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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 864.7 $ 170.9
Accounts receivable, net 330.0 347.2
Inventories, net 260.9 284.6
Current assets held for sale 0.0 129.7
Other current assets 57.7 66.4
Total current assets 1,513.3 998.8
Property, net 407.4 384.5
Goodwill 685.7 639.1
Intangible assets, net 469.3 422.4
Operating lease assets, net 63.8  
Non-current assets held for sale 0.0 124.5
Other non-current assets 133.8 154.0
Total assets 3,273.3 2,723.3
Current liabilities:    
Short-term and current portion of long-term debt 18.4 19.4
Accounts payable 287.7 305.0
Current operating lease obligations 21.0  
Current liabilities held for sale 0.0 104.5
Accrued expenses and other current liabilities 375.4 128.7
Total current liabilities 702.5 557.6
Non-current liabilities:    
Long-term debt 1,210.9 1,336.2
Pension and other post-retirement benefits 56.6 54.3
Deferred income taxes 63.5 69.1
Non-current operating lease obligations 42.8  
Non-current liabilities held for sale 0.0 3.3
Other non-current liabilities 144.3 162.2
Total non-current liabilities 1,518.1 1,625.1
SHAREHOLDERS' EQUITY    
Common Shares, $0.01 par, 400.0 shares authorized, 122.2 shares issued 1.2 1.2
Additional paid-in capital 1,175.2 1,166.9
Retained earnings 1,001.2 472.9
Common shares held in treasury, at cost, 45.3 shares in 2019 and 44.5 shares in 2018 (1,043.1) (1,018.7)
Accumulated other comprehensive loss (82.6) (82.3)
PolyOne shareholders’ equity 1,051.9 540.0
Noncontrolling interest 0.8 0.6
Total equity 1,052.7 540.6
Total liabilities and equity $ 3,273.3 $ 2,723.3