Investment in TiO2 Manufacturing Joint Venture (Tables)

12 Months Ended

Dec. 31, 2023

Louisiana pigment company, L.P

Schedule of Equity Method Investments [Line Items]

Summary of Net Cash Distributions, Balance Sheets and Income Statements

	Years ended December 31,
	2021		2022		2023
	(In millions)
Distributions from LPC	$	28.5	$	58.3	$	52.8
Contributions to LPC		(24.7)		(68.8)		(49.7)
Net distributions (contributions)	$	3.8	$	(10.5)	$	3.1

Summary balance sheets of LPC are shown below:

	December 31,
	2022		2023
	(In millions)
ASSETS
Current assets	$	122.2	$	118.5
Property and equipment, net		147.4		148.4
Total assets	$	269.6	$	266.9
LIABILITIES AND PARTNERS’ EQUITY
Other liabilities, primarily current	$	41.2	$	42.1
Partners’ equity		228.4		224.8
Total liabilities and partners’ equity	$	269.6	$	266.9

Summary income statements of LPC are shown below:

	Years ended December 31,
	2021		2022		2023
	(In millions)
Revenues and other income:
Kronos	$	188.6	$	225.6	$	231.7
Venator Investments		189.6		225.9		231.7
Total revenues and other income		378.2		451.5		463.4
Cost and expenses:
Cost of sales		377.8		451.1		463.0
General and administrative		.4		.4		.4
Total costs and expenses		378.2		451.5		463.4
Net income	$	-	$	-	$	-