Financials (10-K)

Part II – Statements of changes in shareholders' equity for each of the three years in the period ended December 31, 2011


TENNECO INC.
CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY

Year Ended December 31,   2011     2010     2009  
    Shares     Amount     Shares     Amount     Shares     Amount  
(Millions Except Share Amounts)      
Common Stock                                                
Balance January 1     61,541,760     $ 1       60,789,739     $ 1       48,314,490     $  
Issued                             12,000,000       1  
Issued pursuant to benefit plans     49,871             142,643             283,195        
Stock options exercised     509,704             609,378             192,054        
Balance December 31     62,101,335       1       61,541,760       1       60,789,739       1  
                                                 
Premium on Common Stock and Other
Capital Surplus
                                               
Balance January 1             3,008               3,005               2,809  
Purchase of additional noncontrolling equity interest             (2 )             (11 )              
Premium on common stock issued                                         188  
Premium on common stock issued pursuant to benefit plans             10               14               8  
Balance December 31             3,016               3,008               3,005  
                                                 
Accumulated Other Comprehensive Loss                                                
Balance January 1             (237 )             (212 )             (318 )
Other comprehensive income (loss)             (145 )             (25 )             106  
Balance December 31             (382 )             (237 )             (212 )
                                                 
Retained Earnings (Accumulated Deficit)                                                
Balance January 1             (2,536 )             (2,575 )             (2,502 )
Net income (loss) attributable to Tenneco Inc.             157               39               (73 )
Balance December 31             (2,379 )             (2,536 )             (2,575 )
                                                 
Less — Common Stock Held as Treasury Stock,
at Cost
                                               
Balance January 1     1,294,692       240       1,294,692       240       1,294,692       240  
Purchase of common stock through stock repurchase program     400,000       16                        
Balance December 31     1,694,692       256       1,294,692       240       1,294,692       240  
Total Tenneco Inc. shareholders' equity           $           $ (4 )           $ (21 )
                                                 
Noncontrolling interests:                                                
Balance January 1             39               32               24  
Net income             19               16               13  
Sale of twenty percent equity
interest to Tenneco Inc. 
                        (4 )              
Other comprehensive income (loss)             (1 )             3                
Dividends declared             (14 )             (8 )             (5 )
Balance December 31           $ 43             $ 39             $ 32  
Total equity           $ 43             $ 35             $ 11  

The accompanying notes to consolidated financial statements are an integral part of these statements of changes in shareholders’ equity.