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Supplemental Guarantor Condensed Consolidating Financial Statements (Tables)
 9 Months Ended
Sep. 30, 2017
Condensed Financial Information of Parent Company Only Disclosure [Abstract]  
Statement of Comprehensive Income (Loss)
STATEMENT OF COMPREHENSIVE INCOME (LOSS)
 
Three Months Ended September 30, 2017
 
Guarantor
Subsidiaries
 
Nonguarantor
Subsidiaries
 
Tenneco Inc.
(Parent
Company)
 
Reclass &
Elims
 
Consolidated
 
(Millions)
Revenues
 
 
 
 
 
 
 
 
 
Net sales and operating revenues —
 
 
 
 
 
 
 
 
 
External
$
917

 
$
1,357

 
$
—

 
$
—

 
$
2,274

Affiliated companies
128

 
143

 
—

 
(271
)
 
—

 
1,045

 
1,500

 
—

 
(271
)
 
2,274

Costs and expenses
 
 
 
 
 
 
 
 
 
Cost of sales (exclusive of depreciation and amortization shown below)
889

 
1,295

 
—

 
(271
)
 
1,913

Engineering, research, and development
17

 
23

 
—

 
—

 
40

Selling, general, and administrative
51

 
77

 
—

 
—

 
128

Depreciation and amortization of other intangibles
23

 
35

 
—

 
—

 
58

 
980

 
1,430

 
—

 
(271
)
 
2,139

Other income (expense)
 
 
 
 
 
 
 
 
 
Loss on sale of receivables
(1
)
 
(1
)
 
—

 
—

 
(2
)
Other income (expense)
(9
)
 
10

 
—

 
—

 
1

 
(10
)
 
9

 
—

 
—

 
(1
)
Earnings (loss) before interest expense, income taxes, noncontrolling interests, and equity in net income from affiliated companies
55

 
79

 
—

 
—

 
134

Interest expense —
 
 
 
 
 
 
 
 
 
External (net of interest capitalized)
7

 
2

 
10

 
—

 
19

Affiliated companies (net of interest income)
(5
)
 
3

 
2

 
—

 
—

Earnings (loss) before income taxes, noncontrolling interests, and equity in net income from affiliated companies
53

 
74

 
(12
)
 
—

 
115

Income tax (benefit) expense
(5
)
 
21

 
—

 
—

 
16

Equity in net income (loss) from affiliated companies
31

 
—

 
95

 
(126
)
 
—

Net income (loss)
89

 
53

 
83

 
(126
)
 
99

Less: Net income attributable to noncontrolling interests
—

 
16

 
—

 
—

 
16

Net income (loss) attributable to Tenneco Inc.
$
89

 
$
37

 
$
83

 
$
(126
)
 
$
83

Comprehensive income (loss) attributable to Tenneco Inc.
$
89

 
$
31

 
$
114

 
$
(120
)
 
$
114


STATEMENT OF COMPREHENSIVE INCOME (LOSS)
 
Three Months Ended September 30, 2016
 
Guarantor
Subsidiaries
 
Nonguarantor
Subsidiaries
 
Tenneco Inc.
(Parent
Company)
 
Reclass &
Elims
 
Consolidated
 
(Millions)
Revenues
 
 
 
 
 
 
 
 
 
Net sales and operating revenues —
 
 
 
 
 
 
 
 
 
External
$
928

 
$
1,168

 
$
—

 
$
—

 
$
2,096

Affiliated companies
134

 
183

 
—

 
(317
)
 
—

 
1,062

 
1,351

 
—

 
(317
)
 
2,096

Costs and expenses
 
 
 
 
 
 
 
 
 
Cost of sales (exclusive of depreciation and amortization shown below)
904

 
1,156

 
—

 
(317
)
 
1,743

Engineering, research, and development
20

 
21

 
—

 
—

 
41

Selling, general, and administrative
48

 
61

 
—

 
—

 
109

Depreciation and amortization of other intangibles
23

 
30

 
—

 
—

 
53

 
995

 
1,268

 
—

 
(317
)
 
1,946

Other income (expense)
 
 
 
 
 
 
 
 
 
Loss on sale of receivables
(1
)
 
(1
)
 
—

 
—

 
(2
)
Other income (expense)
(7
)
 
9

 
—

 
—

 
2

 
(8
)
 
8

 
—

 
—

 
—

Earnings (loss) before interest expense, income taxes, noncontrolling interests, and equity in net income from affiliated companies
59

 
91

 
—

 
—

 
150

Interest expense —
 
 
 
 
 
 
 
 
 
External (net of interest capitalized)
(1
)
 
1

 
24

 
—

 
24

Affiliated companies (net of interest income)
(3
)
 
2

 
1

 
—

 
—

Earnings (loss) before income taxes, noncontrolling interests, and equity in net income from affiliated companies
63

 
88

 
(25
)
 
—

 
126

Income tax expense
(108
)
 
38

 
—

 
—

 
(70
)
Equity in net income (loss) from affiliated companies
33

 
—

 
204

 
(237
)
 
—

Net income (loss)
204

 
50

 
179

 
(237
)
 
196

Less: Net income attributable to noncontrolling interests
—

 
17

 
—

 
—

 
17

Net income (loss) attributable to Tenneco Inc.
$
204

 
$
33

 
$
179

 
$
(237
)
 
$
179

Comprehensive income (loss) attributable to Tenneco Inc.
$
204

 
$
33

 
$
184

 
$
(237
)
 
$
184



STATEMENT OF COMPREHENSIVE INCOME (LOSS)
 
Nine Months Ended September 30, 2017
 
Guarantor
Subsidiaries
 
Nonguarantor
Subsidiaries
 
Tenneco Inc.
(Parent
Company)
 
Reclass &
Elims
 
Consolidated
 
(Millions)
Revenues
 
 
 
 
 
 
 
 
 
Net sales and operating revenues —
 
 
 
 
 
 
 
 
 
External
$
2,958

 
$
3,925

 
$
—

 
$
—

 
$
6,883

Affiliated companies
413

 
497

 
—

 
(910
)
 
—

 
3,371

 
4,422

 
—

 
(910
)
 
6,883

Costs and expenses
 
 
 
 
 
 
 
 
 
Cost of sales (exclusive of depreciation and amortization shown below)
2,871

 
3,829

 
—

 
(910
)
 
5,790

Engineering, research, and development
56

 
59

 
—

 
—

 
115

Selling, general, and administrative
310

 
219

 
—

 
—

 
529

Depreciation and amortization of other intangibles
65

 
100

 
—

 
—

 
165

 
3,302

 
4,207

 
—

 
(910
)
 
6,599

Other income (expense)
 
 
 
 
 
 
 
 
 
Loss on sale of receivables
(2
)
 
(2
)
 
—

 
—

 
(4
)
Other income (expense)
(9
)
 
26

 
—

 
(15
)
 
2

 
(11
)
 
24

 
—

 
(15
)
 
(2
)
Earnings (loss) before interest expense, income taxes, noncontrolling interests, and equity in net income from affiliated companies
58

 
239

 
—

 
(15
)
 
282

Interest expense —
 
 
 
 
 
 
 
 
 
External (net of interest capitalized)
10

 
4

 
40

 
—

 
54

Affiliated companies (net of interest income)
(12
)
 
6

 
6

 
—

 
—

Earnings (loss) before income taxes, noncontrolling interests, and equity in net income from affiliated companies
60

 
229

 
(46
)
 
(15
)
 
228

Income tax expense
6

 
35

 
—

 
—

 
41

Equity in net income (loss) from affiliated companies
119

 
—

 
185

 
(304
)
 
—

Net income (loss)
173

 
194

 
139

 
(319
)
 
187

Less: Net income attributable to noncontrolling interests
—

 
48

 
—

 
—

 
48

Net income attributable to Tenneco Inc.
$
173

 
$
146

 
$
139

 
$
(319
)
 
$
139

Comprehensive income (loss) attributable to Tenneco Inc.
$
173

 
$
140

 
$
234

 
$
(313
)
 
$
234


STATEMENT OF COMPREHENSIVE INCOME (LOSS)
 
Nine Months Ended September 30, 2016
 
Guarantor
Subsidiaries
 
Nonguarantor
Subsidiaries
 
Tenneco Inc.
(Parent
Company)
 
Reclass &
Elims
 
Consolidated
 
(Millions)
Revenues
 
 
 
 
 
 
 
 
 
Net sales and operating revenues —
 
 
 
 
 
 
 
 
 
External
$
2,929

 
$
3,515

 
$
—

 
$
—

 
$
6,444

Affiliated companies
389

 
569

 
—

 
(958
)
 
—

 
3,318

 
4,084

 
—

 
(958
)
 
6,444

Costs and expenses
 
 
 
 
 
 
 
 
 
Cost of sales (exclusive of depreciation and amortization shown below)
2,800

 
3,487

 
—

 
(958
)
 
5,329

Engineering, research, and development
59

 
58

 
—

 
—

 
117

Selling, general, and administrative
174

 
215

 
1

 
—

 
390

Depreciation and amortization of other intangibles
65

 
94

 
—

 
—

 
159

 
3,098

 
3,854

 
1

 
(958
)
 
5,995

Other income (expense)
 
 
 
 
 
 
 
 
 
Loss on sale of receivables
(2
)
 
(2
)
 
—

 
—

 
(4
)
Other income (expense)
(6
)
 
21

 
—

 
(15
)
 
—

 
(8
)
 
19

 
—

 
(15
)
 
(4
)
Earnings (loss) before interest expense, income taxes, noncontrolling interests, and equity in net income from affiliated companies
212

 
249

 
(1
)
 
(15
)
 
445

Interest expense —
 
 
 
 
 
 
 
 
 
External (net of interest capitalized)
(1
)
 
3

 
74

 
—

 
76

Affiliated companies (net of interest income)
(9
)
 
6

 
3

 
—

 
—

Earnings (loss) before income taxes, noncontrolling interests, and equity in net income from affiliated companies
222

 
240

 
(78
)
 
(15
)
 
369

Income tax expense
(71
)
 
74

 
—

 
—

 
3

Equity in net income (loss) from affiliated companies
118

 
—

 
396

 
(514
)
 
—

Net income (loss)
411

 
166

 
318

 
(529
)
 
366

Less: Net income attributable to noncontrolling interests
—

 
48

 
—

 
—

 
48

Net income (loss) attributable to Tenneco Inc.
$
411

 
$
118

 
$
318

 
$
(529
)
 
$
318

Comprehensive income (loss) attributable to Tenneco Inc.
$
411

 
$
118

 
$
333

 
$
(529
)
 
$
333
Balance Sheet
BALANCE SHEET
 
September 30, 2017
 
Guarantor
Subsidiaries
 
Nonguarantor
Subsidiaries
 
Tenneco Inc.
(Parent
Company)
 
Reclass &
Elims
 
Consolidated
 
(Millions)
ASSETS
 
 
 
 
 
 
 
 
 
Current assets:
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
$
4

 
$
273

 
$
—

 
$
—

 
$
277

Restricted cash
—

 
2

 
—

 
—

 
2

Receivables, net
619

 
1,578

 
—

 
(722
)
 
1,475

Inventories
394

 
488

 
—

 
—

 
882

Prepayments and other
104

 
221

 
—

 
—

 
325

Total current assets
1,121

 
2,562

 
—

 
(722
)
 
2,961

Other assets:
 
 
 
 
 
 
 
 
 
Investment in affiliated companies
1,256

 
—

 
1,517

 
(2,773
)
 
—

Notes and advances receivable from affiliates
968

 
18,572

 
4,010

 
(23,550
)
 
—

Long-term receivables, net
8

 
1

 
—

 
—

 
9

Goodwill
22

 
37

 
—

 
—

 
59

Intangibles, net
6

 
11

 
—

 
—

 
17

Deferred income taxes
101

 
36

 
88

 
—

 
225

Other
62

 
61

 
—

 
—

 
123

 
2,423

 
18,718

 
5,615

 
(26,323
)
 
433

Plant, property, and equipment, at cost
1,463

 
2,504

 
—

 
—

 
3,967

Less — Accumulated depreciation and amortization
(937
)
 
(1,489
)
 
—

 
—

 
(2,426
)
 
526

 
1,015

 
—

 
—

 
1,541

Total assets
$
4,070

 
$
22,295

 
$
5,615

 
$
(27,045
)
 
$
4,935

LIABILITIES AND SHAREHOLDERS’ EQUITY
 
 
 
 
 
 
 
 
 
Current liabilities:
 
 
 
 
 
 
 
 
 
Short-term debt (including current maturities of long-term debt)
 
 
 
 
 
 
 
 
 
Short-term debt — non-affiliated
$
—

 
$
93

 
$
15

 
$
—

 
$
108

Short-term debt — affiliated
398

 
151

 
—

 
(549
)
 
—

Accounts payable
594

 
1,098

 
—

 
(91
)
 
1,601

Accrued taxes
45

 
1

 
—

 
—

 
46

Other
224

 
326

 
9

 
(82
)
 
477

Total current liabilities
1,261

 
1,669

 
24

 
(722
)
 
2,232

Long-term debt — non-affiliated
846

 
13

 
714

 
—

 
1,573

Long-term debt — affiliated
706

 
18,614

 
4,230

 
(23,550
)
 
—

Deferred income taxes
—

 
6

 
—

 
—

 
6

Postretirement benefits and other liabilities
275

 
131

 
—

 
—

 
406

Commitments and contingencies

 

 

 

 


Total liabilities
3,088

 
20,433

 
4,968

 
(24,272
)
 
4,217

Redeemable noncontrolling interests
—

 
32

 
—

 
—

 
32

Tenneco Inc. shareholders’ equity
982

 
1,791

 
647

 
(2,773
)
 
647

Noncontrolling interests
—

 
39

 
—

 
—

 
39

Total equity
982

 
1,830

 
647

 
(2,773
)
 
686

Total liabilities, redeemable noncontrolling interests and equity
$
4,070

 
$
22,295

 
$
5,615

 
$
(27,045
)
 
$
4,935

BALANCE SHEET
 
December 31, 2016
 
Guarantor
Subsidiaries
 
Nonguarantor
Subsidiaries
 
Tenneco Inc.
(Parent
Company)
 
Reclass &
Elims
 
Consolidated
 
(Millions)
ASSETS
 
 
 
 
 
 
 
 
 
Current assets:
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
$
9

 
$
338

 
$
—

 
$
—

 
$
347

Restricted cash
—

 
2

 
—

 
—

 
2

Receivables, net
386

 
1,412

 
—

 
(504
)
 
1,294

Inventories
361

 
369

 
—

 
—

 
730

Prepayments and other
62

 
167

 
—

 
—

 
229

Total current assets
818

 
2,288

 
—

 
(504
)
 
2,602

Other assets:
 
 
 
 
 
 
 
 
 
Investment in affiliated companies
1,213

 
—

 
1,207

 
(2,420
)
 
—

Notes and advances receivable from affiliates
939

 
16,529

 
4,781

 
(22,249
)
 
—

Long-term receivables, net
9

 
—

 
—

 
—

 
9

Goodwill
22

 
35

 
—

 
—

 
57

Intangibles, net
7

 
12

 
—

 
—

 
19

Deferred income taxes
47

 
23

 
129

 
—

 
199

Other
46

 
49

 
8

 
—

 
103

 
2,283

 
16,648

 
6,125

 
(24,669
)
 
387

Plant, property, and equipment, at cost
1,371

 
2,177

 
—

 
—

 
3,548

Less — Accumulated depreciation and amortization
(895
)
 
(1,296
)
 
—

 
—

 
(2,191
)
 
476

 
881

 
—

 
—

 
1,357

Total assets
$
3,577

 
$
19,817

 
$
6,125

 
$
(25,173
)
 
$
4,346

LIABILITIES AND SHAREHOLDERS’ EQUITY
 
 
 
 
 
 
 
 
 
Current liabilities:
 
 
 
 
 
 
 
 
 
Short-term debt (including current maturities of long-term debt)
 
 
 
 
 
 
 
 
 
Short-term debt — non-affiliated
$
—

 
$
75

 
$
15

 
$
—

 
$
90

Short-term debt — affiliated
167

 
187

 
—

 
(354
)
 
—

Accounts payable
562

 
1,027

 
—

 
(88
)
 
1,501

Accrued taxes
4

 
35

 
—

 
—

 
39

Other
147

 
243

 
15

 
(62
)
 
343

Total current liabilities
880

 
1,567

 
30

 
(504
)
 
1,973

Long-term debt — non-affiliated
—

 
12

 
1,282

 
—

 
1,294

Long-term debt — affiliated
1,543

 
16,466

 
4,240

 
(22,249
)
 
—

Deferred income taxes
—

 
7

 
—

 
—

 
7

Postretirement benefits and other liabilities
297

 
115

 
—

 
—

 
412

Commitments and contingencies

 

 

 

 

Total liabilities
2,720

 
18,167

 
5,552

 
(22,753
)
 
3,686

Redeemable noncontrolling interests
—

 
40

 
—

 
—

 
40

Tenneco Inc. shareholders’ equity
857

 
1,563

 
573

 
(2,420
)
 
573

Noncontrolling interests
—

 
47

 
—

 
—

 
47

Total equity
857

 
1,610

 
573

 
(2,420
)
 
620

Total liabilities, redeemable noncontrolling interests and equity
$
3,577

 
$
19,817

 
$
6,125

 
$
(25,173
)
 
$
4,346
Statement of Cash Flows
STATEMENT OF CASH FLOWS
 
Three Months Ended September 30, 2017
 
Guarantor
Subsidiaries
 
Nonguarantor
Subsidiaries
 
Tenneco Inc.
(Parent
Company)
 
Reclass &
Elims
 
Consolidated
 
(Millions)
Operating Activities
 
 
 
 
 
 
 
 
 
Net cash provided (used) by operating activities
$
39

 
$
26

 
$
(8
)
 
$
(4
)
 
$
53

Investing Activities
 
 
 
 
 
 
 
 
 
Cash payments for plant, property, and equipment
(29
)
 
(61
)
 
—

 
—

 
(90
)
Cash payments for software related intangible assets
(4
)
 
(1
)
 
—

 
—

 
(5
)
Other
(1
)
 
—

 
—

 
—

 
(1
)
Net cash used by investing activities
(34
)
 
(62
)
 
—

 
—

 
(96
)
Financing Activities
 
 
 
 
 
 
 
 
 
Issuance of common shares
—

 
—

 
1

 
—

 
1

Cash dividends
—

 
—

 
(14
)
 
—

 
(14
)
Retirement of long-term debt - net
—

 
(1
)
 
—

 
—

 
(1
)
Purchase of common stock under the share repurchase program
—

 
—

 
(71
)
 
—

 
(71
)
Net increase in bank overdrafts
—

 
(3
)
 
—

 
—

 
(3
)
Net increase (decrease) in revolver borrowings and short-term debt excluding current maturities of long-term debt
82

 
2

 
—

 
—

 
84

Intercompany dividend payments and net increase (decrease) in intercompany obligations
(87
)
 
(9
)
 
92

 
4

 
—

Distributions to noncontrolling interest partners
—

 
(12
)
 
—

 
—

 
(12
)
Net cash provided (used) by financing activities
(5
)
 
(23
)
 
8

 
4

 
(16
)
Effect of foreign exchange rate changes on cash and cash equivalents
—

 
3

 
—

 
—

 
3

Decrease in cash and cash equivalents
—

 
(56
)
 
—

 
—

 
(56
)
Cash and cash equivalents, July 1
4

 
329

 
—

 
—

 
333

Cash and cash equivalents, September 30 (Note)
$
4

 
$
273

 
$
—

 
$
—

 
$
277

 
Note:
Cash and cash equivalents include highly liquid investments with a maturity of three months or less at the date of purchase.
STATEMENT OF CASH FLOWS
 
Three Months Ended September 30, 2016
 
Guarantor
Subsidiaries
 
Nonguarantor
Subsidiaries
 
Tenneco Inc.
(Parent
Company)
 
Reclass &
Elims
 
Consolidated
 
(Millions)
Operating Activities
 
 
 
 
 
 
 
 
 
Net cash provided (used) by operating activities
$
170

 
$
(17
)
 
$
(19
)
 
$
(4
)
 
$
130

Investing Activities
 
 
 
 
 
 
 
 
 
Proceeds from sale of assets
1

 
—

 
—

 
—

 
1

Cash payments for plant, property, and equipment
(29
)
 
(45
)
 
—

 
—

 
(74
)
Cash payments for software related intangible assets
(6
)
 
—

 
—

 
—

 
(6
)
Changes in restricted cash
—

 
1

 
—

 
—

 
1

Net cash used by investing activities
(34
)
 
(44
)
 
—

 
—

 
(78
)
Financing Activities
 
 
 
 
 
 
 
 
 
Issuance of common shares
—

 
—

 
5

 
—

 
5

Retirement of long-term debt - net
—

 
—

 
(179
)
 
—

 
(179
)
Issuance of long-term debt - net
—

 
2

 
—

 
—

 
2

Purchase of common stock under the share repurchase program
—

 
—

 
(89
)
 
—

 
(89
)
Net decrease in bank overdrafts
—

 
(1
)
 
—

 
—

 
(1
)
Net increase (decrease) in revolver borrowings and short-term debt excluding current maturities of long-term debt and short-term borrowings secured by accounts receivables
—

 
46

 
152

 
—

 
198

Net decrease in short-term borrowings secured by accounts receivable
—

 
—

 
50

 
—

 
50

Intercompany dividend payments and net increase (decrease) in intercompany obligations
(137
)
 
54

 
79

 
4

 
—

Distributions to noncontrolling interest partners
—

 
(28
)
 
—

 
—

 
(28
)
Net cash provided (used) by financing activities
(137
)
 
73

 
18

 
4

 
(42
)
Effect of foreign exchange rate changes on cash and cash equivalents
(1
)
 
3

 
1

 
—

 
3

Increase (decrease) in cash and cash equivalents
(2
)
 
15

 
—

 
—

 
13

Cash and cash equivalents, July 1
2

 
309

 
—

 
—

 
311

Cash and cash equivalents, September 30 (Note)
$
—

 
$
324

 
$
—

 
$
—

 
$
324

 
Note:
Cash and cash equivalents include highly liquid investments with a maturity of three months or less at the date of purchase.

STATEMENT OF CASH FLOWS
 
Nine Months Ended September 30, 2017
 
Guarantor
Subsidiaries
 
Nonguarantor
Subsidiaries
 
Tenneco Inc.
(Parent
Company)
 
Reclass
&
Elims
 
Consolidated
 
(Millions)
Operating Activities
 
 
 
 
 
 
 
 
 
Net cash provided (used) by operating activities
$
102

 
$
101

 
$
(29
)
 
$
(11
)
 
$
163

Investing Activities
 
 
 
 
 
 
 
 
 
Proceeds from sale of equity interest
—

 
9

 
—

 
—

 
9

Proceeds from sale of assets
3

 
3

 
—

 
—

 
6

Cash payments for plant, property, and equipment
(110
)
 
(173
)
 
—

 
—

 
(283
)
Cash payments for software related intangible assets
(10
)
 
(7
)
 
—

 
—

 
(17
)
Other
(5
)
 
—

 
—

 
—

 
(5
)
Net cash used by investing activities
(122
)
 
(168
)
 
—

 
—

 
(290
)
Financing Activities
 
 
 
 
 
 
 
 
 
Repurchase of common shares
—

 
—

 
(2
)
 
—

 
(2
)
Cash dividends
—

 
—

 
(40
)
 
—

 
(40
)
Retirement of long-term debt - net
—

 
(3
)
 
(6
)
 
—

 
(9
)
Issuance of long-term debt - net
400

 
—

 
(264
)
 
—

 
136

Debt issuance cost of long-term debt
(8
)
 
—

 
—

 
—

 
(8
)
Purchase of common stock under the share repurchase program
—

 
—

 
(131
)
 
—

 
(131
)
Net decrease in bank overdrafts
—

 
(12
)
 
—

 
—

 
(12
)
Net increase (decrease) in revolver borrowings and short-term debt excluding current maturities of long-term debt and short-term borrowings secured by accounts receivables
451

 
16

 
(323
)
 
—

 
144

Net increase in short-term borrowings secured by accounts receivables
—

 
—

 
20

 
—

 
20

Intercompany dividend payments and net increase (decrease) in intercompany obligations
(828
)
 
42

 
775

 
11

 
—

Distributions to noncontrolling interest partners
—

 
(45
)
 
—

 
—

 
(45
)
Net cash provided by financing activities
15

 
(2
)
 
29

 
11

 
53

Effect of foreign exchange rate changes on cash and cash equivalents
—

 
4

 
—

 
—

 
4

Decrease in cash and cash equivalents
(5
)
 
(65
)
 
—

 
—

 
(70
)
Cash and cash equivalents, January 1
9

 
338

 
—

 
—

 
347

Cash and cash equivalents, June 30 (Note)
$
4

 
$
273

 
$
—

 
$
—

 
$
277


Note:
Cash and cash equivalents include highly liquid investments with a maturity of three months or less at the date of purchase.
STATEMENT OF CASH FLOWS
 
Nine Months Ended September 30, 2016
 
Guarantor
Subsidiaries
 
Nonguarantor
Subsidiaries
 
Tenneco Inc.
(Parent
Company)
 
Reclass
&
Elims
 
Consolidated
 
(Millions)
Operating Activities
 
 
 
 
 
 
 
 
 
Net cash provided (used) by operating activities
$
113

 
$
187

 
$
(52
)
 
$
(15
)
 
$
233

Investing Activities
 
 
 
 
 
 
 
 
 
Proceeds from sale of assets
1

 
3

 
—

 
—

 
4

Cash payments for plant, property, and equipment
(72
)
 
(141
)
 
—

 
—

 
(213
)
Cash payments for software related intangible assets
(10
)
 
(5
)
 
—

 
—

 
(15
)
Changes in restricted cash
—

 
(1
)
 
—

 
—

 
(1
)
Net cash used by investing activities
(81
)
 
(144
)
 
—

 
—

 
(225
)
Financing Activities
 
 
 
 
 
 
 
 
 
Issuance of common shares
—

 
—

 
7

 
—

 
7

Retirement of long-term debt - net
—

 
(16
)
 
(511
)
 
—

 
(527
)
Issuance of long-term debt - net
—

 
8

 
500

 
—

 
508

Debt issuance cost of long-term debt
—

 
—

 
(8
)
 
—

 
(8
)
Purchase of common stock under the share repurchase program
—

 
—

 
(146
)
 
—

 
(146
)
Net decrease in bank overdrafts
—

 
4

 
—

 
—

 
4

Net increase in revolver borrowings and short-term debt excluding current maturities of long-term debt and short-term borrowings secured by accounts receivables
—

 
36

 
187

 
—

 
223

Net increase in short-term borrowings secured by accounts receivables
—

 
—

 
20

 
—

 
20

Intercompany dividend payments and net increase (decrease) in intercompany obligations
(34
)
 
16

 
3

 
15

 
—

Distributions to noncontrolling interest partners
—

 
(55
)
 
—

 
—

 
(55
)
Net cash provided (used) by financing activities
(34
)
 
(7
)
 
52

 
15

 
26

Effect of foreign exchange rate changes on cash and cash equivalents
—

 
3

 
—

 
—

 
3

Increase (decrease) in cash and cash equivalents
(2
)
 
39

 
—

 
—

 
37

Cash and cash equivalents, January 1
2

 
285

 
—

 
—

 
287

Cash and cash equivalents, June 30 (Note)
$
—

 
$
324

 
$
—

 
$
—

 
$
324


Note:
Cash and cash equivalents include highly liquid investments with a maturity of three months or less at the date of purchase.