Earnings Per Share

6 Months Ended

Jun. 30, 2014

Earnings Per Share [Abstract]

Earnings Per Share

Earnings Per Share

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

	Three Months Ended June 30, 2014		Three Months Ended June 30, 2013		Six Months Ended June 30, 2014		Six Months Ended June 30, 2013
	(Millions Except Share and Per Share Amounts)
Basic earnings per share —
Net income attributable to Tenneco Inc.	$	81	$	63	$	127	$	117
Weighted Average shares of common stock outstanding	60,736,737		60,542,361		60,631,080		60,424,540
Earnings per share of common stock	$	1.34	$	1.04	$	2.10	$	1.94
Diluted earnings per share —
Net income attributable to Tenneco Inc.	$	81	$	63	$	127	$	117
Weighted Average shares of common stock outstanding	60,736,737		60,542,361		60,631,080		60,424,540
Effect of dilutive securities:
Restricted stock	104,679		170,950		139,024		157,551
Stock options	820,480		1,010,813		813,621		950,459
Weighted Average shares of common stock outstanding including dilutive securities	61,661,896		61,724,124		61,583,725		61,532,550
Earnings per share of common stock	$	1.32	$	1.02	$	2.06	$	1.91

Options to purchase 523 and 830,486 shares of common stock were outstanding as of June 30, 2014 and 2013, respectively, but not included in the computation of diluted earnings per share respectively, because the options were anti-dilutive.