<SEC-DOCUMENT>0000059255-15-000096.txt : 20160216
<SEC-HEADER>0000059255-15-000096.hdr.sgml : 20160215
<ACCEPTANCE-DATETIME>20151102152353
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0000059255-15-000096
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20151102

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			VALHI INC /DE/
		CENTRAL INDEX KEY:			0000059255
		STANDARD INDUSTRIAL CLASSIFICATION:	INDUSTRIAL INORGANIC CHEMICALS [2810]
		IRS NUMBER:				870110150
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		5430 LBJ FRWY
		STREET 2:		STE 1700
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75240
		BUSINESS PHONE:		9722331700

	MAIL ADDRESS:	
		STREET 1:		THREE LINCOLN CENTER
		STREET 2:		5430 LBJ FREEWAY SUITE 1700
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75240

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	LLC CORP
		DATE OF NAME CHANGE:	19870329

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	LIBERTY LOAN CORP
		DATE OF NAME CHANGE:	19800414
</SEC-HEADER>
<DOCUMENT>
<TYPE>CORRESP
<SEQUENCE>1
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center">VALHI, INC.</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center">5430 LBJ Freeway, Suite 1700</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center">Dallas, Texas&#160; 75240</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center"><u>FOIA CONFIDENTIAL TREATMENT REQUEST BY VALHI, INC.</u></div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">November 2, 2015</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">U.S. Securities and Exchange Commission</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">100 F Street, N.E.</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">Washington, D.C. 20549</div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 36pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif">Attention:</font><font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 5.14pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif">Mr. Terence O'Brien, Accounting Branch Chief</font></div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; TEXT-INDENT: 108pt">Division of Corporation Finance</div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 36pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif">CC:</font><font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 5.14pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif">Ms. Tracie Mariner</font></div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; TEXT-INDENT: 108pt">Division of Corporation Finance</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; TEXT-INDENT: 108pt">Ms. Jeanne Baker</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; TEXT-INDENT: 108pt">Division of Corporation Finance</div>

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<div style="TEXT-ALIGN: justify"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold">RE:</font><font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 5.14pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold">Valhi, Inc.</font></div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: justify; TEXT-INDENT: 36pt">Form 10-Q for Fiscal Quarter Ended June 30, 2015 Filed August 7, 2015</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: justify; TEXT-INDENT: 36pt">Response Letter Dated September 15, 2015</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: justify; TEXT-INDENT: 36pt">File No. 333-48391</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">Dear Mr. O'Brien</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">Exhibit A to this letter, containing just one page (the "Information"), is hereby submitted to you in response to the Staff's letter dated October 19, 2015 (the "Comment Letter") concerning the above referenced Form 10-Q of Valhi, Inc. ("Valhi").&#160; The Information is being supplementally provided to you in response to comment number 1 in the Comment Letter.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">Pursuant to 17 C.F.R. <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif">&#167;</font> 200.83(c), the undersigned hereby requests on behalf of Valhi that the Commission afford the Information confidential treatment for reasons of business confidentiality, and that no portion thereof be disclosed if a request for disclosure is made under the Freedom of Information Act, 5 U.S.C. <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif">&#167;</font> 522.&#160; Pursuant to the Commission Rule of Information Request, 17 C.F.R. <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif">&#167;</font> 200.83, each page of the Information is clearly marked "Confidential Treatment Requested."</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">If you have any questions, you may contact the undersigned at 972-450-4228.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">Securities and Exchange Commission</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">November 2, 2015</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">Page 2</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">Sincerely,</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify"><u>/s/ Gregory M. Swalwell&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</u></div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">Gregory M. Swalwell,</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; COLOR: #000000; TEXT-ALIGN: justify">Executive Vice President and Controller</div>

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<div style="TEXT-ALIGN: justify"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; COLOR: #000000">CC:</font><font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 5.14pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; COLOR: #000000">Office of Freedom of Information and Privacy Act Operations&#160;&#160; (w/o enclosure)</font></div>

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<div style="TEXT-ALIGN: justify"><font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 5.14pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif">U.S. Securities and Exchange Commission</font></div>

<div style="TEXT-ALIGN: justify">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;100 F Street, N.E.</div>

<div style="TEXT-ALIGN: justify">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Mail Stop 2736</div>

<div style="TEXT-ALIGN: justify">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Washington, D.C. 20549</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center">Exhibit A &#8211; Page 1 of 1</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center">Document Supplementally Provided to the Securities and Exchange Commission November 2, 2015</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center">Confidential Treatment Requested by Valhi, Inc.</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center">Trailing Three-Year (or Twelve Consecutive Quarters) Cumulative Book</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center">Tax Income (Loss) Generated by German and Belgian Jurisdictions</div>

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<td style="VERTICAL-ALIGN: bottom; WIDTH: 41.23%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 3.25%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 36.56%" colspan="3">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; COLOR: #000000; TEXT-ALIGN: center">Germany</div>
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<td style="VERTICAL-ALIGN: bottom; WIDTH: 3.28%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 15.69%">&#160;</td>
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<td style="VERTICAL-ALIGN: bottom; WIDTH: 41.23%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 3.25%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 21.37%">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; COLOR: #000000; TEXT-ALIGN: center">Corporate</div>
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<td style="VERTICAL-ALIGN: bottom; WIDTH: 2.6%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.58%">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; COLOR: #000000; TEXT-ALIGN: center">Trade</div>
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<td style="VERTICAL-ALIGN: bottom; WIDTH: 3.28%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 15.69%">&#160;</td>
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<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 41.23%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 3.25%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 21.37%">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; COLOR: #000000; TEXT-ALIGN: center">Tax</div>
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<td style="VERTICAL-ALIGN: bottom; WIDTH: 2.6%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 12.58%">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; COLOR: #000000; TEXT-ALIGN: center">Tax</div>
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<td style="VERTICAL-ALIGN: bottom; WIDTH: 3.28%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 15.69%">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; COLOR: #000000; TEXT-ALIGN: center">Belgium</div>
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<td style="VERTICAL-ALIGN: bottom; WIDTH: 41.23%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 3.25%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 55.52%" colspan="5">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; COLOR: #000000; TEXT-ALIGN: center">(In euro millions)</div>
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<td style="VERTICAL-ALIGN: bottom; WIDTH: 41.23%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 3.25%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 21.37%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 2.6%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.58%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 3.28%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 15.69%">&#160;</td>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; COLOR: #000000; TEXT-ALIGN: left">Twelve consecutive quarters ended:</div>
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<td style="VERTICAL-ALIGN: bottom; WIDTH: 21.37%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 2.6%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.58%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 3.28%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 15.69%">&#160;</td>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; COLOR: #000000; TEXT-ALIGN: left">&#160;&#160;&#160;&#160;December 31, 2014</div>
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<td style="VERTICAL-ALIGN: bottom; WIDTH: 3.25%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 21.37%">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; COLOR: #000000; TEXT-ALIGN: right">[*]</div>
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<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.58%">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; COLOR: #000000; TEXT-ALIGN: right">[*]</div>
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<td style="VERTICAL-ALIGN: bottom; WIDTH: 3.28%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 15.69%">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; COLOR: #000000; TEXT-ALIGN: right">[*]</div>
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<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 41.23%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 3.25%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 21.37%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 2.6%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.58%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 3.28%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 15.69%">&#160;</td>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; COLOR: #000000; TEXT-ALIGN: left">&#160;&#160;&#160;&#160;March 31, 2015</div>
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<td style="VERTICAL-ALIGN: bottom; WIDTH: 21.37%">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; COLOR: #000000; TEXT-ALIGN: right">[*]</div>
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<td style="VERTICAL-ALIGN: bottom; WIDTH: 2.6%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.58%">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; COLOR: #000000; TEXT-ALIGN: right">[*]</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 3.28%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 15.69%">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; COLOR: #000000; TEXT-ALIGN: right">[*]</div>
</td>
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<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 41.23%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 3.25%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 21.37%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 2.6%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.58%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 3.28%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 15.69%">&#160;</td>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; COLOR: #000000; TEXT-ALIGN: left">&#160;&#160;&#160;&#160;June 30, 2015</div>
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<td style="VERTICAL-ALIGN: bottom; WIDTH: 3.25%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 21.37%">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; COLOR: #000000; TEXT-ALIGN: right">[*]</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 2.6%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.58%">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; COLOR: #000000; TEXT-ALIGN: right">[*]</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 3.28%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 15.69%">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; COLOR: #000000; TEXT-ALIGN: right">[*]</div>
</td>
</tr>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; COLOR: #000000; TEXT-ALIGN: justify">[*] Information omitted pursuant to a request for confidential treatment filed with the SEC by Valhi, Inc.</div>

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