RESTRUCTURING CHARGES (Tables)

3 Months Ended

Mar. 31, 2024

Restructuring and Related Activities [Abstract]

Schedule of Restructuring Reserve by Type of Cost

The following table summarizes the 2024 and 2023 activities by major component of these restructuring actions and the remaining balances of accrued restructuring costs as of March 31, 2024 and 2023:

	Employee Severance and Related Benefit Costs		Lease and Other Contract Termination Costs		Facility Exit Costs		Write-off of Equipment and Facility		Total
	($ in millions)
Balance at January 1, 2023	$	9.4	$	4.2	$	—	$	—	$	13.6
Restructuring charges	—		39.7		8.4		12.8		60.9
Amounts utilized	(0.7)		(3.5)		(8.4)		(12.8)		(25.4)
Balance at March 31, 2023	$	8.7	$	40.4	$	—	$	—	$	49.1
Balance at January 1, 2024	$	10.8	$	16.7	$	—	$	—	$	27.5
Restructuring charges	—		—		8.3		—		8.3
Amounts utilized	(6.7)		(3.3)		(8.3)		—		(18.3)
Balance at March 31, 2024	$	4.1	$	13.4	$	—	$	—	$	17.5

Cumulative Restructuring Charges by Type and Plan

The following table summarizes the cumulative restructuring charges of these restructuring actions by major component through March 31, 2024:

	Chlor Alkali Products and Vinyls						Epoxy		Total
	McIntosh Plan		Freeport 2021 Plan		Freeport 2019 Plan		Epoxy Optimization Plan
	($ in millions)
Write-off of equipment and facility	$	2.7	$	—	$	58.9	$	18.3	$	79.9
Employee severance and related benefit costs	—		—		2.1		15.8		17.9
Facility exit costs	11.4		13.5		21.6		21.7		68.2
Lease and other contract termination costs	6.4		—		—		29.1		35.5
Total cumulative restructuring charges	$	20.5	$	13.5	$	82.6	$	84.9	$	201.5