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Long-Term Debt | 6 Months Ended
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Jun. 30, 2018
Debt Disclosure [Abstract] |
Long-Term Debt | Note 8—Long-term debt:
| December 31, 2017 |  |  | June 30, 2018 |
| (In millions) |
Valhi: |  |  |  |  |  |  |
Snake River Sugar Company | $ | 250.0 |  |  | $ | 250.0 |
Contran credit facility |  | 284.3 |  |  |  | 320.6 |
Total Valhi debt |  | 534.3 |  |  |  | 570.6 |
Subsidiary debt: |  |  |  |  |  |  |
Kronos: |  |  |  |  |  |  |
Senior Secured Notes |  | 471.1 |  |  |  | 458.6 |
Tremont: |  |  |  |  |  |  |
Promissory note payable |  | 13.1 |  |  |  | 10.9 |
BMI: |  |  |  |  |  |  |
Bank loan – Western Alliance Bank |  | 18.8 |  |  |  | 18.0 |
LandWell: |  |  |  |  |  |  |
Note payable to the City of Henderson |  | 2.5 |  |  |  | 2.3 |
Other |  | 3.3 |  |  |  | 2.9 |
Total subsidiary debt |  | 508.8 |  |  |  | 492.7 |
Total debt |  | 1,043.1 |  |  |  | 1,063.3 |
Less current maturities |  | 1.6 |  |  |  | 1.6 |
Total long-term debt | $ | 1,041.5 |  |  | $ | 1,061.7 |
Valhi – Snake River Sugar Company – In connection with the proposed sale of our ownership interest in Amalgamated, our outstanding debt obligations to Snake River Sugar Company due in 2027 would be deemed to be paid in full upon completion of such sale. See Note 6. As discussed above, completion of such sale is contingent on Snake River obtaining all required consents of the secured lenders of Snake River and Amalgamated to the closing of the sale and such consents have not yet been received, and accordingly there is no assurance that such sale will be completed. We have continued to classify our $250 million in loans we owe Snake River as a noncurrent liability at June 30, 2018. Contran credit facility – In connection with the sale of WCS discussed in Note 3, immediately prior to the closing of the sale, Contran transferred its associated receivable of $36.3 million from WCS to Valhi, in return for a deemed $36.3 million borrowing by Valhi under its revolving credit facility with Contran. The average interest rate on the existing balance as of and for the six months ended June 30, 2018 was 6.0% and 5.62%, respectively. At June 30, 2018, the equivalent of $39.4 million was available for borrowing under this facility. Kronos – Senior Secured Notes - At June 30, 2018, the carrying value of Kronos’ 3.75% Senior Secured Notes due September 15, 2025 (€400 million aggregate principal amount outstanding) is stated net of unamortized debt issuance costs of $6.8 million. North American and European revolving credit facilities– During the first six months of 2018, Kronos had no borrowings or repayments under its North American revolving credit facility and its European revolving credit facility. At June 30, 2018, approximately $118.1 million was available for additional borrowing under the North American Revolving credit facility. Kronos’ European revolving credit facility requires the maintenance of certain financial ratios, and one of such requirements is based on the ratio of net debt to last twelve months earnings before income tax, interest, depreciation and amortization expense (EBITDA) of the borrowers. Based upon the borrowers’ last twelve months EBITDA as of June 30, 2018 and the net debt to EBITDA financial test, the full €90.0 million of the credit facility ($104.7 million) is available for borrowing availability at such date. Tremont – Promissory note payable – In January 2018, and following Tremont’s sale of certain land held for investment, discussed in Note 13, Tremont prepaid (without penalty) $2.2 million principal amount on the note as required under the terms of the note agreement. Restrictions and other – Certain of the credit facilities with unrelated, third-party lenders described above require the respective borrowers to maintain minimum levels of equity, require the maintenance of certain financial ratios, limit dividends and additional indebtedness and contain other provisions and restrictive covenants customary in lending transactions of this type. We are in compliance with all of our debt covenants at June 30, 2018.

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- Definition The entire disclosure for long-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -URI http://asc.fasb.org/topic&trid=2208564 + Details
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