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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
3 Months Ended 12 Months Ended
Dec. 31, 2015
Sep. 30, 2015
Jun. 30, 2015
Mar. 31, 2015
Dec. 31, 2014
Sep. 30, 2014
Jun. 30, 2014
Mar. 31, 2014
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Revenues                      
Net sales and operating revenues $ 2,031 $ 2,025 $ 2,130 $ 2,023 $ 2,004 $ 2,081 $ 2,241 $ 2,094 $ 8,209 $ 8,420 $ 7,964
Costs and expenses                      
Cost of sales (exclusive of depreciation and amortization shown below) 1,688 1,707 1,764 1,686 1,685 1,735 1,851 1,754 6,845 7,025 6,734
Engineering, research, and development                 146 169 144
Selling, general, and administrative                 491 519 453
Depreciation and amortization of other intangibles                 203 208 205
Costs and expenses                 7,685 7,921 7,536
Other income (expense)                      
Loss on sale of receivables                 (4) (4) (4)
Other expense                 (1) (3) 0
Total other income (expense)                 (5) (7) (4)
Earnings before interest expense, income taxes, and noncontrolling interests 128 116 155 120 83 140 156 113 519 492 424
Interest expense                 67 91 80
Earnings before income taxes and noncontrolling interests                 452 401 344
Income tax expense                 149 131 122
Net income                 303 270 222
Less: Net income attributable to noncontrolling interests                 56 44 39
Net income attributable to Tenneco Inc. $ 68 $ 52 $ 78 $ 49 $ 21 $ 78 $ 81 $ 46 $ 247 $ 226 $ 183
Weighted average shares of common stock outstanding —                      
Basic (in shares)                 59,678,309 60,734,022 60,474,492
Diluted (in shares)                 60,193,150 61,782,508 61,594,062
Basic earnings per share of common stock (in dollars per share) $ 1.18 $ 0.89 $ 1.27 $ 0.81 $ 0.34 $ 1.29 $ 1.34 $ 0.76 $ 4.14 $ 3.72 $ 3.03
Diluted earnings per share of common stock (in dollars per share) $ 1.17 $ 0.88 $ 1.26 $ 0.80 $ 0.33 $ 1.27 $ 1.32 $ 0.75 $ 4.11 $ 3.66 $ 2.97