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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Revenues    
Net sales and operating revenues $ 2,292 $ 2,136
Costs and expenses    
Cost of sales (exclusive of depreciation and amortization shown below) 1,925 1,770
Engineering, research, and development 39 39
Selling, general, and administrative 148 147
Depreciation and amortization of other intangibles 52 54
Costs and expenses 2,164 2,010
Other expense    
Loss on sale of receivables (1) (1)
Other expense 0 (1)
Total other expense (1) (2)
Earnings before interest expense, income taxes, and noncontrolling interests 127 124
Interest expense 15 18
Earnings before income taxes and noncontrolling interests 112 106
Income tax expense 34 34
Net income 78 72
Less: Net income attributable to noncontrolling interests 15 15
Net income attributable to Tenneco Inc. $ 63 $ 57
Weighted average shares of common stock outstanding —    
Basic (in shares) 53,856,352 57,115,496
Diluted (in shares) 54,231,759 57,445,941
Basic earnings per share of common stock (in dollars per share) $ 1.17 $ 1.00
Diluted earnings per share of common stock (in dollars per share) $ 1.16 $ 0.99