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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
3 Months Ended 12 Months Ended
Dec. 31, 2018
Sep. 30, 2018
Jun. 30, 2018
Mar. 31, 2018
Dec. 31, 2017
Sep. 30, 2017
Jun. 30, 2017
Mar. 31, 2017
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Revenues                      
Net sales and operating revenues $ 4,278 $ 2,371 $ 2,533 $ 2,581 $ 2,389 $ 2,273 $ 2,314 $ 2,298 $ 11,763 $ 9,274 $ 8,597
Costs and expenses                      
Cost of sales (exclusive of depreciation and amortization) 3,698 2,014 2,157 2,202 2,019 1,912 1,949 1,932 10,071 7,812 7,126
Selling, general, and administrative                 794 638 514
Depreciation and amortization                 345 226 213
Engineering, research, and development                 204 158 153
Goodwill impairment charge                 3 11 0
Costs and expenses                 11,417 8,845 8,006
Other expense (income)                      
Loss on sale of receivables                 16 5 5
Non-service pension and postretirement benefit costs                 20 16 84
Loss on extinguishment of debt                 10 1 24
Equity in (earnings) losses of nonconsolidated affiliates, net of tax                 (18) 1 0
Other expense (income), net                 12 (2) (1)
Total other expense (income)                 40 21 112
Earnings before interest expense, income taxes, and noncontrolling interests (31) 109 109 119 132 131 23 122 306 408 479
Interest expense                 132 72 68
Earnings before income taxes and noncontrolling interests                 174 336 411
Income tax expense (benefit)                 63 71 (4)
Net income                 111 265 415
Less: Net income attributable to noncontrolling interests                 56 67 68
Net income attributable to Tenneco Inc. $ (109) $ 57 $ 47 $ 60 $ 62 $ 80 $ (5) $ 61 $ 55 $ 198 $ 347
Weighted average shares of common stock outstanding —                      
Basic (in shares)                 58,625,087 52,796,184 55,939,135
Diluted (in shares)                 58,758,732 53,026,911 56,407,436
Basic earnings per share of common stock (in dollars per share) $ (1.35) $ 1.11 $ 0.92 $ 1.17 $ 1.19 $ 1.53 $ (0.09) $ 1.13 $ 0.93 $ 3.75 $ 6.20
Diluted earnings per share of common stock (in dollars per share) $ (1.35) $ 1.11 $ 0.92 $ 1.17 $ 1.19 $ 1.53 $ (0.09) $ 1.12 $ 0.93 $ 3.73 $ 6.15