Business Segment Information (Tables)

3 Months Ended

Mar. 31, 2015

Business segment	Entity	% controlled at March 31, 2015
Chemicals	Kronos	80	%
Component products	CompX	87	%
Waste management	WCS	100	%
Real estate management and development	BMI and LandWell	63% - 77	%

Segment Operating Performance

	Three months ended March 31,
		2014			2015
	(unaudited)
Net sales:
Chemicals	$	420.1		$	365.1
Component products		25.8			27.9
Waste management		7.0			15.0
Real estate management and development		9.5			8.1
Total net sales	$	462.4		$	416.1
Cost of sales:
Chemicals	$	340.2		$	288.2
Component products		18.0			19.3
Waste management		10.7			12.1
Real estate management and development		7.7			7.2
Total cost of sales	$	376.6		$	326.8
Gross margin:
Chemicals	$	79.9		$	76.9
Component products		7.8			8.6
Waste management		(3.7	)		2.9
Real estate management and development		1.8			.9
Total gross margin	$	85.8		$	89.3
Operating income (loss):
Chemicals	$	27.6		$	34.0
Component products		3.3			3.7
Waste management		(8.5	)		(2.9	)
Real estate management and development		.4			(.2	)
Total operating income		22.8			34.6
General corporate items:
Securities earnings		6.8			6.7
Insurance recoveries		.8			3.1
General expenses, net		(8.3	)		(8.2	)
Interest expense		(13.7	)		(14.6	)
Income before income taxes	$	8.4		$	21.6

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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