Investment in Affiliates and Other Assets (Tables)

12 Months Ended

Dec. 31, 2013

Investment in Affiliates and Other Assets

	December 31,
	2012		2013
	(In millions)
Investment in affiliates:
Ti02 manufacturing joint venture	$	109.9	$	102.3
BMI and Landwell		16.2		—
Total	$	126.1	$	102.3
Other assets:
Land held for development	$	—	$	158.1
Waste disposal site operating permits, net		65.7		59.5
Restricted cash		20.9		33.3
IBNR receivables		6.7		6.9
Capital lease deposit		6.2		6.2
Intangible assets		.2		5.2
Deferred financing costs		7.0		2.6
Assets held for sale		2.6		1.1
Other		46.7		63.8
Total	$	156.0	$	336.7

Summary of Financial Information

	Years ended December 31,
	2011			2012			2013
	(In millions)
Distributions from LPC	$	29.7		$	79.5		$	70.7
Contributions to LPC		(25.9	)		(100.2	)		(59.8	)
Net distributions (contributions)	$	3.8		$	(20.7	)	$	10.9

Components of Net Capitalized Permit Costs

	December 31,
	2012		2013
	(In millions)
Net permit costs for:
Pending renewals of prior permits	$	.2	$	—
Issued permits which are being amortized:
LLRW license (expires in 2024)		58.3		54.0
Byproduct license (expires in 2018)		5.6		4.6
Other (expires 2014 - 2024)		1.6		.9
Total pending renewals and issued permits which are being amortized	$	65.7	$	59.5

LPC

Summary of Financial Information

Summary balance sheets of LPC are shown below:

	December 31,
	2012		2013
	(In millions)
ASSETS
Current assets	$	139.8	$	127.2
Property and equipment, net		126.0		114.1
Total assets	$	265.8	$	241.3
LIABILITIES AND PARTNERS’ EQUITY
Other liabilities, primarily current	$	43.2	$	33.9
Partners’ equity		222.6		207.4
Total liabilities and partners’ equity	$	265.8	$	241.3

Summary income statements of LPC are shown below:

	Years ended December 31,
	2011		2012		2013
	(In millions)
Revenues and other income:
Kronos	$	144.8	$	250.2	$	224.5
Tioxide		145.7		227.5		224.6
Total		290.5		477.7		449.1
Cost and expenses:
Cost of sales		290.1		477.3		448.7
General and administrative		.4		.4		.4
Total		290.5		477.7		449.1
Net income	$	—	$	—	$	—

Basic Management Inc And Landwell

Summary of Financial Information

	September 30,
	2012
	(In millions)
ASSETS
Current assets	$	25.7
Prepaid costs and other		11.6
Property and equipment, net		6.4
Investment in undeveloped land and water rights		42.0
Land and development costs		12.7
Total assets	$	98.4
LIABILITIES AND EQUITY
Current liabilities	$	14.2
Long-term debt		14.3
Deferred income taxes		6.0
Other noncurrent liabilities		3.4
Equity		60.5
Total liabilities and equity	$	98.4

	Twelve months ended September 30,
	2011			2012			2013
	(In millions)
Total revenues	$	10.0		$	10.4		$	9.5
Loss before income taxes		(2.7	)		(1.2	)		(3.9	)
Net loss		(2.1	)		(1.4	)		(3.7	)