XML 60 R46.htm IDEA: XBRL DOCUMENT v3.3.1.900
Commitments and Contingencies (Tables)
12 Months Ended
Dec. 31, 2015
Commitments And Contingencies Disclosure [Abstract]  
Change in Accrued Environmental Remediation and Related Costs

The table below presents a summary of the activity in our accrued environmental costs during the past three years. The amount charged to expense is included in corporate expense on our Consolidated Statements of Operations.

 

 

 

Years ended December 31,

 

 

 

2013

 

 

2014

 

 

2015

 

 

 

(In millions)

 

Balance at the beginning of the year

 

$

50.2

 

 

$

122.7

 

 

$

118.5

 

Additions charged to expense, net

 

 

69.0

 

 

 

6.6

 

 

 

5.7

 

Acquired

 

 

7.0

 

 

 

 

 

 

—  

 

Payments, net

 

 

(3.4

)

 

 

(13.0

)

 

 

(3.5

)

Changes in currency exchange rates and other

 

 

(.1

)

 

 

2.2

 

 

 

(.3

)

Balance at the end of the year

 

$

122.7

 

 

$

118.5

 

 

$

120.4

 

Amounts recognized in our Consolidated Balance Sheet at the end of the year:

 

 

 

 

 

 

 

 

 

 

 

 

Current liabilities

 

$

9.1

 

 

$

10.2

 

 

$

11.7

 

Noncurrent liabilities

 

 

113.6

 

 

 

108.3

 

 

 

108.7

 

Total

 

$

122.7

 

 

$

118.5

 

 

$

120.4

 

 

Approximate Percentage of TiO2 Sales by Volume for Segments

The table below shows the approximate percentage of our TiO2 sales by volume for our significant markets, Europe and North America, for the last three years.

 

 

 

2013

 

 

2014

 

 

2015

 

Europe

 

 

49

%

 

 

50

%

 

 

52

%

North America

 

 

33

%

 

 

33

%

 

 

29

%

 

Future Minimum Payments Under Non-cancellable Operating Leases

We also lease various other manufacturing facilities and equipment. Some of the leases contain purchase and/or various term renewal options at fair market and fair rental values, respectively. In most cases we expect that, in the normal course of business, such leases will be renewed or replaced by other leases. Net rent expense approximated $15.8  million in 2013, $16.6 million in 2014 and $16.1 million in 2015. At December 31, 2015, future minimum payments under non-cancellable operating leases having an initial or remaining term of more than one year were as follows:

 

Years ending December 31,

 

Amount

 

 

 

(In millions)

 

2016

 

$

11.4

 

2017

 

 

8.2

 

2017

 

 

5.1

 

2018

 

 

4.4

 

2019

 

 

3.6

 

2020 and thereafter

 

 

23.6

 

Total (1)

 

$

56.3

 

(1)

Approximately $14 million of the $56.3 million aggregate future minimum rental commitments at December 31, 2015 relates to Kronos’ Leverkusen facility lease discussed above. The minimum commitment amounts for such lease included in the table above for each year through the 2050 expiration of the lease are based upon the current annual rental rate as of December 31, 2015. As discussed above, any change in the rent is based solely on negotiations between Bayer and Kronos, and any such change in the rent is deemed “contingent rentals” under GAAP which is excluded from the future minimum lease payments disclosed above.