Income Taxes (Tables)

12 Months Ended

Dec. 31, 2019

Income Tax Disclosure [Abstract]

Schedule of provision for income taxes

The components of income (loss) before income taxes were as follows:

	Year ended December 31,
	2019		2018		2017
U.K.	$	(1)	$	80	$	76
Non-U.K.	(19)		(245)		110
Total	$	(20)	$	(165)	$	186

A summary of the provisions for current and deferred income taxes is as follows:

	Year ended December 31,
	2019		2018		2017
Income tax expense (benefit):
U.K.
Current	$	—	$	2	$	—
Deferred	—		—		—
Non-U.K.
Current	7		9		30
Deferred	143		(19)		20
Total	$	150	$	(8)	$	50

Schedule of reconciliation of the differences between the income taxes at the statutory rate to total provision for income taxes

The reconciliation of the differences between the U.K. income taxes at the U.K. statutory rate to Venator’s provision for income taxes is as follows:

	Year ended December 31,
	2019		2018		2017
(Loss) income from continuing operations before income taxes	$	(20)	$	(165)	$	186
Expected tax (benefit) expense at U.K. statutory rate of 19%, 19% and 20%, respectively	$	(4)	$	(31)	$	35
Change resulting from:
Non-U.K. tax rate differentials	(4)		(7)		(1)
Other non-U.K. tax effects, including nondeductible expenses, tax effect of rate changes and transfer pricing adjustments	—		(5)		—
Unrealized currency exchange gains and losses	—		—		7
Tax authority audits and dispute resolutions	—		—		1
Change in valuation allowance	158		39		3
Effects of U.S. tax reform	—		—		3
Other, net	—		(4)		2
Total income tax expense (benefit)	$	150	$	(8)	$	50

Schedule of components of deferred income tax assets and liabilities

Components of deferred income tax assets and liabilities at December 31, 2019 and December 31, 2018 were as follows:

	December 31,
	2019		2018
Deferred income tax assets:
Net operating loss carryforwards	$	519	$	313
Pension and other employee compensation	53		48
Property, plant and equipment	34		28
Other, net	77		49
Total	$	683	$	438
Total deferred income tax liabilities:
Property, plant and equipment	$	(35)	$	(32)
Pension and other employee compensation	(13)		(4)
Lease liability	(13)		—
Other, net	(4)		(4)
Total	$	(65)	$	(40)
Net deferred tax assets before valuation allowance	$	618	$	398
Valuation allowance	(585)		(220)
Net deferred tax assets	$	33	$	178
Non-current deferred tax assets	33		178
Non-current deferred tax liabilities	—		—
Net deferred tax assets	$	33	$	178

Schedule of reconciliation of unrecognized tax benefits

The following is a reconciliation of the unrecognized tax benefits:

	2019		2018		2017
Unrecognized tax benefits as of January 1,	$	17	$	23	$	20
Gross increases and decreases- tax positions taken during prior period	1		2		—
Gross increases and decreases—tax positions taken during the current period	—		—		1
Decreases related to settlements of amounts due to tax authorities	—		—		—
Reductions resulting from the lapse of statutes of limitation	(2)		(7)		—
Foreign currency movements	—		(1)		2
Unrecognized tax benefits as of December 31,	$	16	$	17	$	23

Summary of the tax years that remain subject to examination by major tax jurisdictions

The following table summarizes the tax years that remain subject to examination by major tax jurisdictions:

Tax Jurisdiction	Open Tax Years
France	2016 and later
Germany	2011 and later
Italy	2014 and later
Malaysia	2014 and later
Spain	2015 and later
United Kingdom	2015 and later
United States federal	2016 and later