CONDENSED CONSOLIDATED AND COMBINED BALANCE SHEETS - USD ($) $ in Millions		Mar. 31, 2018	Dec. 31, 2017
Current assets:
Cash and cash equivalents	[1]	$ 223	$ 238
Accounts receivable (net of allowance for doubtful accounts of $5 each)(a)	[1]	438	380
Accounts receivable from affiliates		14	12
Inventories	[1]	482	454
Prepaid expenses		15	19
Other current assets		78	66
Total current assets		1,250	1,169
Property, plant and equipment, net	[1]	1,444	1,367
Intangible assets, net	[1]	19	20
Investment in unconsolidated affiliates		81	86
Deferred income taxes		166	167
Other noncurrent assets		38	38
Total assets		2,998	2,847
Current liabilities:
Accounts payable	[1]	386	385
Accounts payable to affiliates		16	16
Accrued liabilities	[1]	269	244
Current portion of debt	[1]	9	14
Total current liabilities		680	659
Long-term debt		743	743
Deferred income taxes		2	0
Other noncurrent liabilities		302	306
Noncurrent payable to affiliates		34	34
Total liabilities		1,761	1,742
Commitments and contingencies (Notes 11 and 12)
Equity
Ordinary shares $0.001 par value, 200 shares authorized, 106 issued and outstanding each		0	0
Additional paid-in capital		1,312	1,311
Retained earnings		145	67
Accumulated other comprehensive loss		(230)	(283)
Total Venator Materials PLC shareholders' equity		1,227	1,095
Noncontrolling interest in subsidiaries		10	10
Total equity		1,237	1,105
Total liabilities and equity		$ 2,998	$ 2,847

[1] At March 31, 2018 and December 31, 2017, $9 and $5 of cash and cash equivalents, $6 and $7 of accounts receivable, (net), $1 and $2 of inventories, $5 each of property, plant and equipment, (net), $17 each of intangible assets, (net), $1 each of accounts payable, $3 and $4 of accrued liabilities, and $2 each of current portion of debt, respectively, from consolidated variable interest entities are included in the respective balance sheet captions above. See "Note 5. Variable Interest Entities."