Investment in Kronos Worldwide, Inc. (Tables)

12 Months Ended

Dec. 31, 2025

Investment in Kronos Worldwide, Inc.

Schedule of Changes in Carrying Value of Investment

	Years ended December 31,
	2023		2024		2025
	(In millions)
Balance at the beginning of the period	$	292.2	$	247.6	$	250.3
Equity in earnings (losses) of Kronos		(15.0)		26.4		(33.9)
Dividends received from Kronos		(26.8)		(16.9)		(7.0)
Equity in Kronos' other comprehensive income (loss):
Currency translation		1.1		(10.5)		10.0
Defined benefit pension plans		(3.9)		3.7		10.6
Other postretirement benefit plans		(.1)		—		.1
Other		.1		—		—
Balance at the end of the period	$	247.6	$	250.3	$	230.1

Schedule of Selected Financial Information of Kronos Balance Sheet

	December 31,
	2024		2025
	(In millions)
Current assets	$	1,105.3	$	994.5
Property and equipment, net		694.1		724.3
Other noncurrent assets		114.1		98.0
Total assets	$	1,913.5	$	1,816.8
Current liabilities	$	476.6	$	368.8
Long-term debt		429.1		557.4
Accrued pension costs		117.5		80.9
Other noncurrent liabilities		73.3		58.6
Stockholders’ equity		817.0		751.1
Total liabilities and stockholders’ equity	$	1,913.5	$	1,816.8

Schedule of Selected Financial Information of Kronos Income Statement

	Years ended December 31,
	2023		2024		2025
	(In millions)
Net sales	$	1,666.5	$	1,887.1	$	1,859.4
Cost of sales		1,501.6		1,527.8		1,646.4
Income (loss) from operations		(56.0)		122.9		(36.5)
Income tax expense (benefit)		(23.8)		63.4		13.5
Net income (loss)		(49.1)		86.2		(110.9)