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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents [1] $ 347 $ 287
Restricted cash 2 1
Receivables —    
Customer notes and accounts, net 1,272 1,102
Other 22 10
Inventories 730 682
Prepayments and other 229 229
Total current assets 2,602 2,311
Other assets:    
Long-term receivables, net 9 13
Goodwill 57 60
Intangibles, net 19 22
Deferred income taxes 195 218
Other 103 100
Other Assets 383 413
Plant, property, and equipment, at cost 3,548 3,418
Less — Accumulated depreciation and amortization (2,191) (2,175)
Plant, property and equipment, net 1,357 1,243
Total Assets 4,342 3,967
Current liabilities:    
Short-term debt (including current maturities of long-term debt) 90 86
Accounts payable 1,496 1,376
Accrued taxes 41 37
Accrued interest 15 4
Accrued liabilities 285 250
Other 43 41
Total current liabilities 1,970 1,794
Long-term debt 1,294 1,124
Deferred income taxes 7 7
Postretirement benefits 273 318
Deferred credits and other liabilities 116 206
Commitments and contingencies
Total liabilities 3,660 3,449
Redeemable noncontrolling interests 43 43
Tenneco Inc. Shareholders’ equity:    
Common stock 1 1
Premium on common stock and other capital surplus 3,098 3,081
Accumulated other comprehensive loss (670) (666)
Retained earnings (accumulated deficit) (1,085) (1,448)
Shareholders equity before deduction of treasury stock 1,349 969
Less — Shares held as treasury stock, at cost 761 536
Total Tenneco Inc. shareholders’ equity 588 433
Noncontrolling interests 51 42
Total equity 639 475
Total liabilities, redeemable noncontrolling interests and equity $ 4,342 $ 3,967
[1] Cash and cash equivalents include highly liquid investments with a maturity of three months or less at the date of purchase.