11. Share Owners’ Equity

The activity in share owners’ equity for the three months ended March 31, 2019 and 2018 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, 2019	$	2		3,124		(705)		333		(1,968)		114	$	900
Reissuance of common stock (0.1 million shares)				2		3								5
Treasury shares purchased (2.1 million shares)						(38)								(38)
Stock compensation (0.5 million shares)				4										4
Net earnings								79				5		84
Other comprehensive income										57		3		60
Other						(5)								(5)
Balance on March 31, 2019	$	2	$	3,130	$	(745)	$	412	$	(1,911)	$	122	$	1,010


	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)		84		(1,826)		119	$	927
Reissuance of common stock (.03 million shares)						1								1
Treasury shares purchased (2.0 million shares)						(45)								(45)
Stock compensation (0.5 million shares)				5										5
Net earnings								98				5		103
Other comprehensive income										122		6		128
Balance on March 31, 2018	$	2	$	3,104	$	(595)	$	182	$	(1,704)	$	130	$	1,119

During the three months ended March 31, 2019 and 2018, the Company purchased 2,064,652 and 1,999,759 shares of its common stock for approximately $38 million and $45 million, respectively. The stock purchases were pursuant to the authorization by its Board of Directors that had approximately $512 million in remaining purchase authority as of March 31, 2019.

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)
	March 31,	December 31,	March 31,
	2019	2018	2018

Shares of common stock issued (including treasury shares)	188,348	186,576	186,324

Treasury shares	33,117	30,918	24,617