Business Segment Information (Tables)

6 Months Ended

Jun. 30, 2022

Segment Reporting [Abstract]

Holding Percentage of Subsidiaries

		% controlled at
Business segment	Entity	June 30, 2022
Chemicals	Kronos	81%
Component products	CompX	87%
Real estate management and development	BMI and LandWell	63% - 77%

Segment Operating Performance

	Three months ended				Six months ended
	June 30,				June 30,
	2021		2022		2021		2022
	(In millions)
Net sales:
Chemicals	$	478.6	$	565.3	$	943.6	$	1,128.2
Component products		36.3		41.6		72.2		83.7
Real estate management and development		10.4		27.7		18.5		51.7
Total net sales	$	525.3	$	634.6	$	1,034.3	$	1,263.6
Cost of sales:
Chemicals	$	369.9	$	445.1	$	739.6	$	859.0
Component products		24.9		28.0		49.8		58.0
Real estate management and development		5.9		14.8		11.0		29.2
Total cost of sales	$	400.7	$	487.9	$	800.4	$	946.2
Gross margin:
Chemicals	$	108.7	$	120.2	$	204.0	$	269.2
Component products		11.4		13.6		22.4		25.7
Real estate management and development		4.5		12.9		7.5		22.5
Total gross margin	$	124.6	$	146.7	$	233.9	$	317.4
Operating income (loss):
Chemicals	$	47.4	$	69.2	$	85.1	$	155.6
Component products		5.8		7.7		11.6		14.0
Real estate management and development		2.4		(5.0)		10.2		3.0
Total operating income		55.6		71.9		106.9		172.6
General corporate items:
Interest income and other		1.1		1.4		2.0		2.3
Gain on land and related sales		5.6		—		5.6		—
Changes in market value of Valhi common stock held by subsidiaries		.9		3.9		2.2		4.0
Other components of net periodic pension and OPEB expense		(4.6)		(3.3)		(8.9)		(6.6)
General expenses, net		(9.3)		(10.5)		(17.4)		(18.7)
Interest expense		(8.7)		(7.0)		(17.3)		(13.9)
Income before income taxes	$	40.6	$	56.4	$	73.1	$	139.7