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v3.21.2

Business Segment Information (Tables) | 9 Months Ended
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Sep. 30, 2021
Segment Reporting [Abstract] |
Holding Percentage of Subsidiaries |
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 | %
Segment Operating Performance |
|  | 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 |

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