CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Jun. 30, 2025	Dec. 31, 2024
Current assets:
Cash and cash equivalents	$ 188.5	$ 348.3
Restricted cash equivalents	28.5	24.8
Marketable securities	2.4	1.9
Accounts and other receivables, net	379.2	327.8
Inventories, net	717.2	685.8
Prepaid expenses and other	51.6	65.1
Total current assets	1,367.4	1,453.7
Other assets:
Marketable securities	4.7	5.7
Goodwill	382.3	382.3
Deferred income taxes	58.6	53.8
Other assets	190.0	181.3
Total other assets	635.6	623.1
Property and equipment:
Land	79.2	74.7
Buildings	309.1	282.6
Equipment	1,444.4	1,312.0
Mining properties	89.7	76.0
Construction in progress	45.8	41.7
Gross property and equipment	1,968.2	1,787.0
Less accumulated depreciation and amortization	1,208.4	1,063.6
Net property and equipment	759.8	723.4
Total assets	2,762.8	2,800.2
Current liabilities:
Current maturities of long-term debt	88.7	79.0
Accounts payable and accrued liabilities	380.7	482.6
Accrued environmental remediation and related costs	4.3	59.7
Income taxes	9.4	22.5
Total current liabilities	483.1	643.8
Noncurrent liabilities:
Long-term debt	544.8	484.4
Accrued pension costs	127.2	117.6
Accrued environmental remediation and related costs	14.3	14.9
Deferred income taxes	63.7	57.7
Other liabilities	99.7	102.7
Total noncurrent liabilities	849.7	777.3
Equity:
Preferred stock
Common stock	0.3	0.3
Additional paid-in capital	670.3	669.9
Retained earnings	588.0	574.7
Accumulated other comprehensive loss	(137.5)	(159.2)
Treasury stock, at cost	(49.6)	(49.6)
Total Valhi stockholders' equity	1,071.5	1,036.1
Noncontrolling interest in subsidiaries	358.5	343.0
Total equity	1,430.0	1,379.1
Total liabilities and equity	2,762.8	2,800.2
Commitments and contingencies (Notes 13, 16 and 18)