CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 92.5 $ 167.7
Restricted cash 1.8 2.2
Accounts and other receivables 218.3 260.2
Receivable from affiliate 2.5 18.0
Inventories, net 387.2 423.6
Prepaid expenses and other 8.5 8.2
Total current assets 710.8 879.9
Other assets:    
Investment in TiO2 manufacturing joint venture 82.9 89.0
Marketable securities 2.4 11.1
Deferred income taxes 14.0 167.3
Other 3.1 6.1
Total other assets 102.4 273.5
Property and equipment:    
Land 37.8 42.6
Buildings 197.4 220.6
Equipment 941.6 1,035.6
Mining properties 102.6 116.7
Construction in progress 29.2 24.4
Gross property and equipment 1,308.6 1,439.9
Less accumulated depreciation and amortization 879.1 960.2
Net property and equipment 429.5 479.7
Total assets 1,242.7 1,633.1
Current liabilities:    
Current maturities of long-term debt 3.8 3.9
Accounts payable and accrued liabilities 172.7 202.6
Payables to affiliates 19.5 19.9
Income taxes 5.7 7.8
Total current liabilities 201.7 234.2
Noncurrent liabilities:    
Long-term debt 337.2 339.7
Deferred income taxes 8.1 6.1
Accrued pension cost 202.7 237.1
Accrued postretirement benefits cost 6.7 8.1
Other 24.4 26.8
Total noncurrent liabilities 579.1 617.8
Stockholders' equity:    
Common stock, $.01 par value; 240.0 shares authorized; 115.9 shares issued 1.2 1.2
Additional paid-in capital 1,398.7 1,398.6
Retained deficit (526.0) (282.9)
Accumulated other comprehensive loss (412.0) (335.8)
Total stockholders' equity 461.9 781.1
Total liabilities and stockholders' equity $ 1,242.7 $ 1,633.1
Commitments and contingencies (Notes 10 and 15)