Segment Information

3 Months Ended

Mar. 31, 2020

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; gains and losses on the divestiture of joint ventures and equity investments; 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 and eliminations.

PolyOne has three reportable segments: (1) Color, Additives and Inks; (2) Specialty Engineered Materials; and (3) Distribution.

Segment information for the three months ended March 31, 2020 and 2019 is as follows:


	Three Months Ended March 31, 2020										Three Months Ended March 31, 2019
(In millions)	Sales to External Customers		Total Sales		Operating Income		Sales to External Customers		Total Sales		Operating Income
Color, Additives and Inks	$	255.4	$	256.5	$	40.5	$	262.1	$	263.3	$	39.5
Specialty Engineered Materials	169.2		185.3		22.3		175.8		189.9		20.5
Distribution	283.4		289.5		19.4		312.7		317.3		19.5
Corporate and eliminations	3.5		(19.8)		(29.4)		—		(19.9)		(32.4)
Total	$	711.5	$	711.5	$	52.8	$	750.6	$	750.6	$	47.1


	Total Assets
(In millions)	As of March 31, 2020		As of December 31, 2019
Color, Additives and Inks	$	1,224.3	$	1,215.8
Specialty Engineered Materials	774.8		774.0
Distribution	271.0		235.6
Corporate and eliminations	1,472.6		1,047.9

Total assets	$	3,742.7	$	3,273.3