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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) (Unaudited) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenues        
Net sales and operating revenues $ 4,256 $ 4,319 $ 10,729 $ 13,307
Costs and expenses        
Cost of sales (exclusive of depreciation and amortization) 3,610 3,660 9,447 11,331
Selling, general, and administrative 214 252 658 862
Depreciation and amortization 151 165 481 503
Engineering, research, and development 67 78 199 248
Restructuring charges, net and asset impairments 17 33 622 98
Goodwill and intangible impairment charges 0 9 383 69
Costs and expenses 4,059 4,197 11,790 13,111
Other income (expense)        
Non-service pension and other postretirement benefit (costs) credits 18 (2) 20 (8)
Equity in earnings (losses) of nonconsolidated affiliates, net of tax 9 1 26 34
Other income (expense), net 12 27 31 43
Total other expense (income) 39 26 77 69
Earnings (loss) before interest expense, income taxes, and noncontrolling interests 236 148 (984) 265
Interest expense (68) (79) (209) (242)
Earnings (loss) before income taxes and noncontrolling interests 168 69 (1,193) 23
Income tax (expense) benefit (648) 9 (453) (5)
Net income (loss) (480) 78 (1,646) 18
Less: Net income (loss) attributable to noncontrolling interests 19 8 42 39
Net income (loss) attributable to Tenneco Inc. $ (499) $ 70 $ (1,688) $ (21)
Basic earnings (loss) per share:        
Earnings (loss) per share (in dollars per share) $ (6.12) $ 0.87 $ (20.75) $ (0.25)
Weighted average shares outstanding (in shares) 81,456,821 80,916,676 81,325,385 80,903,967
Diluted earnings (loss) per share:        
Earnings (loss) per share (in dollars per share) $ (6.12) $ 0.87 $ (20.75) $ (0.25)
Weighted average shares outstanding (in shares) 81,456,821 80,916,676 81,325,385 80,903,967