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Shareholders' Equity
 12 Months Ended
Dec. 31, 2019
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, Net
 
Unrealized
Gain (loss) on
Investment
Securities,
Net
 
Unrealized Gain (Loss) on Foreign Exchange Contracts Designated as Net Investment Hedges, 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, 2017
 
$
(104,931
)
 
$
14,946

 
$
—

 
$
(5,306
)
 
$
(29,592
)
 
$
(124,883
)
Reclassification to retained earnings (b)
 
—

 
(14,946
)
 
—

 
(1,185
)
 
(6,223
)
 
(22,354
)
Other comprehensive income (loss) before reclassifications (a)
 
(161,359
)
 
—

 
—

 
—

 
4,939

 
(156,420
)
Amounts reclassified into income (loss)
 
(37
)
 
—

 
—

 
931

 
3,314

 
4,208

Net change in accumulated other comprehensive income (loss) for the year ended December 31, 2018
 
(161,396
)
 
(14,946
)
 
—

 
(254
)
 
2,030

 
(174,566
)
Balance as of December 31, 2018
 
(266,327
)
 
—

 
—

 
(5,560
)
 
(27,562
)
 
(299,449
)
Other comprehensive income (loss) before reclassifications (a)
 
7,658

 
—

 
16,489

 
(8,767
)
 
(3,079
)
 
12,301

Amounts reclassified into income (loss) (c)
 
12,964

 
—

 
(6,121
)
 
980

 
17,114

 
24,937

Net change in accumulated other comprehensive income (loss) for the year ended December 31, 2019
 
20,622

 
—

 
10,368

 
(7,787
)
 
14,035

 
37,238

Balance as of December 31, 2019
 
$
(245,705
)
 
$
—

 
$
10,368

 
$
(13,347
)
 
$
(13,527
)
 
$
(262,211
)

(a)
Foreign currency translation adjustment includes intra-entity foreign currency transactions that are of a long-term investment nature of $(10,630) and $11,712 for 2019 and 2018, respectively.
(b)
Amount relates to unrealized gains and losses on investments and stranded tax effects reclassified from “Accumulated other comprehensive income” to “Retained earnings” in accordance with ASU No. 2018-02 and ASU No. 2016-01.
(c)
Foreign currency translation adjustment includes a reclassification of cumulative translation adjustments to earnings upon the sale of three foreign subsidiaries during 2019 of $19,602 (Note 3). Employee Benefit Plan items, net includes a pre-tax pension settlement expense of $20,111 ($15,257 net of tax) for 2019 (Note 14).

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, 2016
 
125,424

 
36,511

 
88,913

Shares issued for stock-based compensation awards
 
—

 
(1,097
)
 
1,097

Repurchases of common stock
 
—

 
2,319

 
(2,319
)
Common stock outstanding at December 31, 2017
 
125,424

 
37,733

 
87,691

Shares issued for stock-based compensation awards
 
—

 
(709
)
 
709

Repurchases of common stock
 
—

 
3,209

 
(3,209
)
Common stock outstanding at December 31, 2018
 
125,424

 
40,233

 
85,191

Shares issued for stock-based compensation awards
 
—

 
(886
)
 
886

Repurchases of common stock
 
—

 
5,457

 
(5,457
)
Common stock outstanding at December 31, 2019
 
125,424

 
44,804

 
80,620


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, 2019 and 2018.

Share-Repurchase Programs

The following table shows the company's Board of Directors (the “Board”) approved share-repurchase programs as of December 31, 2019:
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
December 2016
 
$
400,000

 
$
400,000

 
$
—

December 2018
 
600,000

 
261,463

 
338,537

Total
 
$
1,000,000

 
$
661,463

 
$
338,537