Selected Quarterly Financial Data

12 Months Ended

Dec. 31, 2014

Selected Quarterly Financial Information [Abstract]

Selected Quarterly Financial Data (Unaudited)

	2014 Quarters									2013 Quarters
(In millions, except per share data)	Fourth (2)			Third (3)		Second (4)		First (5)		Fourth(6)		Third (7)		Second (8)		First (9)
Sales	$	869.3		$	958.4	$	1,005.5	$	1,002.3	$	923.6	$	1,008.9	$	1,037.6	$	801.1
Gross Margin	152.6			182.6		184.5		188.2		114.9		181.3		203.7		162.3
Operating (loss)/income	(14.3		)	63.6		49.4		56.4		48.7		61.6		80.7		40.5
Net (loss)/income from continuing operations	(15.0		)	32.3		30.7		29.2		20.6		23.0		38.3		11.0
Net (loss)/income from continuing operations attributable to PolyOne shareholders	$	(14.6	)	$	32.3	$	30.9	$	29.4	$	21.0	$	23.2	$	38.6	$	11.2
Net income from continuing operations per common share attributable to PolyOne common shareholders: (1)
Basic net (loss)/income - continuing operations	$	(0.16	)	$	0.35	$	0.33	$	0.31	$	0.22	$	0.24	$	0.39	$	0.12
Diluted net (loss)/income - continuing operations	$	(0.16	)	$	0.35	$	0.33	$	0.31	$	0.22	$	0.24	$	0.39	$	0.12

(1) Per share amounts for the quarter and the full year have been computed separately. The sum of the quarterly amounts may not equal the annual amounts presented because of differences in the average shares outstanding during each period.

(2) Included for the fourth quarter 2014 are: 1) mark-to-market pension and other post-retirement charge of $56.5 million, 2) employee separation and restructuring costs of $23.2 million, 3) environmental remediation costs of $2.6 million and 5) a gain related to the reimbursement of previously incurred environmental costs of $2.1 million.

(3) Included for the third quarter 2014 are: 1) $17.9 million in employee separation and restructuring costs, 2) $5.9 million in environmental remediation costs and 3) a gain related to the reimbursement of previously incurred environmental costs of $1.6 million.

(4) Included for the second quarter 2014 are: 1) $35.1 million in employee separation and restructuring costs and 2) $5.4 million tax benefit associated with our investments in certain foreign affiliates.

(5) Included for the first quarter 2014 are: 1) $17.9 million in employee separation and restructuring costs.

(6) Included for the fourth quarter 2013 are: 1) gains from the SunBelt earn-out of $26.8 million, 2) mark-to-market pension and other post-retirement benefit gains of $44.0 million, 3) environmental remediation costs of $52.6 million, 4) a gain related to the reimbursement of previously incurred environmental costs of $3.4 million and 5) employee separation and restructuring costs of $28.3 million.

(7) Included for the third quarter 2013 are: 1) $5.3 million in environmental remediation costs, 2) $10.9 million in employee separation and restructuring costs, 3) $7.0 million gain on commercial litigation, 4) $5.2 million in debt extinguishment costs associated with our outstanding debt repurchases and 5) $1.2 million of acquisition and divestiture-related costs.

(8) Included for the second quarter 2013 are: 1) pre-tax gain of $223.7 million related to the sale of the Resin Business, 2) $2.9 million in employee separation and restructuring costs, 3) acquisition and divestiture-related costs of $4.9 million, 4) environmental remediation costs of $1.3 million and 5) a gain related to the reimbursement of previously incurred environmental costs of $14.9 million.

(9) Included for the first quarter 2013 are: 1) $9.9 million in employee separation and restructuring costs 2) acquisition and divestiture-related costs of $8.7 million, 3) environmental remediation costs of $2.0 million, 4) a gain related to the reimbursement of previously incurred environmental costs of $5.2 million and 5) $10.6 million in debt extinguishment costs related to the early retirement of our senior secured term loan.