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Investment in TiO2 Manufacturing Joint Venture (Tables)

12 Months Ended

Dec. 31, 2016

Louisiana Pigment Company, L.P.

Investment In Joint Venture [Line Items]

Summary of Net Distributions, Balance Sheets and Income Statements

	Years ended December 31,
	2014				2015				2016
	(In millions)
Distributions from LPC	$	48.0			$	48.2			$	35.0
Contributions to LPC		(37.4	)			(41.7	)			(31.4	)
Net distributions	$	10.6			$	6.5			$	3.6

Summary balance sheets of LPC are shown below:

	December 31,
	2015				2016
	(In millions)
ASSETS
Current assets	$	96.2			$	94.5
Property and equipment, net		110.1				111.6
Total assets	$	206.3			$	206.1

LIABILITIES AND PARTNERS' EQUITY
Other liabilities, primarily current	$	37.8			$	45.2
Partners' equity		168.5				160.9
Total liabilities and partners' equity	$	206.3			$	206.1

Summary income statements of LPC are shown below:

	Years ended December 31,
	2014				2015				2016
	(In millions)
Revenues and other income:
Kronos	$	193.1			$	176.5			$	157.9
HPA		193.8				162.5				157.5
Total revenues and other income		386.9				339.0				315.4

Cost and expenses:
Cost of sales		386.4				338.5				314.9
General and administrative		.5				.5				.5
Total costs and expenses		386.9				339.0				315.4
Net income	$	-			$	-			$	-