Earnings Per Share

12 Months Ended

Dec. 31, 2014

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Earnings Per Share

Earnings Per Share

Earnings per share of common stock outstanding were computed as follows:

	Year Ended December 31,
	2014		2013		2012
	(Millions Except Share and Per Share Amounts)
Basic earnings per share —
Net income attributable to Tenneco Inc.	$	226	$	183	$	275
Average shares of common stock outstanding	60,734,022		60,474,492		59,985,677
Earnings per average share of common stock	$	3.72	$	3.03	$	4.58
Diluted earnings per share —
Net income attributable to Tenneco Inc.	$	226	$	183	$	275
Average shares of common stock outstanding	60,734,022		60,474,492		59,985,677
Effect of dilutive securities:
Restricted stock	130,732		205,020		140,609
Stock options	917,754		914,550		957,224
Average shares of common stock outstanding including dilutive securities	61,782,508		61,594,062		61,083,510
Earnings per average share of common stock	$	3.66	$	2.97	$	4.50

Options to purchase 1,357, 205,104 and 521,249 shares of common stock were outstanding as of December 31, 2014, 2013 and 2012, respectively, but not included in the computation of diluted earnings per share, because the options were anti-dilutive.