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Fair Value Measurements and Financial Instruments (Tables)
3 Months Ended
Mar. 31, 2020
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, 2019

 

 

March 31, 2020

 

 

 

Carrying amount

 

 

Fair

value

 

 

Carrying amount

 

 

Fair

value

 

 

 

(In millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash, cash equivalents and restricted cash equivalents

 

$

583.8

 

 

$

583.8

 

 

$

529.0

 

 

$

529.0

 

Deferred payment obligation

 

 

9.9

 

 

 

9.9

 

 

 

9.9

 

 

 

9.9

 

Long-term debt (excluding capitalized leases):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Kronos Senior Notes

 

 

442.6

 

 

 

457.0

 

 

 

435.1

 

 

 

374.8

 

Valhi credit facility with Contran

 

 

313.0

 

 

 

313.0

 

 

 

313.0

 

 

 

313.0

 

Tremont promissory note payable

 

 

2.0

 

 

 

2.0

 

 

 

.5

 

 

 

.5

 

BMI bank note payable

 

 

17.2

 

 

 

17.9

 

 

 

17.2

 

 

 

17.9

 

LandWell note payable to the City of Henderson

 

 

1.6

 

 

 

1.6

 

 

 

-

 

 

 

-

 

LandWell bank note payable

 

 

15.0

 

 

 

15.0

 

 

 

14.9

 

 

 

15.0