Accounts payable and accrued liabilities

12 Months Ended

Dec. 31, 2024

Accounts payable and accrued liabilities

Accounts payable and accrued liabilities

Note 10 – Accounts payable and accrued liabilities:

	December 31,
	2023		2024
	(In millions)
Accounts payable:
Kronos	$	218.7	$	232.4
CompX		3.1		3.7
BMI/LandWell		6.7		8.0
Distributions payable to noncontrolling interest		—		5.9
Total	$	228.5	$	250.0
Current accrued liabilities:
Employee benefits	$	36.2	$	38.7
Accrued development costs		15.1		30.0
Deferred income		88.8		28.2
Accrued sales discounts and rebates		22.5		27.6
Interest		5.1		11.4
Operating lease liabilities		3.9		3.5
Other		45.0		59.7
Total	$	216.6	$	199.1
Noncurrent accrued liabilities:
Accrued development costs	$	42.3	$	26.8
Operating lease liabilities		18.6		17.1
Insurance claims and expenses		14.9		16.6
Deferred income		15.5		11.8
Asset retirement obligations		7.2		14.3
Other postretirement benefits		7.4		6.7
Employee benefits		4.9		4.5
Earn-out liability		—		4.3
Other		.6		.6
Total	$	111.4	$	102.7

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.