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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Current Assets    
Cash and cash equivalents $ 199 $ 151
Restricted cash 12 1
Accounts receivable (net of allowance of $1 in 2025 and $1 in 2024) 289 266
Inventories, net 1,652 1,551
Prepaid and other assets 112 184
Income taxes receivable 1 2
Total current assets 2,265 2,155
Noncurrent Assets    
Property, plant and equipment, net 2,007 1,927
Mineral leaseholds, net 608 616
Intangible assets, net 214 244
Lease right of use assets, net 173 140
Deferred tax assets 833 830
Other long-term assets 117 126
Total assets 6,217 6,038
Current Liabilities    
Accounts payable 481 499
Accrued liabilities 274 247
Short-term lease liabilities 22 24
Obligations under inventory financing arrangement 50 0
Short-term debt 51 65
Long-term debt due within one year 39 35
Income taxes payable 2 4
Total current liabilities 919 874
Noncurrent Liabilities    
Long-term debt, net 3,132 2,759
Pension and postretirement healthcare benefits 81 85
Asset retirement obligations 198 172
Environmental liabilities 39 40
Long-term lease liabilities 148 107
Deferred tax liabilities 208 174
Other long-term liabilities 43 36
Total liabilities 4,768 4,247
Commitments and Contingencies - Note 20
Shareholders’ Equity    
Tronox Holdings plc ordinary shares, par value $0.01 — 158,557,858 shares issued and outstanding at December 31, 2025 and 157,938,056 shares issued and outstanding at December 31, 2024 2 2
Capital in excess of par value 2,103 2,084
Retained Earnings 30 555
Accumulated other comprehensive loss (717) (880)
Total Tronox Holdings plc shareholders’ equity 1,418 1,761
Noncontrolling interest 31 30
Total equity 1,449 1,791
Total liabilities and equity $ 6,217 $ 6,038