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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2023
Dec. 31, 2022
Current Assets    
Cash and cash equivalents $ 115 $ 164
Accounts receivable (net of allowance for credit losses of $4 million and $4 million as of March 31, 2023 and December 31, 2022, respectively) 411 377
Inventories, net 1,359 1,278
Prepaid and other assets 134 135
Income taxes receivable 5 6
Total current assets 2,024 1,960
Noncurrent Assets    
Property, plant and equipment, net 1,820 1,830
Mineral leaseholds, net 683 701
Intangible assets, net 249 250
Lease right of use assets, net 138 136
Deferred tax assets 1,243 1,233
Other long-term assets 202 196
Total assets 6,359 6,306
Current Liabilities    
Accounts payable 410 486
Accrued liabilities 263 252
Short-term lease liabilities 22 20
Short-term debt 176 50
Long-term debt due within one year 24 24
Income taxes payable 20 18
Total current liabilities 915 850
Noncurrent Liabilities    
Long-term debt, net 2,458 2,464
Pension and postretirement healthcare benefits 91 89
Asset retirement obligations 151 153
Environmental liabilities 50 51
Long-term lease liabilities 110 110
Deferred tax liabilities 152 153
Other long-term liabilities 33 33
Total liabilities 3,960 3,903
Commitments and Contingencies - Note 15
Shareholders’ Equity    
Tronox Holdings plc ordinary shares, par value $0.01 — 156,717,050 shares issued and outstanding at March 31, 2023 and 154,496,923 shares issued and outstanding at December 31, 2022 2 2
Capital in excess of par value 2,049 2,043
Retained earnings 1,083 1,080
Accumulated other comprehensive loss (785) (768)
Total Tronox Holdings plc shareholders’ equity 2,349 2,357
Noncontrolling interest 50 46
Total equity 2,399 2,403
Total liabilities and equity $ 6,359 $ 6,306