CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions		Dec. 31, 2019	Dec. 31, 2018
Current assets:
Cash and cash equivalents	[1]	$ 55	$ 165
Accounts receivable (net of allowance for doubtful accounts of $4 and $5, respectively)		321	351
Inventories	[1]	513	538
Prepaid expenses		21	20
Other current assets		67	51
Total current assets		977	1,125
Property, plant and equipment, net	[1]	989	994
Operating lease right-of-use assets	[1]	43
Intangible assets, net	[1]	21	16
Investment in unconsolidated affiliates(a)	[1]	92	83
Deferred income taxes		33	178
Other noncurrent assets		110	89
Total assets		2,265	2,485
Current liabilities:
Accounts payable	[1]	334	382
Accounts payable to affiliates		17	18
Accrued liabilities	[1]	116	135
Current operating lease liability	[1]	8
Current portion of debt	[1]	13	8
Total current liabilities		488	543
Long-term debt		737	740
Operating lease liability		37
Other noncurrent liabilities		300	313
Noncurrent payable to affiliates		30	34
Total liabilities		1,592	1,630
Commitments and contingencies (Notes 23 and 24)
Equity
Ordinary shares $0.001 par value, 200 shares authorized, each, 107 and 106 issued and outstanding, respectively		0	0
Additional paid-in capital		1,322	1,316
Retained deficit		(271)	(96)
Accumulated other comprehensive loss		(385)	(373)
Total Venator Materials PLC shareholders' equity		666	847
Noncontrolling interest in subsidiaries		7	8
Total equity		673	855
Total liabilities and equity		$ 2,265	$ 2,485

[1] At December 31, 2019 and December 31, 2018, the following amounts from consolidated variable interest entities are included in the respective balance sheet captions above: $2 and $5 of cash and cash equivalents; $4 and $5 of accounts receivable, net; $2 and $1 of inventories; $5 each of property, plant and equipment, net; $1 and nil of operating lease right-of-use assets; $11 and $14 of intangible assets, net; $1 each of accounts payable; $3 and $4 of accrued liabilities; $1 and nil of operating lease liabilities; and nil and $2 of current portion of debt. See "Note 9. Variable Interest Entities."