Investment in TiO2 Manufacturing Joint Venture and Other Assets (Tables)

12 Months Ended

Dec. 31, 2017

Investment in TiO2 Manufacturing Joint Venture and Other Assets

	December 31,
	2016		2017
	(In millions)
Other assets:
Land held for development	$	138.1	$	126.6
Restricted cash equivalents		2.6		9.9
IBNR receivables		7.1		6.8
Other		16.9		26.6
Total	$	164.7	$	169.9

LPC

Summary of Net Distributions, Balance Sheets and Income Statements

The components of our net distributions (contributions) from LPC are shown in the table below.

	Years ended December 31,
	2015			2016			2017
	(In millions)
Distributions from LPC	$	48.2		$	35.0		$	44.0
Contributions to LPC		(41.7	)		(31.4	)		(50.0	)
Net distributions	$	6.5		$	3.6		$	(6.0	)

Summary balance sheets of LPC are shown below:

	December 31,
	2016		2017
	(In millions)
ASSETS
Current assets	$	94.5	$	104.1
Property and equipment, net		111.6		116.1
Total assets	$	206.1	$	220.2
LIABILITIES AND PARTNERS’ EQUITY
Other liabilities, primarily current	$	45.2	$	44.4
Partners’ equity		160.9		175.8
Total liabilities and partners’ equity	$	206.1	$	220.2

Summary income statements of LPC are shown below:

	Years ended December 31,
	2015		2016		2017
	(In millions)
Revenues and other income:
Kronos	$	176.5	$	157.5	$	157.5
Tioxide		162.5		157.9		158.3
Total		339.0		315.4		315.8
Cost and expenses:
Cost of sales		338.5		314.9		315.4
General and administrative		.5		.5		.4
Total		339.0		315.4		315.8
Net income	$	—	$	—	$	—