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Financial instruments: (Tables) | 12 Months Ended
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Dec. 31, 2012
Fair Value Measurements of financial instruments | The following table summarizes the valuation of our short-term investments and financial instruments by the ASC Topic 820 categories as of December 31, 2011 and 2012:
|  | Fair Value Measurements |
|  | Total |  |  | Quoted Prices in Active Markets (Level 1) |  |  | Significant Other Observable Inputs (Level 2) |  |  | Significant Unobservable Inputs (Level 3) |
|  | (In millions) |
Asset (liability) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
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 | ) |  |  | — |  |  |  | — |
December 31, 2012: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Marketable securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current |  | $ | .9 |  |  | $ | — |  |  | $ | .9 |  |  | $ | — |
Noncurrent |  |  | 256.8 |  |  |  | 3.5 |  |  |  | 3.3 |  |  |  | 250.0 |
Currency forward contracts |  |  | 1.8 |  |  |  | 1.8 |  |  |  | — |  |  |  | — |
Financial Instruments not Carried at Fair Value | The following table presents the financial instruments that are not carried at fair value but which require fair value disclosure as of December 31, 2011 and 2012:
|  | December 31, |
|  | 2011 |  |  | 2012 |
|  | Carrying amount |  |  | Fair value |  |  | Carrying amount |  |  | Fair value |
|  | (In millions) |
Cash, cash equivalents and restricted cash equivalents |  | $ | 109.3 |  |  | $ | 109.3 |  |  | $ | 395.9 |  |  | $ | 395.9 |
Note receivable from Contran |  |  | 11.2 |  |  |  | 11.2 |  |  |  | — |  |  |  | — |
Long-term debt (excluding capitalized leases): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Publicly-traded fixed rate debt— |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Kronos Senior Secured Notes |  | $ | 360.6 |  |  | $ | 362.6 |  |  | $ | — |  |  | $ | — |
Kronos term loan |  |  | — |  |  |  | — |  |  |  | 384.5 |  |  |  | 396.8 |
Snake River Sugar Company fixed rate loans |  |  | 250.0 |  |  |  | 250.0 |  |  |  | 250.0 |  |  |  | 250.0 |
WCS fixed rate debt |  |  | 82.8 |  |  |  | 82.8 |  |  |  | 77.1 |  |  |  | 77.1 |
Valhi Contran credit facility |  |  | — |  |  |  | — |  |  |  | 157.6 |  |  |  | 157.6 |
Kronos variable rate bank credit facility |  |  | — |  |  |  | — |  |  |  | 13.2 |  |  |  | 13.2 |
CompX variable rate promissory note |  |  | 22.2 |  |  |  | 22.2 |  |  |  | 18.5 |  |  |  | 18.5 |
CompX variable rate bank credit facility |  |  | 2.0 |  |  |  | 2.0 |  |  |  | — |  |  |  | — |
NL variable rate promissory note |  |  | 9.0 |  |  |  | 9.0 |  |  |  | — |  |  |  | — |
Noncontrolling interest in: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Kronos common stock |  | $ | 240.2 |  |  | $ | 409.4 |  |  | $ | 267.0 |  |  | $ | 442.6 |
NL common stock |  |  | 84.6 |  |  |  | 107.3 |  |  |  | 77.8 |  |  |  | 94.8 |
CompX common stock |  |  | 11.0 |  |  |  | 23.9 |  |  |  | 13.3 |  |  |  | 23.4 |
Valhi stockholders’ equity |  | $ | 657.2 |  |  | $ | 6,835.3 |  |  | $ | 733.6 |  |  | $ | 4,238.9 |

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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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