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Share Owners' Equity (Tables)
9 Months Ended
Sep. 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 July 1, 2011

 

$

2

 

$

2,986

 

$

(410

)

$

227

 

$

(672

)

$

157

 

$

2,290

 

Issuance of common stock (0.1 million shares)

 

 

 

2

 

 

 

 

 

 

 

 

 

2

 

Reissuance of common stock (0.1 million shares)

 

 

 

(1

)

2

 

 

 

 

 

 

 

1

 

Stock compensation

 

 

 

3

 

 

 

 

 

 

 

 

 

3

 

Comprehensive income (loss):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net earnings

 

 

 

 

 

 

 

116

 

 

 

4

 

120

 

Foreign currency translation adjustments

 

 

 

 

 

 

 

 

 

(352

)

(6

)

(358

)

Pension and other postretirement benefit adjustments, net of tax

 

 

 

 

 

 

 

 

 

39

 

 

 

39

 

Change in fair value of derivative instruments, net of tax

 

 

 

 

 

 

 

 

 

(2

)

 

 

(2

)

Dividends paid to noncontrolling interests on subsidiary common stock

 

 

 

 

 

 

 

 

 

 

 

(1

)

(1

)

Balance on September 30, 2011

 

$

2

 

$

2,990

 

$

(408

)

$

343

 

$

(987

)

$

154

 

$

2,094

 

 

 

 

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 July 1, 2010

 

$

2

 

$

3,047

 

$

(414

)

$

355

 

$

(1,452

)

$

205

 

$

1,743

 

Reissuance of common stock (0.1 million shares)

 

 

 

 

 

1

 

 

 

 

 

 

 

1

 

Stock compensation

 

 

 

(3

)

 

 

 

 

 

 

 

 

(3

)

Comprehensive income:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net earnings

 

 

 

 

 

 

 

139

 

 

 

12

 

151

 

Foreign currency translation adjustments

 

 

 

 

 

 

 

 

 

266

 

10

 

276

 

Pension and other postretirement benefit adjustments, net of tax

 

 

 

 

 

 

 

 

 

11

 

 

 

11

 

Change in fair value of derivative instruments, net of tax

 

 

 

 

 

 

 

 

 

(4

)

 

 

(4

)

Acquisition of noncontrolling interest

 

 

 

(10

)

 

 

 

 

 

 

(8

)

(18

)

Dividends paid to noncontrolling interests on subsidiary common stock

 

 

 

 

 

 

 

 

 

 

 

(1

)

(1

)

Balance on September 30, 2010

 

$

2

 

$

3,034

 

$

(413

)

$

494

 

$

(1,179

)

$

218

 

$

2,156

 

 

 

 

 

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 (0.3 million shares)

 

 

 

5

 

 

 

 

 

 

 

 

 

5

 

Reissuance of common stock (0.2 million shares)

 

 

 

 

 

4

 

 

 

 

 

 

 

4

 

Stock compensation

 

 

 

(1

)

 

 

 

 

 

 

 

 

(1

)

Comprehensive income:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net earnings

 

 

 

 

 

 

 

261

 

 

 

15

 

276

 

Foreign currency translation adjustments

 

 

 

 

 

 

 

 

 

(165

)

3

 

(162

)

Pension and other postretirement benefit adjustments, net of tax

 

 

 

 

 

 

 

 

 

85

 

 

 

85

 

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

 

 

 

 

 

 

 

 

 

 

 

(32

)

(32

)

Balance on September 30, 2011

 

$

2

 

$

2,990

 

$

(408

)

$

343

 

$

(987

)

$

154

 

$

2,094

 

 

 

 

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 (0.9 million shares)

 

 

 

4

 

 

 

 

 

 

 

 

 

4

 

Reissuance of common stock (0.2 million shares)

 

 

 

1

 

3

 

 

 

 

 

 

 

4

 

Treasury shares purchased (6.0 million shares)

 

 

 

 

 

(199

)

 

 

 

 

 

 

(199

)

Stock compensation

 

 

 

6

 

 

 

 

 

 

 

 

 

6

 

Issuance of exchangeable notes

 

 

 

91

 

 

 

 

 

 

 

 

 

91

 

Comprehensive income:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net earnings

 

 

 

 

 

 

 

365

 

 

 

35

 

400

 

Foreign currency translation adjustments

 

 

 

 

 

 

 

 

 

76

 

8

 

84

 

Pension and other postretirement benefit adjustments, net of tax

 

 

 

 

 

 

 

 

 

68

 

 

 

68

 

Change in fair value of derivative instruments, net of tax

 

 

 

 

 

 

 

 

 

(5

)

 

 

(5

)

Acquisition of noncontrolling interest

 

 

 

(10

)

 

 

 

 

 

 

(8

)

(18

)

Noncontrolling interests’ share of acquisition

 

 

 

 

 

 

 

 

 

 

 

8

 

8

 

Dividends paid to noncontrolling interests on subsidiary common stock

 

 

 

 

 

 

 

 

 

 

 

(23

)

(23

)

Balance on September 30, 2010

 

$

2

 

$

3,034

 

$

(413

)

$

494

 

$

(1,179

)

$

218

 

$

2,156