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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) (Unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenues        
Net sales and operating revenues $ 2,637 $ 4,504 $ 6,473 $ 8,988
Costs and expenses        
Cost of sales (exclusive of depreciation and amortization) 2,498 3,801 5,837 7,671
Selling, general, and administrative 195 292 444 610
Depreciation and amortization 159 169 330 338
Engineering, research, and development 55 78 132 170
Restructuring charges, net and asset impairments 121 49 605 65
Goodwill and intangible impairment charges 0 0 383 60
Costs and expenses 3,028 4,389 7,731 8,914
Other income (expense)        
Non-service pension and other postretirement benefit (costs) credits 1 (4) 2 (6)
Equity in earnings (losses) of nonconsolidated affiliates, net of tax 4 17 17 33
Other income (expense), net 11 13 19 16
Total other expense (income) 16 26 38 43
Earnings (loss) before interest expense, income taxes, and noncontrolling interests (375) 141 (1,220) 117
Interest expense (66) (82) (141) (163)
Earnings (loss) before income taxes and noncontrolling interests (441) 59 (1,361) (46)
Income tax (expense) benefit 101 (14) 195 (14)
Net income (loss) (340) 45 (1,166) (60)
Less: Net income (loss) attributable to noncontrolling interests 10 19 23 31
Net income (loss) attributable to Tenneco Inc. $ (350) $ 26 $ (1,189) $ (91)
Basic earnings (loss) per share:        
Earnings (loss) per share (in dollars per share) $ (4.30) $ 0.32 $ (14.64) $ (1.13)
Weighted average shares outstanding (in shares) 81,350,773 80,920,825 81,259,667 80,897,731
Diluted earnings (loss) per share:        
Earnings (loss) per share (in dollars per share) $ (4.30) $ 0.32 $ (14.64) $ (1.13)
Weighted average shares outstanding (in shares) 81,350,773 80,920,825 81,259,667 80,897,731