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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Millions, except Share data in Thousands, unless otherwise specified
3 Months Ended 6 Months Ended 11 Months Ended 12 Months Ended 1 Months Ended 12 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Dec. 31, 2011
Successor [Member]
Dec. 31, 2012
Successor [Member]
Jan. 31, 2011
Predecessor [Member]
Dec. 31, 2010
Predecessor [Member]
Net Sales $ 525 $ 429 $ 995 $ 863 $ 1,543 $ 1,832 $ 108 $ 1,218
Cost of goods sold 475 304 913 581 1,104 1,568 83 996
Gross Margin 50 125 82 282 439 264 25 222
Selling, general and administrative expenses 41 103 92 147 152 239 5 59
Litigation/arbitration settlement         10      
Provision for environmental remediation and restoration, net of reimbursements         5     47
Income (Loss) from Operations 9 22 (10) 135 302 25 20 210
Interest and debt expense (35) (14) (62) (22) (30) (65) (3) (50)
Loss on extinguishment of debt     (4)          
Other income (expense) 26 (3) 32 (4) (10) (7) 2 (8)
Gain on bargain purchase   1,055   1,055   1,055    
Reorganization income (expense)             613 (145)
Income (Loss) before Income Taxes    1,060 (44) 1,164 262 1,008 632 7
Income tax benefit (provision) (1) 84 (2) 66 (20) 125 (1) (2)
Income from Continuing Operations         242 1,133 631 5
Income from discontinued operations               1
Net Income (1) 1,144 (46) 1,230 242 1,133 631 6
Income attributable to noncontrolling interest 12    24       1      
Net Income (Loss) attributable to Tronox Limited $ (13) $ 1,144 $ (70) $ 1,230 $ 242 $ 1,134 $ 631 $ 6
Basic -                
Continuing operations $ (0.11) $ 13.46 $ (0.62) $ 15.31 $ 3.22 $ 11.37 $ 15.28 $ 0.11
Discontinued operations               $ 0.03
Basic $ (0.11) $ 13.46 $ (0.62) $ 15.31 $ 3.22 $ 11.37 $ 15.28 $ 0.14
Diluted -                
Continuing operations $ (0.11) $ 13.00 $ (0.62) $ 14.74 $ 3.10 $ 11.10 $ 15.25 $ 0.11
Discontinued operations               $ 0.03
Diluted $ (0.11) $ 13.00 $ (0.62) $ 14.74 $ 3.10 $ 11.10 $ 15.25 $ 0.14
Weighted Average Shares Outstanding                
Basic 113,390 84,528 113,354 79,960 74,905 98,985 41,311 41,232
Diluted 113,390 87,535 113,354 83,021 78,095 101,406 41,399 41,383