Investment in Kronos Worldwide, Inc. (Tables)

9 Months Ended

Sep. 30, 2025


	Amount
	(In millions)
Balance at the beginning of the period	$	250.3
Equity in losses of Kronos		(8.6)
Dividends received from Kronos		(5.3)
Equity in Kronos' other comprehensive income:
Currency translation		9.7
Defined benefit pension plans		.4
Balance at the end of the period	$	246.5


	December 31,		September 30,
	2024		2025

	(In millions)
Current assets	$	1,105.3	$	1,070.4
Property and equipment, net		694.1		725.7
Other noncurrent assets		114.1		113.6
Total assets	$	1,913.5	$	1,909.7

Current liabilities	$	476.6	$	279.2
Long-term debt		429.1		626.2
Accrued pension costs		117.5		125.2
Other noncurrent liabilities		73.3		74.4
Stockholders’ equity		817.0		804.7
Total liabilities and stockholders’ equity	$	1,913.5	$	1,909.7

Three months ended

Nine months ended

September 30,

2024

2025

2024

2025

(In millions)

Net sales

484.7

456.9

1,464.0

1,441.1

Cost of sales

383.5

409.9

1,191.1

1,224.5

Income from operations

38.9

(19.2)

94.3

26.6

Income tax expense

22.7

7.9

34.7

19.0

Net income (loss)

71.8

(37.0)

99.4

(28.1)

NL INDUSTRIES INC 10-Q