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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 $ 2.9 $ 136.1 $ 197.7
Depreciation and amortization 54.1 58.5 59.3
Gain from sale of land (1.5)   (16.0)
Loss on pension plan termination 6.2    
Water system fixed asset impairment   16.4  
Fixed asset impairment 3.8    
Loss on sale of Basic Power Company (BPC) 2.6    
Loss on deconsolidation of BWC   2.0  
Noncash interest expense 2.0 2.2 2.9
Benefit plan expense greater (less) than cash funding (6.2) 8.6 11.4
Deferred income taxes (48.1) 0.6 12.1
Distributions from (contributions to) TiO2 manufacturing joint venture, net 3.1 (10.5) 3.8
Other, net 2.6 10.1 2.3
Change in assets and liabilities:      
Accounts and other receivables, net (44.6) 81.1 (64.6)
Inventories, net 56.7 (204.2) 58.3
Land held for development, net 0.8 21.4 49.6
Accounts payable and accrued liabilities 11.2 3.9 154.3
Income taxes 9.3 (0.5) (1.6)
Accounts with affiliates (27.8) 9.4 (24.3)
Other noncurrent assets (9.5) (3.4) (15.9)
Other noncurrent liabilities (19.3) (83.9) 53.7
Other, net 5.6 (12.9) (23.3)
Net cash provided by operating activities 3.9 34.9 459.7
Cash flows from investing activities:      
Capital expenditures (48.5) (67.6) (64.1)
Cash and cash equivalents of BPC at time of sale (1.7)    
Cash, cash equivalents and restricted cash of BWC   (8.6)  
Purchases of marketable securities (66.4) (73.6) (4.0)
Proceeds from disposal of marketable securities 85.7 2.9 5.2
Proceeds from land sales 1.8   23.4
Other, net 0.1 0.2 2.1
Net cash used in investing activities (29.0) (146.7) (37.4)
Cash flows from financing activities:      
Principal payments on indebtedness (29.8) (62.0) (102.3)
Valhi cash dividends paid (9.1) (9.0) (9.0)
Distributions to noncontrolling interest in subsidiaries (34.0) (38.9) (74.4)
Subsidiary treasury stock acquired (2.9) (4.0) (1.5)
Other, net (0.1) (0.1) (1.9)
Net cash used in financing activities (75.9) (114.0) (189.1)
Cash, cash equivalents and restricted cash and cash equivalents - net change from:      
Operating, investing and financing activities (101.0) (225.8) 233.2
Effect of exchange rates on cash 1.0 (5.1) (10.6)
Balance at beginning of year 562.0 792.9 570.3
Balance at end of year 462.0 562.0 792.9
Cash paid for:      
Interest, net of amounts capitalized 26.6 25.8 29.2
Income taxes, net 27.4 43.7 65.9
Noncash investing activities:      
Change in accruals for capital expenditures $ 1.1 $ 6.6 $ 4.6