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SEGMENT INFORMATION (Tables)

6 Months Ended

Jun. 30, 2024

Segment Reporting [Abstract]

Segment Information

			Three Months Ended June 30,												Six Months Ended June 30,
			2024						2023						2024						2023
Segment Detail			($ in millions)
Sales
Chlor Alkali Products and Vinyls			$	920.3					$	1,002.3					$	1,804.9					$	2,119.4
Epoxy			317.7						333.8						659.0						694.5
Winchester			406.0						366.6						815.4						733.1
Total sales			$	1,644.0					$	1,702.7					$	3,279.3					$	3,547.0
Income before Taxes
Chlor Alkali Products and Vinyls			$	99.3					$	180.1					$	175.9					$	426.0
Epoxy			(3.0)						(0.5)						(14.8)						20.9
Winchester			70.3						64.7						142.5						125.7
Corporate/Other:
Environmental expense			(6.4)						(13.0)						(12.2)						(16.2)
Other corporate and unallocated costs			(17.0)						(22.4)						(42.8)						(56.7)
Restructuring charges			(6.8)						(19.2)						(15.1)						(80.1)
Other operating income			—						27.0						0.2						27.5
Interest expense			(46.6)						(45.3)						(91.2)						(87.7)
Interest income			0.9						1.1						1.7						2.2
Non-operating pension income			5.9						5.4						12.7						11.1
Income before taxes			$	96.6					$	177.9					$	156.9					$	372.7

Other operating income for both the three and six months ended June 30, 2023 included a gain of $27.0 million for the sale of our domestic private trucking fleet and operations.

Disaggregation of Revenue

			Three Months Ended June 30,												Six Months Ended June 30,
			2024						2023						2024						2023
Segment Sales by Geography			($ in millions)
Chlor Alkali Products and Vinyls
United States			$	671.5					$	652.3					$	1,307.1					$	1,418.8
Europe			45.0						45.0						80.8						117.4
Other foreign			203.8						305.0						417.0						583.2
Total Chlor Alkali Products and Vinyls			920.3						1,002.3						1,804.9						2,119.4
Epoxy
United States			166.8						148.8						338.1						300.4
Europe			74.9						77.4						164.2						174.0
Other foreign			76.0						107.6						156.7						220.1
Total Epoxy			317.7						333.8						659.0						694.5
Winchester
United States			373.6						325.3						755.7						655.2
Europe			7.4						15.8						14.3						23.6
Other foreign			25.0						25.5						45.4						54.3
Total Winchester			406.0						366.6						815.4						733.1
Total
United States			1,211.9						1,126.4						2,400.9						2,374.4
Europe			127.3						138.2						259.3						315.0
Other foreign			304.8						438.1						619.1						857.6
Total sales			$	1,644.0					$	1,702.7					$	3,279.3					$	3,547.0

			Three Months Ended June 30,												Six Months Ended June 30,
			2024						2023						2024						2023
Segment Sales by Product Line			($ in millions)
Chlor Alkali Products and Vinyls
Caustic soda			$	376.8					$	454.9					$	732.5					$	1,001.7
Chlorine, chlorine-derivatives and other products			543.5						547.4						1,072.4						1,117.7
Total Chlor Alkali Products and Vinyls			920.3						1,002.3						1,804.9						2,119.4
Epoxy
Aromatics and allylics			128.3						128.7						283.2						271.0
Epoxy resins			189.4						205.1						375.8						423.5
Total Epoxy			317.7						333.8						659.0						694.5
Winchester
Commercial			222.0						199.4						464.8						399.9
Military and law enforcement(1)			184.0						167.2						350.6						333.2
Total Winchester			406.0						366.6						815.4						733.1
Total sales			$	1,644.0					$	1,702.7					$	3,279.3					$	3,547.0

(1)    For the three months ended June 30, 2024 and 2023, revenue recognized over time represented $37.8 million and $26.1 million, respectively, and for the six months ended June 30, 2024 and 2023, revenue recognized over time represented $57.6 million and $48.8 million, respectively, associated with governmental contracts within our Winchester business.

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- Definition

Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

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