Investment in TiO2 Manufacturing Joint Venture and Other Assets (Tables)

12 Months Ended

Dec. 31, 2022

Other Assets

	December 31,
	2021		2022
	(In millions)
Other assets:
Restricted cash and cash equivalents	$	41.9	$	37.2
Note receivables - OPA		38.7		49.3
Land held for development		36.0		29.7
IBNR receivables		34.4		16.8
Operating lease right-of-use assets		19.9		21.5
Other		16.8		24.3
Total	$	187.7	$	178.8

Schedule of Maturities of Operating Lease Liabilities

Years ending December 31,	Amount
	(In millions)
2023	$	4.5
2024		3.3
2025		2.7
2026		2.4
2027		1.5
2028 and thereafter		17.0
Total remaining lease payments		31.4
Less imputed interest		10.2
Total lease obligations		21.2
Less current obligations		3.8
Long term lease obligations	$	17.4

Louisiana Pigment Company

Summary of Net Distributions, Balance Sheets and Income Statements

	Years ended December 31,
	2020		2021		2022
	(In millions)
Distributions from LPC	$	32.7	$	28.5	$	58.3
Contributions to LPC		(45.5)		(24.7)		(68.8)
Net distributions (contributions)	$	(12.8)	$	3.8	$	(10.5)

Summary balance sheets of LPC are shown below:

	December 31,
	2021		2022
	(In millions)
ASSETS
Current assets	$	111.7	$	122.2
Property and equipment, net		142.6		147.4
Total assets	$	254.3	$	269.6
LIABILITIES AND PARTNERS' EQUITY
Other liabilities, primarily current	$	47.8	$	41.2
Partners' equity		206.5		228.4
Total liabilities and partners' equity	$	254.3	$	269.6

Summary income statements of LPC are shown below:

	Years ended December 31,
	2020		2021		2022
	(In millions)
Revenues and other income:
Kronos	$	167.8	$	188.6	$	225.6
Venator Investments		168.3		189.6		225.9
Total		336.1		378.2		451.5
Cost and expenses:
Cost of sales		335.7		377.8		451.1
General and administrative		.4		.4		.4
Total		336.1		378.2		451.5
Net income	$	—	$	—	$	—