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Share Owners' Equity | 9 Months Ended
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Sep. 30, 2013
Share Owners' Equity |
Share Owners' Equity | 9. Share Owners’ Equity The activity in share owners’ equity for the three months ended September 30, 2013 and 2012 is as follows:
|  | Share Owners’ Equity of the Company |  |  |  |  |
|  | Common Stock |  | Capital in Excess of Par Value |  | Treasury Stock |  | Retained Earnings (Loss) |  | Accumulated Other Comprehensive Loss |  | Non- controlling Interests |  | Total Share Owners’ Equity |
Balance on July 1, 2013 |  | $ | 2 |  | $ | 3,018 |  | $ | (433 | ) | $ | 6 |  | $ | (1,559 | ) | $ | 160 |  | $ | 1,194 |
Issuance of common stock (0.9 million shares) |  |  |  | 15 |  |  |  |  |  |  |  |  |  | 15 |
Reissuance of common stock (0.05 million shares) |  |  |  |  |  | 1 |  |  |  |  |  |  |  | 1 |
Treasury shares purchased (0.4 million shares) |  |  |  |  |  | (10 | ) |  |  |  |  |  |  | (10 | )
Stock compensation |  |  |  | 1 |  |  |  |  |  |  |  |  |  | 1 |
Comprehensive income: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net earnings |  |  |  |  |  |  |  | 130 |  |  |  | 6 |  | 136 |
Foreign currency translation adjustments |  |  |  |  |  |  |  |  |  | 21 |  |  |  | 21 |
Pension and other postretirement benefit adjustments, net of tax |  |  |  |  |  |  |  |  |  | 18 |  |  |  | 18 |
Contributions from noncontrolling interests |  |  |  |  |  |  |  |  |  |  |  | 1 |  | 1 |
Balance on September 30, 2013 |  | $ | 2 |  | $ | 3,034 |  | $ | (442 | ) | $ | 136 |  | $ | (1,520 | ) | $ | 167 |  | $ | 1,377 |
|  | Share Owners’ Equity of the Company |  |  |  |  |
|  | Common Stock |  | Capital in Excess of Par Value |  | Treasury Stock |  | Retained Loss |  | Accumulated Other Comprehensive Loss |  | Non- controlling Interests |  | Total Share Owners’ Equity |
Balance on July 1, 2012 |  | $ | 2 |  | $ | 3,000 |  | $ | (402 | ) | $ | (125 | ) | $ | (1,373 | ) | $ | 142 |  | $ | 1,244 |
Issuance of common stock (0.1 million shares) |  |  |  | 1 |  |  |  |  |  |  |  |  |  | 1 |
Reissuance of common stock (0.1 million shares) |  |  |  | (1 | ) | 3 |  |  |  |  |  |  |  | 2 |
Treasury shares purchased (0.7 million shares) |  |  |  |  |  | (14 | ) |  |  |  |  |  |  | (14 | )
Stock compensation |  |  |  | 2 |  |  |  |  |  |  |  |  |  | 2 |
Comprehensive income: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net earnings |  |  |  |  |  |  |  | 90 |  |  |  | 7 |  | 97 |
Foreign currency translation adjustments |  |  |  |  |  |  |  |  |  | 84 |  | 2 |  | 86 |
Pension and other postretirement benefit adjustments, net of tax |  |  |  |  |  |  |  |  |  | 16 |  |  |  | 16 |
Change in fair value of derivative instruments |  |  |  |  |  |  |  |  |  | 3 |  |  |  | 3 |
Dividends paid to noncontrolling interests on subsidiary common stock |  |  |  |  |  |  |  |  |  |  |  | (1 | ) | (1 | )
Balance on September 30, 2012 |  | $ | 2 |  | $ | 3,002 |  | $ | (413 | ) | $ | (35 | ) | $ | (1,270 | ) | $ | 150 |  | $ | 1,436 |
The activity in share owners’ equity for the nine months ended September 30, 2013 and 2012 is as follows:
|  | Share Owners’ Equity of the Company |  |  |  |  |
|  | Common Stock |  | Capital in Excess of Par Value |  | Treasury Stock |  | Retained Earnings (Loss) |  | Accumulated Other Comprehensive Loss |  | Non- controlling Interests |  | Total Share Owners’ Equity |
Balance on January 1, 2013 |  | $ | 2 |  | $ | 3,005 |  | $ | (425 | ) | $ | (195 | ) | $ | (1,506 | ) | $ | 174 |  | $ | 1,055 |
Issuance of common stock (1.3 million shares) |  |  |  | 22 |  |  |  |  |  |  |  |  |  | 22 |
Reissuance of common stock (0.2 million shares) |  |  |  |  |  | 3 |  |  |  |  |  |  |  | 3 |
Treasury shares purchased (0.7 million shares) |  |  |  |  |  | (20 | ) |  |  |  |  |  |  | (20 | )
Repurchase of exchangeable notes |  |  |  | (1 | ) |  |  |  |  |  |  |  |  | (1 | )
Stock compensation |  |  |  | 8 |  |  |  |  |  |  |  |  |  | 8 |
Comprehensive income: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net earnings |  |  |  |  |  |  |  | 331 |  |  |  | 16 |  | 347 |
Foreign currency translation adjustments |  |  |  |  |  |  |  |  |  | (167 | ) | (6 | ) | (173 | )
Pension and other postretirement benefit adjustments, net of tax |  |  |  |  |  |  |  |  |  | 153 |  |  |  | 153 |
Dividends paid to noncontrolling interests on subsidiary common stock |  |  |  |  |  |  |  |  |  |  |  | (21 | ) | (21 | )
Contributions from noncontrolling interests |  |  |  |  |  |  |  |  |  |  |  | 4 |  | 4 |
Balance on September 30, 2013 |  | $ | 2 |  | $ | 3,034 |  | $ | (442 | ) | $ | 136 |  | $ | (1,520 | ) | $ | 167 |  | $ | 1,377 |
|  | Share Owners’ Equity of the Company |  |  |  |  |
|  | Common Stock |  | Capital in Excess of Par Value |  | Treasury Stock |  | Retained Loss |  | Accumulated Other Comprehensive Loss |  | Non- controlling Interests |  | Total Share Owners’ Equity |
Balance on January 1, 2012 |  | $ | 2 |  | $ | 2,991 |  | $ | (405 | ) | $ | (379 | ) | $ | (1,321 | ) | $ | 153 |  | $ | 1,041 |
Issuance of common stock (0.2 million shares) |  |  |  | 3 |  |  |  |  |  |  |  |  |  | 3 |
Reissuance of common stock (0.2 million shares) |  |  |  | (1 | ) | 6 |  |  |  |  |  |  |  | 5 |
Treasury shares purchased (0.7 million shares) |  |  |  |  |  | (14 | ) |  |  |  |  |  |  | (14 | )
Stock compensation |  |  |  | 9 |  |  |  |  |  |  |  |  |  | 9 |
Comprehensive income: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net earnings |  |  |  |  |  |  |  | 344 |  |  |  | 15 |  | 359 |
Foreign currency translation adjustments |  |  |  |  |  |  |  |  |  | (28 | ) | 6 |  | (22 | )
Pension and other postretirement benefit adjustments, net of tax |  |  |  |  |  |  |  |  |  | 73 |  |  |  | 73 |
Change in fair value of derivative instrument |  |  |  |  |  |  |  |  |  | 6 |  |  |  | 6 |
Dividends paid to noncontrolling interests on subsidiary common stock |  |  |  |  |  |  |  |  |  |  |  | (24 | ) | (24 | )
Balance on September 30, 2012 |  | $ | 2 |  | $ | 3,002 |  | $ | (413 | ) | $ | (35 | ) | $ | (1,270 | ) | $ | 150 |  | $ | 1,436 |
During the nine months ended September 30, 2013, the Company purchased 700,000 shares of its common stock for $20 million pursuant to authorization by its Board of Directors in August 2012 to purchase up to $75 million of the Company’s common stock until December 31, 2013.

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- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.29-31) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21506-112644 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 29, 30, 31 -Article 5 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB TOPIC 4.E) -URI http://asc.fasb.org/extlink&oid=27010918&loc=d3e74512-122707 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 4 -Subparagraph (SAB TOPIC 4.C) -URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187143-122770 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 08 -Article 4 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 4 -Section C Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 4 -Section E Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(d),(e)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Preferred Stock -URI http://asc.fasb.org/extlink&oid=6521494 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Article 3 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21463-112644 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187085-122770 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644 Reference 15: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21564-112644 Reference 16: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21488-112644 Reference 17: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21484-112644 Reference 18: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 08 -Paragraph d -Article 4 Reference 19: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6405834&loc=d3e23285-112656 + Details
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