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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Revenues        
Net sales and operating revenues $ 2,130 $ 2,241 $ 4,153 $ 4,335
Costs and expenses        
Cost of sales (exclusive of depreciation and amortization shown below) 1,764 1,851 3,450 3,605
Engineering, research, and development 38 42 79 84
Selling, general, and administrative 121 139 246 271
Depreciation and amortization of other intangibles 51 52 101 103
Costs and expenses 1,974 2,084 3,876 4,063
Other expense        
Loss on sale of receivables (1) (1) (2) (2)
Other 0 0 0 (1)
Total other income (expense) (1) (1) (2) (3)
Earnings before interest expense, income taxes, and noncontrolling interests 155 156 275 269
Interest expense 17 19 33 38
Earnings before income taxes and noncontrolling interests 138 137 242 231
Income tax expense 47 46 88 86
Net income 91 91 154 145
Less: Net income attributable to noncontrolling interests 13 10 27 18
Net income attributable to Tenneco Inc. $ 78 $ 81 $ 127 $ 127
Weighted average shares of common stock outstanding —        
Basic (in shares) 60,829,125 60,736,737 60,929,839 60,631,080
Diluted (in shares) 61,363,702 61,661,896 61,488,915 61,583,725
Basic earnings per share of common stock (in dollars per share) $ 1.27 $ 1.34 $ 2.08 $ 2.10
Diluted earnings per share of common stock (in dollars per share) $ 1.26 $ 1.32 $ 2.06 $ 2.06