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Investment in Affiliates and Other Assets (Tables) | 12 Months Ended
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Dec. 31, 2013
Investment in Affiliates and Other Assets |
| December 31, |
| 2012 |  |  | 2013 |
| (In millions) |
Investment in affiliates: |  |  |  |  |  |  |
Ti0 2 manufacturing joint venture | $ | 109.9 |  |  | $ | 102.3 |
BMI and Landwell |  | 16.2 |  |  |  | — |
Total | $ | 126.1 |  |  | $ | 102.3 |
Other assets: |  |  |  |  |  |  |
Land held for development | $ | — |  |  | $ | 158.1 |
Waste disposal site operating permits, net |  | 65.7 |  |  |  | 59.5 |
Restricted cash |  | 20.9 |  |  |  | 33.3 |
IBNR receivables |  | 6.7 |  |  |  | 6.9 |
Capital lease deposit |  | 6.2 |  |  |  | 6.2 |
Intangible assets |  | .2 |  |  |  | 5.2 |
Deferred financing costs |  | 7.0 |  |  |  | 2.6 |
Assets held for sale |  | 2.6 |  |  |  | 1.1 |
Other |  | 46.7 |  |  |  | 63.8 |
Total | $ | 156.0 |  |  | $ | 336.7 |
Summary of Financial Information |
| Years ended December 31, |
| 2011 |  |  | 2012 |  |  | 2013 |
| (In millions) |
Distributions from LPC | $ | 29.7 |  |  | $ | 79.5 |  |  | $ | 70.7 |
Contributions to LPC |  | (25.9 | ) |  |  | (100.2 | ) |  |  | (59.8 | )
Net distributions (contributions) | $ | 3.8 |  |  | $ | (20.7 | ) |  | $ | 10.9 |
Components of Net Capitalized Permit Costs |
| December 31, |
| 2012 |  |  | 2013 |
| (In millions) |
Net permit costs for: |  |  |  |  |  |  |
Pending renewals of prior permits | $ | .2 |  |  | $ | — |
Issued permits which are being amortized: |  |  |
LLRW license (expires in 2024) |  | 58.3 |  |  |  | 54.0 |
Byproduct license (expires in 2018) |  | 5.6 |  |  |  | 4.6 |
Other (expires 2014 - 2024) |  | 1.6 |  |  |  | .9 |
Total pending renewals and issued permits which are being amortized | $ | 65.7 |  |  | $ | 59.5 |
LPC |
Summary of Financial Information | Summary balance sheets of LPC are shown below:
| December 31, |
| 2012 |  |  | 2013 |
| (In millions) |
ASSETS |  |  |  |  |  |  |
Current assets | $ | 139.8 |  |  | $ | 127.2 |
Property and equipment, net |  | 126.0 |  |  |  | 114.1 |
Total assets | $ | 265.8 |  |  | $ | 241.3 |
LIABILITIES AND PARTNERS’ EQUITY |  |  |  |  |  |  |
Other liabilities, primarily current | $ | 43.2 |  |  | $ | 33.9 |
Partners’ equity |  | 222.6 |  |  |  | 207.4 |
Total liabilities and partners’ equity | $ | 265.8 |  |  | $ | 241.3 |
Summary income statements of LPC are shown below:
| Years ended December 31, |
| 2011 |  |  | 2012 |  |  | 2013 |
| (In millions) |
Revenues and other income: |  |  |  |  |  |  |  |  |  |  |
Kronos | $ | 144.8 |  |  | $ | 250.2 |  |  | $ | 224.5 |
Tioxide |  | 145.7 |  |  |  | 227.5 |  |  |  | 224.6 |
Total |  | 290.5 |  |  |  | 477.7 |  |  |  | 449.1 |
Cost and expenses: |  |  |  |  |  |  |  |  |  |  |
Cost of sales |  | 290.1 |  |  |  | 477.3 |  |  |  | 448.7 |
General and administrative |  | .4 |  |  |  | .4 |  |  |  | .4 |
Total |  | 290.5 |  |  |  | 477.7 |  |  |  | 449.1 |
Net income | $ | — |  |  | $ | — |  |  | $ | — |
Basic Management Inc And Landwell |
Summary of Financial Information |
| September 30, |
| 2012 |
| (In millions)
ASSETS |  |  |
Current assets | $ | 25.7 |
Prepaid costs and other |  | 11.6 |
Property and equipment, net |  | 6.4 |
Investment in undeveloped land and water rights |  | 42.0 |
Land and development costs |  | 12.7 |
Total assets | $ | 98.4 |
LIABILITIES AND EQUITY |  |  |
Current liabilities | $ | 14.2 |
Long-term debt |  | 14.3 |
Deferred income taxes |  | 6.0 |
Other noncurrent liabilities |  | 3.4 |
Equity |  | 60.5 |
Total liabilities and equity | $ | 98.4 |
| Twelve months ended September 30, |
| 2011 |  |  | 2012 |  |  | 2013 |
| (In millions) |
Total revenues | $ | 10.0 |  |  | $ | 10.4 |  |  | $ | 9.5 |
Loss before income taxes |  | (2.7 | ) |  |  | (1.2 | ) |  |  | (3.9 | )
Net loss |  | (2.1 | ) |  |  | (1.4 | ) |  |  | (3.7 | )

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