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

12 Months Ended

Dec. 31, 2018

Investment in TiO2 Manufacturing Joint Venture and Other Assets

	December 31,
	2017		2018
	(In millions)
Other assets:
Land held for development	$	126.6	$	129.2
Restricted cash and cash equivalents		9.9		8.9
Land contract receivables		—		9.1
IBNR receivables		6.8		6.0
Note receivables - OPA		—		1.9
Other		26.6		12.7
Total	$	169.9	$	167.8

LPC

Summary of Net Distributions, Balance Sheets and Income Statements

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

	Years ended December 31,
	2016			2017			2018
	(In millions)
Distributions from LPC	$	35.0		$	44.0		$	34.3
Contributions to LPC		(31.4	)		(50.0	)		(30.3	)
Net distributions (contributions)	$	3.6		$	(6.0	)	$	4.0

Summary balance sheets of LPC are shown below:

	December 31,
	2017		2018
	(In millions)
ASSETS
Current assets	$	104.1	$	87.0
Property and equipment, net		116.1		119.6
Total assets	$	220.2	$	206.6
LIABILITIES AND PARTNERS’ EQUITY
Other liabilities, primarily current	$	44.4	$	41.1
Partners’ equity		175.8		165.5
Total liabilities and partners’ equity	$	220.2	$	206.6

Summary income statements of LPC are shown below:

	Years ended December 31,
	2016		2017		2018
	(In millions)
Revenues and other income:
Kronos	$	157.5	$	157.5	$	165.9
Tioxide		157.9		158.3		167.0
Total		315.4		315.8		332.9
Cost and expenses:
Cost of sales		314.9		315.4		332.5
General and administrative		.5		.4		.4
Total		315.4		315.8		332.9
Net income	$	—	$	—	$	—