Investment in TiO2 Manufacturing Joint Venture and Other Assets (Tables)

12 Months Ended

Dec. 31, 2021

Other Noncurrent Assets

	December 31,
	2020		2021
	(In millions)
Other assets:
Restricted cash and cash equivalents	$	37.8	$	41.9
Note receivables - OPA		25.3		38.7
Land held for development		96.0		36.0
IBNR receivables		37.1		34.4
Operating lease right-of-use assets		26.1		19.9
Other		8.7		16.8
Total	$	231.0	$	187.7

Schedule of Maturities of Operating Lease Liabilities

Years ending December 31,	Amount
	(In millions)
2022	$	4.2
2023		3.0
2024		2.1
2025		1.6
2026		1.4
2027 and thereafter		17.6
Total remaining lease payments		29.9
Less imputed interest		10.4
Total lease obligations		19.5
Less current obligations		3.7
Long term lease obligations	$	15.8

LPC

Summary of Net Distributions, Balance Sheets and Income Statements

	Years ended December 31,
	2019		2020		2021
	(In millions)
Distributions from LPC	$	40.6	$	32.7	$	28.5
Contributions to LPC		(49.9)		(45.5)		(24.7)
Net distributions (contributions)	$	(9.3)	$	(12.8)	$	3.8

Summary balance sheets of LPC are shown below:

	December 31,
	2020		2021
	(In millions)
ASSETS
Current assets	$	105.8	$	111.7
Property and equipment, net		134.1		142.6
Total assets	$	239.9	$	254.3
LIABILITIES AND PARTNERS' EQUITY
Other liabilities, primarily current	$	30.6	$	47.8
Partners' equity		209.3		206.5
Total liabilities and partners' equity	$	239.9	$	254.3

Summary income statements of LPC are shown below:

	Years ended December 31,
	2019		2020		2021
	(In millions)
Revenues and other income:
Kronos	$	176.2	$	167.8	$	188.6
Venator Investments		177.0		168.3		189.6
Total		353.2		336.1		378.2
Cost and expenses:
Cost of sales		352.8		335.7		377.8
General and administrative		.4		.4		.4
Total		353.2		336.1		378.2
Net income	$	—	$	—	$	—