SEGMENT INFORMATION

6 Months Ended

Jun. 30, 2022

Segment Reporting [Abstract]

SEGMENT INFORMATION

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 are attributed to geographic areas based on customer location.

	Three Months Ended June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
Sales:	($ in millions)
Chlor Alkali Products and Vinyls	$	1,403.5	$	967.3	$	2,648.7	$	1,834.3
Epoxy	772.7		850.0		1,562.2		1,512.6
Winchester	439.9		404.0		866.6		793.2
Total sales	$	2,616.1	$	2,221.3	$	5,077.5	$	4,140.1
Income before taxes:
Chlor Alkali Products and Vinyls	$	346.5	$	168.9	$	675.1	$	440.0
Epoxy	139.9		165.3		277.9		230.5
Winchester	119.3		109.9		238.2		195.0
Corporate/other:
Environmental expense	(5.0)		(4.7)		(10.6)		(5.0)
Other corporate and unallocated costs	(35.0)		(30.9)		(65.3)		(63.9)
Restructuring charges	(3.6)		(14.0)		(6.7)		(20.9)
Other operating income	3.3		0.5		3.3		0.5
Interest expense	(34.5)		(65.9)		(67.4)		(150.4)
Interest income	0.3		—		0.7		0.1
Non-operating pension income	9.5		8.2		19.1		17.5
Income before taxes	$	540.7	$	337.3	$	1,064.3	$	643.4

	Three Months Ended June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
Sales by geography:	($ in millions)
Chlor Alkali Products and Vinyls
United States	$	946.4	$	713.6	$	1,765.8	$	1,290.6
Europe	82.4		39.4		152.8		68.9
Other foreign	374.7		214.3		730.1		474.8
Total Chlor Alkali Products and Vinyls	1,403.5		967.3		2,648.7		1,834.3
Epoxy
United States	252.8		253.6		495.7		411.9
Europe	354.5		403.8		713.4		723.8
Other foreign	165.4		192.6		353.1		376.9
Total Epoxy	772.7		850.0		1,562.2		1,512.6
Winchester
United States	401.2		373.6		803.1		738.6
Europe	16.8		6.3		19.5		10.1
Other foreign	21.9		24.1		44.0		44.5
Total Winchester	439.9		404.0		866.6		793.2
Total
United States	1,600.4		1,340.8		3,064.6		2,441.1
Europe	453.7		449.5		885.7		802.8
Other foreign	562.0		431.0		1,127.2		896.2
Total sales	$	2,616.1	$	2,221.3	$	5,077.5	$	4,140.1

	Three Months Ended June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
Sales by product line:	($ in millions)
Chlor Alkali Products and Vinyls
Caustic soda	$	635.1	$	400.8	$	1,154.0	$	747.8
Chlorine, chlorine-derivatives and other co-products	768.4		566.5		1,494.7		1,086.5
Total Chlor Alkali Products and Vinyls	1,403.5		967.3		2,648.7		1,834.3
Epoxy
Aromatics and allylics	384.1		366.5		776.1		678.5
Epoxy resins	388.6		483.5		786.1		834.1
Total Epoxy	772.7		850.0		1,562.2		1,512.6
Winchester
Commercial	320.6		281.5		634.8		542.5
Military and law enforcement	119.3		122.5		231.8		250.7
Total Winchester	439.9		404.0		866.6		793.2
Total sales	$	2,616.1	$	2,221.3	$	5,077.5	$	4,140.1