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Business and Geographic Segments (Tables)
12 Months Ended
Dec. 31, 2021
Segment Reporting [Abstract]  
Holding Percentage of Subsidiaries

    

    

% controlled at

 

Business segment

Entity

December 31, 2021

 

Chemicals

 

Kronos

 

80%

Component products

 

CompX

 

87%

Real estate management and development

 

BMI and LandWell

 

63% - 77%

Segment Operating Performance

Years ended December 31, 

    

2019

    

2020

     

2021

(In millions)

Net sales:

Chemicals

$

1,731.2

$

1,638.8

$

1,939.4

Component products

 

124.2

 

114.5

 

140.8

Real estate management and development

 

42.1

 

96.4

 

216.2

Total net sales

$

1,897.5

$

1,849.7

$

2,296.4

Cost of sales:

 

  

 

  

 

  

Chemicals

$

1,346.8

$

1,291.0

$

1,494.5

Component products

 

85.3

 

81.7

 

98.1

Real estate management and development

 

30.8

 

64.9

 

123.6

Total cost of sales

$

1,462.9

$

1,437.6

$

1,716.2

Gross margin:

 

  

 

  

 

  

Chemicals

$

384.4

$

347.8

$

444.9

Component products

 

38.9

 

32.8

 

42.7

Real estate management and development

 

11.3

 

31.5

 

92.6

Total gross margin

$

434.6

$

412.1

$

580.2

Operating income:

 

  

 

  

 

  

Chemicals

$

160.1

$

126.5

$

200.8

Component products

 

17.8

 

11.8

 

20.5

Real estate management and development

 

14.8

 

47.8

 

97.3

Total operating income

 

192.7

 

186.1

 

318.6

General corporate items:

 

  

 

  

 

  

Securities earnings

 

11.2

 

4.7

 

4.0

Insurance recoveries

 

7.7

 

1.6

 

.1

Gain on land sales

 

4.4

 

.5

 

16.0

Gain on sale of business

 

3.0

 

 

Other components of net periodic pension and
  OPEB expense

 

(16.5)

 

(20.1)

 

(17.0)

Litigation settlement expense, net

 

(19.3)

 

 

Changes in market value of Valhi common stock held by
  subsidiaries

 

(.2)

 

(1.7)

 

3.3

General expenses, net

 

(37.5)

 

(34.3)

 

(34.7)

Interest expense

 

(40.8)

 

(36.2)

 

(32.5)

Income from continuing operations before income taxes

$

104.7

$

100.6

$

257.8

Years ended December 31, 

    

2019

    

2020

2021

(In millions)

Depreciation and amortization:

 

  

 

  

 

  

Chemicals

$

50.2

$

61.9

$

52.8

Component products

 

3.7

 

3.8

 

3.8

Real estate management and development

 

2.9

 

2.8

 

2.7

Total

$

56.8

$

68.5

$

59.3

Capital expenditures:

 

  

 

  

 

  

Chemicals

$

55.1

$

62.8

$

58.6

Component products

 

3.2

 

1.7

 

4.1

Real estate management and development

 

1.6

 

1.0

 

1.4

Total

$

59.9

$

65.5

$

64.1

Total Assets Held by Business Segments

December 31, 

   

2019

    

2020

    

2021

(In millions)

Total assets:

 

  

 

  

 

  

Operating segments:

 

  

 

  

 

  

Chemicals

$

2,331.8

$

2,400.7

$

2,373.1

Component products

 

132.5

 

138.0

 

146.4

Real estate management and development

 

191.6

 

171.3

 

259.3

Corporate and eliminations

 

138.5

 

179.3

 

226.4

Total

$

2,794.4

$

2,889.3

$

3,005.2

Net Sales by Point of Origin and Point of Destination

Years ended December 31, 

    

2019

    

2020

    

2021

(In millions)

Net sales - point of origin:

 

  

 

  

 

  

United States

$

1,164.8

$

1,189.8

$

1,409.1

Germany

 

883.6

 

836.0

 

971.7

Canada

 

328.7

 

319.5

 

371.9

Belgium

 

270.7

 

249.5

 

295.7

Norway

 

192.2

 

211.8

 

257.2

Eliminations

 

(942.5)

 

(956.9)

 

(1,009.2)

Total

$

1,897.5

$

1,849.7

$

2,296.4

Net sales - point of destination:

 

  

 

  

 

  

North America

$

740.1

$

778.2

$

999.7

Europe

 

824.2

 

783.8

 

945.7

Asia and other

 

333.2

 

287.7

 

351.0

Total

$

1,897.5

$

1,849.7

$

2,296.4

Net Property and Equipment by Segment

December 31, 

    

2019

    

2020

    

2021

 

(In millions)

Net property and equipment:

 

  

 

  

 

  

United States

$

72.0

$

67.8

$

63.6

Germany

 

233.6

 

237.5

 

214.8

Canada

 

73.1

 

88.6

 

91.1

Belgium

 

96.4

 

108.4

 

107.7

Norway

 

87.9

 

88.1

 

86.4

Total

$

563.0

$

590.4

$

563.6