Business and Geographic Segments (Tables)

6 Months Ended

Jun. 30, 2023

Segment Reporting [Abstract]

Holding Percentage of Subsidiaries

		% controlled at
Business segment	Entity	June 30, 2023
Chemicals	Kronos	81%
Component products	CompX	87%
Real estate management and development	BMI and LandWell	63% - 77%

Segment Operating Performance

	Three months ended				Six months ended
	June 30,				June 30,
	2022		2023		2022		2023
	(In millions)
Net sales:
Chemicals	$	565.3	$	443.2	$	1,128.2	$	869.5
Component products		41.6		36.6		83.7		77.8
Real estate management and development		27.7		27.3		51.7		52.5
Total net sales	$	634.6	$	507.1	$	1,263.6	$	999.8
Cost of sales:
Chemicals	$	445.1	$	399.4	$	859.0	$	795.2
Component products		28.0		26.3		58.0		54.8
Real estate management and development		14.8		15.9		29.2		30.2
Total cost of sales	$	487.9	$	441.6	$	946.2	$	880.2
Gross margin:
Chemicals	$	120.2	$	43.8	$	269.2	$	74.3
Component products		13.6		10.3		25.7		23.0
Real estate management and development		12.9		11.4		22.5		22.3
Total gross margin	$	146.7	$	65.5	$	317.4	$	119.6
Operating income (loss):
Chemicals	$	69.2	$	(2.6)	$	155.6	$	(17.7)
Component products		7.7		4.4		14.0		11.4
Real estate management and development		(5.0)		10.2		3.0		20.8
Total operating income		71.9		12.0		172.6		14.5
General corporate items:
Interest income and other		1.4		4.7		2.3		9.6
Gain on land sales		—		1.5		—		1.5
Other components of net periodic pension and OPEB expense		(3.3)		(7.5)		(6.6)		(8.7)
Changes in market value of Valhi common stock held by subsidiaries		3.9		(1.1)		4.0		(2.2)
General expenses, net		(10.5)		(9.5)		(18.7)		(17.4)
Interest expense		(7.0)		(7.2)		(13.9)		(14.2)
Income (loss) before income taxes	$	56.4	$	(7.1)	$	139.7	$	(16.9)