Share Owners' Equity

6 Months Ended

Jun. 30, 2012

Share Owners' Equity

Share Owners' Equity

5.  Share Owners’ Equity

The activity in share owners’ equity for the three months ended June 30, 2012 and 2011 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 April 1, 2012	$	271		$	2,465	$	(1,164	)	$	164		$	1,736
Net distribution to parent	(22		)									(22		)
Comprehensive income:
Net earnings				133					4			137
Foreign currency translation adjustments						(204		)	(3		)	(207		)
Pension and other postretirement benefit adjustments, net of tax						33						33
Change in fair value of derivative instruments, net of tax						3						3
Dividends paid to noncontrolling interests on subsidiary common stock									(23		)	(23		)
Balance on June 30, 2012	$	249		$	2,598	$	(1,332	)	$	142		$	1,657

	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 April 1, 2011	$	476		$	2,761	$	(765	)	$	201		$	2,673
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 interests	(54		)			(9		)	(43		)	(106		)
Dividends paid to noncontrolling interests on subsidiary common stock									(13		)	(13		)
Balance on June 30, 2011	$	387		$	2,834	$	(631	)	$	157		$	2,747

The activity in share owners’ equity for the six months ended June 30, 2012 and 2011 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, 2012	$	295		$	2,344	$	(1,280	)	$	153		$	1,512
Net distribution to parent	(46		)									(46		)
Comprehensive income:
Net earnings				254					8			262
Foreign currency translation adjustments						(112		)	4			(108		)
Pension and other postretirement benefit adjustments, net of tax						57						57
Change in fair value of derivative instruments, net of tax						3						3
Dividends paid to noncontrolling interests on subsidiary common stock									(23		)	(23		)
Balance on June 30, 2012	$	249		$	2,598	$	(1,332	)	$	142		$	1,657

	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		$	2,679	$	(856	)	$	211		$	2,541
Net distribution to parent	(66		)									(66		)
Comprehensive income:
Net earnings				155					11			166
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 interest	(54		)			(9		)	(43		)	(106		)
Dividends paid to noncontrolling interests on subsidiary common stock									(31		)	(31		)
Balance on June 30, 2011	$	387		$	2,834	$	(631	)	$	157		$	2,747

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.