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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) (Unaudited) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues        
Net sales and operating revenues $ 4,931 $ 4,332 $ 14,245 $ 13,646
Costs and expenses        
Cost of sales (exclusive of depreciation and amortization) 4,388 3,776 12,663 11,810
Selling, general, and administrative 219 240 728 764
Depreciation and amortization 140 147 429 447
Engineering, research, and development 71 71 220 216
Restructuring charges, net and asset impairments 3 (4) 45 48
Costs and expenses 4,821 4,230 14,085 13,285
Other income (expense)        
Non-service pension and postretirement benefit (costs) credits 3 4 9 10
Equity in earnings (losses) of nonconsolidated affiliates, net of tax 3 10 25 47
Gain (loss) on extinguishment of debt 0 0 0 8
Other income (expense), net 13 9 27 30
Other income (expense) 19 23 61 95
Earnings (loss) before interest expense, income taxes, and noncontrolling interests 129 125 221 456
Interest expense (90) (66) (232) (205)
Earnings (loss) before income taxes and noncontrolling interests 39 59 (11) 251
Income tax (expense) benefit (67) (34) (140) (122)
Net income (loss) (28) 25 (151) 129
Less: Net income (loss) attributable to noncontrolling interests 16 10 52 59
Net income (loss) attributable to Tenneco Inc. $ (44) $ 15 $ (203) $ 70
Basic earnings (loss) per share:        
Earnings (loss) per share (in dollars per share) $ (0.53) $ 0.17 $ (2.44) $ 0.85
Weighted average shares outstanding (in shares) 83,697,158 82,310,645 83,484,392 82,171,755
Diluted earnings (loss) per share:        
Earnings (loss) per share (in dollars per share) $ (0.53) $ 0.17 $ (2.44) $ 0.83
Weighted average shares outstanding (in shares) 83,697,158 84,103,606 83,484,392 83,475,736