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Other Noncurrent Assets
6 Months Ended
Jun. 30, 2013
Other Noncurrent Assets

Note 7—Other noncurrent assets:

 

 

 

December 31,

2012

 

  

June 30,

2013

 

 

(In millions)

 

Investment in affiliates:

 

 

 

  

 

 

 

TiO2 manufacturing joint venture, Louisiana Pigment Company, L.P. (“LPC”)

$

  109.9

  

  

$

  95.2

  

Other

 

  16.2

  

  

 

  15.5

 

Total

$

  126.1

  

  

$

  110.7

  

Other assets:

 

 

 

  

 

 

 

Waste disposal site operating permits, net

$

  65.7

  

  

$

  62.8

  

Restricted cash

 

  20.9

  

  

 

  21.7

 

Deferred financing costs

 

  7.0

  

  

 

  3.7

 

IBNR receivables

 

  6.7

  

  

 

  6.9

 

Capital lease deposit

 

  6.2

  

  

 

  6.2

 

Pension asset

 

  5.1

  

  

 

  5.9

 

Assets held for sale

 

  2.6

  

  

 

  1.0

 

Other

 

  46.9

  

  

 

  48.9

 

Total

$

  161.1

  

  

$

  157.1

  

In the fourth quarter of 2012, CompX entered into an agreement to sell one of its facilities classified as an asset held for sale. The transaction closed during the first quarter of 2013. The net proceeds from the sale of $1.6 million approximated the carrying value of the assets as of the date of the sale.