XML 15 R2.htm IDEA: XBRL DOCUMENT v3.7.0.1
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 $ 2,020 $ 2,118 $ 2,012 $ 8,599 $ 8,181 $ 8,381
Costs and expenses                      
Cost of sales (exclusive of depreciation and amortization shown below) 1,794 1,743 1,816 1,770 1,687 1,707 1,757 1,677 7,123 6,828 6,989
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                 8,078 7,668 7,885
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 71 150 171 124 129 111 150 118 516 508 489
Interest expense                 92 67 91
Earnings before income taxes and noncontrolling interests                 424 441 398
Income tax expense                 0 146 131
Net income                 424 295 267
Less: Net income attributable to noncontrolling interests                 68 54 42
Net income attributable to Tenneco Inc. $ 38 $ 179 $ 82 $ 57 $ 70 $ 49 $ 75 $ 47 $ 356 $ 241 $ 225
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) $ 0.70 $ 3.22 $ 1.44 $ 1.00 $ 1.19 $ 0.84 $ 1.24 $ 0.79 $ 6.36 $ 4.05 $ 3.70
Earnings per average share of common stock (in dollars per share) $ 0.69 $ 3.19 $ 1.43 $ 0.99 $ 1.18 $ 0.83 $ 1.23 $ 0.78 $ 6.31 $ 4.01 $ 3.64