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Investment in TiO2 Manufacturing Joint Venture and Other Assets (Tables) | 12 Months Ended
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Dec. 31, 2018
Investment in TiO2 Manufacturing Joint Venture and Other Assets |
|  | December 31, |
|  | 2017 |  |  | 2018 |
|  | (In millions) |
Other assets: |  |  |  |  |  |  |  |
Land held for development |  | $ | 126.6 |  |  | $ | 129.2 |
Restricted cash and cash equivalents |  |  | 9.9 |  |  |  | 8.9 |
Land contract receivables |  |  | — |  |  |  | 9.1 |
IBNR receivables |  |  | 6.8 |  |  |  | 6.0 |
Note receivables - OPA |  |  | — |  |  |  | 1.9 |
Other |  |  | 26.6 |  |  |  | 12.7 |
Total |  | $ | 169.9 |  |  | $ | 167.8 |
LPC |
Summary of Net Distributions, Balance Sheets and Income Statements | The components of our net cash distributions from (contributions to) LPC are shown in the table below.
|  | Years ended December 31, |
|  | 2016 |  |  | 2017 |  |  | 2018 |
|  | (In millions) |
Distributions from LPC |  | $ | 35.0 |  |  | $ | 44.0 |  |  | $ | 34.3 |
Contributions to LPC |  |  | (31.4 | ) |  |  | (50.0 | ) |  |  | (30.3 | )
Net distributions (contributions) |  | $ | 3.6 |  |  | $ | (6.0 | ) |  | $ | 4.0 |
Summary balance sheets of LPC are shown below:
|  | December 31, |
|  | 2017 |  |  | 2018 |
|  | (In millions) |
ASSETS |  |  |  |  |  |  |  |
Current assets |  | $ | 104.1 |  |  | $ | 87.0 |
Property and equipment, net |  |  | 116.1 |  |  |  | 119.6 |
Total assets |  | $ | 220.2 |  |  | $ | 206.6 |
LIABILITIES AND PARTNERS’ EQUITY |  |  |  |  |  |  |  |
Other liabilities, primarily current |  | $ | 44.4 |  |  | $ | 41.1 |
Partners’ equity |  |  | 175.8 |  |  |  | 165.5 |
Total liabilities and partners’ equity |  | $ | 220.2 |  |  | $ | 206.6 |
Summary income statements of LPC are shown below:
|  | Years ended December 31, |
|  | 2016 |  |  | 2017 |  |  | 2018 |
|  | (In millions) |
Revenues and other income: |  |  |  |  |  |  |  |  |  |  |  |
Kronos |  | $ | 157.5 |  |  | $ | 157.5 |  |  | $ | 165.9 |
Tioxide |  |  | 157.9 |  |  |  | 158.3 |  |  |  | 167.0 |
Total |  |  | 315.4 |  |  |  | 315.8 |  |  |  | 332.9 |
Cost and expenses: |  |  |  |  |  |  |  |  |  |  |  |
Cost of sales |  |  | 314.9 |  |  |  | 315.4 |  |  |  | 332.5 |
General and administrative |  |  | .5 |  |  |  | .4 |  |  |  | .4 |
Total |  |  | 315.4 |  |  |  | 315.8 |  |  |  | 332.9 |
Net income |  | $ | — |  |  | $ | — |  |  | $ | — |

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