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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 1,102 $ 1,451
Accounts and notes receivable, net 626 720
Inventories 1,404 1,099
Prepaid expenses and other 82 75
Total current assets 3,214 3,345
Property, plant, and equipment 9,387 9,232
Less: Accumulated depreciation (6,216) (6,078)
Property, plant, and equipment, net 3,171 3,154
Operating lease right-of-use assets 240 227
Goodwill 102 102
Other intangible assets, net 13 6
Investments in affiliates 175 169
Restricted cash and restricted cash equivalents 202 100
Other assets 523 447
Total assets 7,640 7,550
Current liabilities:    
Accounts payable 1,251 1,162
Compensation and other employee-related cost 121 173
Short-term and current maturities of long-term debt 25 25
Current environmental remediation 194 173
Other accrued liabilities 300 325
Total current liabilities 1,891 1,858
Long-term debt, net 3,590 3,724
Operating lease liabilities 198 179
Long-term environmental remediation 474 389
Deferred income taxes 61 49
Other liabilities 319 269
Total liabilities 6,533 6,468
Commitments and contingent liabilities
Equity    
Common stock (par value $0.01 per share; 810,000,000 shares authorized; 195,375,810 shares issued and 148,504,030 shares outstanding at December 31, 2022; 191,860,159 shares issued and 161,046,732 shares outstanding at December 31, 2021) 2 2
Treasury stock, at cost (46,871,780 shares at December 31, 2022; 30,813,427 shares at December 31, 2021) (1,738) (1,247)
Additional paid-in capital 1,016 944
Retained earnings 2,170 1,746
Accumulated other comprehensive loss (343) (364)
Total Chemours stockholders’ equity 1,107 1,081
Non-controlling interests   1
Total equity 1,107 1,082
Total liabilities and equity $ 7,640 $ 7,550