v3.26.1
SEGMENT INFORMATION (Tables)
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Segment Information
Three Months Ended June 30, 2026
Chlor Alkali Products and VinylsEpoxyWinchesterCorporate & OtherTotals
Segment Detail($ in millions)
Sales$819.5 $422.1 $500.3 $— $1,741.9 
Cost of goods sold726.5 391.3 447.2 6.7 1,571.7 
Gross margin93.0 30.8 53.1 (6.7)170.2 
Other segment items(39.6)(14.8)(25.0)(24.3)(103.7)
Restructuring charges— — — (10.5)(10.5)
Acquisition-related costs— — — (10.6)(10.6)
Other operating income— — — 0.1 0.1 
Interest expense, net— — — (44.3)(44.3)
Non-operating pension income— — — 2.6 2.6 
Income (loss) before taxes$53.4 $16.0 $28.1 $(93.7)$3.8 
Other Items
Depreciation and amortization expense$98.1 $11.7 $8.8 $3.5 $122.1 
Capital spending19.2 2.1 6.7 1.0 29.0 
Assets5,118.1 934.1 833.1 555.3 7,440.6 
Segment Sales by Geography
United States$558.4 $196.8 $455.8 $— $1,211.0 
Europe35.1 102.3 29.6 — 167.0 
Other foreign226.0 123.0 14.9 — 363.9 
Total sales$819.5 $422.1 $500.3 $— $1,741.9 
Six Months Ended June 30, 2026
Chlor Alkali Products and VinylsEpoxyWinchesterCorp/OtherTotals
Segment Detail($ in millions)
Sales$1,576.4 $777.7 $970.8 $— $3,324.9 
Cost of goods sold1,453.6 734.4 877.7 13.2 3,078.9 
Gross margin122.8 43.3 93.1 (13.2)246.0 
Other segment items(113.9)(30.2)(49.8)(56.2)(250.1)
Restructuring charges— — — (19.6)(19.6)
Acquisition-related costs— — — (10.6)(10.6)
Other operating income— — — 0.1 0.1 
Interest expense, net— — — (86.4)(86.4)
Non-operating pension income— — — 6.1 6.1 
Income (loss) before taxes$8.9 $13.1 $43.3 $(179.8)$(114.5)
Other Items
Depreciation and amortization expense$191.3 $23.6 $17.7 $6.7 $239.3 
Capital spending49.2 6.6 14.5 2.4 72.7 
Assets5,118.1 934.1 833.1 555.3 7,440.6 
Segment Sales by Geography
United States$1,109.2 $348.4 $899.4 $— $2,357.0 
Europe59.7 202.7 41.5 — 303.9 
Other foreign407.5 226.6 29.9 — 664.0 
Total sales$1,576.4 $777.7 $970.8 $— $3,324.9 
Three Months Ended June 30, 2025
Chlor Alkali Products and VinylsEpoxyWinchesterCorporate & OtherTotals
Segment Detail($ 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, net— — — (45.6)(45.6)
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 $— $1,758.3 
Disaggregation of Revenue
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Segment Sales by Product Line($ in millions)
Chlor Alkali Products and Vinyls
Caustic soda$348.8 $435.1 $677.3 $821.9 
Chlorine, chlorine-derivatives and other products470.7 544.4 899.1 1,082.1 
Total Chlor Alkali Products and Vinyls819.5 979.5 1,576.4 1,904.0 
Epoxy
Aromatics and allylics172.3 130.8 316.8 271.8 
Epoxy resins and formulated solutions249.8 200.4 460.9 391.1 
Total Epoxy422.1 331.2 777.7 662.9 
Winchester
Commercial192.4 169.7 361.2 325.6 
Military and law enforcement(1)
307.9 277.9 609.6 510.0 
Total Winchester500.3 447.6 970.8 835.6 
Total sales$1,741.9 $1,758.3 $3,324.9 $3,402.5 
(1)    For the three months ended June 30, 2026 and 2025, revenue recognized over time represented $112.2 million and $94.4 million, respectively, and for the six months ended June 30, 2026 and 2025, revenue recognized over time represented $233.0 million and $152.9 million, respectively, associated with governmental contracts within our Winchester business.