TENNECO INC.
CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’
EQUITY
| Year
Ended December 31, |
|
2008 |
|
|
2007 |
|
|
2006 |
|
| |
|
Shares |
|
|
Amount |
|
|
Shares |
|
|
Amount |
|
|
Shares |
|
|
Amount |
|
| (Millions
Except Share Amounts) |
|
|
|
| Common Stock |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Balance January 1 |
|
|
47,892,532 |
|
|
$ |
— |
|
|
|
47,085,274 |
|
|
$ |
— |
|
|
|
45,544,668 |
|
|
$ |
— |
|
| Issued (Reacquired)
pursuant to benefit plans |
|
|
238,982 |
|
|
|
— |
|
|
|
209,558 |
|
|
|
— |
|
|
|
(104,240 |
) |
|
|
— |
|
| Stock options
exercised |
|
|
182,976 |
|
|
|
— |
|
|
|
597,700 |
|
|
|
— |
|
|
|
1,644,846 |
|
|
|
— |
|
| Balance December 31 |
|
|
48,314,490 |
|
|
|
— |
|
|
|
47,892,532 |
|
|
|
— |
|
|
|
47,085,274 |
|
|
|
— |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Premium on Common
Stock and Other Capital Surplus |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Balance January 1 |
|
|
|
|
|
|
2,800 |
|
|
|
|
|
|
|
2,790 |
|
|
|
|
|
|
|
2,776 |
|
| Premium on common
stock issued pursuant to benefit plans |
|
|
|
|
|
|
9 |
|
|
|
|
|
|
|
10 |
|
|
|
|
|
|
|
14 |
|
| Balance December 31 |
|
|
|
|
|
|
2,809 |
|
|
|
|
|
|
|
2,800 |
|
|
|
|
|
|
|
2,790 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Accumulated Other
Comprehensive Loss |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Balance January 1 |
|
|
|
|
|
|
(73 |
) |
|
|
|
|
|
|
(252 |
) |
|
|
|
|
|
|
(281 |
) |
| Adoption of
recognition provision of Statement of Financial Accounting Standard (SFAS)
No. 158, net of tax of $31 million |
|
|
|
|
|
|
— |
|
|
|
|
|
|
|
— |
|
|
|
|
|
|
|
(59 |
) |
| Measurement date
implementation of SFAS No. 158, net of tax of $7 million |
|
|
|
|
|
|
— |
|
|
|
|
|
|
|
14 |
|
|
|
|
|
|
|
— |
|
| Other comprehensive
income (loss) |
|
|
|
|
|
|
(245 |
) |
|
|
|
|
|
|
165 |
|
|
|
|
|
|
|
88 |
|
| Balance December 31 |
|
|
|
|
|
|
(318 |
) |
|
|
|
|
|
|
(73 |
) |
|
|
|
|
|
|
(252 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Retained Earnings
(Accumulated Deficit) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Balance January 1 |
|
|
|
|
|
|
(2,087 |
) |
|
|
|
|
|
|
(2,072 |
) |
|
|
|
|
|
|
(2,118 |
) |
| Net income (loss) |
|
|
|
|
|
|
(415 |
) |
|
|
|
|
|
|
(5 |
) |
|
|
|
|
|
|
49 |
|
| Measurement date
implementation of SFAS No. 158, net of tax of $2 million |
|
|
|
|
|
|
— |
|
|
|
|
|
|
|
(8 |
) |
|
|
|
|
|
|
— |
|
| Other |
|
|
|
|
|
|
— |
|
|
|
|
|
|
|
(2 |
) |
|
|
|
|
|
|
(3 |
) |
| Balance December 31 |
|
|
|
|
|
|
(2,502 |
) |
|
|
|
|
|
|
(2,087 |
) |
|
|
|
|
|
|
(2,072 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 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 |
|
|
|
|
|
$ |
(251 |
) |
|
|
|
|
|
$ |
400 |
|
|
|
|
|
|
$ |
226 |
|
The accompanying notes to consolidated financial
statements are an integral
part of these statements of changes in shareholders’ equity.
|
