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Share Owners' Equity (Tables)
9 Months Ended
Sep. 30, 2023
Share Owners' Equity  
Activity in share owner's equity

The activity in share owners’ equity for the three months ended September 30, 2023 and 2022 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, 2023

$

2

$

3,093

(687)

$

1,201

$

(1,587)

$

121

$

2,143

Reissuance of common stock (0.1 million shares)

2

 

2

Shares repurchased (0.5 million shares)

(10)

 

(10)

Stock compensation (0.0 million shares)

7

 

7

Net earnings

51

5

 

56

Other comprehensive income (loss)

(86)

1

 

(85)

Balance on September 30, 2023

$

2

$

3,090

$

(685)

$

1,252

$

(1,673)

$

127

$

2,113

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, 2022

$

2

$

3,085

$

(695)

$

641

$

(1,890)

$

116

$

1,259

Reissuance of common stock (0.2 million shares)

(2)

4

 

2

Shares repurchased (0.8 million shares)

(10)

(10)

Stock compensation (0.0 million shares)

10

 

10

Net earnings

231

4

 

235

Other comprehensive loss

(37)

(7)

 

(44)

Distributions to non-controlling interests

(1)

(1)

Balance on September 30, 2022

$

2

$

3,083

$

(691)

$

872

$

(1,927)

$

112

$

1,451

The activity in share owners’ equity for the nine months ended September 30, 2023 and 2022 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, 2023

$

2

$

3,079

$

(688)

$

885

$

(1,861)

$

111

$

1,528

Issuance of common stock (0.4 million shares)

5

5

Reissuance of common stock (0.4 million shares)

9

9

Shares repurchased (1.4 million shares)

(30)

(30)

Stock compensation (0.7 million shares)

36

36

Net earnings

367

12

379

Other comprehensive income

188

7

195

Distributions to non-controlling interests

(3)

(3)

Other

(6)

(6)

Balance on September 30, 2023

$

2

$

3,090

$

(685)

$

1,252

$

(1,673)

$

127

$

2,113

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, 2022

$

2

$

3,090

$

(701)

$

301

$

(1,972)

$

107

$

827

Reissuance of common stock (0.6 million shares)

(5)

13

 

8

Shares repurchased (2.3 million shares)

(30)

(30)

Stock compensation (0.5 million shares)

28

 

28

Net earnings

571

41

 

612

Other comprehensive income (loss)

45

(9)

 

36

Distributions to non-controlling interests

(27)

(27)

Other

(3)

(3)

Balance on September 30, 2022

$

2

$

3,083

$

(691)

$

872

$

(1,927)

$

112

$

1,451

Schedule of shares outstanding

Shares Outstanding (in thousands)

 

September 30,

December 31,

September 30,

 

    

2023

    

2022

    

2022

 

Shares of common stock issued (including treasury shares)

 

185,632

185,568

186,180

Treasury shares

 

30,905

30,880

31,042