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Acquisitions Acquisitions (Tables)
 12 Months Ended
Dec. 31, 2020
Business Combinations [Abstract]  
Schedule of Business Acquisitions, by Acquisition
The following table summarizes the consideration paid for the joint venture and the amounts of the assets acquired and liabilities assumed as of the acquisition date (in thousands):
Total purchase price:
Cash paid$820,000 
Fair value of 40% interest in Kemerton assets
480,000 
Purchase agreement completion adjustment and other adjustments22,566 
Total purchase price$1,322,566 
Net assets acquired:
Inventories$33,900 
Other current assets11,280 
Property, plant and equipment:
Land improvements2,912 
Buildings and improvements19,268 
Machinery and equipment163,662 
Mineral rights and reserves1,046,390 
Construction in progress103,700 
Current liabilities(10,695)
Long-term debt(a)
(55,806)
Other noncurrent liabilities(28,392)
Total identifiable net assets1,286,219 
Goodwill36,347 
Total net assets acquired$1,322,566