Long-Term Debt, Short-Term Debt and Financing Arrangements (Tables)

12 Months Ended

Dec. 31, 2011

Long-Term Debt, Short-Term Debt and Financing Arrangements [Abstract]

Summary of long-term debt obligations

	2011		2010
	(Millions)
Tenneco Inc. —
Revolver borrowings due 2014, average effective interest rate 5.3% in 2011 and 5.4% in 2010	$	24	$	—
Senior Term Loan due 2012 through 2016, average effective interest rate 4.9% in 2011 and 5.1% in 2010		148		149
7 3/ 4% Senior Notes due 2018		225		225
6 7/ 8% Senior Notes due 2020		500		500
8 5/ 8% Senior Subordinated Notes due 2014(a)		—		20
8 1/ 8% Senior Notes due 2015		250		250
Debentures due 2012 through 2025, average effective interest rate 8.4% in 2011 and 2010		1		1
Customer Notes due 2013, average effective interest rate 8.0% in 2011 and 2010		3		4
Other subsidiaries —
Notes due 2012 through 2025, average effective interest rate 1.3% in 2011 and 3.0% in 2010		11		13
		1,162		1,162
Less — maturities classified as current		4		2
Total long-term debt	$	1,158	$	1,160

(a) On January 7, 2011, we redeemed the remaining $20 million 8 ⁵/8 percent senior subordinated notes by increasing our revolver borrowings which are classified as long-term debt.

Summary of short-term debt obligations

	2011		2010
	(Millions)
Maturities classified as current	$	4	$	2
Notes payable		62		61
Total short-term debt	$	66	$	63

Financing Arrangements

	Committed Credit Facilities(a) as of December 31, 2011
	Term		Commitments		Borrowings		Letters  of Credit(b)		Available
	(Millions)
Tenneco Inc. revolving credit agreement		2014		622		—		58		564
Tenneco Inc. tranche B-1 letter of credit/revolving loan agreement		2014		130		24		—		106
Tenneco Inc. Senior Term Loans		2016		148		148		—		—
Subsidiaries’ credit agreements		2012-2025		88		73		—		15
			$	988	$	245	$	58	$	685

(a) We generally are required to pay commitment fees on the unused portion of the total commitment.

(b) Letters of credit reduce the available borrowings under the revolving credit agreement.

Senior Credit Facility-Interest Rates and Fees

	8/14/2009 thru 2/28/2010			3/1/2010 thru 6/2/2010			6/3/2010 thru 2/27/2011			2/28/2011 thru 5/15/2011			5/16/2011 thru 8/7/2011			Beginning 8/8/2011
Applicable Margin over:
LIBOR for Revolving Loans		5.50	%		4.50	%		4.50	%		4.25	%		4.50	%		4.25	%*
LIBOR for Term Loan B Loans		—			—			4.75	%		4.50	%		4.75	%		4.50	%*
LIBOR for Term Loan A Loans		5.50	%		4.50	%		—			—			—			—
LIBOR for Tranche B-1 Loans		5.50	%		5.00	%		5.00	%		5.00	%		5.00	%		5.00	%
Prime-based Term Loan A Loans		4.50	%		3.50	%		—			—			—			—
Prime for Revolving Loans		—			—			3.50	%		3.25	%		3.50	%		3.25	%*
Prime for Term Loan B Loans		—			—			3.75	%		3.50	%		3.75	%		3.50	%*
Prime for Tranche B-1 Loans		—			—			4.00	%		4.00	%		4.00	%		4.00	%
Federal Funds for Revolving Loans		—			—			3.50	%		3.25	%		3.50	%		3.25	%*
Federal Funds for Term Loan B Loans		—			—			3.75	%		3.50	%		3.75	%		3.50	%*
Federal Funds for Tranche B-1 Loans		5.00	%		4.00	%		4.00	%		4.00	%		4.00	%		4.00	%
Commitment Fee		0.75	%		0.50	%		0.75	%		0.50	%		0.75	%		0.50	%*

* In February 2012, the margin we pay on borrowings will decrease by 25 basis points, as a result of a decrease in our consolidated net leverage ratio from 2.07 at September 30, 2011 to 1.88 at December 31, 2011.

Financial ratios under senior credit facility

	Quarter Ended
	March 31, 2011				June 30, 2011				September 30, 2011				December 31, 2011
	Req.		Act.		Req.		Act.		Req.		Act.		Req.		Act.
Leverage Ratio (maximum)		4.00		2.32		3.75		2.17		3.50		2.07		3.50		1.88
Interest Coverage Ratio (minimum)		2.55		4.37		2.55		4.76		2.55		5.17		2.55		5.69

Proforma Consolidated Leverage Ratio

Pro forma Consolidated Leverage Ratio	Aggregate Senior Note Maximum Amount
	(Millions)
Greater than or equal to 3.0x		$  20
Greater than or equal to 2.5x		$100
Less than 2.5x		$125