2023 Q1 Form 10-K Financial Statement

#000112297623000009 Filed on February 22, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $845.7M $790.4M $3.397B
YoY Change -34.63% -34.22% 30780.91%
Cost Of Revenue $598.1M $587.0M $2.514B
YoY Change -40.2% -38.07% -32.4%
Gross Profit $247.6M $203.4M $882.7M
YoY Change -15.7% -19.83% -19.73%
Gross Profit Margin 29.28% 25.73% 25.99%
Selling, General & Admin $190.5M $164.6M $639.4M
YoY Change 15.38% -8.1% -11.0%
% of Gross Profit 76.94% 80.92% 72.44%
Research & Development $84.90M
YoY Change 2.04%
% of Gross Profit 9.62%
Depreciation & Amortization $48.70M $47.30M $157.6M
YoY Change 36.41% 23.18% 9.29%
% of Gross Profit 19.67% 23.25% 17.85%
Operating Expenses $190.5M $164.6M $724.3M
YoY Change 15.38% -8.1% -9.64%
Operating Profit $57.10M $38.80M $243.3M
YoY Change -55.6% -47.99% -36.18%
Interest Expense -$28.80M -$49.40M -$119.8M
YoY Change 70.41% 182.29% 59.1%
% of Operating Profit -50.44% -127.32% -49.24%
Other Income/Expense, Net $700.0K -$28.40M -$59.70M
YoY Change -216.67% 425.93% 4492.31%
Pretax Income $29.00M -$77.40M $63.80M
YoY Change -73.9% -251.47% -79.05%
Income Tax $7.700M -$60.80M -$19.30M
% Of Pretax Income 26.55% -30.25%
Net Earnings $19.90M $544.5M $703.1M
YoY Change -76.37% 1727.18% 204.64%
Net Earnings / Revenue 2.35% 68.89% 20.7%
Basic Earnings Per Share $0.22 $7.71
Diluted Earnings Per Share $0.22 $5.99 $7.63
COMMON SHARES
Basic Shares Outstanding 90.97M shares 91.20M shares
Diluted Shares Outstanding 91.80M shares 92.20M shares

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $582.7M $641.1M $641.1M
YoY Change 3.57% 6.64% 6.64%
Cash & Equivalents $582.7M $641.1M $641.1M
Short-Term Investments
Other Short-Term Assets $125.3M $115.3M $115.3M
YoY Change -6.7% -5.8% -5.8%
Inventory $371.9M $372.7M $372.7M
Prepaid Expenses
Receivables $484.4M $440.6M $440.6M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.564B $1.570B $1.570B
YoY Change -18.96% -14.08% -14.08%
LONG-TERM ASSETS
Property, Plant & Equipment $1.046B $1.049B $1.110B
YoY Change 57.98% 55.18% 47.91%
Goodwill $1.690B $1.672B
YoY Change 31.66% 29.97%
Intangibles $1.602B $1.598B
YoY Change 77.16% 72.68%
Long-Term Investments
YoY Change
Other Assets $209.8M $136.2M $136.2M
YoY Change 4.74% -34.64% -34.64%
Total Long-Term Assets $4.547B $4.515B $4.515B
YoY Change 45.88% 42.43% 42.43%
TOTAL ASSETS
Total Short-Term Assets $1.564B $1.570B $1.570B
Total Long-Term Assets $4.547B $4.515B $4.515B
Total Assets $6.111B $6.085B $6.085B
YoY Change 21.09% 21.77% 21.77%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $448.1M $454.4M $454.4M
YoY Change -30.24% -17.96% -17.96%
Accrued Expenses $386.9M $395.8M $318.2M
YoY Change 34.29% 11.84% 0.79%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $2.200M $2.200M $2.200M
YoY Change -99.64% -74.42% -74.42%
Total Short-Term Liabilities $837.2M $869.4M $869.4M
YoY Change -46.32% -7.57% -7.57%
LONG-TERM LIABILITIES
Long-Term Debt $2.178B $2.177B $2.177B
YoY Change 74.19% 17.64% 17.64%
Other Long-Term Liabilities $329.0M $235.5M $343.6M
YoY Change 100.49% 42.64% 9.01%
Total Long-Term Liabilities $2.905B $2.863B $2.520B
YoY Change 75.22% 26.33% 16.38%
TOTAL LIABILITIES
Total Short-Term Liabilities $837.2M $869.4M $869.4M
Total Long-Term Liabilities $2.905B $2.863B $2.520B
Total Liabilities $3.743B $3.732B $3.751B
YoY Change 16.31% 16.39% 16.38%
SHAREHOLDERS EQUITY
Retained Earnings $1.824B
YoY Change 50.96%
Common Stock $1.200M
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.350B $2.335B $2.335B
YoY Change
Total Liabilities & Shareholders Equity $6.111B $6.085B $6.085B
YoY Change 21.09% 21.77% 21.77%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income $19.90M $544.5M $703.1M
YoY Change -76.37% 1727.18% 204.64%
Depreciation, Depletion And Amortization $48.70M $47.30M $157.6M
YoY Change 36.41% 23.18% 9.29%
Cash From Operating Activities -$22.20M $174.5M $398.4M
YoY Change -217.46% 40.95% 70.4%
INVESTING ACTIVITIES
Capital Expenditures $20.30M $50.40M $105.5M
YoY Change 52.63% -232.98% 4.87%
Acquisitions $1.426B
YoY Change 2896.01%
Other Investing Activities $7.300M $934.3M -$6.100M
YoY Change -405.0%
Cash From Investing Activities -$13.00M $883.9M -$504.0M
YoY Change -2.26% -2432.19% 235.55%
FINANCING ACTIVITIES
Cash Dividend Paid $22.50M $86.80M
YoY Change 3.69% 11.71%
Common Stock Issuance & Retirement, Net $36.40M
YoY Change 766.67%
Debt Paid & Issued, Net $800.0K $956.8M
YoY Change 14620.0%
Cash From Financing Activities -$25.60M -971.7M $166.4M
YoY Change -41.55% 4106.49% -245.2%
NET CHANGE
Cash From Operating Activities -$22.20M 174.5M $398.4M
Cash From Investing Activities -$13.00M 883.9M -$504.0M
Cash From Financing Activities -$25.60M -971.7M $166.4M
Net Change In Cash -$58.40M 86.70M $39.90M
YoY Change 51.3% 38.06% -182.61%
FREE CASH FLOW
Cash From Operating Activities -$22.20M $174.5M $398.4M
Capital Expenditures $20.30M $50.40M $105.5M
Free Cash Flow -$42.50M $124.1M $292.9M
YoY Change -858.93% -23.25% 119.89%

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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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CY2022Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
1597600000 usd
CY2021Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
1187100000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
269700000 usd
CY2021Q4 avnt Intangible Assets Currency Translation
IntangibleAssetsCurrencyTranslation
-7800000 usd
CY2021Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
925200000 usd
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
63600000 usd
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
57500000 usd
CY2020 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
43500000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
76300000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
75800000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
75800000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
75100000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
72900000 usd
CY2022 us-gaap Restructuring Charges
RestructuringCharges
38100000 usd
CY2021 us-gaap Restructuring Charges
RestructuringCharges
14700000 usd
CY2020 us-gaap Restructuring Charges
RestructuringCharges
19600000 usd
CY2022Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
2216300000 usd
CY2022Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
37400000 usd
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
2178900000 usd
CY2022Q4 avnt Long Term Debt Current Maturities Principal Amount
LongTermDebtCurrentMaturitiesPrincipalAmount
2200000 usd
CY2022Q4 avnt Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Current
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsCurrent
0 usd
CY2022Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
2200000 usd
CY2022Q4 avnt Long Term Debt Excluding Current Maturities Principal Amount
LongTermDebtExcludingCurrentMaturitiesPrincipalAmount
2214100000 usd
CY2022Q4 avnt Debt Instrument Unamortized Discount Premiumand Debt Issuance Costs Noncurrent
DebtInstrumentUnamortizedDiscountPremiumandDebtIssuanceCostsNoncurrent
37400000 usd
CY2022Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
2176700000 usd
CY2021Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1873300000 usd
CY2021Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
14400000 usd
CY2021Q4 us-gaap Long Term Debt
LongTermDebt
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
CY2021Q4 avnt Long Term Debt Excluding Current Maturities Principal Amount
LongTermDebtExcludingCurrentMaturitiesPrincipalAmount
1864700000 usd
CY2021Q4 avnt Debt Instrument Unamortized Discount Premiumand Debt Issuance Costs Noncurrent
DebtInstrumentUnamortizedDiscountPremiumandDebtIssuanceCostsNoncurrent
14400000 usd
CY2021Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
1850300000 usd
CY2022Q4 us-gaap Repayments Of Debt
RepaymentsOfDebt
150000000 usd
CY2022 us-gaap Write Off Of Deferred Debt Issuance Cost
WriteOffOfDeferredDebtIssuanceCost
9600000 usd
CY2022Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
2153100000 usd
CY2021Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
1917700000 usd
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
2178900000 usd
CY2021Q4 us-gaap Long Term Debt
LongTermDebt
1858900000 usd
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
2200000 usd
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
2200000 usd
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
652200000 usd
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
427400000 usd
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
400000 usd
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
1132000000 usd
CY2022Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
2216300000 usd
CY2022 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
34000000 usd
CY2021 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
17500000 usd
CY2020 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
19900000 usd
CY2022 us-gaap Interest Expense Borrowings
InterestExpenseBorrowings
69400000 usd
CY2021 us-gaap Interest Expense Borrowings
InterestExpenseBorrowings
72600000 usd
CY2020 us-gaap Interest Expense Borrowings
InterestExpenseBorrowings
61100000 usd
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
28900000 usd
CY2021 us-gaap Operating Lease Cost
OperatingLeaseCost
29400000 usd
CY2020 us-gaap Operating Lease Cost
OperatingLeaseCost
30200000 usd
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P5Y8M12D
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y8M12D
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
13800000 usd
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
8300000 usd
CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
10500000 usd
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.048
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.038
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
19600000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
12800000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
8200000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
6100000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
5300000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
12700000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
64700000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
6800000 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
57900000 usd
CY2022Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
157700000 usd
CY2021Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
90000000.0 usd
CY2022Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
22700000 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
672300000 usd
CY2021Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
21200000 usd
CY2022Q4 us-gaap Inventory Raw Materials And Supplies Net Of Reserves
InventoryRawMaterialsAndSuppliesNetOfReserves
192300000 usd
CY2021Q4 us-gaap Inventory Raw Materials And Supplies Net Of Reserves
InventoryRawMaterialsAndSuppliesNetOfReserves
194600000 usd
CY2022Q4 us-gaap Inventory Net
InventoryNet
372700000 usd
CY2021Q4 us-gaap Inventory Net
InventoryNet
305800000 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1861000000 usd
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1405000000 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
811800000 usd
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
732700000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1049200000 usd
CY2021Q4 us-gaap Restructuring Reserve Current
RestructuringReserveCurrent
8100000 usd
CY2022 us-gaap Depreciation
Depreciation
93400000 usd
CY2021 us-gaap Depreciation
Depreciation
83800000 usd
CY2020 us-gaap Depreciation
Depreciation
67500000 usd
CY2022Q4 us-gaap Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
116800000 usd
CY2021Q4 us-gaap Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
177400000 usd
CY2022Q4 avnt Accrued Employment Benefits Noncurrent
AccruedEmploymentBenefitsNoncurrent
8900000 usd
CY2021Q4 avnt Accrued Employment Benefits Noncurrent
AccruedEmploymentBenefitsNoncurrent
7600000 usd
CY2022Q4 us-gaap Deferred Compensation Liability Current
DeferredCompensationLiabilityCurrent
0 usd
CY2021Q4 us-gaap Deferred Compensation Liability Current
DeferredCompensationLiabilityCurrent
0 usd
CY2022Q4 us-gaap Deferred Compensation Liability Classified Noncurrent
DeferredCompensationLiabilityClassifiedNoncurrent
25300000 usd
CY2021Q4 us-gaap Deferred Compensation Liability Classified Noncurrent
DeferredCompensationLiabilityClassifiedNoncurrent
22800000 usd
CY2022Q4 us-gaap Restructuring Reserve Current
RestructuringReserveCurrent
36700000 usd
CY2022Q4 us-gaap Restructuring Reserve Noncurrent
RestructuringReserveNoncurrent
0 usd
CY2021Q4 us-gaap Restructuring Reserve Noncurrent
RestructuringReserveNoncurrent
0 usd
CY2022Q4 us-gaap Accrued Environmental Loss Contingencies Current
AccruedEnvironmentalLossContingenciesCurrent
27400000 usd
CY2021Q4 us-gaap Accrued Environmental Loss Contingencies Current
AccruedEnvironmentalLossContingenciesCurrent
25800000 usd
CY2022Q4 us-gaap Accrued Environmental Loss Contingencies Noncurrent
AccruedEnvironmentalLossContingenciesNoncurrent
90900000 usd
CY2021Q4 us-gaap Accrued Environmental Loss Contingencies Noncurrent
AccruedEnvironmentalLossContingenciesNoncurrent
98700000 usd
CY2022Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
121500000 usd
CY2021Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
55700000 usd
CY2022Q4 avnt Taxes Payable Noncurrent
TaxesPayableNoncurrent
0 usd
CY2021Q4 avnt Taxes Payable Noncurrent
TaxesPayableNoncurrent
0 usd
CY2022Q4 us-gaap Interest Payable Current
InterestPayableCurrent
35500000 usd
CY2021Q4 us-gaap Interest Payable Current
InterestPayableCurrent
14100000 usd
CY2022Q4 avnt Interest Payable Noncurrent
InterestPayableNoncurrent
0 usd
CY2021Q4 avnt Interest Payable Noncurrent
InterestPayableNoncurrent
0 usd
CY2022Q4 us-gaap Dividends Payable Current
DividendsPayableCurrent
22500000 usd
CY2021Q4 us-gaap Dividends Payable Current
DividendsPayableCurrent
21700000 usd
CY2022Q4 avnt Dividends Payable Noncurrent
DividendsPayableNoncurrent
0 usd
CY2021Q4 avnt Dividends Payable Noncurrent
DividendsPayableNoncurrent
0 usd
CY2022Q4 us-gaap Liability For Uncertain Tax Positions Current
LiabilityForUncertainTaxPositionsCurrent
600000 usd
CY2021Q4 us-gaap Liability For Uncertain Tax Positions Current
LiabilityForUncertainTaxPositionsCurrent
700000 usd
CY2022Q4 us-gaap Liability For Uncertain Tax Positions Noncurrent
LiabilityForUncertainTaxPositionsNoncurrent
26300000 usd
CY2021Q4 us-gaap Liability For Uncertain Tax Positions Noncurrent
LiabilityForUncertainTaxPositionsNoncurrent
20300000 usd
CY2022Q4 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
0 usd
CY2021Q4 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
3100000 usd
CY2022Q4 us-gaap Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
68600000 usd
CY2021Q4 us-gaap Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
0 usd
CY2022Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
34800000 usd
CY2021Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
33500000 usd
CY2022Q4 us-gaap Other Accrued Liabilities Noncurrent
OtherAccruedLiabilitiesNoncurrent
15500000 usd
CY2021Q4 us-gaap Other Accrued Liabilities Noncurrent
OtherAccruedLiabilitiesNoncurrent
15500000 usd
CY2022Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
395800000 usd
CY2021Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
340100000 usd
CY2022Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
235500000 usd
CY2021Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
164900000 usd
CY2022 avnt Remeasurement Gain Loss Net On Pension Plans
RemeasurementGainLossNetOnPensionPlans
28400000 usd
CY2021Q4 us-gaap Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Discount Rate
DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationDiscountRate
0.0269
CY2022Q4 us-gaap Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Discount Rate
DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationDiscountRate
0.0474
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
CY2022 avnt Defined Contribution Plan Employer Matching Contributions
DefinedContributionPlanEmployerMatchingContributions
12700000 usd
CY2021 avnt Defined Contribution Plan Employer Matching Contributions
DefinedContributionPlanEmployerMatchingContributions
10700000 usd
CY2020 avnt Defined Contribution Plan Employer Matching Contributions
DefinedContributionPlanEmployerMatchingContributions
9900000 usd
CY2022 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
0 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
CY2022 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
12700000 usd
CY2021 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
10700000 usd
CY2020 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
10500000 usd
CY2020Q1 avnt Accrual For Environmental Loss Contingencies Number Of Companies Negotiating Consent Decree
AccrualForEnvironmentalLossContingenciesNumberOfCompaniesNegotiatingConsentDecree
3 company
CY2022Q4 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
118300000 usd
CY2021Q4 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
124500000 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
CY2022 us-gaap Accrual For Environmental Loss Contingencies Charges To Expense For New Losses
AccrualForEnvironmentalLossContingenciesChargesToExpenseForNewLosses
24100000 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
CY2022 us-gaap Accrual For Environmental Loss Contingencies Payments1
AccrualForEnvironmentalLossContingenciesPayments1
30200000 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
CY2022 us-gaap Accrual For Environmental Loss Contingencies Foreign Currency Translation Gain Loss
AccrualForEnvironmentalLossContingenciesForeignCurrencyTranslationGainLoss
-100000 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
CY2022Q4 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
118300000 usd
CY2021Q4 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
124500000 usd
CY2020Q4 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
119700000 usd
CY2022 us-gaap Insurance Recoveries
InsuranceRecoveries
8300000 usd
CY2021 us-gaap Insurance Recoveries
InsuranceRecoveries
4500000 usd
CY2020 us-gaap Insurance Recoveries
InsuranceRecoveries
8700000 usd
CY2022 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
56400000 usd
CY2021 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
50800000 usd
CY2020 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
31900000 usd
CY2022 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
-19800000 usd
CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
74200000 usd
CY2020 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
-10400000 usd
CY2022 us-gaap Deferred Federal State And Local Tax Expense Benefit
DeferredFederalStateAndLocalTaxExpenseBenefit
2600000 usd
CY2021 us-gaap Deferred Federal State And Local Tax Expense Benefit
DeferredFederalStateAndLocalTaxExpenseBenefit
-26800000 usd
CY2020 us-gaap Deferred Federal State And Local Tax Expense Benefit
DeferredFederalStateAndLocalTaxExpenseBenefit
17200000 usd
CY2022 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-2100000 usd
CY2021 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
4500000 usd
CY2020 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-18500000 usd
CY2022 avnt Deferred Income Expensefrom Continuing Operations
DeferredIncomeExpensefromContinuingOperations
500000 usd
CY2021 avnt Deferred Income Expensefrom Continuing Operations
DeferredIncomeExpensefromContinuingOperations
-22300000 usd
CY2020 avnt Deferred Income Expensefrom Continuing Operations
DeferredIncomeExpensefromContinuingOperations
-1300000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-82400000 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-22100000 usd
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-53300000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
146200000 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
225600000 usd
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
114400000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
63800000 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
203500000 usd
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
61100000 usd
CY2022 us-gaap Current Federal State And Local Tax Expense Benefit
CurrentFederalStateAndLocalTaxExpenseBenefit
-76200000 usd
CY2021 us-gaap Current Federal State And Local Tax Expense Benefit
CurrentFederalStateAndLocalTaxExpenseBenefit
23400000 usd
CY2020 us-gaap Current Federal State And Local Tax Expense Benefit
CurrentFederalStateAndLocalTaxExpenseBenefit
-42300000 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-19300000 usd
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
51900000 usd
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-11700000 usd
CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
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
CY2022 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.055
CY2021 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.003
CY2020 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.062
CY2022 avnt Effective Income Tax Rate Reconciliation Global Intangible Low Taxed Income And Fdii Percent
EffectiveIncomeTaxRateReconciliationGlobalIntangibleLowTaxedIncomeAndFDIIPercent
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