XML 32 R17.htm IDEA: XBRL DOCUMENT v3.6.0.2
Shareholders' Equity
 12 Months Ended
Dec. 31, 2016
Stockholders' Equity Note [Abstract]  
Shareholders' Equity [Text Block]
Shareholders' Equity

Accumulated Other Comprehensive Income (Loss)

The following table presents the changes in Accumulated other comprehensive income (loss), excluding noncontrolling interests:
 
 
Foreign Currency Translation Adjustment and Other
 
Unrealized Gain on Investment Securities, Net
 
Unrealized Gain (Loss) on Interest Rate Swaps Designated as Cash Flow Hedges, Net
 
Employee Benefit Plan Items, Net
 
Total
Balance as of December 31, 2014
 
$
(16,605
)
 
$
7,719

 
$
(4,191
)
 
$
(51,540
)
 
$
(64,617
)
Other comprehensive income (loss) before reclassifications (a)
 
(221,791
)
 
814

 
550

 
15

 
(220,412
)
Amounts reclassified into income (loss)
 
(2,930
)
 
—

 
321

 
2,932

 
323

Net change in accumulated other comprehensive income (loss) for the year ended December 31, 2015
 
(224,721
)
 
814

 
871

 
2,947

 
(220,089
)
Balance as of December 31, 2015
 
(241,326
)
 
8,533

 
(3,320
)
 
(48,593
)
 
(284,706
)
Other comprehensive income (loss) before reclassifications (a)
 
(103,254
)
 
(2,439
)
 
—

 
204

 
(105,489
)
Amounts reclassified into income (loss)
 
(3,976
)
 
—

 
373

 
9,944

 
6,341

Net change in accumulated other comprehensive income (loss) for the year ended December 31, 2016
 
(107,230
)
 
(2,439
)
 
373

 
10,148

 
(99,148
)
Balance as of December 31, 2016
 
$
(348,556
)
 
$
6,094

 
$
(2,947
)
 
$
(38,445
)
 
$
(383,854
)

(a)
Foreign currency translation adjustment includes intra-entity foreign currency transactions that are of a long-term investment nature of $(12,852) and $30,960 for 2016 and 2015, respectively.
Common Stock Outstanding Activity

The following table sets forth the activity in the number of shares outstanding (in thousands):
 
 
Common Stock Issued
 
Treasury Stock
 
Common Stock Outstanding
Common stock outstanding at December 31, 2013
 
125,424

 
25,488

 
99,936

Shares issued for stock-based compensation awards
 
—

 
(1,506
)
 
1,506

Repurchases of common stock
 
—

 
5,547

 
(5,547
)
Common stock outstanding at December 31, 2014
 
125,424

 
29,529

 
95,895

Shares issued for stock-based compensation awards
 
—

 
(1,155
)
 
1,155

Repurchases of common stock
 
—

 
6,127

 
(6,127
)
Common stock outstanding at December 31, 2015
 
125,424

 
34,501

 
90,923

Shares issued for stock-based compensation awards
 
—

 
(1,372
)
 
1,372

Repurchases of common stock
 
—

 
3,382

 
(3,382
)
Common stock outstanding at December 31, 2016
 
125,424

 
36,511

 
88,913



The company has 2,000,000 authorized shares of serial preferred stock with a par value of one dollar. There were no shares of serial preferred stock outstanding at December 31, 2016 and 2015.

Share-Repurchase Programs

The following table shows the company's Board approved share-repurchase programs for the years ended December 31, 2014, 2015, and 2016:
Month of Board Approval
 
Dollar Value Approved for Repurchase
 
Dollar Value of Shares Repurchased
 
Approximate
Dollar Value of
Shares that May
Yet be
Purchased
Under the
Program
May 2014
 
$
200,000

 
$
200,000

 
$
—

December 2014
 
200,000

 
200,000

 
—

September 2015
 
400,000

 
280,088

 
119,912

December 2016
 
400,000

 
—

 
400,000

Total
 
$
1,200,000

 
$
680,088

 
$
519,912