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Consolidated Statements of Shareholders' Equity (Unaudited) - USD ($)
shares in Thousands, $ in Millions
Total
Total Avient shareholders' equity
Common Shares
Common Shares Held in Treasury
Additional Paid-in Capital
Retained Earnings
Accumulated Other Comprehensive (Loss) Income
Non-controlling Interests
Beginning balance (in shares) at Dec. 31, 2020     122,200          
Beginning balance, Treasury shares (in shares) at Dec. 31, 2020       30,800        
Beginning balance at Dec. 31, 2020 $ 1,711.7 $ 1,697.1 $ 1.2 $ (901.2) $ 1,513.3 $ 1,057.4 $ 26.4 $ 14.6
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income 79.7 79.3       79.3   0.4
Other comprehensive (loss) income (50.2) (50.2)         (50.2)  
Cash dividends declared [1] (19.5) (19.5)       (19.5)    
Repurchase of common shares (in shares)       (100)        
Repurchase of common shares (4.2) (4.2)   $ (4.2)        
Share-based compensation and exercise of awards (in shares)       100        
Share-based compensation and exercise of awards 4.5 4.5   $ 1.6 2.9      
Ending balance (in shares) at Mar. 31, 2021     122,200          
Ending balance, Treasury shares (in shares) at Mar. 31, 2021       30,800        
Ending balance at Mar. 31, 2021 1,722.0 1,707.0 $ 1.2 $ (903.8) 1,516.2 1,117.2 (23.8) 15.0
Beginning balance (in shares) at Dec. 31, 2020     122,200          
Beginning balance, Treasury shares (in shares) at Dec. 31, 2020       30,800        
Beginning balance at Dec. 31, 2020 1,711.7 1,697.1 $ 1.2 $ (901.2) 1,513.3 1,057.4 26.4 14.6
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income 149.1              
Ending balance (in shares) at Jun. 30, 2021     122,200          
Ending balance, Treasury shares (in shares) at Jun. 30, 2021       30,800        
Ending balance at Jun. 30, 2021 1,786.4 1,768.2 $ 1.2 $ (903.2) 1,517.2 1,166.6 (13.6) 18.2
Beginning balance (in shares) at Mar. 31, 2021     122,200          
Beginning balance, Treasury shares (in shares) at Mar. 31, 2021       30,800        
Beginning balance at Mar. 31, 2021 1,722.0 1,707.0 $ 1.2 $ (903.8) 1,516.2 1,117.2 (23.8) 15.0
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income 69.4 68.8       68.8   0.6
Other comprehensive (loss) income 10.2 10.2         10.2  
Cash dividends declared [1] (19.4) (19.4)       (19.4)    
Share-based compensation and exercise of awards (in shares)       0        
Share-based compensation and exercise of awards 1.6 1.6   $ 0.6 1.0      
Ending balance (in shares) at Jun. 30, 2021     122,200          
Ending balance, Treasury shares (in shares) at Jun. 30, 2021       30,800        
Ending balance at Jun. 30, 2021 1,786.4 1,768.2 $ 1.2 $ (903.2) 1,517.2 1,166.6 (13.6) 18.2
Beginning balance (in shares) at Dec. 31, 2021     122,200          
Beginning balance, Treasury shares (in shares) at Dec. 31, 2021       (30,600)        
Beginning balance at Dec. 31, 2021 1,790.5 1,774.7 $ 1.2 $ (900.7) 1,511.8 1,208.0 (45.6) 15.8
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income 84.5 84.2       84.2   0.3
Other comprehensive (loss) income (7.9) (7.9)         (7.9)  
Cash dividends declared [2] (21.7) (21.7)       (21.7)    
Repurchase of common shares (in shares)       (300)        
Repurchase of common shares (15.8) (15.8)   $ (15.8)        
Share-based compensation and exercise of awards (in shares)       100        
Share-based compensation and exercise of awards (0.3) (0.3)   $ 1.9 (2.2)      
Ending balance (in shares) at Mar. 31, 2022     122,200          
Ending balance, Treasury shares (in shares) at Mar. 31, 2022       (30,800)        
Ending balance at Mar. 31, 2022 1,829.3 1,813.2 $ 1.2 $ (914.6) 1,509.6 1,270.5 (53.5) 16.1
Beginning balance (in shares) at Dec. 31, 2021     122,200          
Beginning balance, Treasury shares (in shares) at Dec. 31, 2021       (30,600)        
Beginning balance at Dec. 31, 2021 1,790.5 1,774.7 $ 1.2 $ (900.7) 1,511.8 1,208.0 (45.6) 15.8
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income 169.2              
Ending balance (in shares) at Jun. 30, 2022     122,200          
Ending balance, Treasury shares (in shares) at Jun. 30, 2022       (31,300)        
Ending balance at Jun. 30, 2022 1,825.8 1,809.7 $ 1.2 $ (935.2) 1,513.0 1,333.5 (102.8) 16.1
Beginning balance (in shares) at Mar. 31, 2022     122,200          
Beginning balance, Treasury shares (in shares) at Mar. 31, 2022       (30,800)        
Beginning balance at Mar. 31, 2022 1,829.3 1,813.2 $ 1.2 $ (914.6) 1,509.6 1,270.5 (53.5) 16.1
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income 84.7 84.7       84.7  
Other comprehensive (loss) income (49.3) (49.3)         (49.3)  
Cash dividends declared [2] (21.7) (21.7)       (21.7)    
Repurchase of common shares (in shares)       (500)        
Repurchase of common shares (20.6) (20.6)   $ (20.6)        
Share-based compensation and exercise of awards 3.4 3.4   $ 0.0 3.4      
Ending balance (in shares) at Jun. 30, 2022     122,200          
Ending balance, Treasury shares (in shares) at Jun. 30, 2022       (31,300)        
Ending balance at Jun. 30, 2022 $ 1,825.8 $ 1,809.7 $ 1.2 $ (935.2) $ 1,513.0 $ 1,333.5 $ (102.8) $ 16.1
[1] (1) Dividends declared per share were $0.2125 and $0.4250 for the three and six months ended June 30, 2021, respectively.
[2] (1) Dividends declared per share were $0.2375 and $0.4750 for the three and six months ended June 30, 2022, respectively.