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Share Owners' Equity | 6 Months Ended
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Jun. 30, 2018
Share Owners' Equity |
Share Owners' Equity | 10. Share Owners’ Equity The activity in share owners’ equity for the three months ended June 30, 2018 and 2017 is as follows:
|  | Share Owners’ Equity of the Company |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  |  |  |  |  | Accumulated |  |  |  |  |  |
|  |  |  |  | Capital in |  |  |  |  |  |  |  | Other |  | Non- |  | Total Share |
|  | Common |  | Excess of |  | Treasury |  | Retained |  | Comprehensive |  | controlling |  | Owners' |
|  | Stock |  | Par Value |  | Stock |  | Earnings |  | Loss |  | Interests |  | Equity |
Balance on April 1, 2018 |  | $ | 2 |  | $ | 3,104 |  | $ | (595) |  | $ | 182 |  | $ | (1,704) |  | $ | 130 |  | $ | 1,119 |
Reissuance of common stock (31,468 shares) |  |  |  |  |  |  |  |  | 3 |  |  |  |  |  |  |  |  |  |  |  | 3 |
Treasury shares purchased (2,676,363 shares) |  |  |  |  |  |  |  |  | (50) |  |  |  |  |  |  |  |  |  |  |  | (50) |
Stock compensation |  |  |  |  |  | 11 |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 11 |
Net earnings |  |  |  |  |  |  |  |  |  |  |  | 50 |  |  |  |  |  | 6 |  |  | 56 |
Other comprehensive loss |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (225) |  |  | (15) |  |  | (240) |
Balance on June 30, 2018 |  | $ | 2 |  | $ | 3,115 |  | $ | (642) |  | $ | 232 |  | $ | (1,929) |  | $ | 121 |  | $ | 899 |
|  | Share Owners’ Equity of the Company |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  |  |  |  |  | Accumulated |  |  |  |  |  |
|  |  |  |  | Capital in |  |  |  |  |  |  |  | Other |  | Non- |  | Total Share |
|  | Common |  | Excess of |  | Treasury |  | Retained |  | Comprehensive |  | controlling |  | Owners' |
|  | Stock |  | Par Value |  | Stock |  | Earnings |  | Loss |  | Interests |  | Equity |
Balance on April 1, 2017 |  | $ | 2 |  | $ | 3,083 |  | $ | (557) |  | $ | (48) |  | $ | (1,981) |  | $ | 116 |  | $ | 615 |
Reissuance of common stock (199,478 shares) |  |  |  |  |  |  |  |  | 2 |  |  |  |  |  |  |  |  |  |  |  | 2 |
Stock compensation |  |  |  |  |  | 5 |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 5 |
Net earnings |  |  |  |  |  |  |  |  |  |  |  | 140 |  |  |  |  |  | 3 |  |  | 143 |
Other comprehensive income (loss) |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 24 |  |  | (10) |  |  | 14 |
Balance on June 30, 2017 |  | $ | 2 |  | $ | 3,088 |  | $ | (555) |  | $ | 92 |  | $ | (1,957) |  | $ | 109 |  | $ | 779 |
The activity in share owners’ equity for the six months ended June 30, 2018 and 2017 is as follows:
|  | Share Owners’ Equity of the Company |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  |  |  |  |  | Accumulated |  |  |  |  |  |
|  |  |  |  | Capital in |  |  |  |  |  |  |  | Other |  | Non- |  | Total Share |
|  | Common |  | Excess of |  | Treasury |  | Retained |  | Comprehensive |  | controlling |  | Owners' |
|  | Stock |  | Par Value |  | Stock |  | Earnings |  | Loss |  | Interests |  | Equity |
Balance on January 1, 2018 |  | $ | 2 |  | $ | 3,099 |  | $ | (551) |  |  | 85 |  | $ | (1,827) |  | $ | 119 |  | $ | 927 |
Reissuance of common stock (286,455 shares) |  |  |  |  |  |  |  |  | 4 |  |  |  |  |  |  |  |  |  |  |  | 4 |
Treasury shares purchased (4,676,122 shares) |  |  |  |  |  |  |  |  | (95) |  |  |  |  |  |  |  |  |  |  |  | (95) |
Stock compensation |  |  |  |  |  | 16 |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 16 |
Net earnings |  |  |  |  |  |  |  |  |  |  |  | 147 |  |  |  |  |  | 11 |  |  | 158 |
Other comprehensive loss |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (102) |  |  | (9) |  |  | (111) |
Balance on June 30, 2018 |  | $ | 2 |  | $ | 3,115 |  | $ | (642) |  | $ | 232 |  | $ | (1,929) |  | $ | 121 |  | $ | 899 |
|  | Share Owners’ Equity of the Company |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  |  |  |  |  | Accumulated |  |  |  |  |  |
|  |  |  |  | Capital in |  |  |  |  |  |  |  | Other |  | Non- |  | Total Share |
|  | Common |  | Excess of |  | Treasury |  | Retained |  | Comprehensive |  | controlling |  | Owners' |
|  | Stock |  | Par Value |  | Stock |  | Earnings |  | Loss |  | Interests |  | Equity |
Balance on January 1, 2017 |  | $ | 2 |  | $ | 3,080 |  | $ | (560) |  |  | (96) |  | $ | (2,172) |  | $ | 109 |  | $ | 363 |
Reissuance of common stock (297,875 shares) |  |  |  |  |  |  |  |  | 5 |  |  |  |  |  |  |  |  |  |  |  | 5 |
Stock compensation |  |  |  |  |  | 8 |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 8 |
Net earnings |  |  |  |  |  |  |  |  |  |  |  | 188 |  |  |  |  |  | 8 |  |  | 196 |
Other comprehensive income (loss) |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 215 |  |  | (8) |  |  | 207 |
Balance on June 30, 2017 |  | $ | 2 |  | $ | 3,088 |  | $ | (555) |  | $ | 92 |  | $ | (1,957) |  | $ | 109 |  | $ | 779 |
During the three and six months ended June 30, 2018, the Company purchased 2,676,363 and 4,676,122 shares, respectively, of its common stock for approximately $50 million and $95 million, respectively, pursuant to the authorization by its Board of Directors in January 2018 to purchase up to $400 million of the Company’s common stock. The Company has 250,000,000 shares of common stock authorized with a par value of $.01 per share. Shares outstanding are as follows:
|  | Shares Outstanding (in thousands) |
|  | June 30, |  | December 31, |  | June 30, |
|  | 2018 |  | 2017 |  | 2017 |
Shares of common stock issued (including treasury shares) |  | 186,423 |  | 185,728 |  | 185,692 |
Treasury shares |  | 27,176 |  | 22,649 |  | 22,816 |

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- References No definition available. + Details
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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 505 -URI http://asc.fasb.org/topic&trid=2208762 + Details
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