CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
Current assets:
Cash and cash equivalents	$ 202.3	$ 255.8
Restricted cash equivalents	7.2	10.6
Marketable securities	2.0	2.7
Accounts and other receivables, net	228.9	271.3
Refundable income taxes	7.4	8.7
Receivable from affiliates	10.3	23.9
Land held for development	9.9	15.0
Inventories, net	405.2	443.0
Other current assets	23.0	17.6
Total current assets	896.2	1,048.6
Other assets:
Marketable securities	254.9	255.6
Investment in TiO2 manufacturing joint venture	82.9	89.0
Goodwill	379.7	379.7
Deferred income taxes	1.3	160.9
Pension asset	1.7
Other assets	255.0	277.8
Total other assets	975.5	1,163.0
Property and equipment:
Land	45.4	49.1
Buildings	239.7	263.1
Equipment	1,061.6	1,139.9
Treatment, storage and disposal facilities	159.5	159.9
Mining properties	35.5	52.0
Construction in progress	33.1	26.2
Gross property and equipment	1,574.8	1,690.2
Less accumulated depreciation	909.1	956.6
Net property and equipment	665.7	733.6
Total assets	2,537.4	2,945.2
Current liabilities:
Current maturities of long-term debt	9.5	9.3
Accounts payable	104.8	136.2
Accrued liabilities	121.1	128.0
Payable to affiliates	45.5	46.0
Income taxes	5.7	7.8
Total current liabilities	286.6	327.3
Noncurrent liabilities:
Long-term debt	951.0	919.7
Deferred income taxes	321.0	399.8
Accrued pension costs	216.8	249.4
Accrued environmental remediation and related costs	108.7	108.3
Accrued postretirement benefits costs	11.8	14.1
Other liabilities	114.6	112.7
Total noncurrent liabilities	1,723.9	1,804.0
Equity: Valhi stockholders' equity:
Preferred stock, $.01 par value; 5,000 shares authorized; 5,000 shares issued	667.3	667.3
Common stock, $.01 par value; 500.0 million shares authorized; 355.2 million shares issued and outstanding	3.6	3.6
Retained earnings (deficit)	(155.6)	4.9
Accumulated other comprehensive loss	(197.0)	(148.6)
Treasury stock, at cost—13.2 million shares	(49.6)	(49.6)
Total Valhi stockholders’ equity	268.7	477.6
Noncontrolling interest in subsidiaries	258.2	336.3
Total equity	526.9	813.9
Total liabilities and equity	$ 2,537.4	$ 2,945.2
Commitments and contingencies (Notes 9, 12, 16 and 17)