<SEC-DOCUMENT>0000059255-21-000065.txt : 20210506
<SEC-HEADER>0000059255-21-000065.hdr.sgml : 20210506
<ACCEPTANCE-DATETIME>20210506161903
ACCESSION NUMBER:		0000059255-21-000065
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		15
CONFORMED PERIOD OF REPORT:	20210506
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Regulation FD Disclosure
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20210506
DATE AS OF CHANGE:		20210506

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:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-05467
		FILM NUMBER:		21898074

	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:			75240-2620

	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>8-K
<SEQUENCE>1
<FILENAME>vhi8k210506.htm
<DESCRIPTION>VALHI, INC. FORM 8-K DATED MAY 6, 2021
<TEXT>
<XBRL>
<html xmlns:xbrli="http://www.xbrl.org/2003/instance" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns:xbrldi="http://xbrl.org/2006/xbrldi" xmlns:iso4217="http://www.xbrl.org/2003/iso4217" xmlns:ix="http://www.xbrl.org/2013/inlineXBRL" xmlns:ixt="http://www.xbrl.org/inlineXBRL/transformation/2015-02-26" xmlns:ixt-sec="http://www.sec.gov/inlineXBRL/transformation/2015-08-31" xmlns:us-gaap="http://fasb.org/us-gaap/2019-01-31" xmlns:dei="http://xbrl.sec.gov/dei/2019-01-31" xmlns:utr="http://www.xbrl.org/2009/utr" xmlns:num="http://www.xbrl.org/dtr/type/numeric" xmlns:nonnum="http://www.xbrl.org/dtr/type/non-numeric" xmlns:country="http://xbrl.sec.gov/country/2017-01-31" xmlns:currency="http://xbrl.sec.gov/currency/2019-01-31" xmlns:naics="http://xbrl.sec.gov/naics/2017-01-31" xmlns:sic="http://xbrl.sec.gov/sic/2011-01-31" xmlns:stpr="http://xbrl.sec.gov/stpr/2018-01-31" xmlns:exch="http://xbrl.sec.gov/exch/2019-01-31" xmlns:srt="http://fasb.org/srt/2019-01-31" xmlns:vhi="http://valhi.com/20210506" xmlns="http://www.w3.org/1999/xhtml">
  <head>
    <title></title>
    <!-- Licensed to: Contran Corporation
         Document created using EDGARfilings PROfile 7.4.1.0
         Copyright 1995 - 2021 Broadridge -->
    <meta http-equiv="Content-Type" content="text/html" />
</head>

<body style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left; color: #000000; background-color: #ffffff;">
<div id="DSPFiXBRLHidden" style="display: none;"><ix:header><ix:hidden><ix:nonNumeric name="dei:AmendmentFlag" id="Fact_e6ad7e4584734fbf92b787623fe149e4" contextRef="c20210506to20210506" format="ixt:booleanfalse">false</ix:nonNumeric><ix:nonNumeric name="dei:EntityCentralIndexKey" id="Fact_c9232b31159a4461b49c09be66c4d20c" contextRef="c20210506to20210506">0000059255</ix:nonNumeric></ix:hidden><ix:references><link:schemaRef xlink:href="vhi-20210506.xsd" xlink:type="simple"></link:schemaRef></ix:references><ix:resources><xbrli:context id="c20210506to20210506"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000059255</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:startDate>2021-05-06</xbrli:startDate><xbrli:endDate>2021-05-06</xbrli:endDate></xbrli:period></xbrli:context></ix:resources></ix:header></div>

  <div>
    <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;">UNITED STATES</div>

    <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</div>

    <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;">Washington, D.C.&#160;&#160; 20549</div>

    <div style="text-align: center; margin-top: 12pt; margin-bottom: 6pt; font-family: 'Times New Roman', Times, serif; font-size: 14pt; font-weight: bold;">FORM <ix:nonNumeric name="dei:DocumentType" id="Fact_83799d5f8f8343cfa7034c6b1ed94c39" contextRef="c20210506to20210506">8-K</ix:nonNumeric></div>

    <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 12pt; font-weight: bold;">CURRENT REPORT</div>

    <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 12pt; font-weight: bold;">Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934</div>

    <div><br />
    </div>

    <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Date of Report (Date of earliest event reported)</div>

    <div><br />
    </div>

    <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 12pt; font-weight: bold;"><ix:nonNumeric name="dei:DocumentPeriodEndDate" id="Fact_c6d89b5365c64fe3b1f4dc91708de5d3" contextRef="c20210506to20210506" format="ixt:datemonthdayyearen">May 6, 2021</ix:nonNumeric><br />
    </div>

    <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 18pt; font-variant: small-caps; font-weight: bold;"><ix:nonNumeric name="dei:EntityRegistrantName" id="Fact_07f30edf47fe406880e03b765846ac5b" contextRef="c20210506to20210506">Valhi, Inc.</ix:nonNumeric><br />
    </div>

    <div style="text-align: center; margin-bottom: 18pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">(Exact name of registrant as specified in its charter)</div>

    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" id="z61d0ab5b3d014c9fb5416c44f858c326">


  <tr>

    <td style="width: 33.35%; vertical-align: top;">
            <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 12pt; font-weight: bold;"><ix:nonNumeric name="dei:EntityIncorporationStateCountryCode" id="Fact_933f57a43b374d0d9fd9404a609dccf4" contextRef="c20210506to20210506" format="ixt-sec:stateprovnameen">Delaware</ix:nonNumeric></div>
          </td>

    <td style="width: 33.32%; vertical-align: top;">
            <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 12pt; font-weight: bold;"><ix:nonNumeric name="dei:EntityFileNumber" id="Fact_f2622caae5914f7daffc7cb8a2e77e36" contextRef="c20210506to20210506">1-5467</ix:nonNumeric><br />
            </div>
          </td>

    <td colspan="2" style="width: 33.32%; vertical-align: top;">
            <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 12pt; font-weight: bold;"><ix:nonNumeric name="dei:EntityTaxIdentificationNumber" id="Fact_ea231df6d6b347d19ef3e24d7a420090" contextRef="c20210506to20210506">87-0110150</ix:nonNumeric><br />
            </div>
          </td>

  </tr>

  <tr>

    <td style="width: 33.35%; vertical-align: top;">
            <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">(State or other jurisdiction of incorporation)</div>
          </td>

    <td style="width: 33.32%; vertical-align: top;">
            <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">(Commission</div>
            <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">File Number)</div>
          </td>

    <td colspan="2" style="width: 33.32%; vertical-align: top;">
            <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">(IRS Employer</div>
            <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Identification No.)</div>
          </td>

  </tr>

  <tr>

    <td style="width: 33.35%; vertical-align: top;">&#160;</td>

    <td style="width: 33.32%; vertical-align: top;">&#160;</td>

    <td colspan="2" style="width: 33.32%; vertical-align: top;">&#160;</td>

  </tr>

  <tr>

    <td style="width: 33.35%; vertical-align: top;">&#160;</td>

    <td style="width: 33.32%; vertical-align: top;">&#160;</td>

    <td colspan="2" style="width: 33.32%; vertical-align: top;">&#160;</td>

  </tr>

  <tr>

    <td colspan="3" style="width: 66.92%; vertical-align: top;">
            <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 12pt; font-weight: bold;"><ix:nonNumeric name="dei:EntityAddressAddressLine1" id="Fact_464bcb115a4c448c922d4415430465a5" contextRef="c20210506to20210506">5430 LBJ Freeway</ix:nonNumeric>,
              <ix:nonNumeric name="dei:EntityAddressAddressLine2" id="Fact_c14795170f6841658065a666d86b5f9a" contextRef="c20210506to20210506">Suite 1700</ix:nonNumeric>, <ix:nonNumeric name="dei:EntityAddressCityOrTown" id="Fact_aa62e1ad783448fca04e3a95d195292c" contextRef="c20210506to20210506">Dallas</ix:nonNumeric>,
              <ix:nonNumeric name="dei:EntityAddressStateOrProvince" id="Fact_f87b3b8c07bb4d28bb5c0a3ee698e336" contextRef="c20210506to20210506" format="ixt-sec:stateprovnameen">Texas</ix:nonNumeric></div>
          </td>

    <td style="width: 33.08%; vertical-align: top;">
            <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 12pt; font-weight: bold;"><ix:nonNumeric name="dei:EntityAddressPostalZipCode" id="Fact_b388980a0e0e4632a12cb687f868b927" contextRef="c20210506to20210506">75240-2620</ix:nonNumeric><br />
            </div>
          </td>

  </tr>

  <tr>

    <td colspan="3" style="width: 66.92%; vertical-align: top;">
            <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">(Address of principal executive offices)</div>
          </td>

    <td style="width: 33.08%; vertical-align: top;">
            <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">(Zip Code)</div>
          </td>

  </tr>


</table>
    <div style="text-align: center; margin-top: 12pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Registrant&#8217;s telephone number, including area code</div>

    <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 12pt; font-weight: bold;">(<ix:nonNumeric name="dei:CityAreaCode" id="Fact_4bba0270ba6140df805170ff0ec542f0" contextRef="c20210506to20210506">972</ix:nonNumeric>) <ix:nonNumeric name="dei:LocalPhoneNumber" id="Fact_e2f3625bfd7b43efba5b9075c16761c3" contextRef="c20210506to20210506">233-1700</ix:nonNumeric></div>

    <div><br />
    </div>

    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" id="zd0cb2b546be7424e9333be0ac05f6b8a">


  <tr>

    <td style="width: 23.65%; vertical-align: top;">&#160;</td>

    <td style="width: 52.68%; vertical-align: top; border-bottom: #000000 2px solid;">&#160;</td>

    <td style="width: 23.66%; vertical-align: top;">&#160;</td>

  </tr>

  <tr>

    <td colspan="3" style="width: 100%; vertical-align: top;">
            <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">(Former name or former address, if changed since last report.)</div>
          </td>

  </tr>


</table>
    <div><br />
    </div>

    <div style="text-align: justify; margin-top: 6pt; margin-bottom: 6pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of
      the registrant under any of the following provisions (see General Instruction A.2):</div>

    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" id="za56b346791b544d686adec2fdd8a93a4">


  <tr>

    <td style="width: 6.87%; vertical-align: top;">
            <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 14pt;"><ix:nonNumeric name="dei:WrittenCommunications" id="Fact_ce25806b88454e25aad4d11101a1162d" contextRef="c20210506to20210506" format="ixt-sec:boolballotbox">&#x2610;</ix:nonNumeric><br />
            </div>
          </td>

    <td style="width: 93.13%; vertical-align: middle;">
            <div style="text-align: justify; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</div>
          </td>

  </tr>

  <tr>

    <td style="width: 6.87%; vertical-align: top;">&#160;</td>

    <td style="width: 93.13%; vertical-align: middle;">&#160;</td>

  </tr>

  <tr>

    <td style="width: 6.87%; vertical-align: top;">
            <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 14pt;"><ix:nonNumeric name="dei:SolicitingMaterial" id="Fact_0f3aafcfc0ca4678b53500e68fa3c0db" contextRef="c20210506to20210506" format="ixt-sec:boolballotbox">&#x2610;</ix:nonNumeric><br />
            </div>
          </td>

    <td style="width: 93.13%; vertical-align: middle;">
            <div style="text-align: justify; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</div>
          </td>

  </tr>

  <tr>

    <td style="width: 6.87%; vertical-align: top;">&#160;</td>

    <td style="width: 93.13%; vertical-align: middle;">&#160;</td>

  </tr>

  <tr>

    <td style="width: 6.87%; vertical-align: top;">
            <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 14pt;"><ix:nonNumeric name="dei:PreCommencementTenderOffer" id="Fact_00a221ff2ca848b886a7f0a653769739" contextRef="c20210506to20210506" format="ixt-sec:boolballotbox">&#x2610;</ix:nonNumeric><br />
            </div>
          </td>

    <td style="width: 93.13%; vertical-align: middle;">
            <div style="text-align: justify; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</div>
          </td>

  </tr>

  <tr>

    <td style="width: 6.87%; vertical-align: top;">&#160;</td>

    <td style="width: 93.13%; vertical-align: middle;">&#160;</td>

  </tr>

  <tr>

    <td style="width: 6.87%; vertical-align: top;">
            <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 14pt;"><ix:nonNumeric name="dei:PreCommencementIssuerTenderOffer" id="Fact_31c24280ab8e4e2aa678db111a9c9de7" contextRef="c20210506to20210506" format="ixt-sec:boolballotbox">&#x2610;</ix:nonNumeric><br />
            </div>
          </td>

    <td style="width: 93.13%; vertical-align: middle;">
            <div style="text-align: justify; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</div>
          </td>

  </tr>


</table>
    <div style="text-align: justify; margin-top: 9pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Securities registered pursuant to Section 12(b) of the Act:</div>

    <div><br />
    </div>

    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" id="z4e6b699e1664444ca0fd4e9fa8a87de8">


  <tr>

    <td style="width: 37.99%; vertical-align: bottom; border-bottom: #000000 2px solid;">
            <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;">Title of each class</div>
          </td>

    <td style="width: 1%; vertical-align: bottom;">&#160;</td>

    <td style="width: 15%; vertical-align: bottom; border-bottom: #000000 2px solid;">
            <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;">Trading</div>
            <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;">Symbol(s)</div>
          </td>

    <td style="width: 1%; vertical-align: bottom;">&#160;</td>

    <td style="width: 45%; vertical-align: bottom; border-bottom: #000000 2px solid;">
            <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;">Name of each exchange on which registered</div>
          </td>

  </tr>

  <tr>

    <td style="width: 37.99%; vertical-align: top;">
            <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 8pt;"><ix:nonNumeric name="dei:Security12bTitle" id="Fact_e4459055488145519ec375e042e3b60c" contextRef="c20210506to20210506">Common stock</ix:nonNumeric><br />
            </div>
          </td>

    <td style="width: 1%; vertical-align: bottom;">&#160;</td>

    <td style="width: 15%; vertical-align: bottom;">
            <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 8pt;"><ix:nonNumeric name="dei:TradingSymbol" id="Fact_2c4abd7f1222431dbb998c46bdd34dbf" contextRef="c20210506to20210506">VHI</ix:nonNumeric><br />
            </div>
          </td>

    <td style="width: 1%; vertical-align: bottom;">&#160;</td>

    <td style="width: 45%; vertical-align: bottom;">
            <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 8pt;"><ix:nonNumeric name="dei:SecurityExchangeName" id="Fact_5020b342c4b340ce9d958b7303d9dc8f" contextRef="c20210506to20210506">NYSE</ix:nonNumeric><br />
            </div>
          </td>

  </tr>


</table>
    <div>
      <div><br />
      </div>

    </div>

    <div>
      <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17&#160;CFR &#167;230.405) or Rule
        12b-2 of the Securities Exchange Act of 1934 (17 CFR &#167;240.12b-2).</div>

    </div>

    <div>
      <div style="text-align: right; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Emerging growth company&#160; <ix:nonNumeric name="dei:EntityEmergingGrowthCompany" id="Fact_de3c7c982d4a4b528ae1f595ff577a02" contextRef="c20210506to20210506" format="ixt-sec:boolballotbox">&#x2610;</ix:nonNumeric></div>

    </div>

    <div>
      <div><br />
      </div>

      <div style="text-align: left; margin-top: 6pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
        with any new or revised financial accounting standards provided pursuant to Section&#160;13(a) of the Exchange Act.&#160;&#160;<span style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#9744;</span></div>

    </div>

    <div><br />
    </div>

    <div><br />
    </div>

    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="page-break-after:always;">
        <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;" /></div>

    </div>

    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z567d457a21364fc2a35e4be849dcb710">


  <tr>

    <td style="width: 72pt; vertical-align: top; align: right; font-family: 'Times New Roman', Times, serif; font-size: 12pt; font-weight: bold;">Item 2.02</td>

    <td style="width: auto; vertical-align: top; text-align: justify;">
            <div style="font-family: 'Times New Roman', Times, serif; font-size: 12pt; font-weight: bold;">Results of Operations and Financial Condition.</div>
          </td>

  </tr>


</table>
    <div><br />
    </div>

    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z2842f0e9b9014edf861c6151d3c6eaa7">


  <tr>

    <td style="width: 72pt; vertical-align: top; align: right; font-family: 'Times New Roman', Times, serif; font-size: 12pt; font-weight: bold;">Item 7.01</td>

    <td style="width: auto; vertical-align: top; text-align: justify;">
            <div style="font-family: 'Times New Roman', Times, serif; font-size: 12pt; font-weight: bold;">Regulation FD Disclosure.</div>
          </td>

  </tr>


</table>
    <div><br />
    </div>

    <div style="text-align: justify; text-indent: 36pt; font-family: 'Times New Roman', Times, serif; font-size: 12pt;">The registrant hereby furnishes the information set forth in its press release issued on May 6, 2021, a copy of which is attached hereto
      as Exhibit 99.1 and incorporated herein by reference.</div>

    <div><br />
    </div>

    <div style="text-align: justify; text-indent: 36pt; font-family: 'Times New Roman', Times, serif; font-size: 12pt;">The information, including Exhibit 99.1, the registrant furnishes in this current report under these items 2.02 and 7.01 is not deemed
      &#8220;filed&#8221; for purposes of section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section.&#160; Registration statements or other documents filed with the U.S. Securities and Exchange Commission shall
      not incorporate this information by reference, except as otherwise expressly stated in such filing.</div>

    <div><br />
    </div>

    <div style="text-align: justify;"><span style="font-size: 12pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Item 8.01</span><span style="display: inline-block; text-indent: 0px; font-size: 1px; width: 72pt">&#160;</span><span style="font-size: 12pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Other Events.</span></div>

    <div><br />
    </div>

    <div style="text-align: justify; text-indent: 36pt; font-family: 'Times New Roman', Times, serif; font-size: 12pt;">The registrant is also filing this current report to revise and update the description of its capital stock.&#160; Such description is set
      forth in Exhibit 99.2 to this current report and is incorporated herein by reference.</div>

    <div><br />
    </div>

    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z6160e68d5d154754a3918f8f0de886a7">


  <tr>

    <td style="width: 72pt; vertical-align: top; align: right; font-family: 'Times New Roman', Times, serif; font-size: 12pt; font-weight: bold;">Item 9.01</td>

    <td style="width: auto; vertical-align: top; text-align: justify;">
            <div style="font-family: 'Times New Roman', Times, serif; font-size: 12pt; font-weight: bold;">Financial Statements and Exhibits.</div>
          </td>

  </tr>


</table>
    <div><br />
    </div>

    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" id="zdfca6c88e38d44c4957b5853938d1e42">


  <tr>

    <td style="width: 5.93%; vertical-align: top;">
            <div style="text-align: justify; font-family: 'Times New Roman', Times, serif; font-size: 12pt;">(d)</div>
          </td>

    <td style="width: 19.87%; vertical-align: top;">
            <div style="text-align: justify; font-family: 'Times New Roman', Times, serif; font-size: 12pt;">Exhibits</div>
          </td>

    <td style="width: 2.86%; vertical-align: top;">&#160;</td>

    <td style="width: 71.34%; vertical-align: top;">&#160;</td>

  </tr>

  <tr>

    <td style="width: 5.93%; vertical-align: top;">&#160;</td>

    <td style="width: 19.87%; vertical-align: top;">&#160;</td>

    <td style="width: 2.86%; vertical-align: top;">&#160;</td>

    <td style="width: 71.34%; vertical-align: top;">&#160;</td>

  </tr>

  <tr>

    <td style="width: 5.93%; vertical-align: top;">&#160;</td>

    <td style="width: 19.87%; vertical-align: top; border-bottom: 2px solid #000000;">
            <div>
              <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 12pt; font-weight: bold;">Item No.</div>
            </div>
          </td>

    <td style="width: 2.86%; vertical-align: top;">&#160;</td>

    <td style="width: 71.34%; vertical-align: top; border-bottom: 2px solid #000000;">
            <div>
              <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 12pt; font-weight: bold;">Exhibit Index</div>
            </div>
          </td>

  </tr>

  <tr>

    <td style="width: 5.93%; vertical-align: top;">&#160;</td>

    <td style="width: 19.87%; vertical-align: top;">&#160;</td>

    <td style="width: 2.86%; vertical-align: top;">&#160;</td>

    <td style="width: 71.34%; vertical-align: top;">&#160;</td>

  </tr>

  <tr>

    <td style="width: 5.93%; vertical-align: top;">&#160;</td>

    <td style="width: 19.87%; vertical-align: top;">
            <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 12pt;">99.1</div>
          </td>

    <td style="width: 2.86%; vertical-align: top;">&#160;</td>

    <td style="width: 71.34%; vertical-align: top;">
            <div style="text-align: justify; font-family: 'Times New Roman', Times, serif; font-size: 12pt;"><a href="exh991.htm">Press release dated May 6,
                2021 entitled &#8220;Valhi Reports First Quarter 2021 Results&#8221; and issued by the registrant</a>.</div>
          </td>

  </tr>

  <tr>

    <td style="width: 5.93%; vertical-align: top;">&#160;</td>

    <td style="width: 19.87%; vertical-align: top;">&#160;</td>

    <td style="width: 2.86%; vertical-align: top;">&#160;</td>

    <td style="width: 71.34%; vertical-align: top;">&#160;</td>

  </tr>

  <tr>

    <td style="width: 5.93%; vertical-align: top;">&#160;</td>

    <td style="width: 19.87%; vertical-align: top;">
            <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 12pt;">99.2*</div>
          </td>

    <td style="width: 2.86%; vertical-align: top;">&#160;</td>

    <td style="width: 71.34%; vertical-align: top;">
            <div style="text-align: justify; font-family: 'Times New Roman', Times, serif; font-size: 12pt;"><a href="exh992.htm">Description of the
                Registrant&#8217;s Capital Stock</a>.</div>
          </td>

  </tr>

  <tr>

    <td style="width: 5.93%; vertical-align: top;">&#160;</td>

    <td style="width: 19.87%; vertical-align: top;">&#160;</td>

    <td style="width: 2.86%; vertical-align: top;">&#160;</td>

    <td style="width: 71.34%; vertical-align: top;">&#160;</td>

  </tr>

  <tr>

    <td style="width: 5.93%; vertical-align: top;">&#160;</td>

    <td style="width: 19.87%; vertical-align: top;">
            <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 12pt;">104</div>
          </td>

    <td style="width: 2.86%; vertical-align: top;">&#160;</td>

    <td style="width: 71.34%; vertical-align: top;">
            <div style="text-align: justify; font-family: 'Times New Roman', Times, serif; font-size: 12pt;">Cover Page Interactive Data File (embedded within the Inline XBRL document)</div>
          </td>

  </tr>

  <tr>

    <td style="width: 5.93%; vertical-align: top;">&#160;</td>

    <td style="width: 19.87%; vertical-align: top;">&#160;</td>

    <td style="width: 2.86%; vertical-align: top;">&#160;</td>

    <td style="width: 71.34%; vertical-align: top;">&#160;</td>

  </tr>


</table>
    <div style="text-align: justify; text-indent: -81pt; margin-left: 81pt; font-family: 'Times New Roman', Times, serif; font-size: 12pt;">________</div>

    <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 12pt;">* Intended to be deemed filed rather than furnished pursuant to General Instruction B.2 to Form 8-K.</div>

    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="page-break-after:always;">
        <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;" /></div>

    </div>

    <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 12pt; font-weight: bold;">SIGNATURE</div>

    <div><br />
    </div>

    <div><br />
    </div>

    <div style="text-align: justify; text-indent: 36pt; font-family: 'Times New Roman', Times, serif; font-size: 12pt;">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its
      behalf by the undersigned hereunto duly authorized.</div>

    <div><br />
    </div>

    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" id="zff4cb16eedab4ed7a718611af916c3cf">


  <tr>

    <td style="width: 49.7%; vertical-align: top;">&#160;</td>

    <td style="width: 50.3%; vertical-align: top;">
            <div style="text-align: justify; font-family: 'Times New Roman', Times, serif; font-size: 12pt; font-variant: small-caps; font-weight: bold;">Valhi, Inc.</div>
          </td>

  </tr>

  <tr>

    <td style="width: 49.7%; vertical-align: top;">&#160;</td>

    <td style="width: 50.3%; vertical-align: top;">
            <div style="text-align: justify; font-family: 'Times New Roman', Times, serif; font-size: 12pt;">(Registrant)</div>
          </td>

  </tr>

  <tr>

    <td style="width: 49.7%; vertical-align: top;">&#160;</td>

    <td style="width: 50.3%; vertical-align: top;">&#160;</td>

  </tr>

  <tr>

    <td style="width: 49.7%; vertical-align: top;">&#160;</td>

    <td style="width: 50.3%; vertical-align: top;">&#160;</td>

  </tr>

  <tr>

    <td style="width: 49.7%; vertical-align: top;">&#160;</td>

    <td style="width: 50.3%; vertical-align: top;">&#160;</td>

  </tr>

  <tr>

    <td style="width: 49.7%; vertical-align: top;">&#160;</td>

    <td style="width: 50.3%; vertical-align: top; border-bottom: 2px solid black;">
            <div style="text-align: justify;"><span style="font-size: 12pt; font-family: 'Times New Roman', Times, serif;">By:</span><span style="display: inline-block; text-indent: 0px; font-size: 1px; width: 26.1pt">&#160;</span><span style="font-size: 12pt; font-family: 'Times New Roman', Times, serif;"><span style="font-size: 12pt; font-family: 'Times New Roman', Times, serif;">/s/ James W. Brown</span><span style="display: inline-block; text-indent: 0px; font-size: 1px; width: 12pt">&#160;</span></span></div>
          </td>

  </tr>

  <tr>

    <td style="width: 49.7%; vertical-align: top;">
            <div style="text-align: justify; font-family: 'Times New Roman', Times, serif; font-size: 12pt;">Date:&#160; May 6, 2021</div>
          </td>

    <td style="width: 50.3%; vertical-align: top;">
            <div style="text-align: justify; margin-left: 26.1pt; font-family: 'Times New Roman', Times, serif; font-size: 12pt; font-style: italic;">James W. Brown,</div>
            <div style="text-align: justify; margin-left: 26.1pt; font-family: 'Times New Roman', Times, serif; font-size: 12pt; font-style: italic;">Executive Vice President and</div>
            <div style="text-align: justify; margin-left: 26.1pt; font-family: 'Times New Roman', Times, serif; font-size: 12pt; font-style: italic;">&#160;&#160;Chief Financial Officer&#160;</div>
          </td>

  </tr>

  <tr>

    <td style="width: 49.7%; vertical-align: top;">&#160;</td>

    <td style="width: 50.3%; vertical-align: top;">&#160;</td>

  </tr>


</table>
    <div><br />
    </div>

  </div>

</body>
</html>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>exh991.htm
<DESCRIPTION>VALHI REPORTS FIRST QUARTER 2021 RESULTS DATED MAY 6, 2021
<TEXT>
<html>
  <head>
    <title></title>
    <!-- Licensed to: Contran Corporation
         Document created using EDGARfilings PROfile 7.4.1.0
         Copyright 1995 - 2021 Broadridge -->
  </head>
<body bgcolor="#ffffff" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left; color: #000000;">
  <!--PROfilePageNumberReset%Num%1%Page % of 5%-->
  <div>
    <div style="text-align: center;"><br>
    </div>
    <div style="text-align: center;"><img src="valhiprlogo171109.jpg"></div>
    <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">VALHI <a name="Exhibit99.1"><!--Anchor--></a>REPORTS FIRST QUARTER 2021 RESULTS</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">DALLAS, TEXAS . . May 6, 2021.&#160; Valhi, Inc. (NYSE: VHI) reported net income attributable to Valhi stockholders of $14.8 million, or $.52
      per share, in the first quarter of 2021 compared to net income of $24.4 million, or $.86 per share, in the first quarter of 2020.&#160; Net income attributable to Valhi stockholders decreased in the first quarter of 2021 as compared to the first quarter
      of 2020 primarily due to lower operating results from our Chemicals Segment and lower income from tax increment infrastructure reimbursement from our Real Estate Management and Development Segment in 2021.</div>
    <div style="text-align: justify; text-indent: 36pt; margin-top: 12pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">The Chemicals Segment&#8217;s net sales were $465.0 million in the first quarter of 2021 compared to $421.0 million in the
      first quarter of 2020. The Chemicals Segment&#8217;s net sales increased in the first quarter of 2021 primarily due to higher sales volumes partially offset by lower average TiO<sub style="vertical-align: bottom; line-height: 1; font-size: smaller;">2</sub> selling prices.&#160; TiO<sub style="vertical-align: bottom; line-height: 1; font-size: smaller;">2 </sub>sales volumes were 3% higher in
      the first quarter of 2021 as compared to the first quarter of 2020 primarily due to higher demand in North American and Latin American markets partially offset by lower sales volumes in the European market.&#160; The Chemicals Segment&#8217;s average TiO<sub style="vertical-align: bottom; line-height: 1; font-size: smaller;">2</sub>
      selling prices were 1% lower in the first quarter of 2021 as compared to the first quarter of 2020 and TiO<sub style="vertical-align: bottom; line-height: 1; font-size: smaller;">2</sub> selling prices at the end of the first quarter of 2021 were 1% higher than at the end of 2020.&#160; TiO<sub style="vertical-align: bottom; line-height: 1; font-size: smaller;">2</sub> selling prices will
      increase or decrease generally as a result of competitive market pressures, changes in the relative level of supply and demand as well as changes in raw material and other manufacturing costs. Fluctuations in currency exchange rates (primarily the
      euro) also affected net sales comparisons, increasing our Chemicals Segment&#8217;s net sales by approximately $20 million in the first quarter of 2021 as compared to the first quarter of 2020. The table at the end of this press release shows how each of
      these items impacted net sales.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">The Chemicals Segment&#8217;s operating income in the first quarter of 2021 was $37.7 million as compared to $46.8 million in the first
      quarter of 2020. The Chemicals Segment&#8217;s operating income decreased in the first quarter of 2021 as compared to the first quarter of 2020 primarily due to the net effects of fluctuations in currency exchange rates, which decreased operating income by
      approximately $16 million in the first quarter of 2021 as compared to the first quarter of 2020, lower average TiO<sub style="vertical-align: bottom; line-height: 1; font-size: smaller;">2</sub> selling prices, higher sales volumes and lower production costs. Due to the phase-out of sulfate production at one of its
      facilities in the fourth quarter of 2020, the Chemicals Segment&#8217;s TiO<sub style="vertical-align: bottom; line-height: 1; font-size: smaller;">2</sub> production volumes were 1% lower in the first quarter of 2021 as compared to the first quarter of 2020. The Chemicals Segment&#8217;s production facilities operated at
      overall average capacity utilization rates of 97% and 95% in the first quarters of 2021 and 2020, respectively.</div>
    <div style="text-align: justify; text-indent: 36pt; margin-top: 6pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">The Component Products Segment&#8217;s net sales were $35.9 million in the first quarter of 2021 compared to $32.3 million in
      the first quarter of 2020.&#160; <font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">The Component Products Segment&#8217;s net sales i</font>ncreased <font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">primarily

        due</font> to higher marine components sales to the towboat market and to a lesser extent higher security products sales. The higher marine components sales reflect the overall increase in demand in the recreational marine market which began in
      late spring 2020.&#160; Operating income attributable to the Component Products Segment was<font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"> $5.8 million in</font> the first quarter of 2021 <font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">compared to $5.0 million in the first quarter of 2020. </font>The Component Products Segment&#8217;s operating income increased in the first quarter of 2021 compared to the first quarter of 2020 due to the
      higher marine components sales as well as lower overall employee medical expenses for both security products and marine components, partially offset by higher cost of sales for security products.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">The Real Estate Management and Development Segment had sales of $8.1 million in the first quarter of 2021, including $6.6 million in
      revenue on sales of land held for development, compared to sales of $6.0 million in the first quarter of 2020, including $3.6 million in revenue on sales of land held for development. Land sales revenue is generally recognized over time based on cost
      inputs, and land sales revenues are dependent on spending for development activities as we balance development requirements with home builder output during the year.&#160; Land sales revenues are also impacted by the relative timing of when new land
      parcel sales are closed.&#160; Land sales revenues increased in the first quarter of 2021 as compared to the first quarter of 2020 primarily due to an increase in the amount of acreage sold in 2021 as compared to 2020. The Real Estate Management and
      Development Segment had operating income in the first quarter of 2021 of $7.8 million compared to operating income of $19.2 million in the first quarter of 2020.&#160; Operating income in the first quarter of 2021 includes income related to the
      recognition of tax increment reimbursement note receivables of $6.2 million ($3.2 million, or $.11 per share, net of income taxes and noncontrolling interest) compared to $19.1 million ($9.9 million, or $.35 per share, net of income taxes and
      noncontrolling interest) of such income recognized in the first quarter of 2020.</div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: normal; font-style: normal;">Page 1 of 5</font></div>
      <div id="DSPFPageBreak" style="page-break-after: always;">
        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
    </div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 24.5pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Corporate expenses in the first quarter of 2021 were comparable to the first quarter of 2020. In the first quarter of 2020, Kronos
      recognized a $1.5 million insurance settlement gain ($.8 million, or $.03 per share, net of income taxes and noncontrolling interest) related to a property damage claim.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 24.5pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">The statements in this press release relating to matters that are not historical facts are forward-looking statements that represent
      management's beliefs and assumptions based on currently available information.&#160; Although we believe the expectations reflected in such forward-looking statements are reasonable, we cannot give any assurances that these expectations will be correct.&#160;
      Such statements by their nature involve substantial risks and uncertainties that could significantly impact expected results, and actual future results could differ materially from those predicted. While it is not possible to identify all factors, we
      continue to face many risks and uncertainties.&#160; Among the factors that could cause our actual future results to differ materially include, but are not limited to, the following:</div>
    <div style="text-align: justify; text-indent: 24.5pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> <br>
    </div>
    <div style="text-align: justify; text-indent: 24.5pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">
      <div><br>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zb01575bd00884acfa8cd7dc85bea2c0f">

            <tr>
              <td style="width: 49pt; vertical-align: top; align: right;">
                <div style="text-align: left; margin-left: 24.5pt; margin-top: 6pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">&#8226;</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="text-align: justify; margin-top: 6pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Future supply and demand for our products;</div>
              </td>
            </tr>

        </table>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z8e02d3c17d55401a92269fd28f81f3a7">

            <tr>
              <td style="width: 49pt; vertical-align: top; align: right;">
                <div style="text-align: left; margin-left: 24.5pt; margin-top: 6pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">&#8226;</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="text-align: justify; margin-top: 6pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">The extent of the dependence of certain of our businesses on certain market sectors;</div>
              </td>
            </tr>

        </table>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z7d6c94f39fda46cbb20e81c104f1b5d2">

            <tr>
              <td style="width: 49pt; vertical-align: top; align: right;">
                <div style="text-align: left; margin-left: 24.5pt; margin-top: 6pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">&#8226;</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="text-align: justify; margin-top: 6pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">The cyclicality of certain of our businesses (such as Kronos&#8217; TiO<sub style="vertical-align: bottom; line-height: 1; font-size: smaller;">2</sub> operations);</div>
              </td>
            </tr>

        </table>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zad93e7396b3b4377a4d19b0f2d310f16">

            <tr>
              <td style="width: 49pt; vertical-align: top; align: right;">
                <div style="text-align: left; margin-left: 24.5pt; margin-top: 6pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">&#8226;</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="text-align: justify; margin-top: 6pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Customer and producer inventory levels;</div>
              </td>
            </tr>

        </table>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z4d9b182322f14a269bc597c6cb3618a4">

            <tr>
              <td style="width: 49pt; vertical-align: top; align: right;">
                <div style="text-align: left; margin-left: 24.5pt; margin-top: 6pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">&#8226;</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="text-align: justify; margin-top: 6pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Unexpected or earlier-than-expected industry capacity expansion (such as the TiO<sub style="vertical-align: bottom; line-height: 1; font-size: smaller;">2</sub> industry);</div>
              </td>
            </tr>

        </table>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zb85039df1b01402cbd1541f7d4bb4fb4">

            <tr>
              <td style="width: 49pt; vertical-align: top; align: right;">
                <div style="text-align: left; margin-left: 24.5pt; margin-top: 6pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">&#8226;</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="text-align: justify; margin-top: 6pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Changes in raw material and other operating costs (such as ore, zinc, brass, aluminum, steel and energy costs);</div>
              </td>
            </tr>

        </table>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z0226683204b845ed8c92b4eb44f9f70b">

            <tr>
              <td style="width: 49pt; vertical-align: top; align: right;">
                <div style="text-align: left; margin-left: 24.5pt; margin-top: 6pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">&#8226;</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="text-align: justify; margin-top: 6pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Changes in the availability of raw materials (such as ore);</div>
              </td>
            </tr>

        </table>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z7ec826c2969d47e2882c233f5c1ef683">

            <tr>
              <td style="width: 49pt; vertical-align: top; align: right;">
                <div style="text-align: left; margin-left: 24.5pt; margin-top: 6pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">&#8226;</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="text-align: justify; margin-top: 6pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">General global economic and political conditions that harm the worldwide economy, disrupt our supply chain, increase material
                  costs, reduce demand or perceived demand for TiO<sub style="vertical-align: bottom; line-height: 1; font-size: smaller;">2, </sub>component products and land held for sale or impair our ability to operate our facilities (including changes in the level of gross domestic product in various regions of the
                  world, natural disasters, terrorist acts, global conflicts and public health crises such as COVID-19);</div>
              </td>
            </tr>

        </table>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z0fc1671f12a0429fbe88b48d72c9b76c">

            <tr>
              <td style="width: 49pt; vertical-align: top; align: right;">
                <div style="text-align: left; margin-left: 24.5pt; margin-top: 6pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">&#8226;</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="text-align: justify; margin-top: 6pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Competitive products and substitute products;</div>
              </td>
            </tr>

        </table>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z2e610ced307c4d7abc022a1829c88eb0">

            <tr>
              <td style="width: 49pt; vertical-align: top; align: right;">
                <div style="text-align: left; margin-left: 24.5pt; margin-top: 6pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">&#8226;</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="text-align: justify; margin-top: 6pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Customer and competitor strategies;</div>
              </td>
            </tr>

        </table>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z230eb0800a234de9bb6adbff0755dde8">

            <tr>
              <td style="width: 49pt; vertical-align: top; align: right;">
                <div style="text-align: left; margin-left: 24.5pt; margin-top: 6pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">&#8226;</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="text-align: justify; margin-top: 6pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Potential difficulties in integrating future acquisitions;</div>
              </td>
            </tr>

        </table>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z5483d11e9fc64a2aab2706a8342fe5ff">

            <tr>
              <td style="width: 49pt; vertical-align: top; align: right;">
                <div style="text-align: left; margin-left: 24.5pt; margin-top: 6pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">&#8226;</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="text-align: justify; margin-top: 6pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Potential difficulties in upgrading or implementing accounting and manufacturing software systems;</div>
              </td>
            </tr>

        </table>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zc76744a8c2414c639c3ce2d2675b3986">

            <tr>
              <td style="width: 49pt; vertical-align: top; align: right;">
                <div style="text-align: left; margin-left: 24.5pt; margin-top: 6pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">&#8226;</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="text-align: justify; margin-top: 6pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Potential consolidation of our competitors;</div>
              </td>
            </tr>

        </table>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zbfad6455190d4a2a93fb923d4014cc89">

            <tr>
              <td style="width: 49pt; vertical-align: top; align: right;">
                <div style="text-align: left; margin-left: 24.5pt; margin-top: 6pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">&#8226;</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="text-align: justify; margin-top: 6pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Potential consolidation of our customers;</div>
              </td>
            </tr>

        </table>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zfbe0c01387e74181a56951dc9bf7ea54">

            <tr>
              <td style="width: 49pt; vertical-align: top; align: right;">
                <div style="text-align: left; margin-left: 24.5pt; margin-top: 6pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">&#8226;</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="text-align: justify; margin-top: 6pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">The impact of pricing and production decisions;</div>
              </td>
            </tr>

        </table>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zd9831470805e4a8399eaf1445c70bc78">

            <tr>
              <td style="width: 49pt; vertical-align: top; align: right;">
                <div style="text-align: left; margin-left: 24.5pt; margin-top: 6pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">&#8226;</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="text-align: justify; margin-top: 6pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Competitive technology positions;</div>
              </td>
            </tr>

        </table>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zac300c2572c94767a96d8e5b9cec4ea2">

            <tr>
              <td style="width: 49pt; vertical-align: top; align: right;">
                <div style="text-align: left; margin-left: 24.5pt; margin-top: 6pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">&#8226;</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="text-align: justify; margin-top: 6pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Our ability to protect or defend intellectual property rights;</div>
              </td>
            </tr>

        </table>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z7795e032b786460e9b02470b893ed043">

            <tr>
              <td style="width: 49pt; vertical-align: top; align: right;">
                <div style="text-align: left; margin-left: 24.5pt; margin-top: 6pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">&#8226;</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="text-align: justify; margin-top: 6pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">The introduction of trade barriers or trade disputes;</div>
              </td>
            </tr>

        </table>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z0a1fe564188e43209f5347c1c74bac71">

            <tr>
              <td style="width: 49pt; vertical-align: top; align: right;">
                <div style="text-align: left; margin-left: 24.5pt; margin-top: 6pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">&#8226;</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="text-align: justify; margin-top: 6pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">The ability of our subsidiaries to pay us dividends;</div>
              </td>
            </tr>

        </table>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z0cf98d92c795495f8c6f1c143a45abfc">

            <tr>
              <td style="width: 49pt; vertical-align: top; align: right;">
                <div style="text-align: left; margin-left: 24.5pt; margin-top: 6pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">&#8226;</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="text-align: justify; margin-top: 6pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">The impact of current or future government regulations (including employee healthcare benefit related regulations);</div>
              </td>
            </tr>

        </table>
      </div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
        <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: normal; font-style: normal;">Page 2 of 5</font></div>
        <div style="page-break-after:always;" id="DSPFPageBreak">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div><br>
      </div>
      <div style="margin-top: 6pt;"><br>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="ze5fcc25d480245818cf005f0eb824f4a">

            <tr>
              <td style="width: 49pt; vertical-align: top; align: right;">
                <div style="text-align: left; margin-left: 24.5pt; margin-top: 6pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">&#8226;</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="text-align: justify; margin-top: 6pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Uncertainties associated with new product development and the development of new product features;</div>
              </td>
            </tr>

        </table>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z127cd52560794ad6b58b025e2c9fecd3">

            <tr>
              <td style="width: 49pt; vertical-align: top; align: right;">
                <div style="text-align: left; margin-left: 24.5pt; margin-top: 6pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">&#8226;</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="text-align: justify; margin-top: 6pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Fluctuations in currency exchange rates (such as changes in the exchange rate between the U.S. dollar and each of the euro,
                  the Norwegian krone and the Canadian dollar) or possible disruptions to our business resulting from uncertainties associated with the euro or other currencies;</div>
              </td>
            </tr>

        </table>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z6f9bf5d71a4b4367bace1c0374ed4493">

            <tr>
              <td style="width: 49pt; vertical-align: top; align: right;">
                <div style="text-align: left; margin-left: 24.5pt; margin-top: 6pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">&#8226;</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="text-align: justify; margin-top: 6pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Operating interruptions (including, but not limited to, labor disputes, leaks, natural disasters, fires, explosions,
                  unscheduled or unplanned downtime, transportation interruptions, cyber-attacks and public health crises such as COVID-19);</div>
              </td>
            </tr>

        </table>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z6a2e98355019454dbd5c3a4e27889b55">

            <tr>
              <td style="width: 49pt; vertical-align: top; align: right;">
                <div style="text-align: left; margin-left: 24.5pt; margin-top: 6pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">&#8226;</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="text-align: justify; margin-top: 6pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Decisions to sell operating assets other than in the ordinary course of business;</div>
              </td>
            </tr>

        </table>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zf4e2d88a90294751a90adea6c8a4748b">

            <tr>
              <td style="width: 49pt; vertical-align: top; align: right;">
                <div style="text-align: left; margin-left: 24.5pt; margin-top: 6pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">&#8226;</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="text-align: justify; margin-top: 6pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">The timing and amounts of insurance recoveries;</div>
              </td>
            </tr>

        </table>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z336bdd0866e44b1e9dc6638bc7db0a62">

            <tr>
              <td style="width: 49pt; vertical-align: top; align: right;">
                <div style="text-align: left; margin-left: 24.5pt; margin-top: 6pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">&#8226;</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="text-align: justify; margin-top: 6pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Our ability to renew, amend, refinance or establish credit facilities;</div>
              </td>
            </tr>

        </table>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z1b43263be371478eaf1a204fb0f12e95">

            <tr>
              <td style="width: 49pt; vertical-align: top; align: right;">
                <div style="text-align: left; margin-left: 24.5pt; margin-top: 6pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">&#8226;</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="text-align: justify; margin-top: 6pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Our ability to maintain sufficient liquidity;</div>
              </td>
            </tr>

        </table>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="ze136e85db5b642b1993e8ea0843f2c9a">

            <tr>
              <td style="width: 49pt; vertical-align: top; align: right;">
                <div style="text-align: left; margin-left: 24.5pt; margin-top: 6pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">&#8226;</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="text-align: justify; margin-top: 6pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">The ultimate outcome of income tax audits, tax settlement initiatives or other tax matters, including future tax reform;</div>
              </td>
            </tr>

        </table>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z387f9044fa6e4213b0cf8e081221db74">

            <tr>
              <td style="width: 49pt; vertical-align: top; align: right;">
                <div style="text-align: left; margin-left: 24.5pt; margin-top: 6pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">&#8226;</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="text-align: justify; margin-top: 6pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Our ability to utilize income tax attributes, the benefits of which may or may not have been recognized under the
                  more-likely-than-not recognition criteria;</div>
              </td>
            </tr>

        </table>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zcbdf745820a745c98e48bf9045efa6f3">

            <tr>
              <td style="width: 49pt; vertical-align: top; align: right;">
                <div style="text-align: left; margin-left: 24.5pt; margin-top: 6pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">&#8226;</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="text-align: justify; margin-top: 6pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Environmental matters (such as those requiring compliance with emission and discharge standards for existing and new
                  facilities, or new developments regarding environmental remediation at sites related to our former operations);</div>
              </td>
            </tr>

        </table>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zb5367b1a45054d86ad3c6975b0f64c55">

            <tr>
              <td style="width: 49pt; vertical-align: top; align: right;">
                <div style="text-align: left; margin-left: 24.5pt; margin-top: 6pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">&#8226;</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="text-align: justify; margin-top: 6pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Government laws and regulations and possible changes therein (such as changes in government regulations which might impose
                  various obligations on former manufacturers of lead pigment and lead-based paint, including NL, with respect to asserted health concerns associated with the use of such products) including new environmental health and safety regulations
                  such as those seeking to limit or classify TiO<sub style="vertical-align: bottom; line-height: 1; font-size: smaller;">2 </sub>or its use;</div>
              </td>
            </tr>

        </table>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z67697f0ce8c9449f9b2e07511060c82b">

            <tr>
              <td style="width: 49pt; vertical-align: top; align: right;">
                <div style="text-align: left; margin-left: 24.5pt; margin-top: 6pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">&#8226;</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="text-align: justify; margin-top: 6pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">The ultimate resolution of pending litigation (such as NL&#8217;s lead pigment and environmental matters);</div>
              </td>
            </tr>

        </table>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z22dbe67edf9d40d6aa858c8d96670d43">

            <tr>
              <td style="width: 49pt; vertical-align: top; align: right;">
                <div style="text-align: left; margin-left: 24.5pt; margin-top: 6pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">&#8226;</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="text-align: justify; margin-top: 6pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Our ability to comply with covenants contained in our revolving bank credit facilities;</div>
              </td>
            </tr>

        </table>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z9db8d50a2bc1462ea8f3a2aef14a869f">

            <tr>
              <td style="width: 49pt; vertical-align: top; align: right;">
                <div style="text-align: left; margin-left: 24.5pt; margin-top: 6pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">&#8226;</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="text-align: justify; margin-top: 6pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Our ability to complete and comply with the conditions of our licenses and permits;</div>
              </td>
            </tr>

        </table>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z7e15d86dbe974312a6179afee36c852e">

            <tr>
              <td style="width: 49pt; vertical-align: top; align: right;">
                <div style="text-align: left; margin-left: 24.5pt; margin-top: 6pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">&#8226;</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="text-align: justify; margin-top: 6pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Changes in real estate values and construction costs in Henderson, Nevada;</div>
              </td>
            </tr>

        </table>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z03775433aba34380a9599a079c3f99e8">

            <tr>
              <td style="width: 49pt; vertical-align: top; align: right;">
                <div style="text-align: left; margin-left: 24.5pt; margin-top: 6pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">&#8226;</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="text-align: justify; margin-top: 6pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Water levels in Lake Mead; and</div>
              </td>
            </tr>

        </table>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z4a2772bf5a0743b291d573ee4c1e3152">

            <tr>
              <td style="width: 49pt; vertical-align: top; align: right;">
                <div style="text-align: left; margin-left: 24.5pt; margin-top: 6pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">&#8226;</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="text-align: justify; margin-top: 6pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Possible future litigation.</div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <br>
    <div style="text-align: justify; text-indent: 36pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Should one or more of these risks materialize (or the consequences of such development worsen), or should the underlying assumptions
      prove incorrect, actual results could differ materially from those currently forecasted or expected.&#160; We disclaim any intention or obligation to update or revise any forward-looking statement whether as a result of changes in information, future
      events or otherwise.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Valhi, Inc. is engaged in the chemicals (TiO<sub style="vertical-align: bottom; line-height: 1; font-size: smaller;">2</sub>), component products (security products and recreational marine components) and
      real estate management and development industries.</div>
    <div><br>
    </div>
    <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">* * * * *</div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: normal; font-style: normal;">Page 3 of 5</font></div>
      <div style="page-break-after:always;" id="DSPFPageBreak">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" id="z147211a8feba4c70adcc562dc1f209af" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left; color: #000000; width: 100%;">

        <tr>
          <td valign="bottom" colspan="8" style="vertical-align: bottom;">
            <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;">VALHI, INC. AND SUBSIDIARIES</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" colspan="8" style="vertical-align: bottom;">
            <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;">CONDENSED SUMMARY OF INCOME</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" colspan="8" style="vertical-align: bottom;">
            <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;">(In millions, except earnings per share)</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="6" style="vertical-align: bottom;">
            <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;">Three months ended</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="6" style="vertical-align: bottom; border-bottom: #000000 solid 2px;">
            <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;">March 31,</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: bottom; border-bottom: #000000 solid 2px;">
            <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;"> 2020</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: bottom; border-bottom: #000000 solid 2px;">
            <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;">2021</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="6" style="vertical-align: bottom;">
            <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;">(unaudited)</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: bottom;">
            <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;">Net sales</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 76%; background-color: #CCEEFF;">
            <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">&#160;&#160;&#160;&#160;Chemicals</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: #CCEEFF;">
            <div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt;">$</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">
            <div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt;">421.0</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: #CCEEFF;">
            <div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;">$</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">
            <div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;">465.0</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 76%;">
            <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">&#160;&#160;&#160;&#160;Component products</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt;">32.3</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;">35.9</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 76%; padding-bottom: 2px; background-color: #CCEEFF;">
            <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">&#160;&#160;&#160;&#160;Real estate management and development</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;">
            <div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt;">6.0</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;">
            <div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;">8.1</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 76%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 76%; padding-bottom: 4px; background-color: #CCEEFF;">
            <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Total net sales</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF;">
            <div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt;">$</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF;">
            <div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt;">459.3</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF;">
            <div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;">$</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF;">
            <div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;">509.0</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 76%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 76%; background-color: #CCEEFF;">
            <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;">Operating income</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 76%;">
            <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">&#160;&#160;&#160;&#160;Chemicals</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%;">
            <div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt;">$</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt;">46.8</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%;">
            <div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;">$</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;">37.7</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 76%; background-color: #CCEEFF;">
            <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">&#160;&#160;&#160;&#160;Component products</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">
            <div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt;">5.0</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">
            <div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;">5.8</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 76%; padding-bottom: 2px;">
            <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">&#160;&#160;&#160;&#160;Real estate management and development</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px;">
            <div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt;">19.2</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px;">
            <div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;">7.8</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 76%; background-color: #CCEEFF;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 76%;">
            <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Total operating income</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt;">71.0</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;">51.3</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 76%; background-color: #CCEEFF;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 76%;">
            <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">General corporate items:</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 76%; background-color: #CCEEFF;">
            <div style="text-align: left; margin-left: 6.85pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Securities earnings</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">
            <div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt;">1.6</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">
            <div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;">.9</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 76%;">
            <div style="text-align: left; margin-left: 6.85pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Insurance recoveries</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt;">1.6</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;">-</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 76%; background-color: #CCEEFF;">
            <div style="text-align: left; margin-left: 6.85pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Changes in market value of Valhi common stock held by subsidiaries</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">
            <div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt;">(2.4</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: #CCEEFF;">
            <div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt;">)</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">
            <div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;">1.3</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 76%;">
            <div style="text-align: left; margin-left: 6.85pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Other components of net periodic pension and OPEB expense</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt;">(4.7</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%;">
            <div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt;">)</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;">(4.3</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%;">
            <div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;">)</div>
          </td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 76%; background-color: #CCEEFF;">
            <div style="text-align: left; margin-left: 6.85pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">General expenses, net</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">
            <div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt;">(8.1</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: #CCEEFF;">
            <div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt;">)</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">
            <div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;">(8.1</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: #CCEEFF;">
            <div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;">)</div>
          </td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 76%; padding-bottom: 2px;">
            <div style="text-align: left; margin-left: 6.85pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Interest expense</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px;">
            <div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt;">(9.7</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; padding-bottom: 2px;">
            <div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt;">)</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px;">
            <div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;">(8.6</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; padding-bottom: 2px;">
            <div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;">)</div>
          </td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 76%; background-color: #CCEEFF;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 76%;">
            <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">Income before income taxes</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt;">49.3</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;">32.5</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 76%; background-color: #CCEEFF;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 76%; padding-bottom: 2px;">
            <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Income tax expense</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px;">
            <div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt;">11.4</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px;">
            <div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;">8.0</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 76%; background-color: #CCEEFF;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 76%;">
            <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Net income</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt;">37.9</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;">24.5</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 76%; background-color: #CCEEFF;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 76%; padding-bottom: 2px;">
            <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Noncontrolling interest in net income of subsidiaries</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px;">
            <div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt;">13.5</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px;">
            <div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;">9.7</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 76%; background-color: #CCEEFF;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 76%; padding-bottom: 4px;">
            <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Net income attributable to Valhi stockholders</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px;">
            <div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt;">$</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px;">
            <div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt;">24.4</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; padding-bottom: 4px;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px;">
            <div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;">$</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px;">
            <div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;">14.8</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; padding-bottom: 4px;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 76%; background-color: #CCEEFF;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 76%;">
            <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Amounts attributable to Valhi stockholders:</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 76%; background-color: #CCEEFF;">
            <div style="text-align: left; margin-left: 6.85pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Basic and diluted net income per share</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: #CCEEFF;">
            <div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt;">$</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">
            <div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt;">.86</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: #CCEEFF;">
            <div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;">$</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">
            <div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;">.52</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 76%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 76%; background-color: #CCEEFF;">
            <div style="text-align: left; margin-left: 6.85pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Basic and diluted weighted average shares outstanding</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">
            <div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt;">28.5</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">
            <div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;">28.5</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
        </tr>

    </table>
    <div><br>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: normal; font-style: normal;">Page 4 of 5</font></div>
      <div id="DSPFPageBreak" style="page-break-after: always;">
        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
    </div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" id="z3e4356c2e4894e639ead9f4496f8b22f">

        <tr>
          <td colspan="6" style="width: 100%; vertical-align: bottom;">
            <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;">VALHI, INC. AND SUBSIDIARIES</div>
          </td>
        </tr>
        <tr>
          <td colspan="6" style="width: 100%; vertical-align: bottom;">
            <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;">IMPACT OF PERCENTAGE CHANGE IN CHEMICALS SEGMENT'S NET SALES</div>
          </td>
        </tr>
        <tr>
          <td colspan="6" style="width: 100%; vertical-align: bottom;">
            <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;">(Unaudited)</div>
          </td>
        </tr>
        <tr>
          <td colspan="6" style="width: 100%; vertical-align: bottom;">&#160;</td>
        </tr>
        <tr>
          <td colspan="6" style="width: 100%; vertical-align: bottom;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 59.36%; vertical-align: bottom;">&#160;</td>
          <td colspan="5" style="width: 40.64%; vertical-align: bottom;">
            <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;">Three months ended</div>
          </td>
        </tr>
        <tr>
          <td style="width: 59.36%; vertical-align: bottom;">&#160;</td>
          <td colspan="5" style="width: 40.64%; vertical-align: bottom;">
            <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;">March 31,</div>
          </td>
        </tr>
        <tr>
          <td style="width: 59.36%; vertical-align: bottom;">&#160;</td>
          <td colspan="5" style="width: 40.64%; vertical-align: bottom; border-bottom: #000000 2px solid;">
            <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;">2021 vs. 2020</div>
          </td>
        </tr>
        <tr>
          <td style="width: 59.36%; vertical-align: bottom;">&#160;</td>
          <td style="width: 18.08%; vertical-align: bottom;">&#160;</td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">&#160;</td>
          <td nowrap="nowrap" style="width: 7.14%; vertical-align: bottom;">&#160;</td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">&#160;</td>
          <td style="width: 13.42%; vertical-align: bottom;">&#160;</td>
        </tr>
        <tr>
          <td colspan="6" style="width: 100%; vertical-align: bottom;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 59.36%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
            <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Percentage change in TiO<sub style="vertical-align: bottom; line-height: 1; font-size: smaller;">2</sub> net sales :</div>
          </td>
          <td style="width: 18.08%; vertical-align: bottom; background-color: rgb(204, 238, 255);">&#160;</td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom; background-color: rgb(204, 238, 255);">&#160;</td>
          <td nowrap="nowrap" style="width: 7.14%; vertical-align: bottom; background-color: rgb(204, 238, 255);">&#160;</td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom; background-color: rgb(204, 238, 255);">&#160;</td>
          <td style="width: 13.42%; vertical-align: bottom; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td style="width: 59.36%; vertical-align: bottom;">
            <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">&#160;&#160;&#160;&#160;&#160;&#160;TiO<sub style="vertical-align: bottom; line-height: 1; font-size: smaller;">2</sub> sales volumes</div>
          </td>
          <td style="width: 18.08%; vertical-align: bottom;">&#160;</td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">&#160;</td>
          <td nowrap="nowrap" style="width: 7.14%; vertical-align: bottom;">
            <div style="text-align: right; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">3</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">&#160;</td>
          <td style="width: 13.42%; vertical-align: bottom;">
            <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">%</div>
          </td>
        </tr>
        <tr>
          <td style="width: 59.36%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
            <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">&#160;&#160;&#160;&#160;&#160;&#160;TiO<sub style="vertical-align: bottom; line-height: 1; font-size: smaller;">2</sub> product pricing</div>
          </td>
          <td style="width: 18.08%; vertical-align: bottom; background-color: rgb(204, 238, 255);">&#160;</td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom; background-color: rgb(204, 238, 255);">&#160;</td>
          <td nowrap="nowrap" style="width: 7.14%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
            <div style="text-align: right; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">(1</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
            <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">)</div>
          </td>
          <td style="width: 13.42%; vertical-align: bottom; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td style="width: 59.36%; vertical-align: bottom;">
            <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">&#160;&#160;&#160;&#160;&#160;&#160;TiO<sub style="vertical-align: bottom; line-height: 1; font-size: smaller;">2</sub> product mix/other</div>
          </td>
          <td style="width: 18.08%; vertical-align: bottom;">&#160;</td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">&#160;</td>
          <td nowrap="nowrap" style="width: 7.14%; vertical-align: bottom;">
            <div style="text-align: right; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">3</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">&#160;</td>
          <td style="width: 13.42%; vertical-align: bottom;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 59.36%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
            <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">&#160;&#160;&#160;&#160;&#160;&#160;Changes in currency exchange rates</div>
          </td>
          <td style="width: 18.08%; vertical-align: bottom; background-color: rgb(204, 238, 255);">&#160;</td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td nowrap="nowrap" style="width: 7.14%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div style="text-align: right; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">5</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom; background-color: rgb(204, 238, 255);">&#160;</td>
          <td style="width: 13.42%; vertical-align: bottom; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td style="width: 59.36%; vertical-align: bottom;">&#160;</td>
          <td style="width: 18.08%; vertical-align: bottom;">&#160;</td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">&#160;</td>
          <td nowrap="nowrap" style="width: 7.14%; vertical-align: bottom;">&#160;</td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">&#160;</td>
          <td style="width: 13.42%; vertical-align: bottom;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 59.36%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
            <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Total</div>
          </td>
          <td style="width: 18.08%; vertical-align: bottom; background-color: rgb(204, 238, 255);">&#160;</td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td nowrap="nowrap" style="width: 7.14%; vertical-align: bottom; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div style="text-align: right; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">10</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom; background-color: rgb(204, 238, 255);">&#160;</td>
          <td style="width: 13.42%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
            <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">%</div>
          </td>
        </tr>
        <tr>
          <td style="width: 59.36%; vertical-align: bottom;">&#160;</td>
          <td style="width: 18.08%; vertical-align: bottom;">&#160;</td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">&#160;</td>
          <td nowrap="nowrap" style="width: 7.14%; vertical-align: bottom;">&#160;</td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">&#160;</td>
          <td style="width: 13.42%; vertical-align: bottom;">&#160;</td>
        </tr>

    </table>
    <div><br>
    </div>
  </div>
  <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: normal; font-style: normal;">Page 5 of 5</font></div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.2
<SEQUENCE>3
<FILENAME>exh992.htm
<DESCRIPTION>DESCRIPTION OF THE REGISTRANT'S CAPITAL STOCK
<TEXT>
<html>
  <head>
    <title></title>
    <!-- Licensed to: Contran Corporation
         Document created using EDGARfilings PROfile 7.4.1.0
         Copyright 1995 - 2021 Broadridge -->
  </head>
<body bgcolor="#ffffff" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left; color: #000000;">
  <div>
    <div style="text-align: right; font-family: 'Times New Roman', Times, serif; font-size: 12pt;">Exhibit 99.2</div>
    <div><br>
    </div>
    <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 12pt; font-weight: bold;">Valhi, Inc.</div>
    <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 12pt; font-weight: bold;">Description of<a name="Exhibit99.2"><!--Anchor--></a> Capital Stock</div>
    <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 12pt; font-weight: bold;">May 6, 2021</div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="text-align: justify; margin-left: 24.5pt; margin-bottom: 12pt; font-family: 'Times New Roman', Times, serif; font-size: 12pt; font-style: italic; font-weight: bold;">General</div>
    <div style="text-align: justify; text-indent: 24.5pt; margin-bottom: 12pt; font-family: 'Times New Roman', Times, serif; font-size: 12pt;">Our third amended and restated certificate of incorporation, as amended, authorizes the issuance of 50,500,000
      shares of all classes of stock, consisting of 50,000,000 shares of common stock, $.01 par value per share, and 500,000 shares of preferred stock, $.01 par value per share.</div>
    <div style="text-align: justify; margin-left: 24.5pt; margin-bottom: 12pt; font-family: 'Times New Roman', Times, serif; font-size: 12pt; font-style: italic; font-weight: bold;">Common Stock</div>
    <div style="text-align: justify; text-indent: 24.5pt; margin-bottom: 12pt; font-family: 'Times New Roman', Times, serif; font-size: 12pt;"><font style="font-size: 12pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">Common Stock
        Outstanding</font><font style="font-size: 12pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">.</font>&#160; As of April 30, 2021, there were 28,273,093 shares of our common stock issued and outstanding for voting purposes.&#160; In
      addition to those shares of our common stock, as of April 30, 2021 there were another 1,341,489 shares of our common stock issued and owned by majority-owned subsidiaries of ours; pursuant to Delaware law, we treat those shares as treasury stock for
      voting purposes.&#160; The outstanding shares of our common stock are duly authorized, validly issued, fully paid and nonassessable.</div>
    <div style="text-align: justify; text-indent: 24.5pt; margin-bottom: 12pt; font-family: 'Times New Roman', Times, serif; font-size: 12pt;"><font style="font-size: 12pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">Voting Rights.</font>&#160;
      Each holder of our common stock is entitled to one vote for each share of our common stock held of record on the applicable record date on all matters submitted to a vote of our stockholders, except as described above regarding shares owned by
      majority-owned subsidiaries.</div>
    <div style="text-align: justify; text-indent: 24.5pt; margin-bottom: 12pt; font-family: 'Times New Roman', Times, serif; font-size: 12pt;"><font style="font-size: 12pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">Dividend Rights</font>.&#160;


      Holders of our common stock, including majority-owned subsidiaries holding our stock, are entitled to receive such dividends as may be declared from time to time by our board of directors out of funds legally available for dividends, subject to any
      preferential dividend rights granted to the holders of any outstanding shares of preferred stock.</div>
    <div style="text-align: justify; text-indent: 24.5pt; margin-bottom: 12pt; font-family: 'Times New Roman', Times, serif; font-size: 12pt;"><font style="font-size: 12pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">Rights upon
        Liquidation</font>.&#160; Holders of our common stock are entitled to share pro rata, upon our liquidation, dissolution or winding up, in all remaining assets available for distribution to stockholders after payment of or provision for our liabilities
      and the liquidation preference of any outstanding preferred stock of ours at that time.</div>
    <div style="text-align: justify; text-indent: 24.5pt; margin-bottom: 12pt; font-family: 'Times New Roman', Times, serif; font-size: 12pt;"><font style="font-size: 12pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">No Preemptive
        Rights</font>.&#160; Holders of our common stock have no preemptive rights to purchase, subscribe for or otherwise acquire any unissued or treasury shares of our common stock or any of our other securities.</div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div style="page-break-after: always;" id="DSPFPageBreak">
        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
    </div>
    <div style="text-align: justify; margin-left: 24.5pt; margin-bottom: 12pt; font-family: 'Times New Roman', Times, serif; font-size: 12pt; font-style: italic; font-weight: bold;">Preferred Stock</div>
    <div style="text-align: justify; text-indent: 24.5pt; margin-bottom: 12pt; font-family: 'Times New Roman', Times, serif; font-size: 12pt;">Under our third amended and restated certificate of incorporation, as amended, our board of directors has the
      authority, without stockholder approval, to create one or more classes or series within a class of preferred stock, to issue up to 500,000 shares of preferred stock in such class or series up to the maximum number of shares of the relevant class or
      series of preferred stock authorized, and to determine the preferences, rights, privileges and restrictions of any such class or series, including the dividend rights, voting rights, the rights and terms of redemption, the rights and terms of
      conversion, liquidation preferences, the number of shares constituting any such class or series and the designation of such class or series. Acting under this authority, our board of directors could create and issue a class or series of preferred
      stock with rights, privileges or restrictions, and adopt a stockholder rights plan, having the effect of discriminating against an existing or prospective holder of securities as a result of such stockholder beneficially owning or commencing a tender
      offer for a substantial amount of our common stock.&#160; One of the effects of authorized but unissued and unreserved shares of preferred stock may be to issue shares of preferred stock with rights superior to our common stock.&#160; Another of the effects of
      authorized but unissued and unreserved shares of capital stock may be to render more difficult or discourage an attempt by a potential acquirer to obtain control of us by means of a merger, tender offer, proxy contest or otherwise, and thereby
      protect the continuity of our management. The issuance of such shares of capital stock may have the effect of delaying, deferring or preventing a change in control of us without any further action by our stockholders.&#160; However, since we are a
      majority-owned subsidiary of our parent companies, it would be difficult for an unrelated party to obtain control of us without the cooperation of our controlling stockholder.&#160; We have no present intention to adopt a stockholder rights plan, but
      could do so without stockholder approval at any future time.</div>
    <div style="text-align: justify; text-indent: 24.5pt; margin-bottom: 12pt; font-family: 'Times New Roman', Times, serif; font-size: 12pt;">As of April 30, 2021, none of the preferred stock is designated as to series.</div>
  </div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.SCH
<SEQUENCE>4
<FILENAME>vhi-20210506.xsd
<DESCRIPTION>XBRL TAXONOMY EXTENSION SCHEMA
<TEXT>
<XBRL>
<?xml version="1.0" encoding="us-ascii"?>
<!--Generated by EDGARfilings PROfile 7.0.0.0 Broadridge-->
<xs:schema targetNamespace="http://valhi.com/20210506" elementFormDefault="qualified" xmlns:xs="http://www.w3.org/2001/XMLSchema" xmlns:vhi="http://valhi.com/20210506" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xbrli="http://www.xbrl.org/2003/instance" xmlns:xbrldt="http://xbrl.org/2005/xbrldt" xmlns:us-types="http://fasb.org/us-types/2019-01-31" xmlns:srt-types="http://fasb.org/srt-types/2019-01-31" xmlns:num="http://www.xbrl.org/dtr/type/numeric" xmlns:nonnum="http://www.xbrl.org/dtr/type/non-numeric" xmlns:dei="http://xbrl.sec.gov/dei/2019-01-31">
  <xs:annotation>
    <xs:appinfo>
      <link:linkbaseRef xlink:type="simple" xlink:href="vhi-20210506_pre.xml" xlink:role="http://www.xbrl.org/2003/role/presentationLinkbaseRef" xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" />
      <link:linkbaseRef xlink:type="simple" xlink:href="vhi-20210506_lab.xml" xlink:role="http://www.xbrl.org/2003/role/labelLinkbaseRef" xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" />
      <link:roleType roleURI="http://valhi.com/role/DocumentAndEntityInformation" id="DocumentAndEntityInformation">
        <link:definition>000100 - Document - Document and Entity Information</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
    </xs:appinfo>
  </xs:annotation>
  <xs:import namespace="http://fasb.org/us-gaap/2019-01-31" schemaLocation="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd" />
  <xs:import namespace="http://xbrl.sec.gov/dei/2019-01-31" schemaLocation="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd" />
  <xs:import namespace="http://xbrl.sec.gov/country/2017-01-31" schemaLocation="https://xbrl.sec.gov/country/2017/country-2017-01-31.xsd" />
  <xs:import namespace="http://xbrl.sec.gov/currency/2019-01-31" schemaLocation="https://xbrl.sec.gov/currency/2019/currency-2019-01-31.xsd" />
  <xs:import namespace="http://xbrl.sec.gov/exch/2019-01-31" schemaLocation="https://xbrl.sec.gov/exch/2019/exch-2019-01-31.xsd" />
  <xs:import namespace="http://xbrl.sec.gov/naics/2017-01-31" schemaLocation="https://xbrl.sec.gov/naics/2017/naics-2017-01-31.xsd" />
  <xs:import namespace="http://xbrl.sec.gov/sic/2011-01-31" schemaLocation="https://xbrl.sec.gov/sic/2011/sic-2011-01-31.xsd" />
  <xs:import namespace="http://www.xbrl.org/2009/role/negated" schemaLocation="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd" />
  <xs:import namespace="http://www.xbrl.org/2009/role/net" schemaLocation="http://www.xbrl.org/lrr/role/net-2009-12-16.xsd" />
  <xs:import namespace="http://xbrl.sec.gov/stpr/2018-01-31" schemaLocation="https://xbrl.sec.gov/stpr/2018/stpr-2018-01-31.xsd" />
  <xs:import namespace="http://www.xbrl.org/2003/instance" schemaLocation="http://www.xbrl.org/2003/xbrl-instance-2003-12-31.xsd" />
  <xs:import namespace="http://www.xbrl.org/2004/ref" schemaLocation="http://www.xbrl.org/2004/ref-2004-08-10.xsd" />
  <xs:import namespace="http://xbrl.org/2005/xbrldt" schemaLocation="http://www.xbrl.org/2005/xbrldt-2005.xsd" />
  <xs:import namespace="http://www.xbrl.org/dtr/type/non-numeric" schemaLocation="http://www.xbrl.org/dtr/type/nonNumeric-2009-12-16.xsd" />
  <xs:import namespace="http://www.xbrl.org/dtr/type/numeric" schemaLocation="http://www.xbrl.org/dtr/type/numeric-2009-12-16.xsd" />
  <xs:import namespace="http://fasb.org/us-types/2019-01-31" schemaLocation="http://xbrl.fasb.org/us-gaap/2019/elts/us-types-2019-01-31.xsd" />
  <xs:import namespace="http://www.xbrl.org/2009/arcrole/fact-explanatoryFact" schemaLocation="http://www.xbrl.org/lrr/arcrole/factExplanatory-2009-12-16.xsd" />
  <xs:import namespace="http://fasb.org/srt/2019-01-31" schemaLocation="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd" />
  <xs:import namespace="http://fasb.org/srt-types/2019-01-31" schemaLocation="http://xbrl.fasb.org/srt/2019/elts/srt-types-2019-01-31.xsd" />
</xs:schema>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.LAB
<SEQUENCE>5
<FILENAME>vhi-20210506_lab.xml
<DESCRIPTION>XBRL TAXONOMY EXTENSION LABEL LINKBASE
<TEXT>
<XBRL>
<?xml version="1.0" encoding="us-ascii"?>
<!--Generated by EDGARfilings PROfile 7.0.0.0 Broadridge-->
<link:linkbase xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xbrli="http://www.xbrl.org/2003/instance">
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/netLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/net-2009-12-16.xsd#netLabel" />
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedTotalLabel" />
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedNetLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedNetLabel" />
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedTerseLabel" />
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedPeriodEndLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedPeriodEndLabel" />
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedPeriodStartLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedPeriodStartLabel" />
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedLabel" />
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_CoverAbstract" xlink:label="CoverAbstract" xlink:title="CoverAbstract" />
    <link:label xlink:type="resource" xlink:label="dei_CoverAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="dei_CoverAbstract_lbl" xml:lang="en-US" id="dei_CoverAbstract_lbl">Cover [Abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CoverAbstract" xlink:to="dei_CoverAbstract_lbl" xlink:title="label: CoverAbstract to dei_CoverAbstract_lbl" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityAddressAddressLine1" xlink:label="EntityAddressAddressLine1" xlink:title="EntityAddressAddressLine1" />
    <link:label xlink:type="resource" xlink:label="dei_EntityAddressAddressLine1_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="dei_EntityAddressAddressLine1_lbl" xml:lang="en-US" id="dei_EntityAddressAddressLine1_lbl">Entity Address, Address Line One</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntityAddressAddressLine1" xlink:to="dei_EntityAddressAddressLine1_lbl" xlink:title="label: EntityAddressAddressLine1 to dei_EntityAddressAddressLine1_lbl" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityAddressAddressLine2" xlink:label="EntityAddressAddressLine2" xlink:title="EntityAddressAddressLine2" />
    <link:label xlink:type="resource" xlink:label="dei_EntityAddressAddressLine2_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="dei_EntityAddressAddressLine2_lbl" xml:lang="en-US" id="dei_EntityAddressAddressLine2_lbl">Entity Address, Address Line Two</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntityAddressAddressLine2" xlink:to="dei_EntityAddressAddressLine2_lbl" xlink:title="label: EntityAddressAddressLine2 to dei_EntityAddressAddressLine2_lbl" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityAddressAddressLine3" xlink:label="EntityAddressAddressLine3" xlink:title="EntityAddressAddressLine3" />
    <link:label xlink:type="resource" xlink:label="dei_EntityAddressAddressLine3_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="dei_EntityAddressAddressLine3_lbl" xml:lang="en-US" id="dei_EntityAddressAddressLine3_lbl">Entity Address, Address Line Three</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntityAddressAddressLine3" xlink:to="dei_EntityAddressAddressLine3_lbl" xlink:title="label: EntityAddressAddressLine3 to dei_EntityAddressAddressLine3_lbl" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_AmendmentFlag" xlink:label="AmendmentFlag" xlink:title="AmendmentFlag" />
    <link:label xlink:type="resource" xlink:label="dei_AmendmentFlag_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="dei_AmendmentFlag_lbl" xml:lang="en-US" id="dei_AmendmentFlag_lbl">Amendment Flag</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AmendmentFlag" xlink:to="dei_AmendmentFlag_lbl" xlink:title="label: AmendmentFlag to dei_AmendmentFlag_lbl" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_CityAreaCode" xlink:label="CityAreaCode" xlink:title="CityAreaCode" />
    <link:label xlink:type="resource" xlink:label="dei_CityAreaCode_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="dei_CityAreaCode_lbl" xml:lang="en-US" id="dei_CityAreaCode_lbl">City Area Code</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CityAreaCode" xlink:to="dei_CityAreaCode_lbl" xlink:title="label: CityAreaCode to dei_CityAreaCode_lbl" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityAddressCityOrTown" xlink:label="EntityAddressCityOrTown" xlink:title="EntityAddressCityOrTown" />
    <link:label xlink:type="resource" xlink:label="dei_EntityAddressCityOrTown_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="dei_EntityAddressCityOrTown_lbl" xml:lang="en-US" id="dei_EntityAddressCityOrTown_lbl">Entity Address, City or Town</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntityAddressCityOrTown" xlink:to="dei_EntityAddressCityOrTown_lbl" xlink:title="label: EntityAddressCityOrTown to dei_EntityAddressCityOrTown_lbl" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityAddressCountry" xlink:label="EntityAddressCountry" xlink:title="EntityAddressCountry" />
    <link:label xlink:type="resource" xlink:label="dei_EntityAddressCountry_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="dei_EntityAddressCountry_lbl" xml:lang="en-US" id="dei_EntityAddressCountry_lbl">Entity Address, Country</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntityAddressCountry" xlink:to="dei_EntityAddressCountry_lbl" xlink:title="label: EntityAddressCountry to dei_EntityAddressCountry_lbl" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_DocumentPeriodEndDate" xlink:label="DocumentPeriodEndDate" xlink:title="DocumentPeriodEndDate" />
    <link:label xlink:type="resource" xlink:label="dei_DocumentPeriodEndDate_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="dei_DocumentPeriodEndDate_lbl" xml:lang="en-US" id="dei_DocumentPeriodEndDate_lbl">Document Period End Date</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DocumentPeriodEndDate" xlink:to="dei_DocumentPeriodEndDate_lbl" xlink:title="label: DocumentPeriodEndDate to dei_DocumentPeriodEndDate_lbl" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityIncorporationStateCountryCode" xlink:label="EntityIncorporationStateCountryCode" xlink:title="EntityIncorporationStateCountryCode" />
    <link:label xlink:type="resource" xlink:label="dei_EntityIncorporationStateCountryCode_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="dei_EntityIncorporationStateCountryCode_lbl" xml:lang="en-US" id="dei_EntityIncorporationStateCountryCode_lbl">Entity Incorporation, State or Country Code</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntityIncorporationStateCountryCode" xlink:to="dei_EntityIncorporationStateCountryCode_lbl" xlink:title="label: EntityIncorporationStateCountryCode to dei_EntityIncorporationStateCountryCode_lbl" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_LocalPhoneNumber" xlink:label="LocalPhoneNumber" xlink:title="LocalPhoneNumber" />
    <link:label xlink:type="resource" xlink:label="dei_LocalPhoneNumber_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="dei_LocalPhoneNumber_lbl" xml:lang="en-US" id="dei_LocalPhoneNumber_lbl">Local Phone Number</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LocalPhoneNumber" xlink:to="dei_LocalPhoneNumber_lbl" xlink:title="label: LocalPhoneNumber to dei_LocalPhoneNumber_lbl" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityAddressPostalZipCode" xlink:label="EntityAddressPostalZipCode" xlink:title="EntityAddressPostalZipCode" />
    <link:label xlink:type="resource" xlink:label="dei_EntityAddressPostalZipCode_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="dei_EntityAddressPostalZipCode_lbl" xml:lang="en-US" id="dei_EntityAddressPostalZipCode_lbl">Entity Address, Postal Zip Code</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntityAddressPostalZipCode" xlink:to="dei_EntityAddressPostalZipCode_lbl" xlink:title="label: EntityAddressPostalZipCode to dei_EntityAddressPostalZipCode_lbl" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityAddressStateOrProvince" xlink:label="EntityAddressStateOrProvince" xlink:title="EntityAddressStateOrProvince" />
    <link:label xlink:type="resource" xlink:label="dei_EntityAddressStateOrProvince_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="dei_EntityAddressStateOrProvince_lbl" xml:lang="en-US" id="dei_EntityAddressStateOrProvince_lbl">Entity Address, State or Province</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntityAddressStateOrProvince" xlink:to="dei_EntityAddressStateOrProvince_lbl" xlink:title="label: EntityAddressStateOrProvince to dei_EntityAddressStateOrProvince_lbl" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_Security12bTitle" xlink:label="Security12bTitle" xlink:title="Security12bTitle" />
    <link:label xlink:type="resource" xlink:label="dei_Security12bTitle_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="dei_Security12bTitle_lbl" xml:lang="en-US" id="dei_Security12bTitle_lbl">Title of 12(b) Security</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Security12bTitle" xlink:to="dei_Security12bTitle_lbl" xlink:title="label: Security12bTitle to dei_Security12bTitle_lbl" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_NoTradingSymbolFlag" xlink:label="NoTradingSymbolFlag" xlink:title="NoTradingSymbolFlag" />
    <link:label xlink:type="resource" xlink:label="dei_NoTradingSymbolFlag_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="dei_NoTradingSymbolFlag_lbl" xml:lang="en-US" id="dei_NoTradingSymbolFlag_lbl">No Trading Symbol Flag</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoTradingSymbolFlag" xlink:to="dei_NoTradingSymbolFlag_lbl" xlink:title="label: NoTradingSymbolFlag to dei_NoTradingSymbolFlag_lbl" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_TradingSymbol" xlink:label="TradingSymbol" xlink:title="TradingSymbol" />
    <link:label xlink:type="resource" xlink:label="dei_TradingSymbol_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="dei_TradingSymbol_lbl" xml:lang="en-US" id="dei_TradingSymbol_lbl">Trading Symbol</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TradingSymbol" xlink:to="dei_TradingSymbol_lbl" xlink:title="label: TradingSymbol to dei_TradingSymbol_lbl" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_SecurityExchangeName" xlink:label="SecurityExchangeName" xlink:title="SecurityExchangeName" />
    <link:label xlink:type="resource" xlink:label="dei_SecurityExchangeName_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="dei_SecurityExchangeName_lbl" xml:lang="en-US" id="dei_SecurityExchangeName_lbl">Security Exchange Name</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SecurityExchangeName" xlink:to="dei_SecurityExchangeName_lbl" xlink:title="label: SecurityExchangeName to dei_SecurityExchangeName_lbl" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityRegistrantName" xlink:label="EntityRegistrantName" xlink:title="EntityRegistrantName" />
    <link:label xlink:type="resource" xlink:label="dei_EntityRegistrantName_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="dei_EntityRegistrantName_lbl" xml:lang="en-US" id="dei_EntityRegistrantName_lbl">Entity Registrant Name</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntityRegistrantName" xlink:to="dei_EntityRegistrantName_lbl" xlink:title="label: EntityRegistrantName to dei_EntityRegistrantName_lbl" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityCentralIndexKey" xlink:label="EntityCentralIndexKey" xlink:title="EntityCentralIndexKey" />
    <link:label xlink:type="resource" xlink:label="dei_EntityCentralIndexKey_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="dei_EntityCentralIndexKey_lbl" xml:lang="en-US" id="dei_EntityCentralIndexKey_lbl">Entity Central Index Key</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntityCentralIndexKey" xlink:to="dei_EntityCentralIndexKey_lbl" xlink:title="label: EntityCentralIndexKey to dei_EntityCentralIndexKey_lbl" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityTaxIdentificationNumber" xlink:label="EntityTaxIdentificationNumber" xlink:title="EntityTaxIdentificationNumber" />
    <link:label xlink:type="resource" xlink:label="dei_EntityTaxIdentificationNumber_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="dei_EntityTaxIdentificationNumber_lbl" xml:lang="en-US" id="dei_EntityTaxIdentificationNumber_lbl">Entity Tax Identification Number</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntityTaxIdentificationNumber" xlink:to="dei_EntityTaxIdentificationNumber_lbl" xlink:title="label: EntityTaxIdentificationNumber to dei_EntityTaxIdentificationNumber_lbl" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_DocumentFiscalYearFocus" xlink:label="DocumentFiscalYearFocus" xlink:title="DocumentFiscalYearFocus" />
    <link:label xlink:type="resource" xlink:label="dei_DocumentFiscalYearFocus_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="dei_DocumentFiscalYearFocus_lbl" xml:lang="en-US" id="dei_DocumentFiscalYearFocus_lbl">Document Fiscal Year Focus</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DocumentFiscalYearFocus" xlink:to="dei_DocumentFiscalYearFocus_lbl" xlink:title="label: DocumentFiscalYearFocus to dei_DocumentFiscalYearFocus_lbl" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_DocumentFiscalPeriodFocus" xlink:label="DocumentFiscalPeriodFocus" xlink:title="DocumentFiscalPeriodFocus" />
    <link:label xlink:type="resource" xlink:label="dei_DocumentFiscalPeriodFocus_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="dei_DocumentFiscalPeriodFocus_lbl" xml:lang="en-US" id="dei_DocumentFiscalPeriodFocus_lbl">Document Fiscal Period Focus</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DocumentFiscalPeriodFocus" xlink:to="dei_DocumentFiscalPeriodFocus_lbl" xlink:title="label: DocumentFiscalPeriodFocus to dei_DocumentFiscalPeriodFocus_lbl" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_DocumentType" xlink:label="DocumentType" xlink:title="DocumentType" />
    <link:label xlink:type="resource" xlink:label="dei_DocumentType_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="dei_DocumentType_lbl" xml:lang="en-US" id="dei_DocumentType_lbl">Document Type</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DocumentType" xlink:to="dei_DocumentType_lbl" xlink:title="label: DocumentType to dei_DocumentType_lbl" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_WrittenCommunications" xlink:label="WrittenCommunications" xlink:title="WrittenCommunications" />
    <link:label xlink:type="resource" xlink:label="dei_WrittenCommunications_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="dei_WrittenCommunications_lbl" xml:lang="en-US" id="dei_WrittenCommunications_lbl">Written Communications</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="WrittenCommunications" xlink:to="dei_WrittenCommunications_lbl" xlink:title="label: WrittenCommunications to dei_WrittenCommunications_lbl" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_SolicitingMaterial" xlink:label="SolicitingMaterial" xlink:title="SolicitingMaterial" />
    <link:label xlink:type="resource" xlink:label="dei_SolicitingMaterial_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="dei_SolicitingMaterial_lbl" xml:lang="en-US" id="dei_SolicitingMaterial_lbl">Soliciting Material</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SolicitingMaterial" xlink:to="dei_SolicitingMaterial_lbl" xlink:title="label: SolicitingMaterial to dei_SolicitingMaterial_lbl" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_PreCommencementTenderOffer" xlink:label="PreCommencementTenderOffer" xlink:title="PreCommencementTenderOffer" />
    <link:label xlink:type="resource" xlink:label="dei_PreCommencementTenderOffer_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="dei_PreCommencementTenderOffer_lbl" xml:lang="en-US" id="dei_PreCommencementTenderOffer_lbl">Pre-commencement Tender Offer</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PreCommencementTenderOffer" xlink:to="dei_PreCommencementTenderOffer_lbl" xlink:title="label: PreCommencementTenderOffer to dei_PreCommencementTenderOffer_lbl" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_PreCommencementIssuerTenderOffer" xlink:label="PreCommencementIssuerTenderOffer" xlink:title="PreCommencementIssuerTenderOffer" />
    <link:label xlink:type="resource" xlink:label="dei_PreCommencementIssuerTenderOffer_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="dei_PreCommencementIssuerTenderOffer_lbl" xml:lang="en-US" id="dei_PreCommencementIssuerTenderOffer_lbl">Pre-commencement Issuer Tender Offer</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PreCommencementIssuerTenderOffer" xlink:to="dei_PreCommencementIssuerTenderOffer_lbl" xlink:title="label: PreCommencementIssuerTenderOffer to dei_PreCommencementIssuerTenderOffer_lbl" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityFileNumber" xlink:label="EntityFileNumber" xlink:title="EntityFileNumber" />
    <link:label xlink:type="resource" xlink:label="dei_EntityFileNumber_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="dei_EntityFileNumber_lbl" xml:lang="en-US" id="dei_EntityFileNumber_lbl">Entity File Number</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntityFileNumber" xlink:to="dei_EntityFileNumber_lbl" xlink:title="label: EntityFileNumber to dei_EntityFileNumber_lbl" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityEmergingGrowthCompany" xlink:label="EntityEmergingGrowthCompany" xlink:title="EntityEmergingGrowthCompany" />
    <link:label xlink:type="resource" xlink:label="dei_EntityEmergingGrowthCompany_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="dei_EntityEmergingGrowthCompany_lbl" xml:lang="en-US" id="dei_EntityEmergingGrowthCompany_lbl">Entity Emerging Growth Company</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntityEmergingGrowthCompany" xlink:to="dei_EntityEmergingGrowthCompany_lbl" xlink:title="label: EntityEmergingGrowthCompany to dei_EntityEmergingGrowthCompany_lbl" />
  </link:labelLink>
</link:linkbase>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.PRE
<SEQUENCE>6
<FILENAME>vhi-20210506_pre.xml
<DESCRIPTION>XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE
<TEXT>
<XBRL>
<?xml version="1.0" encoding="us-ascii"?>
<!--Generated by EDGARfilings PROfile 7.0.0.0 Broadridge-->
<link:linkbase xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xbrli="http://www.xbrl.org/2003/instance">
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/netLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/net-2009-12-16.xsd#netLabel" />
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedTotalLabel" />
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedNetLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedNetLabel" />
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedTerseLabel" />
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedPeriodEndLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedPeriodEndLabel" />
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedPeriodStartLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedPeriodStartLabel" />
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedLabel" />
  <link:roleRef roleURI="http://valhi.com/role/DocumentAndEntityInformation" xlink:type="simple" xlink:href="vhi-20210506.xsd#DocumentAndEntityInformation" />
  <link:presentationLink xlink:type="extended" xlink:role="http://valhi.com/role/DocumentAndEntityInformation">
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_CoverAbstract" xlink:label="CoverAbstract" xlink:title="CoverAbstract" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_DocumentType" xlink:label="DocumentType" xlink:title="DocumentType" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="CoverAbstract" xlink:to="DocumentType" xlink:title="presentation: CoverAbstract to DocumentType" order="0.0" preferredLabel="http://www.xbrl.org/2003/role/label" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_AmendmentFlag" xlink:label="AmendmentFlag" xlink:title="AmendmentFlag" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="CoverAbstract" xlink:to="AmendmentFlag" xlink:title="presentation: CoverAbstract to AmendmentFlag" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/label" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_DocumentPeriodEndDate" xlink:label="DocumentPeriodEndDate" xlink:title="DocumentPeriodEndDate" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="CoverAbstract" xlink:to="DocumentPeriodEndDate" xlink:title="presentation: CoverAbstract to DocumentPeriodEndDate" order="2.0" preferredLabel="http://www.xbrl.org/2003/role/label" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityRegistrantName" xlink:label="EntityRegistrantName" xlink:title="EntityRegistrantName" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="CoverAbstract" xlink:to="EntityRegistrantName" xlink:title="presentation: CoverAbstract to EntityRegistrantName" order="3.0" preferredLabel="http://www.xbrl.org/2003/role/label" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityIncorporationStateCountryCode" xlink:label="EntityIncorporationStateCountryCode" xlink:title="EntityIncorporationStateCountryCode" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="CoverAbstract" xlink:to="EntityIncorporationStateCountryCode" xlink:title="presentation: CoverAbstract to EntityIncorporationStateCountryCode" order="4.0" preferredLabel="http://www.xbrl.org/2003/role/label" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityFileNumber" xlink:label="EntityFileNumber" xlink:title="EntityFileNumber" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="CoverAbstract" xlink:to="EntityFileNumber" xlink:title="presentation: CoverAbstract to EntityFileNumber" order="5.0" preferredLabel="http://www.xbrl.org/2003/role/label" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityTaxIdentificationNumber" xlink:label="EntityTaxIdentificationNumber" xlink:title="EntityTaxIdentificationNumber" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="CoverAbstract" xlink:to="EntityTaxIdentificationNumber" xlink:title="presentation: CoverAbstract to EntityTaxIdentificationNumber" order="6.0" preferredLabel="http://www.xbrl.org/2003/role/label" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityAddressAddressLine1" xlink:label="EntityAddressAddressLine1" xlink:title="EntityAddressAddressLine1" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="CoverAbstract" xlink:to="EntityAddressAddressLine1" xlink:title="presentation: CoverAbstract to EntityAddressAddressLine1" order="7.0" preferredLabel="http://www.xbrl.org/2003/role/label" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityAddressAddressLine2" xlink:label="EntityAddressAddressLine2" xlink:title="EntityAddressAddressLine2" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="CoverAbstract" xlink:to="EntityAddressAddressLine2" xlink:title="presentation: CoverAbstract to EntityAddressAddressLine2" order="8.0" preferredLabel="http://www.xbrl.org/2003/role/label" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityAddressAddressLine3" xlink:label="EntityAddressAddressLine3" xlink:title="EntityAddressAddressLine3" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="CoverAbstract" xlink:to="EntityAddressAddressLine3" xlink:title="presentation: CoverAbstract to EntityAddressAddressLine3" order="9.0" preferredLabel="http://www.xbrl.org/2003/role/label" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityAddressCityOrTown" xlink:label="EntityAddressCityOrTown" xlink:title="EntityAddressCityOrTown" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="CoverAbstract" xlink:to="EntityAddressCityOrTown" xlink:title="presentation: CoverAbstract to EntityAddressCityOrTown" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/label" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityAddressStateOrProvince" xlink:label="EntityAddressStateOrProvince" xlink:title="EntityAddressStateOrProvince" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="CoverAbstract" xlink:to="EntityAddressStateOrProvince" xlink:title="presentation: CoverAbstract to EntityAddressStateOrProvince" order="11.0" preferredLabel="http://www.xbrl.org/2003/role/label" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityAddressCountry" xlink:label="EntityAddressCountry" xlink:title="EntityAddressCountry" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="CoverAbstract" xlink:to="EntityAddressCountry" xlink:title="presentation: CoverAbstract to EntityAddressCountry" order="12.0" preferredLabel="http://www.xbrl.org/2003/role/label" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityAddressPostalZipCode" xlink:label="EntityAddressPostalZipCode" xlink:title="EntityAddressPostalZipCode" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="CoverAbstract" xlink:to="EntityAddressPostalZipCode" xlink:title="presentation: CoverAbstract to EntityAddressPostalZipCode" order="13.0" preferredLabel="http://www.xbrl.org/2003/role/label" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_CityAreaCode" xlink:label="CityAreaCode" xlink:title="CityAreaCode" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="CoverAbstract" xlink:to="CityAreaCode" xlink:title="presentation: CoverAbstract to CityAreaCode" order="14.0" preferredLabel="http://www.xbrl.org/2003/role/label" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_LocalPhoneNumber" xlink:label="LocalPhoneNumber" xlink:title="LocalPhoneNumber" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="CoverAbstract" xlink:to="LocalPhoneNumber" xlink:title="presentation: CoverAbstract to LocalPhoneNumber" order="15.0" preferredLabel="http://www.xbrl.org/2003/role/label" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_WrittenCommunications" xlink:label="WrittenCommunications" xlink:title="WrittenCommunications" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="CoverAbstract" xlink:to="WrittenCommunications" xlink:title="presentation: CoverAbstract to WrittenCommunications" order="16.0" preferredLabel="http://www.xbrl.org/2003/role/label" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_SolicitingMaterial" xlink:label="SolicitingMaterial" xlink:title="SolicitingMaterial" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="CoverAbstract" xlink:to="SolicitingMaterial" xlink:title="presentation: CoverAbstract to SolicitingMaterial" order="17.0" preferredLabel="http://www.xbrl.org/2003/role/label" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_PreCommencementTenderOffer" xlink:label="PreCommencementTenderOffer" xlink:title="PreCommencementTenderOffer" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="CoverAbstract" xlink:to="PreCommencementTenderOffer" xlink:title="presentation: CoverAbstract to PreCommencementTenderOffer" order="18.0" preferredLabel="http://www.xbrl.org/2003/role/label" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_PreCommencementIssuerTenderOffer" xlink:label="PreCommencementIssuerTenderOffer" xlink:title="PreCommencementIssuerTenderOffer" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="CoverAbstract" xlink:to="PreCommencementIssuerTenderOffer" xlink:title="presentation: CoverAbstract to PreCommencementIssuerTenderOffer" order="19.0" preferredLabel="http://www.xbrl.org/2003/role/label" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_NoTradingSymbolFlag" xlink:label="NoTradingSymbolFlag" xlink:title="NoTradingSymbolFlag" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="CoverAbstract" xlink:to="NoTradingSymbolFlag" xlink:title="presentation: CoverAbstract to NoTradingSymbolFlag" order="20.0" preferredLabel="http://www.xbrl.org/2003/role/label" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityEmergingGrowthCompany" xlink:label="EntityEmergingGrowthCompany" xlink:title="EntityEmergingGrowthCompany" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="CoverAbstract" xlink:to="EntityEmergingGrowthCompany" xlink:title="presentation: CoverAbstract to EntityEmergingGrowthCompany" order="21.0" preferredLabel="http://www.xbrl.org/2003/role/label" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_DocumentFiscalYearFocus" xlink:label="DocumentFiscalYearFocus" xlink:title="DocumentFiscalYearFocus" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="CoverAbstract" xlink:to="DocumentFiscalYearFocus" xlink:title="presentation: CoverAbstract to DocumentFiscalYearFocus" order="22.0" preferredLabel="http://www.xbrl.org/2003/role/label" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_DocumentFiscalPeriodFocus" xlink:label="DocumentFiscalPeriodFocus" xlink:title="DocumentFiscalPeriodFocus" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="CoverAbstract" xlink:to="DocumentFiscalPeriodFocus" xlink:title="presentation: CoverAbstract to DocumentFiscalPeriodFocus" order="23.0" preferredLabel="http://www.xbrl.org/2003/role/label" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityCentralIndexKey" xlink:label="EntityCentralIndexKey" xlink:title="EntityCentralIndexKey" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="CoverAbstract" xlink:to="EntityCentralIndexKey" xlink:title="presentation: CoverAbstract to EntityCentralIndexKey" order="24.0" preferredLabel="http://www.xbrl.org/2003/role/label" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_Security12bTitle" xlink:label="Security12bTitle" xlink:title="Security12bTitle" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="CoverAbstract" xlink:to="Security12bTitle" xlink:title="presentation: CoverAbstract to Security12bTitle" order="25.0" preferredLabel="http://www.xbrl.org/2003/role/label" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_TradingSymbol" xlink:label="TradingSymbol" xlink:title="TradingSymbol" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="CoverAbstract" xlink:to="TradingSymbol" xlink:title="presentation: CoverAbstract to TradingSymbol" order="26.0" preferredLabel="http://www.xbrl.org/2003/role/label" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_SecurityExchangeName" xlink:label="SecurityExchangeName" xlink:title="SecurityExchangeName" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="CoverAbstract" xlink:to="SecurityExchangeName" xlink:title="presentation: CoverAbstract to SecurityExchangeName" order="27.0" preferredLabel="http://www.xbrl.org/2003/role/label" />
  </link:presentationLink>
</link:linkbase>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>7
<FILENAME>valhiprlogo171109.jpg
<TEXT>
begin 644 valhiprlogo171109.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  (! 0(! 0(" @(" @(" P4# P,#
M P8$! ,%!P8'!P<&!P<("0L)" @*" <'"@T*"@L,# P,!PD.#PT,#@L,# S_
MVP!# 0(" @,# P8# P8," <(# P,# P,# P,# P,# P,# P,# P,# P,# P,
M# P,# P,# P,# P,# P,# P,# P,# S_P  1" #2 I,# 2(  A$! Q$!_\0
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M'>"OVWOBAH/P\^)7]A^#?#GB"YT;2[-=!TRZ5$MF\AG$DUL\CAY(W?ES]_C
MXKV?_@A;_P %/?VFOVZ_V]+/POXT^)4FN^#='T2^UO5K'^P=,M1<HH2",>9#
M;)(-L]Q$V%89V<Y&ZB66U(T_:-H,1P'F%' O,*DHJ"CS;N]O2VY^WE%-CX0?
M2G5YY\2%%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%%
M!1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %
M%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 1_P">*^=?^"L7
M[/O_  T[_P $[/BUX1B@:YU"XT&:_P!/B7[TEW:;;J!!_O2PHO\ P*OHUC_.
MHKF)94*GG=D8QG-73ERS4UNCHP==T*\*T?LM/[C^*_<RKUX/:OT$_P"#:?\
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MS2/_ , K^8/HE>;D]&W,V?!^%N7NG3KXJ>]U'[M_Q/T4_P"#8KX#_P#"UO\
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MU;)_91^TU'Y+7\D??0Z44B_='TI:^7/YY"BBB@ HHHH **** "BBB@ HHHH
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M!?\ X5%]_P#(]'U&C_S]7]?,/]5<K_Z&$/N_^V/Z%OM$?]]?^^J/M$?]]?\
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M_P"V/Z&!.F/OK^='GI_?7\Z_GG_XAK_VN_\ H;O!?_A47W_R/1_Q#7_M=_\
M0W>"_P#PJ+[_ .1Z/J-'_GZ@_P!5<K_Z&$/N_P#MC^ACST_OK^='GI_?7\Z_
MGG_XAK_VN_\ H;O!?_A47W_R/1_Q#7_M=_\ 0W>"_P#PJ+[_ .1Z/J-'_GZ@
M_P!5<K_Z&$/N_P#MC^ACST_OK^='GI_?7\Z_GG_XAK_VN_\ H;O!?_A47W_R
M/1_Q#7_M=_\ 0W>"_P#PJ+[_ .1Z/J-'_GZ@_P!5<K_Z&$/N_P#MC^ACST_O
MK^='GI_?7\Z_GG_XAK_VN_\ H;O!?_A47W_R/1_Q#7_M=_\ 0W>"_P#PJ+[_
M .1Z/J-'_GZ@_P!5<K_Z&$/N_P#MC^ACST_OK^='GI_?7\Z_GG_XAK_VN_\
MH;O!?_A47W_R/1_Q#7_M=_\ 0W>"_P#PJ+[_ .1Z/J-'_GZ@_P!5<K_Z&$/N
M_P#MC^ACST_OK^='GI_?7\Z_GG_XAK_VN_\ H;O!?_A47W_R/1_Q#7_M=_\
M0W>"_P#PJ+[_ .1Z/J-'_GZ@_P!5<K_Z&$/N_P#MC^ACST_OK^='GI_?7\Z_
MGG_XAK_VN_\ H;O!?_A47W_R/1_Q#7_M=_\ 0W>"_P#PJ+[_ .1Z/J-'_GZ@
M_P!5<K_Z&$/N_P#MC^ACST_OK^='GI_?7\Z_GG_XAK_VN_\ H;O!?_A47W_R
M/1_Q#7_M=_\ 0W>"_P#PJ+[_ .1Z/J-'_GZ@_P!5<K_Z&$/N_P#MC^ACST_O
MK^='GI_?7\Z_GG_XAK_VN_\ H;O!?_A47W_R/1_Q#7_M=_\ 0W>"_P#PJ+[_
M .1Z/J-'_GZ@_P!5<K_Z&$/N_P#MC^ACST_OK^='GI_?7\Z_GG_XAK_VN_\
MH;O!?_A47W_R/1_Q#7_M=_\ 0W>"_P#PJ+[_ .1Z/J-'_GZ@_P!5<K_Z&$/N
M_P#MC^ACST_OK^='GI_?7\Z_GG_XAK_VN_\ H;O!?_A47W_R/1_Q#7_M=_\
M0W>"_P#PJ+[_ .1Z/J-'_GZ@_P!5<K_Z&$/N_P#MC^ACST_OK^='GI_?7\Z_
MGG_XAK_VN_\ H;O!?_A47W_R/1_Q#7_M=_\ 0W>"_P#PJ+[_ .1Z/J-'_GZ@
M_P!5<K_Z&$/N_P#MC^ACST_OK^='GI_?7\Z_GG_XAK_VN_\ H;O!?_A47W_R
M/1_Q#7_M=_\ 0W>"_P#PJ+[_ .1Z/J-'_GZ@_P!5<K_Z&$/N_P#MC^ACST_O
MK^='GI_?7\Z_GG_XAK_VN_\ H;O!?_A47W_R/1_Q#7_M=_\ 0W>"_P#PJ+[_
M .1Z/J-'_GZ@_P!5<K_Z&$/N_P#MC^ACST_OK^='GI_?7\Z_GG_XAK_VN_\
MH;O!?_A47W_R/1_Q#7_M=_\ 0W>"_P#PJ+[_ .1Z/J-'_GZ@_P!5<K_Z&$/N
M_P#MC^ACST_OK^='GI_?7\Z_GG_XAK_VN_\ H;O!?_A47W_R/1_Q#7_M=_\
M0W>"_P#PJ+[_ .1Z/J-'_GZ@_P!5<K_Z&$/N_P#MC^ACST_OK^='GI_?7\Z_
MGG_XAK_VN_\ H;O!?_A47W_R/1_Q#7_M=_\ 0W>"_P#PJ+[_ .1Z/J-'_GZ@
M_P!5<K_Z&$/N_P#MC^ACST_OK^='GI_?7\Z_GG_XAK_VN_\ H;O!?_A47W_R
M/1_Q#7_M=_\ 0W>"_P#PJ+[_ .1Z/J-'_GZ@_P!5<K_Z&$/N_P#MC^ACST_O
MK^='GI_?7\Z_GG_XAK_VN_\ H;O!?_A47W_R/1_Q#7_M=_\ 0W>"_P#PJ+[_
M .1Z/J-'_GZ@_P!5<K_Z&$/N_P#MC^ACST_OK^='GI_?7\Z_GG_XAK_VN_\
MH;O!?_A47W_R/1_Q#7_M=_\ 0W>"_P#PJ+[_ .1Z/J-'_GZ@_P!5<K_Z&$/N
M_P#MC^ACST_OK^='GI_?7\Z_GG_XAK_VN_\ H;O!?_A47W_R/1_Q#7_M=_\
M0W>"_P#PJ+[_ .1Z/J-'_GZ@_P!5<K_Z&$/N_P#MC^ACST_OK^='GI_?7\Z_
MGG_XAK_VN_\ H;O!?_A47W_R/1_Q#7_M=_\ 0W>"_P#PJ+[_ .1Z/J-'_GZ@
M_P!5<K_Z&$/N_P#MC^ACST_OK^='GI_?7\Z_GG_XAK_VN_\ H;O!?_A47W_R
M/1_Q#7_M=_\ 0W>"_P#PJ+[_ .1Z/J-'_GZ@_P!5<K_Z&$/N_P#MC^ACST_O
MK^='GI_?7\Z_GG_XAK_VN_\ H;O!?_A47W_R/1_Q#7_M=_\ 0W>"_P#PJ+[_
M .1Z/J-'_GZ@_P!5<K_Z&$/N_P#MC^ACST_OK^='GI_?7\Z_GG_XAK_VN_\
MH;O!?_A47W_R/1_Q#7_M=_\ 0W>"_P#PJ+[_ .1Z/J-'_GZ@_P!5<K_Z&$/N
M_P#MC^ACST_OK^='GI_?7\Z_GG_XAK_VN_\ H;O!?_A47W_R/1_Q#7_M=_\
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M_P"PGXF_::U7]GZ^@O/$WC>X^+#_ !<A\7:<MU;Z5(IC2SCTX'[8D,<NR9)
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MCK^D^*K&WO-*\1^'/#EO/H=Z\P<K:)<SW<(>Z"IO:)02%=#SFN7T_P#X.)_
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M5@M(=#O%\<6K2:*]O##%Y]M))9.\,TK0+-(\; O,SOQGC]%<_P"U1G_:H ^
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MC5_T3OX9_P#?-]_\?K]Y!\,?#I'_ " =%_\  &+_  I?^%8^'/\ H Z+_P"
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M&K_HG?PS_P"^;[_X_1_Q%H?&K_HG?PS_ .^;[_X_7[R_\*Q\.?\ 0!T7_P
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M/P:_XBT/C5_T3OX9_P#?-]_\?H_XBT/C5_T3OX9_]\WW_P ?K]Y?^%8^'/\
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M '^L&1_]"]?^!O\ R/P:_P"(M#XU?]$[^&?_ 'S??_'Z/^(M#XU?]$[^&?\
MWS??_'Z_>7_A6/AS_H Z+_X Q_X4?\*Q\.?] '1?_ &/_"CZUAO^??X_\ /]
M8,C_ .A>O_ W_D?@U_Q%H?&K_HG?PS_[YOO_ (_1_P 1:'QJ_P"B=_#/_OF^
M_P#C]?O+_P *Q\.?] '1?_ &/_"C_A6/AS_H Z+_ . ,?^%'UK#?\^_Q_P"
M'^L&1_\ 0O7_ (&_\C\&O^(M#XU?]$[^&?\ WS??_'Z/^(M#XU?]$[^&?_?-
M]_\ 'Z_>7_A6/AS_ * .B_\ @#'_ (4?\*Q\.?\ 0!T7_P  8_\ "CZUAO\
MGW^/_ #_ %@R/_H7K_P-_P"1^#7_ !%H?&K_ *)W\,_^^;[_ ./T?\1:'QJ_
MZ)W\,_\ OF^_^/U^\O\ PK'PY_T =%_\ 8_\*/\ A6/AS_H Z+_X Q_X4?6L
M-_S[_'_@!_K!D?\ T+U_X&_\C\&O^(M#XU?]$[^&?_?-]_\ 'Z/^(M#XU?\
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M1:'QJ_Z)W\,_^^;[_P"/U^\O_"L?#G_0!T7_ , 8_P#"C_A6/AS_ * .B_\
M@#'_ (4?6L-_S[_'_@!_K!D?_0O7_@;_ ,C\&O\ B+0^-7_1._AG_P!\WW_Q
M^C_B+0^-7_1._AG_ -\WW_Q^OWE_X5CX<_Z .B_^ ,?^%'_"L?#G_0!T7_P!
MC_PH^M8;_GW^/_ #_6#(_P#H7K_P-_Y'X-?\1:'QJ_Z)W\,_^^;[_P"/T?\
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M^B=_#/\ [YOO_C]'_$6A\:O^B=_#/_OF^_\ C]?O+_PK'PY_T =%_P# &/\
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MC5_T3OX9_P#?-]_\?H_XBT/C5_T3OX9_]\WW_P ?K]Y?^%8^'/\ H Z+_P"
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MI&C_ !'UW^V?$WB6TL_[!L] U1]/CEM8X=,:.\F5Y8WCMI8D4)$$EN9'822
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M6TLUM<'RM,%I%"5CC:<3W4#0&9EB%VL+2MU?[5W[3_Q*^$W[?.FVND^,XX_
MOV*STFUT&T@TJ_T^YUNXM-7G2TU<#_B;V#W'E636US;B6 +!,)(LMNH ^XJ*
M_/W]E3_@J9\4O'/P/\-ZEXN\"_#N&[T[X2:)\1/$_B&[\975C:M)JB7ZV<$5
MM%I4TOF3264>]$#&+[0R1_:6CC$_&WO_  6V^($.OZ1XJNOAE8Z?X)TGP?XR
MU+Q-HOVS4EU)M1TC5;'3X1;BYTN"Y*EKJ F.:VMY56YF9E)MXXYP#]-**^ _
M&'_!97QEX<^%UQJL?P)N+'Q!H'A7Q)XTU[3/$^MZCX7C_LW1GM4:33S?:3'>
M7;3_ &N,H)K.U V2!F!V;_6/V<_^"BUY\>?VE9?A?+X!FT/6]/M;K5M4F_M7
M[1#9Z:+;3IK"Y5O(3S#=_P!H; G&PVEP,MLQ0!]244B_='TI: "BBB@ HHHH
M **** "BBB@#Y]_X*)?&;XN_ OX1:?KGPC\(P>)KFWOY)O$,\EA;ZF^C:7%:
M7$KW$=E-JFF"Y<RI"FU;I659&8)(5"GRF'_@H[XQ^-_[6/\ PK'X0V/@O6;.
MZ^&.H^(].\3ZY%=V^G7^O1-HYAB"QNS_ &2.'58WE4!G9V,2R1M#*:[;_@II
MI/P[\5Z%\._#_CKX:^//BAJ7B3Q)/I7AW2_!^M1Z-J7VAM+O9;@-=/J%@HMW
ML8KI)8FG*RJP4H_%>4Z-\*?V$_C/K6G>)O$G@'X3?#?Q]XV_M?X>G2-;:P\.
M^(+F\:6.SO[ 1V\P6XO4<1QI<6SRR*LH,$VR;+@'.W'_  58^*UII&AK)8_#
MYM0\,KJ6H^,LZ1>1MJEC;^)+32(H[:#[8TFEW;V]R;EX;QKB2%A'&\0+$K]?
M>*_CGJVB?MK^"/AQ#;:>VA^)O!NO>(KJ>17^U)<6-WI,$21N'VA"E],6!4L2
ML>"H#!OE7X?2_LFZ]XI\'Z/<>$_$VAQ>%;KQGK"ZYXB\17,=LIT/6[2/5KC5
M[R34'DOHI+Q+6X3[<9TVVZ.XB**H]@^-FI_LO_M.:M\,_%^O?%OP_#J.O?;=
M#\#:SX9^+EUX;EU_SKBW2ZL[.?3;^ WN;B&V5HE:7;(B# ; H \:^,__  4Y
M^*'PZ_:I\>>'['_A')/"_@GQ]H7A1=/N/AKKS0W5I>P:4]Q=7/BA;L:3I[1_
MVA,RQS0ECY,:[2TJFOIL_M%^(/\ AM_QC\./L>EGPWX=^'>F^+(;HPR_:C>7
M-]J5NT;R;_+,7EV<950H8$N2Q! 'DG[;'[,_P;_9F^'GB_XS:]\/OBWX\L=-
MFMO$?B?2=$\>:@;.]&GVT6V_O-,O-6MK"\\J*QMPP=))9#&GR2$$UM?LA>&O
M@#\"M16#3=%C^$?Q ^+&F/>CP9XN\96][K_]F02W<RK;6RZC=Q06*^;<S"&S
M<01B1\HC!E4 \Q_9._X*H>+M<_96L?BU\2(]0\3V^L6GAY+?P[X6^#NN>%[B
M._UBY@MH8;;4-8OVL]4C66=5,EL53;B0,0RJ>G\1?\%VO@CX%^(GB_PGXJ&N
M>%]>\$:3<:AJMG?7VCR7,-U;6\$]QIYBM[^65)XQ.J>=(J6CO'(([F0+FN\U
M[XA?LJ^#OV9?"7AW4OB+\*=+^%O@JYT"/0VO/',$-G:RVB6^HZ0GVI[D&1C'
M#;W"!W;SHP&(=&),EY\#_P!G+XG_ +0'Q,\'CQ%INJ>./&FE/+XS\$6GQ!O?
MWEM/!;Q-?2Z+'>"*VF:,6I%XD"2Y:-A(&8,0#D_AS_P6K^$WQ4\'6NL:3I_B
M:XANG:'9:S:5J*B6._BL[I%GM;Z6WG^S+-!<RM!+(GD3(4=WS$+NO?\ !7WP
M'H'C_P $^'6\)^,KJ[^(]O?S^'5@OM":ZU0VQO@JQV)U+[>RS_86,<JVQ@_T
MB 221L7$=+]M[X5_"_\ 9C^!6C>(_$OPL^+7Q<T7P)9:Q;+=VOC"35-8TFUU
M*'R+M9+C5=7ANKH3AECCB22>0.L0B1&6,UY/H?C+]F]?VHM>T#PC\,_B(GQ%
M^ ?AC3[]=,TOQ']J-K)8:;;FRA_X1VWU@7-_<PPW\=M]I:S>(EVB:[P": /K
M[]E']LSP?^V=H.J:QX)35;C1])73]U_<P(D,TMWI]O?K$FUV)DBANH!*, *[
ME 6*MM\Z_;L_:I^)'[.GQ?\ AC;^'[;PKIGP_P!>G$7B+Q!XAT74[^QAF;4-
M/@BLFN[%RNEM)!<7;I=W<,ELTL,43&/?NKP3]EOXO_#+]E;]E[X3MK6J?$3P
M[XB_X7/?>&M0\.V$%KI,NK^)]2U"XLY;>[M+>\NH7TZV-['*B1WLRQQV]J-T
MCH(CZQHVJ? O_@II^T!)'K?@3Q@-;\ QM-I&I7FHRZ=8>+M/M]7>)V$=E>'[
M=91:CIH;[/J4(7=L=8BLI9@"?XI?\%;_  5H/P:O]>TRP\46-[-HOCG4;&:Z
MT>"_CMV\+77V.],L"WL)E#RX:%%F0R)]^2!NG!>(_P#@NYX6^"&K?$G_ (69
MX1U?0]-\*>,4\*Z#=)J.CVO]OJNBVVIW,V;O4(DC=%F#^4SAG2YM8XO.G\V.
M/D?%[_LR6OQ5^(ECX@^"'QL@\4:I;7VF6&BZGJMY;Q^,+?Q%JSV%X-'LIM46
M&P6[OH=[-,EB2&$R_(QDKHOB=+\ %^*?AC4/%'PH_:$\#R?$JZTS4[GQ4NLZ
MQX8M?#>K'2;JVAM9&@U*&>&[:RM'@N/L$<D;A;8W$C#RF ![=^WS^VOXC_9_
M_8G_ .%K_"WP[IWC2.^BL;VWO;^Y\G3K*PN#&PNY4W)/+N1U5(XQDO(A<H@=
MAYQ^U5^V[\8/V=OC1\6(--U+X:^*O"/P\\$-XGFLQX5U"SO](N[R?[/I%K-=
MC498[D.T5S+.5MX"D<28QYNY?3_@W\9_AW_P5 ^!'B7PQJW@[Q=IV@F+3_MV
MB>))$M[R]L[FW@OK&[$EG=2L(YHVC8;I5E4HRR(K!EKT_P 3?LP>!?&%M\0H
M=3T"*^B^*EJEGXH6:YF9=3BCM_LR+]_]R%BX'DA"&)?AR6H ^+/$7_!4SXM>
M%/$%QH-U:_#N\U3X;WNHOXTNX]"OH+?Q#:VVO:?ID:::C7C?89FAO6E9II+L
M*\:KL*ON'Z++]T5X-'_P39^#,=OX4BE\*WUR?!EU/>V4USX@U*:>\EGNHKR4
MW\K7!?4@]S!!,4O3.IDBC?&5!KWA#E1]* %HHHH **** "BBB@ HHHH ****
M "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH
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M  =**** "BBB@ HHHH **** "BBB@#PG]M?X-:M\3-4^%NN>'_'WA'X?^(O
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MEK\;+324TFRU1? 41\%0S77A&\O["*T>2:;[0BWT$12:6*!XHSOF7S9)5BC
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M !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444
M%%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4
M444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !11
M10 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%%
M !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444
M%%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4
>444 %%%% !1110 4444 %%%% !1110 4444 ?__9

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>8
<FILENAME>vhi8k210506_htm.xml
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<XML>
<?xml version="1.0" encoding="utf-8"?>
<xbrl
  xmlns="http://www.xbrl.org/2003/instance"
  xmlns:dei="http://xbrl.sec.gov/dei/2019-01-31"
  xmlns:link="http://www.xbrl.org/2003/linkbase"
  xmlns:xlink="http://www.w3.org/1999/xlink">
    <link:schemaRef xlink:href="vhi-20210506.xsd" xlink:type="simple"/>
    <context id="c20210506to20210506">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000059255</identifier>
        </entity>
        <period>
            <startDate>2021-05-06</startDate>
            <endDate>2021-05-06</endDate>
        </period>
    </context>
    <dei:AmendmentFlag
      contextRef="c20210506to20210506"
      id="Fact_e6ad7e4584734fbf92b787623fe149e4">false</dei:AmendmentFlag>
    <dei:EntityCentralIndexKey
      contextRef="c20210506to20210506"
      id="Fact_c9232b31159a4461b49c09be66c4d20c">0000059255</dei:EntityCentralIndexKey>
    <dei:DocumentType
      contextRef="c20210506to20210506"
      id="Fact_83799d5f8f8343cfa7034c6b1ed94c39">8-K</dei:DocumentType>
    <dei:DocumentPeriodEndDate
      contextRef="c20210506to20210506"
      id="Fact_c6d89b5365c64fe3b1f4dc91708de5d3">2021-05-06</dei:DocumentPeriodEndDate>
    <dei:EntityRegistrantName
      contextRef="c20210506to20210506"
      id="Fact_07f30edf47fe406880e03b765846ac5b">Valhi, Inc.</dei:EntityRegistrantName>
    <dei:EntityIncorporationStateCountryCode
      contextRef="c20210506to20210506"
      id="Fact_933f57a43b374d0d9fd9404a609dccf4">DE</dei:EntityIncorporationStateCountryCode>
    <dei:EntityFileNumber
      contextRef="c20210506to20210506"
      id="Fact_f2622caae5914f7daffc7cb8a2e77e36">1-5467</dei:EntityFileNumber>
    <dei:EntityTaxIdentificationNumber
      contextRef="c20210506to20210506"
      id="Fact_ea231df6d6b347d19ef3e24d7a420090">87-0110150</dei:EntityTaxIdentificationNumber>
    <dei:EntityAddressAddressLine1
      contextRef="c20210506to20210506"
      id="Fact_464bcb115a4c448c922d4415430465a5">5430 LBJ Freeway</dei:EntityAddressAddressLine1>
    <dei:EntityAddressAddressLine2
      contextRef="c20210506to20210506"
      id="Fact_c14795170f6841658065a666d86b5f9a">Suite 1700</dei:EntityAddressAddressLine2>
    <dei:EntityAddressCityOrTown
      contextRef="c20210506to20210506"
      id="Fact_aa62e1ad783448fca04e3a95d195292c">Dallas</dei:EntityAddressCityOrTown>
    <dei:EntityAddressStateOrProvince
      contextRef="c20210506to20210506"
      id="Fact_f87b3b8c07bb4d28bb5c0a3ee698e336">TX</dei:EntityAddressStateOrProvince>
    <dei:EntityAddressPostalZipCode
      contextRef="c20210506to20210506"
      id="Fact_b388980a0e0e4632a12cb687f868b927">75240-2620</dei:EntityAddressPostalZipCode>
    <dei:CityAreaCode
      contextRef="c20210506to20210506"
      id="Fact_4bba0270ba6140df805170ff0ec542f0">972</dei:CityAreaCode>
    <dei:LocalPhoneNumber
      contextRef="c20210506to20210506"
      id="Fact_e2f3625bfd7b43efba5b9075c16761c3">233-1700</dei:LocalPhoneNumber>
    <dei:WrittenCommunications
      contextRef="c20210506to20210506"
      id="Fact_ce25806b88454e25aad4d11101a1162d">false</dei:WrittenCommunications>
    <dei:SolicitingMaterial
      contextRef="c20210506to20210506"
      id="Fact_0f3aafcfc0ca4678b53500e68fa3c0db">false</dei:SolicitingMaterial>
    <dei:PreCommencementTenderOffer
      contextRef="c20210506to20210506"
      id="Fact_00a221ff2ca848b886a7f0a653769739">false</dei:PreCommencementTenderOffer>
    <dei:PreCommencementIssuerTenderOffer
      contextRef="c20210506to20210506"
      id="Fact_31c24280ab8e4e2aa678db111a9c9de7">false</dei:PreCommencementIssuerTenderOffer>
    <dei:Security12bTitle
      contextRef="c20210506to20210506"
      id="Fact_e4459055488145519ec375e042e3b60c">Common stock</dei:Security12bTitle>
    <dei:TradingSymbol
      contextRef="c20210506to20210506"
      id="Fact_2c4abd7f1222431dbb998c46bdd34dbf">VHI</dei:TradingSymbol>
    <dei:SecurityExchangeName
      contextRef="c20210506to20210506"
      id="Fact_5020b342c4b340ce9d958b7303d9dc8f">NYSE</dei:SecurityExchangeName>
    <dei:EntityEmergingGrowthCompany
      contextRef="c20210506to20210506"
      id="Fact_de3c7c982d4a4b528ae1f595ff577a02">false</dei:EntityEmergingGrowthCompany>
</xbrl>
</XML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>9
<FILENAME>R1.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm139754542712584">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Document and Entity Information<br></strong></div></th>
<th class="th"><div>May 06, 2021</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_CoverAbstract', window );"><strong>Cover [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_DocumentType', window );">Document Type</a></td>
<td class="text">8-K<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_AmendmentFlag', window );">Amendment Flag</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_DocumentPeriodEndDate', window );">Document Period End Date</a></td>
<td class="text">May  06,  2021<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityRegistrantName', window );">Entity Registrant Name</a></td>
<td class="text">Valhi, Inc.<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityIncorporationStateCountryCode', window );">Entity Incorporation, State or Country Code</a></td>
<td class="text">DE<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityFileNumber', window );">Entity File Number</a></td>
<td class="text">1-5467<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityTaxIdentificationNumber', window );">Entity Tax Identification Number</a></td>
<td class="text">87-0110150<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityAddressAddressLine1', window );">Entity Address, Address Line One</a></td>
<td class="text">5430 LBJ Freeway<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityAddressAddressLine2', window );">Entity Address, Address Line Two</a></td>
<td class="text">Suite 1700<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityAddressCityOrTown', window );">Entity Address, City or Town</a></td>
<td class="text">Dallas<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityAddressStateOrProvince', window );">Entity Address, State or Province</a></td>
<td class="text">TX<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityAddressPostalZipCode', window );">Entity Address, Postal Zip Code</a></td>
<td class="text">75240-2620<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_CityAreaCode', window );">City Area Code</a></td>
<td class="text">972<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LocalPhoneNumber', window );">Local Phone Number</a></td>
<td class="text">233-1700<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_WrittenCommunications', window );">Written Communications</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_SolicitingMaterial', window );">Soliciting Material</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_PreCommencementTenderOffer', window );">Pre-commencement Tender Offer</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_PreCommencementIssuerTenderOffer', window );">Pre-commencement Issuer Tender Offer</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityEmergingGrowthCompany', window );">Entity Emerging Growth Company</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityCentralIndexKey', window );">Entity Central Index Key</a></td>
<td class="text">0000059255<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_Security12bTitle', window );">Title of 12(b) Security</a></td>
<td class="text">Common stock<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_TradingSymbol', window );">Trading Symbol</a></td>
<td class="text">VHI<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_SecurityExchangeName', window );">Security Exchange Name</a></td>
<td class="text">NYSE<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_AmendmentFlag">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_AmendmentFlag</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_CityAreaCode">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Area code of city</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_CityAreaCode</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_CoverAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Cover page.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_CoverAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentPeriodEndDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The end date of the period reflected on the cover page if a periodic report. For all other reports and registration statements containing historical data, it is the date up through which that historical data is presented.  If there is no historical data in the report, use the filing date. The format of the date is CCYY-MM-DD.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentPeriodEndDate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:dateItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentType">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentType</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:submissionTypeItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressAddressLine1">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Address Line 1 such as Attn, Building Name, Street Name</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressAddressLine1</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressAddressLine2">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Address Line 2 such as Street or Suite number</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressAddressLine2</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressCityOrTown">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Name of the City or Town</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressCityOrTown</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressPostalZipCode">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Code for the postal or zip code</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressPostalZipCode</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressStateOrProvince">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Name of the state or province.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressStateOrProvince</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:stateOrProvinceItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityCentralIndexKey">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Regulation 12B<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityCentralIndexKey</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:centralIndexKeyItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityEmergingGrowthCompany">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Indicate if registrant meets the emerging growth company criteria.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Regulation 12B<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityEmergingGrowthCompany</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityFileNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityFileNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:fileNumberItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityIncorporationStateCountryCode">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Two-character EDGAR code representing the state or country of incorporation.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityIncorporationStateCountryCode</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:edgarStateCountryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityRegistrantName">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Regulation 12B<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityRegistrantName</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityTaxIdentificationNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Regulation 12B<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityTaxIdentificationNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:employerIdItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_LocalPhoneNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Local phone number for entity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_LocalPhoneNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_PreCommencementIssuerTenderOffer">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 13e<br> -Subsection 4c<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_PreCommencementIssuerTenderOffer</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_PreCommencementTenderOffer">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 14d<br> -Subsection 2b<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_PreCommencementTenderOffer</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_Security12bTitle">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Title of a 12(b) registered security.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_Security12bTitle</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:securityTitleItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_SecurityExchangeName">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Name of the Exchange on which a security is registered.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection d1-1<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_SecurityExchangeName</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:edgarExchangeCodeItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_SolicitingMaterial">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Section 14a<br> -Number 240<br> -Subsection 12<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_SolicitingMaterial</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_TradingSymbol">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Trading symbol of an instrument as listed on an exchange.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_TradingSymbol</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:tradingSymbolItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_WrittenCommunications">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Securities Act<br> -Number 230<br> -Section 425<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_WrittenCommunications</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EXCEL
<SEQUENCE>10
<FILENAME>Financial_Report.xlsx
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
begin 644 Financial_Report.xlsx
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M=]W3CHG&K=!X#;[Q3X?#KHG&J]!TZVDF)_VN:Z3I%FA"1N/K>A(5M>5 TR
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M!Z.:60F]A%9JGZJ'-#ZH'C(*!?&Y'C[E>G@*-Y;&O%"N@GL!_]':-\*K^(+
M.7\N?<^E[[GT/:'2MS<C?6?!TXM;WD9N6\3[KC':US0N*&-7<LW(QU2ODRG8
M.9_ [/UH/I[Q[?K9)(2OFEDM(Q:02X&S022X_(O*\"K$">AD6R4)RU3393>*
M$IY"&V[I4_5*E=?EK[DHN#Q;Y.FOH70^+,_Y/%_GM,T+,T.W<DOJMI2^M28X
M2O2QS'!.'LL,.V<\DAVV=Z =-?OV77;D(Z4P4Y=#N!I"O@-MNIW<.CB>F)&Y
M"M-2D&_#^>G%>!KB.=D$N7V85VWGV-'1^^?!4;"C[SR6'<>(\J(A[J&&F,_#
M0X=Y>U^89Y7&4#04;6RL)"Q&MV"XU_$L%.!D8"V@!X.O40+R4E5@,5O& RN0
MHGQ,C$7H<.>77%_CT9+CVZ9EM6ZO*7<9;2)2.<)IF!-GJ\K>9;'!51W/55OR
ML+YJ/;053L_^6:W(GPP13A8+$DACE!>F2J+S&5.^YRM)Q%4XOT4SMA*7&+SC
MYL=Q3E.X$G:V#P(RN;LYJ7IE,6>F\M\M# DL6XA9$N)-7>W5YYN<KGHB=OJ7
M=\%@\OUPR4</Y3OG7_1=0ZY^]MWC^FZ3.TA,G'G%$0%T10(CE1P&%A<RY%#N
MDI &$P'-E,E$\ *"9*8<@)CZ"[WR#+DI%<ZM/CE_12R#ADY>TB42%(JP# 4A
M%W+C[^^3:G>,U_HL@6V$5#)DU1?*0XG!/3-R0]A4)?.NVB8+A=OB5,V[&KXF
M8$O#>FZ=+2?_VU[4/;07/4;SHYG@'K.'<YMZN,)%K/]8UA[Y,M\Y<-LZW@->
MYA,L0Z1^P7V*BH 1JV*^NJ]/^26<.[1[\8$@F_S6VZ3VW> ,?-2K6J5D*Q$_
M2P=\'Y(&8XQ;]#1?CQ1BK::QK<;:,0QY@%CS#*%F.-^'19H:,]6+K#F-"F]!
MU4#E/]O4#6CV#30<D05>,9FV-J/D3@H\W/[O#;#"Q([A[8N_ 5!+ P04
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M>1<W]T6NS>,)KM\,<'AT_@%02P,$%     @ 8(*F4F60>9(9 0  SP,  !,
M  !;0V]N=&5N=%]4>7!E<UTN>&ULK9--3L,P$(6O$F5;)2XL6*"F&V +77 !
M8T\:J_Z39UK2VS-.VDJ@$A6%3:QXWKS/GI>LWH\1L.B=]=B4'5%\% )5!TYB
M'2)XKK0A.4G\FK8B2K636Q#WR^6#4,$3>*HH>Y3KU3.T<F^I>.EY&TWP39G
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M+GAM;%!+ 0(4 Q0    ( &""IE)9X0LU[P   "L"   1              "
M :\   !D;V-0<F]P<R]C;W)E+GAM;%!+ 0(4 Q0    ( &""IE*97)PC$ 8
M )PG   3              "  <T!  !X;"]T:&5M92]T:&5M93$N>&UL4$L!
M A0#%     @ 8(*F4OS-XG<L!   OA   !@              ("!#@@  'AL
M+W=O<FMS:&5E=',O<VAE970Q+GAM;%!+ 0(4 Q0    ( &""IE*?H!OPL0(
M .(,   -              "  7 ,  !X;"]S='EL97,N>&UL4$L! A0#%
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K  !;0V]N=&5N=%]4>7!E<UTN>&UL4$L%!@     )  D /@(  - 3      $!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>11
<FILENAME>Show.js
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
// Edgar(tm) Renderer was created by staff of the U.S. Securities and Exchange Commission.  Data and content created by government employees within the scope of their employment are not subject to domestic copyright protection. 17 U.S.C. 105.
var Show={};Show.LastAR=null,Show.showAR=function(a,r,w){if(Show.LastAR)Show.hideAR();var e=a;while(e&&e.nodeName!='TABLE')e=e.nextSibling;if(!e||e.nodeName!='TABLE'){var ref=((window)?w.document:document).getElementById(r);if(ref){e=ref.cloneNode(!0);
e.removeAttribute('id');a.parentNode.appendChild(e)}}
if(e)e.style.display='block';Show.LastAR=e};Show.hideAR=function(){Show.LastAR.style.display='none'};Show.toggleNext=function(a){var e=a;while(e.nodeName!='DIV')e=e.nextSibling;if(!e.style){}else if(!e.style.display){}else{var d,p_;if(e.style.display=='none'){d='block';p='-'}else{d='none';p='+'}
e.style.display=d;if(a.textContent){a.textContent=p+a.textContent.substring(1)}else{a.innerText=p+a.innerText.substring(1)}}}
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>12
<FILENAME>report.css
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
/* Updated 2009-11-04 */
/* v2.2.0.24 */

/* DefRef Styles */
..report table.authRefData{
	background-color: #def;
	border: 2px solid #2F4497;
	font-size: 1em;
	position: absolute;
}

..report table.authRefData a {
	display: block;
	font-weight: bold;
}

..report table.authRefData p {
	margin-top: 0px;
}

..report table.authRefData .hide {
	background-color: #2F4497;
	padding: 1px 3px 0px 0px;
	text-align: right;
}

..report table.authRefData .hide a:hover {
	background-color: #2F4497;
}

..report table.authRefData .body {
	height: 150px;
	overflow: auto;
	width: 400px;
}

..report table.authRefData table{
	font-size: 1em;
}

/* Report Styles */
..pl a, .pl a:visited {
	color: black;
	text-decoration: none;
}

/* table */
..report {
	background-color: white;
	border: 2px solid #acf;
	clear: both;
	color: black;
	font: normal 8pt Helvetica, Arial, san-serif;
	margin-bottom: 2em;
}

..report hr {
	border: 1px solid #acf;
}

/* Top labels */
..report th {
	background-color: #acf;
	color: black;
	font-weight: bold;
	text-align: center;
}

..report th.void	{
	background-color: transparent;
	color: #000000;
	font: bold 10pt Helvetica, Arial, san-serif;
	text-align: left;
}

..report .pl {
	text-align: left;
	vertical-align: top;
	white-space: normal;
	width: 200px;
	white-space: normal; /* word-wrap: break-word; */
}

..report td.pl a.a {
	cursor: pointer;
	display: block;
	width: 200px;
	overflow: hidden;
}

..report td.pl div.a {
	width: 200px;
}

..report td.pl a:hover {
	background-color: #ffc;
}

/* Header rows... */
..report tr.rh {
	background-color: #acf;
	color: black;
	font-weight: bold;
}

/* Calendars... */
..report .rc {
	background-color: #f0f0f0;
}

/* Even rows... */
..report .re, .report .reu {
	background-color: #def;
}

..report .reu td {
	border-bottom: 1px solid black;
}

/* Odd rows... */
..report .ro, .report .rou {
	background-color: white;
}

..report .rou td {
	border-bottom: 1px solid black;
}

..report .rou table td, .report .reu table td {
	border-bottom: 0px solid black;
}

/* styles for footnote marker */
..report .fn {
	white-space: nowrap;
}

/* styles for numeric types */
..report .num, .report .nump {
	text-align: right;
	white-space: nowrap;
}

..report .nump {
	padding-left: 2em;
}

..report .nump {
	padding: 0px 0.4em 0px 2em;
}

/* styles for text types */
..report .text {
	text-align: left;
	white-space: normal;
}

..report .text .big {
	margin-bottom: 1em;
	width: 17em;
}

..report .text .more {
	display: none;
}

..report .text .note {
	font-style: italic;
	font-weight: bold;
}

..report .text .small {
	width: 10em;
}

..report sup {
	font-style: italic;
}

..report .outerFootnotes {
	font-size: 1em;
}
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>13
<FILENAME>FilingSummary.xml
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<XML>
<?xml version='1.0' encoding='utf-8'?>
<FilingSummary>
  <Version>3.21.1</Version>
  <ProcessingTime/>
  <ReportFormat>html</ReportFormat>
  <ContextCount>1</ContextCount>
  <ElementCount>95</ElementCount>
  <EntityCount>1</EntityCount>
  <FootnotesReported>false</FootnotesReported>
  <SegmentCount>0</SegmentCount>
  <ScenarioCount>0</ScenarioCount>
  <TuplesReported>false</TuplesReported>
  <UnitCount>0</UnitCount>
  <MyReports>
    <Report instance="vhi8k210506.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R1.htm</HtmlFileName>
      <LongName>000100 - Document - Document and Entity Information</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://valhi.com/role/DocumentAndEntityInformation</Role>
      <ShortName>Document and Entity Information</ShortName>
      <MenuCategory>Cover</MenuCategory>
      <Position>1</Position>
    </Report>
    <Report>
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <LongName>All Reports</LongName>
      <ReportType>Book</ReportType>
      <ShortName>All Reports</ShortName>
    </Report>
  </MyReports>
  <InputFiles>
    <File doctype="8-K" original="vhi8k210506.htm">vhi8k210506.htm</File>
    <File>exh991.htm</File>
    <File>exh992.htm</File>
    <File>vhi-20210506.xsd</File>
    <File>vhi-20210506_lab.xml</File>
    <File>vhi-20210506_pre.xml</File>
  </InputFiles>
  <SupplementalFiles/>
  <BaseTaxonomies>
    <BaseTaxonomy>http://xbrl.sec.gov/dei/2019-01-31</BaseTaxonomy>
  </BaseTaxonomies>
  <HasPresentationLinkbase>true</HasPresentationLinkbase>
  <HasCalculationLinkbase>false</HasCalculationLinkbase>
</FilingSummary>
</XML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>JSON
<SEQUENCE>15
<FILENAME>MetaLinks.json
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
{
 "instance": {
  "vhi8k210506.htm": {
   "axisCustom": 0,
   "axisStandard": 0,
   "contextCount": 1,
   "dts": {
    "definitionLink": {
     "remote": [
      "http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-eedm-def-2019-01-31.xml",
      "http://xbrl.fasb.org/srt/2019/elts/srt-eedm1-def-2019-01-31.xml"
     ]
    },
    "inline": {
     "local": [
      "vhi8k210506.htm"
     ]
    },
    "labelLink": {
     "local": [
      "vhi-20210506_lab.xml"
     ],
     "remote": [
      "https://xbrl.sec.gov/dei/2019/dei-doc-2019-01-31.xml"
     ]
    },
    "presentationLink": {
     "local": [
      "vhi-20210506_pre.xml"
     ]
    },
    "referenceLink": {
     "remote": [
      "https://xbrl.sec.gov/dei/2019/dei-ref-2019-01-31.xml"
     ]
    },
    "schema": {
     "local": [
      "vhi-20210506.xsd"
     ],
     "remote": [
      "http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd",
      "http://www.xbrl.org/2003/xl-2003-12-31.xsd",
      "http://www.xbrl.org/2003/xlink-2003-12-31.xsd",
      "http://www.xbrl.org/lrr/role/net-2009-12-16.xsd",
      "http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd",
      "https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd",
      "http://www.xbrl.org/2003/xbrl-instance-2003-12-31.xsd",
      "http://www.xbrl.org/2005/xbrldt-2005.xsd",
      "http://www.xbrl.org/dtr/type/nonNumeric-2009-12-16.xsd",
      "http://www.xbrl.org/dtr/type/numeric-2009-12-16.xsd",
      "http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd",
      "http://xbrl.fasb.org/us-gaap/2019/elts/us-roles-2019-01-31.xsd",
      "http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd",
      "http://www.xbrl.org/2006/ref-2006-02-27.xsd",
      "http://xbrl.fasb.org/srt/2019/elts/srt-types-2019-01-31.xsd",
      "http://xbrl.fasb.org/srt/2019/elts/srt-roles-2019-01-31.xsd",
      "https://xbrl.sec.gov/country/2017/country-2017-01-31.xsd",
      "http://xbrl.fasb.org/us-gaap/2019/elts/us-types-2019-01-31.xsd",
      "https://xbrl.sec.gov/currency/2019/currency-2019-01-31.xsd",
      "https://xbrl.sec.gov/exch/2019/exch-2019-01-31.xsd",
      "https://xbrl.sec.gov/naics/2017/naics-2017-01-31.xsd",
      "https://xbrl.sec.gov/sic/2011/sic-2011-01-31.xsd",
      "https://xbrl.sec.gov/stpr/2018/stpr-2018-01-31.xsd",
      "http://www.xbrl.org/2004/ref-2004-08-10.xsd",
      "http://www.xbrl.org/lrr/arcrole/factExplanatory-2009-12-16.xsd",
      "http://www.xbrl.org/lrr/role/deprecated-2009-12-16.xsd"
     ]
    }
   },
   "elementCount": 29,
   "entityCount": 1,
   "hidden": {
    "http://xbrl.sec.gov/dei/2019-01-31": 2,
    "total": 2
   },
   "keyCustom": 0,
   "keyStandard": 95,
   "memberCustom": 0,
   "memberStandard": 0,
   "nsprefix": "vhi",
   "nsuri": "http://valhi.com/20210506",
   "report": {
    "R1": {
     "firstAnchor": {
      "ancestors": [
       "div",
       "div",
       "body",
       "html"
      ],
      "baseRef": "vhi8k210506.htm",
      "contextRef": "c20210506to20210506",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "dei:DocumentType",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     },
     "groupType": "document",
     "isDefault": "true",
     "longName": "000100 - Document - Document and Entity Information",
     "role": "http://valhi.com/role/DocumentAndEntityInformation",
     "shortName": "Document and Entity Information",
     "subGroupType": "",
     "uniqueAnchor": {
      "ancestors": [
       "div",
       "div",
       "body",
       "html"
      ],
      "baseRef": "vhi8k210506.htm",
      "contextRef": "c20210506to20210506",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "dei:DocumentType",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     }
    }
   },
   "segmentCount": 0,
   "tag": {
    "dei_AmendmentFlag": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.",
        "label": "Amendment Flag"
       }
      }
     },
     "localname": "AmendmentFlag",
     "nsuri": "http://xbrl.sec.gov/dei/2019-01-31",
     "presentation": [
      "http://valhi.com/role/DocumentAndEntityInformation"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_CityAreaCode": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Area code of city",
        "label": "City Area Code"
       }
      }
     },
     "localname": "CityAreaCode",
     "nsuri": "http://xbrl.sec.gov/dei/2019-01-31",
     "presentation": [
      "http://valhi.com/role/DocumentAndEntityInformation"
     ],
     "xbrltype": "normalizedStringItemType"
    },
    "dei_CoverAbstract": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Cover page.",
        "label": "Cover [Abstract]"
       }
      }
     },
     "localname": "CoverAbstract",
     "nsuri": "http://xbrl.sec.gov/dei/2019-01-31",
     "xbrltype": "stringItemType"
    },
    "dei_DocumentFiscalPeriodFocus": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Fiscal period values are FY, Q1, Q2, and Q3.  1st, 2nd and 3rd quarter 10-Q or 10-QT statements have value Q1, Q2, and Q3 respectively, with 10-K, 10-KT or other fiscal year statements having FY.",
        "label": "Document Fiscal Period Focus"
       }
      }
     },
     "localname": "DocumentFiscalPeriodFocus",
     "nsuri": "http://xbrl.sec.gov/dei/2019-01-31",
     "presentation": [
      "http://valhi.com/role/DocumentAndEntityInformation"
     ],
     "xbrltype": "fiscalPeriodItemType"
    },
    "dei_DocumentFiscalYearFocus": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "This is focus fiscal year of the document report in CCYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006.",
        "label": "Document Fiscal Year Focus"
       }
      }
     },
     "localname": "DocumentFiscalYearFocus",
     "nsuri": "http://xbrl.sec.gov/dei/2019-01-31",
     "presentation": [
      "http://valhi.com/role/DocumentAndEntityInformation"
     ],
     "xbrltype": "gYearItemType"
    },
    "dei_DocumentPeriodEndDate": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The end date of the period reflected on the cover page if a periodic report. For all other reports and registration statements containing historical data, it is the date up through which that historical data is presented.  If there is no historical data in the report, use the filing date. The format of the date is CCYY-MM-DD.",
        "label": "Document Period End Date"
       }
      }
     },
     "localname": "DocumentPeriodEndDate",
     "nsuri": "http://xbrl.sec.gov/dei/2019-01-31",
     "presentation": [
      "http://valhi.com/role/DocumentAndEntityInformation"
     ],
     "xbrltype": "dateItemType"
    },
    "dei_DocumentType": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.",
        "label": "Document Type"
       }
      }
     },
     "localname": "DocumentType",
     "nsuri": "http://xbrl.sec.gov/dei/2019-01-31",
     "presentation": [
      "http://valhi.com/role/DocumentAndEntityInformation"
     ],
     "xbrltype": "submissionTypeItemType"
    },
    "dei_EntityAddressAddressLine1": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Address Line 1 such as Attn, Building Name, Street Name",
        "label": "Entity Address, Address Line One"
       }
      }
     },
     "localname": "EntityAddressAddressLine1",
     "nsuri": "http://xbrl.sec.gov/dei/2019-01-31",
     "presentation": [
      "http://valhi.com/role/DocumentAndEntityInformation"
     ],
     "xbrltype": "normalizedStringItemType"
    },
    "dei_EntityAddressAddressLine2": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Address Line 2 such as Street or Suite number",
        "label": "Entity Address, Address Line Two"
       }
      }
     },
     "localname": "EntityAddressAddressLine2",
     "nsuri": "http://xbrl.sec.gov/dei/2019-01-31",
     "presentation": [
      "http://valhi.com/role/DocumentAndEntityInformation"
     ],
     "xbrltype": "normalizedStringItemType"
    },
    "dei_EntityAddressAddressLine3": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Address Line 3 such as an Office Park",
        "label": "Entity Address, Address Line Three"
       }
      }
     },
     "localname": "EntityAddressAddressLine3",
     "nsuri": "http://xbrl.sec.gov/dei/2019-01-31",
     "presentation": [
      "http://valhi.com/role/DocumentAndEntityInformation"
     ],
     "xbrltype": "normalizedStringItemType"
    },
    "dei_EntityAddressCityOrTown": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Name of the City or Town",
        "label": "Entity Address, City or Town"
       }
      }
     },
     "localname": "EntityAddressCityOrTown",
     "nsuri": "http://xbrl.sec.gov/dei/2019-01-31",
     "presentation": [
      "http://valhi.com/role/DocumentAndEntityInformation"
     ],
     "xbrltype": "normalizedStringItemType"
    },
    "dei_EntityAddressCountry": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "ISO 3166-1 alpha-2 country code.",
        "label": "Entity Address, Country"
       }
      }
     },
     "localname": "EntityAddressCountry",
     "nsuri": "http://xbrl.sec.gov/dei/2019-01-31",
     "presentation": [
      "http://valhi.com/role/DocumentAndEntityInformation"
     ],
     "xbrltype": "countryCodeItemType"
    },
    "dei_EntityAddressPostalZipCode": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Code for the postal or zip code",
        "label": "Entity Address, Postal Zip Code"
       }
      }
     },
     "localname": "EntityAddressPostalZipCode",
     "nsuri": "http://xbrl.sec.gov/dei/2019-01-31",
     "presentation": [
      "http://valhi.com/role/DocumentAndEntityInformation"
     ],
     "xbrltype": "normalizedStringItemType"
    },
    "dei_EntityAddressStateOrProvince": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Name of the state or province.",
        "label": "Entity Address, State or Province"
       }
      }
     },
     "localname": "EntityAddressStateOrProvince",
     "nsuri": "http://xbrl.sec.gov/dei/2019-01-31",
     "presentation": [
      "http://valhi.com/role/DocumentAndEntityInformation"
     ],
     "xbrltype": "stateOrProvinceItemType"
    },
    "dei_EntityCentralIndexKey": {
     "auth_ref": [
      "r5"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.",
        "label": "Entity Central Index Key"
       }
      }
     },
     "localname": "EntityCentralIndexKey",
     "nsuri": "http://xbrl.sec.gov/dei/2019-01-31",
     "presentation": [
      "http://valhi.com/role/DocumentAndEntityInformation"
     ],
     "xbrltype": "centralIndexKeyItemType"
    },
    "dei_EntityEmergingGrowthCompany": {
     "auth_ref": [
      "r5"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Indicate if registrant meets the emerging growth company criteria.",
        "label": "Entity Emerging Growth Company"
       }
      }
     },
     "localname": "EntityEmergingGrowthCompany",
     "nsuri": "http://xbrl.sec.gov/dei/2019-01-31",
     "presentation": [
      "http://valhi.com/role/DocumentAndEntityInformation"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_EntityFileNumber": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.",
        "label": "Entity File Number"
       }
      }
     },
     "localname": "EntityFileNumber",
     "nsuri": "http://xbrl.sec.gov/dei/2019-01-31",
     "presentation": [
      "http://valhi.com/role/DocumentAndEntityInformation"
     ],
     "xbrltype": "fileNumberItemType"
    },
    "dei_EntityIncorporationStateCountryCode": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Two-character EDGAR code representing the state or country of incorporation.",
        "label": "Entity Incorporation, State or Country Code"
       }
      }
     },
     "localname": "EntityIncorporationStateCountryCode",
     "nsuri": "http://xbrl.sec.gov/dei/2019-01-31",
     "presentation": [
      "http://valhi.com/role/DocumentAndEntityInformation"
     ],
     "xbrltype": "edgarStateCountryItemType"
    },
    "dei_EntityRegistrantName": {
     "auth_ref": [
      "r5"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.",
        "label": "Entity Registrant Name"
       }
      }
     },
     "localname": "EntityRegistrantName",
     "nsuri": "http://xbrl.sec.gov/dei/2019-01-31",
     "presentation": [
      "http://valhi.com/role/DocumentAndEntityInformation"
     ],
     "xbrltype": "normalizedStringItemType"
    },
    "dei_EntityTaxIdentificationNumber": {
     "auth_ref": [
      "r5"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.",
        "label": "Entity Tax Identification Number"
       }
      }
     },
     "localname": "EntityTaxIdentificationNumber",
     "nsuri": "http://xbrl.sec.gov/dei/2019-01-31",
     "presentation": [
      "http://valhi.com/role/DocumentAndEntityInformation"
     ],
     "xbrltype": "employerIdItemType"
    },
    "dei_LocalPhoneNumber": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Local phone number for entity.",
        "label": "Local Phone Number"
       }
      }
     },
     "localname": "LocalPhoneNumber",
     "nsuri": "http://xbrl.sec.gov/dei/2019-01-31",
     "presentation": [
      "http://valhi.com/role/DocumentAndEntityInformation"
     ],
     "xbrltype": "normalizedStringItemType"
    },
    "dei_NoTradingSymbolFlag": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Boolean flag that is true only for a security having no trading symbol.",
        "label": "No Trading Symbol Flag"
       }
      }
     },
     "localname": "NoTradingSymbolFlag",
     "nsuri": "http://xbrl.sec.gov/dei/2019-01-31",
     "presentation": [
      "http://valhi.com/role/DocumentAndEntityInformation"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_PreCommencementIssuerTenderOffer": {
     "auth_ref": [
      "r2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.",
        "label": "Pre-commencement Issuer Tender Offer"
       }
      }
     },
     "localname": "PreCommencementIssuerTenderOffer",
     "nsuri": "http://xbrl.sec.gov/dei/2019-01-31",
     "presentation": [
      "http://valhi.com/role/DocumentAndEntityInformation"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_PreCommencementTenderOffer": {
     "auth_ref": [
      "r3"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.",
        "label": "Pre-commencement Tender Offer"
       }
      }
     },
     "localname": "PreCommencementTenderOffer",
     "nsuri": "http://xbrl.sec.gov/dei/2019-01-31",
     "presentation": [
      "http://valhi.com/role/DocumentAndEntityInformation"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_Security12bTitle": {
     "auth_ref": [
      "r0"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Title of a 12(b) registered security.",
        "label": "Title of 12(b) Security"
       }
      }
     },
     "localname": "Security12bTitle",
     "nsuri": "http://xbrl.sec.gov/dei/2019-01-31",
     "presentation": [
      "http://valhi.com/role/DocumentAndEntityInformation"
     ],
     "xbrltype": "securityTitleItemType"
    },
    "dei_SecurityExchangeName": {
     "auth_ref": [
      "r1"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Name of the Exchange on which a security is registered.",
        "label": "Security Exchange Name"
       }
      }
     },
     "localname": "SecurityExchangeName",
     "nsuri": "http://xbrl.sec.gov/dei/2019-01-31",
     "presentation": [
      "http://valhi.com/role/DocumentAndEntityInformation"
     ],
     "xbrltype": "edgarExchangeCodeItemType"
    },
    "dei_SolicitingMaterial": {
     "auth_ref": [
      "r4"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.",
        "label": "Soliciting Material"
       }
      }
     },
     "localname": "SolicitingMaterial",
     "nsuri": "http://xbrl.sec.gov/dei/2019-01-31",
     "presentation": [
      "http://valhi.com/role/DocumentAndEntityInformation"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_TradingSymbol": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Trading symbol of an instrument as listed on an exchange.",
        "label": "Trading Symbol"
       }
      }
     },
     "localname": "TradingSymbol",
     "nsuri": "http://xbrl.sec.gov/dei/2019-01-31",
     "presentation": [
      "http://valhi.com/role/DocumentAndEntityInformation"
     ],
     "xbrltype": "tradingSymbolItemType"
    },
    "dei_WrittenCommunications": {
     "auth_ref": [
      "r6"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.",
        "label": "Written Communications"
       }
      }
     },
     "localname": "WrittenCommunications",
     "nsuri": "http://xbrl.sec.gov/dei/2019-01-31",
     "presentation": [
      "http://valhi.com/role/DocumentAndEntityInformation"
     ],
     "xbrltype": "booleanItemType"
    }
   },
   "unitCount": 0
  }
 },
 "std_ref": {
  "r0": {
   "Name": "Exchange Act",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "12",
   "Subsection": "b"
  },
  "r1": {
   "Name": "Exchange Act",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "12",
   "Subsection": "d1-1"
  },
  "r2": {
   "Name": "Exchange Act",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "13e",
   "Subsection": "4c"
  },
  "r3": {
   "Name": "Exchange Act",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "14d",
   "Subsection": "2b"
  },
  "r4": {
   "Name": "Exchange Act",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "14a",
   "Subsection": "12"
  },
  "r5": {
   "Name": "Regulation 12B",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "12",
   "Subsection": "b-2"
  },
  "r6": {
   "Name": "Securities Act",
   "Number": "230",
   "Publisher": "SEC",
   "Section": "425"
  }
 },
 "version": "2.1"
}
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>ZIP
<SEQUENCE>16
<FILENAME>0000059255-21-000065-xbrl.zip
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
begin 644 0000059255-21-000065-xbrl.zip
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M3*Z$.IOR"Z,@X\)\0HH<WOI+\'ZE)J!KUWXI%M8U7RZ=1S:;"#Q5+@'(V3$
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MRYK+DF6/WGB)/Q$?AODH@@__#U!+ P04    " !@@J925R)5-ZD(   Q(
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M!NQW^B'RE@I[8*PX3"76@&[)R171D*F)8ET[VS8AWM8MI? JD(K)DVF49()
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M#2+'"JQ5$A8'Z->S?$,(U(;#:?8%?8Q(I^UG1K3O<9O[PO XI]+R.7>$P6P
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M>"@]3FT(.7-X8'B.,%W/-<4*<?8]R[:[;4KV8;F)%Q]AE8;@%G>HR\&C%H7
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M_P%02P$"% ,4    " !@@J92,T*7';DB   LW0$ "@              @ $
M    97AH.3DQ+FAT;5!+ 0(4 Q0    ( &""IE)7(E4WJ0@  #$@   *
M          "  >$B  !E>&@Y.3(N:'1M4$L! A0#%     @ 8(*F4ILJ'.QN
M P  >!   !               ( !LBL  '9H:2TR,#(Q,#4P-BYX<V102P$"
M% ,4    " !@@J92NZ)M_YX(   @60  %               @ %.+P  =FAI
M+3(P,C$P-3 V7VQA8BYX;6Q02P$"% ,4    " !@@J926L66L>D%  "6/P
M%               @ $>.   =FAI+3(P,C$P-3 V7W!R92YX;6Q02P$"% ,4
M    " !@@J92<!#@%^ 3  "8@P  #P              @ $Y/@  =FAI.&LR
?,3 U,#8N:'1M4$L%!@     &  8 ;P$  $92      $!

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
