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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash flows from operating activities:    
Net income $ 18.1 $ 8.1
Depreciation 13.9 10.9
Amortization of operating lease right-of-use assets 1.0 1.1
Deferred income taxes 1.5 (0.2)
Benefit plan expense less than cash funding (2.9) (2.8)
Marketable equity securities 1.0 (0.3)
Distributions from TiO2 manufacturing joint venture, net   2.3
Other, net (1.0) 2.1
Change in assets and liabilities:    
Accounts and other receivables, net (53.7) (58.3)
Inventories, net (27.2) 75.6
Prepaid expenses 1.3 4.4
Accounts payable and accrued liabilities (62.2) (103.7)
Income taxes 2.0 2.0
Accounts with affiliates 5.2 15.3
Other, net 0.6 0.2
Net cash used in operating activities (102.4) (43.3)
Cash flows from investing activities - capital expenditures (12.0) (4.7)
Cash flows from financing activities:    
Borrowings 145.0  
Payments (112.1)  
Loan from Contran   53.7
Payments on long-term debt   (52.6)
Deferred financing fees   (4.9)
Dividends paid (5.8) (21.9)
Net cash provided by (used in) financing activities 27.1 (25.7)
Cash, cash equivalents and restricted cash - net change from:    
Operating, investing and financing activities (87.3) (73.7)
Effect of currency exchange rate changes on cash 1.2 (1.1)
Balance at beginning of period 114.7 202.1
Balance at end of period 28.6 127.3
Cash paid for:    
Interest, net of amount capitalized 19.6 7.2
Income taxes 2.2 0.9
Accrual for capital expenditures $ 3.2 $ 0.9