XML 36 R17.htm IDEA: XBRL DOCUMENT v3.3.1.900
Shareholders' Equity
 12 Months Ended
Dec. 31, 2015
Stockholders' Equity Note [Abstract]  
Shareholders' Equity [Text Block]
Shareholders' Equity

Accumulated Other Comprehensive Income (Loss)

The following table presents the changes in Accumulated other comprehensive income (loss), excluding non-controlling interests:
 
 
Foreign Currency Translation Adjustment
 
Unrealized Gain (Loss) on Investment Securities, Net
 
Unrealized Gain (Loss) on Interest Rate Swaps Designated as Cash Flow Hedges, Net
 
Employee Benefit Plan Items, Net
 
Total
Balance as of December 31, 2013
 
$
248,425

 
$
20,644

 
$
(4,594
)
 
$
(38,923
)
 
$
225,552

Other comprehensive income (loss) before reclassifications (a)
 
(265,432
)
 
5,344

 
—

 
(14,630
)
 
(274,718
)
Amounts reclassified into income (loss)
 
402

 
(18,269
)
 
403

 
2,013

 
(15,451
)
Net change in accumulated other comprehensive income (loss) for the year ended December 31, 2014
 
(265,030
)
 
(12,925
)
 
403

 
(12,617
)
 
(290,169
)
Balance as of December 31, 2014
 
(16,605
)
 
7,719

 
(4,191
)
 
(51,540
)
 
(64,617
)
Other comprehensive income (loss) before reclassifications (a)
 
(221,791
)
 
814

 
550

 
15

 
(220,412
)
Amounts reclassified into income
 
(2,930
)
 
—

 
321

 
2,932

 
323

Net change in accumulated other comprehensive income (loss) for the year ended December 31, 2015
 
(224,721
)
 
814

 
871

 
2,947

 
(220,089
)
Balance as of December 31, 2015
 
$
(241,326
)
 
$
8,533

 
$
(3,320
)
 
$
(48,593
)
 
$
(284,706
)

(a)
Foreign currency translation adjustment includes intra-entity foreign currency transactions that are of a long-term investment nature of $30,960 and $57,109 for 2015 and 2014, respectively.

Common Stock Outstanding Activity

The following table sets forth the activity in the number of shares outstanding (in thousands):
 
 
Common Stock Issued
 
Treasury Stock
 
Common Stock Outstanding
Common stock outstanding at December 31, 2012
 
125,424

 
19,423

 
106,001

Shares issued for stock-based compensation awards
 
—

 
(2,772
)
 
2,772

Repurchases of common stock
 
—

 
8,837

 
(8,837
)
Common stock outstanding at December 31, 2013
 
125,424

 
25,488

 
99,936

Shares issued for stock-based compensation awards
 
—

 
(1,506
)
 
1,506

Repurchases of common stock
 
—

 
5,547

 
(5,547
)
Common stock outstanding at December 31, 2014
 
125,424

 
29,529

 
95,895

Shares issued for stock-based compensation awards
 
—

 
(1,155
)
 
1,155

Repurchases of common stock
 
—

 
6,127

 
(6,127
)
Common stock outstanding at December 31, 2015
 
125,424

 
34,501

 
90,923



The company has 2,000,000 authorized shares of serial preferred stock with a par value of one dollar. There were no shares of serial preferred stock outstanding at December 31, 2015 and 2014.

Share-Repurchase Programs

During 2014, the company's Board of Directors (the "Board") approved the repurchase of up to $400,000 ($200,000 in May and December, respectively) of the company's common stock through a share-repurchase program. In September 2015, the company's Board approved an additional repurchase of up to $400,000 of the company's common stock. As of December 31, 2015, the company repurchased 8,474,574 shares under these programs with a market value of $480,217 at the dates of repurchase, of which 2,617,991 shares with a market value of $149,631 were repurchased during the fourth quarter of 2015.