Stockholders' Equity

3 Months Ended

Mar. 31, 2021

Note 14—Stockholders’ equity:

Accumulated Other Comprehensive Loss – Changes in accumulated other comprehensive income (loss) attributable to Valhi stockholders are presented in the table below.

	Three months ended
	March 31,
	2020			2021
	(In millions)
Accumulated other comprehensive income (loss), net of tax and noncontrolling interest:
Marketable securities:
Balance at beginning of period	$	1.7		$	1.8
Other comprehensive loss - unrealized losses arising during the period		-			-
Balance at end of period	$	1.7		$	1.8
Currency translation adjustment:
Balance at beginning of period	$	(76.8	)	$	(67.4	)
Other comprehensive income (loss)		(27.6	)		1.3
Balance at end of period	$	(104.4	)	$	(66.1	)
Defined benefit pension plans:
Balance at beginning of period	$	(146.6	)	$	(154.1	)
Other comprehensive income - amortization of prior service cost and net losses included in net periodic pension cost		2.3			2.5
Balance at end of period	$	(144.3	)	$	(151.6	)
OPEB plans:
Balance at beginning of period	$	1.0		$	.3
Other comprehensive loss - amortization of prior service credit and net losses included in net periodic OPEB cost		(.2	)		(.2	)
Balance at end of period	$	.8		$	.1
Total accumulated other comprehensive loss:
Balance at beginning of period	$	(220.7	)	$	(219.4	)
Other comprehensive income (loss)		(25.5	)		3.6
Balance at end of period	$	(246.2	)	$	(215.8	)

Preferred stock – As disclosed in Note 16 to our 2020 Annual Report, pursuant to a contribution agreement between us, Contran and a wholly owned subsidiary of Contran, on August 10, 2020, the 5,000 shares of 6% Series A Preferred Stock held by Contran were voluntarily contributed to our capital for no consideration and without the issuance of additional securities by us. Our independent directors approved acceptance of such contribution and entering into the contribution agreement. The contribution had no impact on our consolidated financial position, results of operations or liquidity and the contribution did not have any tax consequences to us. On August 10, 2020, following the contribution of the 6% Series A Preferred Stock to us, we filed a Certificate of Elimination with the Secretary of State of Delaware and, as a result, the 5,000 shares that were designated as 6% Series A Preferred Stock were returned to the status of authorized but unissued shares of the preferred stock, $.01 par value per share, without designation as to series.

Other – During the first three months of 2021, CompX acquired 50,000 shares of its Class A common stock in a market transaction for approximately $.8 million. At March 31, 2021, approximately .6 million shares were available for repurchase under CompX’s prior repurchase authorizations.