Investment in Kronos Worldwide, Inc. (Tables)

3 Months Ended

Mar. 31, 2013

The change in the carrying value of our investment in Kronos during the first three months of 2013 is summarized below:


	Amount
	(In millions)
Balance at the beginning of the period	$	323.1
Equity in loss of Kronos		(12.5	)
Dividends received from Kronos		(5.3	)
Other, principally equity in Kronos’ other comprehensive loss		(6.3	)

Balance at the end of the period	$	299.0

Selected financial information of Kronos is summarized below:


	December 31, 2012		March 31, 2013
	(In millions)
Current assets	$	1,223.4	$	1,035.5
Property and equipment, net		522.5		503.2
Investment in TiO₂ joint venture		109.9		100.1
Other noncurrent assets		171.2		221.5

Total assets	$	2,027.0	$	1,860.3

Current liabilities	$	328.4	$	329.8
Long-term debt		378.9		278.6
Accrued pension and postretirement benefits		203.3		195.5
Other noncurrent liabilities		54.3		73.9
Stockholders’ equity		1,062.1		982.5

Total liabilities and stockholders’ equity	$	2,027.0	$	1,860.3