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Shareholders' Equity
 9 Months Ended
Sep. 30, 2018
Equity [Abstract]  
SHAREHOLDERS' EQUITY
SHAREHOLDERS' EQUITY
Dividends paid on common stock during each of the first three quarters of 2018 and 2017 were $.86 per common share
and $.85 per common share, respectively.
The following tables summarize the changes in the components of Shareholders' Equity for the three months ended September 30, 2018 and 2017.
(Thousands of dollars except per share data)
 
 
 
 
 
 
 
 
 
 
 
 
Common
Stock
 
Other
Capital
 
Retained Earnings
 
Treasury
Stock
 
Cumulative Other Comprehensive Loss
 
Total
Balance at June 30, 2018
$
117,964

 
$
2,795,196

 
$
5,997,628

 
$
(4,621,250
)
 
$
(542,449
)
 
$
3,747,089

Net income

 

 
354,027

 

 

 
354,027

Other comprehensive loss

 

 

 

 
(68,147
)
 
(68,147
)
Treasury stock purchased

 

 

 
(34,179
)
 

 
(34,179
)
Stock-based compensation activity
318

 
56,904

 

 
(158
)
 

 
57,064

Other adjustments

 
(117
)
 

 

 

 
(117
)
Cash dividends

 

 
(80,898
)
 

 

 
(80,898
)
Balance at September 30, 2018
$
118,282

 
$
2,851,983

 
$
6,270,757

 
$
(4,655,587
)
 
$
(610,596
)
 
$
3,974,839

(Thousands of dollars except per share data)
 
 
 
 
 
 
 
 
 
 
 
 
Common
Stock
 
Other
Capital
 
Retained Earnings
 
Treasury
Stock
 
Cumulative Other Comprehensive Loss
 
Total
Balance at June 30, 2017
$
117,071

 
$
2,606,757

 
$
4,448,788

 
$
(4,262,120
)
 
$
(519,236
)
 
$
2,391,260

Net income
 
 
 
 
316,606

 
 
 
 
 
316,606

Other comprehensive income
 
 
 
 
 
 
 
 
66,935

 
66,935

Stock-based compensation activity
118

 
47,419

 
 
 
(1,267
)
 
 
 
46,270

Other adjustments
 
 

 
1

 
(1
)
 
 
 
—

Cash dividends
 
 
 
 
(80,082
)
 
 
 
 
 
(80,082
)
Balance at September 30, 2017
$
117,189

 
$
2,654,176

 
$
4,685,313

 
$
(4,263,388
)
 
$
(452,301
)
 
$
2,740,989


The following tables summarize the changes in the components of Shareholders' equity for the nine months ended September 30, 2018 and 2017.
(Thousands of dollars except per share data)
 
 
 
 
 
 
 
 
 
 
 
 
Common
Stock
 
Other
Capital
 
Retained Earnings
 
Treasury
Stock
 
Cumulative Other Comprehensive Loss
 
Total
Balance at December 31, 2017
$
117,561

 
$
2,723,183

 
$
5,502,730

 
$
(4,266,416
)
 
$
(384,870
)
 
$
3,692,188

Net income
 
 
 
 
1,007,758

 
 
 
 
 
1,007,758

Other comprehensive loss
 
 
 
 
 
 
 
 
(225,726
)
 
(225,726
)
Adjustment to initially apply ASU 2016-01
 
 
 
 
2,320

 
 
 
 
 
2,320

Treasury stock purchased
 
 
 
 
 
 
(368,334
)
 
 
 
(368,334
)
Stock-based compensation activity
721

 
126,659

 
 
 
(20,837
)
 
 
 
106,543

Other adjustments
 
 
2,141

 
488

 
 
 
 
 
2,629

Cash dividends
 
 
 
 
(242,539
)
 
 
 
 
 
(242,539
)
Balance at September 30, 2018
$
118,282

 
$
2,851,983

 
$
6,270,757

 
$
(4,655,587
)
 
$
(610,596
)
 
$
3,974,839

(Thousands of dollars except per share data)
 
 
 
 
 
 
 
 
 
 
 
 
Common
Stock
 
Other
Capital
 
Retained Earnings
 
Treasury
Stock
 
Cumulative Other Comprehensive Loss
 
Total
Balance at December 31, 2016
$
116,563

 
$
2,488,564

 
$
4,049,497

 
$
(4,235,832
)
 
$
(540,351
)
 
$
1,878,441

Net income

 

 
874,869

 

 

 
874,869

Other comprehensive income
 
 
 
 
 
 
 
 
88,050

 
88,050

Stock-based compensation activity
626

 
165,612

 
 
 
(27,531
)
 
 
 
138,707

Other adjustments
 
 

 
(37
)
 
(25
)
 
 
 
(62
)
Cash dividends
 
 
 
 
(239,016
)
 
 
 
 
 
(239,016
)
Balance at September 30, 2017
$
117,189

 
$
2,654,176

 
$
4,685,313

 
$
(4,263,388
)
 
$
(452,301
)
 
$
2,740,989