XML 28 R17.htm IDEA: XBRL DOCUMENT v3.20.2
Segment Information
 9 Months Ended
Sep. 30, 2020
Segment Reporting [Abstract]  
SEGMENT INFORMATION
Note 10 — SEGMENT INFORMATION
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.
Avient has three reportable segments: (1) Color, Additives and Inks; (2) Specialty Engineered Materials; and (3) Distribution.
Segment information for the three and nine months ended September 30, 2020 and 2019 is as follows: 
 Three Months Ended
September 30, 2020		Three Months Ended
September 30, 2019
(In millions)Sales to
External
Customers		Total SalesOperating
Income		Sales to
External
Customers		Total SalesOperating
Income
Color, Additives and Inks$492.1 $493.8 $50.5 $244.7 $246.3 $38.4 
Specialty Engineered Materials156.6 174.1 24.7 169.6 183.0 19.5 
Distribution272.1 276.9 17.5 291.0 295.9 18.8 
Corporate and eliminations3.7 (20.3)(59.2)— (19.9)(33.6)
Total$924.5 $924.5 $33.5 $705.3 $705.3 $43.1 

Nine Months Ended
September 30, 2020		Nine Months Ended
September 30, 2019
(In millions)Sales to External CustomersTotal SalesOperating IncomeSales to External CustomersTotal SalesOperating Income
Color, Additives and Inks$973.4 $977.1 $123.3 $772.8 $777.1 $120.2 
Specialty Engineered Materials472.1 518.2 64.0 525.7 568.2 64.9 
Distribution790.1 805.2 51.5 905.6 919.8 58.4 
Corporate and eliminations9.5 (55.4)(114.5)— (61.0)(107.2)
Total$2,245.1 $2,245.1 $124.3 $2,204.1 $2,204.1 $136.3 
 Total Assets
(In millions)As of September 30, 2020As of December 31, 2019
Color, Additives and Inks$2,980.3 $1,215.8 
Specialty Engineered Materials727.3 774.0 
Distribution242.5 235.6 
Corporate and eliminations759.8 1,047.9 
Total assets$4,709.9 $3,273.3