Earnings Per Share

6 Months Ended

Jun. 30, 2016

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



	Three Months Ended June 30, 2016		Three Months Ended June 30, 2015		Six Months Ended June 30, 2016		Six Months Ended June 30, 2015
	(Millions Except Share and Per Share Amounts)
Basic earnings per share —
Net income attributable to Tenneco Inc.	$	86	$	78	$	143	$	127
Weighted Average shares of common stock outstanding	56,873,353		60,829,125		56,991,568		60,929,839
Earnings per share of common stock	$	1.51	$	1.27	$	2.50	$	2.08
Diluted earnings per share —
Net income attributable to Tenneco Inc.	$	86	$	78	$	143	$	127
Weighted Average shares of common stock outstanding	56,873,353		60,829,125		56,991,568		60,929,839
Effect of dilutive securities:
Restricted stock	134,084		108,266		93,947		97,009
Stock options	324,312		426,311		306,417		462,067
Weighted Average shares of common stock outstanding including dilutive securities	57,331,749		61,363,702		57,391,932		61,488,915
Earnings per share of common stock	$	1.49	$	1.26	$	2.49	$	2.06

Options to purchase 175,382 and 176,092 shares of common stock were outstanding as of June 30, 2016 and 2015, respectively, but not included in the computation of diluted earnings per share respectively, because the options were anti-dilutive.