SEGMENT INFORMATION

3 Months Ended

Mar. 31, 2020

NOTE 12. 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. 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,
	2020			2019
Sales:	($ in millions)
Chlor Alkali Products and Vinyls	$	759.9		$	872.2
Epoxy	477.2			524.0
Winchester	188.0			157.2
Total sales	$	1,425.1		$	1,553.4
Income (loss) before taxes:
Chlor Alkali Products and Vinyls	$	(34.3	)	$	120.4
Epoxy	11.7			10.5
Winchester	10.5			9.1
Corporate/other:
Environmental expense	(2.6		)	(1.8		)
Other corporate and unallocated costs	(31.1		)	(39.1		)
Restructuring charges	(1.7		)	(4.0		)
Other operating income	—			0.1
Interest expense	(63.1		)	(57.4		)
Interest income	0.1			0.2
Non-operating pension income	4.6			3.9
Other income	—			11.2
Income (loss) before taxes	$	(105.9	)	$	53.1

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.



	Three Months Ended March 31,
	2020		2019
Sales by geography:	($ in millions)
Chlor Alkali Products and Vinyls
United States	$	533.9	$	604.0
Europe	30.2		38.6
Other foreign	195.8		229.6
Total Chlor Alkali Products and Vinyls	759.9		872.2
Epoxy
United States	158.8		164.1
Europe	194.4		235.4
Other foreign	124.0		124.5
Total Epoxy	477.2		524.0
Winchester
United States	174.1		141.3
Europe	2.5		2.8
Other foreign	11.4		13.1
Total Winchester	188.0		157.2
Total
United States	866.8		909.4
Europe	227.1		276.8
Other foreign	331.2		367.2
Total sales	$	1,425.1	$	1,553.4



	Three Months Ended March 31,
	2020		2019
Sales by product line:	($ in millions)
Chlor Alkali Products and Vinyls
Caustic soda	$	360.2	$	462.1
Chlorine, chlorine-derivatives and other co-products	399.7		410.1
Total Chlor Alkali Products and Vinyls	759.9		872.2
Epoxy
Aromatics and allylics	217.4		243.8
Epoxy resins	259.8		280.2
Total Epoxy	477.2		524.0
Winchester
Commercial	127.1		106.4
Military and law enforcement	60.9		50.8
Total Winchester	188.0		157.2
Total sales	$	1,425.1	$	1,553.4