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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Revenues    
Net sales and operating revenues $ 2,136 $ 2,023
Costs and expenses    
Cost of sales (exclusive of depreciation and amortization shown below) 1,770 1,686
Engineering, research, and development 39 41
Selling, general, and administrative 147 125
Depreciation and amortization of other intangibles 54 50
Costs and expenses 2,010 1,902
Other expense    
Loss on sale of receivables (1) (1)
Other (1) 0
Total other income (expense) (2) (1)
Earnings before interest expense, income taxes, and noncontrolling interests 124 120
Interest expense 18 16
Earnings before income taxes and noncontrolling interests 106 104
Income tax expense 34 41
Net income 72 63
Less: Net income attributable to noncontrolling interests 15 14
Net income attributable to Tenneco Inc. $ 57 $ 49
Weighted average shares of common stock outstanding —    
Basic (in shares) 57,115,496 61,044,908
Diluted (in shares) 57,445,941 61,593,087
Basic earnings per share of common stock (in dollars per share) $ 1.00 $ 0.81
Diluted earnings per share of common stock (in dollars per share) $ 0.99 $ 0.80