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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 626 $ 798
Restricted cash 5 5
Receivables:    
Customer notes and accounts, net 2,706 2,423
Other 116 105
Inventories 1,830 1,743
Prepayments and other current assets 589 619
Total current assets 5,872 5,693
Property, plant, and equipment, net 2,955 3,057
Long-term receivables, net 9 8
Goodwill 508 508
Intangibles, net 1,154 1,194
Investments in nonconsolidated affiliates 532 581
Deferred income taxes 282 285
Other assets 525 526
Total assets 11,837 11,852
Current liabilities:    
Short-term debt, including current maturities of long-term debt 124 162
Accounts payable 3,090 2,917
Accrued compensation and employee benefits 431 365
Accrued income taxes 65 54
Accrued expenses and other current liabilities 1,053 1,188
Total current liabilities 4,763 4,686
Long-term debt 5,111 5,171
Deferred income taxes 94 89
Pension and postretirement benefits 1,062 1,101
Deferred credits and other liabilities 511 546
Commitments and contingencies (Note 13)
Total liabilities 11,541 11,593
Redeemable noncontrolling interests 87 78
Tenneco Inc. shareholders’ equity:    
Preferred stock - $0.01 par value; none issued 0 0
Additional paid-in capital 4,445 4,442
Accumulated other comprehensive loss (789) (744)
Accumulated deficit (2,823) (2,888)
Shares held as treasury stock - at cost: (March 31, 2021 and December 31, 2020 - 14,592,888) (930) (930)
Total Tenneco Inc. shareholders’ equity (deficit) (96) (119)
Noncontrolling interests 305 300
Total equity 209 181
Total liabilities, redeemable noncontrolling interests, and equity 11,837 11,852
Class A    
Tenneco Inc. shareholders’ equity:    
Common stock 1 1
Class B    
Tenneco Inc. shareholders’ equity:    
Common stock $ 0 $ 0