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Segment Information
6 Months Ended
Jun. 30, 2018
Segment Reporting [Abstract]  
Segment Information
Segment Information
In the first quarter of 2018, the Company revised its reportable segments to consist of the following three segments: Clean Air, Ride Performance and Aftermarket. The new reportable segments, which are also the Company's operating segments, align with how the Chief Operating Decision Maker allocates resources and assesses performance against the Company’s key growth strategies. Costs related to other business activities, primarily corporate headquarter functions, are disclosed separately from the three operating segments as "Other." We evaluate segment performance based primarily on earnings before interest expense, income taxes, and noncontrolling interests. Products are transferred between segments and geographic areas on a basis intended to reflect as nearly as possible the “market value” of the products. Prior period segment information has been retrospectively revised to reflect our current segmentation. These changes also resulted in changes to the Company's reporting units. The Company allocated goodwill to its new reporting units in the first quarter of 2018, using a relative fair value approach, assessed potential goodwill impairment for all reporting units immediately before and immediately after the reallocation, and determined that no impairment existed.
The following table summarizes certain Tenneco Inc. segment information:
 
Segments
 
 
 
 
 
 
 
Clean Air
 
Ride Performance
 
Aftermarket
 
Total
 
Other
 
Reclass & Elims
 
Total
 
(Millions)
At June 30, 2018 and for the Three Months Ended June 30, 2018
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenues from external customers
$
1,694

 
$
506

 
$
337

 
$
2,537

 
$

 
$

 
$
2,537

Intersegment revenues
13

 
14

 
13

 
40

 

 
(40
)
 

EBIT, Earnings (loss) before interest expense, income taxes, and noncontrolling interests
105

 
5

 
50

 
160

 
(47
)
 

 
113

Total assets
2,957

 
1,094

 
896

 
4,947

 

 
56

 
5,003

At June 30, 2017 and for the Three Months Ended June 30, 2017
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenues from external customers
$
1,539

 
$
442

 
$
336

 
$
2,317

 
$

 
$

 
$
2,317

Intersegment revenues
17

 
13

 
10

 
40

 

 
(40
)
 

EBIT, Earnings (loss) before interest expense, income taxes, and noncontrolling interests
106

 
18

 
54

 
178

 
(151
)
 

 
27

Total assets
2,907

 
1,075

 
872

 
4,854

 

 
27

 
4,881

At June 30, 2018 and for the Six Months Ended June 30, 2018
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenues from external customers
$
3,450

 
$
1,019

 
$
642

 
$
5,111

 
$

 
$

 
$
5,111

Intersegment revenues
28

 
29

 
23

 
80

 

 
(80
)
 

EBIT, Earnings (loss) before interest expense, income taxes, and noncontrolling interests
224

 
13

 
85

 
322

 
(92
)
 

 
230

Total assets
2,957

 
1,094

 
896

 
4,947

 

 
56

 
5,003

At June 30, 2017 and for the Six Months Ended June 30, 2017
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenues from external customers
$
3,094

 
$
870

 
$
645

 
$
4,609

 
$

 
$

 
$
4,609

Intersegment revenues
42

 
28

 
21

 
91

 

 
(91
)
 

EBIT, Earnings (loss) before interest expense, income taxes, and noncontrolling interests
200

 
45

 
96

 
341

 
(193
)
 

 
148

Total assets
2,907

 
1,075

 
872

 
4,854

 

 
27

 
4,881