CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Dec. 31, 2020	Dec. 31, 2019
Current assets:
Cash and cash equivalents	$ 518.6	$ 523.8
Restricted cash equivalents	13.9	27.0
Marketable securities	4.4	2.1
Accounts and other receivables, net	332.1	314.0
Refundable income taxes	5.7	7.9
Receivables from affiliates	4.5	7.3
Inventories, net	538.2	522.1
Other current assets	36.0	21.2
Total current assets	1,453.4	1,425.4
Other assets:
Marketable securities	2.9	6.2
Investment in TiO2 manufacturing joint venture	103.3	90.2
Goodwill	379.7	379.7
Deferred income taxes	120.2	106.0
Pension asset	8.4	7.4
Other assets	231.0	216.5
Total other assets	845.5	806.0
Property and equipment:
Land	49.6	46.2
Buildings	268.7	248.0
Equipment	1,234.8	1,166.0
Mining properties	30.2	26.2
Construction in progress	64.5	62.7
Gross property and equipment	1,647.8	1,549.1
Less accumulated depreciation and amortization	1,057.4	986.1
Net property and equipment	590.4	563.0
Total assets	2,889.3	2,794.4
Current liabilities:
Current maturities of long-term debt	2.4	4.9
Accounts payable	117.6	144.7
Accrued liabilities	143.0	130.5
Accrued litigation settlement	11.8	11.8
Payables to affiliates	27.6	20.4
Income taxes	15.7	10.2
Total current liabilities	318.1	322.5
Noncurrent liabilities:
Long-term debt	786.2	789.4
Deferred income taxes	29.6	38.1
Payables to affiliates	50.4	56.3
Long-term litigation settlement	49.4	60.1
Accrued pension costs	379.0	315.6
Accrued environmental remediation and related costs	95.2	95.2
Other liabilities	174.5	137.1
Total noncurrent liabilities	1,564.3	1,491.8
Equity:
Preferred stock, $.01 par value; 5,000 and nil shares authorized; 5,000 and nil shares issued		667.3
Common stock, $.01 par value; 500.0 million and 50.0 million shares authorized; 29.6 million shares issued and outstanding	0.3	0.3
Additional paid-in capital	668.3	3.3
Retained earnings	282.9	239.4
Accumulated other comprehensive loss	(219.4)	(220.7)
Treasury stock, at cost - 1.1 million shares	(49.6)	(49.6)
Total Valhi stockholders' equity	682.5	640.0
Noncontrolling interest in subsidiaries	324.4	340.1
Total equity	1,006.9	980.1
Total liabilities and equity	2,889.3	2,794.4
Commitments and contingencies (Notes 9, 14, 17 and 18)