XML 17 R7.htm IDEA: XBRL DOCUMENT v3.21.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash flows from operating activities:    
Net income $ 81.3 $ 53.7
Depreciation 38.1 43.3
Amortization of operating lease right-of-use assets 5.0 4.8
Deferred income taxes 3.2 (12.3)
Benefit plan expense greater than cash funding 9.2 12.5
Marketable equity securities (1.2) 1.3
Contributions to TiO2 manufacturing joint venture, net (2.2) (6.5)
Other, net 0.4 0.3
Change in assets and liabilities:    
Accounts and other receivables, net (61.0) (10.4)
Inventories, net 81.0 7.7
Prepaid expenses (18.3) (1.7)
Accounts payable and accrued liabilities 11.4 (37.3)
Income taxes (1.5) 18.3
Accounts with affiliates (19.4) (19.2)
Other, net   1.6
Net cash provided by operating activities 126.0 56.1
Cash flows from investing activities:    
Capital expenditures (35.9) (38.3)
Proceeds from insurance settlement   1.5
Net cash used in investing activities (35.9) (36.8)
Cash flows from financing activities:    
Payments on long-term debt (0.5) (0.2)
Deferred financing fees (1.8)  
Dividends paid (62.4) (62.4)
Treasury stock acquired   (1.0)
Net cash used in financing activities (64.7) (63.6)
Cash, cash equivalents and restricted cash - net change from:    
Operating, investing and financing activities 25.4 (44.3)
Currency translation (7.7) 5.9
Balance at beginning of period 362.0 392.3
Balance at end of period 379.7 353.9
Cash paid for:    
Interest, net of amount capitalized 18.0 17.9
Income taxes 33.9 13.5
Accrual for capital expenditures $ 4.1 $ 1.8