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Statement of Cash Flows (USD $)
In Millions, unless otherwise specified
9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Cash flows from operating activities:    
Net income $ 212.9 $ 219.2
Depreciation and amortization 50.3 48.2
Litigation settlement gain (14.7)  
Loss on prepayment of debt 7.2 3.2
Call premium and interest paid on Senior Notes redeemed (6.2) (2.5)
Assets held for sale write-down 0.4 1.1
Reversal of accrued contingent consideration (0.8)  
Benefit plan expense less than cash funding requirements:    
Defined benefit pension expense 0.4 0.2
Other postretirement benefit expense (1.1) (1.3)
Deferred income taxes 37.9 69.3
Net distributions from (contributions to) Ti02manufacturing joint venture (30.1) 2.1
Other, net 0.9 6.5
Change in assets and liabilities:    
Accounts and other receivables, net (53.8) (121.1)
Inventories, net (157.8) (60.7)
Accounts payable and accrued liabilities (36.8) 63.1
Accounts with affiliates 54.1 (2.0)
Income taxes (6.8) 18.8
Other, net (9.8) (23.6)
Net cash provided by operating activities 46.2 220.5
Cash flows from investing activities:    
Capital expenditures (66.0) (91.1)
Capitalized permit costs (2.9) (6.6)
Purchases of:    
Mutual funds   (272.6)
Other marketable securities (5.7) (5.8)
Titanium Metals Corporation ("TIMET") common stock   (30.4)
Proceeds from:    
Disposal of mutual funds 21.1 227.0
Disposal of other marketable securities 8.1 3.6
Sale of business   0.3
Real estate-related litigation settlement 15.6  
Acquisition, net of cash acquired   (4.9)
Change in restricted cash equivalents, net (5.0) 3.4
Other, net 2.7 (8.1)
Net cash used in investing activities (32.1) (185.2)
Indebtedness:    
Borrowings 503.3 119.1
Principal payments (422.6) (278.1)
Deferred financing costs paid (7.1)  
Valhi cash dividends paid (48.0) (39.6)
Distributions to noncontrolling interest in subsidiaries (13.9) (24.7)
Treasury stock acquired   (9.5)
Other, net   0.3
Net cash provided by (used in) financing activities 11.7 (232.5)
Cash and cash equivalents - net change from:    
Operating, investing and financing activities 25.8 (197.2)
Effect of exchange rate on cash 1.3 0.5
Cash and cash equivalents at beginning of period 96.4 325.1
Cash and cash equivalents at end of period 123.5 128.4
Cash paid for:    
Interest, net of capitalized interest (including call premium paid) 51.3 46.1
Income taxes, net 64.4 48.1
Noncash investing activities:    
Accrual for capital expenditures 8.6 16.9
Accrual for capitalized permit costs $ 1.6 $ 0.7