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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash flows from operating activities:    
Net income $ 46.6 $ 128.2
Depreciation and amortization 26.8 28.9
Benefit plan expense greater than cash funding 3.9 3.4
Deferred income taxes 9.1 37.2
Gain on sale of WCS   (58.4)
Gain on land sales   (12.5)
Distributions from (contributions to) Ti02 manufacturing joint venture, net (4.4) 4.8
Other, net 1.9 6.6
Change in assets and liabilities:    
Accounts and other receivables, net (90.2) (64.5)
Inventories, net 11.1 (41.7)
Land held for development, net 0.1 (1.2)
Accounts payable and accrued liabilities 12.1 62.7
Accounts with affiliates (7.2) 25.4
Income taxes (6.5) 20.1
Other, net 29.5 20.7
Net cash provided by operating activities 32.8 159.7
Cash flows from investing activities:    
Capital expenditures (28.3) (27.6)
Cash, cash equivalents and restricted cash and cash equivalents of discontinued operations at time of sale   (28.9)
Proceeds from sale of land   19.5
Purchases of marketable securities (2.9) (3.7)
Disposals of marketable securities 3.1 3.9
Other, net 0.1 0.1
Net cash used in investing activities (28.0) (36.7)
Cash flows from financing activities:    
Principal payments on indebtedness (4.6) (3.7)
Valhi cash dividends paid (13.6) (13.6)
Distributions to noncontrolling interest in subsidiaries (14.7) (7.9)
Subsidiary treasury stock acquired (1.4)  
Net cash used in financing activities (34.3) (25.2)
Cash, cash equivalents and restricted cash and cash equivalents - net change from:    
Operating, investing and financing activities (29.5) 97.8
Effect of exchange rates on cash (0.6) (9.3)
Balance at beginning of period 523.7 489.4
Balance at end of period 493.6 577.9
Cash paid for:    
Interest, net of capitalized interest 19.5 31.0
Income taxes, net 28.5 5.9
Noncash investing activities:    
Change in accruals for capital expenditures $ 1.7 1.0
Noncash financing activities:    
Trade payable to affiliate converted to indebtedness   $ 36.3