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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Dec. 31, 2022
Cash flows from operating activities:          
Net income (loss) $ (1.9) $ 40.8 $ (7.8) $ 146.6  
Depreciation and amortization     40.7 44.3  
Gain from sale of land 0.0 0.0 (1.5) 0.0  
Loss on pension plan termination 0.0 0.0 6.2 0.0  
Benefit plan expense greater (less) than cash funding     (5.7) 4.5  
Deferred income taxes     (37.4) 5.1  
Contributions to TiO2 manufacturing joint venture, net     (2.8) (8.5)  
Fixed asset impairment 0.0 0.4 0.0 16.4  
Loss on deconsolidation of BWC 0.0 2.0 0.0 2.0  
Other, net     4.6 10.2  
Change in assets and liabilities:          
Accounts and other receivables, net     (60.9) (23.6)  
Inventories, net     103.3 (142.0)  
Land held for development, net     0.2 17.8  
Accounts payable and accrued liabilities     (78.4) 20.1  
Income taxes     1.6 (2.5)  
Accounts with affiliates     (5.8) 5.0  
Other, net     (17.5) (67.5)  
Net cash provided by (used in) operating activities     (61.2) 27.9  
Cash flows from investing activities:          
Capital expenditures     (42.7) (48.0)  
Purchases of marketable securities     (63.7) (3.5)  
Proceeds from disposal of marketable securities     56.5 2.4  
Proceeds from land sales     1.8 0.0  
Cash, cash equivalents and restricted cash of BWC     0.0 (8.6)  
Other, net     0.0 0.1  
Net cash used in investing activities     (48.1) (57.6)  
Cash flows from financing activities:          
Principal payments on indebtedness     (24.5) (47.5)  
Valhi cash dividends paid     (6.8) (6.7)  
Distributions to noncontrolling interest in subsidiaries     (19.0) (27.5)  
Subsidiary treasury stock acquired     (2.9) (2.8)  
Net cash used in financing activities     (53.2) (84.5)  
Cash, cash equivalents and restricted cash and cash equivalents - net change from:          
Operating, investing and financing activities     (162.5) (114.2)  
Effect of exchange rates on cash     (2.8) (15.6)  
Balance at beginning of period     562.0 792.9 $ 792.9
Balance at end of period $ 396.7 $ 663.1 396.7 663.1 $ 562.0
Cash paid for:          
Interest, net of amounts capitalized     24.0 22.9  
Income taxes, net     24.5 37.3  
Noncash investing activities:          
Change in accruals for capital expenditures     $ 0.7 $ 2.0