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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 641.1 $ 601.2
Accounts receivable, net 440.6 439.9
Inventories, net 372.7 305.8
Current assets held for sale 0.0 360.2
Other current assets 115.3 119.9
Total current assets 1,569.7 1,827.0
Property, net 1,049.2 672.3
Goodwill 1,671.9 1,284.8
Intangible assets, net 1,597.6 925.2
Operating lease assets, net 60.4 58.2
Non-current assets held for sale 0.0 22.0
Other non-current assets 136.2 207.7
Total assets 6,085.0 4,997.2
Current liabilities:    
Short-term and current portion of long-term debt 2.2 8.6
Accounts payable 454.4 429.5
Current operating lease obligations 17.0 21.1
Total current liabilities held for sale 0.0 141.3
Accrued expenses and other current liabilities 395.8 340.1
Total current liabilities 869.4 940.6
Non-current liabilities:    
Long-term debt 2,176.7 1,850.3
Pension and other post-retirement benefits 67.2 99.9
Deferred income taxes 342.5 100.6
Non-current operating lease obligations 40.9 37.3
Non-current liabilities held for sale 0.0 13.1
Other non-current liabilities 235.5 164.9
Total non-current liabilities 2,862.8 2,266.1
SHAREHOLDERS' EQUITY    
Common Shares, $0.01 par, 400.0 shares authorized, 122.2 shares issued 1.2 1.2
Additional paid-in capital 1,520.5 1,511.8
Retained earnings 1,823.6 1,208.0
Common shares held in treasury, at cost, 31.3 shares in 2022 and 30.6 shares in 2021 (935.0) (900.7)
Accumulated other comprehensive loss (75.8) (45.6)
Avient shareholders’ equity 2,334.5 1,774.7
Noncontrolling interest 18.3 15.8
Total equity 2,352.8 1,790.5
Total liabilities and equity $ 6,085.0 $ 4,997.2