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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2019
Mar. 31, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenues          
Net sales and operating revenues $ 4,504   $ 2,533 $ 8,988 $ 5,114
Costs and expenses          
Cost of sales 3,793   2,134 7,657 4,327
Selling, general, and administrative 288   154 604 305
Depreciation and amortization 169   60 338 120
Engineering, research, and development 78   39 170 79
Restructuring charges and asset impairments 61   29 85 41
Goodwill impairment charge 0 $ 60 0 60 0
Costs and expenses 4,389   2,416 8,914 4,872
Other expense (income)          
Non-service pension and other postretirement benefit costs (credits) 4   3 6 6
Equity in (earnings) losses of nonconsolidated affiliates, net of tax (17)   0 (33) 0
Other expense (income), net (13)   3 (16) 3
Total other expense (income) (26)   6 (43) 9
Earnings (loss) before interest expense, income taxes, and noncontrolling interests 141   111 117 233
Interest expense 82   22 163 45
Earnings (loss) before income taxes and noncontrolling interests 59   89 (46) 188
Income tax expense (benefit) 14   26 14 51
Net income (loss) 45   63 (60) 137
Less: Net income (loss) attributable to noncontrolling interests 19   16 31 30
Net income (loss) attributable to Tenneco Inc. $ 26   $ 47 $ (91) $ 107
Basic earnings (loss) per share:          
Earnings (loss) per share (in dollars per share) $ 0.32   $ 0.92 $ (1.13) $ 2.08
Weighted average shares outstanding (in shares) 80,920,825   51,258,668 80,897,731 51,232,639
Diluted earnings (loss) per share:          
Earnings (loss) per share (in dollars per share) $ 0.32   $ 0.92 $ (1.13) $ 2.07
Weighted average shares outstanding (in shares) 80,920,825   51,607,224 80,897,731 51,546,015