Consolidated Balance Sheets - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Current assets:
Cash and cash equivalents	$ 943	$ 1,201
Accounts and notes receivable, net	674	861
Inventories	1,079	1,147
Prepaid expenses and other	81	84
Total current assets	2,777	3,293
Property, plant, and equipment	9,413	8,992
Less: Accumulated depreciation	(5,854)	(5,701)
Property, plant, and equipment, net	3,559	3,291
Operating lease right-of-use assets	294
Goodwill and other intangible assets, net	174	181
Investments in affiliates	162	160
Other assets	292	437
Total assets	7,258	7,362
Current liabilities:
Accounts payable	923	1,137
Short-term and current maturities of long-term debt	134	13
Other accrued liabilities	484	559
Total current liabilities	1,541	1,709
Long-term debt, net	4,026	3,959
Operating lease liabilities	245
Deferred income taxes	118	217
Other liabilities	633	457
Total liabilities	6,563	6,342
Commitments and contingent liabilities
Equity
Common stock (par value $0.01 per share; 810,000,000 shares authorized; 188,893,478 shares issued and 163,574,243 shares outstanding at December 31, 2019; 187,204,567 shares issued and 170,780,474 shares outstanding at December 31, 2018)	2	2
Treasury stock, at cost (25,319,235 shares at December 31, 2019; 16,424,093 shares at December 31, 2018)	(1,072)	(750)
Additional paid-in capital	859	860
Retained earnings	1,249	1,466
Accumulated other comprehensive loss	(349)	(564)
Total Chemours stockholders’ equity	689	1,014
Non-controlling interests	6	6
Total equity	695	1,020
Total liabilities and equity	$ 7,258	$ 7,362

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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- Definition

Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).