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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 333 $ 347
Restricted cash 2 2
Receivables —    
Customer notes and accounts, net 1,482 1,272
Other 19 22
Inventories —    
Finished goods 324 284
Work in process 261 245
Raw materials 159 137
Materials and supplies 71 64
Prepayments and other 311 229
Total current assets 2,962 2,602
Other assets:    
Long-term receivables, net 9 9
Goodwill 59 57
Intangibles, net 18 19
Deferred income taxes 244 199
Other 110 103
Total other assets 440 387
Plant, property, and equipment, at cost 3,821 3,548
Less — Accumulated depreciation and amortization (2,342) (2,191)
Plant, property and equipment, net 1,479 1,357
Total Assets 4,881 4,346
Current liabilities:    
Short-term debt (including current maturities of long-term debt) 107 90
Accounts payable 1,608 1,501
Accrued taxes 53 39
Accrued interest 13 15
Accrued liabilities 331 285
Other 182 43
Total current liabilities 2,294 1,973
Long-term debt 1,490 1,294
Deferred income taxes 7 7
Postretirement benefits 251 273
Deferred credits and other liabilities 157 139
Commitments and contingencies
Total liabilities 4,199 3,686
Redeemable noncontrolling interests 25 40
Tenneco Inc. Shareholders’ equity:    
Common stock 1 1
Premium on common stock and other capital surplus 3,106 3,098
Accumulated other comprehensive loss (601) (665)
Retained earnings (accumulated deficit) (1,070) (1,100)
Total shareholders equity before treasury stock 1,436 1,334
Less — Shares held as treasury stock, at cost 821 761
Tenneco Inc. shareholders’ equity 615 573
Noncontrolling interests 42 47
Total equity 657 620
Total liabilities, redeemable noncontrolling interests and equity $ 4,881 $ 4,346