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Consolidated Statements of Shareholders' Equity (Unaudited) - USD ($)
shares in Thousands, $ in Millions
Total
Total Avient shareholders' equity
Common Shares
Common Shares Held in Treasury
Additional Paid-in Capital
Retained Earnings
Accumulated Other Comprehensive (Loss) Income
Non-controlling Interests
Beginning balance (in shares) at Dec. 31, 2018     122,200          
Beginning balance, Treasury shares (in shares) at Dec. 31, 2018       (44,500)        
Beginning balance at Dec. 31, 2018 $ 540.6 $ 540.0 $ 1.2 $ (1,018.7) $ 1,166.9 $ 472.9 $ (82.3) $ 0.6
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income 38.3 38.2       38.2   0.1
Other comprehensive (loss) income 3.2 3.2         3.2  
Cash dividends declared [1] (14.8) (14.8)       (14.8)    
Share-based compensation and exercise of awards (in shares)       100        
Share-based compensation and exercise of awards 1.6 1.6   $ 1.1 0.5      
Ending balance (in shares) at Mar. 31, 2019     122,200          
Ending balance, Treasury shares (in shares) at Mar. 31, 2019       (44,400)        
Ending balance at Mar. 31, 2019 568.9 568.2 $ 1.2 $ (1,017.6) 1,167.4 496.3 (79.1) 0.7
Beginning balance (in shares) at Dec. 31, 2018     122,200          
Beginning balance, Treasury shares (in shares) at Dec. 31, 2018       (44,500)        
Beginning balance at Dec. 31, 2018 540.6 540.0 $ 1.2 $ (1,018.7) 1,166.9 472.9 (82.3) 0.6
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income 123.5              
Ending balance (in shares) at Sep. 30, 2019     122,200          
Ending balance, Treasury shares (in shares) at Sep. 30, 2019       (45,300)        
Ending balance at Sep. 30, 2019 592.2 591.4 $ 1.2 $ (1,043.3) 1,171.6 551.5 (89.6) 0.8
Beginning balance (in shares) at Mar. 31, 2019     122,200          
Beginning balance, Treasury shares (in shares) at Mar. 31, 2019       (44,400)        
Beginning balance at Mar. 31, 2019 568.9 568.2 $ 1.2 $ (1,017.6) 1,167.4 496.3 (79.1) 0.7
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income 42.1 42.1       42.1   0.0
Other comprehensive (loss) income (0.3) (0.3)         (0.3)  
Cash dividends declared [1] (15.2) (15.2)       (15.2)    
Repurchase of common shares (in shares)       (1,000)        
Repurchase of common shares (26.9) (26.9)   $ (26.9)        
Share-based compensation and exercise of awards (in shares)       100        
Share-based compensation and exercise of awards 2.5 2.5   $ 0.7 1.8      
Ending balance (in shares) at Jun. 30, 2019     122,200          
Ending balance, Treasury shares (in shares) at Jun. 30, 2019       (45,300)        
Ending balance at Jun. 30, 2019 571.1 570.4 $ 1.2 $ (1,043.8) 1,169.2 523.2 (79.4) 0.7
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income 43.1 43.0       43.0   0.1
Other comprehensive (loss) income (10.2) (10.2)         (10.2)  
Cash dividends declared (14.7) (14.7)       (14.7)    
Share-based compensation and exercise of awards (in shares)       0        
Share-based compensation and exercise of awards 2.9 2.9   $ 0.5 2.4      
Ending balance (in shares) at Sep. 30, 2019     122,200          
Ending balance, Treasury shares (in shares) at Sep. 30, 2019       (45,300)        
Ending balance at Sep. 30, 2019 592.2 591.4 $ 1.2 $ (1,043.3) 1,171.6 551.5 (89.6) 0.8
Beginning balance (in shares) at Dec. 31, 2019     122,200          
Beginning balance, Treasury shares (in shares) at Dec. 31, 2019       (45,300)        
Beginning balance at Dec. 31, 2019 1,052.7 1,051.9 $ 1.2 $ (1,043.1) 1,175.2 1,001.2 (82.6) 0.8
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income 32.8 32.8       32.8   0.0
Other comprehensive (loss) income (10.7) (10.7)         (10.7)  
Noncontrolling interest activity (0.8)             (0.8)
Cash dividends declared (18.7) [2] (18.7) [2]       (18.7) [1]    
Repurchase of common shares (in shares)       (1,000)        
Repurchase of common shares (13.6) (13.6)   $ (13.6)        
Common shares equity offering (in shares)       15,300        
Common shares equity offering 496.1 496.1 $ 0.2 $ 161.3 334.6      
Share-based compensation and exercise of awards (in shares)       200        
Share-based compensation and exercise of awards 1.1 1.1   $ 1.6 (0.5)      
Other (0.3) (0.3)       (0.3)    
Ending balance (in shares) at Mar. 31, 2020     122,200          
Ending balance, Treasury shares (in shares) at Mar. 31, 2020       (30,800)        
Ending balance at Mar. 31, 2020 1,538.6 1,538.6 $ 1.4 $ (893.8) 1,509.3 1,015.0 (93.3) 0.0
Beginning balance (in shares) at Dec. 31, 2019     122,200          
Beginning balance, Treasury shares (in shares) at Dec. 31, 2019       (45,300)        
Beginning balance at Dec. 31, 2019 1,052.7 1,051.9 $ 1.2 $ (1,043.1) 1,175.2 1,001.2 (82.6) 0.8
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income 58.6              
Ending balance (in shares) at Sep. 30, 2020     122,200          
Ending balance, Treasury shares (in shares) at Sep. 30, 2020       (30,800)        
Ending balance at Sep. 30, 2020 1,611.1 1,597.0 $ 1.4 $ (892.9) 1,514.4 1,002.5 (28.4) 14.1
Beginning balance (in shares) at Mar. 31, 2020     122,200          
Beginning balance, Treasury shares (in shares) at Mar. 31, 2020       (30,800)        
Beginning balance at Mar. 31, 2020 1,538.6 1,538.6 $ 1.4 $ (893.8) 1,509.3 1,015.0 (93.3) 0.0
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income 23.2 22.8       22.8   0.4
Other comprehensive (loss) income 4.8 4.8         4.8  
Cash dividends declared [2] (18.5) (18.5)       (18.5)    
Share-based compensation and exercise of awards (in shares)       0        
Share-based compensation and exercise of awards 3.6 3.6   $ 0.4 3.2      
Ending balance (in shares) at Jun. 30, 2020     122,200          
Ending balance, Treasury shares (in shares) at Jun. 30, 2020       (30,800)        
Ending balance at Jun. 30, 2020 1,551.7 1,551.3 $ 1.4 $ (893.4) 1,512.5 1,019.3 (88.5) 0.4
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income 2.6 1.7       1.7   0.9
Other comprehensive (loss) income 60.1 60.1         60.1  
Cash dividends declared (18.5) (18.5)       (18.5)    
Share-based compensation and exercise of awards 2.4 2.4   $ 0.5 1.9      
Acquisitions/other 12.8             12.8
Ending balance (in shares) at Sep. 30, 2020     122,200          
Ending balance, Treasury shares (in shares) at Sep. 30, 2020       (30,800)        
Ending balance at Sep. 30, 2020 $ 1,611.1 $ 1,597.0 $ 1.4 $ (892.9) $ 1,514.4 $ 1,002.5 $ (28.4) $ 14.1
[1] (1) Dividends declared per share were $0.1950 and $0.5850 for the three and nine months ended September 30, 2019, respectively.
[2] (1) Dividends declared per share were $0.2025 and $0.6075 for the three and nine months ended September 30, 2020, respectively.