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SEGMENT INFORMATION (Tables) | 3 Months Ended
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Mar. 31, 2024
Segment Reporting [Abstract] |
Segment Information |
|  |  | Three Months Ended March 31,
|  |  |  |  | 2024 |  | 2023
Segment Detail |  |  |  |  | ($ in millions)
Sales |  |  |  |  |  |  |
Chlor Alkali Products and Vinyls |  |  |  |  | $ | 884.6 |  |  | $ | 1,117.1 |
Epoxy |  |  |  |  | 341.3 |  |  | 360.7 |
Winchester |  |  |  |  | 409.4 |  |  | 366.5 |
Total sales |  |  |  |  | $ | 1,635.3 |  |  | $ | 1,844.3 |
Income before Taxes |  |  |  |  |  |  |
Chlor Alkali Products and Vinyls |  |  |  |  | $ | 76.6 |  |  | $ | 245.9 |
Epoxy |  |  |  |  | (11.8) |  |  | 21.4 |
Winchester |  |  |  |  | 72.2 |  |  | 61.0 |
Corporate/Other: |  |  |  |  |  |  |
Environmental expense |  |  |  |  | (5.8) |  |  | (3.2) |
Other corporate and unallocated costs |  |  |  |  | (25.8) |  |  | (34.3) |
Restructuring charges |  |  |  |  | (8.3) |  |  | (60.9) |
Other operating income |  |  |  |  | 0.2 |  |  | 0.5 |
Interest expense |  |  |  |  | (44.6) |  |  | (42.4) |
Interest income |  |  |  |  | 0.8 |  |  | 1.1 |
Non-operating pension income |  |  |  |  | 6.8 |  |  | 5.7 |
Income before taxes |  |  |  |  | $ | 60.3 |  |  | $ | 194.8 |
Disaggregation of Revenue |
|  |  | Three Months Ended March 31,
|  |  |  |  | 2024 |  | 2023
Segment Sales by Geography |  |  |  |  | ($ in millions)
Chlor Alkali Products and Vinyls |  |  |  |  |  |  |
United States |  |  |  |  | $ | 635.6 |  |  | $ | 766.5 |
Europe |  |  |  |  | 35.8 |  |  | 72.4 |
Other foreign |  |  |  |  | 213.2 |  |  | 278.2 |
Total Chlor Alkali Products and Vinyls |  |  |  |  | 884.6 |  |  | 1,117.1 |
Epoxy |  |  |  |  |  |  |
United States |  |  |  |  | 171.3 |  |  | 151.6 |
Europe |  |  |  |  | 89.3 |  |  | 96.6 |
Other foreign |  |  |  |  | 80.7 |  |  | 112.5 |
Total Epoxy |  |  |  |  | 341.3 |  |  | 360.7 |
Winchester |  |  |  |  |  |  |
United States |  |  |  |  | 382.1 |  |  | 329.9 |
Europe |  |  |  |  | 6.9 |  |  | 7.9 |
Other foreign |  |  |  |  | 20.4 |  |  | 28.7 |
Total Winchester |  |  |  |  | 409.4 |  |  | 366.5 |
Total |  |  |  |  |  |  |
United States |  |  |  |  | 1,189.0 |  |  | 1,248.0 |
Europe |  |  |  |  | 132.0 |  |  | 176.9 |
Other foreign |  |  |  |  | 314.3 |  |  | 419.4 |
Total sales |  |  |  |  | $ | 1,635.3 |  |  | $ | 1,844.3 |
|  |  | Three Months Ended March 31,
|  |  |  |  | 2024 |  | 2023
Segment Sales by Product Line |  |  |  |  | ($ in millions)
Chlor Alkali Products and Vinyls |  |  |  |  |  |  |
Caustic soda |  |  |  |  | $ | 355.7 |  |  | $ | 546.8 |
Chlorine, chlorine-derivatives and other products |  |  |  |  | 528.9 |  |  | 570.3 |
Total Chlor Alkali Products and Vinyls |  |  |  |  | 884.6 |  |  | 1,117.1 |
Epoxy |  |  |  |  |  |  |
Aromatics and allylics |  |  |  |  | 154.9 |  |  | 142.3 |
Epoxy resins |  |  |  |  | 186.4 |  |  | 218.4 |
Total Epoxy |  |  |  |  | 341.3 |  |  | 360.7 |
Winchester |  |  |  |  |  |  |
Commercial |  |  |  |  | 242.8 |  |  | 200.5 |
Military and law enforcement(1) |  |  |  |  | 166.6 |  |  | 166.0 |
Total Winchester |  |  |  |  | 409.4 |  |  | 366.5 |
Total sales |  |  |  |  | $ | 1,635.3 |  |  | $ | 1,844.3 |
(1) For the three months ended March 31, 2024 and 2023, revenue recognized over time represented $19.8 million and $22.7 million, respectively, associated with governmental contracts within our Winchester business.

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