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Segment Information
6 Months Ended
Jun. 30, 2017
Segment Reporting [Abstract]  
Segment Information
Note 9 — SEGMENT INFORMATION
Operating income is the primary measure that is reported to our chief operating decision maker 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 realignment costs; executive separation agreements; share-based compensation costs; asset impairments; environmental remediation costs 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 chief operating decision maker. These costs are included in Corporate and eliminations.
PolyOne has four reportable segments: (1) Color, Additives and Inks; (2) Specialty Engineered Materials; (3) Performance Products and Solutions; and (4) PolyOne Distribution. Previously, PolyOne had five reportable segments, however, as a result of the divestiture of DSS we have removed DSS as a separate operating segment and its results are presented as a discontinued operation. Historical information has been retrospectively adjusted to reflect these changes. Please see Note 3, Discontinued Operations for additional information.
Segment information for the three and six months ended June 30, 2017 and 2016 is as follows: 
 
Three Months Ended June 30, 2017

Three Months Ended June 30, 2016
(In millions)
Sales to
External
Customers
 
Total Sales
 
Operating
Income
 
Sales to
External
Customers
 
Total Sales
 
Operating
Income
Color, Additives and Inks
$
218.1


$
223.7


$
38.6


$
206.0


$
212.2


$
38.2

Specialty Engineered Materials
146.1


158.7


20.3


131.6


143.3


21.4

Performance Products and Solutions
163.3


184.2


22.3


152.0


172.8


21.3

PolyOne Distribution
286.6


290.8


20.3


268.6


272.6


17.8

Corporate and eliminations


(43.3
)

(21.5
)



(42.7
)

(16.9
)
Total
$
814.1


$
814.1


$
80.0


$
758.2


$
758.2


$
81.8

 
 
Six Months Ended June 30, 2017
 
Six Months Ended June 30, 2016
(In millions)
Sales to
External
Customers
 
Total Sales
 
Operating
Income
 
Sales to
External
Customers
 
Total Sales
 
Operating
Income
Color, Additives and Inks
$
424.6

 
$
435.5

 
$
73.7

 
$
407.2

 
$
417.1

 
$
73.1

Specialty Engineered Materials
292.7

 
317.8

 
43.9

 
260.0

 
284.3

 
44.8

Performance Products and Solutions
325.5

 
367.9

 
44.4

 
297.2

 
339.0

 
41.0

PolyOne Distribution
568.0

 
576.9

 
38.9

 
532.7

 
541.4

 
35.3

Corporate and eliminations

 
(87.3
)
 
(36.9
)
 

 
(84.7
)
 
(42.0
)
Total
$
1,610.8

 
$
1,610.8

 
$
164.0

 
$
1,497.1

 
$
1,497.1

 
$
152.2

 

 
Total Assets
(In millions)
June 30, 2017
 
December 31, 2016
Color, Additives and Inks
$
1,125.8

 
$
923.8

Specialty Engineered Materials
558.0

 
542.8

Performance Products and Solutions
271.2

 
241.8

PolyOne Distribution
238.6

 
207.0

Corporate and eliminations
376.4

 
389.1

Total assets from continuing operations
2,570.0

 
2,304.5

Assets held for sale
142.6

 
433.9

Total assets
$
2,712.6

 
$
2,738.4