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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 341 $ 347
Restricted cash 3 2
Receivables —    
Customer notes and accounts, net 1,421 1,272
Other 21 22
Inventories —    
Finished goods 303 284
Work in process 262 245
Raw materials 150 137
Materials and supplies 67 64
Prepayments and other 288 229
Total current assets 2,856 2,602
Other assets:    
Long-term receivables, net 9 9
Goodwill 58 57
Intangibles, net 18 19
Deferred income taxes 189 199
Other 107 103
Total other assets 381 387
Plant, property, and equipment, at cost 3,651 3,548
Less — Accumulated depreciation and amortization (2,246) (2,191)
Plant, property and equipment, net 1,405 1,357
Total Assets 4,642 4,346
Current liabilities:    
Short-term debt (including current maturities of long-term debt) 113 90
Accounts payable 1,594 1,501
Accrued taxes 41 39
Accrued interest 10 15
Accrued liabilities 284 285
Other 39 43
Total current liabilities 2,081 1,973
Long-term debt 1,406 1,294
Deferred income taxes 7 7
Postretirement benefits 259 273
Deferred credits and other liabilities 150 139
Commitments and contingencies
Total liabilities 3,903 3,686
Redeemable noncontrolling interests 48 40
Tenneco Inc. Shareholders’ equity:    
Common stock 1 1
Premium on common stock and other capital surplus 3,104 3,098
Accumulated other comprehensive loss (637) (665)
Retained earnings (accumulated deficit) (1,054) (1,100)
Total shareholders equity before treasury stock 1,414 1,334
Less — Shares held as treasury stock, at cost 777 761
Total Tenneco Inc. shareholders’ equity 637 573
Noncontrolling interests 54 47
Total equity 691 620
Total liabilities, redeemable noncontrolling interests and equity $ 4,642 $ 4,346