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Condensed Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Income Statement [Abstract]    
Sales $ 1,844.3 $ 2,461.4
Operating expenses:    
Cost of goods sold 1,441.7 1,807.5
Selling and administration 111.8 104.3
Restructuring charges 60.9 3.1
Other operating income 0.5 0.0
Operating income 230.4 546.5
Interest expense 42.4 32.9
Interest income 1.1 0.4
Non-operating pension income (5.7) (9.6)
Income before taxes 194.8 523.6
Income tax provision 40.8 130.6
Net income 154.0 393.0
Net loss attributable to noncontrolling interests (2.3) 0.0
Net income attributable to Olin Corporation $ 156.3 $ 393.0
Net income attributable to Olin Corporation per common share:    
Basic $ 1.19 $ 2.54
Diluted $ 1.16 $ 2.48
Average common shares outstanding:    
Basic 131.0 154.7
Diluted 134.4 158.6