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Share Owners' Equity (Tables)
3 Months Ended
Mar. 31, 2023
Share Owners' Equity  
Activity in share owner's equity

The activity in share owners’ equity for the three months ended March 31, 2023 and 2022 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, 2023

$

2

$

3,079

(688)

$

885

$

(1,861)

$

111

$

1,528

Issuance of common stock (0.4 million shares)

5

 

5

Reissuance of common stock (0.2 million shares)

4

 

4

Shares repurchased (0.5 million shares)

(10)

 

(10)

Stock compensation (0.5 million shares)

19

 

19

Net earnings

206

4

 

210

Other comprehensive income

134

3

 

137

Other

(6)

 

(6)

Balance on March 31, 2023

$

2

$

3,093

$

(690)

$

1,091

$

(1,727)

$

118

$

1,887

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

Schedule of shares outstanding

Shares Outstanding (in thousands)

 

March 31,

December 31,

March 31,

 

    

2023

    

2022

    

2022

 

Shares of common stock issued (including treasury shares)

 

186,417

185,568

187,617

Treasury shares

 

31,143

30,880

31,401