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Investment in Kronos Worldwide, Inc. (Tables) | 9 Months Ended
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Sep. 30, 2016
Equity Method Investments And Joint Ventures [Abstract] |
Changes in Carrying Value of Investment | The change in the carrying value of our investment in Kronos during the first nine months of 2016 is summarized below.
| Amount |
| (In millions) |
Balance at the beginning of the period | $ | 140.7 |
Equity in earnings of Kronos |  | 6.1 |
Dividends received from Kronos |  | (15.8 | )
Equity in Kronos' other comprehensive income (loss): |  |  |
Marketable securities |  | .3 |
Currency translation |  | 5.6 |
Interest rate swap |  | (.9 | )
Defined benefit pension plans |  | 2.6 |
Balance at the end of the period | $ | 138.6 |
Selected Financial Information of Kronos Balance Sheet | Selected financial information of Kronos is summarized below:
| December 31, |  |  | September 30, |
| 2015 |  |  | 2016 |
| (In millions) |
Current assets | $ | 710.8 |  |  | $ | 690.5 |
Property and equipment, net |  | 429.5 |  |  |  | 446.6 |
Investment in TiO2 joint venture |  | 82.9 |  |  |  | 79.8 |
Other noncurrent assets |  | 19.5 |  |  |  | 24.6 |
Total assets | $ | 1,242.7 |  |  | $ | 1,241.5 |
Current liabilities | $ | 201.7 |  |  | $ | 206.5 |
Long-term debt |  | 337.2 |  |  |  | 336.0 |
Accrued pension and postretirement benefits |  | 209.4 |  |  |  | 210.3 |
Other noncurrent liabilities |  | 32.5 |  |  |  | 33.8 |
Stockholders' equity |  | 461.9 |  |  |  | 454.9 |
Total liabilities and stockholders' equity | $ | 1,242.7 |  |  | $ | 1,241.5 |
Selected Financial Information of Kronos Income Statement |
| Three months ended |  |  | Nine months ended |
| September 30, |  |  | September 30, |
| 2015 |  |  | 2016 |  |  | 2015 |  |  | 2016 |
| (In millions) |
Net sales | $ | 336.5 |  |  | $ | 356.1 |  |  | $ | 1,061.8 |  |  | $ | 1,030.6 |
Cost of sales |  | 293.3 |  |  |  | 280.6 |  |  |  | 894.7 |  |  |  | 859.2 |
Income (loss) from operations |  | (3.2 | ) |  |  | 28.0 |  |  |  | 18.6 |  |  |  | 38.2 |
Income tax expense (benefit) |  | (7.4 | ) |  |  | 0.7 |  |  |  | 147.1 |  |  |  | 3.2 |
Net income (loss) |  | (11.8 | ) |  |  | 22.2 |  |  |  | (153.2 | ) |  |  | 20.1 |

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- Definition Tabular disclosure of equity method investments including, but not limited to, name of each investee or group of investments, percentage ownership, difference between recorded amount of an investment and the value of the underlying equity in the net assets, and summarized financial information. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=66011266&loc=d3e33918-111571 + Details
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