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Condensed Consolidated Statements of Equity (Unaudited) - USD ($)
$ in Thousands
Total
Cumulative Effect, Period of Adoption, Adjustment
[1]
Total Parent Equity
Total Parent Equity
Cumulative Effect, Period of Adoption, Adjustment
[1]
Common Stock
Additional Paid-In Capital
Accumulated Other Comprehensive Loss
Retained Earnings
Retained Earnings
Cumulative Effect, Period of Adoption, Adjustment
[1]
Non-controlling Interests in Subsidiaries
Beginning balance (in shares) at Dec. 31, 2020         144,354,335          
Beginning balance at Dec. 31, 2020 $ 3,218,003 $ 6,223 $ 3,204,796 $ 6,223 $ 144,354 $ 117,165 $ (1,036,502) $ 3,979,779 $ 6,223 $ 13,207
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Net income 642,791   642,791         642,791    
Other comprehensive loss, net of tax (36,584)   (36,584)       (36,584)      
Cash dividends declared (351,606)   (351,606)         (351,606)    
Share-based awards exercised, including tax benefit (in shares)         385,419          
Share-based awards exercised, including tax benefit (19,398)   (19,398)   $ 385 (19,783)        
Share-based compensation 20,841   20,841     20,841        
Purchase of stock (in shares)         (2,236,261)          
Purchase of stock (283,886)   (283,886)   $ (2,236)     (281,650)    
Noncontrolling interest activities 174                 174
Ending balance (in shares) at Sep. 30, 2021         142,503,493          
Ending balance at Sep. 30, 2021 3,196,558   3,183,177   $ 142,503 118,223 (1,073,086) 3,995,537   13,381
Beginning balance (in shares) at Jun. 30, 2021         143,301,673          
Beginning balance at Jun. 30, 2021 3,245,145   3,233,879   $ 143,302 111,972 (1,003,554) 3,982,159   11,266
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Net income 228,585   228,585         228,585    
Other comprehensive loss, net of tax (69,532)   (69,532)       (69,532)      
Cash dividends declared (116,486)   (116,486)         (116,486)    
Share-based awards exercised, including tax benefit (in shares)         2,256          
Share-based awards exercised, including tax benefit (68)   (68)   $ 1 (69)        
Share-based compensation 6,320   6,320     6,320        
Purchase of stock (in shares)         (800,436)          
Purchase of stock (99,521)   (99,521)   $ (800)     (98,721)    
Noncontrolling interest activities 2,115                 2,115
Ending balance (in shares) at Sep. 30, 2021         142,503,493          
Ending balance at Sep. 30, 2021 3,196,558   3,183,177   $ 142,503 118,223 (1,073,086) 3,995,537   13,381
Beginning balance (in shares) at Dec. 31, 2021         142,180,683          
Beginning balance at Dec. 31, 2021 3,503,290   3,490,742   $ 142,181 119,975 (857,739) 4,086,325   12,548
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Net income 930,725   930,725         930,725    
Other comprehensive loss, net of tax (216,577)   (216,577)       (216,577)      
Cash dividends declared (380,041)   (380,041)         (380,041)    
Share-based awards exercised, including tax benefit (in shares)         63,877          
Share-based awards exercised, including tax benefit (15,444)   (15,444)   $ 64 (15,508)        
Share-based compensation 27,773   27,773     27,773        
Purchase of stock (in shares)         (1,282,551)          
Purchase of stock (172,727)   (172,727)   $ (1,283)     (171,444)    
Noncontrolling interest activities 1,193                 1,193
Ending balance (in shares) at Sep. 30, 2022         140,962,009          
Ending balance at Sep. 30, 2022 3,678,192   3,664,451   $ 140,962 132,240 (1,074,316) 4,465,565   13,741
Beginning balance (in shares) at Jun. 30, 2022         141,280,841          
Beginning balance at Jun. 30, 2022 3,653,563   3,640,556   $ 141,281 123,388 (953,228) 4,329,115   13,007
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Net income 312,358   312,358         312,358    
Other comprehensive loss, net of tax (121,088)   (121,088)       (121,088)      
Cash dividends declared (126,434)   (126,434)         (126,434)    
Share-based awards exercised, including tax benefit (in shares)         14,619          
Share-based awards exercised, including tax benefit (1,024)   (1,024)   $ 15 (1,039)        
Share-based compensation 9,891   9,891     9,891        
Purchase of stock (in shares)         (333,451)          
Purchase of stock (49,808)   (49,808)   $ (334)     (49,474)    
Noncontrolling interest activities 734                 734
Ending balance (in shares) at Sep. 30, 2022         140,962,009          
Ending balance at Sep. 30, 2022 $ 3,678,192   $ 3,664,451   $ 140,962 $ 132,240 $ (1,074,316) $ 4,465,565   $ 13,741
[1] We adopted Accounting Standards Update (“ASU”) 2019-12, Simplifying the Accounting for Income Taxes, during the first quarter of 2021.