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SEGMENT INFORMATION
6 Months Ended
Jun. 30, 2022
Segment Reporting [Abstract]  
SEGMENT INFORMATION
Note 9 — SEGMENT INFORMATION
Avient has three reportable segments: (1) Color, Additives and Inks; (2) Specialty Engineered Materials; and (3) Distribution. Operating income is the primary measure that is reported to our chief operating decision maker (CODM) for purposes of allocating resources to the segments and assessing their performance. Operating income at the segment level does not include: corporate general and administrative expenses that are not allocated to segments; intersegment sales and profit eliminations; charges related to specific strategic initiatives such as the consolidation of operations; restructuring activities, including employee separation costs resulting from personnel reduction programs, plant closure and phase-in costs; executive separation agreements; share-based compensation costs; asset impairments; environmental remediation costs, along with related gains from insurance recoveries, and other
liabilities for facilities no longer owned or closed in prior years; gains and losses on the divestiture of joint ventures and equity investments; actuarial gains and losses associated with our pension and other post-retirement benefit plans; and certain other items that are not included in the measure of segment profit or loss that is reported to and reviewed by our CODM. These costs are included in Corporate and eliminations.
Segment information for the three and six months ended June 30, 2022 and 2021 is as follows:
 Three Months Ended
June 30, 2022
Three Months Ended
June 30, 2021
(In millions)Sales to
External
Customers
Total SalesOperating
Income
Sales to
External
Customers
Total SalesOperating
Income
Color, Additives and Inks$646.8 $649.1 $93.6 $622.3 $624.4 $86.3 
Specialty Engineered Materials223.8 243.9 36.6 219.1 240.6 37.3 
Distribution431.8 443.2 27.1 392.1 404.4 23.7 
Corporate and eliminations— (33.8)(27.8)1.7 (34.2)(39.2)
Total$1,302.4 $1,302.4 $129.5 $1,235.2 $1,235.2 $108.1 
 Six Months Ended
June 30, 2022
Six Months Ended
June 30, 2021
(In millions)Sales to
External
Customers
Total SalesOperating
Income
Sales to
External
Customers
Total SalesOperating
Income
Color, Additives and Inks$1,294.8 $1,298.6 $188.1 $1,230.2 $1,233.7 $175.1 
Specialty Engineered Materials447.1 488.6 76.3 414.9 457.1 71.5 
Distribution854.3 876.1 51.3 747.0 767.1 47.7 
Corporate and eliminations— (67.1)(57.6)5.4 (60.4)(65.8)
Total$2,596.2 $2,596.2 $258.1 $2,397.5 $2,397.5 $228.5 

 Total Assets
(In millions)As of June 30, 2022As of December 31, 2021
Color, Additives and Inks$2,933.9 $2,965.2 
Specialty Engineered Materials783.3 771.0 
Distribution404.3 384.9 
Corporate and eliminations922.1 876.1 
Total assets$5,043.6 $4,997.2