XML 147 R5.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED BALANCE SHEETS (USD $)
In Millions, unless otherwise specified
Mar. 31, 2013
Dec. 31, 2012
Mar. 31, 2013
Class A common stock
Dec. 31, 2012
Class A common stock
Dec. 31, 2012
Successor
Dec. 31, 2011
Successor
Dec. 31, 2012
Successor
Class A common stock
Dec. 31, 2012
Successor
Class B common stock
Dec. 31, 2011
Successor
Class B common stock
Current Assets                  
Cash and cash equivalents $ 1,375 $ 716     $ 716 $ 154      
Accounts receivable, net of allowance for doubtful accounts of $3 and less than $1 416 391     391 278      
Inventories 850 914     914 311      
Prepaid and other assets 28 38     38 22      
Deferred income taxes 41 114     114 4      
Total Current Assets 2,710 2,173     2,173 769      
Noncurrent Assets                  
Property, plant and equipment, net 1,360 1,423     1,423 504      
Mineral leaseholds, net 1,377 1,439     1,439 38      
Intangible assets, net 318 326     326 325      
Long-term deferred tax assets 169 91     91 9      
Other long-term assets 81 59     59 12      
Total Assets 6,015 5,511     5,511 1,657      
Accounts payable:                  
Third party 162 189     189 127      
Related party           74      
Accounts payable 162 189     189 127      
Accrued liabilities 178 209     209 46      
Short-term Debt    30     30         
Long-term debt due within one year 15 10     10 6      
Income taxes payable 20 24     24 28      
Current deferred income taxes 5 5     5        
Total Current Liabilities 380 467     467 281      
Noncurrent Liabilities                  
Long-term debt 2,396 1,605     1,605 421      
Pension and postretirement healthcare benefits 175 176     176 142      
Asset retirement obligations 105 106     106 29      
Deferred income taxes 214 222     222 19      
Other 49 53     53 13      
Total Noncurrent Liabilities         2,162 624      
Total Liabilities 3,319 2,629     2,629 905      
Contingencies and Commitments                      
Shareholders' Equity                  
Common stock, value     1 1    [1]    [1] 1 [1]    [1]    [1]
Capital in excess of par value 1,435 1,429     1,429 579      
Retained earnings 1,228 1,314     1,314 242      
Accumulated other comprehensive loss (185) (95)     (95) (57)      
Tronox Incorporated treasury shares, at cost - 472,565 shares at December 31, 2011(1)           (12)      
Total Shareholders' Equity 2,479 2,649     2,649 752      
Noncontrolling interest 217 233     233        
Total Equity 2,696 2,882 1 1 2,882 752 1    
Total Liabilities and Equity $ 6,015 $ 5,511     $ 5,511 $ 1,657      
[1] (1) On June 26, 2012, the Board of Directors of Tronox Limited approved a 5-to-1 share split for holders of its Class A ordinary shares and Class B ordinary shares at the close of business on July 20, 2012, by issuance of four additional shares for each share of the same class by way of bonus issue. All references to number of shares and per share data in the Successor's consolidated financial statements have been adjusted to reflect the share split, unless otherwise noted. See Note 15 for additional information regarding the Company's share split.