Business Segment Information (Tables)

6 Months Ended

Jun. 30, 2013

Holding Percentage of Subsidiaries

Business segment	Entity	%controlledat June30, 2013
Chemicals	Kronos		80	%
Component products	CompX		87	%
Waste management	WCS		100	%

Segment Operating Performance

	Threemonthsended June30,						Six months ended June30,
	2012			2013			2012				2013
	(In millions)
Net sales:
Chemicals	$	545.3		$	481.1		$	1,106.6		$		944.7
Component products		22.1			24.0			42.5				45.5
Waste management		.9			10.9			2.0				25.0
Total net sales	$	568.3		$	516.0		$	1,151.1		$		1,015.2
Cost of sales:
Chemicals	$	382.6		$	472.1		$	683.0		$		932.4
Component products		15.6			16.4			30.0				31.9
Waste management		8.1			10.3			15.7				20.8
Total cost of sales	$	406.3		$	498.8		$	728.7		$		985.1
Gross margin:
Chemicals	$	162.7		$	9.0		$	423.6		$		12.3
Component products		6.5			7.6			12.5				13.6
Waste management		(7.2	)		.6			(13.7	)			4.2
Total gross margin	$	162.0		$	17.2		$	422.4		$		30.1
Operating income (loss):
Chemicals	$	112.4		$	(45.3	)	$	323.7		$		(90.4	)
Component products		2.1			2.9			3.7				4.4
Waste management		(11.3	)		(4.4	)		(20.9	)			(6.0	)
Total operating income (loss)		103.2			(46.8	)		306.5				(92.0	)
Equity in earnings of investees		(.1	)		(.5	)		—				(.8	)
General corporate items:
Securities earnings		7.1			6.7			14.2				13.3
Insurance recoveries		.3			1.0			1.4				1.6
Litigation settlement gain		14.7			—			14.7				—
Loss on prepayment of debt		(7.2	)		—			(7.2	)			(6.6	)
General expenses, net		(9.2	)		(21.6	)		(29.5	)			(31.3	)
Interest expense		(14.3	)		(14.7	)		(27.8	)			(30.1	)
Income (loss) from continuing operations before income taxes	$	94.5		$	(75.9	)	$	272.3		$		(145.9	)