Business and Geographic Segments (Tables)

12 Months Ended

Dec. 31, 2019

Segment Reporting [Abstract]

Holding Percentage of Subsidiaries

Business segment	Entity	% controlled at December 31 2019
Chemicals	Kronos	80	%
Component products	CompX	86	%
Real estate management and development	BMI and LandWell	63% - 77	%

Segment Operating Performance

	Years ended December 31,
	2017			2018			2019
	(In millions)
Net sales:
Chemicals	$	1,729.0		$	1,661.9		$	1,731.2
Component products		112.0			118.2			124.2
Real estate management and development		38.4			40.0			42.1
Total net sales	$	1,879.4		$	1,820.1		$	1,897.5
Cost of sales:
Chemicals	$	1,161.2		$	1,101.7		$	1,346.8
Component products		77.2			79.9			85.3
Real estate management and development		28.1			29.3			30.8
Total cost of sales	$	1,266.5		$	1,210.9		$	1,462.9
Gross margin:
Chemicals	$	567.8		$	560.2		$	384.4
Component products		34.8			38.3			38.9
Real estate management and development		10.3			10.7			11.3
Total gross margin	$	612.9		$	609.2		$	434.6
Operating income:
Chemicals	$	358.5		$	342.9		$	160.1
Component products		15.2			17.8			17.8
Real estate management and development		6.6			10.0			14.8
Total operating income		380.3			370.7			192.7
General corporate items:
Securities earnings		29.5			38.5			11.2
Insurance recoveries		.4			1.3			7.7
Gain on land sales		-			12.5			4.4
Gain on sale of business		-			-			3.0
Other components of net periodic pension expense		(17.7	)		(14.5	)		(16.5	)
Litigation settlement expense, net		-			(62.0	)		(19.3	)
Changes in market value of Valhi common stock held   by subsidiaries		-			(12.2	)		(.2	)
General expenses, net		(34.7	)		(42.4	)		(37.5	)
Loss on prepayment of debt		(7.1	)		-			-
Interest expense		(58.9	)		(55.7	)		(40.8	)
Income from continuing operations   before income taxes	$	291.8		$	236.2		$	104.7

	Years ended December 31,
	2017		2018		2019
	(In millions)
Depreciation and amortization:
Chemicals	$	43.4	$	52.0	$	50.2
Component products		3.7		3.5		3.7
Waste management(1)		8.9		-		-
Real estate management and development		3.0		2.9		2.9
Total	$	59.0	$	58.4	$	56.8
Capital expenditures:
Chemicals	$	64.3	$	56.3	$	55.1
Component products		2.8		3.1		3.2
Waste management(1)		.9		.1		-
Real estate management and development		3.3		1.9		1.6
Total	$	71.3	$	61.4	$	59.9

Total Assets Held by Business Segments

	December 31,
	2017		2018		2019
	(In millions)
Total assets:
Operating segments:
Chemicals	$	2,190.5	$	2,266.6	$	2,331.8
Component products		104.9		120.4		132.5
Waste management(1)		52.0		-		-
Real estate management and development		206.9		218.5		191.6
Corporate and eliminations		353.2		104.1		138.5
Total	$	2,907.5	$	2,709.6	$	2,794.4

 ⁽¹⁾Denotes discontinued operations

Net Sales by Point of Origin and Point of Destination

	Years ended December 31,
	2017			2018			2019
	(In millions)
Net sales - point of origin:
United States	$	992.3		$	997.6		$	1,164.8
Germany		918.6			886.1			883.6
Canada		309.2			307.2			328.7
Belgium		279.9			272.2			270.7
Norway		216.4			209.6			192.2
Eliminations		(837.0	)		(852.6	)		(942.5	)
Total	$	1,879.4		$	1,820.1		$	1,897.5
Net sales - point of destination:
North America	$	668.3		$	698.7		$	740.1
Europe		899.2			817.6			824.2
Asia and other		311.9			303.8			333.2
Total	$	1,879.4		$	1,820.1		$	1,897.5

Net Property and Equipment by Segment

	December 31,
	2017		2018		2019
	(In millions)
Net property and equipment:
United States	$	80.8	$	74.5	$	72.0
Germany		259.2		245.8		233.6
Canada		69.0		66.1		73.1
Norway		81.7		81.0		87.9
Belgium		98.0		96.1		96.4
Total	$	588.7	$	563.5	$	563.0