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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities:    
Net income $ (3.7) $ 63.4
Depreciation and amortization 14.3 14.8
Benefit plan expense greater than cash funding (2.0) 1.8
Deferred income taxes 0.3 3.1
Distributions from (contributions to) TiO2 manufacturing joint venture, net (0.7) (3.8)
Other, net 1.7 2.7
Change in assets and liabilities:    
Accounts and other receivables, net (39.0) (43.9)
Inventories, net 1.5 (35.3)
Land held for development, net (8.4) 7.1
Accounts payable and accrued liabilities (82.6) (37.7)
Income taxes (1.3) 7.1
Accounts with affiliates (15.4) 8.1
Other, net 8.5 (10.2)
Net cash provided by operating activities (126.8) (22.8)
Cash flows from investing activities:    
Capital expenditures (16.7) (16.2)
Purchases of marketable securities (33.8) (0.1)
Proceeds from disposal of marketable securities 8.5 0.8
Net cash used in investing activities (42.0) (15.5)
Cash flows from financing activities:    
Principal payments on indebtedness (7.4) (5.9)
Valhi cash dividends paid (2.3) (2.2)
Distributions to noncontrolling interest in subsidiaries (5.2) (5.2)
Subsidiary treasury stock acquired (1.4) (1.1)
Net cash used in financing activities (16.3) (14.4)
Operating, investing and financial activities (185.1) (52.7)
Cash, cash equivalents and restricted cash and cash equivalents - net change from:    
Operating, investing and financial activities (185.1) (52.7)
Effect of exchange rates on cash (0.7) (0.4)
Balance at beginning of year 562.0 792.9
Balance at end of year 376.2 739.8
Cash paid for:    
Interest, net of amounts capitalized 10.5 10.2
Income taxes, net (2.4) 6.2
Noncash investing activities:    
Change in accruals for capital expenditures $ 6.3 $ 3.8