SEGMENT INFORMATION

3 Months Ended

Mar. 31, 2024

Segment Reporting [Abstract]

SEGMENT INFORMATION

Note 9 — SEGMENT INFORMATION

Avient has two reportable segments: (1) Color, Additives and Inks and (2) Specialty Engineered Materials. Operating income is the primary measure that is reported to our chief operating decision maker (CODM) 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 closure and phase-in costs; costs incurred directly in relation to acquisitions or divestitures; integration costs; executive separation agreements; share-based compensation costs; asset impairments; environmental remediation costs, along with related gains from insurance recoveries, and other liabilities for facilities no longer owned or closed in prior years; 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 CODM. These costs are included in Corporate.

Financial information by reportable segment is as follows:

	Three Months Ended March 31, 2024				Three Months Ended March 31, 2023
(In millions)	Sales		Operating Income		Sales		Operating Income
Color, Additives and Inks	$	515.3	$	74.8	$	537.0	$	65.6
Specialty Engineered Materials	314.4		53.4		309.7		43.1
Corporate	(0.7)		(34.2)		(1.0)		(51.6)
Total	$	829.0	$	94.0	$	845.7	$	57.1

	Total Assets
(In millions)	As of March 31, 2024		As of December 31, 2023
Color, Additives and Inks	$	2,664.5	$	2,657.2
Specialty Engineered Materials	2,537.7		2,532.6
Corporate	673.9		778.7
Total assets	$	5,876.1	$	5,968.5