CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Millions	Jun. 30, 2016	Dec. 31, 2015
Current assets:
Cash and cash equivalents	$ 311	$ 287
Restricted cash	3	1
Receivables —
Customer notes and accounts, net	1,263	1,102
Other	24	10
Inventories —
Finished goods	295	257
Work in process	244	233
Raw materials	138	135
Materials and supplies	61	57
Prepayments and other	265	229
Total current assets	2,604	2,311
Other assets:
Long-term receivables, net	11	13
Goodwill	58	60
Intangibles, net	21	22
Deferred income taxes	204	218
Other	99	100
Total other assets	393	413
Plant, property, and equipment, at cost	3,498	3,418
Less — Accumulated depreciation and amortization	(2,219)	(2,175)
Plant, property and equipment, net	1,279	1,243
Total Assets	4,276	3,967
Current liabilities:
Short-term debt (including current maturities of long-term debt)	78	86
Accounts payable	1,438	1,376
Accrued taxes	46	37
Accrued interest	4	4
Accrued liabilities	264	250
Other	33	41
Total current liabilities	1,863	1,794
Long-term debt	1,282	1,124
Deferred income taxes	9	7
Postretirement benefits	305	318
Deferred credits and other liabilities	193	206
Commitments and contingencies
Total liabilities	3,652	3,449
Redeemable noncontrolling interests	28	43
Tenneco Inc. Shareholders’ equity:
Common stock	1	1
Premium on common stock and other capital surplus	3,093	3,081
Accumulated other comprehensive loss	(657)
Retained earnings (accumulated deficit)	(1,305)	(1,448)
Total shareholders equity before treasury stock	1,134	969
Less — Shares held as treasury stock, at cost	593	536
Total Tenneco Inc. shareholders’ equity	541	433
Noncontrolling interests	55	42
Total equity	596	475
Total liabilities, redeemable noncontrolling interests and equity	$ 4,276	$ 3,967