Share Owners' Equity (Tables)

9 Months Ended

Sep. 30, 2013

Share Owners' Equity

Activity in share owners' equity

The activity in share owners’ equity for the three months ended September 30, 2013 and 2012 is as follows:

	Share Owners’ Equity of the Company
	Common Stock		Capital in Excess of Par Value		Treasury Stock			Retained Earnings (Loss)		Accumulated Other Comprehensive Loss			Non- controlling Interests		Total Share Owners’ Equity
Balance on July 1, 2013	$	2	$	3,018	$	(433	)	$	6	$	(1,559	)	$	160	$	1,194
Issuance of common stock (0.9 million shares)			15												15
Reissuance of common stock (0.05 million shares)					1										1
Treasury shares purchased (0.4 million shares)					(10		)								(10		)
Stock compensation			1												1
Comprehensive income:
Net earnings								130					6		136
Foreign currency translation adjustments										21					21
Pension and other postretirement benefit adjustments, net of tax										18					18
Contributions from noncontrolling interests													1		1
Balance on September 30, 2013	$	2	$	3,034	$	(442	)	$	136	$	(1,520	)	$	167	$	1,377

	Share Owners’ Equity of the Company
	Common Stock		Capital in Excess of Par Value			Treasury Stock			Retained Loss			Accumulated Other Comprehensive Loss			Non- controlling Interests			Total Share Owners’ Equity
Balance on July 1, 2012	$	2	$	3,000		$	(402	)	$	(125	)	$	(1,373	)	$	142		$	1,244
Issuance of common stock (0.1 million shares)			1															1
Reissuance of common stock (0.1 million shares)			(1		)	3												2
Treasury shares purchased (0.7 million shares)						(14		)										(14		)
Stock compensation			2															2
Comprehensive income:
Net earnings									90						7			97
Foreign currency translation adjustments												84			2			86
Pension and other postretirement benefit adjustments, net of tax												16						16
Change in fair value of derivative instruments												3						3
Dividends paid to noncontrolling interests on subsidiary common stock															(1		)	(1		)
Balance on September 30, 2012	$	2	$	3,002		$	(413	)	$	(35	)	$	(1,270	)	$	150		$	1,436

The activity in share owners’ equity for the nine months ended September 30, 2013 and 2012 is as follows:

	Share Owners’ Equity of the Company
	Common Stock		Capital in Excess of Par Value			Treasury Stock			Retained Earnings (Loss)			Accumulated Other Comprehensive Loss			Non- controlling Interests			Total Share Owners’ Equity
Balance on January 1, 2013	$	2	$	3,005		$	(425	)	$	(195	)	$	(1,506	)	$	174		$	1,055
Issuance of common stock (1.3 million shares)			22															22
Reissuance of common stock (0.2 million shares)						3												3
Treasury shares purchased (0.7 million shares)						(20		)										(20		)
Repurchase of exchangeable notes			(1		)													(1		)
Stock compensation			8															8
Comprehensive income:
Net earnings									331						16			347
Foreign currency translation adjustments												(167		)	(6		)	(173		)
Pension and other postretirement benefit adjustments, net of tax												153						153
Dividends paid to noncontrolling interests on subsidiary common stock															(21		)	(21		)
Contributions from noncontrolling interests															4			4
Balance on September 30, 2013	$	2	$	3,034		$	(442	)	$	136		$	(1,520	)	$	167		$	1,377

	Share Owners’ Equity of the Company
	Common Stock		Capital in Excess of Par Value			Treasury Stock			Retained Loss			Accumulated Other Comprehensive Loss			Non- controlling Interests			Total Share Owners’ Equity
Balance on January 1, 2012	$	2	$	2,991		$	(405	)	$	(379	)	$	(1,321	)	$	153		$	1,041
Issuance of common stock (0.2 million shares)			3															3
Reissuance of common stock (0.2 million shares)			(1		)	6												5
Treasury shares purchased (0.7 million shares)						(14		)										(14		)
Stock compensation			9															9
Comprehensive income:
Net earnings									344						15			359
Foreign currency translation adjustments												(28		)	6			(22		)
Pension and other postretirement benefit adjustments, net of tax												73						73
Change in fair value of derivative instrument												6						6
Dividends paid to noncontrolling interests on subsidiary common stock															(24		)	(24		)
Balance on September 30, 2012	$	2	$	3,002		$	(413	)	$	(35	)	$	(1,270	)	$	150		$	1,436