Equity

9 Months Ended

Sep. 30, 2019

Equity [Abstract]

Equity

Note 15—Equity:

Accumulated Other Comprehensive Income – Changes in accumulated other comprehensive income (loss) attributable to Valhi stockholders for the three and nine months ended September 30, 2018 and 2019 are presented in the table below.

	Three months ended						Nine months ended
	September 30,						September 30,
	2018			2019			2018			2019
	(In millions)
Accumulated other comprehensive income (loss), net of tax    and noncontrolling interest:
Marketable securities:
Balance at beginning of period	$	1.6		$	1.7		$	1.7		$	1.7
Other comprehensive loss - unrealized losses arising   during the period		-			-			(.1	)		-
Balance at end of period	$	1.6		$	1.7		$	1.6		$	1.7
Currency translation adjustment:
Balance at beginning of period	$	(63.6	)	$	(70.9	)	$	(54.1	)	$	(75.6	)
Other comprehensive income (loss)		2.9			(12.6	)		(6.6	)		(7.9	)
Balance at end of period	$	(60.7	)	$	(83.5	)	$	(60.7	)	$	(83.5	)
Defined benefit pension plans:
Balance at beginning of period	$	(125.2	)	$	(130.6	)	$	(129.0	)	$	(134.0	)
Other comprehensive income - amortization of   prior service cost and net losses included in net   periodic pension cost		1.9			1.7			5.7			5.1
Balance at end of period	$	(123.3	)	$	(128.9	)	$	(123.3	)	$	(128.9	)
OPEB plans:
Balance at beginning of period	$	2.0		$	1.3		$	2.4		$	1.7
Other comprehensive loss - amortization    of prior service credit		(.2	)		(.2	)		(.6	)		(.6	)
Balance at end of period	$	1.8		$	1.1		$	1.8		$	1.1
Total accumulated other comprehensive income (loss):
Balance at beginning of period	$	(185.2	)	$	(198.5	)	$	(179.0	)	$	(206.2	)
Other comprehensive income (loss)		4.6			(11.1	)		(1.6	)		(3.4	)
Balance at end of period	$	(180.6	)	$	(209.6	)	$	(180.6	)	$	(209.6	)

See Note 11 for amounts related to our defined benefit pension plans.

Other – During the first nine months of 2019, Kronos acquired approximately 264,992 shares of its common stock in market transactions for an aggregate purchase price of $3.0 million and subsequently cancelled 110,303, representing $1.4 million, of such shares.  At September 30, 2019, 1.7 million shares are available for repurchase under Kronos’ previously authorized stock repurchase program.