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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Income Statement [Abstract]        
Sales $ 861.5 $ 887.1 $ 1,708.5 $ 1,760.2
Cost of sales 669.2 701.4 1,330.7 1,404.7
Gross margin 192.3 185.7 377.8 355.5
Selling and administrative expense 110.8 105.4 225.0 205.1
Operating income 81.5 80.3 152.8 150.4
Interest expense, net (14.6) (16.2) (29.2) (32.3)
Debt extinguishment costs (0.4) 0.0 (0.4) 0.0
Other income (expense), net 0.1 (0.7) 0.4 (1.4)
Income before income taxes 66.6 63.4 123.6 116.7
Income tax (expense) benefit (16.6) 3.6 (34.6) (19.5)
Net income 50.0 67.0 89.0 97.2
Net (income) loss attributable to noncontrolling interests 0.0 (0.2) 0.1 (0.2)
Net income attributable to PolyOne common shareholders $ 50.0 $ 66.8 $ 89.1 $ 97.0
Earnings per common share attributable to PolyOne common shareholders - Basic (in USD per share) $ 0.59 $ 0.75 $ 1.06 $ 1.09
Earnings per common share attributable to PolyOne common shareholders - Diluted (in USD per share) $ 0.59 $ 0.74 $ 1.05 $ 1.08
Weighted-average shares used to compute earnings per common share:        
Basic (in shares) 84.1 88.9 84.4 89.1
Diluted (in shares) 84.7 89.8 84.9 89.9
Cash dividends declared per share of common stock (in USD per share) $ 0.12 $ 0.10 $ 0.24 $ 0.20