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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 1,362 $ 564
Restricted cash 9 2
Receivables:    
Customer notes and accounts, net 2,100 2,438
Other 85 100
Inventories 1,656 1,999
Prepayments and other current assets 632 632
Total current assets 5,844 5,735
Property, plant, and equipment, net 2,939 3,627
Long-term receivables, net 10 10
Goodwill 505 775
Intangibles, net 1,239 1,422
Investments in nonconsolidated affiliates 513 518
Deferred income taxes 818 607
Other assets 527 532
Total assets 12,395 13,226
Current liabilities:    
Short-term debt, including current maturities of long-term debt 222 185
Accounts payable 1,992 2,647
Accrued compensation and employee benefits 331 325
Accrued income taxes 48 72
Accrued expenses and other current liabilities 1,043 1,070
Total current liabilities 3,636 4,299
Long-term debt 6,629 5,371
Deferred income taxes 88 106
Pension and postretirement benefits 1,112 1,145
Deferred credits and other liabilities 502 490
Commitments and contingencies (Note 13)
Total liabilities 11,967 11,411
Redeemable noncontrolling interests 79 196
Tenneco Inc. shareholders’ equity:    
Preferred stock — $0.01 par value; none issued 0 0
Additional paid-in capital 4,433 4,432
Accumulated other comprehensive loss (874) (711)
Accumulated deficit (2,556) (1,367)
Total shareholders equity before treasury stock 1,004 2,355
Shares held as treasury stock — at cost: June 30, 2020 and December 31, 2019 — 14,592,888 (930) (930)
Total Tenneco Inc. shareholders’ equity 74 1,425
Noncontrolling interests 275 194
Total equity 349 1,619
Total liabilities, redeemable noncontrolling interests and equity 12,395 13,226
Class A    
Tenneco Inc. shareholders’ equity:    
Common stock 1 1
Class B    
Tenneco Inc. shareholders’ equity:    
Common stock $ 0 $ 0