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Business Segment Information (Tables)
9 Months Ended
Sep. 30, 2015
Segment Reporting [Abstract]  
Holding Percentage of Subsidiaries

 

Business segment

  

Entity

  

% controlled at
September 30, 2015

 

Chemicals

  

Kronos

  

 80

Component products

  

CompX

  

 87

Waste management

  

WCS

  

 100

Real estate management and development

 

BMI and LandWell

 

63% - 77

%

 

Segment Operating Performance

 

 

Three months ended
September 30,

 

 

Nine months ended
September 30,

 

 

 

2014

 

 

 

2015

 

 

2014

 

 

2015

 

 

(unaudited)

 

 

(In millions)

 

Net sales:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Chemicals

$

414.8

 

 

$

336.5

 

 

$

1,278.4

 

 

$

1,061.8

 

Component products

 

26.5

 

 

 

26.5

 

 

 

79.1

 

 

 

83.3

 

Waste management

 

24.5

 

 

 

9.9

 

 

 

43.4

 

 

 

34.9

 

Real estate management and development

 

10.7

 

 

 

10.3

 

 

 

29.7

 

 

 

28.1

 

Total net sales

$

476.5

 

 

$

383.2

 

 

$

1,430.6

 

 

$

1,208.1

 

Cost of sales:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Chemicals

$

319.7

 

 

$

293.7

 

 

$

1,010.2

 

 

$

896.1

 

Component products

 

18.3

 

 

 

18.4

 

 

 

54.6

 

 

 

57.5

 

Waste management

 

12.8

 

 

 

13.3

 

 

 

35.4

 

 

 

37.8

 

Real estate management and development

 

9.9

 

 

 

8.0

 

 

 

24.6

 

 

 

21.3

 

Total cost of sales

$

360.7

 

 

$

333.4

 

 

$

1,124.8

 

 

$

1,012.7

 

Gross margin:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Chemicals

$

95.1

 

 

$

42.8

 

 

$

268.2

 

 

$

165.7

 

Component products

 

8.2

 

 

 

8.1

 

 

 

24.5

 

 

 

25.8

 

Waste management

 

11.7

 

 

 

(3.4

)

 

 

8.0

 

 

 

(2.9

)

Real estate management and development

 

.8

 

 

 

2.3

 

 

 

5.1

 

 

 

6.8

 

Total gross margin

$

115.8

 

 

$

49.8

 

 

$

305.8

 

 

$

195.4

 

Operating income (loss):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Chemicals

$

49.7

 

 

$

(1.3

)

 

$

123.6

 

 

$

24.8

 

Component products

 

3.4

 

 

 

3.4

 

 

 

10.6

 

 

 

11.4

 

Waste management

 

6.9

 

 

 

(8.3

)

 

 

(6.6

)

 

 

(19.3

)

Real estate management and development

 

.2

 

 

 

1.2

 

 

 

2.1

 

 

 

2.6

 

Total operating income (loss)

 

60.2

 

 

 

(5.0

)

 

 

129.7

 

 

 

19.5

 

General corporate items:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Securities earnings

 

6.9

 

 

 

6.5

 

 

 

20.3

 

 

 

19.9

 

Insurance recoveries

 

8.8

 

 

 

.1

 

 

 

10.0

 

 

 

3.5

 

General expenses, net

 

(8.8

)

 

 

(10.0

)

 

 

(31.0

)

 

 

(29.4

)

Interest expense

 

(13.8

)

 

 

(14.4

)

 

 

(42.1

)

 

 

(43.5

)

Income (loss) before income taxes

$

53.3

 

 

$

(22.8

)

 

$

86.9

 

 

$

(30.0

)