BALL (BALL) risk factors, FY2024 10-K

General Risks

1. 01If we do not effectively manage change and growth, our business could be adversely affected
2. 02Our business, operating results and financial condition are subject to particular risks in certain regions of the world
3. 03We sell a majority of our packaging products to a relatively limited number of major beverage, personal care and household product companies, some of which operate in multiple geographical markets we serve
4. 04We have a significant level of debt that could have important consequences for our business and any investment in our securities
5. 05We face competitive risks from many sources that may negatively impact our profitability
6. 06We are subject to competition from alternative products, which could result in lower profits and reduced cash flows
7. 07Our packaging businesses have a narrow product range, and our business would suffer if usage of our products decreased or if decreases occur in the demand for the beverages and other goods filled in our products
8. 08Our business, financial condition, cash flows and results of operations are subject to risks resulting from broader geographic operations
9. 09We are exposed to exchange rate fluctuations
10. 10We are vulnerable to fluctuations and disruptions in the supply and price of raw materials
11. 11Net earnings and net assets could be materially affected by an impairment of goodwill
12. 12If the investments in Ball’s pension plans, or in the multi-employer pension plans in which Ball participates, do not perform as expected, we may have to contribute additional amounts to the plans, which would otherwise be available for other general corporate purposes
13. 13Restricted access to capital markets could adversely affect our short-term liquidity and prevent us from fulfilling our obligations under the notes issued pursuant to our bond indentures
14. 14The global credit, financial and economic environment could have a negative impact on our results of operations, financial position or cash flows
15. 15A material weakness in our internal control over financial reporting could, if not remediated, result in material misstatements in our financial statements
16. 16We face risks related to health epidemics, pandemics and other outbreaks, which could adversely affect our business
17. 17Changes in laws and governmental regulations may adversely affect our business and operations
18. 18Our business faces the potential of increased regulation on some of the raw materials utilized in our packaging operations
19. 19Earnings and cash flows can be impacted by changes in tax laws
20. 20Decreases in our ability to develop or apply new technology and know-how may affect our competitiveness
21. 21Increased information technology (IT) security threats and more sophisticated and targeted computer crime could pose a risk to our systems, networks, products, solutions and services, as well as those of our suppliers and customers

Human capital risks

1. 22If we fail to retain key management and personnel, we may be unable to implement our key objectives
2. 23Prolonged work stoppages at facilities with union employees could jeopardize our financial position
3. 24Adverse weather and climate changes may result in lower sales
4. 25Our business is subject to substantial environmental remediation and compliance costs