Financials (10-K): Part II – Statements of changes in shareholders’ equity for each of the three years in the period ended December 31, 2009


TENNECO INC.
CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY

Year Ended December 31,   2009     2008     2007  
    Shares     Amount     Shares     Amount     Shares     Amount  
(Millions Except Share Amounts)      
Common Stock                                                
Balance January 1     48,314,490     $       47,892,532     $       47,085,274     $  
Issued     12,000,000       1                          
Issued (Reacquired) pursuant to benefit plans     283,195             238,982             209,558        
Stock options exercised     192,054             182,976             597,700        
Balance December 31     60,789,739       1       48,314,490             47,892,532        
                                                 
Premium on Common Stock and Other Capital Surplus                                                
Balance January 1             2,809               2,800               2,790  
Premium on common stock issued             188                              
Premium on common stock issued pursuant to benefit plans             8               9               10  
Balance December 31             3,005               2,809               2,800  
                                                 
Accumulated Other Comprehensive Loss                                                
Balance January 1             (318 )             (73 )             (252 )
Measurement date implementation of Statement of Accounting Standards Codification (ASC) 715, net of tax of $7 million                                         14  
Other comprehensive income (loss)             106               (245 )             165  
Balance December 31             (212 )             (318 )             (73 )
                                                 
Retained Earnings (Accumulated Deficit)                                                
Balance January 1             (2,502 )             (2,087 )             (2,072 )
Net income (loss) attributable to Tenneco Inc.             (73 )             (415 )             (5 )
Measurement date implementation ASC 715, net of tax of $2 million                                         (8 )
Other                                         (2 )
Balance December 31             (2,575 )             (2,502 )             (2,087 )
                                                 
Less — Common Stock Held as Treasury Stock, at Cost                                                
Balance January 1 and December 31     1,294,692       240       1,294,692       240       1,294,692       240  
Total Tenneco Inc. shareholders’ equity           $ (21 )           $ (251 )           $ 400  
                                                 
Noncontrolling interests:                                                
Balance January 1             24               25               24  
Net income attributable to noncontrolling interests             13               6               7  
Dividends declared             (5 )             (7 )             (6 )
Balance December 31           $ 32             $ 24             $ 25  
Total equity           $ 11             $ (227 )           $ 425  

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