Sales Performance by Region - Beverage Packaging, North and Central America segment accounted for 48% of consolidated net sales in 2025, with approximately 50 billion aluminum beverage containers shipped, representing 36% of total shipments in the region [51][53]. - Beverage Packaging, EMEA segment contributed 30% to consolidated net sales in 2025, with 38 billion aluminum beverage containers shipped, capturing an estimated 39% of the market [56]. - Beverage Packaging, South America segment represented 16% of consolidated net sales in 2025, with approximately 20 billion aluminum beverage containers shipped, holding a 46% market share [60]. Financial Risk Management - The company limits exposure to aluminum price fluctuations through sales contracts that allow for pass-through of aluminum price changes and the use of derivative instruments [55][62]. - A hypothetical 10% adverse change in aluminum prices could result in an estimated $3 million after-tax reduction in net earnings over a one-year period [212]. - Interest rate exposure management includes the use of pay-fixed interest rate swaps, with a 100-basis point increase in interest rates potentially leading to a $7 million after-tax reduction in net earnings [214]. - A hypothetical 10% reduction in currency exchange rates could result in an estimated $15 million after-tax reduction in net earnings over a one-year period [217]. - The company has three fixed-for-fixed cross currency swaps outstanding, totaling €1.05 billion, with a 10% adverse change in foreign currency exchange rates potentially leading to a $67 million after-tax currency translation adjustment loss [218]. Research and Development - Research and development efforts focus on packaging innovation and sustainability, conducted primarily at a technical center in Westminster, Colorado [71]. Expansion and Acquisitions - The company acquired Florida Can Manufacturing in Q1 2025, expanding its manufacturing capabilities in North America [52].
Ball (BALL) - 2025 Q4 - Annual Report