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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2016
Mar. 31, 2015
Jun. 30, 2016
Jun. 30, 2015
Revenues        
Net sales and operating revenues $ 2,212 $ 2,130 $ 4,348 $ 4,153
Costs and expenses        
Cost of sales (exclusive of depreciation and amortization shown below) 1,810 1,764 3,580 3,450
Engineering, research, and development 37 38 76 79
Selling, general, and administrative 134 121 281 246
Depreciation and amortization of other intangibles 52 51 106 101
Costs and expenses 2,033 1,974 4,043 3,876
Other expense        
Loss on sale of receivables (1) (1) (2) (2)
Other (1) 0 (2) 0
Total other income (expense) (2) (1) (4) (2)
Earnings before interest expense, income taxes, and noncontrolling interests 177 155 301 275
Interest expense 34 17 52 33
Earnings before income taxes and noncontrolling interests 143 138 249 242
Income tax expense 40 47 74 88
Net income 103 91 175 154
Less: Net income attributable to noncontrolling interests 17 13 32 27
Net income attributable to Tenneco Inc. $ 86 $ 78 $ 143 $ 127
Weighted average shares of common stock outstanding —        
Basic (in shares) 56,873,353 60,829,125 56,991,568 60,929,839
Diluted (in shares) 57,331,749 61,363,702 57,391,932 61,488,915
Basic earnings per share of common stock (in dollars per share) $ 1.51 $ 1.27 $ 2.50 $ 2.08
Diluted earnings per share of common stock (in dollars per share) $ 1.49 $ 1.26 $ 2.49 $ 2.06