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Business Segment Information (Tables)

6 Months Ended

Jun. 30, 2012

Business segment information[Abstract]

Holding Percentage of Subsidiaries

Business segment		Entity		% controlled at June 30, 2012
Chemicals		Kronos			80	%
Component products		CompX			87	%
Waste management		WCS			100	%

Segment Operating Performance

		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

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- Definition

A tabular presentation of the information summarizing investments in and advances to majority-owned subsidiaries, other controlled companies, and other affiliates, as prescribed by the SEC. It reflects specified information about ownership, financial results from, and financial position in such entities. Includes the tabular presentations that disaggregate investments in and advances to majority-owned subsidiaries, other controlled companies, and other affiliates.

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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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