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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash flows from operating activities:    
Net income $ 53.1 $ 63.8
Depreciation and amortization 50.9 40.8
Benefit plan expense greater than cash funding 11.8 5.0
Deferred income taxes (9.7) 8.2
Gain on land sales   (4.4)
Contributions to TiO2 manufacturing joint venture, net (6.5) (1.8)
Other, net 8.5 7.0
Change in assets and liabilities:    
Accounts and other receivables, net (9.3) (43.2)
Inventories, net 6.8 50.2
Land held for development, net (4.2) (1.1)
Accounts payable and accrued liabilities (19.9) (31.1)
Accounts with affiliates (19.5) 1.5
Income taxes 19.1 (2.4)
Other, net (35.9) 20.5
Net cash provided by operating activities 45.2 113.0
Cash flows from investing activities:    
Capital expenditures (40.3) (37.9)
Proceeds from land sales   4.8
Purchases of marketable securities (0.9) (4.4)
Proceeds from disposal of marketable securities 1.9 3.8
Other, net 2.7  
Net cash used in investing activities (36.6) (33.7)
Cash flows from financing activities:    
Principal payments on indebtedness (18.2) (4.9)
Valhi cash dividends paid (11.3) (20.4)
Distributions to noncontrolling interest in subsidiaries (21.1) (18.8)
Subsidiary treasury stock acquired (1.0) (3.1)
Net cash used in financing activities (51.6) (47.2)
Cash, cash equivalents and restricted cash and cash equivalents - net change from:    
Operating, investing and financing activities (43.0) 32.1
Effect of exchange rates on cash 5.9 (6.3)
Balance at beginning of period 583.8 523.7
Balance at end of period 546.7 549.5
Cash paid for:    
Interest, net of capitalized interest 29.1 32.7
Income taxes, net 15.9 30.3
Noncash investing activities:    
Change in accruals for capital expenditures $ 1.7 $ 1.6