Business Segment Information (Tables)

9 Months Ended

Sep. 30, 2019

Segment Reporting [Abstract]

Holding Percentage of Subsidiaries

Business segment	Entity	% controlled at September 30, 2019
Chemicals	Kronos	80	%
Component products	CompX	86	%
Real estate management and development	BMI and LandWell	63 – 77	%

Segment Operating Performance

	Three months ended						Nine months ended
	September 30,						September 30,
	2018			2019			2018			2019
	(unaudited)
	(In millions)
Net sales:
Chemicals	$	410.3		$	437.4		$	1,312.5		$	1,358.4
Component products		30.0			29.7			90.8			94.6
Real estate management and development		14.9			8.1			28.1			30.5
Total net sales	$	455.2		$	475.2		$	1,431.4		$	1,483.5
Cost of sales:
Chemicals	$	291.7		$	350.3		$	848.3		$	1,053.4
Component products		20.4			20.2			60.5			64.6
Real estate management and development		10.4			6.3			20.6			22.0
Total cost of sales	$	322.5		$	376.8		$	929.4		$	1,140.0
Gross margin:
Chemicals	$	118.6		$	87.1		$	464.2		$	305.0
Component products		9.6			9.5			30.3			30.0
Real estate management and development		4.5			1.8			7.5			8.5
Total gross margin	$	132.7		$	98.4		$	502.0		$	343.5
Operating income:
Chemicals	$	61.0		$	36.3		$	295.2		$	139.6
Component products		4.5			4.3			14.9			14.3
Real estate management and development		3.7			.8			7.9			13.7
Total operating income		69.2			41.4			318.0			167.6
General corporate items:
Securities earnings		19.3			2.6			36.1			9.0
Insurance recoveries		.5			.2			.9			5.2
Gain on land sales		-			4.4			12.5			4.4
Changes in market value of Valhi common stock   held by subsidiaries		(7.1	)		(3.1	)		(11.2	)		(.1	)
Other components of net periodic pension and   OPEB expense		(3.7	)		(4.1	)		(11.2	)		(12.3	)
Litigation settlement expense		-			.3			(62.0	)		(19.3	)
General expenses, net		(7.3	)		(9.5	)		(32.4	)		(28.2	)
Interest expense		(14.0	)		(10.3	)		(45.4	)		(30.7	)
Income from continuing operations before   income taxes	$	56.9		$	21.9		$	205.3		$	95.6