Geographic information

12 Months Ended

Dec. 31, 2023

Geographic information

Geographic Information

Note 2 – Geographic information:

Our operations are associated with the production and sale of titanium dioxide pigments (TiO₂). TiO₂ is used to impart whiteness, brightness, opacity and durability to a wide variety of products, including paints, plastics, paper, fibers and ceramics. Additionally, TiO₂ is a critical component of everyday applications, such as coatings, plastics and paper, as well as many specialty products such as inks, foods and cosmetics. At December 31, 2022 and 2023, the net assets of non-U.S. subsidiaries included in consolidated net assets approximated $504 million and $443 million, respectively.

For geographic information, we attribute net sales to the place of manufacture (point of origin) and to the location of the customer (point of destination); we attribute property and equipment to their physical location.

	Years ended December 31,
	2021		2022		2023
	(In millions)
Net sales - point of origin:
United States	$	1,052.1	$	1,226.6	$	1,029.2
Germany		971.7		895.4		726.4
Canada		371.9		389.4		351.0
Norway		257.2		273.5		252.1
Belgium		295.7		306.5		217.1
Eliminations		(1,009.2)		(1,161.2)		(909.3)
Total	$	1,939.4	$	1,930.2	$	1,666.5
Net sales - point of destination:
Europe	$	945.0	$	878.3	$	737.8
North America		645.7		695.7		618.1
Other		348.7		356.2		310.6
Total	$	1,939.4	$	1,930.2	$	1,666.5

	December 31,
	2022		2023
	(In millions)
Identifiable assets - net property and equipment:
Germany	$	198.5	$	207.7
Belgium		100.8		97.9
Norway		82.7		82.7
Canada		87.8		81.9
Other		14.7		12.7
Total	$	484.5	$	482.9