Share Owners' Equity

3 Months Ended

Mar. 31, 2018

Share Owners' Equity

Share Owners' Equity

10.  Share Owners’ Equity

The activity in share owners’ equity for the three months ended March 31, 2018 and 2017 is as follows:

	Share Owners’ Equity of the Company
									Accumulated
			Capital in						Other		Non-		Total Share
	Common		Excess of		Treasury		Retained		Comprehensive		controlling		Owners'
	Stock		Par Value		Stock		Earnings		Loss		Interests		Equity
Balance on January 1, 2018	$	2	$	3,099	$	(551)	$	84	$	(1,826)	$	119	$	927
Reissuance of common stock (31,468 shares)						1								1
Treasury shares purchased (1,999,759 shares)						(45)								(45)
Stock compensation				5										5
Net earnings								98				5		103
Other comprehensive income										122		6		128
Balance on March 31, 2018	$	2	$	3,104	$	(595)	$	182	$	(1,704)	$	130	$	1,119

	Share Owners’ Equity of the Company
									Accumulated
			Capital in						Other		Non-		Total Share
	Common		Excess of		Treasury		Retained		Comprehensive		controlling		Owners'
	Stock		Par Value		Stock		Earnings		Loss		Interests		Equity
Balance on January 1, 2017	$	2	$	3,080	$	(560)	$	(96)	$	(2,172)	$	109	$	363
Reissuance of common stock (199,478 shares)						3								3
Stock compensation				3										3
Net earnings								49				4		53
Other comprehensive income										191		3		194
Balance on March 31, 2017	$	2	$	3,083	$	(557)	$	(47)	$	(1,981)	$	116	$	616

The Company purchased 1,999,759 shares of its common stock during the first quarter of 2018 for approximately $45 million pursuant to the authorization by its Board of Directors in January 2018 to purchase up to $400 million of the Company’s common stock.

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

	Shares Outstanding (in thousands)
	March 31,	December 31,	March 31,
	2018	2017	2017
Shares of common stock issued (including treasury shares)	186,324	185,728	185,616
Treasury shares	24,617	22,649	22,918