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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) (Unaudited) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenues        
Net sales and operating revenues $ 4,332 $ 4,256 $ 13,646 $ 10,729
Costs and expenses        
Cost of sales (exclusive of depreciation and amortization) 3,776 3,610 11,810 9,447
Selling, general, and administrative 240 214 764 658
Depreciation and amortization 147 151 447 481
Engineering, research, and development 71 67 216 199
Restructuring charges, net and asset impairments (4) 17 48 622
Goodwill and intangible impairment charges 0 0 0 383
Costs and expenses 4,230 4,059 13,285 11,790
Other income (expense)        
Non-service pension and postretirement benefit (costs) credits 4 18 10 20
Equity in earnings (losses) of nonconsolidated affiliates, net of tax 10 9 47 26
Gain (loss) on extinguishment of debt 0 0 8 0
Other income (expense), net 9 12 30 31
Total other expense (income) 23 39 95 77
Earnings (loss) before interest expense, income taxes, and noncontrolling interests 125 236 456 (984)
Interest expense (66) (68) (205) (209)
Earnings (loss) before income taxes and noncontrolling interests 59 168 251 (1,193)
Income tax (expense) benefit (34) (648) (122) (453)
Net income (loss) 25 (480) 129 (1,646)
Less: Net income (loss) attributable to noncontrolling interests 10 19 59 42
Net income (loss) attributable to Tenneco Inc. $ 15 $ (499) $ 70 $ (1,688)
Basic earnings (loss) per share:        
Earnings (loss) per share (in dollars per share) $ 0.17 $ (6.12) $ 0.85 $ (20.75)
Weighted average shares outstanding (in shares) 82,310,645 81,456,821 82,171,755 81,325,385
Diluted earnings (loss) per share:        
Earnings (loss) per share (in dollars per share) $ 0.17 $ (6.12) $ 0.83 $ (20.75)
Weighted average shares outstanding (in shares) 84,103,606 81,456,821 83,475,736 81,325,385