Tables)	9 Months Ended
Accounting Pronouncements (Tables)	Sep. 30, 2019
Accounting Pronouncements
Schedule of impact of adoption of new lease standard on assets and liabilities	($ in millions) Balance at December 31, 2018 Adjustments Due to Adoption Balance at January 1, 2019 Assets: Other current assets $ 140 $ (1) $ 139 Operating lease right-of-use assets (a) — 244 244 Other assets 1,409 (25) 1,384 Liabilities: Other current liabilities $ 492 $ (3) $ 489 Current operating lease liabilities (b) — 53 53 Other liabilities 287 (14) 273 Noncurrent operating lease liabilities (b) — 182 182 (a) Operating lease right-of-use assets are recognized within other assets in Ball’s unaudited condensed consolidated balance sheets. (b) Current and noncurrent operating lease liabilities are recognized within other current liabilities and other liabilities , respectively, in Ball’s unaudited condensed consolidated balance sheets.

Business Segment Information (T

Business Segment Information (Tables)	9 Months Ended
Business Segment Information (Tables)	Sep. 30, 2019
Business Segment Information
Summary of business by segment	Three Months Ended September 30, Nine Months Ended September 30, ($ in millions) 2019 2018 2019 2018 Net sales Beverage packaging, North and Central America $ 1,230 $ 1,237 $ 3,647 $ 3,513 Beverage packaging, South America 392 391 1,210 1,229 Beverage packaging, Europe 699 683 2,052 1,995 Aerospace 374 283 1,081 837 Reportable segment sales 2,695 2,594 7,990 7,574 Other 258 352 765 1,258 Net sales $ 2,953 $ 2,946 $ 8,755 $ 8,832 Comparable operating earnings Beverage packaging, North and Central America $ 157 $ 153 $ 416 $ 423 Beverage packaging, South America 60 71 193 235 Beverage packaging, Europe 90 84 241 219 Aerospace 35 26 103 75 Reportable segment comparable operating earnings 342 334 953 952 Reconciling items Other (a) 27 6 38 40 Business consolidation and other activities (133) (32) (147) (131) Amortization of acquired Rexam intangibles (38) (40) (118) (124) Earnings before interest and taxes 198 268 726 737 Interest expense (79) (76) (237) (226) Debt refinancing and other costs — — (4) (1) Total interest expense (79) (76) (241) (227) Earnings before taxes $ 119 $ 192 $ 485 $ 510 (a) Includes undistributed corporate expenses, net, of $5 million and $21 million for the three months ended September 30, 2019 and 2018, respectively, and $44 million and $64 million for the nine months ended September 30, 2019 and 2018, respectively.

Revenue from Contracts With C_2

Revenue from Contracts With Customers (Tables)	9 Months Ended
Revenue from Contracts With Customers (Tables)	Sep. 30, 2019
Revenue from Contract with Customer
Schedule of the disaggregation of revenue by timing of transfer of control	Three Months Ended September 30, 2019 Nine Months Ended September 30, 2019 ($ in millions) Point in Time Over Time Total Point in Time Over Time Total Total net sales $ 555 $ 2,398 $ 2,953 $ 1,659 $ 7,096 $ 8,755 Three Months Ended September 30, 2018 Nine Months Ended September 30, 2018 ($ in millions) Point in Time Over Time Total Point in Time Over Time Total Total net sales $ 665 $ 2,281 $ 2,946 $ 2,082 $ 6,750 $ 8,832
Schedule of balances of contract liabilities	Contracts Contract Liabilities Liabilities ($ in millions) (Current) (Noncurrent) Balance at December 31, 2017 $ 45 $ — Increase — 8 Balance at December 31, 2018 $ 45 $ 8 Increase 12 — Balance at September 30, 2019 $ 57 $ 8
Schedule of transaction price allocated to remaining performance obligations	($ in millions) Next Twelve Months Thereafter Total Sales expected to be recognized on multi-year contracts in place as of September 30, 2019 $ 1,300 $ 868 $ 2,168

Business Consolidation and Ot_2

Business Consolidation and Other Activities (Tables)	9 Months Ended
Business Consolidation and Other Activities (Tables)	Sep. 30, 2019
Business Consolidation and Other Activities
Summary of business consolidation and other activity (charges) / income included in the condensed consolidated statements of earnings	Three Months Ended September 30, Nine Months Ended September 30, ($ in millions) 2019 2018 2019 2018 Beverage packaging, North and Central America $ (2) $ (14) $ (8) $ (16) Beverage packaging, South America (14) 12 22 11 Beverage packaging, Europe (9) (3) (24) (17) Other (108) (27) (137) (109) $ (133) $ (32) $ (147) $ (131)

Supplemental Cash Flow Statem_2

Supplemental Cash Flow Statement Disclosures (Tables)	9 Months Ended
Supplemental Cash Flow Statement Disclosures (Tables)	Sep. 30, 2019
Supplemental Cash Flow Statement Disclosures
Schedule of cash, cash equivalents and restricted cash	September 30, ($ in millions) 2019 2018 Beginning of period: Cash and cash equivalents $ 721 $ 448 Current restricted cash (included in other current assets) 7 10 Noncurrent restricted cash (included in other assets) — 1 Total cash, cash equivalents and restricted cash $ 728 $ 459 End of period: Cash and cash equivalents $ 483 $ 598 Current restricted cash (included in other current assets) 9 13 Cash in assets held for sale (included in other current assets) 5 — Total cash, cash equivalents and restricted cash $ 497 $ 611

Receivables, Net (Tables)

Receivables, Net (Tables)	9 Months Ended
Receivables, Net (Tables)	Sep. 30, 2019
Receivables, Net
Schedule of receivables	September 30, December 31, ($ in millions) 2019 2018 Trade accounts receivable $ 922 $ 812 Unbilled receivables 491 478 Less allowance for doubtful accounts (8) (10) Net trade accounts receivable 1,405 1,280 Other receivables 552 522 $ 1,957 $ 1,802

Inventories, Net (Tables)

Inventories, Net (Tables)	9 Months Ended
Inventories, Net (Tables)	Sep. 30, 2019
Inventories, Net
Schedule of inventories	September 30, December 31, ($ in millions) 2019 2018 Raw materials and supplies $ 720 $ 727 Work-in-process and finished goods 541 614 Less inventory reserves (81) (70) $ 1,180 $ 1,271

Property, Plant and Equipment_2

Property, Plant and Equipment, Net (Tables)	9 Months Ended
Property, Plant and Equipment, Net (Tables)	Sep. 30, 2019
Property, Plant and Equipment, Net.
Schedule of property, plant and equipment	September 30, December 31, ($ in millions) 2019 2018 Land $ 148 $ 159 Buildings 1,352 1,359 Machinery and equipment 5,203 5,250 Construction-in-progress 508 509 7,211 7,277 Accumulated depreciation (2,891) (2,735) $ 4,320 $ 4,542

Goodwill (Tables)

Goodwill (Tables)	9 Months Ended
Goodwill (Tables)	Sep. 30, 2019
Goodwill and Intangible Assets, Net
Schedule of goodwill	($ in millions) Beverage Beverage Beverage Aerospace Other Total Balance at December 31, 2018 $ 1,275 $ 1,299 $ 1,435 $ 40 $ 426 $ 4,475 Business dispositions — — — — (51) (51) Transfer to assets held for sale — — — — (1) (1) Effects of currency exchange — — (47) — (5) (52) Balance at September 30, 2019 $ 1,275 $ 1,299 $ 1,388 $ 40 $ 369 $ 4,371

Intangible Assets, Net (Tables)

Intangible Assets, Net (Tables)	9 Months Ended
Intangible Assets, Net (Tables)	Sep. 30, 2019
Goodwill and Intangible Assets, Net
Schedule of Finite-Lived Intangible Assets	September 30, December 31, ($ in millions) 2019 2018 Acquired Rexam customer relationships and other Rexam intangibles (net of accumulated amortization of $512 million at September 30, 2019, and $399 million at December 31, 2018) $ 1,932 $ 2,073 Capitalized software (net of accumulated amortization of $163 million at September 30, 2019, and $148 million at December 31, 2018) 69 82 Other intangibles (net of accumulated amortization of $112 million at September 30, 2019, and $112 million at December 31, 2018) 26 33 $ 2,027 $ 2,188

Other Assets (Tables)

Other Assets (Tables)	9 Months Ended
Other Assets (Tables)	Sep. 30, 2019
Other Assets..
Schedule of other assets	September 30, December 31, ($ in millions) 2019 2018 Long-term deferred tax assets $ 203 $ 237 Long-term pension assets 561 559 Investments in affiliates 282 302 Right-of-use operating lease assets 242 — Other 402 311 $ 1,690 $ 1,409

Leases (Tables)

Leases (Tables)	9 Months Ended
Leases (Tables)	Sep. 30, 2019
Leases
Schedule of components of lease expense	Three Months Ended Nine Months Ended ($ in millions) September 30, 2019 September 30, 2019 Operating lease expense $ (17) $ (50) Variable lease expense 3 (7) Sublease income 1 3 Net lease expense $ (13) $ (54)
Schedule of supplemental cash flow information related to leases	Three Months Ended Nine Months Ended ($ in millions) September 30, 2019 September 30, 2019 Cash paid for amounts included in the measurements of lease liabilities - Operating cash outflows for operating leases $ (11) $ (47) ROU assets obtained in exchange for operating lease obligations 18 41
Schedule of supplemental balance sheet information related to leases	($ in millions) Balance Sheet Location September 30, 2019 Operating lease ROU asset Other assets $ 242 Current operating lease liabilities Other current liabilities 56 Noncurrent operating lease liabilities Other liabilities 186
Schedule of weighted average remaining lease term and weighted average discount rate of operating leases	September 30, 2019 Weighted average remaining lease term in years 10 Weighted average discount rate (%) 4.3
Schedule of the maturities of lease liabilities	($ in millions) Operating Leases 2019 (excluding the nine months ended September 30, 2019) $ 15 2020 55 2021 46 2022 39 2023 30 Thereafter 108 Future value of lease liabilities 293 Less: Imputed interest (51) Present value of lease liabilities $ 242
Schedule of noncancelable operating leases	($ in millions) 2019 $ 66 2020 52 2021 41 2022 34 2023 25 Thereafter 87 Total future lease payments $ 305

Debt (Tables)

Debt (Tables)	9 Months Ended
Debt (Tables)	Sep. 30, 2019
Debt
Schedule of long-term debt	September 30, December 31, ($ in millions) 2019 2018 Senior Notes 5.25% due July 2025 $ 1,000 $ 1,000 4.375% due December 2020 1,000 1,000 4.00% due November 2023 1,000 1,000 4.375%, euro denominated, due December 2023 763 803 5.00% due March 2022 750 750 4.875% due March 2026 750 750 3.50%, euro denominated, due December 2020 436 459 Senior Credit Facility (at variable rates) Term A loan, due March 2024 788 797 U.S. dollar revolver due March 2024 at variable rate 205 — Other (including debt issuance costs) (41) (41) 6,651 6,518 Less: Current portion of long-term debt (28) (8) $ 6,623 $ 6,510

Employee Benefit Obligations (T

Employee Benefit Obligations (Tables)	9 Months Ended
Employee Benefit Obligations (Tables)	Sep. 30, 2019
Employee Benefit Obligations
Schedule of employee benefit obligations	September 30, December 31, ($ in millions) 2019 2018 Underfunded defined benefit pension liabilities $ 834 $ 954 Less: Current portion (24) (25) Long-term defined benefit pension liabilities 810 929 Long-term retiree medical liabilities 157 157 Deferred compensation plans 377 291 Other 39 78 $ 1,383 $ 1,455
Components of net periodic benefit cost	Three Months Ended September 30, 2019 2018 ($ in millions) U.S. Foreign Total U.S. Foreign Total Ball-sponsored plans: Service cost $ 13 $ 2 $ 15 $ 13 $ 3 $ 16 Interest cost 26 17 43 25 18 43 Expected return on plan assets (29) (26) (55) (27) (27) (54) Amortization of prior service cost 1 — 1 — — — Recognized net actuarial loss 5 1 6 9 2 11 Settlement losses — 8 (a) 8 14 (a) — 14 Total net periodic benefit cost $ 16 $ 2 $ 18 $ 34 $ (4) $ 30 (a) Includes settlement losses related to the purchase of non-participating annuities, plant shutdown benefits and other settlements that occur in the normal course of business, which have been recorded in business consolidation and other activities. Nine Months Ended September 30, 2019 2018 ($ in millions) U.S. Foreign Total U.S. Foreign Total Ball-sponsored plans: Service cost $ 37 $ 8 $ 45 $ 40 $ 11 $ 51 Interest cost 76 53 129 73 54 127 Expected return on plan assets (86) (81) (167) (82) (81) (163) Amortization of prior service cost 1 2 3 1 — 1 Recognized net actuarial loss 16 3 19 28 4 32 Settlement losses — 8 (a) 8 14 (a) — 14 Net periodic benefit cost for Ball sponsored plans 44 (7) 37 74 (12) 62 Net periodic benefit cost for multi-employer plans — — — 1 — 1 Total net periodic benefit cost $ 44 $ (7) $ 37 $ 75 $ (12) $ 63 (a) Includes settlement losses related to the purchase of non-participating annuities, plant shutdown benefits and other settlements that occur in the normal course of business, which have been recorded in business consolidation and other activities.

Equity and Accumulated Other _2

Equity and Accumulated Other Comprehensive Earnings (Tables)	9 Months Ended
	Sep. 30, 2019
Equity and Accumulated Other Comprehensive Earnings
Schedule of company's equity activity	Ball Corporation and Subsidiaries 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 June 30, 2019 675,463 $ 1,172 (343,623) $ (2,566) $ 5,651 $ (797) $ 104 $ 3,564 Net earnings — — — — 92 — — 92 Other comprehensive earnings (loss), net of tax — — — — — 36 — 36 Currency translation recognized in earnings as a result of the transfer of the Argentina steel aerosol business to held for sale — — — — — 45 — 45 Common dividends, net of tax benefits — — — — (49) — — (49) Treasury stock purchases — — (3,296) (232) — — — (232) Treasury shares reissued — — 64 7 — — — 7 Shares issued and stock compensation for stock options and other stock plans, net of shares exchanged 588 7 — — — — — 7 Other activity — (2) — 1 — — (4) (5) Balance at September 30, 2019 676,051 $ 1,177 (346,855) $ (2,790) $ 5,694 $ (716) $ 100 $ 3,465 Ball Corporation and Subsidiaries 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 June 30, 2018 672,070 $ 1,120 (325,459) $ (1,663) $ 5,199 $ (767) $ 106 $ 3,995 Net earnings — — — — 59 — — 59 Other comprehensive earnings (loss), net of tax — — — — — (33) — (33) Common dividends, net of tax benefits — — — — (34) — — (34) Treasury stock purchases — — (6,731) (269) — — — (269) Treasury shares reissued — — 172 7 — — — 7 Shares issued and stock compensation for stock options and other stock plans, net of shares exchanged 629 21 — — — — — 21 Other activity — 1 — (1) — — (1) (1) Balance at September 30, 2018 672,699 $ 1,142 (332,018) $ (1,926) $ 5,224 $ (800) $ 105 $ 3,745 Ball Corporation and Subsidiaries 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, 2018 673,237 $ 1,157 (337,979) $ (2,205) $ 5,341 $ (835) $ 104 $ 3,562 Net earnings — — — — 406 — — 406 Other comprehensive earnings (loss), net of tax — — — — — 153 — 153 Currency translation recognized in earnings as a result of the transfer of the Argentina steel aerosol business to held for sale — — — — — 45 — 45 Reclassification of stranded tax effects — — — — 79 (79) — — Common dividends, net of tax benefits — — — (133) — — (133) Treasury stock purchases — — (9,470) (612) — — — (612) Treasury shares reissued — — 594 19 — — — 19 Shares issued and stock compensation for stock options and other stock plans, net of shares exchanged 2,814 22 — — — — — 22 Other activity — (2) — 8 1 — (4) 3 Balance at September 30, 2019 676,051 $ 1,177 (346,855) $ (2,790) $ 5,694 $ (716) $ 100 $ 3,465 Ball Corporation and Subsidiaries 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, 2017, as adjusted 670,576 $ 1,084 (320,695) $ (1,474) $ 5,024 $ (655) $ 105 $ 4,084 Net earnings — — — — 303 — 1 304 Other comprehensive earnings (loss), net of tax — — — — — (144) — (144) Common dividends, net of tax benefits — — — — (104) — — (104) Treasury stock purchases — — (11,990) (471) — — — (471) Treasury shares reissued — — 667 18 — — — 18 Shares issued and stock compensation for stock options and other stock plans, net of shares exchanged 2,123 57 — — — — — 57 Other activity — 1 — 1 1 (1) (1) 1 Balance at September 30, 2018 672,699 $ 1,142 (332,018) $ (1,926) $ 5,224 $ (800) $ 105 $ 3,745
Schedule of activity related to accumulated other comprehensive earnings (loss)	($ in millions) Foreign Currency Translation (Net of Tax) Pension and Other Postretirement Benefits (Net of Tax) Derivatives Designated as Hedges Accumulated Other Comprehensive Earnings (Loss) Balance at December 31, 2018 $ (504) $ (277) $ (54) $ (835) Other comprehensive earnings (loss) before reclassifications 88 4 68 160 Amounts reclassified from accumulated other comprehensive earnings (loss) into earnings — 24 (31) (7) Currency translation recognized in earnings from the transfer of the Argentina steel aerosol business to held for sale 45 — — 45 Stranded tax effects reclassified into retained earnings — (76) (3) (79) Balance at September 30, 2019 $ (371) $ (325) $ (20) $ (716)
Information related to amounts reclassified into net earnings from accumulated other comprehensive earnings (loss)	Three Months Ended September 30, Nine Months Ended September 30, ($ in millions) 2019 2018 2019 2018 Gains (losses) on cash flow hedges: Commodity contracts recorded in net sales $ 6 $ 2 $ 12 $ (2) Commodity contracts recorded in cost of sales (11) 19 (27) 47 Currency exchange contracts recorded in selling, general and administrative 6 — 5 1 Cross-currency swaps recorded in selling, general and administrative 32 7 41 37 Cross-currency swaps recorded in interest expense 3 4 11 10 Interest rate contracts recorded in interest expense (1) — (1) — Total before tax effect 35 32 41 93 Tax benefit (expense) on amounts reclassified into earnings (7) (8) (10) (21) Recognized gain (loss), net of tax $ 28 $ 24 $ 31 $ 72 Amortization of pension and other postretirement benefits: (a) Prior service income (expense) $ (1) $ — $ (1) $ — Actuarial gains (losses) (4) (1) (14) (20) Effect of pension settlements (b) (8) (14) (8) (14) Total before tax effect (13) (15) (23) (34) Tax benefit (expense) on amounts reclassified into earnings (4) 4 (1) 9 Recognized gain (loss), net of tax $ (17) $ (11) $ (24) $ (25) (a) The pension components are included in the computation of net periodic benefit cost disclosed in Note 17. (b) 2019 and 2018 amounts include pretax settlement losses related to the purchase of non-participating group annuity contracts. Refer to Note 17 for further details.

Earnings and Dividends Per Sh_2

Earnings and Dividends Per Share (Tables)	9 Months Ended
Earnings and Dividends Per Share (Tables)	Sep. 30, 2019
Earnings and Dividends Per Share
Schedule of earnings per share	Three Months Ended September 30, Nine Months Ended September 30, ($ in millions, except per share amounts; shares in thousands) 2019 2018 2019 2018 Net earnings attributable to Ball Corporation $ 92 $ 59 $ 406 $ 303 Basic weighted average common shares 331,148 342,982 332,726 347,113 Effect of dilutive securities 9,484 6,727 8,976 6,642 Weighted average shares applicable to diluted earnings per share 340,632 349,709 341,702 353,755 Per basic share $ 0.28 $ 0.17 $ 1.22 $ 0.87 Per diluted share $ 0.27 $ 0.17 $ 1.19 $ 0.86

Financial Instruments and Ris_2

Financial Instruments and Risk Management (Tables)	9 Months Ended
Financial Instruments and Risk Management (Tables)	Sep. 30, 2019
Financial Instruments and Risk Management
Schedule of fair value of derivative instruments	September 30, 2019 ($ in millions) Balance Sheet Location Derivatives Derivatives not Total Assets: Commodity contracts $ 10 $ — $ 10 Foreign currency contracts 2 48 50 Cross-currency and other contracts 1 — 1 Total current derivative contracts Other current assets $ 13 $ 48 $ 61 Foreign currency contracts $ 31 $ — $ 31 Interest rate and other contracts 3 — 3 Total noncurrent derivative contracts Other noncurrent assets $ 34 $ — $ 34 Liabilities: Commodity contracts $ 35 $ — $ 35 Foreign currency contracts — 1 1 Cross-currency and other contracts 1 7 8 Total current derivative contracts Other current liabilities $ 36 $ 8 $ 44 Commodity contracts $ 3 $ — $ 3 Total noncurrent derivative contracts Other noncurrent liabilities $ 3 $ — $ 3 December 31, 2018 Derivatives Derivatives not Total Assets: Commodity contracts $ 9 $ 1 $ 10 Foreign currency contracts — 21 21 Cross-currency and other contracts — 5 5 Total current derivative contracts Other current assets $ 9 $ 27 $ 36 Liabilities: Commodity contracts $ 42 $ 11 $ 53 Foreign currency contracts 2 4 6 Cross-currency and other contracts 1 2 3 Total current derivative contracts Other current liabilities $ 45 $ 17 $ 62 Commodity contracts $ 2 $ — $ 2 Cross-currency and other contracts 62 — 62 Total noncurrent derivative contracts Other noncurrent liabilities $ 64 $ — $ 64
Schedule of impact on earnings from derivative instruments	Three Months Ended September 30, 2019 2018 ($ in millions) Location of Gain (Loss) Cash Flow Gain (Loss) on Cash Flow Gain (Loss) on Commodity contracts - manage exposure to customer pricing Net sales $ 6 $ — $ 2 $ — Commodity contracts - manage exposure to supplier pricing Cost of sales (11) (1) 19 2 Interest rate contracts - manage exposure for outstanding debt Interest expense (1) — — — Foreign currency contracts - manage currency exposure Selling, general and administrative 6 90 — 16 Cross-currency swaps - manage intercompany currency exposure Selling, general and administrative 32 — 7 — Cross-currency swaps - manage intercompany currency exposure Interest expense 3 — 4 — Equity contracts Selling, general and administrative — 7 — 21 Total $ 35 $ 96 $ 32 $ 39 Nine Months Ended September 30, 2019 2018 ($ in millions) Location of Gain (Loss) Cash Flow Gain (Loss) on Cash Flow Gain (Loss) on Commodity contracts - manage exposure to customer pricing Net sales $ 12 $ — $ (2) $ 1 Commodity contracts - manage exposure to supplier pricing Cost of sales (27) 2 47 6 Interest rate contracts - manage exposure for outstanding debt Interest expense (1) — — — Foreign currency contracts - manage currency exposure Selling, general and administrative 5 133 1 73 Cross-currency swaps - manage intercompany currency exposure Selling, general and administrative 41 — 37 — Cross-currency swaps - manage intercompany currency exposure Interest expense 11 — 10 — Equity contracts Selling, general and administrative — 70 — 14 Total $ 41 $ 205 $ 93 $ 94
Schedule of changes in accumulated other comprehensive earnings (loss) for effective derivatives	Three Months Ended September 30, Nine Months Ended September 30, ($ in millions) 2019 2018 2019 2018 Amounts reclassified into earnings: Commodity contracts $ 5 $ (21) $ 15 $ (45) Cross-currency swap contracts (35) (11) (52) (47) Interest rate contracts 1 — 1 — Currency exchange contracts (6) — (5) (1) Change in fair value of cash flow hedges: Commodity contracts (5) (11) (10) 1 Interest rate contracts (1) — (1) — Cross-currency swap contracts 41 13 81 45 Currency exchange contracts 14 1 18 (2) Foreign currency and tax impacts (2) 6 (10) 12 Stranded tax effects reclassified into retained earnings: Commodity contracts — — 2 — Cross-currency swap contracts — — (5) — $ 12 $ (23) $ 34 $ (37)

Subsidiary Guarantees of Debt (

Subsidiary Guarantees of Debt (Tables)	9 Months Ended
Subsidiary Guarantees of Debt (Tables)	Sep. 30, 2019
Subsidiary Guarantees of Debt
Schedule of Condensed Consolidating Statement of Earnings	Unaudited Condensed Consolidating Statement of Earnings Three Months Ended September 30, 2019 ($ in millions) Ball Guarantor Non-Guarantor Eliminating Consolidated Net sales $ — $ 1,680 $ 1,480 $ (207) $ 2,953 Cost and expenses Cost of sales (excluding depreciation and amortization) — (1,443) (1,127) 207 (2,363) Depreciation and amortization (2) (51) (116) — (169) Selling, general and administrative 41 (84) (47) — (90) Business consolidation and other activities (7) (2) (124) — (133) Equity in results of subsidiaries 80 (37) — (43) — Intercompany 49 (24) (25) — — 161 (1,641) (1,439) 164 (2,755) Earnings (loss) before interest and taxes 161 39 41 (43) 198 Interest expense (80) 1 — — (79) Debt refinancing and other costs — — — — — Total interest expense (80) 1 — — (79) Earnings (loss) before taxes 81 40 41 (43) 119 Tax (provision) benefit 11 (13) (30) — (32) Equity in results of affiliates, net of tax — 1 4 — 5 Net earnings (loss) 92 28 15 (43) 92 Less net earnings attributable to noncontrolling interests — — — — — Net earnings (loss) attributable to Ball Corporation $ 92 $ 28 $ 15 $ (43) $ 92 Comprehensive earnings (loss) attributable to Ball Corporation $ 173 $ 84 $ 89 $ (173) $ 173 Unaudited Condensed Consolidating Statement of Earnings Three Months Ended September 30, 2018 ($ in millions) Ball Guarantor Non-Guarantor Eliminating Consolidated Net sales $ — $ 1,666 $ 1,481 $ (201) $ 2,946 Cost and expenses Cost of sales (excluding depreciation and amortization) — (1,405) (1,158) 201 (2,362) Depreciation and amortization (1) (49) (121) — (171) Selling, general and administrative (244) 179 (48) — (113) Business consolidation and other activities (53) 13 8 — (32) Equity in results of subsidiaries 369 8 — (377) — Intercompany 52 (6) (46) — — 123 (1,260) (1,365) (176) (2,678) Earnings (loss) before interest and taxes 123 406 116 (377) 268 Interest expense (79) 3 — — (76) Debt refinancing and other costs — — — — — Total interest expense (79) 3 — — (76) Earnings (loss) before taxes 44 409 116 (377) 192 Tax (provision) benefit 15 (103) (52) — (140) Equity in results of affiliates, net of tax — 3 4 — 7 Net earnings (loss) 59 309 68 (377) 59 Less net earnings attributable to noncontrolling interests — — — — — Net earnings (loss) attributable to Ball Corporation $ 59 $ 309 $ 68 $ (377) $ 59 Comprehensive earnings (loss) attributable to Ball Corporation $ 26 $ 313 $ 8 $ (321) $ 26 Unaudited Condensed Consolidating Statement of Earnings For the Nine Months Ended September 30, 2019 ($ in millions) Ball Guarantor Non-Guarantor Subsidiaries Eliminating Consolidated Net sales $ — $ 4,966 $ 4,408 $ (619) $ 8,755 Cost and expenses Cost of sales (excluding depreciation and amortization) — (4,295) (3,368) 619 (7,044) Depreciation and amortization (4) (150) (356) — (510) Selling, general and administrative (20) (172) (136) — (328) Business consolidation and other activities (23) (9) (115) — (147) Equity in results of subsidiaries 467 108 — (575) — Intercompany 176 (88) (88) — — 596 (4,606) (4,063) 44 (8,029) Earnings (loss) before interest and taxes 596 360 345 (575) 726 Interest expense (240) 4 (1) — (237) Debt refinancing and other costs (4) — — — (4) Total interest expense (244) 4 (1) — (241) Earnings (loss) before taxes 352 364 344 (575) 485 Tax (provision) benefit 54 (52) (75) — (73) Equity in results of affiliates, net of tax — (12) 6 — (6) Net earnings 406 300 275 (575) 406 Less net earnings attributable to noncontrolling interests — — — — — Net earnings attributable to Ball Corporation $ 406 $ 300 $ 275 $ (575) $ 406 Comprehensive earnings (loss) attributable to Ball Corporation $ 604 $ 506 $ 442 $ (948) $ 604 Unaudited Condensed Consolidating Statement of Earnings For the Nine Months Ended September 30, 2018 ($ in millions) Ball Guarantor Non-Guarantor Subsidiaries Eliminating Consolidated Net sales $ — $ 5,003 $ 4,428 $ (599) $ 8,832 Cost and expenses Cost of sales (excluding depreciation and amortization) — (4,235) (3,447) 599 (7,083) Depreciation and amortization (4) (153) (372) — (529) Selling, general and administrative (278) 65 (139) — (352) Business consolidation and other activities (70) (41) (20) — (131) Equity in results of subsidiaries 634 61 — (695) — Intercompany 228 (158) (70) — — 510 (4,461) (4,048) (96) (8,095) Earnings (loss) before interest and taxes 510 542 380 (695) 737 Interest expense (235) 10 (1) — (226) Debt refinancing and other costs (1) — — — (1) Total interest expense (236) 10 (1) — (227) Earnings (loss) before taxes 274 552 379 (695) 510 Tax (provision) benefit 29 (135) (114) — (220) Equity in results of affiliates, net of tax — 1 13 — 14 Net earnings 303 418 278 (695) 304 Less net earnings attributable to noncontrolling interests — — (1) — (1) Net earnings attributable to Ball Corporation $ 303 $ 418 $ 277 $ (695) $ 303 Comprehensive earnings (loss) attributable to Ball Corporation $ 159 $ 309 $ 105 $ (414) $ 159
Schedule of Condensed Consolidating Balance Sheet	Unaudited Condensed Consolidating Balance Sheet September 30, 2019 ($ in millions) Ball Guarantor Non-Guarantor Eliminating Consolidated Assets Current assets Cash and cash equivalents $ 7 $ — $ 476 $ — $ 483 Receivables, net 9 594 1,354 — 1,957 Intercompany receivables 103 237 1,711 (2,051) — Inventories, net — 506 674 — 1,180 Other current assets 37 39 133 — 209 Total current assets 156 1,376 4,348 (2,051) 3,829 Noncurrent assets Property, plant and equipment, net 34 1,403 2,883 — 4,320 Investment in subsidiaries 11,678 2,589 (99) (14,168) — Goodwill — 1,191 3,180 — 4,371 Intangible assets, net 18 383 1,626 — 2,027 Other assets 315 299 1,076 — 1,690 Total assets $ 12,201 $ 7,241 $ 13,014 $ (16,219) $ 16,237 Liabilities and Equity Current liabilities Short-term debt and current portion of long-term debt $ 239 $ — $ 122 $ — $ 361 Accounts payable 17 949 1,692 — 2,658 Intercompany payables 2,379 123 156 (2,658) — Accrued employee costs 49 119 88 — 256 Other current liabilities 136 142 220 — 498 Total current liabilities 2,820 1,333 2,278 (2,658) 3,773 Noncurrent liabilities Long-term debt 6,620 — 3 — 6,623 Employee benefit obligations 822 293 268 — 1,383 Intercompany long-term notes (1,263) (1,764) 2,420 607 — Deferred taxes (247) 247 602 — 602 Long-term deferred tax and other liabilities 84 128 179 — 391 Total liabilities 8,836 237 5,750 (2,051) 12,772 Common stock 1,177 2,523 3,900 (6,423) 1,177 Preferred stock — — 5 (5) — Retained earnings 5,694 4,939 3,553 (8,492) 5,694 Accumulated other comprehensive earnings (loss) (716) (458) (294) 752 (716) Treasury stock, at cost (2,790) — — — (2,790) Total Ball Corporation equity 3,365 7,004 7,164 (14,168) 3,365 Noncontrolling interests — — 100 — 100 Total equity 3,365 7,004 7,264 (14,168) 3,465 Total liabilities and equity $ 12,201 $ 7,241 $ 13,014 $ (16,219) $ 16,237 Unaudited Condensed Consolidating Balance Sheet December 31, 2018 ($ in millions) Ball Guarantor Non-Guarantor Eliminating Consolidated Assets Current assets Cash and cash equivalents $ 4 $ — $ 717 $ — $ 721 Receivables, net 21 613 1,168 — 1,802 Intercompany receivables 66 495 1,657 (2,218) — Inventories, net — 527 744 — 1,271 Other current assets 32 35 79 — 146 Total current assets 123 1,670 4,365 (2,218) 3,940 Noncurrent assets Property, plant and equipment, net 24 1,378 3,140 — 4,542 Investment in subsidiaries 11,145 3,779 (99) (14,825) — Goodwill — 1,191 3,284 — 4,475 Intangible assets, net 18 409 1,761 — 2,188 Other assets 213 215 981 — 1,409 Total assets $ 11,523 $ 8,642 $ 13,432 $ (17,043) $ 16,554 Liabilities and Equity Current liabilities Short-term debt and current portion of long-term debt $ 173 $ — $ 46 $ — $ 219 Accounts payable 50 1,178 1,867 — 3,095 Intercompany payables 2,310 49 466 (2,825) — Accrued employee costs 39 144 106 — 289 Other current liabilities 153 119 220 — 492 Total current liabilities 2,725 1,490 2,705 (2,825) 4,095 Noncurrent liabilities Long-term debt 6,504 — 6 — 6,510 Employee benefit obligations 871 286 298 — 1,455 Intercompany long-term notes (1,977) 3 1,368 606 — Deferred taxes (172) 169 648 — 645 Other liabilities 114 45 128 — 287 Total liabilities 8,065 1,993 5,153 (2,219) 12,992 Common stock 1,157 2,523 5,314 (7,837) 1,157 Preferred stock — — 5 (5) — Retained earnings 5,341 4,712 3,316 (8,028) 5,341 Accumulated other comprehensive earnings (loss) (835) (586) (460) 1,046 (835) Treasury stock, at cost (2,205) — — — (2,205) Total Ball Corporation equity 3,458 6,649 8,175 (14,824) 3,458 Noncontrolling interests — — 104 — 104 Total equity 3,458 6,649 8,279 (14,824) 3,562 Total liabilities and equity $ 11,523 $ 8,642 $ 13,432 $ (17,043) $ 16,554
Schedule of Condensed Consolidating Statement of Cash Flows	Unaudited Condensed Consolidating Statement of Cash Flows For the Nine Months Ended September 30, 2019 ($ in millions) Ball Guarantor Non-Guarantor Consolidated Cash provided by (used in) operating activities $ (332) $ 256 $ 732 $ 656 Cash flows from investing activities Capital expenditures (12) (186) (227) (425) Proceeds from dispositions, net of cash sold — — (50) (50) Other, net (2) 10 18 26 Cash provided by (used in) investing activities (14) (176) (259) (449) Cash flows from financing activities Long-term borrowings 1,095 — 3 1,098 Repayments of long-term borrowings (900) — (6) (906) Net change in short-term borrowings 47 — 84 131 Proceeds from issuances of common stock, net of shares used for taxes 16 — — 16 Acquisitions of treasury stock (614) — — (614) Common stock dividends (133) — — (133) Intercompany 849 (80) (769) — Other, net (10) — — (10) Cash provided by (used in) financing activities 350 (80) (688) (418) Effect of exchange rate changes on cash — — (20) (20) Change in cash, cash equivalents and restricted cash 4 — (235) (231) Cash, cash equivalents and restricted cash – beginning of period 3 — 725 728 Cash, cash equivalents and restricted cash – end of period $ 7 $ — $ 490 $ 497 Unaudited Condensed Consolidating Statement of Cash Flows For the Nine Months Ended September 30, 2018 ($ in millions) Ball Guarantor Non-Guarantor Consolidated Cash provided by (used in) operating activities $ (103) $ 148 $ 982 $ 1,027 Cash flows from investing activities Capital expenditures (5) (356) (255) (616) Proceeds from dispositions, net of cash sold (53) 604 — 551 Other, net (1) 18 33 50 Cash provided by (used in) investing activities (59) 266 (222) (15) Cash flows from financing activities Long-term borrowings 1,475 — — 1,475 Repayments of long-term borrowings (1,525) — (6) (1,531) Net change in short-term borrowings (138) — (51) (189) Proceeds from issuances of common stock, net of shares used for taxes 25 — — 25 Acquisitions of treasury stock (464) — — (464) Common stock dividends (104) — — (104) Intercompany 905 (413) (492) — Other, net (12) (1) — (13) Cash provided by (used in) financing activities 162 (414) (549) (801) Effect of exchange rate changes on cash — — (59) (59) Change in cash, cash equivalents and restricted cash — — 152 152 Cash, cash equivalents and restricted cash – beginning of period 5 — 454 459 Cash, cash equivalents and restricted cash – end of period $ 5 $ — $ 606 $ 611

Accounting Pronouncements - Lea

Accounting Pronouncements - Leases (Details) - USD ($) $ in Millions	Jan. 01, 2019	Sep. 30, 2019	Dec. 31, 2018
Assets [Abstract]
Other current assets	$ 139	$ 209	$ 146
Operating lease right-of-use assets	$ 244	$ 242
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	us-gaap:OtherAssetsMember	us-gaap:OtherAssetsMember
Other assets	$ 1,384
Liabilities [Abstract]
Other current liabilities	489	$ 498	492
Current operating lease liabilities	$ 53	$ 56
Operating Lease, Liability, Current, Statement of Financial Position [Extensible List]	us-gaap:OtherCurrentLiabilitiesMember	us-gaap:OtherCurrentLiabilitiesMember
Other liabilities	$ 273	$ 391	287
Noncurrent operating lease liabilities	$ 182	$ 186
Operating Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]	us-gaap:OtherNoncurrentLiabilitiesMember	us-gaap:OtherLiabilitiesMember
Effect of Tax Cuts and Jobs Act [Abstract]
Reclassification of stranded tax effects	$ 79
As Previously reported
Assets [Abstract]
Other current assets			140
Other assets			1,409
Liabilities [Abstract]
Other current liabilities			492
Other liabilities			$ 287
ASU 2016-02
Lessee Disclosure [Abstract]
Change in Accounting Principle, Accounting Standards Update, Transition Option Elected [Fixed List]	Modified Retrospective
New Accounting Pronouncement or Change in Accounting Principle, Prior Period Not Restated [true false]	true
Practical expedient package adopted	true
Land easement practical expedient	true
Impact on opening retained earnings balance	$ 0
ASU 2016-02 \| Adjustments Due to Adoption
Assets [Abstract]
Other current assets	(1)
Operating lease right-of-use assets	244
Other assets	(25)
Liabilities [Abstract]
Other current liabilities	(3)
Current operating lease liabilities	53
Other liabilities	(14)
Noncurrent operating lease liabilities	$ 182

Business Segment Information -

Business Segment Information - Summary of Business (Details) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019USD ($)	Sep. 30, 2018USD ($)	Sep. 30, 2019USD ($)segment	Sep. 30, 2018USD ($)
Business Segment Information
Number of reportable segments \| segment			4
Segment Reporting Information, Revenue for Reportable Segment [Abstract]
Net sales	$ 2,953	$ 2,946	$ 8,755	$ 8,832
Reconciling items
Other	27	6	38	40
Business consolidation and other activities	(133)	(32)	(147)	(131)
Amortization of acquired Rexam intangibles	(46)	(50)	(142)	(154)
Earnings before interest and taxes	198	268	726	737
Interest expense	(79)	(76)	(237)	(226)
Debt refinancing and other costs			(4)	(1)
Total interest expense	(79)	(76)	(241)	(227)
Earnings before taxes	119	192	485	510
Undistributed corporate expenses	5	21	44	64
Operating Segments
Segment Reporting Information, Revenue for Reportable Segment [Abstract]
Net sales	2,695	2,594	7,990	7,574
Segment Reporting Information, Operating Income (Loss) [Abstract]
Reportable segment comparable operating earnings	342	334	953	952
Operating Segments \| Beverage packaging, North And Central America
Segment Reporting Information, Revenue for Reportable Segment [Abstract]
Net sales	1,230	1,237	3,647	3,513
Segment Reporting Information, Operating Income (Loss) [Abstract]
Reportable segment comparable operating earnings	157	153	416	423
Reconciling items
Business consolidation and other activities	(2)	(14)	(8)	(16)
Operating Segments \| Beverage packaging, South America
Segment Reporting Information, Revenue for Reportable Segment [Abstract]
Net sales	392	391	1,210	1,229
Segment Reporting Information, Operating Income (Loss) [Abstract]
Reportable segment comparable operating earnings	60	71	193	235
Reconciling items
Business consolidation and other activities	(14)	12	22	11
Operating Segments \| Beverage packaging, Europe
Segment Reporting Information, Revenue for Reportable Segment [Abstract]
Net sales	699	683	2,052	1,995
Segment Reporting Information, Operating Income (Loss) [Abstract]
Reportable segment comparable operating earnings	90	84	241	219
Reconciling items
Business consolidation and other activities	(9)	(3)	(24)	(17)
Operating Segments \| Aerospace
Segment Reporting Information, Revenue for Reportable Segment [Abstract]
Net sales	374	283	1,081	837
Segment Reporting Information, Operating Income (Loss) [Abstract]
Reportable segment comparable operating earnings	35	26	103	75
Other
Segment Reporting Information, Revenue for Reportable Segment [Abstract]
Net sales	258	352	765	1,258
Reconciling items
Business consolidation and other activities	(108)	(27)	(137)	(109)
Rexam
Reconciling items
Amortization of acquired Rexam intangibles	$ (38)	$ (40)	$ (118)	$ (124)

Acquisitions and Dispositions -

Acquisitions and Dispositions - Dispositions (Details) $ in Millions	Jul. 31, 2018USD ($)Plant	Sep. 30, 2019USD ($)	Sep. 30, 2019USD ($)
Disposition
Charge in earnings for translation losses		$ (45)	$ (45)
Steel Aerosol Packaging Business In Argentina [Member] \| Held-for-sale
Disposition
Impairment of assets held for sale		7
Assets held for sale		16	16
Liabilities held for sale		13	13
Charge in earnings for translation losses		45
Beverage Packaging China \| Disposal group, not discontinued operations
Disposition
Loss on sale of disposal group		45
Beverage Packaging China \| Disposal group, not discontinued operations \| Scenario, Plan [Member]
Disposition
Consideration for the sale of business		$ 213	$ 213
US steel food and steel aerosol packaging \| Held-for-sale
Disposition
Consideration for the sale of business	$ 600
Loss on sale of disposal group	$ (41)
Number of plants sold \| Plant	9
Ball Metalpack
Disposition
Percentage of ownership in a joint venture	49.00%

Revenue from Contracts With C_3

Revenue from Contracts With Customers - Disaggregation (Details) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019USD ($)	Sep. 30, 2018USD ($)	Sep. 30, 2019USD ($)segment	Sep. 30, 2018USD ($)
Disaggregation of Revenue [Line Items]
Number of reportable segments \| segment			4
Total net sales	$ 2,953	$ 2,946	$ 8,755	$ 8,832
Point in Time
Disaggregation of Revenue [Line Items]
Total net sales	555	665	1,659	2,082
Over Time
Disaggregation of Revenue [Line Items]
Total net sales	$ 2,398	$ 2,281	$ 7,096	$ 6,750

Revenue from Contracts With C_4

Revenue from Contracts With Customers - Contract balances (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018	Dec. 31, 2017
Contract with Customer, Asset and Liability [Abstract]
Contract Liabilities (Current)	$ 57		$ 57		$ 45	$ 45
Contract Liabilities (Noncurrent)	8		8		8
Increase (decrease) current contract liabilities			12
Increase (decrease) noncurrent contract liabilities					$ 8
Total increase (decrease) in contract liabilities			12
Cash received on contract liabilities			171
Revenue recognized included in contract liabilities current			159
Revenue recognized from opening balance of contract liabilities			45
Revenue recognized from obligations satisfied or partially satisfied in prior periods	$ 4	$ 3	$ 10	$ 8

Revenue from Contracts With C_5

Revenue from Contracts With Customers - Practical Expedients (Details)	9 Months Ended
	Sep. 30, 2019
Practical expedients
Practical expedient - nondisclosure of transaction price for future performance obligations	true

Revenue from Contracts With C_6

Revenue from Contracts With Customers - Performance obligations (Details) $ in Millions	Sep. 30, 2019USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Sales expected to be recognized on multi-year contracts in place as of the end of the period	$ 2,168
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2019-10-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Period in which remaining performance obligations expect to be satisfied and revenue recognized	12 months
Sales expected to be recognized on multi-year contracts in place as of the end of the period	$ 1,300
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-10-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Period in which remaining performance obligations expect to be satisfied and revenue recognized	0 months
Sales expected to be recognized on multi-year contracts in place as of the end of the period	$ 868

Business Consolidation and Ot_3

Business Consolidation and Other Activities (Details) - USD ($) $ in Millions	Jul. 31, 2018	Jul. 31, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Business consolidation and other activities
Business consolidation and other activities				$ (133)	$ (32)	$ (147)	$ (131)
Charge in earnings for translation losses				(45)		(45)
Settlement loss		$ 8	$ 14
US steel food and steel aerosol packaging \| Held-for-sale
Business consolidation and other activities
Loss on sale of disposal group	$ 41
Steel Aerosol Packaging Business In Argentina [Member] \| Held-for-sale
Business consolidation and other activities
Impairment of assets held for sale				7
Charge in earnings for translation losses				45
Operating Segments \| Beverage packaging, North And Central America
Business consolidation and other activities
Business consolidation and other activities				(2)	(14)	(8)	(16)
Individually insignificant activities				1	5	1	10
Operating Segments \| Beverage packaging, North And Central America \| Reidsville, North Carolina facility
Business consolidation and other activities
Charges related to facilities closure							2
Operating Segments \| Beverage packaging, North And Central America \| Birmingham, Alabama, Chatsworth, California And Longview, Texas facilities
Business consolidation and other activities
Charges related to facilities closure				1		7
Reversal of previously recorded expenses related to facilities closure							5
Operating Segments \| Beverage packaging, North And Central America \| Birmingham, Alabama, Chatsworth, California And Longview, Texas facilities \| Employee Severance And Benefits Facility Shutdown Costs Asset Impairment Accelerated Depreciation And Other Costs
Business consolidation and other activities
Business consolidation and other activities					(9)		(9)
Operating Segments \| Beverage packaging, South America
Business consolidation and other activities
Business consolidation and other activities				(14)	12	22	11
Individually insignificant activities				1	4	5	5
Gain related to indirect tax contingencies					16	56
Operating Segments \| Beverage packaging, South America \| Facility Shutdown Costs Asset Impairment Accelerated Depreciation And Other Costs
Business consolidation and other activities
Charges related to facilities closure				13		29
Operating Segments \| Beverage packaging, Europe
Business consolidation and other activities
Business consolidation and other activities				(9)	(3)	(24)	(17)
Individually insignificant activities				3	1	7	2
Operating Segments \| Beverage packaging, Europe \| Employee Benefits Severance Facility Shutdown Costs And Other Costs
Business consolidation and other activities
Charges related to facilities closure				6		17
Operating Segments \| Beverage packaging, Europe \| Recklinghausen, Germany facility \| Employee Severance And Benefits
Business consolidation and other activities
Charges related to facilities closure					2		15
Other
Business consolidation and other activities
Business consolidation and other activities				(108)	(27)	(137)	(109)
Individually insignificant activities				5	6	11	24
Settlement loss				8	14	8	14
Other \| Employee Severance and Benefits, Accelerated Depreciation and Inventory Impairment
Business consolidation and other activities
Charges related to manufacturing cost rationalization							4
Other \| Beverage packaging China \| Disposal Group, Disposed of by Sale, Not Discontinued Operations
Business consolidation and other activities
Loss on sale of disposal group				(45)		(45)
Professional services and other costs						16
Other \| US steel food and steel aerosol packaging \| Disposal Group, Disposed of by Sale, Not Discontinued Operations
Business consolidation and other activities
Reversal of previously recorded expenses related to facilities closure					3
Loss on sale of disposal group							(38)
Professional services and other costs					6		10
Other \| Steel Aerosol Packaging Business In Argentina [Member] \| Held-for-sale
Business consolidation and other activities
Impairment of assets held for sale				(7)		(7)
Charge in earnings for translation losses				45		45
Other \| Rexam
Business consolidation and other activities
Reversal of previously recorded expenses related to facilities closure				$ 2
Compensation arrangement expense					$ 4	$ 5	$ 19

Supplemental Cash Flow Statem_3

Supplemental Cash Flow Statement Disclosures (Details) - USD ($) $ in Millions	9 Months Ended		12 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018	Dec. 31, 2017
Cash, Cash Equivalents and Restricted Cash
Cash and cash equivalents	$ 483	$ 598	$ 721	$ 448
Current restricted cash	$ 9	$ 13	$ 7	$ 10
Location of current restricted cash	us-gaap:OtherAssetsCurrent	us-gaap:OtherAssetsCurrent	us-gaap:OtherAssetsCurrent	us-gaap:OtherAssetsCurrent
Noncurrent restricted cash				$ 1
Location of noncurrent restricted cash				us-gaap:OtherAssetsNoncurrent
Cash in assets held for sale	$ 5
Total cash, cash equivalents and restricted cash	497	$ 611	$ 728	$ 459
Other Non-cash items
PP&E acquired but not yet paid	124		127
Proceeds from dispositons, net of cash sold	50	$ (551)
Other receivables	552		$ 522
Beverage Packaging China
Other Non-cash items
Other receivables	$ 213

Receivables, Net (Details)

Receivables, Net (Details) - USD ($) $ in Millions	9 Months Ended	12 Months Ended
Receivables, Net (Details) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Receivables
Trade accounts receivable	$ 922	$ 812
Unbilled receivables	491	478
Less allowances for doubtful accounts	(8)	(10)
Net trade accounts receivable	1,405	1,280
Other receivables	552	522
Receivables, net	1,957	1,802
Maximum available sale of the accounts receivables under factoring program	1,300	1,200
Amount of accounts receivable available for sale under the factoring program	155	$ 178
Beverage Packaging China
Receivables
Other receivables	$ 213

Inventories, Net (Details)

Inventories, Net (Details) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Inventories, Net
Raw materials and supplies	$ 720	$ 727
Work-in-process and finished goods	541	614
Less inventory reserves	(81)	(70)
Inventories, net	$ 1,180	$ 1,271

Property, Plant and Equipment_3

Property, Plant and Equipment, Net (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Property, plant and equipment
Property, plant and equipment, gross	$ 7,211		$ 7,211		$ 7,277
Accumulated depreciation	(2,891)		(2,891)		(2,735)
Net property, plant and equipment	4,320		4,320		4,542
Depreciation expense	123	$ 121	368	$ 375
Land
Property, plant and equipment
Property, plant and equipment, gross	148		148		159
Buildings
Property, plant and equipment
Property, plant and equipment, gross	1,352		1,352		1,359
Machinery and equipment
Property, plant and equipment
Property, plant and equipment, gross	5,203		5,203		5,250
Construction-in-progress
Property, plant and equipment
Property, plant and equipment, gross	$ 508		$ 508		$ 509

Goodwill (Details)

Goodwill (Details) - USD ($) $ in Millions	1 Months Ended	9 Months Ended
Goodwill (Details) - USD ($) $ in Millions	Sep. 30, 2019	Sep. 30, 2019	Dec. 31, 2018
Goodwill
Balance at the beginning of the period		$ 4,475
Business disposition		(51)
Transfer to assets held for sale		(1)
Effects of currency exchange		(52)
Balance at the end of the period	$ 4,371	4,371
Goodwill	4,371	4,371	$ 4,475
Beverage Asia Pacific
Goodwill
Balance at the end of the period	27	27
Goodwill	27	27
Beverage AMEA
Goodwill
Balance at the end of the period	102	102
Percentage of fair value exceeding carrying value			15.00%
Goodwill	102	102
Beverage packaging, North And Central America
Goodwill
Balance at the beginning of the period		1,275
Balance at the end of the period	1,275	1,275
Goodwill	1,275	1,275	$ 1,275
Beverage packaging, South America
Goodwill
Balance at the beginning of the period		1,299
Balance at the end of the period	1,299	1,299
Goodwill	1,299	1,299	1,299
Beverage packaging, Europe
Goodwill
Balance at the beginning of the period		1,435
Effects of currency exchange		(47)
Balance at the end of the period	1,388	1,388
Goodwill	1,388	1,435	1,435
Aerospace
Goodwill
Balance at the beginning of the period		40
Balance at the end of the period	40	40
Goodwill	40	40	40
Other
Goodwill
Balance at the beginning of the period		426
Business disposition		(51)
Transfer to assets held for sale		(1)
Effects of currency exchange		(5)
Balance at the end of the period	369	369
Goodwill	369	$ 426	$ 426
Beverage packaging China \| Other
Goodwill
Business disposition	$ 51

Intangibles Assets, Net (Detail

Intangibles Assets, Net (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
Intangibles Assets, Net (Details) - USD ($) $ in Millions	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Total annual intangible asset amortization expense
Acquired intangible assets, net of accumulated amortization	$ 26		$ 26		$ 33
Accumulated amortization	112		112		112
Capitalized software (net of accumulated amortization)	69		69		82
Accumulated amortization - capitalized software	163		163		148
Total intangible assets, net	2,027		2,027		2,188
Amortization of Intangible Assets	46	$ 50	142	$ 154
Rexam
Total annual intangible asset amortization expense
Acquired intangible assets, net of accumulated amortization	1,932		1,932		2,073
Accumulated amortization	512		512		$ 399
Amortization of Intangible Assets	$ 38	$ 40	$ 118	$ 124

Other Assets (Details)

Other Assets (Details) - USD ($) $ in Millions	Sep. 30, 2019	Jan. 01, 2019	Dec. 31, 2018
Other assets
Long-term deferred tax assets	$ 203		$ 237
Long-term pension assets	561		559
Investments in affiliates	282		302
Right-of-use operating lease assets	242	$ 244
Other	402		311
Other Assets	$ 1,690		$ 1,409

Leases - Components of lease ex

Leases - Components of lease expense (Details) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2019
Leases
Lessee, Operating Lease, Existence of Option to Extend [true false]		true
Lessee, Operating Lease, Existence of Option to Terminate [true false]		true
Components of lease expense
Operating lease expense	$ (17)	$ (50)
Variable lease expense	3	(7)
Sublease income	1	3
Net lease expense	$ (13)	$ (54)

Leases - Supplemental informati

Leases - Supplemental information (Details) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2019	Jan. 01, 2019
Cash paid for amounts included in the measurements of lease liabilities:
Operating cash flows from operating leases	$ (11)	$ (47)
ROU assets obtained in exchange for lease obligations:
Operating leases	$ 18	$ 41
Supplemental balance sheet information
Balance sheet location for assets	us-gaap:OtherAssetsMember	us-gaap:OtherAssetsMember	us-gaap:OtherAssetsMember
Operating lease right-of-use assets	$ 242	$ 242	$ 244
Balance sheet location for current liabilities	us-gaap:OtherCurrentLiabilitiesMember	us-gaap:OtherCurrentLiabilitiesMember	us-gaap:OtherCurrentLiabilitiesMember
Current operating lease liabilities	$ 56	$ 56	$ 53
Balance sheet location for non-current liabilities	us-gaap:OtherLiabilitiesMember	us-gaap:OtherLiabilitiesMember	us-gaap:OtherNoncurrentLiabilitiesMember
Noncurrent operating lease liabilities	$ 186	$ 186	$ 182

Leases - Weighted average infor

Leases - Weighted average information (Details)	Sep. 30, 2019
Weighted average information
Weighted average remaining lease term: Operating leases	10 years
Weighted average discount rate: Operating leases	4.30%

Leases - Lease liabilities matu

Leases - Lease liabilities maturities (Details) $ in Millions	Sep. 30, 2019USD ($)
Maturities of lease liabilities
2019 (excluding the six months ended June 30, 2019)	$ 15
2020	55
2021	46
2022	39
2023	30
Thereafter	108
Future value of lease liabilities	293
Less: Imputed interest	(51)
Present value of lease liabilities	$ 242

Leases - Noncancelable rental p

Leases - Noncancelable rental payments (Details) $ in Millions	Dec. 31, 2018USD ($)
Future rental payments required under total noncancellable operating leases before Topic 842
2019	$ 66
2020	52
2021	41
2022	34
2023	25
Thereafter	87
Total future lease payments	$ 305

Debt - Long term debt (Details)

Debt - Long term debt (Details) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Long-term debt
Other (including debt issuance costs)	$ (41)	$ (41)
Long-term debt, Total	6,651	6,518
Less: Current portion of long-term debt	(28)	(8)
Long-term debt excluding current maturities	6,623	6,510
Senior Notes 5.25 percent, due July 2025
Long-term debt
Long-term Debt, Gross	$ 1,000	1,000
Interest rate (as a percent)	5.25%
Senior Notes 4.375 percent, due December 2020
Long-term debt
Long-term Debt, Gross	$ 1,000	1,000
Interest rate (as a percent)	4.375%
Senior Notes 4.00 percent , due November 2023
Long-term debt
Long-term Debt, Gross	$ 1,000	1,000
Interest rate (as a percent)	4.00%
Senior Notes 4.375 percent, euro denominated, due December 2023
Long-term debt
Long-term Debt, Gross	$ 763	803
Interest rate (as a percent)	4.375%
Senior Notes 5.00 percent, due March 2022
Long-term debt
Long-term Debt, Gross	$ 750	750
Interest rate (as a percent)	5.00%
Senior Notes 4.875 Percent, due March 2026
Long-term debt
Long-term Debt, Gross	$ 750	750
Interest rate (as a percent)	4.875%
Senior Notes 3.50 Percent, euro denominated, due December 2020
Long-term debt
Long-term Debt, Gross	$ 436	459
Interest rate (as a percent)	3.50%
Term A loan, due March 2024
Long-term debt
Long-term Debt, Gross	$ 788	$ 797
U.S. dollar revolver, due March 2024 at variable rate
Long-term debt
Long-term Debt, Gross	$ 205

Debt - Activity (Details)

Debt - Activity (Details) - USD ($) $ in Millions	Sep. 30, 2019	Mar. 25, 2019	Dec. 31, 2018
Committed multi-currency revolving credit facilities due 2024
Revolving credit facility
Maximum borrowing capacity of revolving credit facility		$ 1,750
Available borrowing capacity under line of credit facility	$ 1,500
Short-term uncommitted credit facilities
Revolving credit facility
Available borrowing capacity under line of credit facility	978
Amount of credit facility outstanding and due on demand	$ 333		$ 211

Debt - FV, Maturities, etc. (De

Debt - FV, Maturities, etc. (Details) $ in Millions	9 Months Ended
Debt - FV, Maturities, etc. (Details) $ in Millions	Sep. 30, 2019USD ($)	Dec. 31, 2018USD ($)
Long term debt value
Letters of credit, outstanding amount	$ 38	$ 28
Ownership interest in guarantor subsidiaries (as a percent)	100.00%
Leverage ratio, maximum	4.5
Level 2
Long term debt value
Fair value of the long-term debt	$ 7,100	$ 6,600

Taxes on Income (Details)

Taxes on Income (Details)	3 Months Ended	9 Months Ended
Taxes on Income (Details)	Sep. 30, 2019	Sep. 30, 2019
Effective income tax changes by percentage
Effective tax rate expressed as a percentage of pre-tax earnings	26.90%	15.10%
Effective income tax rate reduction for by expense in share based compensation	6.30%	6.40%
Effective income tax rate increase for impact of GILTI, net of FDII	4.50%	1.90%
Effective income tax rate increase for sale of plants	5.50%	1.40%
Effective income tax rate reduction for non-taxable income	4.70%	2.00%
Effective income tax rate increase for settlement of pension liability	8.50%	2.10%
Effective income tax rate reduction for federal tax credits	2.00%	1.20%

Employee Benefit Obligations -

Employee Benefit Obligations - Total (Details) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Employee Benefit Obligations
Underfunded defined benefit pension liabilities	$ 834	$ 954
Less current portion	(24)	(25)
Long-term defined benefit pension liabilities	810	929
Long-term retiree medical liabilities	157	157
Deferred compensation plans	377	291
Other	39	78
Total non-current employee benefit obligations	$ 1,383	$ 1,455

Employee Benefit Obligations _2

Employee Benefit Obligations - Components of net periodic benefit cost (Details) - USD ($) $ in Millions	1 Months Ended		3 Months Ended		9 Months Ended
	Jul. 31, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Ball-sponsored plans:
Settlement loss	$ 8	$ 14
Selling, general and administrative
Ball-sponsored plans:
Non-service pension income			$ 5		$ 16	$ 3
Defined Benefit Pension Plans
Ball-sponsored plans:
Total net periodic benefit cost			18	$ 30	37	63
Contributions to pension plans					154	53
Expected contributions to pension plans for the full year			168		168
Defined Benefit Pension Plans \| Ball Sponsored Plans
Ball-sponsored plans:
Service cost			15	16	45	51
Interest cost			43	43	129	127
Expected return on plan assets			(55)	(54)	(167)	(163)
Amortization of prior service cost			1		3	1
Recognized net actuarial loss			6	11	19	32
Settlement losses			8	14	8	14
Net periodic benefit cost for Ball sponsored plans					37	62
Defined Benefit Pension Plans \| Multi-employer Plans
Ball-sponsored plans:
Net periodic benefit cost for multiemployer plans						1
U.S.
Ball-sponsored plans:
Pension benefit obligation to be transferred		$ 176
U.S. \| Defined Benefit Pension Plans
Ball-sponsored plans:
Total net periodic benefit cost			16	34	44	75
U.S. \| Defined Benefit Pension Plans \| Ball Sponsored Plans
Ball-sponsored plans:
Service cost			13	13	37	40
Interest cost			26	25	76	73
Expected return on plan assets			(29)	(27)	(86)	(82)
Amortization of prior service cost			1		1	1
Recognized net actuarial loss			5	9	16	28
Settlement losses				14		14
Net periodic benefit cost for Ball sponsored plans					44	74
U.S. \| Defined Benefit Pension Plans \| Multi-employer Plans
Ball-sponsored plans:
Net periodic benefit cost for multiemployer plans						1
Foreign \| Defined Benefit Pension Plans
Ball-sponsored plans:
Total net periodic benefit cost			2	(4)	(7)	(12)
Foreign \| Defined Benefit Pension Plans \| Ball Sponsored Plans
Ball-sponsored plans:
Service cost			2	3	8	11
Interest cost			17	18	53	54
Expected return on plan assets			(26)	(27)	(81)	(81)
Amortization of prior service cost					2
Recognized net actuarial loss			1	$ 2	3	4
Settlement losses			$ 8		8
Net periodic benefit cost for Ball sponsored plans					$ (7)	$ (12)
Canada
Ball-sponsored plans:
Pension benefit obligation to be transferred	$ 32

Equity and Accumulated Other _3

Equity and Accumulated Other Comprehensive Earnings - Equity activity (Details) - USD ($) shares in Thousands, $ in Millions	Jan. 01, 2019	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2019	Sep. 30, 2018
Increase (Decrease) in Stockholders' Equity
Balance at beginning of the period	$ 3,562	$ 3,564	$ 3,995		$ 3,562	$ 4,084
Net earnings		92	59		406	304
Other comprehensive earnings (loss), net of tax, excluding currency translation on assets transferred to held for sale		36	(33)		153	(144)
Currency translation recognized in earnings as a result of the transfer of the Argentina steel aerosol business to held for sale		45			45
Reclassification of stranded tax effects	79
Common dividends, net of tax benefits		(49)	(34)		(133)	(104)
Treasury stock purchases		(232)	(269)		(612)	(471)
Treasury stock purchases (in shares)				(3,800)
Treasury shares reissued		7	7		19	18
Shares issued and stock compensation for stock options and other stock plans, net of shares exchanged		7	21		22	57
Other activity		(5)	(1)		3	1
Balance at end of the period		3,465	3,745	$ 3,465	3,465	3,745
Common Stock
Increase (Decrease) in Stockholders' Equity
Balance at beginning of the period	$ 1,157	$ 1,172	$ 1,120		$ 1,157	$ 1,084
Balance (in shares)	673,237	675,463	672,070		673,237	670,576
Shares issued and stock compensation for stock options and other stock plans, net of shares exchanged		$ 7	$ 21		$ 22	$ 57
Shares issued and stock compensation for stock options and other stock plans, net of shares exchanged (in shares)		588	629		2,814	2,123
Other activity		$ (2)	$ 1		$ (2)	$ 1
Balance at end of the period		$ 1,177	$ 1,142	$ 1,177	$ 1,177	$ 1,142
Balance (in shares)		676,051	672,699	676,051	676,051	672,699
Treasury Stock, Common
Increase (Decrease) in Stockholders' Equity
Balance at beginning of the period	$ (2,205)	$ (2,566)	$ (1,663)		$ (2,205)	$ (1,474)
Balance (in shares)	337,979	343,623	325,459		337,979	320,695
Treasury stock purchases		$ (232)	$ (269)		$ (612)	$ (471)
Treasury stock purchases (in shares)		(3,296)	(6,731)		(9,470)	(11,990)
Treasury shares reissued		$ 7	$ 7		$ 19	$ 18
Treasury shares reissued (in shares)		64	172		594	667
Other activity		$ 1	$ (1)		$ 8	$ 1
Balance at end of the period		$ (2,790)	$ (1,926)	$ (2,790)	$ (2,790)	$ (1,926)
Balance (in shares)		346,855	332,018	346,855	346,855	332,018
Retained Earnings
Increase (Decrease) in Stockholders' Equity
Balance at beginning of the period	$ 5,341	$ 5,651	$ 5,199		$ 5,341	$ 5,024
Net earnings		92	59		406	303
Reclassification of stranded tax effects					79
Common dividends, net of tax benefits		(49)	(34)		(133)	(104)
Other activity					1	1
Balance at end of the period		5,694	5,224	$ 5,694	5,694	5,224
Accumulated Other Comprehensive Earnings (Loss)
Increase (Decrease) in Stockholders' Equity
Balance at beginning of the period	(835)	(797)	(767)		(835)	(655)
Other comprehensive earnings (loss), net of tax, excluding currency translation on assets transferred to held for sale		36	(33)		153	(144)
Currency translation recognized in earnings as a result of the transfer of the Argentina steel aerosol business to held for sale		45			45
Reclassification of stranded tax effects					(79)
Other activity						(1)
Balance at end of the period		(716)	(800)	(716)	(716)	(800)
Noncontrolling Interest
Increase (Decrease) in Stockholders' Equity
Balance at beginning of the period	$ 104	104	106		104	105
Net earnings						1
Other activity		(4)	(1)		(4)	(1)
Balance at end of the period		$ 100	$ 105	$ 100	$ 100	$ 105

Equity and Accumulated Other _4

Equity and Accumulated Other Comprehensive Earnings - Share repurchase program (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	1 Months Ended	5 Months Ended
	May 31, 2019	Sep. 30, 2019	Jan. 23, 2019
Share Repurchase Program
Stock repurchase agreement, value	$ 250
Shares received		3.8
Average price paid per share		$ 65.93
Maximum
Share Repurchase Program
Number of shares authorized for repurchase			50

Equity and Accumulated Other _5

Equity and Accumulated Other Comprehensive Earnings - AOCI Activity (Details) - USD ($) $ in Millions	1 Months Ended		3 Months Ended	9 Months Ended
	Jul. 31, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2019
Accumulated Other Comprehensive Earnings (Loss)
Stockholders' Equity Attributable to Parent, Beginning Balance				$ 3,458
Currency translation recognized in earnings as a result of the transfer of the Argentina steel aerosol business to held for sale			$ 45	45
Stockholders' Equity Attributable to Parent, Ending Balance			3,365	3,365
Settlement loss	$ 8	$ 14
Foreign Currency Translation
Accumulated Other Comprehensive Earnings (Loss)
Stockholders' Equity Attributable to Parent, Beginning Balance				(504)
Other comprehensive earnings (loss) before reclassifications				88
Currency translation recognized in earnings as a result of the transfer of the Argentina steel aerosol business to held for sale				45
Stockholders' Equity Attributable to Parent, Ending Balance			(371)	(371)
Pension and Other Postretirement Benefits (Net of Tax)
Accumulated Other Comprehensive Earnings (Loss)
Stockholders' Equity Attributable to Parent, Beginning Balance				(277)
Other comprehensive earnings (loss) before reclassifications				4
Amounts reclassified from accumulated other comprehensive earnings (loss) into earnings				(76)
Stranded tax effects reclassified into retained earnings				(24)
Stockholders' Equity Attributable to Parent, Ending Balance			(325)	(325)
Effective Derivatives (Net of Tax)
Accumulated Other Comprehensive Earnings (Loss)
Stockholders' Equity Attributable to Parent, Beginning Balance				(54)
Other comprehensive earnings (loss) before reclassifications				68
Amounts reclassified from accumulated other comprehensive earnings (loss) into earnings				(3)
Stranded tax effects reclassified into retained earnings				31
Stockholders' Equity Attributable to Parent, Ending Balance			(20)	(20)
Accumulated Other Comprehensive Earnings (Loss).
Accumulated Other Comprehensive Earnings (Loss)
Stockholders' Equity Attributable to Parent, Beginning Balance				(835)
Other comprehensive earnings (loss) before reclassifications				160
Amounts reclassified from accumulated other comprehensive earnings (loss) into earnings				(79)
Currency translation recognized in earnings as a result of the transfer of the Argentina steel aerosol business to held for sale				45
Stranded tax effects reclassified into retained earnings				7
Stockholders' Equity Attributable to Parent, Ending Balance			$ (716)	$ (716)

Equity and Accumulated Other _6

Equity and Accumulated Other Comprehensive Earnings - AOCI Additional Details (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Gains (losses) on cash flow hedges
Net sales	$ 2,953	$ 2,946	$ 8,755	$ 8,832
Cost of sales (excluding depreciation and amortization)	(2,363)	(2,362)	(7,044)	(7,083)
Selling, general and administrative	(90)	(113)	(328)	(352)
Business consolidation and other activities	(133)	(32)	(147)	(131)
Earnings before taxes	119	192	485	510
Tax benefit (expense) on amounts reclassified into earnings	(32)	(140)	(73)	(220)
Net earnings	92	59	406	304
Effective Derivatives (Net of Tax) \| Cross-currency swap
Gains (losses) on cash flow hedges
Selling, general and administrative	32	7	41	37
Effective Derivatives (Net of Tax) \| Amount Reclassified from Accumulated Other Comprehensive Earnings (Loss)
Gains (losses) on cash flow hedges
Earnings before taxes	35	32	41	93
Tax benefit (expense) on amounts reclassified into earnings	(7)	(8)	(10)	(21)
Net earnings	28	24	31	72
Effective Derivatives (Net of Tax) \| Amount Reclassified from Accumulated Other Comprehensive Earnings (Loss) \| Commodity contracts
Gains (losses) on cash flow hedges
Net sales	6	2	12	(2)
Cost of sales (excluding depreciation and amortization)	(11)	19	(27)	47
Effective Derivatives (Net of Tax) \| Amount Reclassified from Accumulated Other Comprehensive Earnings (Loss) \| Interest rate swap agreements
Gains (losses) on cash flow hedges
Interest expense	(1)		(1)
Effective Derivatives (Net of Tax) \| Amount Reclassified from Accumulated Other Comprehensive Earnings (Loss) \| Foreign currency contracts
Gains (losses) on cash flow hedges
Selling, general and administrative	6		5	1
Effective Derivatives (Net of Tax) \| Amount Reclassified from Accumulated Other Comprehensive Earnings (Loss) \| Cross-currency swap
Gains (losses) on cash flow hedges
Interest expense	3	4	11	10
Pension and Other Postretirement Benefits (Net of Tax) \| Amount Reclassified from Accumulated Other Comprehensive Earnings (Loss)
Amortization Of Pension And Other Postretirement Benefits:
Total before tax effect	(13)	(15)	(23)	(34)
Tax benefit (expense) on amounts reclassified into earnings	(4)	4	(1)	9
Recognized gain (loss), net of tax	(17)	(11)	(24)	(25)
Prior service income (expense) \| Amount Reclassified from Accumulated Other Comprehensive Earnings (Loss)
Amortization Of Pension And Other Postretirement Benefits:
Total before tax effect	(1)		(1)
Actuarial gains (losses) \| Amount Reclassified from Accumulated Other Comprehensive Earnings (Loss)
Amortization Of Pension And Other Postretirement Benefits:
Total before tax effect	(4)	(1)	(14)	(20)
Effect of pension settlement \| Amount Reclassified from Accumulated Other Comprehensive Earnings (Loss)
Amortization Of Pension And Other Postretirement Benefits:
Total before tax effect	$ (8)	$ (14)	$ (8)	$ (14)

Earnings and Dividends Per Sh_3

Earnings and Dividends Per Share (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Earnings and Dividends Per Share
Net earnings attributable to Ball Corporation	$ 92	$ 59	$ 406	$ 303
Basic weighted average common shares	331,148,000	342,982,000	332,726,000	347,113,000
Effect of dilutive securities (in shares)	9,484,000	6,727,000	8,976,000	6,642,000
Weighted average shares applicable to diluted earnings per share	340,632,000	349,709,000	341,702,000	353,755,000
Per basic share (in dollars per share)	$ 0.28	$ 0.17	$ 1.22	$ 0.87
Per diluted share (in dollars per share)	$ 0.27	$ 0.17	$ 1.19	$ 0.86
Options excluded from EPS calculation
Number of outstanding options excluded from computation of diluted earnings per share	0	4,000,000	0	4,000,000
Dividends declared and paid
Dividends paid (in dollars per share)	$ 0.15	$ 0.10	$ 0.40	$ 0.30

Financial Instruments and Ris_3

Financial Instruments and Risk Management - General (Details) $ / shares in Units, shares in Millions, $ in Millions	9 Months Ended
	Sep. 30, 2019USD ($)approach$ / sharesshares	Dec. 31, 2018USD ($)	Dec. 31, 2016USD ($)
Financial Instruments and Risk Management
Aggregate fair value of derivative instruments with credit-risk-related contingent features that were in a net liability position	$ 32	$ 46
Collateral amount posted for derivative instruments with credit-risk-related contingent features that were in a net liability position	$ 0	$ 0
Commodity contracts
Financial Instruments and Risk Management
Number of methods through which entity manages commodity price risk in connection with market price fluctuations of aluminum ingot \| approach	2
Notional amount of derivatives	$ 1,300
Net gain (loss) expected to be recognized in the consolidated statement of earnings during the next 12 months	(21)
Gain (loss) on derivatives included in AOCI, net of tax	(24)
Commodity contracts \| Derivatives Designated As Hedging Instruments \| Cash Flow Hedging
Financial Instruments and Risk Management
Notional amount of derivatives	$ 1,200
Commodity contracts \| Maximum
Financial Instruments and Risk Management
Period within which derivative will expire	3 years
Interest rate swap and option contracts
Financial Instruments and Risk Management
Notional amount of derivatives	$ 1,300
Interest rate swap and option contracts \| Maximum
Financial Instruments and Risk Management
Period within which derivative will expire	2 years
Currency Exchange Rate Risk
Financial Instruments and Risk Management
Notional amount of derivatives	$ 3,800
Period within which derivative will expire	5 years
Net gain (loss) expected to be recognized in the consolidated statement of earnings during the next 12 months	$ 3
Gain (loss) on derivatives included in AOCI, net of tax	10
Net after-tax gain (loss) included in AOCI	(10)
Cross-currency swap
Financial Instruments and Risk Management
Notional amount of derivatives	250		$ 1,000
Gain (loss) on derivatives included in AOCI, net of tax	(6)
Notional amount terminated	$ 750
Equity contracts
Financial Instruments and Risk Management
Change in company's stock price (in dollars per share) \| $ / shares	$ 1
Combined notional value (in shares) \| shares	2.9

Financial Instruments and Ris_4

Financial Instruments and Risk Management - Fair Value (Details) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Fair Value Measurements
Total current derivative contracts, assets	$ 61	$ 36
Total noncurrent derivative contracts, assets	34
Total current derivative contracts, liabilities	44	62
Total noncurrent derivative contracts, liabilities	3	64
Commodity contracts
Fair Value Measurements
Total current derivative contracts, assets	10	10
Total current derivative contracts, liabilities	35	53
Total noncurrent derivative contracts, liabilities	3	2
Foreign currency contracts
Fair Value Measurements
Total current derivative contracts, assets	50	21
Total noncurrent derivative contracts, assets	31
Total current derivative contracts, liabilities	1	6
Cross-currency and other contracts
Fair Value Measurements
Total current derivative contracts, assets	1	5
Total current derivative contracts, liabilities	8	3
Total noncurrent derivative contracts, liabilities		62
Interest rate and other contracts
Fair Value Measurements
Total noncurrent derivative contracts, assets	3
Derivatives Designated As Hedging Instruments
Fair Value Measurements
Total current derivative contracts, assets	13	9
Total noncurrent derivative contracts, assets	34
Total current derivative contracts, liabilities	36	45
Total noncurrent derivative contracts, liabilities	3	64
Derivatives Designated As Hedging Instruments \| Commodity contracts
Fair Value Measurements
Total current derivative contracts, assets	10	9
Total current derivative contracts, liabilities	35	42
Total noncurrent derivative contracts, liabilities	3	2
Derivatives Designated As Hedging Instruments \| Foreign currency contracts
Fair Value Measurements
Total current derivative contracts, assets	2
Total noncurrent derivative contracts, assets	31
Total current derivative contracts, liabilities		2
Derivatives Designated As Hedging Instruments \| Cross-currency and other contracts
Fair Value Measurements
Total current derivative contracts, assets	1
Total current derivative contracts, liabilities	1	1
Total noncurrent derivative contracts, liabilities		62
Derivatives Designated As Hedging Instruments \| Interest rate and other contracts
Fair Value Measurements
Total noncurrent derivative contracts, assets	3
Derivatives Not Designated as Hedging Instruments
Fair Value Measurements
Total current derivative contracts, assets	48	27
Total current derivative contracts, liabilities	8	17
Derivatives Not Designated as Hedging Instruments \| Commodity contracts
Fair Value Measurements
Total current derivative contracts, assets		1
Total current derivative contracts, liabilities		11
Derivatives Not Designated as Hedging Instruments \| Foreign currency contracts
Fair Value Measurements
Total current derivative contracts, assets	48	21
Total current derivative contracts, liabilities	1	4
Derivatives Not Designated as Hedging Instruments \| Cross-currency and other contracts
Fair Value Measurements
Total current derivative contracts, assets		5
Total current derivative contracts, liabilities	$ 7	$ 2

Financial Instruments and Ris_5

Financial Instruments and Risk Management - Impact on Earnings (Details) - USD ($) $ in Millions	Jan. 01, 2019	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Impact on Earnings from Derivative Instruments
Cash Flow Hedge - Reclassified Amount from Accumulated Other Comprehensive Earnings (Loss)		$ 35	$ 32	$ 41	$ 93
Gain (Loss) on Derivatives not Designated as Hedge Instruments		96	39	205	94
Amounts reclassified into earnings:
Commodity contracts		5	(21)	15	(45)
Interest rate contracts		1		1
Cross currency swap contracts		(35)	(11)	(52)	(47)
Currency exchange contracts		(6)		(5)	(1)
Change in fair value of cash flow hedges:
Derivative, Gain (Loss) on Derivative, Net		35	32	41	93
Stranded tax effects reclassified into retained earnings:
Reclassification of stranded tax effects	$ 79
Changes in accumulated other comprehensive earnings (loss) for effective derivatives		12	(23)	34	(37)
Commodity contracts
Impact on Earnings from Derivative Instruments
Cash Flow Hedge - Reclassified Amount from Accumulated Other Comprehensive Earnings (Loss)		(5)	(11)	(10)	1
Change in fair value of cash flow hedges:
Derivative, Gain (Loss) on Derivative, Net		(5)	(11)	(10)	1
Stranded tax effects reclassified into retained earnings:
Reclassification of stranded tax effects				2
Commodity contracts \| Net sales
Impact on Earnings from Derivative Instruments
Cash Flow Hedge - Reclassified Amount from Accumulated Other Comprehensive Earnings (Loss)		6	2	12	(2)
Gain (Loss) on Derivatives not Designated as Hedge Instruments					1
Change in fair value of cash flow hedges:
Derivative, Gain (Loss) on Derivative, Net		6	2	12	(2)
Commodity contracts \| Cost of sales
Impact on Earnings from Derivative Instruments
Cash Flow Hedge - Reclassified Amount from Accumulated Other Comprehensive Earnings (Loss)		(11)	19	(27)	47
Gain (Loss) on Derivatives not Designated as Hedge Instruments		(1)	2	2	6
Change in fair value of cash flow hedges:
Derivative, Gain (Loss) on Derivative, Net		(11)	19	(27)	47
Interest rate contracts
Impact on Earnings from Derivative Instruments
Cash Flow Hedge - Reclassified Amount from Accumulated Other Comprehensive Earnings (Loss)		(1)		(1)
Change in fair value of cash flow hedges:
Derivative, Gain (Loss) on Derivative, Net		(1)		(1)
Interest rate contracts \| Interest expense.
Impact on Earnings from Derivative Instruments
Cash Flow Hedge - Reclassified Amount from Accumulated Other Comprehensive Earnings (Loss)		(1)		(1)
Change in fair value of cash flow hedges:
Derivative, Gain (Loss) on Derivative, Net		(1)		(1)
Foreign currency contracts \| Selling, general and administrative
Impact on Earnings from Derivative Instruments
Cash Flow Hedge - Reclassified Amount from Accumulated Other Comprehensive Earnings (Loss)		6		5	1
Gain (Loss) on Derivatives not Designated as Hedge Instruments		90	16	133	73
Change in fair value of cash flow hedges:
Derivative, Gain (Loss) on Derivative, Net		6		5	1
Equity contracts \| Selling, general and administrative
Impact on Earnings from Derivative Instruments
Gain (Loss) on Derivatives not Designated as Hedge Instruments		7	21	70	14
Cross-currency swap
Impact on Earnings from Derivative Instruments
Cash Flow Hedge - Reclassified Amount from Accumulated Other Comprehensive Earnings (Loss)		41	13	81	45
Change in fair value of cash flow hedges:
Derivative, Gain (Loss) on Derivative, Net		41	13	81	45
Stranded tax effects reclassified into retained earnings:
Reclassification of stranded tax effects				(5)
Cross-currency swap \| Interest expense.
Impact on Earnings from Derivative Instruments
Cash Flow Hedge - Reclassified Amount from Accumulated Other Comprehensive Earnings (Loss)		3	4	11	10
Change in fair value of cash flow hedges:
Derivative, Gain (Loss) on Derivative, Net		3	4	11	10
Cross-currency swap \| Selling, general and administrative
Impact on Earnings from Derivative Instruments
Cash Flow Hedge - Reclassified Amount from Accumulated Other Comprehensive Earnings (Loss)		32	7	41	37
Change in fair value of cash flow hedges:
Derivative, Gain (Loss) on Derivative, Net		32	7	41	37
Currency exchange contracts
Impact on Earnings from Derivative Instruments
Cash Flow Hedge - Reclassified Amount from Accumulated Other Comprehensive Earnings (Loss)		14	1	18	(2)
Change in fair value of cash flow hedges:
Derivative, Gain (Loss) on Derivative, Net		14	1	18	(2)
Foreign currency and tax impacts
Impact on Earnings from Derivative Instruments
Cash Flow Hedge - Reclassified Amount from Accumulated Other Comprehensive Earnings (Loss)		(2)	6	(10)	12
Change in fair value of cash flow hedges:
Derivative, Gain (Loss) on Derivative, Net		$ (2)	$ 6	$ (10)	$ 12

Contingencies - Environmental (

Contingencies - Environmental (Details) $ in Millions	1 Months Ended	3 Months Ended	9 Months Ended
Contingencies - Environmental (Details) $ in Millions	Nov. 30, 2012item	Jun. 30, 2019USD ($)	Sep. 30, 2019USD ($)a
Business consolidation and other activities
Environmental remediation
Prior year collections of ICMS amounts realizable		$ 56
Other Current Liabilities And Other Noncurrent Liabilities
Environmental remediation
Estimated potential liability for all environmental matters			$ 28
Waste Disposal Remediation \| Lower Duwamish Site
Environmental remediation
Project costs to date			100
Total site remediation costs expected to cover river bottom area in excess of amount spent to date			$ 342
Area of river bottom to be remediated (in acres) \| a			200
Waste Disposal Remediation \| Lower Duwamish Site \| Minimum
Environmental remediation
Number of potentially responsible parties (PRPs) \| item	50
Number of industrial companies and governmental entities under review \| item	30
Number of PRP groups discussing allocation proposals \| item	2

Subsidiary Guarantees of Debt -

Subsidiary Guarantees of Debt - Condensed Consolidating Statement of Earnings (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Subsidiary Guarantees of Debt
Ownership interest in guarantor subsidiaries (as a percent)			100.00%
Net sales	$ 2,953	$ 2,946	$ 8,755	$ 8,832
Costs and expenses
Cost of sales (excluding depreciation and amortization)	(2,363)	(2,362)	(7,044)	(7,083)
Depreciation and amortization	(169)	(171)	(510)	(529)
Selling, general and administrative	(90)	(113)	(328)	(352)
Business consolidation and other activities	(133)	(32)	(147)	(131)
Total costs and expenses	(2,755)	(2,678)	(8,029)	(8,095)
Earnings before interest and taxes	198	268	726	737
Interest expense	(79)	(76)	(237)	(226)
Debt refinancing and other costs			(4)	(1)
Total interest expense	(79)	(76)	(241)	(227)
Earnings (loss) before taxes	119	192	485	510
Tax (provision) benefit	(32)	(140)	(73)	(220)
Equity in results of affiliates, net of tax	5	7	(6)	14
Net earnings	92	59	406	304
Net (earnings) loss attributable to noncontrolling interests				(1)
Net earnings attributable to Ball Corporation	92	59	406	303
Comprehensive earnings (loss) attributable to Ball Corporation	173	26	604	159
Eliminating Adjustments
Subsidiary Guarantees of Debt
Net sales	(207)	(201)	(619)	(599)
Costs and expenses
Cost of sales (excluding depreciation and amortization)	207	201	619	599
Equity in results of subsidiaries	(43)	(377)	(575)	(695)
Total costs and expenses	164	(176)	44	(96)
Earnings before interest and taxes	(43)	(377)	(575)	(695)
Earnings (loss) before taxes	(43)	(377)	(575)	(695)
Net earnings	(43)	(377)	(575)	(695)
Net earnings attributable to Ball Corporation	(43)	(377)	(575)	(695)
Comprehensive earnings (loss) attributable to Ball Corporation	(173)	(321)	(948)	(414)
Ball Corporation \| Reportable Legal Entities
Costs and expenses
Depreciation and amortization	(2)	(1)	(4)	(4)
Selling, general and administrative	41	(244)	(20)	(278)
Business consolidation and other activities	(7)	(53)	(23)	(70)
Equity in results of subsidiaries	80	369	467	634
Intercompany	49	52	176	228
Total costs and expenses	161	123	596	510
Earnings before interest and taxes	161	123	596	510
Interest expense	(80)	(79)	(240)	(235)
Debt refinancing and other costs			(4)	(1)
Total interest expense	(80)	(79)	(244)	(236)
Earnings (loss) before taxes	81	44	352	274
Tax (provision) benefit	11	15	54	29
Net earnings	92	59	406	303
Net earnings attributable to Ball Corporation	92	59	406	303
Comprehensive earnings (loss) attributable to Ball Corporation	173	26	604	159
Guarantor Subsidiaries
Subsidiary Guarantees of Debt
Net sales	1,680	1,666	4,966	5,003
Costs and expenses
Cost of sales (excluding depreciation and amortization)	(1,443)	(1,405)	(4,295)	(4,235)
Depreciation and amortization	(51)	(49)	(150)	(153)
Selling, general and administrative	(84)	179	(172)	65
Business consolidation and other activities	(2)	13	(9)	(41)
Equity in results of subsidiaries	(37)	8	108	61
Intercompany	(24)	(6)	(88)	(158)
Total costs and expenses	(1,641)	(1,260)	(4,606)	(4,461)
Earnings before interest and taxes	39	406	360	542
Interest expense	1	3	4	10
Total interest expense	1	3	4	10
Earnings (loss) before taxes	40	409	364	552
Tax (provision) benefit	(13)	(103)	(52)	(135)
Equity in results of affiliates, net of tax	1	3	(12)	1
Net earnings	28	309	300	418
Net earnings attributable to Ball Corporation	28	309	300	418
Comprehensive earnings (loss) attributable to Ball Corporation	84	313	506	309
Non-Guarantor Subsidiaries
Subsidiary Guarantees of Debt
Net sales	1,480	1,481	4,408	4,428
Costs and expenses
Cost of sales (excluding depreciation and amortization)	(1,127)	(1,158)	(3,368)	(3,447)
Depreciation and amortization	(116)	(121)	(356)	(372)
Selling, general and administrative	(47)	(48)	(136)	(139)
Business consolidation and other activities	(124)	8	(115)	(20)
Intercompany	(25)	(46)	(88)	(70)
Total costs and expenses	(1,439)	(1,365)	(4,063)	(4,048)
Earnings before interest and taxes	41	116	345	380
Interest expense			(1)	(1)
Total interest expense			(1)	(1)
Earnings (loss) before taxes	41	116	344	379
Tax (provision) benefit	(30)	(52)	(75)	(114)
Equity in results of affiliates, net of tax	4	4	6	13
Net earnings	15	68	275	278
Net (earnings) loss attributable to noncontrolling interests				(1)
Net earnings attributable to Ball Corporation	15	68	275	277
Comprehensive earnings (loss) attributable to Ball Corporation	$ 89	$ 8	$ 442	$ 105

Subsidiary Guarantees of Debt_2

Subsidiary Guarantees of Debt - Condensed Consolidating Balance Sheet (Details) - USD ($) $ in Millions	Sep. 30, 2019	Jun. 30, 2019	Jan. 01, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Dec. 31, 2017
Current assets
Cash and cash equivalents	$ 483			$ 721	$ 598		$ 448
Receivables, net	1,957			1,802
Inventories, net	1,180			1,271
Other current assets	209		$ 139	146
Total current assets	3,829			3,940
Noncurrent assets
Property, plant and equipment, net	4,320			4,542
Goodwill	4,371			4,475
Intangible assets, net	2,027			2,188
Other assets	1,690			1,409
Total assets	16,237			16,554
Current liabilities
Short-term debt and current portion of long-term debt	361			219
Accounts payable	2,658			3,095
Accrued employee costs	256			289
Other current liabilities	498		489	492
Total current liabilities	3,773			4,095
Noncurrent liabilities
Long-term debt	6,623			6,510
Employee benefit obligations	1,383			1,455
Long-term derivative liabilities	3			64
Deferred taxes	602			645
Deferred taxes	203			237
Other liabilities	391		$ 273	287
Total liabilities	12,772			12,992
Common stock	1,177			1,157
Retained earnings	5,694			5,341
Accumulated other comprehensive earnings (loss)	(716)			(835)
Treasury stock, at cost	(2,790)			(2,205)
Total Ball Corporation shareholders' equity	3,365			3,458
Noncontrolling interests	100			104
Total equity	3,465	$ 3,564		3,562	$ 3,745	$ 3,995	$ 4,084
Total liabilities and equity	16,237			16,554
Eliminating Adjustments
Current assets
Intercompany receivables	(2,051)			(2,218)
Total current assets	(2,051)			(2,218)
Noncurrent assets
Investment in subsidiaries	(14,168)			(14,825)
Total assets	(16,219)			(17,043)
Current liabilities
Intercompany payables	(2,658)			(2,825)
Total current liabilities	(2,658)			(2,825)
Noncurrent liabilities
Intercompany long-term notes	607			606
Total liabilities	(2,051)			(2,219)
Common stock	(6,423)			(7,837)
Preferred stock	(5)			(5)
Retained earnings	(8,492)			(8,028)
Accumulated other comprehensive earnings (loss)	752			1,046
Total Ball Corporation shareholders' equity	(14,168)			(14,824)
Total equity	(14,168)			(14,824)
Total liabilities and equity	(16,219)			(17,043)
Ball Corporation \| Reportable Legal Entities
Current assets
Cash and cash equivalents	7			4
Receivables, net	9			21
Intercompany receivables	103			66
Other current assets	37			32
Total current assets	156			123
Noncurrent assets
Property, plant and equipment, net	34			24
Investment in subsidiaries	11,678			11,145
Intangible assets, net	18			18
Other assets	315			213
Total assets	12,201			11,523
Current liabilities
Short-term debt and current portion of long-term debt	239			173
Accounts payable	17			50
Intercompany payables	2,379			2,310
Accrued employee costs	49			39
Other current liabilities	136			153
Total current liabilities	2,820			2,725
Noncurrent liabilities
Long-term debt	6,620			6,504
Employee benefit obligations	822			871
Intercompany long-term notes	(1,263)			(1,977)
Deferred taxes	(247)			(172)
Other liabilities	84			114
Total liabilities	8,836			8,065
Common stock	1,177			1,157
Retained earnings	5,694			5,341
Accumulated other comprehensive earnings (loss)	(716)			(835)
Treasury stock, at cost	(2,790)			(2,205)
Total Ball Corporation shareholders' equity	3,365			3,458
Total equity	3,365			3,458
Total liabilities and equity	12,201			11,523
Guarantor Subsidiaries
Current assets
Receivables, net	594			613
Intercompany receivables	237			495
Inventories, net	506			527
Other current assets	39			35
Total current assets	1,376			1,670
Noncurrent assets
Property, plant and equipment, net	1,403			1,378
Investment in subsidiaries	2,589			3,779
Goodwill	1,191			1,191
Intangible assets, net	383			409
Other assets	299			215
Total assets	7,241			8,642
Current liabilities
Accounts payable	949			1,178
Intercompany payables	123			49
Accrued employee costs	119			144
Other current liabilities	142			119
Total current liabilities	1,333			1,490
Noncurrent liabilities
Employee benefit obligations	293			286
Intercompany long-term notes	(1,764)			3
Deferred taxes	247			169
Other liabilities	128			45
Total liabilities	237			1,993
Common stock	2,523			2,523
Retained earnings	4,939			4,712
Accumulated other comprehensive earnings (loss)	(458)			(586)
Total Ball Corporation shareholders' equity	7,004			6,649
Total equity	7,004			6,649
Total liabilities and equity	7,241			8,642
Non-Guarantor Subsidiaries
Current assets
Cash and cash equivalents	476			717
Receivables, net	1,354			1,168
Intercompany receivables	1,711			1,657
Inventories, net	674			744
Other current assets	133			79
Total current assets	4,348			4,365
Noncurrent assets
Property, plant and equipment, net	2,883			3,140
Investment in subsidiaries	(99)			(99)
Goodwill	3,180			3,284
Intangible assets, net	1,626			1,761
Other assets	1,076			981
Total assets	13,014			13,432
Current liabilities
Short-term debt and current portion of long-term debt	122			46
Accounts payable	1,692			1,867
Intercompany payables	156			466
Accrued employee costs	88			106
Other current liabilities	220			220
Total current liabilities	2,278			2,705
Noncurrent liabilities
Long-term debt	3			6
Employee benefit obligations	268			298
Intercompany long-term notes	2,420			1,368
Deferred taxes	602			648
Other liabilities	179			128
Total liabilities	5,750			5,153
Common stock	3,900			5,314
Preferred stock	5			5
Retained earnings	3,553			3,316
Accumulated other comprehensive earnings (loss)	(294)			(460)
Total Ball Corporation shareholders' equity	7,164			8,175
Noncontrolling interests	100			104
Total equity	7,264			8,279
Total liabilities and equity	$ 13,014			$ 13,432

Subsidiary Guarantees of Debt_3

Subsidiary Guarantees of Debt - Condensed Consolidating Statement of Cash Flows (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Subsidiary Guarantees of Debt
Cash provided by (used in) operating activities	$ 656	$ 1,027
Cash flows from investing activities
Capital expenditures	(425)	(616)
Proceeds from dispositons, net of cash sold	(50)	551
Other, net	26	50
Cash provided by (used in) investing activities	(449)	(15)
Cash Flows from Financing Activities
Long-term borrowings	1,098	1,475
Repayments of long-term borrowings	(906)	(1,531)
Net change in short-term borrowings	131	(189)
Proceeds from issuances of common stock, net of shares used for taxes	16	25
Acquisitions of treasury stock	(614)	(464)
Common stock dividends	(133)	(104)
Other, net	(10)	(13)
Cash provided by (used in) financing activities	(418)	(801)
Effect of exchange rate changes on cash	(20)	(59)
Change in cash, cash equivalents and restricted cash	(231)	152
Cash, cash equivalents and restricted cash - beginning of period	728	459
Cash, cash equivalents and restricted cash - end of period	497	611
Ball Corporation \| Reportable Legal Entities
Subsidiary Guarantees of Debt
Cash provided by (used in) operating activities	(332)	(103)
Cash flows from investing activities
Capital expenditures	(12)	(5)
Proceeds from dispositons, net of cash sold		(53)
Other, net	(2)	(1)
Cash provided by (used in) investing activities	(14)	(59)
Cash Flows from Financing Activities
Long-term borrowings	1,095	1,475
Repayments of long-term borrowings	(900)	(1,525)
Net change in short-term borrowings	47	(138)
Proceeds from issuances of common stock, net of shares used for taxes	16	25
Acquisitions of treasury stock	(614)	(464)
Common stock dividends	(133)	(104)
Intercompany	849	905
Other, net	(10)	(12)
Cash provided by (used in) financing activities	350	162
Change in cash, cash equivalents and restricted cash	4
Cash, cash equivalents and restricted cash - beginning of period	3	5
Cash, cash equivalents and restricted cash - end of period	7	5
Guarantor Subsidiaries
Subsidiary Guarantees of Debt
Cash provided by (used in) operating activities	256	148
Cash flows from investing activities
Capital expenditures	(186)	(356)
Proceeds from dispositons, net of cash sold		604
Other, net	10	18
Cash provided by (used in) investing activities	(176)	266
Cash Flows from Financing Activities
Intercompany	(80)	(413)
Other, net		(1)
Cash provided by (used in) financing activities	(80)	(414)
Non-Guarantor Subsidiaries
Subsidiary Guarantees of Debt
Cash provided by (used in) operating activities	732	982
Cash flows from investing activities
Capital expenditures	(227)	(255)
Proceeds from dispositons, net of cash sold	(50)
Other, net	18	33
Cash provided by (used in) investing activities	(259)	(222)
Cash Flows from Financing Activities
Long-term borrowings	3
Repayments of long-term borrowings	(6)	(6)
Net change in short-term borrowings	84	(51)
Intercompany	(769)	(492)
Cash provided by (used in) financing activities	(688)	(549)
Effect of exchange rate changes on cash	(20)	(59)
Change in cash, cash equivalents and restricted cash	(235)	152
Cash, cash equivalents and restricted cash - beginning of period	725	454
Cash, cash equivalents and restricted cash - end of period	$ 490	$ 606