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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2021
Dec. 31, 2020
Current Assets    
Cash and cash equivalents $ 759 $ 619
Restricted cash 8 29
Accounts receivable (net of allowance for credit losses of $5 million and $5 million as of March 31, 2021 and December 31, 2020, respectively) 652 540
Inventories, net 1,052 1,137
Prepaid and other assets 163 200
Income taxes receivable 6 4
Total current assets 2,640 2,529
Noncurrent Assets    
Property, plant and equipment, net 1,710 1,759
Mineral leaseholds, net 795 803
Intangible assets, net 201 201
Lease right of use assets, net 78 81
Deferred tax assets 1,022 1,020
Other long-term assets 177 175
Total assets 6,623 6,568
Current Liabilities    
Accounts payable 378 356
Accrued liabilities 308 350
Short-term lease liabilities 43 39
Long-term debt due within one year 514 58
Income taxes payable 11 2
Total current liabilities 1,254 805
Noncurrent Liabilities    
Long-term debt, net 2,901 3,263
Pension and postretirement healthcare benefits 144 146
Asset retirement obligations 156 157
Environmental liabilities 66 67
Long-term lease liabilities 33 41
Deferred tax liabilities 179 176
Other long-term liabilities 33 42
Total liabilities 4,766 4,697
Commitments and Contingencies - Note 14
Shareholders’ Equity    
Tronox Holdings plc ordinary shares, par value $0.01 — 153,257,799 shares issued and outstanding at March 31, 2021 and 143,557,479 shares issued and outstanding at December 31, 2020 2 1
Capital in excess of par value 2,038 1,873
Retained earnings 440 434
Accumulated other comprehensive loss (668) (610)
Total Tronox Holdings plc shareholders’ equity 1,812 1,698
Noncontrolling interest 45 173
Total equity 1,857 1,871
Total liabilities and equity $ 6,623 $ 6,568