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Condensed Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
Mar. 31, 2023
Current assets:      
Cash and cash equivalents $ 150.9 $ 170.3 $ 176.0
Receivables, net 907.4 874.7 932.1
Income taxes receivable 15.4 15.3 29.7
Inventories, net 823.9 858.8 1,089.9
Other current assets 54.2 54.1 70.5
Total current assets 1,951.8 1,973.2 2,298.2
Property, plant and equipment (less accumulated depreciation of $4,917.5, $4,826.4 and $4,536.5) 2,451.5 2,519.6 2,606.7
Operating lease assets, net 334.9 344.7 346.8
Deferred income taxes 90.7 87.4 67.3
Other assets 1,123.5 1,118.5 1,104.7
Intangible assets, net 235.6 245.8 264.8
Goodwill 1,423.3 1,424.0 1,420.9
Total assets 7,611.3 7,713.2 8,109.4
Current liabilities:      
Current installments of long-term debt 80.9 78.8 9.6
Accounts payable 763.7 775.4 817.1
Income taxes payable 161.7 154.7 109.1
Current operating lease liabilities 68.2 69.3 72.1
Accrued liabilities 341.6 450.0 427.2
Total current liabilities 1,416.1 1,528.2 1,435.1
Long-term debt 2,684.8 2,591.3 2,764.6
Operating lease liabilities 274.1 283.1 282.8
Accrued pension liability 211.4 225.8 230.4
Deferred income taxes 470.0 476.2 505.0
Other liabilities 347.8 340.3 356.9
Total liabilities 5,404.2 5,444.9 5,574.8
Commitments and contingencies
Shareholders’ equity:      
Common stock, $1.00 par value per share:  authorized, 240.0 shares; issued and outstanding, 119.4, 120.2 and 129.3 shares 119.4 120.2 129.3
Additional paid-in capital 0.0 24.8 491.6
Accumulated Other Comprehensive Income (Loss), Net of Tax, Total (489.7) (496.3) (482.7)
Retained earnings 2,542.3 2,583.7 2,354.6
Olin Corporation’s shareholders’ equity 2,172.0 2,232.4 2,492.8
Stockholders' Equity Attributable to Noncontrolling Interest, Total 35.1 35.9 41.8
Total equity 2,207.1 2,268.3 2,534.6
Total liabilities and equity $ 7,611.3 $ 7,713.2 $ 8,109.4