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Selected Quarterly Financial Data (Tables)
 12 Months Ended
Dec. 31, 2015
Selected Quarterly Financial Information [Abstract]  
Schedule Of Quarterly Financial Data
 
 
2015 Quarters
 
2014 Quarters
(In millions, except per share data)
 
Fourth (2)
 
Third (3)
 
Second (4)
 
First (5)
 
Fourth(6)
 
Third (7)
 
Second (8)
 
First (9)
Sales
 
$
775.8

 
$
841.6

 
$
887.1

 
$
873.1

 
$
869.3

 
$
958.4

 
$
1,005.5

 
$
1,002.3

Gross Margin
 
156.9

 
169.1

 
185.7

 
169.8

 
152.6

 
182.6

 
184.5

 
188.2

Operating income (loss)
 
31.3

 
69.2

 
80.3

 
70.1

 
(14.3
)
 
63.6

 
49.4

 
56.4

Net income (loss) from continuing operations
 
3.0

 
44.5

 
67.0

 
30.2

 
(15.0
)
 
32.3

 
30.7

 
29.2

Net income (loss) from continuing operations attributable to PolyOne shareholders
 
$
3.1

 
$
44.5

 
$
66.8

 
$
30.2

 
$
(14.6
)
 
$
32.3

 
$
30.9

 
$
29.4

 
 
 
 
 
 
 
 
 
 

 

 

 

Net income from continuing operations per common share attributable to PolyOne common shareholders: (1)
 
 
 

Basic earnings (loss) per share
 
$
0.04

 
$
0.51

 
$
0.75

 
$
0.34

 
$
(0.16
)
 
$
0.35

 
$
0.33

 
$
0.31

Diluted earnings (loss) per share
 
$
0.04

 
$
0.50

 
$
0.74

 
$
0.34

 
$
(0.16
)
 
$
0.35

 
$
0.33

 
$
0.31

 
(1)
Per share amounts for the quarter and the full year have been computed separately. The sum of the quarterly amounts may not equal the annual amounts presented because of differences in the average shares outstanding during each period.
(2)
Included for the fourth quarter 2015 are: 1) a mark-to-market pension and other post-retirement charge of $11.6 million, 2) employee separation and restructuring costs of $10.1 million and 3) $16.4 million of debt extinguishment costs primarily due to the repayment in full of $316.6 million aggregate principal amount of our 7.375% senior notes due 2020.
(3)
Included for the third quarter 2015 are: 1) employee separation and restructuring costs of $13.7 million and 2) a $7.5 million benefit related to the reversal of an uncertain tax position due to the expiration of the statute of limitations.
(4)
Included for the second quarter 2015 are: 1) employee separation and restructuring costs of $7.5 million and 2) a $26.0 million tax benefit as a result of amending U.S. federal income tax returns from 2005 to 2012 to use foreign tax credits.
(5)
Included for the first quarter 2015 are employee separation and restructuring costs of $10.6 million.
(6)
Included for the fourth quarter 2014 are: 1) a mark-to-market pension and other post-retirement charge of $56.5 million, 2) employee separation and restructuring costs of $23.2 million, 3) environmental remediation costs of $2.6 million and 5) a gain related to the reimbursement of previously incurred environmental costs of $2.1 million.
(7)
Included for the third quarter 2014 are: 1) employee separation and restructuring costs of $17.9 million, 2) environmental remediation costs of $5.9 million and 3) a gain related to the reimbursement of previously incurred environmental costs of $1.6 million.
(8)
Included for the second quarter 2014 are: 1) employee separation and restructuring costs of $35.1 million and 2) a $5.4 million tax benefit associated with our investments in certain foreign affiliates.
(9)
Included for the first quarter 2014 are employee separation and restructuring costs of $17.9 million.