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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities:    
Net income $ 105.8 $ 54.8
Depreciation and amortization 29.9 29.5
Gain from sale of land   (5.6)
Benefit plan expense greater than cash funding 4.0 4.8
Deferred income taxes 3.0 1.5
Contributions to TiO2 manufacturing joint venture, net (4.1) (0.2)
Fixed asset impairment 16.0  
Other, net 2.3 2.2
Change in assets and liabilities:    
Accounts and other receivables, net (60.5) (37.9)
Inventories, net (38.0) 82.7
Land held for development, net 5.8 (10.2)
Accounts payable and accrued liabilities (34.6) (42.9)
Income taxes 1.4 (9.2)
Accounts with affiliates 11.7 (7.8)
Other, net (14.9) 15.0
Net cash provided by operating activities 27.8 76.7
Cash flows from investing activities:    
Capital expenditures (33.2) (23.5)
Proceeds from land sales   8.4
Purchases of marketable securities (2.2) (2.6)
Proceeds from disposal of marketable securities 1.9 3.2
Other, net 0.1 2.1
Net cash used in investing activities (33.4) (12.4)
Cash flows from financing activities:    
Principal payments on indebtedness (21.4) (31.2)
Deferred financing fees   (1.8)
Valhi cash dividends paid (4.5) (4.5)
Distributions to noncontrolling interest in subsidiaries (16.7) (21.3)
Subsidiary treasury stock acquired (2.8) (0.8)
Net cash used in financing activities (45.4) (59.6)
Cash, cash equivalents and restricted cash and cash equivalents - net change from:    
Operating, investing and financing activities (51.0) 4.7
Effect of exchange rates on cash (8.7) (4.9)
Balance at beginning of period 792.9 570.3
Balance at end of period 733.2 570.1
Cash paid for:    
Interest, net of amounts capitalized 13.0 15.4
Income taxes, net 29.9 34.1
Noncash investing activities:    
Change in accruals for capital expenditures $ 2.6 $ 2.0