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Investment in Kronos Worldwide, Inc. (Tables)

12 Months Ended

Dec. 31, 2020

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 past three years is summarized below:

	Years ended December 31,
	2018				2019				2020
	(In millions)
Balance at the beginning of the year	$	229.5			$	255.5			$	248.4
Equity in earnings of Kronos		62.3				26.5				19.4
Dividends received from Kronos		(23.9	)			(25.4	)			(25.4	)
Equity in Kronos' other comprehensive income (loss):
Currency translation		(10.1	)			(.5	)			4.1
Defined benefit pension plans		(2.2	)			(6.7	)			(3.7	)
Other postretirement benefit plans		(.1	)			(.1	)			(.1	)
Other		-				(.9	)			(.3	)
Balance at the end of the year	$	255.5			$	248.4			$	242.4

Selected Financial Information of Kronos Balance Sheet

Selected financial information of Kronos is summarized below:

	December 31,
	2019				2020
	(In millions)
Current assets	$	1,219.7			$	1,218.3
Property and equipment, net		490.6				524.6
Investment in TiO2 joint venture		90.2				103.3
Other noncurrent assets		165.3				190.5
Total assets	$	1,965.8			$	2,036.7
Current liabilities	$	270.6			$	260.2
Long-term debt		444.0				486.7
Accrued pension costs		307.4				372.6
Other noncurrent liabilities		127.7				120.7
Stockholders' equity		816.1				796.5
Total liabilities and stockholders' equity	$	1,965.8			$	2,036.7

X

- Definition

Tabular disclosure of condensed balance sheet, including, but not limited to, balance sheets of consolidated entities and consolidation eliminations.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 3
-Paragraph i
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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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 323
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571

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