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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
3 Months Ended 12 Months Ended
Dec. 31, 2016
Sep. 30, 2016
Jun. 30, 2016
Mar. 31, 2016
Dec. 31, 2015
Sep. 30, 2015
Jun. 30, 2015
Mar. 31, 2015
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Revenues                      
Net sales and operating revenues $ 2,155 $ 2,096 $ 2,212 $ 2,136 $ 2,031 $ 2,025 $ 2,130 $ 2,023 $ 8,599 $ 8,209 $ 8,420
Costs and expenses                      
Cost of sales (exclusive of depreciation and amortization shown below) 1,790 1,741 1,810 1,770 1,688 1,707 1,764 1,686 7,111 6,845 7,025
Engineering, research, and development                 154 146 169
Selling, general, and administrative                 589 491 519
Depreciation and amortization of other intangibles                 212 203 208
Costs and expenses                 8,066 7,685 7,921
Other income (expense)                      
Loss on sale of receivables                 (5) (4) (4)
Other expense                 0 (1) (3)
Total other income (expense)                 (5) (5) (7)
Earnings before interest expense, income taxes, and noncontrolling interests 75 152 177 124 128 116 155 120 528 519 492
Interest expense                 92 67 91
Earnings before income taxes and noncontrolling interests                 436 452 401
Income tax expense                 3 149 131
Net income                 433 303 270
Less: Net income attributable to noncontrolling interests                 70 56 44
Net income attributable to Tenneco Inc. $ 40 $ 180 $ 86 $ 57 $ 68 $ 52 $ 78 $ 49 $ 363 $ 247 $ 226
Weighted average shares of common stock outstanding —                      
Basic (in shares)                 55,939,135 59,678,309 60,734,022
Diluted (in shares)                 56,407,436 60,193,150 61,782,508
Basic earnings per share of common stock (in dollars per share) $ 0.74 $ 3.24 $ 1.51 $ 1.00 $ 1.18 $ 0.89 $ 1.27 $ 0.81 $ 6.49 $ 4.14 $ 3.72
Diluted earnings per share of common stock (in dollars per share) $ 0.73 $ 3.21 $ 1.49 $ 0.99 $ 1.17 $ 0.88 $ 1.26 $ 0.80 $ 6.44 $ 4.11 $ 3.66