CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 478.5	$ 698.4
Restricted cash equivalents	46.3	52.6
Marketable securities	75.1	2.6
Accounts and other receivables, net	271.0	380.7
Refundable income taxes	8.0	4.5
Receivables from affiliates	2.9	18.5
Inventories, net	640.8	458.7
Prepaid expenses and other	66.9	57.2
Total current assets	1,589.5	1,673.2
Other assets:
Marketable securities	1.2	3.3
Investment in TiO2 manufacturing joint venture	112.9	101.9
Goodwill	379.7	379.7
Deferred income taxes	40.5	86.8
Pension asset	9.3	9.0
Other assets	178.8	187.7
Total other assets	722.4	768.4
Property and equipment:
Land	47.8	50.3
Buildings	244.1	252.6
Equipment	1,152.3	1,194.6
Mining properties	13.5	26.3
Construction in progress	77.2	82.9
Gross property and equipment	1,534.9	1,606.7
Less accumulated depreciation and amortization	1,011.1	1,043.1
Net property and equipment	523.8	563.6
Total assets	2,835.7	3,005.2
Current liabilities:
Current maturities of long-term debt	1.8	3.1
Accounts payable	199.4	152.7
Accrued liabilities	243.6	264.8
Accrued litigation settlement	11.8	11.8
Payables to affiliates	22.9	18.8
Income taxes	13.3	12.3
Total current liabilities	492.8	463.5
Noncurrent liabilities:
Long-term debt	557.7	649.9
Deferred income taxes	63.5	46.2
Payable to affiliate - income taxes	33.4	44.5
Long-term litigation settlement	27.4	38.5
Accrued pension costs	131.6	291.1
Accrued environmental remediation and related costs	93.5	94.1
Other liabilities	129.0	219.0
Total noncurrent liabilities	1,036.1	1,383.3
Equity:
Preferred stock, $.01 par value; 500,000 shares authorized and nil shares issued
Common stock, $.01 par value; 50.0 million shares authorized; 29.6 million shares issued and outstanding	0.3	0.3
Additional paid-in capital	669.5	669.0
Retained earnings	482.3	401.1
Accumulated other comprehensive loss	(143.9)	(191.3)
Treasury stock, at cost - 1.1 million shares	(49.6)	(49.6)
Total Valhi stockholders' equity	958.6	829.5
Noncontrolling interest in subsidiaries	348.2	328.9
Total equity	1,306.8	1,158.4
Total liabilities and equity	2,835.7	3,005.2
Commitments and contingencies (Notes 9, 14, 17 and 18)