Noncontrolling Interest in Subsidiaries

9 Months Ended

Sep. 30, 2014

Note 14—Noncontrolling interest in subsidiaries:

	December 31, 2013		September 30, 2014
	(In millions)
Noncontrolling interest in net assets:
Kronos	$	241.9	$	234.7
NL		74.5		58.8
CompX		13.6		14.3
BMI		33.7		31.8
LandWell		27.8		25.3
Total	$	391.5	$	364.9

	Nine months ended September 30,
	2013			2014
	(In millions)
Noncontrolling interest in net income (loss) of subsidiaries:
Kronos	$	(20.8	)	$	15.3
NL		(3.8	)		3.9
CompX		.6			.9
BMI		—			.3
LandWell		—			.4
Total	$	(24.0	)	$	20.8

We acquired a controlling interest in BMI and LandWell in December 2013. See Note 3.

- 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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