XML 40 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Millions, except Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Revenues        
Net sales and operating revenues $ 1,778 $ 1,773 $ 5,610 $ 5,421
Costs and expenses        
Cost of sales (exclusive of depreciation and amortization shown below) 1,494 1,492 4,696 4,523
Goodwill impairment charge   11   11
Engineering, research, and development 28 32 94 102
Selling, general, and administrative 94 101 321 328
Depreciation and amortization of other intangibles 49 51 148 156
Costs and expenses 1,665 1,687 5,259 5,120
Other expense        
Loss on sale of receivables (1) (1) (3) (4)
Other (1) (1) (4) (6)
Total other income (expense) (2) (2) (7) (10)
Earnings before interest expense, income taxes, and noncontrolling interests 111 84 344 291
Interest expense (net of interest capitalized of $1 million for both three months ended September 30, 2012 and 2011, respectively, and $3 million for both nine months ended September 30, 2012 and 2011, respectively) 21 27 84 81
Earnings before income taxes and noncontrolling interests 90 57 260 210
Income tax (benefit) expense (42) 21 (3) 65
Net income 132 36 263 145
Less: Net income attributable to noncontrolling interests 7 6 21 18
Net income attributable to Tenneco Inc. $ 125 $ 30 $ 242 $ 127
Weighted average shares of common stock outstanding        
Basic 59,766,097 59,793,866 59,983,310 59,866,717
Diluted 60,949,632 61,541,476 61,266,124 61,802,403
Basic earnings per share of common stock $ 2.09 $ 0.51 $ 4.04 $ 2.12
Diluted earnings per share of common stock $ 2.05 $ 0.49 $ 3.95 $ 2.06