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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 601.2 $ 649.5
Accounts receivable, net 642.3 516.6
Inventories, net 461.1 327.5
Other current assets 122.4 108.5
Total current assets 1,827.0 1,602.1
Property, net 676.1 694.9
Goodwill 1,286.4 1,308.1
Intangible assets, net 925.2 1,008.5
Operating lease assets, net 74.1 80.9
Other non-current assets 208.4 176.0
Total assets 4,997.2 4,870.5
Current liabilities:    
Short-term and current portion of long-term debt 8.6 18.6
Accounts payable 553.9 471.7
Current operating lease obligations 24.2 25.1
Accrued expenses and other current liabilities 353.9 285.6
Total current liabilities 940.6 801.0
Non-current liabilities:    
Long-term debt 1,850.3 1,854.0
Pension and other post-retirement benefits 100.0 115.0
Deferred income taxes 100.6 140.0
Non-current operating lease obligations 50.1 56.0
Other non-current liabilities 165.1 192.8
Total non-current liabilities 2,266.1 2,357.8
SHAREHOLDERS' EQUITY    
Common Shares, $0.01 par, 400.0 shares authorized, 122.2 shares issued 1.2 1.2
Additional paid-in capital 1,511.8 1,513.3
Retained earnings 1,208.0 1,057.4
Common shares held in treasury, at cost, 30.6 shares in 2021 and 30.9 shares in 2020 (900.7) (901.2)
Accumulated other comprehensive (loss) income (45.6) 26.4
Avient shareholders’ equity 1,774.7 1,697.1
Noncontrolling interest 15.8 14.6
Total equity 1,790.5 1,711.7
Total liabilities and equity $ 4,997.2 $ 4,870.5