Business Segment Information (Tables)

6 Months Ended

Jun. 30, 2020

Segment Reporting [Abstract]

Holding Percentage of Subsidiaries

Business segment	Entity	% controlled at June 30, 2020
Chemicals	Kronos	80	%
Component products	CompX	86	%
Real estate management and development	BMI and LandWell	63 - 77	%

Segment Operating Performance

	Three months ended						Six months ended
	June 30,						June 30,
	2019			2020			2019			2020
	(In millions)
Net sales:
Chemicals	$	484.5		$	386.0		$	921.0		$	807.0
Component products		33.7			23.8			64.9			56.1
Real estate management and development		10.4			5.2			22.3			11.2
Total net sales	$	528.6		$	415.0		$	1,008.2		$	874.3
Cost of sales:
Chemicals	$	375.4		$	291.1		$	703.1		$	624.5
Component products		22.8			16.4			44.3			38.3
Real estate management and development		7.2			3.5			15.8			7.8
Total cost of sales	$	405.4		$	311.0		$	763.2		$	670.6
Gross margin:
Chemicals	$	109.1		$	94.9		$	217.9		$	182.5
Component products		10.9			7.4			20.6			17.8
Real estate management and development		3.2			1.7			6.5			3.4
Total gross margin	$	123.2		$	104.0		$	245.0		$	203.7
Operating income:
Chemicals	$	50.5		$	35.9		$	103.3		$	82.7
Component products		5.6			2.4			10.0			7.4
Real estate management and development		9.8			1.0			13.0			20.2
Total operating income		65.9			39.3			126.3			110.3
General corporate items:
Securities earnings		3.3			1.0			6.4			2.6
Insurance recoveries		4.7			-			5.0			1.6
Changes in market value of Valhi common stock held by subsidiaries		1.9			(.5	)		3.0			(2.9	)
Other components of net periodic pension expense		(4.1	)		(5.0	)		(8.2	)		(9.7	)
Litigation settlement expense, net		(19.6	)		-			(19.6	)		-
General expenses, net		(10.8	)		(9.0	)		(18.7	)		(17.1	)
Interest expense		(10.1	)		(8.8	)		(20.4	)		(18.5	)
Income before income taxes	$	31.2		$	17.0		$	73.8		$	66.3