The following tables present the effect of these revisions for the financial statement line items impacted in the affected periods included within this annual financial report:



	Year Ended December 31, 2016
	As Previously Reported		Adjustment			As Revised
	(Millions Except Per Share Amounts)
Consolidated Statement of Income
Cost of sales (exclusive of depreciation and amortization)	$	7,111	$	12		$	7,123
Earnings before interest expense, income taxes, and noncontrolling interests	528		(12		)	516
Earnings before income taxes and noncontrolling interests	436		(12		)	424
Income tax expense	3		(3		)	—
Net income	433		(9		)	424
Less: Net income attributable to noncontrolling interests	70		(2		)	68
Net income attributable to Tenneco Inc.	$	363	$	(7	)	$	356
Earnings per share
Basic earnings per share of common stock	$	6.49	$	(0.13	)	$	6.36
Diluted earnings per share of common stock	$	6.44	$	(0.13	)	$	6.31



	Year Ended December 31, 2015
	As Previously Reported		Adjustment			As Revised
	(Millions Except Per Share Amounts)
Consolidated Statement of Income
Net sales and operating revenues	$	8,209	$	(28	)	$	8,181
Cost of sales (exclusive of depreciation and amortization)	6,845		(17		)	6,828
Earnings before interest expense, income taxes, and noncontrolling interests	519		(11		)	508
Earnings before income taxes and noncontrolling interests	452		(11		)	441
Income tax expense	149		(3		)	146
Net income	303		(8		)	295
Less: Net income attributable to noncontrolling interests	$	56	$	(2	)	$	54
Net income attributable to Tenneco Inc.	$	247	$	(6	)	$	241
Earnings per share
Basic earnings per share of common stock	$	4.14	$	(0.09	)	$	4.05
Diluted earnings per share of common stock	$	4.11	$	(0.10	)	$	4.01



	Year Ended December 31, 2014
	As Previously Reported		Adjustment			As Revised
	(Millions Except Per Share Amounts)
Consolidated Statement of Income
Net sales and operating revenues	$	8,420	$	(39	)	$	8,381
Cost of sales (exclusive of depreciation and amortization)	7,025		(36		)	6,989
Earnings before interest expense, income taxes, and noncontrolling interests	492		(3		)	489
Earnings before income taxes and noncontrolling interests	401		(3		)	398
Net income	270		(3		)	267
Less: Net income attributable to noncontrolling interests	$	44	$	(2	)	$	42
Net income attributable to Tenneco Inc.	$	226	$	(1	)	$	225
Earnings per share
Basic earnings per share of common stock	$	3.72	$	(0.02	)	$	3.70
Diluted earnings per share of common stock	$	3.66	$	(0.02	)	$	3.64



	Year Ended December 31, 2016
	As Previously Reported		Adjustment			As Revised
	(Millions)
Consolidated Statement of Comprehensive Income
Tenneco Inc.
Net Income	$	363	$	(7	)	$	356
Comprehensive Income	$	363	$	(7	)	$	356

Noncontrolling Interests
Net Income	$	70	$	(2	)	$	68
Comprehensive Income	$	66	$	(2	)	$	64

Total
Net Income	$	433	$	(9	)	$	424
Comprehensive Income	$	429	$	(9	)	$	420



	Year Ended December 31, 2015
	As Previously Reported		Adjustment			As Revised
	(Millions)
Consolidated Statement of Comprehensive Income
Tenneco Inc.
Net Income	$	247	$	(6	)	$	241
Comprehensive Income	$	127	$	(6	)	$	121

Noncontrolling Interests
Net Income	$	56	$	(2	)	$	54
Comprehensive Income	$	52	$	(2	)	$	50

Total
Net Income	$	303	$	(8	)	$	295
Comprehensive Income	$	179	$	(8	)	$	171



	Year Ended December 31, 2014
	As Previously Reported		Adjustment			As Revised
	(Millions)
Consolidated Statement of Comprehensive Income
Tenneco Inc.
Net Income	$	226	$	(1	)	$	225
Comprehensive Income	$	41	$	(1	)	$	40

Noncontrolling Interests
Net Income	$	44	$	(2	)	$	42
Comprehensive Income	$	42	$	(2	)	$	40

Total
Net Income	$	270	$	(3	)	$	267
Comprehensive Income	$	83	$	(3	)	$	80



	December 31, 2016
	As Previously Reported			Adjustment			As Revised
	(Millions)
Consolidated Balance Sheet
Deferred income taxes	$	195		$	4		$	199
Total assets	4,342			4			4,346
Accounts payable	1,496			5			1,501
Accrued taxes	41			(2		)	39
Total current liabilities	1,970			3			1,973
Deferred credits and other liabilities	116			23			139
Total liabilities	3,660			26			3,686
Redeemable noncontrolling interests	43			(3		)	40
Retained earnings (accumulated deficit)	(1,085		)	(15		)	(1,100		)
Total Tenneco Inc. shareholders’ equity	588			(15		)	573
Noncontrolling interests	51			(4		)	47
Total equity	639			(19		)	620
Total liabilities, redeemable noncontrolling interests and equity	4,342			4			4,346



	December 31, 2015
	As Previously Reported			Adjustment			As Revised
	(Millions)
Consolidated Balance Sheet
Deferred income taxes	$	218		$	3		$	221
Total assets	3,967			3			3,970
Deferred credits and other liabilities	206			16			222
Total liabilities	3,449			16			3,465
Redeemable noncontrolling interests	43			(2		)	41
Retained earnings (accumulated deficit)	(1,448		)	(8		)	(1,456		)
Total Tenneco Inc. shareholders’ equity	433			(8		)	425
Noncontrolling interests	42			(3		)	39
Total equity	475			(11		)	464
Total liabilities, redeemable noncontrolling interests and equity	3,967			3			3,970



	Year Ended December 31, 2016
	As Previously Reported			Adjustment			As Revised
	(Millions)
Consolidated Statement of Cash Flow *
Net income	$	433		$	(9	)	$	424
Deferred income taxes	(79		)	(1		)	(80		)
Increase (decrease) in payables	109			5			114
Increase (decrease) in accrued taxes	4			(2		)	2
Changes in long-term liabilities	26			7			33



	Year Ended December 31, 2015
	As Previously Reported			Adjustment			As Revised
	(Millions)
Consolidated Statement of Cash Flow *
Net income	$	303		$	(8	)	$	295
Deferred income taxes	—			(2		)	(2		)
Changes in long-term liabilities	(2		)	10			8



	Year Ended December 31, 2014
	As Previously Reported			Adjustment			As Revised
	(Millions)
Consolidated Statement of Cash Flow *
Net income	$	270		$	(3	)	$	267
Changes in long-term liabilities	(13		)	3			(10		)

* No change to net cash provided by operating activities.



	Year Ended December 31, 2016
	As Previously Reported			Adjustment			As Revised
	(Millions)
Consolidated Statements of Changes in Shareholders' Equity

Retained earnings (accumulated deficit)
Balance January 1	$	(1,448	)	$	(8	)	$	(1,456	)
Net income attributable to Tenneco Inc.	363			(7		)	356
Balance December 31	$	(1,085	)	$	(15	)	$	(1,100	)

Total Tenneco Inc. shareholders' equity	$	588		$	(15	)	$	573

Noncontrolling interests:
Balance January 1	$	42		$	(3	)	$	39
Net income	33			(1		)	32
Other comprehensive loss	(2		)	—			(2		)
Dividends declared	$	(22	)	$	—		$	(22	)
Balance December 31	$	51		$	(4	)	$	47

Total Equity	$	639		$	(19	)	$	620



	Year Ended December 31, 2015
	As Previously Reported			Adjustment			As Revised
	(Millions)
Consolidated Statements of Changes in Shareholders' Equity Data:

Retained earnings (accumulated deficit)
Balance January 1	$	(1,695	)	$	(2	)	$	(1,697	)
Net income attributable to Tenneco Inc.	247			(6		)	241
Balance December 31	$	(1,448	)	$	(8	)	$	(1,456	)

Total Tenneco Inc. shareholders' equity	$	433		$	(8	)	$	425

Noncontrolling interests:
Balance January 1	$	41		$	(1	)	$	40
Net income	24			(2		)	22
Other comprehensive loss	(3		)	—			(3		)
Dividends declared	$	(20	)	$	—		$	(20	)
Balance December 31	$	42		$	(3	)	$	39

Total Equity	$	475		$	(11	)	$	464



	Year Ended December 31, 2014
	As Previously Reported			Adjustment			As Revised
	(Millions)
Consolidated Statements of Changes in Shareholders' Equity Data:

Retained earnings (accumulated deficit)
Balance January 1	$	(1,921	)	$	(1	)	$	(1,922	)
Net income attributable to Tenneco Inc.	226			(1		)	225
Balance December 31	$	(1,695	)	$	(2	)	$	(1,697	)

Total Tenneco Inc. shareholders' equity	$	497		$	(2	)	$	495

Noncontrolling interests:
Balance January 1	$	39		$	—		$	39
Net income	21			(1		)	20
Other comprehensive loss	(1		)	—			(1		)
Dividends declared	$	(18	)	$	—		$	(18	)
Balance December 31	$	41		$	(1	)	$	40

Total Equity	$	538		$	(3	)	$	535