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SEGMENT INFORMATION
 12 Months Ended
Dec. 31, 2019
Segment Reporting [Abstract]  
SEGMENT INFORMATION
NOTE 21. SEGMENT INFORMATION

We define segment results as income (loss) before interest expense, interest income, other operating income (expense), non-operating pension income, other income (expense) and income taxes, and includes the operating results of non-consolidated affiliates.  Consistent with the guidance in ASC 280 “Segment Reporting,” we have determined it is appropriate to include the operating results of non-consolidated affiliates in the relevant segment financial results. We have three operating segments: Chlor Alkali Products and Vinyls, Epoxy and Winchester. The three operating segments reflect the organization used by our management for purposes of allocating resources and assessing performance. Chlorine used in our Epoxy segment is transferred at cost from the Chlor Alkali Products and Vinyls segment. Sales and profits are recognized in the Chlor Alkali Products and Vinyls segment for all caustic soda generated and sold by Olin.

 
Years ended December 31,
 
2019
 
2018
 
2017
Sales:
($ in millions)
Chlor Alkali Products and Vinyls
$
3,420.1

 
$
3,986.7

 
$
3,500.8

Epoxy
2,024.4

 
2,303.1

 
2,086.4

Winchester
665.5

 
656.3

 
681.2

Total sales
$
6,110.0

 
$
6,946.1

 
$
6,268.4

Income (loss) before taxes:
 
 
 
 
 
Chlor Alkali Products and Vinyls
$
336.7

 
$
637.1

 
$
405.8

Epoxy
53.9

 
52.8

 
(11.8
)
Winchester
40.1

 
38.4

 
72.4

Corporate/Other:


 


 


Environmental (expense) income
(20.5
)
 
103.7

 
(8.5
)
Other corporate and unallocated costs
(156.3
)
 
(158.3
)
 
(112.4
)
Restructuring charges
(76.5
)
 
(21.9
)
 
(37.6
)
Acquisition-related costs
—

 
(1.0
)
 
(12.8
)
Other operating income
0.4

 
6.4

 
3.3

Interest expense
(243.2
)
 
(243.2
)
 
(217.4
)
Interest income
1.0

 
1.6

 
1.8

Non-operating pension income
16.3

 
21.7

 
34.4

Other income
11.2

 
—

 
—

Income (loss) before taxes
$
(36.9
)
 
$
437.3

 
$
117.2

Earnings (losses) of non-consolidated affiliates:
 
 
 
 
 
Chlor Alkali Products and Vinyls
$
—

 
$
(19.7
)
 
$
1.8

Depreciation and amortization expense:
 
 
 
 
 
Chlor Alkali Products and Vinyls
$
470.4

 
$
473.1

 
$
432.2

Epoxy
100.1

 
102.4

 
94.3

Winchester
20.1

 
20.0

 
19.5

Corporate/Other
6.8

 
5.9

 
12.9

Total depreciation and amortization expense
$
597.4

 
$
601.4

 
$
558.9

Capital spending:
 
 
 
 
 
Chlor Alkali Products and Vinyls
$
240.3

 
$
259.9

 
$
209.5

Epoxy
30.0

 
36.3

 
37.9

Winchester
12.1

 
14.7

 
22.5

Corporate/Other
103.2

 
74.3

 
24.4

Total capital spending
$
385.6

 
$
385.2

 
$
294.3


Segment assets include only those assets which are directly identifiable to an operating segment.  Assets of the corporate/other segment include primarily such items as cash and cash equivalents, deferred taxes and other assets.
 
December 31,
 
2019
 
2018
Assets:
($ in millions)
Chlor Alkali Products and Vinyls
$
6,898.7

 
$
6,837.2

Epoxy
1,469.1

 
1,521.9

Winchester
385.0

 
399.9

Corporate/Other
435.0

 
238.4

Total assets
$
9,187.8

 
$
8,997.4

 
 
 
 
Investments—affiliated companies (at equity):
 
 
 
Chlor Alkali Products and Vinyls
$
—

 
$
8.8



Long-lived assets are attributed to geographic areas based on asset location and sales are attributed to geographic areas based on customer location.
 
December 31,
 
2019
 
2018
Long-lived assets:
($ in millions)
United States
$
3,017.4

 
$
3,147.6

Foreign
306.4

 
334.5

Total long-lived assets
$
3,323.8

 
$
3,482.1



 
Years ended December 31,
 
2019
 
2018
 
2017
Sales by geography:
($ in millions)
     Chlor Alkali Products and Vinyls
 
 
 
 
 
United States
$
2,332.1

 
$
2,610.7

 
$
2,294.4

Europe
134.5

 
181.8

 
130.1

Other foreign
953.5

 
1,194.2

 
1,076.3

               Total Chlor Alkali Products and Vinyls
3,420.1

 
3,986.7

 
3,500.8

     Epoxy
 
 
 
 
 
United States
664.0

 
742.7

 
646.5

Europe
844.2

 
991.1

 
940.8

Other foreign
516.2

 
569.3

 
499.1

               Total Epoxy
2,024.4

 
2,303.1

 
2,086.4

     Winchester
 
 
 
 
 
United States
603.4

 
591.0

 
615.2

Europe
11.7

 
11.0

 
11.6

Other foreign
50.4

 
54.3

 
54.4

               Total Winchester
665.5

 
656.3

 
681.2

     Total
 
 
 
 
 
United States
3,599.5

 
3,944.4

 
3,556.1

Europe
990.4

 
1,183.9

 
1,082.5

Other foreign
1,520.1

 
1,817.8

 
1,629.8

               Total sales
$
6,110.0

 
$
6,946.1

 
$
6,268.4


 
Years ended December 31,
 
2019
 
2018
 
2017
Sales by product line:
($ in millions)
     Chlor Alkali Products and Vinyls
 
 
 
 
 
          Caustic soda
$
1,737.4

 
$
2,198.6

 
$
1,904.3

          Chlorine, chlorine derivatives and other co-products
1,682.7

 
1,788.1

 
1,596.5

               Total Chlor Alkali Products and Vinyls
3,420.1

 
3,986.7

 
3,500.8

     Epoxy
 
 
 
 
 
          Aromatics and allylics
945.3

 
1,145.7

 
1,051.1

          Epoxy resins
1,079.1

 
1,157.4

 
1,035.3

               Total Epoxy
2,024.4

 
2,303.1

 
2,086.4

     Winchester
 
 
 
 
 
          Commercial
441.3

 
427.6

 
471.0

          Military and law enforcement
224.2

 
228.7

 
210.2

               Total Winchester
665.5

 
656.3

 
681.2

          Total sales
$
6,110.0

 
$
6,946.1

 
$
6,268.4