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Condensed Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Income Statement [Abstract]        
Sales $ 1,671.4 $ 2,321.7 $ 5,218.4 $ 7,399.2
Operating expenses:        
Cost of goods sold 1,402.3 1,840.9 4,236.6 5,599.8
Selling and administration 90.9 92.7 303.9 296.0
Restructuring charges 11.9 7.6 92.0 14.3
Other operating (expense) income (0.3) 13.0 27.2 16.3
Operating income 166.0 393.5 613.1 1,505.4
Interest expense 46.2 36.0 133.9 103.4
Interest income 1.0 0.5 3.2 1.2
Non-operating pension income 5.9 9.9 17.0 29.0
Income before taxes 126.7 367.9 499.4 1,432.2
Income tax provision 22.2 52.7 96.2 301.9
Net income 104.5 315.2 403.2 1,130.3
Net income (loss) attributable to noncontrolling interests 0.4 0.0 (4.1) 0.0
Net income attributable to Olin Corporation $ 104.1 $ 315.2 $ 407.3 $ 1,130.3
Net income attributable to Olin Corporation per common share:        
Basic $ 0.84 $ 2.23 $ 3.19 $ 7.62
Diluted $ 0.82 $ 2.18 $ 3.12 $ 7.44
Average common shares outstanding:        
Basic 124.2 141.2 127.5 148.3
Diluted 127.0 144.3 130.6 151.9