Noncontrolling Interest in Subsidiaries

12 Months Ended

Dec. 31, 2013

Note 13—Noncontrolling interest in subsidiaries:

	December 31,
	2012		2013
	(In millions)
Noncontrolling interest in net assets:
Kronos Worldwide	$	267.0	$	241.9
NL Industries		77.8		74.5
CompX International		13.3		13.6
BMI		—		33.7
Landwell		—		27.8
Total	$	358.1	$	391.5

	Years ended December 31,
	2011		2012		2013
	(In millions)
Noncontrolling interest in net income (loss) of subsidiaries:
Kronos Worldwide	$	62.6	$	42.6	$	(20.3	)
NL Industries		13.9		15.2		(9.4	)
CompX International		1.0		4.5		.8
Total	$	77.5	$	62.3	$	(28.9	)

A portion of the noncontrolling interest in the net income (loss) of subsidiaries in 2011 and 2012 relates to discontinued operations, see Note 3. The changes in our ownership interest in our subsidiaries and the effect on our equity is as follows:

	Years ended December 31,
	2011		2012		2013
	(In millions)
Net income (loss) attributable to Valhi stockholders	$	217.5	$	159.8	$	(98.0	)
Transfers from noncontrolling interest:
Issuance of subsidiary stock		.4		.2		(.4	)
Net income (loss) attributable to Valhi stockholders and change from noncontrolling interest in subsidiaries	$	217.9	$	160.0	$	(98.4	)

See Note 3 for information regarding the sale of Kronos common stock in 2012.

- Definition

The entire disclosure for noncontrolling interest in consolidated subsidiaries, which could include the name of the subsidiary, the ownership percentage held by the parent, the ownership percentage held by the noncontrolling owners, the amount of the noncontrolling interest, the location of this amount on the balance sheet (when not reported separately), an explanation of the increase or decrease in the amount of the noncontrolling interest, the noncontrolling interest share of the net Income or Loss of the subsidiary, the location of this amount on the income statement (when not reported separately), the nature of the noncontrolling interest such as background information and terms, the amount of the noncontrolling interest represented by preferred stock, a description of the preferred stock, and the dividend requirements of the preferred stock.

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