$AVNT
AVIENT CORP

2017 Q3 Form 10-Q Financial Statement

#000112297617000029 Filed on October 25, 2017

View on sec.gov

Income Statement

Concept 2017 Q3 2016 Q3
Revenue $818.5M $746.7M
YoY Change 9.62% -11.28%
Cost Of Revenue $639.0M $580.6M
YoY Change 10.06% -13.67%
Gross Profit $150.4M $166.1M
YoY Change -9.45% -1.77%
Gross Profit Margin 18.38% 22.24%
Selling, General & Admin $113.8M $94.10M
YoY Change 20.94% -5.81%
% of Gross Profit 75.66% 56.65%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $23.10M $25.50M
YoY Change -9.41% 7.59%
% of Gross Profit 15.36% 15.35%
Operating Expenses $113.8M $94.10M
YoY Change 20.94% -5.81%
Operating Profit $41.60M $72.00M
YoY Change -42.22% 4.05%
Interest Expense -$15.50M -$15.10M
YoY Change 2.65% -193.21%
% of Operating Profit -37.26% -20.97%
Other Income/Expense, Net $1.300M -$100.0K
YoY Change -1400.0% -93.75%
Pretax Income $51.50M $56.80M
YoY Change -9.33% 10.51%
Income Tax $11.30M $14.00M
% Of Pretax Income 21.94% 24.65%
Net Earnings $38.80M $42.30M
YoY Change -8.27% -4.94%
Net Earnings / Revenue 4.74% 5.66%
Basic Earnings Per Share $0.48 $0.50
Diluted Earnings Per Share $0.47 $0.50
COMMON SHARES
Basic Shares Outstanding 81.20M shares 83.90M shares
Diluted Shares Outstanding 82.00M shares 84.50M shares

Balance Sheet

Concept 2017 Q3 2016 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $233.5M $212.2M
YoY Change 10.04% -9.97%
Cash & Equivalents $233.5M $212.2M
Short-Term Investments
Other Short-Term Assets $70.50M $45.50M
YoY Change 54.95% -45.05%
Inventory $308.9M $325.6M
Prepaid Expenses
Receivables $431.1M $418.3M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.044B $1.002B
YoY Change 4.23% -1.0%
LONG-TERM ASSETS
Property, Plant & Equipment $447.8M $605.0M
YoY Change -25.98% 5.31%
Goodwill $608.9M $672.9M
YoY Change -9.51% 13.86%
Intangibles $405.7M $370.2M
YoY Change 9.59% 7.03%
Long-Term Investments
YoY Change
Other Assets $143.1M $100.1M
YoY Change 42.96% -12.42%
Total Long-Term Assets $1.606B $1.748B
YoY Change -8.16% 7.54%
TOTAL ASSETS
Total Short-Term Assets $1.044B $1.002B
Total Long-Term Assets $1.606B $1.748B
Total Assets $2.650B $2.750B
YoY Change -3.65% 4.26%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $378.2M $383.4M
YoY Change -1.36% 2.35%
Accrued Expenses $123.2M $124.8M
YoY Change -1.28% -0.32%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $32.50M $19.30M
YoY Change 68.39% -68.77%
Total Short-Term Liabilities $533.9M $527.5M
YoY Change 1.21% -6.07%
LONG-TERM LIABILITIES
Long-Term Debt $1.320B $1.240B
YoY Change 6.39% 19.48%
Other Long-Term Liabilities $164.0M $146.7M
YoY Change 11.79% -2.72%
Total Long-Term Liabilities $1.547B $1.466B
YoY Change 5.52% 10.49%
TOTAL LIABILITIES
Total Short-Term Liabilities $533.9M $527.5M
Total Long-Term Liabilities $1.547B $1.466B
Total Liabilities $2.081B $1.994B
YoY Change 4.38% 5.57%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $567.9M $755.4M
YoY Change
Total Liabilities & Shareholders Equity $2.650B $2.750B
YoY Change -3.65% 4.26%

Cashflow Statement

Concept 2017 Q3 2016 Q3
OPERATING ACTIVITIES
Net Income $38.80M $42.30M
YoY Change -8.27% -4.94%
Depreciation, Depletion And Amortization $23.10M $25.50M
YoY Change -9.41% 7.59%
Cash From Operating Activities $67.50M $77.90M
YoY Change -13.35% 13.39%
INVESTING ACTIVITIES
Capital Expenditures -$17.90M -$18.40M
YoY Change -2.72% -18.22%
Acquisitions
YoY Change
Other Investing Activities $87.30M -$84.70M
YoY Change -203.07%
Cash From Investing Activities $69.40M -$103.1M
YoY Change -167.31% 358.22%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -96.50M 76.00M
YoY Change -226.97% -280.09%
NET CHANGE
Cash From Operating Activities 67.50M 77.90M
Cash From Investing Activities 69.40M -103.1M
Cash From Financing Activities -96.50M 76.00M
Net Change In Cash 40.40M 50.80M
YoY Change -20.47% 1170.0%
FREE CASH FLOW
Cash From Operating Activities $67.50M $77.90M
Capital Expenditures -$17.90M -$18.40M
Free Cash Flow $85.40M $96.30M
YoY Change -11.32% 5.59%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
dei Document Type
DocumentType
10-Q
CY2016Q4 pol Long Term Debt Excluding Current Maturities Principal Amount
LongTermDebtExcludingCurrentMaturitiesPrincipalAmount
1255200000 USD
CY2017Q3 pol Long Term Debt Excluding Current Maturities Principal Amount
LongTermDebtExcludingCurrentMaturitiesPrincipalAmount
1334500000 USD
CY2016Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
320900000 USD
CY2017Q3 us-gaap Accounts Payable Current
AccountsPayableCurrent
378200000 USD
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2017
dei Document Period End Date
DocumentPeriodEndDate
2017-09-30
dei Entity Central Index Key
EntityCentralIndexKey
0001122976
CY2017Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
80804215 shares
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Entity Registrant Name
EntityRegistrantName
POLYONE CORP
CY2016Q4 pol Debt Instrument Unamortized Discount Premiumand Debt Issuance Costs Current
DebtInstrumentUnamortizedDiscountPremiumandDebtIssuanceCostsCurrent
0 USD
CY2017Q3 pol Debt Instrument Unamortized Discount Premiumand Debt Issuance Costs Current
DebtInstrumentUnamortizedDiscountPremiumandDebtIssuanceCostsCurrent
0 USD
CY2016Q4 pol Debt Instrument Unamortized Discount Premiumand Debt Issuance Costs Noncurrent
DebtInstrumentUnamortizedDiscountPremiumandDebtIssuanceCostsNoncurrent
15800000 USD
CY2017Q3 pol Debt Instrument Unamortized Discount Premiumand Debt Issuance Costs Noncurrent
DebtInstrumentUnamortizedDiscountPremiumandDebtIssuanceCostsNoncurrent
15000000 USD
CY2016Q4 pol Finite Lived Intangible Assets Currency Translation
FiniteLivedIntangibleAssetsCurrencyTranslation
700000 USD
CY2017Q3 pol Finite Lived Intangible Assets Currency Translation
FiniteLivedIntangibleAssetsCurrencyTranslation
100000 USD
pol Increase Decrease In Accrued Liabilities And Other Assets
IncreaseDecreaseInAccruedLiabilitiesAndOtherAssets
-6000000 USD
pol Increase Decrease In Accrued Liabilities And Other Assets
IncreaseDecreaseInAccruedLiabilitiesAndOtherAssets
-30400000 USD
CY2016Q4 pol Long Term Debt Current Maturities Principal Amount
LongTermDebtCurrentMaturitiesPrincipalAmount
18500000 USD
CY2017Q3 pol Long Term Debt Current Maturities Principal Amount
LongTermDebtCurrentMaturitiesPrincipalAmount
32500000 USD
CY2016Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
325600000 USD
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
0 USD
CY2017Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
233500000 USD
CY2015Q4 us-gaap Cash And Cash Equivalents At Carrying Value Including Discontinued Operations
CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations
279800000 USD
CY2016Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
43200000 USD
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
127900000 USD
CY2017Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
431100000 USD
CY2016Q4 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
117300000 USD
CY2017Q3 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
117800000 USD
CY2016Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
125200000 USD
CY2017Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
123200000 USD
CY2016Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
863900000 USD
CY2017Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
913000000 USD
CY2016Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
200000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
200000 shares
CY2017Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
CY2016Q4 us-gaap Assets
Assets
2738400000 USD
CY2017Q3 us-gaap Assets
Assets
2649500000 USD
CY2016Q4 us-gaap Assets Current
AssetsCurrent
949500000 USD
CY2017Q3 us-gaap Assets Current
AssetsCurrent
1044000000 USD
CY2016Q4 us-gaap Assets Of Disposal Group Including Discontinued Operation Current
AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent
86500000 USD
CY2017Q3 us-gaap Assets Of Disposal Group Including Discontinued Operation Current
AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent
0 USD
CY2017Q3 us-gaap Business Combination Pro Forma Information Revenue Of Acquiree Since Acquisition Date Actual
BusinessCombinationProFormaInformationRevenueOfAcquireeSinceAcquisitionDateActual
23800000 USD
us-gaap Business Combination Pro Forma Information Revenue Of Acquiree Since Acquisition Date Actual
BusinessCombinationProFormaInformationRevenueOfAcquireeSinceAcquisitionDateActual
35500000 USD
CY2017Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Deferred Tax Liabilities
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedDeferredTaxLiabilities
25100000 USD
CY2017Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet
21900000 USD
CY2016Q4 us-gaap Capital Lease Obligations
CapitalLeaseObligations
17400000 USD
CY2017Q3 us-gaap Capital Lease Obligations
CapitalLeaseObligations
17700000 USD
CY2016Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
225500000 USD
CY2016Q3 us-gaap Cash And Cash Equivalents At Carrying Value Including Discontinued Operations
CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations
212200000 USD
CY2016Q4 us-gaap Cash And Cash Equivalents At Carrying Value Including Discontinued Operations
CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations
226700000 USD
CY2017Q3 us-gaap Cash And Cash Equivalents At Carrying Value Including Discontinued Operations
CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations
233500000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-67600000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
6800000 USD
CY2016Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.12
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.36
CY2017Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.135
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.405
CY2016Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
43200000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
128000000 USD
CY2017Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
54800000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-60400000 USD
CY2016Q3 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
0 USD
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-100000 USD
CY2017Q3 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
0 USD
CY2017Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
54800000 USD
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-60400000 USD
CY2016Q3 us-gaap Cost Of Goods Sold
CostOfGoodsSold
580600000 USD
us-gaap Cost Of Goods Sold
CostOfGoodsSold
1719200000 USD
CY2017Q3 us-gaap Cost Of Goods Sold
CostOfGoodsSold
639000000 USD
us-gaap Cost Of Goods Sold
CostOfGoodsSold
1879500000 USD
CY2016Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1273700000 USD
CY2017Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1367000000 USD
CY2016Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
15800000 USD
CY2017Q3 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
15000000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
74700000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
75700000 USD
us-gaap Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
0 USD
us-gaap Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
-228700000 USD
CY2016Q4 us-gaap Disposal Group Including Discontinued Operation Assets Noncurrent
DisposalGroupIncludingDiscontinuedOperationAssetsNoncurrent
347400000 USD
CY2017Q3 us-gaap Disposal Group Including Discontinued Operation Assets Noncurrent
DisposalGroupIncludingDiscontinuedOperationAssetsNoncurrent
0 USD
CY2016Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.50
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.56
CY2017Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.48
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.17
CY2016Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.50
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.55
CY2017Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.47
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.16
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-1300000 USD
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
4700000 USD
CY2016Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.246
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.270
CY2017Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.219
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.245
CY2017Q3 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
CY2016Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
94300000 USD
CY2017Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
110000000 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
437700000 USD
CY2017Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
515800000 USD
us-gaap Finitelived Intangible Assets Acquired1
FinitelivedIntangibleAssetsAcquired1
76800000 USD
us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
0 USD
us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
3600000 USD
CY2016Q3 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-400000 USD
CY2017Q3 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-300000 USD
CY2016Q4 us-gaap Goodwill
Goodwill
532700000 USD
CY2017Q3 us-gaap Goodwill
Goodwill
608900000 USD
us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
76800000 USD
us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
75400000 USD
us-gaap Goodwill Translation And Purchase Accounting Adjustments
GoodwillTranslationAndPurchaseAccountingAdjustments
800000 USD
CY2016Q3 us-gaap Gross Profit
GrossProfit
166100000 USD
us-gaap Gross Profit
GrossProfit
524600000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
7700000 USD
CY2016Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
14000000 USD
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-44300000 USD
CY2017Q3 us-gaap Gross Profit
GrossProfit
179500000 USD
us-gaap Gross Profit
GrossProfit
549800000 USD
CY2016Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
56800000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
179500000 USD
CY2017Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
51500000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
182900000 USD
CY2016Q3 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
42800000 USD
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
131100000 USD
CY2017Q3 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
40200000 USD
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
138100000 USD
CY2016Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.51
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
1.56
CY2017Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.50
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
1.69
CY2016Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.51
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
1.55
CY2017Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.49
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
1.68
CY2016Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
-500000 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
200000 USD
CY2017Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
-1400000 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
-233800000 USD
CY2016Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
-0.01
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.00
CY2017Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
-0.02
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
-2.86
CY2016Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
-0.01
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.00
CY2017Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
-0.02
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
-2.84
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
48400000 USD
CY2017Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
11300000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
44800000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
30100000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
43000000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
67400000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
83600000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
10400000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
21700000 USD
us-gaap Increase Decrease In Pension And Postretirement Obligations
IncreaseDecreaseInPensionAndPostretirementObligations
-31300000 USD
us-gaap Increase Decrease In Pension And Postretirement Obligations
IncreaseDecreaseInPensionAndPostretirementObligations
-10400000 USD
CY2016Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
342700000 USD
CY2017Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
405700000 USD
CY2016Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-15100000 USD
CY2017Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-15500000 USD
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-45300000 USD
CY2016Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
177400000 USD
CY2017Q3 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
183000000 USD
CY2016Q4 us-gaap Inventory Net
InventoryNet
266400000 USD
CY2017Q3 us-gaap Inventory Net
InventoryNet
308900000 USD
CY2016Q4 us-gaap Inventory Raw Materials And Supplies Net Of Reserves
InventoryRawMaterialsAndSuppliesNetOfReserves
84500000 USD
CY2017Q3 us-gaap Inventory Raw Materials And Supplies Net Of Reserves
InventoryRawMaterialsAndSuppliesNetOfReserves
119700000 USD
CY2016Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
4500000 USD
CY2017Q3 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
6200000 USD
CY2016Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
2738400000 USD
CY2017Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
2649500000 USD
CY2016Q4 us-gaap Liabilities Current
LiabilitiesCurrent
509900000 USD
CY2017Q3 us-gaap Liabilities Current
LiabilitiesCurrent
533900000 USD
CY2016Q4 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
1503000000 USD
CY2017Q3 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
1546900000 USD
CY2016Q4 us-gaap Liabilities Of Disposal Group Including Discontinued Operation Current
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent
45300000 USD
CY2017Q3 us-gaap Liabilities Of Disposal Group Including Discontinued Operation Current
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent
0 USD
CY2016Q4 us-gaap Liabilities Of Disposal Group Including Discontinued Operation Noncurrent
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationNoncurrent
52800000 USD
CY2017Q3 us-gaap Liabilities Of Disposal Group Including Discontinued Operation Noncurrent
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationNoncurrent
0 USD
CY2016Q4 us-gaap Long Term Debt
LongTermDebt
1257900000 USD
CY2017Q3 us-gaap Long Term Debt
LongTermDebt
1352000000 USD
CY2016Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
18500000 USD
CY2017Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
32500000 USD
CY2016Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
1271700000 USD
CY2017Q3 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
1396000000 USD
CY2016Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
1239400000 USD
CY2017Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
1319500000 USD
CY2016Q4 us-gaap Minority Interest
MinorityInterest
800000 USD
CY2017Q3 us-gaap Minority Interest
MinorityInterest
800000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-16300000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-206500000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-92800000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
132500000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
111200000 USD
CY2016Q3 us-gaap Net Income Loss
NetIncomeLoss
42300000 USD
us-gaap Net Income Loss
NetIncomeLoss
131400000 USD
CY2017Q3 us-gaap Net Income Loss
NetIncomeLoss
38800000 USD
us-gaap Net Income Loss
NetIncomeLoss
-95700000 USD
CY2016Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-100000 USD
CY2017Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0 USD
CY2016Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-100000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
0 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
35400000 USD
CY2016Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
200000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
200000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
58000000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
52000000 USD
CY2017Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
0 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
-100000 USD
CY2016Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
147700000 USD
CY2017Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
164000000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
50700000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
70700000 USD
CY2016Q4 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
63100000 USD
CY2017Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-700000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-3200000 USD
CY2017Q3 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
5 segment
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
4 segment
CY2016Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
72000000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
224200000 USD
CY2017Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
67700000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
231700000 USD
CY2016Q4 us-gaap Other Assets Current
OtherAssetsCurrent
45500000 USD
CY2017Q3 us-gaap Other Assets Current
OtherAssetsCurrent
70500000 USD
CY2016Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
139800000 USD
CY2017Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
143100000 USD
CY2016Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
700000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
-3600000 USD
CY2017Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
16000000 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
30100000 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
33200000 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
1900000 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
2500000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
4700000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
2900000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
163800000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
158300000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
163800000 USD
CY2017Q3 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
63400000 USD
us-gaap Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
9800000 USD
us-gaap Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
123000000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
100000000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
805900000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
1111200000 USD
CY2016Q3 us-gaap Profit Loss
ProfitLoss
42300000 USD
us-gaap Profit Loss
ProfitLoss
131300000 USD
CY2017Q3 us-gaap Profit Loss
ProfitLoss
38800000 USD
CY2017Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1360800000 USD
us-gaap Profit Loss
ProfitLoss
-95700000 USD
CY2016Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1290200000 USD
CY2017Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
82000000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
82300000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
84800000 shares
CY2016Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
83900000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
84200000 shares
CY2017Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
81200000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
81700000 shares
CY2016Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
426300000 USD
CY2017Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
447800000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
806400000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
1013300000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
4400000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
4900000 USD
us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
4600000 USD
us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
900000 USD
CY2016Q3 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
746700000 USD
us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
2243800000 USD
CY2017Q3 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
818500000 USD
us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
2429300000 USD
CY2016Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
94100000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
300400000 USD
CY2017Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
111800000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
318100000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
6500000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
8000000 USD
CY2016Q4 us-gaap Stockholders Equity
StockholdersEquity
724700000 USD
CY2017Q3 us-gaap Stockholders Equity
StockholdersEquity
567900000 USD
CY2016Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
725500000 USD
CY2017Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
568700000 USD
CY2016Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
600000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
600000 shares
CY2017Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
800000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
600000 shares
CY2016Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
84500000 shares

Files In Submission

Name View Source Status
0001122976-17-000029-index-headers.html Edgar Link pending
0001122976-17-000029-index.html Edgar Link pending
0001122976-17-000029.txt Edgar Link pending
0001122976-17-000029-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
pol-20170930.xml Edgar Link completed
pol-20170930.xsd Edgar Link pending
pol-20170930_cal.xml Edgar Link unprocessable
pol-20170930_def.xml Edgar Link unprocessable
pol-20170930_lab.xml Edgar Link unprocessable
pol-20170930_pre.xml Edgar Link unprocessable
pol-2017930x10q.htm Edgar Link pending
pol-ex101_20170930.htm Edgar Link pending
pol-ex311_20170930.htm Edgar Link pending
pol-ex312_20170930.htm Edgar Link pending
pol-ex321_20170930.htm Edgar Link pending
pol-ex322_20170930.htm Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R4.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending