Income before income taxes for the periods ended December 31, 2012, 2011 and 2010 consists of the following: Domestic $ 74.3 $ 148.2 $ 60.1 Foreign 38.7 50.5 51.2 Income before income taxes $ 113.0 $ 198.7 $ 111.3 66 POLYONE CORPORATION A summary of income tax (expense) benefit for the periods ended December 31, 2012, 2011 and 2010 is as follows: Current: Federal $ (11.3) $ (6.4) $ (4.8) State (1.3) (1.5) (0.9) Foreign (15.2) (14.6) (12.0) Total current $ (27.8) $ (22.5) $ (17.7) Deferred: Federal $ (15.8) $ (18.8) $ 71.1 State (0.5) 13.6 4.5 Foreign 2.9 1.6 (6.6) Total deferred $ (13.4) $ (3.6) $ 69.0 Total tax (expense) benefit $ (41.2) $ (26.1) $ 51.3 The principal items accounting for the difference in income taxes computed at the U.S. statutory rate for the periods ended December 31, 2012, 2011 and 2010 are as follows: Computed tax expense at 35% of income before income taxes $ (39.6) $ (69.5) $ (39.0) State tax, net of federal benefit (2.3) (2.7) (3.5) Differences in rates of foreign operations 3.4 4.0 1.4 Changes in valuation allowances (0.9) 13.0 106.4 Impact of foreign dividends — — (11.5) Tax benefits associated with O’Sullivan Engineered Films — 29.5 — Recognition of uncertain tax positions 0.1 (4.5) (2.0) Other, net (1.9) 4.1 (0.5) Income tax (expense) benefit $ (41.2) $ (26.1) $ 51.3 In 2011, we recognized income tax expense primarily related to the sale of our SunBelt joint venture offset by a tax benefit associated with our divested investment in O’Sullivan Engineered Films, Inc.

Following are our contributions to the RSP: Retirement savings match $ 9.8 $ 7.6 $ 7.1 Retirement benefit contribution 4.0 3.8 3.9 Total contributions $ 13.8 $ 11.4 $ 11.0 66 POLYONE CORPORATION Note 13 — COMMITMENTS AND CONTINGENCIES Environmental — We or our subsidiaries have been notified by federal and state environmental agencies and by private parties that we may be a potentially responsible party (PRP) in connection with the investigation and remediation of certain environmental sites.

The Cooperating Parties, along with other interested parties, have submitted comments, and the USEPA is currently reviewing the comments. 66 POLYONE CORPORATION Given the uncertainties related to the lower Passaic River, including the fact that the final remedial actions and scope, and the ultimate allocation to Franklin-Burlington, have not yet been determined, we are not able to assess or estimate our remedial liability, if any, related to this matter.

as Documentation Agents, and Wells Fargo Capital Finance, LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated, both as Joint Lead Arrangers and Bookrunners. 10.3+ Form of Award Agreement under the 2010 Equity and Performance Incentive Plan (incorporated by reference to Exhibit 10.1 to the Company’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2011, SEC File No. 1-16091). 10.4+ PolyOne Corporation 2010 Equity and Performance Incentive Plan (incorporated by reference to Exhibit 4.4 to the Company’s Registration Statement on Form S-8, Registration Statement No. 333-166775, filed on May 12, 2010) 10.5+ PolyOne Senior Executive Annual Incentive Plan (effective January 1, 2011) (incorporated by reference to Appendix B to the Company’s definitive proxy statement on Schedule 14A, SEC File No. 1-16091, filed on March 29, 2010) 10.6+ Form of Grant of Restricted Stock Units under the 2010 Long-Term Incentive Plan (incorporated by reference to Exhibit 10.1 to the Company’s 10.7+ Form of Grant of Stock-Settled Stock Appreciation Rights under the 2010 Long-Term Incentive Plan (incorporated by reference to Exhibit 10.2 to the Company’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2010, SEC File No. 1-16091) 10.8+ Form of Grant of Performance Units under the 2010 Long-Term Incentive Plan (incorporated by reference to Exhibit 10.3 to the Company’s 10.9+ Form of Award Agreement for Stock Appreciation Rights (incorporated by reference to Exhibit 10.2 to the Company’s Current Report on Form 8-K filed on January 11, 2005, SEC File No. 1-16091) 10.10+ 1999 Incentive Stock Plan, as amended and restated through August 31, 2000 (incorporated by reference to Exhibit 10.5 to the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2000, SEC File No. 1-16091) 10.11+ 2000 Stock Incentive Plan (incorporated by reference to Annex D to Amendment No. 3 to The Geon Company’s Registration Statement on Form S-4, Registration Statement No. 333-37344, filed on July 28, 2000) 10.12+ Amended and Restated Benefit Restoration Plan (Section 401(a)(17)) (incorporated by reference to Exhibit 10.8 of the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2007, SEC File No. 1-16091) 10.13+ Strategic Improvement Incentive Plan (incorporated by reference to Exhibit 10.9b to the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2001, SEC File No. 1-16091) 10.14+ 2005 Equity and Performance Incentive Plan (amended and restated by the Board as of July 21, 2005) (incorporated by reference to Exhibit 10.4 to the Company’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2005, SEC File No. 1-16091) 66 10.15+ Amended and Restated Deferred Compensation Plan for Non-Employee Directors (incorporated by reference to Exhibit 10.1 to the Company’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2010, SEC File No. 1-16091) 10.16+ Form of Management Continuity Agreement (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. 1-16091) 10.17+ Schedule of Executives with Management Continuity Agreements 10.18+ Amended and Restated PolyOne Supplemental Retirement Benefit Plan (incorporated by reference to Exhibit 10.15 to the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2007, SEC File No. 1-16091) 10.19+ Amended and Restated Letter Agreement, dated as of July 16, 2008, between the Company and Stephen D.

Sustainable Development (as defined by the World Commission on Environment and Development, 1987) 66672.indd main_1 3/25/19 4:00 PM 2 PEOPLE PolyOne Global 5K Fun Run and Walk in Bangkok, Thailand. 66672.indd main_2 3/25/19 4:00 PM 3 79% manufacturing sites INJURY FREE .51 INJURY RATE 50% REDUCTION in lacerations36% REDUCTION in acquisit ion injury rate 19 FE W ER IN JU RI ES 62%REDUCTIONin injury severity 66%IN CREA SE in consecutive days injury free As an ACC Responsible Care® company, our “safety fi rst” culture was built not through words, but through dedication, continuous improvement and action.