CONSOLIDATED AND COMBINED BALANCE SHEETS - USD ($) $ in Millions		Dec. 31, 2017	Dec. 31, 2016
Current assets:
Cash and cash equivalents	[1]	$ 238	$ 29
Accounts receivable (net of allowance for doubtful accounts of $5 and $4, respectively)	[1]	380	247
Accounts receivable from affiliates		12	243
Inventories	[1]	454	426
Prepaid expenses		19	11
Other current assets		66	59
Current assets of discontinued operations			84
Total current assets		1,169	1,099
Property, plant and equipment, net	[1]	1,367	1,178
Intangible assets, net	[1]	20	23
Investment in unconsolidated affiliates		86	85
Deferred income taxes		167	142
Notes receivable from affiliates		0	57
Other noncurrent assets		38	35
Noncurrent assets of discontinued operations			42
Total assets		2,847	2,661
Current liabilities:
Accounts payable	[1]	385	297
Accounts payable to affiliates		16	695
Accrued liabilities	[1]	244	146
Current portion of debt	[1]	14	10
Current liabilities of discontinued operations			27
Total current liabilities		659	1,175
Long-term debt		743	13
Long-term debt to affiliates		0	882
Deferred income taxes			12
Other noncurrent liabilities		306	324
Noncurrent payable to affiliates		34	0
Noncurrent liabilities of discontinued operations			78
Total liabilities		1,742	2,484
Commitments and contingencies (Notes 21 and 22)
Equity
Parent’s net investment and advances			588
Ordinary shares $0.001 par value, 200 shares authorized, 106 and nil issued and 106 and nil outstanding, respectively
Additional paid-in capital		1,311
Retained earnings		67
Accumulated other comprehensive loss		(283)	(423)
Total Venator		1,095	165
Noncontrolling interest in subsidiaries		10	12
Total equity		1,105	177
Total liabilities and equity		$ 2,847	$ 2,661

[1] At December 31, 2017 and 2016 respectively, $5 and $4 of cash and cash equivalents, $7 and $6 of accounts receivable (net), $2 and $1 of inventories, $5 and $4 of property, plant and equipment (net), $17 and $20 of intangible assets (net), $1 each of accounts payable, $4 each of accrued liabilities, and $2 each of current portion of debt from consolidated variable interest entities are included in the respective balance sheet captions above. See “Note 7. Variable Interest Entities.”