OLIN Corp - 10-Q filing on 2018-08-01

FAIR VALUE MEASUREMENTS (Tables)

6 Months Ended

Jun. 30, 2018

Fair Value Disclosures [Abstract]

Table of financial instruments measured at fair value

The following table summarizes the assets and liabilities measured at fair value in the condensed balance sheets:



	Fair Value Measurements
Balance at June 30, 2018	Level 1				Level 2				Level 3				Total
Assets	($ in millions)
Interest rate swaps	$	—			$	11.2			$	—			$	11.2
Commodity contracts	—				4.3				—				4.3
Foreign exchange contracts	—				1.2				—				1.2
Liabilities
Interest rate swaps	$	—			$	44.1			$	—			$	44.1
Commodity contracts	—				0.9				—				0.9
Foreign exchange contracts	—				0.5				—				0.5
Balance at December 31, 2017
Assets
Interest rate swaps	$	—			$	10.5			$	—			$	10.5
Commodity contracts	—				11.3				—				11.3
Foreign exchange contracts	—				1.0				—				1.0
Liabilities
Interest rate swaps	$	—			$	28.1			$	—			$	28.1
Commodity contracts	—				3.8				—				3.8
Balance at June 30, 2017
Assets
Interest rate swaps	$	—			$	9.6			$	—			$	9.6
Commodity contracts	—				4.0				—				4.0
Foreign exchange contracts	—				1.2				—				1.2
Liabilities
Interest rate swaps	$	—			$	25.0			$	—			$	25.0
Commodity contracts	—				2.2				—				2.2

Fair value of debt table

The following table summarizes the fair value measurements of debt and the actual debt recorded on our condensed balance sheets:



	Fair Value Measurements																Amount recorded on balance sheets
	Level 1				Level 2				Level 3				Total				Amount recorded on balance sheets
	($ in millions)
Balance at June 30, 2018	$	—			$	3,521.6			$	153.0			$	3,674.6			$	3,513.5
Balance at December 31, 2017	—				3,758.0				153.0				3,911.0				3,612.0
Balance at June 30, 2017	—				3,777.8				153.0				3,930.8				3,600.6