2021 Q4 Form 10-K Financial Statement

#000112297622000007 Filed on February 22, 2022

View on sec.gov

Income Statement

Concept 2021 Q4 2021 2020 Q4
Revenue $1.202B $11.00M $997.0M
YoY Change 20.51% -37.14% 51.38%
Cost Of Revenue $947.8M $3.719B $738.8M
YoY Change 28.29% 51.32% 47.38%
Gross Profit $253.7M $1.100B $252.9M
YoY Change 0.32% 40.2% 64.97%
Gross Profit Margin 21.12% 9996.36% 25.37%
Selling, General & Admin $179.1M $718.4M $154.8M
YoY Change 15.7% 20.74% 16.57%
% of Gross Profit 70.6% 65.33% 61.21%
Research & Development $83.20M
YoY Change 39.13%
% of Gross Profit 7.57%
Depreciation & Amortization $38.40M $144.2M $37.00M
YoY Change 3.78% 28.98% 93.72%
% of Gross Profit 15.14% 13.11% 14.63%
Operating Expenses $179.1M $801.6M $154.8M
YoY Change 15.7% 22.42% 16.57%
Operating Profit $74.60M $381.2M $65.00M
YoY Change 14.77% 101.37% 217.07%
Interest Expense -$17.50M -$75.30M -$19.30M
YoY Change -9.33% 0.94% 62.18%
% of Operating Profit -23.46% -19.75% -29.69%
Other Income/Expense, Net -$5.400M -$1.300M $11.70M
YoY Change -146.15% -105.35% 9.35%
Pretax Income $51.10M $304.6M $57.40M
YoY Change -10.98% 119.14% 197.41%
Income Tax $22.20M $74.00M -$17.30M
% Of Pretax Income 43.44% 24.29% -30.14%
Net Earnings $29.80M $230.8M $74.30M
YoY Change -59.89% 75.38% -84.03%
Net Earnings / Revenue 2.48% 2098.18% 7.45%
Basic Earnings Per Share $2.53 $0.81
Diluted Earnings Per Share $323.6K $2.51 $0.81
COMMON SHARES
Basic Shares Outstanding 91.40M shares 91.48M shares
Diluted Shares Outstanding 92.10M shares

Balance Sheet

Concept 2021 Q4 2021 2020 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $601.2M $601.2M $649.5M
YoY Change -7.44% -7.44% -24.89%
Cash & Equivalents $601.2M $601.2M $649.5M
Short-Term Investments
Other Short-Term Assets $122.4M $122.4M $108.5M
YoY Change 12.81% 12.81% 88.04%
Inventory $461.1M $461.1M $327.5M
Prepaid Expenses
Receivables $642.3M $642.3M $516.6M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.827B $1.827B $1.602B
YoY Change 14.04% 14.04% 5.87%
LONG-TERM ASSETS
Property, Plant & Equipment $676.1M $750.2M $694.9M
YoY Change -2.71% -3.3% 70.57%
Goodwill $1.286B $1.308B
YoY Change -1.66% 90.77%
Intangibles $925.2M $1.009B
YoY Change -8.26% 114.89%
Long-Term Investments
YoY Change
Other Assets $208.4M $208.4M $176.0M
YoY Change 18.41% 18.41% 31.54%
Total Long-Term Assets $3.170B $3.170B $3.268B
YoY Change -3.0% -3.0% 85.7%
TOTAL ASSETS
Total Short-Term Assets $1.827B $1.827B $1.602B
Total Long-Term Assets $3.170B $3.170B $3.268B
Total Assets $4.997B $4.997B $4.871B
YoY Change 2.6% 2.6% 48.79%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $553.9M $553.9M $471.7M
YoY Change 17.43% 17.43% 63.96%
Accrued Expenses $353.9M $315.7M $285.6M
YoY Change 23.91% 22.41% -23.92%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $8.600M $8.600M $18.60M
YoY Change -53.76% -53.76% 1.09%
Total Short-Term Liabilities $940.6M $940.6M $801.0M
YoY Change 17.43% 17.43% 14.02%
LONG-TERM LIABILITIES
Long-Term Debt $1.850B $1.850B $1.854B
YoY Change -0.2% -0.2% 53.11%
Other Long-Term Liabilities $165.1M $315.2M $192.8M
YoY Change -14.37% -13.36% 33.61%
Total Long-Term Liabilities $2.266B $2.166B $2.358B
YoY Change -3.89% -2.36% 55.31%
TOTAL LIABILITIES
Total Short-Term Liabilities $940.6M $940.6M $801.0M
Total Long-Term Liabilities $2.266B $2.166B $2.358B
Total Liabilities $3.207B $3.223B $3.159B
YoY Change 1.52% 1.55% 42.25%
SHAREHOLDERS EQUITY
Retained Earnings $1.208B $1.057B
YoY Change 14.24% 5.61%
Common Stock $1.200M $1.200M
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $900.7M $901.2M
YoY Change -0.06% -13.6%
Treasury Stock Shares 30.60M shares 30.90M shares
Shareholders Equity $1.775B $1.775B $1.697B
YoY Change
Total Liabilities & Shareholders Equity $4.997B $4.997B $4.871B
YoY Change 2.6% 2.6% 48.79%

Cashflow Statement

Concept 2021 Q4 2021 2020 Q4
OPERATING ACTIVITIES
Net Income $29.80M $230.8M $74.30M
YoY Change -59.89% 75.38% -84.03%
Depreciation, Depletion And Amortization $38.40M $144.2M $37.00M
YoY Change 3.78% 28.98% 93.72%
Cash From Operating Activities $123.8M $233.8M $152.9M
YoY Change -19.03% 5.51% 49.61%
INVESTING ACTIVITIES
Capital Expenditures -$37.90M $100.6M -$25.10M
YoY Change 51.0% 57.93% -25.74%
Acquisitions $47.60M
YoY Change -96.55%
Other Investing Activities $0.00 $2.000M -$37.50M
YoY Change -100.0% -138.46% -104.64%
Cash From Investing Activities -$37.90M -$150.2M -$62.60M
YoY Change -39.46% -89.51% -108.09%
FINANCING ACTIVITIES
Cash Dividend Paid $77.70M
YoY Change 8.98%
Common Stock Issuance & Retirement, Net $4.200M
YoY Change -100.89%
Debt Paid & Issued, Net $6.500M
YoY Change 0.0%
Cash From Financing Activities -23.10M -$114.6M -29.50M
YoY Change -21.69% -111.67% -86.12%
NET CHANGE
Cash From Operating Activities 123.8M $233.8M 152.9M
Cash From Investing Activities -37.90M -$150.2M -62.60M
Cash From Financing Activities -23.10M -$114.6M -29.50M
Net Change In Cash 62.80M -$48.30M 60.80M
YoY Change 3.29% -77.56% -90.84%
FREE CASH FLOW
Cash From Operating Activities $123.8M $233.8M $152.9M
Capital Expenditures -$37.90M $100.6M -$25.10M
Free Cash Flow $161.7M $133.2M $178.0M
YoY Change -9.16% -15.64% 30.88%

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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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1858900000 USD
CY2021Q4 avnt Long Term Debt Current Maturities Principal Amount
LongTermDebtCurrentMaturitiesPrincipalAmount
8600000 USD
CY2021Q4 avnt Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Current
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsCurrent
0 USD
CY2021Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
8600000 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 USD
CY2021 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
6500000 USD
CY2021Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
1917700000 USD
CY2020Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
1955900000 USD
CY2021Q4 us-gaap Long Term Debt
LongTermDebt
1858900000 USD
CY2020Q4 us-gaap Long Term Debt
LongTermDebt
1872600000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
8600000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
608600000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
8600000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
658700000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
6900000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
581900000 USD
CY2021Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1873300000 USD
CY2020 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
17500000 USD
CY2019 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
19900000 USD
CY2021 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
11000000 USD
CY2021 us-gaap Interest Expense Borrowings
InterestExpenseBorrowings
72600000 USD
CY2020 us-gaap Interest Expense Borrowings
InterestExpenseBorrowings
61100000 USD
CY2019 us-gaap Interest Expense Borrowings
InterestExpenseBorrowings
67000000 USD
CY2021 us-gaap Operating Lease Cost
OperatingLeaseCost
34400000 USD
CY2020 us-gaap Operating Lease Cost
OperatingLeaseCost
33300000 USD
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y8M12D
CY2020Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P5Y4M24D
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
18300000 USD
CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
10500000 USD
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.037
CY2020Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.039
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
26300000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
19800000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
12600000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
7700000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
4600000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
10300000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
81300000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
7000000.0 USD
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
74300000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
28000000.0 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
CY2021Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
244400000 USD
CY2020Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
171700000 USD
CY2021Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
21200000 USD
CY2020Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
16600000 USD
CY2021Q4 us-gaap Inventory Raw Materials And Supplies Net Of Reserves
InventoryRawMaterialsAndSuppliesNetOfReserves
195500000 USD
CY2020Q4 us-gaap Inventory Raw Materials And Supplies Net Of Reserves
InventoryRawMaterialsAndSuppliesNetOfReserves
139200000 USD
CY2021Q4 us-gaap Inventory Net
InventoryNet
461100000 USD
CY2020Q4 us-gaap Inventory Net
InventoryNet
327500000 USD
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1414400000 USD
CY2020Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1377400000 USD
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
738300000 USD
CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
682500000 USD
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
676100000 USD
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
694900000 USD
CY2021 us-gaap Depreciation
Depreciation
84900000 USD
CY2020 us-gaap Depreciation
Depreciation
68200000 USD
CY2019 us-gaap Depreciation
Depreciation
48600000 USD
CY2021Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
165100000 USD
CY2020Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
192800000 USD
CY2021 avnt Remeasurement Gain Loss Net On Pension Plans
RemeasurementGainLossNetOnPensionPlans
9400000 USD
CY2020Q4 us-gaap Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Discount Rate
DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationDiscountRate
0.0247
CY2021Q4 us-gaap Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Discount Rate
DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationDiscountRate
0.0269
CY2020 avnt Remeasurement Gain Loss Net On Pension Plans
RemeasurementGainLossNetOnPensionPlans
17200000 USD
CY2020Q2 us-gaap Defined Benefit Plan Recognized Net Gain Loss Due To Settlements1
DefinedBenefitPlanRecognizedNetGainLossDueToSettlements1
1100000 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
0.0247
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
CY2021 avnt Defined Contribution Plan Employer Matching Contributions
DefinedContributionPlanEmployerMatchingContributions
10700000 USD
CY2020 avnt Defined Contribution Plan Employer Matching Contributions
DefinedContributionPlanEmployerMatchingContributions
9900000 USD
CY2019 avnt Defined Contribution Plan Employer Matching Contributions
DefinedContributionPlanEmployerMatchingContributions
10400000 USD
CY2021 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
0 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
CY2021 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
10700000 USD
CY2019 us-gaap Accrual For Environmental Loss Contingencies Payments1
AccrualForEnvironmentalLossContingenciesPayments1
10300000 USD
CY2020 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
10500000 USD
CY2019 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
10400000 USD
CY2020Q1 avnt Accrual For Environmental Loss Contingencies Number Of Companies Negotiating Consent Decree
AccrualForEnvironmentalLossContingenciesNumberOfCompaniesNegotiatingConsentDecree
3 company
CY2021Q4 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
124500000 USD
CY2020Q4 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
119700000 USD
CY2020Q4 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
119700000 USD
CY2019Q4 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
112000000.0 USD
CY2018Q4 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
111900000 USD
CY2021 us-gaap Accrual For Environmental Loss Contingencies Charges To Expense For New Losses
AccrualForEnvironmentalLossContingenciesChargesToExpenseForNewLosses
23000000.0 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
CY2021 us-gaap Accrual For Environmental Loss Contingencies Payments1
AccrualForEnvironmentalLossContingenciesPayments1
18200000 USD
CY2020 us-gaap Accrual For Environmental Loss Contingencies Payments1
AccrualForEnvironmentalLossContingenciesPayments1
12700000 USD
CY2021 us-gaap Accrual For Environmental Loss Contingencies Foreign Currency Translation Gain Loss
AccrualForEnvironmentalLossContingenciesForeignCurrencyTranslationGainLoss
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
CY2021Q4 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
124500000 USD
CY2020Q4 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
119700000 USD
CY2019Q4 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
112000000.0 USD
CY2021 us-gaap Insurance Recoveries
InsuranceRecoveries
4500000 USD
CY2020 us-gaap Insurance Recoveries
InsuranceRecoveries
8700000 USD
CY2019 us-gaap Insurance Recoveries
InsuranceRecoveries
4500000 USD
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
74200000 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
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
230400000 USD
CY2019 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
EffectiveIncomeTaxRateReconciliationTaxCreditsResearch
0.028
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
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
304600000 USD
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
139000000.0 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
109400000 USD
CY2021 us-gaap Current Federal State And Local Tax Expense Benefit
CurrentFederalStateAndLocalTaxExpenseBenefit
49000000.0 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
CY2021 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
52300000 USD
CY2020 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
32700000 USD
CY2019 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
21900000 USD
CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
101300000 USD
CY2020 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-18900000 USD
CY2019 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-500000 USD
CY2021 avnt Deferred Income Expensefrom Continuing Operations
DeferredIncomeExpensefromContinuingOperations
-27300000 USD
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
5200000 USD
CY2020 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
6900000 USD
CY2019 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
46700000 USD
CY2021 us-gaap Deferred Federal State And Local Tax Expense Benefit
DeferredFederalStateAndLocalTaxExpenseBenefit
-31500000 USD
CY2020 us-gaap Deferred Federal State And Local Tax Expense Benefit
DeferredFederalStateAndLocalTaxExpenseBenefit
17200000 USD
CY2019 us-gaap Deferred Federal State And Local Tax Expense Benefit
DeferredFederalStateAndLocalTaxExpenseBenefit
-12500000 USD
CY2021 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
4200000 USD
CY2020 avnt Deferred Income Expensefrom Continuing Operations
DeferredIncomeExpensefromContinuingOperations
-1700000 USD
CY2019 avnt Deferred Income Expensefrom Continuing Operations
DeferredIncomeExpensefromContinuingOperations
-13000000.0 USD
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
74000000.0 USD
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
33700000 USD
CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
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 Tax Credits Research
EffectiveIncomeTaxRateReconciliationTaxCreditsResearch
0.021
CY2021 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.002
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
CY2021 avnt Effective Income Tax Rate Reconciliation Global Intangible Low Taxed Income And Fdii Percent
EffectiveIncomeTaxRateReconciliationGlobalIntangibleLowTaxedIncomeAndFDIIPercent
-0.017
CY2020 avnt Effective Income Tax Rate Reconciliation Global Intangible Low Taxed Income And Fdii Percent
EffectiveIncomeTaxRateReconciliationGlobalIntangibleLowTaxedIncomeAndFDIIPercent
0.031
CY2019 avnt Effective Income Tax Rate Reconciliation Global Intangible Low Taxed Income And Fdii Percent
EffectiveIncomeTaxRateReconciliationGlobalIntangibleLowTaxedIncomeAndFDIIPercent
-0.001
CY2021 us-gaap Effective Income Tax Rate Reconciliation Repatriation Of Foreign Earnings
EffectiveIncomeTaxRateReconciliationRepatriationOfForeignEarnings
0.014
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
CY2021 avnt Effective Income Tax Rate Reconciliation Nondeductible Expense Contingent Consideration Percent
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseContingentConsiderationPercent
0.001
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
CY2021 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Life Insurance
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseLifeInsurance
0
CY2020 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Life Insurance
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseLifeInsurance
0
CY2019 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Life Insurance
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseLifeInsurance
0.060
CY2021 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
EffectiveIncomeTaxRateReconciliationTaxCreditsResearch
0.008
CY2021 avnt Effective Income Tax Rate Reconciliation Tax Credit Capital Losses Percent
EffectiveIncomeTaxRateReconciliationTaxCreditCapitalLossesPercent
-0.004
CY2020 avnt Effective Income Tax Rate Reconciliation Tax Credit Capital Losses Percent
EffectiveIncomeTaxRateReconciliationTaxCreditCapitalLossesPercent
-0.131
CY2019 avnt Effective Income Tax Rate Reconciliation Tax Credit Capital Losses Percent
EffectiveIncomeTaxRateReconciliationTaxCreditCapitalLossesPercent
0
CY2021 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.014
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
CY2021 avnt Effective Income Tax Rate Reconciliation Foreign Permanent Items Percent
EffectiveIncomeTaxRateReconciliationForeignPermanentItemsPercent
0.002
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
CY2021 avnt Effective Income Tax Rate Reconciliation Uncertain Tax Positions Percent
EffectiveIncomeTaxRateReconciliationUncertainTaxPositionsPercent
0.007
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
CY2021 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.017
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
CY2021 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.009
CY2020 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.008
CY2019 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.002
CY2021 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.243
CY2020 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.037
CY2019 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.308
CY2021 avnt Effective Income Tax Rate Reconciliation Global Intangible Low Taxed Income And Fdii Amount
EffectiveIncomeTaxRateReconciliationGlobalIntangibleLowTaxedIncomeAndFDIIAmount
5500000 USD
CY2021 avnt Effective Income Tax Rate Reconciliation Global Intangible Low Taxed Income And Fdii Percent
EffectiveIncomeTaxRateReconciliationGlobalIntangibleLowTaxedIncomeAndFDIIPercent
-0.017
CY2021 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
4200000 USD
CY2021 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.014
CY2021 avnt Effective Income Tax Rate Reconciliation Foreign Permanent Items Favorable Amount
EffectiveIncomeTaxRateReconciliationForeignPermanentItemsFavorableAmount
600000 USD
CY2021 avnt Effective Income Tax Rate Reconciliation Foreign Permanent Items Favorable Percent
EffectiveIncomeTaxRateReconciliationForeignPermanentItemsFavorablePercent
0.002
CY2020 avnt Effective Income Tax Rate Reconciliation Investments In Foreign Subsidiaries Tax Benefit Amount
EffectiveIncomeTaxRateReconciliationInvestmentsInForeignSubsidiariesTaxBenefitAmount
18200000 USD
CY2020 avnt Effective Income Tax Rate Reconciliation Investments In Foreign Subsidiaries Percent
EffectiveIncomeTaxRateReconciliationInvestmentsInForeignSubsidiariesPercent
-0.131
CY2020 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
4700000 USD
CY2020 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
-0.034
CY2020 avnt Effective Income Tax Rate Reconciliation Foreign Permanent Items Favorable Amount
EffectiveIncomeTaxRateReconciliationForeignPermanentItemsFavorableAmount
7200000 USD
CY2020 avnt Effective Income Tax Rate Reconciliation Foreign Permanent Items Favorable Percent
EffectiveIncomeTaxRateReconciliationForeignPermanentItemsFavorablePercent
0.052
CY2019 avnt Effective Income Tax Rate Reconciliation Foreign Permanent Items Unfavorable Amount
EffectiveIncomeTaxRateReconciliationForeignPermanentItemsUnfavorableAmount
10300000 USD
CY2019 avnt Effective Income Tax Rate Reconciliation Foreign Permanent Items Unfavorable Percent
EffectiveIncomeTaxRateReconciliationForeignPermanentItemsUnfavorablePercent
0.094
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CY2019Q4 us-gaap Unrecognized Tax Benefits
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CY2018Q4 us-gaap Unrecognized Tax Benefits
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CY2021 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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CY2021 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
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CY2020 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
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CY2019 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
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400000 USD
CY2021 us-gaap Unrecognized Tax Benefits Increases Resulting From Acquisition
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5400000 USD
CY2020 us-gaap Unrecognized Tax Benefits Increases Resulting From Acquisition
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1500000 USD
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1100000 USD
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700000 USD
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10900000 USD
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4000 grade_resin
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6500 injectionMoldersAndExtruders
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694900000 USD

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