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Business and Geographic Segments (Tables) | 12 Months Ended
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Dec. 31, 2013
Holding Percentage of Subsidiaries |
Business segment |  |  | Entity |  |  |  | % controlled at December 31, 2013 |
Chemicals | Kronos |  | 80%
Component products | CompX |  | 87%
Waste management | WCS |  | 100%
Segment Operating Performance |
| Years ended December 31, |
| 2011 |  |  | 2012 |  |  | 2013 |
| (In millions) |
Net sales: |  |  |  |  |  |  |  |  |  |  |
Chemicals | $ | 1,943.3 |  |  | $ | 1,976.3 |  |  | $ | 1,732.4 |
Component products |  | 79.8 |  |  |  | 83.2 |  |  |  | 92.0 |
Waste management |  | 2.0 |  |  |  | 27.8 |  |  |  | 39.2 |
Total net sales | $ | 2,025.1 |  |  | $ | 2,087.3 |  |  | $ | 1,863.6 |
Cost of sales: |  |  |  |  |  |  |  |  |  |  |
Chemicals | $ | 1,197.5 |  |  | $ | 1,418.2 |  |  | $ | 1,622.6 |
Component products |  | 55.6 |  |  |  | 58.9 |  |  |  | 64.5 |
Waste management |  | 25.3 |  |  |  | 35.0 |  |  |  | 42.3 |
Total cost of sales | $ | 1,278.4 |  |  | $ | 1,512.1 |  |  | $ | 1,729.4 |
Gross margin: |  |  |  |  |  |  |  |  |  |  |
Chemicals | $ | 745.8 |  |  | $ | 558.1 |  |  | $ | 109.8 |
Component products |  | 24.2 |  |  |  | 24.3 |  |  |  | 27.5 |
Waste management |  | (23.3 | ) |  |  | (7.2 | ) |  |  | (3.1 | )
Total gross margin | $ | 746.7 |  |  | $ | 575.2 |  |  | $ | 134.2 |
Operating income (loss): |  |  |  |  |  |  |  |  |  |  |
Chemicals | $ | 553.0 |  |  | $ | 366.8 |  |  | $ | (125.4 | )
Component products |  | 6.4 |  |  |  | 5.4 |  |  |  | 9.3 |
Waste management |  | (38.0 | ) |  |  | (26.8 | ) |  |  | (22.6 | )
Total operating income (loss) |  | 521.4 |  |  |  | 345.4 |  |  |  | (138.7 | )
Equity in earnings of joint venture |  | (.5 | ) |  |  | (.2 | ) |  |  | .5 |
General corporate items: |  |  |  |  |  |  |  |  |  |  |
Securities earnings |  | 28.6 |  |  |  | 50.2 |  |  |  | 26.6 |
Insurance recoveries |  | 16.9 |  |  |  | 3.3 |  |  |  | 9.4 |
Litigation settlement gain |  | — |  |  |  | 14.7 |  |  |  | — |
Gain on sale of excess property |  | — |  |  |  | 3.2 |  |  |  | — |
Goodwill impairment |  | — |  |  |  | (6.4 | ) |  |  | — |
Gain on bargain purchase and remeasurement of existing investment in acquiree |  | — |  |  |  | — |  |  |  | 54.6 |
General expenses, net |  | (40.7 | ) |  |  | (45.3 | ) |  |  | (105.3 | )
Loss on prepayment of debt, net |  | (3.1 | ) |  |  | (7.2 | ) |  |  | (8.9 | )
Interest expense |  | (61.8 | ) |  |  | (56.3 | ) |  |  | (56.1 | )
Income (loss) from continuing operations before income taxes | $ | 460.8 |  |  | $ | 301.4 |  |  | $ | (217.9 | )
| Years ended December 31, |
| 2011 |  |  | 2012 |  |  | 2013 |
| (In millions) |
Depreciation and amortization: |  |  |  |  |  |  |  |  |  |  |
Chemicals | $ | 50.2 |  |  | $ | 50.4 |  |  | $ | 52.8 |
Component products* |  | 6.8 |  |  |  | 5.8 |  |  |  | 3.3 |
Waste management |  | 6.8 |  |  |  | 13.2 |  |  |  | 18.4 |
Total | $ | 63.8 |  |  | $ | 69.4 |  |  | $ | 74.5 |
Capital expenditures: |  |  |  |  |  |  |  |  |  |  |
Chemicals | $ | 68.6 |  |  | $ | 74.9 |  |  | $ | 67.6 |
Component products* |  | 3.2 |  |  |  | 4.3 |  |  |  | 3.5 |
Waste management |  | 74.3 |  |  |  | 19.6 |  |  |  | 3.5 |
Corporate |  | .1 |  |  |  | — |  |  |  | — |
Total | $ | 146.2 |  |  | $ | 98.8 |  |  | $ | 74.6 |
Total Assets Held by Business Segments |
| December 31, |
| 2011 |  |  | 2012 |  |  | 2013 |
| (In millions) |
Total assets: |  |  |  |  |  |  |  |  |  |  |
Operating segments: |  |  |  |  |  |  |  |  |  |  |
Chemicals | $ | 2,189.7 |  |  | $ | 2,401.1 |  |  | $ | 1,984.8 |
Component products** |  | 141.4 |  |  |  | 82.3 |  |  |  | 83.1 |
Waste management |  | 223.4 |  |  |  | 265.0 |  |  |  | 270.1 |
Joint venture accounted for by the equity method |  | 16.5 |  |  |  | 16.2 |  |  |  | — |
Corporate and eliminations |  | 267.0 |  |  |  | 405.9 |  |  |  | 629.2 |
Total | $ | 2,838.0 |  |  | $ | 3,170.5 |  |  | $ | 2,967.2 |
* | Includes discontinued operations for 2011 and 2012, see Note 3.
** | Includes discontinued operations for 2011, see Note 3.
Net Sales by Point of Origin and Point of Destination |
| Years ended December 31, |
| 2011 |  |  | 2012 |  |  | 2013 |
| (In millions) |
Net sales—point of origin: |  |  |  |  |  |  |  |  |  |  |
United States | $ | 831.4 |  |  | $ | 1,153.8 |  |  | $ | 961.5 |
Germany |  | 1,039.7 |  |  |  | 977.7 |  |  |  | 915.8 |
Canada |  | 301.7 |  |  |  | 339.1 |  |  |  | 246.5 |
Norway |  | 245.1 |  |  |  | 284.0 |  |  |  | 261.3 |
Belgium |  | 301.8 |  |  |  | 272.9 |  |  |  | 254.6 |
Eliminations |  | (694.6 | ) |  |  | (940.2 | ) |  |  | (776.1 | )
Total | $ | 2,025.1 |  |  | $ | 2,087.3 |  |  | $ | 1,863.6 |
Net sales—point of destination: |  |  |  |  |  |  |  |  |  |  |
North America | $ | 578.2 |  |  | $ | 760.7 |  |  | $ | 690.5 |
Europe |  | 1,141.3 |  |  |  | 1,011.4 |  |  |  | 905.0 |
Asia and other |  | 305.6 |  |  |  | 315.2 |  |  |  | 268.1 |
Total | $ | 2,025.1 |  |  | $ | 2,087.3 |  |  | $ | 1,863.6 |
Net Property and Equipment by Segment |
| December 31, |
| 2011 |  |  | 2012 |  |  | 2013 |
| (In millions) |
Net property and equipment: |  |  |  |  |  |  |  |  |  |  |
United States** | $ | 189.0 |  |  | $ | 211.9 |  |  | $ | 232.8 |
Germany |  | 259.6 |  |  |  | 271.2 |  |  |  | 292.9 |
Canada** |  | 80.0 |  |  |  | 73.0 |  |  |  | 67.1 |
Norway |  | 101.5 |  |  |  | 109.5 |  |  |  | 100.9 |
Belgium |  | 86.0 |  |  |  | 97.5 |  |  |  | 102.7 |
Taiwan** |  | 7.7 |  |  |  | — |  |  |  | — |
Total | $ | 723.8 |  |  | $ | 763.1 |  |  | $ | 796.4 |
** | Includes discontinued operations for 2011, see Note 3.

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