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Condensed Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2024
Dec. 31, 2023
Jun. 30, 2023
Current assets:      
Cash and cash equivalents $ 182.1 $ 170.3 $ 161.1
Receivables, net 903.6 874.7 869.8
Income taxes receivable 17.7 15.3 32.8
Inventories, net 872.9 858.8 1,081.2
Other current assets 82.0 54.1 53.3
Total current assets 2,058.3 1,973.2 2,198.2
Property, plant and equipment (less accumulated depreciation of $5,009.8, $4,826.4 and $4,636.9) 2,395.1 2,519.6 2,550.6
Operating lease assets, net 321.2 344.7 335.7
Deferred income taxes 91.5 87.4 82.6
Other assets 1,144.8 1,118.5 1,108.6
Intangible assets, net 226.3 245.8 255.9
Goodwill 1,423.4 1,424.0 1,420.9
Total assets 7,660.6 7,713.2 7,952.5
Current liabilities:      
Current installments of long-term debt 121.8 78.8 9.0
Accounts payable 779.1 775.4 750.0
Income taxes payable 122.5 154.7 139.6
Current operating lease liabilities 67.1 69.3 70.2
Accrued liabilities 348.8 450.0 426.9
Total current liabilities 1,439.3 1,528.2 1,395.7
Long-term debt 2,789.1 2,591.3 2,717.3
Operating lease liabilities 261.0 283.1 273.6
Accrued pension liability 201.8 225.8 225.4
Deferred income taxes 467.9 476.2 505.9
Other liabilities 332.2 340.3 363.0
Total liabilities 5,491.3 5,444.9 5,480.9
Commitments and contingencies
Shareholders’ equity:      
Common stock, $1.00 par value per share: authorized, 240.0 shares; issued and outstanding, 117.5, 120.2 and 125.8 shares 117.5 120.2 125.8
Additional paid-in capital 0.0 24.8 313.7
Accumulated other comprehensive loss (474.0) (496.3) (483.4)
Retained earnings 2,492.6 2,583.7 2,475.9
Olin Corporation’s shareholders’ equity 2,136.1 2,232.4 2,432.0
Noncontrolling interests 33.2 35.9 39.6
Total equity 2,169.3 2,268.3 2,471.6
Total liabilities and equity $ 7,660.6 $ 7,713.2 $ 7,952.5