https://www.avient.com/sites/default/files/2024-09/Terms and Conditions of Sale for Italy.pdf
Seller’s
processing of any order is expressly conditioned on Buyer’s
assent to and acceptance of these Terms, including all terms
that are different from or in addition to any purported terms
and conditions of the order.
Any additional, different or other
terms and/or conditions contained in any purchase order,
document, website or other communication by or from Buyer
are hereby objected to and rejected by Seller.
Pagamenti e Crediti
Buyer shall make all payments hereunder by wire transfer of
funds, to the account and within the time indicated on
Seller’s invoice.
https://www.avient.com/sites/default/files/2024-12/Terms and Conditions of Sale for Chile %28English and Spanish Translation%29.pdf
Seller’s processing of
any Order Confirmation is expressly conditioned on
Buyer’s assent to and acceptance of these Terms,
including all terms that are different from or in
addition to any purported terms and conditions of
the Order Confirmation.
If a present or future law,
governmental decree, order, regulation, or ruling
under any existing or future legislation prevents
Seller from increasing or revising the price as
accepted by Buyer on these Terms, or nullifies or
reduces any price or price increase hereunder, upon
written notice from one to the other, Seller and
Buyer in good faith will attempt to identify mutually
agreeable changes to conform this contract with
such law, decree, order, regulation, or ruling.
Buyer
acknowledges that information in Seller’s marketing
materials, technical data sheets and other descriptive
publications distributed or published on its websites
may vary from time-to-time without notice.
https://www.avient.com/sites/default/files/resources/Terms%2520and%2520Conditions%2520of%2520Sale%2520for%2520Hungary.pdf
ORDERING & LIMITS
All offers from Seller are subject to confirmation and
without obligation.
Buyer will make all payments hereunder to
the account indicated overleaf.
Seller
may deliver to Buyer a quantity of Products with a
quantity tolerance which may vary, depending upon
the quantities ordered by Buyer, as follows: (1) from
50 to 99 kgs, +/- 25%; (2) from 100 to 249 kgs, +/-
15%; (3) from 250 to 499 kgs, +/- 10%; (4) more than
500 kgs, +/- 5%.
https://www.avient.com/sites/default/files/2024-12/Terms and Conditions of Sale for Indonesia %28English translation%29.pdf
Any additional, different or other terms and/or
conditions contained in any purchase order, document, website or
other communication by or from Buyer are hereby objected to and
rejected by Seller.
If a present or future law, governmental
decree, order, regulation, or ruling under any existing or future
legislation prevents Seller from increasing or revising the price as
provided herein, or nullifies or reduces any price or price increase
hereunder, upon written notice from one to the other, Seller and
Buyer will attempt to identify mutually agreeable changes to
conform this contract with such law, decree, order, regulation, or
ruling.
Buyer
shall not (re-) export or (re-) transfer or disclose, directly or
indirectly, any of the Products or Items supplied by Seller and/or any
Items incorporating or processed from such Products, in breach of
any Trade Control Laws, or, in the event an export license or other
approval is required from any governmental authority or agency,
without first obtaining such license or approval.
https://www.avient.com/sites/default/files/resources/PolyOne%2520Terms%2520and%2520Conditions%2520of%2520sale%2520France.pdf
ORDERING & LIMITS
All offers from Seller are subject to confirmation and
without obligation.
Buyer will make all payments hereunder to
the account indicated overleaf.
Seller
may deliver to Buyer a quantity of Products with a
quantity tolerance which may vary, depending upon
the quantities ordered by Buyer, as follows: (1) from
50 to 99 kgs, +/- 25%; (2) from 100 to 249 kgs, +/-
15%; (3) from 250 to 499 kgs, +/- 10%; (4) more than
500 kgs, +/- 5%.
https://www.avient.com/sites/default/files/resources/PolyOne%2520IR%2520Presentation%2520%25E2%2580%2593%2520Recast%2520Financial%2520Information%2520for%2520Discontinued%2520Operations.pdf
Slide 7 - Summary of Special Items Recast for DSS Divestiture
Reflects special items from continuing operations which include charges related to specific strategic initiatives or financial restructuring such as: consolidation of
operations; debt extinguishment costs; costs incurred directly in relation to acquisitions or divestitures; employee separation costs resulting from personnel reduction
programs, plant realignment costs, executive separation agreements; asset impairments; mark-to-market adjustments associated with actuarial gains and losses on
pension and other post-retirement benefit plans; environmental remediation costs, fines, penalties and related insurance recoveries related to facilities no longer owned
or closed in prior years; gains and losses on the divestiture of operating businesses, joint ventures and equity investments; gains and losses on facility or property sales
or disposals; results of litigation, fines or penalties, where such litigation (or action relating to the fines or penalties) arose prior to the commencement of the performance
period; one-time, non-recurring items; and the effect of changes in accounting principles or other such laws or provisions affecting reported results.
Tax adjustments
include the net tax expense/benefit from one-time income tax items, the set-up or reversal of uncertain tax position reserves and deferred income tax valuation allowance
adjustments.
Table of Contents
POLYONE CORPORATION 3
GAAP Financial Information Recast for DSS Divestiture
Sales 759.6$ 838.7$ 821.1$ 754.4$ 3,173.8$ 828.7$ 841.5$ 806.1$ 741.7$ 3,218.0$ 754.0$ 775.5$ 729.2$ 665.4$ 2,924.1$
Cost of sales 598.6 657.1 661.4 657.0 2,574.1 660.2 674.2 644.1 602.7 2,581.2 589.9 599.6 564.2 518.9 2,272.6
Gross margin 161.0 181.6 159.7 97.4 599.7 168.5 167.3 162.0 139.0 636.8 164.1 175.9 165.0 146.5 651.5
Selling and administrative 104.8 108.5 104.2 66.1 383.6 112.5 118.0 104.1 151.6 486.2 93.8 97.2 90.7 112.2 393.9
Income from equity affiliates and minority interest 0.1 - - 26.8 26.9 - - - - - - - - - -
Operating income (loss) 56.3 73.1 55.5 58.1 243.0 56.0 49.3 57.9 (12.6) 150.6 70.3 78.7 74.3 34.3 257.6
Interest expense, net (15.6) (16.6) (15.9) (15.2) (63.3) (15.5) (15.7) (15.4) (15.5) (62.1) (16.1) (16.2) (16.2) (15.5) (64.0)
Premium on early extinguishment of debt (10.6) - (5.2) - (15.8) - - - - - - - - (16.4) (16.4)
Other income (expense), net 1.5 (1.3) (1.5) - (1.3) (0.7) (0.4) (1.6) (1.4) (4.1) (0.6) (1.2) (1.7) 0.3 (3.2)
Income (loss) before income taxes 31.6 55.2 32.9 42.9 162.6 39.8 33.2 40.9 (29.5) 84.4 53.6 61.3 56.4 2.7 174.0
Income tax (expense) benefit (10.8) (21.6) (13.4) (16.6) (62.4) (10.7) (2.6) (12.0) 15.6 (9.7) (23.3) 4.3 (8.8) 2.3 (25.5)
Net income (loss) from continuing operations 20.8 33.6 19.5 26.3 100.2 29.1 30.6 28.9 (13.9) 74.7 30.3 65.6 47.6 5.0 148.5
Net (loss) income from discontinued operations, net of income taxes (5.7) 147.0 3.3 (2.1) 142.5 0.1 0.9 3.8 (1.1) 3.7 (0.1) 1.4 (3.1) (2.0) (3.8)
Net income (loss) 15.1 180.6 22.8 24.2 242.7 29.2 31.5 32.7 (15.0) 78.4 30.2 67.0 44.5 3.0 144.7
Less: Non-controlling interest 0.2 0.3 0.2 0.4 1.1 0.2 0.2 - 0.4 0.8 - (0.2) - 0.1 (0.1)
Net income (loss) attributable to PolyOne common shareholders 15.3$ 180.9$ 23.0$ 24.6$ 243.8$ 29.4$ 31.7$ 32.7$ (14.6)$ 79.2$ 30.2$ 66.8$ 44.5$ 3.1$ 144.6$
Earnings per share attributable to PolyOne common shareholders - Basic
Continuing operations 0.23$ 0.35$ 0.21$ 0.28$ 1.06$ 0.31$ 0.33$ 0.32$ (0.15)$ 0.82$ 0.34$ 0.73$ 0.55$ 0.06$ 1.69$
Discontinued operations (0.06)$ 1.50$ 0.03$ (0.02)$ 1.49$ -$ 0.01$ 0.04$ (0.01)$ 0.04$ -$ 0.02$ (0.04)$ (0.02)$ (0.04)$
Total 0.17$ 1.85$ 0.24$ 0.26$ 2.55$ 0.31$ 0.34$ 0.36$ (0.16)$ 0.86$ 0.34$ 0.75$ 0.51$ 0.04$ 1.65$
Earnings per share attributable to PolyOne common shareholders - Diluted
Continuing operations 0.22$ 0.34$ 0.20$ 0.27$ 1.05$ 0.31$ 0.33$ 0.31$ (0.15)$ 0.81$ 0.34$ 0.73$ 0.54$ 0.06$ 1.67$
Discontinued operations (0.06)$ 1.49$ 0.04$ (0.02)$ 1.48$ -$ 0.01$ 0.04$ (0.01)$ 0.04$ -$ 0.01$ (0.04)$ (0.02)$ (0.04)$
Total 0.16$ 1.83$ 0.24$ 0.25$ 2.53$ 0.31$ 0.34$ 0.35$ (0.16)$ 0.85$ 0.34$ 0.74$ 0.50$ 0.04$ 1.63$
Sales 738.5$ 758.2$ 746.6$ 694.8$ 2,938.1$ 796.7$
Cost of sales 561.9 576.3 580.5 542.3 2,261.0 614.4
Gross margin 176.6 181.9 166.1 152.5 677.1 182.3
Selling and administrative 106.2 100.1 94.1 90.4 390.8 98.3
Operating income 70.4 81.8 72.0 62.1 286.3 84.0
Interest expense, net (14.6) (14.6) (15.1) (15.4) (59.7) (14.6)
Premium on early extinguishment of debt - (0.4) - - (0.4) (0.3)
Other income (expense), net - 0.1 (0.1) 0.4 0.4 (1.1)
Income before income taxes 55.8 66.9 56.8 47.1 226.6 68.0
Income tax expense (17.6) (16.8) (14.0) (12.0) (60.4) (19.7)
Net income from continuing operations 38.2 50.1 42.8 35.1 166.2 48.3
Net income (loss) from discontinued operations, net of income taxes 0.8 (0.1) (0.5) (1.4) (1.2) (1.4)
Net income 39.0 50.0 42.3 33.7 165.0 46.9
Less: Non-controlling interest 0.1 - - 0.1 0.2 -
Net income attributable to PolyOne common shareholders 39.1$ 50.0$ 42.3$ 33.8$ 165.2$ 46.9$
Earnings per share attributable to PolyOne common shareholders - Basic
Continuing operations 0.45$ 0.59$ 0.51$ 0.43$ 1.98$ 0.58$
Discontinued operations 0.01$ -$ (0.01)$ (0.02)$ (0.01)$ (0.01)$
Total 0.46$ 0.59$ 0.50$ 0.41$ 1.97$ 0.57$
Earnings per share attributable to PolyOne common shareholders - Diluted
Continuing operations 0.45$ 0.59$ 0.51$ 0.42$ 1.96$ 0.58$
Discontinued operations 0.01$ -$ (0.01)$ (0.02)$ (0.01)$ (0.01)$
Total 0.46$ 0.59$ 0.50$ 0.40$ 1.95$ 0.57$
POLYONE CORPORATION 4
Adjusted Financial Information Recast for DSS Divestiture
Sales 759.6$ 838.7$ 821.1$ 754.4$ 3,173.8$ 828.7$ 841.5$ 806.1$ 741.7$ 3,218.0$ 754.0$ 775.5$ 729.2$ 665.4$ 2,924.1$
Cost of sales 601.6 670.6 656.6 606.9 2,535.7 656.0 660.1 637.0 592.6 2,545.7 588.7 597.4 561.0 511.0 2,258.1
Gross margin 158.0 168.1 164.5 147.5 638.1 172.7 181.4 169.1 149.1 672.3 165.3 178.1 168.2 154.4 666.0
Selling and administrative 102.4 106.2 107.6 107.5 423.7 109.6 108.4 100.0 94.5 412.5 91.6 93.1 88.1 96.5 369.3
Operating income 55.6 61.9 56.9 40.0 214.4 63.1 73.0 69.1 54.6 259.8 73.7 85.0 80.1 57.9 296.7
Interest expense, net (13.7) (16.6) (15.9) (15.2) (61.4) (15.5) (15.7) (15.4) (15.5) (62.1) (16.1) (16.2) (16.2) (15.5) (64.0)
Other income (expense), net 0.1 (1.3) (1.5) - (2.7) (0.7) (0.9) (1.7) (1.5) (4.8) (0.6) (1.2) (1.8) 0.3 (3.3)
Income before income taxes 42.0 44.0 39.5 24.8 150.3 46.9 56.4 52.0 37.6 192.9 57.0 67.6 62.1 42.7 229.4
Income tax expense (14.2) (16.1) (13.5) (9.8) (53.6) (14.9) (18.3) (16.6) (12.0) (61.8) (18.8) (21.3) (19.4) (12.1) (71.6)
Adjusted net income from continuing operations 27.8 27.9 26.0 15.0 96.7 32.0 38.1 35.4 25.6 131.1 38.2 46.3 42.7 30.6 157.8
Less: Non-controlling interest 0.2 0.3 0.2 0.4 1.1 0.2 0.2 - 0.4 0.8 - (0.2) - 0.1 (0.1)
Adjusted net income attributable to PolyOne common shareholders - continuing operations 28.0$ 28.2$ 26.2$ 15.4$ 97.8$ 32.2$ 38.3$ 35.4$ 26.0$ 131.9$ 38.2$ 46.1$ 42.7$ 30.7$ 157.7$
Adjusted earnings per share attributable to PolyOne common shareholders - Diluted 0.30$ 0.28$ 0.27$ 0.15$ 1.01$ 0.34$ 0.41$ 0.38$ 0.28$ 1.41$ 0.43$ 0.51$ 0.48$ 0.36$ 1.78$
Sales 738.5$ 758.2$ 746.6$ 694.8$ 2,938.1$ 796.7$
Cost of sales 557.8 576.5 576.1 540.7 2,251.1 612.0
Gross margin 180.7 181.7 170.5 154.1 687.0 184.7
Selling and administrative 100.0 93.9 88.3 94.9 377.1 99.0
Operating income 80.7 87.8 82.2 59.2 309.9 85.7
Interest expense, net (14.6) (14.6) (15.1) (15.4) (59.7) (14.6)
Other (expense) income, net (0.2) 0.2 (0.1) 0.3 0.2 (1.2)
Income before income taxes 65.9 73.4 67.0 44.1 250.4 69.9
Income tax expense (21.0) (23.1) (20.7) (11.5) (76.3) (20.7)
Adjusted net income from continuing operations 44.9 50.3 46.3 32.6 174.1 49.2
Less: Non-controlling interest 0.1 - - 0.1 0.2 -
Adjusted net income attributable to PolyOne common shareholders - continuing operations 45.0$ 50.3$ 46.3$ 32.7$ 174.3$ 49.2$
Adjusted earnings per share attributable to PolyOne common shareholders - Diluted 0.53$ 0.59$ 0.55$ 0.39$ 2.06$ 0.59$
POLYONE CORPORATION 5
Business Segment and Data Recast for DSS Divestiture
Sales:
Color, Additives and Inks 205.3 229.4 219.0 198.6 852.3 219.6 228.7 212.0 190.5 850.8 208.5 217.4 199.9 184.9 810.7
Specialty Engineered Materials 152.9 158.8 157.6 146.2 615.5 157.4 157.8 145.8 137.3 598.3 141.9 139.7 136.0 125.2 542.8
Performance Products and Solutions 166.6 210.3 207.4 188.9 773.2 207.6 211.2 213.0 184.8 816.6 175.9 190.3 175.2 152.7 694.1
PolyOne Distribution 268.0 275.1 275.0 257.1 1,075.2 284.1 287.0 280.5 262.8 1,114.4 265.7 266.8 259.5 242.1 1,034.1
Corporate and Eliminations (33.2) (34.9) (37.9) (36.4) (142.4) (40.0) (43.2) (45.2) (33.7) (162.1) (38.0) (38.7) (41.4) (39.5) (157.6)
Sales 759.6 838.7 821.1 754.4 3,173.8 828.7 841.5 806.1 741.7 3,218.0 754.0 775.5 729.2 665.4 2,924.1
Gross Margin:
Color, Additives and Inks 67.7 75.2 71.8 63.1 277.8 74.9 81.7 71.8 65.1 293.5 73.4 80.0 73.4 67.0 293.8
Specialty Engineered Materials 39.2 39.0 39.2 35.8 153.2 42.6 43.5 39.7 37.4 163.2 43.0 41.1 39.6 37.3 161.0
Performance Products and Solutions 24.0 26.9 27.6 23.5 102.0 28.0 29.0 29.2 22.8 109.0 22.5 27.4 27.2 24.8 101.9
PolyOne Distribution 28.2 28.1 27.6 24.7 108.6 29.8 28.8 29.3 26.1 114.0 27.8 30.2 29.4 27.2 114.6
Corporate and Eliminations 1.9 12.4 (6.5) (49.7) (41.9) (6.8) (15.7) (8.0) (12.4) (42.9) (2.6) (2.8) (4.6) (9.8) (19.8)
Gross Margin 161.0 181.6 159.7 97.4 599.7 168.5 167.3 162.0 139.0 636.8 164.1 175.9 165.0 146.5 651.5
Selling and Administrative Expense:
Color, Additives and Inks 43.5 44.3 42.9 43.1 173.8 44.5 44.0 41.7 38.4 168.6 39.6 40.4 38.9 39.5 158.4
Specialty Engineered Materials 23.4 24.0 24.6 24.0 96.0 24.3 24.6 21.3 20.6 90.8 19.9 21.0 19.6 20.9 81.4
Performance Products and Solutions 10.4 11.6 12.5 11.5 46.0 12.0 11.4 11.4 11.1 45.9 11.0 11.1 11.1 11.3 44.5
PolyOne Distribution 12.0 11.2 11.0 11.1 45.3 12.6 11.5 10.6 11.1 45.8 12.1 11.1 11.8 11.6 46.6
Corporate and Eliminations 15.5 17.4 13.2 (23.6) 22.5 19.1 26.5 19.1 70.4 135.1 11.2 13.6 9.3 28.9 63.0
Selling and Administrative Expense 104.8 108.5 104.2 66.1 383.6 112.5 118.0 104.1 151.6 486.2 93.8 97.2 90.7 112.2 393.9
Operating Income:
Color, Additives and Inks 24.2 30.9 28.9 20.0 104.0 30.4 37.7 30.1 26.7 124.9 33.8 39.6 34.5 27.5 135.4
Specialty Engineered Materials 15.8 15.0 14.6 11.8 57.2 18.3 18.9 18.4 16.8 72.4 23.1 20.1 20.0 16.4 79.6
Performance Products and Solutions 13.6 15.3 15.1 12.0 56.0 16.0 17.6 17.8 11.7 63.1 11.5 16.3 16.1 13.5 57.4
PolyOne Distribution 16.2 16.9 16.6 13.6 63.3 17.2 17.3 18.7 15.0 68.2 15.7 19.1 17.6 15.6 68.0
Corporate and Eliminations (13.5) (5.0) (19.7) 0.7 (37.5) (25.9) (42.2) (27.1) (82.8) (178.0) (13.8) (16.4) (13.9) (38.7) (82.8)
Operating Income (loss) 56.3 73.1 55.5 58.1 243.0 56.0 49.3 57.9 (12.6) 150.6 70.3 78.7 74.3 34.3 257.6
Sales:
Color, Additives and Inks 204.9 212.2 195.9 184.7 797.7 211.8
Specialty Engineered Materials 141.0 143.3 146.2 135.3 565.8 159.1
Performance Products and Solutions 166.2 172.8 171.3 158.2 668.5 183.7
PolyOne Distribution 268.8 272.6 274.8 254.8 1,071.0 286.1
Corporate and Eliminations (42.4) (42.7) (41.6) (38.2) (164.9) (44.0)
Sales 738.5 758.2 746.6 694.8 2,938.1 796.7
Gross Margin:
Color, Additives and Inks 75.3 78.0 70.0 62.8 286.1 75.2
Specialty Engineered Materials 44.2 43.0 41.7 38.6 167.5 46.1
Performance Products and Solutions 32.4 33.0 29.2 26.6 121.2 33.9
PolyOne Distribution 30.7 29.5 29.6 27.3 117.1 31.4
Corporate and Eliminations (6.0) (1.6) (4.4) (2.8) (14.8) (4.3)
Gross Margin 176.6 181.9 166.1 152.5 677.1 182.3
Selling and Administrative Expense:
Color, Additives and Inks 40.4 39.8 38.6 39.8 158.6 40.1
Specialty Engineered Materials 20.8 21.6 21.2 22.8 86.4 22.5
Performance Products and Solutions 12.7 11.7 11.2 11.2 46.8 11.8
PolyOne Distribution 13.2 11.7 11.4 12.6 48.9 12.8
Corporate and Eliminations 19.1 15.3 11.7 4.0 50.1 11.1
Selling and Administrative Expense 106.2 100.1 94.1 90.4 390.8 98.3
Operating Income:
Color, Additives and Inks 34.9 38.2 31.4 23.0 127.5 35.1
Specialty Engineered Materials 23.4 21.4 20.5 15.8 81.1 23.6
Performance Products and Solutions 19.7 21.3 18.0 15.4 74.4 22.1
PolyOne Distribution 17.5 17.8 18.2 14.7 68.2 18.6
Corporate and Eliminations (25.1) (16.9) (16.1) (6.8) (64.9) (15.4)
Operating Income 70.4 81.8 72.0 62.1 286.3 84.0
POLYONE CORPORATION 6
Non-GAAP Reconciliations
Sales 759.6 838.7 821.1 754.4 3,173.8 828.7 841.5 806.1 741.7 3,218.0 754.0 775.5 729.2 665.4 2,924.1
Gross margin - GAAP 161.0 181.6 159.7 97.4 599.7 168.5 167.3 162.0 139.0 636.8 164.1 175.9 165.0 146.5 651.5
Special items in gross margin (see slide 7) (3.0) (13.5) 4.8 50.1 38.4 4.2 14.1 7.1 10.1 35.5 1.2 2.2 3.2 7.9 14.5
Adjusted gross margin 158.0 168.1 164.5 147.5 638.1 172.7 181.4 169.1 149.1 672.3 165.3 178.1 168.2 154.4 666.0
Adjusted gross margin as a percent of sales 20.8% 20.0% 20.0% 19.6% 20.1% 20.8% 21.6% 21.0% 20.1% 20.9% 21.9% 23.0% 23.1% 23.2% 22.8%
Operating income - GAAP 56.3 73.1 55.5 58.1 243.0 56.0 49.3 57.9 (12.6) 150.6 70.3 78.7 74.3 34.3 257.6
Special items in operating income (see slide 7) (0.7) (11.2) 1.4 (18.1) (28.6) 7.1 23.7 11.2 67.2 109.2 3.4 6.3 5.8 23.6 39.1
Adjusted operating income 55.6 61.9 56.9 40.0 214.4 63.1 73.0 69.1 54.6 259.8 73.7 85.0 80.1 57.9 296.7
Adjusted operating income as a percent of sales 7.3% 7.4% 6.9% 5.3% 6.8% 7.6% 8.7% 8.6% 7.4% 8.1% 9.8% 11.0% 11.0% 8.7% 10.1%
Sales 738.5 758.2 746.6 694.8 2,938.1 796.7
Gross margin - GAAP 176.6 181.9 166.1 152.5 677.1 182.3
Special items in gross margin (see slide 7) 4.1 (0.2) 4.4 1.6 9.9 2.4
Adjusted gross margin 180.7 181.7 170.5 154.1 687.0 184.7
Adjusted gross margin as a percent of sales 24.5% 24.0% 22.8% 22.2% 23.4% 23.2%
Operating income - GAAP 70.4 81.8 72.0 62.1 286.3 84.0
Special items in operating income (see slide 7) 10.3 6.0 10.2 (2.9) 23.6 1.7
Adjusted operating income 80.7 87.8 82.2 59.2 309.9 85.7
Adjusted operating income as a percent of sales 10.9% 11.6% 11.0% 8.5% 10.5% 10.8%
POLYONE CORPORATION 7
Summary of Special Items
Cost of sales:
Restructuring Costs - - - (2.5) (2.5) (3.3) (13.2) (2.8) (7.4) (26.7) (0.2) (0.2) (1.0) (6.3) (7.7)
Environmental remediation costs (2.0) (1.3) (4.8) (52.6) (60.7) (0.9) (0.9) (5.9) (2.6) (10.3) (1.5) (2.0) (4.3) (1.5) (9.3)
Pension & other post-retirement benefits - mark-to-market adjustment - - - 1.6 1.6 - - - (2.0) (2.0) - - - (1.0) (1.0)
Reimbursement of previously incurred environmental costs 5.2 14.9 - 3.4 23.5 - - 1.6 2.1 3.7 0.5 - 2.1 0.9 3.5
Acquisition related adjustments (0.2) (0.1) - - (0.3) - - - (0.2) (0.2) - - - - -
Impact on cost of sales 3.0 13.5 (4.8) (50.1) (38.4) (4.2) (14.1) (7.1) (10.1) (35.5) (1.2) (2.2) (3.2) (7.9) (14.5)
Selling and administrative expense:
Restructuring, legal and other (2.3) (1.9) 4.1 (1.0) (1.1) (2.7) (9.3) (3.9) 1.0 (14.9) (1.9) (3.4) (1.8) (3.9) (11.0)
Unrealized gain on foreign currency option contracts 0.4 0.2 0.3 0.2 1.1 - - - - - - - - - -
Pension & other post-retirement benefits - mark-to-market adjustment - - 42.4 42.4 - - - (54.5) (54.5) - - - (10.6) (10.6)
Acquisition/divestiture related costs (0.5) (0.6) (1.0) (0.2) (2.3) (0.2) (0.3) (0.2) (3.6) (4.3) (0.3) (0.7) (0.8) (1.2) (3.0)
Impact on selling and administrative expense (2.4) (2.3) 3.4 41.4 40.1 (2.9) (9.6) (4.1) (57.1) (73.7) (2.2) (4.1) (2.6) (15.7) (24.6)
Gain on sale of investment in equity affiliates 0.1 - - 26.8 26.9 - - - - - - - - - -
Impact on operating income 0.7 11.2 (1.4) 18.1 28.6 (7.1) (23.7) (11.2) (67.2) (109.2) (3.4) (6.3) (5.8) (23.6) (39.1)
- - -
Debt extinguishment costs (10.6) - (5.2) - (15.8) - - - - - - - - (16.4) (16.4)
Bridge loan commitment fees - interest expense (1.9) - - - (1.9) - - - - - - - - - -
Other income (expense), net 1.4 - - - 1.4 - 0.5 0.1 0.1 0.7 - - 0.1 - 0.1
Impact on income before income taxes (10.4) 11.2 (6.6) 18.1 12.3 (7.1) (23.2) (11.1) (67.1) (108.5) (3.4) (6.3) (5.7) (40.0) (55.4)
Income tax benefit on above special items 3.9 (5.3) 1.9 (7.1) (6.6) 2.6 10.5 4.5 24.0 41.6 1.4 1.7 1.0 14.6 18.7
Tax adjustments (0.5) (0.2) (1.8) 0.3 (2.2) 1.6 5.2 0.1 3.6 10.5 (5.9) 23.9 9.6 (0.2) 27.4
Impact of special items on net income (7.0) 5.7 (6.5) 11.3 3.5 (2.9) (7.5) (6.5) (39.5) (56.4) (7.9) 19.3 4.9 (25.6) (9.3)
Diluted earnings per common share impact (0.08)$ 0.06$ (0.07)$ 0.12$ 0.04$ (0.03)$ (0.08)$ (0.07)$ (0.43)$ (0.60)$ (0.09)$ 0.22$ 0.06$ (0.30)$ (0.11)$
Cost of sales:
Restructuring Costs 0.1 (1.0) - (0.2) (1.1) -
Environmental remediation costs (1.7) (2.1) (2.4) (2.2) (8.4) (2.2)
Pension & other post-retirement benefits - mark-to-market adjustment - - - 0.3 0.3 -
Reimbursement of previously incurred environmental costs - 5.3 - 0.8 6.1 -
Acquisition related adjustments (2.5) (2.0) (2.0) (0.3) (6.8) (0.2)
Impact on cost of sales (4.1) 0.2 (4.4) (1.6) (9.9) (2.4)
Selling and administrative expense:
Restructuring, legal and other (5.9) (5.6) (5.3) (3.0) (19.8) 1.4
Unrealized gain on foreign currency option contracts - - - - - -
Pension & other post-retirement benefits - mark-to-market adjustment - - - 8.1 8.1 -
Acquisition/divestiture related costs (0.3) (0.6) (0.5) (0.6) (2.0) (0.7)
Impact on selling and administrative expense (6.2) (6.2) (5.8) 4.5 (13.7) 0.7
Gain on sale of investment in equity affiliates - - - - - -
Impact on operating income (10.3) (6.0) (10.2) 2.9 (23.6) (1.7)
Debt extinguishment costs - (0.4) - - (0.4) (0.3)
Bridge loan commitment fees - interest expense - - - - - -
Other income (expense), net 0.2 (0.1) - 0.1 0.2 0.1
Impact on income before income taxes (10.1) (6.5) (10.2) 3.0 (23.8) (1.9)
Income tax benefit on above special items 3.8 2.6 3.7 (1.8) 8.3 0.9
Tax adjustments (0.4) 3.7 3.0 1.3 7.6 0.1
Impact of special items on net income (6.7) (0.2) (3.5) 2.5 (7.9) (0.9)
Diluted earnings per common share impact (0.08)$ -$ (0.04)$ 0.03$ (0.10)$ (0.01)$
Recast Financial Information for Discontinued Operations
Table of Contents
GAAP Financial Information Recast for DSS Divestiture
Adjusted Financial Information Recast for DSS Divestiture
Business Segment and Data Recast for DSS Divestiture
Non-GAAP Reconciliations
Summary of Special Items
https://www.avient.com/sites/default/files/2024-10/Terms%26Conditions - Brazil English %26 Portuguese.pdf
Seller reserves the right to change these
Terms and Conditions at any time, through
a written communication to Buyer, without
any need for obtaining any prior acceptance
by or approval from Buyer.
1.2.
If a present or
future law, governmental decree, order,
regulation, or ruling under any existing or
future legislation prevents Seller from
increasing or revising the price as provided
herein, or nullifies or reduces any price or
price increase hereunder, upon written
notice from one to the other Seller and
Buyer will attempt to identify mutually
agreeable changes to conform this contract
with such law, decree, order, regulation, or
ruling.
The parties elect the
Courts of the district of São Paulo, State of
São Paulo to resolve any disputes relating to
these General Terms and Conditions, to the
exclusion of any other, no matter how
privileged.
17.
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It received an A- Leadership score from CDP.
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