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DEBT (Tables)
12 Months Ended
Dec. 31, 2013
Debt Instruments [Abstract]  
Schedule of long-term debt
 
December 31,
 
2013
 
2012
Notes payable:
($ in millions)
Variable-rate Go Zone bonds, due 2024 (1.42% and 1.72% at December 31, 2013 and 2012, respectively)
$
50.0

 
$
50.0

Variable-rate Recovery Zone bonds, due 2024-2035 (1.42% and 1.72% at December 31, 2013 and 2012, respectively)
103.0

 
103.0

Variable-rate Industrial development and environmental improvement obligations due 2025 (0.22% and 0.26% at December 31, 2013 and 2012, respectively)
2.9

 
2.9

5.5%, due 2022
200.0

 
200.0

6.5%, due 2013

 
11.4

6.75%, due 2016 (includes interest rate swaps of $6.1 million and $8.4 million in 2013 and 2012, respectively)
131.1

 
133.4

7.23%, SunBelt Notes due 2013-2017 (includes unamortized fair value premium of $0.8 million and $1.1 million and interest rate swaps of $1.2 million and $1.8 million in 2013 and 2012, respectively)
50.7

 
63.9

8.875%, due 2019 (includes unamortized discount of $0.8 million in 2013 and $0.9 million in 2012)
149.2

 
149.1

Capital lease obligations
4.1

 

Total debt
691.0

 
713.7

Amounts due within one year
12.6

 
23.6

Total long-term debt
$
678.4

 
$
690.1

Swap activity related to certain debt obligations
Underlying Debt Instrument
 
Swap
Amount
 
Date of Swap
 
December 31, 2013
 
 
($ in millions)
 
 
 
Olin Pays
Floating Rate:
6.75%, due 2016
 
$
65.0

 
March 2010
 
3.5 - 4.5%
(a) 
6.75%, due 2016
 
$
60.0

 
March 2010
 
3.5 - 4.5%
(a) 
 
 
 
 
 
 
Olin Receives
Floating Rate:
6.75%, due 2016
 
$
65.0

 
October 2011
 
3.5 - 4.5%
(a) 
6.75%, due 2016
 
$
60.0

 
October 2011
 
3.5 - 4.5%
(a)