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Condensed Consolidated Statements of Income (Unaudited) (USD $)
In Millions, except Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Revenues        
Net sales and operating revenues $ 1,888 $ 1,502 $ 3,648 $ 2,818
Costs and expenses        
Cost of sales (exclusive of depreciation and amortization shown below) 1,565 1,222 3,031 2,295
Engineering, research, and development 35 33 70 60
Selling, general, and administrative 118 98 227 198
Depreciation and amortization of other intangibles 54 53 105 108
Total costs and expenses 1,772 1,406 3,433 2,661
Other income (expense)        
Loss on sale of receivables (2) (1) (3) (2)
Other income (expense) (1) (2) (5) (3)
Total other income (expense) (3) (3) (8) (5)
Earnings before interest expense, income taxes, and noncontrolling interests 113 93 207 152
Interest expense (net of interest capitalized of $1 million in each of the three months ended June 30, 2011 and 2010, respectively and $2 million in each of the six months ended June 30, 2011 and 2010, respectively) 26 32 54 64
Income tax expense 30 15 44 30
Net income 57 46 109 58
Less: Net income attributable to noncontrolling interests 7 6 12 11
Net Income attributable to Tenneco Inc. $ 50 $ 40 $ 97 $ 47
Weighted average shares of common stock outstanding -        
Basic 59,980,866 59,142,946 59,901,929 59,033,416
Diluted 61,813,474 60,999,029 61,913,337 60,892,967
Basic earnings per share of common stock $ 0.84 $ 0.68 $ 1.62 $ 0.79
Diluted earnings per share of common stock $ 0.81 $ 0.66 $ 1.56 $ 0.77