CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 298.1	$ 478.5
Restricted cash equivalents	47.2	46.3
Marketable securities	101.0	75.1
Accounts and other receivables, net	328.8	281.9
Inventories, net	643.8	640.8
Prepaid expenses and other	55.4	66.9
Total current assets	1,474.3	1,589.5
Other assets:
Marketable securities	1.6	1.2
Investment in TiO2 manufacturing joint venture	113.6	112.9
Goodwill	379.7	379.7
Deferred income taxes	42.6	40.5
Other assets	178.3	188.1
Total other assets	715.8	722.4
Property and equipment:
Land	48.3	47.8
Buildings	247.5	244.1
Equipment	1,164.3	1,152.3
Mining properties	2.5	13.5
Construction in progress	84.3	77.2
Gross property and equipment	1,546.9	1,534.9
Less accumulated depreciation and amortization	1,018.9	1,011.1
Net property and equipment	528.0	523.8
Total assets	2,718.1	2,835.7
Current liabilities:
Current maturities of long-term debt	1.6	1.8
Accounts payable and accrued liabilities	387.8	477.7
Income taxes	7.6	13.3
Total current liabilities	397.0	492.8
Noncurrent liabilities:
Long-term debt	559.9	557.7
Deferred income taxes	64.1	63.5
Payable to affiliate - income taxes	33.4	33.4
Accrued pension costs	132.4	131.6
Accrued environmental remediation and related costs	93.4	93.5
Other liabilities	149.1	156.4
Total noncurrent liabilities	1,032.3	1,036.1
Equity:
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	668.6	669.5
Retained earnings	475.1	482.3
Accumulated other comprehensive loss	(148.0)	(143.9)
Treasury stock, at cost - 1.1 million shares	(49.6)	(49.6)
Total Valhi stockholders' equity	946.4	958.6
Noncontrolling interest in subsidiaries	342.4	348.2
Total equity	1,288.8	1,306.8
Total liabilities and equity	2,718.1	$ 2,835.7
Commitments and contingencies (Notes 9, 14, 17 and 18)