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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 170.3 $ 194.0
Receivables, net 874.7 924.6
Income taxes receivable 15.3 43.2
Inventories, net 858.8 941.9
Other current assets 54.1 52.7
Total current assets 1,973.2 2,156.4
Property, plant and equipment, net 2,519.6 2,674.1
Operating lease assets, net 344.7 356.0
Deferred income taxes 87.4 60.5
Other assets 1,118.5 1,102.5
Intangible assets, net 245.8 273.8
Goodwill 1,424.0 1,420.9
Total assets 7,713.2 8,044.2
Current liabilities:    
Current installments of long-term debt 78.8 9.7
Accounts payable 775.4 837.7
Income taxes payable 154.7 133.4
Current operating lease liabilities 69.3 71.8
Accrued liabilities 450.0 508.8
Total current liabilities 1,528.2 1,561.4
Long-term debt 2,591.3 2,571.0
Operating lease liabilities 283.1 292.5
Accrued pension liability 225.8 234.5
Deferred income taxes 476.2 507.3
Other liabilities 340.3 333.9
Total liabilities 5,444.9 5,500.6
Commitments and contingencies
Shareholders’ equity:    
Common stock, $1.00 par value per share: Authorized, 240.0 shares; issued and outstanding 120.2 and 132.3 shares 120.2 132.3
Additional paid-in capital 24.8 682.7
Accumulated other comprehensive loss (496.3) (495.9)
Retained earnings 2,583.7 2,224.5
Olin Corporation’s shareholders’ equity 2,232.4 2,543.6
Noncontrolling interests 35.9 0.0
Total equity 2,268.3 2,543.6
Total liabilities and equity $ 7,713.2 $ 8,044.2