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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash flows from operating activities:    
Net income $ 63.8 $ 277.2
Depreciation and amortization 40.8 43.5
Benefit plan expense greater than cash funding 5.0 3.7
Deferred income taxes 8.2 (72.8)
Gain on sale of WCS   (58.4)
Gain on land sales (4.4) (12.5)
Securities transactions, net (0.3) (12.6)
Distributions from (contributions to) TiO2 manufacturing joint venture, net (1.8) 5.5
Other, net 7.0 14.3
Change in assets and liabilities:    
Accounts and other receivables, net (43.2) (45.3)
Inventories, net 50.2 (72.2)
Land held for development, net (1.1) 2.8
Accounts payable and accrued liabilities (31.1) 73.0
Accounts with affiliates 1.5 27.8
Income taxes (2.4) 9.6
Other, net 20.5 7.9
Net cash provided by operating activities 113.0 191.5
Cash flows from investing activities:    
Capital expenditures (37.9) (39.1)
Cash, cash equivalents and restricted cash and cash equivalents of discontinued operations at time of sale   (28.8)
Proceeds from sale of land 4.8 19.5
Purchases of marketable securities (4.4) (3.8)
Disposals of marketable securities 3.8 17.6
Other, net   0.1
Net cash used in investing activities (33.7) (34.5)
Cash flows from financing activities:    
Principal payments on indebtedness (4.9) (10.2)
Valhi cash dividends paid (20.4) (20.4)
Distributions to noncontrolling interest in subsidiaries (18.8) (11.8)
Subsidiary treasury stock acquired (3.1)  
Net cash used in financing activities (47.2) (42.4)
Cash, cash equivalents and restricted cash and cash equivalents - net change from:    
Operating, investing and financing activities 32.1 114.6
Effect of exchange rates on cash (6.3) (7.9)
Balance at beginning of period 523.7 489.4
Balance at end of period 549.5 596.1
Cash paid for:    
Interest, net of capitalized interest 32.7 48.2
Income taxes, net 30.3 31.2
Noncash investing activities:    
Change in accruals for capital expenditures $ 1.6 2.5
Sale of investment in Amalgamated Sugar Company LLC   250.0
Noncash financing activities:    
Trade payable to affiliate converted to indebtedness   36.3
Deemed repayment of Snake River Sugar Company indebtedness   $ (250.0)