Supplemental Guarantor Condensed Consolidating Financial Statements (Tables)

3 Months Ended

Mar. 31, 2017

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Statement of Comprehensive Income (Loss)

STATEMENT OF COMPREHENSIVE INCOME (LOSS)

	Three Months Ended March 31, 2017
	Guarantor Subsidiaries			Nonguarantor Subsidiaries			Tenneco Inc. (Parent Company)			Reclass & Elims			Consolidated
	(Millions)
Revenues
Net sales and operating revenues —
External	$	1,018		$	1,274		$	—		$	—		$	2,292
Affiliated companies	144			182			—			(326		)	—
	1,162			1,456			—			(326		)	2,292
Costs and expenses
Cost of sales (exclusive of depreciation and amortization shown below)	992			1,259			—			(326		)	1,925
Engineering, research, and development	20			19			—			—			39
Selling, general, and administrative	75			73			—			—			148
Depreciation and amortization of other intangibles	21			31			—			—			52
	1,108			1,382			—			(326		)	2,164
Other income (expense)
Loss on sale of receivables	—			(1		)	—			—			(1		)
Other income (expense)	(8		)	8			—			—			—
	(8		)	7			—			—			(1		)
Earnings (loss) before interest expense, income taxes, noncontrolling interests, and equity in net income from affiliated companies	46			81			—			—			127
Interest expense —
External (net of interest capitalized)	—			—			15			—			15
Affiliated companies (net of interest income)	(3		)	1			2			—			—
Earnings (loss) before income taxes, noncontrolling interests, and equity in net income from affiliated companies	49			80			(17		)	—			112
Income tax expense (benefit)	8			26			—			—			34
Equity in net income (loss) from affiliated companies	30			—			80			(110		)	—
Net income (loss)	71			54			63			(110		)	78
Less: Net income attributable to noncontrolling interests	—			15			—			—			15
Net income (loss) attributable to Tenneco Inc.	$	71		$	39		$	63		$	(110	)	$	63
Comprehensive income (loss) attributable to Tenneco Inc.	$	71		$	39		$	91		$	(110	)	$	91

STATEMENT OF COMPREHENSIVE INCOME (LOSS)

	Three Months Ended March 31, 2016
	Guarantor Subsidiaries			Nonguarantor Subsidiaries			Tenneco Inc. (Parent Company)			Reclass & Elims			Consolidated
	(Millions)
Revenues
Net sales and operating revenues —
External	$	996		$	1,140		$	—		$	—		$	2,136
Affiliated companies	127			190			—			(317		)	—
	1,123			1,330			—			(317		)	2,136
Costs and expenses
Cost of sales (exclusive of depreciation and amortization shown below)	949			1,138			—			(317		)	1,770
Engineering, research, and development	20			19			—			—			39
Selling, general, and administrative	68			79			—			—			147
Depreciation and amortization of other intangibles	21			33			—			—			54
	1,058			1,269			—			(317		)	2,010
Other income (expense)
Loss on sale of receivables	—			(1		)	—			—			(1		)
Other income (expense)	(6		)	5			—			—			(1		)
	(6		)	4			—			—			(2		)
Earnings (loss) before interest expense, income taxes, noncontrolling interests, and equity in net income from affiliated companies	59			65			—			—			124
Interest expense —
External (net of interest capitalized)	—			—			18			—			18
Affiliated companies (net of interest income)	(3		)	2			1			—			—
Earnings (loss) before income taxes, noncontrolling interests, and equity in net income from affiliated companies	62			63			(19		)	—			106
Income tax expense	13			21			—			—			34
Equity in net income (loss) from affiliated companies	27			—			76			(103		)	—
Net income (loss)	76			42			57			(103		)	72
Less: Net income attributable to noncontrolling interests	—			15			—			—			15
Net income (loss) attributable to Tenneco Inc.	$	76		$	27		$	57		$	(103	)	$	57
Comprehensive income (loss) attributable to Tenneco Inc.	$	76		$	27		$	84		$	(103	)	$	84

Balance Sheet

BALANCE SHEET

	March 31, 2017
	Guarantor Subsidiaries			Nonguarantor Subsidiaries			Tenneco Inc. (Parent Company)		Reclass & Elims			Consolidated
	(Millions)
ASSETS
Current assets:
Cash and cash equivalents	$	6		$	335		$	—	$	—		$	341
Restricted cash	—			3			—		—			3
Receivables, net	453			1,545			—		(556		)	1,442
Inventories	364			418			—		—			782
Prepayments and other	89			199			—		—			288
Total current assets	912			2,500			—		(556		)	2,856
Other assets:
Investment in affiliated companies	1,236			—			1,334		(2,570		)	—
Notes and advances receivable from affiliates	950			17,372			4,844		(23,166		)	—
Long-term receivables, net	8			1			—		—			9
Goodwill	22			36			—		—			58
Intangibles, net	7			11			—		—			18
Deferred income taxes	40			17			127		—			184
Other	45			55			7		—			107
	2,308			17,492			6,312		(25,736		)	376
Plant, property, and equipment, at cost	1,397			2,254			—		—			3,651
Less — Accumulated depreciation and amortization	(901		)	(1,345		)	—		—			(2,246		)
	496			909			—		—			1,405
Total assets	$	3,716		$	20,901		$	6,312	$	(26,292	)	$	4,637
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Short-term debt (including current maturities of long-term debt)
Short-term debt — non-affiliated	$	—		$	98		$	15	$	—		$	113
Short-term debt — affiliated	147			229			—		(376		)	—
Accounts payable	611			1,091			—		(115		)	1,587
Accrued taxes	12			32			—		—			44
Other	134			254			10		(65		)	333
Total current liabilities	904			1,704			25		(556		)	2,077
Long-term debt — non-affiliated	—			12			1,394		—			1,406
Long-term debt — affiliated	1,612			17,317			4,237		(23,166		)	—
Deferred income taxes	—			7			—		—			7
Postretirement benefits and other liabilities	278			102			—		—			380
Commitments and contingencies
Total liabilities	2,794			19,142			5,656		(23,722		)	3,870
Redeemable noncontrolling interests	—			52			—		—			52
Tenneco Inc. shareholders’ equity	922			1,648			656		(2,570		)	656
Noncontrolling interests	—			59			—		—			59
Total equity	922			1,707			656		(2,570		)	715
Total liabilities, redeemable noncontrolling interests and equity	$	3,716		$	20,901		$	6,312	$	(26,292	)	$	4,637

BALANCE SHEET

	December 31, 2016
	Guarantor Subsidiaries			Nonguarantor Subsidiaries			Tenneco Inc. (Parent Company)		Reclass & Elims			Consolidated
	(Millions)
ASSETS
Current assets:
Cash and cash equivalents	$	9		$	338		$	—	$	—		$	347
Restricted cash	—			2			—		—			2
Receivables, net	386			1,412			—		(504		)	1,294
Inventories	361			369			—		—			730
Prepayments and other	62			167			—		—			229
Total current assets	818			2,288			—		(504		)	2,602
Other assets:
Investment in affiliated companies	1,221			—			1,222		(2,443		)	—
Notes and advances receivable from affiliates	939			16,529			4,781		(22,249		)	—
Long-term receivables, net	9			—			—		—			9
Goodwill	22			35			—		—			57
Intangibles, net	7			12			—		—			19
Deferred income taxes	47			19			129		—			195
Other	46			49			8		—			103
	2,291			16,644			6,140		(24,692		)	383
Plant, property, and equipment, at cost	1,371			2,177			—		—			3,548
Less — Accumulated depreciation and amortization	(895		)	(1,296		)	—		—			(2,191		)
	476			881			—		—			1,357
Total assets	$	3,585		$	19,813		$	6,140	$	(25,196	)	$	4,342
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Short-term debt (including current maturities of long-term debt)
Short-term debt — non-affiliated	$	—		$	75		$	15	$	—		$	90
Short-term debt — affiliated	167			187			—		(354		)	—
Accounts payable	557			1,027			—		(88		)	1,496
Accrued taxes	6			35			—		—			41
Other	147			243			15		(62		)	343
Total current liabilities	877			1,567			30		(504		)	1,970
Long-term debt — non-affiliated	—			12			1,282		—			1,294
Long-term debt — affiliated	1,543			16,466			4,240		(22,249		)	—
Deferred income taxes	—			7			—		—			7
Postretirement benefits and other liabilities	297			92			—		—			389
Commitments and contingencies
Total liabilities	2,717			18,144			5,552		(22,753		)	3,660
Redeemable noncontrolling interests	—			43			—		—			43
Tenneco Inc. shareholders’ equity	868			1,575			588		(2,443		)	588
Noncontrolling interests	—			51			—		—			51
Total equity	868			1,626			588		(2,443		)	639
Total liabilities, redeemable noncontrolling interests and equity	$	3,585		$	19,813		$	6,140	$	(25,196	)	$	4,342

Statement of Cash Flows

STATEMENT OF CASH FLOWS

	Three Months Ended March 31, 2017
	Guarantor Subsidiaries			Nonguarantor Subsidiaries			Tenneco Inc. (Parent Company)			Reclass & Elims		Consolidated
	(Millions)
Operating Activities
Net cash provided (used) by operating activities	$	(41	)	$	46		$	(14	)	$	—	$	(9	)
Investing Activities
Proceeds from sale of assets	2			1			—			—		3
Cash payments for plant, property, and equipment	(42		)	(61		)	—			—		(103		)
Cash payments for software related intangible assets	(2		)	(4		)	—			—		(6		)
Changes in restricted cash	—			(1		)	—			—		(1		)
Net cash used by investing activities	(42		)	(65		)	—			—		(107		)
Financing Activities
Repurchase of common shares	—			—			(3		)	—		(3		)
Cash dividends							(13		)			(13		)
Retirement of long-term debt	—			—			(6		)	—		(6		)
Purchase of common stock under the share repurchase program	—			—			(16		)	—		(16		)
Net increase in bank overdrafts	—			3			—			—		3
Net increase (decrease) in revolver borrowings and short-term debt excluding current maturities of long-term debt and short-term borrowings secured by accounts receivables	—			20			97			—		117
Net increase in short-term borrowings secured by accounts receivables	—			—			20			—		20
Intercompany dividend payments and net increase (decrease) in intercompany obligations	80			(15		)	(65		)	—		—
Net cash provided by financing activities	80			8			14			—		102
Effect of foreign exchange rate changes on cash and cash equivalents	—			8			—			—		8
Decrease in cash and cash equivalents	(3		)	(3		)	—			—		(6		)
Cash and cash equivalents, January 1	9			338			—			—		347
Cash and cash equivalents, March 31 (Note)	$	6		$	335		$	—		$	—	$	341

Note: Cash and cash equivalents include highly liquid investments with a maturity of three months or less at the date of purchase.

STATEMENT OF CASH FLOWS

	Three Months Ended March 31, 2016
	Guarantor Subsidiaries			Nonguarantor Subsidiaries			Tenneco Inc. (Parent Company)			Reclass & Elims		Consolidated
	(Millions)
Operating Activities
Net cash provided (used) by operating activities	$	(212	)	$	180		$	3		$	—	$	(29	)
Investing Activities
Proceeds from sale of assets	—			1			—			—		1
Cash payments for plant, property, and equipment	(13		)	(55		)	—			—		(68		)
Cash payments for software related intangible assets	(2		)	(4		)	—			—		(6		)
Changes in restricted cash	—			(1		)						(1		)
Net cash used by investing activities	(15		)	(59		)	—			—		(74		)
Financing Activities
Issuance of common shares	—			—			(2		)	—		(2		)
Retirement of long-term debt	—			—			(4		)	—		(4		)
Issuance of long-term debt	—			5			—			—		5
Purchase of common stock under the share repurchase program	—			—			(16		)	—		(16		)
Net decrease in bank overdrafts	—			7			—			—		7
Net increase (decrease) in revolver borrowings and short-term debt excluding current maturities of long-term debt	—			8			185			—		193
Intercompany dividend payments and net increase (decrease) in intercompany obligations	229			(63		)	(166		)	—		—
Net cash provided (used) by financing activities	229			(43		)	(3		)	—		183
Effect of foreign exchange rate changes on cash and cash equivalents	—			7			—			—		7
Decrease in cash and cash equivalents	2			85			—			—		87
Cash and cash equivalents, January 1	2			285			—			—		287
Cash and cash equivalents, March 31 (Note)	$	4		$	370		$	—		$	—	$	374

Note: Cash and cash equivalents include highly liquid investments with a maturity of three months or less at the date of purchase.