in the aluminum packaging industry , sales and earnings can be increased by reducing costs , increasing prices , developing new products , expanding volumes and making strategic acquisitions . we also provide aerospace and other technologies and services to governmental and commercial customers , including national defense hardware , antenna and video tactical solutions , civil and operational space hardware and system engineering services . ​ we sell our aluminum packaging products mainly to large , multinational beverage , personal care and household products companies with which we have developed long-term relationships . this is evidenced by our high customer retention and our large number of long-term supply contracts . while we have a diversified customer base , we sell a significant portion of our packaging products to major companies and brands , as well as to numerous regional customers . the overall global aluminum beverage and aerosol container industries are growing and are expected to continue to grow in the medium to long term . the primary customers for the products and services provided by our aerospace segment are u.s. government agencies or their prime contractors . ​ we purchase our raw materials from relatively few suppliers . we also have exposure to inflation , in particular the rising costs of raw materials , as well as other direct cost inputs . we mitigate our exposure to the changes in the costs of aluminum through the inclusion of provisions in contracts covering the majority of our volumes to pass through aluminum price changes , as well as through the use of derivative instruments . the pass-through provisions generally result in proportional increases or decreases in sales and costs with a greatly reduced impact , if any , on net earnings . because of our customer and supplier concentration , our business , financial condition and results of operations could be adversely affected by the loss , insolvency or bankruptcy of a major customer or supplier or a change in a supply agreement with a major customer or supplier , although our contract provisions generally mitigate the risk of customer loss , and our long-term relationships represent a known , stable customer base . ​ the majority of the aerospace business involves work under contracts , generally from one to five years in duration , as a prime contractor or subcontractor for various u.s. government agencies . intense competition and long operating cycles are key characteristics of the company 's aerospace and defense industry where it is common for work on major programs to be shared among a number of companies . a company competing to be a prime contractor may , upon ultimate award of the contract to a competitor , become a subcontractor for the ultimate prime contracting company . ​ 22 corporate strategy ​ our drive for 10 vision encompasses five strategic levers that are key to growing our business and achieving long-term success . since launching drive for 10 in 2011 , we have made progress on each of the levers as follows : ​ ● maximizing value in our existing businesses by improving efficiencies in our beverage container and end facilities in north america , south america and europe , and expanding specialty container production across our global plant network to meet current demand ; leveraging plant floor systems in our beverage facilities to reduce costs and manage contractual provisions across our diverse customer base ; successfully acquiring and integrating a large global aluminum beverage business while also divesting underperforming steel food and steel aerosol packaging assets in north and south america and four beverage packaging facilities in china ; and in the remaining aluminum aerosol business , installing new extruded aluminum aerosol lines in our european , mexican and indian facilities while also implementing cost-out and value-in initiatives across all of our businesses ; ​ ● expanding further into new products and capabilities through commercializing our new lightweight , infinitely recyclable aluminum cup and providing next-generation extruded aluminum aerosol packaging that utilizes proprietary technology to significantly lightweight the can ; and successfully introducing new specialty beverage cans and aluminum bottle-shaping technology ; ​ ● aligning ourselves with the right customers and markets by investing capital to meet continued growth for specialty beverage containers throughout our global network , which represent approximately 43 percent of our global beverage packaging mix ; aligning with spiked seltzer and craft brewers , sparkling and still water fillers , wine producers and other new beverage producers who continue to use aluminum beverage containers to grow their business ; ​ ● broadening our geographic reach with our acquisition of rexam and our new investments in beverage manufacturing facilities in the united states , paraguay , spain , mexico , myanmar and panama , as well as an extruded aluminum aerosol manufacturing facility in india and construction of a dedicated aluminum cup manufacturing facility in the u.s. ; and ​ ● leveraging our technological expertise in packaging innovation , including the introduction of our new proprietary , brandable lightweight aluminum cup and providing next-generation aluminum bottle-shaping technologies and the increased production of lightweight real® containers , which utilize technology that increases the strength of aluminum used in the manufacturing process while lightweighting the can by up to 20 percent over a standard aluminum aerosol can , as well as our investment in cyber , data analytics methane monitoring , 5g and lidar capabilities to further enhance our aerospace technical expertise across a broader customer portfolio . ​ these ongoing business developments help us stay close to our customers while expanding and or sustaining our industry positions and global reach with major beverage , personal care , household products and aerospace customers . story_separator_special_tag ​ story_separator_special_tag style= `` background-color : # 000000 ; height:1pt ; position : relative ; top:0.6em ; width:25.0 % ; border : none ; margin:0 auto 0 0 ; `` > ( a ) amounts reported in local currencies have been translated at year end 2019 exchange rates . ( b ) amounts represent future cash payments due and exclude future amortization of debt issuance costs of $ 65 million at december 31 , 2019 . ( c ) for variable rate facilities , amounts are based on interest rates in effect at year end and do not contemplate the effects of any hedging instruments utilized by the company . ( d ) the company 's purchase obligations include capital expenditures and contracted amounts for aluminum , steel and other direct materials . also included are commitments for purchases of natural gas and electricity , expenses related to aerospace and technologies contracts and other less significant items . in cases where variable prices and or usage are involved , management 's best estimates have been used . depending on the circumstances , early termination of the contracts may or may not result in penalties and , therefore , actual payments could vary significantly . ( e ) as of december 31 , 2019 , the company has manufacturing equipment leases that have not yet commenced for which the payments are not known at this time . these leases will commence in 2020 and 2021 with lease terms of 10 years . ​ the table above excludes $ 63 million of uncertain tax positions , as the ultimate timing of resolution for these matters is unknown at this time . ​ also excluded from the table above are contributions to the company 's defined benefit pension plans , which are expected to be approximately $ 90 million in 2020. this estimate may change based on changes in the pension protection act , actual plan asset performance and available company cash flow , among other factors . benefit payments related to the plans are expected to be approximately $ 393 million , $ 361 million , $ 366 million , $ 370 million and $ 373 million for the years ending december 31 , 2020 through 2024 , respectively , and approximately $ 1.9 billion for the years ending december 31 , 2025 through 2029 . 30 based on changes in return on asset and discount rate assumptions , as well as revisions based on plan experience studies , total pension expense in 2020 , is anticipated to be approximately $ 2 million higher than in 2019. a reduction of the expected return on pension assets assumption by one quarter of a percentage point would result in an increase of approximately $ 14 million in total 2020 pension expense , while a quarter of a percentage point reduction in the discount rate applied to the pension liability would result in an estimated $ 1 million increase of pension expense in 2020. additional details about our defined benefit pension plans are available in note 17 to the consolidated financial statements within item 8 of this annual report . ​ contingencies ​ the company is routinely subject to litigation incident to operating its businesses , and has been designated by various federal and state environmental agencies as a potentially responsible party , along with numerous other companies , for the clean-up of several hazardous waste sites , including in respect of sites related to alleged activities of certain rexam subsidiaries . the company believes the matters identified will not have a material adverse effect upon its liquidity , results of operations or financial condition . details of the company 's legal proceedings are included in note 23 to the consolidated financial statements within item 8 of this annual report . ​ forward-looking statements ​ this report contains `` forward-looking `` statements concerning future events and financial performance . words such as `` expects , `` `` anticipates , `` `` estimates , `` `` believes , `` `` targets , `` `` likely , `` `` positions `` and similar expressions typically identify forward-looking statements , which are generally any statements other than statements of historical fact . such statements are based on current expectations or views of the future and are subject to risks and uncertainties , which could cause actual results or events to differ materially from those expressed or implied . you should therefore not place undue reliance upon any forward-looking statements and any such statements should be read in conjunction with , and , qualified in their entirety by , the cautionary statements referenced below . the company undertakes no obligation to publicly update or revise any forward-looking statements , whether as a result of new information , future events or otherwise . key factors , risks and uncertainties that could cause actual outcomes and results to be different are summarized in filings with the securities and exchange commission , including exhibit 99 in our form 10-k , which are available on our website and at www.sec.gov . additional factors that might affect : a ) our packaging segments include product capacity , supply , and demand constraints and fluctuations ; availability/cost of raw materials and logistics ; competitive packaging , pricing and substitution ; changes in climate and weather ; footprint adjustments and other manufacturing changes , including the startup of new facilities and lines ; failure to achieve synergies , productivity improvements or cost reductions ; mandatory deposit or other restrictive packaging laws ; customer and supplier consolidation ; power and supply chain interruptions ; potential delays and tariffs related to the u.k 's departure from the eu ; changes in major customer or supplier contracts or a loss of a major customer or supplier ; political instability and sanctions ; currency controls ; changes in foreign exchange or tax rates ; and tariffs , trade actions , or other governmental actions in any country affecting goods produced

debt facilities and refinancing ​ given our cash flow projections and unused credit facilities that are available until march 2024 , our liquidity is strong and is expected to meet our ongoing cash and debt service requirements . total interest-bearing debt was $ 7.8 billion at december 31 , 2019 , compared to $ 6.7 billion at december 31 , 2018 . ​ in november 2019 , ball issued 1.3 billion in aggregate principal amount of 1.50 % and 0.875 % euro-denominated senior notes for general corporate purposes . ​ in january 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 . ​ in march , 2019 , the company refinanced its existing credit facilities with a u.s. dollar term loan facility , a u.s. dollar revolving facility and a multi-currency revolving facility that mature in march 2024. the revolving facilities provide the company with up to the u.s. dollar equivalent of $ 1.75 billion . ​ in march 2018 , ball issued $ 750 million of 4.875 % senior notes and used the proceeds to repay $ 315 million of its term a loan , as well as outstanding multi-currency revolver and short-term credit facility borrowings .


 Write a concise suspicious activity report of the following text delimited by triple backquotes. Return your response as a formal report which covers the key points highlighting the location,dates,entity names and account holder information in chronological order of the text.
     ```debt facilities and refinancing ​ given our cash flow projections and unused credit facilities that are available until march 2024 , our liquidity is strong and is expected to meet our ongoing cash and debt service requirements . total interest-bearing debt was $ 7.8 billion at december 31 , 2019 , compared to $ 6.7 billion at december 31 , 2018 . ​ in november 2019 , ball issued 1.3 billion in aggregate principal amount of 1.50 % and 0.875 % euro-denominated senior notes for general corporate purposes . ​ in january 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 . ​ in march , 2019 , the company refinanced its existing credit facilities with a u.s. dollar term loan facility , a u.s. dollar revolving facility and a multi-currency revolving facility that mature in march 2024. the revolving facilities provide the company with up to the u.s. dollar equivalent of $ 1.75 billion . ​ in march 2018 , ball issued $ 750 million of 4.875 % senior notes and used the proceeds to repay $ 315 million of its term a loan , as well as outstanding multi-currency revolver and short-term credit facility borrowings .
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 Suspicious Activity Report : in the aluminum packaging industry , sales and earnings can be increased by reducing costs , increasing prices , developing new products , expanding volumes and making strategic acquisitions . we also provide aerospace and other technologies and services to governmental and commercial customers , including national defense hardware , antenna and video tactical solutions , civil and operational space hardware and system engineering services . ​ we sell our aluminum packaging products mainly to large , multinational beverage , personal care and household products companies with which we have developed long-term relationships . this is evidenced by our high customer retention and our large number of long-term supply contracts . while we have a diversified customer base , we sell a significant portion of our packaging products to major companies and brands , as well as to numerous regional customers . the overall global aluminum beverage and aerosol container industries are growing and are expected to continue to grow in the medium to long term . the primary customers for the products and services provided by our aerospace segment are u.s. government agencies or their prime contractors . ​ we purchase our raw materials from relatively few suppliers . we also have exposure to inflation , in particular the rising costs of raw materials , as well as other direct cost inputs . we mitigate our exposure to the changes in the costs of aluminum through the inclusion of provisions in contracts covering the majority of our volumes to pass through aluminum price changes , as well as through the use of derivative instruments . the pass-through provisions generally result in proportional increases or decreases in sales and costs with a greatly reduced impact , if any , on net earnings . because of our customer and supplier concentration , our business , financial condition and results of operations could be adversely affected by the loss , insolvency or bankruptcy of a major customer or supplier or a change in a supply agreement with a major customer or supplier , although our contract provisions generally mitigate the risk of customer loss , and our long-term relationships represent a known , stable customer base . ​ the majority of the aerospace business involves work under contracts , generally from one to five years in duration , as a prime contractor or subcontractor for various u.s. government agencies . intense competition and long operating cycles are key characteristics of the company 's aerospace and defense industry where it is common for work on major programs to be shared among a number of companies . a company competing to be a prime contractor may , upon ultimate award of the contract to a competitor , become a subcontractor for the ultimate prime contracting company . ​ 22 corporate strategy ​ our drive for 10 vision encompasses five strategic levers that are key to growing our business and achieving long-term success . since launching drive for 10 in 2011 , we have made progress on each of the levers as follows : ​ ● maximizing value in our existing businesses by improving efficiencies in our beverage container and end facilities in north america , south america and europe , and expanding specialty container production across our global plant network to meet current demand ; leveraging plant floor systems in our beverage facilities to reduce costs and manage contractual provisions across our diverse customer base ; successfully acquiring and integrating a large global aluminum beverage business while also divesting underperforming steel food and steel aerosol packaging assets in north and south america and four beverage packaging facilities in china ; and in the remaining aluminum aerosol business , installing new extruded aluminum aerosol lines in our european , mexican and indian facilities while also implementing cost-out and value-in initiatives across all of our businesses ; ​ ● expanding further into new products and capabilities through commercializing our new lightweight , infinitely recyclable aluminum cup and providing next-generation extruded aluminum aerosol packaging that utilizes proprietary technology to significantly lightweight the can ; and successfully introducing new specialty beverage cans and aluminum bottle-shaping technology ; ​ ● aligning ourselves with the right customers and markets by investing capital to meet continued growth for specialty beverage containers throughout our global network , which represent approximately 43 percent of our global beverage packaging mix ; aligning with spiked seltzer and craft brewers , sparkling and still water fillers , wine producers and other new beverage producers who continue to use aluminum beverage containers to grow their business ; ​ ● broadening our geographic reach with our acquisition of rexam and our new investments in beverage manufacturing facilities in the united states , paraguay , spain , mexico , myanmar and panama , as well as an extruded aluminum aerosol manufacturing facility in india and construction of a dedicated aluminum cup manufacturing facility in the u.s. ; and ​ ● leveraging our technological expertise in packaging innovation , including the introduction of our new proprietary , brandable lightweight aluminum cup and providing next-generation aluminum bottle-shaping technologies and the increased production of lightweight real® containers , which utilize technology that increases the strength of aluminum used in the manufacturing process while lightweighting the can by up to 20 percent over a standard aluminum aerosol can , as well as our investment in cyber , data analytics methane monitoring , 5g and lidar capabilities to further enhance our aerospace technical expertise across a broader customer portfolio . ​ these ongoing business developments help us stay close to our customers while expanding and or sustaining our industry positions and global reach with major beverage , personal care , household products and aerospace customers . story_separator_special_tag ​ story_separator_special_tag style= `` background-color : # 000000 ; height:1pt ; position : relative ; top:0.6em ; width:25.0 % ; border : none ; margin:0 auto 0 0 ; `` > ( a ) amounts reported in local currencies have been translated at year end 2019 exchange rates . ( b ) amounts represent future cash payments due and exclude future amortization of debt issuance costs of $ 65 million at december 31 , 2019 . ( c ) for variable rate facilities , amounts are based on interest rates in effect at year end and do not contemplate the effects of any hedging instruments utilized by the company . ( d ) the company 's purchase obligations include capital expenditures and contracted amounts for aluminum , steel and other direct materials . also included are commitments for purchases of natural gas and electricity , expenses related to aerospace and technologies contracts and other less significant items . in cases where variable prices and or usage are involved , management 's best estimates have been used . depending on the circumstances , early termination of the contracts may or may not result in penalties and , therefore , actual payments could vary significantly . ( e ) as of december 31 , 2019 , the company has manufacturing equipment leases that have not yet commenced for which the payments are not known at this time . these leases will commence in 2020 and 2021 with lease terms of 10 years . ​ the table above excludes $ 63 million of uncertain tax positions , as the ultimate timing of resolution for these matters is unknown at this time . ​ also excluded from the table above are contributions to the company 's defined benefit pension plans , which are expected to be approximately $ 90 million in 2020. this estimate may change based on changes in the pension protection act , actual plan asset performance and available company cash flow , among other factors . benefit payments related to the plans are expected to be approximately $ 393 million , $ 361 million , $ 366 million , $ 370 million and $ 373 million for the years ending december 31 , 2020 through 2024 , respectively , and approximately $ 1.9 billion for the years ending december 31 , 2025 through 2029 . 30 based on changes in return on asset and discount rate assumptions , as well as revisions based on plan experience studies , total pension expense in 2020 , is anticipated to be approximately $ 2 million higher than in 2019. a reduction of the expected return on pension assets assumption by one quarter of a percentage point would result in an increase of approximately $ 14 million in total 2020 pension expense , while a quarter of a percentage point reduction in the discount rate applied to the pension liability would result in an estimated $ 1 million increase of pension expense in 2020. additional details about our defined benefit pension plans are available in note 17 to the consolidated financial statements within item 8 of this annual report . ​ contingencies ​ the company is routinely subject to litigation incident to operating its businesses , and has been designated by various federal and state environmental agencies as a potentially responsible party , along with numerous other companies , for the clean-up of several hazardous waste sites , including in respect of sites related to alleged activities of certain rexam subsidiaries . the company believes the matters identified will not have a material adverse effect upon its liquidity , results of operations or financial condition . details of the company 's legal proceedings are included in note 23 to the consolidated financial statements within item 8 of this annual report . ​ forward-looking statements ​ this report contains `` forward-looking `` statements concerning future events and financial performance . words such as `` expects , `` `` anticipates , `` `` estimates , `` `` believes , `` `` targets , `` `` likely , `` `` positions `` and similar expressions typically identify forward-looking statements , which are generally any statements other than statements of historical fact . such statements are based on current expectations or views of the future and are subject to risks and uncertainties , which could cause actual results or events to differ materially from those expressed or implied . you should therefore not place undue reliance upon any forward-looking statements and any such statements should be read in conjunction with , and , qualified in their entirety by , the cautionary statements referenced below . the company undertakes no obligation to publicly update or revise any forward-looking statements , whether as a result of new information , future events or otherwise . key factors , risks and uncertainties that could cause actual outcomes and results to be different are summarized in filings with the securities and exchange commission , including exhibit 99 in our form 10-k , which are available on our website and at www.sec.gov . additional factors that might affect : a ) our packaging segments include product capacity , supply , and demand constraints and fluctuations ; availability/cost of raw materials and logistics ; competitive packaging , pricing and substitution ; changes in climate and weather ; footprint adjustments and other manufacturing changes , including the startup of new facilities and lines ; failure to achieve synergies , productivity improvements or cost reductions ; mandatory deposit or other restrictive packaging laws ; customer and supplier consolidation ; power and supply chain interruptions ; potential delays and tariffs related to the u.k 's departure from the eu ; changes in major customer or supplier contracts or a loss of a major customer or supplier ; political instability and sanctions ; currency controls ; changes in foreign exchange or tax rates ; and tariffs , trade actions , or other governmental actions in any country affecting goods produced

