CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions		Sep. 30, 2020	Dec. 31, 2019
Current assets:
Cash and cash equivalents	[1]	$ 208	$ 55
Accounts receivable (net of allowance for doubtful accounts)	[1]	306	321
Inventories	[1]	438	513
Prepaid expenses		25	21
Other current assets		52	67
Total current assets		1,029	977
Property, plant and equipment, net	[1]	940	989
Operating lease right-of-use assets, net	[1]	39	43
Intangible assets, net	[1]	18	21
Investment in unconsolidated affiliates		98	92
Deferred income taxes		37	33
Other noncurrent assets		139	110
Total assets		2,300	2,265
Current liabilities:
Accounts payable	[1]	212	334
Accounts payable to affiliates		3	17
Accrued liabilities	[1]	99	116
Current operating lease liability	[1]	8	8
Current portion of debt	[1]	7	13
Total current liabilities		329	488
Long-term debt		950	737
Operating lease liability	[1]	33	37
Other noncurrent liabilities		295	300
Noncurrent payable to affiliates		30	30
Total liabilities		1,637	1,592
Commitments and contingencies (Notes 11 and 12)
Equity
Ordinary shares $0.001 par value, 200 shares authorized, each, 107 issued and outstanding, each		0	0
Additional paid-in capital		1,328	1,322
Retained deficit		(325)	(271)
Accumulated other comprehensive loss		(347)	(385)
Total Venator Materials PLC shareholders' equity		656	666
Noncontrolling interest in subsidiaries		7	7
Total equity		663	673
Total liabilities and equity		$ 2,300	$ 2,265

[1] At September 30, 2020 and December 31, 2019, the following amounts from consolidated variable interest entities are included in the respective balance sheet captions above: $4 and $2 of cash and cash equivalents; $6 and $4 of accounts receivable, net; $1 and $2 of inventories; $5 each of property, plant and equipment, net; $1 each of operating lease right-of-use assets; $9 and $11 of intangible assets, net; $1 each of accounts payable; $3 each of accrued liabilities; nil and $1 of operating lease liabilities; and $2 and nil of current portion of debt. See "Note 5. Variable Interest Entities."