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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
Current Assets    
Cash and cash equivalents $ 152 $ 273
Restricted cash 2 0
Accounts receivable (net of allowance for credit losses of $5 million and $3 million as of March 31, 2024 and December 31, 2023, respectively) 378 290
Inventories, net 1,403 1,421
Prepaid and other assets 214 141
Income taxes receivable 10 10
Total current assets 2,159 2,135
Noncurrent Assets    
Property, plant and equipment, net 1,804 1,835
Mineral leaseholds, net 639 654
Intangible assets, net 243 243
Lease right of use assets, net 134 132
Deferred tax assets 915 917
Other long-term assets 128 218
Total assets 6,022 6,134
Current Liabilities    
Accounts payable 398 461
Accrued liabilities 240 230
Short-term lease liabilities 22 24
Short-term debt 4 11
Long-term debt due within one year 27 27
Total current liabilities 691 753
Noncurrent Liabilities    
Long-term debt, net 2,780 2,786
Pension and postretirement healthcare benefits 103 104
Asset retirement obligations 176 172
Environmental liabilities 48 48
Long-term lease liabilities 105 103
Deferred tax liabilities 156 149
Other long-term liabilities 38 39
Total liabilities 4,097 4,154
Commitments and Contingencies - Note 15
Shareholders’ Equity    
Tronox Holdings plc ordinary shares, par value $0.01 — 157,838,425 shares issued and outstanding at March 31, 2024 and 156,793,755 shares issued and outstanding at December 31, 2023 2 2
Capital in excess of par value 2,070 2,064
Retained earnings 655 684
Accumulated other comprehensive loss (845) (814)
Total Tronox Holdings plc shareholders’ equity 1,882 1,936
Noncontrolling interest 43 44
Total equity 1,925 1,980
Total liabilities and equity $ 6,022 $ 6,134