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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 327.8 $ 406.0
Restricted cash 2.0 2.1
Accounts and other receivables, net 252.4 360.7
Receivables from affiliates 2.7 18.4
Inventories, net 608.7 432.3
Prepaid expenses and other 48.6 38.5
Total current assets 1,242.2 1,258.0
Other assets:    
Investment in TiO2 manufacturing joint venture 112.9 101.9
Restricted cash 4.8 4.5
Marketable securities 3.2 4.2
Operating lease right-of-use assets 21.5 19.9
Deferred income taxes 52.0 106.8
Other 13.3 14.1
Total other assets 207.7 251.4
Property and equipment:    
Land 41.9 43.9
Buildings 214.7 222.2
Equipment 1,093.2 1,122.1
Mining properties 119.6 129.6
Construction in progress 76.5 72.7
Gross property and equipment 1,545.9 1,590.5
Less accumulated depreciation and amortization 1,061.4 1,087.1
Net property and equipment 484.5 503.4
Total assets 1,934.4 2,012.8
Current liabilities:    
Current maturities of long-term debt 1.1 1.4
Accounts payable and accrued liabilities 289.4 256.9
Current payable to affiliate 22.9 18.2
Income taxes 13.3 12.3
Total current liabilities 326.7 288.8
Noncurrent liabilities:    
Long-term debt 424.1 449.8
Accrued pension costs 128.6 287.4
Payable to affiliate - income taxes 33.5 44.7
Operating lease liabilities 17.4 15.8
Deferred income taxes 26.4 28.1
Other 20.5 28.0
Total noncurrent liabilities 650.5 853.8
Stockholders' equity:    
Common stock, $.01 par value; 240.0 shares authorized; 115.5 shares issued and outstanding 1.2 1.2
Additional paid-in capital 1,394.3 1,395.4
Retained deficit (105.4) (122.1)
Accumulated other comprehensive loss (331.5) (404.1)
Treasury stock, at cost (1.4) (0.2)
Total stockholders' equity 957.2 870.2
Total liabilities and stockholders' equity $ 1,934.4 2,012.8
Commitments and contingencies (Notes 12 and 15)