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Share Owners' Equity

6 Months Ended

Jun. 30, 2019

Share Owners' Equity

Share Owners' Equity

11. Share Owners’ Equity

The activity in share owners’ equity for the three months ended June 30, 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 April 1, 2019		$	2			3,130			(745)			412			(1,911)			122		$	1,010
Reissuance of common stock (0.1 million shares)									3												3
Stock compensation (0.5 million shares)						6															6
Net earnings												65						5			70
Other comprehensive income (loss)															20			(12)			8
Dividends declared												(7)									(7)
Balance on June 30, 2019		$	2		$	3,136		$	(742)		$	470		$	(1,891)		$	115		$	1,090


		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 (0.03 million shares)									3												3
Treasury shares purchased (2.7 million shares)									(50)												(50)
Stock compensation (0.5 million shares)						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

The activity in share owners’ equity for the six months ended June 30, 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
Issuance of common stock (0.1 million shares)						2															2
Reissuance of common stock (0.2 million shares)						(1)			6												5
Treasury shares purchased (2.1 million shares)									(38)												(38)
Stock compensation (1.7 million shares)						11															11
Net earnings												144						10			154
Other comprehensive income (loss)															77			(9)			68
Dividends declared												(7)									(7)
Other									(5)												(5)
Balance on June 30, 2019		$	2		$	3,136		$	(742)		$	470		$	(1,891)		$	115		$	1,090


		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 (0.3 million shares)									4												4
Treasury shares purchased (4.7 million shares)									(95)												(95)
Stock compensation (0.3 million shares)						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

During the three months ended June 30, 2018, the Company purchased 2,676,363 shares of its common stock for approximately $50 million. During the six months ended June 30, 2019 and 2018, the Company purchased 2,064,652 and 4,676,122 shares of its common stock for approximately $38 million and $95 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 June 30, 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)
		June 30,		December 31,		June 30,
		2019		2018		2018

Shares of common stock issued (including treasury shares)		188,435		186,576		186,423

Treasury shares		32,978		30,918		27,176