epoxy segment income was higher than in the prior year primarily due to lower maintenance costs and unabsorbed fixed manufacturing costs associated with maintenance turnarounds and lower raw material costs , primarily benzene and propylene , substantially offset by lower product prices . epoxy segment income included depreciation and amortization expense of $ 100.1 million and $ 102.4 million in 2019 and 2018 , respectively . 26 winchester reported segment income of $ 40.1 million for 2019 compared to $ 38.4 million for 2018 . winchester segment income was higher than in the prior year primarily due to higher sales volumes and lower costs , primarily commodity and other material costs , partially offset by lower product prices . winchester segment income included depreciation and amortization expense of $ 20.1 million and $ 20.0 million in 2019 and 2018 , respectively . on january 1 , 2019 , we sold our 9.1 % limited partnership interest in bay gas for $ 20.0 million . the sale closed on february 7 , 2019 which resulted in a pretax gain of approximately $ 11.2 million for the year ended december 31 , 2019 . for the year ended december 31 , 2018 , chlor alkali products and vinyls recorded a $ 21.5 million non-cash impairment charge related to an adjustment to the value of our interest in bay gas . on july 16 , 2019 , olin issued $ 750.0 million aggregate principal amount of 5.625 % senior notes due august 1 , 2029 ( 2029 notes ) , which were registered under the securities act of 1933 , as amended . proceeds from the 2029 notes were used to redeem the remaining balance of the $ 1,375.0 million term loan facility of $ 493.0 million and $ 150.0 million of the receivables financing agreement . on july 16 , 2019 , olin also entered into a new five-year , $ 2,000.0 million senior credit facility ( 2019 senior credit facility ) , which replaces the existing $ 1,975.0 million senior credit facility . the 2019 senior credit facility will mature in july 2024. in december 2019 , olin amended the 2019 senior credit facility which amended the restrictive covenants of the agreement , including expanding the coverage and leverage ratios to be less restrictive over the next two and a half years . the 2019 senior credit facility includes a senior unsecured delayed-draw term loan facility in an aggregate principal amount of up to $ 1,200.0 million ( delayed draw term loan facility ) and an $ 800.0 million senior unsecured revolving credit facility ( 2019 senior revolving credit facility ) . the delayed draw term loan facility will be available on a delayed basis in up to three draws to be made on or prior to november 29 , 2020. we expect the proceeds from the delayed draw term loan facility will be used to redeem the 9.75 % senior notes due 2023 and the 10.00 % senior notes due 2025 on or about october 15 , 2020. on september 27 , 2019 , winchester was notified that it had been selected by the united states army to operate and manage the lake city plant in independence , mo . following a one-year transition period , winchester will assume full operational control of the lake city plant on october 1 , 2020. the contract has an initial term of seven years and may be extended by the united states army for up to three additional years . the contract is expected to increase winchester 's annual revenue by $ 450 million to $ 550 million . 27 consolidated results of operations replace_table_token_1_th 2019 compared to 2018 sales for 2019 were $ 6,110.0 million compared to $ 6,946.1 million in 2018 , a decrease of $ 836.1 million , or 12 % . chlor alkali products and vinyls sales decreased by $ 566.6 million primarily due to lower caustic soda pricing . epoxy sales decreased by $ 278.7 million primarily due to lower product prices and an unfavorable effect of foreign currency translation . winchester sales increased by $ 9.2 million primarily due to higher ammunition sales to commercial customers . gross margin decreased $ 453.2 million , or 40 % , from 2018 . chlor alkali products and vinyls gross margin decreased by $ 342.1 million , primarily due to lower caustic soda pricing , partially offset by lower raw material and operating costs . epoxy gross margin decreased $ 20.6 million primarily due to lower product prices , partially offset by lower raw material costs , primarily benzene and propylene , and lower maintenance and unabsorbed fixed manufacturing costs associated with maintenance turnarounds . winchester gross margin increased $ 1.2 million primarily due to lower costs , partially offset by lower product prices . gross margin in 2018 was positively impacted by insurance recoveries for environmental costs incurred and expensed in prior periods of $ 111.0 million . gross margin as a percentage of sales decreased to 11 % in 2019 from 16 % in 2018 . selling and administration expenses in 2019 decreased $ 13.7 million , or 3 % , from 2018 . the years ended december 31 , 2019 and 2018 included costs associated with the information technology project of $ 77.0 million and $ 36.5 million , respectively , an increase of $ 40.5 million . more than offsetting this increase were lower legal and legal-related settlement expenses of $ 19.3 million , primarily due to the legal fees associated with the environmental recovery actions in 2018 , lower consulting and contract services of $ 13.7 million , lower management incentive compensation expense of $ 10.2 million , which includes mark-to-market adjustments on stock-based compensation expense , and a favorable foreign currency impact of $ 8.5 million . selling and administration expenses as a percentage of sales were 7 % in 2019 and 6 % in 2018 . restructuring charges in 2019 included $ 58.9 story_separator_special_tag partially offsetting these benefits were higher raw material and freight costs ( $ 147.5 million ) , lower volumes , primarily caustic soda , and a less favorable product mix ( $ 71.1 million ) , increased depreciation and amortization expense ( $ 40.9 million ) and increased operating costs ( $ 25.6 million ) , primarily maintenance to improve reliability . chlor alkali products and vinyls 2018 segment income was also negatively impacted by a non-cash impairment charge associated with our investment in a non-consolidated affiliate ( $ 21.5 million ) . chlor alkali products and vinyls 2017 segment income was negatively impacted by incremental costs to continue operations and unabsorbed fixed manufacturing costs associated with hurricane harvey ( $ 27.0 million ) . chlor alkali products and vinyls segment income included depreciation and amortization expense of $ 473.1 million and $ 432.2 million in 2018 and 2017 , respectively . epoxy 2019 compared to 2018 epoxy sales were $ 2,024.4 million for 2019 compared to $ 2,303.1 million for 2018 , a decrease of $ 278.7 million , or 12 % . the sales decrease was primarily due to lower product prices ( $ 258.9 million ) and an unfavorable effect of foreign currency translation ( $ 62.5 million ) , partially offset by increased volumes ( $ 42.7 million ) . epoxy reported segment income of $ 53.9 million for 2019 compared to $ 52.8 million for 2018 , an increase of $ 1.1 million , or 2 % . the increase in segment income was primarily due to lower maintenance costs and unabsorbed fixed manufacturing costs associated with maintenance turnarounds ( $ 40.0 million ) , decreased operating costs ( $ 18.1 million ) and lower raw material costs ( $ 214.1 million ) , primarily benzene and propylene , partially offset by lower product prices ( $ 258.9 million ) and an unfavorable product mix ( $ 12.2 million ) . a significant percentage of our euro denominated sales are of products manufactured within europe . as a result , the impact of foreign currency translation on revenue is primarily offset by the impact of foreign currency translation on raw materials and manufacturing costs also denominated in euros . epoxy segment results included depreciation and amortization expense of $ 100.1 million and $ 102.4 million in 2019 and 2018 , respectively . 2018 compared to 2017 epoxy sales were $ 2,303.1 million for 2018 compared to $ 2,086.4 million for 2017 , an increase of $ 216.7 million , or 10 % . the sales increase was primarily due to higher product prices ( $ 322.4 million ) and a favorable effect of foreign currency translation ( $ 48.2 million ) , partially offset by lower volumes ( $ 153.9 million ) . epoxy 2018 sales volumes were negatively impacted by lost sales associated with planned maintenance turnarounds , while 2017 epoxy sales volumes were negatively impacted by hurricane harvey . epoxy reported segment income of $ 52.8 million for 2018 compared to a segment loss of $ 11.8 million for 2017 , an increase of $ 64.6 million . the increase in epoxy segment results was primarily due to higher product prices ( $ 322.4 million ) partially offset by higher raw material costs ( $ 190.8 million ) , primarily benzene and propylene . epoxy results were also negatively impacted by lower volumes and a less favorable product mix ( $ 42.2 million ) , higher maintenance costs and unabsorbed fixed manufacturing costs associated with turnarounds and outages ( $ 23.1 million ) , increased operating costs , including utilities ( $ 21.3 million ) and higher depreciation and amortization expense ( $ 8.1 million ) . additionally , epoxy 2017 segment results were negatively impacted by incremental costs to continue operations and unabsorbed fixed manufacturing costs associated with hurricane harvey ( $ 27.7 million ) . epoxy segment results included depreciation and amortization expense of $ 102.4 million and $ 94.3 million in 2018 and 2017 , respectively . winchester 2019 compared to 2018 winchester sales were $ 665.5 million for 2019 compared to $ 656.3 million for 2018 , an increase of $ 9.2 million , or 1 % . the sales increase was primarily due to higher ammunition sales to commercial customers ( $ 13.7 million ) , partially offset by decreased sales to military customers and law enforcement agencies ( $ 4.5 million ) . 33 winchester reported segment income of $ 40.1 million for 2019 compared to $ 38.4 million for 2018 , an increase of $ 1.7 million , or 4 % . the increase in segment income was primarily due to lower costs ( $ 8.7 million ) , primarily commodity and other material costs , partially offset by lower product prices ( $ 6.6 million ) and a less favorable product mix ( $ 0.4 million ) . winchester segment income included depreciation and amortization expense of $ 20.1 million and $ 20.0 million in 2019 and 2018 , respectively . 2018 compared to 2017 winchester sales were $ 656.3 million for 2018 compared to $ 681.2 million for 2017 , a decrease of $ 24.9 million , or 4 % . the sales decrease was primarily due to lower ammunition sales to commercial customers ( $ 43.4 million ) , partially offset by higher sales to military customers and law enforcement agencies ( $ 18.5 million ) . winchester reported segment income of $ 38.4 million for 2018 compared to $ 72.4 million for 2017 , a decrease of $ 34.0 million , or 47 % . the decrease in segment income was due to higher commodity and other material costs ( $ 19.6 million ) , lower commercial sales volumes and a less favorable product mix ( $ 9.4 million ) and lower product prices ( $ 8.0 million ) . these decreases were partially offset by lower operating costs ( $ 3.0

cash flow data replace_table_token_7_th 39 operating activities for 2019 , cash provided by operating activities decreased by $ 290.5 million from 2018 , primarily due to a decrease in operating results partially offset by a decrease in the investment in working capital from the prior year . for 2019 , working capital decreased $ 11.0 million compared to an increase of $ 71.6 million in 2018 . receivables decreased from december 31 , 2018 by $ 12.3 million primarily as a result of lower sales in the fourth quarter of 2019 compared to the fourth quarter of 2018 partially offset by a decrease in receivables sold under the accounts receivable factoring arrangement . in 2019 , inventories decreased by $ 13.0 million and accounts payable and accrued liabilities decreased by $ 11.0 million . the decreases in inventories and accounts payable were primarily due to lower raw material costs . for 2018 , cash provided by operating activities increased by $ 259.0 million from 2017 , primarily due to an increase in operating results , partially offset by an increase in working capital . for 2018 , working capital increased $ 71.6 million compared to a decrease of $ 9.8 million in 2017 . receivables increased from december 31 , 2017 by $ 46.3 million primarily as a result of higher sales in the fourth quarter of 2018 compared to the fourth quarter of 2017 and a decrease in receivables sold under the accounts receivable factoring arrangement . in 2018 , inventories increased by $ 35.5 million and accounts payable and accrued liabilities increased by $ 14.5 million . the increases in inventories and accounts payable were primarily due to higher raw material costs . the increase in accrued liabilities was primarily related to the information technology project . capital expenditures capital spending was $ 385.6 million and $ 385.2 million in 2019 and 2018 , respectively . capital spending was 78 % and 77 % of depreciation in 2019 and 2018 , respectively . in 2017 , we began a multi-year implementation of the information technology project .


 Write a concise suspicious activity report of the following text delimited by triple backquotes. Return your response as a formal report which covers the key points highlighting the location,dates,entity names and account holder information in chronological order of the text.
     ```cash flow data replace_table_token_7_th 39 operating activities for 2019 , cash provided by operating activities decreased by $ 290.5 million from 2018 , primarily due to a decrease in operating results partially offset by a decrease in the investment in working capital from the prior year . for 2019 , working capital decreased $ 11.0 million compared to an increase of $ 71.6 million in 2018 . receivables decreased from december 31 , 2018 by $ 12.3 million primarily as a result of lower sales in the fourth quarter of 2019 compared to the fourth quarter of 2018 partially offset by a decrease in receivables sold under the accounts receivable factoring arrangement . in 2019 , inventories decreased by $ 13.0 million and accounts payable and accrued liabilities decreased by $ 11.0 million . the decreases in inventories and accounts payable were primarily due to lower raw material costs . for 2018 , cash provided by operating activities increased by $ 259.0 million from 2017 , primarily due to an increase in operating results , partially offset by an increase in working capital . for 2018 , working capital increased $ 71.6 million compared to a decrease of $ 9.8 million in 2017 . receivables increased from december 31 , 2017 by $ 46.3 million primarily as a result of higher sales in the fourth quarter of 2018 compared to the fourth quarter of 2017 and a decrease in receivables sold under the accounts receivable factoring arrangement . in 2018 , inventories increased by $ 35.5 million and accounts payable and accrued liabilities increased by $ 14.5 million . the increases in inventories and accounts payable were primarily due to higher raw material costs . the increase in accrued liabilities was primarily related to the information technology project . capital expenditures capital spending was $ 385.6 million and $ 385.2 million in 2019 and 2018 , respectively . capital spending was 78 % and 77 % of depreciation in 2019 and 2018 , respectively . in 2017 , we began a multi-year implementation of the information technology project .
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 Suspicious Activity Report : epoxy segment income was higher than in the prior year primarily due to lower maintenance costs and unabsorbed fixed manufacturing costs associated with maintenance turnarounds and lower raw material costs , primarily benzene and propylene , substantially offset by lower product prices . epoxy segment income included depreciation and amortization expense of $ 100.1 million and $ 102.4 million in 2019 and 2018 , respectively . 26 winchester reported segment income of $ 40.1 million for 2019 compared to $ 38.4 million for 2018 . winchester segment income was higher than in the prior year primarily due to higher sales volumes and lower costs , primarily commodity and other material costs , partially offset by lower product prices . winchester segment income included depreciation and amortization expense of $ 20.1 million and $ 20.0 million in 2019 and 2018 , respectively . on january 1 , 2019 , we sold our 9.1 % limited partnership interest in bay gas for $ 20.0 million . the sale closed on february 7 , 2019 which resulted in a pretax gain of approximately $ 11.2 million for the year ended december 31 , 2019 . for the year ended december 31 , 2018 , chlor alkali products and vinyls recorded a $ 21.5 million non-cash impairment charge related to an adjustment to the value of our interest in bay gas . on july 16 , 2019 , olin issued $ 750.0 million aggregate principal amount of 5.625 % senior notes due august 1 , 2029 ( 2029 notes ) , which were registered under the securities act of 1933 , as amended . proceeds from the 2029 notes were used to redeem the remaining balance of the $ 1,375.0 million term loan facility of $ 493.0 million and $ 150.0 million of the receivables financing agreement . on july 16 , 2019 , olin also entered into a new five-year , $ 2,000.0 million senior credit facility ( 2019 senior credit facility ) , which replaces the existing $ 1,975.0 million senior credit facility . the 2019 senior credit facility will mature in july 2024. in december 2019 , olin amended the 2019 senior credit facility which amended the restrictive covenants of the agreement , including expanding the coverage and leverage ratios to be less restrictive over the next two and a half years . the 2019 senior credit facility includes a senior unsecured delayed-draw term loan facility in an aggregate principal amount of up to $ 1,200.0 million ( delayed draw term loan facility ) and an $ 800.0 million senior unsecured revolving credit facility ( 2019 senior revolving credit facility ) . the delayed draw term loan facility will be available on a delayed basis in up to three draws to be made on or prior to november 29 , 2020. we expect the proceeds from the delayed draw term loan facility will be used to redeem the 9.75 % senior notes due 2023 and the 10.00 % senior notes due 2025 on or about october 15 , 2020. on september 27 , 2019 , winchester was notified that it had been selected by the united states army to operate and manage the lake city plant in independence , mo . following a one-year transition period , winchester will assume full operational control of the lake city plant on october 1 , 2020. the contract has an initial term of seven years and may be extended by the united states army for up to three additional years . the contract is expected to increase winchester 's annual revenue by $ 450 million to $ 550 million . 27 consolidated results of operations replace_table_token_1_th 2019 compared to 2018 sales for 2019 were $ 6,110.0 million compared to $ 6,946.1 million in 2018 , a decrease of $ 836.1 million , or 12 % . chlor alkali products and vinyls sales decreased by $ 566.6 million primarily due to lower caustic soda pricing . epoxy sales decreased by $ 278.7 million primarily due to lower product prices and an unfavorable effect of foreign currency translation . winchester sales increased by $ 9.2 million primarily due to higher ammunition sales to commercial customers . gross margin decreased $ 453.2 million , or 40 % , from 2018 . chlor alkali products and vinyls gross margin decreased by $ 342.1 million , primarily due to lower caustic soda pricing , partially offset by lower raw material and operating costs . epoxy gross margin decreased $ 20.6 million primarily due to lower product prices , partially offset by lower raw material costs , primarily benzene and propylene , and lower maintenance and unabsorbed fixed manufacturing costs associated with maintenance turnarounds . winchester gross margin increased $ 1.2 million primarily due to lower costs , partially offset by lower product prices . gross margin in 2018 was positively impacted by insurance recoveries for environmental costs incurred and expensed in prior periods of $ 111.0 million . gross margin as a percentage of sales decreased to 11 % in 2019 from 16 % in 2018 . selling and administration expenses in 2019 decreased $ 13.7 million , or 3 % , from 2018 . the years ended december 31 , 2019 and 2018 included costs associated with the information technology project of $ 77.0 million and $ 36.5 million , respectively , an increase of $ 40.5 million . more than offsetting this increase were lower legal and legal-related settlement expenses of $ 19.3 million , primarily due to the legal fees associated with the environmental recovery actions in 2018 , lower consulting and contract services of $ 13.7 million , lower management incentive compensation expense of $ 10.2 million , which includes mark-to-market adjustments on stock-based compensation expense , and a favorable foreign currency impact of $ 8.5 million . selling and administration expenses as a percentage of sales were 7 % in 2019 and 6 % in 2018 . restructuring charges in 2019 included $ 58.9 story_separator_special_tag partially offsetting these benefits were higher raw material and freight costs ( $ 147.5 million ) , lower volumes , primarily caustic soda , and a less favorable product mix ( $ 71.1 million ) , increased depreciation and amortization expense ( $ 40.9 million ) and increased operating costs ( $ 25.6 million ) , primarily maintenance to improve reliability . chlor alkali products and vinyls 2018 segment income was also negatively impacted by a non-cash impairment charge associated with our investment in a non-consolidated affiliate ( $ 21.5 million ) . chlor alkali products and vinyls 2017 segment income was negatively impacted by incremental costs to continue operations and unabsorbed fixed manufacturing costs associated with hurricane harvey ( $ 27.0 million ) . chlor alkali products and vinyls segment income included depreciation and amortization expense of $ 473.1 million and $ 432.2 million in 2018 and 2017 , respectively . epoxy 2019 compared to 2018 epoxy sales were $ 2,024.4 million for 2019 compared to $ 2,303.1 million for 2018 , a decrease of $ 278.7 million , or 12 % . the sales decrease was primarily due to lower product prices ( $ 258.9 million ) and an unfavorable effect of foreign currency translation ( $ 62.5 million ) , partially offset by increased volumes ( $ 42.7 million ) . epoxy reported segment income of $ 53.9 million for 2019 compared to $ 52.8 million for 2018 , an increase of $ 1.1 million , or 2 % . the increase in segment income was primarily due to lower maintenance costs and unabsorbed fixed manufacturing costs associated with maintenance turnarounds ( $ 40.0 million ) , decreased operating costs ( $ 18.1 million ) and lower raw material costs ( $ 214.1 million ) , primarily benzene and propylene , partially offset by lower product prices ( $ 258.9 million ) and an unfavorable product mix ( $ 12.2 million ) . a significant percentage of our euro denominated sales are of products manufactured within europe . as a result , the impact of foreign currency translation on revenue is primarily offset by the impact of foreign currency translation on raw materials and manufacturing costs also denominated in euros . epoxy segment results included depreciation and amortization expense of $ 100.1 million and $ 102.4 million in 2019 and 2018 , respectively . 2018 compared to 2017 epoxy sales were $ 2,303.1 million for 2018 compared to $ 2,086.4 million for 2017 , an increase of $ 216.7 million , or 10 % . the sales increase was primarily due to higher product prices ( $ 322.4 million ) and a favorable effect of foreign currency translation ( $ 48.2 million ) , partially offset by lower volumes ( $ 153.9 million ) . epoxy 2018 sales volumes were negatively impacted by lost sales associated with planned maintenance turnarounds , while 2017 epoxy sales volumes were negatively impacted by hurricane harvey . epoxy reported segment income of $ 52.8 million for 2018 compared to a segment loss of $ 11.8 million for 2017 , an increase of $ 64.6 million . the increase in epoxy segment results was primarily due to higher product prices ( $ 322.4 million ) partially offset by higher raw material costs ( $ 190.8 million ) , primarily benzene and propylene . epoxy results were also negatively impacted by lower volumes and a less favorable product mix ( $ 42.2 million ) , higher maintenance costs and unabsorbed fixed manufacturing costs associated with turnarounds and outages ( $ 23.1 million ) , increased operating costs , including utilities ( $ 21.3 million ) and higher depreciation and amortization expense ( $ 8.1 million ) . additionally , epoxy 2017 segment results were negatively impacted by incremental costs to continue operations and unabsorbed fixed manufacturing costs associated with hurricane harvey ( $ 27.7 million ) . epoxy segment results included depreciation and amortization expense of $ 102.4 million and $ 94.3 million in 2018 and 2017 , respectively . winchester 2019 compared to 2018 winchester sales were $ 665.5 million for 2019 compared to $ 656.3 million for 2018 , an increase of $ 9.2 million , or 1 % . the sales increase was primarily due to higher ammunition sales to commercial customers ( $ 13.7 million ) , partially offset by decreased sales to military customers and law enforcement agencies ( $ 4.5 million ) . 33 winchester reported segment income of $ 40.1 million for 2019 compared to $ 38.4 million for 2018 , an increase of $ 1.7 million , or 4 % . the increase in segment income was primarily due to lower costs ( $ 8.7 million ) , primarily commodity and other material costs , partially offset by lower product prices ( $ 6.6 million ) and a less favorable product mix ( $ 0.4 million ) . winchester segment income included depreciation and amortization expense of $ 20.1 million and $ 20.0 million in 2019 and 2018 , respectively . 2018 compared to 2017 winchester sales were $ 656.3 million for 2018 compared to $ 681.2 million for 2017 , a decrease of $ 24.9 million , or 4 % . the sales decrease was primarily due to lower ammunition sales to commercial customers ( $ 43.4 million ) , partially offset by higher sales to military customers and law enforcement agencies ( $ 18.5 million ) . winchester reported segment income of $ 38.4 million for 2018 compared to $ 72.4 million for 2017 , a decrease of $ 34.0 million , or 47 % . the decrease in segment income was due to higher commodity and other material costs ( $ 19.6 million ) , lower commercial sales volumes and a less favorable product mix ( $ 9.4 million ) and lower product prices ( $ 8.0 million ) . these decreases were partially offset by lower operating costs ( $ 3.0

