5 unchanged sentences
Period Total Number of Shares (or Units) Purchased (1)
−Removed: Average Price Paid per Share (or Unit) Total Number of Shares (or Units) Purchased as Part of Publicly Announced Plans or Programs Maximum Dollar Value of Shares (or Units) that May Yet Be Purchased Under the Plans or Programs
+Added: Average Price Paid per Share (or Unit) (2)
+Added: Total Number of Shares (or Units) Purchased as Part of Publicly Announced Plans or Programs Maximum Dollar Value of Shares (or Units) that May Yet Be Purchased Under the Plans or Programs
October 1-31, 2023 1,254,572 $ 47.84 1,254,572
4 unchanged sentences
This program will terminate upon the purchase of $2.0 billion of common stock.
−Removed: On November 1, 2021, our Board of Directors authorized a share repurchase program for the purchase of shares of common stock at an aggregate price of up to $1.0 billion (the 2021 Repurchase Authorization).
−Removed: This program terminated upon the purchase of $1.0 billion of our common stock during the third quarter of 2022.
−Removed: On April 26, 2018, our Board of Directors authorized a share repurchase program for the purchase of shares of common stock at an aggregate price of up to $500.0 million (the 2018 Repurchase Authorization).
−Removed: This program terminated upon the purchase of $500.0 million of our common stock during the first quarter of 2022.
−Removed: Through December 31, 2022, 5,937,998 shares of common stock had been repurchased and retired at a total value of $298.5 million and $1,701.5 million of common stock remained available for purchase under the 2022 Repurchase Authorization.
+Added: Through December 31, 2023, 19,234,991 shares of common stock had been repurchased and retired at a total value of $1,003.0 million and $997.0 million of common stock remained available for purchase under the 2022 Repurchase Authorization program.
+Added: (2) Average price paid per share includes transaction costs including commissions and fees paid to acquire the shares and excludes costs associated with 1% excise tax on the fair market value of stock repurchases.
Performance Graph
−Removed: This graph compares the total shareholder return on our common stock with the cumulative total return of the Standard & Poor’s (S&P) 500 Index, S&P 500 Chemicals Index and S&P Composite 1500 Commodity Chemicals Index (S&P 1500 Commodity Chemicals Index).
+Added: This graph compares the total shareholder return on our common stock with the cumulative total return of the Standard & Poor’s (S&P) 500 Index, S&P 500 Chemicals Index and S&P Composite 1500 Commodity Chemicals Index.
COMPARISON OF FIVE-YEAR CUMULATIVE TOTAL RETURN
Among Olin Corporation, the S&P 500 Index,
−Removed: S&P 500 Chemicals Index and the S&P 1500 Commodity Chemicals Index
+Added: S&P 500 Chemicals Index and the S&P Composite 1500 Commodity Chemicals Index
2018 2019 2020 2021 2022 2023
2 unchanged sentences
S&P 500 Chemicals Index 100 122 144 181 161 179
−Removed: S&P 1500 Commodity Chemicals Index 100 74 84 90 105 99
−Removed: Copyright© 2022 Standard & Poor’s, a division of S&P Global.
−Removed: All rights reserved.
+Added: S&P Composite 1500 Commodity Chemicals Index 100 113 121 142 134 155
Data is for the five-year period from December 31, 2018, through December 31, 2023.
6 unchanged sentences
Cost of goods sold 5,667 7,194 6,616 5,375 5,439
−Removed: Selling and administration 394 417 422 417 431
+Added: Selling and administrative 407 394 417 422 417
Restructuring charges 90 25 28 9 76
−Removed: Acquisition-related costs — — — — 1
Goodwill impairment — — — 700 —
Other operating income 43 16 1 1 —
−Removed: Losses of non-consolidated affiliates — — — — (20)
Interest expense 181 144 348 293 243
4 unchanged sentences
Net income (loss) 452 1,327 1,297 (970) (11)
+Added: Net loss attributable to noncontrolling interests (8) — — — —
+Added: Net income (loss) attributable to Olin Corporation $ 460 $ 1,327 $ 1,297 $ (970) $ (11)
Financial Position
10 unchanged sentences
Per Share Data
−Removed: Net income (loss):
+Added: Net income (loss) attributable to Olin Corporation:
Basic $ 3.66 $ 9.16 $ 8.15 $ (6.14) $ (0.07)
12 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.