Business Segment Information (Tables)

9 Months Ended

Sep. 30, 2021

Segment Reporting [Abstract]

Holding Percentage of Subsidiaries

Business segment	Entity	% controlled at September 30, 2021
Chemicals	Kronos	80	%
Component products	CompX	87	%
Real estate management and development	BMI and LandWell	63% - 77	%

Segment Operating Performance

	Three months ended						Nine months ended
	September 30,						September 30,
	2020			2021			2020			2021
	(In millions)
Net sales:
Chemicals	$	416.9		$	499.8		$	1,223.9		$	1,443.4
Component products		28.4			34.5			84.5			106.7
Real estate management and development		13.3			44.6			24.5			63.1
Total net sales	$	458.6		$	578.9		$	1,332.9		$	1,613.2
Cost of sales:
Chemicals	$	337.3		$	377.1		$	961.8		$	1,116.7
Component products		21.1			23.6			59.4			73.4
Real estate management and development		10.5			25.5			18.3			36.5
Total cost of sales	$	368.9		$	426.2		$	1,039.5		$	1,226.6
Gross margin:
Chemicals	$	79.6		$	122.7		$	262.1		$	326.7
Component products		7.3			10.9			25.1			33.3
Real estate management and development		2.8			19.1			6.2			26.6
Total gross margin	$	89.7		$	152.7		$	293.4		$	386.6
Operating income:
Chemicals	$	21.6		$	60.3		$	104.3		$	145.4
Component products		2.1			5.1			9.5			16.7
Real estate management and development		5.2			15.8			25.4			26.0
Total operating income		28.9			81.2			139.2			188.1
General corporate items:
Securities earnings		.9			.9			3.5			2.9
Insurance recoveries		-			-			1.6			-
Gain on land and related sales		-			10.4			.5			16.0
Changes in market value of Valhi common stock held by subsidiaries		.7			(.2	)		(2.2	)		2.0
Other components of net periodic pension and OPEB expense		(5.2	)		(4.3	)		(14.9	)		(13.2	)
General expenses, net		(8.4	)		(8.7	)		(26.0	)		(26.1	)
Interest expense		(8.9	)		(7.9	)		(27.4	)		(25.2	)
Income before income taxes	$	8.0		$	71.4		$	74.3		$	144.5