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Business Segment Information (Tables)

6 Months Ended

Jun. 30, 2021

Segment Reporting [Abstract]

Holding Percentage of Subsidiaries

Business segment		Entity		% controlled at June 30, 2021
Chemicals		Kronos		80	%
Component products		CompX		87	%
Real estate management and development		BMI and LandWell		63% - 77	%

Segment Operating Performance

	Three months ended								Six months ended
	June 30,								June 30,
	2020				2021				2020				2021
	(In millions)
Net sales:
Chemicals	$	386.0			$	478.6			$	807.0			$	943.6
Component products		23.8				36.3				56.1				72.2
Real estate management and development		5.2				10.4				11.2				18.5
Total net sales	$	415.0			$	525.3			$	874.3			$	1,034.3
Cost of sales:
Chemicals	$	291.1			$	369.9			$	624.5			$	739.6
Component products		16.4				24.9				38.3				49.8
Real estate management and development		3.5				5.9				7.8				11.0
Total cost of sales	$	311.0			$	400.7			$	670.6			$	800.4
Gross margin:
Chemicals	$	94.9			$	108.7			$	182.5			$	204.0
Component products		7.4				11.4				17.8				22.4
Real estate management and development		1.7				4.5				3.4				7.5
Total gross margin	$	104.0			$	124.6			$	203.7			$	233.9
Operating income:
Chemicals	$	35.9			$	47.4			$	82.7			$	85.1
Component products		2.4				5.8				7.4				11.6
Real estate management and development		1.0				2.4				20.2				10.2
Total operating income		39.3				55.6				110.3				106.9
General corporate items:
Securities earnings		1.0				1.1				2.6				2.0
Insurance recoveries		-				-				1.6				-
Gain on land and related sales		-				5.6				.5				5.6
Changes in market value of Valhi common stock held by subsidiaries		(.5	)			.9				(2.9	)			2.2
Other components of net periodic pension and OPEB expense		(5.0	)			(4.6	)			(9.7	)			(8.9	)
General expenses, net		(9.0	)			(9.3	)			(17.6	)			(17.4	)
Interest expense		(8.8	)			(8.7	)			(18.5	)			(17.3	)
Income before income taxes	$	17.0			$	40.6			$	66.3			$	73.1

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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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