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Noncontrolling Interest In Subsidiaries

12 Months Ended

Dec. 31, 2011

Noncontrolling Interest In Subsidiaries [Abstract]

Noncontrolling Interest In Subsidiaries

Note 13—Noncontrolling interest in subsidiaries:

		December 31,
		2010				2011
		(In millions)
Noncontrolling interest in net assets:
Kronos Worldwide		$	208.7			$	240.2
NL Industries			56.8				84.6
CompX International			10.9				11.0
Total		$	276.4			$	335.8

		Years ended December 31,
		2009				2010				2011
		(In millions)
Noncontrolling interest in net income (loss) of subsidiaries:
Kronos Worldwide		$	(1.7	)		$	9.8			$	62.6
NL Industries			(1.9	)			3.3				13.9
CompX International			(.3	)			.4				1.0
Total		$	(3.9	)		$	13.5			$	77.5

The changes in our ownership interest in our subsidiaries and the effect on our equity is as follows:

		Years ended December 31,
		2009				2011				2011
		(In millions)
Net income (loss) attributable to Valhi Stockholders		$	(34.2	)		$	50.3			$	217.5
Transfers (to) from noncontrolling interest:
Increase in additional paid-in capital for purchase of 14,000 shares of Kronos common stock			.2				—				—
Issuance of subsidiary stock			.1				87.8				.4
Net transfers from noncontrolling interest			.3				87.8				.4
Net income (loss) attributable to Valhi stockholders and change from noncontrolling interest in subsidiaries		$	(33.9	)		$	138.1			$	217.9

See Note 3 for information regarding the sale of Kronos common stock in 2010.

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- Definition

The entire disclosure for noncontrolling interest in consolidated subsidiaries, which could include the name of the subsidiary, the ownership percentage held by the parent, the ownership percentage held by the noncontrolling owners, the amount of the noncontrolling interest, the location of this amount on the balance sheet (when not reported separately), an explanation of the increase or decrease in the amount of the noncontrolling interest, the noncontrolling interest share of the net Income or Loss of the subsidiary, the location of this amount on the income statement (when not reported separately), the nature of the noncontrolling interest such as background information and terms, the amount of the noncontrolling interest represented by preferred stock, a description of the preferred stock, and the dividend requirements of the preferred stock.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.31)

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682



Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 810

-SubTopic 10

-Section 50

-Paragraph 1A

-URI http://asc.fasb.org/extlink&oid=6921930&loc=SL4573702-111684



Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher AICPA

-Name Accounting Research Bulletin (ARB)

-Number 51

-Paragraph 38

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

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