10. Share Owners’ Equity

The activity in share owners’ equity for the three months ended September 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 July 1, 2018	$	2	$	3,115	$	(642)	$	232	$	(1,929)	$	120	$	898
Issuance of common stock (0.01 million shares)														—
Reissuance of common stock (0.1 million shares)						3								3
Treasury shares purchased (0.7 million shares)						(12)								(12)
Stock compensation (0.05 million shares)				5										5
Net earnings								120				7		127
Other comprehensive income (loss)										54		(8)		46
Balance on September 30, 2018	$	2	$	3,120	$	(651)	$	352	$	(1,875)	$	119	$	1,067


	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 July 1, 2017	$	2	$	3,088	$	(555)	$	92	$	(1,957)	$	109	$	779
Issuance of common stock (0.03 million shares)														—
Reissuance of common stock (0.1 million shares)						2								2
Stock compensation (0.1 million shares)				5										5
Net earnings								126				7		133
Other comprehensive income										19		1		20
Balance on September 30, 2017	$	2	$	3,093	$	(553)	$	218	$	(1,938)	$	117	$	939

The activity in share owners’ equity for the nine months ended September 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
Issuance of common stock (0.03 million shares)														—
Reissuance of common stock (0.3 million shares)						7								7
Treasury shares purchased (5.4 million shares)						(107)								(107)
Stock compensation (0.7 million shares)				21										21
Net earnings								267				18		285
Other comprehensive loss										(48)		(18)		(66)
Balance on September 30, 2018	$	2	$	3,120	$	(651)	$	352	$	(1,875)	$	119	$	1,067


	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
Issuance of common stock (0.05 million shares)														—
Reissuance of common stock (0.3 million shares)						7								7
Stock compensation (0.3 million shares)				13										13
Net earnings								314				15		329
Other comprehensive income (loss)										234		(7)		227
Balance on September 30, 2017	$	2	$	3,093	$	(553)	$	218	$	(1,938)	$	117	$	939

During the three and nine months ended September 30, 2018, the Company purchased 682,028 and 5,358,150 shares, respectively, of its common stock for approximately $12 million and $107 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)
	September 30,	December 31,	September 30,
	2018	2017	2017

Shares of common stock issued (including treasury shares)	186,440	185,728	185,722

Treasury shares	27,741	22,649	22,731