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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenues        
Net sales and operating revenues $ 2,372,000,000 $ 2,274,000,000 $ 7,483,000,000 $ 6,883,000,000
Costs and expenses        
Cost of sales (exclusive of depreciation and amortization shown below) 2,014,000,000 1,911,000,000 6,371,000,000 5,789,000,000
Engineering, research, and development 39,000,000 40,000,000 122,000,000 115,000,000
Selling, general, and administrative 141,000,000 127,000,000 450,000,000 520,000,000
Depreciation and amortization of other intangibles 65,000,000 58,000,000 183,000,000 165,000,000
Costs and expenses 2,259,000,000 2,136,000,000 7,126,000,000 6,589,000,000
Other expense        
Loss on sale of receivables 3,000,000 2,000,000 8,000,000 4,000,000
Other expense, net 6,000,000 2,000,000 15,000,000 8,000,000
Total other expense 9,000,000 4,000,000 23,000,000 12,000,000
Earnings before interest expense, income taxes, and noncontrolling interests 104,000,000 134,000,000 334,000,000 282,000,000
Interest expense 21,000,000 19,000,000 61,000,000 54,000,000
Earnings before income taxes and noncontrolling interests 83,000,000 115,000,000 273,000,000 228,000,000
Income tax expense 20,000,000 16,000,000 72,000,000 41,000,000
Net income 63,000,000 99,000,000 201,000,000 187,000,000
Less: Net income attributable to noncontrolling interests 9,000,000 16,000,000 39,000,000 48,000,000
Net income attributable to Tenneco Inc. $ 54,000,000 $ 83,000,000 $ 162,000,000 $ 139,000,000
Weighted average shares of common stock outstanding —        
Basic (in shares) 51,272,618 52,508,078 51,247,664 53,265,149
Diluted (in shares) 51,401,829 52,687,656 51,395,927 53,501,864
Basic earnings per share of common stock (in dollars per share) $ 1.05 $ 1.57 $ 3.17 $ 2.61
Diluted earnings per share of common stock (in dollars per share) $ 1.05 $ 1.57 $ 3.16 $ 2.60
Cash dividends declared (in dollars per share) $ 0.25 $ 0.25 $ 0.75 $ 0.75