Business Segment Information (Tables)

9 Months Ended

Sep. 30, 2020

Segment Reporting [Abstract]

Holding Percentage of Subsidiaries

Business segment	Entity	% controlled at September 30, 2020
Chemicals	Kronos	80	%
Component products	CompX	86	%
Real estate management and development	BMI and LandWell	63 - 77	%

Segment Operating Performance

	Three months ended						Nine months ended
	September 30,						September 30,
	2019			2020			2019			2020
	(In millions)
Net sales:
Chemicals	$	437.4		$	416.9		$	1,358.4		$	1,223.9
Component products		29.7			28.4			94.6			84.5
Real estate management and development		8.1			13.3			30.5			24.5
Total net sales	$	475.2		$	458.6		$	1,483.5		$	1,332.9
Cost of sales:
Chemicals	$	350.3		$	337.3		$	1,053.4		$	961.8
Component products		20.2			21.1			64.6			59.4
Real estate management and development		6.3			10.5			22.0			18.3
Total cost of sales	$	376.8		$	368.9		$	1,140.0		$	1,039.5
Gross margin:
Chemicals	$	87.1		$	79.6		$	305.0		$	262.1
Component products		9.5			7.3			30.0			25.1
Real estate management and development		1.8			2.8			8.5			6.2
Total gross margin	$	98.4		$	89.7		$	343.5		$	293.4
Operating income:
Chemicals	$	36.3		$	21.6		$	139.6		$	104.3
Component products		4.3			2.1			14.3			9.5
Real estate management and development		.8			5.2			13.7			25.4
Total operating income		41.4			28.9			167.6			139.2
General corporate items:
Securities earnings		2.6			.9			9.0			3.5
Insurance recoveries		.2			-			5.2			1.6
Gain on land sales		4.4			-			4.4			-
Changes in market value of Valhi common stock held by subsidiaries		(3.1	)		.7			(.1	)		(2.2	)
Other components of net periodic pension expense		(4.1	)		(5.2	)		(12.3	)		(14.9	)
Litigation settlement expense, net		.3			-			(19.3	)		-
General expenses, net		(9.5	)		(8.4	)		(28.2	)		(25.5	)
Interest expense		(10.3	)		(8.9	)		(30.7	)		(27.4	)
Income before income taxes	$	21.9		$	8.0		$	95.6		$	74.3