Earnings Per Share

3 Months Ended

Mar. 31, 2016

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



	Three Months Ended March 31, 2016		Three Months Ended March 31, 2015
	(Millions Except Share and Per Share Amounts)
Basic earnings per share —
Net income attributable to Tenneco Inc.	$	57	$	49
Weighted Average shares of common stock outstanding	57,115,496		61,044,908
Earnings per share of common stock	$	1.00	$	0.81
Diluted earnings per share —
Net income attributable to Tenneco Inc.	$	57	$	49
Weighted Average shares of common stock outstanding	57,115,496		61,044,908
Effect of dilutive securities:
Restricted stock	48,603		83,291
Stock options	281,842		464,888
Weighted Average shares of common stock outstanding including dilutive securities	57,445,941		61,593,087
Earnings per share of common stock	$	0.99	$	0.80

Options to purchase 335,826 and 183,315 shares of common stock were outstanding as of March 31, 2016 and 2015, respectively, but not included in the computation of diluted earnings per share respectively, because the options were anti-dilutive.