v3.25.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Current Assets    
Cash and cash equivalents $ 138 $ 151
Restricted cash 0 1
Accounts receivable (net of allowance for credit losses of $1 million and $1 million as of March 31, 2025 and December 31, 2024, respectively) 319 266
Inventories, net 1,605 1,551
Prepaid and other assets 129 184
Income taxes receivable 2 2
Total current assets 2,193 2,155
Noncurrent Assets    
Property, plant and equipment, net 1,922 1,927
Mineral leaseholds, net 614 616
Intangible assets, net 243 244
Lease right of use assets, net 137 140
Deferred tax assets 831 830
Other long-term assets 129 126
Total assets 6,069 6,038
Current Liabilities    
Accounts payable 478 499
Accrued liabilities 239 247
Short-term lease liabilities 23 24
Short-term debt 183 65
Long-term debt due within one year 38 35
Income taxes payable 0 4
Total current liabilities 961 874
Noncurrent Liabilities    
Long-term debt, net 2,753 2,759
Pension and postretirement healthcare benefits 86 85
Asset retirement obligations 191 172
Environmental liabilities 41 40
Long-term lease liabilities 106 107
Deferred tax liabilities 181 174
Other long-term liabilities 44 36
Total liabilities 4,363 4,247
Commitments and Contingencies - Note 16
Shareholders’ Equity    
Tronox Holdings plc ordinary shares, par value $0.01 — 158,462,071 shares issued and outstanding at March 31, 2025 and 157,938,056 shares issued and outstanding at December 31, 2024 2 2
Capital in excess of par value 2,089 2,084
Retained earnings 425 555
Accumulated other comprehensive loss (842) (880)
Total Tronox Holdings plc shareholders’ equity 1,674 1,761
Noncontrolling interest 32 30
Total equity 1,706 1,791
Total liabilities and equity $ 6,069 $ 6,038