XML 18 R3.htm IDEA: XBRL DOCUMENT v3.22.4
Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Income Statement [Abstract]      
Sales $ 3,396.9 $ 3,315.5 $ 2,214.9
Cost of sales 2,514.2 2,371.7 1,554.9
Gross margin 882.7 943.8 660.0
Selling and administrative expense 639.4 664.1 548.4
Operating income 243.3 279.7 111.6
Interest expense, net (119.8) (75.2) (74.5)
Other (expense) income, net (59.7) (1.0) 24.0
Income from continuing operations before income taxes 63.8 203.5 61.1
Income tax benefit (expense) 19.3 (51.9) 11.7
Net income from continuing operations 83.1 151.6 72.8
Income from discontinued operations, net of income taxes 620.3 79.0 60.6
Net income 703.4 230.6 133.4
Net (income) loss attributable to noncontrolling interests (0.3) 0.2 (1.8)
Net income attributable to Avient common shareholders $ 703.1 $ 230.8 $ 131.6
Earnings per share attributable to Avient common shareholders - Basic:      
Continuing operations (in usd per share) $ 0.91 $ 1.66 $ 0.79
Discontinued operations (in usd per share) 6.80 0.87 0.67
Total (in usd per share) 7.71 2.53 1.46
Earnings per share attributable to Avient common shareholders - Diluted:      
Continuing operations (in usd per share) 0.90 1.65 0.78
Discontinued operations (in usd per share) 6.73 0.86 0.67
Total (in usd per share) $ 7.63 $ 2.51 $ 1.45
Weighted-average shares used to compute earnings per common share:      
Basic (in shares) 91.2 91.4 90.1
Plus dilutive impact of share-based compensation (in shares) 1.0 0.7 0.5
Diluted (in shares) 92.2 92.1 90.6
Anti-dilutive shares not included in diluted common shares outstanding (in shares) 0.3 0.0 0.8
Cash dividends declared per share of common stock (in dollars per share) $ 0.960 $ 0.875 $ 0.820