v3.25.2
SEGMENT INFORMATION (Tables)
 6 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
Segment Information
Three Months Ended June 30, 2025
Chlor Alkali Products and VinylsEpoxyWinchesterCorp/OtherTotals
Segment Detail($ in millions)
Sales$979.5 $331.2 $447.6 $— $1,758.3 
Cost of goods sold871.8 340.0 402.6 5.8 1,620.2 
Gross margin107.7 (8.8)45.0 (5.8)138.1 
Other segment items(42.8)(14.9)(20.0)(18.9)(96.6)
Restructuring charges— — — (7.4)(7.4)
Other operating expense
— — — (0.2)(0.2)
Interest expense— — — (46.8)(46.8)
Interest income— — — 1.2 1.2 
Non-operating pension income— — — 4.9 4.9 
Income (loss) before taxes$64.9 $(23.7)$25.0 $(73.0)$(6.8)
Other Items
Depreciation and amortization expense$106.3 $13.1 $7.9 $2.6 $129.9 
Capital spending14.2 2.0 11.7 3.1 31.0 
Assets5,277.4 949.3 866.7 574.5 7,667.9 
Segment Sales by Geography
United States$664.2 $140.8 $396.9 $— $1,201.9 
Europe42.0 93.4 20.4 — 155.8 
Other foreign273.3 97.0 30.3 — 400.6 
Total sales$979.5 $331.2 $447.6 $— $1,758.3 
Six Months Ended June 30, 2025
Chlor Alkali Products and VinylsEpoxyWinchesterCorp/OtherTotals
Segment Detail($ in millions)
Sales$1,904.0 $662.9 $835.6 $— $3,402.5 
Cost of goods sold1,673.8 685.1 745.2 11.6 3,115.7 
Gross margin230.2 (22.2)90.4 (11.6)286.8 
Other segment items(87.0)(29.9)(42.6)(38.1)(197.6)
Restructuring charges— — — (11.4)(11.4)
Other operating expense
— — — (0.2)(0.2)
Interest expense— — — (95.3)(95.3)
Interest income— — — 2.4 2.4 
Non-operating pension income— — — 10.6 10.6 
Income (loss) before taxes$143.2 $(52.1)$47.8 $(143.6)$(4.7)
Other Items
Depreciation and amortization expense$213.5 $25.9 $17.4 $5.3 $262.1 
Capital spending51.8 12.8 22.8 5.0 92.4 
Assets5,277.4 949.3 866.7 574.5 7,667.9 
Segment Sales by Geography
United States$1,311.1 $284.9 $743.1 $— $2,339.1 
Europe75.2 195.2 33.0 — 303.4 
Other foreign517.7 182.8 59.5 — 760.0 
Total sales$1,904.0 $662.9 $835.6 $— $3,402.5 
Three Months Ended June 30, 2024
Chlor Alkali Products and VinylsEpoxyWinchesterCorp/OtherTotals
Segment Detail($ in millions)
Sales$920.3 $317.7 $406.0 $— $1,644.0 
Cost of goods sold778.5 307.6 312.8 7.3 1,406.2 
Gross margin141.8 10.1 93.2 (7.3)237.8 
Other segment items(42.5)(13.1)(22.9)(16.1)(94.6)
Restructuring charges— — — (6.8)(6.8)
Interest expense— — — (46.6)(46.6)
Interest income— — — 0.9 0.9 
Non-operating pension income— — — 5.9 5.9 
Income (loss) before taxes$99.3 $(3.0)$70.3 $(70.0)$96.6 
Other Items
Depreciation and amortization expense$105.9 $13.4 $8.2 $1.5 $129.0 
Capital spending46.8 5.5 7.0 0.1 59.4 
Assets5,428.1 992.4 765.1 475.0 7,660.6 
Segment Sales by Geography
United States$671.5 $166.8 $351.2 $— $1,189.5 
Europe45.0 74.9 34.6 — 154.5 
Other foreign203.8 76.0 20.2 — 300.0 
Total sales$920.3 $317.7 $406.0 $— $1,644.0 
Six Months Ended June 30, 2024
Chlor Alkali Products and VinylsEpoxyWinchesterCorp/OtherTotals
Segment Detail($ in millions)
Sales$1,804.9 $659.0 $815.4 $— $3,279.3 
Cost of goods sold1,544.5 646.7 629.1 13.9 2,834.2 
Gross margin260.4 12.3 186.3 (13.9)445.1 
Other segment items(84.5)(27.1)(43.8)(41.1)(196.5)
Restructuring charges— — — (15.1)(15.1)
Other operating income— — — 0.2 0.2 
Interest expense— — — (91.2)(91.2)
Interest income— — — 1.7 1.7 
Non-operating pension income— — — 12.7 12.7 
Income (loss) before taxes$175.9 $(14.8)$142.5 $(146.7)$156.9 
Other Items
Depreciation and amortization expense$212.6 $26.9 $16.2 $3.0 $258.7 
Capital spending74.9 10.4 15.1 0.4 100.8 
Assets5,428.1 992.4 765.1 475.0 7,660.6 
Segment Sales by Geography
United States$1,307.1 $338.1 $733.2 $— $2,378.4 
Europe80.8 164.2 47.5 — 292.5 
Other foreign417.0 156.7 34.7 — 608.4 
Total sales$1,804.9 $659.0 $815.4 $— $3,279.3 
Disaggregation of Revenue
 Three Months Ended June 30,Six Months Ended June 30,
 2025202420252024
Segment Sales by Product Line($ in millions)
Chlor Alkali Products and Vinyls
Caustic soda$435.1 $376.8 $821.9 $732.5 
Chlorine, chlorine-derivatives and other products544.4 543.5 1,082.1 1,072.4 
Total Chlor Alkali Products and Vinyls979.5 920.3 1,904.0 1,804.9 
Epoxy
Aromatics and allylics130.8 128.3 271.8 283.2 
Epoxy resins200.4 189.4 391.1 375.8 
Total Epoxy331.2 317.7 662.9 659.0 
Winchester
Commercial169.7 222.0 325.6 464.8 
Military and law enforcement(1)
277.9 184.0 510.0 350.6 
Total Winchester447.6 406.0 835.6 815.4 
Total sales$1,758.3 $1,644.0 $3,402.5 $3,279.3 
(1)    For the three months ended June 30, 2025 and 2024, revenue recognized over time represented $94.4 million and $37.8 million, respectively, and for the six months ended June 30, 2025 and 2024, revenue recognized over time represented $152.9 million and $57.6 million, respectively, associated with governmental contracts within our Winchester business.