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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Revenues    
Net sales and operating revenues $ 4,731 $ 3,836
Costs and expenses    
Cost of sales (exclusive of depreciation and amortization) 4,061 3,339
Selling, general, and administrative 255 249
Depreciation and amortization 155 171
Engineering, research, and development 72 77
Restructuring charges, net and asset impairments 25 484
Goodwill and intangible impairment charges 0 383
Costs and expenses 4,568 4,703
Other income (expense)    
Non-service pension and postretirement benefit (costs) credits 3 1
Equity in earnings (losses) of nonconsolidated affiliates, net of tax 22 13
Gain (loss) on extinguishment of debt 8 0
Other income (expense), net 8 8
Total other expense (income) 41 22
Earnings (loss) before interest expense, income taxes, and noncontrolling interests 204 (845)
Interest expense (70) (75)
Earnings (loss) before income taxes and noncontrolling interests 134 (920)
Income tax (expense) benefit (47) 94
Net income (loss) 87 (826)
Less: Net income (loss) attributable to noncontrolling interests 22 13
Net income (loss) attributable to Tenneco Inc. $ 65 $ (839)
Basic earnings (loss) per share:    
Earnings (loss) per share (in dollars per share) $ 0.80 $ (10.34)
Weighted average shares outstanding (in shares) 81,953,133 81,168,562
Diluted earnings (loss) per share:    
Earnings (loss) per share (in dollars per share) $ 0.79 $ (10.34)
Weighted average shares outstanding (in shares) 82,524,129 81,168,562