Tronox (TROX) 10-Q 7 May 20 2020 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2020	Apr. 30, 2020
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2020
Document Transition Report	false
Entity File Number	1-35573
Entity Registrant Name	TRONOX HOLDINGS PLC
Entity Incorporation, State or Country Code	X0
Entity Tax Identification Number	98-1467236
Entity Address, Address Line One	263 Tresser Boulevard
Entity Address, Address Line Two	Suite 1100
Entity Address, City or Town	Stamford
Entity Address, State or Province	CT
Entity Address, Postal Zip Code	06901
City Area Code	203
Local Phone Number	705-3800
Entity Central Index Key	0001530804
Current Fiscal Year End Date	--12-31
Amendment Flag	false
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q1
Title of 12(b) Security	Ordinary Shares, par value $0.01 per share
Security Exchange Name	NYSE
Trading Symbol	TROX
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		143,368,056

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) shares in Thousands, $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Income Statement [Abstract]
Net sales	$ 722	$ 390
Cost of goods sold	547	307
Gross profit	175	83
Selling, general and administrative expenses	94	67
Restructuring	2	0
Income from operations	79	16
Interest expense	(45)	(49)
Interest income	3	9
Loss on extinguishment of debt	0	(2)
Other income (expense), net	10	(2)
Income (loss) before income taxes	47	(28)
Income tax provision	(7)	(2)
Net income (loss)	40	(30)
Net income attributable to noncontrolling interest	8	4
Net income (loss) attributable to Tronox Holdings plc	$ 32	$ (34)
Earnings (loss) per share:
Earnings per share, basic (in dollars per share)	$ 0.23	$ (0.27)
Earnings per share, diluted (in dollars per share)	$ 0.22	$ (0.27)
Net income (loss) per share, diluted:
Weighted average shares outstanding, basic (in thousands) (shares)	142,736	124,296
Weighted average shares outstanding, diluted (in thousands) (shares)	143,596	124,296

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME (Unaudited) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Statement of Comprehensive Income [Abstract]
Net income	$ 40	$ (30)
Other comprehensive (loss) income:
Foreign currency translation adjustments	(188)	0
Pension and postretirement plans:
Amortization of unrecognized actuarial losses, net of taxes of less than $1 million and nil in the three ended March 31, 2020 and 2019, respectively	1	0
Total pension and postretirement gains (losses)	1	0
Total pension and postretirement gains (losses)	5	0
Unrealized (losses) gains on derivative financial instruments, (net of taxes of $10 million and nil for the three months ended March 31, 2020 and 2019, respectively) - See Note 13	(88)	0
Other comprehensive loss	(270)	0
Total comprehensive loss	(230)	(30)
Comprehensive (loss) income attributable to noncontrolling interest:
Net income	8	4
Foreign currency translation adjustments	(47)	11
Comprehensive (loss) income attributable to noncontrolling interest	(39)	15
Comprehensive loss attributable to Tronox Holdings plc	$ (191)	$ (45)

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME (Unaudited) (Parenthetical) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Statement of Comprehensive Income [Abstract]
Amortization of unrecognized actuarial losses, tax (less than)	$ 1	$ 0
Unrealized gains (losses) on derivative instruments, tax	$ 10	$ 0

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Current Assets
Cash and cash equivalents	$ 420	$ 302
Restricted cash	9	9
Accounts receivable (net of allowance for credit losses of $4 million and $5 million as of March 31, 2020 and December 31, 2019, respectively)	554	482
Inventories, net	1,054	1,131
Prepaid and other assets	115	143
Income taxes receivable	6	6
Total current assets	2,158	2,073
Noncurrent Assets
Property, plant and equipment, net	1,630	1,762
Mineral leaseholds, net	783	852
Intangible assets, net	202	208
Lease right of use assets, net	92	101
Deferred tax assets	107	110
Other long-term assets	158	162
Total assets	5,130	5,268
Current Liabilities
Accounts payable	280	342
Accrued liabilities	346	283
Short-term lease liabilities	37	38
Short-term debt	212	0
Long-term debt due within one year	30	38
Income taxes payable	6	1
Total current liabilities	911	702
Noncurrent Liabilities
Long-term debt, net	2,954	2,988
Pension and postretirement healthcare benefits	153	160
Asset retirement obligations	129	142
Environmental liabilities	70	65
Long-term lease liabilities	52	62
Deferred tax liabilities	139	184
Other long-term liabilities	43	49
Total liabilities	4,451	4,352
Commitments and Contingencies - Note 16	0	0
Shareholders’ Equity
Tronox Holdings plc ordinary shares, par value $0.01 — 143,366,438 shares issued and outstanding at March 31, 2020 and 141,900,459 shares issued and outstanding at December 31, 2019	1	1
Capital in excess of par value	1,852	1,846
Accumulated deficit	(471)	(493)
Accumulated other comprehensive loss	(829)	(606)
Total Tronox Holdings plc shareholders’ equity	553	748
Noncontrolling interest	126	168
Total equity	679	916
Total liabilities and equity	$ 5,130	$ 5,268

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Statement of Financial Position [Abstract]
Accounts receivable, allowance for credit loss	$ 4	$ 5
Shareholders’ Equity
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares issued (in shares)	143,366,438	141,900,459
Common stock, shares outstanding (in shares)	143,366,438	141,900,459

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Cash Flows from Operating Activities:
Net income	$ 40	$ (30)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation, depletion and amortization	71	47
Deferred income taxes	0	(3)
Share-based compensation expense	9	8
Amortization of deferred debt issuance costs and discount on debt	2	2
Loss on extinguishment of debt	0	2
Other non-cash items affecting net (loss) income	14	6
Changes in assets and liabilities:
(Increase) decrease in accounts receivable, net	(92)	19
Increase in inventories, net	0	(10)
Increase in prepaid and other assets	(3)	(1)
(Decrease) increase in accounts payable and accrued liabilities	(54)	8
Net changes in income tax payables and receivables	2	(3)
Changes in other non-current assets and liabilities	(17)	(6)
Cash (used in) provided by operating activities	(28)	39
Cash Flows from Investing Activities:
Capital expenditures	(38)	(25)
Loans	0	(25)
Cash used in investing activities	(38)	(50)
Cash Flows from Financing Activities:
Repayments of long-term debt	(7)	(101)
Proceeds from long-term debt	0	222
Proceeds from short-term debt	213	94
Acquisition of noncontrolling interest	0	(148)
Debt issuance costs	0	(4)
Dividends paid	(10)	(7)
Restricted stock and performance-based shares settled in cash for withholding taxes	(3)	(6)
Cash provided by financing activities	193	50
Effects of exchange rate changes on cash and cash equivalents and restricted cash	(9)	(1)
Net increase in cash, cash equivalents and restricted cash	118	38
Cash, cash equivalents and restricted cash at beginning of period	311	1,696
Cash, cash equivalents and restricted cash at end of period	429	1,734
Supplemental cash flow information:
Interest paid, net	24	29
Income taxes paid	$ 4	$ 5

CONDENSED CONSOLIDATED STATEM_5

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (UNAUDITED) - USD ($) shares in Thousands	Total	Ordinary Shares	Capital in Excess of par Value	(Accumulated Deficit)	Accumulated Other Comprehensive Loss	Total Tronox Holdings plc Shareholders’ Equity	Non- controlling Interest
Balance, beginning of period at Dec. 31, 2018	$ 862,000,000	$ 1,000,000	$ 1,579,000,000	$ (357,000,000)	$ (540,000,000)	$ 683,000,000	$ 179,000,000
Balance, beginning of period (in shares) at Dec. 31, 2018		122,934
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	(30,000,000)			(34,000,000)		(34,000,000)	4,000,000
Other comprehensive (loss) income	0				(11,000,000)	(11,000,000)	11,000,000
Share-based compensation	8,000,000		8,000,000			8,000,000
Share-based compensation (in shares)		3,306
Shares cancelled	(6,000,000)		(6,000,000)			(6,000,000)
Shares cancelled (in shares)		(502)
Acquisition of noncontrolling interest	(148,000,000)		3,000,000		(61,000,000)	(58,000,000)	(90,000,000)
Ordinary share dividends	(6,000,000)			(6,000,000)		(6,000,000)
Balance, end of period at Mar. 31, 2019	680,000,000	$ 1,000,000	1,584,000,000	(397,000,000)	(612,000,000)	576,000,000	104,000,000
Balance, end of period (in shares) at Mar. 31, 2019		125,738
Balance, beginning of period at Dec. 31, 2019	916,000,000	$ 1,000,000	1,846,000,000	(493,000,000)	(606,000,000)	748,000,000	168,000,000
Balance, beginning of period (in shares) at Dec. 31, 2019		141,900
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	40,000,000			32,000,000		32,000,000	8,000,000
Other comprehensive (loss) income	(270,000,000)				(223,000,000)	(223,000,000)	(47,000,000)
Share-based compensation	9,000,000		9,000,000			9,000,000
Share-based compensation (in shares)		1,779
Shares cancelled	(3,000,000)		(3,000,000)			(3,000,000)
Shares cancelled (in shares)		(313)
Measurement period adjustment related to Cristal acquisition	(3,000,000)						(3,000,000)
Ordinary share dividends	(10,000,000)			(10,000,000)		(10,000,000)
Balance, end of period at Mar. 31, 2020	$ 679,000,000	$ 1,000,000	$ 1,852,000,000	$ (471,000,000)	$ (829,000,000)	$ 553,000,000	$ 126,000,000
Balance, end of period (in shares) at Mar. 31, 2020		143,366

CONDENSED CONSOLIDATED STATEM_6

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (UNAUDITED) (Parenthetical) - $ / shares	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Statement of Stockholders' Equity [Abstract]
Dividend paid per share (in dollars per share)	$ 0.07	$ 0.045

The Company

The Company	3 Months Ended
	Mar. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
The Company	The Company Tronox Holdings plc (referred to herein as “Tronox,” “we,” “us,” or “our”) is a public limited company registered under the laws of England and Wales. On April 10, 2019, we completed the acquisition from National Industrialization Company ("Tasnee") of the TiO 2 business of The National Titanium Dioxide Company Ltd. (“Cristal”) (the “Cristal Transaction”). In order to obtain regulatory approval for the Cristal Transaction, we were required to divest Cristal's North American TiO 2 business, which was sold in May 2019. See Note 2 below for further details on the Cristal Transaction. Including the Cristal operations, we now operate titanium-bearing mineral sand mines and beneficiation and smelting operations in Australia, South Africa and Brazil to produce feedstock materials that can be processed into TiO 2 for pigment, high purity titanium chemicals, including titanium tetrachloride, and Ultrafine© titanium dioxide used in certain specialty applications. It is our long-term strategic goal to be fully vertically integrated and consume all of our feedstock materials in our own TiO 2 pigment facilities in the United States, Australia, Brazil, UK, France, the Netherlands, China and the Kingdom of Saudi Arabia (“KSA”). We believe that full vertical integration is the best way to achieve our ultimate goal of delivering low cost, high-quality pigment to our coatings and other TiO 2 customers throughout the world. The mining, beneficiation and smelting of titanium bearing mineral sands creates meaningful quantities of zircon, which we also supply to customers around the world. Basis of Presentation The accompanying condensed consolidated financial statements are unaudited and have been prepared pursuant to the rules and regulations of the U.S. Securities and Exchange Commission regarding interim financial reporting. Accordingly, they do not include all the information and footnotes required by accounting principles generally accepted in the United States of America (“U.S. GAAP”) for complete financial statements and should be read in conjunction with the audited consolidated financial statements and notes thereto included in our Annual Report on Form 10-K for the year ended December 31, 2019. The acquisition of Cristal has impacted the comparability of our financial statements. As the Cristal Transaction was completed on April 10, 2019, in accordance with ASC 805, the three month period ended March 31, 2019 does not include the results of the Cristal business, while the three month period ended March 31, 2020 does include the results of Cristal. However, the balance sheet at both December 31, 2019 and March 31, 2020 includes the impacts of the acquisition of Cristal. In management’s opinion, the accompanying unaudited condensed consolidated financial statements reflect all adjustments, which are of a normal recurring nature, considered necessary for a fair statement of its financial position as of March 31, 2020, and its results of operations for the three months ended March 31, 2020 and 2019. Our unaudited condensed consolidated financial statements include the accounts of all majority-owned subsidiary companies. All intercompany balances and transactions have been eliminated in consolidation. The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting periods. It is at least reasonably possible that the effect on the financial statements of a change in estimate due to one or more future confirming events could have a material effect on the financial statements, including any potential impacts on the economy as a result of the Covid-19 pandemic which could impact revenue growth and collectibility of trade receivables. Recently Adopted Accounting Pronouncements In August 2018, the FASB issued ASU 2018-13, Fair Value Measurement (“Topic 820”): Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurement. The standard modifies the disclosure requirements in Topic 820, Fair Value Measurement, by: removing certain disclosure requirements related to the fair value hierarchy; modifying existing disclosure requirements related to measurement uncertainty; and adding new disclosure requirements, such as disclosing the changes in unrealized gains and losses for the period included in other comprehensive income for recurring Level 3 fair value measurements held at the end of the reporting period and disclosing the range and weighted average of significant unobservable inputs used to develop Level 3 fair value measurements. This standard is effective for fiscal years and interim periods within those fiscal years beginning after December 15, 2019, with early adoption permitted. We adopted this standard on January 1, 2020 and it did not have a material impact on the Company's consolidated financial statements. In June 2016, the FASB issued ASU 2016-13, Financial Instruments - Credit Losses (Topic 326), as amended. The standard introduces a new accounting model for expected credit losses on financial instruments, including trade receivables, based on estimates of current expected credit losses (CECL). This standard became effective on January 1, 2020, and had an immaterial impact on the Company's consolidated financial statements as our historical bad debt expense has not been material. Recently Issued Accounting Pronouncements

Cristal Acquisition and Related

Cristal Acquisition and Related Divestitures	3 Months Ended
	Mar. 31, 2020
Business Combinations [Abstract]
Cristal Acquisition and Related Disclosure	Cristal Acquisition and Related Divestitures On April 10, 2019, we completed the acquisition of the TiO2 business of Cristal for $1.675 billion of cash, plus 37,580,000 ordinary shares. The total acquisition price, including the value of the ordinary shares at $14 per share on the closing date of the Cristal Transaction, was approximately $2.2 billion. With the acquisition of our shares, an affiliate of Cristal became our largest shareholder. At March 31, 2020, Cristal International Holdings B.V. (formerly known as Cristal Inorganic Chemical Netherlands Cooperatief W.A.), a wholly-owned subsidiary of National Titanium Dioxide Company Ltd., continues to own 37,580,000 shares of Tronox, or a 26% ownership interest. National Titanium Dioxide Company Ltd. is 79% owned by Tasnee. In order to obtain regulatory approval for the Cristal Transaction, the FTC required us to divest Cristal's North American TiO2 business, which we sold to INEOS on May 1, 2019, for cash proceeds, net of transaction costs, of $701 million, inclusive of an amount for a working capital adjustment. In conjunction with the Cristal Transaction, we entered into a transition services agreement with Tasnee and certain of its affiliates under which we and the Tasnee entities will provide certain transition services to one another. See Note 20 for further details of the transition services agreement. In conjunction with the divestiture of Cristal's North American TiO2 business to INEOS, we entered into a transition services agreement with INEOS. Under the terms of the transition services agreement, INEOS agreed to provide the following services to Tronox for manufacturing, technology and innovation, information technology, finance, warehousing and human resources. Similarly, Tronox will provide services to INEOS for information technology, finance, product stewardship, warehousing and human resources. In addition, in order to obtain regulatory approval by the European Commission, we divested the 8120 paper laminate grade, supplied from our Botlek facility in the Netherlands, to Venator Materials PLC (“Venator”). The divestiture was completed on April 26, 2019. Under the terms of the divestiture, we will supply the 8120 grade product to Venator under a supply agreement for an initial term of 2 years, and extendable up to 3 years, to allow for the transfer of the manufacturing of the 8120 grade to Venator. Total cash consideration is 8 million Euros, of which 1 million Euros was paid at the closing and the remaining 7 million Euros (approximately $7.7 million at March 31, 2020 exchange rate) will be paid in equal installments during the second quarters of 2020 and 2021. We recorded a charge of $19 million during the second quarter of 2019, in “Contract loss” in the Consolidated Statements of Operations, reflecting both the proceeds on sale and the estimated losses we expect to incur under the supply agreement with Venator. We funded the cash portion of the Cristal Transaction through existing cash, borrowings from our Wells Fargo Revolver, and restricted cash which had been borrowed under the Blocked Term Loan and which became available to us for the purpose of consummating the Cristal Transaction. Allocation of the Purchase Price For the Cristal Transaction, we have applied the acquisition method of accounting in accordance with ASC 805, "Business Combinations", with respect to the identifiable assets and liabilities of Cristal, which have been measured at estimated fair value as of the date of the business combination. The aggregate purchase price noted above was allocated to the identifiable assets acquired and liabilities assumed based upon their estimated fair values at the acquisition date, primarily using Level 2 and Level 3 inputs (see Note 14 for an explanation of Level 2 and Level 3 inputs). These fair value estimates represent management’s best estimate of future cash flows (including sales, cost of sales, income taxes, etc.), discount rates, competitive trends, market comparables and other factors. Inputs used were generally determined from historical data supplemented by current and anticipated market conditions and growth rates. During the three months ended March 31, 2020, we finalized the purchase price allocation which resulted in increasing environmental liabilities by $8 million, increasing property, plant and equipment by $13 million, decreasing noncontrolling interest by $3 million, decreasing deferred taxes by $6 million, increasing liabilities held for sale by $5 million and decreasing inventory by $4 million, as well as other minor adjustments. The adjustments to the unaudited Condensed Consolidated Statement of Operations that would have been recognized in the second quarter of 2019 if the measurement period adjustments had been completed as of the acquisition date would have increased the net loss by approximately $1 million. The final purchase price consideration and estimated fair value of Cristal's net assets acquired on April 10, 2019 are shown below. The assets and liabilities of Cristal's North American TiO 2 business, that was subsequently divested on May 1, 2019, are shown as held for sale in the fair value of assets acquired and liabilities assumed. Fair Value Purchase Price Consideration: Tronox Holdings plc shares issued 37,580,000 Tronox Holdings plc closing price per share on April 10, 2019 $ 14.00 Total fair value of Tronox Holdings plc shares issued at acquisition date $ 526 Cash consideration paid $ 1,675 Total purchase price $ 2,201 Fair Value Fair Value of Assets Acquired: Accounts receivable $ 251 Inventory 689 Deferred tax assets 51 Prepaid and other assets 81 Property, plant and equipment 759 Mineral leaseholds 95 Intangible assets 64 Lease right of use assets 40 Other long-term assets 43 Assets held for sale 850 Total assets acquired $ 2,923 Less: Liabilities Assumed Accounts payable $ 102 Accrued liabilities 137 Short-term lease liabilities 13 Deferred tax liabilities 2 Pension and postretirement healthcare benefits 76 Environmental liabilities 72 Asset retirement obligations 75 Long-term debt 22 Long-term lease liabilities 24 Other long-term liabilities 20 Liabilities held for sale 131 Total liabilities assumed $ 674 Less noncontrolling interest 48 Purchase price $ 2,201 Summary of Significant Fair Value Methods

Restructuring Initiatives

Restructuring Initiatives	3 Months Ended
	Mar. 31, 2020
Restructuring and Related Activities [Abstract]
Restructuring Initiatives	Restructuring InitiativesIn April 2019, we announced the completion of the Cristal Transaction. During the second quarter of 2019, as a result of the acquisition, we outlined a broad based synergy savings program that is expected to reduce costs, simplify processes and focus the organization’s structure and resources on key growth initiatives. During the three months ended March 31, 2020, we recorded costs of $2 million in our unaudited Condensed Consolidated Statement of Operations of which there were no comparable amounts in the three months ended March 31, 2019. The costs consisted primarily of charges for employee related costs, including severance. The liability balance for restructuring as of March 31, 2020, is as follows: Employee- Balance, December 31, 2019 $ 10 First Quarter 2020 charges 2 Cash payments (4) Foreign exchange and other 1 Balance, March 31, 2020 $ 9

Revenue

Revenue	3 Months Ended
	Mar. 31, 2020
Revenue from Contract with Customer [Abstract]
Revenue	Revenue We recognize revenue at a point in time when the customer obtains control of the promised products. For most transactions this occurs when products are shipped from our manufacturing facilities or at a later point when control of the products transfers to the customer at a specified destination or time. Contract assets represent our rights to consideration in exchange for products that have transferred to a customer when the right is conditional on situations other than the passage of time. For products that we have transferred to our customers, our rights to the consideration are typically unconditional and only the passage of time is required before payments become due. These unconditional rights are recorded as accounts receivable. As of March 31, 2020, and December 31, 2019, we did not have material contract asset balances. Contract liabilities represent our obligations to transfer products to a customer for which we have received consideration from the customer. Infrequently we may receive advance payment from our customers that is accounted for as deferred revenue. Deferred revenue is earned when control of the product transfers to the customer, which is typically within a short period of time from when we received the advanced payment. Contract liability balances as of March 31, 2020 and December 31, 2019 were approximately $3 million and $1 million, respectively. Contract liability balances were reported as “Accounts payable” in the unaudited Condensed Consolidated Balance Sheets. All contract liabilities as of December 31, 2019 were recognized as revenue in “Net sales” in the unaudited Condensed Consolidated Statements of Operations during the first quarter of 2020. Disaggregation of Revenue We operate under one operating and reportable segment, TiO 2 . We disaggregate our revenue from contracts with customers by product type and geographic area. We believe this level of disaggregation appropriately depicts how the nature, amount, timing and uncertainty of our revenue and cash flows are affected by economic factors and reflects how our business is managed. Net sales to external customers by geographic areas where our customers are located were as follows: Three Months Ended 2020 2019 North America $ 178 $ 138 South and Central America 40 13 Europe, Middle-East and Africa 292 130 Asia Pacific 212 109 Total net sales $ 722 $ 390 Net sales from external customers for each similar type of product were as follows: Three Months Ended 2020 2019 TiO 2 $ 580 $ 277 Zircon 65 64 Feedstock and other products 77 49 Total net sales $ 722 $ 390 Feedstock and other products mainly include rutile prime, ilmenite, chloride (“CP”) slag and other mining products. During the three months ended March 31, 2020 and 2019, our ten largest third-party TiO 2 represented 29% and 42%, respectively, of our consolidated net sales. During the three months ended March 31, 2020 and 2019, no single customer accounted for 10% of our consolidated net sales.

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2020
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Our operations are conducted through various subsidiaries in a number of countries throughout the world. We have provided for income taxes based upon the tax laws and rates in the countries in which operations are conducted and income is earned. Income (loss) before income taxes is comprised of the following: Three Months Ended 2020 2019 Income tax provision $ (7) $ (2) Income (loss) before income taxes $ 47 $ (28) Effective tax rate 15 % (7) % Tronox Holdings plc, a U.K. public limited company, became the public parent during the three months ended March 31, 2019. During the three months ended March 31, 2019, Tronox Limited was the public parent, registered under the laws of the State of Western Australia but managed and controlled in the U.K. The statutory tax rate in the U.K. at both March 31, 2020 and 2019 was 19%. The effective tax rates for the three months ended March 31, 2020 and 2019 are influenced by a variety of factors, primarily income and losses in jurisdictions with full valuation allowances, disallowable expenditures, restructuring impacts, and our jurisdictional mix of income at tax rates different than the U.K. statutory rate. Upon completion of the Cristal Transaction, we now have additional jurisdictions with operational income. The statutory tax rates on income earned in Australia (30%), the United States (21%), South Africa (28%), France (28.92%), China (25%), Brazil (34%), the Kingdom of Saudi Arabia (KSA) (20%), and the Netherlands (25%) are higher than the U.K. statutory rate of 19%. Tax rates will be reduced in France and the Netherlands to 25% and 21.7%, respectively, in future years. We continue to maintain full valuation allowances related to the total net deferred tax assets in Australia and the U.S., as we cannot objectively assert that these deferred tax assets are more likely than not to be realized. It is reasonably possible that a portion of these valuation allowances could be reversed within the next year due to increased profitability levels. For entities acquired in the Cristal Transaction, we have full valuation allowances in Australia, Belgium, Brazil, Switzerland and the U.S. Until these valuation allowances are eliminated, future provisions for income taxes for these jurisdictions will include no tax benefits with respect to losses incurred and tax expense only to the extent of current tax payments. Additionally, we have valuation allowances against specific tax assets in the Netherlands, South Africa, and the U.K. The Company’s ability to use certain loss and expense carryforwards in the U.S. could be substantially limited if the Company were to experience an ownership change as defined under IRC Section 382. In general, an ownership change would occur if the Company’s “5-percent shareholders,” as defined under IRC Section 382, including certain groups of persons treated as “5-percent shareholders,” collectively increased their ownership in the Company by more than 50 percentage points over a rolling three-year period. If an ownership change does occur during 2020, the resulting impact could be a limitation of up to $5.3 billion composed of both U.S. net operating losses and interest limitation carryforwards. We believe there would be minimal impact on the $2.3 billion future Grantor Trust deductions from an IRC Section 382 change. We currently have no uncertain tax positions recorded; however, we continue to evaluate the companies acquired in the Cristal Transaction, and it is reasonably possible that this could change in the next 12 months. We believe that we have made adequate provision for income taxes that may be payable with respect to years open for examination; however, the ultimate outcome is not presently known and, accordingly, adjustments to our provisions may be necessary and/or reclassifications of noncurrent tax liabilities to current may occur in the future.

Income (Loss) Per Share

Income (Loss) Per Share	3 Months Ended
	Mar. 31, 2020
Earnings Per Share [Abstract]
Income (Loss) Per Share	Income (Loss) Per Share The computation of basic and diluted loss per share for the periods indicated is as follows: Three Months Ended 2020 2019 Numerator - Basic and Diluted: Net income (loss) $ 40 $ (30) Less: Net income attributable to noncontrolling interest 8 4 Net income (loss) available to ordinary shares $ 32 $ (34) Denominator - Basic and Diluted: Weighted-average ordinary shares, basic (in thousands) 142,736 124,296 Weighted-average ordinary shares, diluted (in thousands) 143,596 124,296 Basic net income (loss) operations per ordinary share $ 0.23 $ (0.27) Diluted net income (loss) operations per ordinary share $ 0.22 $ (0.27) Net income (loss) per ordinary share amounts were calculated from exact, not rounded net income (loss) and share information. Anti-dilutive shares not recognized in the diluted net income (loss) per share calculation for the three months ended March 31, 2020 and 2019 were as follows: Shares Three Months Ended March 31, 2020 2019 Options 1,216,456 1,307,735 Restricted share units 7,322,644 5,176,210

Inventories, Net

Inventories, Net	3 Months Ended
	Mar. 31, 2020
Inventory Disclosure [Abstract]
Inventories, Net	Inventories, Net Inventories, net consisted of the following: March 31, December 31, Raw materials $ 186 $ 205 Work-in-process 101 129 Finished goods, net 566 573 Materials and supplies, net 201 224 Inventories, net – current $ 1,054 $ 1,131 Materials and supplies, net consists of processing chemicals, maintenance supplies and spare parts, which will be consumed directly and indirectly in the production of our products. At March 31, 2020 and December 31, 2019, inventory obsolescence reserves primarily for materials and supplies were $42 million and $39 million, respectively. Reserves for lower of cost or market and net realizable value were $13 million and $25 million at March 31, 2020 and December 31, 2019, respectively.

Property, Plant and Equipment,

Property, Plant and Equipment, Net	3 Months Ended
	Mar. 31, 2020
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment, Net	Property, Plant and Equipment, Net Property, plant and equipment, net of accumulated depreciation, consisted of the following: March 31, December 31, Land and land improvements $ 175 $ 191 Buildings 319 340 Machinery and equipment 1,893 2,028 Construction-in-progress 156 156 Other 54 54 Subtotal 2,597 2,769 Less: accumulated depreciation (967) (1,007) Property, plant and equipment, net $ 1,630 $ 1,762 The decline in property, plant and equipment, net from December 31, 2019 to March 31, 2020 is primarily a result of impact of foreign currency translation due to the devaluation of the South African rand and Brazilian real. Substantially all of the property, plant and equipment, net is pledged as collateral for our debt. See Note 12. The table below summarizes depreciation expense related to property, plant and equipment for the periods presented, recorded in the specific line items in our unaudited Condensed Consolidated Statements of Operations: Three Months Ended 2020 2019 Cost of goods sold $ 59 $ 32 Selling, general and administrative expenses 1 1 Total $ 60 $ 33

Mineral Leaseholds, Net

Mineral Leaseholds, Net	3 Months Ended
	Mar. 31, 2020
Extractive Industries [Abstract]
Mineral Leaseholds, Net	Mineral Leaseholds, Net Mineral leaseholds, net of accumulated depletion, consisted of the following: March 31, December 31, Mineral leaseholds $ 1,293 $ 1,352 Less: accumulated depletion (510) (500) Mineral leaseholds, net $ 783 $ 852

Intangible Assets, Net

Intangible Assets, Net	3 Months Ended
	Mar. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets, Net	Intangible Assets, Net Intangible assets, net of accumulated amortization, consisted of the following: March 31, 2020 December 31, 2019 Gross Cost Accumulated Net Carrying Gross Cost Accumulated Net Carrying Customer relationships $ 291 $ (178) $ 113 $ 291 $ (173) $ 118 TiO 2 technology 93 (20) 73 92 (17) 75 Internal-use software 50 (34) 16 49 (34) 15 Intangible assets, net $ 434 $ (232) $ 202 $ 432 $ (224) $ 208 Amortization expense related to intangible assets recorded in "Selling, general and administrative expenses" in the unaudited Condensed Consolidated Statements of Operations was $9 million and $6 million during the three months ended March 31, 2020 and 2019, respectively. Estimated future amortization expense related to intangible assets is $23 million for the remainder of 2020, $31 million for 2021, $29 million for 2022, $27 million for 2023, $26 million for 2024 and $66 million thereafter.

Accrued Liabilities

Accrued Liabilities	3 Months Ended
	Mar. 31, 2020
Payables and Accruals [Abstract]
Accrued Liabilities	Accrued Liabilities Accrued liabilities consisted of the following: March 31, December 31, Employee-related costs and benefits $ 82 $ 103 Related party payables 4 7 Interest 32 16 Sales rebates 42 39 Restructuring 9 10 Taxes other than income taxes 12 6 Asset retirement obligations 13 16 Interest rate swaps 54 22 Currency contracts 47 — Professional fees and other 48 60 Liabilities held for sale 3 4 Accrued liabilities $ 346 $ 283

Debt

Debt	3 Months Ended
	Mar. 31, 2020
Debt Disclosure [Abstract]
Debt	Debt Long-Term Debt Long-term debt, net of an unamortized discount and debt issuance costs, consisted of the following: Original Annual Maturity March 31, 2020 December 31, 2019 Term Loan Facility, net of unamortized discount (1) $ 2,150 Variable 9/22/2024 $ 1,805 $ 1,805 Senior Notes due 2025 450 5.75 % 10/1/2025 450 450 Senior Notes due 2026 615 6.50 % 4/15/2026 615 615 Standard Bank Term Loan Facility (1)(2) 222 Variable 3/25/2024 117 158 Tikon Loan N/A Variable 5/23/2021 16 16 Australian Government Loan, net of unamortized discount N/A N/A 12/31/2036 1 1 Finance leases 12 15 Long-term debt 3,016 3,060 Less: Long-term debt due within one year (30) (38) Debt issuance costs (32) (34) Long-term debt, net $ 2,954 $ 2,988 _______________ (1) Average effective interest rate on the Term Loan Facility of 5.0% and 5.6% during the three months ended March 31, 2020 and 2019, respectively. Average effective interest rate on the Standard Bank Term Loan Facility of 9.5% and 10.6% during the three months ended March 31, 2020 and 2019, respectively. (2) The Standard Bank Term Loan Facility contains financial covenants relating to certain ratio tests. Short-Term Debt Short-term debt consisted of the following: Annual Interest Rate Maturity Date March 31, 2020 December 31, 2019 Wells Fargo Revolver (1) Variable 9/22/2022 $ 125 $ — Standard Bank Revolver (2) Variable 3/25/2022 34 — Emirates Revolver (3) Variable 3/31/2021 40 — SABB Credit Facility Variable 11/30/2020 13 — Short-term debt (4) $ 212 $ — _______________ (1) In March 2019, the Wells Fargo Revolver was amended, which amongst other things, modified certain components of the borrowing base in order to increase the potential availability of credit. We also voluntarily reduced the revolving credit lines under the Wells Fargo Revolver from $550 million to $350 million. As a result of this modification, we accelerated the recognition of a portion of the deferred financing costs related to the Wells Fargo Revolver and during the three months ended March 31, 2019, recorded a charge of $2 million in “Loss on extinguishment of debt” within the unaudited Condensed Consolidated Statement of Operations. At March 31, 2020, there were $30 million of issued and undrawn letters of credit under the Wells Fargo Revolver. The Wells Fargo Revolver contains a springing financial covenant that requires the Company and its restricted subsidiaries to maintain a consolidated fixed charge coverage ratio of at least 1.0:1.0 during certain test periods based on borrowing availability under the Wells Fargo Revolver or following the occurrence of specified events of default. (2) In connection with the Standard Bank Credit Facility ("Standard Bank Revolver") entered into on March 25, 2019, the ABSA Revolving Credit Facility ("ABSA Revolver") was terminated on March 26, 2019. As a result of the termination, we accelerated the recognition of the remaining deferred financing costs related to the ABSA Revolver during the three months ended March 31, 2019 and recorded less than $1 million in “Loss on extinguishment of debt” within the unaudited Condensed Consolidated Statement of Operations. (3) In March 2020, the Company entered into an amendment to, amongst other things, extend the maturity date of the Emirates Revolver from March 31, 2020 to March 31, 2021. (4) In March 2020, the Company drew down $200 million of borrowings under its Wells Fargo, Standard Bank, and Emirates revolvers in order to increase liquidity and preserve financial flexibility. Additionally, during the three months ended March 31, 2020, our KSA subsidiary drew down $13 million on its SABB Credit Facility for local working capital purposes. At March 31, 2020, the short-term debt balance was $212 million based on the March 31, 2020 exchange rate. There were no comparable amounts outstanding as of December 31, 2019. Debt Covenants At March 31, 2020, we are in compliance with all financial covenants in our debt facilities. New Debt On May 1, 2020, Tronox Incorporated, a wholly-owned indirect subsidiary of the Company, issued 6.5% senior secured notes due 2025 for an aggregate principal amount of $500 million (the "6.5% Senior Secured Notes due 2025"), which were issued under an indenture dated May 1, 2020. A portion of the proceeds of this debt offering was utilized to repay the $200 million of the Company's outstanding borrowings under its Wells Fargo, Standard Bank, and Emirates revolvers.

Derivative Financial Instrument

Derivative Financial Instruments	3 Months Ended
	Mar. 31, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments	Derivative Financial Instruments The following table is a summary of the fair value of derivatives outstanding at March 31, 2020 and December 31, 2019: Fair Value March 31, 2020 December 31, 2019 Assets(a) Accrued Liabilities Assets(a) Accrued Liabilities Derivatives Designated as Cash Flow Hedges Currency Contracts $ 6 $ 37 $ 30 $ — Interest Rate Swaps $ — $ 54 $ — $ 22 Total Hedges $ 6 $ 91 $ 30 $ 22 Derivatives Not Designated as Cash Flow Hedges Currency Contracts $ — $ 10 $ 7 $ — Total Derivatives $ 6 $ 101 $ 37 $ 22 (a) At March 31, 2020, current assets of $1 million are recorded in prepaid and other current assets and long-term assets of $5 million are recorded in other long-term assets. At December 31, 2019, current assets of $34 million were recorded in prepaid and other current assets and long-term assets of $3 million are recorded in other long-term assets. Interest Rate Risk During the second quarter of 2019, we entered into interest-rate swap agreements with an aggregate notional value of $750 million, representing a portion of our Term Loan Facility, which effectively converts the variable rate to a fixed rate for that portion of the loan. The agreements expire in September 2024. The Company’s objectives in using the interest-rate swap agreements are to add stability to interest expense and to manage its exposure to interest rate movements. These interest rate swaps have been designated as cash flow hedges and involve the receipt of variable amounts from a counterparty in exchange for the Company making fixed-rate payments over the life of the agreements without exchange of the underlying notional amount. Fair value gains or losses on these cash flow hedges are recorded in other comprehensive (loss) income and are subsequently reclassified into interest expense in the same periods during which the hedged transactions affect earnings. At March 31, 2020 and December 31, 2019, the net unrealized loss of $54 million and $22 million, respectively, was recorded in "Accumulated other comprehensive loss" on the unaudited Condensed Consolidated Balance Sheet. For the three months ended March 31, 2020, the amounts recorded in interest expense related to the interest-rate swap agreements were not material. Foreign Currency Risk During the third quarter of 2019 and the first quarter of 2020, we entered into foreign currency contracts used to hedge forecasted third party non-functional currency sales for our South African subsidiaries and forecasted non-functional currency cost of goods sold for our Australian subsidiaries. These foreign currency contracts are designated as cash flow hedges. Changes to the fair value of these foreign currency contracts are recorded as a component of other comprehensive (loss) income, if these contracts remain highly effective, and are recognized in net sales or costs of goods sold in the period in which the forecasted transaction affects earnings or are recognized in other income (expense) when the transactions are no longer probable of occurring. As of March 31, 2020, we had notional amounts of (i) 2.9 billion South African rand (or approximately $163 million at March 31, 2020 exchange rate) that expire between April 29, 2020 and February 25, 2021 to reduce the exposure of our South African subsidiaries’ third party sales to fluctuations in currency rates, and (ii) $691 million Australian dollars (or approximately $422 million at March 31, 2020 exchange rate) that expire between April 29, 2020 and December 30, 2021 to reduce the exposure of our Australian subsidiaries’ cost of sales to fluctuations in currency rates. For the three months ended March 31, 2020, we recorded a loss of $1 million and a loss of $4 million in “Net sales” and "Cost of goods sold", respectively, on the unaudited Condensed Consolidated Statement of Operations, related to our cash flow hedges. There were

Fair Value

Fair Value	3 Months Ended
	Mar. 31, 2020
Fair Value Disclosures [Abstract]
Fair Value	Fair Value Accounting standards define fair value as the price that would be received to sell an asset or paid to transfer a liability in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants at the measurement date. The accounting standards also have established a fair value hierarchy, which prioritizes the inputs to valuation techniques used in measuring fair value into three broad levels as follows: Level 1 -Quoted prices in active markets for identical assets or liabilities Level 2 -Inputs, other than the quoted prices in active markets, that are observable either directly or indirectly Level 3 -Unobservable inputs based on the Company’s own assumptions Our debt is recorded at historical amounts. The following table presents the fair value of our debt and derivative contracts at both March 31, 2020 and December 31, 2019: March 31, December 31, Term Loan Facility $ 1,607 $ 1,820 Standard Bank Term Loan Facility 117 158 Senior Notes due 2025 375 459 Senior Notes due 2026 557 636 Tikon Loan 16 16 Australian Government Loan 1 1 Interest rate swaps 54 22 Foreign currency contracts, net 41 37 We determined the fair value of the Term Loan Facility, the Senior Notes due 2025 and the Senior Notes due 2026 using quoted market prices, which under the fair value hierarchy is a Level 1 input. We determined the fair value of the Standard Bank Term Loan Facility and Tikon Loan utilizing transactions in the listed markets for identical or similar liabilities, which under the fair value hierarchy is a Level 2 input. The fair value of the Australian Government Loan is based on the contracted amount which is a Level 2 input. We determined the fair value of the foreign currency contracts and the interest rate swaps using inputs other than quoted prices in active markets that are observable either directly or indirectly. The fair value hierarchy for the foreign currency contracts and interest rate swaps is a Level 2 input. The carrying value of cash and cash equivalents, restricted cash, accounts receivable, accounts payable, accrued liabilities and short-term debt approximate fair value due to the short-term nature of these items.

Asset Retirement Obligations

Asset Retirement Obligations	3 Months Ended
	Mar. 31, 2020
Asset Retirement Obligation Disclosure [Abstract]
Asset Retirement Obligations	Asset Retirement Obligations Asset retirement obligations consist primarily of rehabilitation and restoration costs, landfill capping costs, decommissioning costs, and closure and post-closure costs. Activities related to asset retirement obligations were as follows: Three Months Ended 2020 2019 Beginning balance $ 158 $ 74 Accretion expense 3 1 Remeasurement/translation (21) — Settlements/payments (2) — Measurement period adjustment related to Cristal acquisition 4 — Balance, March 31, $ 142 $ 75 March 31, 2020 December 31, 2019 Current portion included in “Accrued liabilities” $ 13 $ 16 Noncurrent portion included in “Asset retirement obligations” 129 142 Asset retirement obligations $ 142 $ 158

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2020
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Purchase and Capital Commitments — Includes obligations for purchase requirements of process chemicals, supplies, utilities and services entered into in the ordinary course of business. At March 31, 2020, purchase commitments were $166 million for 2020, $77 million for 2021, $55 million for 2022, $41 million for 2023, $36 million for 2024, and $76 million thereafter. Letters of Credit —At March 31, 2020, we had outstanding letters of credit and bank guarantees of $71 million, of which $34 million were letters of credit and $37 million were bank guarantees. Amounts for performance bonds were not material. Environmental Matters — It is our policy to record appropriate liabilities for environmental matters when remedial efforts are probable and the costs can be reasonably estimated. Such liabilities are based on our best estimate of the undiscounted future costs required to complete the remedial work. The recorded liabilities are adjusted periodically as remediation efforts progress or as additional technical, regulatory or legal information becomes available. Given the uncertainties regarding the status of laws, regulations, enforcement policies, the impact of other potentially responsible parties, technology and information related to individual sites, we do not believe it is possible to develop an estimate of the range of reasonably possible environmental loss in excess of our recorded liabilities. We expect to fund expenditures for these matters from operating cash flows. The timing of cash expenditures depends principally on the timing of remedial investigations and feasibility studies, regulatory approval of cleanup projects, remedial techniques to be utilized and agreements with other parties. Included in these environmental matters are the following: Hawkins Point Plant. Residual waste mud, known as Batch Attack Mud, and a spent sulfuric waste stream were deposited in an onsite repository (the “Batch Attack Lagoon”) at a former TiO 2 manufacturing site, Hawkins Point Plant in Baltimore, Maryland, operated by Cristal USA, Inc. from 1954 until 2011. We assumed responsibility for remediation of the Hawkins Point Plant when we acquired the TiO 2 business of Cristal in April 2019. In 1984, a predecessor of Cristal and the Maryland Department of the Environment (“MDE”) entered into a consent decree (the “Consent Decree”) to address the Batch Attack Lagoon. The Consent Decree required that Cristal close the Batch Attack Lagoon when the Hawkins Point Plant ceased operations. In addition, we are investigating whether hazardous substances are migrating from the Batch Attack Lagoon. A provision of $61 million has been made in our financial statements for the Hawkins Point Plant consistent with the accounting policy described above. We are in discussions with the MDE regarding a new consent decree to address both the Batch Attack Lagoon as well as other environmental contamination issues associated with the Hawkins Point Plant. Other Matters — We are subject to a number of other lawsuits, investigations and disputes (some of which involve substantial amounts claimed) arising out of the conduct of our business, including matters relating to commercial transactions, prior acquisitions and divestitures, including our acquisition of Cristal, employee benefit plans, intellectual property, and environmental, health and safety matters. We recognize a liability for any contingency that is probable of occurrence and reasonably estimable. We continually assess the likelihood of adverse judgments of outcomes in these matters, as well as potential ranges of possible losses (taking into consideration any insurance recoveries), based on a careful analysis of each matter with the assistance of outside legal counsel and, if applicable, other experts. Included in these other matters is the following: Venator Materials plc v. Tronox Limited. In May 2019, Venator Materials plc (“Venator”) filed an action in the Superior Court of the State of Delaware alleging among other things that we owed Venator a $75 million “Break Fee” pursuant to the terms of a preliminary agreement dated July 14, 2018 (the “Exclusivity Agreement”). The Exclusivity Agreement required, among other things, Tronox and Venator to use their respective best efforts to negotiate a definitive agreement to sell the entirety of the National Titanium Dioxide Company Limited’s (“Cristal’s”) North American operations to Venator if a divestiture of all or a substantial part of these operations were required to secure the approval of the Federal Trade Commission for us to complete our acquisition of Cristal’s TiO 2 business. In June 2019, we denied Ventaor's claims and counterclaimed against Venator seeking to recover $400 million in damages from Venator that we suffered as a result of Venator’s breaches of the Exclusivity Agreement. Specifically, we alleged, among other things, that Venator’s failure to use best efforts constituted a material breach of the Exclusivity Agreement and directly resulted in and caused us to sell Cristal’s North American operations to an alternative buyer for $701 million, $400 million less than the price Venator had agreed to in the Exclusivity Agreement. Though we believe that our interpretation of the Exclusivity Agreement is correct, there can be no assurance that we will prevail in litigation.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss Attributable to Tronox Holdings plc	3 Months Ended
	Mar. 31, 2020
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Accumulated Other Comprehensive Loss Attributable to Tronox Holdings plc	Accumulated Other Comprehensive Loss Attributable to Tronox Holdings plc The tables below present changes in accumulated other comprehensive loss by component for the three months ended March 31, 2020 and 2019. Cumulative Pension Unrealized Total Balance, January 1, 2020 $ (503) $ (104) $ 1 $ (606) Other comprehensive loss (141) — (88) (229) Amounts reclassified from accumulated other comprehensive income (loss) — 1 5 6 Balance, March 31, 2020 $ (644) $ (103) $ (82) $ (829) Cumulative Pension Unrealized Total Balance, January 1, 2019 $ (445) $ (95) $ — $ (540) Other comprehensive loss (11) — — (11) Acquisition of noncontrolling interest (61) — — (61) Balance, March 31, 2019 $ (517) $ (95) $ — $ (612)

Share-Based Compensation

Share-Based Compensation	3 Months Ended
	Mar. 31, 2020
Share-based Payment Arrangement [Abstract]
Share-Based Compensation	Share-Based Compensation Restricted Share Units (“RSUs”) 2020 Grant - During the first quarter of 2020, the Company granted both time-based and performance-based awards to certain members of management and to members of the Board of Directors ("BOD"). A total of 1,577,273 of time-based awards were granted to management which will vest ratably over a three three 2020 Dividend yield 2.13 % Expected historical volatility 58.30 % Risk free interest rate 1.42 % Expected life (in years) 3 The unrecognized compensation cost associated with all unvested awards at March 31, 2020 was $58 million, adjusted for estimated forfeitures, which is expected to be recognized over a weighted-average period of approximately 2.1 years. Options

Pension and Other Postretiremen

Pension and Other Postretirement Healthcare Benefits	3 Months Ended
	Mar. 31, 2020
Retirement Benefits [Abstract]
Pension and Other Postretirement Healthcare Benefits	Pension and Other Postretirement Healthcare BenefitsThe components of net periodic cost associated with our U.S. and foreign pension plans recognized in the unaudited Condensed Consolidated Statements of Operations were as follows: Pensions Three Months Ended March 31, 2020 2019 Net periodic cost: Service cost $ 1 $ — Interest cost 5 3 Expected return on plan assets (6) (3) Net amortization of actuarial loss and prior service credit 1 — Total net periodic cost $ 1 $ — The components of net periodic cost associated with our other postretirement healthcare plans were less than $1 million for each of the three months ended March 31, 2020 and 2019. Tronox estimates that 2020 required contributions to its pension plans will be approximately $16 million, of which $4 million have been made through March 31, 2020. For the three months ended March 31, 2020 and 2019, we contributed $1 million and $1 million, respectively, to the Netherlands Multiemployer Plan, which was primarily recognized in “Cost of goods sold” in the unaudited Condensed Consolidated Statement of Operations.

Related Parties

Related Parties	3 Months Ended
	Mar. 31, 2020
Related Party Transactions [Abstract]
Related Parties	Related Parties Exxaro On November 26, 2018, we, certain of our subsidiaries and Exxaro entered into the Completion Agreement. The Completion Agreement provides for the orderly sale of Exxaro’s remaining ownership interest in us, subject to market conditions, helped to facilitate the Re-domicile Transaction, as well as addressed several legacy issues related to our 2012 acquisition of Exxaro’s mineral sands business. Pursuant to the terms of the Completion Agreement, Tronox has covenanted to pay Exxaro an amount equal to any South African capital gains tax assessed on Exxaro in respect of any profit arising to it on a disposal of any of its ordinary shares subsequent to the Re-domicile Transaction where such tax would not have been assessed but for the Re-domicile Transaction. Similarly, Exxaro has covenanted to pay Tronox an amount equal to any South African tax savings Exxaro may realize in certain situations from any tax relief that would not have arisen but for the Re-domicile Transaction. Pursuant to the terms of the Completion Agreement, on May 9, 2019, Exxaro exercised their right under the agreement to sell 14 million shares to us for an aggregate purchase price of approximately $200 million or $14.319 per share, plus fees of approximately $1 million. The share price was based upon a 5% discount to the 10 day volume weighted average price as of the day that Exxaro exercised their sale notice to us. Upon repurchase of the shares by the Company, the shares were cancelled. As a result of the sale of the $14 million shares on May 9, 2019, we recorded a liability of approximately $4 million which was included in “Accrued liabilities” in our Consolidated Balance Sheets as of December 31, 2019 and was subsequently paid in January 2020. Futhermore, pursuant to the Completion Agreement, the parties agreed to accelerate our purchase of Exxaro's 26% membership interest in Tronox Sands LLP, a U.K. limited liability partnership ("Tronox Sands"). On February 15, 2019, we completed the redemption of Exxaro's ownership interest in Tronox Sands for consideration of approximately ZAR 2.06 billion (or approximately $148 million in cash), which represented Exxaro's indirect share of the loan accounts in our South African subsidiaries. At March 31, 2020, Exxaro continues to own approximately 14.7 million shares of Tronox, or a 10.3% ownership interest, as well as their 26% ownership interest in our South African operating subsidiaries. At the present time, we are unable to reasonably determine when and if Exxaro will sell its remaining shares in the foreseeable future, and as a result, we are not able to estimate what the capital gains tax impacts would be should Exxaro sell its remaining shares. Tasnee/Cristal On April 10, 2019, we announced the completion of the acquisition of the TiO 2 business of Cristal for $1.675 billion of cash, subject to a working capital and noncurrent liability adjustment, plus 37,580,000 ordinary shares. At March 31, 2020, Cristal International Holdings B.V. (formerly known as Cristal Inorganic Chemical Netherlands Cooperatief W.A.), a wholly-owned subsidiary of Tasnee, continues to own 37,580,000 shares of Tronox, or a 26% ownership interest. In February 2020, Tronox and Cristal resolved the working capital and noncurrent liability adjustment by agreeing that no payment was required by either party. On May 9, 2018, we entered into an Option Agreement with AMIC which is owned equally by Tasnee and Cristal. Under the terms of the Option Agreement, AMIC granted us an option (the “Option”) to acquire 90% of a special purpose vehicle (the “SPV”), to which AMIC’s ownership in a titanium slag smelter facility (the “Slagger”) in The Jazan City for Primary and Downstream Industries in KSA will be contributed together with $322 million of AMIC indebtedness (the “AMIC Debt”). As of March 31, 2020, we have loaned $89 million for capital expenditures and operational expenses to facilitate the start-up of the Slagger and we have recorded this loan payment and related interest of $4 million within “Other long-term assets” on the unaudited Condensed Consolidated Balance Sheet at March 31, 2020. The Option did not have a significant impact on the financial statements as of or for the periods ended March 31, 2020. Prior to the Cristal acquisition, the Company also acquired feedstock from AMIC for consumption in production. There were no purchases of feedstock for the three months ended March 31, 2020. In addition, from time to time, Tronox sells Titanium Tetrachloride (TiCl 4 ) to AMIC for use at a sponge plant facility. During the three months ended March 31, 2020, Tronox recorded $6 million for TiCl 4 product sales made to AMIC and such amounts were recorded in “Net sales” on the unaudited Condensed Consolidated Statement of Operations. At March 31, 2020, Tronox had a receivable from AMIC of $2 million from the sale of TiCl 4 that is recorded within “Prepaid and other assets”on the unaudited Condensed Consolidated Balance Sheet. In conjunction with the acquisition on April 10, 2019 we entered into a transition services agreement with Tasnee, Cristal and AMIC. Under the terms of the transition services agreement, Tasnee and its affiliates will provide services to Tronox related to information technology support and infrastructure, logistics, safety, health and environmental, treasury and tax. Similarly, Tronox will provide services to Tasnee and its affiliates for information technology support and infrastructure, finance and accounting, tax, treasury, human resources, logistics, research and development and business development. As part of the transition services agreement, Tronox recorded a net reduction of approximately $1 million in “Selling, general and administrative expenses” for the three months ended March 31, 2020 in the unaudited Condensed Consolidated Statement of Operations. The net reduction of selling, general and administrative expenses associated with the transition services agreement generally represents a recovery of the related costs. At March 31, 2020, Tronox had a receivable due from Tasnee of $15 million and a payable due to Tasnee of $4 million that are recorded within “Prepaid and other assets” and “Accrued liabilities”, respectively, on the unaudited Condensed Consolidated Balance Sheet. The balance in prepaid and other assets and remaining balances in accrued liabilities primarily relate to pre-acquisition activity and those balances are expected to be settled in the near term. On December 29, 2019, we entered into an agreement, subject to regulatory approval, with Cristal to acquire certain assets co-located at our Yanbu facility that had been not included in the Cristal Transaction and which assets produce metal grade TiCl 4 for a $36 million note payable. Under such agreement, the metal grade TiCl 4 will be purchased by Advanced Metal Industries Cluster and Toho Titanium Metal Co. Ltd (ATTM), a joint venture between AMIC and Toho Titanium Company Ltd. ATTM uses the TiCl 4 , which we supply by pipeline, for the production of titanium sponge. We expect this transaction to close in 2020. During the three months ended March 31, 2020, Tronox recorded $1 million for purchase of chlorine gas from ATTM and such amounts are recorded in "Cost of goods sold" on the unaudited Condensed Consolidated Statement of Operations. The amount due to ATTM as of March 31, 2020 for the purchase of chlorine gas was less than $1 million and is recorded within “Accounts payable”on the unaudited Condensed Consolidated Balance Sheet.

Segment Information

Segment Information	3 Months Ended
	Mar. 31, 2020
Segment Reporting [Abstract]
Segment Information	Segment Information Prior to and after the Cristal Transaction, we operate our business under one operating segment, TiO 2 , which is also our reportable segment. The Company’s chief operating decision maker, who is its CEO, reviews financial information presented at the TiO 2 level for purposes of allocating resources and evaluating financial performance. Since we operate our business under one segment, there is no difference between our consolidated results and segment results. We disaggregate our revenue from contracts with customers by product type and geographic area. We believe this level of disaggregation appropriately depicts how the nature, amount, timing and uncertainty of our revenue and cash flows are affected by economic factors and reflects how our business is managed. See Note 4 for further information on revenues. During the three months ended March 31, 2020 and 2019, our ten largest third-party TiO 2 represented 29% and 42%, respectively, of our consolidated net sales. During the three months ended March 31, 2020 and 2019, no single customer accounted for 10% of our consolidated net sales.

The Company (Policies)

The Company (Policies)	3 Months Ended
	Mar. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation The accompanying condensed consolidated financial statements are unaudited and have been prepared pursuant to the rules and regulations of the U.S. Securities and Exchange Commission regarding interim financial reporting. Accordingly, they do not include all the information and footnotes required by accounting principles generally accepted in the United States of America (“U.S. GAAP”) for complete financial statements and should be read in conjunction with the audited consolidated financial statements and notes thereto included in our Annual Report on Form 10-K for the year ended December 31, 2019. The acquisition of Cristal has impacted the comparability of our financial statements. As the Cristal Transaction was completed on April 10, 2019, in accordance with ASC 805, the three month period ended March 31, 2019 does not include the results of the Cristal business, while the three month period ended March 31, 2020 does include the results of Cristal. However, the balance sheet at both December 31, 2019 and March 31, 2020 includes the impacts of the acquisition of Cristal. In management’s opinion, the accompanying unaudited condensed consolidated financial statements reflect all adjustments, which are of a normal recurring nature, considered necessary for a fair statement of its financial position as of March 31, 2020, and its results of operations for the three months ended March 31, 2020 and 2019. Our unaudited condensed consolidated financial statements include the accounts of all majority-owned subsidiary companies. All intercompany balances and transactions have been eliminated in consolidation. The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting periods. It is at least reasonably possible that the effect on the financial statements of a change in estimate due to one or more future confirming events could have a material effect on the financial statements, including any potential impacts on the economy as a result of the Covid-19 pandemic which could impact revenue growth and collectibility of trade receivables.
Recently Adopted Accounting Pronouncements and Recently Issued Accounting Pronouncements	Recently Adopted Accounting Pronouncements In August 2018, the FASB issued ASU 2018-13, Fair Value Measurement (“Topic 820”): Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurement. The standard modifies the disclosure requirements in Topic 820, Fair Value Measurement, by: removing certain disclosure requirements related to the fair value hierarchy; modifying existing disclosure requirements related to measurement uncertainty; and adding new disclosure requirements, such as disclosing the changes in unrealized gains and losses for the period included in other comprehensive income for recurring Level 3 fair value measurements held at the end of the reporting period and disclosing the range and weighted average of significant unobservable inputs used to develop Level 3 fair value measurements. This standard is effective for fiscal years and interim periods within those fiscal years beginning after December 15, 2019, with early adoption permitted. We adopted this standard on January 1, 2020 and it did not have a material impact on the Company's consolidated financial statements. In June 2016, the FASB issued ASU 2016-13, Financial Instruments - Credit Losses (Topic 326), as amended. The standard introduces a new accounting model for expected credit losses on financial instruments, including trade receivables, based on estimates of current expected credit losses (CECL). This standard became effective on January 1, 2020, and had an immaterial impact on the Company's consolidated financial statements as our historical bad debt expense has not been material. Recently Issued Accounting Pronouncements

Cristal Acquisition and Relat_2

Cristal Acquisition and Related Divestitures (Tables)	3 Months Ended
	Mar. 31, 2020
Business Combinations [Abstract]
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed	The final purchase price consideration and estimated fair value of Cristal's net assets acquired on April 10, 2019 are shown below. The assets and liabilities of Cristal's North American TiO 2 business, that was subsequently divested on May 1, 2019, are shown as held for sale in the fair value of assets acquired and liabilities assumed. Fair Value Purchase Price Consideration: Tronox Holdings plc shares issued 37,580,000 Tronox Holdings plc closing price per share on April 10, 2019 $ 14.00 Total fair value of Tronox Holdings plc shares issued at acquisition date $ 526 Cash consideration paid $ 1,675 Total purchase price $ 2,201 Fair Value Fair Value of Assets Acquired: Accounts receivable $ 251 Inventory 689 Deferred tax assets 51 Prepaid and other assets 81 Property, plant and equipment 759 Mineral leaseholds 95 Intangible assets 64 Lease right of use assets 40 Other long-term assets 43 Assets held for sale 850 Total assets acquired $ 2,923 Less: Liabilities Assumed Accounts payable $ 102 Accrued liabilities 137 Short-term lease liabilities 13 Deferred tax liabilities 2 Pension and postretirement healthcare benefits 76 Environmental liabilities 72 Asset retirement obligations 75 Long-term debt 22 Long-term lease liabilities 24 Other long-term liabilities 20 Liabilities held for sale 131 Total liabilities assumed $ 674 Less noncontrolling interest 48 Purchase price $ 2,201

Restructuring Initiatives (Tabl

Restructuring Initiatives (Tables)	3 Months Ended
	Mar. 31, 2020
Restructuring and Related Activities [Abstract]
Liability Balance for Restructuring Plan	The liability balance for restructuring as of March 31, 2020, is as follows: Employee- Balance, December 31, 2019 $ 10 First Quarter 2020 charges 2 Cash payments (4) Foreign exchange and other 1 Balance, March 31, 2020 $ 9

Revenue (Tables)

Revenue (Tables)	3 Months Ended
	Mar. 31, 2020
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	Net sales to external customers by geographic areas where our customers are located were as follows: Three Months Ended 2020 2019 North America $ 178 $ 138 South and Central America 40 13 Europe, Middle-East and Africa 292 130 Asia Pacific 212 109 Total net sales $ 722 $ 390 Net sales from external customers for each similar type of product were as follows: Three Months Ended 2020 2019 TiO 2 $ 580 $ 277 Zircon 65 64 Feedstock and other products 77 49 Total net sales $ 722 $ 390

Income Taxes (Tables)

Income Taxes (Tables)	3 Months Ended
	Mar. 31, 2020
Income Tax Disclosure [Abstract]
Income Taxes	Income (loss) before income taxes is comprised of the following: Three Months Ended 2020 2019 Income tax provision $ (7) $ (2) Income (loss) before income taxes $ 47 $ (28) Effective tax rate 15 % (7) %

Income (Loss) Per Share (Tables

Income (Loss) Per Share (Tables)	3 Months Ended
	Mar. 31, 2020
Earnings Per Share [Abstract]
Computation of Basic and Diluted Loss per Share	The computation of basic and diluted loss per share for the periods indicated is as follows: Three Months Ended 2020 2019 Numerator - Basic and Diluted: Net income (loss) $ 40 $ (30) Less: Net income attributable to noncontrolling interest 8 4 Net income (loss) available to ordinary shares $ 32 $ (34) Denominator - Basic and Diluted: Weighted-average ordinary shares, basic (in thousands) 142,736 124,296 Weighted-average ordinary shares, diluted (in thousands) 143,596 124,296 Basic net income (loss) operations per ordinary share $ 0.23 $ (0.27) Diluted net income (loss) operations per ordinary share $ 0.22 $ (0.27)
Anti-Dilutive Shares Not Recognized in Diluted Earnings per Share Calculation	Anti-dilutive shares not recognized in the diluted net income (loss) per share calculation for the three months ended March 31, 2020 and 2019 were as follows: Shares Three Months Ended March 31, 2020 2019 Options 1,216,456 1,307,735 Restricted share units 7,322,644 5,176,210

Inventories, Net (Tables)

Inventories, Net (Tables)	3 Months Ended
	Mar. 31, 2020
Inventory Disclosure [Abstract]
Inventories, Net	Inventories, net consisted of the following: March 31, December 31, Raw materials $ 186 $ 205 Work-in-process 101 129 Finished goods, net 566 573 Materials and supplies, net 201 224 Inventories, net – current $ 1,054 $ 1,131

Property, Plant and Equipment_2

Property, Plant and Equipment, Net (Tables)	3 Months Ended
	Mar. 31, 2020
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment, Net of Accumulated Depreciation	Property, plant and equipment, net of accumulated depreciation, consisted of the following: March 31, December 31, Land and land improvements $ 175 $ 191 Buildings 319 340 Machinery and equipment 1,893 2,028 Construction-in-progress 156 156 Other 54 54 Subtotal 2,597 2,769 Less: accumulated depreciation (967) (1,007) Property, plant and equipment, net $ 1,630 $ 1,762
Depreciation Expense Related to Property Plant and Equipment	The table below summarizes depreciation expense related to property, plant and equipment for the periods presented, recorded in the specific line items in our unaudited Condensed Consolidated Statements of Operations: Three Months Ended 2020 2019 Cost of goods sold $ 59 $ 32 Selling, general and administrative expenses 1 1 Total $ 60 $ 33

Mineral Leaseholds, Net (Tables

Mineral Leaseholds, Net (Tables)	3 Months Ended
	Mar. 31, 2020
Extractive Industries [Abstract]
Mineral Leaseholds, Net of Accumulated Depletion	Mineral leaseholds, net of accumulated depletion, consisted of the following: March 31, December 31, Mineral leaseholds $ 1,293 $ 1,352 Less: accumulated depletion (510) (500) Mineral leaseholds, net $ 783 $ 852

Intangible Assets, Net (Tables)

Intangible Assets, Net (Tables)	3 Months Ended
	Mar. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets, Net of Accumulated Amortization	Intangible assets, net of accumulated amortization, consisted of the following: March 31, 2020 December 31, 2019 Gross Cost Accumulated Net Carrying Gross Cost Accumulated Net Carrying Customer relationships $ 291 $ (178) $ 113 $ 291 $ (173) $ 118 TiO 2 technology 93 (20) 73 92 (17) 75 Internal-use software 50 (34) 16 49 (34) 15 Intangible assets, net $ 434 $ (232) $ 202 $ 432 $ (224) $ 208

Accrued Liabilities (Tables)

Accrued Liabilities (Tables)	3 Months Ended
	Mar. 31, 2020
Payables and Accruals [Abstract]
Accrued Liabilities	Accrued liabilities consisted of the following: March 31, December 31, Employee-related costs and benefits $ 82 $ 103 Related party payables 4 7 Interest 32 16 Sales rebates 42 39 Restructuring 9 10 Taxes other than income taxes 12 6 Asset retirement obligations 13 16 Interest rate swaps 54 22 Currency contracts 47 — Professional fees and other 48 60 Liabilities held for sale 3 4 Accrued liabilities $ 346 $ 283

Debt (Tables)

Debt (Tables)	3 Months Ended
	Mar. 31, 2020
Debt Disclosure [Abstract]
Long-Term Debt, Net of Unamortized Discount and Debt Issuance Costs	Long-term debt, net of an unamortized discount and debt issuance costs, consisted of the following: Original Annual Maturity March 31, 2020 December 31, 2019 Term Loan Facility, net of unamortized discount (1) $ 2,150 Variable 9/22/2024 $ 1,805 $ 1,805 Senior Notes due 2025 450 5.75 % 10/1/2025 450 450 Senior Notes due 2026 615 6.50 % 4/15/2026 615 615 Standard Bank Term Loan Facility (1)(2) 222 Variable 3/25/2024 117 158 Tikon Loan N/A Variable 5/23/2021 16 16 Australian Government Loan, net of unamortized discount N/A N/A 12/31/2036 1 1 Finance leases 12 15 Long-term debt 3,016 3,060 Less: Long-term debt due within one year (30) (38) Debt issuance costs (32) (34) Long-term debt, net $ 2,954 $ 2,988 _______________ (1) Average effective interest rate on the Term Loan Facility of 5.0% and 5.6% during the three months ended March 31, 2020 and 2019, respectively. Average effective interest rate on the Standard Bank Term Loan Facility of 9.5% and 10.6% during the three months ended March 31, 2020 and 2019, respectively. (2) The Standard Bank Term Loan Facility contains financial covenants relating to certain ratio tests.
Schedule of Short-term Debt	Short-term debt consisted of the following: Annual Interest Rate Maturity Date March 31, 2020 December 31, 2019 Wells Fargo Revolver (1) Variable 9/22/2022 $ 125 $ — Standard Bank Revolver (2) Variable 3/25/2022 34 — Emirates Revolver (3) Variable 3/31/2021 40 — SABB Credit Facility Variable 11/30/2020 13 — Short-term debt (4) $ 212 $ — _______________ (1) In March 2019, the Wells Fargo Revolver was amended, which amongst other things, modified certain components of the borrowing base in order to increase the potential availability of credit. We also voluntarily reduced the revolving credit lines under the Wells Fargo Revolver from $550 million to $350 million. As a result of this modification, we accelerated the recognition of a portion of the deferred financing costs related to the Wells Fargo Revolver and during the three months ended March 31, 2019, recorded a charge of $2 million in “Loss on extinguishment of debt” within the unaudited Condensed Consolidated Statement of Operations. At March 31, 2020, there were $30 million of issued and undrawn letters of credit under the Wells Fargo Revolver. The Wells Fargo Revolver contains a springing financial covenant that requires the Company and its restricted subsidiaries to maintain a consolidated fixed charge coverage ratio of at least 1.0:1.0 during certain test periods based on borrowing availability under the Wells Fargo Revolver or following the occurrence of specified events of default. (2) In connection with the Standard Bank Credit Facility ("Standard Bank Revolver") entered into on March 25, 2019, the ABSA Revolving Credit Facility ("ABSA Revolver") was terminated on March 26, 2019. As a result of the termination, we accelerated the recognition of the remaining deferred financing costs related to the ABSA Revolver during the three months ended March 31, 2019 and recorded less than $1 million in “Loss on extinguishment of debt” within the unaudited Condensed Consolidated Statement of Operations. (3) In March 2020, the Company entered into an amendment to, amongst other things, extend the maturity date of the Emirates Revolver from March 31, 2020 to March 31, 2021. (4) In March 2020, the Company drew down $200 million of borrowings under its Wells Fargo, Standard Bank, and Emirates revolvers in order to increase liquidity and preserve financial flexibility. Additionally, during the three months ended March 31, 2020, our KSA subsidiary drew down $13 million on its SABB Credit Facility for local working capital purposes. At March 31, 2020, the short-term debt balance was $212 million based on the March 31, 2020 exchange rate. There were no comparable amounts outstanding as of December 31, 2019.

Derivative Instruments and Hedg

Derivative Instruments and Hedging Activities (Tables)	3 Months Ended
	Mar. 31, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Fair Value of Derivatives Outstanding	The following table is a summary of the fair value of derivatives outstanding at March 31, 2020 and December 31, 2019: Fair Value March 31, 2020 December 31, 2019 Assets(a) Accrued Liabilities Assets(a) Accrued Liabilities Derivatives Designated as Cash Flow Hedges Currency Contracts $ 6 $ 37 $ 30 $ — Interest Rate Swaps $ — $ 54 $ — $ 22 Total Hedges $ 6 $ 91 $ 30 $ 22 Derivatives Not Designated as Cash Flow Hedges Currency Contracts $ — $ 10 $ 7 $ — Total Derivatives $ 6 $ 101 $ 37 $ 22 (a) At March 31, 2020, current assets of $1 million are recorded in prepaid and other current assets and long-term assets of $5 million are recorded in other long-term assets. At December 31, 2019, current assets of $34 million were recorded in prepaid and other current assets and long-term assets of $3 million are recorded in other long-term assets.

Fair Value (Tables)

Fair Value (Tables)	3 Months Ended
	Mar. 31, 2020
Fair Value Disclosures [Abstract]
Fair Value of Debt and Derivative Contracts	The following table presents the fair value of our debt and derivative contracts at both March 31, 2020 and December 31, 2019: March 31, December 31, Term Loan Facility $ 1,607 $ 1,820 Standard Bank Term Loan Facility 117 158 Senior Notes due 2025 375 459 Senior Notes due 2026 557 636 Tikon Loan 16 16 Australian Government Loan 1 1 Interest rate swaps 54 22 Foreign currency contracts, net 41 37

Asset Retirement Obligations (T

Asset Retirement Obligations (Tables)	3 Months Ended
	Mar. 31, 2020
Asset Retirement Obligation Disclosure [Abstract]
Asset Retirement Obligations	Asset retirement obligations consist primarily of rehabilitation and restoration costs, landfill capping costs, decommissioning costs, and closure and post-closure costs. Activities related to asset retirement obligations were as follows: Three Months Ended 2020 2019 Beginning balance $ 158 $ 74 Accretion expense 3 1 Remeasurement/translation (21) — Settlements/payments (2) — Measurement period adjustment related to Cristal acquisition 4 — Balance, March 31, $ 142 $ 75 March 31, 2020 December 31, 2019 Current portion included in “Accrued liabilities” $ 13 $ 16 Noncurrent portion included in “Asset retirement obligations” 129 142 Asset retirement obligations $ 142 $ 158

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Loss Attributable to Tronox Holdings plc (Tables)	3 Months Ended
	Mar. 31, 2020
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Changes in Accumulated Other Comprehensive Loss by Component	The tables below present changes in accumulated other comprehensive loss by component for the three months ended March 31, 2020 and 2019. Cumulative Pension Unrealized Total Balance, January 1, 2020 $ (503) $ (104) $ 1 $ (606) Other comprehensive loss (141) — (88) (229) Amounts reclassified from accumulated other comprehensive income (loss) — 1 5 6 Balance, March 31, 2020 $ (644) $ (103) $ (82) $ (829) Cumulative Pension Unrealized Total Balance, January 1, 2019 $ (445) $ (95) $ — $ (540) Other comprehensive loss (11) — — (11) Acquisition of noncontrolling interest (61) — — (61) Balance, March 31, 2019 $ (517) $ (95) $ — $ (612)

Share-Based Compensation (Table

Share-Based Compensation (Tables)	3 Months Ended
	Mar. 31, 2020
Share-based Payment Arrangement [Abstract]
Weighted-Average Assumptions Utilized to Value Performance-Based Awards Based on Total Shareholder Return	The following weighted average assumptions were utilized to value the TSR grant: 2020 Dividend yield 2.13 % Expected historical volatility 58.30 % Risk free interest rate 1.42 % Expected life (in years) 3

Pension and Other Postretirem_2

Pension and Other Postretirement Healthcare Benefits (Tables)	3 Months Ended
	Mar. 31, 2020
Retirement Benefits [Abstract]
Net Periodic Cost Associated with the U.S. Defined Benefit Plans and Acquired Foreign Plans	The components of net periodic cost associated with our U.S. and foreign pension plans recognized in the unaudited Condensed Consolidated Statements of Operations were as follows: Pensions Three Months Ended March 31, 2020 2019 Net periodic cost: Service cost $ 1 $ — Interest cost 5 3 Expected return on plan assets (6) (3) Net amortization of actuarial loss and prior service credit 1 — Total net periodic cost $ 1 $ —

Cristal Acquisition and Relat_3

Cristal Acquisition and Related Divestitures (Details) $ / shares in Units, € in Millions, $ in Millions	May 01, 2019USD ($)	Apr. 26, 2019EUR (€)	Apr. 10, 2019USD ($)$ / sharesshares	Mar. 31, 2020USD ($)shares	Jun. 30, 2019USD ($)	Mar. 31, 2019USD ($)	Dec. 31, 2019shares	Oct. 04, 2019$ / shares
Business Acquisition [Line Items]
Number of ordinary shares to be issued for acquisition (in shares) | shares			37,580,000,000,000
Closing price per share (in dollars per share) | $ / shares								$ 14
Shares owned (in shares) | shares				143,366,438			141,900,459
Ownership percentage				26.00%
Revenues				$ 722		$ 390
Operating income				$ 79		$ 16
Cristal's North American Operations | Discontinued Operations, Disposed of by Sale
Business Acquisition [Line Items]
Proceeds from divestiture of business	$ 701
A8120 Paper Laminate Grade | Discontinued Operations, Disposed of by Sale
Business Acquisition [Line Items]
Proceeds from divestiture of Cristal | €		€ 1
A8120 Paper Laminate Grade | Disposal Group, Disposed of by Sale, Not Discontinued Operations
Business Acquisition [Line Items]
Contract loss					$ 19
Venator Materials PLC
Business Acquisition [Line Items]
Supply agreement term				2 years
Total cash consideration | €		8
Consideration amount receivable		€ 7		$ 7.7
Venator Materials PLC | Maximum
Business Acquisition [Line Items]
Supply agreement extendable term				3 years
Cristal's Titanium Dioxide Business
Business Acquisition [Line Items]
Cash consideration paid			$ 1,675
Number of ordinary shares to be issued for acquisition (in shares) | shares			37,580,000
Closing price per share (in dollars per share) | $ / shares			$ 14
Purchase price			$ 2,201
Shares owned (in shares) | shares				37,580,000
Ownership percentage				26.00%
Increase in environmental liabilities				$ 8
Increase in property, plant and equipment				13
Decrease in noncontrolling interest				3
Decrease in deferred taxes				6
Increase in liabilities held for sale				5
Decrease in inventory				$ 4
Increase to net loss					$ 1
National Titanium Dioxide Company Ltd. | National Industrialization Company (Tasnee)
Business Acquisition [Line Items]
Ownership interest in Ltd.				79.00%

Cristal Acquisition and Relat_4

Cristal Acquisition and Related Divestitures, Fair Value of Assets Acquired and Liabilities Assumed (Details) - USD ($) $ / shares in Units, $ in Millions	Apr. 10, 2019	Oct. 04, 2019
Purchase Price Consideration:
Tronox Holdings plc shares issued	37,580,000,000,000
Closing price per share (in dollars per share)		$ 14
Cristal's Titanium Dioxide Business
Purchase Price Consideration:
Tronox Holdings plc shares issued	37,580,000
Closing price per share (in dollars per share)	$ 14
Total fair value of Tronox Holdings plc shares issued at acquisition date	$ 526
Cash consideration paid	1,675
Total purchase price	2,201
Fair Value of Assets Acquired:
Accounts receivable	251
Inventory	689
Deferred tax assets	51
Prepaid and other assets	81
Property, plant and equipment	759
Mineral leaseholds	95
Intangible assets	64
Lease right of use assets	40
Other long-term assets	43
Assets held for sale	850
Total assets acquired	2,923
Less: Liabilities Assumed
Accounts payable	102
Accrued liabilities	137
Short-term lease liabilities	13
Deferred tax liabilities	2
Pension and postretirement healthcare benefits	76
Environmental liabilities	72
Asset retirement obligations	75
Long-term debt	22
Long-term lease liabilities	24
Other long-term liabilities	20
Liabilities held for sale	131
Total liabilities assumed	674
Less noncontrolling interest	48
Purchase price	$ 2,201

Restructuring Initiatives (Deta

Restructuring Initiatives (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Restructuring Costs [Abstract]
Restructuring Charges	$ 2	$ 0
Restructuring Reserve [Roll Forward]
Balance at beginning of period	10
Balance at end of period	9
Cristal's Titanium Dioxide Business
Restructuring Costs [Abstract]
Restructuring Charges	2	$ 0
Cristal's Titanium Dioxide Business | Employee-Related Costs
Restructuring Reserve [Roll Forward]
Balance at beginning of period	10
First Quarter 2020 charges	2
Cash payments	(4)
Foreign exchange and other	1
Balance at end of period	$ 9

Revenue - Narrative (Details)

Revenue - Narrative (Details) $ in Millions	3 Months Ended
	Mar. 31, 2020USD ($)customersegment	Mar. 31, 2019customer	Dec. 31, 2019USD ($)
Concentration Risk [Line Items]
Contract liability balance | $	$ 3		$ 1
Number of operating segments	1
Number of reportable segments	1
Ten Largest Third-party TiO2 Customers | Revenue Benchmark | Customer Concentration Risk
Concentration Risk [Line Items]
Number of largest customers representing specified percentage of net sales | customer	10	10
Concentration percentage	29.00%	42.00%

Revenue - Disaggregation of Rev

Revenue - Disaggregation of Revenue (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Disaggregation of Revenue [Line Items]
Net sales	$ 722	$ 390
TiO2
Disaggregation of Revenue [Line Items]
Net sales	580	277
Zircon
Disaggregation of Revenue [Line Items]
Net sales	65	64
Feedstock and other products
Disaggregation of Revenue [Line Items]
Net sales	77	49
North America
Disaggregation of Revenue [Line Items]
Net sales	178	138
South and Central America
Disaggregation of Revenue [Line Items]
Net sales	40	13
Europe, Middle-East and Africa
Disaggregation of Revenue [Line Items]
Net sales	292	130
Asia Pacific
Disaggregation of Revenue [Line Items]
Net sales	$ 212	$ 109

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Income Tax Disclosure [Abstract]
Income tax provision	$ (7)	$ (2)
Income (loss) before income taxes	$ 47	$ (28)
Effective tax rate	15.00%	(7.00%)

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Jun. 30, 2021
Income Taxes [Abstract]
Future Grantor Trust deductions	$ 2,300
Unrecognized tax benefits	0
Maximum
Income Taxes [Abstract]
Net operating losses and interest limitation carryforwards subject to limitation upon ownership change	$ 5,300
U.K.
Income Taxes [Abstract]
Statutory tax rate	19.00%	19.00%
Internal Revenue Service (IRS)
Income Taxes [Abstract]
Statutory tax rate	21.00%
Australian Taxation Office | Domestic Tax Authority
Income Taxes [Abstract]
Statutory tax rate	30.00%
South Africa | Foreign Tax Authority
Income Taxes [Abstract]
Statutory tax rate	28.00%
Ministry of the Economy, Finance and Industry, France | Foreign Tax Authority
Income Taxes [Abstract]
Statutory tax rate	28.92%
Ministry of the Economy, Finance and Industry, France | Foreign Tax Authority | Forecast
Income Taxes [Abstract]
Statutory tax rate			25.00%
State Administration of Taxation, China | Foreign Tax Authority
Income Taxes [Abstract]
Statutory tax rate	25.00%
Secretariat of the Federal Revenue Bureau of Brazil | Foreign Tax Authority
Income Taxes [Abstract]
Statutory tax rate	34.00%
KSA | Foreign Tax Authority
Income Taxes [Abstract]
Statutory tax rate	20.00%
Netherlands | Foreign Tax Authority
Income Taxes [Abstract]
Statutory tax rate	25.00%
Netherlands | Foreign Tax Authority | Forecast
Income Taxes [Abstract]
Statutory tax rate			21.70%

Income (Loss) Per Share, Comput

Income (Loss) Per Share, Computation of Basic and Diluted Income (Loss) Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Numerator - Basic and Diluted:
Net income (loss) from continuing operations	$ 40	$ (30)
Less: Net income attributable to noncontrolling interest	8	4
Net income (loss) available to ordinary shares	$ 32	$ (34)
Denominator - Basic and Diluted:
Weighted-average ordinary shares, basic (in shares)	142,736	124,296
Weighted-average ordinary shares, diluted (in shares)	143,596	124,296
Basic net income (loss) operations per ordinary share (in dollars per share)	$ 0.23	$ (0.27)
Diluted net income (loss) operations per ordinary share (in dollars per share)	$ 0.22	$ (0.27)

Income (Loss) Per Share, Comp_2

Income (Loss) Per Share, Computation of Anti-Dilutive Shares (Details) - shares	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Shares (in shares)	1,216,456	1,307,735
Restricted share units
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Shares (in shares)	7,322,644	5,176,210

Inventories, Net (Details)

Inventories, Net (Details) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Inventory, Net [Abstract]
Raw materials	$ 186	$ 205
Work-in-process	101	129
Finished goods, net	566	573
Materials and supplies, net	201	224
Inventories, net – current	1,054	1,131
Inventory obsolescence reserves	42	39
Reserves for lower of cost or market and net realizable value	$ 13	$ 25

Property, Plant and Equipment_3

Property, Plant and Equipment, Net (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Property, Plant and Equipment, Net, by Type [Abstract]
Property, plant and equipment, gross	$ 2,597		$ 2,769
Less: accumulated depreciation	(967)		(1,007)
Property, plant and equipment, net	1,630		1,762
Depreciation expense related to property plant and equipment [Abstract]
Depreciation expense	60	$ 33
Cost of goods sold
Depreciation expense related to property plant and equipment [Abstract]
Depreciation expense	59	32
Selling, general and administrative expenses
Depreciation expense related to property plant and equipment [Abstract]
Depreciation expense	1	$ 1
Land and land improvements
Property, Plant and Equipment, Net, by Type [Abstract]
Property, plant and equipment, gross	175		191
Buildings
Property, Plant and Equipment, Net, by Type [Abstract]
Property, plant and equipment, gross	319		340
Machinery and equipment
Property, Plant and Equipment, Net, by Type [Abstract]
Property, plant and equipment, gross	1,893		2,028
Construction-in-progress
Property, Plant and Equipment, Net, by Type [Abstract]
Property, plant and equipment, gross	156		156
Other
Property, Plant and Equipment, Net, by Type [Abstract]
Property, plant and equipment, gross	$ 54		$ 54

Mineral Leaseholds, Net (Detail

Mineral Leaseholds, Net (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Summary of minerals leaseholds, net of accumulated depletion [Abstract]
Mineral leaseholds	$ 1,293		$ 1,352
Less: accumulated depletion	(510)		(500)
Mineral leaseholds, net	783		$ 852
Depletion	$ 2	$ 8

Intangible Assets (Details)

Intangible Assets (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Intangible assets, net of accumulated amortization [Abstract]
Gross Cost	$ 434		$ 432
Accumulated Amortization	(232)		(224)
Net Carrying Amount	202		208
Amortization expense related to intangible assets [Abstract]
Amortization expense	9	$ 6
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
Remainder of 2020	23
2021	31
2022	29
2023	27
2024	26
Thereafter	66
Cost of goods sold
Amortization expense related to intangible assets [Abstract]
Amortization expense	0	0
Selling, general and administrative expenses
Amortization expense related to intangible assets [Abstract]
Amortization expense	9	$ 6
Customer relationships
Intangible assets, net of accumulated amortization [Abstract]
Gross Cost	291		291
Accumulated Amortization	(178)		(173)
Net Carrying Amount	113		118
TiO2 technology
Intangible assets, net of accumulated amortization [Abstract]
Gross Cost	93		92
Accumulated Amortization	(20)		(17)
Net Carrying Amount	73		75
Internal-use software
Intangible assets, net of accumulated amortization [Abstract]
Gross Cost	50		49
Accumulated Amortization	(34)		(34)
Net Carrying Amount	$ 16		$ 15

Accrued Liabilities (Details)

Accrued Liabilities (Details) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Accrued Liabilities, Current [Abstract]
Employee-related costs and benefits	$ 82	$ 103
Related party payables	4	7
Interest	32	16
Sales rebates	42	39
Restructuring	9	10
Taxes other than income taxes	12	6
Asset retirement obligations	13	16
Interest rate swaps	54	22
Currency contracts	47	0
Professional fees and other	48	60
Liabilities held for sale	3	4
Accrued liabilities	$ 346	$ 283

Debt, Long-Term Debt, Net of Un

Debt, Long-Term Debt, Net of Unamortized Discount and Debt Issuance Costs (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Long-term debt, net of an unamortized discount and debt issuance costs [Abstract]
Finance leases	$ 12		$ 15
Long-term debt	3,016		3,060
Less: Long-term debt due within one year	(30)		(38)
Debt issuance costs	(32)		(34)
Long-term debt, net	2,954		2,988
Term Loan Facility, net of unamortized discount
Long-term debt, net of an unamortized discount and debt issuance costs [Abstract]
Original Principal	2,150
Long-term debt, gross	$ 1,805		1,805
Average effective interest rate	5.00%	5.60%
Senior Notes due 2025
Long-term debt, net of an unamortized discount and debt issuance costs [Abstract]
Original Principal	$ 450
Annual Interest Rate	5.75%
Long-term debt, gross	$ 450		450
Senior Notes due 2026
Long-term debt, net of an unamortized discount and debt issuance costs [Abstract]
Original Principal	$ 615
Annual Interest Rate	6.50%
Long-term debt, gross	$ 615		615
Standard Bank Term Loan Facility
Long-term debt, net of an unamortized discount and debt issuance costs [Abstract]
Original Principal	222
Long-term debt, gross	$ 117		158
Average effective interest rate	9.50%	10.60%
Tikon Loan
Long-term debt, net of an unamortized discount and debt issuance costs [Abstract]
Long-term debt, gross	$ 16		16
Australian Government Loan
Long-term debt, net of an unamortized discount and debt issuance costs [Abstract]
Long-term debt, gross	$ 1		$ 1

Debt, Short-Term Debt (Details)

Debt, Short-Term Debt (Details) $ in Millions	Mar. 22, 2019	Mar. 31, 2020USD ($)	Mar. 31, 2020USD ($)	Sep. 30, 2019USD ($)	Mar. 31, 2019USD ($)	Dec. 31, 2019USD ($)	Sep. 22, 2017USD ($)
Line of Credit Facility [Abstract]
Short-term debt		$ 212	$ 212			$ 0
Loss on extinguishment of debt			0		$ (2)
Revolving Credit Facility
Line of Credit Facility [Abstract]
Proceeds from line of credit		200
Wells Fargo Revolver
Line of Credit Facility [Abstract]
Letters of credit issued and undrawn		30	30
Wells Fargo Revolver | Revolving Credit Facility
Line of Credit Facility [Abstract]
Short-term debt		125	125			0
Maximum borrowing capacity					350		$ 550
Loss on extinguishment of debt					$ (2)
Covenant, fixed charge coverage ratio, minimum	1
Standard Bank Revolver | Revolving Credit Facility
Line of Credit Facility [Abstract]
Short-term debt		34	34			0
Emirates Revolver | Revolving Credit Facility
Line of Credit Facility [Abstract]
Short-term debt		40	40			0
SABB Credit Facility
Line of Credit Facility [Abstract]
Short-term debt		$ 13	13			$ 0
Proceeds from line of credit			$ 13
ABSA Revolver | Maximum
Line of Credit Facility [Abstract]
Loss on extinguishment of debt				$ (1)

Debt, Narrative (Details)

Debt, Narrative (Details) - Subsequent Event	May 01, 2020USD ($)
Wells Faro Revolver, Standard Bank Credit Facility And Emirates Credit Facility | Line of Credit | Revolving Credit Facility
Debt Instrument [Line Items]
Repayments of debt	$ 200,000,000
Senior Notes | Senior Secured Notes due 2025
Debt Instrument [Line Items]
Interest rate	6.50%
Original principal	$ 500,000,000

Derivative Financial Instrume_2

Derivative Financial Instruments, Schedule of Derivative Assets and Liabilities at Fair Value (Details) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Total Derivatives, Assets at Fair Value	$ 6	$ 37
Total Derivatives, Accrued Liabilities at Fair Value	101	22
Derivatives Designated as Cash Flow Hedges
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Total Derivatives, Assets at Fair Value	6	30
Total Derivatives, Accrued Liabilities at Fair Value	91	22
Prepaid and other current assets
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Total Derivatives, Assets at Fair Value	1	34
Other long-term assets
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Total Derivatives, Assets at Fair Value	5	3
Currency Contracts | Derivatives Designated as Cash Flow Hedges
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Total Derivatives, Assets at Fair Value	6	30
Total Derivatives, Accrued Liabilities at Fair Value	37	0
Currency Contracts | Derivatives Not Designated as Cash Flow Hedges
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Total Derivatives, Assets at Fair Value	0	7
Total Derivatives, Accrued Liabilities at Fair Value	10	0
Interest Rate Swaps | Derivatives Designated as Cash Flow Hedges
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Total Derivatives, Assets at Fair Value	0	0
Total Derivatives, Accrued Liabilities at Fair Value	$ 54	$ 22

Derivative Financial Instrume_3

Derivative Financial Instruments, Narrative (Details) R in Millions, $ in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2020USD ($)	Mar. 31, 2019USD ($)	Mar. 31, 2020ZAR (R)	Mar. 31, 2020AUD ($)	Mar. 31, 2020USD ($)	Dec. 31, 2019ZAR (R)	Dec. 31, 2019AUD ($)	Dec. 31, 2019USD ($)	Jun. 30, 2019USD ($)
Derivative Financial Instruments [Abstract]
Accumulated other comprehensive loss					$ (829)			$ (606)
Cash flow hedge loss to be reclassified to earnings within twelve months	$ 25
Fair value of foreign currency contracts					10			1
Gains (losses) of foreign currency contracts	(16)	$ 5
Accumulated other comprehensive loss
Derivative Financial Instruments [Abstract]
Accumulated other comprehensive loss					(30)			30
Interest Rate Swaps
Derivative Financial Instruments [Abstract]
Notional amount									$ 750
Interest Rate Swaps | Accumulated other comprehensive loss
Derivative Financial Instruments [Abstract]
Accumulated other comprehensive loss					(54)			$ (22)
South African Rand Exchange Contract
Derivative Financial Instruments [Abstract]
Notional amount			R 2,900		163
Australian Dollar Exchange Contract
Derivative Financial Instruments [Abstract]
Notional amount				$ 691	422
Currency Contracts
Derivative Financial Instruments [Abstract]
Gain (loss) on fair value hedges recognized in earnings		$ 0
Currency Contracts | Net sales
Derivative Financial Instruments [Abstract]
Gain (loss) on fair value hedges recognized in earnings	1
Currency Contracts | Cost of goods sold
Derivative Financial Instruments [Abstract]
Gain (loss) on fair value hedges recognized in earnings	$ 4
Foreign Exchange Contract, South African Rand | Not Designated as Hedging Instrument
Derivative Financial Instruments [Abstract]
Notional amount			R 638		36
Foreign Exchange Contract, Australian Dollars | Not Designated as Hedging Instrument
Derivative Financial Instruments [Abstract]
Notional amount				$ 82	50
Foreign Exchange Contract, South African Rand | Not Designated as Hedging Instrument
Derivative Financial Instruments [Abstract]
Notional amount					40	R 712
Foreign Exchange Contract, Australian Dollars | Not Designated as Hedging Instrument
Derivative Financial Instruments [Abstract]
Notional amount					$ 54		$ 89

Fair Value (Details)

Fair Value (Details) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Interest Rate Swaps | Fair Value, Inputs, Level 2
Fair Value [Abstract]
Fair value of derivative contracts	$ 54	$ 22
Currency Contracts | Fair Value, Inputs, Level 2
Fair Value [Abstract]
Fair value of derivative contracts	41	37
Term Loan Facility | Fair Value, Inputs, Level 1
Fair Value [Abstract]
Fair value of debt	1,607	1,820
Standard Bank Term Loan Facility | Fair Value, Inputs, Level 2
Fair Value [Abstract]
Fair value of debt	117	158
Senior Notes due 2025 | Fair Value, Inputs, Level 1
Fair Value [Abstract]
Fair value of debt	375	459
Senior Notes due 2026 | Fair Value, Inputs, Level 1
Fair Value [Abstract]
Fair value of debt	557	636
Tikon Loan | Fair Value, Inputs, Level 2
Fair Value [Abstract]
Fair value of debt	16	16
Australian Government Loan | Fair Value, Inputs, Level 2
Fair Value [Abstract]
Fair value of debt	$ 1	$ 1

Asset Retirement Obligations (D

Asset Retirement Obligations (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2020	Dec. 31, 2019
Asset Retirement Obligation, Roll Forward Analysis [Roll Forward]
Beginning balance	$ 158	$ 74
Accretion expense	3	1
Remeasurement/translation	(21)	0
Settlements/payments	(2)	0
Measurement period adjustment related to Cristal acquisition	4	0
Ending balance	142	75
Asset retirement obligations [Abstract]
Current portion included in “Accrued liabilities”			$ 13	$ 16
Noncurrent portion included in “Asset retirement obligations”			129	142
Asset retirement obligations	$ 142	$ 75	$ 142	$ 158

Commitments and Contingencies (

Commitments and Contingencies (Details) - USD ($) $ in Millions	May 01, 2019	Jun. 30, 2019	May 31, 2019	Mar. 31, 2020
Unrecorded Unconditional Purchase Obligation, Fiscal Year Maturity [Abstract]
Remainder of 2020				$ 166
2021				77
2022				55
2023				41
2024				36
Thereafter				76
Commitments and Contingencies [Abstract]
Loss contingency				71
Provision for Hawkins Point Plant				61
Venator Materials PLC VS. Tronox Limited
Commitments and Contingencies [Abstract]
Damages sought		$ 400
Venator Materials PLC | Venator Materials PLC VS. Tronox Limited
Commitments and Contingencies [Abstract]
Damages sought			$ 75
Cristal, North America TiO2 Business | Discontinued Operations, Disposed of by Sale
Commitments and Contingencies [Abstract]
Proceeds from divestiture of business	$ 701
Letters of Credit
Commitments and Contingencies [Abstract]
Loss contingency				34
Bank Guarantees
Commitments and Contingencies [Abstract]
Loss contingency				$ 37

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Loss Attributable to Tronox Holdings plc (Details) - USD ($)	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance, beginning of period	$ 916,000,000	$ 862,000,000
Other comprehensive loss	(229,000,000)	(11,000,000)
Amounts reclassified from accumulated other comprehensive income (loss)	6,000,000
Acquisition of noncontrolling interest		(148,000,000)
Balance, end of period	679,000,000	680,000,000
Accumulated Other Comprehensive Loss
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance, beginning of period	(606,000,000)	(540,000,000)
Acquisition of noncontrolling interest		(61,000,000)
Balance, end of period	(829,000,000)	(612,000,000)
Cumulative Translation Adjustment
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance, beginning of period	(503,000,000)	(445,000,000)
Other comprehensive loss	(141,000,000)	(11,000,000)
Amounts reclassified from accumulated other comprehensive income (loss)	0
Acquisition of noncontrolling interest		(61,000,000)
Balance, end of period	(644,000,000)	(517,000,000)
Pension Liability Adjustment
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance, beginning of period	(104,000,000)	(95,000,000)
Other comprehensive loss	0	0
Amounts reclassified from accumulated other comprehensive income (loss)	1,000,000
Acquisition of noncontrolling interest		0
Balance, end of period	(103,000,000)	(95,000,000)
Unrealized Gains (Losses) on Hedges
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance, beginning of period	1,000,000	0
Other comprehensive loss	(88,000,000)	0
Amounts reclassified from accumulated other comprehensive income (loss)	5,000,000
Acquisition of noncontrolling interest		0
Balance, end of period	$ (82,000,000)	$ 0

Share-Based Compensation - Narr

Share-Based Compensation - Narrative (Details) $ / shares in Units, $ in Millions	3 Months Ended
	Mar. 31, 2020USD ($)vestingPeriod$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award, Additional General Disclosures [Abstract]
Award vesting period (in years)	3 years
Unrecognized compensation expense for all nonvested awards, adjusted for estimated forfeitures | $	$ 58
Weighted average period of recognition for unrecognized compensation expense	2 years 1 month 6 days
Options exercised in period (in shares)	0
Restricted Share Units (RSUs), Time-Based Awards | Board Members
Share-based Compensation Arrangement by Share-based Payment Award, Additional General Disclosures [Abstract]
Granted (in shares)	21,654
Restricted Share Units (RSUs), Time-Based Awards | Management
Share-based Compensation Arrangement by Share-based Payment Award, Additional General Disclosures [Abstract]
Granted (in shares)	1,577,273
Restricted Share Units (RSUs), Performance-Based Awards
Share-based Compensation Arrangement by Share-based Payment Award, Additional General Disclosures [Abstract]
Granted (in shares)	1,487,120
Restricted Share Units (RSUs), Performance-Based Awards | Share-based Payment Arrangement, Tranche One
Share-based Compensation Arrangement by Share-based Payment Award, Additional General Disclosures [Abstract]
Granted (in shares)	743,560
Award performance period (in years)	3 years
Grant date fair value (in dollars per share) | $ / shares	$ 10.07
Restricted Share Units (RSUs), Performance-Based Awards | Share-based Payment Arrangement, Tranche Two
Share-based Compensation Arrangement by Share-based Payment Award, Additional General Disclosures [Abstract]
Granted (in shares)	743,560
Number of performance periods | vestingPeriod	3

Share-Based Compensation - Weig

Share-Based Compensation - Weighted-Average Assumptions Utilized to Value Performance-Based Awards Based on Total Shareholder Return (Details) - Restricted Share Units (RSUs), Performance-Based Awards - Share-based Payment Arrangement, Tranche One	3 Months Ended
	Mar. 31, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Dividend yield	2.13%
Expected historical volatility	58.30%
Risk free interest rate	1.42%
Expected life (in years)	3 years

Pension and Other Postretirem_3

Pension and Other Postretirement Healthcare Benefits (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Pensions
Net periodic cost:
Service cost	$ 1	$ 0
Interest cost	5	3
Expected return on plan assets	(6)	(3)
Net amortization of actuarial loss and prior service credit	1	0
Total net periodic cost	1	0
Other Postretirement Benefit Plans
Net periodic cost:
Total net periodic cost	$ 1	$ 1

Pension and Other Postretirem_4

Pension and Other Postretirement Healthcare Benefits - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Multiemployer Plans, Pension | Netherlands | Cost of goods sold
Multiemployer Plans [Abstract]
Multiemployer contribution amount	$ 1	$ 1
Pensions
Multiemployer Plans [Abstract]
Expected future employer contributions, current fiscal year	16
Employer contributions	$ 4

Related Parties (Details)

Related Parties (Details) $ / shares in Units, R in Millions, $ in Millions	May 09, 2019USD ($)$ / sharesshares	Apr. 10, 2019USD ($)shares	Feb. 15, 2019ZAR (R)	Feb. 15, 2019USD ($)	Mar. 31, 2020USD ($)shares	Dec. 31, 2019USD ($)shares	Dec. 29, 2019USD ($)	May 09, 2018USD ($)
Related Parties [Abstract]
Ownership percentage					26.00%
Number of shares held by affiliate (in shares) | shares					14,700,000
Number of ordinary shares to be issued for acquisition (in shares) | shares		37,580,000,000,000
Shares owned (in shares) | shares					143,366,438	141,900,459
Transition Services Agreement
Related Parties [Abstract]
Reduction in selling, general and administrative expenses					$ 1
Cristal's Titanium Dioxide Business
Related Parties [Abstract]
Ownership percentage					26.00%
Cash consideration for acquisition		$ 1,675
Number of ordinary shares to be issued for acquisition (in shares) | shares		37,580,000
Shares owned (in shares) | shares					37,580,000
Slagger | Advanced Metal Industries Cluster Company Limited
Related Parties [Abstract]
Ownership percentage								90.00%
Loan commitment								$ 322
Loan made					$ 89
Slagger | Advanced Metal Industries Cluster Company Limited | Other long-term assets
Related Parties [Abstract]
Interest receivable					$ 4
Tronox Sands LLP
Related Parties [Abstract]
Payments to acquire interest in subsidiaries				$ 148
Exxaro
Related Parties [Abstract]
Amount due to related party						$ 4
Ownership percentage					10.30%
Exxaro | Exxaro Mineral Sands Transaction Completion Agreement
Related Parties [Abstract]
Stock repurchased, during period (in shares) | shares	14,000,000
Stock repurchased during period	$ 200
Stock repurchased, price per share (in dollars per share) | $ / shares	$ 14.319
Stock repurchase fees	$ 1
Discount percentage on volume weighted average share price	5.00%
Number of weighted average days	10 days
Exxaro | Tronox Sands LLP
Related Parties [Abstract]
Ownership percentage			26.00%	26.00%
Payments to acquire interest in subsidiaries | R			R 2,060
Exxaro | South African Subsidiaries
Related Parties [Abstract]
Ownership percentage					26.00%
Tasnee
Related Parties [Abstract]
Amount due to related party					$ 4
Receivable due from related parties					15
AMIC
Related Parties [Abstract]
Product sales					6
Affiliated Entity | Receivable from TiCl4 Product Sales | AMIC
Related Parties [Abstract]
Receivable due from related parties					2
Affiliated Entity | Purchase of Chlorine Gas
Related Parties [Abstract]
Purchases from related party					1
Affiliated Entity | Purchase of Chlorine Gas | Advanced Metal Industries Cluster and Toho Titanium Metal Co. Ltd (ATTM)
Related Parties [Abstract]
Amount due to related party					$ 1
Affiliated Entity | Advanced Metal Industries Cluster Company Limited | Acquisition of Assets Producing Metal Grade TiCl4
Related Parties [Abstract]
Notes receivable, related parties							$ 36

Segment Information (Details)

Segment Information (Details)	3 Months Ended
	Mar. 31, 2020customersegment	Mar. 31, 2019customer
Revenue, Major Customer [Line Items]
Number of operating segments | segment	1
Ten Largest Third-party TiO2 Customers | Revenue Benchmark | Customer Concentration Risk
Revenue, Major Customer [Line Items]
Number of largest customers representing specified percentage of net sales | customer	10	10
Concentration percentage	29.00%	42.00%