Business and Geographic Segments (Tables)

12 Months Ended

Dec. 31, 2014

Segment Reporting [Abstract]

Holding Percentage of Subsidiaries

Business segment	Entity	% controlled at December 31, 2014
Chemicals	Kronos		80	%
Component products	CompX		87	%
Waste management	WCS		100	%
Real estate management and development	BMI and LandWell		63% - 77	%

Segment Operating Performance

	Years ended December 31,
	2012			2013			2014
	(In millions)
Net sales:
Chemicals	$	1,976.3		$	1,732.4		$	1,651.9
Component products		83.2			92.0			103.9
Waste management		27.8			39.2			66.5
Real estate management and development		—			—			40.3
Total net sales	$	2,087.3		$	1,863.6		$	1,862.6
Cost of sales:
Chemicals	$	1,418.2		$	1,622.6		$	1,304.6
Component products		58.9			64.5			71.6
Waste management		35.0			42.3			49.7
Real estate management and development		—			—			33.9
Total cost of sales	$	1,512.1		$	1,729.4		$	1,459.8
Gross margin:
Chemicals	$	558.1		$	109.8		$	347.3
Component products		24.3			27.5			32.3
Waste management		(7.2	)		(3.1	)		16.8
Real estate management and development		—			—			6.4
Total gross margin	$	575.2		$	134.2		$	402.8
Operating income (loss):
Chemicals	$	366.8		$	(125.4	)	$	156.8
Component products		5.4			9.3			13.6
Waste management		(26.8	)		(22.6	)		(2.2	)
Real estate management and development		—			—			2.0
Total operating income (loss)		345.4			(138.7	)		170.2
Equity in earnings of investee		(.2	)		.5			—
General corporate items:
Securities earnings		50.2			26.6			26.9
Insurance recoveries		3.3			9.4			10.4
Litigation settlement gain		14.7			—			—
Gain on sale of excess property		3.2			—			—
Goodwill impairment		(6.4	)		—			—
Gain on bargain purchase and remeasurement of our existing investment in acquiree		—			54.6			—
General expenses, net		(45.3	)		(105.3	)		(38.8	)
Loss on prepayment of debt, net		(7.2	)		(8.9	)		—
Interest expense		(56.3	)		(56.1	)		(56.7	)
Income (loss) from continuing operations before income taxes	$	301.4		$	(217.9	)	$	112.0

	Years ended December 31,
	2012		2013		2014
	(In millions)
Depreciation and amortization:
Chemicals	$	50.4	$	52.8	$	51.9
Component products*		5.8		3.3		3.5
Waste management		13.2		18.4		20.3
Real estate management and development		—		—		2.7
Total	$	69.4	$	74.5	$	78.4
Capital expenditures:
Chemicals	$	74.9	$	67.6	$	61.3
Component products*		4.3		3.5		2.8
Waste management		19.6		3.5		4.5
Real estate management and development		—		—		4.0
Corporate		—		—		.1
Total	$	98.8	$	74.6	$	72.7

* Includes discontinued operations for 2012, see Note 3.

Total Assets Held by Business Segments

	December 31,
	2012		2013		2014
	(In millions)
Total assets:
Operating segments:
Chemicals	$	2,401.1	$	1,984.8	$	2,016.0
Component products		82.3		83.1		85.5
Waste management		265.0		270.1		257.7
Real estate management and development		—		253.7		246.3
Joint venture accounted for by the equity method		16.2		—		—
Corporate and eliminations		405.9		375.5		361.7
Total	$	3,170.5	$	2,967.2	$	2,967.2

Net Sales by Point of Origin and Point of Destination

	Years ended December 31,
	2012			2013			2014
	(In millions)
Net sales—point of origin:
United States	$	1,153.8		$	961.5		$	993.7
Germany		977.7			915.8			844.1
Canada		339.1			246.5			252.3
Belgium		272.9			254.6			249.3
Norway		284.0			261.3			256.8
Eliminations		(940.2	)		(776.1	)		(733.6	)
Total	$	2,087.3		$	1,863.6		$	1,862.6
Net sales—point of destination:
North America	$	760.7		$	690.5		$	753.2
Europe		1,011.4			905.0			883.6
Asia and other		315.2			268.1			225.8
Total	$	2,087.3		$	1,863.6		$	1,862.6

Net Property and Equipment by Segment

	December 31,
	2012		2013		2014
	(In millions)
Net property and equipment:
United States	$	211.9	$	232.8	$	234.4
Germany		271.2		292.9		259.5
Canada		73.0		67.1		63.4
Norway		109.5		100.9		85.5
Belgium		97.5		102.7		90.8
Total	$	763.1	$	796.4	$	733.6