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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2024
Dec. 31, 2023
Current Assets    
Cash and cash equivalents $ 167 $ 273
Restricted cash 1 0
Accounts receivable (net of allowance for credit losses of $1 million and $3 million as of September 30, 2024 and December 31, 2023, respectively) 373 290
Inventories, net 1,482 1,421
Prepaid and other assets 187 141
Income taxes receivable 9 10
Total current assets 2,219 2,135
Noncurrent Assets    
Property, plant and equipment, net 1,938 1,835
Mineral leaseholds, net 644 654
Intangible assets, net 247 243
Lease right of use assets, net 129 132
Deferred tax assets 874 917
Other long-term assets 140 218
Total assets 6,191 6,134
Current Liabilities    
Accounts payable 492 461
Accrued liabilities 243 230
Short-term lease liabilities 20 24
Short-term debt 17 11
Long-term debt due within one year 34 27
Income taxes payable 11 0
Total current liabilities 817 753
Noncurrent Liabilities    
Long-term debt, net 2,767 2,786
Pension and postretirement healthcare benefits 102 104
Asset retirement obligations 195 172
Environmental liabilities 41 48
Long-term lease liabilities 102 103
Deferred tax liabilities 183 149
Other long-term liabilities 38 39
Total liabilities 4,245 4,154
Commitments and Contingencies - Note 15
Shareholders’ Equity    
Tronox Holdings plc ordinary shares, par value $0.01 — 157,920,455 shares issued and outstanding at September 30, 2024 and 156,793,755 shares issued and outstanding at December 31, 2023 2 2
Capital in excess of par value 2,080 2,064
Retained earnings 606 684
Accumulated other comprehensive loss (775) (814)
Total Tronox Holdings plc shareholders’ equity 1,913 1,936
Noncontrolling interest 33 44
Total equity 1,946 1,980
Total liabilities and equity $ 6,191 $ 6,134