Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Millions, $ in Millions |
3 Months Ended |
Mar. 31, 2020 |
Mar. 31, 2019 |
| Income Statement [Abstract] |
|
|
| Sales |
$ 711.5
|
$ 750.6
|
| Cost of sales |
540.0
|
582.5
|
| Gross margin |
171.5
|
168.1
|
| Selling and administrative expense |
118.7
|
121.0
|
| Operating income |
52.8
|
47.1
|
| Interest expense, net |
(9.4)
|
(15.9)
|
| Other income, net |
1.6
|
0.1
|
| Income from continuing operations before income taxes |
45.0
|
31.3
|
| Income tax expense |
(11.9)
|
(8.8)
|
| Net income from continuing operations |
33.1
|
22.5
|
| (Loss) income from discontinued operations, net of income taxes |
(0.3)
|
15.8
|
| Net income |
32.8
|
38.3
|
| Net income attributable to noncontrolling interests |
0.0
|
(0.1)
|
| Net income attributable to PolyOne common shareholders |
$ 32.8
|
$ 38.2
|
| Earnings per share attributable to PolyOne common shareholders - Basic: |
|
|
| Continuing operations (in USD per share) |
$ 0.38
|
$ 0.29
|
| Discontinued operations (in USD per share) |
0
|
0.20
|
| Total (in USD per share) |
0.38
|
0.49
|
| Earnings per share attributable to PolyOne common shareholders - Diluted: |
|
|
| Continuing operations (in USD per share) |
0.38
|
0.29
|
| Discontinued operations (in USD per share) |
0
|
0.20
|
| Total (in USD per share) |
$ 0.38
|
$ 0.49
|
| Weighted-average shares used to compute earnings per common share: |
|
|
| Basic (in shares) |
86.3
|
77.8
|
| Plus dilutive impact of share-based compensation (in shares) |
0.4
|
0.4
|
| Diluted (in shares) |
86.7
|
78.2
|
| Anti-dilutive shares not included in diluted common shares outstanding (in shares) |
0.8
|
0.9
|
| Cash dividends declared per share of common stock (in USD per share) |
$ 0.2025
|
$ 0.1950
|