Business Segment Information (Tables)

9 Months Ended

Sep. 30, 2018

Segment Reporting [Abstract]

Holding Percentage of Subsidiaries

Business segment	Entity	% controlled at September 30, 2018
Chemicals	Kronos	80	%
Component products	CompX	87	%
Real estate management and development	BMI and LandWell	63% - 77	%

Segment Operating Performance

	Three months ended September 30,						Nine months ended September 30,
	2017			2018			2017			2018
	(unaudited)
	(In millions)
Net sales:
Chemicals	$	464.5		$	410.3		$	1,275.7		$	1,312.5
Component products		26.9			30.0			86.9			90.8
Real estate management and development		5.1			14.9			21.0			28.1
Total net sales	$	496.5		$	455.2		$	1,383.6		$	1,431.4
Cost of sales:
Chemicals	$	309.9		$	291.7		$	883.7		$	848.3
Component products		18.8			20.4			59.6			60.5
Real estate management and development		3.4			10.4			15.5			20.6
Total cost of sales	$	332.1		$	322.5		$	958.8		$	929.4
Gross margin:
Chemicals	$	154.6		$	118.6		$	392.0		$	464.2
Component products		8.1			9.6			27.3			30.3
Real estate management and development		1.7			4.5			5.5			7.5
Total gross margin	$	164.4		$	132.7		$	424.8		$	502.0
Operating income:
Chemicals	$	98.4		$	61.0		$	234.7		$	295.2
Component products		3.4			4.5			12.5			14.9
Real estate management and development		1.3			3.7			3.1			7.9
Total operating income		103.1			69.2			250.3			318.0
General corporate items:
Securities earnings		7.5			19.3			21.6			36.1
Insurance recoveries		.1			.5			.2			.9
Gain on land sales		—			—			—			12.5
Other components of net periodic pension and OPEB expense		(4.5	)		(3.7	)		(12.9	)		(11.2	)
Litigation expense		—			—			—			(62.0	)
Loss on prepayment of debt		(7.1	)		—			(7.1	)		—
General expenses, net		(7.2	)		(14.4	)		(26.4	)		(43.6	)
Interest expense		(15.0	)		(14.0	)		(44.2	)		(45.4	)
Income from continuing operations before income taxes	$	76.9		$	56.9		$	181.5		$	205.3