Accounts payable and accrued liabilities

12 Months Ended

Dec. 31, 2025

Accounts payable and accrued liabilities

Accounts payable and accrued liabilities

Note 10 – Accounts payable and accrued liabilities:

	December 31,
	2024		2025
	(In millions)
Accounts payable:
Kronos	$	232.4	$	224.0
CompX		3.7		2.7
BMI/LandWell		8.0		2.6
Distributions payable to noncontrolling interest		5.9		2.0
Total	$	250.0	$	231.3
Current accrued liabilities:
Employee benefits	$	37.8	$	38.0
Accrued development costs		30.0		25.2
Deferred income		28.2		25.9
Accrued sales discounts and rebates		27.6		25.1
Interest		11.4		14.2
Accrued severance cost		.9		8.8
Operating lease liabilities		3.5		4.2
Other		59.7		57.2
Total	$	199.1	$	198.6
Noncurrent accrued liabilities:
Accrued development costs	$	26.8	$	16.1
Operating lease liabilities		17.1		15.7
Insurance claims and expenses		16.6		16.1
Deferred income		11.8		2.9
Asset retirement obligations		14.3		14.7
Other postretirement benefits		6.7		6.4
Employee benefits		4.5		4.6
Earn-out liability		4.3		—
Other		.6		.5
Total	$	102.7	$	77.0

The risks associated with certain of our accrued insurance claims and expenses have been reinsured, and the related IBNR receivables are recognized as noncurrent assets to the extent the related liability is classified as a noncurrent liability. See Note 7. See Note 3 for additional details related to the acquisition earn-out liability. See Note 20 for additional information related to the accrued severance costs.