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Investment in TiO2 Manufacturing Joint Venture (Tables)

12 Months Ended

Dec. 31, 2022

Louisiana Pigment Company, L.P.

Schedule of Equity Method Investments [Line Items]

Summary of Net Cash Distributions, Balance Sheets and Income Statements

​

​	​	​	​	​	​	​	​	​	​
​	​	Years ended December 31,
​		2020			2021			2022
​	​	(In millions)
Distributions from LPC	​	$	32.7	​	$	28.5	​	$	58.3
Contributions to LPC	​		(45.5)	​		(24.7)	​		(68.8)
Net distributions (contributions)	​	$	(12.8)	​	$	3.8	​	$	(10.5)

​

Summary balance sheets of LPC are shown below:

​	​	​	​	​	​	​
​		December 31,
​		2021			2022
​	​	(In millions)
ASSETS	​	​			​
Current assets	​	$	111.7	​	$	122.2
Property and equipment, net	​		142.6	​		147.4
Total assets	​	$	254.3	​	$	269.6
​	​	​	​	​	​	​
LIABILITIES AND PARTNERS’ EQUITY	​			​
Other liabilities, primarily current	​	$	47.8	​	$	41.2
Partners’ equity	​		206.5	​		228.4
Total liabilities and partners’ equity	​	$	254.3	​	$	269.6

​

Summary income statements of LPC are shown below:

​	​	​	​	​	​	​	​	​	​
​	​	Years ended December 31,
​		2020			2021			2022
​	​	(In millions)
Revenues and other income:	​	​	​	​	​	​	​	​	​
Kronos	​	$	167.8	​	$	188.6	​	$	225.6
Venator Investments	​		168.3	​		189.6	​		225.9
Total revenues and other income	​		336.1	​		378.2	​		451.5
​	​	​	​	​	​	​	​	​	​
Cost and expenses:	​			​			​
Cost of sales	​		335.7	​		377.8	​		451.1
General and administrative	​		.4	​		.4	​		.4
Total costs and expenses	​		336.1	​		378.2	​		451.5
Net income	​	$	-	​	$	-	​	$	-

​

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- Definition

Tabular disclosure of equity method investments including, but not limited to, name of each investee or group of investments, percentage ownership, difference between recorded amount of an investment and the value of the underlying equity in the net assets, and summarized financial information.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 323
-SubTopic 10
-Section 50
-Paragraph 3
-URI https://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571

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