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

12 Months Ended

Dec. 31, 2020

Other Noncurrent Assets

	December 31,
	2019		2020
	(In millions)
Other assets:
Land held for development	$	125.3	$	96.0
Operating lease right-of-use assets		29.0		26.1
Restricted cash and cash equivalents		33.0		37.8
IBNR receivables		8.5		37.1
Note receivables - OPA		8.8		25.3
Other		11.9		8.7
Total	$	216.5	$	231.0

Schedule of Maturities of Operating Lease Liabilities

At December 31, 2020, maturities of our operating lease liabilities were as follows:

Years ending December 31,	Amount
	(In millions)
2021	$	7.4
2022		4.1
2023		2.7
2024		1.8
2025		1.3
2026 and thereafter		20.1
Total remaining lease payments		37.4
Less imputed interest		11.9
Total lease obligations		25.5
Less current obligations		6.7
Long term lease obligations	$	18.8

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,
	2018			2019			2020
	(In millions)
Distributions from LPC	$	34.3		$	40.6		$	32.7
Contributions to LPC		(30.3	)		(49.9	)		(45.5	)
Net distributions (contributions)	$	4.0		$	(9.3	)	$	(12.8	)

Summary balance sheets of LPC are shown below:

	December 31,
	2019		2020
	(In millions)
ASSETS
Current assets	$	94.6	$	105.8
Property and equipment, net		121.3		134.1
Total assets	$	215.9	$	239.9
LIABILITIES AND PARTNERS' EQUITY
Other liabilities, primarily current	$	32.8	$	30.6
Partners' equity		183.1		209.3
Total liabilities and partners' equity	$	215.9	$	239.9

Summary income statements of LPC are shown below:

	Years ended December 31,
	2018		2019		2020
	(In millions)
Revenues and other income:
Kronos	$	165.9	$	176.2	$	167.8
Venator Investments		167.0		177.0		168.3
Total		332.9		353.2		336.1
Cost and expenses:
Cost of sales		332.5		352.8		335.7
General and administrative		.4		.4		.4
Total		332.9		353.2		336.1
Net income	$	-	$	-	$	-