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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) (Unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Revenues        
Net sales and operating revenues $ 4,583 $ 2,637 $ 9,314 $ 6,473
Costs and expenses        
Cost of sales (exclusive of depreciation and amortization) 3,973 2,498 8,034 5,837
Selling, general, and administrative 269 195 524 444
Depreciation and amortization 145 159 300 330
Engineering, research, and development 73 55 145 132
Restructuring charges, net and asset impairments 27 121 52 605
Goodwill and intangible impairment charges 0 0 0 383
Costs and expenses 4,487 3,028 9,055 7,731
Other income (expense)        
Non-service pension and postretirement benefit (costs) credits 3 1 6 2
Equity in earnings (losses) of nonconsolidated affiliates, net of tax 15 4 37 17
Gain (loss) on extinguishment of debt 0 0 8 0
Other income (expense), net 13 11 21 19
Total other expense (income) 31 16 72 38
Earnings (loss) before interest expense, income taxes, and noncontrolling interests 127 (375) 331 (1,220)
Interest expense (69) (66) (139) (141)
Earnings (loss) before income taxes and noncontrolling interests 58 (441) 192 (1,361)
Income tax (expense) benefit (41) 101 (88) 195
Net income (loss) 17 (340) 104 (1,166)
Less: Net income (loss) attributable to noncontrolling interests 27 10 49 23
Net income (loss) attributable to Tenneco Inc. $ (10) $ (350) $ 55 $ (1,189)
Basic earnings (loss) per share:        
Earnings (loss) per share (in dollars per share) $ (0.12) $ (4.30) $ 0.68 $ (14.64)
Weighted average shares outstanding (in shares) 82,251,559 81,350,773 82,102,310 81,259,667
Diluted earnings (loss) per share:        
Earnings (loss) per share (in dollars per share) $ (0.12) $ (4.30) $ 0.67 $ (14.64)
Weighted average shares outstanding (in shares) 82,251,559 81,350,773 83,122,354 81,259,667