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SEGMENT INFORMATION (Tables)

12 Months Ended

Dec. 31, 2024

Segment Reporting [Abstract]

Schedule of Financial Information by Reportable Segment

Financial information by reportable segment is as follows:

(In millions) Year Ended December 31, 2024															Color, Additives and Inks						Specialty Engineered Materials						Corporate						Consolidated Total
Sales															$	2,046.5					$	1,196.8					$	(2.9)					$	3,240.4
Cost of sales															1,365.4						821.9						(3.6)						2,183.7
Selling and administrative expense															384.9						207.7						134.8						727.4
Operating income															296.2						167.2						(134.1)						329.3
Interest expense, net																																	(105.6)
Other income																																	1.1
Income from continuing operations before income taxes																																	$	224.8
Other disclosures:
Depreciation and amortization															$	87.5					$	82.1					$	10.1					$	179.7
Capital expenditures															33.6						48.7						39.6						121.9
Total assets															2,574.2						2,452.3						784.6						5,811.1

Year Ended December 31, 2023															Color, Additives and Inks						Specialty Engineered Materials						Corporate						Consolidated Total
Sales															$	2,007.4					$	1,138.2					$	(2.8)					$	3,142.8
Cost of sales															1,376.2						796.4						77.7						2,250.3
Selling and administrative expense															371.3						199.3						125.1						695.7
Operating income															259.9						142.5						(205.6)						196.8
Interest expense, net																																	(115.3)
Other income																																	5.8
Income from continuing operations before income taxes																																	$	87.3
Other disclosures:
Depreciation and amortization															$	98.3					$	81.5					$	9.0					$	188.8
Capital expenditures															21.4						50.1						47.9						119.4
Total assets															2,657.2						2,532.6						778.7						5,968.5

Year Ended December 31, 2022															Color, Additives and Inks						Specialty Engineered Materials						Corporate						Consolidated Total
Sales															$	2,355.0					$	1,044.4					$	(2.5)					$	3,396.9
Cost of sales															1,673.7						760.7						79.8						2,514.2
Selling and administrative expense															380.3						143.6						115.5						639.4
Operating income															301.0						140.1						(197.8)						243.3
Interest expense, net																																	(119.8)
Other expense																																	(59.7)
Income from continuing operations before income taxes																																	$	63.8
Other disclosures:
Depreciation and amortization															$	101.3					$	48.7					$	12.5					$	162.5
Capital expenditures															41.3						37.4						26.4						105.1

Schedule of Revenue and Long-Lived Assets

Our sales are primarily to customers in the United States, Canada, Mexico, Europe, South America and Asia, and the majority of our assets are located in these same geographic areas. The following is a summary of sales and property based on the geographic areas where the sales originated and where the assets are located, in addition to other relevant financial information by reportable segment:

(In millions)						2024						2023						2022
Sales:
United States and Canada						$	1,336.3					$	1,271.2					$	1,372.9
Latin America						180.1						167.5						180.1
EMEA						1,154.2						1,151.9						1,213.1
Asia						569.8						552.2						630.8
Total Sales						$	3,240.4					$	3,142.8					$	3,396.9
Property, net:
United States and Canada						$	449.8					$	506.4
Latin America						25.4						29.4
EMEA						306.5						311.5
Asia						173.6						181.6
Total Property, net						$	955.3					$	1,028.9

X

- Definition

Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries.

+ References

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-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(1))
-Publisher FASB
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Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

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