Investment in TiO2 Manufacturing Joint Venture (Tables)

12 Months Ended

Dec. 31, 2018

Louisiana Pigment Company, L.P.

Schedule of Equity Method Investments [Line Items]

Summary of Net Cash Distributions, Balance Sheets and Income Statements

	Years ended December 31,
	2016			2017			2018
	(In millions)
Distributions from LPC	$	35.0		$	44.0		$	34.3
Contributions to LPC		(31.4	)		(50.0	)		(30.3	)
Net distributions (contributions)	$	3.6		$	(6.0	)	$	4.0

At December 31, 2017, we recorded $1.4 million as a payable to LPC related to contributions due to LPC, and we paid such contribution on January 2, 2018.  See Note 15.

Summary balance sheets of LPC are shown below:

	December 31,
	2017		2018
	(In millions)
ASSETS
Current assets	$	104.1	$	87.0
Property and equipment, net		116.1		119.6
Total assets	$	220.2	$	206.6
LIABILITIES AND PARTNERS' EQUITY
Other liabilities, primarily current	$	44.4	$	41.1
Partners' equity		175.8		165.5
Total liabilities and partners' equity	$	220.2	$	206.6

Summary income statements of LPC are shown below:

	Years ended December 31,
	2016		2017		2018
	(In millions)
Revenues and other income:
Kronos	$	157.5	$	157.5	$	165.9
Venator Investments		157.9		158.3		167.0
Total revenues and other income		315.4		315.8		332.9
Cost and expenses:
Cost of sales		314.9		315.4		332.5
General and administrative		.5		.4		.4
Total costs and expenses		315.4		315.8		332.9
Net income	$	-	$	-	$	-