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Fair Value Measurements and Financial Instruments (Tables)
3 Months Ended
Mar. 31, 2019
Fair Value Disclosures [Abstract]  
Financial Instruments not Carried at Fair Value

The following table presents the financial instruments that are not carried at fair value but which require fair value disclosure:

 

 

December 31, 2018

 

 

March 31, 2019

 

 

Carrying
amount

 

 

Fair
value

 

 

Carrying
amount

 

 

Fair
value

 

 

(In millions)

 

Cash, cash equivalents and restricted cash equivalents

$

523.7

  

  

$

523.7

 

 

$

487.6

 

 

$

487.6

 

Deferred payment obligation

 

9.6

  

  

 

9.6

 

 

 

9.7

 

 

 

9.7

 

Long-term debt (excluding capitalized leases):

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

Kronos Senior Notes

 

452.4

 

 

 

412.9

 

 

 

443.2

 

 

 

428.6

 

Valhi credit facility with Contran

 

314.3

  

  

 

314.3

 

 

 

313.0

 

 

 

313.0

 

Tremont promissory note payable

 

9.4

  

  

 

9.4

 

 

 

8.7

 

 

 

8.7

 

BMI bank note payable

 

18.0

  

  

 

18.8

 

 

 

18.0

 

 

 

18.8

 

LandWell note payable to the City of Henderson

 

2.1

  

  

 

2.1

 

 

 

2.1

 

 

 

2.1