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Business and geographic segments (Tables) | 12 Months Ended
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Dec. 31, 2012
Holding Percentage of Subsidiaries |
Business segment |  | Entity |  | % controlled at December 31, 2012
Chemicals |  | Kronos |  | 80%
Component products |  | CompX |  | 87%
Waste management |  | WCS |  | 100%
Segment Operating Performance |
|  | Years ended December 31, |
|  | 2010 |  |  | 2011 |  |  | 2012 |
|  | (In millions) |
Net sales: |  |  |  |  |  |  |  |  |  |  |  |
Chemicals |  | $ | 1,449.7 |  |  | $ | 1,943.3 |  |  | $ | 1,976.3 |
Component products |  |  | 76.1 |  |  |  | 79.8 |  |  |  | 83.2 |
Waste management |  |  | 7.7 |  |  |  | 2.0 |  |  |  | 27.8 |
Total net sales |  | $ | 1,533.5 |  |  | $ | 2,025.1 |  |  | $ | 2,087.3 |
Cost of sales: |  |  |  |  |  |  |  |  |  |  |  |
Chemicals |  | $ | 1,106.7 |  |  | $ | 1,197.5 |  |  | $ | 1,418.2 |
Component products |  |  | 53.7 |  |  |  | 55.6 |  |  |  | 58.9 |
Waste management |  |  | 23.9 |  |  |  | 25.3 |  |  |  | 35.0 |
Total cost of sales |  | $ | 1,184.3 |  |  | $ | 1,278.4 |  |  | $ | 1,512.1 |
Gross margin: |  |  |  |  |  |  |  |  |  |  |  |
Chemicals |  | $ | 343.0 |  |  | $ | 745.8 |  |  | $ | 558.1 |
Component products |  |  | 22.4 |  |  |  | 24.2 |  |  |  | 24.3 |
Waste management |  |  | (16.2 | ) |  |  | (23.3 | ) |  |  | (7.2 | )
Total gross margin |  | $ | 349.2 |  |  | $ | 746.7 |  |  | $ | 575.2 |
Operating income (loss): |  |  |  |  |  |  |  |  |  |  |  |
Chemicals |  | $ | 183.2 |  |  | $ | 553.0 |  |  | $ | 366.8 |
Component products |  |  | 5.9 |  |  |  | 6.4 |  |  |  | 5.4 |
Waste management |  |  | (30.8 | ) |  |  | (38.0 | ) |  |  | (26.8 | )
Total operating income |  |  | 158.3 |  |  |  | 521.4 |  |  |  | 345.4 |
Equity in earnings of joint venture General corporate items: |  |  | (.4 | ) |  |  | (.5 | ) |  |  | (.2 | )
Securities earnings |  |  | 26.3 |  |  |  | 28.6 |  |  |  | 50.2 |
Insurance recoveries |  |  | 18.8 |  |  |  | 16.9 |  |  |  | 3.3 |
Litigation settlement gains |  |  | 6.3 |  |  |  | — |  |  |  | 14.7 |
Gain on sale of excess property |  |  | — |  |  |  | — |  |  |  | 3.2 |
Litigation settlement expense |  |  | (32.2 | ) |  |  | — |  |  |  | — |
Goodwill impairment |  |  | — |  |  |  | — |  |  |  | (6.4 | )
General expenses, net |  |  | (29.9 | ) |  |  | (40.7 | ) |  |  | (45.3 | )
Loss on prepayment of debt, net |  |  | — |  |  |  | (3.1 | ) |  |  | (7.2 | )
Interest expense |  |  | (68.4 | ) |  |  | (61.8 | ) |  |  | (56.3 | )
Income from continuing operations before income taxes |  | $ | 78.8 |  |  | $ | 460.8 |  |  | $ | 301.4 |
Depreciation and amortization: |  |  |  |  |  |  |  |  |  |  |  |
Chemicals |  | $ | 47.4 |  |  | $ | 50.2 |  |  | $ | 50.4 |
Component products* |  |  | 7.7 |  |  |  | 6.8 |  |  |  | 5.8 |
Waste management |  |  | 7.0 |  |  |  | 6.8 |  |  |  | 13.2 |
Total |  | $ | 62.1 |  |  | $ | 63.8 |  |  | $ | 69.4 |
Capital expenditures: |  |  |  |  |  |  |  |  |  |  |  |
Chemicals |  | $ | 37.7 |  |  | $ | 68.6 |  |  | $ | 74.9 |
Component products* |  |  | 2.1 |  |  |  | 3.2 |  |  |  | 4.3 |
Waste management |  |  | 4.9 |  |  |  | 74.3 |  |  |  | 19.6 |
Corporate |  |  | — |  |  |  | .1 |  |  |  | — |
Total |  | $ | 44.7 |  |  | $ | 146.2 |  |  | $ | 98.8 |
Total Assets Held by Business Segments |
December 31, |
|  | 2010 |  |  | 2011 |  |  | 2012 |
|  | (In millions) |
Total assets: |  |  |  |  |  |  |  |  |  |  |  |
Operating segments: |  |  |  |  |  |  |  |  |  |  |  |
Chemicals |  | $ | 2,101.4 |  |  | $ | 2,189.7 |  |  | $ | 2,401.1 |
Component products** |  |  | 141.5 |  |  |  | 141.4 |  |  |  | 82.3 |
Waste management |  |  | 166.4 |  |  |  | 223.4 |  |  |  | 265.0 |
Joint venture accounted for by the equity method |  |  | 17.0 |  |  |  | 16.5 |  |  |  | 16.2 |
Corporate and eliminations |  |  | 288.0 |  |  |  | 267.0 |  |  |  | 405.9 |
Total |  | $ | 2,714.3 |  |  | $ | 2,838.0 |  |  | $ | 3,170.5 |
* | Includes discontinued operations for 2010, 2011 and 2012, see Note 3.
** | Includes discontinued operations for 2010 and 2011, see Note 3.
Net Sales by Point of Origin and Point of Destination |
Years ended December 31, |
|  | 2010 |  |  | 2011 |  |  | 2012 |
|  | (In millions) |
Net sales—point of origin: |  |  |  |  |  |  |  |  |  |  |  |
United States |  | $ | 648.5 |  |  | $ | 831.4 |  |  | $ | 1,153.8 |
Germany |  |  | 714.2 |  |  |  | 1,039.7 |  |  |  | 977.7 |
Canada |  |  | 245.4 |  |  |  | 301.7 |  |  |  | 339.1 |
Norway |  |  | 188.3 |  |  |  | 245.1 |  |  |  | 284.0 |
Belgium |  |  | 209.1 |  |  |  | 301.8 |  |  |  | 272.9 |
Eliminations |  |  | (472.0 | ) |  |  | (694.6 | ) |  |  | (940.2 | )
Total |  | $ | 1,533.5 |  |  | $ | 2,025.1 |  |  | $ | 2,087.3 |
Net sales—point of destination: |  |  |  |  |  |  |  |  |  |  |  |
North America |  | $ | 499.4 |  |  | $ | 578.2 |  |  | $ | 760.7 |
Europe |  |  | 822.2 |  |  |  | 1,141.3 |  |  |  | 1,011.4 |
Asia and other |  |  | 211.9 |  |  |  | 305.6 |  |  |  | 315.2 |
Total |  | $ | 1,533.5 |  |  | $ | 2,025.1 |  |  | $ | 2,087.3 |
Net Property and Equipment by Segment |
December 31, |
|  | 2010 |  |  | 2011 |  |  | 2012 |
|  | (In millions) |
Net property and equipment: |  |  |  |  |  |  |  |  |  |  |  |
United States** |  | $ | 120.1 |  |  | $ | 189.0 |  |  | $ | 211.9 |
Germany |  |  | 267.8 |  |  |  | 259.6 |  |  |  | 271.2 |
Canada** |  |  | 80.4 |  |  |  | 80.0 |  |  |  | 73.0 |
Norway |  |  | 100.5 |  |  |  | 101.5 |  |  |  | 109.5 |
Belgium |  |  | 69.4 |  |  |  | 86.0 |  |  |  | 97.5 |
Taiwan** |  |  | 7.9 |  |  |  | 7.7 |  |  |  | — |
Total |  | $ | 646.1 |  |  | $ | 723.8 |  |  | $ | 763.1 |
** | Includes discontinued operations for 2010 and 2011, see Note 3.

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