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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Current Assets    
Cash and cash equivalents $ 164 $ 228
Restricted cash 0 4
Accounts receivable (net of allowance of $4 in 2022 and $4 in 2021) 377 631
Inventories, net 1,278 1,048
Prepaid and other assets 135 132
Income taxes receivable 6 6
Total current assets 1,960 2,049
Noncurrent Assets    
Property, plant and equipment, net 1,830 1,710
Mineral leaseholds, net 701 747
Intangible assets, net 250 217
Lease right of use assets, net 136 85
Deferred tax assets 1,233 985
Other long-term assets 196 194
Total assets 6,306 5,987
Current Liabilities    
Accounts payable 486 438
Accrued liabilities 252 328
Short-term lease liabilities 20 26
Short-term debt 50 0
Long-term debt due within one year 24 18
Income taxes payable 18 12
Total current liabilities 850 822
Noncurrent Liabilities    
Long-term debt, net 2,464 2,558
Pension and postretirement healthcare benefits 89 116
Asset retirement obligations 153 139
Environmental liabilities 51 66
Long-term lease liabilities 110 55
Deferred tax liabilities 153 157
Other long-term liabilities 33 32
Total liabilities 3,903 3,945
Commitments and Contingencies - Note 18
Shareholders’ Equity    
Tronox Holdings plc ordinary shares, par value $0.01 — 154,496,923 shares issued and outstanding at December 31, 2022 and 153,934,677 shares issued and outstanding at December 31, 2021 2 2
Capital in excess of par value 2,043 2,067
Retained Earnings 1,080 663
Accumulated other comprehensive loss (768) (738)
Total Tronox Holdings plc shareholders’ equity 2,357 1,994
Noncontrolling interest 46 48
Total equity 2,403 2,042
Total liabilities and equity $ 6,306 $ 5,987