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Share Owners' Equity (Tables)
6 Months Ended
Jun. 30, 2011
Share Owners' Equity  
Activity in share owners' equity

 

 

 

Share Owners’ Equity of the Company

 

 

 

 

 

 

 

Common

Stock

 

Capital in

Excess of

Par Value

 

Treasury

Stock

 

Retained

Earnings

 

Accumulated

Other

Comprehensive

Loss

 

Non-controlling

Interests

 

Total Share

Owners’

Equity

 

Balance on April 1, 2011

 

$

2

 

$

3,041

 

$

(411

)

$

154

 

$

(806

)

$

201

 

$

2,181

 

Issuance of common stock (0.2 million shares)

 

 

 

1

 

 

 

 

 

 

 

 

 

1

 

Reissuance of common stock (0.05 million shares)

 

 

 

1

 

1

 

 

 

 

 

 

 

2

 

Stock compensation

 

 

 

(3

)

 

 

 

 

 

 

 

 

(3

)

Comprehensive income:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net earnings

 

 

 

 

 

 

 

73

 

 

 

7

 

80

 

Foreign currency translation adjustments

 

 

 

 

 

 

 

 

 

117

 

5

 

122

 

Pension and other postretirement benefit adjustments, net of tax

 

 

 

 

 

 

 

 

 

26

 

 

 

26

 

Acquisition of noncontrolling interest

 

 

 

(54

)

 

 

 

 

(9

)

(43

)

(106

)

Dividends paid to noncontrolling interests on subsidiary common stock

 

 

 

 

 

 

 

 

 

 

 

(13

)

(13

)

Balance on June 30, 2011

 

$

2

 

$

2,986

 

$

(410

)

$

227

 

$

(672

)

$

157

 

$

2,290

 

 

 

 

Share Owners’ Equity of the Company

 

 

 

 

 

 

 

Common

Stock

 

Capital in

Excess of

Par Value

 

Treasury

Stock

 

Retained

Earnings

 

Accumulated

Other

Comprehensive

Loss

 

Non-controlling

Interests

 

Total Share

Owners’

Equity

 

Balance on April 1, 2010

 

$

2

 

$

2,949

 

$

(360

)

$

214

 

$

(1,328

)

$

210

 

$

1,687

 

Issuance of common stock (0.2 million shares)

 

 

 

2

 

 

 

 

 

 

 

 

 

2

 

Reissuance of common stock (0.1 million shares)

 

 

 

1

 

1

 

 

 

 

 

 

 

2

 

Treasury shares purchased (1.6 million shares)

 

 

 

 

 

(55

)

 

 

 

 

 

 

(55

)

Stock compensation

 

 

 

4

 

 

 

 

 

 

 

 

 

4

 

Issuance of exchangeable notes

 

 

 

91

 

 

 

 

 

 

 

 

 

91

 

Comprehensive income:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net earnings

 

 

 

 

 

 

 

141

 

 

 

14

 

155

 

Foreign currency translation adjustments

 

 

 

 

 

 

 

 

 

(154

)

(2

)

(156

)

Pension and other postretirement benefit adjustments, net of tax

 

 

 

 

 

 

 

 

 

25

 

 

 

25

 

Change in fair value of derivative instruments, net of tax

 

 

 

 

 

 

 

 

 

5

 

 

 

5

 

Dividends paid to noncontrolling interests on subsidiary common stock

 

 

 

 

 

 

 

 

 

 

 

(17

)

(17

)

Balance on June 30, 2010

 

$

2

 

$

3,047

 

$

(414

)

$

355

 

$

(1,452

)

$

205

 

$

1,743

 

 

 

 

Share Owners’ Equity of the Company

 

 

 

 

 

 

 

Common

Stock

 

Capital in

Excess of

Par Value

 

Treasury

Stock

 

Retained

Earnings

 

Accumulated

Other

Comprehensive

Loss

 

Non-controlling

Interests

 

Total Share

Owners’

Equity

 

Balance on January 1, 2011

 

$

2

 

$

3,040

 

$

(412

)

$

82

 

$

(897

)

$

211

 

$

2,026

 

Issuance of common stock (0.2 million shares)

 

 

 

3

 

 

 

 

 

 

 

 

 

3

 

Reissuance of common stock (0.1 million shares)

 

 

 

1

 

2

 

 

 

 

 

 

 

3

 

Stock compensation

 

 

 

(4

)

 

 

 

 

 

 

 

 

(4

)

Comprehensive income:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net earnings

 

 

 

 

 

 

 

145

 

 

 

11

 

156

 

Foreign currency translation adjustments

 

 

 

 

 

 

 

 

 

187

 

9

 

196

 

Pension and other postretirement benefit adjustments, net of tax

 

 

 

 

 

 

 

 

 

46

 

 

 

46

 

Change in fair value of derivative instruments, net of tax

 

 

 

 

 

 

 

 

 

1

 

 

 

1

 

Acquisition of noncontrolling interest

 

 

 

(54

)

 

 

 

 

(9

)

(43

)

(106

)

Dividends paid to noncontrolling interests on subsidiary common stock

 

 

 

 

 

 

 

 

 

 

 

(31

)

(31

)

Balance on June 30, 2011

 

$

2

 

$

2,986

 

$

(410

)

$

227

 

$

(672

)

$

157

 

$

2,290

 

 

 

 

Share Owners’ Equity of the Company

 

 

 

 

 

 

 

Common

Stock

 

Capital in

Excess of

Par Value

 

Treasury

Stock

 

Retained

Earnings

 

Accumulated

Other

Comprehensive

Loss

 

Non-controlling

Interests

 

Total Share

Owners’

Equity

 

Balance on January 1, 2010

 

$

2

 

$

2,942

 

$

(217

)

$

129

 

$

(1,318

)

$

198

 

$

1,736

 

Issuance of common stock (0.8 million shares)

 

 

 

4

 

 

 

 

 

 

 

 

 

4

 

Reissuance of common stock (0.1 million shares)

 

 

 

1

 

2

 

 

 

 

 

 

 

3

 

Treasury shares purchased (6.0 million shares)

 

 

 

 

 

(199

)

 

 

 

 

 

 

(199

)

Stock compensation

 

 

 

9

 

 

 

 

 

 

 

 

 

9

 

Issuance of exchangeable notes

 

 

 

91

 

 

 

 

 

 

 

 

 

91

 

Comprehensive income:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net earnings

 

 

 

 

 

 

 

226

 

 

 

23

 

249

 

Foreign currency translation adjustments

 

 

 

 

 

 

 

 

 

(190

)

(2

)

(192

)

Pension and other postretirement benefit adjustments, net of tax

 

 

 

 

 

 

 

 

 

57

 

 

 

57

 

Change in fair value of derivative instruments, net of tax

 

 

 

 

 

 

 

 

 

(1

)

 

 

(1

)

Noncontrolling interests’ share of acquisition

 

 

 

 

 

 

 

 

 

 

 

8

 

8

 

Dividends paid to noncontrolling interests on subsidiary common stock

 

 

 

 

 

 

 

 

 

 

 

(22

)

(22

)

Balance on June 30, 2010

 

$

2

 

$

3,047

 

$

(414

)

$

355

 

$

(1,452

)

$

205

 

$

1,743