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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Cash flows from operating activities:    
Net income (loss) $ (135.4) $ 65.8
Depreciation and amortization 53.2 58.8
Benefit plan expense greater (less) than cash funding 2.5 (2.8)
Deferred income taxes 90.2 6.5
Distributions from Ti02 manufacturing joint venture, net 7.6 13.2
Other, net 9.4 2.9
Change in assets and liabilities:    
Accounts and other receivables, net (2.9) (83.4)
Inventories, net 2.5 (9.6)
Land held for development, net 6.3 (4.6)
Accounts payable and accrued liabilities 0.4 (21.2)
Accounts with affiliates 17.1 3.4
Income taxes (0.2) (4.1)
Other, net (17.6) (9.3)
Net cash provided by operating activities 33.1 15.6
Cash flows from investing activities:    
Capital expenditures (36.4) (49.7)
Capitalized permit costs (0.9) (0.1)
Purchases of marketable securities (10.6) (10.3)
Disposal of marketable securities 10.9 8.9
Change in restricted cash equivalents, net (1.2) 14.8
Other, net 0.2 0.1
Net cash used in investing activities (38.0) (36.3)
Indebtedness:    
Borrowings 58.6 498.8
Principal payments (39.7) (323.5)
Deferred financing costs paid   (6.1)
Valhi cash dividends paid (20.4) (30.4)
Distributions to noncontrolling interest in subsidiaries (10.8) (15.6)
Other 0.1  
Net cash provided by (used in) financing activities (12.2) 123.2
Cash and cash equivalents – net change from:    
Operating, investing and financing activities (17.1) 102.5
Effect of exchange rate on cash (6.3) (4.6)
Cash and cash equivalents at beginning of period 255.8 142.8
Cash and cash equivalents at end of period 232.4 240.7
Cash paid for:    
Interest, net of capitalized interest 41.5 39.1
Income taxes, net 11.7 32.3
Noncash investing activities:    
Change in accruals for capital expenditures $ 3.1 5.7
Accrual for capital lease additions   $ 9.0