Financials (10-K)

Part II – Statements of comprehensive income (loss) for each of the three years in the period ended December 31, 2011


TENNECO INC.
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

Year Ended December 31, 2011 Tenneco Inc.     Noncontrolling interests     Total  
  Accumulated Other Comprehensive Income (Loss)     Comprehensive Income (Loss)     Accumulated Other Comprehensive Income (Loss)     Comprehensive Income (Loss)     Accumulated Other Comprehensive Income (Loss)     Comprehensive Income (Loss)  
(Millions)                    
Net Income         $ 157             $ 26             $ 183  
Accumulated Other Comprehensive Income (Loss)                                              
Cumulative Translation Adjustment                                              
Balance January 1 $ 8             $ 5             $ 13          
Translation of foreign currency statements   (38 )     (38 )     (1 )     (1 )     (39 )     (39 )
Balance December 31   (30 )             4               (26 )        
Additional Liability for Pension and Postretirement Benefits                                              
Balance January 1   (250 )                           (250 )        
Additional liability for pension and postretirement benefits, net of tax   (102 )     (102 )                     (102 )     (102 )
Balance December 31   (352 )                             (352 )        
Balance December 31 $ (382 )           $ 4             $ (378 )        
Other comprehensive income (loss)           (140 )             (1 )             (141 )
Comprehensive Income         $ 17             $ 25             $ 42  

The accompanying notes to consolidated financial statements are an integral part of these statements of comprehensive income.

 

 

Year Ended December 31, 2010 Tenneco Inc.     Noncontrolling interests     Total  
  Accumulated Other Comprehensive Income (Loss)     Comprehensive Income (Loss)     Accumulated Other Comprehensive Income (Loss)     Comprehensive Income (Loss)     Accumulated Other Comprehensive Income (Loss)     Comprehensive Income (Loss)  
(Millions)                    
Net Income         $ 39             $ 24             $ 63  
Accumulated Other Comprehensive Income (Loss)                                              
Cumulative Translation Adjustment                                              
Balance January 1 $ 37             $             $ 37          
Translation of foreign currency statements   (29 )     (29 )     5       5       (24 )     (24 )
Balance December 31   8               5               13          
Additional Liability for Pension and Postretirement Benefits                                              
Balance January 1   (249 )                           (249 )        
Additional liability for pension and postretirement benefits, net of tax   (1 )     (1 )                     (1 )     (1 )
Balance December 31   (250 )                             (250 )        
Balance December 31 $ (242 )           $ 5             $ (237 )        
Other comprehensive income (loss)           (30 )             5               (25 )
Comprehensive Income         $ 9             $ 29             $ 38  

The accompanying notes to consolidated financial statements are an integral part of these statements of comprehensive income.

 

 

Year Ended December 31, 2009 Tenneco Inc.     Noncontrolling interests     Total  
  Accumulated Other Comprehensive Income (Loss)     Comprehensive Income (Loss)     Accumulated Other Comprehensive Income (Loss)     Comprehensive Income (Loss)     Accumulated Other Comprehensive Income (Loss)     Comprehensive Income (Loss)  
(Millions)                    
Net Income (Loss)         $ (73 )           $ 19             $ (54 )
Accumulated Other Comprehensive Income (Loss)                                              
Cumulative Translation Adjustment                                              
Balance January 1 $ (42 )           $             $ (42 )        
Translation of foreign currency statements   79       79                   79       79  
Balance December 31   37                             37          
Additional Liability for Pension and Postretirement Benefits                                              
Balance January 1   (276 )                           (276 )        
Additional liability for pension and postretirement benefits, net of tax of $1 million   27       27                       27       27  
Balance December 31   (249 )                             (249 )        
Balance December 31 $ (212 )           $             $ (212 )        
Other comprehensive income (loss)           106                             106  
Comprehensive Income         $ 33             $ 19             $ 52  

The accompanying notes to consolidated financial statements are an integral part of these statements of comprehensive income.