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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
3 Months Ended 12 Months Ended
Feb. 01, 2017
Dec. 31, 2017
Sep. 30, 2017
Jun. 30, 2017
Mar. 31, 2017
Dec. 31, 2016
Sep. 30, 2016
Jun. 30, 2016
Mar. 31, 2016
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Revenues                        
Net sales and operating revenues   $ 2,391 $ 2,274 $ 2,317 $ 2,292 $ 2,155 $ 2,096 $ 2,212 $ 2,136 $ 9,274 $ 8,599 $ 8,181
Costs and expenses                        
Cost of sales (exclusive of depreciation and amortization shown below)   2,022 1,913 1,946 1,931 1,794 1,743 1,816 1,770 7,812 7,123 6,828
Goodwill impairment charge   11               11 0 0
Engineering, research, and development                   158 154 146
Selling, general, and administrative                   648 589 491
Depreciation and amortization of other intangibles                   224 212 203
Costs and expenses                   8,853 8,078 7,668
Other income (expense)                        
Loss on sale of receivables                   (5) (5) (4)
Other income (expense)                   1 0 (1)
Total other income (expense)                   (4) (5) (5)
Earnings before interest expense, income taxes, and noncontrolling interests   135 134 27 121 71 150 171 124 417 516 508
Interest expense                   73 92 67
Earnings before income taxes and noncontrolling interests                   344 424 441
Income tax expense                   70 0 146
Net income                   274 424 295
Less: Net income attributable to noncontrolling interests                   67 68 54
Net income attributable to Tenneco Inc.   $ 68 $ 83 $ (3) $ 59 $ 38 $ 179 $ 82 $ 57 $ 207 $ 356 $ 241
Weighted average shares of common stock outstanding —                        
Basic (in shares)                   52,796,184 55,939,135 59,678,309
Diluted (in shares)                   53,026,911 56,407,436 60,193,150
Basic earnings per share of common stock (in dollars per share)   $ 1.33 $ 1.57 $ (0.05) $ 1.10 $ 0.70 $ 3.22 $ 1.44 $ 1.00 $ 3.93 $ 6.36 $ 4.05
Diluted earnings per share of common stock (in dollars per share)   1.33 1.57 (0.05) 1.09 $ 0.69 $ 3.19 $ 1.43 $ 0.99 3.91 6.31 4.01
Cash dividends declared (in dollars per share) $ 0.25 $ 0.25 $ 0.25 $ 0.25 $ 0.25         $ 1.00 $ 0 $ 0