v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 209.7 $ 214.0
Restricted cash equivalents 6.6 8.6
Marketable securities 2.7 2.9
Accounts and other receivables, net 434.2 318.9
Inventories, net 530.9 659.8
Prepaid expenses and other 32.9 54.9
Total current assets 1,217.0 1,259.1
Other assets:    
Marketable securities 6.5 6.1
Goodwill 382.3 382.3
Deferred income taxes 24.1 35.2
Note receivables - Owner Participation Agreement ("OPA") 125.2 116.1
Other assets 87.2 81.9
Total other assets 625.3 621.6
Property and equipment:    
Land 77.4 79.4
Buildings 295.9 311.7
Equipment 1,420.7 1,464.2
Mining properties 93.2 91.8
Construction in progress 50.4 45.0
Gross property and equipment 1,937.6 1,992.1
Less accumulated depreciation and amortization 1,205.2 1,240.5
Net property and equipment 732.4 751.6
Total assets 2,574.7 2,632.3
Current liabilities:    
Current maturities of long-term debt 0.8 0.8
Accounts payable and accrued liabilities 355.7 434.1
Income taxes 4.7 14.4
Total current liabilities 361.2 449.3
Noncurrent liabilities:    
Long-term debt (including affiliate debt of $77.3 million and $61.3 million at December 31, 2025 and June 30, 2026, respectively) 586.7 590.9
Accrued pension costs 73.7 80.9
Accrued environmental remediation and related costs 14.5 14.7
Deferred income taxes 58.0 55.8
Other liabilities 81.3 77.0
Total noncurrent liabilities 814.2 819.3
Equity:    
Preferred stock
Common stock 0.3 0.3
Additional paid-in capital 671.2 670.3
Retained earnings 527.8 508.0
Accumulated other comprehensive loss (105.5) (105.8)
Treasury stock, at cost (49.6) (49.6)
Total Valhi stockholders' equity 1,044.2 1,023.2
Noncontrolling interest in subsidiaries 355.1 340.5
Total equity 1,399.3 1,363.7
Total liabilities and equity 2,574.7 2,632.3
Commitments and contingencies (Notes 13 and 16)
Related Party    
Noncurrent liabilities:    
Long-term debt (including affiliate debt of $77.3 million and $61.3 million at December 31, 2025 and June 30, 2026, respectively) $ 61.3 $ 77.3