ACQUISITIONS (Tables)

12 Months Ended

Dec. 31, 2013

KA Steel [Member]

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