CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions		Dec. 31, 2015	Dec. 31, 2014
Current assets:
Cash and cash equivalents	[1]	$ 287	$ 282
Restricted cash		1	3
Receivables —
Customer notes and accounts, net		1,102	1,064
Other		10	24
Inventories		682	688
Deferred income taxes		0	81
Prepayments and other		229	284
Total current assets		2,311	2,426
Other assets:
Long-term receivables, net		13	12
Goodwill		60	65
Intangibles, net		22	26
Deferred income taxes		218	143
Other		100	106
Total other assets		413	352
Plant, property, and equipment, at cost		3,418	3,490
Less — Accumulated depreciation and amortization		(2,175)	(2,272)
Plant, property and equipment, net		1,243	1,218
Total Assets		3,967	3,996
Current liabilities:
Short-term debt (including current maturities of long-term debt)		86	60
Accounts payable		1,376	1,372
Accrued taxes		37	40
Accrued interest		4	3
Accrued liabilities		250	258
Other		41	66
Total current liabilities		1,794	1,799
Long-term debt		1,124	1,055
Deferred income taxes		7	18
Postretirement benefits		318	339
Deferred credits and other liabilities		$ 206	$ 212
Commitments and contingencies
Total liabilities		$ 3,449	$ 3,423
Redeemable noncontrolling interests		43	35
Tenneco Inc. Shareholders’ equity:
Common stock		1	1
Premium on common stock and other capital surplus		3,081	3,059
Accumulated other comprehensive loss		(666)	(542)
Retained earnings (accumulated deficit)		(1,448)	(1,695)
Shareholders equity before deduction of treasury stock		969	820
Less — Shares held as treasury stock, at cost		536	323
Total Tenneco Inc. shareholders’ equity		433	497
Noncontrolling interests		42	41
Total equity		475	538
Total liabilities, redeemable noncontrolling interests and equity		$ 3,967	$ 3,996

[1] Cash and cash equivalents include highly liquid investments with a maturity of three months or less at the date of purchase.