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SEGMENT INFORMATION
9 Months Ended
Sep. 30, 2023
Segment Reporting [Abstract]  
SEGMENT INFORMATION
Note 10 — SEGMENT INFORMATION
Avient has two reportable segments: (1) Color, Additives and Inks and (2) Specialty Engineered Materials. 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; 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.
Segment information for the three and nine months ended September 30, 2023 and 2022 is as follows:
 Three Months Ended September 30, 2023Three Months Ended September 30, 2022
(In millions)SalesOperating
Income
SalesOperating
Income
Color, Additives and Inks$486.5 $64.5 $565.6 $68.6 
Specialty Engineered Materials267.9 30.3 258.2 31.4 
Corporate (0.7)(60.5)(0.5)(59.4)
Total$753.7 $34.3 $823.3 $40.6 
Nine Months Ended September 30, 2023Nine Months Ended September 30, 2022
(In millions)SalesOperating
Income
SalesOperating
Income
Color, Additives and Inks$1,548.0 $198.1 $1,864.2 $256.7 
Specialty Engineered Materials878.4 113.1 743.6 104.9 
Corporate(2.6)(157.5)(1.3)(118.7)
Total$2,423.8 $153.7 $2,606.5 $242.9 
 Total Assets
(In millions)As of September 30, 2023As of December 31, 2022
Color, Additives and Inks$2,644.1 $2,703.1 
Specialty Engineered Materials2,471.1 2,526.5 
Corporate674.5 855.4 
Total assets$5,789.7 $6,085.0