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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 194.7 $ 327.8
Restricted cash 2.2 2.0
Accounts and other receivables, net 295.2 252.4
Receivables from affiliates 17.3 2.7
Inventories, net 564.6 608.7
Prepaid expenses and other 43.4 48.6
Total current assets 1,117.4 1,242.2
Other assets:    
Investment in TiO2 manufacturing joint venture 111.0 112.9
Restricted cash 5.2 4.8
Marketable securities 2.2 3.2
Operating lease right-of-use assets 22.7 21.5
Deferred income taxes 83.3 52.0
Other 13.3 13.3
Total other assets 237.7 207.7
Property and equipment:    
Land 44.7 41.9
Buildings 236.8 214.7
Equipment 1,172.0 1,093.2
Mining properties 130.5 119.6
Construction in progress 22.9 76.5
Gross property and equipment 1,606.9 1,545.9
Less accumulated depreciation and amortization 1,124.0 1,061.4
Net property and equipment 482.9 484.5
Total assets 1,838.0 1,934.4
Current liabilities:    
Current maturities of long-term debt   1.1
Accounts payable and accrued liabilities 324.1 289.4
Payables to affiliates 31.3 22.9
Income taxes 15.4 13.3
Total current liabilities 370.8 326.7
Noncurrent liabilities:    
Total long-term debt 440.9 424.1
Accrued pension costs 150.0 128.6
Payable to affiliate - income taxes 18.6 33.5
Operating lease liabilities 18.6 17.4
Deferred income taxes 9.0 26.4
Other 21.8 20.5
Total noncurrent liabilities 658.9 650.5
Stockholders' equity:    
Common stock, $.01 par value; 240.0 shares authorized; 115.1 shares issued and outstanding 1.2 1.2
Additional paid-in capital 1,390.2 1,394.3
Retained deficit (242.0) (105.4)
Accumulated other comprehensive loss (341.1) (331.5)
Treasury stock, at cost   (1.4)
Total stockholders' equity 808.3 957.2
Total liabilities and stockholders' equity 1,838.0 1,934.4
Commitments and contingencies (Notes 12 and 15)
Related party    
Current liabilities:    
Payables to affiliates 31.3 22.9
Noncurrent liabilities:    
Payable to affiliate - income taxes $ 18.6 $ 33.5