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Share Owners' Equity (Tables)
6 Months Ended
Jun. 30, 2024
Share Owners' Equity  
Activity in share owner's equity

The activity in share owners’ equity for the three months ended June 30, 2024 and 2023 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 April 1, 2024

$

2

$

3,081

(690)

$

854

$

(1,560)

$

139

$

1,826

Reissuance of common stock (0.2 million shares)

(1)

5

 

4

Shares repurchased (0.6 million shares)

(10)

 

(10)

Stock compensation (1.9 million shares)

(1)

 

(1)

Net earnings

57

5

 

62

Other comprehensive loss

(234)

(7)

 

(241)

Distributions to non-controlling interests

(9)

(9)

Balance on June 30, 2024

$

2

$

3,069

$

(685)

$

911

$

(1,794)

$

128

$

1,631

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 April 1, 2023

$

2

$

3,093

$

(690)

$

1,091

$

(1,727)

$

118

$

1,887

Reissuance of common stock (0.2 million shares)

3

 

3

Shares repurchased (0.7 million shares)

(10)

(10)

Stock compensation (0.0 million shares)

10

 

10

Net earnings

110

3

 

113

Other comprehensive income

140

3

 

143

Distributions to non-controlling interests

(3)

(3)

Balance on June 30, 2023

$

2

$

3,093

$

(687)

$

1,201

$

(1,587)

$

121

$

2,143

The activity in share owners’ equity for the six months ended June 30, 2024 and 2023 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, 2024

$

2

$

3,086

$

(681)

$

782

$

(1,580)

$

135

$

1,744

Reissuance of common stock (0.4 million shares)

(3)

10

7

Shares repurchased (1.3 million shares)

(20)

(20)

Stock compensation (1.9 million shares)

6

6

Net earnings

129

9

138

Other comprehensive loss

(214)

(7)

(221)

Distributions to non-controlling interests

(9)

(9)

Other

(14)

(14)

Balance on June 30, 2024

$

2

$

3,069

$

(685)

$

911

$

(1,794)

$

128

$

1,631

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 (0.3 million shares)

7

 

7

Shares repurchased (1.0 million shares)

(20)

(20)

Stock compensation (0.7 million shares)

29

 

29

Net earnings

316

7

 

323

Other comprehensive income

274

6

 

280

Distributions to non-controlling interests

(3)

(3)

Other

(6)

(6)

Balance on June 30, 2023

$

2

$

3,093

$

(687)

$

1,201

$

(1,587)

$

121

$

2,143

Schedule of shares outstanding

Shares Outstanding (in thousands)

 

June 30,

December 31,

June 30,

 

    

2024

    

2023

    

2023

 

Shares of common stock issued (including treasury shares)

 

186,533

185,009

186,084

Treasury shares

 

31,169

30,755

31,024