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Fair Value Measurements and Financial Instruments (Tables) | 9 Months Ended
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Sep. 30, 2015
Fair Value Disclosures [Abstract] |
Fair Value Measurements of Financial Instruments | The following table summarizes the valuation of our marketable securities, financial instruments and other items recorded on a fair value basis as of:
| 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, 2014: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Marketable securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current | $ | 2.7 |  |  | $ | 1.7 |  |  | $ | 1.0 |  |  | $ | — |
Noncurrent |  | 255.6 |  |  |  | 2.5 |  |  |  | 3.1 |  |  |  | 250.0 |
Currency forward contracts |  | (4.2 | ) |  |  | (4.2 | ) |  |  | — |  |  |  | — |
September 30, 2015: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Marketable securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current | $ | 1.7 |  |  | $ | — |  |  | $ | 1.7 |  |  | $ | — |
Noncurrent |  | 256.0 |  |  |  | 3.6 |  |  |  | 2.4 |  |  |  | 250.0 |
Currency forward contracts |  | (2.7 | ) |  |  | (2.7 | ) |  |  | — |  |  |  | — |
Interest rate swap |  | (5.7 | ) |  |  | — |  |  |  | (5.7 | ) |  |  | — |
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:
| December 31, 2014 |  |  | September 30, 2015 |
| Carrying amount |  |  | Fair value |  |  | Carrying amount |  |  | Fair value |
| (In millions) |
Cash, cash equivalents and restricted cash equivalents | $ | 280.3 |  |  | $ | 280.3 |  |  | $ | 257.7 |  |  | $ | 257.7 |
Deferred payment obligation | $ | 8.5 |  |  | $ | 8.5 |  |  | $ | 8.7 |  |  | $ | 8.7 |
Long-term debt (excluding capitalized leases): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Kronos term loan | $ | 345.9 |  |  | $ | 341.5 |  |  | $ | 343.5 |  |  | $ | 344.3 |
Snake River Sugar Company fixed rate loans |  | 250.0 |  |  |  | 250.0 |  |  |  | 250.0 |  |  |  | 250.0 |
WCS fixed rate debt |  | 67.1 |  |  |  | 67.1 |  |  |  | 66.0 |  |  |  | 66.0 |
Valhi credit facility with Contran |  | 223.7 |  |  |  | 223.7 |  |  |  | 248.6 |  |  |  | 248.6 |
Tremont promissory note payable |  | 17.4 |  |  |  | 17.4 |  |  |  | 17.3 |  |  |  | 17.3 |
BMI bank note payable |  | 10.3 |  |  |  | 10.3 |  |  |  | 9.6 |  |  |  | 9.6 |
LandWell note payable to the City of Henderson |  | 3.1 |  |  |  | 3.1 |  |  |  | 3.1 |  |  |  | 3.1 |

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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 3 -URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19279-110258 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=36462937&loc=d3e19207-110258 Reference 3: 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=36462937&loc=SL7498348-110258 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=36462937&loc=d3e19190-110258 + Details
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