$AVNT
AVIENT CORP Stock $avnt

$avnt Overview Financials Valuation SEC Filings Company Website

2024 Q1 Form 10-Q Financial Statement

#000112297624000033 Filed on May 07, 2024

Income Statement

Concept	2024 Q1	2023 Q1
Revenue	$829.0M	$845.7M
YoY Change	-1.97%	-34.63%
Cost Of Revenue	$550.8M	$598.1M
YoY Change	-7.91%	-40.2%
Gross Profit	$278.2M	$247.6M
YoY Change	12.36%	-15.7%
Gross Profit Margin	33.56%	29.28%
Selling, General & Admin	$184.2M	$190.5M
YoY Change	-3.31%	15.38%
% of Gross Profit	66.21%	76.94%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$43.80M	$48.70M
YoY Change	-10.06%	36.41%
% of Gross Profit	15.74%	19.67%
Operating Expenses	$184.2M	$190.5M
YoY Change	-3.31%	15.38%
Operating Profit	$94.00M	$57.10M
YoY Change	64.62%	-55.6%
Interest Expense	-$26.60M	-$28.80M
YoY Change	-7.64%	70.41%
% of Operating Profit	-28.3%	-50.44%
Other Income/Expense, Net	-$900.0K	$700.0K
YoY Change	-228.57%	-216.67%
Pretax Income	$66.50M	$29.00M
YoY Change	129.31%	-73.9%
Income Tax	$16.80M	$7.700M
% Of Pretax Income	25.26%	26.55%
Net Earnings	$49.40M	$19.90M
YoY Change	148.24%	-76.37%
Net Earnings / Revenue	5.96%	2.35%
Basic Earnings Per Share	$0.54	$0.22
Diluted Earnings Per Share	$0.54	$0.22
COMMON SHARES
Basic Shares Outstanding	91.18M shares	90.97M shares
Diluted Shares Outstanding	92.00M shares	91.80M shares

Balance Sheet

Concept	2024 Q1	2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$444.3M	$582.7M
YoY Change	-23.75%	3.57%
Cash & Equivalents	$444.3M	$582.7M
Short-Term Investments
Other Short-Term Assets	$117.1M	$125.3M
YoY Change	-6.54%	-6.7%
Inventory	$354.0M	$371.9M
Prepaid Expenses
Receivables	$475.3M	$484.4M
Other Receivables	$0.00	$0.00
Total Short-Term Assets	$1.391B	$1.564B
YoY Change	-11.1%	-18.96%
LONG-TERM ASSETS
Property, Plant & Equipment	$1.022B	$1.046B
YoY Change	-2.3%	57.98%
Goodwill	$1.700B	$1.690B
YoY Change	0.62%	31.66%
Intangibles	$1.547B	$1.602B
YoY Change	-3.45%	77.16%
Long-Term Investments
YoY Change
Other Assets	$217.1M	$209.8M
YoY Change	3.48%	4.74%
Total Long-Term Assets	$4.485B	$4.547B
YoY Change	-1.35%	45.88%
TOTAL ASSETS
Total Short-Term Assets	$1.391B	$1.564B
Total Long-Term Assets	$4.485B	$4.547B
Total Assets	$5.876B	$6.111B
YoY Change	-3.85%	21.09%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$428.3M	$448.1M
YoY Change	-4.42%	-30.24%
Accrued Expenses	$294.2M	$386.9M
YoY Change	-23.96%	34.29%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due	$9.600M	$2.200M
YoY Change	336.36%	-99.64%
Total Short-Term Liabilities	$732.1M	$837.2M
YoY Change	-12.55%	-46.32%
LONG-TERM LIABILITIES
Long-Term Debt	$2.069B	$2.178B
YoY Change	-4.97%	74.19%
Other Long-Term Liabilities	$390.5M	$329.0M
YoY Change	18.69%	100.49%
Total Long-Term Liabilities	$2.806B	$2.905B
YoY Change	-3.41%	75.22%
TOTAL LIABILITIES
Total Short-Term Liabilities	$732.1M	$837.2M
Total Long-Term Liabilities	$2.806B	$2.905B
Total Liabilities	$3.538B	$3.743B
YoY Change	-5.46%	16.31%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$2.321B	$2.350B
YoY Change
Total Liabilities & Shareholders Equity	$5.876B	$6.111B
YoY Change	-3.85%	21.09%

Cashflow Statement

Concept	2024 Q1	2023 Q1
OPERATING ACTIVITIES
Net Income	$49.40M	$19.90M
YoY Change	148.24%	-76.37%
Depreciation, Depletion And Amortization	$43.80M	$48.70M
YoY Change	-10.06%	36.41%
Cash From Operating Activities	-$42.80M	-$22.20M
YoY Change	92.79%	-217.46%
INVESTING ACTIVITIES
Capital Expenditures	$24.40M	$20.30M
YoY Change	20.2%	52.63%
Acquisitions
YoY Change
Other Investing Activities	$2.100M	$7.300M
YoY Change	-71.23%
Cash From Investing Activities	-$24.50M	-$13.00M
YoY Change	88.46%	-2.26%
FINANCING ACTIVITIES
Cash Dividend Paid	$23.50M	$22.50M
YoY Change	4.44%	3.69%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net	$2.700M	$800.0K
YoY Change	237.5%
Cash From Financing Activities	-$28.10M	-$25.60M
YoY Change	9.77%	-41.55%
NET CHANGE
Cash From Operating Activities	-$42.80M	-$22.20M
Cash From Investing Activities	-$24.50M	-$13.00M
Cash From Financing Activities	-$28.10M	-$25.60M
Net Change In Cash	-$101.5M	-$58.40M
YoY Change	73.8%	51.3%
FREE CASH FLOW
Cash From Operating Activities	-$42.80M	-$22.20M
Capital Expenditures	$24.40M	$20.30M
Free Cash Flow	-$67.20M	-$42.50M
YoY Change	58.12%	-858.93%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2024Q1	dei	Entity Central Index Key EntityCentralIndexKey	0001122976
CY2024Q1	dei	Amendment Flag AmendmentFlag	false
CY2024Q1	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2024
CY2024Q1	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2024Q1	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2024Q1	dei	Entity Address Address Line2 EntityAddressAddressLine2	33587 Walker Road
CY2024Q1	dei	Entity Address City Or Town EntityAddressCityOrTown	Avon Lake
CY2024Q1	dei	Entity Address State Or Province EntityAddressStateOrProvince	OH
CY2024Q1	dei	City Area Code CityAreaCode	440
CY2024Q1	dei	Local Phone Number LocalPhoneNumber	930-1000
CY2024Q1	dei	Trading Symbol TradingSymbol	AVNT
CY2024Q1	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2024Q1	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
CY2024Q1	dei	Entity Filer Category EntityFilerCategory	Large Accelerated Filer
CY2024Q1	dei	Entity Small Business EntitySmallBusiness	false
CY2024Q1	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	false
CY2024Q1	dei	Entity Shell Company EntityShellCompany	false
CY2024Q1	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	91255268	shares
CY2023Q4	us-gaap	Environmental Loss Contingency Statement Of Financial Position Extensible Enumeration EnvironmentalLossContingencyStatementOfFinancialPositionExtensibleEnumeration	http://fasb.org/us-gaap/2023#AccruedLiabilitiesCurrent http://fasb.org/us-gaap/2023#OtherLiabilitiesNoncurrent
CY2024Q1	us-gaap	Environmental Loss Contingency Statement Of Financial Position Extensible Enumeration EnvironmentalLossContingencyStatementOfFinancialPositionExtensibleEnumeration	http://fasb.org/us-gaap/2023#AccruedLiabilitiesCurrent http://fasb.org/us-gaap/2023#OtherLiabilitiesNoncurrent
CY2024Q1	dei	Security12b Title Security12bTitle	Common Shares, par value $.01 per share
CY2024Q1	dei	Security Exchange Name SecurityExchangeName	NYSE
CY2024Q1	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	550800000	usd
CY2024Q1	us-gaap	Gross Profit GrossProfit	278200000	usd
CY2023Q1	us-gaap	Gross Profit GrossProfit	247600000	usd
CY2024Q1	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	184200000	usd
CY2023Q1	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	190500000	usd
CY2024Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	94000000.0	usd
CY2023Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	57100000	usd
CY2024Q1	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	-26600000	usd
CY2023Q1	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	-28800000	usd
CY2024Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-900000	usd
CY2023Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	700000	usd
CY2024Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	66500000	usd
CY2023Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	29000000.0	usd
CY2024Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	16800000	usd
CY2023Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	7700000	usd
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CY2023Q1	us-gaap	Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest	21300000	usd
CY2024Q1	us-gaap	Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity	0	usd
CY2023Q1	us-gaap	Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity	-900000	usd
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CY2023Q1	us-gaap	Profit Loss ProfitLoss	20400000	usd
CY2024Q1	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	300000	usd
CY2023Q1	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	500000	usd
CY2024Q1	us-gaap	Net Income Loss NetIncomeLoss	49400000	usd
CY2023Q1	us-gaap	Net Income Loss NetIncomeLoss	19900000	usd
CY2024Q1	us-gaap	Income Loss From Continuing Operations Per Basic Share IncomeLossFromContinuingOperationsPerBasicShare	0.54
CY2023Q1	us-gaap	Income Loss From Continuing Operations Per Basic Share IncomeLossFromContinuingOperationsPerBasicShare	0.23
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CY2024Q1	us-gaap	Income Loss From Discontinued Operations Net Of Tax Per Diluted Share IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare	0
CY2023Q1	us-gaap	Income Loss From Discontinued Operations Net Of Tax Per Diluted Share IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare	-0.01
CY2024Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.54
CY2023Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.22
CY2024Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	91200000	shares
CY2023Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	91000000.0	shares
CY2024Q1	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	800000	shares
CY2023Q1	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	800000	shares
CY2024Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	92000000.0	shares
CY2023Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	91800000	shares
CY2024Q1	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	1100000	shares
CY2023Q1	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	500000	shares
CY2024Q1	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.2575
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CY2024Q1	us-gaap	Profit Loss ProfitLoss	49700000	usd
CY2023Q1	us-gaap	Profit Loss ProfitLoss	20400000	usd
CY2024Q1	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	-25900000	usd
CY2023Q1	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	17700000	usd
CY2024Q1	us-gaap	Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax	0	usd
CY2023Q1	us-gaap	Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax	-1600000	usd
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CY2023Q1	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	16100000	usd
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CY2023Q1	us-gaap	Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest	500000	usd
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CY2024Q1	us-gaap	Liabilities Noncurrent LiabilitiesNoncurrent	2806200000	usd
CY2023Q4	us-gaap	Liabilities Noncurrent LiabilitiesNoncurrent	2856900000	usd
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CY2023Q4	us-gaap	Stockholders Equity StockholdersEquity	2319200000	usd
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CY2023Q1	us-gaap	Profit Loss ProfitLoss	20400000	usd
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CY2024Q1	us-gaap	Share Based Compensation ShareBasedCompensation	3300000	usd
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CY2024Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	24400000	usd
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CY2024Q1	us-gaap	Proceeds From Divestiture Of Businesses ProceedsFromDivestitureOfBusinesses	0	usd
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CY2024Q1	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	2100000	usd
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CY2024Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-24500000	usd
CY2023Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-13000000.0	usd
CY2024Q1	us-gaap	Payments Of Dividends PaymentsOfDividends	23500000	usd
CY2023Q1	us-gaap	Payments Of Dividends PaymentsOfDividends	22500000	usd
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CY2024Q1	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	-1900000	usd
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CY2024Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-28100000	usd
CY2023Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-25600000	usd
CY2024Q1	us-gaap	Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	-6100000	usd
CY2023Q1	us-gaap	Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	2400000	usd
CY2024Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-101500000	usd
CY2023Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-58400000	usd
CY2023Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	545800000	usd
CY2022Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	641100000	usd
CY2024Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	444300000	usd
CY2023Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	582700000	usd
CY2023Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	2338000000	usd
CY2024Q1	us-gaap	Profit Loss ProfitLoss	49700000	usd
CY2024Q1	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-25900000	usd
CY2024Q1	us-gaap	Minority Interest Period Increase Decrease MinorityInterestPeriodIncreaseDecrease	-2300000	usd
CY2024Q1	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.2575
CY2024Q1	us-gaap	Dividends Common Stock DividendsCommonStock	23500000	usd
CY2024Q1	us-gaap	Stock Issued During Period Value Stock Options Exercised StockIssuedDuringPeriodValueStockOptionsExercised	1800000	usd
CY2024Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	2337800000	usd
CY2022Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	2352800000	usd
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CY2023Q1	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	16100000	usd
CY2023Q1	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.2475
CY2023Q1	us-gaap	Dividends Common Stock DividendsCommonStock	22500000	usd
CY2023Q1	us-gaap	Stock Issued During Period Value Stock Options Exercised StockIssuedDuringPeriodValueStockOptionsExercised	1900000	usd
CY2023Q4	us-gaap	Goodwill Goodwill	1719300000	usd
CY2024Q1	us-gaap	Goodwill Translation And Purchase Accounting Adjustments GoodwillTranslationAndPurchaseAccountingAdjustments	-19200000	usd
CY2024Q1	us-gaap	Goodwill Goodwill	1700100000	usd
CY2024Q1	us-gaap	Intangible Assets Gross Excluding Goodwill IntangibleAssetsGrossExcludingGoodwill	1936000000	usd
CY2024Q1	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	432500000	usd
CY2024Q1	avnt	Intangible Assets Currency Translation IntangibleAssetsCurrencyTranslation	-43000000.0	usd
CY2024Q1	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	1546500000	usd
CY2023Q4	us-gaap	Intangible Assets Gross Excluding Goodwill IntangibleAssetsGrossExcludingGoodwill	1936000000	usd
CY2023Q4	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	412900000	usd
CY2023Q4	avnt	Intangible Assets Currency Translation IntangibleAssetsCurrencyTranslation	-67700000	usd
CY2023Q4	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	1590800000	usd
CY2024Q1	us-gaap	Inventory Finished Goods Net Of Reserves InventoryFinishedGoodsNetOfReserves	151500000	usd
CY2023Q4	us-gaap	Inventory Finished Goods Net Of Reserves InventoryFinishedGoodsNetOfReserves	166000000.0	usd
CY2024Q1	us-gaap	Inventory Work In Process Net Of Reserves InventoryWorkInProcessNetOfReserves	32600000	usd
CY2023Q4	us-gaap	Inventory Work In Process Net Of Reserves InventoryWorkInProcessNetOfReserves	19800000	usd
CY2024Q1	us-gaap	Inventory Raw Materials And Supplies Net Of Reserves InventoryRawMaterialsAndSuppliesNetOfReserves	169900000	usd
CY2023Q4	us-gaap	Inventory Raw Materials And Supplies Net Of Reserves InventoryRawMaterialsAndSuppliesNetOfReserves	161200000	usd
CY2024Q1	us-gaap	Inventory Net InventoryNet	354000000.0	usd
CY2023Q4	us-gaap	Inventory Net InventoryNet	347000000.0	usd
CY2024Q1	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	1923700000	usd
CY2023Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	1919400000	usd
CY2024Q1	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	902000000.0	usd
CY2023Q4	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	890500000	usd
CY2024Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	1021700000	usd
CY2023Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	1028900000	usd
CY2024Q1	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.253
CY2023Q1	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.266
CY2024Q1	us-gaap	Debt Instrument Carrying Amount DebtInstrumentCarryingAmount	2107800000	usd
CY2024Q1	us-gaap	Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet	28800000	usd
CY2024Q1	us-gaap	Long Term Debt LongTermDebt	2079000000	usd
CY2024Q1	avnt	Long Term Debt Current Maturities Principal Amount LongTermDebtCurrentMaturitiesPrincipalAmount	9600000	usd
CY2024Q1	avnt	Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Current DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsCurrent	0	usd
CY2024Q1	us-gaap	Long Term Debt Current LongTermDebtCurrent	9600000	usd
CY2024Q1	avnt	Long Term Debt Excluding Current Maturities Principal Amount LongTermDebtExcludingCurrentMaturitiesPrincipalAmount	2098200000	usd
CY2024Q1	avnt	Debt Instrument Unamortized Discount Premiumand Debt Issuance Costs Noncurrent DebtInstrumentUnamortizedDiscountPremiumandDebtIssuanceCostsNoncurrent	28800000	usd
CY2024Q1	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	2069400000	usd
CY2023Q4	us-gaap	Debt Instrument Carrying Amount DebtInstrumentCarryingAmount	2110500000	usd
CY2023Q4	us-gaap	Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet	30500000	usd
CY2023Q4	us-gaap	Long Term Debt LongTermDebt	2080000000	usd
CY2023Q4	avnt	Long Term Debt Current Maturities Principal Amount LongTermDebtCurrentMaturitiesPrincipalAmount	9500000	usd
CY2023Q4	avnt	Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Current DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsCurrent	0	usd
CY2023Q4	us-gaap	Long Term Debt Current LongTermDebtCurrent	9500000	usd
CY2023Q4	avnt	Long Term Debt Excluding Current Maturities Principal Amount LongTermDebtExcludingCurrentMaturitiesPrincipalAmount	2101000000	usd
CY2023Q4	avnt	Debt Instrument Unamortized Discount Premiumand Debt Issuance Costs Noncurrent DebtInstrumentUnamortizedDiscountPremiumandDebtIssuanceCostsNoncurrent	30500000	usd
CY2023Q4	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	2070500000	usd
CY2024Q1	us-gaap	Long Term Debt Fair Value LongTermDebtFairValue	2092800000	usd
CY2023Q4	us-gaap	Long Term Debt Fair Value LongTermDebtFairValue	2113700000	usd
CY2024Q1	us-gaap	Number Of Reportable Segments NumberOfReportableSegments	2	segment
CY2024Q1	us-gaap	Assets Assets	5876100000	usd
CY2023Q4	us-gaap	Assets Assets	5968500000	usd
CY2020Q1	avnt	Accrual For Environmental Loss Contingencies Number Of Companies Negotiating Consent Decree AccrualForEnvironmentalLossContingenciesNumberOfCompaniesNegotiatingConsentDecree	3	company
CY2024Q1	us-gaap	Accrual For Environmental Loss Contingencies AccrualForEnvironmentalLossContingencies	151700000	usd
CY2023Q4	us-gaap	Accrual For Environmental Loss Contingencies AccrualForEnvironmentalLossContingencies	157200000	usd
CY2024Q1	us-gaap	Environmental Remediation Expense EnvironmentalRemediationExpense	4000000	usd
CY2023Q1	us-gaap	Environmental Remediation Expense EnvironmentalRemediationExpense	1400000	usd
CY2024Q1	ecd	Rule10b51 Arr Adopted Flag Rule10b51ArrAdoptedFlag	false
CY2024Q1	ecd	Non Rule10b51 Arr Adopted Flag NonRule10b51ArrAdoptedFlag	false
CY2024Q1	ecd	Rule10b51 Arr Trmntd Flag Rule10b51ArrTrmntdFlag	false
CY2024Q1	ecd	Non Rule10b51 Arr Trmntd Flag NonRule10b51ArrTrmntdFlag	false

Files In Submission

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$AVNT
AVIENT CORP Stock $avnt

2024 Q1 Form 10-Q Financial Statement

#000112297624000033 Filed on May 07, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$AVNT AVIENT CORP Stock $avnt

2024 Q1 Form 10-Q Financial Statement

#000112297624000033 Filed on May 07, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$AVNT
AVIENT CORP Stock $avnt