Business and Geographic Segments (Tables)

12 Months Ended

Dec. 31, 2022

Segment Reporting [Abstract]

Holding Percentage of Subsidiaries

		% controlled at
Business segment	Entity	December 31, 2022
Chemicals	Kronos	81%
Component products	CompX	87%
Real estate management and development	BMI and LandWell	63% - 77%

Segment Operating Performance

	Years ended December 31,
	2020		2021		2022
	(In millions)
Net sales:
Chemicals	$	1,638.8	$	1,939.4	$	1,930.2
Component products		114.5		140.8		166.6
Real estate management and development		96.4		216.2		125.7
Total net sales	$	1,849.7	$	2,296.4	$	2,222.5
Cost of sales:
Chemicals	$	1,291.0	$	1,494.5	$	1,540.2
Component products		81.7		98.1		117.8
Real estate management and development		64.9		123.6		74.1
Total cost of sales	$	1,437.6	$	1,716.2	$	1,732.1
Gross margin:
Chemicals	$	347.8	$	444.9	$	390.0
Component products		32.8		42.7		48.8
Real estate management and development		31.5		92.6		51.6
Total gross margin	$	412.1	$	580.2	$	490.4
Operating income:
Chemicals	$	126.5	$	200.8	$	174.6
Component products		11.8		20.5		25.4
Real estate management and development		47.8		97.3		39.4
Total operating income		186.1		318.6		239.4
General corporate items:
Interest income and other		4.7		4.0		10.4
Insurance recoveries		1.6		.1		.1
Gain on land sales		.5		16.0		—
Other components of net periodic pension and OPEB expense		(20.1)		(17.0)		(13.9)
Changes in market value of Valhi common stock held by subsidiaries		(1.7)		3.3		(1.6)
General expenses, net		(34.3)		(34.7)		(36.6)
Interest expense		(36.2)		(32.5)		(27.9)
Income from continuing operations before income taxes	$	100.6	$	257.8	$	169.9

	Years ended December 31,
	2020		2021		2022
	(In millions)
Depreciation and amortization:
Chemicals	$	61.9	$	52.8	$	53.1
Component products		3.8		3.8		4.0
Real estate management and development		2.8		2.7		1.4
Total	$	68.5	$	59.3	$	58.5
Capital expenditures:
Chemicals	$	62.8	$	58.6	$	63.2
Component products		1.7		4.1		3.7
Real estate management and development		1.0		1.4		.7
Total	$	65.5	$	64.1	$	67.6

Total Assets Held by Business Segments

	December 31,
	2020		2021		2022
	(In millions)
Total assets:
Operating segments:
Chemicals	$	2,400.7	$	2,373.1	$	2,293.5
Component products		138.0		146.4		131.3
Real estate management and development		171.3		259.3		219.2
Corporate and eliminations		179.3		226.4		191.7
Total	$	2,889.3	$	3,005.2	$	2,835.7

Net Sales by Point of Origin and Point of Destination

	Years ended December 31,
	2020		2021		2022
	(In millions)
Net sales - point of origin:
United States	$	1,189.8	$	1,409.1	$	1,518.9
Germany		836.0		971.7		895.4
Canada		319.5		371.9		389.4
Belgium		249.5		295.7		306.5
Norway		211.8		257.2		273.5
Eliminations		(956.9)		(1,009.2)		(1,161.2)
Total	$	1,849.7	$	2,296.4	$	2,222.5
Net sales - point of destination:
North America	$	778.2	$	999.7	$	985.4
Europe		783.8		945.7		879.0
Asia and other		287.7		351.0		358.1
Total	$	1,849.7	$	2,296.4	$	2,222.5

Net Property and Equipment by Segment

	December 31,
	2020		2021		2022
	(In millions)
Net property and equipment:
United States	$	67.8	$	63.6	$	45.8
Germany		237.5		214.8		204.7
Canada		88.6		91.1		88.3
Belgium		108.4		107.7		101.4
Norway		88.1		86.4		83.6
Total	$	590.4	$	563.6	$	523.8