https://www.avient.com/sites/default/files/2023-03/Avient Annual Report 2022.pdf
Chairman, President and CEO
0%
20%
40%
60%
80%
100%
2005 2010 2015 2021 2022PF(2)
%
o
f
d
ju
st
e
d
E
B
IT
D
(1
)
(1) Adjusted EBITDA is EBITDA excluding corporate costs and special items
(2) Pro forma for the acquisition of Dyneema and divestiture of Distribution
Specialty Transformation
Commodity JVs Performance Products & Solutions
Distribution Specialty Businesses
7%
46%
66%
86%
100%
End Market Transformation(1)
�
2006 2022PF(2) 2006 2022PF(2)
(1) End market revenue as a percent of total
(2) Pro forma for the acquisition of Dyneema and divestiture of Distribution
Transportation
Building &
Construction
Healthcare
Packaging
Consumer
57%
19%
58%
22%
14%
43%
9%
10%
8%
10%
4%
24%
20%
8%
Defense
6%
United States
Securities and Exchange Commission
Washington, DC 20549
FORM 10-K
☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the fiscal year ended December 31, 2022
☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from to .
Cota, Colombia 66.
Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may
65 AVIENT CORPORATION
become inadequate because of changes in conditions, or that the degree of compliance with the policies or
procedures may deteriorate.
66 AVIENT CORPORATION
ITEM 9B.
https://www.avient.com/sites/default/files/2022-03/Avient 2021 Annual Report.pdf
Tianjin, China 66.
Management has assessed the effectiveness of Avient’s internal control over financial reporting as of December 31,
2021 and has prepared Management’s Annual Report On Internal Control Over Financial Reporting contained on
page 66 of this Annual Report, which concludes that as of December 31, 2021, Avient’s internal control over
financial reporting was effective and that no material weaknesses were identified.
Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may
become inadequate because of changes in conditions, or that the degree of compliance with the policies or
procedures may deteriorate.
66 AVIENT CORPORATION
ITEM 9B.
https://www.avient.com/sites/default/files/2024-03/AS-FILED EF20024640 Avient Corp ARS.pdf
Aland, Finland 66.
LLC, as joint-lead arrangers and joint-book managers,
Jefferies Finance LLC, KeyBanc Capital Markets Inc. and SunTrust Robinson Humphrey, Inc., as co-managers, and
several other commercial lending institutions that are parties thereto (incorporated by reference to Exhibit 10.6 to the
Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2015, SEC File No. 1-16091)
66 AVIENT CORPORATION
10.5 Amendment Agreement No. 1 to the Credit Agreement, dated as of June 15, 2016, among the Company, certain
subsidiaries of the Company, Citibank, N.A., as administrative agent, and the additional lender party thereto
(incorporated by reference to Exhibit 10.2 to the Company’s Quarterly Report on Form 10-Q for the quarter ended
June 30. 2016, SEC File No. 16091)
10.6 Amendment Agreement No. 2, dated August 3, 2016, by and among PolyOne Corporation, the subsidiaries of
PolyOne Corporation party thereto, Citibank, N.A, as administrative agent, and the lenders party thereto (incorporated
by reference to Exhibit 10.1 to the Company’s Current Report on Form 8-K filed on August 5, 2016, SEC File No.
10.7 Amendment Agreement No. 3, dated January 24, 2017, by and among PolyOne Corporation, the subsidiaries of
PolyOne Corporation party thereto, Citibank, N.A., as administrative agent, and the lenders party thereto (incorporated
by reference to Exhibit 10.1 to the Company’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2017,
SEC File No. 1-16091)
10.8 Amendment Agreement No. 4, dated August 15, 2017, by and among PolyOne Corporation, the subsidiaries of
PolyOne Corporation party thereto, Citibank, N.A., as administrative agent, and the lenders party thereto (incorporated
by reference to Exhibit 10.1 to the Company’s Quarterly Report on Form 10-Q for the quarter ended September 30,
2017, SEC File No. 1-16091)
10.9 Amendment Agreement No. 5, dated April 11, 2018, by and among PolyOne Corporation, the subsidiaries of PolyOne
Corporation party thereto, Citibank, N.A., as administrative agent, and the lenders party thereto (incorporated by
reference to Exhibit 10.1 to the Company’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2018, SEC
File No. 1-16091)
10.10 Amendment Agreement No. 6, dated November 9, 2018, by and among PolyOne Corporation, the subsidiaries of
PolyOne Corporation party thereto, Citibank, N.A, as administrative agent, and the lenders party thereto (incorporated
by reference to Exhibit 10.1 to the Company’s Current Report on Form 8-K filed on November 13, 2018, SEC File No.
10.11 Amendment Agreement No. 7, dated as of August 29, 2022, by and among Avient Corporation, the lenders party
thereto and Citibank, N.A., as administrative agent (incorporated by reference to Exhibit 10.1 to the Company's
Current Report on Form 8-K filed on September 1, 2022, SEC File No. 1-16091)
10.12 Amendment Agreement No. 8, dated August 16, 2023, by and among Avient Corporation, the subsidiaries of Avient
Corporation party thereto, Citibank, N.A., as administrative agent, Morgan Stanley Bank, N.A., as the Amendment No.
8 Additional Term Lender (as defined in the Term Loan Agreement), ad the other lenders party thereto (incorporated by
reference to Exhibit 10.1 to the Company's Current Report on Form 8-K filed on August 17, 2023, SEC File No.
10.13+ Amended and Restated Avient Corporation 2010 Equity and Performance Incentive Plan (incorporated by reference to
Appendix B to the Company’s definitive proxy statement on Schedule 14A filed on April 3, 2015, SEC File No.
10.14+ First Amendment to the Avient Supplemental Retirement Benefit Plan (As Amended and Restated Effective January 1,
2014), dated as of March 16, 2016; Amendment No. 2 to the Avient Supplemental Retirement Benefit Plan (As
Amended and Restated Effective January 1, 2014), dated as of December 19, 2018; and Amendment No. 3 to the
Avient Supplemental Retirement Benefit Plan (As Amended and Restated Effective January 1, 2014), dated as of April
18, 2019 (incorporated by reference to Exhibit 4.5 to the Company's Registration Statement on Form S-8, filed on May
6, 2019, SEC File No. 333-231236)
10.15+ Avient 2017 Equity and Incentive Compensation Plan (incorporated by reference to Appendix B to the Company's
definitive proxy statement on Schedule 14A filed on March 31, 2017, SEC File No. 1-16091)
10.16+ Avient Corporation Deferred Compensation Plan for Non-Employee Directors (As Amended and Restated Effective
July 15, 2021) (incorporated by reference to Exhibit 10.1 of the Company’s Quarterly Report on Form 10-Q for the
quarter ended September 30, 2021, SEC File No. 1-16091)
10.17+ Form of Management Continuity Agreement for Executive Officers prior to 2011 (incorporated by reference to Exhibit
10.13 to the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2007, SEC File No.
10.18+ Form of Management Continuity Agreement for Executive Officers after 2011 (incorporated by reference to Exhibit
10.12 to the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2013, SEC File No.
10.19+** Schedule of Executive Officers and Others with Management Continuity Agreements
10.20+ Avient Supplemental Retirement Benefit Plan (As Amended and Restated Effective January 1, 2014) (incorporated by
reference to Exhibit 10.14 to the Company’s Annual Report on Form 10-K for the fiscal year ended December 31,
2013, SEC file No. 1-16091)
10.21 Assumption of Liabilities and Indemnification Agreement, dated March 1, 1993, amended and restated by Amended
and Restated Assumption of Liabilities and Indemnification Agreement, dated April 27, 1993 (incorporated by
reference to Exhibit 10.14 to The Geon Company’s Annual Report on Form 10-K for the fiscal year ended
December 31, 1996, SEC File No. 1-11804)
10.22+ Executive Severance Plan, as amended and restated effective May 15, 2014 (incorporated by reference to
Exhibit 10.1 to the Company’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2014, SEC File
No. 1-16091)
10.23+ Form of Director and Officer Indemnification Agreement (incorporated by reference to Exhibit 10.1 to the Company’s
Current Report on Form 8-K filed on July 5, 2006, SEC File No. 1-16091)
10.24+ Form of 2014 Award Agreement under the Avient Corporation 2010 Equity and Performance Incentive Plan, as
amended (incorporated by reference to Exhibit 10.2 to the Company’s Quarterly Report on Form 10-Q for the quarter
ended June 30, 2014, SEC File No. 1-16091)
10.25+ Form of 2021 Award Agreement under the Avient Corporation 2020 Equity and Incentive Compensation Plan
(incorporated by reference to Exhibit 10.25 to the Company’s Annual Report on Form 10-K for the fiscal year ended
December 31, 2020, SEC File No. 1-16091)
67 AVIENT CORPORATION
Exhibit No.
https://www.avient.com/sites/default/files/resources/PolyOne%25202016%2520Annual%2520Report%2520Web.pdf
Management has assessed the effectiveness of PolyOne’s internal control over financial reporting as of
December 31, 2016 and has prepared Management’s Annual Report On Internal Control Over Financial Reporting
contained on page 66 of this Annual Report, which concludes that as of December 31, 2016, PolyOne’s internal
control over financial reporting is effective and that no material weaknesses were identified.
9) Included for the first quarter 2015 are employee separation and restructuring costs of $10.6 million.
65POLYONE CORPORATION
66
ITEM 9.
https://www.avient.com/sites/default/files/2024-10/Avient_CodeConduct_2024_NETH2.pdf
Als
ze geen badge of pas hebben, volg dan onmiddellijk uw lokale
beveiligingsprocedures.
https://www.avient.com/sites/default/files/2021-08/avient-cdp-climate-change-questionnaire-2021.pdf
Country/Region Scope 2,
location-
based
Scope 2,
market-
based
Purchased and
consumed
electricity, heat,
Purchased and
consumed low-carbon
electricity, heat, steam or
Avient CDP Climate Change Questionnaire 2021 Tuesday, August 3, 2021
65
(metric tons
CO2e)
(metric tons
CO2e)
steam or cooling
(MWh)
cooling accounted for in
Scope 2 market-based
approach (MWh)
Belgium 1,348 1,195 6,704 335
Brazil 444 444 4,448 0
Canada 334 334 2,530 0
China 21,484 21,484 34,853 0
Czechia 185 36 373 312
Finland 131 346 1,117 0
France 658 516 11,948 0
Germany 8,802 9,812 21,936 5,834
Hungary 644 725 2,537 0
India 5,362 5,362 7,135 0
Italy 6,204 1,063 20,146 17,864
Luxembourg 35 100 222 0
Mexico 1,711 1,711 3,750 0
Netherlands 250 332 598 0
Peru 36 36 182 0
Poland 2,499 2,857 3,523 0
Saudi Arabia 8,214 8,214 15,865 0
Singapore 1,161 1,161 2,984 0
Spain 6,992 9,236 26,952 0
Thailand 4,369 4,369 9,016 0
United Kingdom of
Great Britain and
Northern Ireland
350 531 1,527 0
United States of
America
51,565 5,458 121,433 100,004
Turkey 3,317 3,317 7,119 0
Guatemala 252 252 660 0
Pakistan 1,218 1,218 3,101 0
Argentina 289 212 897 240
South Africa 830 830 927 0
Indonesia 1,111 1,111 1,451 0
Chile 46 46 114 0
Sweden 25 0 1,883 1,883
New Zealand 225 225 2,073 0
Avient CDP Climate Change Questionnaire 2021 Tuesday, August 3, 2021
66
Viet Nam 338 338 743 0
Colombia 375 375 2,338 0
Ireland 350 524 1,057 0
Malaysia 461 461 697 0
Taiwan, Greater
China
3,348 3,348 5,991 0
C7.6
(C7.6) Indicate which gross global Scope 2 emissions breakdowns you are able to
provide.
https://www.avient.com/sites/default/files/resources/PolyOne%25202017%2520Proxy%2520Statement.PDF
Performance Analysis
3-Year CEO SCT Pay
3-
Ye
ar
CE
O
SC
T
Pa
y
Potentialtt misii aligll nment:
Low perforr rmance/ high pay
Potentialtt misii alignmll ent:
Highii perforr rmance/ low pay
46
$0
$50
$100
$150
$200
$250
$300
$350
12/31/11 12/31/12 12/31/13 12/31/14 12/31/15 12/31/16
For purposes of this graph, pay is defined as the three-year sum of Summary Compensation Table pay for all
applicable elements including base salary, stock and option awards at grant value, non-equity incentive plan
compensation and all other compensation.
Equity Itt ncentive Plan Awards: Market or Payout Value of Unearned Shares, Units or Other Rights That Have
Not Vested (column (j))
The market value is determined based on the closing stock price of our common shares on December 30, 2016
($32.04).
66
2016 Option Exercises and Stock Vested
Option Awards Stock Awards
Acquired on Exercise
Value Realized on
Exercise
Acquired on Vesting
Value Realized
on Vesting
R.M.
https://www.avient.com/sites/default/files/resources/PolyOne%25202015%2520Annual%2520Report.pdf
D
OL
LA
RS
ADJUSTED EARNINGS PER SHARE*
*2009 has not been restated for subsequent changes in accounting principles or discontinued operations
.60
.50
.40
.30
.20
.10
2009 2010 2011 2012 2013 2014 2015
25 CONSECUTIVE QUARTERS OF YOY EPS GROWTH
0 + 43 + 49 + 52 + 59 + 66 + 7622 + 47 + 52 + 61 + 61 + 74 + 8739 + 48 + 46 + 61 + 60 + 74 + 8737 + 36 + 37 + 49 + 51 + 63 + 68PE
RC
EN
TA
GE
ADJUSTED CONSOLIDATED OPERATING MARGIN
12%
10%
8%
6%
4%
2%
0%
2009 2010 2011 2012 2013 2014 2015
8 2.8%
5.2%
5.6%
6.7%
6.9%
8.3%
9.5%
4
products introduced in the last five years.
In February 2015, the Cooperating
66 POLYONE CORPORATION
Parties submitted to the USEPA a remedial investigation report for the lower Passaic River.
https://www.avient.com/sites/default/files/2022-08/Avient CDP_Climate_Change_Questionnaire_2022.pdf
Avient CDP Climate Change Questionnaire 2022 Friday, July 29, 2022
66
Employee commuting
Evaluation status
Relevant, calculated
Emissions in reporting year (metric tons CO2e)
19,895
Emissions calculation methodology
Distance-based method
Percentage of emissions calculated using data obtained from suppliers or
value chain partners
0
Please explain
The mileage distance between employee's home and office was estimated using the
respective postal codes.
https://www.avient.com/sites/default/files/resources/PolyOne%2520Proxy%2520Statement%25202016.pdf
Performance Analysis
2-Year CEO SCT Pay
2-
Ye
ar
C
EO
S
T
Pa
y
Potential misalignment:
Low performance/ high pay
Potential misalignment:
High performance/ low pay
COMPENSATION DISCUSSION AND ANALYSIS
30
For purposes of this graph, pay is defined as the two-year sum of Summary Compensation Table pay for all
applicable elements including base salary, stock and option awards at grant value, non-equity incentive plan
compensation and all other compensation.