XML 19 R9.htm IDEA: XBRL DOCUMENT
v3.21.2

Business Segment Information | 9 Months Ended
--- | ---
Sep. 30, 2021
Segment Reporting [Abstract] |
Business Segment Information | Note 2 – Business segment information:
Business segment |  | Entity |  | % controlled at September 30, 2021 |
Chemicals |  | Kronos |  | 80 | %
Component products |  | CompX |  | 87 | %
Real estate management and development |  | BMI and LandWell |  | 63% - 77 | %
Our control of Kronos includes approximately 50% we hold directly and approximately 30% held directly by NL. We own approximately 83% of NL. Our control of CompX is through NL. We own approximately 63% of BMI. Our control of LandWell includes the approximately 27% we hold directly and 50% held by BMI.
|  | Three months ended |  |  | Nine months ended |
|  | September 30, |  |  | September 30, |
|  | 2020 |  |  | 2021 |  |  | 2020 |  |  | 2021 |
|  | (In millions) |
Net sales: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Chemicals |  | $ | 416.9 |  |  | $ | 499.8 |  |  | $ | 1,223.9 |  |  | $ | 1,443.4 |
Component products |  |  | 28.4 |  |  |  | 34.5 |  |  |  | 84.5 |  |  |  | 106.7 |
Real estate management and development |  |  | 13.3 |  |  |  | 44.6 |  |  |  | 24.5 |  |  |  | 63.1 |
Total net sales |  | $ | 458.6 |  |  | $ | 578.9 |  |  | $ | 1,332.9 |  |  | $ | 1,613.2 |
Cost of sales: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Chemicals |  | $ | 337.3 |  |  | $ | 377.1 |  |  | $ | 961.8 |  |  | $ | 1,116.7 |
Component products |  |  | 21.1 |  |  |  | 23.6 |  |  |  | 59.4 |  |  |  | 73.4 |
Real estate management and development |  |  | 10.5 |  |  |  | 25.5 |  |  |  | 18.3 |  |  |  | 36.5 |
Total cost of sales |  | $ | 368.9 |  |  | $ | 426.2 |  |  | $ | 1,039.5 |  |  | $ | 1,226.6 |
Gross margin: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Chemicals |  | $ | 79.6 |  |  | $ | 122.7 |  |  | $ | 262.1 |  |  | $ | 326.7 |
Component products |  |  | 7.3 |  |  |  | 10.9 |  |  |  | 25.1 |  |  |  | 33.3 |
Real estate management and development |  |  | 2.8 |  |  |  | 19.1 |  |  |  | 6.2 |  |  |  | 26.6 |
Total gross margin |  | $ | 89.7 |  |  | $ | 152.7 |  |  | $ | 293.4 |  |  | $ | 386.6 |
Operating income: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Chemicals |  | $ | 21.6 |  |  | $ | 60.3 |  |  | $ | 104.3 |  |  | $ | 145.4 |
Component products |  |  | 2.1 |  |  |  | 5.1 |  |  |  | 9.5 |  |  |  | 16.7 |
Real estate management and development |  |  | 5.2 |  |  |  | 15.8 |  |  |  | 25.4 |  |  |  | 26.0 |
Total operating income |  |  | 28.9 |  |  |  | 81.2 |  |  |  | 139.2 |  |  |  | 188.1 |
General corporate items: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Securities earnings |  |  | .9 |  |  |  | .9 |  |  |  | 3.5 |  |  |  | 2.9 |
Insurance recoveries |  |  | - |  |  |  | - |  |  |  | 1.6 |  |  |  | - |
Gain on land and related sales |  |  | - |  |  |  | 10.4 |  |  |  | .5 |  |  |  | 16.0 |
Changes in market value of Valhi common stock held by subsidiaries |  |  | .7 |  |  |  | (.2 | ) |  |  | (2.2 | ) |  |  | 2.0 |
Other components of net periodic pension and OPEB expense |  |  | (5.2 | ) |  |  | (4.3 | ) |  |  | (14.9 | ) |  |  | (13.2 | )
General expenses, net |  |  | (8.4 | ) |  |  | (8.7 | ) |  |  | (26.0 | ) |  |  | (26.1 | )
Interest expense |  |  | (8.9 | ) |  |  | (7.9 | ) |  |  | (27.4 | ) |  |  | (25.2 | )
Income before income taxes |  | $ | 8.0 |  |  | $ | 71.4 |  |  | $ | 74.3 |  |  | $ | 144.5 |
Segment results we report may differ from amounts separately reported by our various subsidiaries due to purchase accounting adjustments and related amortization or differences in the way we define operating income. Intersegment sales are not material. Infrastructure reimbursement is included in the determination of Real Estate Management and Development operating income. See Note 11.

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration