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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Income Statement [Abstract]        
Sales $ 924.5 $ 705.3 $ 2,245.1 $ 2,204.1
Cost of sales 714.3 544.8 1,713.7 1,700.2
Gross margin 210.2 160.5 531.4 503.9
Selling and administrative expense 176.7 117.4 407.1 367.6
Operating income 33.5 43.1 124.3 136.3
Interest expense, net (29.7) (15.5) (55.3) (47.6)
Other income, net 1.5 0.6 12.6 1.4
Income from continuing operations before income taxes 5.3 28.2 81.6 90.1
Income tax expense (2.7) (4.6) (22.5) (20.8)
Net income from continuing operations 2.6 23.6 59.1 69.3
Income (loss) from discontinued operations, net of income taxes 0.0 19.5 (0.5) 54.2
Net income 2.6 43.1 58.6 123.5
Net income attributable to noncontrolling interests (0.9) (0.1) (1.3) (0.2)
Net income attributable to Avient common shareholders $ 1.7 $ 43.0 $ 57.3 $ 123.3
Earnings per share attributable to Avient common shareholders - Basic:        
Continuing operations (in USD per share) $ 0.02 $ 0.31 $ 0.64 $ 0.89
Discontinued operations (in USD per share) 0 0.25 0 0.71
Total (in USD per share) 0.02 0.56 0.64 1.60
Earnings (loss) per share attributable to Avient common shareholders - Diluted:        
Continuing operations (in USD per share) 0.02 0.30 0.64 0.89
Discontinued operations (in USD per share) 0 0.26 (0.01) 0.69
Total (in USD per share) $ 0.02 $ 0.56 $ 0.63 $ 1.58
Weighted-average shares used to compute earnings per common share:        
Basic (in shares) 91.5 76.9 89.7 77.3
Plus dilutive impact of share-based compensation (in shares) 0.4 0.5 1.0 0.5
Diluted (in shares) 91.9 77.4 90.7 77.8
Anti-dilutive shares not included in diluted common shares outstanding (in shares) 0.7 0.6 0.9 0.8
Cash dividends declared per share of common stock (in USD per share) $ 0.2025 $ 0.1950 $ 0.6075 $ 0.5850