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Share Owners' Equity

6 Months Ended

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