CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Dec. 31, 2017	Dec. 31, 2016
Current assets:
Cash and cash equivalents	$ 435.7	$ 159.7
Restricted cash equivalents	16.1	12.5
Marketable securities	3.0	4.4
Accounts and other receivables, net	332.7	254.3
Refundable income taxes	0.5	1.0
Receivable from affiliates	32.6	3.2
Land held for development	16.5	10.9
Inventories, net	398.4	359.2
Other current assets	15.5	15.0
Current assets of discontinued operations	11.2	17.2
Total current assets	1,262.2	837.4
Other assets:
Marketable securities	255.7	253.5
Investment in TiO2 manufacturing joint venture	86.5	78.9
Goodwill	379.7	379.7
Deferred income taxes	119.8
Pension asset	4.2	1.6
Other assets	169.9	164.7
Noncurrent assets of discontinued operations	40.8	211.4
Total other assets	1,056.6	1,089.8
Property and equipment:
Land	47.0	42.8
Buildings	261.6	237.5
Equipment	1,150.8	1,008.5
Mining properties	35.0	35.1
Construction in progress	58.3	41.8
Gross property and equipment	1,552.7	1,365.7
Less accumulated depreciation	964.0	849.7
Net property and equipment	588.7	516.0
Total assets	2,907.5	2,443.2
Current liabilities:
Current maturities of long-term debt	1.6	4.5
Accounts payable	116.1	92.8
Accrued liabilities	124.8	125.4
Payable to affiliates	16.2	20.2
Income taxes	25.1	5.1
Current liabilities of discontinued operations	47.3	46.1
Total current liabilities	331.1	294.1
Noncurrent liabilities:
Long-term debt	1,041.5	889.3
Deferred income taxes	183.2	278.1
Payable to affiliates	70.1
Accrued pension costs	266.4	240.2
Accrued environmental remediation and related costs	110.7	107.3
Accrued postretirement benefits costs	11.3	11.1
Other liabilities	73.6	84.5
Noncurrent liabilities of discontinued operations	52.9	94.2
Total noncurrent liabilities	1,809.7	1,704.7
Equity: Valhi stockholders' equity:
Preferred stock, $.01 par value; 5,000 shares authorized; 5,000 shares issued	667.3	667.3
Common stock, $.01 par value; 500.0 million shares authorized; 355.3 million shares issued and outstanding	3.6	3.6
Retained deficit	(17.9)	(198.5)
Accumulated other comprehensive loss	(179.0)	(221.9)
Treasury stock, at cost—13.2 million shares	(49.6)	(49.6)
Total Valhi stockholders’ equity	424.4	200.9
Noncontrolling interest in subsidiaries	342.3	243.5
Total equity	766.7	444.4
Total liabilities and equity	2,907.5	2,443.2
Commitments and contingencies (Notes 9,14,17 and 18)