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Accounts Payable and Accrued Liabilities
3 Months Ended
Mar. 31, 2016
Payables And Accruals [Abstract]  
Accounts Payable and Accrued Liabilities

Note 8—Accounts payable and accrued liabilities:

 

 

December 31,
2015

 

 

March 31,
2016

 

 

(In millions)

 

Accounts payable:

 

 

 

 

 

 

 

Kronos

$

96.1

 

 

$

93.5

 

CompX

 

2.7

 

 

 

3.0

 

WCS

 

1.3

 

 

 

.8

 

BMI and LandWell

 

2.1

 

 

 

1.6

 

Other

 

2.6

 

 

 

2.9

 

Payable to affiliates:

 

 

 

 

 

 

 

Contran – trade items

 

26.1

 

 

 

27.4

 

LPC – trade items

 

19.4

 

 

 

14.5

 

Employee benefits

 

24.7

 

 

 

22.6

 

Deferred income

 

21.8

 

 

 

17.5

 

Accrued sales discounts and rebates

 

23.9

 

 

 

23.9

 

Environmental remediation and related costs

 

11.7

 

 

 

14.4

 

Accrued workforce reduction costs

 

5.3

 

 

 

4.8

 

Interest rate swap

 

3.3

 

 

 

3.4

 

Other

 

30.4

 

 

 

29.5

 

Total

$

271.4

 

 

$

259.8

 

 

 

 

 

 

 

 

 

 

During the first quarter of 2016, Kronos made an aggregate of $.6 million in payments with respect to workforce reduction costs accrued as of December 31, 2015.    See Note 17 for a discussion of the interest rate swap contract.