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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
Current Assets    
Cash and cash equivalents $ 194 $ 199
Restricted cash 12 12
Accounts receivable (net of allowance for credit losses of $1 million and $1 million as of June 30, 2026 and December 31, 2025, respectively) 363 289
Inventories, net 1,458 1,652
Prepaid and other assets 113 112
Income taxes receivable 1 1
Total current assets 2,141 2,265
Noncurrent Assets    
Property, plant and equipment, net 1,988 2,007
Mineral leaseholds, net 595 608
Intangible assets, net 203 214
Lease right of use assets, net 180 173
Deferred tax assets 727 833
Other long-term assets 116 117
Total assets 5,950 6,217
Current Liabilities    
Accounts payable 404 481
Accrued liabilities 254 274
Short-term lease liabilities 24 22
Obligations under inventory financing arrangement 50 50
Short-term debt 68 51
Long-term debt due within one year 39 39
Income taxes payable 1 2
Total current liabilities 840 919
Noncurrent Liabilities    
Long-term debt, net 3,123 3,132
Pension and postretirement healthcare benefits 80 81
Asset retirement obligations 209 198
Environmental liabilities 30 39
Long-term lease liabilities 156 148
Deferred tax liabilities 212 208
Other long-term liabilities 109 43
Total liabilities 4,759 4,768
Commitments and Contingencies - Note 17
Shareholders’ Equity    
Tronox Holdings plc ordinary shares, par value $0.01 — 159,700,029 shares issued and outstanding at June 30, 2026 and 158,557,858 shares issued and outstanding at December 31, 2025 2 2
Capital in excess of par value 2,097 2,103
(Accumulated deficit) retained earnings (244) 30
Accumulated other comprehensive loss (694) (717)
Total Tronox Holdings plc shareholders’ equity 1,161 1,418
Noncontrolling interest 30 31
Total equity 1,191 1,449
Total liabilities and equity $ 5,950 $ 6,217