false--12-31Q220200001024725true250000006.06.04.54.505.254.754.253.756.759.508.758.254.504.254.0010000003000000160000000.250.250.010.0117500000025000000717270612379366975546691203084540.0250.02254150000003500000003000000005000000002250000000.030.048750.0200P5YP7YP5Y1000000P30YP5YP17YP46YP10YP3YP10YP28YP10YP10YP10YP10Y10000008200000090000000.010.015000000000001600000040000002000000025000000400000030000002000000320000001459288814592888 0001024725 2020-01-01 2020-06-30 0001024725 us-gaap:CommonClassAMember 2020-08-04 0001024725 us-gaap:CommonClassBMember 2020-08-04 0001024725 us-gaap:PreferredStockMember 2020-01-01 2020-06-30 0001024725 us-gaap:CommonClassAMember 2020-01-01 2020-06-30 0001024725 2019-01-01 2019-06-30 0001024725 2020-04-01 2020-06-30 0001024725 2019-04-01 2019-06-30 0001024725 2020-06-30 0001024725 2019-12-31 0001024725 us-gaap:CommonClassAMember 2020-06-30 0001024725 us-gaap:CommonClassBMember 2019-12-31 0001024725 us-gaap:CommonClassAMember 2019-12-31 0001024725 us-gaap:CommonClassBMember 2020-06-30 0001024725 2018-12-31 0001024725 2019-06-30 0001024725 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-01-01 2019-03-31 0001024725 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-04-01 2019-06-30 0001024725 ten:TotalEquityMember 2019-01-01 2019-03-31 0001024725 us-gaap:NoncontrollingInterestMember 2019-01-01 2019-03-31 0001024725 us-gaap:AdditionalPaidInCapitalMember 2019-03-31 0001024725 ten:TotalEquityMember 2019-04-01 2019-06-30 0001024725 us-gaap:AdditionalPaidInCapitalMember 2019-06-30 0001024725 us-gaap:ParentMember 2019-04-01 2019-06-30 0001024725 us-gaap:ParentMember 2019-01-01 2019-03-31 0001024725 us-gaap:ParentMember 2019-06-30 0001024725 us-gaap:NoncontrollingInterestMember 2019-04-01 2019-06-30 0001024725 ten:TotalEquityMember 2018-12-31 0001024725 ten:TotalEquityMember 2019-06-30 0001024725 us-gaap:RetainedEarningsMember 2018-12-31 0001024725 us-gaap:CommonStockMember 2019-06-30 0001024725 us-gaap:RetainedEarningsMember 2019-03-31 0001024725 us-gaap:RetainedEarningsMember 2019-01-01 2019-03-31 0001024725 us-gaap:ParentMember 2018-12-31 0001024725 us-gaap:NoncontrollingInterestMember 2018-12-31 0001024725 us-gaap:TreasuryStockMember 2019-06-30 0001024725 us-gaap:NoncontrollingInterestMember 2019-06-30 0001024725 us-gaap:RetainedEarningsMember 2019-04-01 2019-06-30 0001024725 us-gaap:AdditionalPaidInCapitalMember 2018-12-31 0001024725 us-gaap:TreasuryStockMember 2018-12-31 0001024725 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-12-31 0001024725 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-03-31 0001024725 us-gaap:RetainedEarningsMember 2019-06-30 0001024725 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-06-30 0001024725 us-gaap:CommonStockMember 2018-12-31 0001024725 us-gaap:AdditionalPaidInCapitalMember 2019-01-01 2019-03-31 0001024725 ten:TotalEquityMember 2019-03-31 0001024725 us-gaap:NoncontrollingInterestMember 2019-03-31 0001024725 us-gaap:CommonStockMember 2019-03-31 0001024725 us-gaap:ParentMember 2019-03-31 0001024725 us-gaap:TreasuryStockMember 2019-03-31 0001024725 us-gaap:AdditionalPaidInCapitalMember 2019-04-01 2019-06-30 0001024725 us-gaap:ParentMember 2020-04-01 2020-06-30 0001024725 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2020-06-30 0001024725 us-gaap:NoncontrollingInterestMember 2020-01-01 2020-03-31 0001024725 ten:TotalEquityMember 2020-04-01 2020-06-30 0001024725 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2020-01-01 2020-03-31 0001024725 us-gaap:ParentMember 2019-12-31 0001024725 us-gaap:RetainedEarningsMember 2020-03-31 0001024725 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2020-03-31 0001024725 us-gaap:NoncontrollingInterestMember 2020-06-30 0001024725 us-gaap:TreasuryStockMember 2020-06-30 0001024725 us-gaap:ParentMember 2020-01-01 2020-03-31 0001024725 us-gaap:CommonStockMember 2019-12-31 0001024725 ten:TotalEquityMember 2020-01-01 2020-03-31 0001024725 us-gaap:TreasuryStockMember 2019-12-31 0001024725 us-gaap:AdditionalPaidInCapitalMember 2020-06-30 0001024725 us-gaap:NoncontrollingInterestMember 2019-12-31 0001024725 ten:TotalEquityMember 2020-03-31 0001024725 us-gaap:RetainedEarningsMember 2020-06-30 0001024725 us-gaap:NoncontrollingInterestMember 2020-03-31 0001024725 us-gaap:ParentMember 2020-06-30 0001024725 us-gaap:RetainedEarningsMember 2019-12-31 0001024725 ten:TotalEquityMember 2020-06-30 0001024725 us-gaap:RetainedEarningsMember 2020-01-01 2020-03-31 0001024725 ten:TotalEquityMember 2019-12-31 0001024725 us-gaap:NoncontrollingInterestMember 2020-04-01 2020-06-30 0001024725 us-gaap:RetainedEarningsMember 2020-04-01 2020-06-30 0001024725 us-gaap:CommonStockMember 2020-06-30 0001024725 us-gaap:AdditionalPaidInCapitalMember 2020-04-01 2020-06-30 0001024725 us-gaap:AdditionalPaidInCapitalMember 2020-01-01 2020-03-31 0001024725 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2020-04-01 2020-06-30 0001024725 us-gaap:AdditionalPaidInCapitalMember 2019-12-31 0001024725 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-12-31 0001024725 us-gaap:AdditionalPaidInCapitalMember 2020-03-31 0001024725 us-gaap:CommonStockMember 2020-03-31 0001024725 us-gaap:TreasuryStockMember 2020-03-31 0001024725 us-gaap:ParentMember 2020-03-31 0001024725 2019-01-01 2019-03-31 0001024725 us-gaap:EmployeeSeveranceMember ten:MotorpartsMember 2020-04-01 2020-06-30 0001024725 ten:MotorpartsMember 2020-04-01 2020-06-30 0001024725 ten:MotorpartsMember 2020-01-01 2020-06-30 0001024725 us-gaap:EmployeeSeveranceMember ten:MotorpartsMember 2020-01-01 2020-06-30 0001024725 ten:KhlinHoldingABMember ten:HlinsIntressenterABMember 2019-01-10 0001024725 ten:RestrictedStockPerformanceStockUnitsAndRestrictedStockUnitsMember 2019-04-01 2019-06-30 0001024725 us-gaap:EmployeeStockOptionMember 2020-01-01 2020-06-30 0001024725 ten:RestrictedStockPerformanceStockUnitsAndRestrictedStockUnitsMember 2019-01-01 2019-06-30 0001024725 us-gaap:EmployeeStockOptionMember 2019-04-01 2019-06-30 0001024725 ten:RestrictedStockPerformanceStockUnitsAndRestrictedStockUnitsMember 2020-01-01 2020-06-30 0001024725 us-gaap:EmployeeStockOptionMember 2020-04-01 2020-06-30 0001024725 us-gaap:EmployeeStockOptionMember 2019-01-01 2019-06-30 0001024725 ten:RestrictedStockPerformanceStockUnitsAndRestrictedStockUnitsMember 2020-04-01 2020-06-30 0001024725 us-gaap:DisposalGroupHeldforsaleNotDiscontinuedOperationsMember 2020-06-30 0001024725 us-gaap:DisposalGroupHeldforsaleNotDiscontinuedOperationsMember 2019-12-31 0001024725 ten:HlinsIntressenterABMember 2019-01-10 0001024725 ten:HlinsIntressenterABMember 2019-01-10 2019-01-10 0001024725 us-gaap:DisposalGroupHeldforsaleNotDiscontinuedOperationsMember ten:MotorsportsCertainAssetsandLiabilitiesMember 2020-01-01 2020-06-30 0001024725 us-gaap:DisposalGroupHeldforsaleNotDiscontinuedOperationsMember ten:MotorsportsCertainAssetsandLiabilitiesMember 2019-03-01 2019-03-01 0001024725 us-gaap:OperatingSegmentsMember ten:MotorpartsMember 2019-01-01 2019-06-30 0001024725 us-gaap:OperatingSegmentsMember ten:RidePerformanceDivisionMember 2019-01-01 2019-06-30 0001024725 us-gaap:CorporateNonSegmentMember 2019-01-01 2019-06-30 0001024725 us-gaap:OperatingSegmentsMember ten:CleanAirDivisionMember 2019-01-01 2019-06-30 0001024725 us-gaap:OperatingSegmentsMember ten:PowertrainMember 2019-01-01 2019-06-30 0001024725 us-gaap:OperatingSegmentsMember ten:RidePerformanceDivisionMember 2020-01-01 2020-06-30 0001024725 us-gaap:OperatingSegmentsMember ten:PowertrainMember 2020-01-01 2020-06-30 0001024725 us-gaap:OperatingSegmentsMember ten:MotorpartsMember 2020-01-01 2020-06-30 0001024725 us-gaap:CorporateNonSegmentMember 2020-01-01 2020-06-30 0001024725 us-gaap:OperatingSegmentsMember ten:CleanAirDivisionMember 2020-01-01 2020-06-30 0001024725 us-gaap:OperatingSegmentsMember 2020-04-01 2020-06-30 0001024725 us-gaap:CorporateNonSegmentMember 2020-06-30 0001024725 us-gaap:OperatingSegmentsMember ten:MotorpartsMember 2020-01-01 2020-03-31 0001024725 us-gaap:OperatingSegmentsMember ten:CleanAirDivisionMember 2020-04-01 2020-06-30 0001024725 us-gaap:CorporateNonSegmentMember 2020-04-01 2020-06-30 0001024725 us-gaap:OperatingSegmentsMember ten:PowertrainMember 2020-04-01 2020-06-30 0001024725 us-gaap:OperatingSegmentsMember ten:CleanAirDivisionMember 2020-01-01 2020-03-31 0001024725 us-gaap:OperatingSegmentsMember 2020-01-01 2020-03-31 0001024725 us-gaap:OperatingSegmentsMember ten:CleanAirDivisionMember 2020-06-30 0001024725 us-gaap:CorporateNonSegmentMember 2020-01-01 2020-03-31 0001024725 us-gaap:OperatingSegmentsMember ten:RidePerformanceDivisionMember 2020-01-01 2020-03-31 0001024725 us-gaap:OperatingSegmentsMember ten:PowertrainMember 2020-06-30 0001024725 us-gaap:OperatingSegmentsMember 2020-03-31 0001024725 us-gaap:OperatingSegmentsMember ten:PowertrainMember 2019-12-31 0001024725 us-gaap:OperatingSegmentsMember ten:MotorpartsMember 2020-04-01 2020-06-30 0001024725 us-gaap:CorporateNonSegmentMember 2020-03-31 0001024725 us-gaap:OperatingSegmentsMember ten:RidePerformanceDivisionMember 2020-04-01 2020-06-30 0001024725 us-gaap:OperatingSegmentsMember ten:CleanAirDivisionMember 2020-03-31 0001024725 us-gaap:OperatingSegmentsMember ten:PowertrainMember 2020-01-01 2020-03-31 0001024725 2020-01-01 2020-03-31 0001024725 us-gaap:OperatingSegmentsMember ten:MotorpartsMember 2020-03-31 0001024725 us-gaap:OperatingSegmentsMember ten:PowertrainMember 2020-03-31 0001024725 us-gaap:OperatingSegmentsMember ten:MotorpartsMember 2020-06-30 0001024725 us-gaap:OperatingSegmentsMember ten:RidePerformanceDivisionMember 2019-12-31 0001024725 us-gaap:CorporateNonSegmentMember 2019-12-31 0001024725 us-gaap:OperatingSegmentsMember ten:CleanAirDivisionMember 2019-12-31 0001024725 us-gaap:OperatingSegmentsMember ten:RidePerformanceDivisionMember 2020-03-31 0001024725 us-gaap:OperatingSegmentsMember ten:MotorpartsMember 2019-12-31 0001024725 2020-03-31 0001024725 us-gaap:OperatingSegmentsMember ten:RidePerformanceDivisionMember 2020-06-30 0001024725 us-gaap:OperatingSegmentsMember 2019-12-31 0001024725 us-gaap:OperatingSegmentsMember 2020-06-30 0001024725 us-gaap:EmployeeSeveranceMember 2020-03-31 0001024725 us-gaap:FacilityClosingMember 2019-04-01 2019-06-30 0001024725 us-gaap:EmployeeSeveranceMember 2019-01-01 2019-03-31 0001024725 us-gaap:EmployeeSeveranceMember 2019-04-01 2019-06-30 0001024725 us-gaap:FacilityClosingMember 2019-06-30 0001024725 us-gaap:FacilityClosingMember 2020-06-30 0001024725 us-gaap:EmployeeSeveranceMember 2019-06-30 0001024725 us-gaap:EmployeeSeveranceMember 2020-01-01 2020-03-31 0001024725 us-gaap:EmployeeSeveranceMember 2018-12-31 0001024725 us-gaap:EmployeeSeveranceMember 2020-06-30 0001024725 us-gaap:FacilityClosingMember 2019-01-01 2019-03-31 0001024725 us-gaap:EmployeeSeveranceMember 2020-04-01 2020-06-30 0001024725 us-gaap:FacilityClosingMember 2020-04-01 2020-06-30 0001024725 2019-03-31 0001024725 us-gaap:FacilityClosingMember 2020-01-01 2020-03-31 0001024725 us-gaap:FacilityClosingMember 2019-12-31 0001024725 us-gaap:FacilityClosingMember 2018-12-31 0001024725 us-gaap:FacilityClosingMember 2019-03-31 0001024725 us-gaap:EmployeeSeveranceMember 2019-03-31 0001024725 us-gaap:FacilityClosingMember 2020-03-31 0001024725 us-gaap:EmployeeSeveranceMember 2019-12-31 0001024725 us-gaap:CorporateNonSegmentMember 2019-03-31 0001024725 us-gaap:OperatingSegmentsMember ten:PowertrainMember 2019-06-30 0001024725 us-gaap:OperatingSegmentsMember ten:PowertrainMember 2019-04-01 2019-06-30 0001024725 us-gaap:OperatingSegmentsMember ten:CleanAirDivisionMember 2019-01-01 2019-03-31 0001024725 us-gaap:OperatingSegmentsMember ten:PowertrainMember 2019-01-01 2019-03-31 0001024725 us-gaap:CorporateNonSegmentMember 2019-04-01 2019-06-30 0001024725 us-gaap:CorporateNonSegmentMember 2019-01-01 2019-03-31 0001024725 us-gaap:OperatingSegmentsMember ten:CleanAirDivisionMember 2019-04-01 2019-06-30 0001024725 us-gaap:OperatingSegmentsMember ten:RidePerformanceDivisionMember 2019-04-01 2019-06-30 0001024725 us-gaap:OperatingSegmentsMember ten:RidePerformanceDivisionMember 2019-01-01 2019-03-31 0001024725 us-gaap:OperatingSegmentsMember ten:PowertrainMember 2018-12-31 0001024725 us-gaap:OperatingSegmentsMember ten:MotorpartsMember 2019-04-01 2019-06-30 0001024725 us-gaap:OperatingSegmentsMember ten:MotorpartsMember 2018-12-31 0001024725 us-gaap:OperatingSegmentsMember ten:MotorpartsMember 2019-01-01 2019-03-31 0001024725 us-gaap:OperatingSegmentsMember ten:PowertrainMember 2019-03-31 0001024725 us-gaap:OperatingSegmentsMember 2019-01-01 2019-03-31 0001024725 us-gaap:CorporateNonSegmentMember 2019-06-30 0001024725 us-gaap:OperatingSegmentsMember 2019-04-01 2019-06-30 0001024725 us-gaap:OperatingSegmentsMember 2019-06-30 0001024725 us-gaap:OperatingSegmentsMember 2018-12-31 0001024725 us-gaap:OperatingSegmentsMember ten:RidePerformanceDivisionMember 2019-06-30 0001024725 us-gaap:OperatingSegmentsMember ten:MotorpartsMember 2019-03-31 0001024725 us-gaap:OperatingSegmentsMember ten:CleanAirDivisionMember 2019-03-31 0001024725 us-gaap:OperatingSegmentsMember ten:MotorpartsMember 2019-06-30 0001024725 us-gaap:OperatingSegmentsMember ten:RidePerformanceDivisionMember 2018-12-31 0001024725 us-gaap:OperatingSegmentsMember ten:CleanAirDivisionMember 2018-12-31 0001024725 us-gaap:OperatingSegmentsMember ten:CleanAirDivisionMember 2019-06-30 0001024725 us-gaap:OperatingSegmentsMember 2019-03-31 0001024725 us-gaap:CorporateNonSegmentMember 2018-12-31 0001024725 us-gaap:OperatingSegmentsMember ten:RidePerformanceDivisionMember 2019-03-31 0001024725 us-gaap:CorporateNonSegmentMember us-gaap:EmployeeSeveranceMember 2020-01-01 2020-06-30 0001024725 ten:FederalMogulMember 2019-04-01 2019-06-30 0001024725 ten:PowertrainMember 2020-04-01 2020-06-30 0001024725 us-gaap:OtherRestructuringMember ten:PowertrainMember 2020-04-01 2020-06-30 0001024725 us-gaap:SpecialTerminationBenefitsMember ten:VoluntaryTerminationProgramMember 2020-06-30 2020-06-30 0001024725 ten:RidePerformanceDivisionMember 2020-01-01 2020-06-30 0001024725 ten:CostReductionProgramsMember 2020-04-01 2020-06-30 0001024725 ten:FederalMogulMember 2019-01-01 2019-06-30 0001024725 us-gaap:FacilityClosingMember ten:RidePerformanceDivisionMember 2019-04-01 2019-06-30 0001024725 us-gaap:FacilityClosingMember ten:RidePerformanceDivisionMember 2020-01-01 2020-06-30 0001024725 us-gaap:FacilityClosingMember ten:RidePerformanceDivisionMember 2020-04-01 2020-06-30 0001024725 us-gaap:FacilityClosingMember ten:PowertrainMember 2020-04-01 2020-06-30 0001024725 us-gaap:FacilityClosingMember ten:RidePerformanceDivisionMember 2019-01-01 2019-06-30 0001024725 us-gaap:OneTimeTerminationBenefitsMember ten:VoluntaryTerminationProgramMember 2020-06-30 2020-06-30 0001024725 us-gaap:FacilityClosingMember ten:MotorpartsMember 2020-04-01 2020-06-30 0001024725 us-gaap:EmployeeSeveranceMember ten:ProjectAccelerateMember 2020-04-01 2020-06-30 0001024725 us-gaap:EmployeeSeveranceMember ten:VoluntaryTerminationProgramMember 2020-06-30 2020-06-30 0001024725 us-gaap:OtherRestructuringMember ten:VoluntaryTerminationProgramMember 2020-06-30 2020-06-30 0001024725 us-gaap:FacilityClosingMember ten:MotorpartsMember 2020-01-01 2020-06-30 0001024725 us-gaap:EmployeeSeveranceMember ten:ProjectAccelerateMember 2020-01-01 2020-06-30 0001024725 us-gaap:FacilityClosingMember ten:PowertrainMember 2020-01-01 2020-06-30 0001024725 us-gaap:OtherRestructuringMember ten:PowertrainMember 2020-01-01 2020-06-30 0001024725 ten:CostReductionProgramsMember 2020-01-01 2020-06-30 0001024725 ten:PowertrainMember 2020-01-01 2020-06-30 0001024725 ten:PackagedKitsKnowHowMember 2020-06-30 0001024725 ten:CatalogsMember 2019-12-31 0001024725 us-gaap:PatentsMember 2019-12-31 0001024725 us-gaap:CustomerRelationshipsMember 2019-12-31 0001024725 us-gaap:UseRightsMember 2019-12-31 0001024725 us-gaap:LicensingAgreementsMember 2020-06-30 0001024725 us-gaap:DevelopedTechnologyRightsMember 2019-12-31 0001024725 ten:PackagedKitsKnowHowMember 2019-12-31 0001024725 us-gaap:DevelopedTechnologyRightsMember 2020-06-30 0001024725 us-gaap:CustomerContractsMember 2019-12-31 0001024725 us-gaap:LicensingAgreementsMember 2019-12-31 0001024725 us-gaap:CustomerContractsMember 2020-06-30 0001024725 ten:CatalogsMember 2020-06-30 0001024725 us-gaap:CustomerRelationshipsMember 2020-06-30 0001024725 us-gaap:UseRightsMember 2020-06-30 0001024725 us-gaap:PatentsMember 2020-06-30 0001024725 ten:LessThan10Member ten:MotorpartsMember 2020-06-30 0001024725 ten:LessThan10Member ten:RidePerformanceDivisionMember 2020-01-01 2020-06-30 0001024725 ten:PowertrainMember 2020-06-30 0001024725 ten:GreaterThan10Member ten:RidePerformanceDivisionMember 2020-06-30 0001024725 ten:GreaterThan10Member ten:CleanAirDivisionMember 2020-06-30 0001024725 ten:LessThan10Member ten:RidePerformanceDivisionMember 2020-06-30 0001024725 ten:LessThan10Member ten:CleanAirDivisionMember 2020-01-01 2020-06-30 0001024725 ten:LessThan10Member ten:MotorpartsMember 2020-01-01 2020-06-30 0001024725 ten:GreaterThan10Member ten:PowertrainMember 2020-06-30 0001024725 ten:LessThan10Member ten:PowertrainMember 2020-01-01 2020-06-30 0001024725 ten:CleanAirDivisionMember 2020-06-30 0001024725 ten:CleanAirDivisionMember 2020-01-01 2020-06-30 0001024725 ten:GreaterThan10Member ten:PowertrainMember 2020-01-01 2020-06-30 0001024725 ten:RidePerformanceDivisionMember 2020-06-30 0001024725 ten:GreaterThan10Member ten:MotorpartsMember 2020-06-30 0001024725 ten:GreaterThan10Member ten:RidePerformanceDivisionMember 2020-01-01 2020-06-30 0001024725 ten:GreaterThan10Member ten:CleanAirDivisionMember 2020-01-01 2020-06-30 0001024725 ten:LessThan10Member ten:CleanAirDivisionMember 2020-06-30 0001024725 ten:MotorpartsMember 2020-06-30 0001024725 ten:LessThan10Member ten:PowertrainMember 2020-06-30 0001024725 ten:GreaterThan10Member ten:MotorpartsMember 2020-01-01 2020-06-30 0001024725 ten:PowertrainMember 2020-01-01 2020-03-31 0001024725 ten:PowertrainMember 2019-12-31 0001024725 ten:CleanAirDivisionMember 2020-01-01 2020-03-31 0001024725 ten:CleanAirDivisionMember 2020-04-01 2020-06-30 0001024725 ten:RidePerformanceDivisionMember 2020-04-01 2020-06-30 0001024725 ten:RidePerformanceDivisionMember 2020-01-01 2020-03-31 0001024725 ten:RidePerformanceDivisionMember 2019-12-31 0001024725 ten:CleanAirDivisionMember 2020-03-31 0001024725 ten:PowertrainMember 2020-03-31 0001024725 ten:RidePerformanceDivisionMember 2020-03-31 0001024725 ten:CleanAirDivisionMember 2019-12-31 0001024725 ten:MotorpartsMember 2019-12-31 0001024725 ten:MotorpartsMember 2020-01-01 2020-03-31 0001024725 ten:MotorpartsMember 2020-03-31 0001024725 ten:RidePerformanceDivisionMember 2019-01-01 2019-03-31 0001024725 srt:MaximumMember us-gaap:UseRightsMember 2020-01-01 2020-06-30 0001024725 ten:CatalogsMember 2020-01-01 2020-06-30 0001024725 us-gaap:CustomerRelationshipsMember 2020-01-01 2020-06-30 0001024725 srt:MaximumMember us-gaap:LicensingAgreementsMember 2020-01-01 2020-06-30 0001024725 srt:MinimumMember us-gaap:DevelopedTechnologyRightsMember 2020-01-01 2020-06-30 0001024725 srt:MinimumMember us-gaap:PatentsMember 2020-01-01 2020-06-30 0001024725 srt:MaximumMember us-gaap:PatentsMember 2020-01-01 2020-06-30 0001024725 ten:PackagedKitsKnowHowMember 2020-01-01 2020-06-30 0001024725 us-gaap:CustomerContractsMember 2020-01-01 2020-06-30 0001024725 srt:MinimumMember us-gaap:UseRightsMember 2020-01-01 2020-06-30 0001024725 srt:MinimumMember us-gaap:LicensingAgreementsMember 2020-01-01 2020-06-30 0001024725 srt:MaximumMember us-gaap:DevelopedTechnologyRightsMember 2020-01-01 2020-06-30 0001024725 ten:FederalMogulPowertrainOtomotivA.S.TurkeyMember us-gaap:EquityMethodInvestmentNonconsolidatedInvesteeOrGroupOfInvesteesMember 2019-01-01 2019-06-30 0001024725 us-gaap:EquityMethodInvestmentNonconsolidatedInvesteeOrGroupOfInvesteesMember 2019-01-01 2019-06-30 0001024725 ten:OtherEquityMethodInvestmentsMember us-gaap:EquityMethodInvestmentNonconsolidatedInvesteeOrGroupOfInvesteesMember 2019-01-01 2019-06-30 0001024725 ten:AnqingTPGoetzePistonRingCompanyLimitedChinaMember us-gaap:EquityMethodInvestmentNonconsolidatedInvesteeOrGroupOfInvesteesMember 2019-01-01 2019-06-30 0001024725 us-gaap:EquityMethodInvestmentNonconsolidatedInvesteeOrGroupOfInvesteesMember 2020-04-01 2020-06-30 0001024725 ten:AnqingTPGoetzePistonRingCompanyLimitedChinaMember us-gaap:EquityMethodInvestmentNonconsolidatedInvesteeOrGroupOfInvesteesMember 2020-04-01 2020-06-30 0001024725 ten:FederalMogulPowertrainOtomotivA.S.TurkeyMember us-gaap:EquityMethodInvestmentNonconsolidatedInvesteeOrGroupOfInvesteesMember 2020-04-01 2020-06-30 0001024725 ten:OtherEquityMethodInvestmentsMember us-gaap:EquityMethodInvestmentNonconsolidatedInvesteeOrGroupOfInvesteesMember 2020-04-01 2020-06-30 0001024725 us-gaap:EquityMethodInvestmentNonconsolidatedInvesteeOrGroupOfInvesteesMember 2020-06-30 0001024725 us-gaap:EquityMethodInvestmentNonconsolidatedInvesteeOrGroupOfInvesteesMember 2019-12-31 0001024725 ten:DongsuhFederalMogulIndustrialCo.Ltd.KoreaMember us-gaap:EquityMethodInvestmentNonconsolidatedInvesteeOrGroupOfInvesteesMember 2019-12-31 0001024725 ten:FederalMogulPowertrainOtomotivA.S.TurkeyMember us-gaap:EquityMethodInvestmentNonconsolidatedInvesteeOrGroupOfInvesteesMember 2020-06-30 0001024725 ten:FederalMogulTPLinerEuropeOtomotivLtd.Sti.TurkeyMember us-gaap:EquityMethodInvestmentNonconsolidatedInvesteeOrGroupOfInvesteesMember 2020-06-30 0001024725 ten:FederalMogulPowertrainOtomotivA.S.TurkeyMember us-gaap:EquityMethodInvestmentNonconsolidatedInvesteeOrGroupOfInvesteesMember 2019-12-31 0001024725 ten:AnqingTPPowderMetallurgyCo.LtdChinaMember us-gaap:EquityMethodInvestmentNonconsolidatedInvesteeOrGroupOfInvesteesMember 2020-06-30 0001024725 ten:JURIDdoBrasilSistemasAutomotivosLtda.BrazilMember us-gaap:EquityMethodInvestmentNonconsolidatedInvesteeOrGroupOfInvesteesMember 2019-12-31 0001024725 ten:FarlocArgentinaSAICYFArgentinaMember us-gaap:EquityMethodInvestmentNonconsolidatedInvesteeOrGroupOfInvesteesMember 2019-12-31 0001024725 ten:DongsuhFederalMogulIndustrialCo.Ltd.KoreaMember us-gaap:EquityMethodInvestmentNonconsolidatedInvesteeOrGroupOfInvesteesMember 2020-06-30 0001024725 ten:MontagewerkAbgastechnikEmdenGmbHGermanyMember us-gaap:EquityMethodInvestmentNonconsolidatedInvesteeOrGroupOfInvesteesMember 2020-06-30 0001024725 ten:KBAutosysCo.Ltd.KoreaMember us-gaap:EquityMethodInvestmentNonconsolidatedInvesteeOrGroupOfInvesteesMember 2019-12-31 0001024725 ten:FederalMogulTPLinersInc.USAMember us-gaap:EquityMethodInvestmentNonconsolidatedInvesteeOrGroupOfInvesteesMember 2020-06-30 0001024725 ten:FrenosHidraulicosAutomotricesS.A.deC.V.MexicoMember us-gaap:EquityMethodInvestmentNonconsolidatedInvesteeOrGroupOfInvesteesMember 2020-06-30 0001024725 ten:FederalMogulTPLinerEuropeOtomotivLtd.Sti.TurkeyMember us-gaap:EquityMethodInvestmentNonconsolidatedInvesteeOrGroupOfInvesteesMember 2019-12-31 0001024725 ten:JURIDdoBrasilSistemasAutomotivosLtda.BrazilMember us-gaap:EquityMethodInvestmentNonconsolidatedInvesteeOrGroupOfInvesteesMember 2020-06-30 0001024725 ten:MontagewerkAbgastechnikEmdenGmbHGermanyMember us-gaap:EquityMethodInvestmentNonconsolidatedInvesteeOrGroupOfInvesteesMember 2019-12-31 0001024725 ten:AnqingTPPowderMetallurgyCo.LtdChinaMember us-gaap:EquityMethodInvestmentNonconsolidatedInvesteeOrGroupOfInvesteesMember 2019-12-31 0001024725 ten:FarlocArgentinaSAICYFArgentinaMember us-gaap:EquityMethodInvestmentNonconsolidatedInvesteeOrGroupOfInvesteesMember 2020-06-30 0001024725 ten:AnqingTPGoetzePistonRingCompanyLimitedChinaMember us-gaap:EquityMethodInvestmentNonconsolidatedInvesteeOrGroupOfInvesteesMember 2019-12-31 0001024725 ten:FederalMogulTPLinersInc.USAMember us-gaap:EquityMethodInvestmentNonconsolidatedInvesteeOrGroupOfInvesteesMember 2019-12-31 0001024725 ten:KBAutosysCo.Ltd.KoreaMember us-gaap:EquityMethodInvestmentNonconsolidatedInvesteeOrGroupOfInvesteesMember 2020-06-30 0001024725 ten:AnqingTPGoetzePistonRingCompanyLimitedChinaMember us-gaap:EquityMethodInvestmentNonconsolidatedInvesteeOrGroupOfInvesteesMember 2020-06-30 0001024725 ten:FrenosHidraulicosAutomotricesS.A.deC.V.MexicoMember us-gaap:EquityMethodInvestmentNonconsolidatedInvesteeOrGroupOfInvesteesMember 2019-12-31 0001024725 us-gaap:EquityMethodInvestmentNonconsolidatedInvesteeOrGroupOfInvesteesMember 2019-04-01 2019-06-30 0001024725 ten:AnqingTPGoetzePistonRingCompanyLimitedChinaMember us-gaap:EquityMethodInvestmentNonconsolidatedInvesteeOrGroupOfInvesteesMember 2019-04-01 2019-06-30 0001024725 ten:FederalMogulPowertrainOtomotivA.S.TurkeyMember us-gaap:EquityMethodInvestmentNonconsolidatedInvesteeOrGroupOfInvesteesMember 2019-04-01 2019-06-30 0001024725 ten:OtherEquityMethodInvestmentsMember us-gaap:EquityMethodInvestmentNonconsolidatedInvesteeOrGroupOfInvesteesMember 2019-04-01 2019-06-30 0001024725 us-gaap:EquityMethodInvestmentNonconsolidatedInvesteeOrGroupOfInvesteesMember 2020-01-01 2020-06-30 0001024725 ten:AnqingTPGoetzePistonRingCompanyLimitedChinaMember us-gaap:EquityMethodInvestmentNonconsolidatedInvesteeOrGroupOfInvesteesMember 2020-01-01 2020-06-30 0001024725 ten:FederalMogulPowertrainOtomotivA.S.TurkeyMember us-gaap:EquityMethodInvestmentNonconsolidatedInvesteeOrGroupOfInvesteesMember 2020-01-01 2020-06-30 0001024725 ten:OtherEquityMethodInvestmentsMember us-gaap:EquityMethodInvestmentNonconsolidatedInvesteeOrGroupOfInvesteesMember 2020-01-01 2020-06-30 0001024725 us-gaap:ForeignExchangeContractMember us-gaap:NetInvestmentHedgingMember 2019-04-01 2019-06-30 0001024725 us-gaap:CommodityContractMember us-gaap:CashFlowHedgingMember 2020-04-01 2020-06-30 0001024725 us-gaap:ForeignExchangeContractMember us-gaap:NetInvestmentHedgingMember 2020-04-01 2020-06-30 0001024725 us-gaap:ForeignExchangeContractMember us-gaap:NetInvestmentHedgingMember 2020-01-01 2020-06-30 0001024725 us-gaap:CommodityContractMember us-gaap:CashFlowHedgingMember 2019-01-01 2019-06-30 0001024725 us-gaap:CommodityContractMember us-gaap:CashFlowHedgingMember 2020-01-01 2020-06-30 0001024725 us-gaap:ForeignExchangeContractMember us-gaap:NetInvestmentHedgingMember 2019-01-01 2019-06-30 0001024725 us-gaap:CommodityContractMember us-gaap:CashFlowHedgingMember 2019-04-01 2019-06-30 0001024725 us-gaap:ForeignExchangeForwardMember us-gaap:LongMember 2020-06-30 0001024725 us-gaap:ForeignExchangeForwardMember us-gaap:ShortMember 2020-06-30 0001024725 us-gaap:CommodityContractMember 2020-01-01 2020-06-30 0001024725 us-gaap:NetInvestmentHedgingMember 2020-06-30 0001024725 us-gaap:EquitySwapMember 2019-12-31 0001024725 us-gaap:CommodityContractMember 2019-12-31 0001024725 us-gaap:CommodityContractMember 2020-06-30 0001024725 us-gaap:EquitySwapMember 2020-06-30 0001024725 us-gaap:LongTermDebtMember us-gaap:ForeignExchangeContractMember us-gaap:NetInvestmentHedgingMember us-gaap:CarryingReportedAmountFairValueDisclosureMember 2019-12-31 0001024725 us-gaap:PrepaidExpensesAndOtherCurrentAssetsMember us-gaap:CommodityContractMember us-gaap:CashFlowHedgingMember us-gaap:CarryingReportedAmountFairValueDisclosureMember 2019-12-31 0001024725 us-gaap:PrepaidExpensesAndOtherCurrentAssetsMember us-gaap:CommodityContractMember us-gaap:CashFlowHedgingMember us-gaap:CarryingReportedAmountFairValueDisclosureMember 2020-06-30 0001024725 us-gaap:LongTermDebtMember us-gaap:ForeignExchangeContractMember us-gaap:NetInvestmentHedgingMember us-gaap:CarryingReportedAmountFairValueDisclosureMember 2020-06-30 0001024725 ten:OtherLongTermDebtMember 2019-12-31 0001024725 us-gaap:ForeignExchangeForwardMember 2020-06-30 0001024725 ten:OtherLongTermDebtMember 2020-06-30 0001024725 us-gaap:FairValueInputsLevel2Member us-gaap:EstimateOfFairValueFairValueDisclosureMember ten:TermLoansAndSeniorNotesMember 2019-12-31 0001024725 us-gaap:FairValueInputsLevel2Member us-gaap:CarryingReportedAmountFairValueDisclosureMember ten:TermLoansAndSeniorNotesMember 2020-06-30 0001024725 us-gaap:FairValueInputsLevel2Member us-gaap:EstimateOfFairValueFairValueDisclosureMember ten:TermLoansAndSeniorNotesMember 2020-06-30 0001024725 us-gaap:FairValueInputsLevel2Member us-gaap:CarryingReportedAmountFairValueDisclosureMember ten:TermLoansAndSeniorNotesMember 2019-12-31 0001024725 us-gaap:CommodityContractMember us-gaap:FairValueInputsLevel2Member us-gaap:CarryingReportedAmountFairValueDisclosureMember 2019-12-31 0001024725 us-gaap:EquitySwapMember us-gaap:FairValueInputsLevel2Member us-gaap:EstimateOfFairValueFairValueDisclosureMember 2019-12-31 0001024725 us-gaap:CommodityContractMember us-gaap:FairValueInputsLevel2Member us-gaap:EstimateOfFairValueFairValueDisclosureMember 2020-06-30 0001024725 us-gaap:EquitySwapMember us-gaap:FairValueInputsLevel2Member us-gaap:CarryingReportedAmountFairValueDisclosureMember 2019-12-31 0001024725 us-gaap:EquitySwapMember us-gaap:FairValueInputsLevel2Member us-gaap:CarryingReportedAmountFairValueDisclosureMember 2020-06-30 0001024725 us-gaap:CommodityContractMember us-gaap:FairValueInputsLevel2Member us-gaap:EstimateOfFairValueFairValueDisclosureMember 2019-12-31 0001024725 us-gaap:CommodityContractMember us-gaap:FairValueInputsLevel2Member us-gaap:CarryingReportedAmountFairValueDisclosureMember 2020-06-30 0001024725 us-gaap:EquitySwapMember us-gaap:FairValueInputsLevel2Member us-gaap:EstimateOfFairValueFairValueDisclosureMember 2020-06-30 0001024725 us-gaap:ForeignExchangeForwardMember 2019-12-31 0001024725 ten:SubsidiariesCreditAgreementMember 2020-06-30 0001024725 ten:TermLoanADue2019Through2023Member 2020-06-30 0001024725 ten:A2.75TermLoanBDue2019Through2025Member 2020-06-30 0001024725 ten:RevolvingCreditAgreementMember 2020-06-30 0001024725 ten:AccountsReceivableSecuritizationProgramsMember 2019-12-31 0001024725 ten:AccountsReceivableSecuritizationProgramsMember 2020-06-30 0001024725 us-gaap:InterestExpenseMember 2019-01-01 2019-06-30 0001024725 us-gaap:InterestExpenseMember 2020-04-01 2020-06-30 0001024725 us-gaap:InterestExpenseMember 2020-01-01 2020-06-30 0001024725 us-gaap:InterestExpenseMember 2019-04-01 2019-06-30 0001024725 ten:TermLoanADue2019Through2023Member ten:TermLoanMember 2020-06-30 0001024725 ten:A4.875EuroFixedRateNotesDue2022Member us-gaap:SeniorNotesMember 2020-06-30 0001024725 ten:A5.000EuroFixedRateDue2024Member us-gaap:SeniorNotesMember 2020-06-30 0001024725 ten:RevolverBorrowingsDue2023Member us-gaap:LineOfCreditMember 2020-06-30 0001024725 ten:A5.000EuroFixedRateDue2024Member us-gaap:SeniorNotesMember 2019-12-31 0001024725 ten:SeniorNotesDue20245.375Member us-gaap:SeniorNotesMember 2020-06-30 0001024725 ten:FivePercentSeniorNotesDueJuly152026MemberDomain us-gaap:SeniorNotesMember 2020-06-30 0001024725 ten:EuroFloatingRatesDue2024Member us-gaap:SeniorNotesMember 2020-06-30 0001024725 ten:A4.875EuroFixedRateNotesDue2022Member us-gaap:SeniorNotesMember 2019-12-31 0001024725 ten:SeniorNotesDue20245.375Member us-gaap:SeniorNotesMember 2019-12-31 0001024725 ten:A2.75TermLoanBDue2019Through2025Member ten:TermLoanMember 2020-06-30 0001024725 ten:A2.75TermLoanBDue2019Through2025Member ten:TermLoanMember 2019-12-31 0001024725 ten:FivePercentSeniorNotesDueJuly152026MemberDomain us-gaap:SeniorNotesMember 2019-12-31 0001024725 ten:TermLoanADue2019Through2023Member ten:TermLoanMember 2019-12-31 0001024725 ten:RevolverBorrowingsDue2023Member us-gaap:LineOfCreditMember 2019-12-31 0001024725 ten:EuroFloatingRatesDue2024Member us-gaap:SeniorNotesMember 2019-12-31 0001024725 srt:MinimumMember ten:DebtCovenantTerm1Member ten:FinancialMaintenanceCovenantMember ten:TermLoanANewCreditFacilityMember ten:TermLoanMember 2020-01-01 2020-06-30 0001024725 ten:A4.875EuroFixedRateNotesDue2024Member us-gaap:SeniorNotesMember 2020-06-30 0001024725 us-gaap:OtherAssetsMember 2020-04-01 2020-06-30 0001024725 ten:DebtCovenantTerm1Member ten:TermLoanBFacilityMember ten:TermLoanMember us-gaap:LondonInterbankOfferedRateLIBORMember 2020-01-01 2020-06-30 0001024725 srt:MaximumMember ten:DebtCovenantTerm1Member ten:FinancialMaintenanceCovenantMember ten:TermLoanANewCreditFacilityMember ten:TermLoanMember 2020-01-01 2020-06-30 0001024725 us-gaap:LineOfCreditMember 2018-10-01 0001024725 ten:DebtCovenantTerm2Member ten:FinancialMaintenanceCovenantMember ten:TermLoanANewCreditFacilityThirdAmendmentMember ten:TermLoanMember 2020-01-01 2020-06-30 0001024725 ten:ThirdAmendmentMember us-gaap:LineOfCreditMember 2020-01-01 2020-06-30 0001024725 ten:TermLoanBFacilityMember ten:TermLoanMember us-gaap:LondonInterbankOfferedRateLIBORMember 2020-01-01 2020-06-30 0001024725 ten:TermLoanAFacilityMember ten:TermLoanMember 2018-10-01 0001024725 ten:TermLoanBFacilityMember ten:TermLoanMember 2018-10-01 0001024725 ten:DebtCovenantTerm4Member ten:FinancialMaintenanceCovenantMember ten:TermLoanANewCreditFacilityThirdAmendmentMember ten:TermLoanMember 2020-01-01 2020-06-30 0001024725 us-gaap:RevolvingCreditFacilityMember us-gaap:LineOfCreditMember 2018-10-01 0001024725 us-gaap:OtherAssetsMember 2019-01-01 2019-06-30 0001024725 ten:DebtCovenantTerm3Member ten:FinancialMaintenanceCovenantMember ten:TermLoanANewCreditFacilityThirdAmendmentMember ten:TermLoanMember 2020-01-01 2020-06-30 0001024725 us-gaap:LetterOfCreditMember 2020-06-30 0001024725 us-gaap:OtherAssetsMember 2020-01-01 2020-06-30 0001024725 us-gaap:LineOfCreditMember 2020-01-01 2020-06-30 0001024725 ten:FirstAmendmentAndSecondAmendmentMember us-gaap:LineOfCreditMember 2020-01-01 2020-06-30 0001024725 ten:DebtCovenantTerm6Member ten:FinancialMaintenanceCovenantMember ten:TermLoanANewCreditFacilityThirdAmendmentMember ten:TermLoanMember 2020-01-01 2020-06-30 0001024725 ten:DebtCovenantTerm1Member ten:FinancialMaintenanceCovenantMember ten:TermLoanANewCreditFacilityThirdAmendmentMember ten:TermLoanMember 2020-01-01 2020-06-30 0001024725 ten:DebtCovenantTerm5Member ten:FinancialMaintenanceCovenantMember ten:TermLoanANewCreditFacilityThirdAmendmentMember ten:TermLoanMember 2020-01-01 2020-06-30 0001024725 ten:DebtCovenantTerm7Member ten:FinancialMaintenanceCovenantMember ten:TermLoanANewCreditFacilityThirdAmendmentMember ten:TermLoanMember 2020-01-01 2020-06-30 0001024725 srt:MaximumMember ten:DebtCovenantTerm2Member ten:TermLoanANewCreditFacilityThirdAmendmentMember ten:TermLoanMember 2020-01-01 2020-06-30 0001024725 ten:DebtCovenantTerm2Member ten:TermLoanANewCreditFacilityThirdAmendmentMember ten:TermLoanMember us-gaap:LondonInterbankOfferedRateLIBORMember 2020-01-01 2020-06-30 0001024725 srt:MinimumMember ten:DebtCovenantTerm2Member ten:TermLoanANewCreditFacilityThirdAmendmentMember ten:TermLoanMember 2020-01-01 2020-06-30 0001024725 srt:MinimumMember ten:DebtCovenantTerm1Member ten:TermLoanANewCreditFacilityThirdAmendmentMember ten:TermLoanMember 2020-01-01 2020-06-30 0001024725 ten:DebtCovenantTerm1Member ten:TermLoanANewCreditFacilityThirdAmendmentMember ten:TermLoanMember us-gaap:LondonInterbankOfferedRateLIBORMember 2020-01-01 2020-06-30 0001024725 us-gaap:OtherAssetsMember 2019-04-01 2019-06-30 0001024725 us-gaap:RevolvingCreditFacilityMember us-gaap:LineOfCreditMember 2018-10-01 2018-10-01 0001024725 ten:TermLoanAFacilityMember ten:TermLoanMember 2018-10-01 2018-10-01 0001024725 ten:TermLoanBFacilityMember ten:TermLoanMember 2018-10-01 2018-10-01 0001024725 us-gaap:ForeignPlanMember us-gaap:PensionPlansDefinedBenefitMember 2020-04-01 2020-06-30 0001024725 country:US us-gaap:PensionPlansDefinedBenefitMember 2020-04-01 2020-06-30 0001024725 us-gaap:ForeignPlanMember us-gaap:PensionPlansDefinedBenefitMember 2019-04-01 2019-06-30 0001024725 us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember 2019-04-01 2019-06-30 0001024725 us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember 2020-04-01 2020-06-30 0001024725 country:US us-gaap:PensionPlansDefinedBenefitMember 2019-04-01 2019-06-30 0001024725 us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember 2019-01-01 2019-06-30 0001024725 country:US us-gaap:PensionPlansDefinedBenefitMember 2020-01-01 2020-06-30 0001024725 us-gaap:ForeignPlanMember us-gaap:PensionPlansDefinedBenefitMember 2019-01-01 2019-06-30 0001024725 us-gaap:ForeignPlanMember us-gaap:PensionPlansDefinedBenefitMember 2020-01-01 2020-06-30 0001024725 country:US us-gaap:PensionPlansDefinedBenefitMember 2019-01-01 2019-06-30 0001024725 us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember 2020-01-01 2020-06-30 0001024725 ten:U.S.ChinaFrancePolandAndSpainMember 2020-01-01 2020-06-30 0001024725 us-gaap:ForeignCountryMember us-gaap:TaxYear2012Member 2020-06-30 0001024725 us-gaap:ForeignCountryMember us-gaap:TaxYear2011Member 2020-06-30 0001024725 ten:DeferredCreditAndOtherLiabilitiesMember 2019-12-31 0001024725 ten:AccruedExpensesAndOtherCurrentLiabilitiesMember 2019-12-31 0001024725 ten:AccruedExpensesAndOtherCurrentLiabilitiesMember 2020-06-30 0001024725 ten:DeferredCreditAndOtherLiabilitiesMember 2020-06-30 0001024725 2017-06-30 0001024725 2017-07-01 2020-06-30 0001024725 srt:EuropeMember 2020-01-01 2020-06-30 0001024725 2019-07-01 2019-09-30 0001024725 srt:MinimumMember 2020-01-01 2020-06-30 0001024725 country:US 2020-01-01 2020-06-30 0001024725 ten:CashSettledAwardsMember 2019-01-01 2019-06-30 0001024725 us-gaap:RestrictedStockUnitsRSUMember 2020-04-01 2020-06-30 0001024725 ten:CashSettledAwardsMember 2019-04-01 2019-06-30 0001024725 us-gaap:RestrictedStockUnitsRSUMember 2019-01-01 2019-06-30 0001024725 us-gaap:RestrictedStockUnitsRSUMember 2020-01-01 2020-06-30 0001024725 us-gaap:RestrictedStockUnitsRSUMember 2019-04-01 2019-06-30 0001024725 ten:CashSettledAwardsMember 2020-01-01 2020-06-30 0001024725 ten:CashSettledAwardsMember 2020-04-01 2020-06-30 0001024725 us-gaap:RestrictedStockUnitsRSUMember 2019-12-31 0001024725 us-gaap:RestrictedStockMember 2019-12-31 0001024725 us-gaap:RestrictedStockMember 2020-01-01 2020-06-30 0001024725 us-gaap:PerformanceSharesMember 2019-12-31 0001024725 us-gaap:PerformanceSharesMember 2020-01-01 2020-06-30 0001024725 us-gaap:RestrictedStockMember 2020-06-30 0001024725 us-gaap:RestrictedStockUnitsRSUMember 2020-06-30 0001024725 us-gaap:PerformanceSharesMember 2020-06-30 0001024725 ten:CashSettledAwardsMember 2020-06-30 0001024725 us-gaap:CommonClassBMember 2019-06-30 0001024725 us-gaap:CommonClassBMember 2018-12-31 0001024725 us-gaap:CommonClassAMember 2019-01-01 2019-06-30 0001024725 us-gaap:CommonClassBMember 2019-01-01 2019-06-30 0001024725 us-gaap:CommonClassAMember 2019-06-30 0001024725 us-gaap:CommonClassBMember 2020-01-01 2020-06-30 0001024725 us-gaap:CommonClassAMember 2018-12-31 0001024725 ten:IcahnEnterprisesL.P.Member ten:TennecoMember us-gaap:CommonClassBMember 2020-04-01 0001024725 us-gaap:CommonClassBMember 2020-04-01 2020-04-01 0001024725 ten:IcahnEnterprisesL.P.Member ten:TennecoMember us-gaap:CommonClassAMember 2020-04-01 0001024725 us-gaap:CommonClassAMember 2020-04-01 2020-04-01 0001024725 us-gaap:AccumulatedForeignCurrencyAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember 2020-01-01 2020-06-30 0001024725 us-gaap:AccumulatedForeignCurrencyAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember 2019-04-01 2019-06-30 0001024725 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember 2020-04-01 2020-06-30 0001024725 us-gaap:AccumulatedForeignCurrencyAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember 2020-06-30 0001024725 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember 2019-12-31 0001024725 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember 2020-01-01 2020-06-30 0001024725 us-gaap:AccumulatedGainLossCashFlowHedgeIncludingNoncontrollingInterestMember 2020-04-01 2020-06-30 0001024725 us-gaap:AccumulatedGainLossCashFlowHedgeIncludingNoncontrollingInterestMember 2019-04-01 2019-06-30 0001024725 us-gaap:AccumulatedGainLossCashFlowHedgeIncludingNoncontrollingInterestMember 2020-03-31 0001024725 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember 2020-06-30 0001024725 us-gaap:AccumulatedForeignCurrencyAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember 2019-01-01 2019-06-30 0001024725 us-gaap:AccumulatedGainLossCashFlowHedgeIncludingNoncontrollingInterestMember 2018-12-31 0001024725 us-gaap:AccumulatedGainLossCashFlowHedgeIncludingNoncontrollingInterestMember 2019-01-01 2019-06-30 0001024725 us-gaap:AccumulatedForeignCurrencyAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember 2019-06-30 0001024725 us-gaap:AccumulatedForeignCurrencyAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember 2020-04-01 2020-06-30 0001024725 us-gaap:AccumulatedGainLossCashFlowHedgeIncludingNoncontrollingInterestMember 2020-01-01 2020-06-30 0001024725 us-gaap:AccumulatedForeignCurrencyAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember 2020-03-31 0001024725 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember 2019-01-01 2019-06-30 0001024725 us-gaap:AccumulatedGainLossCashFlowHedgeIncludingNoncontrollingInterestMember 2019-06-30 0001024725 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember 2019-04-01 2019-06-30 0001024725 us-gaap:AccumulatedForeignCurrencyAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember 2018-12-31 0001024725 us-gaap:AccumulatedGainLossCashFlowHedgeIncludingNoncontrollingInterestMember 2020-06-30 0001024725 us-gaap:AccumulatedForeignCurrencyAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember 2019-03-31 0001024725 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember 2019-03-31 0001024725 us-gaap:AccumulatedGainLossCashFlowHedgeIncludingNoncontrollingInterestMember 2019-12-31 0001024725 us-gaap:AccumulatedGainLossCashFlowHedgeIncludingNoncontrollingInterestMember 2019-03-31 0001024725 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember 2019-06-30 0001024725 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember 2020-03-31 0001024725 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember 2018-12-31 0001024725 us-gaap:AccumulatedForeignCurrencyAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember 2019-12-31 0001024725 us-gaap:OperatingSegmentsMember 2019-01-01 2019-06-30 0001024725 us-gaap:OperatingSegmentsMember 2020-01-01 2020-06-30 0001024725 ten:RestOfWorldMember ten:CleanAirDivisionMember 2019-04-01 2019-06-30 0001024725 ten:RestOfWorldMember ten:PowertrainMember 2020-01-01 2020-06-30 0001024725 srt:NorthAmericaMember 2019-01-01 2019-06-30 0001024725 ten:PowertrainMember 2019-04-01 2019-06-30 0001024725 us-gaap:EMEAMember ten:MotorpartsMember 2020-04-01 2020-06-30 0001024725 us-gaap:EMEAMember 2020-01-01 2020-06-30 0001024725 ten:CleanAirDivisionMember 2019-01-01 2019-06-30 0001024725 srt:NorthAmericaMember ten:PowertrainMember 2019-01-01 2019-06-30 0001024725 ten:RestOfWorldMember ten:MotorpartsMember 2020-01-01 2020-06-30 0001024725 srt:NorthAmericaMember ten:RidePerformanceDivisionMember 2020-01-01 2020-06-30 0001024725 us-gaap:EMEAMember 2019-01-01 2019-06-30 0001024725 us-gaap:EMEAMember ten:PowertrainMember 2020-01-01 2020-06-30 0001024725 ten:RidePerformanceDivisionMember 2019-04-01 2019-06-30 0001024725 ten:MotorpartsMember 2019-01-01 2019-06-30 0001024725 srt:NorthAmericaMember ten:CleanAirDivisionMember 2019-01-01 2019-06-30 0001024725 srt:NorthAmericaMember 2019-04-01 2019-06-30 0001024725 srt:NorthAmericaMember ten:CleanAirDivisionMember 2020-04-01 2020-06-30 0001024725 ten:RestOfWorldMember ten:CleanAirDivisionMember 2020-01-01 2020-06-30 0001024725 us-gaap:EMEAMember ten:PowertrainMember 2019-01-01 2019-06-30 0001024725 ten:RestOfWorldMember ten:CleanAirDivisionMember 2019-01-01 2019-06-30 0001024725 srt:NorthAmericaMember ten:MotorpartsMember 2020-04-01 2020-06-30 0001024725 ten:RestOfWorldMember ten:PowertrainMember 2019-04-01 2019-06-30 0001024725 ten:CleanAirDivisionMember 2019-04-01 2019-06-30 0001024725 ten:RidePerformanceDivisionMember 2019-01-01 2019-06-30 0001024725 srt:NorthAmericaMember ten:CleanAirDivisionMember 2020-01-01 2020-06-30 0001024725 ten:RestOfWorldMember 2019-01-01 2019-06-30 0001024725 srt:NorthAmericaMember ten:PowertrainMember 2020-01-01 2020-06-30 0001024725 ten:RestOfWorldMember ten:RidePerformanceDivisionMember 2020-01-01 2020-06-30 0001024725 ten:RestOfWorldMember 2020-04-01 2020-06-30 0001024725 us-gaap:EMEAMember ten:PowertrainMember 2020-04-01 2020-06-30 0001024725 us-gaap:EMEAMember ten:CleanAirDivisionMember 2019-01-01 2019-06-30 0001024725 srt:NorthAmericaMember ten:MotorpartsMember 2019-01-01 2019-06-30 0001024725 us-gaap:EMEAMember ten:CleanAirDivisionMember 2020-01-01 2020-06-30 0001024725 srt:NorthAmericaMember ten:MotorpartsMember 2019-04-01 2019-06-30 0001024725 srt:NorthAmericaMember ten:RidePerformanceDivisionMember 2019-01-01 2019-06-30 0001024725 us-gaap:EMEAMember ten:RidePerformanceDivisionMember 2019-04-01 2019-06-30 0001024725 srt:NorthAmericaMember ten:PowertrainMember 2020-04-01 2020-06-30 0001024725 ten:RestOfWorldMember ten:RidePerformanceDivisionMember 2019-01-01 2019-06-30 0001024725 ten:RestOfWorldMember ten:RidePerformanceDivisionMember 2019-04-01 2019-06-30 0001024725 ten:RestOfWorldMember ten:CleanAirDivisionMember 2020-04-01 2020-06-30 0001024725 us-gaap:EMEAMember 2020-04-01 2020-06-30 0001024725 ten:RestOfWorldMember 2020-01-01 2020-06-30 0001024725 us-gaap:EMEAMember ten:RidePerformanceDivisionMember 2020-01-01 2020-06-30 0001024725 ten:PowertrainMember 2019-01-01 2019-06-30 0001024725 ten:RestOfWorldMember ten:PowertrainMember 2019-01-01 2019-06-30 0001024725 srt:NorthAmericaMember ten:MotorpartsMember 2020-01-01 2020-06-30 0001024725 ten:RestOfWorldMember 2019-04-01 2019-06-30 0001024725 ten:RestOfWorldMember ten:MotorpartsMember 2020-04-01 2020-06-30 0001024725 srt:NorthAmericaMember 2020-01-01 2020-06-30 0001024725 ten:RestOfWorldMember ten:MotorpartsMember 2019-01-01 2019-06-30 0001024725 us-gaap:EMEAMember ten:CleanAirDivisionMember 2019-04-01 2019-06-30 0001024725 ten:MotorpartsMember 2019-04-01 2019-06-30 0001024725 srt:NorthAmericaMember ten:CleanAirDivisionMember 2019-04-01 2019-06-30 0001024725 ten:RestOfWorldMember ten:MotorpartsMember 2019-04-01 2019-06-30 0001024725 us-gaap:EMEAMember ten:PowertrainMember 2019-04-01 2019-06-30 0001024725 us-gaap:EMEAMember ten:MotorpartsMember 2019-04-01 2019-06-30 0001024725 srt:NorthAmericaMember 2020-04-01 2020-06-30 0001024725 us-gaap:EMEAMember ten:RidePerformanceDivisionMember 2019-01-01 2019-06-30 0001024725 srt:NorthAmericaMember ten:RidePerformanceDivisionMember 2020-04-01 2020-06-30 0001024725 srt:NorthAmericaMember ten:PowertrainMember 2019-04-01 2019-06-30 0001024725 us-gaap:EMEAMember 2019-04-01 2019-06-30 0001024725 ten:RestOfWorldMember ten:PowertrainMember 2020-04-01 2020-06-30 0001024725 ten:RestOfWorldMember ten:RidePerformanceDivisionMember 2020-04-01 2020-06-30 0001024725 us-gaap:EMEAMember ten:CleanAirDivisionMember 2020-04-01 2020-06-30 0001024725 us-gaap:EMEAMember ten:MotorpartsMember 2020-01-01 2020-06-30 0001024725 us-gaap:EMEAMember ten:MotorpartsMember 2019-01-01 2019-06-30 0001024725 srt:NorthAmericaMember ten:RidePerformanceDivisionMember 2019-04-01 2019-06-30 0001024725 us-gaap:EMEAMember ten:RidePerformanceDivisionMember 2020-04-01 2020-06-30 0001024725 srt:ScenarioForecastMember 2020-01-01 2020-12-31 0001024725 us-gaap:OperatingSegmentsMember ten:IntersegmentRevenuesMember 2020-01-01 2020-06-30 0001024725 us-gaap:OperatingSegmentsMember ten:RidePerformanceDivisionMember ten:IntersegmentRevenuesMember 2019-04-01 2019-06-30 0001024725 us-gaap:OperatingSegmentsMember ten:PowertrainMember ten:IntersegmentRevenuesMember 2019-04-01 2019-06-30 0001024725 us-gaap:OperatingSegmentsMember ten:CleanAirDivisionMember ten:IntersegmentRevenuesMember 2019-04-01 2019-06-30 0001024725 srt:ConsolidationEliminationsMember ten:IntersegmentRevenuesMember 2020-04-01 2020-06-30 0001024725 us-gaap:OperatingSegmentsMember ten:MotorpartsMember ten:IntersegmentRevenuesMember 2019-01-01 2019-06-30 0001024725 srt:ConsolidationEliminationsMember ten:IntersegmentRevenuesMember 2019-01-01 2019-06-30 0001024725 us-gaap:OperatingSegmentsMember ten:MotorpartsMember ten:IntersegmentRevenuesMember 2020-01-01 2020-06-30 0001024725 us-gaap:OperatingSegmentsMember ten:CleanAirDivisionMember ten:IntersegmentRevenuesMember 2020-01-01 2020-06-30 0001024725 us-gaap:OperatingSegmentsMember ten:CleanAirDivisionMember ten:IntersegmentRevenuesMember 2019-01-01 2019-06-30 0001024725 us-gaap:OperatingSegmentsMember ten:IntersegmentRevenuesMember 2019-04-01 2019-06-30 0001024725 srt:ConsolidationEliminationsMember ten:IntersegmentRevenuesMember 2020-01-01 2020-06-30 0001024725 us-gaap:OperatingSegmentsMember ten:RidePerformanceDivisionMember ten:IntersegmentRevenuesMember 2020-04-01 2020-06-30 0001024725 srt:ConsolidationEliminationsMember ten:IntersegmentRevenuesMember 2019-04-01 2019-06-30 0001024725 us-gaap:OperatingSegmentsMember ten:MotorpartsMember ten:IntersegmentRevenuesMember 2019-04-01 2019-06-30 0001024725 us-gaap:OperatingSegmentsMember ten:CleanAirDivisionMember ten:IntersegmentRevenuesMember 2020-04-01 2020-06-30 0001024725 us-gaap:OperatingSegmentsMember ten:PowertrainMember ten:IntersegmentRevenuesMember 2019-01-01 2019-06-30 0001024725 us-gaap:OperatingSegmentsMember ten:IntersegmentRevenuesMember 2019-01-01 2019-06-30 0001024725 us-gaap:OperatingSegmentsMember ten:RidePerformanceDivisionMember ten:IntersegmentRevenuesMember 2019-01-01 2019-06-30 0001024725 us-gaap:OperatingSegmentsMember ten:RidePerformanceDivisionMember ten:IntersegmentRevenuesMember 2020-01-01 2020-06-30 0001024725 us-gaap:OperatingSegmentsMember ten:MotorpartsMember ten:IntersegmentRevenuesMember 2020-04-01 2020-06-30 0001024725 us-gaap:OperatingSegmentsMember ten:PowertrainMember ten:IntersegmentRevenuesMember 2020-04-01 2020-06-30 0001024725 us-gaap:OperatingSegmentsMember ten:IntersegmentRevenuesMember 2020-04-01 2020-06-30 0001024725 us-gaap:OperatingSegmentsMember ten:PowertrainMember ten:IntersegmentRevenuesMember 2020-01-01 2020-06-30 0001024725 ten:OeValueAddMember 2020-04-01 2020-06-30 0001024725 ten:OeValueAddMember ten:CleanAirDivisionMember 2020-01-01 2020-06-30 0001024725 ten:OeSubstrateMember ten:MotorpartsMember 2020-04-01 2020-06-30 0001024725 ten:OeSubstrateMember ten:RidePerformanceDivisionMember 2020-04-01 2020-06-30 0001024725 ten:AftermarketMember ten:PowertrainMember 2019-04-01 2019-06-30 0001024725 ten:OeValueAddMember ten:PowertrainMember 2020-01-01 2020-06-30 0001024725 ten:OeValueAddMember ten:PowertrainMember 2019-01-01 2019-06-30 0001024725 ten:AftermarketMember ten:MotorpartsMember 2020-04-01 2020-06-30 0001024725 ten:AftermarketMember ten:MotorpartsMember 2019-01-01 2019-06-30 0001024725 ten:AftermarketMember ten:PowertrainMember 2020-01-01 2020-06-30 0001024725 ten:OeValueAddMember ten:PowertrainMember 2020-04-01 2020-06-30 0001024725 ten:OeValueAddMember ten:RidePerformanceDivisionMember 2020-04-01 2020-06-30 0001024725 ten:OeValueAddMember ten:MotorpartsMember 2019-01-01 2019-06-30 0001024725 ten:OeSubstrateMember ten:RidePerformanceDivisionMember 2019-01-01 2019-06-30 0001024725 ten:OeValueAddMember ten:MotorpartsMember 2020-01-01 2020-06-30 0001024725 ten:OeValueAddMember ten:CleanAirDivisionMember 2019-01-01 2019-06-30 0001024725 ten:OeValueAddMember 2020-01-01 2020-06-30 0001024725 ten:AftermarketMember 2020-04-01 2020-06-30 0001024725 ten:AftermarketMember ten:RidePerformanceDivisionMember 2020-04-01 2020-06-30 0001024725 ten:OeSubstrateMember ten:MotorpartsMember 2019-04-01 2019-06-30 0001024725 ten:OeSubstrateMember ten:MotorpartsMember 2019-01-01 2019-06-30 0001024725 ten:OeSubstrateMember ten:MotorpartsMember 2020-01-01 2020-06-30 0001024725 ten:OeSubstrateMember 2019-01-01 2019-06-30 0001024725 ten:OeValueAddMember ten:MotorpartsMember 2020-04-01 2020-06-30 0001024725 ten:OeValueAddMember ten:PowertrainMember 2019-04-01 2019-06-30 0001024725 ten:AftermarketMember 2019-01-01 2019-06-30 0001024725 ten:OeValueAddMember 2019-01-01 2019-06-30 0001024725 ten:AftermarketMember ten:MotorpartsMember 2020-01-01 2020-06-30 0001024725 ten:OeSubstrateMember 2019-04-01 2019-06-30 0001024725 ten:OeValueAddMember ten:RidePerformanceDivisionMember 2020-01-01 2020-06-30 0001024725 ten:OeValueAddMember ten:RidePerformanceDivisionMember 2019-04-01 2019-06-30 0001024725 ten:AftermarketMember ten:CleanAirDivisionMember 2020-04-01 2020-06-30 0001024725 ten:OeSubstrateMember ten:PowertrainMember 2020-04-01 2020-06-30 0001024725 ten:OeSubstrateMember ten:PowertrainMember 2019-01-01 2019-06-30 0001024725 ten:AftermarketMember ten:MotorpartsMember 2019-04-01 2019-06-30 0001024725 ten:OeSubstrateMember 2020-04-01 2020-06-30 0001024725 ten:AftermarketMember 2019-04-01 2019-06-30 0001024725 ten:AftermarketMember ten:PowertrainMember 2019-01-01 2019-06-30 0001024725 ten:AftermarketMember 2020-01-01 2020-06-30 0001024725 ten:AftermarketMember ten:CleanAirDivisionMember 2019-04-01 2019-06-30 0001024725 ten:OeSubstrateMember ten:RidePerformanceDivisionMember 2019-04-01 2019-06-30 0001024725 ten:OeValueAddMember ten:RidePerformanceDivisionMember 2019-01-01 2019-06-30 0001024725 ten:AftermarketMember ten:RidePerformanceDivisionMember 2020-01-01 2020-06-30 0001024725 ten:OeValueAddMember ten:CleanAirDivisionMember 2019-04-01 2019-06-30 0001024725 ten:AftermarketMember ten:CleanAirDivisionMember 2020-01-01 2020-06-30 0001024725 ten:AftermarketMember ten:CleanAirDivisionMember 2019-01-01 2019-06-30 0001024725 ten:OeSubstrateMember ten:PowertrainMember 2020-01-01 2020-06-30 0001024725 ten:OeSubstrateMember 2020-01-01 2020-06-30 0001024725 ten:OeValueAddMember ten:CleanAirDivisionMember 2020-04-01 2020-06-30 0001024725 ten:OeSubstrateMember ten:CleanAirDivisionMember 2020-01-01 2020-06-30 0001024725 ten:OeSubstrateMember ten:CleanAirDivisionMember 2019-04-01 2019-06-30 0001024725 ten:OeSubstrateMember ten:CleanAirDivisionMember 2020-04-01 2020-06-30 0001024725 ten:AftermarketMember ten:PowertrainMember 2020-04-01 2020-06-30 0001024725 ten:OeValueAddMember 2019-04-01 2019-06-30 0001024725 ten:AftermarketMember ten:RidePerformanceDivisionMember 2019-04-01 2019-06-30 0001024725 ten:OeSubstrateMember ten:RidePerformanceDivisionMember 2020-01-01 2020-06-30 0001024725 ten:OeValueAddMember ten:MotorpartsMember 2019-04-01 2019-06-30 0001024725 ten:OeSubstrateMember ten:CleanAirDivisionMember 2019-01-01 2019-06-30 0001024725 ten:OeSubstrateMember ten:PowertrainMember 2019-04-01 2019-06-30 0001024725 ten:AftermarketMember ten:RidePerformanceDivisionMember 2019-01-01 2019-06-30 0001024725 ten:FederalMogulPowertrainOtomotivA.S.TurkeyMember 2020-01-01 2020-06-30 0001024725 ten:FederalMogulPowertrainOtomotivA.S.TurkeyMember 2019-01-01 2019-06-30 0001024725 ten:AnqingTPPowderMetallurgyCo.LtdChinaMember 2020-01-01 2020-06-30 0001024725 ten:PSCMetalsIncMember 2020-01-01 2020-06-30 0001024725 ten:PSCMetalsIncMember 2019-01-01 2019-06-30 0001024725 ten:FrenosHidraulicosAutomotricesS.A.deC.V.MexicoMember 2019-01-01 2019-06-30 0001024725 ten:DongsuhFederalMogulIndustrialCo.Ltd.KoreaMember 2020-01-01 2020-06-30 0001024725 ten:MontagewerkAbgastechnikEmdenGmbHGermanyMember 2019-01-01 2019-06-30 0001024725 ten:FederalMogulTPLinerEuropeOtomotivLtd.Sti.TurkeyMember 2019-01-01 2019-06-30 0001024725 ten:DongsuhFederalMogulIndustrialCo.Ltd.KoreaMember 2019-01-01 2019-06-30 0001024725 ten:AnqingTPGoetzePistonRingCompanyLimitedChinaMember 2019-01-01 2019-06-30 0001024725 ten:MontagewerkAbgastechnikEmdenGmbHGermanyMember 2020-01-01 2020-06-30 0001024725 ten:AnqingTPGoetzePistonRingCompanyLimitedChinaMember 2020-01-01 2020-06-30 0001024725 ten:IcahnAutomotiveGroupLLCMember 2020-01-01 2020-06-30 0001024725 ten:IcahnAutomotiveGroupLLCMember 2019-01-01 2019-06-30 0001024725 ten:FrenosHidraulicosAutomotricesS.A.deC.V.MexicoMember 2020-01-01 2020-06-30 0001024725 ten:FederalMogulTPLinersInc.USAMember 2020-01-01 2020-06-30 0001024725 ten:FederalMogulTPLinersInc.USAMember 2019-01-01 2019-06-30 0001024725 ten:FederalMogulTPLinerEuropeOtomotivLtd.Sti.TurkeyMember 2020-01-01 2020-06-30 0001024725 ten:AnqingTPPowderMetallurgyCo.LtdChinaMember 2019-01-01 2019-06-30 0001024725 ten:PSCMetalsIncMember 2019-04-01 2019-06-30 0001024725 ten:IcahnAutomotiveGroupLLCMember 2020-04-01 2020-06-30 0001024725 ten:MontagewerkAbgastechnikEmdenGmbHGermanyMember 2020-04-01 2020-06-30 0001024725 ten:DongsuhFederalMogulIndustrialCo.Ltd.KoreaMember 2019-04-01 2019-06-30 0001024725 ten:AnqingTPGoetzePistonRingCompanyLimitedChinaMember 2019-04-01 2019-06-30 0001024725 ten:MontagewerkAbgastechnikEmdenGmbHGermanyMember 2019-04-01 2019-06-30 0001024725 ten:FederalMogulPowertrainOtomotivA.S.TurkeyMember 2019-04-01 2019-06-30 0001024725 ten:FederalMogulTPLinerEuropeOtomotivLtd.Sti.TurkeyMember 2020-04-01 2020-06-30 0001024725 ten:FederalMogulTPLinersInc.USAMember 2019-04-01 2019-06-30 0001024725 ten:IcahnAutomotiveGroupLLCMember 2019-04-01 2019-06-30 0001024725 ten:FrenosHidraulicosAutomotricesS.A.deC.V.MexicoMember 2020-04-01 2020-06-30 0001024725 ten:FrenosHidraulicosAutomotricesS.A.deC.V.MexicoMember 2019-04-01 2019-06-30 0001024725 ten:FederalMogulTPLinerEuropeOtomotivLtd.Sti.TurkeyMember 2019-04-01 2019-06-30 0001024725 ten:AnqingTPPowderMetallurgyCo.LtdChinaMember 2019-04-01 2019-06-30 0001024725 ten:AnqingTPGoetzePistonRingCompanyLimitedChinaMember 2020-04-01 2020-06-30 0001024725 ten:FederalMogulPowertrainOtomotivA.S.TurkeyMember 2020-04-01 2020-06-30 0001024725 ten:DongsuhFederalMogulIndustrialCo.Ltd.KoreaMember 2020-04-01 2020-06-30 0001024725 ten:AnqingTPPowderMetallurgyCo.LtdChinaMember 2020-04-01 2020-06-30 0001024725 ten:PSCMetalsIncMember 2020-04-01 2020-06-30 0001024725 ten:FederalMogulTPLinersInc.USAMember 2020-04-01 2020-06-30 0001024725 ten:IcahnAutomotiveGroupLLCMember 2020-06-30 0001024725 ten:MontagewerkAbgastechnikEmdenGmbHGermanyMember 2020-06-30 0001024725 ten:MontagewerkAbgastechnikEmdenGmbHGermanyMember 2019-12-31 0001024725 ten:FederalMogulTPLinersInc.USAMember 2020-06-30 0001024725 ten:AnqingTPGoetzePistonRingCompanyLimitedChinaMember 2020-06-30 0001024725 ten:FederalMogulPowertrainOtomotivA.S.TurkeyMember 2020-06-30 0001024725 ten:FederalMogulPowertrainOtomotivA.S.TurkeyMember 2019-12-31 0001024725 ten:FederalMogulTPLinersInc.USAMember 2019-12-31 0001024725 ten:AnqingTPGoetzePistonRingCompanyLimitedChinaMember 2019-12-31 0001024725 ten:IcahnAutomotiveGroupLLCMember 2019-12-31 0001024725 ten:FarlocArgentinaSAICYFArgentinaMember 2020-06-30 0001024725 ten:DongsuhFederalMogulIndustrialCo.Ltd.KoreaMember 2020-06-30 0001024725 ten:FarlocArgentinaSAICYFArgentinaMember 2019-12-31 0001024725 ten:AnqingTPPowderMetallurgyCo.LtdChinaMember 2020-06-30 0001024725 ten:DongsuhFederalMogulIndustrialCo.Ltd.KoreaMember 2019-12-31 0001024725 ten:AnqingTPPowderMetallurgyCo.LtdChinaMember 2019-12-31 xbrli:pure iso4217:USD xbrli:shares iso4217:USD xbrli:shares ten:LegalMatter ten:reporting_unit iso4217:EUR ten:Segment


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
______________________________________ 
FORM 10-Q
(Mark One)
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the Quarterly Period Ended June 30, 2020
OR
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
Commission file number 1-12387
TENNECO INC.
(Exact name of registrant as specified in its charter)

Delaware
(State or other jurisdiction of
incorporation or organization)

500 North Field Drive, Lake Forest, Illinois
(Address of principal executive offices)

 

76-0515284
(I.R.S. Employer
Identification No.)

60045
(Zip Code)
Registrant’s telephone number, including area code: (847482-5000
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading Symbol
Name of each exchange on which registered
Class A Voting Common Stock, par value $0.01 per share
TEN
New York Stock Exchange
Preferred Stock Purchase Rights
 
New York Stock Exchange
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports) and (2) has been subject to such filing requirements for the past 90 days.  Yes        No  ☐
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).  Yes        No  ☐
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer”, “accelerated filer”, “smaller reporting company” and "emerging growth company" in Rule 12b-2 of the Exchange Act.
Large accelerated filer
 
Accelerated filer
Non-accelerated filer
 
Smaller reporting company 
 
 
 
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).  Yes        No  
Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date.
The number of shares of Class A Voting Common Stock, par value $0.01 per share: 60,953,834 shares outstanding as of August 4, 2020. The number of shares of Class B Non-Voting Common Stock, par value $0.01 per share: 20,308,454 shares outstanding as of August 4, 2020.




TABLE OF CONTENTS
 
 
 
Page
Part I — Financial Information
 
Item 1.
 
 
 
 
 
 
Item 2.
Item 3.
Item 4.
 
 
Part II — Other Information
 
Item 1.
Item 1A.
Item 2.
Item 3.
Defaults Upon Senior Securities
*
Item 4.
Mine Safety Disclosures
*
Item 5.
Other Information
*
Item 6.
 
*
No response to this item is included herein for the reason that it is inapplicable or the answer to such item is negative.

2




CAUTIONARY STATEMENT FOR PURPOSES OF THE “SAFE HARBOR” PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
This report contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 concerning, among other things, our prospects and business strategies. These forward-looking statements are included in various sections of this report. The words “may,” “will,” “believe,” “should,” “could,” “plan,” “expect,” “anticipate,” “estimate,” and similar expressions (and variations thereof), identify these forward-looking statements. Although we believe the expectations reflected in these forward-looking statements are based on reasonable assumptions, these expectations may not prove to be correct. Because these forward-looking statements are also subject to risks and uncertainties, actual results may differ materially from the expectations expressed in the forward-looking statements. Important factors that could cause actual results to differ materially from the expectations reflected in the forward-looking statements include:
general economic, business and market conditions, including the effects of the COVID-19 pandemic;
disasters, local and global public health emergencies or other catastrophic events, such as fires, earthquakes and flooding, pandemics or epidemics (including the COVID-19 pandemic), where we or other customers do business and any resultant disruptions in the supply or production of goods or services to us or by us in demand by our customers or in the operation of our system, disaster recovery capabilities or business continuity capabilities;
our ability (or inability) to successfully execute cost reduction, performance improvement and other plans, including our plans to respond to the COVID-19 pandemic and our previously announced accelerated performance improvement plan ("Accelerate"), and to realize the anticipated benefits from these plans;
changes in capital availability or costs, including increases in our cost of borrowing (i.e., interest rate increases), the amount of our debt, our ability to access capital markets at favorable rates, and the credit ratings of our debt and our financial flexibility to respond to the COVID-19 pandemic;
our ability to maintain compliance with the agreements governing our indebtedness and otherwise have sufficient liquidity through the COVID-19 pandemic;
our ability to comply with the covenants contained in our debt instruments;
our working capital requirements;
our ability to source and procure needed materials, components and other products, and services in accordance with customer demand and at competitive prices;
the cost and outcome of existing and any future claims, legal proceedings or investigations, including, but not limited to, any of the foregoing arising in connection with the ongoing global antitrust investigation, product performance, product safety or intellectual property rights;
changes in consumer demand for our original equipment ("OE") products or aftermarket products, prices and our ability to have our products included on top selling vehicles, including any shifts in consumer preferences away from historically higher margin products for our customers and us, to other lower margin vehicles, for which we may or may not have supply arrangements;
the cyclical nature of the global vehicle industry, including the performance of the global aftermarket sector and the impact of vehicle parts' longer product lives;
changes in automotive and commercial vehicle manufacturers' production rates and their actual and forecasted requirements for our products, due to difficult economic conditions and/or regulatory or legal changes affecting internal combustion engines and/or aftermarket products;
our dependence on certain large customers, including the loss of any of our large OE manufacturer customers (on whom we depend for a substantial portion of our revenues), or the loss of market shares by these customers if we are unable to achieve increased sales to other OE-customers or any change in customer demand due to delays in the adoption or enforcement of worldwide emissions regulations;
new technologies that reduce the demand for certain of our products or otherwise render them obsolete;
our ability to introduce new products and technologies that satisfy customers' needs in a timely fashion;
the overall highly competitive nature of the automotive and commercial vehicle parts industries, and any resultant inability to realize the sales represented by our awarded book of business (which is based on anticipated pricing and volumes over the life of the applicable program);
risks inherent in operating a multi-national company, including economic conditions, such as currency exchange and inflation rates, political conditions in the countries where we operate or sell our products, adverse changes in trade agreements, tariffs, immigration policies, political stability, tax and other laws, and potential disruptions of production and supply;
increasing competition from lower cost, private-label products;

3




damage to the reputation of one or more of our leading brands;
the impact of improvements in automotive parts on aftermarket demand for some of our products;
industry-wide strikes, labor disruptions at our facilities or any labor or other economic disruptions at any of our significant customers or suppliers or any of our customers’ other suppliers;
developments relating to our intellectual property, including our ability to adapt to changes in technology and the availability and effectiveness of legal protection for our innovations and brands;
costs related to product warranties and other customer satisfaction actions;
the failure or breach of our information technology systems, including the consequences of any misappropriation, exposure or corruption of sensitive information stored on such systems and the interruption to our business that such failure or breach may cause;
the impact of consolidation among vehicle parts suppliers and customers on our ability to compete in the highly competitive automotive and commercial vehicle supplier industry;
changes in distribution channels or competitive conditions in the markets and countries where we operate;
the evolution towards autonomous vehicles, and car and ride sharing;
customer acceptance of new products;
our ability to successfully integrate, and benefit from, any acquisitions we complete;
our ability to effectively manage our joint ventures and other third-party relationships;
the potential impairment in the carrying value of our long-lived assets, goodwill, and other intangible assets or the inability to fully realize our deferred tax assets;
the negative impact of fuel price volatility on transportation and logistics costs, raw material costs, discretionary purchases of vehicles or aftermarket products, and demand for off-highway equipment;
increases in the costs of raw materials or components, including our ability to successfully reduce the impact of any such cost increases through materials substitutions, cost reduction initiatives, customer recovery, and other methods;
changes by the Financial Accounting Standards Board ("FASB") or the Securities and Exchange Commission ("SEC") of generally accepted accounting principles or other authoritative guidance;
changes in accounting estimates and assumptions, including changes based on additional information;
any changes by the International Organization for Standardization ("ISO") or other such committees in their certification protocols for processes and products, which may have the effect of delaying or hindering our ability to bring new products to market;
the impact of the extensive, increasing, and changing laws and regulations to which we are subject, including environmental laws and regulations, which may result in our incurrence of environmental liabilities in excess of the amount reserved or increased costs or loss of revenues relating to products subject to changing regulation;
potential volatility in our effective tax rate;
acts of war and/or terrorism, as well as actions taken or to be taken by the United States and other governments as a result of further acts or threats of terrorism, and the impact of these acts on economic, financial, and social conditions in the countries where we operate; 
pension obligations and other postretirement benefits;
our hedging activities to address commodity price fluctuations; and
the timing and occurrence (or non-occurrence) of other transactions, events and circumstances which may be beyond our control.
In addition, this report includes forward-looking statements regarding the Company's ongoing review of strategic alternatives and the potential separation of the Company into a powertrain technology company and an aftermarket and ride performance company. Important factors that could cause actual results to differ materially from the expectations reflected in the forward-looking statements include (in addition to the risks set forth above):
the ability to identify and consummate strategic alternatives that yield additional value for shareholders;
the timing, benefits, and outcome of the Company's strategic review process;
the structure, terms, and specific risk and uncertainties associated with any potential strategic alternative;
potential disruptions in our business and stock price as a result of our exploration, review, and pursuit of any strategic alternatives;
the possibility that the Company may not complete a separation of the aftermarket and ride performance business from the powertrain technology business (or achieve some or all of the anticipated benefits of such a separation);

4




the ability to retain and hire key personnel and maintain relationships with customers, suppliers or other business partners;
the potential diversion of management's attention resulting from a separation;
the risk the combined company and each separate company following a separation will underperform relative to our expectations;
the ongoing transaction costs and risk we may incur greater costs following a separation of the business;
the risk a spin-off is determined to be a taxable transaction;
the risk the benefits of a separation may not be fully realized or may take longer to realize than expected;
the risk a separation may not advance our business strategy; and
the risk a transaction may have an adverse effect on existing arrangements with us, including those related to transition, manufacturing and supply services and tax matters.
The risks included here are not exhaustive. Refer to “Part II, Item 1A — Risk Factors” herein and “Part I, Item 1A — Risk Factors” of our Annual Report on Form 10-K for the year ended December 31, 2019 and our Quarterly Report on Form 10-Q for the quarter ended March 31, 2020 for further discussion regarding our exposure to risks. Additionally, new risk factors emerge from time to time and it is not possible for us to predict all such risk factors, nor to assess the effect such risk factors might have on our business or the extent to which any factor or combination of factors may cause actual results to differ materially from those contained in any forward-looking statements. Given these risks and uncertainties, investors should not place undue reliance on forward-looking statements as a prediction of actual results. Unless otherwise indicated in this report, the forward-looking statements in this report are made as of the date of this report, and, except as required by law, the Company does not undertake any obligation, and disclaims any obligation, to publicly disclose revisions or updates to any forward-looking statements.


5



PART I FINANCIAL INFORMATION

ITEM 1.CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

TENNECO INC.
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) (Unaudited)
(in millions, except share and per share amounts) 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2020
 
2019
 
2020
 
2019
Revenues
 
 
 
 
 
 
 
   Net sales and operating revenues
$
2,637

 
$
4,504

 
$
6,473

 
$
8,988

 
 
 
 
 
 
 
 
Costs and expenses
 
 
 
 
 
 
 
Cost of sales (exclusive of depreciation and amortization)
2,498

 
3,801

 
5,837

 
7,671

Selling, general, and administrative
195

 
292

 
444

 
610

Depreciation and amortization
159

 
169

 
330

 
338

Engineering, research, and development
55

 
78

 
132

 
170

Restructuring charges, net and asset impairments
121

 
49

 
605

 
65

Goodwill and intangible impairment charges

 

 
383

 
60

 
3,028

 
4,389

 
7,731

 
8,914

Other income (expense)
 
 
 
 
 
 
 
Non-service pension and other postretirement benefit (costs) credits
1

 
(4
)
 
2

 
(6
)
Equity in earnings (losses) of nonconsolidated affiliates, net of tax
4

 
17

 
17

 
33

Other income (expense), net
11

 
13

 
19

 
16

 
16

 
26

 
38

 
43

Earnings (loss) before interest expense, income taxes, and noncontrolling interests
(375
)
 
141

 
(1,220
)
 
117

Interest expense
(66
)
 
(82
)
 
(141
)
 
(163
)
Earnings (loss) before income taxes and noncontrolling interests
(441
)
 
59

 
(1,361
)
 
(46
)
Income tax (expense) benefit
101

 
(14
)
 
195

 
(14
)
Net income (loss)
(340
)
 
45

 
(1,166
)
 
(60
)
Less: Net income (loss) attributable to noncontrolling interests
10

 
19

 
23

 
31

Net income (loss) attributable to Tenneco Inc.
$
(350
)
 
$
26

 
$
(1,189
)
 
$
(91
)
Earnings (loss) per share
 
 
 
 
 
 
 
Basic earnings (loss) per share:
 
 
 
 
 
 
 
Earnings (loss) per share
$
(4.30
)
 
$
0.32

 
$
(14.64
)
 
$
(1.13
)
Weighted average shares outstanding
81,350,773

 
80,920,825

 
81,259,667

 
80,897,731

Diluted earnings (loss) per share:
 
 
 
 
 
 
 
Earnings (loss) per share
$
(4.30
)
 
$
0.32

 
$
(14.64
)
 
$
(1.13
)
Weighted average shares outstanding
81,350,773

 
80,920,825

 
81,259,667

 
80,897,731

See accompanying notes to the condensed consolidated financial statements.

6




TENNECO INC.
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Unaudited)
(in millions)
 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2020
 
2019
 
2020
 
2019
Net income (loss)
$
(340
)
 
$
45

 
$
(1,166
)
 
$
(60
)
Other comprehensive income (loss), net of tax:
 
 
 
 
 
 
 
Foreign currency translation adjustment
42

 
(18
)
 
(177
)
 
17

Cash flow hedges
4

 
(3
)
 
2

 
1

Defined benefit plans
(5
)
 
(2
)
 
(1
)
 
(1
)
 
41

 
(23
)
 
(176
)
 
17

Comprehensive income (loss)
(299
)
 
22

 
(1,342
)
 
(43
)
Less: Comprehensive income (loss) attributable to noncontrolling interests
17

 
18

 
10

 
36

Comprehensive income (loss) attributable to common shareholders
$
(316
)
 
$
4

 
$
(1,352
)
 
$
(79
)
See accompanying notes to the condensed consolidated financial statements.




7





TENNECO INC.
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited)
(in millions, except shares)
 
June 30,
2020
 
December 31,
2019
ASSETS
Current assets:
 
 
 
Cash and cash equivalents
$
1,362

 
$
564

Restricted cash
9

 
2

Receivables:
 
 
 
Customer notes and accounts, net
2,100

 
2,438

Other
85

 
100

Inventories
1,656

 
1,999

Prepayments and other current assets
632

 
632

Total current assets
5,844

 
5,735

Property, plant, and equipment, net
2,939

 
3,627

Long-term receivables, net
10

 
10

Goodwill
505

 
775

Intangibles, net
1,239

 
1,422

Investments in nonconsolidated affiliates
513

 
518

Deferred income taxes
818

 
607

Other assets
527

 
532

Total assets
$
12,395

 
$
13,226

LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
 
 
 
Short-term debt, including current maturities of long-term debt
$
222

 
$
185

Accounts payable
1,992

 
2,647

Accrued compensation and employee benefits
331

 
325

Accrued income taxes
48

 
72

Accrued expenses and other current liabilities
1,043

 
1,070

Total current liabilities
3,636

 
4,299

Long-term debt
6,629

 
5,371

Deferred income taxes
88

 
106

Pension and postretirement benefits
1,112

 
1,145

Deferred credits and other liabilities
502

 
490

Commitments and contingencies (Note 13)


 


Total liabilities
11,967

 
11,411

Redeemable noncontrolling interests
79

 
196

Tenneco Inc. shareholders’ equity:
 
 
 
Preferred stock — $0.01 par value; none issued

 

Class A voting stock — $0.01 par value; shares issued: June 30, 2020 — 75,546,691 and December 31, 2019 — 71,727,061
1

 
1

Class B non-voting convertible stock — $0.01 par value; shares issued: June 30, 2020 — 20,308,454 and December 31, 2019 — 23,793,669

 

Additional paid-in capital
4,433

 
4,432

Accumulated other comprehensive loss
(874
)
 
(711
)
Accumulated deficit
(2,556
)
 
(1,367
)
 
1,004

 
2,355

Shares held as treasury stock — at cost: June 30, 2020 and December 31, 2019 — 14,592,888
(930
)
 
(930
)
Total Tenneco Inc. shareholders’ equity
74

 
1,425

Noncontrolling interests
275

 
194

Total equity
349

 
1,619

Total liabilities, redeemable noncontrolling interests and equity
$
12,395

 
$
13,226

See accompanying notes to the condensed consolidated financial statements.

8



TENNECO INC.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)
(in millions)
 
Six Months Ended June 30,
 
2020
 
2019
Operating Activities
 
 
 
Net income (loss)
$
(1,166
)
 
$
(60
)
Adjustments to reconcile net income (loss) to cash (used) provided by operating activities:
 
 
 
Goodwill and intangible impairment charges
383

 
60

Depreciation and amortization
330

 
338

Deferred income taxes
(242
)
 
(14
)
Stock-based compensation
9

 
13

Restructuring charges and asset impairments, net of cash paid
540

 
14

Change in pension and other postretirement benefit plans
(26
)
 
(32
)
Equity in earnings of nonconsolidated affiliates
(17
)
 
(33
)
Cash dividends received from nonconsolidated affiliates
18

 
27

Loss (gain) on sale of assets
(1
)
 
(1
)
Changes in operating assets and liabilities:
 
 
 
Receivables
174

 
(401
)
Inventories
292

 
101

Payables and accrued expenses
(540
)
 
48

Accrued interest and accrued income taxes
(17
)
 
(66
)
Other assets and liabilities
(68
)
 
(94
)
Net cash (used) provided by operating activities
(331
)
 
(100
)
Investing Activities
 
 
 
Acquisitions, net of cash acquired

 
(158
)
Proceeds from sale of assets
5

 
5

Net proceeds from sale of business

 
22

Cash payments for property, plant, and equipment
(212
)
 
(379
)
Proceeds from deferred purchase price of factored receivables
91

 
147

Other
1

 
(1
)
Net cash (used) provided by investing activities
(115
)
 
(364
)
Financing Activities
 
 
 
Proceeds from term loans and notes
96

 
111

Repayments of term loans and notes
(133
)
 
(190
)
Debt issuance costs of long-term debt
(16
)
 

Borrowings on revolving lines of credit
4,821

 
4,525

Payments on revolving lines of credit
(3,536
)
 
(4,254
)
Issuance (repurchase) of common shares
(1
)
 
(2
)
Cash dividends

 
(20
)
Net increase (decrease) in bank overdrafts
59

 
(8
)
Other
(1
)
 
(1
)
Distributions to noncontrolling interest partners
(2
)
 
(20
)
Net cash (used) provided by financing activities
1,287

 
141

Effect of foreign exchange rate changes on cash, cash equivalents, and restricted cash
(36
)
 
11

Increase (decrease) in cash, cash equivalents, and restricted cash
805

 
(312
)
Cash, cash equivalents, and restricted cash, beginning of period
566

 
702

Cash, cash equivalents, and restricted cash, end of period
$
1,371

 
$
390

Supplemental Cash Flow Information
 
 
 
Cash paid during the period for interest
$
123

 
$
145

Cash paid during the period for income taxes, net of refunds
$
75

 
$
100

Lease assets obtained in exchange for new operating lease liabilities
$
54

 
$
33

Non-cash inventory charge due to aftermarket product line exit
$
82

 
$

Non-cash Investing Activities
 
 
 
Period end balance of accounts payable for property, plant, and equipment
$
86

 
$
116

Deferred purchase price of receivables factored in the period
$
95

 
$
52

Reduction in assets from redeemable noncontrolling interest transaction with owner
$
53

 
$

See accompanying notes to the condensed consolidated financial statements.

9




TENNECO INC.
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY (Unaudited)
(in millions)
 
Tenneco Inc. Shareholders' equity
 
 
 
$0.01 Par Value Common Stock
 
Treasury Stock
 
Additional Paid-In Capital
 
Accumulated Deficit
 
Accumulated Other Comprehensive Income (Loss)
 
Total Tenneco Inc. Shareholders' Equity
 
Noncontrolling Interests
 
Total Equity
Balance at December 31, 2019
$
1

 
$
(930
)
 
$
4,432

 
$
(1,367
)
 
$
(711
)
 
$
1,425

 
$
194

 
$
1,619

Net income (loss)
 
 
 
 
 
 
(839
)
 
 
 
(839
)
 
2

 
(837
)
Other comprehensive income (loss)—net of tax:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Foreign currency translation adjustments
 
 
 
 
 
 
 
 
(199
)
 
(199
)
 
(13
)
 
(212
)
Derivatives
 
 
 
 
 
 
 
 
(2
)
 
(2
)
 

 
(2
)
Defined benefit plans
 
 
 
 
 
 
 
 
4

 
4

 

 
4

Comprehensive income (loss)
 
 
 
 
 
 
 
 
 
 
(1,036
)
 
(11
)
 
(1,047
)
Stock-based compensation, net

 

 
2

 

 

 
2

 

 
2

Reclassification of redeemable noncontrolling interest to permanent equity

 

 

 

 

 

 
82

 
82

Redeemable noncontrolling interest transaction with owner

 

 
(7
)
 

 

 
(7
)
 

 
(7
)
Balance at March 31, 2020
1

 
(930
)
 
4,427

 
(2,206
)
 
(908
)
 
384

 
265

 
649

Net income (loss)
 
 
 
 
 
 
(350
)
 
 
 
(350
)
 
6

 
(344
)
Other comprehensive income (loss)—net of tax:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Foreign currency translation adjustments
 
 
 
 
 
 
 
 
35

 
35

 
4

 
39

Derivatives
 
 
 
 
 
 
 
 
4

 
4

 

 
4

Defined benefit plans
 
 
 
 
 
 
 
 
(5
)
 
(5
)
 

 
(5
)
Comprehensive income (loss)
 
 
 
 
 
 
 
 
 
 
(316
)
 
10

 
(306
)
Stock-based compensation, net

 

 
6

 

 

 
6

 

 
6

Balance as of June 30, 2020
$
1

 
$
(930
)
 
$
4,433

 
$
(2,556
)
 
$
(874
)
 
$
74

 
$
275

 
$
349





























10




TENNECO INC.
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY (Unaudited)
(in millions)
 
Tenneco Inc. Shareholders' equity
 
 
 
$0.01 Par Value Common Stock
 
Treasury Stock
 
Additional Paid-In Capital
 
Accumulated Deficit
 
Accumulated Other Comprehensive Income (Loss)
 
Total Tenneco Inc. Shareholders' Equity
 
Noncontrolling Interests
 
Total Equity
Balance at December 31, 2018
$
1

 
$
(930
)
 
$
4,360

 
$
(1,013
)
 
$
(692