Share Owners' Equity

6 Months Ended

Jun. 30, 2011

Share Owners' Equity

Share Owners' Equity

4.  Share Owners’ Equity

The activity in share owners’ equity for the three months ended June 30, 2011 and 2010 is as follows:

	Share Owner’s Equity of the Company
	Other Contributed Capital			Retained Earnings		Accumulated Other Comprehensive Loss			Non- controlling Interests			Total Share Owners’ Equity
Balance on March 31, 2011	$	476		$	2,712	$	(765	)	$	201		$	2,624
Net distribution to parent	(35		)									(35		)
Comprehensive income:
Net earnings				73					7			80
Foreign currency translation adjustments						117			5			122
Pension and other postretirement benefit adjustments, net of tax						26						26
Acquisition of noncontrolling intersts	(54		)			(9		)	(43		)	(106		)
Dividends paid to noncontrolling interests on subsidiary common stock									(13		)	(13		)
Balance on June 30, 2011	$	387		$	2,785	$	(631	)	$	157		$	2,698

	Share Owner’s Equity of the Company
	Other Contributed Capital			Retained Earnings		Accumulated Other Comprehensive Loss			Non- controlling Interests			Total Share Owners’ Equity
Balance on March 31, 2010	$	613		$	2,616	$	(1,301	)	$	210		$	2,138
Net distribution to parent	(90		)									(90		)
Capital contribtution from OI Inc.	91											91
Comprehensive income:
Net earnings				141					14			155
Foreign currency translation adjustments						(154		)	(2		)	(156		)
Pension and other postretirement benefit adjustments, net of tax						25						25
Change in fair value of derivative instruments, net of tax						5						5
Dividends paid to noncontrolling interests on subsidiary common stock									(17		)	(17		)
Balance on June 30, 2010	$	614		$	2,757	$	(1,425	)	$	205		$	2,151

The activity in share owners’ equity for the six months ended June 30, 2011 and 2010 is as follows:

	Share Owner’s Equity of the Company
	Other  Contributed  Capital			Retained  Earnings		Accumulated  Other  Comprehensive  Loss			Non- controlling  Interests			Total Share  Owners’  Equity
Balance on January 1, 2011	$	507		$	2,640	$	(856	)	$	211		$	2,502
Net distribution to parent	(66		)									(66		)
Comprehensive income:
Net earnings				145					11			156
Foreign currency translation adjustments						187			9			196
Pension and other postretirement benefit adjustments, net of tax						46						46
Change in fair value of derivative instruments, net of tax						1						1
Acquisition of noncontrolling interests	(54		)			(9		)	(43		)	(106		)
Dividends paid to noncontrolling interests on subsidiary common stock									(31		)	(31		)
Balance on June 30, 2011	$	387		$	2,785	$	(631	)	$	157		$	2,698

	Share Owner’s Equity of the Company
	Other  Contributed  Capital			Retained  Earnings		Accumulated  Other  Comprehensive  Loss			Non- controlling  Interests			Total Share  Owners’  Equity
Balance on January 1, 2010	$	783		$	2,531	$	(1,291	)	$	198		$	2,221
Net distribution to parent	(260		)									(260		)
Capital contribtution from OI Inc.	91											91
Comprehensive income:
Net earnings				226					23			249
Foreign currency translation adjustments						(190		)	(2		)	(192		)
Pension and other postretirement benefit adjustments, net of tax						57						57
Change in fair value of derivative instruments, net of tax						(1		)				(1		)
Noncontrolling interests’ share of acquisition									8			8
Dividends paid to noncontrolling interests on subsidiary common stock									(22		)	(22		)
Balance on June 30, 2010	$	614		$	2,757	$	(1,425	)	$	205		$	2,151

The acquisition of noncontrolling interests for the three and six months ended June 30, 2011 was related to the Company purchasing the noncontrolling interest in its southern Brazil operations.