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Share Owners' Equity | 6 Months Ended
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Jun. 30, 2021
Share Owners' Equity |
Share Owners' Equity | ​ 11. Share Owners’ Equity ​ The activity in share owners’ equity for the three months ended June 30, 2021 and 2020 is as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Share Owners’ Equity of the Company | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | Accumulated |  | ​ | ​ |  | ​ |
​ | ​ | ​ | ​ | ​ | Capital in | ​ | ​ | ​ | ​ | ​ | Retained | Other | ​ | Non- | ​ | Total Share | ​
​ | ​ | Common | ​ | Excess of | ​ | Treasury | ​ | Earnings | ​ | Comprehensive | ​ | controlling | ​ | Owners' | ​
​ | ​ | Stock | ​ | Par Value | ​ | Stock | ​ | (Loss) | ​ | Loss | ​ | Interests | ​ | Equity | ​
Balance on April 1, 2021 | ​ | $ | 2 | ​ | $ | 3,131 | ​ | ​ | (712) | ​ | $ | 55 | ​ | $ | (2,320) | ​ | $ | 106 | ​ | $ | 262 | ​
Issuance of common stock (0.05 million shares) | ​ | ​ | ​ | ​ | ​ | 1 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | 1 | ​
Reissuance of common stock (0.1 million shares) | ​ | ​ | ​ | ​ | ​ | (1) | ​ | ​ | 3 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | 2 | ​
Shares repurchased (1.0 million shares) | ​ | ​ | ​ | ​ | ​ | (20) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | (20) | ​
Stock compensation (0.3 million shares) | ​ | ​ | ​ | ​ | ​ | 4 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | 4 | ​
Net earnings | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | 118 | ​ | ​ | ​ | ​ | ​ | 5 | ​ |  | 123 | ​
Other comprehensive income (loss) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | 140 | ​ | ​ | (8) | ​ |  | 132 | ​
Other | ​ | ​ | ​ | ​ | ​ | (2) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | (2) | ​
Balance on June 30, 2021 | ​ | $ | 2 | ​ | $ | 3,113 | ​ | $ | (709) | ​ | $ | 173 | ​ | $ | (2,180) | ​ | $ | 103 | ​ | $ | 502 | ​
​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Share Owners’ Equity of the Company | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | Accumulated |  | ​ | ​ |  | ​ | ​
​ | ​ | ​ | ​ | ​ | Capital in | ​ | ​ | ​ | ​ | Retained | ​ | Other | ​ | Non- | ​ | Total Share | ​
​ | ​ | Common | ​ | Excess of | ​ | Treasury | ​ | Earnings | ​ | Comprehensive | ​ | controlling | ​ | Owners' | ​
​ |  | Stock |  | Par Value |  | Stock | ​ | (Loss) | ​ | Loss | ​ | Interests | ​ | Equity |
Balance on April 1, 2020 | ​ | $ | 2 | ​ | $ | 3,128 | ​ | $ | (730) | ​ | $ | (47) | ​ | $ | (2,370) | ​ | $ | 93 | ​ | $ | 76 | ​
Reissuance of common stock (0.3 million shares) | ​ | ​ | ​ | ​ | ​ | (4) | ​ | ​ | 7 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | 3 | ​
Stock compensation (0.1 million shares) | ​ | ​ | ​ | ​ | ​ | 4 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | 4 | ​
Net earnings (loss) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | (101) | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | (101) | ​
Other comprehensive Income (loss) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | 62 | ​ | ​ | (2) | ​ |  | 60 | ​
Balance on June 30, 2020 | ​ | $ | 2 | ​ | $ | 3,128 | ​ | $ | (723) | ​ | $ | (148) | ​ | $ | (2,308) | ​ | $ | 91 | ​ | $ | 42 | ​
​ ​ The activity in share owners’ equity for the six months ended June 30, 2021 and 2020 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) | ​ | Loss | ​ | Interests | ​ | Equity |
Balance on January 1, 2021 | ​ | $ | 2 | ​ | $ | 3,129 | ​ | $ | (714) | ​ | $ | 152 | ​ | $ | (2,272) | ​ | $ | 104 | ​ | $ | 401 | ​
Issuance of common stock (0.05 million shares) | ​ | ​ | ​ | ​ | ​ | 1 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | 1 | ​
Reissuance of common stock (0.3 million shares) | ​ | ​ | ​ | ​ | ​ | (3) | ​ | ​ | 7 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | 4 | ​
Shares repurchased (1.0 million shares) | ​ | ​ | ​ | ​ | ​ | (20) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | (20) | ​
Stock compensation (0.6 million shares) | ​ | ​ | ​ | ​ | ​ | 8 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | 8 | ​
Net earnings | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | 21 | ​ | ​ | ​ | ​ | ​ | 12 | ​ | ​ | 33 | ​
Other comprehensive income (loss) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | 92 | ​ | ​ | (14) | ​ | ​ | 78 | ​
Other | ​ | ​ | ​ | ​ | ​ | (2) | ​ | ​ | (2) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | 1 | ​ | ​ | (3) | ​
Balance on June 30, 2021 | ​ | $ | 2 | ​ | $ | 3,113 | ​ | $ | (709) | ​ | $ | 173 | ​ | $ | (2,180) | ​ | $ | 103 | ​ | $ | 502 | ​
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Share Owners’ Equity of the Company | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | Accumulated |  | ​ | ​ |  | ​ | ​
​ | ​ | ​ | ​ | ​ | Capital in | ​ | ​ | ​ | ​ | ​ | Retained | ​ | Other | ​ | Non- | ​ | Total Share | ​
​ | ​ | Common | ​ | Excess of | ​ | Treasury | ​ | Earnings | ​ | Comprehensive | ​ | controlling | ​ | Owners' | ​
​ | ​ | Stock | ​ | Par Value | ​ | Stock | ​ | (Loss) | ​ | Loss | ​ | Interests | ​ | Equity |
Balance on January 1, 2020 | ​ | $ | 2 | ​ | $ | 3,130 | ​ | $ | (733) | ​ | $ | (89) | ​ | $ | (1,843) | ​ | $ | 97 | ​ | $ | 564 | ​
Reissuance of common stock (0.5 million shares) | ​ | ​ | ​ | ​ | ​ | (7) | ​ | ​ | 12 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | 5 | ​
Stock compensation (0.8 million shares) | ​ | ​ | ​ | ​ | ​ | 5 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | 5 | ​
Net earnings (loss) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | (51) | ​ | ​ | ​ | ​ | ​ | 5 | ​ |  | (46) | ​
Other comprehensive income (loss) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | (465) | ​ | ​ | (11) | ​ |  | (476) | ​
Dividends declared | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | (8) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | (8) | ​
Other | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | (2) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | (2) | ​
Balance on June 30, 2020 | ​ | $ | 2 | ​ | $ | 3,128 | ​ | $ | (723) | ​ | $ | (148) | ​ | $ | (2,308) | ​ | $ | 91 | ​ | $ | 42 | ​
​ During the three months ended June 30, 2021, the Company purchased 1,047,316 shares of its common stock for approximately $20 million. The stock purchases were pursuant to a $150 million anti-dilutive share repurchase program authorized by the Company’s Board of Directors that is intended to offset stock based compensation provided to the Company’s directors, officers, and employees. Approximately $130 million remained available for purchases under this program as of June 30, 2021. 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, |
​ |  | 2021 |  | 2020 |  | 2020 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Shares of common stock issued (including treasury shares) |  | 189,029 | ​ | 189,305 | ​ | 189,294 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Treasury shares |  | 31,745 | ​ | 31,911 | ​ | 32,338 | ​
​ ​ ​​

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