Ball (BALL) 10-Q 7 Aug 20 2020 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2020	Jul. 31, 2020
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2020
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		326,566,912
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	2020
Document Fiscal Period Focus	Q2
Amendment Flag	false

Consolidated Statement of Earni

Consolidated Statement of Earnings - USD ($) shares in Thousands, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Consolidated Statements of Earnings
Net sales	$ 2,801	$ 3,017	$ 5,586	$ 5,802
Costs and expenses
Cost of sales (excluding depreciation and amortization)	(2,230)	(2,428)	(4,445)	(4,681)
Depreciation and amortization	(170)	(171)	(339)	(341)
Selling, general and administrative	(111)	(111)	(242)	(238)
Business consolidation and other activities	(112)		(227)	(14)
Total costs and expenses	(2,623)	(2,710)	(5,253)	(5,274)
Earnings before interest and taxes	178	307	333	528
Interest expense	(67)	(81)	(138)	(158)
Debt refinancing and other costs			(40)	(4)
Total interest expense	(67)	(81)	(178)	(162)
Earnings before taxes	111	226	155	366
Tax (provision) benefit	(23)	(31)	(19)	(41)
Equity in results of affiliates, net of tax	4	2	(21)	(11)
Net earnings	92	197	115	314
Net (earnings) loss attributable to noncontrolling interests	2		2
Net earnings attributable to Ball Corporation	$ 94	$ 197	$ 117	$ 314
Earnings per share:
Per basic share (in dollars per share)	$ 0.29	$ 0.59	$ 0.36	$ 0.94
Per diluted share (in dollars per share)	$ 0.28	$ 0.58	$ 0.35	$ 0.92
Weighted average shares outstanding (000s):
Basic (in shares)	325,994	332,825	325,670	333,528
Diluted (in shares)	331,717	341,637	331,884	342,233

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Earnings (Loss) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Consolidated Statements of Comprehensive Earnings (Loss)
Net earnings	$ 92	$ 197	$ 115	$ 314
Other comprehensive earnings (loss):
Foreign currency translation adjustment	62	7	(162)	86
Pension and other postretirement benefits	(3)	(17)	(11)	7
Derivatives designated as hedges	11	1	19	31
Total other comprehensive earnings (loss)	70	(9)	(154)	124
Income tax (provision) benefit	1	1	(4)	(7)
Total other comprehensive earnings (loss), net of tax	71	(8)	(158)	117
Total comprehensive earnings (loss)	163	189	(43)	431
Comprehensive (earnings) loss attributable to noncontrolling interests	2		2
Comprehensive earnings (loss) attributable to Ball Corporation	$ 165	$ 189	$ (41)	$ 431

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
Current assets
Cash and cash equivalents	$ 643	$ 1,798
Receivables, net	1,810	1,631
Inventories, net	1,388	1,274
Other current assets	169	181
Total current assets	4,010	4,884
Noncurrent assets
Property, plant and equipment, net	4,662	4,470
Goodwill	4,314	4,419
Intangible assets, net	1,902	2,002
Other assets	1,722	1,585
Total assets	16,610	17,360
Current liabilities
Short-term debt and current portion of long-term debt	523	1,480
Accounts payable	2,699	3,136
Accrued employee costs	275	285
Other current liabilities	629	676
Total current liabilities	4,126	5,577
Noncurrent liabilities
Long-term debt	7,158	6,337
Employee benefit obligations	1,574	1,486
Deferred taxes	553	561
Other liabilities	369	380
Total liabilities	13,780	14,341
Equity
Common stock (678,484,159 shares issued - 2020; 676,302,319 shares issued - 2019)	1,153	1,178
Retained earnings	5,822	5,803
Accumulated other comprehensive earnings (loss)	(1,068)	(910)
Treasury stock, at cost (352,102,117 shares - 2020; 351,667,322 shares - 2019)	(3,145)	(3,122)
Total Ball Corporation shareholders' equity	2,762	2,949
Noncontrolling interests	68	70
Total equity	2,830	3,019
Total liabilities and equity	$ 16,610	$ 17,360

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - shares	Jun. 30, 2020	Dec. 31, 2019
Consolidated Balance Sheets
Common stock, shares issued	678,484,159	676,302,319
Treasury stock, at cost	352,102,117	351,667,322

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Cash Flows from Operating Activities
Net earnings	$ 115	$ 314
Adjustments to reconcile net earnings to cash provided by (used in) operating activities:
Depreciation and amortization	339	341
Business consolidation and other activities	227	14
Deferred tax provision (benefit)	(50)	(7)
Other, net	78	6
Changes in working capital components, net of dispositions	(941)	(415)
Cash provided by (used in) operating activities	(232)	253
Cash Flows from Investing Activities
Capital expenditures	(447)	(275)
Business dispositions, net of cash sold	(17)
Other, net	23	11
Cash provided by (used in) investing activities	(441)	(264)
Cash Flows from Financing Activities
Long-term borrowings	1,252	1,046
Repayments of long-term borrowings	(1,916)	(609)
Net change in short-term borrowings	492	153
Proceeds (payments) from issuances of common stock, net of shares used for taxes	(25)	8
Acquisitions of treasury stock	(57)	(396)
Common stock dividends	(100)	(83)
Other, net	(34)	(12)
Cash provided by (used in) financing activities	(388)	107
Effect of exchange rate changes on cash	(92)	12
Change in cash, cash equivalents and restricted cash	(1,153)	108
Cash, cash equivalents and restricted cash - beginning of period	1,806	728
Cash, cash equivalents and restricted cash - end of period	$ 653	$ 836

Basis of Presentation

Basis of Presentation	6 Months Ended
	Jun. 30, 2020
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 2019 Annual Report on Form 10-K filed on February 19, 2020, pursuant to the Securities Exchange Act of 1934 for the fiscal year ended December 31, 2019 (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 that are of a normal recurring nature and are necessary to fairly state the results of the periods presented. ​ Risks and Uncertainties – Novel Coronavirus (COVID-19) ​ The preparation of financial statements requires the use of estimates and assumptions that affect the reported amounts of assets and liabilities at the reporting date and revenues and expenses during the reporting periods. These estimates represent management’s judgement about the outcome of future events. The current global business environment is being impacted directly and indirectly by the effects of the novel coronavirus (COVID-19), and it is not possible to accurately estimate the impact of COVID-19. However, Ball management has reviewed the estimates used in preparing the company’s consolidated financial statements and the following have a reasonably possible likelihood of being affected, to a material extent, by the direct and indirect impacts of COVID-19 in the near term. ​ ● Estimates regarding the future financial performance of the business used in the impairment tests for goodwill, long-lived assets, equity method investments, recoverability of deferred tax assets and estimates regarding cash needs and associated indefinite reinvestment assertions; ● Estimates of recoverability for customer receivables; ● Estimates of net realizable value for inventory; ● Estimates regarding the likelihood of forecasted transactions associated with hedge accounting at June 30, 2020, could cease to meet the hedge accounting requirements and result in the recognition of income and/or expenses. ​ In addition to the above potential impacts on the estimates used in preparing financial statements, COVID-19 has the potential to increase Ball’s vulnerabilities to near-term severe impacts related to certain concentrations in its business. In line with other companies in the packaging and aerospace industries, Ball makes the majority of its sales and significant purchases to or from a relatively small number of global, or large regional, customers and suppliers. Furthermore, Ball makes the majority of its sales from a small number of product lines. The potential of COVID-19 to affect a significant customer or supplier, or to affect demand for certain products to a significant degree, heightens the vulnerability of Ball to these concentrations. ​ Certain prior year amounts have been reclassified in order to conform to the current year presentation. ​

Accounting Pronouncements

Accounting Pronouncements	6 Months Ended
	Jun. 30, 2020
Accounting Pronouncements
Accounting Pronouncements	2. Accounting Pronouncements ​ Recently Adopted Accounting Standards ​ 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 was applied prospectively on January 1, 2020, and did not have a material effect on the company’s unaudited condensed 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 is 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. Ball adopted this guidance and all related amendments on January 1, 2020, applying the modified retrospective method, and this adoption did not have a material effect on the company’s unaudited condensed consolidated financial statements. ​ New Accounting Guidance ​ Income Tax Simplification ​ In December 2019, accounting guidance was issued to simplify the accounting for income taxes. The guidance is effective for Ball on January 1, 2021, and the company is currently assessing the impact that the adoption of this new guidance will have on its consolidated financial statements. ​

Business Segment Information

Business Segment Information	6 Months Ended
	Jun. 30, 2020
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. Effective January 1, 2020, the company implemented changes to its management and internal reporting structure for cost reduction and operational efficiency purposes. As a result of these changes, the company’s plants in Cairo, Egypt, and Manisa, Turkey, are now included in the beverage packaging, Europe, Middle East and Africa (beverage packaging, EMEA), segment. The company’s operations in India and Saudi Arabia are now combined with the former non-reportable beverage packaging, Asia Pacific, operating segment as a new non-reportable beverage packaging, other, operating segment. The company’s segment results and disclosures for the three and six months ended June 30, 2019, have been retrospectively adjusted to conform to the current year presentation. ​ Beverage packaging, North and Central America : ​ Beverage packaging, EMEA : ​ Beverage packaging, South America : ​ Aerospace : ​ As presented in the table below, Other consists of a non-reportable operating segment (beverage packaging, other) that manufactures and sells aluminum beverage containers in India, Saudi Arabia and throughout the Asia Pacific region; a non-reportable operating segment that manufactures and sells extruded aluminum aerosol containers and aluminum slugs (aerosol packaging); a non-reportable operating segment that manufactures and sells aluminum cups (aluminum cups); undistributed corporate expenses; intercompany eliminations and other business activities. ​ The accounting policies of the segments are the same as those used 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 June 30, ​ Six Months Ended June 30, ($ in millions) 2020 2019 2020 2019 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net sales ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Beverage packaging, North and Central America ​ $ 1,267 ​ $ 1,286 ​ $ 2,448 ​ $ 2,417 Beverage packaging, EMEA ​ ​ 699 ​ ​ 768 ​ ​ 1,368 ​ ​ 1,452 Beverage packaging, South America ​ ​ 329 ​ ​ 377 ​ ​ 734 ​ ​ 818 Aerospace ​ ​ 438 ​ ​ 379 ​ ​ 870 ​ ​ 707 Reportable segment sales ​ ​ 2,733 ​ ​ 2,810 ​ ​ 5,420 ​ ​ 5,394 Other ​ ​ 68 ​ ​ 207 ​ ​ 166 ​ ​ 408 Net sales ​ $ 2,801 ​ $ 3,017 ​ $ 5,586 ​ $ 5,802 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Comparable operating earnings ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Beverage packaging, North and Central America ​ $ 189 ​ $ 141 ​ $ 335 ​ $ 259 Beverage packaging, EMEA ​ ​ 63 ​ ​ 98 ​ ​ 131 ​ ​ 172 Beverage packaging, South America ​ ​ 46 ​ ​ 65 ​ ​ 109 ​ ​ 133 Aerospace ​ ​ 30 ​ ​ 38 ​ ​ 70 ​ ​ 68 Reportable segment comparable operating earnings ​ ​ 328 ​ ​ 342 ​ ​ 645 ​ ​ 632 Reconciling items ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other (a) ​ ​ (1) ​ ​ 5 ​ ​ (11) ​ ​ (10) Business consolidation and other activities ​ ​ (112) ​ ​ — ​ ​ (227) ​ ​ (14) Amortization of acquired Rexam intangibles ​ ​ (37) ​ ​ (40) ​ ​ (74) ​ ​ (80) Earnings before interest and taxes ​ ​ 178 ​ ​ 307 ​ ​ 333 ​ ​ 528 Interest expense ​ ​ (67) ​ ​ (81) ​ ​ (138) ​ ​ (158) Debt refinancing and other costs ​ ​ — ​ ​ — ​ ​ (40) ​ ​ (4) Total interest expense ​ ​ (67) ​ ​ (81) ​ ​ (178) ​ ​ (162) Earnings before taxes ​ $ 111 ​ $ 226 ​ $ 155 ​ $ 366 (a) Includes undistributed corporate expenses, net, of $6 million and $15 million for the three months ended June 30, 2020 and 2019, respectively, and $20 million and $38 million for the six months ended June 30, 2020 and 2019, 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	6 Months Ended
	Jun. 30, 2020
Acquisitions and Dispositions
Acquisitions and Dispositions	4. Acquisitions and Dispositions ​ Brazil Aluminum Aerosol Packaging Business ​ In March 2020, the company agreed to acquire the entire share capital of Tubex Industria E Comercio de Embalagens Ltda, an aluminum aerosol packaging business with a plant near Sao Paolo, Brazil, for initial cash consideration of $80 million, subject to customary closing adjustments, and potential additional consideration not to exceed $30 million over the three years following the transaction close date. The business will be part of Ball’s aerosol packaging operating segment. The transaction is expected to close in the third quarter of 2020 and will broaden the geographic reach of Ball’s aluminum aerosol packaging business, serving the growing Brazilian personal care market. ​ Argentina Steel Aerosol Business ​ In October 2019, the company sold its Argentine steel aerosol packaging business, which included facilities in Garin and San Luis, Argentina, and recorded a loss on disposal of $52 million, which included the write-off of cumulative translation adjustments of $45 million related to the Argentina business that had been previously recorded in accumulated other comprehensive income. The loss on disposal was recorded in the fourth quarter of 2019 within business consolidation and other activities in the unaudited condensed consolidated statement of earnings. ​ Beverage Packaging China ​ In September 2019, the company completed the sale of 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 value of which was fully impaired in the first quarter of 2020, as described in Note 6. The upfront proceeds from this sale were received in the fourth quarter of 2019. The loss on disposal of $45 million was recorded in the third quarter of 2019 within business consolidation and other activities in the unaudited condensed consolidated statement of earnings.

Revenue from Contracts With Cus

Revenue from Contracts With Customers	6 Months Ended
	Jun. 30, 2020
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, EMEA; (3) beverage packaging, South America; and (4) aerospace. ​ The following table disaggregates the company’s net sales based on the timing of transfer of control: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended June 30, 2020 ​ Six Months Ended June 30, 2020 ($ in millions) ​ Point in Time ​ Over Time ​ Total Point in Time ​ Over Time ​ Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total net sales ​ $ 531 ​ $ 2,270 ​ $ 2,801 ​ $ 1,034 ​ $ 4,552 ​ $ 5,586 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended June 30, 2019 ​ Six Months Ended June 30, 2019 ($ in millions) ​ Point in Time ​ Over Time ​ Total Point in Time ​ Over Time ​ Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total net sales ​ $ 547 ​ $ 2,470 ​ $ 3,017 ​ $ 1,104 ​ $ 4,698 ​ $ 5,802 ​ 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 June 30, 2020, or December 31, 2019. 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: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Contract ​ Contract ​ ​ Liabilities ​ Liabilities ($ in millions) (Current) ​ (Noncurrent) ​ ​ ​ ​ ​ ​ ​ Balance at December 31, 2019 ​ ​ 87 ​ ​ 9 Increase (decrease) ​ ​ (11) ​ ​ — Balance at June 30, 2020 ​ $ 76 ​ $ 9 ​ ​ ​ ​ ​ ​ ​ ​ During the six months ended June 30, 2020, total contract liabilities decreased by $11 million, which is net of cash received of $260 million and amounts recognized as sales of $249 million, all of which related to current contract liabilities. The amount of sales recognized in the six months ended June 30, 2020, which were included in the opening contract liabilities balances, was $87 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 net reductions in sales of $5 million and net sales revenues of $4 million in the three and six months ended June 30, 2020, respectively, and net sales revenues of $6 million in the six months ended June 30, 2019, from performance obligations satisfied (or partially satisfied) in prior periods. These sales amounts are the result of changes in the transaction price of the company’s contracts with customers. ​ Transaction Price Allocated to Remaining Performance Obligations ​ In the context of the revenue recognition standard, enforceable contracts are those that have an enforceable right to payment, which Ball typically has once a binding forecast or purchase order (or similar contract) is in place and Ball produces under the contract. Within Ball’s packaging segments, enforceable contracts as defined all have a duration of less than one year. Contracts that have an original duration of less than one year are excluded from the requirement to disclose remaining performance obligations based on the company’s election to use the practical expedient. ​ The table below discloses: (1) the aggregate amount of the transaction price allocated to performance obligations that are unsatisfied (or partially unsatisfied) as of the end of the reporting period for contracts with an original duration of greater than one year, and (2) when the company expects to record sales on these multi-year contracts. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ($ in millions) Next Twelve Months ​ Thereafter ​ Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Sales expected to be recognized on multi-year contracts in place as of June 30, 2020 ​ $ 1,180 ​ $ 814 ​ $ 1,994 ​ 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	6 Months Ended
	Jun. 30, 2020
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 June 30, ​ Six Months Ended June 30, ($ in millions) 2020 2019 2020 2019 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Beverage packaging, North and Central America ​ $ (1) ​ $ (5) ​ $ (4) ​ $ (6) Beverage packaging, EMEA ​ ​ (3) ​ ​ (16) ​ ​ (6) ​ ​ (15) Beverage packaging, South America ​ ​ (3) ​ ​ 37 ​ ​ (4) ​ ​ 36 Other ​ ​ (105) ​ ​ (16) ​ ​ (213) ​ ​ (29) ​ ​ $ (112) ​ $ — ​ $ (227) ​ $ (14) ​ 2020 ​ Beverage Packaging, North and Central America ​ During the three and six months ended June 30, 2020, the company recorded charges of $1 million and $4 million, respectively, for individually insignificant activities in connection with previously announced closures in 2018 of certain beverage can and end manufacturing facilities and other activities. ​ Beverage Packaging, EMEA ​ During the three and six months ended June 30, 2020, the company recorded charges of $3 million and $6 million, respectively, for individually insignificant activities in connection with previously announced plant closures, restructuring and other activities. ​ Beverage Packaging, South America ​ Charges in the three and six months ended June 30, 2020, included $3 million and $4 million of expense, respectively, for individually insignificant activities. ​ Other ​ During the three months ended June 30, 2020, the company recorded the following amounts: ● A non-cash settlement loss of $97 million related to the purchase of non-participating group annuity contracts and lump-sum payments to settle the projected pension benefit obligations for certain of Ball’s U.S. defined pension plans, which triggered settlement accounting. The settlement loss primarily reflects the recognition of aggregate unamortized actuarial losses in these U.S. pension plans. ● Charges of $8 million for individually insignificant activities. ​ During the six months ended June 30, 2020, the company recorded the following amounts: ● A non-cash settlement loss of $97 million related to the purchase of non-participating group annuity contracts and lump-sum payments to settle the projected pension benefit obligations for certain of Ball’s U.S. defined pension plans, which triggered settlement accounting. The settlement loss primarily reflects the recognition in the second quarter of aggregate unamortized actuarial losses in these U.S. pension plans. ● A non-cash impairment charge of $62 million related to the goodwill of the new beverage packaging, other, operating segment. See Note 11 for further details. ● A non-cash charge of $23 million resulting from the current deterioration in the real estate market in China, which led the company to reduce the value of potential future consideration due as part of the sale of its China beverage packaging business. ● Charges of $15 million resulting from an adjustment to the selling price of the company’s steel food and aerosol business. ● A credit of $11 million related to the reversal of reserves against working capital recorded in the fourth quarter of 2019 in the new beverage packaging, other, segment as previously at-risk balances were subsequently collected. ● Charges of $6 million for long-term incentive and other compensation arrangements associated with the Rexam acquisition. ● Charges of $21 million for individually insignificant activities. ​ 2019 ​ Beverage Packaging, North and Central America ​ During the three and six months ended June 30, 2019, the company recorded charges of $5 million and $6 million, respectively, in connection with previously announced closures in 2018 of certain beverage can and end manufacturing facilities. ​ Beverage Packaging, EMEA ​ During the three and six months ended June 30, 2019, the company recorded charges of $13 million and $11 million, respectively, in connection with previously announced closures of certain beverage can and end manufacturing facilities and other activities. ​ Other charges in the three and six months ended June 30, 2019, included $3 million and $4 million, respectively, of expense for individually insignificant activities. ​ Beverage Packaging, South America ​ During the three and six months ended June 30, 2019, the company recorded a $56 million gain related to indirect tax gain contingencies in Brazil as these amounts were determined to be 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 six months ended June 30, 2019, the company recorded charges of $16 million composed of facility shutdown costs, asset impairment, accelerated depreciation and other costs related to restructuring activities. ​ Charges in the three and six months ended June 30, 2019, included $3 million and $4 million of expense, respectively, for individually insignificant activities. ​ Other ​ During the three months ended June 30, 2019, the company recorded the following amounts: ● Charges of $3 million for estimated employee severance costs and professional services associated with the planned sale of the China beverage packaging business, which closed in the fourth quarter of 2019. ● Charges of $3 million for long-term incentive and other compensation arrangements associated with the Rexam acquisition and integration. ● Charges of $10 million for individually insignificant activities. ​ During the six months ended June 30, 2019, the company recorded the following amounts: ● Charges of $16 million for estimated employee severance costs and professional services associated with the fourth quarter 2019 sale of the China beverage packaging business. ● Charges of $7 million for long-term incentive and other compensation arrangements associated with the Rexam acquisition and integration. ● Charges of $6 million for individually insignificant activities.

Supplemental Cash Flow Statemen

Supplemental Cash Flow Statement Disclosures	6 Months Ended
	Jun. 30, 2020
Supplemental Cash Flow Statement Disclosures
Cash and Cash Equivalents Disclosure [Text Block]	7. Supplemental Cash Flow Statement Disclosures ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ($ in millions) ​ 2020 2019 ​ ​ ​ ​ ​ ​ Beginning of period: ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ 1,798 $ 721 Current restricted cash (included in other current assets) ​ ​ 8 ​ 7 Total cash, cash equivalents and restricted cash ​ $ 1,806 $ 728 ​ ​ ​ ​ ​ ​ End of period: ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ 643 $ 764 Current restricted cash (included in other current assets) ​ ​ 10 ​ 9 Cash in assets held for sale (included in other current assets) ​ ​ — ​ 63 Total cash, cash equivalents and restricted cash ​ $ 653 $ 836 ​ 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 yet been made or obtained through finance leases. These noncash capital expenditures are excluded from the statement of cash flows and totaled approximately $300 million at June 30, 2020, and $224 million at December 31, 2019.

Receivables, Net

Receivables, Net	6 Months Ended
	Jun. 30, 2020
Receivables, Net
Receivables, Net	8. Receivables, Net ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ($ in millions) ​ 2020 2019 ​ ​ ​ ​ ​ ​ ​ Trade accounts receivable ​ $ 915 ​ $ 647 Unbilled receivables ​ ​ 541 ​ ​ 556 Less allowance for doubtful accounts ​ ​ (9) ​ ​ (17) Net trade accounts receivable ​ ​ 1,447 ​ ​ 1,186 Other receivables ​ ​ 363 ​ ​ 445 ​ ​ $ 1,810 ​ $ 1,631 ​ 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 June 30, 2020, and $1.4 billion at December 31, 2019. A total of $227 million and $230 million were available for sale under these programs as of June 30, 2020, and December 31, 2019, respectively. ​ Other receivables include income and sales tax receivables, related party receivables and other miscellaneous receivables.

Inventories, Net

Inventories, Net	6 Months Ended
	Jun. 30, 2020
Inventories, Net
Inventories, Net	9. Inventories, Net ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ($ in millions) 2020 2019 ​ ​ ​ ​ ​ ​ ​ Raw materials and supplies ​ $ 881 ​ $ 808 Work-in-process and finished goods ​ ​ 604 ​ ​ 548 Less: Inventory reserves ​ ​ (97) ​ ​ (82) ​ ​ $ 1,388 ​ $ 1,274 ​

Property, Plant and Equipment,

Property, Plant and Equipment, Net	6 Months Ended
	Jun. 30, 2020
Property, Plant and Equipment, Net.
Property, Plant and Equipment, Net	10. Property, Plant and Equipment, Net ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ($ in millions) 2020 2019 ​ ​ ​ ​ ​ ​ ​ Land ​ $ 153 ​ $ 153 Buildings ​ ​ 1,466 ​ ​ 1,433 Machinery and equipment ​ ​ 5,696 ​ ​ 5,513 Construction-in-progress ​ ​ 626 ​ ​ 434 ​ ​ ​ 7,941 ​ ​ 7,533 Accumulated depreciation ​ ​ (3,279) ​ ​ (3,063) ​ ​ $ 4,662 ​ $ 4,470 ​ Depreciation expense amounted to $126 million and $250 million for the three and six months ended June 30, 2020, respectively, and $123 million and $245 million for the three and six months ended June 30, 2019, respectively.

Goodwill

Goodwill	6 Months Ended
	Jun. 30, 2020
Goodwill and Intangible Assets, Net
Goodwill	11. Goodwill ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ($ in millions) ​ Beverage ​ Beverage ​ Beverage ​ Aerospace Other Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance at December 31, 2019 ​ $ 1,275 ​ $ 1,500 ​ $ 1,298 ​ $ 40 ​ $ 306 ​ $ 4,419 Goodwill impairment ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ (62) ​ ​ (62) Effects of currency exchange ​ ​ — ​ ​ (26) ​ ​ — ​ ​ — ​ ​ (17) ​ ​ (43) Balance at June 30, 2020 ​ $ 1,275 ​ $ 1,474 ​ $ 1,298 ​ $ 40 ​ $ 227 ​ $ 4,314 ​ Goodwill in the above table is presented net of accumulated impairment losses of $62 million as of June 30, 2020. ​ As discussed in Note 3, effective January 1, 2020, Ball changed how its former operating segments composed of beverage packaging operations located in Africa, Middle East and Asia (beverage packaging, AMEA) and beverage packaging operations located in Asia Pacific are managed and reported. These former operating segments had goodwill balances of $102 million and $27 million, respectively, as of December 31, 2019. As shown in the table above, goodwill by segment has been retrospectively adjusted to conform to the current year presentation. Using a relative fair value allocation approach, goodwill of $67 million was allocated to the beverage packaging, EMEA, reportable segment and $62 million of goodwill was allocated to the beverage packaging, other, operating segment. ​ In the first quarter of 2020, the company recorded a non-cash impairment charge of $62 million related to the goodwill associated with the new beverage packaging, other, reporting unit as the carrying amount of this reporting unit exceeded its fair value. The impairment review was triggered by the restructuring of the company’s reporting units as part of the aforementioned changes in segment management and internal reporting structure.

Intangible Assets, Net

Intangible Assets, Net	6 Months Ended
	Jun. 30, 2020
Goodwill and Intangible Assets, Net
Intangible Assets, Net	12. Intangible Assets, Net ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ($ in millions) 2020 2019 ​ ​ ​ ​ ​ ​ ​ Acquired Rexam customer relationships and other Rexam intangibles (net of accumulated amortization of $636 million at June 30, 2020, and $567 million at December 31, 2019) ​ $ 1,816 ​ $ 1,909 Capitalized software (net of accumulated amortization of $182 million at June 30, 2020, and $170 million at December 31, 2019) ​ ​ 66 ​ ​ 69 Other intangibles (net of accumulated amortization of $117 million at June 30, 2020, and $116 million at December 31, 2019) ​ ​ 20 ​ ​ 24 ​ ​ $ 1,902 ​ $ 2,002 ​ Total amortization expense of intangible assets amounted to $44 million and $89 million for the three and six months ended June 30, 2020, respectively, and $48 million and $96 million for the three and six months ended June 30, 2019, respectively.

Other Assets

Other Assets	6 Months Ended
	Jun. 30, 2020
Other Assets..
Other Assets.	13. Other Assets ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ($ in millions) 2020 2019 ​ ​ ​ ​ ​ ​ ​ Long-term deferred tax assets ​ $ 278 ​ $ 241 Long-term pension assets ​ ​ 419 ​ ​ 437 Investments in affiliates ​ ​ 295 ​ ​ 291 Right-of-use operating lease assets ​ ​ 248 ​ ​ 239 Other ​ ​ 482 ​ ​ 377 ​ ​ $ 1,722 ​ $ 1,585 ​ ​ ​ ​ In the first quarter of 2020, the shareholders of Ball Metalpack provided additional equity contributions and loans to Ball Metalpack, of which Ball's share was $30 million, which resulted in Ball recognizing previously unrecorded equity method losses associated with prior periods. These losses are presented in equity in results of affiliates, net of tax, in the company’s unaudited condensed consolidated statement of earnings. Ball is under no obligation to provide additional equity contributions or loans to Ball Metalpack.

Leases

Leases	6 Months Ended
	Jun. 30, 2020
Leases
Leases	14. Leases ​ The company enters into operating leases for buildings, warehouses, office equipment, production equipment, aircraft, land and other types of equipment. The company also enters into finance leases for certain plant equipment. ​ Supplemental balance sheet information related to the company’s leases follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ($ in millions) Balance Sheet Location ​ June 30, 2020 ​ December 31, 2019 ​ ​ ​ ​ ​ ​ ​ ​ Operating leases: ​ ​ ​ ​ ​ ​ ​ Operating lease ROU asset Other assets ​ $ 248 ​ $ 239 Current operating lease liabilities Other current liabilities ​ ​ 58 ​ ​ 58 Noncurrent operating lease liabilities Other liabilities ​ ​ 183 ​ ​ 181 Finance leases: ​ ​ ​ ​ ​ ​ ​ Finance lease ROU assets, net Property, plant and equipment, net ​ $ 8 ​ $ — Current finance lease liabilities Short-term debt and current portion of long-term debt ​ ​ 1 ​ ​ — Noncurrent finance lease liabilities Long-term debt ​ ​ 6 ​ ​ — ​

Debt

Debt	6 Months Ended
	Jun. 30, 2020
Debt
Debt	15. Debt ​ Long-term debt consisted of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ($ in millions) 2020 2019 ​ ​ ​ ​ ​ ​ ​ Senior Notes ​ ​ ​ ​ ​ ​ 4.375% due December 2020 ​ $ — ​ $ 1,000 3.50%, euro denominated, due December 2020 ​ ​ — ​ ​ 449 5.00% due March 2022 ​ ​ 750 ​ ​ 750 4.00% due November 2023 ​ ​ 1,000 ​ ​ 1,000 4.375%, euro denominated, due December 2023 ​ ​ 786 ​ ​ 785 0.875%, euro denominated, due March 2024 ​ ​ 843 ​ ​ 841 5.25% due July 2025 ​ ​ 1,000 ​ ​ 1,000 4.875% due March 2026 ​ ​ 750 ​ ​ 750 1.50%, euro denominated, due March 2027 ​ ​ 618 ​ ​ 617 Senior Credit Facility (at variable rates) ​ ​ ​ ​ ​ ​ Term A loan, due March 2024 ​ ​ 653 ​ ​ 653 U.S. dollar revolver due March 2024 ​ ​ 575 ​ ​ — Multi-currency revolver due March 2024 ​ ​ 225 ​ ​ — Other (including debt issuance costs) ​ ​ (38) ​ ​ (54) ​ ​ ​ 7,162 ​ ​ 7,791 Less: Current portion of long-term debt ​ ​ (4) ​ ​ (1,454) ​ ​ $ 7,158 ​ $ 6,337 ​ The company’s senior credit facilities include long-term multi-currency revolving facilities that mature in March 2024. The revolving facilities provide the company with up to the U.S. dollar equivalent of $1.75 billion. At June 30, 2020, taking into account outstanding letters of credit, $918 million was available under the company’s existing long-term, revolving credit facilities. In addition to these facilities, the company had approximately $930 million of short-term uncommitted credit facilities available at June 30, 2020, of which $519 million was outstanding and due on demand. At December 31, 2019, the company had $26 million outstanding under short-term uncommitted credit facilities. ​ In the first quarter of 2020, Ball redeemed the outstanding euro-denominated 3.50% senior notes due in 2020 in the amount of €400 million and the outstanding 4.375% senior notes due in 2020 in the amount of $1 billion. The company recorded debt extinguishment costs of $40 million related to this redemption in the first quarter of 2020. ​ The fair value of long-term debt was estimated to be $7.4 billion at June 30, 2020, and $8.3 billion at December 31, 2019. 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. ​ 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 of the company’s debt covenants requires the company to maintain a leverage ratio (as defined) of no greater than 4.5 times as of June 30, 2020. The company was in compliance with all loan agreements and debt covenants at June 30, 2020, and December 31, 2019, and has met all debt payment obligations. In August 2020, Ball amended certain of its credit agreements which, among other things, modified the financial covenant to require Ball to maintain a leverage ratio (as defined) of no greater than 5.0 times, which changes to 4.5 times as of December 31, 2022.

Taxes on Income

Taxes on Income	6 Months Ended
	Jun. 30, 2020
Taxes on Income
Taxes on Income	16. Taxes on Income ​ The company’s effective tax rate was 20.7 percent and 12.3 percent for the three and six months ended June 30, 2020, respectively. As compared to the statutory U.S. tax rate, the effective tax rate for the three and six months ended June 30, 2020, was reduced by 3.7 and 17.2 percentage points, respectively, for the benefit of share-based compensation, reduced by 11.2 and 9.4 percentage points, respectively, for federal tax credits, increased by 0.2 percentage points and reduced by 3.8 percentage points, respectively, for the equity in results of affiliates, increased by 10 percentage points, for the sixth months ended June 30, 2020, for the impact of the beverage packaging, other, goodwill impairment, increased by 8.4 and 9.2 percentage points, respectively, for the impact of revaluing certain deferred tax assets due to fluctuations in foreign currency exchange rates and increased by 4.2 and 0.5 percentage points, respectively, for foreign rate differences net of foreign withholding tax. ​

Employee Benefit Obligations

Employee Benefit Obligations	6 Months Ended
	Jun. 30, 2020
Employee Benefit Obligations
Employee Benefit Obligations	17. Employee Benefit Obligations ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ($ in millions) ​ 2020 2019 ​ ​ ​ ​ ​ ​ ​ Underfunded defined benefit pension liabilities ​ $ 1,034 ​ $ 918 Less: Current portion ​ ​ (24) ​ ​ (24) Long-term defined benefit pension liabilities ​ ​ 1,010 ​ ​ 894 Long-term retiree medical liabilities ​ ​ 162 ​ ​ 156 Deferred compensation plans ​ ​ 354 ​ ​ 362 Other ​ ​ 48 ​ ​ 74 ​ ​ $ 1,574 ​ $ 1,486 ​ Components of net periodic benefit cost associated with the company’s defined benefit pension plans were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended June 30, ​ ​ 2020 ​ 2019 ($ in millions) U.S. Foreign Total U.S. Foreign Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Ball-sponsored plans: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Service cost ​ $ 16 ​ $ 4 ​ $ 20 ​ $ 12 ​ $ 3 ​ $ 15 Interest cost ​ ​ 18 ​ ​ 15 ​ ​ 33 ​ ​ 25 ​ ​ 18 ​ ​ 43 Expected return on plan assets ​ ​ (31) ​ ​ (21) ​ ​ (52) ​ ​ (29) ​ ​ (27) ​ ​ (56) Amortization of prior service cost ​ ​ 1 ​ ​ — ​ ​ 1 ​ ​ — ​ ​ 1 ​ ​ 1 Recognized net actuarial loss ​ ​ 10 ​ ​ 2 ​ ​ 12 ​ ​ 5 ​ ​ 1 ​ ​ 6 Settlement losses ​ ​ 97 (a) ​ — ​ ​ 97 ​ ​ — ​ ​ — ​ ​ — Total net periodic benefit cost ​ $ 111 ​ $ — ​ $ 111 ​ $ 13 ​ $ (4) ​ $ 9 (a) Includes settlement losses related to the purchase of non-participating annuities and lump-sum payments which have been recorded in business consolidation and other activities. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Six Months Ended June 30, ​ ​ 2020 ​ 2019 ($ in millions) U.S. Foreign Total U.S. Foreign Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Ball-sponsored plans: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Service cost ​ $ 32 ​ $ 8 ​ $ 40 ​ $ 24 ​ $ 6 ​ $ 30 Interest cost ​ ​ 38 ​ ​ 29 ​ ​ 67 ​ ​ 50 ​ ​ 36 ​ ​ 86 Expected return on plan assets ​ ​ (62) ​ ​ (42) ​ ​ (104) ​ ​ (57) ​ ​ (55) ​ ​ (112) Amortization of prior service cost ​ ​ 1 ​ ​ 1 ​ ​ 2 ​ ​ — ​ ​ 2 ​ ​ 2 Recognized net actuarial loss ​ ​ 20 ​ ​ 3 ​ ​ 23 ​ ​ 11 ​ ​ 2 ​ ​ 13 Settlement losses ​ ​ 97 (a) ​ — ​ ​ 97 ​ ​ — ​ ​ — ​ ​ — Total net periodic benefit cost ​ $ 126 ​ $ (1) ​ $ 125 ​ $ 28 ​ $ (9) ​ $ 19 (a) Includes settlement losses related to the purchase of non-participating annuities and lump-sum payments which have been recorded in business consolidation and other activities. ​ Non-service pension income of $6 million and $12 million for the three and six months ended June 30, 2020, respectively, and income of $6 million and $11 million for the three and six months ended June 30, 2019, respectively, is included in selling, general, and administrative (SG&A) expenses. ​ Contributions to the company’s defined benefit pension plans were $11 million for the first six months of 2020 compared to $73 million for the first six months of 2019, and such contributions are expected to be approximately $90 million for the full year of 2020. This estimate may change based on changes to the U.S. Pension Protection Act, the effects of the Coronavirus Aid, Relief, and Economic Security (CARES) Act and the actual returns achieved on plan assets, among other factors. ​ In April 2020, Ball completed the purchase of non-participating group annuity contracts and lump-sum payments for a portion of the company’s U.S. pension benefit obligations totaling approximately $245 million. The purchase triggered settlement accounting and resulted in the recognition of settlement losses recorded in business consolidation and other activities of $97 million. The company’s pension obligations were remeasured for the impacted plans.

Equity and Accumulated Other Co

Equity and Accumulated Other Comprehensive Earnings	6 Months Ended
	Jun. 30, 2020
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: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Common Stock ​ Treasury Stock ​ ​ ​ ​ Accumulated Other ​ ​ ​ ​ ​ ​ ​ ​ Number of ​ ​ ​ Number of ​ ​ ​ Retained ​ Comprehensive ​ Noncontrolling ​ Total ($ in millions; share amounts in thousands) Shares Amount Shares Amount Earnings Earnings (Loss) Interest Equity ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance at March 31, 2020 ​ 678,128 ​ $ 1,151 ​ (352,209) ​ $ (3,159) ​ $ 5,777 ​ $ (1,139) ​ $ 70 ​ $ 2,700 Net earnings ​ — ​ ​ — ​ — ​ ​ — ​ ​ 94 ​ ​ — ​ ​ (2) ​ ​ 92 Other comprehensive earnings (loss), net of tax ​ — ​ ​ — ​ — ​ ​ — ​ ​ — ​ ​ 71 ​ ​ — ​ ​ 71 Common dividends, net of tax benefits ​ — ​ ​ — ​ — ​ ​ — ​ ​ (50) ​ ​ — ​ ​ — ​ ​ (50) Treasury stock purchases ​ — ​ ​ — ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Treasury shares reissued ​ — ​ ​ — ​ 106 ​ ​ 7 ​ ​ — ​ ​ — ​ ​ — ​ ​ 7 Shares issued and stock compensation for stock options and other stock plans, net of shares exchanged ​ 356 ​ ​ 2 ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 2 Other activity ​ — ​ ​ — ​ 1 ​ ​ 7 ​ ​ 1 ​ ​ — ​ ​ — ​ ​ 8 Balance at June 30, 2020 ​ 678,484 ​ $ 1,153 ​ (352,102) ​ $ (3,145) ​ $ 5,822 ​ $ (1,068) ​ $ 68 ​ $ 2,830 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Common Stock ​ Treasury Stock ​ ​ ​ ​ Accumulated Other ​ ​ ​ ​ ​ ​ ​ ​ Number of ​ ​ ​ Number of ​ ​ ​ Retained ​ Comprehensive ​ Noncontrolling ​ Total ($ in millions; share amounts in thousands) Shares Amount Shares Amount Earnings Earnings (Loss) Interest Equity ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance at March 31, 2019 ​ 674,692 ​ $ 1,154 ​ (340,223) ​ $ (2,323) ​ $ 5,504 ​ $ (789) ​ $ 103 ​ $ 3,649 Net earnings ​ — ​ ​ — ​ — ​ ​ — ​ ​ 197 ​ ​ — ​ ​ — ​ ​ 197 Other comprehensive earnings (loss), net of tax ​ — ​ ​ — ​ — ​ ​ — ​ ​ — ​ ​ (8) ​ ​ — ​ ​ (8) Common dividends, net of tax benefits ​ — ​ ​ — ​ — ​ ​ — ​ ​ (50) ​ ​ — ​ ​ — ​ ​ (50) Treasury stock purchases ​ — ​ ​ — ​ (3,540) ​ ​ (251) ​ ​ — ​ ​ — ​ ​ — ​ ​ (251) Treasury shares reissued ​ — ​ ​ — ​ 140 ​ ​ 7 ​ ​ — ​ ​ — ​ ​ — ​ ​ 7 Shares issued and stock compensation for stock options and other stock plans, net of shares exchanged ​ 771 ​ ​ 18 ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 18 Other activity ​ — ​ ​ — ​ — ​ ​ 1 ​ ​ — ​ ​ — ​ ​ 1 ​ ​ 2 Balance at June 30, 2019 ​ 675,463 ​ $ 1,172 ​ (343,623) ​ $ (2,566) ​ $ 5,651 ​ $ (797) ​ $ 104 ​ $ 3,564 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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, 2019 ​ 676,302 ​ $ 1,178 ​ (351,667) ​ $ (3,122) ​ $ 5,803 ​ $ (910) ​ $ 70 ​ $ 3,019 Net earnings (loss) ​ — ​ ​ — ​ — ​ ​ — ​ ​ 117 ​ ​ — ​ ​ (2) ​ ​ 115 Other comprehensive earnings (loss), net of tax ​ — ​ ​ — ​ — ​ ​ — ​ ​ — ​ ​ (158) ​ ​ — ​ ​ (158) Common dividends, net of tax benefits ​ — ​ ​ — ​ — ​ ​ — ​ ​ (99) ​ ​ — ​ ​ — ​ ​ (99) Treasury stock purchases ​ — ​ ​ — ​ (774) ​ ​ (54) ​ ​ — ​ ​ — ​ ​ — ​ ​ (54) Treasury shares reissued ​ — ​ ​ — ​ 338 ​ ​ 14 ​ ​ — ​ ​ — ​ ​ — ​ ​ 14 Shares issued and stock compensation for stock options and other stock plans, net of shares exchanged ​ 2,182 ​ ​ (25) ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ (25) Other activity ​ — ​ ​ — ​ 1 ​ ​ 17 ​ ​ 1 ​ ​ — ​ ​ — ​ ​ 18 Balance at June 30, 2020 ​ 678,484 ​ $ 1,153 ​ (352,102) ​ $ (3,145) ​ $ 5,822 ​ $ (1,068) ​ $ 68 ​ $ 2,830 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 ​ — ​ ​ — ​ — ​ ​ — ​ ​ 314 ​ ​ — ​ ​ — ​ ​ 314 Other comprehensive earnings (loss), net of tax ​ — ​ ​ — ​ — ​ ​ — ​ ​ — ​ ​ 117 ​ ​ — ​ ​ 117 Reclassification of stranded tax effects ​ — ​ ​ — ​ — ​ ​ — ​ ​ 79 ​ ​ (79) ​ ​ — ​ ​ — Common dividends, net of tax benefits ​ — ​ ​ ​ ​ — ​ ​ — ​ ​ (84) ​ ​ — ​ ​ — ​ ​ (84) Treasury stock purchases ​ — ​ ​ — ​ (6,174) ​ ​ (380) ​ ​ — ​ ​ — ​ ​ — ​ ​ (380) Treasury shares reissued ​ — ​ ​ — ​ 530 ​ ​ 12 ​ ​ — ​ ​ — ​ ​ — ​ ​ 12 Shares issued and stock compensation for stock options and other stock plans, net of shares exchanged ​ 2,226 ​ ​ 15 ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 15 Other activity ​ — ​ ​ — ​ — ​ ​ 7 ​ ​ 1 ​ ​ — ​ ​ — ​ ​ 8 Balance at June 30, 2019 ​ 675,463 ​ $ 1,172 ​ (343,623) ​ $ (2,566) ​ $ 5,651 ​ $ (797) ​ $ 104 ​ $ 3,564 ​ 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, 2019 ​ $ (340) ​ $ (558) ​ $ (12) ​ $ (910) Other comprehensive earnings (loss) before reclassifications ​ ​ (163) ​ ​ (104) ​ ​ 18 ​ ​ (249) Amounts reclassified from accumulated other comprehensive earnings (loss) into earnings ​ ​ — ​ ​ 94 ​ ​ (3) ​ ​ 91 Balance at June 30, 2020 ​ $ (503) ​ $ (568) ​ $ 3 ​ $ (1,068) ​ The following table provides additional details of the amounts recognized into net earnings from accumulated other comprehensive earnings (loss): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended June 30, ​ Six Months Ended June 30, ($ in millions) 2020 2019 2020 2019 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gains (losses) on cash flow hedges: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commodity contracts recorded in net sales ​ $ 37 ​ $ 4 ​ $ 37 ​ $ 6 Commodity contracts recorded in cost of sales ​ ​ (39) ​ ​ (11) ​ ​ (35) ​ ​ (16) Currency exchange contracts recorded in selling, general and administrative ​ ​ (11) ​ ​ (1) ​ ​ 7 ​ ​ (1) Cross-currency swaps recorded in selling, general and administrative ​ ​ — ​ ​ (14) ​ ​ (1) ​ ​ 9 Interest rate contracts recorded in interest expense ​ ​ (2) ​ ​ 4 ​ ​ (3) ​ ​ 8 Total before tax effect ​ ​ (15) ​ ​ (18) ​ ​ 5 ​ ​ 6 Tax benefit (expense) on amounts reclassified into earnings ​ ​ 3 ​ ​ 3 ​ ​ (2) ​ ​ (3) Recognized gain (loss), net of tax ​ $ (12) ​ $ (15) ​ $ 3 ​ $ 3 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amortization of pension and other postretirement benefits: (a) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Prior service income (expense) ​ $ (1) ​ $ — ​ $ (1) ​ $ — Actuarial gains (losses) ​ ​ (9) ​ $ (5) ​ ​ (20) ​ $ (10) Effect of pension settlements ​ ​ (104) ​ ​ — ​ ​ (104) ​ ​ — Total before tax effect ​ ​ (114) ​ ​ (5) ​ ​ (125) ​ ​ (10) Tax benefit (expense) on amounts reclassified into earnings ​ ​ 28 ​ ​ 2 ​ ​ 31 ​ ​ 3 Recognized gain (loss), net of tax ​ $ (86) ​ $ (3) ​ $ (94) ​ $ (7) (a) These components include the computation of net periodic benefit cost detailed in Note 17. . 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 advanced the $250 million in May 2019, and received 3.4 million shares, which represented approximately 85 percent of the total shares calculated using the closing price on that date. The company received an additional 0.1 million shares in June 2019. The average price paid per share under this agreement as of June 30, 2019, was $62.33.

Earnings and Dividends Per Shar

Earnings and Dividends Per Share	6 Months Ended
	Jun. 30, 2020
Earnings and Dividends Per Share
Earnings and Dividends Per Share	19. Earnings and Dividends Per Share ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended June 30, ​ Six Months Ended June 30, ($ in millions, except per share amounts; shares in thousands) 2020 2019 2020 2019 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net earnings attributable to Ball Corporation ​ $ 94 ​ $ 197 ​ $ 117 ​ $ 314 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Basic weighted average common shares ​ ​ 325,994 ​ ​ 332,825 ​ ​ 325,670 ​ ​ 333,528 Effect of dilutive securities ​ ​ 5,723 ​ ​ 8,812 ​ ​ 6,214 ​ ​ 8,705 Weighted average shares applicable to diluted earnings per share ​ ​ 331,717 ​ ​ 341,637 ​ ​ 331,884 ​ ​ 342,233 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Per basic share ​ $ 0.29 ​ $ 0.59 ​ $ 0.36 ​ $ 0.94 Per diluted share ​ $ 0.28 ​ $ 0.58 ​ $ 0.35 ​ $ 0.92 ​ Certain outstanding options are excluded from the diluted earnings per share calculation because they are anti-dilutive (i.e., their assumed conversion into common stock would increase rather than decrease earnings per share). The options excluded totaled 1 million for the three and six months ended June 30, 2020, and the six months ended June 30, 2019. There were no anti-dilutive options for the three months ended June 30, 2019. ​ The company declared and paid dividends of $0.15 per share and $0.30 per share in the three and six months ended June 30, 2020, respectively, and $0.15 per share and $0.25 per share in the three and six months ended June 30, 2019, respectively.

Financial Instruments and Risk

Financial Instruments and Risk Management	6 Months Ended
	Jun. 30, 2020
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 June 30, 2020, the company had aluminum contracts limiting its aluminum exposure with notional amounts of approximately $1.5 billion, of which $1.4 billion received hedge accounting treatment. Cash flow hedges relate to forecasted transactions that will occur within the next four years . Included in shareholders’ equity at June 30, 2020, within accumulated other comprehensive earnings (loss), is a net after-tax loss of $38 million associated with these contracts. A net loss of $39 million is expected to be recognized in earnings during the next 12 months, the majority of which 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 June 30, 2020, 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. Approximately $1 million of net after-tax loss related to these contracts is included in accumulated other comprehensive earnings at June 30, 2020, and is expected to be recognized in earnings during the next 12 months ​ 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 June 30, 2020, the company had outstanding exchange rate forward and option contracts with notional amounts totaling approximately $2.8 billion. Approximately $44 million of net after-tax gain related to these contracts is included in accumulated other comprehensive earnings at June 30, 2020, of which a net gain of $19 million is expected to be recognized in earnings during the next 12 months. The contracts outstanding at June 30, 2020, 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. The company fully settled this contract during 2019. Approximately $2 million of net after-tax loss related to this contract is included in accumulated other comprehensive earnings at June 30, 2020, and is expected to be recognized in earnings during the next 12 months. ​ 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 2021 and have a combined notional value of 2.8 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 June 30, 2020, and December 31, 2019, the aggregate fair value of all derivative instruments with credit-risk-related contingent features that were in a net liability position was $54 million and $35 million, respectively, and no collateral was required to be posted. ​ Fair Value Measurements ​ Ball has classified all applicable financial derivative assets and liabilities as Level 2 within the fair value hierarchy as of June 30, 2020, and December 31, 2019, and presented those values in the tables below. The company’s assessment of the significance of a particular input to the fair value measurement requires judgment and may affect the valuation of fair value assets and liabilities and their placement within the fair value hierarchy levels. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2020 ($ in millions) Balance Sheet Location Derivatives Derivatives not Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commodity contracts ​ ​ $ 26 ​ $ — ​ $ 26 Foreign currency contracts ​ ​ ​ — ​ ​ 11 ​ ​ 11 Other contracts ​ ​ ​ — ​ ​ 4 ​ ​ 4 Total current derivative contracts Other current assets ​ $ 26 ​ $ 15 ​ $ 41 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commodity contracts ​ ​ $ 4 ​ $ — ​ $ 4 Foreign currency contracts ​ ​ ​ 68 ​ ​ 1 ​ ​ 69 Total noncurrent derivative contracts Other noncurrent assets ​ $ 72 ​ $ 1 ​ $ 73 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commodity contracts ​ ​ $ 66 ​ $ 1 ​ $ 67 Foreign currency contracts ​ ​ ​ — ​ ​ 17 ​ ​ 17 Other contracts ​ ​ ​ 2 ​ ​ 3 ​ ​ 5 Total current derivative contracts Other current liabilities ​ $ 68 ​ $ 21 ​ $ 89 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commodity contracts ​ ​ $ 4 ​ $ — ​ $ 4 Foreign currency contracts ​ ​ ​ — ​ ​ 1 ​ ​ 1 Total noncurrent derivative contracts Other noncurrent liabilities ​ $ 4 ​ $ 1 ​ $ 5 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2019 ​ ​ ​ Derivatives Derivatives not Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commodity contracts ​ ​ $ 7 ​ $ 1 ​ $ 8 Foreign currency contracts ​ ​ ​ 4 ​ ​ 43 ​ ​ 47 Other contracts ​ ​ ​ 2 ​ ​ — ​ ​ 2 Total current derivative contracts Other current assets ​ $ 13 ​ $ 44 ​ $ 57 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Foreign currency contracts ​ ​ $ 15 ​ $ — ​ $ 15 Other contracts ​ ​ ​ 1 ​ ​ — ​ ​ 1 Total noncurrent derivative contracts Other noncurrent assets ​ $ 16 ​ $ — ​ $ 16 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commodity contracts ​ ​ $ 26 ​ $ 1 ​ $ 27 Foreign currency contracts ​ ​ ​ — ​ ​ 18 ​ ​ 18 Other contracts ​ ​ ​ — ​ ​ 19 ​ ​ 19 Total current derivative contracts Other current liabilities ​ $ 26 ​ $ 38 ​ $ 64 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commodity contracts ​ ​ $ 1 ​ $ — ​ $ 1 Total noncurrent derivative contracts Other noncurrent liabilities ​ $ 1 ​ $ — ​ $ 1 ​ 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, from a reliable observable market source or from third-party software. 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. The present value discounting factor is based on the comparable time period LIBOR rate or 12-month LIBOR. Ball performs validations of the company’s internally derived fair values reported for the company’s financial instruments on a quarterly basis utilizing counterparty valuation statements. The company additionally evaluates counterparty creditworthiness and, as of June 30, 2020, has not identified any circumstances requiring the reported values of the company’s financial instruments 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 June 30, ​ ​ ​ ​ ​ 2020 ​ 2019 ​ ($ 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 ​ $ 37 ​ $ — ​ $ 4 ​ $ — ​ Commodity contracts - manage exposure to supplier pricing ​ Cost of sales ​ ​ (39) ​ ​ 10 ​ ​ (11) ​ ​ 2 ​ Interest rate contracts - manage exposure for outstanding debt ​ Interest expense ​ ​ (2) ​ ​ (1) ​ ​ 4 ​ ​ — ​ Foreign currency contracts - manage currency exposure ​ Selling, general and administrative ​ ​ (11) ​ ​ 18 ​ ​ (1) ​ ​ (15) ​ Cross-currency swaps - manage intercompany currency exposure ​ Selling, general and administrative ​ ​ — ​ ​ — ​ ​ (14) ​ ​ — ​ Equity contracts ​ Selling, general and administrative ​ ​ — ​ ​ 12 ​ ​ — ​ ​ 33 ​ Total ​ ​ ​ $ (15) ​ $ 39 ​ $ (18) ​ $ 20 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Six Months Ended June 30, ​ ​ ​ ​ ​ 2020 ​ 2019 ​ ($ 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 ​ $ 37 ​ $ 1 ​ $ 6 ​ $ — ​ Commodity contracts - manage exposure to supplier pricing ​ Cost of sales ​ ​ (35) ​ ​ 9 ​ ​ (16) ​ ​ 3 ​ Interest rate contracts - manage exposure for outstanding debt ​ Interest expense ​ ​ (3) ​ ​ — ​ ​ 8 ​ ​ — ​ Foreign currency contracts - manage currency exposure ​ Selling, general and administrative ​ ​ 7 ​ ​ 40 ​ ​ (1) ​ ​ 43 ​ Cross-currency swaps - manage intercompany currency exposure ​ Selling, general and administrative ​ ​ (1) ​ ​ — ​ ​ 9 ​ ​ — ​ Equity contracts ​ Selling, general and administrative ​ ​ — ​ ​ 10 ​ ​ — ​ ​ 63 ​ Total ​ ​ ​ $ 5 ​ $ 60 ​ $ 6 ​ $ 109 ​ ​ The changes in accumulated other comprehensive earnings (loss) for derivatives designated as hedges were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended June 30, ​ Six Months Ended June 30, ($ in millions) 2020 2019 2020 2019 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amounts reclassified into earnings: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commodity contracts ​ $ 2 ​ $ 7 ​ $ (2) ​ $ 10 Cross-currency swap contracts ​ ​ — ​ ​ 14 ​ ​ 1 ​ ​ (9) Interest rate contracts ​ ​ 2 ​ ​ (4) ​ ​ 3 ​ ​ (8) Currency exchange contracts ​ ​ 11 ​ ​ 1 ​ ​ (7) ​ ​ 1 Change in fair value of cash flow hedges: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commodity contracts ​ ​ 1 ​ ​ (19) ​ ​ (29) ​ ​ (5) Interest rate contracts ​ ​ (2) ​ ​ — ​ ​ (4) ​ ​ — Cross-currency swap contracts ​ ​ — ​ ​ (3) ​ ​ 1 ​ ​ 40 Currency exchange contracts ​ ​ (3) ​ ​ 6 ​ ​ 55 ​ ​ 4 Foreign currency and tax impacts ​ ​ (1) ​ ​ 1 ​ ​ (3) ​ ​ (8) Stranded tax effects reclassified into retained earnings: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commodity contracts ​ ​ — ​ ​ — ​ ​ — ​ ​ 2 Cross-currency swap contracts ​ ​ — ​ ​ — ​ ​ — ​ ​ (5) ​ ​ $ 10 ​ $ 3 ​ $ 15 ​ $ 22 ​

Contingencies

Contingencies	6 Months Ended
	Jun. 30, 2020
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, the company has 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 June 30, 2020. ​ 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 at this time, the company does not believe that this matter will have a material adverse effect upon its liquidity, results of operations or financial condition. ​ 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. Crown filed its appeal brief on February 4, 2020, BMBCC’s reply brief was filed on May 5, 2020, and Crown’s reply brief was filed on June 30, 2020. Based on the information available at the present time, the company does not believe that this matter will have a material adverse effect upon its liquidity, results of operations or financial condition. ​ 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 at this time, the company does not believe that this matter will have a material adverse effect upon its liquidity, results of operations or financial condition. ​ 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 were determined to be estimable and realizable, the company recorded $57 million of prior year collections in business consolidation and other activities within the company’s 2019 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	6 Months Ended
	Jun. 30, 2020
Indemnifications and Guarantees
Indemnifications and Guarantees	22. Indemnifications and Guarantees ​ General Guarantees ​ The company or its appropriate consolidated direct or indirect subsidiaries, including Rexam and its subsidiaries, have made certain indemnities, commitments and guarantees under which the specified entity may be required to make payments in relation to certain transactions. 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, construction contract, renewable energy purchase 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 combined summarized financial information of the issuer of the company’s senior notes and the subsidiaries that guarantee the notes (the obligor group) is presented within Item 2 of this report.

Accounting Pronouncements (Poli

Accounting Pronouncements (Policies)	6 Months Ended
	Jun. 30, 2020
Accounting Pronouncements
Recently Adopted Accounting Standards	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 was applied prospectively on January 1, 2020, and did not have a material effect on the company’s unaudited condensed 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 is 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. Ball adopted this guidance and all related amendments on January 1, 2020, applying the modified retrospective method, and this adoption did not have a material effect on the company’s unaudited condensed consolidated financial statements.
New Accounting Guidance	Income Tax Simplification ​ In December 2019, accounting guidance was issued to simplify the accounting for income taxes. The guidance is effective for Ball on January 1, 2021, and the company is currently assessing the impact that the adoption of this new guidance will have on its consolidated financial statements.

Business Segment Information (T

Business Segment Information (Tables)	6 Months Ended
	Jun. 30, 2020
Business Segment Information
Summary of business by segment	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended June 30, ​ Six Months Ended June 30, ($ in millions) 2020 2019 2020 2019 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net sales ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Beverage packaging, North and Central America ​ $ 1,267 ​ $ 1,286 ​ $ 2,448 ​ $ 2,417 Beverage packaging, EMEA ​ ​ 699 ​ ​ 768 ​ ​ 1,368 ​ ​ 1,452 Beverage packaging, South America ​ ​ 329 ​ ​ 377 ​ ​ 734 ​ ​ 818 Aerospace ​ ​ 438 ​ ​ 379 ​ ​ 870 ​ ​ 707 Reportable segment sales ​ ​ 2,733 ​ ​ 2,810 ​ ​ 5,420 ​ ​ 5,394 Other ​ ​ 68 ​ ​ 207 ​ ​ 166 ​ ​ 408 Net sales ​ $ 2,801 ​ $ 3,017 ​ $ 5,586 ​ $ 5,802 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Comparable operating earnings ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Beverage packaging, North and Central America ​ $ 189 ​ $ 141 ​ $ 335 ​ $ 259 Beverage packaging, EMEA ​ ​ 63 ​ ​ 98 ​ ​ 131 ​ ​ 172 Beverage packaging, South America ​ ​ 46 ​ ​ 65 ​ ​ 109 ​ ​ 133 Aerospace ​ ​ 30 ​ ​ 38 ​ ​ 70 ​ ​ 68 Reportable segment comparable operating earnings ​ ​ 328 ​ ​ 342 ​ ​ 645 ​ ​ 632 Reconciling items ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other (a) ​ ​ (1) ​ ​ 5 ​ ​ (11) ​ ​ (10) Business consolidation and other activities ​ ​ (112) ​ ​ — ​ ​ (227) ​ ​ (14) Amortization of acquired Rexam intangibles ​ ​ (37) ​ ​ (40) ​ ​ (74) ​ ​ (80) Earnings before interest and taxes ​ ​ 178 ​ ​ 307 ​ ​ 333 ​ ​ 528 Interest expense ​ ​ (67) ​ ​ (81) ​ ​ (138) ​ ​ (158) Debt refinancing and other costs ​ ​ — ​ ​ — ​ ​ (40) ​ ​ (4) Total interest expense ​ ​ (67) ​ ​ (81) ​ ​ (178) ​ ​ (162) Earnings before taxes ​ $ 111 ​ $ 226 ​ $ 155 ​ $ 366 (a) Includes undistributed corporate expenses, net, of $6 million and $15 million for the three months ended June 30, 2020 and 2019, respectively, and $20 million and $38 million for the six months ended June 30, 2020 and 2019, respectively. ​

Revenue from Contracts With C_2

Revenue from Contracts With Customers (Tables)	6 Months Ended
	Jun. 30, 2020
Revenue from Contract with Customer
Schedule of the disaggregation of revenue by timing of transfer of control	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended June 30, 2020 ​ Six Months Ended June 30, 2020 ($ in millions) ​ Point in Time ​ Over Time ​ Total Point in Time ​ Over Time ​ Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total net sales ​ $ 531 ​ $ 2,270 ​ $ 2,801 ​ $ 1,034 ​ $ 4,552 ​ $ 5,586 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended June 30, 2019 ​ Six Months Ended June 30, 2019 ($ in millions) ​ Point in Time ​ Over Time ​ Total Point in Time ​ Over Time ​ Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total net sales ​ $ 547 ​ $ 2,470 ​ $ 3,017 ​ $ 1,104 ​ $ 4,698 ​ $ 5,802
Schedule of balances of contract liabilities	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Contract ​ Contract ​ ​ Liabilities ​ Liabilities ($ in millions) (Current) ​ (Noncurrent) ​ ​ ​ ​ ​ ​ ​ Balance at December 31, 2019 ​ ​ 87 ​ ​ 9 Increase (decrease) ​ ​ (11) ​ ​ — Balance at June 30, 2020 ​ $ 76 ​ $ 9 ​ ​ ​ ​ ​ ​ ​
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 June 30, 2020 ​ $ 1,180 ​ $ 814 ​ $ 1,994

Business Consolidation and Ot_2

Business Consolidation and Other Activities (Tables)	6 Months Ended
	Jun. 30, 2020
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 June 30, ​ Six Months Ended June 30, ($ in millions) 2020 2019 2020 2019 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Beverage packaging, North and Central America ​ $ (1) ​ $ (5) ​ $ (4) ​ $ (6) Beverage packaging, EMEA ​ ​ (3) ​ ​ (16) ​ ​ (6) ​ ​ (15) Beverage packaging, South America ​ ​ (3) ​ ​ 37 ​ ​ (4) ​ ​ 36 Other ​ ​ (105) ​ ​ (16) ​ ​ (213) ​ ​ (29) ​ ​ $ (112) ​ $ — ​ $ (227) ​ $ (14)

Supplemental Cash Flow Statem_2

Supplemental Cash Flow Statement Disclosures (Tables)	6 Months Ended
	Jun. 30, 2020
Supplemental Cash Flow Statement Disclosures
Schedule of cash, cash equivalents and restricted cash	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ($ in millions) ​ 2020 2019 ​ ​ ​ ​ ​ ​ Beginning of period: ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ 1,798 $ 721 Current restricted cash (included in other current assets) ​ ​ 8 ​ 7 Total cash, cash equivalents and restricted cash ​ $ 1,806 $ 728 ​ ​ ​ ​ ​ ​ End of period: ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ 643 $ 764 Current restricted cash (included in other current assets) ​ ​ 10 ​ 9 Cash in assets held for sale (included in other current assets) ​ ​ — ​ 63 Total cash, cash equivalents and restricted cash ​ $ 653 $ 836

Receivables, Net (Tables)

Receivables, Net (Tables)	6 Months Ended
	Jun. 30, 2020
Receivables, Net
Schedule of receivables	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ($ in millions) ​ 2020 2019 ​ ​ ​ ​ ​ ​ ​ Trade accounts receivable ​ $ 915 ​ $ 647 Unbilled receivables ​ ​ 541 ​ ​ 556 Less allowance for doubtful accounts ​ ​ (9) ​ ​ (17) Net trade accounts receivable ​ ​ 1,447 ​ ​ 1,186 Other receivables ​ ​ 363 ​ ​ 445 ​ ​ $ 1,810 ​ $ 1,631

Inventories, Net (Tables)

Inventories, Net (Tables)	6 Months Ended
	Jun. 30, 2020
Inventories, Net
Schedule of inventories	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ($ in millions) 2020 2019 ​ ​ ​ ​ ​ ​ ​ Raw materials and supplies ​ $ 881 ​ $ 808 Work-in-process and finished goods ​ ​ 604 ​ ​ 548 Less: Inventory reserves ​ ​ (97) ​ ​ (82) ​ ​ $ 1,388 ​ $ 1,274

Property, Plant and Equipment_2

Property, Plant and Equipment, Net (Tables)	6 Months Ended
	Jun. 30, 2020
Property, Plant and Equipment, Net.
Schedule of property, plant and equipment	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ($ in millions) 2020 2019 ​ ​ ​ ​ ​ ​ ​ Land ​ $ 153 ​ $ 153 Buildings ​ ​ 1,466 ​ ​ 1,433 Machinery and equipment ​ ​ 5,696 ​ ​ 5,513 Construction-in-progress ​ ​ 626 ​ ​ 434 ​ ​ ​ 7,941 ​ ​ 7,533 Accumulated depreciation ​ ​ (3,279) ​ ​ (3,063) ​ ​ $ 4,662 ​ $ 4,470

Goodwill (Tables)

Goodwill (Tables)	6 Months Ended
	Jun. 30, 2020
Goodwill and Intangible Assets, Net
Schedule of goodwill	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ($ in millions) ​ Beverage ​ Beverage ​ Beverage ​ Aerospace Other Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance at December 31, 2019 ​ $ 1,275 ​ $ 1,500 ​ $ 1,298 ​ $ 40 ​ $ 306 ​ $ 4,419 Goodwill impairment ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ (62) ​ ​ (62) Effects of currency exchange ​ ​ — ​ ​ (26) ​ ​ — ​ ​ — ​ ​ (17) ​ ​ (43) Balance at June 30, 2020 ​ $ 1,275 ​ $ 1,474 ​ $ 1,298 ​ $ 40 ​ $ 227 ​ $ 4,314

Intangible Assets, Net (Tables)

Intangible Assets, Net (Tables)	6 Months Ended
	Jun. 30, 2020
Goodwill and Intangible Assets, Net
Schedule of Finite-Lived Intangible Assets	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ($ in millions) 2020 2019 ​ ​ ​ ​ ​ ​ ​ Acquired Rexam customer relationships and other Rexam intangibles (net of accumulated amortization of $636 million at June 30, 2020, and $567 million at December 31, 2019) ​ $ 1,816 ​ $ 1,909 Capitalized software (net of accumulated amortization of $182 million at June 30, 2020, and $170 million at December 31, 2019) ​ ​ 66 ​ ​ 69 Other intangibles (net of accumulated amortization of $117 million at June 30, 2020, and $116 million at December 31, 2019) ​ ​ 20 ​ ​ 24 ​ ​ $ 1,902 ​ $ 2,002

Other Assets (Tables)

Other Assets (Tables)	6 Months Ended
	Jun. 30, 2020
Other Assets..
Schedule of other assets	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ($ in millions) 2020 2019 ​ ​ ​ ​ ​ ​ ​ Long-term deferred tax assets ​ $ 278 ​ $ 241 Long-term pension assets ​ ​ 419 ​ ​ 437 Investments in affiliates ​ ​ 295 ​ ​ 291 Right-of-use operating lease assets ​ ​ 248 ​ ​ 239 Other ​ ​ 482 ​ ​ 377 ​ ​ $ 1,722 ​ $ 1,585

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2020
Leases
Schedule of supplemental balance sheet information related to leases	​ ​ ​ ​ ​ ​ ​ ​ ​ ($ in millions) Balance Sheet Location ​ June 30, 2020 ​ December 31, 2019 ​ ​ ​ ​ ​ ​ ​ ​ Operating leases: ​ ​ ​ ​ ​ ​ ​ Operating lease ROU asset Other assets ​ $ 248 ​ $ 239 Current operating lease liabilities Other current liabilities ​ ​ 58 ​ ​ 58 Noncurrent operating lease liabilities Other liabilities ​ ​ 183 ​ ​ 181 Finance leases: ​ ​ ​ ​ ​ ​ ​ Finance lease ROU assets, net Property, plant and equipment, net ​ $ 8 ​ $ — Current finance lease liabilities Short-term debt and current portion of long-term debt ​ ​ 1 ​ ​ — Noncurrent finance lease liabilities Long-term debt ​ ​ 6 ​ ​ —

Debt (Tables)

Debt (Tables)	6 Months Ended
	Jun. 30, 2020
Debt
Schedule of long-term debt	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ($ in millions) 2020 2019 ​ ​ ​ ​ ​ ​ ​ Senior Notes ​ ​ ​ ​ ​ ​ 4.375% due December 2020 ​ $ — ​ $ 1,000 3.50%, euro denominated, due December 2020 ​ ​ — ​ ​ 449 5.00% due March 2022 ​ ​ 750 ​ ​ 750 4.00% due November 2023 ​ ​ 1,000 ​ ​ 1,000 4.375%, euro denominated, due December 2023 ​ ​ 786 ​ ​ 785 0.875%, euro denominated, due March 2024 ​ ​ 843 ​ ​ 841 5.25% due July 2025 ​ ​ 1,000 ​ ​ 1,000 4.875% due March 2026 ​ ​ 750 ​ ​ 750 1.50%, euro denominated, due March 2027 ​ ​ 618 ​ ​ 617 Senior Credit Facility (at variable rates) ​ ​ ​ ​ ​ ​ Term A loan, due March 2024 ​ ​ 653 ​ ​ 653 U.S. dollar revolver due March 2024 ​ ​ 575 ​ ​ — Multi-currency revolver due March 2024 ​ ​ 225 ​ ​ — Other (including debt issuance costs) ​ ​ (38) ​ ​ (54) ​ ​ ​ 7,162 ​ ​ 7,791 Less: Current portion of long-term debt ​ ​ (4) ​ ​ (1,454) ​ ​ $ 7,158 ​ $ 6,337

Employee Benefit Obligations (T

Employee Benefit Obligations (Tables)	6 Months Ended
	Jun. 30, 2020
Employee Benefit Obligations
Schedule of employee benefit obligations	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ($ in millions) ​ 2020 2019 ​ ​ ​ ​ ​ ​ ​ Underfunded defined benefit pension liabilities ​ $ 1,034 ​ $ 918 Less: Current portion ​ ​ (24) ​ ​ (24) Long-term defined benefit pension liabilities ​ ​ 1,010 ​ ​ 894 Long-term retiree medical liabilities ​ ​ 162 ​ ​ 156 Deferred compensation plans ​ ​ 354 ​ ​ 362 Other ​ ​ 48 ​ ​ 74 ​ ​ $ 1,574 ​ $ 1,486
Components of net periodic benefit cost	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended June 30, ​ ​ 2020 ​ 2019 ($ in millions) U.S. Foreign Total U.S. Foreign Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Ball-sponsored plans: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Service cost ​ $ 16 ​ $ 4 ​ $ 20 ​ $ 12 ​ $ 3 ​ $ 15 Interest cost ​ ​ 18 ​ ​ 15 ​ ​ 33 ​ ​ 25 ​ ​ 18 ​ ​ 43 Expected return on plan assets ​ ​ (31) ​ ​ (21) ​ ​ (52) ​ ​ (29) ​ ​ (27) ​ ​ (56) Amortization of prior service cost ​ ​ 1 ​ ​ — ​ ​ 1 ​ ​ — ​ ​ 1 ​ ​ 1 Recognized net actuarial loss ​ ​ 10 ​ ​ 2 ​ ​ 12 ​ ​ 5 ​ ​ 1 ​ ​ 6 Settlement losses ​ ​ 97 (a) ​ — ​ ​ 97 ​ ​ — ​ ​ — ​ ​ — Total net periodic benefit cost ​ $ 111 ​ $ — ​ $ 111 ​ $ 13 ​ $ (4) ​ $ 9 (a) Includes settlement losses related to the purchase of non-participating annuities and lump-sum payments which have been recorded in business consolidation and other activities. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Six Months Ended June 30, ​ ​ 2020 ​ 2019 ($ in millions) U.S. Foreign Total U.S. Foreign Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Ball-sponsored plans: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Service cost ​ $ 32 ​ $ 8 ​ $ 40 ​ $ 24 ​ $ 6 ​ $ 30 Interest cost ​ ​ 38 ​ ​ 29 ​ ​ 67 ​ ​ 50 ​ ​ 36 ​ ​ 86 Expected return on plan assets ​ ​ (62) ​ ​ (42) ​ ​ (104) ​ ​ (57) ​ ​ (55) ​ ​ (112) Amortization of prior service cost ​ ​ 1 ​ ​ 1 ​ ​ 2 ​ ​ — ​ ​ 2 ​ ​ 2 Recognized net actuarial loss ​ ​ 20 ​ ​ 3 ​ ​ 23 ​ ​ 11 ​ ​ 2 ​ ​ 13 Settlement losses ​ ​ 97 (a) ​ — ​ ​ 97 ​ ​ — ​ ​ — ​ ​ — Total net periodic benefit cost ​ $ 126 ​ $ (1) ​ $ 125 ​ $ 28 ​ $ (9) ​ $ 19 (a) Includes settlement losses related to the purchase of non-participating annuities and lump-sum payments which have been recorded in business consolidation and other activities.

Equity and Accumulated Other _2

Equity and Accumulated Other Comprehensive Earnings (Tables)	6 Months Ended
	Jun. 30, 2020
Equity and Accumulated Other Comprehensive Earnings
Schedule of company's equity activity	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Common Stock ​ Treasury Stock ​ ​ ​ ​ Accumulated Other ​ ​ ​ ​ ​ ​ ​ ​ Number of ​ ​ ​ Number of ​ ​ ​ Retained ​ Comprehensive ​ Noncontrolling ​ Total ($ in millions; share amounts in thousands) Shares Amount Shares Amount Earnings Earnings (Loss) Interest Equity ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance at March 31, 2020 ​ 678,128 ​ $ 1,151 ​ (352,209) ​ $ (3,159) ​ $ 5,777 ​ $ (1,139) ​ $ 70 ​ $ 2,700 Net earnings ​ — ​ ​ — ​ — ​ ​ — ​ ​ 94 ​ ​ — ​ ​ (2) ​ ​ 92 Other comprehensive earnings (loss), net of tax ​ — ​ ​ — ​ — ​ ​ — ​ ​ — ​ ​ 71 ​ ​ — ​ ​ 71 Common dividends, net of tax benefits ​ — ​ ​ — ​ — ​ ​ — ​ ​ (50) ​ ​ — ​ ​ — ​ ​ (50) Treasury stock purchases ​ — ​ ​ — ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Treasury shares reissued ​ — ​ ​ — ​ 106 ​ ​ 7 ​ ​ — ​ ​ — ​ ​ — ​ ​ 7 Shares issued and stock compensation for stock options and other stock plans, net of shares exchanged ​ 356 ​ ​ 2 ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 2 Other activity ​ — ​ ​ — ​ 1 ​ ​ 7 ​ ​ 1 ​ ​ — ​ ​ — ​ ​ 8 Balance at June 30, 2020 ​ 678,484 ​ $ 1,153 ​ (352,102) ​ $ (3,145) ​ $ 5,822 ​ $ (1,068) ​ $ 68 ​ $ 2,830 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Common Stock ​ Treasury Stock ​ ​ ​ ​ Accumulated Other ​ ​ ​ ​ ​ ​ ​ ​ Number of ​ ​ ​ Number of ​ ​ ​ Retained ​ Comprehensive ​ Noncontrolling ​ Total ($ in millions; share amounts in thousands) Shares Amount Shares Amount Earnings Earnings (Loss) Interest Equity ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance at March 31, 2019 ​ 674,692 ​ $ 1,154 ​ (340,223) ​ $ (2,323) ​ $ 5,504 ​ $ (789) ​ $ 103 ​ $ 3,649 Net earnings ​ — ​ ​ — ​ — ​ ​ — ​ ​ 197 ​ ​ — ​ ​ — ​ ​ 197 Other comprehensive earnings (loss), net of tax ​ — ​ ​ — ​ — ​ ​ — ​ ​ — ​ ​ (8) ​ ​ — ​ ​ (8) Common dividends, net of tax benefits ​ — ​ ​ — ​ — ​ ​ — ​ ​ (50) ​ ​ — ​ ​ — ​ ​ (50) Treasury stock purchases ​ — ​ ​ — ​ (3,540) ​ ​ (251) ​ ​ — ​ ​ — ​ ​ — ​ ​ (251) Treasury shares reissued ​ — ​ ​ — ​ 140 ​ ​ 7 ​ ​ — ​ ​ — ​ ​ — ​ ​ 7 Shares issued and stock compensation for stock options and other stock plans, net of shares exchanged ​ 771 ​ ​ 18 ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 18 Other activity ​ — ​ ​ — ​ — ​ ​ 1 ​ ​ — ​ ​ — ​ ​ 1 ​ ​ 2 Balance at June 30, 2019 ​ 675,463 ​ $ 1,172 ​ (343,623) ​ $ (2,566) ​ $ 5,651 ​ $ (797) ​ $ 104 ​ $ 3,564 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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, 2019 ​ 676,302 ​ $ 1,178 ​ (351,667) ​ $ (3,122) ​ $ 5,803 ​ $ (910) ​ $ 70 ​ $ 3,019 Net earnings (loss) ​ — ​ ​ — ​ — ​ ​ — ​ ​ 117 ​ ​ — ​ ​ (2) ​ ​ 115 Other comprehensive earnings (loss), net of tax ​ — ​ ​ — ​ — ​ ​ — ​ ​ — ​ ​ (158) ​ ​ — ​ ​ (158) Common dividends, net of tax benefits ​ — ​ ​ — ​ — ​ ​ — ​ ​ (99) ​ ​ — ​ ​ — ​ ​ (99) Treasury stock purchases ​ — ​ ​ — ​ (774) ​ ​ (54) ​ ​ — ​ ​ — ​ ​ — ​ ​ (54) Treasury shares reissued ​ — ​ ​ — ​ 338 ​ ​ 14 ​ ​ — ​ ​ — ​ ​ — ​ ​ 14 Shares issued and stock compensation for stock options and other stock plans, net of shares exchanged ​ 2,182 ​ ​ (25) ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ (25) Other activity ​ — ​ ​ — ​ 1 ​ ​ 17 ​ ​ 1 ​ ​ — ​ ​ — ​ ​ 18 Balance at June 30, 2020 ​ 678,484 ​ $ 1,153 ​ (352,102) ​ $ (3,145) ​ $ 5,822 ​ $ (1,068) ​ $ 68 ​ $ 2,830 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 ​ — ​ ​ — ​ — ​ ​ — ​ ​ 314 ​ ​ — ​ ​ — ​ ​ 314 Other comprehensive earnings (loss), net of tax ​ — ​ ​ — ​ — ​ ​ — ​ ​ — ​ ​ 117 ​ ​ — ​ ​ 117 Reclassification of stranded tax effects ​ — ​ ​ — ​ — ​ ​ — ​ ​ 79 ​ ​ (79) ​ ​ — ​ ​ — Common dividends, net of tax benefits ​ — ​ ​ ​ ​ — ​ ​ — ​ ​ (84) ​ ​ — ​ ​ — ​ ​ (84) Treasury stock purchases ​ — ​ ​ — ​ (6,174) ​ ​ (380) ​ ​ — ​ ​ — ​ ​ — ​ ​ (380) Treasury shares reissued ​ — ​ ​ — ​ 530 ​ ​ 12 ​ ​ — ​ ​ — ​ ​ — ​ ​ 12 Shares issued and stock compensation for stock options and other stock plans, net of shares exchanged ​ 2,226 ​ ​ 15 ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 15 Other activity ​ — ​ ​ — ​ — ​ ​ 7 ​ ​ 1 ​ ​ — ​ ​ — ​ ​ 8 Balance at June 30, 2019 ​ 675,463 ​ $ 1,172 ​ (343,623) ​ $ (2,566) ​ $ 5,651 ​ $ (797) ​ $ 104 ​ $ 3,564
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, 2019 ​ $ (340) ​ $ (558) ​ $ (12) ​ $ (910) Other comprehensive earnings (loss) before reclassifications ​ ​ (163) ​ ​ (104) ​ ​ 18 ​ ​ (249) Amounts reclassified from accumulated other comprehensive earnings (loss) into earnings ​ ​ — ​ ​ 94 ​ ​ (3) ​ ​ 91 Balance at June 30, 2020 ​ $ (503) ​ $ (568) ​ $ 3 ​ $ (1,068) ​
Information related to amounts reclassified into net earnings from accumulated other comprehensive earnings (loss)	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended June 30, ​ Six Months Ended June 30, ($ in millions) 2020 2019 2020 2019 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gains (losses) on cash flow hedges: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commodity contracts recorded in net sales ​ $ 37 ​ $ 4 ​ $ 37 ​ $ 6 Commodity contracts recorded in cost of sales ​ ​ (39) ​ ​ (11) ​ ​ (35) ​ ​ (16) Currency exchange contracts recorded in selling, general and administrative ​ ​ (11) ​ ​ (1) ​ ​ 7 ​ ​ (1) Cross-currency swaps recorded in selling, general and administrative ​ ​ — ​ ​ (14) ​ ​ (1) ​ ​ 9 Interest rate contracts recorded in interest expense ​ ​ (2) ​ ​ 4 ​ ​ (3) ​ ​ 8 Total before tax effect ​ ​ (15) ​ ​ (18) ​ ​ 5 ​ ​ 6 Tax benefit (expense) on amounts reclassified into earnings ​ ​ 3 ​ ​ 3 ​ ​ (2) ​ ​ (3) Recognized gain (loss), net of tax ​ $ (12) ​ $ (15) ​ $ 3 ​ $ 3 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amortization of pension and other postretirement benefits: (a) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Prior service income (expense) ​ $ (1) ​ $ — ​ $ (1) ​ $ — Actuarial gains (losses) ​ ​ (9) ​ $ (5) ​ ​ (20) ​ $ (10) Effect of pension settlements ​ ​ (104) ​ ​ — ​ ​ (104) ​ ​ — Total before tax effect ​ ​ (114) ​ ​ (5) ​ ​ (125) ​ ​ (10) Tax benefit (expense) on amounts reclassified into earnings ​ ​ 28 ​ ​ 2 ​ ​ 31 ​ ​ 3 Recognized gain (loss), net of tax ​ $ (86) ​ $ (3) ​ $ (94) ​ $ (7) (a) These components include the computation of net periodic benefit cost detailed in Note 17.

Earnings and Dividends Per Sh_2

Earnings and Dividends Per Share (Tables)	6 Months Ended
	Jun. 30, 2020
Earnings and Dividends Per Share
Schedule of earnings per share	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended June 30, ​ Six Months Ended June 30, ($ in millions, except per share amounts; shares in thousands) 2020 2019 2020 2019 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net earnings attributable to Ball Corporation ​ $ 94 ​ $ 197 ​ $ 117 ​ $ 314 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Basic weighted average common shares ​ ​ 325,994 ​ ​ 332,825 ​ ​ 325,670 ​ ​ 333,528 Effect of dilutive securities ​ ​ 5,723 ​ ​ 8,812 ​ ​ 6,214 ​ ​ 8,705 Weighted average shares applicable to diluted earnings per share ​ ​ 331,717 ​ ​ 341,637 ​ ​ 331,884 ​ ​ 342,233 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Per basic share ​ $ 0.29 ​ $ 0.59 ​ $ 0.36 ​ $ 0.94 Per diluted share ​ $ 0.28 ​ $ 0.58 ​ $ 0.35 ​ $ 0.92

Financial Instruments and Ris_2

Financial Instruments and Risk Management (Tables)	6 Months Ended
	Jun. 30, 2020
Financial Instruments and Risk Management
Schedule of fair value of derivative instruments	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2020 ($ in millions) Balance Sheet Location Derivatives Derivatives not Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commodity contracts ​ ​ $ 26 ​ $ — ​ $ 26 Foreign currency contracts ​ ​ ​ — ​ ​ 11 ​ ​ 11 Other contracts ​ ​ ​ — ​ ​ 4 ​ ​ 4 Total current derivative contracts Other current assets ​ $ 26 ​ $ 15 ​ $ 41 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commodity contracts ​ ​ $ 4 ​ $ — ​ $ 4 Foreign currency contracts ​ ​ ​ 68 ​ ​ 1 ​ ​ 69 Total noncurrent derivative contracts Other noncurrent assets ​ $ 72 ​ $ 1 ​ $ 73 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commodity contracts ​ ​ $ 66 ​ $ 1 ​ $ 67 Foreign currency contracts ​ ​ ​ — ​ ​ 17 ​ ​ 17 Other contracts ​ ​ ​ 2 ​ ​ 3 ​ ​ 5 Total current derivative contracts Other current liabilities ​ $ 68 ​ $ 21 ​ $ 89 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commodity contracts ​ ​ $ 4 ​ $ — ​ $ 4 Foreign currency contracts ​ ​ ​ — ​ ​ 1 ​ ​ 1 Total noncurrent derivative contracts Other noncurrent liabilities ​ $ 4 ​ $ 1 ​ $ 5 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2019 ​ ​ ​ Derivatives Derivatives not Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commodity contracts ​ ​ $ 7 ​ $ 1 ​ $ 8 Foreign currency contracts ​ ​ ​ 4 ​ ​ 43 ​ ​ 47 Other contracts ​ ​ ​ 2 ​ ​ — ​ ​ 2 Total current derivative contracts Other current assets ​ $ 13 ​ $ 44 ​ $ 57 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Foreign currency contracts ​ ​ $ 15 ​ $ — ​ $ 15 Other contracts ​ ​ ​ 1 ​ ​ — ​ ​ 1 Total noncurrent derivative contracts Other noncurrent assets ​ $ 16 ​ $ — ​ $ 16 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commodity contracts ​ ​ $ 26 ​ $ 1 ​ $ 27 Foreign currency contracts ​ ​ ​ — ​ ​ 18 ​ ​ 18 Other contracts ​ ​ ​ — ​ ​ 19 ​ ​ 19 Total current derivative contracts Other current liabilities ​ $ 26 ​ $ 38 ​ $ 64 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commodity contracts ​ ​ $ 1 ​ $ — ​ $ 1 Total noncurrent derivative contracts Other noncurrent liabilities ​ $ 1 ​ $ — ​ $ 1
Schedule of impact on earnings from derivative instruments	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended June 30, ​ ​ ​ ​ ​ 2020 ​ 2019 ​ ($ 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 ​ $ 37 ​ $ — ​ $ 4 ​ $ — ​ Commodity contracts - manage exposure to supplier pricing ​ Cost of sales ​ ​ (39) ​ ​ 10 ​ ​ (11) ​ ​ 2 ​ Interest rate contracts - manage exposure for outstanding debt ​ Interest expense ​ ​ (2) ​ ​ (1) ​ ​ 4 ​ ​ — ​ Foreign currency contracts - manage currency exposure ​ Selling, general and administrative ​ ​ (11) ​ ​ 18 ​ ​ (1) ​ ​ (15) ​ Cross-currency swaps - manage intercompany currency exposure ​ Selling, general and administrative ​ ​ — ​ ​ — ​ ​ (14) ​ ​ — ​ Equity contracts ​ Selling, general and administrative ​ ​ — ​ ​ 12 ​ ​ — ​ ​ 33 ​ Total ​ ​ ​ $ (15) ​ $ 39 ​ $ (18) ​ $ 20 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Six Months Ended June 30, ​ ​ ​ ​ ​ 2020 ​ 2019 ​ ($ 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 ​ $ 37 ​ $ 1 ​ $ 6 ​ $ — ​ Commodity contracts - manage exposure to supplier pricing ​ Cost of sales ​ ​ (35) ​ ​ 9 ​ ​ (16) ​ ​ 3 ​ Interest rate contracts - manage exposure for outstanding debt ​ Interest expense ​ ​ (3) ​ ​ — ​ ​ 8 ​ ​ — ​ Foreign currency contracts - manage currency exposure ​ Selling, general and administrative ​ ​ 7 ​ ​ 40 ​ ​ (1) ​ ​ 43 ​ Cross-currency swaps - manage intercompany currency exposure ​ Selling, general and administrative ​ ​ (1) ​ ​ — ​ ​ 9 ​ ​ — ​ Equity contracts ​ Selling, general and administrative ​ ​ — ​ ​ 10 ​ ​ — ​ ​ 63 ​ Total ​ ​ ​ $ 5 ​ $ 60 ​ $ 6 ​ $ 109 ​
Schedule of changes in accumulated other comprehensive earnings (loss) for effective derivatives	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended June 30, ​ Six Months Ended June 30, ($ in millions) 2020 2019 2020 2019 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amounts reclassified into earnings: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commodity contracts ​ $ 2 ​ $ 7 ​ $ (2) ​ $ 10 Cross-currency swap contracts ​ ​ — ​ ​ 14 ​ ​ 1 ​ ​ (9) Interest rate contracts ​ ​ 2 ​ ​ (4) ​ ​ 3 ​ ​ (8) Currency exchange contracts ​ ​ 11 ​ ​ 1 ​ ​ (7) ​ ​ 1 Change in fair value of cash flow hedges: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commodity contracts ​ ​ 1 ​ ​ (19) ​ ​ (29) ​ ​ (5) Interest rate contracts ​ ​ (2) ​ ​ — ​ ​ (4) ​ ​ — Cross-currency swap contracts ​ ​ — ​ ​ (3) ​ ​ 1 ​ ​ 40 Currency exchange contracts ​ ​ (3) ​ ​ 6 ​ ​ 55 ​ ​ 4 Foreign currency and tax impacts ​ ​ (1) ​ ​ 1 ​ ​ (3) ​ ​ (8) Stranded tax effects reclassified into retained earnings: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commodity contracts ​ ​ — ​ ​ — ​ ​ — ​ ​ 2 Cross-currency swap contracts ​ ​ — ​ ​ — ​ ​ — ​ ​ (5) ​ ​ $ 10 ​ $ 3 ​ $ 15 ​ $ 22

Business Segment Information -

Business Segment Information - Summary of Business (Details) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020USD ($)	Jun. 30, 2019USD ($)	Jun. 30, 2020USD ($)segment	Jun. 30, 2019USD ($)
Business Segment Information
Number of Reportable Segments | segment			4
Segment Reporting Information, Revenue for Reportable Segment [Abstract]
Net sales	$ 2,801	$ 3,017	$ 5,586	$ 5,802
Reconciling items
Other	(1)	5	(11)	(10)
Business consolidation and other activities	(112)		(227)	(14)
Amortization of acquired Rexam intangibles	(44)	(48)	(89)	(96)
Earnings before interest and taxes	178	307	333	528
Interest expense	(67)	(81)	(138)	(158)
Debt refinancing and other costs			(40)	(4)
Total interest expense	(67)	(81)	(178)	(162)
Earnings before taxes	111	226	155	366
Undistributed corporate expenses	6	15	20	38
Depreciation and Amortization
Depreciation and amortization	170	171	339	341
Capital Expenditures
Capital expenditures			447	275
Operating Segments
Segment Reporting Information, Revenue for Reportable Segment [Abstract]
Net sales	2,733	2,810	5,420	5,394
Segment Reporting Information, Operating Income (Loss) [Abstract]
Reportable segment comparable operating earnings	328	342	645	632
Operating Segments | Beverage packaging, North And Central America
Segment Reporting Information, Revenue for Reportable Segment [Abstract]
Net sales	1,267	1,286	2,448	2,417
Segment Reporting Information, Operating Income (Loss) [Abstract]
Reportable segment comparable operating earnings	189	141	335	259
Reconciling items
Business consolidation and other activities	(1)	(5)	(4)	(6)
Operating Segments | Beverage packaging, South America
Segment Reporting Information, Revenue for Reportable Segment [Abstract]
Net sales	329	377	734	818
Segment Reporting Information, Operating Income (Loss) [Abstract]
Reportable segment comparable operating earnings	46	65	109	133
Reconciling items
Business consolidation and other activities	(3)	37	(4)	36
Operating Segments | Beverage packaging, EMEA
Segment Reporting Information, Revenue for Reportable Segment [Abstract]
Net sales	699	768	1,368	1,452
Segment Reporting Information, Operating Income (Loss) [Abstract]
Reportable segment comparable operating earnings	63	98	131	172
Reconciling items
Business consolidation and other activities	(3)	(16)	(6)	(15)
Operating Segments | Aerospace
Segment Reporting Information, Revenue for Reportable Segment [Abstract]
Net sales	438	379	870	707
Segment Reporting Information, Operating Income (Loss) [Abstract]
Reportable segment comparable operating earnings	30	38	70	68
Other
Segment Reporting Information, Revenue for Reportable Segment [Abstract]
Net sales	68	207	166	408
Reconciling items
Business consolidation and other activities	(105)	(16)	(213)	(29)
Rexam
Reconciling items
Amortization of acquired Rexam intangibles	$ (37)	$ (40)	$ (74)	$ (80)

Acquisitions and Dispositions -

Acquisitions and Dispositions - Acquisitions (Details) - Tubex Industria E Comercio De Embalagens Ltda [Member] - Scenario, Plan [Member] $ in Millions	1 Months Ended
	Mar. 31, 2020USD ($)
Business Acquisition [Line Items]
Cash consideration	$ 80
Additional potential consideration	$ 30
Additional consideration period	3 years

Acquisitions and Dispositions_2

Acquisitions and Dispositions - Dispositions (Details) - USD ($) $ in Millions	1 Months Ended	3 Months Ended	6 Months Ended
	Oct. 31, 2019	Sep. 30, 2019	Jun. 30, 2020
US steel food and steel aerosol packaging
Disposition
Impairment of assets held for sale			$ (15)
Disposal Group, Disposed of by Sale, Not Discontinued Operations | Steel Aerosol Packaging Business In Argentina [Member]
Disposition
Loss on sale of disposal group	$ 52
Charge in earnings for translation losses	$ 45
Disposal Group, Disposed of by Sale, Not Discontinued Operations | Beverage Packaging China
Disposition
Loss on sale of disposal group		$ 45
Consideration for the sale of business		$ 213

Revenue from Contracts With C_3

Revenue from Contracts With Customers - Disaggregation (Details) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020USD ($)	Jun. 30, 2019USD ($)	Jun. 30, 2020USD ($)segment	Jun. 30, 2019USD ($)
Disaggregation of Revenue [Line Items]
Number of reportable segments | segment			4
Total net sales	$ 2,801	$ 3,017	$ 5,586	$ 5,802
Point in Time
Disaggregation of Revenue [Line Items]
Total net sales	531	547	1,034	1,104
Over Time
Disaggregation of Revenue [Line Items]
Total net sales	$ 2,270	$ 2,470	$ 4,552	$ 4,698

Revenue from Contracts With C_4

Revenue from Contracts With Customers - Contract balances (Details) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Contract with Customer, Asset and Liability [Abstract]
Contract Liabilities (Current)	$ 76	$ 76		$ 87
Contract Liabilities (Noncurrent)	9	9		$ 9
Increase (decrease) current contract liabilities		(11)
Total increase (decrease) in contract liabilities		(11)
Cash received on contract liabilities		260
Revenue recognized included in contract liabilities current		249
Revenue recognized from opening balance of contract liabilities		87
Revenue recognized from obligations satisfied or partially satisfied in prior periods	$ (5)	$ 4	$ 6

Revenue from Contracts With C_5

Revenue from Contracts With Customers - Performance obligations (Details) $ in Millions	6 Months Ended
	Jun. 30, 2020USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, Practical Expedient, Initial Application and Transition, Nondisclosure of Transaction Price Allocation to Remaining Performance Obligation [true false]	true
Sales expected to be recognized on multi-year contracts in place as of the end of the period	$ 1,994
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-07-01
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	$ 1,180
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-07-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Period in which remaining performance obligations expect to be satisfied and revenue recognized
Sales expected to be recognized on multi-year contracts in place as of the end of the period	$ 814

Business Consolidation and Ot_3

Business Consolidation and Other Activities (Details) - USD ($) $ in Millions	1 Months Ended	3 Months Ended			6 Months Ended		12 Months Ended
	Oct. 31, 2019	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Business consolidation and other activities
Business consolidation and other activities		$ (112)			$ (227)	$ (14)
Gain related to indirect tax contingencies							$ 57
Reversal of previously recorded expenses related to facilities closure					11
Settlement loss		97			97
Beverage packaging China | Disposal Group, Disposed of by Sale, Not Discontinued Operations
Business consolidation and other activities
Loss on sale of disposal group				$ (3)	(23)	(16)
US steel food and steel aerosol packaging
Business consolidation and other activities
Impairment of assets held for sale					15
Steel Aerosol Packaging Business In Argentina [Member] | Disposal Group, Disposed of by Sale, Not Discontinued Operations
Business consolidation and other activities
Loss on sale of disposal group	$ (52)
Charge in earnings for translation losses	$ 45
Rexam
Business consolidation and other activities
Acquisition costs				3	6	7
Operating Segments | Beverage packaging, North And Central America
Business consolidation and other activities
Business consolidation and other activities		(1)		(5)	(4)	(6)
Charges related to facilities closure		1		5	4	6
Operating Segments | Beverage packaging, South America
Business consolidation and other activities
Business consolidation and other activities		(3)		37	(4)	36
Individually insignificant activities		3		3	4	4
Gain related to indirect tax contingencies				56		56
Impairment of property, plant and equipment and intangible assets				16		16
Operating Segments | Beverage packaging, EMEA
Business consolidation and other activities
Business consolidation and other activities		(3)		(16)	(6)	(15)
Charges related to facilities closure		3			6
Individually insignificant activities				3		4
Operating Segments | Beverage packaging, EMEA | Recklinghausen, Germany facility | Employee Severance And Benefits
Business consolidation and other activities
Charges related to facilities closure				13		11
Other
Business consolidation and other activities
Business consolidation and other activities		(105)		(16)	(213)	(29)
Individually insignificant activities		$ 8		$ 10	21	$ 6
Impairment of goodwill			$ 62		$ 62

Supplemental Cash Flow Statem_3

Supplemental Cash Flow Statement Disclosures (Details) - USD ($) $ in Millions	6 Months Ended	12 Months Ended
	Jun. 30, 2020	Dec. 31, 2019	Jun. 30, 2019	Dec. 31, 2018
Cash, Cash Equivalents and Restricted Cash
Cash and cash equivalents	$ 643	$ 1,798	$ 764	$ 721
Current restricted cash	$ 10	8	$ 9	7
Location of current restricted cash	us-gaap:OtherAssetsCurrent		us-gaap:OtherAssetsCurrent
Cash in assets held for sale			$ 63
Total cash, cash equivalents and restricted cash	$ 653	1,806	$ 836	$ 728
Other Non-cash items
PP&E acquired but not yet paid	$ 300	$ 224

Receivables, Net (Details)

Receivables, Net (Details) - USD ($) $ in Millions	6 Months Ended	12 Months Ended
	Jun. 30, 2020	Dec. 31, 2019
Receivables, Net
Trade accounts receivable	$ 915	$ 647
Unbilled receivables	541	556
Less allowances for doubtful accounts	(9)	(17)
Net trade accounts receivable	1,447	1,186
Other receivables	363	445
Receivables, net	1,810	1,631
Maximum available sale of the accounts receivables under factoring program	1,300	1,400
Amount of accounts receivable available for sale under the factoring program	$ 227	$ 230

Inventories, Net (Details)

Inventories, Net (Details) - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
Inventories, Net
Raw materials and supplies	$ 881	$ 808
Work-in-process and finished goods	604	548
Less inventory reserves	(97)	(82)
Inventories, net	$ 1,388	$ 1,274

Property, Plant and Equipment_3

Property, Plant and Equipment, Net (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Property, plant and equipment
Property, plant and equipment, gross	$ 7,941		$ 7,941		$ 7,533
Accumulated depreciation	(3,279)		(3,279)		(3,063)
Net property, plant and equipment	4,662		4,662		4,470
Depreciation expense	126	$ 123	250	$ 245
Land
Property, plant and equipment
Property, plant and equipment, gross	153		153		153
Buildings
Property, plant and equipment
Property, plant and equipment, gross	1,466		1,466		1,433
Machinery and equipment
Property, plant and equipment
Property, plant and equipment, gross	5,696		5,696		5,513
Construction-in-progress
Property, plant and equipment
Property, plant and equipment, gross	$ 626		$ 626		$ 434

Goodwill (Details)

Goodwill (Details) - USD ($) $ in Millions	Jan. 01, 2020	Mar. 31, 2020	Jun. 30, 2020	Jun. 30, 2020
Goodwill
Balance at the beginning of the period	$ 4,419	$ 4,419	$ 4,419
Business disposition			(62)
Effects of currency exchange			(43)
Balance at the end of the period			4,314
Accumulated impairment, goodwill				$ 62
Goodwill	4,419	4,419	4,419	4,314
Beverage packaging, North And Central America
Goodwill
Balance at the beginning of the period	1,275	1,275	1,275
Balance at the end of the period			1,275
Goodwill	1,275	1,275	1,275	1,275
Beverage packaging, South America
Goodwill
Balance at the beginning of the period	1,298	1,298	1,298
Balance at the end of the period			1,298
Goodwill	1,298	1,298	1,298	1,298
Beverage packaging, EMEA
Goodwill
Balance at the beginning of the period	1,500	1,500	1,500
Effects of currency exchange			(26)
Balance at the end of the period			1,474
Opening balance sheet adjustments	67
Goodwill	1,500	1,500	1,474	1,474
Aerospace
Goodwill
Balance at the beginning of the period	40	40	40
Balance at the end of the period			40
Goodwill	40	40	40	40
Ball Beverage Packaging Amea Limited [Member]
Goodwill
Opening balance sheet adjustments	(102)
Beverage Packaging Asia [Member]
Goodwill
Opening balance sheet adjustments	(27)
Other
Goodwill
Balance at the beginning of the period	306	306	306
Business disposition			(62)
Effects of currency exchange			(17)
Balance at the end of the period			227
Opening balance sheet adjustments	62
Impairment of goodwill		62	62
Goodwill	$ 306	$ 306	$ 227	$ 227

Intangibles Assets, Net (Detail

Intangibles Assets, Net (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Total annual intangible asset amortization expense
Acquired intangible assets, net of accumulated amortization	$ 20		$ 20		$ 24
Accumulated amortization	117		117		116
Capitalized software (net of accumulated amortization)	66		66		69
Accumulated amortization - capitalized software	182		182		170
Total intangible assets, net	1,902		1,902		2,002
Amortization expense	44	$ 48	89	$ 96
Rexam
Total annual intangible asset amortization expense
Acquired intangible assets, net of accumulated amortization	1,816		1,816		1,909
Accumulated amortization	636		636		$ 567
Amortization expense	$ 37	$ 40	$ 74	$ 80

Other Assets (Details)

Other Assets (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Jun. 30, 2020	Dec. 31, 2019
Other assets
Long-term deferred tax assets		$ 278	$ 241
Long-term pension assets		419	437
Investments in affiliates		295	291
Right-of-use operating lease assets		248	239
Other		482	377
Other Assets		$ 1,722	$ 1,585
Share of equity method losses	$ 30

Leases (Details)

Leases (Details) - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
Supplemental balance sheet information
Balance sheet location for assets	us-gaap:OtherAssetsMember
Operating lease right-of-use assets	$ 248	$ 239
Balance sheet location for current liabilities	us-gaap:OtherCurrentLiabilitiesMember
Current operating lease liabilities	$ 58	58
Balance sheet location for non-current liabilities	us-gaap:OtherLiabilitiesMember
Noncurrent operating lease liabilities	$ 183	$ 181
Finance lease ROU assets, net	$ 8
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Property, Plant and Equipment, Net
Finance Lease, Liability, Current	$ 1
Finance Lease, Liability, Current, Statement of Financial Position [Extensible List]	Short Term Borrowings and Long Term debt, Current
Finance Lease, Liability, Noncurrent	$ 6
Finance Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]	Long-term Debt, Excluding Current Maturities

Debt - Long term debt (Details)

Debt - Long term debt (Details) - USD ($) $ in Millions	Jun. 30, 2020	Jan. 31, 2020	Dec. 31, 2019
Long-term debt
Other (including debt issuance costs)	$ (38)		$ (54)
Long-term debt, Total	7,162		7,791
Less: Current portion of long-term debt	(4)		(1,454)
Long-term debt excluding current maturities	$ 7,158		6,337
Senior Notes 4.375 percent, due December 2020
Long-term debt
Long-term Debt, Gross			1,000
Interest rate (as a percent)	4.375%	4.375%
Senior Notes 3.50 Percent, euro denominated, due December 2020
Long-term debt
Long-term Debt, Gross			449
Interest rate (as a percent)	3.50%	3.50%
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 4.00 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	$ 786		785
Interest rate (as a percent)	4.375%
Senior Notes 0.875 Percent, euro denominated, due March 2024
Long-term debt
Long-term Debt, Gross	$ 843		841
Interest rate (as a percent)	0.875%
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 4.875 Percent, due March 2026
Long-term debt
Long-term Debt, Gross	$ 750		750
Interest rate (as a percent)	4.875%
Senior Notes 1.50 Percent, euro denominated, due March 2027
Long-term debt
Long-term Debt, Gross	$ 618		617
Interest rate (as a percent)	1.50%
Term A loan, due June 2024
Long-term debt
Long-term Debt, Gross	$ 653		$ 653
U.S. dollar revolver, due March 2024 at variable rate
Long-term debt
Long-term Debt, Gross	575
Multi-currency U.S. dollar revolver, due March 2024
Long-term debt
Long-term Debt, Gross	$ 225

Debt - Activity (Details)

Debt - Activity (Details) € in Millions, $ in Millions	6 Months Ended
	Jun. 30, 2020USD ($)	Jan. 31, 2020USD ($)	Jan. 31, 2020EUR (€)	Dec. 31, 2019USD ($)
Revolving credit facility
Debt extinguishment costs	$ 40
Senior Notes 0.875 Percent, euro denominated, due March 2024
Long-term debt
Interest rate (as a percent)	0.875%
Senior Notes 1.50 Percent, euro denominated, due March 2027
Long-term debt
Interest rate (as a percent)	1.50%
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	918
Short-term uncommitted credit facilities
Revolving credit facility
Available borrowing capacity under line of credit facility	930
Amount of credit facility outstanding and due on demand	$ 519			$ 26
Senior Notes 3.50 Percent, euro denominated, due December 2020
Long-term debt
Face amount of debt | €			€ 400
Interest rate (as a percent)	3.50%	3.50%	3.50%
Senior Notes 4.375 percent, due December 2020
Long-term debt
Face amount of debt		$ 1,000
Interest rate (as a percent)	4.375%	4.375%	4.375%

Debt - FV, Maturities, etc. (De

Debt - FV, Maturities, etc. (Details) $ in Billions	Dec. 31, 2022	Aug. 31, 2020	Jun. 30, 2020USD ($)	Dec. 31, 2019USD ($)
Long term debt value
Leverage ratio, maximum			4.5
Forecast
Long term debt value
Leverage ratio, maximum	4.5
Subsequent Event.
Long term debt value
Leverage ratio, maximum		5
Level 2
Long term debt value
Fair value of the long-term debt			$ 7.4	$ 8.3

Taxes on Income (Details)

Taxes on Income (Details)	3 Months Ended	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2020
Effective income tax changes by percentage
Effective tax rate expressed as a percentage of pre-tax earnings	(20.70%)	12.30%
Effective income tax rate reduction for by expense in share based compensation	3.70%	17.20%
Effective income tax rate, foreign tax rate differential	4.20%	0.50%
Effective income tax rate (increase) reduction for equity in results of affiliates loss	0.20%	(3.80%)
Effective income tax rate reduction for federal tax credits	11.20%	9.40%
Effective income tax rate increase for goodwill impairment		10.00%
Effective income tax rate increase for impact of foreign currency fluctuations on deferred tax assets in Brazil	8.40%	9.20%

Employee Benefit Obligations -

Employee Benefit Obligations - Total (Details) - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
Employee Benefit Obligations
Underfunded defined benefit pension liabilities	$ 1,034	$ 918
Less current portion	(24)	(24)
Long-term defined benefit pension liabilities	1,010	894
Long-term retiree medical liabilities	162	156
Deferred compensation plans	354	362
Other	48	74
Total non-current employee benefit obligations	$ 1,574	$ 1,486

Employee Benefit Obligations _2

Employee Benefit Obligations - Components of net periodic benefit cost (Details) - USD ($) $ in Millions	1 Months Ended	3 Months Ended		6 Months Ended
	Apr. 30, 2020	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Ball-sponsored plans:
Noncash charge for settlement	$ (97)
Settlement loss		$ 97		$ 97
Selling, general and administrative
Ball-sponsored plans:
Non-service pension income		6	$ 6	12	$ 11
Defined Benefit Pension Plans
Ball-sponsored plans:
Contributions to pension plans				11	73
Expected contributions to pension plans for the full year		90		90
Defined Benefit Pension Plans | Ball Sponsored Plans
Ball-sponsored plans:
Service cost		20	15	40	30
Interest cost		33	43	67	86
Expected return on plan assets		(52)	(56)	(104)	(112)
Amortization of prior service cost		1	1	2	2
Recognized net actuarial loss		12	6	23	13
Settlement losses		97		97
Net periodic benefit cost for Ball sponsored plans		111	9
Total net periodic benefit cost				125	19
U.S.
Ball-sponsored plans:
Payments to participants	$ 245
U.S. | Defined Benefit Pension Plans | Ball Sponsored Plans
Ball-sponsored plans:
Service cost		16	12	32	24
Interest cost		18	25	38	50
Expected return on plan assets		(31)	(29)	(62)	(57)
Amortization of prior service cost		1		1
Recognized net actuarial loss		10	5	20	11
Settlement losses		97		97
Net periodic benefit cost for Ball sponsored plans		111	13
Total net periodic benefit cost				126	28
Foreign | Defined Benefit Pension Plans | Ball Sponsored Plans
Ball-sponsored plans:
Service cost		4	3	8	6
Interest cost		15	18	29	36
Expected return on plan assets		(21)	(27)	(42)	(55)
Amortization of prior service cost			1	1	2
Recognized net actuarial loss		$ 2	1	3	2
Net periodic benefit cost for Ball sponsored plans			$ (4)
Total net periodic benefit cost				$ (1)	$ (9)

Equity and Accumulated Other _3

Equity and Accumulated Other Comprehensive Earnings - Equity activity (Details) - USD ($) shares in Thousands, $ in Millions	1 Months Ended		3 Months Ended		6 Months Ended
	Jun. 30, 2019	May 31, 2019	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Increase (Decrease) in Stockholders' Equity
Balance at beginning of the period			$ 2,700	$ 3,649	$ 3,019	$ 3,562
Net earnings			92	197	115	314
Other comprehensive earnings (loss), net of tax, excluding currency translation on assets transferred to held for sale			71	(8)	(158)	117
Common dividends, net of tax benefits			(50)	(50)	(99)	(84)
Treasury stock purchases				(251)	(54)	(380)
Treasury stock purchases (in shares)	(100)	(3,400)
Treasury shares reissued			7	7	14	12
Shares issued and stock compensation for stock options and other stock plans, net of shares exchanged			2	18	(25)	15
Other activity			8	2	18	8
Balance at end of the period	$ 3,564		2,830	3,564	2,830	3,564
Common Stock
Increase (Decrease) in Stockholders' Equity
Balance at beginning of the period			$ 1,151	$ 1,154	$ 1,178	$ 1,157
Balance (in shares)			678,128	674,692	676,302	673,237
Shares issued and stock compensation for stock options and other stock plans, net of shares exchanged			$ 2	$ 18	$ (25)	$ 15
Shares issued and stock compensation for stock options and other stock plans, net of shares exchanged (in shares)			356	771	2,182	2,226
Balance at end of the period	$ 1,172		$ 1,153	$ 1,172	$ 1,153	$ 1,172
Balance (in shares)	675,463		678,484	675,463	678,484	675,463
Treasury Stock, Common
Increase (Decrease) in Stockholders' Equity
Balance at beginning of the period			$ (3,159)	$ (2,323)	$ (3,122)	$ (2,205)
Balance (in shares)			(352,209)	340,223	351,667	337,979
Treasury stock purchases				$ (251)	$ (54)	$ (380)
Treasury stock purchases (in shares)				(3,540)	(774)	(6,174)
Treasury shares reissued			$ 7	$ 7	$ 14	$ 12
Treasury shares reissued (in shares)			106	140	338	530
Other activity			$ 7	$ 1	$ 17	$ 7
Other activity (in shares)			1		1
Balance at end of the period	$ (2,566)		$ (3,145)	$ (2,566)	$ (3,145)	$ (2,566)
Balance (in shares)	343,623		352,102	343,623	352,102	343,623
Retained Earnings
Increase (Decrease) in Stockholders' Equity
Balance at beginning of the period			$ 5,777	$ 5,504	$ 5,803	$ 5,341
Net earnings			94	197	117	314
Reclassification of stranded tax effects						79
Common dividends, net of tax benefits			(50)	(50)	(99)	(84)
Other activity			1		1	1
Balance at end of the period	$ 5,651		5,822	5,651	5,822	5,651
Accumulated Other Comprehensive Earnings (Loss).
Increase (Decrease) in Stockholders' Equity
Balance at beginning of the period			(1,139)	(789)	(910)	(835)
Other comprehensive earnings (loss), net of tax, excluding currency translation on assets transferred to held for sale			71	(8)	(158)	117
Reclassification of stranded tax effects						(79)
Balance at end of the period	(797)		(1,068)	(797)	(1,068)	(797)
Noncontrolling Interest
Increase (Decrease) in Stockholders' Equity
Balance at beginning of the period			70	103	70	104
Net earnings			(2)		(2)
Other activity				1
Balance at end of the period	$ 104		$ 68	$ 104	$ 68	$ 104

Equity and Accumulated Other _4

Equity and Accumulated Other Comprehensive Earnings - AOCI Activity (Details) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2020
Accumulated Other Comprehensive Earnings (Loss)
Stockholders' Equity Attributable to Parent, Beginning Balance		$ 2,949
Stockholders' Equity Attributable to Parent, Ending Balance	$ 2,762	2,762
Settlement loss	97	97
Foreign Currency Translation
Accumulated Other Comprehensive Earnings (Loss)
Stockholders' Equity Attributable to Parent, Beginning Balance		(340)
Other comprehensive earnings (loss) before reclassifications		(163)
Stockholders' Equity Attributable to Parent, Ending Balance	(503)	(503)
Pension and Other Postretirement Benefits (Net of Tax)
Accumulated Other Comprehensive Earnings (Loss)
Stockholders' Equity Attributable to Parent, Beginning Balance		(558)
Other comprehensive earnings (loss) before reclassifications		(104)
Amounts reclassified from accumulated other comprehensive earnings (loss) into earnings		94
Stockholders' Equity Attributable to Parent, Ending Balance	(568)	(568)
Effective Derivatives (Net of Tax)
Accumulated Other Comprehensive Earnings (Loss)
Stockholders' Equity Attributable to Parent, Beginning Balance		(12)
Other comprehensive earnings (loss) before reclassifications		18
Amounts reclassified from accumulated other comprehensive earnings (loss) into earnings		(3)
Stockholders' Equity Attributable to Parent, Ending Balance	3	3
Accumulated Other Comprehensive Earnings (Loss).
Accumulated Other Comprehensive Earnings (Loss)
Stockholders' Equity Attributable to Parent, Beginning Balance		(910)
Other comprehensive earnings (loss) before reclassifications		(249)
Amounts reclassified from accumulated other comprehensive earnings (loss) into earnings		91
Stockholders' Equity Attributable to Parent, Ending Balance	$ (1,068)	$ (1,068)

Equity and Accumulated Other _5

Equity and Accumulated Other Comprehensive Earnings - AOCI Additional Details (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Gains (losses) on cash flow hedges
Net sales	$ 2,801	$ 3,017	$ 5,586	$ 5,802
Cost of sales (excluding depreciation and amortization)	(2,230)	(2,428)	(4,445)	(4,681)
Selling, general and administrative	(111)	(111)	(242)	(238)
Business consolidation and other activities	(112)		(227)	(14)
Earnings before taxes	111	226	155	366
Tax benefit (expense) on amounts reclassified into earnings	(23)	(31)	(19)	(41)
Net earnings	92	197	115	314
Effective Derivatives (Net of Tax) | Amount Reclassified from Accumulated Other Comprehensive Earnings (Loss)
Gains (losses) on cash flow hedges
Earnings before taxes	(15)	(18)	5	6
Tax benefit (expense) on amounts reclassified into earnings	3	3	(2)	(3)
Net earnings	(12)	(15)	3	3
Effective Derivatives (Net of Tax) | Amount Reclassified from Accumulated Other Comprehensive Earnings (Loss) | Commodity contracts
Gains (losses) on cash flow hedges
Net sales	37	4	37	6
Cost of sales (excluding depreciation and amortization)	(39)	(11)	(35)	(16)
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	(2)	4	(3)	8
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	(11)	(1)	7	(1)
Effective Derivatives (Net of Tax) | Amount Reclassified from Accumulated Other Comprehensive Earnings (Loss) | Cross-currency swap
Gains (losses) on cash flow hedges
Selling, general and administrative		(14)	(1)	9
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	(114)	(5)	(125)	(10)
Tax benefit (expense) on amounts reclassified into earnings	28	2	31	3
Recognized gain (loss), net of tax	(86)	(3)	(94)	(7)
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	(9)	$ (5)	(20)	$ (10)
Effect of pension settlement | Amount Reclassified from Accumulated Other Comprehensive Earnings (Loss)
Amortization Of Pension And Other Postretirement Benefits:
Total before tax effect	$ (104)		$ (104)

Equity and Accumulated Other _6

Equity and Accumulated Other Comprehensive Earnings - Share repurchase program (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	1 Months Ended		2 Months Ended
	Jun. 30, 2019	May 31, 2019	Jun. 30, 2019
Share Repurchase Program
Stock repurchase agreement, value		$ 250
Cash advanced for accelerated stock repurchase agreement		$ 250
Shares received	0.1	3.4
Shares received as percentage of total shares calculated using closing price on agreement date		85.00%
Average price paid per share			$ 62.33

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Earnings and Dividends Per Share
Net earnings attributable to Ball Corporation	$ 94	$ 197	$ 117	$ 314
Basic weighted average common shares	325,994,000	332,825,000	325,670,000	333,528,000
Effect of dilutive securities (in shares)	5,723,000	8,812,000	6,214,000	8,705,000
Weighted average shares applicable to diluted earnings per share	331,717,000	341,637,000	331,884,000	342,233,000
Per basic share (in dollars per share)	$ 0.29	$ 0.59	$ 0.36	$ 0.94
Per diluted share (in dollars per share)	$ 0.28	$ 0.58	$ 0.35	$ 0.92
Options excluded from EPS calculation
Number of outstanding options excluded from computation of diluted earnings per share	1,000,000	0	1,000,000	1,000,000
Dividends declared and paid
Dividends paid (in dollars per share)	$ 0.15	$ 0.15	$ 0.30	$ 0.25

Financial Instruments and Ris_3

Financial Instruments and Risk Management - General (Details) $ / shares in Units, shares in Millions, $ in Millions	6 Months Ended
	Jun. 30, 2020USD ($)approach$ / sharesshares	Dec. 31, 2019USD ($)	Dec. 31, 2016USD ($)
Financial Instruments and Risk Management
Aggregate fair value of derivative instruments with credit-risk-related contingent features that were in a net liability position	$ 54	$ 35
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	$ 1,500
Net gain (loss) expected to be recognized in the consolidated statement of earnings during the next 12 months	(39)
Gain (loss) on derivatives included in AOCI, net of tax	(38)
Commodity contracts | Derivatives Designated As Hedging Instruments | Cash Flow Hedging
Financial Instruments and Risk Management
Notional amount of derivatives	$ 1,400
Commodity contracts | Maximum
Financial Instruments and Risk Management
Period within which derivative will expire	4 years
Interest rate swap and option contracts
Financial Instruments and Risk Management
Notional amount of derivatives	$ 1,300
Net gain (loss) expected to be recognized in the consolidated statement of earnings during the next 12 months	$ (1)
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	$ 2,800
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	$ 19
Gain (loss) on derivatives included in AOCI, net of tax	44
Cross-currency swap
Financial Instruments and Risk Management
Notional amount of derivatives			$ 1,000
Gain (loss) on derivatives included in AOCI, net of tax	$ (2)
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	2.8

Financial Instruments and Ris_4

Financial Instruments and Risk Management - Fair Value (Details) - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
Fair Value Measurements
Total current derivative contracts, assets	$ 41	$ 57
Total noncurrent derivative contracts, assets	73	16
Total current derivative contracts, liabilities	89	64
Total noncurrent derivative contracts, liabilities	5	1
Commodity contracts
Fair Value Measurements
Total current derivative contracts, assets	26	8
Total noncurrent derivative contracts, assets	4
Total current derivative contracts, liabilities	67	27
Total noncurrent derivative contracts, liabilities	4	1
Foreign currency contracts
Fair Value Measurements
Total current derivative contracts, assets	11	47
Total noncurrent derivative contracts, assets	69	15
Total current derivative contracts, liabilities	17	18
Total noncurrent derivative contracts, liabilities	1
Other contracts
Fair Value Measurements
Total current derivative contracts, assets	4	2
Total noncurrent derivative contracts, assets		1
Total current derivative contracts, liabilities	5	19
Derivatives Designated As Hedging Instruments
Fair Value Measurements
Total current derivative contracts, assets	26	13
Total noncurrent derivative contracts, assets	72	16
Total current derivative contracts, liabilities	68	26
Total noncurrent derivative contracts, liabilities	4	1
Derivatives Designated As Hedging Instruments | Commodity contracts
Fair Value Measurements
Total current derivative contracts, assets	26	7
Total noncurrent derivative contracts, assets	4
Total current derivative contracts, liabilities	66	26
Total noncurrent derivative contracts, liabilities	4	1
Derivatives Designated As Hedging Instruments | Foreign currency contracts
Fair Value Measurements
Total current derivative contracts, assets		4
Total noncurrent derivative contracts, assets	68	15
Derivatives Designated As Hedging Instruments | Other contracts
Fair Value Measurements
Total current derivative contracts, assets		2
Total noncurrent derivative contracts, assets		1
Total current derivative contracts, liabilities	2
Derivatives Not Designated as Hedging Instruments
Fair Value Measurements
Total current derivative contracts, assets	15	44
Total noncurrent derivative contracts, assets	1
Total current derivative contracts, liabilities	21	38
Total noncurrent derivative contracts, liabilities	1
Derivatives Not Designated as Hedging Instruments | Commodity contracts
Fair Value Measurements
Total current derivative contracts, assets		1
Total current derivative contracts, liabilities	1	1
Derivatives Not Designated as Hedging Instruments | Foreign currency contracts
Fair Value Measurements
Total current derivative contracts, assets	11	43
Total noncurrent derivative contracts, assets	1
Total current derivative contracts, liabilities	17	18
Total noncurrent derivative contracts, liabilities	1
Derivatives Not Designated as Hedging Instruments | Other contracts
Fair Value Measurements
Total current derivative contracts, assets	4
Total current derivative contracts, liabilities	$ 3	$ 19

Financial Instruments and Ris_5

Financial Instruments and Risk Management - Impact on Earnings (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Impact on Earnings from Derivative Instruments
Cash Flow Hedge - Reclassified Amount from Accumulated Other Comprehensive Earnings (Loss)	$ (15)	$ (18)	$ 5	$ 6
Gain (Loss) on Derivatives not Designated as Hedge Instruments	39	20	60	109
Amounts reclassified into earnings:
Commodity contracts	2	7	(2)	10
Interest rate contracts	2	(4)	3	(8)
Cross currency swap contracts		14	1	(9)
Currency exchange contracts	11	1	(7)	1
Change in fair value of cash flow hedges:
Derivative, Gain (Loss) on Derivative, Net	(15)	(18)	5	6
Stranded tax effects reclassified into retained earnings:
Changes in accumulated other comprehensive earnings (loss) for effective derivatives	10	3	15	22
Commodity contracts
Impact on Earnings from Derivative Instruments
Cash Flow Hedge - Reclassified Amount from Accumulated Other Comprehensive Earnings (Loss)	1	(19)	(29)	(5)
Change in fair value of cash flow hedges:
Derivative, Gain (Loss) on Derivative, Net	1	(19)	(29)	(5)
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)	37	4	37	6
Gain (Loss) on Derivatives not Designated as Hedge Instruments			1
Change in fair value of cash flow hedges:
Derivative, Gain (Loss) on Derivative, Net	37	4	37	6
Commodity contracts | Cost of sales
Impact on Earnings from Derivative Instruments
Cash Flow Hedge - Reclassified Amount from Accumulated Other Comprehensive Earnings (Loss)	(39)	(11)	(35)	(16)
Gain (Loss) on Derivatives not Designated as Hedge Instruments	10	2	9	3
Change in fair value of cash flow hedges:
Derivative, Gain (Loss) on Derivative, Net	(39)	(11)	(35)	(16)
Interest rate contracts
Impact on Earnings from Derivative Instruments
Cash Flow Hedge - Reclassified Amount from Accumulated Other Comprehensive Earnings (Loss)	(2)		(4)
Change in fair value of cash flow hedges:
Derivative, Gain (Loss) on Derivative, Net	(2)		(4)
Interest rate contracts | Interest expense.
Impact on Earnings from Derivative Instruments
Cash Flow Hedge - Reclassified Amount from Accumulated Other Comprehensive Earnings (Loss)	(2)	4	(3)	8
Gain (Loss) on Derivatives not Designated as Hedge Instruments	(1)
Change in fair value of cash flow hedges:
Derivative, Gain (Loss) on Derivative, Net	(2)	4	(3)	8
Foreign currency contracts | Selling, general and administrative
Impact on Earnings from Derivative Instruments
Cash Flow Hedge - Reclassified Amount from Accumulated Other Comprehensive Earnings (Loss)	(11)	(1)	7	(1)
Gain (Loss) on Derivatives not Designated as Hedge Instruments	18	(15)	40	43
Change in fair value of cash flow hedges:
Derivative, Gain (Loss) on Derivative, Net	(11)	(1)	7	(1)
Equity contracts | Selling, general and administrative
Impact on Earnings from Derivative Instruments
Gain (Loss) on Derivatives not Designated as Hedge Instruments	12	33	10	63
Cross-currency swap
Impact on Earnings from Derivative Instruments
Cash Flow Hedge - Reclassified Amount from Accumulated Other Comprehensive Earnings (Loss)		(3)	1	40
Change in fair value of cash flow hedges:
Derivative, Gain (Loss) on Derivative, Net		(3)	1	40
Stranded tax effects reclassified into retained earnings:
Reclassification of stranded tax effects				(5)
Cross-currency swap | Selling, general and administrative
Impact on Earnings from Derivative Instruments
Cash Flow Hedge - Reclassified Amount from Accumulated Other Comprehensive Earnings (Loss)		(14)	(1)	9
Change in fair value of cash flow hedges:
Derivative, Gain (Loss) on Derivative, Net		(14)	(1)	9
Currency exchange contracts
Impact on Earnings from Derivative Instruments
Cash Flow Hedge - Reclassified Amount from Accumulated Other Comprehensive Earnings (Loss)	(3)	6	55	4
Change in fair value of cash flow hedges:
Derivative, Gain (Loss) on Derivative, Net	(3)	6	55	4
Foreign currency and tax impacts
Impact on Earnings from Derivative Instruments
Cash Flow Hedge - Reclassified Amount from Accumulated Other Comprehensive Earnings (Loss)	(1)	1	(3)	(8)
Change in fair value of cash flow hedges:
Derivative, Gain (Loss) on Derivative, Net	$ (1)	$ 1	$ (3)	$ (8)

Contingencies (Details)

Contingencies (Details) $ in Millions	1 Months Ended	6 Months Ended	12 Months Ended
	Nov. 30, 2012item	Jun. 30, 2020USD ($)a	Dec. 31, 2019USD ($)
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
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
Project costs to date		$ 100
Prior year collections of ICMS amounts realizable			$ 57
Other Current Liabilities And Other Noncurrent Liabilities
Environmental remediation
Estimated potential liability for all environmental matters		$ 28

Indemnifications and Guarante_2

Indemnifications and Guarantees (Details) - First priority perfected lien or pledge	6 Months Ended
	Jun. 30, 2020
Material Wholly Owned Domestic Subsidiaries
Guarantees
Percent of capital stock pledged	100.00%
Material Wholly Owned First Tier Foreign Subsidiaries
Guarantees
Percent of capital stock pledged	65.00%
Material Wholly Owned Foreign Subsidiaries And Material Wholly Owned U S Domiciled Foreign Subsidiaries
Guarantees
Percent of capital stock pledged	100.00%