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Financial instruments and fair value measurements (Tables) | 6 Months Ended
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Jun. 30, 2012
Financial instruments and fair value measurements[Abstract] |
Marketable Securities and Financial Instruments on Fair Value Basis |
|  | Fair Value Measurements |
|  | Total |  |  | Quoted Prices in Active Markets (Level 1) |  |  | Significant Other Observable Inputs (Level 2) |  |  | Significant Unobservable Inputs (Level 3) |
|  | (In millions) |
December 31, 2011: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Marketable securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current |  | $ | 22.5 |  |  | $ | 20.9 |  |  | $ | 1.6 |  |  | $ | — |
Noncurrent |  |  | 354.1 |  |  |  | 100.3 |  |  |  | 3.8 |  |  |  | 250.0 |
Currency forward contracts |  |  | (.8 | ) |  |  | (.8 | ) |  |  | — |  |  |  | — |
Contingent consideration |  |  | .7 |  |  |  | — |  |  |  | — |  |  |  | .7 |
June 30, 2012: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Marketable securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current |  | $ | .8 |  |  | $ | — |  |  | $ | .8 |  |  | $ | — |
Noncurrent |  |  | 329.9 |  |  |  | 73.7 |  |  |  | 6.2 |  |  |  | 250.0 |
Currency forward contracts |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Contingent consideration |  |  | .7 |  |  |  | — |  |  |  | — |  |  |  | .7 |
Financial Instruments not Carried at Fair Value |
|  | December 31, 2011 |  |  | June 30,2012 |
|  | Carrying amount |  |  | Fair value |  |  | Carrying amount |  |  | Fair value |
|  | (In millions) |
Cash, cash equivalents and restricted cash Equivalents |  | $ | 109.3 |  |  | $ | 109.3 |  |  | $ | 119.3 |  |  | $ | 119.3 |
Note receivable from Contran |  |  | 11.2 |  |  |  | 11.2 |  |  |  | 11.2 |  |  |  | 11.2 |
Long–term debt (excluding capitalized leases): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Publicly-traded fixed rate debt – KII Senior Secured Notes |  | $ | 360.6 |  |  | $ | 362.6 |  |  | $ | — |  |  | $ | — |
Kronos term loan |  |  | — |  |  |  | — |  |  |  | 394.0 |  |  |  | 394.0 |
Snake River Sugar Company fixed rate loans |  |  | 250.0 |  |  |  | 250.0 |  |  |  | 250.0 |  |  |  | 250.0 |
Kronos variable rate bank credit facility |  |  | — |  |  |  | — |  |  |  | 99.5 |  |  |  | 99.5 |
WCS fixed rate debt |  |  | 82.8 |  |  |  | 82.8 |  |  |  | 82.3 |  |  |  | 82.3 |
CompX variable rate bank credit facility |  |  | 2.0 |  |  |  | 2.0 |  |  |  | 2.0 |  |  |  | 2.0 |
CompX variable rate promissory note |  |  | 22.2 |  |  |  | 22.2 |  |  |  | 21.0 |  |  |  | 21.0 |
NL variable rate promissory note |  |  | 9.0 |  |  |  | 9.0 |  |  |  | 5.1 |  |  |  | 5.1 |
Noncontrolling interest in: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Kronos common stock |  | $ | 240.2 |  |  | $ | 409.4 |  |  | $ | 265.4 |  |  | $ | 358.4 |
NL common stock |  |  | 84.6 |  |  |  | 107.3 |  |  |  | 76.6 |  |  |  | 103.2 |
CompX common stock |  |  | 11.0 |  |  |  | 23.9 |  |  |  | 11.1 |  |  |  | 20.6 |
Valhi stockholders’ equity |  | $ | 657.2 |  |  | $ | 6,835.3 |  |  | $ | 732.2 |  |  | $ | 4,235.5 |

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- Definition Tabular disclosure related to assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a recurring and/or nonrecurring basis in periods after initial recognition. Disclosures include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3) as well as transfers between levels 1 and 2. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 157 -Paragraph 6 -Footnote 4 -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. Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a,b,bb) -URI http://asc.fasb.org/extlink&oid=7578670&loc=d3e19207-110258 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 157 -Paragraph 32 -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. Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2C -URI http://asc.fasb.org/extlink&oid=7578670&loc=SL7498348-110258 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=7578670&loc=d3e19279-110258 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=7578670&loc=d3e19190-110258 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 157 -Paragraph 33 -Subparagraph a, b -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. + Details
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- Definition Represents financial instruments that are not carried at fair value but which require fair value disclosure. + References No definition available. + Details
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