XML 71 R58.htm IDEA: XBRL DOCUMENT v3.21.2
STOCK-BASED COMPENSATION (Details 2)
9 Months Ended
Sep. 30, 2021
USD ($)
$ / shares
shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Performance Share Award, Total Shareholder Return Percent 50.00%
Performance Share Award Cycle 3
Performance Share Award, Net Income Percent 50.00%
Black-Sholes Option-Pricing Model  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Dividend yield 2.76%
Risk-free interest rate 0.94%
Expected volatility of Olin common stock 44.00%
Expected life (years) 7 years
Weighted-average grant fair value (per option) | $ / shares $ 9.91
Weighted-average exercise price | $ / shares $ 28.99
Options granted | shares 1,094,700
Monte Carlo Simulation Model  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Risk-free interest rate 0.23%
Expected volatility of Olin common stock 55.00%
Expected life (years) 3 years
Expected average volatility of peer companies 0.50
Average correlation coefficient of peer companies 0.50
Grant date fair value (TSR based award) | $ $ 39.96
Grant date fair value (net income based award) | $ $ 28.99
Awards granted | shares 248,700