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Share Owners' Equity
 3 Months Ended
Mar. 31, 2025
Share Owners' Equity  
Share Owners' Equity

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11. Share Owners’ Equity

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The activity in share owners’ equity for the three months ended March 31, 2025 and 2024 is as follows:
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Share Owners’ Equity of the Company

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Accumulated

    

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Capital in

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Other

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Non-

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Total Share

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Common

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Excess of

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Treasury

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Retained

Comprehensive

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controlling

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Owners' 

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Stock

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Par Value

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Stock

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Earnings

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Loss

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Interests

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Equity

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Balance on January 1, 2025

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$

2

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$

3,053

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(677)

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$

676

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$

(1,975)

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$

126

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$

1,205

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Reissuance of common stock (0.2 million shares)

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(2)

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5

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3

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Shares repurchased (0.9 million shares)

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(10)

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(10)

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Stock compensation (1.3 million shares)

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4

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4

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Net earnings (loss)

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(16)

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4

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(12)

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Other comprehensive income (loss)

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61

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5

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66

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Other

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(7)

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(7)

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Balance on March 31, 2025

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$

2

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$

3,045

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$

(679)

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$

660

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$

(1,914)

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$

135

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$

1,249

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Share Owners’ Equity of the Company

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Accumulated

    

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Capital in

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Other

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Non-

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Total Share

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Common

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Excess of

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Treasury

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Retained

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Comprehensive

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controlling

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Owners' 

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Stock

    

Par Value

    

Stock

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Earnings

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Loss

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Interests

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Equity

 

Balance on January 1, 2024

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$

2

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$

3,086

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$

(681)

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$

782

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$

(1,580)

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$

135

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$

1,744

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Reissuance of common stock (0.2 million shares)

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(2)

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5

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3

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Shares repurchased (0.6 million shares)

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(10)

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(10)

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Stock compensation (1.9 million shares)

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7

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7

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Net earnings

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72

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4

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76

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Other comprehensive income (loss)

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20

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20

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Other

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(14)

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(14)

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Balance on March 31, 2024

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$

2

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$

3,081

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$

(690)

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$

854

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$

(1,560)

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$

139

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$

1,826

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During the three months ended March 31, 2025, the Company purchased 941,274 shares of its common stock for approximately $10 million. The share purchases were made pursuant to a $100 million anti-dilutive share repurchase program authorized by the Company’s Board of Directors on May 14, 2024, which is intended to offset stock-based compensation provided to the Company’s directors, officers, and employees. Approximately $70 million remained available for purchases under this program as of March 31, 2025.

The Company has 250,000,000 shares of common stock authorized with a par value of $.01 per share. Shares outstanding are as follows:

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Shares Outstanding (in thousands)

 

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March 31,

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December 31,

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March 31,

 

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2025

    

2024

    

2024

 

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Shares of common stock issued (including treasury shares)

 

185,824

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184,851

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187,083

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Treasury shares

 

31,141

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30,784

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31,361

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