As a result of the sale of our Resin Business, this business has been removed from the Performance Products and Solutions segment and presented as a discontinued operation. We retain fully depreciated assets in property and accumulated depreciation accounts until we remove them from service. In the case of sale, retirement or disposal, the asset cost and related accumulated depreciation balance is removed from the respective account, and the resulting net amount, less any proceeds, is included as a component of income from continuing operations in the accompanying Consolidated Statements of Income.

Accounts receivable, net Accounts payable Increase in accounts payable

I’m pleased with how well we have executed through the first half of the year despite persistent demand weakness and customer inventory destocking,” said Mr. We are looking forward to sharing how and where our material science is helping customers achieve their sustainability goals and the megatrends that are underpinning the future growth of our sustainable solutions portfolio.” Non-GAAP Financial Measures The Company uses both GAAP (generally accepted accounting principles) and non-GAAP financial measures.

Avient includes in its Code of Conduct internal accountability standards related to slavery and human trafficking to which all employees, agents and consultants are required to adhere.

Accounts receivable, net Accounts payable Provision for doubtful accounts

In each case, the Board, with input and a recommendation from the Governance and Corporate Responsibility Committee, shall broadly consider all relevant facts and circumstances, including a director’s commercial, industrial, banking, consulting, legal, accounting, charitable and familial relationships. Director Responsibilities The members of the Board serve as representatives for and are accountable to the Company’s shareholders. Director Responsibilities The members of the Board serve as representatives for and are accountable to the Company’s shareholders.

Some of the information arises from laboratory work with small-scale equipment which may not provide a reliable indication of performance or properties obtained or obtainable on larger-scale equipment. Processing conditions can cause material properties to shift from the values stated in the information. You have the responsibility to conduct full-scale end-product performance testing to determine suitability in your application, and you assume all risk and liability arising from your use of the information and/or use or handling of any product.

Senior management also uses operating income before special items to assess performance and allocate resources because senior management believes that these measures are useful in understanding current profitability levels and how it may serve as a basis for future performance. Management excludes intangible asset amortization from adjusted EPS as it believes excluding acquired intangible asset amortization is a useful measure of current period earnings per share. The presentation of these measures may be different from non-GAAP financial measures used by other companies.

With 65 percent of our OI generated from specialty solutions—compared to just 2 percent in 2005—it truly exemplifies just how far we’ve come in our transformation from the volume-driven, commodity-focused company of the past. We retain fully depreciated assets in property and accumulated depreciation accounts until we remove them from service. In the case of sale, retirement or disposal, the asset cost and related accumulated depreciation balance is removed from the respective account, and the resulting net amount, less any proceeds, is included as a component of income from continuing operations in the accompanying We account for operating leases under the provisions of Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) Topic 840, Leases.

How Pay is Tied to Company Performance. Fuller Company * Cytec Industries Inc. and Sigma Aldrich Corporation were acquired during 2015 and will subsequently be removed from the peer group going forward. Accounting Considerations.