CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 640.0	$ 698.4
Restricted cash equivalents	55.9	52.6
Marketable securities	2.2	2.6
Accounts and other receivables, net	443.3	403.7
Inventories, net	493.1	458.7
Prepaid expenses and other	69.7	57.2
Total current assets	1,704.2	1,673.2
Other assets:
Investment in TiO2 manufacturing joint venture	105.7	101.9
Goodwill	379.7	379.7
Deferred income taxes	79.1	86.8
Other assets	190.7	200.0
Total other assets	755.2	768.4
Property and equipment:
Land	50.6	50.3
Buildings	250.0	252.6
Equipment	1,192.6	1,194.6
Mining properties	23.2	26.3
Construction in progress	90.3	82.9
Gross property and equipment	1,606.7	1,606.7
Less accumulated depreciation and amortization	1,042.8	1,043.1
Net property and equipment	563.9	563.6
Total assets	3,023.3	3,005.2
Current liabilities:
Current maturities of long-term debt	3.1	3.1
Accounts payable and accrued liabilities	428.9	448.1
Income taxes	19.0	12.3
Total current liabilities	451.0	463.5
Noncurrent liabilities:
Long-term debt	638.2	649.9
Deferred income taxes	44.9	46.2
Payable to affiliate - income taxes	44.5	44.5
Accrued pension costs	285.9	291.1
Accrued environmental remediation and related costs	94.1	94.1
Other liabilities	243.7	257.5
Total noncurrent liabilities	1,351.3	1,383.3
Equity: Valhi stockholders' equity:
Common stock	0.3	0.3
Additional paid-in capital	670.4	669.0
Retained earnings	444.3	401.1
Accumulated other comprehensive loss	(185.4)	(191.3)
Treasury stock, at cost	(49.6)	(49.6)
Total Valhi stockholders' equity	880.0	829.5
Noncontrolling interest in subsidiaries	341.0	328.9
Total equity	1,221.0	1,158.4
Total liabilities and equity	3,023.3	$ 3,005.2
Commitments and contingencies (Notes 6, 12 and 15)