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Long-Term Debt | 9 Months Ended
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Sep. 30, 2022
Debt Disclosure [Abstract] |
Long-Term Debt | Note 6 – Long-term debt: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, | ​ | September 30,
​ |  | 2021 |  | 2022
​ | ​ | (In millions)
Valhi: |  | ​ |  |  | ​ |
Contran credit facility | ​ | $ | 172.9 | ​ | $ | 134.8
Subsidiary debt: | ​ |  |  | ​ |  |
Kronos: | ​ |  |  | ​ |  |
Senior Notes | ​ |  | 448.8 | ​ |  | 390.2
LandWell: | ​ |  |  | ​ |  |
Note payable to Western Alliance Business Trust | ​ |  | 13.5 | ​ |  | 13.2
BMI: | ​ |  |  | ​ |  |
BWC Bank loan from Western Alliance Bank | ​ |  | 15.4 | ​ |  | —
Other | ​ |  | 2.4 | ​ |  | 2.0
Total subsidiary debt | ​ |  | 480.1 | ​ |  | 405.4
Total debt | ​ |  | 653.0 | ​ |  | 540.2
Less current maturities | ​ |  | 3.1 | ​ |  | 2.0
Total long-term debt | ​ | $ | 649.9 | ​ | $ | 538.2
​ Valhi – Contran credit facility – During the first nine months of 2022, we had borrowings of $.1 million and repayments of $38.2 million under this facility. The average interest rate on the existing balance for the nine months ended September 30, 2022 was 5.20%. At September 30, 2022, the interest rate was 7.25% and $90.2 million was available for borrowing under this facility. Kronos – Senior Notes – At September 30, 2022, the carrying value of Kronos’ 3.75% Senior Secured Notes due September 15, 2025 (€400 million aggregate principal amount outstanding) is stated net of unamortized debt issuance costs of $2.4 million. Revolving credit facility – During the first nine months of 2022, Kronos had no borrowings or repayments under its $225 million global revolving credit facility (“Global Revolver”) and at September 30, 2022, approximately $207 million was available for borrowing under the Global Revolver. BMI – In February 2017, BWC entered into a $20.5 million loan agreement with Western Alliance Bank. In 2022, we repaid $8.4 million on this loan prior to September 10, 2022. As a result of BWC’s bankruptcy filing, BWC is no longer consolidated in our Condensed Consolidated Financial Statements, including the loan from Western Alliance Bank (see Note 2). Other – We are in compliance with all of our debt covenants at September 30, 2022.

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