XML 43 R2.htm IDEA: XBRL DOCUMENT v3.19.3
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) (Unaudited) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenues            
Net sales and operating revenues $ 4,319     $ 2,371 $ 13,307 $ 7,485
Costs and expenses            
Cost of sales 3,653     2,002 11,310 6,329
Selling, general, and administrative 249     138 853 443
Depreciation and amortization 165     60 503 180
Engineering, research, and development 78     39 248 118
Restructuring charges, asset impairments, and other 43     16 128 57
Goodwill impairment charge 9 $ 0 $ 60 0 69 0
Costs and expenses 4,197     2,255 13,111 7,127
Other expense (income)            
Non-service pension and other postretirement benefit costs (credits) 2     4 8 10
Equity in (earnings) losses of nonconsolidated affiliates, net of tax (1)     0 (34) 0
Other expense (income), net (27)     0 (43) 3
Total other expense (income) (26)     4 (69) 13
Earnings (loss) before interest expense, income taxes, and noncontrolling interests 148     112 265 345
Interest expense 79     24 242 69
Earnings (loss) before income taxes and noncontrolling interests 69     88 23 276
Income tax expense (benefit) (9)     22 5 73
Net income (loss) 78     66 18 203
Less: Net income (loss) attributable to noncontrolling interests 8     9 39 39
Net income (loss) attributable to Tenneco Inc. $ 70     $ 57 $ (21) $ 164
Basic earnings (loss) per share:            
Earnings (loss) per share (in dollars per share) $ 0.87     $ 1.11 $ (0.25) $ 3.20
Weighted average shares outstanding (in shares) 80,916,676     51,272,618 80,903,967 51,247,664
Diluted earnings (loss) per share:            
Earnings (loss) per share (in dollars per share) $ 0.87     $ 1.11 $ (0.25) $ 3.20
Weighted average shares outstanding (in shares) 80,916,676     51,401,829 80,903,967 51,395,927