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Financial Instruments (Tables) | 12 Months Ended
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Dec. 31, 2013
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, 2012 and 2013:
| 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, 2012: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Marketable securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current | $ | .9 |  |  | $ | — |  |  | $ | .9 |  |  | $ | — |
Noncurrent |  | 256.8 |  |  |  | 3.5 |  |  |  | 3.3 |  |  |  | 250.0 |
Currency forward contracts |  | 1.8 |  |  |  | 1.8 |  |  |  | — |  |  |  | — |
December 31, 2013: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Marketable securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current | $ | 3.8 |  |  | $ | 2.4 |  |  | $ | 1.4 |  |  | $ | — |
Noncurrent |  | 253.3 |  |  |  | 1.4 |  |  |  | 1.9 |  |  |  | 250.0 |
Currency forward contracts |  | (1.0 | ) |  |  | (1.0 | ) |  |  | — |  |  |  | — |
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, 2012 and 2013:
| December 31, |
| 2012 |  |  | 2013 |
| Carrying amount |  |  | Fair value |  |  | Carrying amount |  |  | Fair value |
| (In millions) |
Cash, cash equivalents and restricted cash equivalents | $ | 395.9 |  |  | $ | 395.9 |  |  | $ | 186.8 |  |  | $ | 186.8 |
Deferred payment obligation |  | — |  |  |  | — |  |  |  | 8.2 |  |  |  | 8.2 |
Long-term debt (excluding capitalized leases): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Kronos note payable to Contran | $ | — |  |  | $ | — |  |  | $ | 170.0 |  |  | $ | 170.0 |
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 |  | 77.1 |  |  |  | 77.1 |  |  |  | 72.4 |  |  |  | 72.4 |
Valhi Contran credit facility |  | 157.6 |  |  |  | 157.6 |  |  |  | 206.5 |  |  |  | 206.5 |
Kronos variable rate bank credit facilities |  | 13.2 |  |  |  | 13.2 |  |  |  | 11.1 |  |  |  | 11.1 |
CompX variable rate promissory note |  | 18.5 |  |  |  | 18.5 |  |  |  | — |  |  |  | — |
Tremont promissory note |  | — |  |  |  | — |  |  |  | 19.1 |  |  |  | 19.1 |
BMI bank note payable |  | — |  |  |  | — |  |  |  | 11.2 |  |  |  | 11.2 |
Landwell note payable to the City of Henderson |  | — |  |  |  | — |  |  |  | 3.1 |  |  |  | 3.1 |
Noncontrolling interest in: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Kronos common stock | $ | 267.0 |  |  | $ | 442.6 |  |  | $ | 241.9 |  |  | $ | 431.6 |
NL common stock |  | 77.8 |  |  |  | 94.8 |  |  |  | 74.5 |  |  |  | 92.6 |
CompX common stock |  | 13.3 |  |  |  | 23.4 |  |  |  | 13.6 |  |  |  | 23.1 |
Valhi stockholders’ equity | $ | 733.6 |  |  | $ | 4,238.9 |  |  | $ | 601.3 |  |  | $ | 5,961.7 |

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- Definition Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances. + References Reference 1: 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=25499696&loc=d3e19207-110258 Reference 2: 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=25499696&loc=SL7498348-110258 Reference 3: 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=25499696&loc=d3e19279-110258 Reference 4: 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=25499696&loc=d3e19190-110258 + Details
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- Definition Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=25499696&loc=d3e19207-110258 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 10 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=28364263&loc=d3e13433-108611 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=28364263&loc=d3e13467-108611 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=28364263&loc=d3e13476-108611 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6957238&loc=d3e14172-108612 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6447952&loc=d3e13220-108610 + Details
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