XML 12 R2.htm IDEA: XBRL DOCUMENT v3.23.3
Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Income Statement [Abstract]        
Sales $ 753.7 $ 823.3 $ 2,423.8 $ 2,606.5
Cost of sales 558.4 627.9 1,740.2 1,895.8
Gross margin 195.3 195.4 683.6 710.7
Selling and administrative expense 161.0 154.8 529.9 467.8
Operating income 34.3 40.6 153.7 242.9
Interest expense, net (30.3) (37.3) (88.5) (70.4)
Other income (expense), net 1.0 (32.3) 1.5 (31.3)
Income (loss) from continuing operations before income taxes 5.0 (29.0) 66.7 141.2
Income tax benefit (expense) 0.1 1.2 (18.0) (41.5)
Net income (loss) from continuing operations 5.1 (27.8) 48.7 99.7
Income (loss) from discontinued operations, net of income taxes 0.0 17.1 (0.9) 58.8
Net income (loss) 5.1 (10.7) 47.8 158.5
Net loss (income) attributable to noncontrolling interests 0.0 0.4 (0.7) 0.1
Net income (loss) attributable to Avient common shareholders $ 5.1 $ (10.3) $ 47.1 $ 158.6
Earnings (loss) per share attributable to Avient common shareholders - Basic        
Continuing operations (in USD per share) $ 0.06 $ (0.30) $ 0.53 $ 1.09
Discontinued operations (in USD per share) 0 0.19 (0.01) 0.65
Total (in USD per share) 0.06 (0.11) 0.52 1.74
Earnings (loss) per share attributable to Avient common shareholders - Diluted        
Continuing operations (in USD per share) 0.06 (0.30) 0.52 1.08
Discontinued operations (in USD per share) 0 0.19 (0.01) 0.64
Total (in USD per share) $ 0.06 $ (0.11) $ 0.51 $ 1.72
Weighted-average shares used to compute earnings per common share:        
Basic (in shares) 91.1 90.9 91.1 91.3
Dilutive impact of share-based compensation (in shares) 0.8 0.0 0.7 0.7
Diluted (in shares) 91.9 90.9 91.8 92.0
Anti-dilutive shares not included in diluted common shares outstanding (in shares) 0.5 1.0 0.6 0.3
Cash dividends declared per share of common stock (in USD per share) $ 0.2475 $ 0.2375 $ 0.7425 $ 0.7125