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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities:    
Net income $ 103.4 $ 45.3
Depreciation 26.0 25.5
Amortization of operating lease right-of-use assets 2.4 3.3
Deferred income taxes 3.3 1.1
Benefit plan expense greater than cash funding 3.9 5.1
Marketable equity securities (2.4) (1.3)
Contributions to TiO2 manufacturing joint venture, net (4.1) (0.2)
Other, net 2.4 0.4
Change in assets and liabilities:    
Accounts and other receivables, net (58.6) (30.7)
Inventories, net (30.3) 84.4
Prepaid expenses (0.4) 2.6
Accounts payable and accrued liabilities (14.2) (40.5)
Income taxes 3.5 (8.6)
Accounts with affiliates 13.7 (8.6)
Other, net 0.7 0.3
Net cash provided by (used in) operating activities 49.3 78.1
Cash flows from investing activities:    
Capital expenditures (30.5) (21.2)
Proceeds from insurance settlement 0.1  
Net cash used in investing activities (30.4) (21.2)
Cash flows from financing activities:    
Payments on long-term debt (0.3) (0.4)
Deferred financing fees   (1.8)
Dividends paid (43.9) (41.6)
Treasury stock acquired (1.1)  
Net cash used in financing activities (45.3) (43.8)
Cash, cash equivalents and restricted cash - net change from:    
Operating, investing and financing activities (26.4) 13.1
Effect of currency exchange rate changes on cash (8.7) (4.9)
Balance at beginning of period 412.6 362.0
Balance at end of period 377.5 370.2
Cash paid for:    
Interest, net of amount capitalized 8.3 9.2
Income taxes 25.3 31.3
Accrual for capital expenditures $ 2.5 $ 2.2