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Investment in TiO2 manufacturing joint venture and other assets (Tables)

12 Months Ended

Dec. 31, 2023

Other Assets

​

​	​	​	​	​	​	​
​	​	December 31,
​		2022			2023
​	​	(In millions)
Other assets:		​			​
Restricted cash and cash equivalents	​	$	37.2	​	$	32.4
Note receivables - OPA	​	​	49.3	​	​	69.1
Operating lease right-of-use assets	​		21.5	​		22.7
Land held for development	​	​	29.7	​	​	19.4
IBNR receivables	​		16.8	​		13.4
Other	​		24.3	​		16.7
Total	​	$	178.8	​	$	173.7

Schedule of Maturities of Operating Lease Liabilities

​

​	​	​	​
Years ending December 31,		Amount
​	​	(In millions)
2024	​	$	4.6
2025	​		3.6
2026	​		3.3
2027	​		2.2
2028	​		2.0
2029 and thereafter	​		17.0
Total remaining lease payments	​		32.7
Less imputed interest	​		10.2
Total lease obligations	​		22.5
Less current obligations	​		3.9
Long term lease obligations	​	$	18.6

Louisiana Pigment Company

Summary of Net Distributions, Balance Sheets and Income Statements

​

​	​	​	​	​	​	​	​	​	​
​	​	Years ended December 31,
​		2021			2022			2023
​	​	(In millions)
Distributions from LPC	​	$	28.5	​	$	58.3	​	$	52.8
Contributions to LPC	​		(24.7)	​		(68.8)	​		(49.7)
Net distributions (contributions)	​	$	3.8	​	$	(10.5)	​	$	3.1

​

Summary balance sheets of LPC are shown below:

​	​	​	​	​	​	​
​	​	December 31,
​		2022			2023
​	​	(In millions)
ASSETS		​			​
Current assets	​	$	122.2	​	$	118.5
Property and equipment, net	​		147.4	​		148.4
Total assets	​	$	269.6	​	$	266.9
​	​	​	​	​	​	​
LIABILITIES AND PARTNERS' EQUITY	​			​
Other liabilities, primarily current	​	$	41.2	​	$	42.1
Partners' equity	​		228.4	​		224.8
Total liabilities and partners' equity	​	$	269.6	​	$	266.9

​

Summary income statements of LPC are shown below:

​	​	​	​	​	​	​	​	​	​
​	​	Years ended December 31,
​		2021			2022			2023
​	​	(In millions)
Revenues and other income:		​			​			​
Kronos	​	$	188.6	​	$	225.6	​	$	231.7
Venator Investments	​		189.6	​		225.9	​		231.7
Total	​		378.2	​		451.5	​		463.4
Cost and expenses:	​			​			​
Cost of sales	​		377.8	​		451.1	​		463.0
General and administrative	​		.4	​		.4	​		.4
Total	​		378.2	​		451.5	​		463.4
Net income	​	$	—	​	$	—	​	$	—

​

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-Name Accounting Standards Codification
-Section 50
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+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 842
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-Topic 210
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