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Segment Information
3 Months Ended
Mar. 31, 2018
Segment Reporting [Abstract]  
Segment Information
Segment Information
In connection with the reportable segment changes announced on April 27, 2018, effective for the first quarter of 2018, the Company’s reportable segments for financial reporting purposes consist of the following three segments: Clean Air, Ride Performance and Aftermarket. The new reportable segments, which are also the Company's operating segments, align with how the Chief Operating Decision Maker allocates resources and assesses performance against the Company’s key growth strategies. Costs related to other business activities, primarily corporate headquarter functions, are disclosed separately from the three operating segments as "Other." We evaluate segment performance based primarily on earnings before interest expense, income taxes, and noncontrolling interests. Products are transferred between segments and geographic areas on a basis intended to reflect as nearly as possible the “market value” of the products. Prior period segment information has been retrospectively revised to reflect our new reporting segments. These changes also resulted in changes to the Company's reporting units. The Company allocated goodwill to its new reporting units using a relative fair value approach. In addition, the Company completed an assessment of any potential goodwill impairment for all reporting units immediately before and immediately after the reallocation and determined that no impairment existed.
The following table summarizes certain Tenneco Inc. segment information:
 
Segments
 
 
 
 
 
 
 
Clean Air
 
Ride Performance
 
Aftermarket
 
Total
 
Other
 
Reclass & Elims
 
Total
 
 
At March 31, 2018 and for the Three Months Ended March 31, 2018
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenues from external customers
$
1,756

 
$
513

 
$
305

 
$
2,574

 
$

 
$

 
$
2,574

Intersegment revenues
15

 
15

 
10

 
40

 

 
(40
)
 

EBIT, Earnings (loss) before interest expense, income taxes, and noncontrolling interests
119

 
8

 
35

 
162

 
(45
)
 

 
117

Total assets
3,095

 
1,152

 
861

 
5,108

 

 
58

 
5,166

At March 31, 2017 and for the Three Months Ended March 31, 2017
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenues from external customers
1,555

 
428

 
309

 
2,292

 

 

 
2,292

Intersegment revenues
25

 
15

 
11

 
51

 

 
(51
)
 

EBIT, Earnings (loss) before interest expense, income taxes, and noncontrolling interests
94

 
27

 
42

 
163

 
(42
)
 

 
121

Total assets
2,809

 
1,013

 
785

 
4,607

 

 
35

 
4,642