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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Revenues        
Net sales and operating revenues $ 2,317,000,000 $ 2,212,000,000 $ 4,609,000,000 $ 4,348,000,000
Costs and expenses        
Cost of sales (exclusive of depreciation and amortization shown below) 1,946,000,000 1,816,000,000 3,877,000,000 3,586,000,000
Engineering, research, and development 36,000,000 37,000,000 75,000,000 76,000,000
Selling, general, and administrative 253,000,000 134,000,000 401,000,000 281,000,000
Depreciation and amortization of other intangibles 55,000,000 52,000,000 107,000,000 106,000,000
Costs and expenses 2,290,000,000 2,039,000,000 4,460,000,000 4,049,000,000
Other expense        
Loss on sale of receivables (1,000,000) (1,000,000) (2,000,000) (2,000,000)
Other income (expense) 1,000,000 (1,000,000) 1,000,000 (2,000,000)
Total other expense 0 (2,000,000) (1,000,000) (4,000,000)
Earnings before interest expense, income taxes, and noncontrolling interests 27,000,000 171,000,000 148,000,000 295,000,000
Interest expense 20,000,000 34,000,000 35,000,000 52,000,000
Earnings before income taxes and noncontrolling interests 7,000,000 137,000,000 113,000,000 243,000,000
Income tax (benefit) expense (8,000,000) 39,000,000 25,000,000 73,000,000
Net income 15,000,000 98,000,000 88,000,000 170,000,000
Less: Net income attributable to noncontrolling interests 18,000,000 16,000,000 32,000,000 31,000,000
Net income (loss) attributable to Tenneco Inc. $ (3,000,000) $ 82,000,000 $ 56,000,000 $ 139,000,000
Weighted average shares of common stock outstanding —        
Basic (in shares) 53,505,341 56,873,353 53,662,375 56,991,568
Diluted (in shares) 53,505,341 57,331,749 53,952,918 57,391,932
Basic earnings per share of common stock (in dollars per share) $ (0.05) $ 1.44 $ 1.05 $ 2.44
Diluted earnings per share of common stock (in dollars per share) $ (0.05) $ 1.43 $ 1.05 $ 2.42
Cash dividends declared (in dollars per share) $ 0.25 $ 0.00 $ 0.50 $ 0.00