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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash flows from operating activities:    
Net income $ 53.7 $ 77.7
Depreciation 43.3 34.3
Amortization of operating lease right-of-use assets 4.8 5.1
Deferred income taxes (12.3) 6.7
Benefit plan expense greater than cash funding 12.5 7.1
Marketable equity securities 1.3 0.1
Contributions to TiO2 manufacturing joint venture, net (6.5) (1.8)
Other, net 0.3 1.7
Change in assets and liabilities:    
Accounts and other receivables, net (10.4) (59.9)
Inventories, net 7.7 52.1
Prepaid expenses (1.7) (1.9)
Accounts payable and accrued liabilities (37.3) 5.0
Income taxes 18.3 (3.7)
Accounts with affiliates (19.2) 2.1
Other, net 1.6 (0.8)
Net cash provided by operating activities 56.1 123.8
Cash flows from investing activities:    
Capital expenditures (38.3) (34.2)
Proceeds from insurance settlement 1.5  
Net cash used in investing activities (36.8) (39.2)
Cash flows from financing activities:    
Payments on long-term debt (0.2) (0.6)
Dividends paid (62.4) (62.5)
Treasury stock acquired (1.0) (3.0)
Net cash used in financing activities (63.6) (66.1)
Cash, cash equivalents and restricted cash - net change from:    
Operating, investing and financing activities (44.3) 18.5
Currency translation 5.9 (6.3)
Balance at beginning of period 392.3 374.7
Balance at end of period 353.9 386.9
Cash paid for:    
Interest, net of amount capitalized 17.9 17.3
Income taxes 13.5 32.3
Accrual for capital expenditures $ 1.8 1.6
Valhi    
Cash flows from investing activities:    
Loans   (10.9)
Collections   $ 5.9