Business Segment Information (Tables)

3 Months Ended

Mar. 31, 2020

Segment Reporting [Abstract]

Holding Percentage of Subsidiaries

Business segment	Entity	% controlled at March 31, 2020
Chemicals	Kronos	80	%
Component products	CompX	86	%
Real estate management and development	BMI and LandWell	63 – 77	%

Segment Operating Performance

	Three months ended
	March 31,
	2019			2020
	(unaudited)
Net sales:
Chemicals	$	436.5		$	421.0
Component products		31.2			32.3
Real estate management and development		11.9			6.0
Total net sales	$	479.6		$	459.3
Cost of sales:
Chemicals	$	327.7		$	333.3
Component products		21.5			21.9
Real estate management and development		8.6			4.4
Total cost of sales	$	357.8		$	359.6
Gross margin:
Chemicals	$	108.8		$	87.7
Component products		9.7			10.4
Real estate management and development		3.3			1.6
Total gross margin	$	121.8		$	99.7
Operating income:
Chemicals	$	52.8		$	46.8
Component products		4.4			5.0
Real estate management and development		3.2			19.2
Total operating income		60.4			71.0
General corporate items:
Securities earnings		3.1			1.6
Insurance recoveries		.3			1.6
Changes in market value of Valhi common stock held by subsidiaries		1.1			(2.4	)
Other components of net periodic pension expense		(4.1	)		(4.7	)
General expenses, net		(7.9	)		(8.1	)
Interest expense		(10.3	)		(9.7	)
Income before income taxes	$	42.6		$	49.3