TRONOX HOLDINGS PLC, 10-Q filed on 5/1/2025
Quarterly Report
v3.25.1
Cover Page - shares
 3 Months Ended
Mar. 31, 2025
Apr. 21, 2025
Cover [Abstract]    
Document Type 10-Q  
Document Quarterly Report true  
Document Period End Date Mar. 31, 2025  
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  
Title of 12(b) Security Ordinary Shares, par value $0.01 per share  
Security Exchange Name NYSE  
Trading Symbol TROX  
Entity Current Reporting Status Yes  
Entity Interactive Data Current Yes  
Entity Filer Category Large Accelerated Filer  
Entity Small Business false  
Entity Emerging Growth Company false  
Entity Shell Company false  
Entity Common Stock, Shares Outstanding   158,462,500
Entity Central Index Key 0001530804  
Current Fiscal Year End Date --12-31  
Amendment Flag false  
Document Fiscal Year Focus 2025  
Document Fiscal Period Focus Q1  
v3.25.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Income Statement [Abstract]    
Net sales $ 738 $ 774
Cost of goods sold 639 654
Gross profit 99 120
Restructuring and other charges 86 0
Selling, general and administrative expenses 74 79
(Loss) Income from operations (61) 41
Interest expense (42) (42)
Interest income 2 4
Other expense, net (5) (1)
(Loss) Income before income taxes (106) 2
Income tax provision (5) (11)
Net loss (111) (9)
Net (loss) income attributable to noncontrolling interest 0 0
Net loss attributable to Tronox Holdings plc $ (111) $ (9)
Loss per share:    
Basic (in dollars per share) $ (0.70) $ (0.06)
Diluted (in dollars per share) $ (0.70) $ (0.06)
Weighted average shares outstanding, basic (in thousands) (in shares) 158,138 157,331
Weighted average shares outstanding, diluted (in thousands) (in shares) 158,138 157,331
v3.25.1
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Statement of Comprehensive Income [Abstract]    
Net loss $ (111) $ (9)
Other comprehensive income (loss):    
Foreign currency translation adjustments 51 (41)
Realized (gains) losses on derivatives reclassified from accumulated other comprehensive loss to the Condensed Consolidated Statement of Operations (net of tax benefit of nil for both the three months ended March 31, 2025 and 2024) 0 (1)
Unrealized (losses) gains on derivative financial instruments, (net of tax benefit of nil for both the three months ended March 31, 2025 and 2024) - See Note 13 (11) 10
Other comprehensive income (loss) 40 (32)
Total comprehensive (loss) income (71) (41)
Comprehensive income (loss) attributable to noncontrolling interest:    
Foreign currency translation adjustments 2 (1)
Comprehensive income (loss) attributable to noncontrolling interest 2 (1)
Comprehensive (loss) income attributable to Tronox Holdings plc $ (73) $ (40)
v3.25.1
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Parenthetical) - USD ($)
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Statement of Comprehensive Income [Abstract]    
Realized (gains) losses on derivatives reclassified from accumulated other comprehensive loss, net of tax expense (benefit) $ 0 $ 0
Unrealized gains (loss) on derivative instruments, net of tax expense (benefit) $ 0 $ 0
v3.25.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Current Assets    
Cash and cash equivalents $ 138 $ 151
Restricted cash 0 1
Accounts receivable (net of allowance for credit losses of $1 million and $1 million as of March 31, 2025 and December 31, 2024, respectively) 319 266
Inventories, net 1,605 1,551
Prepaid and other assets 129 184
Income taxes receivable 2 2
Total current assets 2,193 2,155
Noncurrent Assets    
Property, plant and equipment, net 1,922 1,927
Mineral leaseholds, net 614 616
Intangible assets, net 243 244
Lease right of use assets, net 137 140
Deferred tax assets 831 830
Other long-term assets 129 126
Total assets 6,069 6,038
Current Liabilities    
Accounts payable 478 499
Accrued liabilities 239 247
Short-term lease liabilities 23 24
Short-term debt 183 65
Long-term debt due within one year 38 35
Income taxes payable 0 4
Total current liabilities 961 874
Noncurrent Liabilities    
Long-term debt, net 2,753 2,759
Pension and postretirement healthcare benefits 86 85
Asset retirement obligations 191 172
Environmental liabilities 41 40
Long-term lease liabilities 106 107
Deferred tax liabilities 181 174
Other long-term liabilities 44 36
Total liabilities 4,363 4,247
Commitments and Contingencies - Note 16
Shareholders’ Equity    
Tronox Holdings plc ordinary shares, par value $0.01 — 158,462,071 shares issued and outstanding at March 31, 2025 and 157,938,056 shares issued and outstanding at December 31, 2024 2 2
Capital in excess of par value 2,089 2,084
Retained earnings 425 555
Accumulated other comprehensive loss (842) (880)
Total Tronox Holdings plc shareholders’ equity 1,674 1,761
Noncontrolling interest 32 30
Total equity 1,706 1,791
Total liabilities and equity $ 6,069 $ 6,038
v3.25.1
CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Current Assets    
Accounts receivable, net of allowance for credit losses $ 1 $ 1
Shareholders’ Equity    
Common stock, par value (in dollars per share) $ 0.01 $ 0.01
Common stock, shares issued (in shares) 158,462,071 157,938,056
Common stock, shares outstanding (in shares) 158,462,071 157,938,056
v3.25.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash Flows from Operating Activities:    
Net loss $ (111) $ (9)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation, depletion and amortization 71 72
Deferred income taxes 4 11
Share-based compensation expense 5 6
Amortization of deferred debt issuance costs and discount on debt 2 2
Restructuring and other charges 86 0
Other non-cash items affecting net income (loss) 12 16
Changes in assets and liabilities:    
Increase in accounts receivable, net of allowance for credit losses (49) (94)
(Increase) decrease in inventories, net (35) 11
Decrease in prepaid and other assets 18 16
Restructuring payments (2) 0
Decrease in accounts payable and accrued liabilities (22) (49)
Net changes in income tax payables and receivables (4) (3)
Changes in other non-current assets and liabilities (7) (8)
Cash used in operating activities (32) (29)
Cash Flows from Investing Activities:    
Capital expenditures (110) (76)
Loans 15 0
Cash used in investing activities (95) (76)
Cash Flows from Financing Activities:    
Repayments of short-term debt (6) (6)
Repayments of long-term debt (6) (5)
Proceeds from short-term debt 121 0
Dividends paid 0 (1)
Restricted stock and performance-based shares settled in cash for withholding taxes (1) 0
Cash provided by (used in) financing activities 108 (12)
Effects of exchange rate changes on cash and cash equivalents and restricted cash 5 (2)
Net decrease in cash and cash equivalents and restricted cash (14) (119)
Cash and cash equivalents and restricted cash at beginning of period 152 273
Cash and cash equivalents and restricted cash at end of period 138 154
Supplemental cash flow information:    
Interest paid, net 51 52
Income taxes paid $ 4 $ 3
v3.25.1
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY - USD ($)
$ in Millions
Total
Total Tronox Holdings plc Shareholders’ Equity
Tronox Holdings plc Ordinary Shares
Capital in Excess of par Value
Retained Earnings
Accumulated Other Comprehensive Loss
Non- controlling Interest
Beginning balance (in shares) at Dec. 31, 2023     156,794,000        
Beginning balance at Dec. 31, 2023 $ 1,980 $ 1,936 $ 2 $ 2,064 $ 684 $ (814) $ 44
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income (loss) (9) (9)     (9)    
Other comprehensive income (loss) (32) (31)       (31) (1)
Share-based compensation (in shares)     1,050,000        
Share-based compensation 6 6   6      
Shares cancelled (in shares)     (6,000)        
Ordinary share dividends (20) (20)     (20)    
Ending balance (in shares) at Mar. 31, 2024     157,838,000        
Ending balance at Mar. 31, 2024 $ 1,925 1,882 $ 2 2,070 655 (845) 43
Beginning balance (in shares) at Dec. 31, 2024 157,938,056   157,938,000        
Beginning balance at Dec. 31, 2024 $ 1,791 1,761 $ 2 2,084 555 (880) 30
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income (loss) (111) (111)     (111)    
Other comprehensive income (loss) 40 38       38 2
Share-based compensation (in shares)     641,000        
Share-based compensation 5 5   5      
Shares cancelled (in shares)     (117,000)        
Ordinary share dividends $ (19) (19)     (19)    
Ending balance (in shares) at Mar. 31, 2025 158,462,071   158,462,000        
Ending balance at Mar. 31, 2025 $ 1,706 $ 1,674 $ 2 $ 2,089 $ 425 $ (842) $ 32
v3.25.1
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (Parenthetical) - $ / shares
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Statement of Stockholders' Equity [Abstract]    
Ordinary share dividends (in dollars per share) $ 0.125 $ 0.125
v3.25.1
The Company
 3 Months Ended
Mar. 31, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
The Company The Company
Tronox Holdings plc (referred to herein as "Tronox", the "Company", "we", "us", or "our") operates titanium-bearing mineral sand mines and beneficiation operations in Australia and South Africa to produce feedstock materials that can be processed into TiO2 for pigment, high purity titanium chemicals, including titanium tetrachloride, and Ultrafine© titanium dioxide used in certain specialty applications. Our strategy is to be vertically integrated and produce enough feedstock materials to be as self-sufficient as possible in the production of TiO2 at our nine TiO2 pigment facilities located in the United States, Australia, Brazil, UK, France, the Netherlands, China and the Kingdom of Saudi Arabia (“KSA”). We believe that vertical integration is the best way to achieve our ultimate goal of delivering low cost, high-quality pigment to our coatings and other TiO2 customers throughout the world. The mining, beneficiation and smelting of titanium bearing mineral sands creates meaningful quantities of zircon, pig iron and the rare-earth bearing mineral, monazite, which we also supply to customers around the world.
We are a public limited company listed on the New York Stock Exchange and are registered under the laws of England and Wales.
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, 2024.
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, 2025, and its results of operations for the three months ended March 31, 2025 and 2024. 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. Certain prior period amounts have been reclassified to conform to the manner and presentation in the current period.
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, among other things, any potential impacts on the economy as a result of macroeconomic conditions, inflationary pressures, political instability, and supply chain disruptions.
Recently Issued Accounting Pronouncements
In December 2023, the FASB issued ASU 2023-09, "Income Taxes (Topic 740): Improvements to Income Tax Disclosures". The amendments in this update apply to all entities that are subject to Topic 740, Income Taxes. The standard requires disaggregated information about a reporting entity's effective tax rate reconciliation as well as information on income taxes paid. The amendments in this update are effective for annual periods beginning after December 15, 2024. The guidance will be applied on a prospective basis with the option to apply the standard retrospectively. Early adoption is permitted. We are currently evaluating any incremental disclosures required as a result of this standard.
In November 2024, the FASB issued ASU 2024-03, "Income Statement - Reporting Comprehensive Income-Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses". The amendments in this update apply to all public business entities. The standard requires that at each interim and annual reporting period an entity disclose additional information about specific expense categories in commonly presented expense captions within the notes to the financial statements. Further the amendments require that an entity include certain amounts that are already required to be disclosed by current GAAP in the same disclosure as the other disaggregation requirements, disclose a qualitative description of the amounts remaining in relevant expense captions that are not separately disaggregated quantitatively, and disclose the total amount of selling expenses and an entity's definition of selling expenses (in annual reporting periods). The amendments in this update are effective for annual period beginning after December 15, 2026 and interim periods beginning after December 15, 2027. Early adoption is permitted. The guidance should be applied either (1) prospectively to financial statements issued for reporting periods after the effective date of this update or (2) retrospectively to any or all prior periods presented in the financial statement. We are currently evaluating the impact this standard will have on our financial statements.
v3.25.1
Restructuring and Other Charges
 3 Months Ended
Mar. 31, 2025
Restructuring and Related Activities [Abstract]  
Restructuring and Other Charges Restructuring and Other Charges
In March 2025, Tronox announced that it has informed its Netherlands' labor force that it proposes to idle its 90,000 metric ton per year TiO2 plant in the Netherlands indefinitely, as a result of a strategic review it undertook of the Company's global asset footprint. The Company believes this decision will optimize its global production footprint and improve its capacity utilizations. Approximately 240 employees will be impacted by the action. As a result of this decision, the Company expects to record total restructuring and other related charges of approximately $130-160 million, $55-65 million of which is expected to be related to non-cash items, arising from idling site operations which is currently expected to be completed in the first half of 2026.
The Company recorded the following charge for the three months ended March 31, 2025 as a result of this action:
Three Months Ended March 31,
2025
Severance and employee benefits$8 
Idling activities6 
Asset retirement obligation adjustments11 
Contract abandonment and other charges7 
Total cash charges32 
Asset disposal charges53 
Other non-cash charges1 
Total non-cash charges54 
Total restructuring and other charges$86 
For the three months ended March 31, 2025, Tronox incurred $32 million of cash charges. These charges included $8 million in severance and employee separation benefits charges, $6 million for activities associated with idling site operations, $11 million associated with asset retirement obligation adjustments and $7 million of contract early termination charges. Tronox
expects to incur incremental expenses associated with these items through the first half of 2026 as severance and employee benefit obligations become due, site idling activities occur and contracts are terminated.
In addition, the Company has recorded a non-cash charge of $54 million during the three months ended March 31, 2025 primarily associated with asset write-downs and accelerated depreciation associated with assets which are not redeployable to other locations of the Company. Assets at the site will continue to be evaluated for redeployment to other locations throughout the idling process which could result in changes to the amount of asset write-downs and accelerated depreciation.
Rollforward of restructuring and other charges reserve

The following table shows a rollforward of restructuring and other charges reserves that will result in cash spending. These amounts exclude asset retirement obligations, which is included in "Asset retirement obligations" on the Condensed Consolidated Balance Sheet:
Amount
Balance at January 1, 2025$— 
Change in reserves21 
Cash payments (2)
Foreign currency translation and other— 
Balance at March 31, 2025$19 
Cash payments associated with the liability at March 31, 2025 are expected to occur through the second quarter of 2026. As of March 31, 2025, $11 million and $8 million are recorded within "Accrued liabilities" and "Other long-term liabilities", respectively, on the Condensed Consolidated Balance Sheet.
v3.25.1
Revenue
 3 Months Ended
Mar. 31, 2025
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" in the unaudited Condensed Consolidated Balance Sheets. As of March 31, 2025, and December 31, 2024, we did not have any material contract asset balances.
Contract liabilities represent our obligations to transfer products to a customer for which we have received consideration from the customer. From time to time, 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 both March 31, 2025 and December 31, 2024 were less than $1 million. Contract liability balances were reported as “Accounts payable” in the unaudited Condensed Consolidated Balance Sheets.  All material contract liabilities as of December 31, 2024 were recognized as revenue in “Net sales” in the unaudited Condensed Consolidated Statements of Operations during the first quarter of 2025.
Disaggregation of Revenue
We operate under one operating and reportable segment, Tronox. See Note 21 for further details. 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 March 31,
20252024
North America$198 $192 
South and Central America46 46 
Europe, Middle-East and Africa312 309 
Asia Pacific182 227 
Total net sales$738 $774 

Net sales from external customers for each similar type of product were as follows:
Three Months Ended March 31,
20252024
TiO2
$584 $605 
Zircon69 88 
Other products85 81 
Total net sales$738 $774 
Other products mainly include pig iron, TiCl4 and other mining products.
During the three months ended March 31, 2025 and 2024, our ten largest third-party customers represented 39% and 37%, respectively, of our consolidated net sales. During both the three months ended March 31, 2025 and 2024, no single customer accounted for 10% of our consolidated net sales.
v3.25.1
Income Taxes
 3 Months Ended
Mar. 31, 2025
Income Tax Disclosure [Abstract]  
Income Taxes Income Taxes
Our operations are conducted through various subsidiaries in a number of countries throughout the world. We have provided for income taxes based upon the tax laws and rates in the countries in which operations are conducted and income is earned.
Income before income taxes is comprised of the following:
Three Months Ended
March 31,
20252024
Income tax provision$(5)$(11)
(Loss) income before income taxes$(106)$2 
Effective tax rate(5)%550 %
Tronox Holdings plc, a U.K. public limited company is the parent company for the business group, and the statutory tax rate in the U.K. at both March 31, 2025 and 2024 was 25%. The effective tax rates for both the three months ended March 31, 2025 and 2024 are impacted by a variety of factors including income and losses in jurisdictions with valuation allowances, non-taxable income and expense items, prior year accruals, and our jurisdictional mix of income at tax rates different than the U.K. statutory rate.

At each reporting date, we perform an analysis to determine the likelihood of realizing our deferred tax assets and whether any valuation allowances are required. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income (including the reversals of deferred tax liabilities) during the periods in which those deferred tax assets will become deductible. Our analysis takes into consideration all available positive and negative evidence, including prior operating results, the nature and reason for any losses, our forecast of future taxable income, utilization of tax planning strategies, and the dates on which any deferred tax assets are expected to expire. These assumptions and estimates require a significant amount of judgment and are made based on current and projected circumstances and conditions.

We continue to maintain full valuation allowances related to the total net deferred tax assets in Australia, Brazil, the Netherlands and the United Kingdom, as we cannot objectively assert that these deferred tax assets are more likely than not to be realized. Until these valuation allowances are eliminated, 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 China, South Africa and the United States.

During the three months ended March 31, 2025, the Company received notification that the Australian Taxation Office ("ATO") initiated an audit of Tronox Limited, Tronox Holdings plc and their associates for the calendar years 2017 - 2022. The Company is responding to requests for information on this audit.

The Company currently has no uncertain tax positions recorded. We believe that we have made adequate provisions for income taxes that may be payable with respect to years open for examination or currently under examination. With regard to years under examination, 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.

During the year ended December 31, 2023, the United Kingdom enacted legislation consistent with guidance from the Organization for Economic Co-operation and Development ("OECD") for the implementation of the Global Anti-Base Erosion Model Rules (Pillar Two). Additionally, various other jurisdictions have now implemented domestic minimum taxes which are in effect. Neither the UK multinational top-up tax nor any jurisdiction's domestic minimum tax are expected to have a material impact on our income tax provisions for 2025.

During the year ended December 31, 2024, Australia enacted legislation which changed its thin capitalization regime. The Company is continuing to analyze the full impact of this change and has posted both permanent and timing adjustments based on its current understanding of the new Australian legislation. As the ATO issues future guidance around its requirements in this area, the Company will further refine its calculations. The impacts of these adjustments are offset by a full valuation allowance for Australia.
v3.25.1
Loss Per Share
 3 Months Ended
Mar. 31, 2025
Earnings Per Share [Abstract]  
Loss Per Share Loss Per Share
The computation of basic and diluted loss per share for the periods indicated is as follows:
Three Months Ended March 31,
20252024
Numerator - Basic and Diluted:
Net loss$(111)$(9)
Less: Net (loss) income attributable to noncontrolling interest— — 
Net loss available to ordinary shares$(111)$(9)
Denominator - Basic and Diluted:
Weighted-average ordinary shares, basic (in thousands)158,138 157,331 
Weighted-average ordinary shares, diluted (in thousands)158,138 157,331 
Basic net loss per ordinary share$(0.70)$(0.06)
Diluted net loss per ordinary share$(0.70)$(0.06)
Net loss per ordinary share amounts were calculated from exact, not rounded net loss and share information.  Anti-dilutive shares not recognized in the diluted net loss per share calculation for the three months ended March 31, 2025 and 2024 were as follows:
Shares
Three Months Ended March 31,
20252024
Options— 4,397 
Restricted share units5,215,774 1,285,008 
v3.25.1
Accounts Receivable Securitization Program
 3 Months Ended
Mar. 31, 2025
Transfers and Servicing [Abstract]  
Accounts Receivable Securitization Program Accounts Receivable Securitization Program
On March 15, 2022, the Company entered into an accounts receivable securitization program (“Securitization Facility”) with a financial institution ("Purchaser"), through our wholly owned special purpose bankruptcy-remote subsidiary Tronox Securitization LLC (“ SPE”). As the Company does not maintain effective control over the sold receivables, we derecognize the sold receivables from our unaudited Condensed Consolidated Balance Sheet and classify the cash proceeds as source of cash from operating activities in our unaudited Condensed Consolidated Statement of Cash Flows.
In March 2025, the Securitization Facility was amended (the "Fifth Amendment") to extend the program term to March 2028. The facility limit remains at $230 million.
The program is structured on a revolving basis under which cash collections from receivables are used to fund additional purchases of receivables at 100% face value, not to exceed the facility limit. As of March 31, 2025 and December 31, 2024, the total value of accounts receivables sold under the Securitization Facility and derecognized from the Company's unaudited Condensed Consolidated Balance Sheet was $230 million and $215 million, respectively. As a result of periodic decreases in accounts receivable sold to the Purchaser, at December 31, 2024 the Company recorded $15 million due to the Purchaser within "Accounts payable" on the Condensed Consolidated Balance Sheet. This amount was paid in January 2025. There was no corresponding amount in Accounts Payable as of March 31, 2025. Additionally, at March 31, 2025 and December 31, 2024, we retained approximately $138 million and $109 million, respectively, of unsold receivables which we pledged as collateral for the sold receivables.
The following table sets forth a summary of the receivables sold and fees incurred under the program during the related periods:
Three Months Ended March 31,
20252024
Cash proceeds from collections reinvested in the program$256 $222 
Incremental accounts receivables sold271 236 
Fees incurred1
4 3 
1 Amounts relate to monthly utilization of the Securitization Facility and are recorded in "Other expense, net" in our unaudited Condensed Consolidated Statement of Operations.
v3.25.1
Inventories, Net
 3 Months Ended
Mar. 31, 2025
Inventory Disclosure [Abstract]  
Inventories, Net Inventories, Net
Inventories, net consisted of the following:
March 31, 2025December 31, 2024
Raw materials$327 $329 
Work-in-process137 129 
Finished goods, net899 855 
Materials and supplies, net242 238 
Inventories, net$1,605 $1,551 
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, 2025 and December 31, 2024, there was approximately $60 million and $59 million, respectively, of inventory that is not expected to be sold within one year and as such, has been recorded in "Other long-term assets" on the Condensed Consolidated Balance Sheets.
At March 31, 2025 and December 31, 2024, inventory obsolescence reserves primarily for materials and supplies were $43 million and $44 million, respectively. Reserves for lower of cost or market and net realizable value were $27 million and $28 million at March 31, 2025 and December 31, 2024, respectively.
v3.25.1
Property, Plant and Equipment, Net
 3 Months Ended
Mar. 31, 2025
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, 2025December 31, 2024
Land and land improvements$238 $236 
Buildings418 407 
Machinery and equipment2,792 2,621 
Construction-in-progress404 490 
Other37 35 
Subtotal3,889 3,789 
Less: accumulated depreciation(1,967)(1,862)
Property, plant and equipment, net$1,922 $1,927 
Substantially all of the property, plant and equipment, net is pledged as collateral for our debt.
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 March 31,
20252024
Cost of goods sold$53 $56 
Selling, general and administrative expenses1 1 
Total$54 $57 
v3.25.1
Mineral Leaseholds, Net
 3 Months Ended
Mar. 31, 2025
Extractive Industries [Abstract]  
Mineral Leaseholds, Net Mineral Leaseholds, Net
Mineral leaseholds, net of accumulated depletion, consisted of the following:
March 31, 2025December 31, 2024
Mineral leaseholds$1,258 $1,249 
Less: accumulated depletion(644)(633)
Mineral leaseholds, net$614 $616 

Depletion expense relating to mineral leaseholds recorded in “Cost of goods sold” in the unaudited Condensed Consolidated Statements of Operations was $8 million and $7 million during the three months ended March 31, 2025 and 2024, respectively.
v3.25.1
Intangible Assets, Net
 3 Months Ended
Mar. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets, Net Intangible Assets, Net
Intangible assets, net of accumulated amortization, consisted of the following:
March 31, 2025December 31, 2024
Gross CostAccumulated
Amortization		Net Carrying
Amount		Gross CostAccumulated
Amortization		Net Carrying
Amount
Customer relationships$292 $(275)$17 $291 $(270)$21 
TiO2 technology
94 (53)41 94 (51)43 
Internal-use software and other247 (62)185 239 (59)180 
Intangible assets, net$633 $(390)$243 $624 $(380)$244 
As of March 31, 2025 and December 31, 2024, internal-use software included approximately $122 million and $116 million, respectively, of capitalized software costs which are not being amortized as the software is not ready for its intended use.
The table below summarizes amortization expense related to intangible assets for the periods presented, recorded in the specific line items in our unaudited Condensed Consolidated Statements of Operations:
Three Months Ended March 31,
20252024
Cost of goods sold$2 $1 
Selling, general and administrative expenses7 7 
Total$9 $8 
Estimated future amortization expense related to intangible assets is $33 million for the remainder of 2025, $28 million for 2026, $32 million for 2027, $32 million for 2028, $30 million for 2029 and $88 million thereafter.
v3.25.1
Balance Sheet and Cash Flow Supplemental Information
 3 Months Ended
Mar. 31, 2025
Payables and Accruals [Abstract]  
Balance Sheet and Cash Flow Supplemental Information Balance Sheet and Cash Flow Supplemental Information
Accrued liabilities consisted of the following:
March 31, 2025December 31, 2024
Employee-related costs and benefits$99 $107 
Related party payables12 13 
Interest3 17 
Sales rebates43 40 
Taxes other than income taxes9 9 
Asset retirement obligations14 14 
Other accrued liabilities59 47 
Accrued liabilities$239 $247 
Additional supplemental cash flow information for the three months ended March 31, 2025 and 2024 and as of March 31, 2025 and December 31, 2024 is as follows:
Three Months Ended March 31,
Supplemental non cash information:20252024
Operating activities - Chloride slag inventory purchases made from AMIC (including VAT)$11 $18 
Operating activities - MGT sales made to AMIC$2 $2 
Investing activities - In-kind receipt of AMIC loan repayment$11 $18 
Financing activities - Repayment of MGT loan$2 $2 
March 31, 2025December 31, 2024
Capital expenditures acquired but not yet paid$51 $91 
v3.25.1
Debt
 3 Months Ended
Mar. 31, 2025
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
Principal		Annual
Interest Rate		Maturity
Date		March 31, 2025December 31, 2024
2024 Term Loan Facility, net of unamortized discount(1)
741 Variable4/4/2029736 735 
2024-B Term Loan Facility, net of unamortized discount(1)
902 Variable9/30/2031894 896 
Senior Notes due 2029 1,075 4.625 %3/15/20291,075 1,075 
RMB Term Loan Facility(1)
64 Variable8/16/202957 58 
Australian Government Loan, net of unamortized discountN/AN/A12/31/20361 1 
MGT Loan(2)
36VariableVariable17 19 
Finance leases41 42 
Long-term debt2,821 2,826 
Less: Long-term debt due within one year(38)(35)
Debt issuance costs(30)(32)
Long-term debt, net$2,753 $2,759 
_______________
(1)The average effective interest rate on the 2024 Term Loan Facility (including the impacts of the interest rate swaps), the 2024-B Term Loan Facility (including the impacts of the interest rate swaps), the Standard Bank Term Loan Facility and the RMB Term Loan Facility was 7.3%, 6.5%, and 10.1%, respectively, during the three months ended March 31, 2025. The average effective interest rate on the previous Term Loan Facility (including the impacts of the interest rate swaps), the previous 2022 Term Loan Facility, the previous 2023 Term Loan Facility and the previous Standard Bank Term Loan Facility was 5.7%, 9.0%, 9.2% and 10.6%, respectively, during the three months ended March 31, 2024. As of March 31, 2025, the applicable margin on the 2024 Term Loan Facility, the 2024-B Term Loan Facility and the RMB Term Loan Facility was 2.25%, 2.50% and 2.35%, respectively.
(2)The MGT loan is a related party debt facility. The average effective interest rate on the MGT loan was 6.1% and 6.0% during the three months ended March 31, 2025 and March 31, 2024, respectively.
Short-Term Debt
Short-term debt consisted of the following:
Annual Interest RateMaturity DateMarch 31, 2025December 31, 2024
New Cash Flow Revolver(1)
Variable8/15/2029$50 $33 
RMB Revolving Credit Facility(1)
Variable8/16/202760 21 
Emirates Revolver(1)
Variable6/4/202558 — 
SABB Credit Facility(1)
Variable12/16/202511 — 
Insurance premium financing8.6 %5/31/20254 11 
Short-term debt$183 $65 
(1) The average effective interest rate on the new Cash Flow Revolver, the RMB Revolving Credit Facility, the Emirates Revolver, and the SABB Credit Facility was 7.9%, 9.63%, 5.80%, and 7.11%, respectively, during the three months ended
March 31, 2025. As of March 31, 2025, the applicable margin on the new Cash Flow Revolver, the RMB Revolving Credit Facility, the Emirates Revolver, and the SABB Credit Facility was 2.25%, 2.25%, 1.75%, and 1.50%, respectively.
As of April 28, 2025, the total outstanding principal balance on our short-term debt facilities was approximately $212 million (excluding the insurance premium financing).
Insurance premium financing
In August 2024, the Company entered into a $29 million insurance premium financing agreement with a third-party financing company. The financing balance required a 37% down payment and is repaid in monthly installments over 9 months at an 8.6% fixed annual interest rate. As of March 31, 2025, the financing balance was $4 million and is recorded in "Short-term debt" in the Condensed Consolidated Balance Sheet.
Debt Covenants
As of March 31, 2025, we are in compliance with all financial covenants in our debt facilities.
v3.25.1
Derivative Financial Instruments
 3 Months Ended
Mar. 31, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Derivative Financial Instruments Derivative Financial Instruments
Derivatives recorded on the Condensed Consolidated Balance Sheets:
The following table is a summary of the fair value of derivatives outstanding at March 31, 2025 and December 31, 2024:
Fair Value
March 31, 2025December 31, 2024
Assets(a) Accrued Liabilities Assets(a)Accrued Liabilities
Derivatives Designated as Cash Flow Hedges
Currency Contracts $— $8 $— $13 
Interest Rate Swaps $18 $— $33 $— 
Total Hedges $18 $8 $33 $13 
Derivatives Not Designated as Cash Flow Hedges
Currency Contracts $— $— $1 $5 
Total Derivatives $18 $8 $34 $18 
(a) At March 31, 2025 and December 31, 2024, current assets of $18 million and $34 million, respectively, are recorded in prepaid and other current assets on the Condensed Consolidated Balance Sheets.
Derivatives' Impact on the Condensed Consolidated Statement of Operations:
The following table summarizes the impact of the Company's derivatives on the unaudited Condensed Consolidated Statement of Operations:
Amount of Pre-Tax Gain (Loss) Recognized in Earnings Amount of Pre-Tax Gain (Loss) Recognized in Earnings
Revenue Cost of Goods SoldOther expense, netCost of Goods SoldOther expense, net
Three Months Ended March 31, 2025Three Months Ended March 31, 2024
Derivatives Not Designated as Hedging Instruments
Currency Contracts$— $— $— $— $(6)
Derivatives Designated as Hedging Instruments
Natural Gas Hedges$— $— $— $(1)$— 
Total Derivatives $— $— $— $(1)$(6)
Interest Rate Risk
As a result of the 2024 Amendment associated with the 2024 Term Loan Facility, the Company noted that the hedged transaction associated with the interest rate swap with a notional value of $200 million (which converted the variable rate to a fixed rate for a portion of the 2022 Term Loan Facility) had changed as the hedged transaction would now convert the variable rate to a fixed rate for a portion of the 2024 Term Loan Facility. There were no amendments to the terms of the $200 million interest rate swap, including the notional value, index rate, or expiration date as a result of the 2024 Amendment. However, given the change in the hedged transaction, we completed a hedge effectiveness test and determined that this hedge instrument continues to be highly effective at achieving offsetting cash flows related to the hedged transaction, enabling us to continue to apply hedge accounting over the remaining term of this hedge relationship.
In line with the original maturity date, one of the interest rate swap agreements (notional value of $250 million) expired in September 2024. As a result of this, on September 26, 2024, the Company entered into two new interest-rate swap agreements for a notional of $125 million each with two counterparty banks, for an aggregate notional of $250 million. These new agreements are effective as of September 30, 2024 and will mature on September 30, 2031, in line with the maturity date of the 2024-B Term Loan Facility following Amendment No.6. The Company has designated these two new hedges as cash flow hedges with the objective of ensuring that the Company continues to achieve the offsetting effect to the interest rate volatility associated with the $250 million portion of the 2024-B Term Loan Facility.
Additionally, on September 26, 2024, the counterparty bank associated with one of the existing interest rate swap contracts (notional value of $250 million) novated its rights and obligations in the interest rate swap contracts to a new counterparty. No other terms and conditions of the interest rate swap contract were impacted by this transaction. We also determined that it is probable the new counterparty will perform its obligations under the interest rate swap agreements. However, following the novation, the Company terminated the existing interest rate swap agreement and simultaneously entered into a new interest rate swap agreement with the new counterparty bank with an effective date of September 30, 2024 and expiring on September 30, 2031 (in line with the maturity date of the 2024-B Term Loan Facility). At the time of this change, the Company determined that the interest payments hedged are still probable to occur, therefore, the gains accumulated of $3 million on the previous interest rate swap are being amortized into interest expense through March 11, 2028, the original maturity of the previous term loan agreement. As a result of this transaction, we completed a hedge effectiveness test and determined that this hedge instrument is highly effective at achieving offsetting cash flows related to the hedged transaction, enabling us to apply hedge accounting over the term of the new hedge relationship.
As of March 31, 2025, the Company maintains a total of $950 million of interest rate swaps (with $450 million maturing in March 2028 and $500 million maturing in September 2031) with the objective in using the interest-rate swap agreements to add stability to interest expense and to manage the Company's 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 accumulated other comprehensive loss and are subsequently reclassified into interest expense in the same periods during which the hedged transactions affect earnings.
At March 31, 2025 and December 31, 2024, the net unrealized gain of $11 million and the net unrealized gain of $26 million, respectively, was recorded in "Accumulated other comprehensive loss" on the unaudited Condensed Consolidated Balance Sheet. For the three months ended March 31, 2025, the amounts recorded in interest expense related to the interest-rate swap agreements was $2 million, of which less than $1 million was reclassified from "Accumulated other comprehensive loss" to interest expense. For the three months ended March 31, 2024, the net amounts recorded in interest expense related to the interest-rate swap agreements was $8 million, of which $2 million was reclassified from "Accumulated other comprehensive loss" to interest expense.
Foreign Currency Risk
From time to time, we enter into foreign currency contracts used to hedge forecasted third party non-functional currency sales for our South African subsidiaries. From time to time, we enter into foreign currency contracts used to hedge forecasted non-functional currency cost of goods sold and forecasted non-functional currency selling, general and administrative expenses ("SG&A expenses") for our Australian subsidiaries. Historically, we have used a combination of zero-cost collars or forward contracts to reduce the exposure.  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, costs of goods sold or SG&A expenses in the period in which the forecasted transaction affects earnings or are recognized in other expense, net when the transactions are no longer probable of occurring. As of March 31, 2025, we had notional amounts of 404 million Australian dollars ($252 million at the March 31, 2025 exchange rate) that expire between April 24, 2025 and December 24, 2025 to reduce the exposure of our Australian subsidiaries’ cost of sales to fluctuations in currency rates. As of March 31, 2025, we had notional amounts of 19 million Australian dollars ($12 million at the March 31, 2025 exchange rate) that expire between April 24, 2025 and December 24, 2025 to reduce the exposure of our Australian subsidiaries’ SG&A expenses to fluctuations in currency rates. As of March 31, 2025, we had no outstanding amounts to reduce the exposure of our South African subsidiaries' third party sales to fluctuations in currency rates. At March 31, 2025, there was a net unrealized gain of $10 million recorded in "Accumulated other comprehensive loss" on the unaudited Condensed Consolidated Balance Sheet, which is expected to be fully recognized in earnings over the next twelve months. At December 31, 2024, there was a net loss of $14 million recorded in "Accumulated other comprehensive loss" on the Condensed Consolidated Balance Sheet.
From time to time, we enter into foreign currency contracts for the South African Rand, Australian Dollar, Euro, Pound Sterling, and Saudi Riyal to reduce exposure of our subsidiaries’ balance sheet accounts not denominated in our subsidiaries’ functional currency to fluctuations in foreign currency exchange rates. Historically, we have used forward contracts to reduce the exposure.  For accounting purposes, these foreign currency contracts are not considered hedges. The change in fair value associated with these contracts is recorded in “Other expense, net” within the unaudited Condensed Consolidated Statement of Operations and partially offsets the change in value of third party and intercompany-related receivables not denominated in the functional currency of the subsidiary. At March 31, 2025, there was (i) 1.3 billion South African Rand (or approximately $71 million at March 31, 2025 exchange rate), (ii) 138 million Australian dollars (or approximately $86 million at the March 31, 2025 exchange rate), (iii) 26 million Pound Sterling (or approximately $34 million at the March 31, 2025 exchange rate), (iv) 56 million Euro (or approximately $60 million at the March 31, 2025 exchange rate), and (v) 145 million Saudi Riyal (or approximately $39 million at the March 31, 2025 exchange rate) of notional amounts of outstanding foreign currency contracts. At December 31, 2024, there was (i) 1.4 billion South African Rand (or approximately $76 million at the March 31, 2025 exchange rate), (ii) 113 million Australian dollars (or approximately $71 million at the March 31, 2025 exchange rate), (iii) 34 million Pound Sterling (or approximately $44 million at the March 31, 2025 exchange rate), (iv) 91 million Euro (or approximately $98 million at the March 31, 2025 exchange rate) and (v) 71 million Saudi Riyal (or approximately $19 million at the March 31, 2025 exchange rate) of notional amounts of outstanding foreign currency contracts.
v3.25.1
Fair Value
 3 Months Ended
Mar. 31, 2025
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, 2025 and December 31, 2024:
March 31,
2025		December 31,
2024
AssetLiability AssetLiability
2024 Term Loan Facility— 724 — 744 
2024-B Term Loan Facility— 880 — 904 
RMB Term Loan Facility— 57 — 58 
Senior Notes due 2029— 918 — 966 
Australian Government Loan— 1 — 1 
MGT Loan17 — 19 
Interest rate swaps18 — 33 — 
Foreign currency contracts— 8 1 18 
We determined the fair value of the 2024 Term Loan Facility, the 2024-B Term Loan Facility and the Senior Notes due 2029 using quoted market prices, which under the fair value hierarchy is a Level 1 input. We determined the fair value of the RMB Term Loan Facility 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 and MGT 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, natural gas hedges 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.
v3.25.1
Asset Retirement Obligations
 3 Months Ended
Mar. 31, 2025
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
March 31,
20252024
Beginning balance$186 $186 
Additions1 5 
Accretion expense5 5 
Remeasurement/translation3 (7)
Other, including change in estimates1
12 — 
Settlements/payments(2)(1)
Balance, March 31,$205 $188 
1 - Other, including change in estimates includes a charge of $11 million related to the Botlek plant shutdown recorded in "Restructuring and other charges" on the condensed consolidated statement of operations for three months ended March 31, 2025. Refer to note 2 for further details.
March 31, 2025December 31, 2024
Current portion included in “Accrued liabilities”$14 $14 
Noncurrent portion included in “Asset retirement obligations”191 172 
Asset retirement obligations$205 $186 
v3.25.1
Commitments and Contingencies
 3 Months Ended
Mar. 31, 2025
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, 2025, purchase commitments were $364 million for the remainder of 2025, $291 million for 2026, $239 million for 2027, $172 million for 2028, $163 million for 2029, and $2,218 million thereafter.
Letters of Credit—At March 31, 2025, we had outstanding letters of credit and bank guarantees of $139 million, of which $59 million were letters of credit (including $47 million is related to the sale of Hawkins Point as discussed below), and $80 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 is 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 TiO2 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 TiO2 business of Cristal in April 2019. On December 21, 2022, we sold the Hawkins Point Plant to the Maryland Port Administration ("MPA"), a state agency controlled by the Maryland Department of Transportation. Pursuant to the terms of the transaction, MPA became the lead party in developing and implementing appropriate measures to address, treat, control, and mitigate the environmental conditions at the property under the regulatory oversight of the Maryland Department of the Environment ("MDE"). Under MPA ownership, the Hawkins Point Plant will be utilized for storage and beneficial reuse of dredged material from the Port of Baltimore. In exchange for transferring ownership of the site to MPA, Tronox has agreed to make scheduled, annual payments to MPA which together with scheduled, annual contributions from MPA will be used to remediate the property. The sale of the property to MPA did not have a material impact to the Consolidated Statement of Operations. As of March 31, 2025, we have a provision of $41 million included in "Environmental liabilities" in our Condensed Consolidated Balance Sheet for the Hawkins Point Plant consistent with the accounting policy described above.
Other Matters—We are subject to a number of other lawsuits, investigations and disputes (some of which involve substantial amounts claimed) arising out of the conduct of our business, including matters relating to commercial transactions, prior acquisitions and divestitures, including our acquisition of Cristal, employee benefit plans, intellectual property, and environmental, health and safety matters. We recognize a liability for any contingency that is probable of occurrence and reasonably estimable. We continually assess the likelihood of adverse judgments of outcomes in these matters, as well as potential ranges of possible losses (taking into consideration any insurance recoveries), based on a careful analysis of each matter with the assistance of outside legal counsel and, if applicable, other experts.
v3.25.1
Accumulated Other Comprehensive Loss Attributable to Tronox Holdings plc and Other Equity Items
 3 Months Ended
Mar. 31, 2025
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Accumulated Other Comprehensive Loss Attributable to Tronox Holdings plc and Other Equity Items Accumulated Other Comprehensive Loss Attributable to Tronox Holdings plc and Other Equity Items
The tables below present changes in accumulated other comprehensive loss by component for the three months ended March 31, 2025 and 2024.
Cumulative
Translation
Adjustment		Pension
Liability
Adjustment		Unrealized
Gains
(Losses) on
Hedges		Total
Balance, January 1, 2025$(801)$(84)$5 $(880)
Other comprehensive income (loss)49 — (11)38 
Amounts reclassified from accumulated other comprehensive loss— — — — 
Balance, March 31, 2025$(752)$(84)$(6)$(842)

Cumulative
Translation
Adjustment		Pension
Liability
Adjustment		Unrealized
Gains
(Losses) on
Hedges		Total
Balance, January 1, 2024$(729)$(92)$7 $(814)
Other comprehensive (loss) income(40)— 10 (30)
Amounts reclassified from accumulated other comprehensive loss— — (1)(1)
Balance, March 31, 2024$(769)$(92)$16 $(845)
Repurchase of Common Stock
On February 21, 2024, in connection with the expiration in February 2024 of the Company's previous share repurchase program, the Company's Board of Directors authorized the repurchase of up to $300 million of the Company's stock through February 21, 2027. During the three months ended March 31, 2025, we made no repurchases of the Company's stock.
v3.25.1
Share-Based Compensation
 3 Months Ended
Mar. 31, 2025
Share-Based Payment Arrangement [Abstract]  
Share-Based Compensation Share-Based Compensation
Restricted Share Units (“RSUs”)
2025 Grant - During the three months ended March 31, 2025, the Company granted both time-based and performance-based awards to certain members of management. A total of 1,489,774 of time-based awards were granted to management which will vest ratably over a three-year period ending March 5, 2028. A total of 1,476,938 of performance-based awards were granted, of which 738,469 of the awards vest based on a relative Total Shareholder Return ("TSR") calculation and 738,469 of the awards vest based on certain performance metrics of the Company. The non-TSR performance-based awards vest on March 5, 2028 based on the actual 2027 annual return on invested capital (ROIC). Similar to the Company's historical TSR awards granted in prior years, the TSR awards vest based on the Company's three-year TSR versus the peer group performance levels. Given these terms, the TSR metric is considered a market condition for which we used a Monte Carlo simulation to determine the weighted average grant date fair value of $8.99. The following weighted average assumptions were utilized to value the TSR grants:
2025
Dividend yield— %
Expected historical volatility48.8 %
Risk free interest rate4.30 %
Expected life (in years)3
The unrecognized compensation cost associated with all unvested awards at March 31, 2025 was $43 million, adjusted for estimated forfeitures, which is expected to be recognized over a weighted-average period of approximately 2.3 years.
During the three months ended March 31, 2025 and 2024, we recorded $5 million and $6 million, respectively, of stock compensation expense.
v3.25.1
Pension and Other Postretirement Healthcare Benefits
 3 Months Ended
Mar. 31, 2025
Retirement Benefits [Abstract]  
Pension and Other Postretirement Healthcare Benefits Pension and Other Postretirement Healthcare Benefits
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,
20252024
Net periodic cost:
Service cost$1 $1 
Interest cost4 4 
Expected return on plan assets(5)(5)
Total net periodic cost$— $— 
The components of net periodic cost associated with our postretirement healthcare plans recognized in the unaudited Condensed Consolidated Statements of Operations were as follows:
Other Postretirement Benefit Plans
Three Months Ended March 31,
20252024
Net periodic cost:
Interest cost1 1 
Total net periodic cost$1 $1 
During the three months ended March 31, 2025, the Company made contributions to its pension plans of $1 million. The Company expects to make approximately $8 million of pension contributions for the remainder of 2025.
For both the three months ended March 31, 2025 and 2024, we contributed $1 million to the Netherlands Multiemployer Plan, which was primarily recognized in “Cost of goods sold” in the unaudited Condensed Consolidated Statement of Operations.
v3.25.1
Related Parties
 3 Months Ended
Mar. 31, 2025
Related Party Transactions [Abstract]  
Related Parties Related Parties
Tasnee / Cristal
At March 31, 2025, Cristal International Holdings B.V. (formerly known as Cristal Inorganic Chemical Netherlands Cooperatief W.A.), a subsidiary of Tasnee, owned 37,580,000 shares of Tronox, or a 24% ownership interest.
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”). The AMIC Debt would remain outstanding debt of the SPV upon exercise of the Option. The Option may be exercised if the Slagger achieves certain production criteria related to sustained quality and tonnage of slag produced (the “Option Criteria”). Likewise, AMIC may require us to acquire the Slagger on the same terms if the Option Criteria are satisfied. Furthermore,
pursuant to the Option Agreement we lent AMIC $125 million for capital expenditures and operational expenses to facilitate the start-up of the Slagger (the “Tronox Loans”).
On May 13, 2020, May 23, 2023 and February 21, 2024, we amended the Option Agreement with AMIC (the "First Amendment", the "Second Amendment", and the "Third Amendment", respectively, and collectively, the "Amendments") to, among other things, establish a definitive period during which Tronox and AMIC would discuss whether, and under what circumstances Tronox may acquire the Slagger (the "Renegotiation Period"). In the Third Amendment, we agreed that the Renegotiation Period would extend until December 31, 2024. The Amendments also addressed repayment of the Tronox Loan. In the Third Amendment, we also agreed that until the end of the Renegotiation Period, 65% of all chloride slag produced by the Slagger would be delivered to Tronox as repayment in-kind of the Tronox Loans. The chloride slag was to be valued based on a widely published index for feedstock less an nominal discount (the "Slag Price"). With regard to the remaining 35% of chloride slag produced by the Slagger, under the Third Amendment, Tronox would purchase such chloride slag for cash at the Slag Price. Furthermore, the Third Amendment provided that at the end of the Renegotiation Period full repayment of the Tronox Loan would be due on January 10, 2025 in cash.
The Renegotiation Period expired on December 31, 2024 without any agreement on whether and under what circumstances Tronox would acquire the Slagger. Then on February 11, 2025, we entered into a letter agreement with AMIC and its wholly owned subsidiary, Advanced Smelting Industries Co. Ltd. ("ASIC") pursuant to which all provisions of the Option Agreement and all the related letter agreements referenced above were extinguished including the parties' respective rights and obligations in and to the Option Agreement and related letter agreements and any claims arising thereunder except for AMIC's obligation to repay the balance and all interest accrued thereunder in cash on February 20, 2025. In addition, the parties agreed that for a period of two-years, Tronox will purchase certain quantities of Slag from ASIC based on the Slag Price.
The following table shows the outstanding balance of the Tronox Loans, which at March 31, 2025 and December 31, 2024, is recorded on the unaudited Condensed Consolidated Balance Sheet in "Prepaid and other assets:"
March 31, 2025December 31, 2024
Principal balance—22
Accrued interest income balance—4
Total outstanding balance—26
The following table shows the interest income earned on the Tronox Loans, which is recorded in "Interest income" on our unaudited Condensed Consolidated Statement of Operations:
Three Months Ended March 31,
20252024
Interest income— 1
The following table shows the amount of feedstock purchased from the Slagger, which is subsequently recorded in "Cost of goods sold" on our unaudited Condensed Consolidated Statement of Operations:
Three Months Ended
March 31,
20252024
Settled as in-kind repayment of Tronox Loans10 16 
Settled in cash6 8 
Total chloride slag purchases16 24 
The following table shows the amounts due to AMIC at period-end regarding feedstock purchased from the Slagger, which are recorded in "Accrued liabilities" on our unaudited Condensed Consolidated Balance Sheet:
March 31, 2025December 31, 2024
Amount due to AMIC for slag purchases11 6 
On December 29, 2019, we entered into an agreement with Cristal to acquire certain assets co-located at our Yanbu facility which produces metal grade TiCl4 ("MGT"). Consideration for the acquisition is the assumption by Tronox of a $36 million note payable to Cristal (the "MGT Loan"). MGT is used at a titanium "sponge" plant facility, 65% of the ownership interests of which are held 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 TiCl4, which we supply by pipeline, for the production of titanium sponge, a precursor material used in the production of titanium metal.
On December 17, 2020 we completed the MGT transaction. Repayment of the $36 million note payable is based on a fixed U.S. dollar amount per metric ton quantity of MGT delivered by us to ATTM over time and therefore the ultimate maturity date is variable in nature. If ATTM fails to purchase MGT from us under certain contractually agreed upon conditions, then at our election we may terminate the MGT supply agreement with ATTM and we will no longer owe any amount under the loan agreement with Cristal. We currently estimate the ultimate maturity to be between approximately three and four years, subject to actual future MGT production levels. The interest rate on the note payable is based on the SAIBOR plus a premium. The note payable is recorded within "Long-term debt, net" and "Long-term debt due within one year" on the unaudited Condensed Consolidated Balance Sheet.

March 31, 2025December 31, 2024
Note payable, due within 1 year77
Note payable, due longer than 1 year from now1012
Total outstanding note payable1719

Amounts regarding loan repayments for the MGT loan, which are recorded on the unaudited Condensed Consolidated Statement of Operations within “Net sales,” are shown below:
Three Months Ended
March 31,
20252024
Loan Repayment via MGT delivered to ATTM22
As a result of these transactions we have entered into related to the MGT assets, Tronox purchases chlorine gas from ATTM for use in the production of MGT and such transactions are reflected as follows:
Three Months Ended
March 31,
20252024
Purchases of chlorine gas21

These purchases are subsequently recorded within “Cost of goods sold” on the unaudited Condensed Consolidated Statement of Operations. Amounts due at period end, which are presented below, are recorded within “Accrued liabilities” on the unaudited Condensed Consolidated Balance Sheet.
March 31, 2025December 31, 2024
Amount due related to purchases of chlorine gas26

As Tronox delivers MGT product to ATTM, amounts are recorded within “Net sales” on the unaudited Condensed Consolidated Statement of Operations, as shown below:
Three Months Ended
March 31,
20252024
MGT sales made to ATTM as product is delivered1613

Amounts related to MGT deliveries that are outstanding at period end are recorded in “Prepaid and other assets” on the unaudited Condensed Consolidated Balance Sheet, as shown below:
March 31, 2025December 31, 2024
Due from ATTM for MGT deliveries714
v3.25.1
Segment Information
 3 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
Segment Information Segment Information
We operate our business under one operating segment, Tronox, which is also our reportable segment. The Tronox segment produces feedstock materials that can be processed into TiO2 used in certain specialty applications. Tronox derives revenue across the world and it manages the business activities on a consolidated basis. The accounting policies of Tronox are the same as those of the consolidated company. The Company's chief operating decision maker ("CODM"), who is the CEO, reviews financial information presented at the consolidated level and decides how to allocate resources based on financial metrics, including net income. In addition to these financial metrics, the CODM also reviews monthly production figures along with future global sales demand forecasts to make decisions about ongoing production levels and how to allocate resources.
Net income, other financial metrics, production costs and sales forecasts are used to monitor budget versus actual results. As noted above, the CODM also determines how to allocate resources through his review of monthly production / manufacturing costs. Significant segment expenses, other than those disclosed in the Condensed Consolidated Statements of Operations, are as follows:
Three Months Ended March 31,
20252024
Net Sales$738 $774 
Idle facility and lower of costs or net realizable value charges (a) 25 28 
Other cost of goods (b)614 626 
Gross Profit$99 $120 
(a) Represents expenses during the period related to idle facility charges associated with production levels as well as charges related to reducing inventory to net realizable value when lower than production cost.
(b) Represents all other production related costs associated with cost of goods sold during the respective periods including salaries, ore costs, electricity, process chemicals, maintenance and other.
v3.25.1
Pay vs Performance Disclosure - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Pay vs Performance Disclosure    
Net Income (Loss) $ (111) $ (9)
v3.25.1
Insider Trading Arrangements
 3 Months Ended
Mar. 31, 2025
Trading Arrangements, by Individual  
Rule 10b5-1 Arrangement Adopted false
Non-Rule 10b5-1 Arrangement Adopted false
Rule 10b5-1 Arrangement Terminated false
Non-Rule 10b5-1 Arrangement Terminated false
v3.25.1
The Company (Policies)
 3 Months Ended
Mar. 31, 2025
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, 2024.
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, 2025, and its results of operations for the three months ended March 31, 2025 and 2024. 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. Certain prior period amounts have been reclassified to conform to the manner and presentation in the current period.
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, among other things, any potential impacts on the economy as a result of macroeconomic conditions, inflationary pressures, political instability, and supply chain disruptions.
Recently Issued Accounting Pronouncements
Recently Issued Accounting Pronouncements
In December 2023, the FASB issued ASU 2023-09, "Income Taxes (Topic 740): Improvements to Income Tax Disclosures". The amendments in this update apply to all entities that are subject to Topic 740, Income Taxes. The standard requires disaggregated information about a reporting entity's effective tax rate reconciliation as well as information on income taxes paid. The amendments in this update are effective for annual periods beginning after December 15, 2024. The guidance will be applied on a prospective basis with the option to apply the standard retrospectively. Early adoption is permitted. We are currently evaluating any incremental disclosures required as a result of this standard.
In November 2024, the FASB issued ASU 2024-03, "Income Statement - Reporting Comprehensive Income-Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses". The amendments in this update apply to all public business entities. The standard requires that at each interim and annual reporting period an entity disclose additional information about specific expense categories in commonly presented expense captions within the notes to the financial statements. Further the amendments require that an entity include certain amounts that are already required to be disclosed by current GAAP in the same disclosure as the other disaggregation requirements, disclose a qualitative description of the amounts remaining in relevant expense captions that are not separately disaggregated quantitatively, and disclose the total amount of selling expenses and an entity's definition of selling expenses (in annual reporting periods). The amendments in this update are effective for annual period beginning after December 15, 2026 and interim periods beginning after December 15, 2027. Early adoption is permitted. The guidance should be applied either (1) prospectively to financial statements issued for reporting periods after the effective date of this update or (2) retrospectively to any or all prior periods presented in the financial statement. We are currently evaluating the impact this standard will have on our financial statements.
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
v3.25.1
Restructuring and Other Charges (Tables)
 3 Months Ended
Mar. 31, 2025
Restructuring and Related Activities [Abstract]  
Schedule of Restructuring and Related Costs
The Company recorded the following charge for the three months ended March 31, 2025 as a result of this action:
Three Months Ended March 31,
2025
Severance and employee benefits$8 
Idling activities6 
Asset retirement obligation adjustments11 
Contract abandonment and other charges7 
Total cash charges32 
Asset disposal charges53 
Other non-cash charges1 
Total non-cash charges54 
Total restructuring and other charges$86 
Schedule of Liability Balance for Restructuring Plan
The following table shows a rollforward of restructuring and other charges reserves that will result in cash spending. These amounts exclude asset retirement obligations, which is included in "Asset retirement obligations" on the Condensed Consolidated Balance Sheet:
Amount
Balance at January 1, 2025$— 
Change in reserves21 
Cash payments (2)
Foreign currency translation and other— 
Balance at March 31, 2025$19 
v3.25.1
Revenue (Tables)
 3 Months Ended
Mar. 31, 2025
Revenue from Contract with Customer [Abstract]  
Schedule of Disaggregation of Revenue
Net sales to external customers by geographic areas where our customers are located were as follows:
Three Months Ended March 31,
20252024
North America$198 $192 
South and Central America46 46 
Europe, Middle-East and Africa312 309 
Asia Pacific182 227 
Total net sales$738 $774 

Net sales from external customers for each similar type of product were as follows:
Three Months Ended March 31,
20252024
TiO2
$584 $605 
Zircon69 88 
Other products85 81 
Total net sales$738 $774 
v3.25.1
Income Taxes (Tables)
 3 Months Ended
Mar. 31, 2025
Income Tax Disclosure [Abstract]  
Schedule of Income Before Income Taxes
Income before income taxes is comprised of the following:
Three Months Ended
March 31,
20252024
Income tax provision$(5)$(11)
(Loss) income before income taxes$(106)$2 
Effective tax rate(5)%550 %
v3.25.1
Loss Per Share (Tables)
 3 Months Ended
Mar. 31, 2025
Earnings Per Share [Abstract]  
Schedule of Computation of Basic and Diluted Loss Per Share
The computation of basic and diluted loss per share for the periods indicated is as follows:
Three Months Ended March 31,
20252024
Numerator - Basic and Diluted:
Net loss$(111)$(9)
Less: Net (loss) income attributable to noncontrolling interest— — 
Net loss available to ordinary shares$(111)$(9)
Denominator - Basic and Diluted:
Weighted-average ordinary shares, basic (in thousands)158,138 157,331 
Weighted-average ordinary shares, diluted (in thousands)158,138 157,331 
Basic net loss per ordinary share$(0.70)$(0.06)
Diluted net loss per ordinary share$(0.70)$(0.06)
Schedule of Anti-dilutive Shares Not Recognized in the Diluted Net Loss Per Share Anti-dilutive shares not recognized in the diluted net loss per share calculation for the three months ended March 31, 2025 and 2024 were as follows:
Shares
Three Months Ended March 31,
20252024
Options— 4,397 
Restricted share units5,215,774 1,285,008 
v3.25.1
Accounts Receivable Securitization Program (Tables)
 3 Months Ended
Mar. 31, 2025
Transfers and Servicing [Abstract]  
Schedule of Receivables Sold and Fees Incurred Under the Program
The following table sets forth a summary of the receivables sold and fees incurred under the program during the related periods:
Three Months Ended March 31,
20252024
Cash proceeds from collections reinvested in the program$256 $222 
Incremental accounts receivables sold271 236 
Fees incurred1
4 3 
1 Amounts relate to monthly utilization of the Securitization Facility and are recorded in "Other expense, net" in our unaudited Condensed Consolidated Statement of Operations.
v3.25.1
Inventories, Net (Tables)
 3 Months Ended
Mar. 31, 2025
Inventory Disclosure [Abstract]  
Schedule of Inventories, Net
Inventories, net consisted of the following:
March 31, 2025December 31, 2024
Raw materials$327 $329 
Work-in-process137 129 
Finished goods, net899 855 
Materials and supplies, net242 238 
Inventories, net$1,605 $1,551 
v3.25.1
Property, Plant and Equipment, Net (Tables)
 3 Months Ended
Mar. 31, 2025
Property, Plant and Equipment [Abstract]  
Schedule of Property, Plant and Equipment, Net of Accumulated Depreciation
Property, plant and equipment, net of accumulated depreciation, consisted of the following:
March 31, 2025December 31, 2024
Land and land improvements$238 $236 
Buildings418 407 
Machinery and equipment2,792 2,621 
Construction-in-progress404 490 
Other37 35 
Subtotal3,889 3,789 
Less: accumulated depreciation(1,967)(1,862)
Property, plant and equipment, net$1,922 $1,927 
Schedule of 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 March 31,
20252024
Cost of goods sold$53 $56 
Selling, general and administrative expenses1 1 
Total$54 $57 
v3.25.1
Mineral Leaseholds, Net (Tables)
 3 Months Ended
Mar. 31, 2025
Extractive Industries [Abstract]  
Schedule of Mineral Leaseholds, Net of Accumulated Depletion
Mineral leaseholds, net of accumulated depletion, consisted of the following:
March 31, 2025December 31, 2024
Mineral leaseholds$1,258 $1,249 
Less: accumulated depletion(644)(633)
Mineral leaseholds, net$614 $616 
v3.25.1
Intangible Assets, Net (Tables)
 3 Months Ended
Mar. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets, Net of Accumulated Amortization
Intangible assets, net of accumulated amortization, consisted of the following:
March 31, 2025December 31, 2024
Gross CostAccumulated
Amortization		Net Carrying
Amount		Gross CostAccumulated
Amortization		Net Carrying
Amount
Customer relationships$292 $(275)$17 $291 $(270)$21 
TiO2 technology
94 (53)41 94 (51)43 
Internal-use software and other247 (62)185 239 (59)180 
Intangible assets, net$633 $(390)$243 $624 $(380)$244 
Schedule of Amortization Expense Related to Intangible Assets
The table below summarizes amortization expense related to intangible assets for the periods presented, recorded in the specific line items in our unaudited Condensed Consolidated Statements of Operations:
Three Months Ended March 31,
20252024
Cost of goods sold$2 $1 
Selling, general and administrative expenses7 7 
Total$9 $8 
v3.25.1
Balance Sheet and Cash Flow Supplemental Information (Tables)
 3 Months Ended
Mar. 31, 2025
Payables and Accruals [Abstract]  
Schedule of Accrued Liabilities
Accrued liabilities consisted of the following:
March 31, 2025December 31, 2024
Employee-related costs and benefits$99 $107 
Related party payables12 13 
Interest3 17 
Sales rebates43 40 
Taxes other than income taxes9 9 
Asset retirement obligations14 14 
Other accrued liabilities59 47 
Accrued liabilities$239 $247 
Schedule of Additional Supplemental Cash Flow Information
Additional supplemental cash flow information for the three months ended March 31, 2025 and 2024 and as of March 31, 2025 and December 31, 2024 is as follows:
Three Months Ended March 31,
Supplemental non cash information:20252024
Operating activities - Chloride slag inventory purchases made from AMIC (including VAT)$11 $18 
Operating activities - MGT sales made to AMIC$2 $2 
Investing activities - In-kind receipt of AMIC loan repayment$11 $18 
Financing activities - Repayment of MGT loan$2 $2 
March 31, 2025December 31, 2024
Capital expenditures acquired but not yet paid$51 $91 
v3.25.1
Debt (Tables)
 3 Months Ended
Mar. 31, 2025
Debt Disclosure [Abstract]  
Schedule of Long-term Debt, Net of an Unamortized Discount and Debt Issuance Costs
Long-term debt, net of an unamortized discount and debt issuance costs, consisted of the following:
Original
Principal		Annual
Interest Rate		Maturity
Date		March 31, 2025December 31, 2024
2024 Term Loan Facility, net of unamortized discount(1)
741 Variable4/4/2029736 735 
2024-B Term Loan Facility, net of unamortized discount(1)
902 Variable9/30/2031894 896 
Senior Notes due 2029 1,075 4.625 %3/15/20291,075 1,075 
RMB Term Loan Facility(1)
64 Variable8/16/202957 58 
Australian Government Loan, net of unamortized discountN/AN/A12/31/20361 1 
MGT Loan(2)
36VariableVariable17 19 
Finance leases41 42 
Long-term debt2,821 2,826 
Less: Long-term debt due within one year(38)(35)
Debt issuance costs(30)(32)
Long-term debt, net$2,753 $2,759 
_______________
(1)The average effective interest rate on the 2024 Term Loan Facility (including the impacts of the interest rate swaps), the 2024-B Term Loan Facility (including the impacts of the interest rate swaps), the Standard Bank Term Loan Facility and the RMB Term Loan Facility was 7.3%, 6.5%, and 10.1%, respectively, during the three months ended March 31, 2025. The average effective interest rate on the previous Term Loan Facility (including the impacts of the interest rate swaps), the previous 2022 Term Loan Facility, the previous 2023 Term Loan Facility and the previous Standard Bank Term Loan Facility was 5.7%, 9.0%, 9.2% and 10.6%, respectively, during the three months ended March 31, 2024. As of March 31, 2025, the applicable margin on the 2024 Term Loan Facility, the 2024-B Term Loan Facility and the RMB Term Loan Facility was 2.25%, 2.50% and 2.35%, respectively.
(2)The MGT loan is a related party debt facility. The average effective interest rate on the MGT loan was 6.1% and 6.0% during the three months ended March 31, 2025 and March 31, 2024, respectively.
Schedule of Short-Term Debt
Short-term debt consisted of the following:
Annual Interest RateMaturity DateMarch 31, 2025December 31, 2024
New Cash Flow Revolver(1)
Variable8/15/2029$50 $33 
RMB Revolving Credit Facility(1)
Variable8/16/202760 21 
Emirates Revolver(1)
Variable6/4/202558 — 
SABB Credit Facility(1)
Variable12/16/202511 — 
Insurance premium financing8.6 %5/31/20254 11 
Short-term debt$183 $65 
(1) The average effective interest rate on the new Cash Flow Revolver, the RMB Revolving Credit Facility, the Emirates Revolver, and the SABB Credit Facility was 7.9%, 9.63%, 5.80%, and 7.11%, respectively, during the three months ended
v3.25.1
Derivative Financial Instruments (Tables)
 3 Months Ended
Mar. 31, 2025
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, 2025 and December 31, 2024:
Fair Value
March 31, 2025December 31, 2024
Assets(a) Accrued Liabilities Assets(a)Accrued Liabilities
Derivatives Designated as Cash Flow Hedges
Currency Contracts $— $8 $— $13 
Interest Rate Swaps $18 $— $33 $— 
Total Hedges $18 $8 $33 $13 
Derivatives Not Designated as Cash Flow Hedges
Currency Contracts $— $— $1 $5 
Total Derivatives $18 $8 $34 $18 
(a) At March 31, 2025 and December 31, 2024, current assets of $18 million and $34 million, respectively, are recorded in prepaid and other current assets on the Condensed Consolidated Balance Sheets.
Schedule of Derivatives' Impact on the Condensed Consolidated Statement of Operations
The following table summarizes the impact of the Company's derivatives on the unaudited Condensed Consolidated Statement of Operations:
Amount of Pre-Tax Gain (Loss) Recognized in Earnings Amount of Pre-Tax Gain (Loss) Recognized in Earnings
Revenue Cost of Goods SoldOther expense, netCost of Goods SoldOther expense, net
Three Months Ended March 31, 2025Three Months Ended March 31, 2024
Derivatives Not Designated as Hedging Instruments
Currency Contracts$— $— $— $— $(6)
Derivatives Designated as Hedging Instruments
Natural Gas Hedges$— $— $— $(1)$— 
Total Derivatives $— $— $— $(1)$(6)
v3.25.1
Fair Value (Tables)
 3 Months Ended
Mar. 31, 2025
Fair Value Disclosures [Abstract]  
Schedule of Fair Value of Our Debt and Derivative Contracts The following table presents the fair value of our debt and derivative contracts at both March 31, 2025 and December 31, 2024:
March 31,
2025		December 31,
2024
AssetLiability AssetLiability
2024 Term Loan Facility— 724 — 744 
2024-B Term Loan Facility— 880 — 904 
RMB Term Loan Facility— 57 — 58 
Senior Notes due 2029— 918 — 966 
Australian Government Loan— 1 — 1 
MGT Loan17 — 19 
Interest rate swaps18 — 33 — 
Foreign currency contracts— 8 1 18 
v3.25.1
Asset Retirement Obligations (Tables)
 3 Months Ended
Mar. 31, 2025
Asset Retirement Obligation Disclosure [Abstract]  
Schedule of Change in 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
March 31,
20252024
Beginning balance$186 $186 
Additions1 5 
Accretion expense5 5 
Remeasurement/translation3 (7)
Other, including change in estimates1
12 — 
Settlements/payments(2)(1)
Balance, March 31,$205 $188 
1 - Other, including change in estimates includes a charge of $11 million related to the Botlek plant shutdown recorded in "Restructuring and other charges" on the condensed consolidated statement of operations for three months ended March 31, 2025. Refer to note 2 for further details.
March 31, 2025December 31, 2024
Current portion included in “Accrued liabilities”$14 $14 
Noncurrent portion included in “Asset retirement obligations”191 172 
Asset retirement obligations$205 $186 
v3.25.1
Accumulated Other Comprehensive Loss Attributable to Tronox Holdings plc and Other Equity Items (Tables)
 3 Months Ended
Mar. 31, 2025
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Schedule of Changes in Accumulated Other Comprehensive Loss by Component
The tables below present changes in accumulated other comprehensive loss by component for the three months ended March 31, 2025 and 2024.
Cumulative
Translation
Adjustment		Pension
Liability
Adjustment		Unrealized
Gains
(Losses) on
Hedges		Total
Balance, January 1, 2025$(801)$(84)$5 $(880)
Other comprehensive income (loss)49 — (11)38 
Amounts reclassified from accumulated other comprehensive loss— — — — 
Balance, March 31, 2025$(752)$(84)$(6)$(842)

Cumulative
Translation
Adjustment		Pension
Liability
Adjustment		Unrealized
Gains
(Losses) on
Hedges		Total
Balance, January 1, 2024$(729)$(92)$7 $(814)
Other comprehensive (loss) income(40)— 10 (30)
Amounts reclassified from accumulated other comprehensive loss— — (1)(1)
Balance, March 31, 2024$(769)$(92)$16 $(845)
v3.25.1
Share-Based Compensation (Tables)
 3 Months Ended
Mar. 31, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of Weighted Average Assumptions The following weighted average assumptions were utilized to value the TSR grants:
2025
Dividend yield— %
Expected historical volatility48.8 %
Risk free interest rate4.30 %
Expected life (in years)3
v3.25.1
Pension and Other Postretirement Healthcare Benefits (Tables)
 3 Months Ended
Mar. 31, 2025
Retirement Benefits [Abstract]  
Schedule of Components of Net Periodic Cost Associated with Our U.S. and Foreign Pension 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,
20252024
Net periodic cost:
Service cost$1 $1 
Interest cost4 4 
Expected return on plan assets(5)(5)
Total net periodic cost$— $— 
The components of net periodic cost associated with our postretirement healthcare plans recognized in the unaudited Condensed Consolidated Statements of Operations were as follows:
Other Postretirement Benefit Plans
Three Months Ended March 31,
20252024
Net periodic cost:
Interest cost1 1 
Total net periodic cost$1 $1 
v3.25.1
Related Parties (Tables)
 3 Months Ended
Mar. 31, 2025
Related Party Transactions [Abstract]  
Schedule of Related Party Transactions
The following table shows the outstanding balance of the Tronox Loans, which at March 31, 2025 and December 31, 2024, is recorded on the unaudited Condensed Consolidated Balance Sheet in "Prepaid and other assets:"
March 31, 2025December 31, 2024
Principal balance—22
Accrued interest income balance—4
Total outstanding balance—26
The following table shows the interest income earned on the Tronox Loans, which is recorded in "Interest income" on our unaudited Condensed Consolidated Statement of Operations:
Three Months Ended March 31,
20252024
Interest income— 1
The following table shows the amount of feedstock purchased from the Slagger, which is subsequently recorded in "Cost of goods sold" on our unaudited Condensed Consolidated Statement of Operations:
Three Months Ended
March 31,
20252024
Settled as in-kind repayment of Tronox Loans10 16 
Settled in cash6 8 
Total chloride slag purchases16 24 
The following table shows the amounts due to AMIC at period-end regarding feedstock purchased from the Slagger, which are recorded in "Accrued liabilities" on our unaudited Condensed Consolidated Balance Sheet:
March 31, 2025December 31, 2024
Amount due to AMIC for slag purchases11 6 
The note payable is recorded within "Long-term debt, net" and "Long-term debt due within one year" on the unaudited Condensed Consolidated Balance Sheet.
March 31, 2025December 31, 2024
Note payable, due within 1 year77
Note payable, due longer than 1 year from now1012
Total outstanding note payable1719

Amounts regarding loan repayments for the MGT loan, which are recorded on the unaudited Condensed Consolidated Statement of Operations within “Net sales,” are shown below:
Three Months Ended
March 31,
20252024
Loan Repayment via MGT delivered to ATTM22
As a result of these transactions we have entered into related to the MGT assets, Tronox purchases chlorine gas from ATTM for use in the production of MGT and such transactions are reflected as follows:
Three Months Ended
March 31,
20252024
Purchases of chlorine gas21

These purchases are subsequently recorded within “Cost of goods sold” on the unaudited Condensed Consolidated Statement of Operations. Amounts due at period end, which are presented below, are recorded within “Accrued liabilities” on the unaudited Condensed Consolidated Balance Sheet.
March 31, 2025December 31, 2024
Amount due related to purchases of chlorine gas26

As Tronox delivers MGT product to ATTM, amounts are recorded within “Net sales” on the unaudited Condensed Consolidated Statement of Operations, as shown below:
Three Months Ended
March 31,
20252024
MGT sales made to ATTM as product is delivered1613

Amounts related to MGT deliveries that are outstanding at period end are recorded in “Prepaid and other assets” on the unaudited Condensed Consolidated Balance Sheet, as shown below:
March 31, 2025December 31, 2024
Due from ATTM for MGT deliveries714
v3.25.1
Segment Information (Tables)
 3 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment Significant segment expenses, other than those disclosed in the Condensed Consolidated Statements of Operations, are as follows:
Three Months Ended March 31,
20252024
Net Sales$738 $774 
Idle facility and lower of costs or net realizable value charges (a) 25 28 
Other cost of goods (b)614 626 
Gross Profit$99 $120 
(a) Represents expenses during the period related to idle facility charges associated with production levels as well as charges related to reducing inventory to net realizable value when lower than production cost.
(b) Represents all other production related costs associated with cost of goods sold during the respective periods including salaries, ore costs, electricity, process chemicals, maintenance and other.
v3.25.1
The Company (Details)
Mar. 31, 2025
facility
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Number of titanium dioxide pigment facilities in which entity operates 9
v3.25.1
Restructuring and Other Charges - Narrative (Details)
$ in Millions
 1 Months Ended 3 Months Ended
Mar. 31, 2025
USD ($)
employee
T
Mar. 31, 2025
USD ($)
Dec. 31, 2024
USD ($)
Restructuring Cost and Reserve [Line Items]      
Plant capacity | T 90,000    
Number of employees impacted | employee 240    
Cash charges   $ 32  
Non-cash charges   54  
Restructuring reserve $ 19 19 $ 0
Accrued Liabilities      
Restructuring Cost and Reserve [Line Items]      
Restructuring reserve 11 11  
Other Long-term Liabilities      
Restructuring Cost and Reserve [Line Items]      
Restructuring reserve 8 8  
Minimum      
Restructuring Cost and Reserve [Line Items]      
Restructuring and related charges, expected cost 130 130  
Maximum      
Restructuring Cost and Reserve [Line Items]      
Restructuring and related charges, expected cost 160 160  
Idling activities      
Restructuring Cost and Reserve [Line Items]      
Cash charges   6  
Idling activities | Minimum      
Restructuring Cost and Reserve [Line Items]      
Restructuring and related charges, expected cost 55 55  
Idling activities | Maximum      
Restructuring Cost and Reserve [Line Items]      
Restructuring and related charges, expected cost $ 65 65  
Severance and employee benefits      
Restructuring Cost and Reserve [Line Items]      
Cash charges   8  
Asset retirement obligation adjustments      
Restructuring Cost and Reserve [Line Items]      
Cash charges   11  
Contract abandonment and other charges      
Restructuring Cost and Reserve [Line Items]      
Cash charges   $ 7  
v3.25.1
Restructuring and Other Charges - Schedule of Restructuring and Related Costs (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Restructuring Cost and Reserve [Line Items]    
Total cash charges $ 32  
Total non-cash charges 54  
Restructuring and other charges 86 $ 0
Severance and employee benefits    
Restructuring Cost and Reserve [Line Items]    
Total cash charges 8  
Idling activities    
Restructuring Cost and Reserve [Line Items]    
Total cash charges 6  
Asset retirement obligation adjustments    
Restructuring Cost and Reserve [Line Items]    
Total cash charges 11  
Contract abandonment and other charges    
Restructuring Cost and Reserve [Line Items]    
Total cash charges 7  
Asset disposal charges    
Restructuring Cost and Reserve [Line Items]    
Total non-cash charges 53  
Other non-cash charges    
Restructuring Cost and Reserve [Line Items]    
Total non-cash charges $ 1  
v3.25.1
Restructuring and Other Charges - Schedule of Liability Balance for Restructuring Plan (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Restructuring Reserve [Roll Forward]    
Balance at beginning of period $ 0  
Change in reserves 21  
Cash payments (2) $ 0
Foreign currency translation and other 0  
Balance at end of period $ 19  
v3.25.1
Revenue - Narrative (Details)
 3 Months Ended
Mar. 31, 2025
USD ($)
segment
customer
Mar. 31, 2024
customer
Dec. 31, 2024
USD ($)
Concentration Risk [Line Items]      
Contract asset | $ $ 0   $ 0
Contract liability (less than) | $ $ 1,000,000   $ 1,000,000
Number of operating segments | segment 1    
Number of reportable segments | segment 1    
Ten Largest Third-party Customers | Revenue Benchmark | Customer Concentration Risk      
Concentration Risk [Line Items]      
Concentration percentage 39.00% 37.00%  
Single Customer | Revenue Benchmark | Customer Concentration Risk      
Concentration Risk [Line Items]      
Concentration percentage 10.00% 10.00%  
Number of customer | customer 0 0  
v3.25.1
Revenue - Schedule of Disaggregation of Revenue (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Disaggregation of Revenue [Line Items]    
Total net sales $ 738 $ 774
TiO2    
Disaggregation of Revenue [Line Items]    
Total net sales 584 605
Zircon    
Disaggregation of Revenue [Line Items]    
Total net sales 69 88
Other products    
Disaggregation of Revenue [Line Items]    
Total net sales 85 81
North America    
Disaggregation of Revenue [Line Items]    
Total net sales 198 192
South and Central America    
Disaggregation of Revenue [Line Items]    
Total net sales 46 46
Europe, Middle-East and Africa    
Disaggregation of Revenue [Line Items]    
Total net sales 312 309
Asia Pacific    
Disaggregation of Revenue [Line Items]    
Total net sales $ 182 $ 227
v3.25.1
Income Taxes - Schedule of Income Before Income Taxes (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Income Tax Disclosure [Abstract]    
Income tax provision $ (5) $ (11)
(Loss) income before income taxes $ (106) $ 2
Effective tax rate (5.00%) 550.00%
v3.25.1
Income Taxes - Narrative (Details) - USD ($)
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Income Tax Examination [Line Items]    
Unrecognized tax benefits $ 0  
U.K. | Her Majesty's Revenue and Customs (HMRC)    
Income Tax Examination [Line Items]    
Statutory tax rate 25.00% 25.00%
v3.25.1
Loss Per Share - Schedule of Computation of Basic and Diluted Loss Per Share (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Numerator - Basic and Diluted:    
Net loss $ (111) $ (9)
Less: Net (loss) income attributable to noncontrolling interest 0 0
Net loss available to ordinary shares $ (111) $ (9)
Denominator - Basic and Diluted:    
Weighted-average ordinary shares, basic (in thousands) (in shares) 158,138 157,331
Weighted-average ordinary shares, diluted (in thousands) (in shares) 158,138 157,331
Basic net loss per ordinary share (in dollars per share) $ (0.70) $ (0.06)
Diluted net loss per ordinary share (in dollars per share) $ (0.70) $ (0.06)
v3.25.1
Loss Per Share - Schedule of Anti-dilutive Shares Not Recognized in the Diluted Net Loss Per Share (Details) - shares
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Options    
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]    
Anti-dilutive shares (in shares) 0 4,397
Restricted share units    
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]    
Anti-dilutive shares (in shares) 5,215,774 1,285,008
v3.25.1
Accounts Receivable Securitization Program - Narrative (Details) - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Customer Securities for which Entity has Right to Sell or Repledge (Including Securities Sold or Repledged) [Line Items]    
Accounts receivable securitization, facility limit $ 230  
Percentage of additional purchase receivable 100.00%  
Accounts receivable from securitization $ 230 $ 215
Unsold receivables retained $ 138 109
Accounts Payable    
Customer Securities for which Entity has Right to Sell or Repledge (Including Securities Sold or Repledged) [Line Items]    
Accounts receivable from securitization   $ 15
v3.25.1
Accounts Receivable Securitization Program - Schedule of Receivables Sold and Fees Incurred Under the Program (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Transfers and Servicing [Abstract]    
Cash proceeds from collections reinvested in the program $ 256 $ 222
Incremental accounts receivables sold 271 236
Fees incurred $ 4 $ 3
v3.25.1
Inventories, Net (Details) - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Inventory, Net [Abstract]    
Raw materials $ 327 $ 329
Work-in-process 137 129
Finished goods, net 899 855
Materials and supplies, net 242 238
Inventories, net 1,605 1,551
Inventory 60 59
Inventory obsolescence reserves 43 44
Reserves for lower of cost or market and net realizable value $ 27 $ 28
v3.25.1
Property, Plant and Equipment, Net (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Dec. 31, 2024
Property, Plant and Equipment, Net, by Type [Abstract]      
Subtotal $ 3,889   $ 3,789
Less: accumulated depreciation (1,967)   (1,862)
Property, plant and equipment, net 1,922   1,927
Depreciation expense related to property plant and equipment [Abstract]      
Depreciation expense 54 $ 57  
Cost of goods sold      
Depreciation expense related to property plant and equipment [Abstract]      
Depreciation expense 53 56  
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]      
Subtotal 238   236
Buildings      
Property, Plant and Equipment, Net, by Type [Abstract]      
Subtotal 418   407
Machinery and equipment      
Property, Plant and Equipment, Net, by Type [Abstract]      
Subtotal 2,792   2,621
Construction-in-progress      
Property, Plant and Equipment, Net, by Type [Abstract]      
Subtotal 404   490
Other      
Property, Plant and Equipment, Net, by Type [Abstract]      
Subtotal $ 37   $ 35
v3.25.1
Mineral Leaseholds, Net (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Dec. 31, 2024
Summary of minerals leaseholds, net of accumulated depletion [Abstract]      
Mineral leaseholds $ 1,258   $ 1,249
Less: accumulated depletion (644)   (633)
Mineral leaseholds, net 614   $ 616
Depletion expense related to mineral leaseholds $ 8 $ 7  
v3.25.1
Intangible Assets, Net (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Dec. 31, 2024
Intangible assets, net of accumulated amortization [Abstract]      
Gross Cost $ 633   $ 624
Accumulated Amortization (390)   (380)
Net Carrying Amount 243   244
Amortization expense related to intangible assets [Abstract]      
Amortization expense 9 $ 8  
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]      
Remainder of 2025 33    
2026 28    
2027 32    
2028 32    
2029 30    
Thereafter 88    
Cost of goods sold      
Amortization expense related to intangible assets [Abstract]      
Amortization expense 2 1  
Selling, general and administrative expenses      
Amortization expense related to intangible assets [Abstract]      
Amortization expense 7 $ 7  
Customer relationships      
Intangible assets, net of accumulated amortization [Abstract]      
Gross Cost 292   291
Accumulated Amortization (275)   (270)
Net Carrying Amount 17   21
TiO2 technology      
Intangible assets, net of accumulated amortization [Abstract]      
Gross Cost 94   94
Accumulated Amortization (53)   (51)
Net Carrying Amount 41   43
Internal-use software and other      
Intangible assets, net of accumulated amortization [Abstract]      
Gross Cost 247   239
Accumulated Amortization (62)   (59)
Net Carrying Amount 185   180
Capitalized software costs $ 122   $ 116
v3.25.1
Balance Sheet and Cash Flow Supplemental Information - Schedule of Accrued Liabilities (Details) - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Related Party Transaction [Line Items]    
Employee-related costs and benefits $ 99 $ 107
Interest 3 17
Sales rebates 43 40
Taxes other than income taxes 9 9
Asset retirement obligations 14 14
Accrued liabilities 239 247
Related Party    
Related Party Transaction [Line Items]    
Other accrued liabilities 12 13
Nonrelated Party    
Related Party Transaction [Line Items]    
Other accrued liabilities $ 59 $ 47
v3.25.1
Balance Sheet and Cash Flow Supplemental Information - Schedule of Additional Supplemental Cash Flow Information (Details) - USD ($)
$ in Millions
 3 Months Ended 12 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Dec. 31, 2024
Supplemental non cash information:      
Operating activities - Chloride slag inventory purchases made from AMIC (including VAT) $ 11 $ 18  
Operating activities - MGT sales made to AMIC 2 2  
Investing activities - In-kind receipt of AMIC loan repayment 11 18  
Financing activities - Repayment of MGT loan 2 $ 2  
Capital expenditures acquired but not yet paid $ 51   $ 91
v3.25.1
Debt - Schedule of Long-term Debt, Net of an Unamortized Discount and Debt Issuance Costs (Details) - USD ($)
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Dec. 31, 2024
Long-term debt, net of an unamortized discount and debt issuance costs [Abstract]      
Annual Interest Rate 8.60%    
Finance leases $ 41,000,000   $ 42,000,000
Long-term debt 2,821,000,000   2,826,000,000
Less: Long-term debt due within one year (38,000,000)   (35,000,000)
Debt issuance costs (30,000,000)   (32,000,000)
Long-term debt, net 2,753,000,000   2,759,000,000
2024 Term Loan Facility      
Long-term debt, net of an unamortized discount and debt issuance costs [Abstract]      
Original Principal 741,000,000    
Long-term debt, gross $ 736,000,000   735,000,000
Basis spread on variable rate 2.25%    
2024-B Term Loan Facility      
Long-term debt, net of an unamortized discount and debt issuance costs [Abstract]      
Original Principal $ 902,000,000    
Long-term debt, gross $ 894,000,000   $ 896,000,000
Average effective interest rate 7.30%    
Basis spread on variable rate 2.50%    
Senior Notes due 2029      
Long-term debt, net of an unamortized discount and debt issuance costs [Abstract]      
Original Principal $ 1,075,000,000    
Annual Interest Rate 4.625%   4.625%
Long-term debt, gross $ 1,075,000,000   $ 1,075,000,000
RMB Term Loan Facility      
Long-term debt, net of an unamortized discount and debt issuance costs [Abstract]      
Original Principal 64,000,000    
Long-term debt, gross $ 57,000,000   58,000,000
Average effective interest rate 10.10%    
Basis spread on variable rate 2.35%    
Australian Government Loan      
Long-term debt, net of an unamortized discount and debt issuance costs [Abstract]      
Long-term debt, gross $ 1,000,000   1,000,000
MGT Loan      
Long-term debt, net of an unamortized discount and debt issuance costs [Abstract]      
Original Principal 36,000,000    
Long-term debt, gross $ 17,000,000   $ 19,000,000
Average effective interest rate 6.10% 6.00%  
Term Loan Facility      
Long-term debt, net of an unamortized discount and debt issuance costs [Abstract]      
Average effective interest rate   5.70%  
Term Loan Facility 2022      
Long-term debt, net of an unamortized discount and debt issuance costs [Abstract]      
Average effective interest rate   9.00%  
Term Loan Facility 2023      
Long-term debt, net of an unamortized discount and debt issuance costs [Abstract]      
Average effective interest rate   9.20%  
Standard Bank Term Loan Facility      
Long-term debt, net of an unamortized discount and debt issuance costs [Abstract]      
Average effective interest rate 6.50% 10.60%  
v3.25.1
Debt - Schedule of Short-Term Debt (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Apr. 28, 2025
Dec. 31, 2024
Debt Instrument [Line Items]      
Annual Interest Rate 8.60%    
Short-term debt $ 183   $ 65
Subsequent Event      
Debt Instrument [Line Items]      
Short-term debt   $ 212  
New Cash Flow Revolver      
Debt Instrument [Line Items]      
Short-term debt $ 50   33
Average effective interest rate 7.90%    
Basis spread on variable rate 2.25%    
RMB Revolving Credit Facility      
Debt Instrument [Line Items]      
Short-term debt $ 60   21
Average effective interest rate 9.63%    
Basis spread on variable rate 2.25%    
Emirates Revolver      
Debt Instrument [Line Items]      
Short-term debt $ 58   0
Average effective interest rate 5.80%    
Basis spread on variable rate 1.75%    
SABB Credit Facility      
Debt Instrument [Line Items]      
Short-term debt $ 11   0
Average effective interest rate 7.11%    
Basis spread on variable rate 1.50%    
Insurance premium financing      
Debt Instrument [Line Items]      
Short-term debt $ 4   $ 11
v3.25.1
Debt - Narrative (Details) - USD ($)
$ in Millions
 1 Months Ended
Aug. 31, 2024
Mar. 31, 2025
Dec. 31, 2024
Line of Credit Facility [Line Items]      
Annual interest rate   8.60%  
Short-term debt   $ 183 $ 65
Insurance premium financing      
Line of Credit Facility [Line Items]      
Original principal $ 29    
Insurance premium down payment, percentage 37.00%    
Monthly installments period 9 months    
Annual interest rate 8.60%    
Short-term debt   $ 4  
v3.25.1
Derivative Financial Instruments - Schedule of Fair Value of Derivatives Outstanding (Details) - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Total derivatives, assets at fair value $ 18 $ 34
Total derivatives, accrued liabilities at fair value 8 18
Prepaid and other current assets    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Total derivatives, assets at fair value 18 34
Derivatives Designated as Cash Flow Hedges    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Total derivatives, assets at fair value 18 33
Total derivatives, accrued liabilities at fair value 8 13
Currency Contracts | 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 8 13
Currency Contracts | Derivatives Not Designated as Cash Flow Hedges    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Total derivatives, assets at fair value 0 1
Total derivatives, accrued liabilities at fair value 0 5
Interest Rate Swaps | Derivatives Designated as Cash Flow Hedges    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Total derivatives, assets at fair value 18 33
Total derivatives, accrued liabilities at fair value $ 0 $ 0
v3.25.1
Derivative Financial Instruments - Schedule of Derivatives' Impact on the Condensed Consolidated Statement of Operations (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Revenue    
Derivative Instruments, Gain (Loss) [Line Items]    
Total Derivatives $ 0  
Cost of Goods Sold    
Derivative Instruments, Gain (Loss) [Line Items]    
Total Derivatives 0 $ (1)
Other expense, net    
Derivative Instruments, Gain (Loss) [Line Items]    
Total Derivatives 0 (6)
Currency Contracts | Derivatives Not Designated as Hedging Instruments | Revenue    
Derivative Instruments, Gain (Loss) [Line Items]    
Total Derivatives 0  
Currency Contracts | Derivatives Not Designated as Hedging Instruments | Cost of Goods Sold    
Derivative Instruments, Gain (Loss) [Line Items]    
Total Derivatives 0 0
Currency Contracts | Derivatives Not Designated as Hedging Instruments | Other expense, net    
Derivative Instruments, Gain (Loss) [Line Items]    
Total Derivatives 0 (6)
Natural Gas Hedges | Derivatives Designated as Hedging Instruments | Revenue    
Derivative Instruments, Gain (Loss) [Line Items]    
Total Derivatives 0  
Natural Gas Hedges | Derivatives Designated as Hedging Instruments | Cost of Goods Sold    
Derivative Instruments, Gain (Loss) [Line Items]    
Total Derivatives 0 (1)
Natural Gas Hedges | Derivatives Designated as Hedging Instruments | Other expense, net    
Derivative Instruments, Gain (Loss) [Line Items]    
Total Derivatives $ 0 $ 0
v3.25.1
Derivative Financial Instruments - Narrative (Details)
€ in Millions, ر.س in Millions, £ in Millions, $ in Millions, $ in Millions, R in Billions
 3 Months Ended
Sep. 26, 2024
USD ($)
derivative
Mar. 31, 2025
USD ($)
Mar. 31, 2024
USD ($)
Mar. 31, 2025
AUD ($)
Mar. 31, 2025
ZAR (R)
Mar. 31, 2025
GBP (£)
Mar. 31, 2025
EUR (€)
Mar. 31, 2025
SAR (ر.س)
Dec. 31, 2024
USD ($)
Dec. 31, 2024
AUD ($)
Dec. 31, 2024
ZAR (R)
Dec. 31, 2024
GBP (£)
Dec. 31, 2024
EUR (€)
Dec. 31, 2024
SAR (ر.س)
Sep. 30, 2024
USD ($)
Derivative Instruments and Hedging Activities Disclosures [Line Items]                              
Number of interest-rate swap agreements | derivative 2                            
Interest expense   $ 42 $ 42                        
Accumulated other comprehensive gain (loss)   (842)             $ (880)            
Interest Rate Swaps                              
Derivative Instruments and Hedging Activities Disclosures [Line Items]                              
Notional amount   200                          
Interest expense $ (3) 2 8                        
Accumulated other comprehensive gain (loss)   11             26            
Interest Rate Swaps | Interest Expense                              
Derivative Instruments and Hedging Activities Disclosures [Line Items]                              
Interest expense   1 $ 2                        
Interest Rate Swaps | Cash Flow Hedging | Derivatives Designated as Cash Flow Hedges                              
Derivative Instruments and Hedging Activities Disclosures [Line Items]                              
Notional amount   950                          
Interest Rate Swap Maturing in September 2024                              
Derivative Instruments and Hedging Activities Disclosures [Line Items]                              
Notional amount                             $ 250
Interest Rate Swap Maturing in September 2024 | Cash Flow Hedging | Derivatives Designated as Cash Flow Hedges                              
Derivative Instruments and Hedging Activities Disclosures [Line Items]                              
Notional amount   500                          
Interest Rate Swap Maturing In September 30, 2031                              
Derivative Instruments and Hedging Activities Disclosures [Line Items]                              
Notional amount 250                            
Interest Rate Swap Maturing In September 30, 2031 One                              
Derivative Instruments and Hedging Activities Disclosures [Line Items]                              
Notional amount 125                            
Interest Rate Swap Maturing In September 30, 2031 Two                              
Derivative Instruments and Hedging Activities Disclosures [Line Items]                              
Notional amount $ 125                            
Interest Rate Swap Maturing in March 2028 | Cash Flow Hedging | Derivatives Designated as Cash Flow Hedges                              
Derivative Instruments and Hedging Activities Disclosures [Line Items]                              
Notional amount   450                          
Foreign currency contracts                              
Derivative Instruments and Hedging Activities Disclosures [Line Items]                              
Accumulated other comprehensive gain (loss)   10             (14)            
Foreign Exchange Contract, Australian Dollars | Derivatives Not Designated as Cash Flow Hedges                              
Derivative Instruments and Hedging Activities Disclosures [Line Items]                              
Notional amount   86   $ 138         71 $ 113          
Foreign Exchange Contract, Australian Dollars | Cash Flow Hedging                              
Derivative Instruments and Hedging Activities Disclosures [Line Items]                              
Notional amount   252   404                      
Foreign Exchange Contract, Australian Dollars | Cash Flow Hedging | Subsidiaries                              
Derivative Instruments and Hedging Activities Disclosures [Line Items]                              
Notional amount   12   $ 19                      
Foreign Exchange Contract, South African Rand | Derivatives Not Designated as Cash Flow Hedges                              
Derivative Instruments and Hedging Activities Disclosures [Line Items]                              
Notional amount   71     R 1.3       76   R 1.4        
Foreign Exchange Contract, Pound Sterling | Derivatives Not Designated as Cash Flow Hedges                              
Derivative Instruments and Hedging Activities Disclosures [Line Items]                              
Notional amount   34       £ 26     44     £ 34      
Foreign Exchange Contract, Euro | Derivatives Not Designated as Cash Flow Hedges                              
Derivative Instruments and Hedging Activities Disclosures [Line Items]                              
Notional amount   60         € 56   98       € 91    
Foreign Exchange Contract, Saudi Riyal | Derivatives Not Designated as Cash Flow Hedges                              
Derivative Instruments and Hedging Activities Disclosures [Line Items]                              
Notional amount   $ 39           ر.س 145 $ 19         ر.س 71  
v3.25.1
Fair Value (Details) - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Fair Value, Inputs, Level 2 | Interest rate swaps    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative asset $ 18 $ 33
Derivative liability 0 0
Fair Value, Inputs, Level 2 | Foreign currency contracts    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative asset 0 1
Derivative liability 8 18
2024 Term Loan Facility | Fair Value, Inputs, Level 1    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair value of debt 724 744
2024-B Term Loan Facility | Fair Value, Inputs, Level 1    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair value of debt 880 904
RMB Term Loan Facility | Fair Value, Inputs, Level 2    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair value of debt 57 58
Senior Notes due 2029 | Fair Value, Inputs, Level 1    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair value of debt 918 966
Australian Government Loan | Fair Value, Inputs, Level 2    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair value of debt 1 1
MGT Loan | Fair Value, Inputs, Level 2    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair value of debt $ 17 $ 19
v3.25.1
Asset Retirement Obligations (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Dec. 31, 2024
Asset Retirement Obligation, Roll Forward Analysis [Roll Forward]      
Beginning balance $ 186 $ 186  
Additions 1 5  
Accretion expense 5 5  
Remeasurement/translation 3 (7)  
Other, including change in estimates 12 0  
Settlements/payments (2) (1)  
Ending balance 205 188  
Asset retirement obligations [Abstract]      
Current portion included in “Accrued liabilities” 14   $ 14
Noncurrent portion included in “Asset retirement obligations” 191   172
Asset retirement obligations 205 $ 188 $ 186
Other Restructuring      
Asset Retirement Obligation, Roll Forward Analysis [Roll Forward]      
Other, including change in estimates $ 11    
v3.25.1
Commitments and Contingencies (Details)
$ in Millions
 3 Months Ended
Mar. 31, 2025
USD ($)
Unrecorded Unconditional Purchase Obligation, Fiscal Year Maturity [Abstract]  
Purchase commitments remainder of 2025 $ 364
Purchase commitments for 2026 291
Purchase commitments for 2027 239
Purchase commitments for 2028 172
Purchase commitments for 2029 163
Purchase commitments due thereafter 2,218
Commitments and Contingencies [Abstract]  
Loss contingency 139
Loss contingency provision 41
Wells Fargo Revolver | Letters of Credit  
Commitments and Contingencies [Abstract]  
Loss contingency 59
Hawkins Point | Bank Guarantees  
Commitments and Contingencies [Abstract]  
Loss contingency 47
Absa Revolver | Bank Guarantees  
Commitments and Contingencies [Abstract]  
Loss contingency $ 80
v3.25.1
Accumulated Other Comprehensive Loss Attributable to Tronox Holdings plc and Other Equity Items - Schedule of Changes in Accumulated Other Comprehensive Loss by Component (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]    
Beginning balance $ 1,791 $ 1,980
Ending balance 1,706 1,925
Accumulated Other Comprehensive Loss    
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]    
Beginning balance (880) (814)
Other comprehensive income (loss) 38 (30)
Amounts reclassified from accumulated other comprehensive loss 0 (1)
Ending balance (842) (845)
Cumulative Translation Adjustment    
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]    
Beginning balance (801) (729)
Other comprehensive income (loss) 49 (40)
Amounts reclassified from accumulated other comprehensive loss 0 0
Ending balance (752) (769)
Pension Liability Adjustment    
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]    
Beginning balance (84) (92)
Other comprehensive income (loss) 0 0
Amounts reclassified from accumulated other comprehensive loss 0 0
Ending balance (84) (92)
Unrealized Gains (Losses) on Hedges    
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]    
Beginning balance 5 7
Other comprehensive income (loss) (11) 10
Amounts reclassified from accumulated other comprehensive loss 0 (1)
Ending balance $ (6) $ 16
v3.25.1
Accumulated Other Comprehensive Loss Attributable to Tronox Holdings plc and Other Equity Items - Narrative (Details) - USD ($)
 3 Months Ended
Mar. 31, 2025
Feb. 21, 2024
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]    
Shares authorized for repurchase   $ 300,000,000
Stock repurchased during period $ 0  
v3.25.1
Share-Based Compensation - Narrative (Details) - USD ($)
$ / shares in Units, $ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]    
Unrecognized compensation expense for all nonvested awards, adjusted for estimated forfeitures $ 43  
Weighted average period of recognition for unrecognized compensation expense 2 years 3 months 18 days  
Share-based compensation expense $ 5 $ 6
Restricted share units    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]    
Share-based compensation expense $ 5 $ 6
Restricted Share Units (RSUs), Time-Based Awards    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]    
Award vesting period 3 years  
Restricted Share Units (RSUs), Performance-Based Awards    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]    
Granted (in shares) 1,476,938  
Restricted Share Units (RSUs), Performance-Based Awards | Share-based Payment Arrangement, Tranche One    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]    
Granted (in shares) 738,469  
Award performance period 3 years  
Granted (in dollars per share) $ 8.99  
Restricted Share Units (RSUs), Performance-Based Awards | Share-based Payment Arrangement, Tranche Two    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]    
Granted (in shares) 738,469  
Management | Restricted Share Units (RSUs), Time-Based Awards    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]    
Granted (in shares) 1,489,774  
v3.25.1
Share-Based Compensation - Schedule of Weighted Average Assumptions (Details) - Restricted Share Units (RSUs), Performance-Based Awards - Share-based Payment Arrangement, Tranche One
 3 Months Ended
Mar. 31, 2025
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Dividend yield 0.00%
Expected historical volatility 48.80%
Risk free interest rate 4.30%
Expected life (in years) 3 years
v3.25.1
Pension and Other Postretirement Healthcare Benefits - Schedule of Components of Net Periodic Cost Associated with Our U.S. and Foreign Pension Plans (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Pensions    
Net periodic cost:    
Service cost $ 1 $ 1
Interest cost 4 4
Expected return on plan assets (5) (5)
Total net periodic cost 0 0
Other Postretirement Benefit Plans    
Net periodic cost:    
Interest cost 1 1
Total net periodic cost $ 1 $ 1
v3.25.1
Pension and Other Postretirement Healthcare Benefits - Narrative (Details) - Pensions - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Multiemployer Plans [Abstract]    
Employer contributions $ 1  
Expected future employer contributions, remainder of fiscal year 8  
Cost of goods sold | Foreign Plan    
Multiemployer Plans [Abstract]    
Multiemployer contribution amount $ 1 $ 1
v3.25.1
Related Parties - Narrative (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Dec. 31, 2024
Feb. 21, 2024
Dec. 17, 2020
Dec. 29, 2019
May 09, 2018
Related Party Transaction [Line Items]            
Common stock, shares outstanding (in shares) 158,462,071 157,938,056        
Accrued interest income balance $ 129 $ 126        
Related Party            
Related Party Transaction [Line Items]            
Ownership percentage by related party     35.00%      
Related Party | Slagger            
Related Party Transaction [Line Items]            
Ownership percentage by related party     65.00%      
Advanced Metal Industries Cluster Company Limited | Option Agreement, Option To Acquire Special Purchase Vehicle | Related Party            
Related Party Transaction [Line Items]            
Ownership percentage by related party           90.00%
Advanced Metal Industries Cluster Company Limited | Acquisition Of Assets Producing Metal Grade TiCl4 | Related Party            
Related Party Transaction [Line Items]            
Accrued interest income balance         $ 36  
Slagger | Advanced Metal Industries Cluster and Toho Titanium Metal Co. Ltd (ATTM)            
Related Party Transaction [Line Items]            
Loan commitment           $ 322
AMIC | Option Agreement, Amounts to be Reimbursed for Capital Expenditures and Operational Expenses | Related Party            
Related Party Transaction [Line Items]            
Amounts receivable from related party           $ 125
Cristal | Related Party | MGT Loan            
Related Party Transaction [Line Items]            
Total outstanding note payable $ 17 $ 19   $ 36    
Cristal | Related Party | MGT Loan | Minimum            
Related Party Transaction [Line Items]            
Debt instrument, term 3 years          
Cristal | Related Party | MGT Loan | Maximum            
Related Party Transaction [Line Items]            
Debt instrument, term 4 years          
Cristal's Titanium Dioxide Business            
Related Party Transaction [Line Items]            
Ownership percentage 24.00%          
Acquisition Of Assets Producing Metal Grade TiCl4 | Related Party | Advanced Metal Industries Cluster and Toho Titanium Metal Co. Ltd (ATTM)            
Related Party Transaction [Line Items]            
Ownership percentage         65.00%  
Cristal's Titanium Dioxide Business            
Related Party Transaction [Line Items]            
Common stock, shares outstanding (in shares) 37,580,000          
Slagger | Purchases of Feedstock Material | Related Party | Advanced Metal Industries Cluster Company Limited            
Related Party Transaction [Line Items]            
Debt instrument, term 2 years          
v3.25.1
Related Parties - Schedule of Other Assets and Other Liabilities (Details) - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Related Party Transaction [Line Items]    
Accrued interest income balance $ 129 $ 126
Advanced Metal Industries Cluster Company Limited | Option Agreement, Amount Loaned For Capital Expenditures and Operational Expenses, Interest Earned | Related Party    
Related Party Transaction [Line Items]    
Principal balance 0 22
Accrued interest income balance 0 4
Total outstanding balance $ 0 $ 26
v3.25.1
Related Parties - Schedule of Interest Income (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Related Party Transaction [Line Items]    
Interest income $ 2 $ 4
Related Party    
Related Party Transaction [Line Items]    
Interest income $ 0 $ 1
v3.25.1
Related Parties - Schedule of Feedstock Purchased Cost of Goods Sold (Details) - Slagger - Advanced Metal Industries Cluster Company Limited - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Related Party Transaction [Line Items]    
Purchases of feedstock material $ 16 $ 24
Purchases Of Feedstock Material, Settled As In-Kind Repayment Of Tronox Loans    
Related Party Transaction [Line Items]    
Purchases of feedstock material 10 16
Purchases Of Feedstock Material, Settled In Cash    
Related Party Transaction [Line Items]    
Purchases of feedstock material $ 6 $ 8
v3.25.1
Related Parties - Schedule of Accrued Liabilities (Details) - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Related Party Transaction [Line Items]    
Amount due to AMIC for slag purchases $ 239 $ 247
Slagger | Purchases of Feedstock Material | Related Party | Advanced Metal Industries Cluster Company Limited    
Related Party Transaction [Line Items]    
Amount due to AMIC for slag purchases $ 11 $ 6
v3.25.1
Related Parties - Schedule of Long-Term Debt (Details) - Cristal - MGT Loan - Related Party - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Dec. 17, 2020
Related Party Transaction [Line Items]      
Note payable, due within 1 year $ 7 $ 7  
Note payable, due longer than 1 year from now 10 12  
Total outstanding note payable $ 17 $ 19 $ 36
v3.25.1
Related Parties - Schedule of MGT Loan Repayments (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cristal | MGT Loan | Related Party    
Related Party Transaction [Line Items]    
Loan Repayment via MGT delivered to ATTM $ 2 $ 2
v3.25.1
Related Parties - Purchases of Chlorine Gas (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Purchase of Chlorine Gas | Related Party    
Related Party Transaction [Line Items]    
Purchases of chlorine gas $ 2 $ 1
v3.25.1
Related Parties - Schedule of Cost of Goods Sold, Accrued Liabilities (Details) - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Related Party Transaction [Line Items]    
Amount due related to purchases of chlorine gas $ 239 $ 247
Purchase of Chlorine Gas | Related Party    
Related Party Transaction [Line Items]    
Amount due related to purchases of chlorine gas $ 2 $ 6
v3.25.1
Related Parties - Schedule of MGT to ATTM, Net Sales (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Related Party Transaction [Line Items]    
MGT sales made to ATTM as product is delivered $ 738 $ 774
MGT    
Related Party Transaction [Line Items]    
MGT sales made to ATTM as product is delivered $ 16 $ 13
v3.25.1
Related Parties - Sales Outstanding Prepaid and Other Assets (Details) - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Related Party Transaction [Line Items]    
Due from ATTM for MGT deliveries $ 129 $ 184
Advanced Metal Industries Cluster and Toho Titanium Metal Co. Ltd (ATTM) | Receivable From MGT Product Sales | Related Party    
Related Party Transaction [Line Items]    
Due from ATTM for MGT deliveries $ 7 $ 14
v3.25.1
Segment Information - Narrative (Details)
 3 Months Ended
Mar. 31, 2025
segment
Segment Reporting [Abstract]  
Number of operating segments 1
Number of reportable segments 1
v3.25.1
Segment Information - Schedule of Segment Reporting Information, by Segment (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Segment Reporting Information [Line Items]    
Net sales $ 738 $ 774
Cost of goods sold 639 654
Gross profit 99 120
Reportable Segment    
Segment Reporting Information [Line Items]    
Net sales 738 774
Gross profit 99 120
Reportable Segment | Idle facility and lower of cost or net realizable value charges    
Segment Reporting Information [Line Items]    
Cost of goods sold 25 28
Reportable Segment | Other cost of goods    
Segment Reporting Information [Line Items]    
Cost of goods sold $ 614 $ 626