Quarterly Results of Operations (Unaudited) (Tables)

12 Months Ended

Dec. 31, 2013

Quarterly Financial Information Disclosure [Abstract]

Summary of Quarterly Results of Operations

The following represents our unaudited quarterly results for the year ended December 31, 2013. These quarterly results were prepared in conformity with generally accepted accounting principles and reflect all adjustments that are, in the opinion of management, necessary for a fair statement of the results.

	January 1 – March 31			April 1 – June 30			July 1 - September 30			October 1 - December 31
Net sales	$	470		$	525		$	491		$	436
Cost of goods sold		438			475			437			382
Gross Profit		32			50			54			54
Net income (loss)		(45	)		(1	)	$	(41	)	$	(3	)
Net income (loss) attributable to noncontrolling interest		12			12			8			4
Net Income (Loss) attributable to Tronox Limited	$	(57	)	$	(13	)	$	(49	)	$	(7	)
Net income (loss) per share:
Basic	$	(0.50	)	$	(0.11	)	$	(0.43	)	$	(0.06	)
Diluted	$	(0.50	)	$	(0.11	)	$	(0.43	)	$	(0.06	)

The following represents our unaudited quarterly results for the year ended December 31, 2012. These quarterly results were prepared in conformity with generally accepted accounting principles and reflect all adjustments that are, in the opinion of management, necessary for a fair statement of the results. Subsequent to the Transaction, we adjusted the initial valuation, and recorded these adjustments retroactive to the second quarter. As such, the quarterly results of operations for the second and third quarter have been revised.

	January 1 – March 31		April 1 – June 30		July 1 - September 30			October 1 - December 31
Net sales	$	434	$	429	$	487		$	482
Cost of goods sold		277		304		444			543
Gross Profit		157		125		43			(61	)
Net income (loss)	$	86	$	1,144	$	(1	)	$	(96	)
Net income (loss) attributable to noncontrolling interest		—		—		2			(3	)
Net Income (Loss) attributable to Tronox Limited	$	86	$	1,144	$	(3	)	$	(93	)
Net income (loss) per share:
Basic	$	1.14	$	13.46	$	(0.03	)	$	(0.82	)
Diluted	$	1.10	$	13.00	$	(0.03	)	$	(0.82	)