Earnings Per Share

12 Months Ended

Dec. 31, 2013

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Earnings Per Share

Earnings Per Share

Earnings per share of common stock outstanding were computed as follows:

	Year Ended December 31,
	2013		2012		2011
	(Millions Except Share and Per Share Amounts)
Basic earnings per share —
Net income attributable to Tenneco Inc.	$	183	$	275	$	157
Average shares of common stock outstanding	60,474,492		59,985,677		59,884,139
Earnings per average share of common stock	$	3.03	$	4.58	$	2.62
Diluted earnings per share —
Net income attributable to Tenneco Inc.	$	183	$	275	$	157
Average shares of common stock outstanding	60,474,492		59,985,677		59,884,139
Effect of dilutive securities:
Restricted stock	205,020		140,609		168,539
Stock options	914,550		957,224		1,467,482
Average shares of common stock outstanding including dilutive securities	61,594,062		61,083,510		61,520,160
Earnings per average share of common stock	$	2.97	$	4.50	$	2.55

Options to purchase 205,104, 521,249 and 202,009 shares of common stock were outstanding as of December 31, 2013, 2012 and 2011, respectively, but not included in the computation of diluted earnings per share, because the options were anti-dilutive.