Stockholders' Equity

3 Months Ended

Mar. 31, 2023

Equity [Abstract]

Stockholders' Equity

Note 15 – 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,
	2022		2023
	(In millions)
Accumulated other comprehensive income (loss) (net of tax and   noncontrolling interest):
Marketable securities:
Balance at beginning of period	$	1.7	$	1.6
Other comprehensive income:
Unrealized gain arising during the period		—		—
Balance at end of period	$	1.7	$	1.6
Currency translation:
Balance at beginning of period	$	(72.2)	$	(91.5)
Other comprehensive gain (loss) arising during the period		4.2		(4.5)
Balance at end of period	$	(68.0)	$	(96.0)
Defined benefit pension plans:
Balance at beginning of period	$	(120.9)	$	(55.0)
Other comprehensive income:
Amortization of prior service cost and net losses   included in net periodic pension cost		1.8		.6
Balance at end of period	$	(119.1)	$	(54.4)
OPEB plans:
Balance at beginning of period	$	.1	$	1.0
Other comprehensive income:
Amortization of prior service credit and net losses    included in net periodic OPEB cost		(.1)		(.2)
Balance at end of period	$	—	$	.8
Total accumulated other comprehensive loss:
Balance at beginning of period	$	(191.3)	$	(143.9)
Other comprehensive income (loss)		5.9		(4.1)
Balance at end of period	$	(185.4)	$	(148.0)

Other – During the first quarter of 2022, Kronos acquired 73,881 shares of its common stock in market transactions for an aggregate purchase price of $1.1 million. During the first quarter of 2023, Kronos acquired 159,796 shares of its common stock in market transactions for an aggregate purchase price of $1.4 million. At March 31, 2023, approximately 1.2 million shares were available for repurchase under Kronos’ stock repurchase program.