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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Cash flows from operating activities:      
Net income (loss) $ 43.3 $ (173.6) $ 99.2
Depreciation and amortization 40.5 42.1 49.2
Deferred income taxes 7.7 138.5 19.6
Securities transactions, net   12.0  
Benefit plan expense greater than cash funding 5.8 5.1 0.5
Distributions from TiO2 manufacturing joint venture, net 3.6 6.5 10.6
Other, net 3.0 6.3 10.7
Change in assets and liabilities:      
Accounts and other receivables (37.4) 20.1 (27.8)
Inventories 38.8 (9.5) (52.3)
Prepaid expenses (1.5) (1.6) (0.4)
Accounts payable and accrued liabilities (12.9) (12.0) (21.1)
Income taxes 3.8 (1.5) 6.3
Accounts with affiliates (5.8) 19.2 (4.1)
Other noncurrent assets 0.3 0.3 2.6
Other noncurrent liabilities 0.4 0.2 (5.3)
Net cash provided by operating activities 89.6 52.1 87.7
Cash flows from investing activities -      
Capital expenditures (53.0) (47.1) (61.2)
Net cash used in investing activities (53.0) (47.1) (61.2)
Indebtedness:      
Borrowings 266.2 1.3 430.4
Principal payments (270.0) (3.9) (265.2)
Deferred financing fees     (6.1)
Dividends paid (69.5) (69.5) (69.5)
Net cash provided by (used in) financing activities (73.3) (72.1) 89.6
Cash, cash equivalents and restricted cash – net change from:      
Operating, investing and financing activities (36.7) (67.1) 116.1
Effect of exchange rate changes (5.3) (8.5) (10.0)
Net change for the year (42.0) (75.6) 106.1
Balance at beginning of year 94.3 169.9 63.8
Balance at end of year 52.3 94.3 169.9
Cash paid for:      
Interest, net of amounts capitalized 18.4 16.6 14.7
Income taxes 6.6 1.4 17.5
Accrual for capital expenditures $ 8.0 $ 6.8 $ 7.0