XML 37 R8.htm IDEA: XBRL DOCUMENT
v2.4.0.6

Business Segment Information | 6 Months Ended
--- | ---
Jun. 30, 2012
Business segment information[Abstract] |
Business segment information | Note 2 – Business segment information:
Business segment |  | Entity |  | % controlled at June 30, 2012 |
Chemicals |  | Kronos |  |  | 80 | %
Component products |  | CompX |  |  | 87 | %
Waste management |  | WCS |  |  | 100 | %
Our control of Kronos includes 50% we hold directly and 30% held directly by NL. We own 83% of NL. Our control of CompX is through NL.
|  | Three months ended June 30, |  |  | Six months ended June 30, |
|  | 2011 |  |  | 2012 |  |  | 2011 |  |  | 2012 |
|  | (In millions) |
Net sales: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Chemicals |  | $ | 537.6 |  |  | $ | 545.3 |  |  | $ | 958.0 |  |  | $ | 1,106.6 |
Component products |  |  | 35.2 |  |  |  | 37.6 |  |  |  | 70.0 |  |  |  | 73.1 |
Waste management |  |  | .3 |  |  |  | .9 |  |  |  | .8 |  |  |  | 2.0 |
Total net sales |  | $ | 573.1 |  |  | $ | 583.8 |  |  | $ | 1,028.8 |  |  | $ | 1,181.7 |
Cost of sales: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Chemicals |  | $ | 341.2 |  |  | $ | 382.6 |  |  | $ | 615.8 |  |  | $ | 683.0 |
Component products |  |  | 25.4 |  |  |  | 27.6 |  |  |  | 51.5 |  |  |  | 53.6 |
Waste management |  |  | 5.8 |  |  |  | 8.1 |  |  |  | 11.9 |  |  |  | 15.7 |
Total cost of sales |  | $ | 372.4 |  |  | $ | 418.3 |  |  | $ | 679.2 |  |  | $ | 752.3 |
Gross margin: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Chemicals |  | $ | 196.4 |  |  | $ | 162.7 |  |  | $ | 342.2 |  |  | $ | 423.6 |
Component products |  |  | 9.8 |  |  |  | 10.0 |  |  |  | 18.5 |  |  |  | 19.5 |
Waste management |  |  | (5.5 | ) |  |  | (7.2 | ) |  |  | (11.1 | ) |  |  | (13.7 | )
Total gross margin |  | $ | 200.7 |  |  | $ | 165.5 |  |  | $ | 349.6 |  |  | $ | 429.4 |
Operating income (loss): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Chemicals |  | $ | 145.9 |  |  | $ | 112.4 |  |  | $ | 249.4 |  |  | $ | 323.7 |
Component products |  |  | 3.1 |  |  |  | 3.9 |  |  |  | 11.9 |  |  |  | 6.8 |
Waste management |  |  | (9.2 | ) |  |  | (11.3 | ) |  |  | (18.2 | ) |  |  | (20.9 | )
Total operating income |  |  | 139.8 |  |  |  | 105.0 |  |  |  | 243.1 |  |  |  | 309.6 |
Equity in earnings of investee |  |  | (.1 | ) |  |  | (.1 | ) |  |  | (.2 | ) |  |  | — |
General corporate items: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Securities earnings |  |  | 7.4 |  |  |  | 7.1 |  |  |  | 14.8 |  |  |  | 14.2 |
Insurance recoveries |  |  | .1 |  |  |  | .3 |  |  |  | .5 |  |  |  | 1.4 |
Litigation settlement gain |  |  | — |  |  |  | 14.7 |  |  |  | — |  |  |  | 14.7 |
General expenses, net |  |  | (16.8 | ) |  |  | (9.2 | ) |  |  | (23.4 | ) |  |  | (29.5 | )
Loss on prepayment of debt |  |  | — |  |  |  | (7.2 | ) |  |  | (3.3 | ) |  |  | (7.2 | )
Interest expense |  |  | (15.9 | ) |  |  | (14.4 | ) |  |  | (33.1 | ) |  |  | (27.9 | )
Income before income taxes |  | $ | 114.5 |  |  | $ | 96.2 |  |  | $ | 198.4 |  |  | $ | 275.3 |
Segment results we report may differ from amounts separately reported by our various subsidiaries and affiliates due to purchase accounting adjustments and related amortization or differences in the way we define operating income. Intersegment sales are not material. We received approximately $7.5 million for a patent litigation settlement in the first quarter of 2011, which is included in the determination of Component Products operating income, see Note 11.

X
- Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 131 -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 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599 Reference 15: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration