Investment in TiO2 Manufacturing Joint Venture and Other Assets (Tables)

12 Months Ended

Dec. 31, 2015

	December 31,
	2014		2015
	(In millions)
Other assets:
Land held for development	$	165.1	$	157.2
Waste disposal site operating permits, net		53.2		48.1
Restricted cash		13.9		19.6
IBNR receivables		6.8		7.0
Capital lease deposit		6.2		6.2
Intangible assets		5.1		5.1
Other		27.5		11.8
Total	$	277.8	$	255.0

The components of our net distributions (contributions) from LPC are shown in the table below.

The components of net capitalized permit costs are presented in the table below.

	December 31,
	2014		2015
	(In millions)
Net permit costs for issued permits which are being amortized:
LLRW license (expires in 2024)	$	49.6	$	44.7
Byproduct license (expires in 2018)		3.5		2.5
Other (expires 2015—2024)		.1		.1
Total amortized permits		53.2		47.3
Permits not being amortized		—		.8
Total	$	53.2	$	48.1

Summary balance sheets of LPC are shown below:

	December 31,
	2014		2015
	(In millions)
ASSETS
Current assets	$	107.4	$	96.2
Property and equipment, net		110.6		110.1
Total assets	$	218.0	$	206.3
LIABILITIES AND PARTNERS’ EQUITY
Other liabilities, primarily current	$	37.3	$	37.8
Partners’ equity		180.7		168.5
Total liabilities and partners’ equity	$	218.0	$	206.3

Summary income statements of LPC are shown below:

	Twelve Months ended September 30, 2013
	(in millions)
Total revenues	$	9.5
Loss before income taxes		(3.9	)
Net loss		(3.7	)