Olin (OLN)

Other Assets

Other assets at December 31, 2006 and 2005 included intangible assets of $10.7 and $10.8 and miscellaneous long-term assets of $26.5 and $21.1, respectively. Intangible assets at December 31, 2006 and 2005 included a trademark of $9.6, which is not subject to amortization, and other intangibles of $1.1 and $1.2, respectively, which are amortized over their respective useful lives (primarily 5 years) on a straight-line basis. Amortization expense was $0.5 in 2006, $0.8 in 2005 and $1.1 in 2004. Intangible assets are reviewed annually in the fourth quarter and/or when circumstances or other events indicate that impairment may have occurred. Miscellaneous long-term assets include investments in non-consolidated affiliates.

Other Assets

Other assets at December 31, 2005 and 2004 included intangible assets of $10.8 and $11.2 and miscellaneous long-term assets of $21.1 and $12.6, respectively. Intangible assets at December 31, 2005 and 2004 included a trademark of $9.6, which is not subject to amortization, and other intangibles of $1.2 and $1.6, respectively, which are amortized over their respective useful lives (primarily 5 years) on a straight-line basis. Amortization expense was $0.8 in 2005, $1.1 in 2004 and $1.5 in 2003. Intangible assets are reviewed for impairment in accordance with SFAS No. 142. Miscellaneous long-term assets also includes investments in non-consolidated affiliates.

50

Other Assets

Other assets at December 31, 2004 and 2003 included intangible assets of $11 and $12 and miscellaneous long-term assets of $13 and $12, respectively. Intangible assets at December 31, 2004 and 2003 included a trademark of $10, which is not subject to amortization, and other intangibles of $1 and $2, respectively, which are amortized over their respective useful lives (primarily 5 years) on a straight-line basis. Amortization expense was $1 in 2004, $1 in 2003 and $2 in 2002. The trademark is reviewed for impairment in accordance with SFAS No. 142. Miscellaneous long-term assets also includes investments in non-consolidated affiliates.