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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 199 221
Other 103 100
Other Assets 387 416
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 4,346 3,970
Current liabilities:    
Short-term debt (including current maturities of long-term debt) 90 86
Accounts payable 1,501 1,376
Accrued taxes 39 37
Accrued interest 15 4
Accrued liabilities 285 250
Other 43 41
Total current liabilities 1,973 1,794
Long-term debt 1,294 1,124
Deferred income taxes 7 7
Postretirement benefits 273 318
Deferred credits and other liabilities 139 222
Commitments and contingencies
Total liabilities 3,686 3,465
Redeemable noncontrolling interests 40 41
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) (1,100) (1,456)
Shareholders equity before deduction of treasury stock 1,334 961
Less — Shares held as treasury stock, at cost 761 536
Total Tenneco Inc. shareholders’ equity 573 425
Noncontrolling interests 47 39
Total equity 620 464
Total liabilities, redeemable noncontrolling interests and equity $ 4,346 $ 3,970
[1] Cash and cash equivalents include highly liquid investments with a maturity of three months or less at the date of purchase.