2020 Q4 Form 10-K Financial Statement

#000112297621000014 Filed on February 25, 2021

View on sec.gov

Income Statement

Concept 2020 Q4 2020 2019 Q4
Revenue $997.0M $17.50M $658.6M
YoY Change 51.38% -12.06% -2.73%
Cost Of Revenue $738.8M $2.458B $501.3M
YoY Change 47.38% 11.44% -2.3%
Gross Profit $252.9M $784.3M $153.3M
YoY Change 64.97% 19.34% 8.8%
Gross Profit Margin 25.37% 4481.71% 23.28%
Selling, General & Admin $154.8M $595.0M $132.8M
YoY Change 16.57% 18.9% 19.96%
% of Gross Profit 61.21% 75.86% 86.63%
Research & Development $59.80M
YoY Change 18.18%
% of Gross Profit 7.62%
Depreciation & Amortization $37.00M $111.8M $19.10M
YoY Change 93.72% 27.77% -13.57%
% of Gross Profit 14.63% 14.25% 12.46%
Operating Expenses $154.8M $654.8M $132.8M
YoY Change 16.57% 18.84% 19.96%
Operating Profit $65.00M $189.3M $20.50M
YoY Change 217.07% 20.73% -32.12%
Interest Expense -$19.30M -$74.60M -$11.90M
YoY Change 62.18% 25.38% -23.72%
% of Operating Profit -29.69% -39.41% -58.05%
Other Income/Expense, Net $11.70M $24.30M $10.70M
YoY Change 9.35% 100.83% -171.81%
Pretax Income $57.40M $139.0M $19.30M
YoY Change 197.41% 27.06% -1584.62%
Income Tax -$17.30M $5.200M $12.80M
% Of Pretax Income -30.14% 3.74% 66.32%
Net Earnings $74.30M $131.6M $465.3M
YoY Change -84.03% -77.64% 3981.58%
Net Earnings / Revenue 7.45% 752.0% 70.65%
Basic Earnings Per Share $0.81 $1.46 $6.05
Diluted Earnings Per Share $0.81 $1.45 $6.00
COMMON SHARES
Basic Shares Outstanding 91.48M shares 90.10M shares
Diluted Shares Outstanding 90.60M shares

Balance Sheet

Concept 2020 Q4 2020 2019 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $649.5M $649.5M $864.7M
YoY Change -24.89% -24.89% 405.97%
Cash & Equivalents $649.5M $649.5M $864.7M
Short-Term Investments
Other Short-Term Assets $108.5M $108.5M $57.70M
YoY Change 88.04% 88.04% -13.1%
Inventory $327.5M $327.5M $260.9M
Prepaid Expenses
Receivables $516.6M $516.6M $330.0M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.602B $1.602B $1.513B
YoY Change 5.87% 5.87% 51.51%
LONG-TERM ASSETS
Property, Plant & Equipment $694.9M $775.8M $407.4M
YoY Change 70.57% 64.64% 5.96%
Goodwill $1.308B $685.7M
YoY Change 90.77% 7.29%
Intangibles $1.009B $469.3M
YoY Change 114.89% 11.1%
Long-Term Investments
YoY Change
Other Assets $176.0M $176.0M $133.8M
YoY Change 31.54% 31.54% -13.12%
Total Long-Term Assets $3.268B $3.268B $1.760B
YoY Change 85.7% 85.7% 2.06%
TOTAL ASSETS
Total Short-Term Assets $1.602B $1.602B $1.513B
Total Long-Term Assets $3.268B $3.268B $1.760B
Total Assets $4.871B $4.871B $3.273B
YoY Change 48.79% 48.79% 20.2%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $471.7M $471.7M $287.7M
YoY Change 63.96% 63.96% -5.67%
Accrued Expenses $285.6M $257.9M $375.4M
YoY Change -23.92% -34.94% 191.69%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $18.60M $18.60M $18.40M
YoY Change 1.09% 1.09% -5.15%
Total Short-Term Liabilities $801.0M $801.0M $702.5M
YoY Change 14.02% 14.02% 25.99%
LONG-TERM LIABILITIES
Long-Term Debt $1.854B $1.854B $1.211B
YoY Change 53.11% 53.11% -9.38%
Other Long-Term Liabilities $192.8M $363.8M $144.3M
YoY Change 33.61% 49.28% -11.04%
Total Long-Term Liabilities $2.358B $2.218B $1.518B
YoY Change 55.31% 52.47% -6.58%
TOTAL LIABILITIES
Total Short-Term Liabilities $801.0M $801.0M $702.5M
Total Long-Term Liabilities $2.358B $2.218B $1.518B
Total Liabilities $3.159B $3.173B $2.221B
YoY Change 42.25% 42.86% 1.74%
SHAREHOLDERS EQUITY
Retained Earnings $1.057B $1.001B
YoY Change 5.61% 111.71%
Common Stock $1.200M $1.200M
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $901.2M $1.043B
YoY Change -13.6% 2.4%
Treasury Stock Shares 30.90M shares 45.30M shares
Shareholders Equity $1.697B $1.697B $1.052B
YoY Change
Total Liabilities & Shareholders Equity $4.871B $4.871B $3.273B
YoY Change 48.79% 48.79% 20.2%

Cashflow Statement

Concept 2020 Q4 2020 2019 Q4
OPERATING ACTIVITIES
Net Income $74.30M $131.6M $465.3M
YoY Change -84.03% -77.64% 3981.58%
Depreciation, Depletion And Amortization $37.00M $111.8M $19.10M
YoY Change 93.72% 27.77% -13.57%
Cash From Operating Activities $152.9M $221.6M $102.2M
YoY Change 49.61% -26.33% 23.43%
INVESTING ACTIVITIES
Capital Expenditures -$25.10M $63.70M -$33.80M
YoY Change -25.74% -22.03% 36.29%
Acquisitions $1.380B
YoY Change 1054.01%
Other Investing Activities -$37.50M -$5.200M $807.9M
YoY Change -104.64% -89.88% 201875.0%
Cash From Investing Activities -$62.60M -$1.432B $774.1M
YoY Change -108.09% -333.96% -3272.54%
FINANCING ACTIVITIES
Cash Dividend Paid $71.30M
YoY Change 18.24%
Common Stock Issuance & Retirement, Net -$473.7M
YoY Change -1860.97%
Debt Paid & Issued, Net $6.500M
YoY Change 0.0%
Cash From Financing Activities -29.50M $982.0M -212.5M
YoY Change -86.12% -549.84% 226.42%
NET CHANGE
Cash From Operating Activities 152.9M $221.6M 102.2M
Cash From Investing Activities -62.60M -$1.432B 774.1M
Cash From Financing Activities -29.50M $982.0M -212.5M
Net Change In Cash 60.80M -$215.2M 663.8M
YoY Change -90.84% -131.02% -10007.46%
FREE CASH FLOW
Cash From Operating Activities $152.9M $221.6M $102.2M
Capital Expenditures -$25.10M $63.70M -$33.80M
Free Cash Flow $178.0M $157.9M $136.0M
YoY Change 30.88% -27.93% 26.39%

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<div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions in certain circumstances that affect amounts reported in the accompanying consolidated financial statements and notes. Actual results could differ from these estimates.</span></div>
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51900000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
51600000 USD
CY2020 us-gaap Restructuring Charges
RestructuringCharges
19600000 USD
CY2020Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1891900000 USD
CY2020Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
19300000 USD
CY2020Q4 us-gaap Long Term Debt
LongTermDebt
1872600000 USD
CY2020Q4 avnt Long Term Debt Current Maturities Principal Amount
LongTermDebtCurrentMaturitiesPrincipalAmount
18600000 USD
CY2020Q4 avnt Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Current
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsCurrent
0 USD
CY2020Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
18600000 USD
CY2020Q4 avnt Long Term Debt Excluding Current Maturities Principal Amount
LongTermDebtExcludingCurrentMaturitiesPrincipalAmount
1873300000 USD
CY2020Q4 avnt Debt Instrument Unamortized Discount Premiumand Debt Issuance Costs Noncurrent
DebtInstrumentUnamortizedDiscountPremiumandDebtIssuanceCostsNoncurrent
19300000 USD
CY2020Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
1854000000.0 USD
CY2019Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1242800000 USD
CY2019Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
13500000 USD
CY2019Q4 us-gaap Long Term Debt
LongTermDebt
1229300000 USD
CY2019Q4 avnt Long Term Debt Current Maturities Principal Amount
LongTermDebtCurrentMaturitiesPrincipalAmount
18400000 USD
CY2019Q4 avnt Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Current
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsCurrent
0 USD
CY2019Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
18400000 USD
CY2019Q4 avnt Long Term Debt Excluding Current Maturities Principal Amount
LongTermDebtExcludingCurrentMaturitiesPrincipalAmount
1224400000 USD
CY2019Q4 avnt Debt Instrument Unamortized Discount Premiumand Debt Issuance Costs Noncurrent
DebtInstrumentUnamortizedDiscountPremiumandDebtIssuanceCostsNoncurrent
13500000 USD
CY2019Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
1210900000 USD
CY2020 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
6500000 USD
CY2020Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
1955900000 USD
CY2019Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
1271800000 USD
CY2020Q4 us-gaap Long Term Debt
LongTermDebt
1872600000 USD
CY2019Q4 us-gaap Long Term Debt
LongTermDebt
1229300000 USD
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
18600000 USD
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
8500000 USD
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
608700000 USD
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
8600000 USD
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
658700000 USD
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
588800000 USD
CY2020Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1891900000 USD
CY2020 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
19900000 USD
CY2019 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
11000000.0 USD
CY2018 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
3100000 USD
CY2020 us-gaap Interest Expense Borrowings
InterestExpenseBorrowings
70800000 USD
CY2019 us-gaap Interest Expense Borrowings
InterestExpenseBorrowings
67000000.0 USD
CY2018 us-gaap Interest Expense Borrowings
InterestExpenseBorrowings
61000000.0 USD
CY2020 us-gaap Operating Lease Cost
OperatingLeaseCost
31000000.0 USD
CY2019 us-gaap Operating Lease Cost
OperatingLeaseCost
24000000.0 USD
CY2020Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P5Y4M24D
CY2019Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y
CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
10500000 USD
CY2019 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
11300000 USD
CY2020Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.039
CY2019Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.079
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
28000000.0 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
16000000.0 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
21400000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
15000000.0 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
8700000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
4700000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
13300000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
91100000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
10000000.0 USD
CY2020Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
81100000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
24000000.0 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
11300000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
8100000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
4500000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
7800000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
71700000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
7900000 USD
CY2019Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
8000000.0 USD
CY2019Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
63800000 USD
CY2020Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
171700000 USD
CY2019Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
157600000 USD
CY2020Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
16600000 USD
CY2020Q4 us-gaap Inventory Raw Materials And Supplies Net Of Reserves
InventoryRawMaterialsAndSuppliesNetOfReserves
139200000 USD
CY2019Q4 us-gaap Inventory Raw Materials And Supplies Net Of Reserves
InventoryRawMaterialsAndSuppliesNetOfReserves
95300000 USD
CY2020Q4 us-gaap Inventory Net
InventoryNet
327500000 USD
CY2019Q4 us-gaap Inventory Net
InventoryNet
260900000 USD
CY2020Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1377400000 USD
CY2019Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1013500000 USD
CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
682500000 USD
CY2019Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
606100000 USD
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
694900000 USD
CY2019Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
407400000 USD
CY2020 us-gaap Depreciation
Depreciation
68200000 USD
CY2019 us-gaap Depreciation
Depreciation
48600000 USD
CY2018 us-gaap Depreciation
Depreciation
47100000 USD
CY2020Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
192800000 USD
CY2019Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
144300000 USD
CY2020Q4 avnt Remeasurement Gain Loss Net On Pension Plans
RemeasurementGainLossNetOnPensionPlans
-17200000 USD
CY2019Q4 avnt Remeasurement Gain Loss Net On Pension Plans
RemeasurementGainLossNetOnPensionPlans
9600000 USD
CY2018Q4 avnt Remeasurement Gain Loss Net On Pension Plans
RemeasurementGainLossNetOnPensionPlans
15600000 USD
CY2020 avnt Remeasurement Gain Loss Net On Pension Plans
RemeasurementGainLossNetOnPensionPlans
17200000 USD
CY2019Q4 us-gaap Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Discount Rate
DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationDiscountRate
0.0319
CY2020Q4 us-gaap Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Discount Rate
DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationDiscountRate
0.0295
CY2020 avnt Remeasurement Gain Loss Net On Pension Plans
RemeasurementGainLossNetOnPensionPlans
17200000 USD
CY2020 us-gaap Defined Benefit Plan Recognized Net Gain Loss Due To Settlements1
DefinedBenefitPlanRecognizedNetGainLossDueToSettlements1
1100000 USD
CY2019 avnt Remeasurement Gain Loss Net On Pension Plans
RemeasurementGainLossNetOnPensionPlans
9600000 USD
CY2018Q4 us-gaap Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Discount Rate
DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationDiscountRate
0.0411
CY2019Q4 us-gaap Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Discount Rate
DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationDiscountRate
0.0319
CY2018 avnt Remeasurement Gain Loss Net On Pension Plans
RemeasurementGainLossNetOnPensionPlans
15600000 USD
CY2017Q4 us-gaap Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Discount Rate
DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationDiscountRate
0.0362
CY2018Q4 us-gaap Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Discount Rate
DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationDiscountRate
0.0411
CY2020Q4 avnt Defined Benefit Plan Plan Assets Not Transferred Plan Receivable
DefinedBenefitPlanPlanAssetsNotTransferredPlanReceivable
16800000 USD
CY2019Q4 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
112000000.0 USD
CY2020 avnt Defined Contribution Plan Employer Matching Contributions
DefinedContributionPlanEmployerMatchingContributions
9900000 USD
CY2019 avnt Defined Contribution Plan Employer Matching Contributions
DefinedContributionPlanEmployerMatchingContributions
10400000 USD
CY2018 avnt Defined Contribution Plan Employer Matching Contributions
DefinedContributionPlanEmployerMatchingContributions
10100000 USD
CY2020 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
600000 USD
CY2019 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
0 USD
CY2018 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
0 USD
CY2020 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
10500000 USD
CY2019 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
10400000 USD
CY2018 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
10100000 USD
CY2020Q1 avnt Accrual For Environmental Loss Contingencies Number Of Companies Negotiating Consent Decree
AccrualForEnvironmentalLossContingenciesNumberOfCompaniesNegotiatingConsentDecree
3 company
CY2020Q4 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
119700000 USD
CY2020 us-gaap Accrual For Environmental Loss Contingencies Payments1
AccrualForEnvironmentalLossContingenciesPayments1
12700000 USD
CY2019 us-gaap Accrual For Environmental Loss Contingencies Payments1
AccrualForEnvironmentalLossContingenciesPayments1
10300000 USD
CY2019Q4 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
112000000.0 USD
CY2018Q4 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
111900000 USD
CY2017Q4 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
114800000 USD
CY2020 us-gaap Accrual For Environmental Loss Contingencies Charges To Expense For New Losses
AccrualForEnvironmentalLossContingenciesChargesToExpenseForNewLosses
20400000 USD
CY2019 us-gaap Accrual For Environmental Loss Contingencies Charges To Expense For New Losses
AccrualForEnvironmentalLossContingenciesChargesToExpenseForNewLosses
10200000 USD
CY2018 us-gaap Accrual For Environmental Loss Contingencies Charges To Expense For New Losses
AccrualForEnvironmentalLossContingenciesChargesToExpenseForNewLosses
23100000 USD
CY2018 us-gaap Accrual For Environmental Loss Contingencies Payments1
AccrualForEnvironmentalLossContingenciesPayments1
26000000.0 USD
CY2020 us-gaap Accrual For Environmental Loss Contingencies Foreign Currency Translation Gain Loss
AccrualForEnvironmentalLossContingenciesForeignCurrencyTranslationGainLoss
0 USD
CY2019 us-gaap Accrual For Environmental Loss Contingencies Foreign Currency Translation Gain Loss
AccrualForEnvironmentalLossContingenciesForeignCurrencyTranslationGainLoss
200000 USD
CY2018 us-gaap Accrual For Environmental Loss Contingencies Foreign Currency Translation Gain Loss
AccrualForEnvironmentalLossContingenciesForeignCurrencyTranslationGainLoss
0 USD
CY2020Q4 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
119700000 USD
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
139000000.0 USD
CY2019Q4 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
112000000.0 USD
CY2018Q4 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
111900000 USD
CY2020 us-gaap Insurance Recoveries
InsuranceRecoveries
8700000 USD
CY2019 us-gaap Insurance Recoveries
InsuranceRecoveries
4500000 USD
CY2018 us-gaap Insurance Recoveries
InsuranceRecoveries
4300000 USD
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
19600000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
41200000 USD
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
4100000 USD
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
119400000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
68200000 USD
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
97700000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
109400000 USD
CY2019 avnt Effective Income Tax Rate Reconciliation Global Intangible Low Taxed Income And Fdii Percent
EffectiveIncomeTaxRateReconciliationGlobalIntangibleLowTaxedIncomeAndFDIIPercent
-0.001
CY2018 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
22000000.0 USD
CY2020 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
6900000 USD
CY2019 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
46700000 USD
CY2018 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
21600000 USD
CY2020 us-gaap Deferred Federal State And Local Tax Expense Benefit
DeferredFederalStateAndLocalTaxExpenseBenefit
17200000 USD
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
101800000 USD
CY2020 us-gaap Current Federal State And Local Tax Expense Benefit
CurrentFederalStateAndLocalTaxExpenseBenefit
-25800000 USD
CY2019 us-gaap Current Federal State And Local Tax Expense Benefit
CurrentFederalStateAndLocalTaxExpenseBenefit
24800000 USD
CY2018 us-gaap Current Federal State And Local Tax Expense Benefit
CurrentFederalStateAndLocalTaxExpenseBenefit
-400000 USD
CY2020 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
32700000 USD
CY2019 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
21900000 USD
CY2019 us-gaap Deferred Federal State And Local Tax Expense Benefit
DeferredFederalStateAndLocalTaxExpenseBenefit
-12500000 USD
CY2018 us-gaap Deferred Federal State And Local Tax Expense Benefit
DeferredFederalStateAndLocalTaxExpenseBenefit
11100000 USD
CY2018 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2020 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-18900000 USD
CY2019 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-500000 USD
CY2018 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-18300000 USD
CY2020 avnt Deferred Income Expensefrom Continuing Operations
DeferredIncomeExpensefromContinuingOperations
-1700000 USD
CY2019 avnt Deferred Income Expensefrom Continuing Operations
DeferredIncomeExpensefromContinuingOperations
-13000000.0 USD
CY2018 avnt Deferred Income Expensefrom Continuing Operations
DeferredIncomeExpensefromContinuingOperations
-7200000 USD
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
5200000 USD
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
33700000 USD
CY2018 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
14400000 USD
CY2020 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2019 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2020 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.027
CY2019 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.089
CY2018 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.121
CY2020 avnt Effective Income Tax Rate Reconciliation Global Intangible Low Taxed Income And Fdii Percent
EffectiveIncomeTaxRateReconciliationGlobalIntangibleLowTaxedIncomeAndFDIIPercent
0.031
CY2020 us-gaap Effective Income Tax Rate Reconciliation Tax Cuts And Jobs Act Of2017 Transition Tax On Accumulated Foreign Earnings Percent
EffectiveIncomeTaxRateReconciliationTaxCutsAndJobsActOf2017TransitionTaxOnAccumulatedForeignEarningsPercent
0
CY2019 us-gaap Effective Income Tax Rate Reconciliation Tax Cuts And Jobs Act Of2017 Transition Tax On Accumulated Foreign Earnings Percent
EffectiveIncomeTaxRateReconciliationTaxCutsAndJobsActOf2017TransitionTaxOnAccumulatedForeignEarningsPercent
0.002
CY2019 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Life Insurance
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseLifeInsurance
0.060
CY2018 us-gaap Effective Income Tax Rate Reconciliation Tax Cuts And Jobs Act Of2017 Transition Tax On Accumulated Foreign Earnings Percent
EffectiveIncomeTaxRateReconciliationTaxCutsAndJobsActOf2017TransitionTaxOnAccumulatedForeignEarningsPercent
-0.033
CY2018 avnt Effective Income Tax Rate Reconciliation Global Intangible Low Taxed Income And Fdii Percent
EffectiveIncomeTaxRateReconciliationGlobalIntangibleLowTaxedIncomeAndFDIIPercent
0.029
CY2020 us-gaap Effective Income Tax Rate Reconciliation Repatriation Of Foreign Earnings
EffectiveIncomeTaxRateReconciliationRepatriationOfForeignEarnings
0.020
CY2019 us-gaap Effective Income Tax Rate Reconciliation Repatriation Of Foreign Earnings
EffectiveIncomeTaxRateReconciliationRepatriationOfForeignEarnings
0.016
CY2018 us-gaap Effective Income Tax Rate Reconciliation Repatriation Of Foreign Earnings
EffectiveIncomeTaxRateReconciliationRepatriationOfForeignEarnings
0.094
CY2020 avnt Effective Income Tax Rate Reconciliation Nondeductible Expense Contingent Consideration Percent
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseContingentConsiderationPercent
0.018
CY2019 avnt Effective Income Tax Rate Reconciliation Nondeductible Expense Contingent Consideration Percent
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseContingentConsiderationPercent
0.028
CY2018 avnt Effective Income Tax Rate Reconciliation Nondeductible Expense Contingent Consideration Percent
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseContingentConsiderationPercent
0.002
CY2020 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Life Insurance
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseLifeInsurance
0
CY2018 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Life Insurance
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseLifeInsurance
0
CY2020 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
EffectiveIncomeTaxRateReconciliationTaxCreditsResearch
0.021
CY2019 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
EffectiveIncomeTaxRateReconciliationTaxCreditsResearch
0.028
CY2018 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
EffectiveIncomeTaxRateReconciliationTaxCreditsResearch
0.008
CY2020 us-gaap Effective Income Tax Rate Reconciliation Deductions Qualified Production Activities
EffectiveIncomeTaxRateReconciliationDeductionsQualifiedProductionActivities
0
CY2019 us-gaap Effective Income Tax Rate Reconciliation Deductions Qualified Production Activities
EffectiveIncomeTaxRateReconciliationDeductionsQualifiedProductionActivities
0
CY2018 us-gaap Effective Income Tax Rate Reconciliation Deductions Qualified Production Activities
EffectiveIncomeTaxRateReconciliationDeductionsQualifiedProductionActivities
0.011
CY2020 avnt Effective Income Tax Rate Reconciliation Investments In Foreign Subsidiaries Percent
EffectiveIncomeTaxRateReconciliationInvestmentsInForeignSubsidiariesPercent
-0.131
CY2019 avnt Effective Income Tax Rate Reconciliation Investments In Foreign Subsidiaries Percent
EffectiveIncomeTaxRateReconciliationInvestmentsInForeignSubsidiariesPercent
0
CY2018 avnt Effective Income Tax Rate Reconciliation Investments In Foreign Subsidiaries Percent
EffectiveIncomeTaxRateReconciliationInvestmentsInForeignSubsidiariesPercent
0
CY2020 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
-0.034
CY2019 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.042
CY2018 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.023
CY2020 avnt Effective Income Tax Rate Reconciliation Foreign Permanent Items Percent
EffectiveIncomeTaxRateReconciliationForeignPermanentItemsPercent
-0.052
CY2019 avnt Effective Income Tax Rate Reconciliation Foreign Permanent Items Percent
EffectiveIncomeTaxRateReconciliationForeignPermanentItemsPercent
0.075
CY2018 avnt Effective Income Tax Rate Reconciliation Foreign Permanent Items Percent
EffectiveIncomeTaxRateReconciliationForeignPermanentItemsPercent
-0.016
CY2020 avnt Effective Income Tax Rate Reconciliation Uncertain Tax Positions Percent
EffectiveIncomeTaxRateReconciliationUncertainTaxPositionsPercent
0.010
CY2019 avnt Effective Income Tax Rate Reconciliation Uncertain Tax Positions Percent
EffectiveIncomeTaxRateReconciliationUncertainTaxPositionsPercent
-0.024
CY2018 avnt Effective Income Tax Rate Reconciliation Uncertain Tax Positions Percent
EffectiveIncomeTaxRateReconciliationUncertainTaxPositionsPercent
-0.006
CY2020 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.005
CY2019 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.017
CY2018 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.034
CY2020 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.008
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