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ACQUISITIONS (Tables) | 12 Months Ended
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Dec. 31, 2013
KA Steel [Member] |
Business Acquisition [Line Items] |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block] | The following table summarizes the allocation of the purchase price to KA Steel’s assets and liabilities:
| August 22, 2012
| ($ in millions)
Total current assets | $ | 128.1 |
Property, plant and equipment | 25.1 |
Deferred taxes | 1.6 |
Intangible assets | 139.3 |
Total assets acquired | 294.1 |
Total current liabilities | 64.2 |
Other liabilities | 10.4 |
Total liabilities assumed | 74.6 |
Net identifiable assets acquired | 219.5 |
Goodwill | 119.7 |
Fair value of net assets acquired | $ | 339.2 |
Supplemental Data |
Cash paid | $ | 336.6 |
Olin trade accounts receivable from KA Steel | 2.6 |
Total fair value of consideration | $ | 339.2 |
Pro forma summary | The following pro forma summary presents the condensed statement of income as if the acquisition of KA Steel had occurred on January 1, 2011 (unaudited).
| Years Ended December 31,
| 2012 |  | 2011
| ($ in millions, except per share data)
Sales | $ | 2,462.6 |  |  | $ | 2,351.5 |
Net income | 160.1 |  |  | 240.0 |
Net income per common share: |  |  |
Basic | $ | 2.00 |  |  | $ | 3.00 |
Diluted | $ | 1.98 |  |  | $ | 2.97 |
SunBelt [Member] |
Business Acquisition [Line Items] |
Summary of the final allocation of purchase price to SunBelt's assets and liabilities | The following table summarizes the final allocation of the purchase price to SunBelt’s assets and liabilities:
| February 28, 2011
| ($ in millions)
Total current assets | $ | 37.6 |
Property, plant and equipment | 87.4 |
Deferred income taxes | 0.4 |
Other assets | 5.8 |
Total assets acquired | 131.2 |
Total current liabilities | 42.7 |
Long-term debt | 75.1 |
Other liabilities | 27.6 |
Total liabilities assumed | 145.4 |
Less: Investment in SunBelt | (0.8 | )
Net liabilities assumed | (13.4 | )
Liabilities for uncertainties | 48.3 |
Gain on remeasurement of investment in SunBelt | (181.4 | )
Goodwill | 327.1 |
Fair value of total consideration | $ | 180.6 |
Pro forma summary | The following pro forma summary presents the condensed statements of income as if the acquisition of SunBelt had occurred on January 1, 2011 (unaudited).
| Year Ended December 31,
| 2011
| ($ in millions, except per share data)
Sales | $ | 1,987.4 |
Net income | 140.6 |
Net income per common share: |
Basic | $ | 1.76 |
Diluted | $ | 1.74 |

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- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2)-(3) -URI http://asc.fasb.org/extlink&oid=25497992&loc=d3e1392-128463 + Details
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- Definition Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=25497992&loc=d3e1392-128463 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=25497992&loc=d3e1486-128463 + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6910749&loc=d3e4845-128472 + Details
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