v3.25.2
Investment in Kronos Worldwide, Inc. (Tables)
6 Months Ended
Jun. 30, 2025
Investment in Kronos Worldwide, Inc.  
Schedule of Changes in Carrying Value of Investment

    

Amount

(In millions)

Balance at the beginning of the period

$

250.3

Equity in earnings of Kronos

 

2.7

Dividends received from Kronos

 

(3.5)

Equity in Kronos' other comprehensive income:

Currency translation

9.6

Defined benefit pension plans

.3

Balance at the end of the period

$

259.4

Schedule of Selected Financial Information of Kronos Balance Sheet

December 31, 

June 30, 

    

2024

    

2025

(In millions)

Current assets

$

1,105.3

$

1,087.6

Property and equipment, net

 

694.1

 

731.2

Other noncurrent assets

 

114.1

 

121.6

Total assets

$

1,913.5

$

1,940.4

Current liabilities

$

476.6

$

390.2

Long-term debt

 

429.1

 

501.4

Accrued pension costs

 

117.5

 

127.1

Other noncurrent liabilities

 

73.3

 

74.9

Stockholders’ equity

 

817.0

 

846.8

Total liabilities and stockholders’ equity

$

1,913.5

$

1,940.4

Schedule of Selected Financial Information of Kronos Income Statement

Three months ended

Six months ended

June 30, 

June 30, 

    

2024

    

2025

    

2024

    

2025

(In millions)

Net sales

$

500.5

$

494.4

$

979.3

$

984.2

Cost of sales

 

400.3

 

431.6

 

807.6

 

814.5

Income from operations

 

35.9

 

7.4

 

55.4

 

45.8

Income tax expense

 

8.5

 

3.5

 

12.0

 

11.1

Net income (loss)

 

19.5

 

(9.2)

 

27.6

 

8.9