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Quarterly Results of Operations (Unaudited)
 12 Months Ended
Dec. 31, 2014
Quarterly Results of Operations (Unaudited) [Abstract]  
Quarterly Results of Operations (Unaudited)
28. Quarterly Results of Operations (Unaudited)
 
The following represents our unaudited quarterly results for the year ended December 31, 2014 and 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, and were of a normal recurring nature.
 
Unaudited quarterly results for 2014:
 
  
1st Quarter
  
2nd Quarter
  
3rd Quarter
  
4th Quarter
 
Net sales
 
$
418
  
$
490
  
$
429
  
$
400
 
Cost of goods sold
  
393
   
430
   
361
   
346
 
Gross profit
  
25
   
60
   
68
   
54
 
Net income (loss)
  
(54
)
  
2
  
$
(90
)
 
$
(275
)
Net income attributable to noncontrolling interest
  
4
   
2
   
3
   
1
 
Net income (loss) attributable to Tronox Limited
 
$
(58
)
 
$
—
  
$
(93
)
 
$
(276
)
Loss per share, basic and diluted
 
$
(0.51
)
 
$
—
  
$
(0.82
)
 
$
(2.40
)
 
Unaudited quarterly results for 2013:
 
  
1st Quarter
  
2nd Quarter
  
3rd Quarter
  
4th Quarter
 
Net sales
 
$
470
  
$
525
  
$
491
  
$
436
 
Cost of goods sold
  
438
   
475
   
437
   
382
 
Gross profit
  
32
   
50
   
54
   
54
 
Net loss
  
(45
)
  
(1
)
 
$
(41
)
 
$
(3
)
Net income attributable to noncontrolling interest
  
12
   
12
   
8
   
4
 
Net loss attributable to Tronox Limited
 
$
(57
)
 
$
(13
)
 
$
(49
)
 
$
(7
)
Loss per share, basic and diluted
 
$
(0.50
)
 
$
(0.11
)
 
$
(0.43
)
 
$
(0.06
)
 
The sum of the quarterly per share amounts may not equal the annual per share amounts due to relative changes in the weighted average number of shares used to calculate net income (loss) per share.