XML 14 R2.htm IDEA: XBRL DOCUMENT v3.22.1
Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Income Statement [Abstract]    
Sales $ 1,293.8 $ 1,162.3
Cost of sales 1,000.1 859.9
Gross margin 293.7 302.4
Selling and administrative expense 165.1 182.0
Operating income 128.6 120.4
Interest expense, net (16.9) (19.3)
Other (expense) income, net (0.6) 1.5
Income before income taxes 111.1 102.6
Income tax expense (26.6) (22.9)
Net income 84.5 79.7
Net income attributable to noncontrolling interests (0.3) (0.4)
Net income attributable to Avient common shareholders $ 84.2 $ 79.3
Earnings per share attributable to Avient common shareholders - Basic (in USD per share) $ 0.92 $ 0.87
Earnings per share attributable to Avient common shareholders - Diluted $ 0.91 $ 0.86
Weighted-average shares used to compute earnings per common share:    
Basic (in shares) 91.5 91.3
Dilutive impact of share-based compensation (in shares) 0.8 0.9
Diluted (in shares) 92.3 92.2
Anti-dilutive shares not included in diluted common shares outstanding (in shares) 0.2 0.1
Cash dividends declared per share of common stock (in USD per share) $ 0.2375 $ 0.2125