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SEGMENT INFORMATION
 3 Months Ended
Mar. 31, 2019
Segment Reporting [Abstract]  
SEGMENT INFORMATION
NOTE 15. SEGMENT INFORMATION

We define segment results as income (loss) before interest expense, interest income, other operating income (expense), non-operating pension income, other income and income taxes, and includes the operating results of non-consolidated affiliates. Consistent with the guidance in ASC 280 “Segment Reporting,” we have determined it is appropriate to include the operating results of non-consolidated affiliates in the relevant segment financial results. We have three operating segments: Chlor Alkali Products and Vinyls, Epoxy and Winchester. The three operating segments reflect the organization used by our management for purposes of allocating resources and assessing performance. Chlorine used in our Epoxy segment is transferred at cost from the Chlor Alkali Products and Vinyls segment. Sales and profits are recognized in the Chlor Alkali Products and Vinyls segment for all caustic soda generated and sold by Olin. Sales are attributed to geographic areas based on customer location.

 
Three Months Ended March 31,
 
2019
 
2018
Sales:
($ in millions)
Chlor Alkali Products and Vinyls
$
872.2

 
$
936.1

Epoxy
524.0

 
603.3

Winchester
157.2

 
170.9

Total sales
$
1,553.4

 
$
1,710.3

Income (loss) before taxes:
 
 
 
Chlor Alkali Products and Vinyls
$
120.4

 
$
130.5

Epoxy
10.5

 
(22.1
)
Winchester
9.1

 
12.0

Corporate/other:
 
 
 
Environmental expense
(1.8
)
 
(2.3
)
Other corporate and unallocated costs
(39.1
)
 
(36.5
)
Restructuring charges
(4.0
)
 
(4.0
)
Acquisition-related costs
—

 
(0.3
)
Other operating income
0.1

 
8.1

Interest expense
(57.4
)
 
(63.7
)
Interest income
0.2

 
0.4

Non-operating pension income
3.9

 
5.4

Other income
11.2

 
—

Income before taxes
$
53.1

 
$
27.5



For the three months ended March 31, 2019, other income included a gain of $11.2 million on the sale of our equity interest in a non-consolidated affiliate.

For the three months ended March 31, 2018, we recognized an insurance recovery of $8.0 million in other operating income for a second quarter 2017 business interruption at our Freeport, TX vinyl chloride monomer facility.

 
Three Months Ended March 31, 2019
 
Chlor Alkali Products and Vinyls
 
Epoxy
 
Winchester
 
Total
Sales:
($ in millions)
     United States
$
604.0

 
$
164.1

 
$
141.3

 
$
909.4

     Europe
38.6

 
235.4

 
2.8

 
276.8

     Other foreign
229.6

 
124.5

 
13.1

 
367.2

          Total Sales
$
872.2

 
$
524.0

 
$
157.2

 
$
1,553.4


 
Three Months Ended March 31, 2018
 
Chlor Alkali Products and Vinyls
 
Epoxy
 
Winchester
 
Total
Sales:
($ in millions)
     United States
$
608.1

 
$
180.4

 
$
158.6

 
$
947.1

     Europe
45.8

 
278.5

 
1.0

 
325.3

     Other foreign
282.2

 
144.4

 
11.3

 
437.9

          Total Sales
$
936.1

 
$
603.3

 
$
170.9

 
$
1,710.3


 
Three Months Ended March 31,
 
2019
 
2018
Sales:
($ in millions)
     Chlor Alkali Products and Vinyls
 
 
 
          Caustic soda
$
462.1

 
$
536.9

          Chlorine, chlorine-derivatives and other co-products
410.1

 
399.2

               Total Chlor Alkali Products and Vinyls
872.2

 
936.1

     Epoxy
 
 
 
          Aromatics and allylics
243.8

 
308.4

          Epoxy resins
280.2

 
294.9

               Total Epoxy
524.0

 
603.3

     Winchester
 
 
 
          Commercial
106.4

 
111.2

          Military and law enforcement
50.8

 
59.7

               Total Winchester
157.2

 
170.9

          Total Sales
$
1,553.4

 
$
1,710.3