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Condensed Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Income Statement [Abstract]        
Sales $ 1,702.7 $ 2,616.1 $ 3,547.0 $ 5,077.5
Operating expenses:        
Cost of goods sold 1,392.6 1,951.4 2,834.3 3,758.9
Selling and administration 101.2 99.0 213.0 203.3
Restructuring charges 19.2 3.6 80.1 6.7
Other operating income 27.0 3.3 27.5 3.3
Operating income 216.7 565.4 447.1 1,111.9
Interest expense 45.3 34.5 87.7 67.4
Interest income 1.1 0.3 2.2 0.7
Non-operating pension income 5.4 9.5 11.1 19.1
Income before taxes 177.9 540.7 372.7 1,064.3
Income tax provision 33.2 118.6 74.0 249.2
Net income 144.7 422.1 298.7 815.1
Net loss attributable to noncontrolling interests (2.2) 0.0 (4.5) 0.0
Net income attributable to Olin Corporation $ 146.9 $ 422.1 $ 303.2 $ 815.1
Net income attributable to Olin Corporation per common share:        
Basic $ 1.15 $ 2.83 $ 2.35 $ 5.37
Diluted $ 1.13 $ 2.76 $ 2.29 $ 5.24
Average common shares outstanding:        
Basic 127.4 149.2 129.2 151.9
Diluted 130.4 152.8 132.4 155.6