XML 20 R2.htm IDEA: XBRL DOCUMENT v3.5.0.2
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Revenues        
Net sales and operating revenues $ 2,096 $ 2,025 $ 6,444 $ 6,178
Costs and expenses        
Cost of sales (exclusive of depreciation and amortization shown below) 1,741 1,707 5,321 5,157
Engineering, research, and development 41 35 117 114
Selling, general, and administrative 109 113 390 359
Depreciation and amortization of other intangibles 53 53 159 154
Costs and expenses 1,944 1,908 5,987 5,784
Other income (expense)        
Loss on sale of receivables (2) (1) (4) (3)
Other income 2 0 0 0
Total other income (expense) 0 (1) (4) (3)
Earnings before interest expense, income taxes, and noncontrolling interests 152 116 453 391
Interest expense 24 16 76 49
Earnings before income taxes and noncontrolling interests 128 100 377 342
Income tax expense (benefit) (69) 34 5 122
Net income 197 66 372 220
Less: Net income attributable to noncontrolling interests 17 14 49 41
Net income attributable to Tenneco Inc. $ 180 $ 52 $ 323 $ 179
Weighted average shares of common stock outstanding —        
Basic (in shares) 55,679,969 59,587,628 56,511,838 60,428,806
Diluted (in shares) 56,165,709 60,020,995 56,958,447 60,946,772
Basic earnings per share of common stock (in dollars per share) $ 3.24 $ 0.89 $ 5.72 $ 2.97
Diluted earnings per share of common stock (in dollars per share) $ 3.21 $ 0.88 $ 5.67 $ 2.94