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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Revenues        
Net sales and operating revenues $ 2,537,000,000 $ 2,317,000,000 $ 5,111,000,000 $ 4,609,000,000
Costs and expenses        
Cost of sales (exclusive of depreciation and amortization shown below) 2,159,000,000 1,949,000,000 4,357,000,000 3,878,000,000
Engineering, research, and development 42,000,000 36,000,000 83,000,000 75,000,000
Selling, general, and administrative 156,000,000 252,000,000 309,000,000 393,000,000
Depreciation and amortization of other intangibles 59,000,000 55,000,000 118,000,000 107,000,000
Costs and expenses 2,416,000,000 2,292,000,000 4,867,000,000 4,453,000,000
Other (expense) income        
Loss on sale of receivables (2,000,000) (1,000,000) (5,000,000) (2,000,000)
Other (expense) income (6,000,000) 3,000,000 (9,000,000) (6,000,000)
Total other (expense) income (8,000,000) 2,000,000 (14,000,000) (8,000,000)
Earnings before interest expense, income taxes, and noncontrolling interests 113,000,000 27,000,000 230,000,000 148,000,000
Interest expense 20,000,000 20,000,000 40,000,000 35,000,000
Earnings before income taxes and noncontrolling interests 93,000,000 7,000,000 190,000,000 113,000,000
Income tax expense (benefit) 27,000,000 (8,000,000) 52,000,000 25,000,000
Net income 66,000,000 15,000,000 138,000,000 88,000,000
Less: Net income attributable to noncontrolling interests 16,000,000 18,000,000 30,000,000 32,000,000
Net income (loss) attributable to Tenneco Inc. $ 50,000,000 $ (3,000,000) $ 108,000,000 $ 56,000,000
Weighted average shares of common stock outstanding —        
Basic (in shares) 51,258,668 53,505,341 51,232,639 53,662,375
Diluted (in shares) 51,607,224 53,505,341 51,546,015 53,952,918
Basic earnings (loss) per share of common stock (in dollars per share) $ 0.98 $ (0.05) $ 2.12 $ 1.05
Diluted earnings (loss) per share of common stock (in dollars per share) $ 0.98 $ (0.05) $ 2.10 $ 1.05
Cash dividends declared (in dollars per share) $ 0.25 $ 0.25 $ 0.50 $ 0.50