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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash flows from operating activities:    
Net income $ 109.3 $ 53.1
Depreciation and amortization 44.2 50.9
Gain from sale of land (16.0) (0.5)
Benefit plan expense greater than cash funding 8.5 11.8
Deferred income taxes 2.7 (9.7)
Contributions to TiO2 manufacturing joint venture, net (2.2) (6.5)
Other, net 4.1 9.0
Change in assets and liabilities:    
Accounts and other receivables, net (67.1) (9.3)
Inventories, net 75.6 6.8
Land held for development, net 6.3 (4.2)
Accounts payable and accrued liabilities 25.6 (19.9)
Accounts with affiliates (19.4) (19.5)
Income taxes (4.8) 19.1
Other, net 22.4 (35.9)
Net cash provided by operating activities 189.2 45.2
Cash flows from investing activities:    
Capital expenditures (39.2) (40.3)
Proceeds from land sales 23.4 1.2
Purchases of marketable securities (3.1) (0.9)
Proceeds from disposal of marketable securities 4.4 1.9
Other, net 2.1 1.5
Net cash used in investing activities (12.4) (36.6)
Cash flows from financing activities:    
Principal payments on indebtedness (69.5) (18.2)
Deferred financing fees (1.8)  
Valhi cash dividends paid (6.8) (11.3)
Distributions to noncontrolling interest in subsidiaries (45.3) (21.1)
Subsidiary treasury stock acquired (0.8) (1.0)
Net cash used in financing activities (124.2) (51.6)
Cash, cash equivalents and restricted cash and cash equivalents - net change from:    
Operating, investing and financing activities 52.6 (43.0)
Effect of exchange rates on cash (7.7) 5.9
Balance at beginning of period 570.3 583.8
Balance at end of period 615.2 546.7
Cash paid for:    
Interest, net of capitalized interest 26.7 29.1
Income taxes, net 45.9 15.9
Noncash investing activities:    
Change in accruals for capital expenditures $ 4.3 $ 1.7