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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities:      
Net income (loss) $ (49.1) $ 104.5 $ 112.9
Depreciation 48.6 51.7 51.3
Amortization of operating lease right-of-use assets 4.5 4.5 6.6
Deferred income taxes (39.3) (1.4) 14.3
Benefit plan expense greater (less) than cash funding (5.1) 8.7 11.9
Marketable equity securities 1.0 1.0 (2.0)
Distributions from (contributions to) TiO2 manufacturing joint venture, net 3.1 (10.5) 3.8
Fixed asset impairment 3.8    
Other, net 1.8 3.5 0.8
Change in assets and liabilities:      
Accounts and other receivables, net (43.9) 85.7 (58.6)
Inventories, net 56.3 (198.4) 65.8
Prepaid expenses 6.3 (12.5) (20.5)
Accounts payable and accrued liabilities 33.9 36.7 47.2
Income taxes 8.2 (0.1) (1.6)
Accounts with affiliates (26.0) 8.7 (26.3)
Other noncurrent assets 0.8 0.3 (5.1)
Other noncurrent liabilities 0.6 (0.7) 6.0
Net cash provided by operating activities 5.5 81.7 206.5
Cash flows from investing activities:      
Capital expenditures (47.4) (63.2) (58.6)
Other   0.1  
Net cash used in investing activities (47.4) (63.1) (58.6)
Cash flows from financing activities:      
Payments on long-term debt (1.1) (1.3) (1.4)
Deferred financing fees (0.1) (0.1) (1.9)
Dividends paid (87.5) (87.8) (83.2)
Treasury stock acquired (2.9) (2.3) (0.2)
Net cash used in financing activities (91.6) (91.5) (86.7)
Cash, cash equivalents and restricted cash - net change from:      
Operating, investing and financing activities (133.5) (72.9) 61.2
Effect of currency exchange rate changes on cash 1.0 (5.1) (10.6)
Net change for the year (132.5) (78.0) 50.6
Balance at beginning of year 334.6 412.6 362.0
Balance at end of year 202.1 334.6 412.6
Cash paid for:      
Interest, net of amount capitalized 15.8 15.7 18.0
Income taxes 17.3 37.3 41.6
Accrual for capital expenditures $ 1.1 $ 6.6 $ 4.8