Investment in Kronos Worldwide, Inc. (Tables)

3 Months Ended

Mar. 31, 2025

Investment in Kronos Worldwide, Inc.

Schedule of Changes in Carrying Value of Investment

	Amount
	(In millions)
Balance at the beginning of the period	$	250.3
Equity in earnings of Kronos		5.5
Dividends received from Kronos		(1.8)
Equity in Kronos' other comprehensive income:
Currency translation		5.3
Defined benefit pension plans		.2
Balance at the end of the period	$	259.5

Schedule of Selected Financial Information of Kronos Balance Sheet

	December 31,		March 31,
	2024		2025
	(In millions)
Current assets	$	1,105.3	$	1,126.0
Property and equipment, net		694.1		705.4
Other noncurrent assets		114.1		114.6
Total assets	$	1,913.5	$	1,946.0
Current liabilities	$	476.6	$	430.3
Long-term debt		429.1		476.0
Accrued pension costs		117.5		119.3
Other noncurrent liabilities		73.3		73.4
Stockholders’ equity		817.0		847.0
Total liabilities and stockholders’ equity	$	1,913.5	$	1,946.0

Schedule of Selected Financial Information of Kronos Income Statement

	Three months ended
	March 31,
	2024		2025
	(In millions)
Net sales	$	478.8	$	489.8
Cost of sales		407.3		383.0
Income from operations		19.5		38.4
Income tax expense		3.5		7.6
Net income		8.1		18.1