XML 98 R2.htm IDEA: XBRL DOCUMENT v3.20.1
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Revenues    
Net sales and operating revenues $ 3,836,000,000 $ 4,484,000,000
Costs and expenses    
Cost of sales (exclusive of depreciation and amortization) 3,339,000,000 3,870,000,000
Selling, general, and administrative 249,000,000 318,000,000
Depreciation and amortization 171,000,000 169,000,000
Engineering, research, and development 77,000,000 92,000,000
Restructuring charges, net and asset impairments 484,000,000 16,000,000
Goodwill and intangible impairment charges 383,000,000 60,000,000
Costs and expenses 4,703,000,000 4,525,000,000
Other income (expense)    
Non-service pension and other postretirement benefit (costs) credits 1,000,000 (2,000,000)
Equity in earnings (losses) of nonconsolidated affiliates, net of tax 13,000,000 16,000,000
Other income (expense), net 8,000,000 3,000,000
Total other expense (income) 22,000,000 17,000,000
Earnings (loss) before interest expense, income taxes, and noncontrolling interests (845,000,000) (24,000,000)
Interest expense (75,000,000) (81,000,000)
Earnings (loss) before income taxes and noncontrolling interests (920,000,000) (105,000,000)
Income tax (expense) benefit 94,000,000 0
Net income (loss) (826,000,000) (105,000,000)
Less: Net income (loss) attributable to noncontrolling interests 13,000,000 12,000,000
Net income (loss) attributable to Tenneco Inc. $ (839,000,000) $ (117,000,000)
Basic earnings (loss) per share:    
Earnings (loss) per share (in dollars per share) $ (10.34) $ (1.44)
Weighted average shares outstanding (in shares) 81,168,562 80,874,637
Diluted earnings (loss) per share:    
Earnings (loss) per share (in dollars per share) $ (10.34) $ (1.44)
Weighted average shares outstanding (in shares) 81,168,562 80,874,637