XML 70 R58.htm IDEA: XBRL DOCUMENT v3.2.0.727
Supplemental Guarantor Condensed Consolidating Financial Statements - Statement of Cash Flows (Details) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Operating Activities        
Net cash provided (used) by operating activities $ 132,000,000 $ 114,000,000 $ 82,000,000 $ (26,000,000)
Investing Activities        
Proceeds from sale of assets 1,000,000 0 2,000,000 0
Cash payments for plant, property, and equipment (73,000,000) (84,000,000) (150,000,000) (167,000,000)
Cash payments for software related intangible assets (3,000,000) (2,000,000) (8,000,000) (9,000,000)
Changes in restricted cash (2,000,000) 1,000,000 1,000,000 0
Net cash used by investing activities (77,000,000) (85,000,000) (155,000,000) (176,000,000)
Financing Activities        
Issuance (repurchase) of common shares 5,000,000 1,000,000 5,000,000 (1,000,000)
Tax benefit from stock-based compensation 3,000,000 5,000,000 6,000,000 17,000,000
Retirement of long-term debt (17,000,000) (7,000,000) (21,000,000) (10,000,000)
Issuance of long-term debt 0 45,000,000 0 45,000,000
Debt issuance cost of long-term debt (1,000,000) 0 (1,000,000) 0
Purchase of common stock under the share repurchase program (33,000,000) 0 (44,000,000) 0
Net decrease in bank overdrafts (3,000,000) (5,000,000) (11,000,000) (1,000,000)
Net increase (decrease) in revolver borrowings and short-term debt excluding current maturities of long-term debt and short-term borrowings secured by accounts receivables (26,000,000) (30,000,000) 85,000,000 167,000,000
Net increase (decrease) in short-term borrowings secured by accounts receivables   (30,000,000) 50,000,000 (10,000,000)
Intercompany dividend payments and net increase (decrease) in intercompany obligations 0 0 0 0
Capital contribution from noncontrolling interest partner 0 4,000,000 0 5,000,000
Payments of Ordinary Dividends, Noncontrolling Interest (22,000,000) (23,000,000) (22,000,000) (23,000,000)
Net cash provided (used) by financing activities (94,000,000) (40,000,000) 47,000,000 189,000,000
Effect of foreign exchange rate changes on cash and cash equivalents 1,000,000 4,000,000 (6,000,000) (2,000,000)
Decrease in cash and cash equivalents (38,000,000) (7,000,000) (32,000,000) (15,000,000)
Cash and cash equivalents, April 1 and January 1, respectively 288,000,000 267,000,000 282,000,000 275,000,000
Cash and cash equivalents, June 30 (Note) 250,000,000 260,000,000 250,000,000 260,000,000
Guarantor Subsidiaries        
Operating Activities        
Net cash provided (used) by operating activities 118,000,000 52,000,000 44,000,000 (156,000,000)
Investing Activities        
Proceeds from sale of assets 1,000,000   1,000,000  
Cash payments for plant, property, and equipment (30,000,000) (22,000,000) (57,000,000) (47,000,000)
Cash payments for software related intangible assets (3,000,000) (2,000,000) (5,000,000) (6,000,000)
Changes in restricted cash 0 0 0  
Net cash used by investing activities (32,000,000) (24,000,000) (61,000,000) (53,000,000)
Financing Activities        
Issuance (repurchase) of common shares 0 0 0 0
Tax benefit from stock-based compensation 0 0 0 0
Retirement of long-term debt 0 0 0 0
Issuance of long-term debt   0   0
Debt issuance cost of long-term debt 0   0  
Purchase of common stock under the share repurchase program 0   0  
Net decrease in bank overdrafts 0 0 0 0
Net increase (decrease) in revolver borrowings and short-term debt excluding current maturities of long-term debt and short-term borrowings secured by accounts receivables 0 0 0 0
Net increase (decrease) in short-term borrowings secured by accounts receivables   0 0 0
Intercompany dividend payments and net increase (decrease) in intercompany obligations (82,000,000) (30,000,000) 11,000,000 203,000,000
Capital contribution from noncontrolling interest partner   0   0
Payments of Ordinary Dividends, Noncontrolling Interest 0 0 0 0
Net cash provided (used) by financing activities (82,000,000) (30,000,000) 11,000,000 203,000,000
Effect of foreign exchange rate changes on cash and cash equivalents 0 0 0 0
Decrease in cash and cash equivalents 4,000,000 (2,000,000) (6,000,000) (6,000,000)
Cash and cash equivalents, April 1 and January 1, respectively 0 2,000,000 10,000,000 6,000,000
Cash and cash equivalents, June 30 (Note) 4,000,000 0 4,000,000 0
Non-Guarantor Subsidiaries        
Operating Activities        
Net cash provided (used) by operating activities 63,000,000 80,000,000 89,000,000 170,000,000
Investing Activities        
Proceeds from sale of assets 0   1,000,000  
Cash payments for plant, property, and equipment (43,000,000) (62,000,000) (93,000,000) (120,000,000)
Cash payments for software related intangible assets 0 0 (3,000,000) (3,000,000)
Changes in restricted cash (2,000,000) 1,000,000 1,000,000  
Net cash used by investing activities (45,000,000) (61,000,000) (94,000,000) (123,000,000)
Financing Activities        
Issuance (repurchase) of common shares 0 0 0 0
Tax benefit from stock-based compensation 0 0 0 0
Retirement of long-term debt (13,000,000) 0 (13,000,000) 0
Issuance of long-term debt   45,000,000   45,000,000
Debt issuance cost of long-term debt 0   0  
Purchase of common stock under the share repurchase program 0   0  
Net decrease in bank overdrafts (3,000,000) (5,000,000) (11,000,000) (1,000,000)
Net increase (decrease) in revolver borrowings and short-term debt excluding current maturities of long-term debt and short-term borrowings secured by accounts receivables (5,000,000) (17,000,000) 59,000,000 7,000,000
Net increase (decrease) in short-term borrowings secured by accounts receivables   0 0 0
Intercompany dividend payments and net increase (decrease) in intercompany obligations (18,000,000) (32,000,000) (28,000,000) (87,000,000)
Capital contribution from noncontrolling interest partner   4,000,000   5,000,000
Payments of Ordinary Dividends, Noncontrolling Interest (22,000,000) (23,000,000) (22,000,000) (23,000,000)
Net cash provided (used) by financing activities (61,000,000) (28,000,000) (15,000,000) (54,000,000)
Effect of foreign exchange rate changes on cash and cash equivalents 1,000,000 4,000,000 (6,000,000) (2,000,000)
Decrease in cash and cash equivalents (42,000,000) (5,000,000) (26,000,000) (9,000,000)
Cash and cash equivalents, April 1 and January 1, respectively 288,000,000 265,000,000 272,000,000 269,000,000
Cash and cash equivalents, June 30 (Note) 246,000,000 260,000,000 246,000,000 260,000,000
Tenneco Inc        
Operating Activities        
Net cash provided (used) by operating activities (30,000,000) 8,000,000 (32,000,000) (14,000,000)
Investing Activities        
Proceeds from sale of assets 0   0  
Cash payments for plant, property, and equipment 0 0 0 0
Cash payments for software related intangible assets 0 0 0 0
Changes in restricted cash 0   0  
Net cash used by investing activities 0 0 0 0
Financing Activities        
Issuance (repurchase) of common shares 5,000,000 1,000,000 5,000,000 (1,000,000)
Tax benefit from stock-based compensation 3,000,000 5,000,000 6,000,000 17,000,000
Retirement of long-term debt (4,000,000) (7,000,000) (8,000,000) (10,000,000)
Issuance of long-term debt   0   0
Debt issuance cost of long-term debt (1,000,000)   (1,000,000)  
Purchase of common stock under the share repurchase program (33,000,000)   (44,000,000)  
Net decrease in bank overdrafts 0 0 0 0
Net increase (decrease) in revolver borrowings and short-term debt excluding current maturities of long-term debt and short-term borrowings secured by accounts receivables (21,000,000) (13,000,000) 26,000,000 160,000,000
Net increase (decrease) in short-term borrowings secured by accounts receivables   (30,000,000) 50,000,000 (10,000,000)
Intercompany dividend payments and net increase (decrease) in intercompany obligations 81,000,000 36,000,000 (2,000,000) (142,000,000)
Capital contribution from noncontrolling interest partner   0   0
Payments of Ordinary Dividends, Noncontrolling Interest 0 0   0
Net cash provided (used) by financing activities 30,000,000 (8,000,000) 32,000,000 14,000,000
Effect of foreign exchange rate changes on cash and cash equivalents 0 0 0 0
Decrease in cash and cash equivalents 0 0 0 0
Cash and cash equivalents, April 1 and January 1, respectively 0 0 0 0
Cash and cash equivalents, June 30 (Note) 0 0 0 0
Reclass and Elims        
Operating Activities        
Net cash provided (used) by operating activities (19,000,000) (26,000,000) (19,000,000) (26,000,000)
Investing Activities        
Proceeds from sale of assets 0   0  
Cash payments for plant, property, and equipment 0 0 0 0
Cash payments for software related intangible assets 0 0 0 0
Changes in restricted cash 0   0  
Net cash used by investing activities 0 0 0 0
Financing Activities        
Issuance (repurchase) of common shares 0 0 0 0
Tax benefit from stock-based compensation 0 0 0 0
Retirement of long-term debt 0 0 0 0
Issuance of long-term debt   0   0
Debt issuance cost of long-term debt 0   0  
Purchase of common stock under the share repurchase program 0   0  
Net decrease in bank overdrafts 0 0 0 0
Net increase (decrease) in revolver borrowings and short-term debt excluding current maturities of long-term debt and short-term borrowings secured by accounts receivables 0 0 0 0
Net increase (decrease) in short-term borrowings secured by accounts receivables   0 0 0
Intercompany dividend payments and net increase (decrease) in intercompany obligations 19,000,000 26,000,000 19,000,000 26,000,000
Capital contribution from noncontrolling interest partner   0   0
Payments of Ordinary Dividends, Noncontrolling Interest 0 0 0 0
Net cash provided (used) by financing activities 19,000,000 26,000,000 19,000,000 26,000,000
Effect of foreign exchange rate changes on cash and cash equivalents 0 0 0 0
Decrease in cash and cash equivalents 0 0 0 0
Cash and cash equivalents, April 1 and January 1, respectively 0 0 0 0
Cash and cash equivalents, June 30 (Note) $ 0 $ 0 $ 0 $ 0