Business Segment Information (Tables)

9 Months Ended

Sep. 30, 2022

Segment Reporting [Abstract]

Holding Percentage of Subsidiaries

		% controlled at
Business segment	Entity	September 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				Nine months ended
	September 30,				September 30,
	2021		2022		2021		2022
	(In millions)
Net sales:
Chemicals	$	499.8	$	459.6	$	1,443.4	$	1,587.8
Component products		34.5		42.9		106.7		126.6
Real estate management and development		44.6		53.8		63.1		105.5
Total net sales	$	578.9	$	556.3	$	1,613.2	$	1,819.9
Cost of sales:
Chemicals	$	377.1	$	376.0	$	1,116.7	$	1,235.0
Component products		23.6		30.9		73.4		88.9
Real estate management and development		25.5		29.0		36.5		58.2
Total cost of sales	$	426.2	$	435.9	$	1,226.6	$	1,382.1
Gross margin:
Chemicals	$	122.7	$	83.6	$	326.7	$	352.8
Component products		10.9		12.0		33.3		37.7
Real estate management and development		19.1		24.8		26.6		47.3
Total gross margin	$	152.7	$	120.4	$	386.6	$	437.8
Operating income:
Chemicals	$	60.3	$	34.3	$	145.4	$	189.9
Component products		5.1		6.0		16.7		20.0
Real estate management and development		15.8		29.1		26.0		32.1
Total operating income		81.2		69.4		188.1		242.0
General corporate items:
Interest income and other		.9		3.3		2.9		5.6
Gain on land sales		10.4		—		16.0		—
Changes in market value of Valhi common stock held by subsidiaries		(.2)		(4.9)		2.0		(.9)
Other components of net periodic pension and OPEB expense		(4.3)		(3.2)		(13.2)		(9.8)
General expenses, net		(8.7)		(8.6)		(26.1)		(27.3)
Interest expense		(7.9)		(7.0)		(25.2)		(20.9)
Income before income taxes	$	71.4	$	49.0	$	144.5	$	188.7