Business and Geographic Segments (Tables)

12 Months Ended

Dec. 31, 2020

Segment Reporting [Abstract]

Holding Percentage of Subsidiaries

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

Segment Operating Performance

	Years ended December 31,
	2018			2019			2020
	(In millions)
Net sales:
Chemicals	$	1,661.9		$	1,731.2		$	1,638.8
Component products		118.2			124.2			114.5
Real estate management and development		40.0			42.1			96.4
Total net sales	$	1,820.1		$	1,897.5		$	1,849.7
Cost of sales:
Chemicals	$	1,101.7		$	1,346.8		$	1,291.0
Component products		79.9			85.3			81.7
Real estate management and development		29.3			30.8			64.9
Total cost of sales	$	1,210.9		$	1,462.9		$	1,437.6
Gross margin:
Chemicals	$	560.2		$	384.4		$	347.8
Component products		38.3			38.9			32.8
Real estate management and development		10.7			11.3			31.5
Total gross margin	$	609.2		$	434.6		$	412.1
Operating income:
Chemicals	$	342.9		$	160.1		$	126.5
Component products		17.8			17.8			11.8
Real estate management and development		10.0			14.8			47.8
Total operating income		370.7			192.7			186.1
General corporate items:
Securities earnings		38.5			11.2			4.7
Insurance recoveries		1.3			7.7			1.6
Gain on land sales		12.5			4.4			.5
Gain on sale of business		-			3.0			-
Other components of net periodic pension   and OPEB expense		(14.5	)		(16.5	)		(20.1	)
Litigation settlement expense, net		(62.0	)		(19.3	)		-
Changes in market value of Valhi common stock held   by subsidiaries		(12.2	)		(.2	)		(1.7	)
General expenses, net		(42.4	)		(37.5	)		(34.3	)
Interest expense		(55.7	)		(40.8	)		(36.2	)
Income from continuing operations   before income taxes	$	236.2		$	104.7		$	100.6

	Years ended December 31,
	2018		2019		2020
	(In millions)
Depreciation and amortization:
Chemicals	$	52.0	$	50.2	$	61.9
Component products		3.5		3.7		3.8
Real estate management and development		2.9		2.9		2.8
Total	$	58.4	$	56.8	$	68.5
Capital expenditures:
Chemicals	$	56.3	$	55.1	$	62.8
Component products		3.1		3.2		1.7
Waste management(1)		.1		-		-
Real estate management and development		1.9		1.6		1.0
Total	$	61.4	$	59.9	$	65.5

Total Assets Held by Business Segments

	December 31,
	2018		2019		2020
	(In millions)
Total assets:
Operating segments:
Chemicals	$	2,266.6	$	2,331.8	$	2,400.7
Component products		120.4		132.5		138.0
Real estate management and development		218.5		191.6		171.3
Corporate and eliminations		104.1		138.5		179.3
Total	$	2,709.6	$	2,794.4	$	2,889.3

 ⁽¹⁾Denotes discontinued operations

Net Sales by Point of Origin and Point of Destination

	Years ended December 31,
	2018			2019			2020
	(In millions)
Net sales - point of origin:
United States	$	997.6		$	1,164.8		$	1,189.8
Germany		886.1			883.6			836.0
Canada		307.2			328.7			319.5
Belgium		272.2			270.7			249.5
Norway		209.6			192.2			211.8
Eliminations		(852.6	)		(942.5	)		(956.9	)
Total	$	1,820.1		$	1,897.5		$	1,849.7
Net sales - point of destination:
North America	$	698.7		$	740.1		$	778.2
Europe		817.6			824.2			783.8
Asia and other		303.8			333.2			287.7
Total	$	1,820.1		$	1,897.5		$	1,849.7

Net Property and Equipment by Segment

	December 31,
	2018		2019		2020
	(In millions)
Net property and equipment:
United States	$	74.5	$	72.0	$	67.8
Germany		245.8		233.6		237.5
Canada		66.1		73.1		88.6
Norway		81.0		87.9		88.1
Belgium		96.1		96.4		108.4
Total	$	563.5	$	563.0	$	590.4