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CONSOLIDATED AND COMBINED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Trade sales, services and fees, net $ 2,130 $ 2,265 $ 2,209
Cost of goods sold 1,892 1,550 1,744
Operating expenses:      
Selling, general and administrative (includes corporate allocations from Huntsman of , nil and $62, respectively) 182 212 216
Restructuring, impairment and plant closing and transition costs 33 628 52
Other operating expense, net 10 6 10
Total operating expenses 225 846 278
Operating income (loss) 13 (131) 187
Interest expense (53) (53) (100)
Interest income 12 13 60
Other income, net 8 6 39
(Loss) income from continuing operations before income taxes (20) (165) 186
Income tax (expense) benefit (150) 8 (50)
(Loss) income from continuing operations (170) (157) 136
Income from discontinued operations, net of tax 0 0 8
Net (loss) income (170) (157) 144
Net income attributable to noncontrolling interests (5) (6) (10)
Net (loss) income attributable to Venator $ (175) $ (163) $ 134
Basic (losses) earnings per share:      
(Loss) income from continuing operations attributable to Venator Materials PLC ordinary shareholders (USD per share) $ (1.64) $ (1.53) $ 1.19
Income from discontinued operations attributable to Venator Materials PLC ordinary shareholders (USD per share) 0 0 0.07
Net (loss) income attributable to Venator Materials PLC ordinary shareholders (USD per share) (1.64) (1.53) 1.26
Diluted (losses) earnings per share:      
(Loss) income from continuing operations attributable to Venator Materials PLC ordinary shareholders (USD per share) (1.64) (1.53) 1.18
Income from discontinued operations attributable to Venator Materials PLC ordinary shareholders (USD per share) 0 0 0.08
Net (loss) income attributable to Venator Materials PLC ordinary shareholders (USD per share) $ (1.64) $ (1.53) $ 1.26
Huntsman | Corporate allocations      
Operating expenses:      
Selling, general and administrative expenses $ 0 $ 0 $ 62