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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 767 $ 564
Restricted cash 3 2
Receivables:    
Customer notes and accounts, net 2,146 2,438
Other 96 100
Inventories 2,001 1,999
Prepayments and other current assets 623 632
Total current assets 5,636 5,735
Property, plant and equipment, net 3,012 3,627
Long-term receivables, net 8 10
Goodwill 505 775
Intangibles, net 1,264 1,422
Investments in nonconsolidated affiliates 509 518
Deferred income taxes 747 607
Other assets 543 532
Total assets 12,224 13,226
Current liabilities:    
Short-term debt, including current maturities of long-term debt 175 185
Accounts payable 2,443 2,647
Accrued compensation and employee benefits 294 325
Accrued income taxes 96 72
Accrued expenses and other current liabilities 968 1,070
Total current liabilities 3,976 4,299
Long-term debt 5,837 5,371
Deferred income taxes 84 106
Pension and postretirement benefits 1,109 1,145
Deferred credits and other liabilities 497 490
Commitments and contingencies (Note 13)
Total liabilities 11,503 11,411
Redeemable noncontrolling interests 72 196
Tenneco Inc. shareholders’ equity:    
Preferred stock — $0.01 par value; none issued 0 0
Additional paid-in capital 4,427 4,432
Accumulated other comprehensive loss (908) (711)
Accumulated deficit (2,206) (1,367)
Total shareholders equity before treasury stock 1,314 2,355
Shares held as treasury stock — at cost: March 31, 2020 and December 31, 2019 — 14,592,888 (930) (930)
Total Tenneco Inc. shareholders’ equity 384 1,425
Noncontrolling interests 265 194
Total equity 649 1,619
Total liabilities, redeemable noncontrolling interests and equity 12,224 13,226
Class A voting stock — $0.01 par value; shares issued: March 31, 2020 — 72,057,592 and December 31, 2019 — 71,727,061    
Tenneco Inc. shareholders’ equity:    
Common stock 1 1
Class B non-voting convertible stock — $0.01 par value; shares issued: March 31, 2020 and December 31, 2019 — 23,793,669    
Tenneco Inc. shareholders’ equity:    
Common stock $ 0 $ 0