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