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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Millions, except Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Revenues        
Net sales and operating revenues $ 2,241 $ 2,067 $ 4,335 $ 3,970
Costs and expenses        
Cost of sales (exclusive of depreciation and amortization shown below) 1,851 1,736 3,605 3,340
Engineering, research, and development 42 33 84 68
Selling, general, and administrative 139 106 271 225
Depreciation and amortization of other intangibles 52 50 103 100
Costs and expenses 2,084 1,925 4,063 3,733
Other expense        
Loss on sale of receivables (1) (1) (2) (2)
Other 0 0 (1) (1)
Total other income (expense) (1) (1) (3) (3)
Earnings before interest expense, income taxes, and noncontrolling interests 156 141 269 234
Interest expense (net of interest capitalized of $1 million in both of the three months ended June 30, 2014 and 2013, and $2 million in both of the six months ended June 30, 2014 and 2013, respectively) 19 20 38 40
Earnings before income taxes and noncontrolling interests 137 121 231 194
Income tax expense 46 47 86 59
Net income 91 74 145 135
Less: Net income attributable to noncontrolling interests 10 11 18 18
Net income attributable to Tenneco Inc. $ 81 $ 63 $ 127 $ 117
Weighted average shares of common stock outstanding —        
Basic (in shares) 60,736,737 60,542,361 60,631,080 60,424,540
Diluted (in shares) 61,661,896 61,724,124 61,583,725 61,532,550
Basic earnings per share of common stock (in dollars per share) $ 1.34 $ 1.04 $ 2.10 $ 1.94
Diluted earnings per share of common stock (in dollars per share) $ 1.32 $ 1.02 $ 2.06 $ 1.91