CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Mar. 31, 2016	Dec. 31, 2015
Current assets:
Cash and cash equivalents	$ 374	$ 287
Restricted cash	2	1
Receivables —
Customer notes and accounts, net	1,269	1,102
Other	17	10
Inventories —
Finished goods	296	257
Work in process	248	233
Raw materials	142	135
Materials and supplies	60	57
Prepayments and other	254	229
Total current assets	2,662	2,311
Other assets:
Long-term receivables, net	11	13
Goodwill	59	60
Intangibles, net	21	22
Deferred income taxes	214	218
Other	103	100
Total other assets	408	413
Plant, property, and equipment, at cost	3,513	3,418
Less — Accumulated depreciation and amortization	(2,235)	(2,175)
Plant, property and equipment, net	1,278	1,243
Total Assets	4,348	3,967
Current liabilities:
Short-term debt (including current maturities of long-term debt)	97	86
Accounts payable	1,462	1,376
Accrued taxes	52	37
Accrued interest	16	4
Accrued liabilities	253	250
Other	41	41
Total current liabilities	1,921	1,794
Long-term debt	1,311	1,124
Deferred income taxes	9	7
Postretirement benefits	313	318
Deferred credits and other liabilities	$ 189	$ 206
Commitments and contingencies
Total liabilities	$ 3,743	$ 3,449
Redeemable noncontrolling interests	51	43
Tenneco Inc. Shareholders’ equity:
Common stock	1	1
Premium on common stock and other capital surplus	3,085	3,081
Accumulated other comprehensive loss	(638)	(665)
Retained earnings (accumulated deficit)	(1,391)	(1,448)
Total shareholders equity before treasury stock	1,057	969
Less — Shares held as treasury stock, at cost	552	536
Total Tenneco Inc. shareholders’ equity	505	433
Noncontrolling interests	49	42
Total equity	554	475
Total liabilities, redeemable noncontrolling interests and equity	$ 4,348	$ 3,967