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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Revenues    
Net sales and operating revenues $ 2,574,000,000 $ 2,292,000,000
Costs and expenses    
Cost of sales (exclusive of depreciation and amortization shown below) 2,198,000,000 1,929,000,000
Engineering, research, and development 41,000,000 39,000,000
Selling, general, and administrative 153,000,000 141,000,000
Depreciation and amortization of other intangibles 59,000,000 52,000,000
Costs and expenses 2,451,000,000 2,161,000,000
Other expense    
Loss on sale of receivables (3,000,000) (1,000,000)
Other expense (3,000,000) (9,000,000)
Total other expense (6,000,000) (10,000,000)
Earnings before interest expense, income taxes, and noncontrolling interests 117,000,000 121,000,000
Interest expense 20,000,000 15,000,000
Earnings before income taxes and noncontrolling interests 97,000,000 106,000,000
Income tax expense 25,000,000 33,000,000
Net income 72,000,000 73,000,000
Less: Net income attributable to noncontrolling interests 14,000,000 14,000,000
Net income attributable to Tenneco Inc. $ 58,000,000 $ 59,000,000
Weighted average shares of common stock outstanding —    
Basic (in shares) 51,211,643 53,856,352
Diluted (in shares) 51,501,643 54,231,759
Basic earnings per share of common stock (in dollars per share) $ 1.13 $ 1.10
Diluted earnings per share of common stock (in dollars per share) $ 1.13 $ 1.09
Cash dividends declared (in dollars per share) $ 0.25 $ 0.25