Share Owners' Equity

3 Months Ended

Mar. 31, 2022

Share Owners' Equity

Share Owners' Equity

11. Share Owners’ Equity

The activity in share owners’ equity for the three months ended March 31, 2022 and 2021 is as follows:
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	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, 2022	$	2	$	3,090		(701)	$	301	$	(1,972)	$	107	$	827
Reissuance of common stock (0.2 million shares)				(2)		5								3
Shares repurchased (0.8 million shares)				(10)										(10)
Stock compensation (0.4 million shares)				7										7
Net earnings								88				34		122
Other comprehensive income										151		5		156
Other						(3)								(3)
Balance on March 31, 2022	$	2	$	3,085	$	(699)	$	389	$	(1,821)	$	146	$	1,102

	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, 2021	$	2	$	3,129	$	(714)	$	152	$	(2,272)	$	104	$	401
Reissuance of common stock (0.2 million shares)				(2)		4								2
Stock compensation (0.3 million shares)				4										4
Net loss								(97)				6		(91)
Other comprehensive loss										(48)		(4)		(52)
Other				19		(2)		(19)						(2)
Balance on March 31, 2021	$	2	$	3,150	$	(712)	$	36	$	(2,320)	$	106	$	262

During the three months ended March 31, 2022 the Company purchased 764,501 shares of its common stock for approximately $10 million. The share purchases were pursuant to a $150 million anti-dilutive share repurchase program authorized by the Company’s Board of Directors that is intended to offset stock-based compensation provided to the Company’s directors, officers, and employees. Approximately $100 million remained available for purchases under this program as of March 31, 2022.

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,
	2022	2021	2021
Shares of common stock issued (including treasury shares)	187,617	187,752	189,796
Treasury shares	31,401	31,397	31,884