https://www.avient.com/sites/default/files/2024-03/2024 Proxy Statement_March.pdf
Board Diversity (1) 6 of 12 Director Nominees (1) Diversity characteristics are based on information self-identified by each director to the Company. Beggs — 5,391(1) 431,250(1) 862,500(1) — — — — — — 35,625(2) 285,000(2) 570,000(2) — — — — — 2/17/2023 — — — 8,750(3) 26,250(3) — 42.93 332,439 2/17/2023 — — — — — 7,750(6) — 332,708 M.A. 6) Annual Grant of RSUs.
https://www.avient.com/sites/default/files/2020-07/avient-abac-netherlands-200721.pdf
2 Omkoping van overheidsfunctionarissen 2 Commerciële omkoping 3 Faciliterende betalingen en smeergeld 3 Werken met vertegenwoordigers, distributeurs en andere derden 3 Due diligence- en goedkeuringsproces 3 Rode vlaggen 4 Vereisten op het gebied van boekhouding en administratie 4 Melden van mogelijke overtredingen 5 Ethische hotline van Avient 5 Bescherming tegen vergelding 5 Snelle verwijzing: ABAC WEL DOEN EN NIET DOEN 6 1 Ons internationale beleid tegen omkoping en corruptie Avient verbiedt ten strengste fraude, omkoping en andere corrupte bedrijfspraktijken bij al onze activiteiten overal ter wereld. subject= http://avient.ethicspoint.com 6 Snelle verwijzing: ABAC WEL DOEN EN NIET DOEN WEL DOEN • Beseffen dat Avient elke vorm van omkoping en corruptie verbiedt en geen faciliterende betalingen toestaat
https://www.avient.com/sites/default/files/2020-07/avient-abac-germany-200717.pdf
2 Bestechung von Staatsbediensteten 2 Bestechung im Wirtschaftsleben 3 Gefälligkeitszahlungen und Schmiergelder 3 Zusammenarbeit mit Vertretern, Vertriebspartnern und anderen Drittparteien 3 Due Diligence und Genehmigungsverfahren 4 Warnsignale 4 Anforderungen an die Buchführung 4 Meldung möglicher Verstöße 5 Ethik-Hotline von Avient 5 Schutz vor Vergeltungsmaßnahmen 5 Kurzübersicht: Richtige und falsche Handlungsweisen im Zusammenhang mit ABAC 6 1 Unsere globale Richtlinie zur Bekämpfung von Bestechung und Korruption Avient untersagt ausdrücklich Betrug, Bestechung und andere korrupte Geschäftspraktiken bei all seinen Geschäftstätigkeiten weltweit. subject= http://avient.ethicspoint.com 6 Kurzübersicht: Richtige und falsche Handlungsweisen im Zusammenhang mit ABAC RICHTIG • Machen Sie sich bewusst, dass Avient jedwede Art von Bestechung und Korruption untersagt und keine Gefälligkeitszahlungen gestattet • Machen Sie sich mit den für Ihre Arbeit geltenden Aspekten unserer ABAC-Richtlinien vertraut und geben Sie diese an die Ihnen unterstellten Mitarbeiter und Drittparteien weiter • Stellen Sie Fragen, wenn Sie Zweifel hinsichtlich der Richtlinien oder der erforderlichen Maßnahmen haben • Melden Sie Verstöße oder mutmaßliche Verstöße unverzüglich Ihrem Vorgesetzten, der Rechtsabteilung oder der Ethik-Hotline • Machen Sie sich bewusst, dass „geldwert“ nicht unbedingt die Umrechnung in einen Geldbetrag bedeutet • Bestechung kann auch Folgendes umfassen: • Zahlungsmittel und Zahlungsmitteläquivalente (Geschenkkarten oder Geschenkgutscheine) • Geschenke, Unterhaltung und Bewirtung, die keinem eindeutigen geschäftlichen Zweck dienen oder den angemessenen Rahmen der geschäftlichen Anforderungen überschreiten • Zahlungen für Reisekosten oder Urlaubsreisen • Zahlung an einen Staatsbediensteten, damit dieser die Anwendung einer geltenden Zollvorschrift ignoriert oder eine Steuerrückzahlung beschleunigt • Persönliche Dienstleistungen, Gefälligkeiten und Darlehen • Angebote einer Anstellung oder anderer Vorteile für ein Familienmitglied oder einen Freund der Person, die über Einfluss verfügt • Unterstützung politischer Parteien und Bewerbern um öffentliche Ämter • Wohltätige Spenden und gemeinnützige Patenschaften • Zu den weniger offensichtlichen Zuwendungen gehören Sachleistungen, Anlagemöglichkeiten und vorteilhafte oder gelenkte Unterverträge • Machen Sie sich bewusst, dass das Verbot unabhängig davon gilt, ob eine Zuwendung direkt der betreffenden Person oder einer anderen Person, wie z.
https://www.avient.com/sites/default/files/2020-07/avient-abac-polish-200721.pdf
2 Korumpowanie urzędników państwowych 2 Przekupstwo komercyjne 3 Płatności przyspieszające bieg spraw i nielegalne prowizje 3 Praca z agentami, dystrybutorami i innymi podmiotami zewnętrznymi 3 Analiza due diligence i proces zatwierdzania współpracy 3 Sygnały ostrzegawcze 4 Wymagania dotyczące rachunkowości i prowadzenia dokumentacji 4 Zgłaszanie możliwych naruszeń 5 Infolinia ds. etyki Avient 5 Ochrona przed działaniami odwetowymi 5 Krótkie podsumowanie: PORADNIK ANTYKORUPCYJNY 6 1 Nasza globalna polityka przeciwdziałania łapownictwu i korupcji Avient surowo zabrania stosowania nadużyć finansowych, łapownictwa i innych praktyk biznesowych o charakterze korupcyjnym w ramach naszej działalności gospodarczej w każdym miejscu na świecie. subject= http:// avient.ethicspoint.pl 6 Krótkie podsumowanie: PORADNIK ANTYKORUPCYJNY Tak... • Firma Avient zabrania jakiejkolwiek formy przekupstwa i korupcji i nie zezwala na przekazywanie płatności przyspieszających tok sprawy
https://www.avient.com/sites/default/files/2020-07/avient-abac-hindi-200721.pdf
2 सरकारी अधिकारियों की रिश्वत 2 वाणिज्यिक रिश्वतखोरी 3 सुविधात्मक भुगतान और किकबैक 3 एजेंटों, वितरकों और अन्य तृतीय पक्षों के साथ कार्य करना 3 समुचित जाँच-पड़ताल और अनुमोदन प्रक्रिया 3 खतरे के संकेत 4 लेखांकन एवं अभिलेख रखने संबंधी आवश्यकताएं 4 संभावित उल्लंघनों की सूचना देना 4 Avient एथिक्स हॉटलाइन 5 प्रतिशोध से सुरक्षा 5 त्वरित संदर्भ: एबीएसी की करने-योग्य और न-करने-योग्य बातें 6 1 हमार ी व ैशव्ि क रि शव्तखोर ी-रोध ी एव ं भर्षट्ाचार-रोध ी न ीति Avient अ प न े सभ ी वय् ा प ा र ि क पर् च ा ल न ो ं म े ं ध ो ख ाध डी़, र ि शव् त ख ो र ी ए व ं अ नय् भर् षट् वय् ा प ा र ि क क ा रय् पर्थ ाओ ं क ो स ख ़त् त ौ र प र न ि ष ि दध् क र त ी ह ।ैविषय-सूची http://avient.ethicspoint.com 6 तव्रि त स दंरभ्: एब ीएस ी क ी करन -ेयोग ्य और न-करन -ेयोग ्य बात े ं करन -ेयोग ्य बात े ं • यह जान लें कि Avient रिश्वत और भ्रष्टाचार के किसी भी रूप को प्रतिबंधित करता है और सुविधा भुगतान की अनुमति नहीं देता है • हमारी एबीएसी नीतियों के लागू पक्षों से परिचित होना और उन्हें अपने से नीचे कार्य करने वाले कर्मचारियों और तृतीय पक्षों तक पहुँचाना • यदि नीति या की जाने वाली कार्रवाई अस्पष्ट हो तो प्रश्न पूछना • अपने पर्यवेक्षक, कानूनी विभाग या एथिक्स हॉटलाइन के तुरंत उल्लंघन या संदिग्ध उल्लंघन की रिपोर्ट करना • जान लें कि "मूल्य" को अवश्य करके मौद्रिक शब्दों में नहीं मापा जाता है • जान लें कि रिश्वत में निम्नलिखित शामिल हो सकते हैं: • नकदी और नकदी के समतुल्य (गिफ़्ट कार्ड या गिफ़्ट प्रमाणपत्र) • मनोरंजन, आतिथ्य और सत्कार जहां कोई स्पष्ट व्यावसायिक उद्देश्य नहीं है या वे उचित व्यावसायिक आवश्यकताओं से परे हैं • यात्रा के खर्च का भुगतान या छुट्टियां प्रदान करना • किसी सरकारी अधिकारी को कोई लागू सीमा शुल्क आवश्यकता को अनदेखा करने या किसी कर वापसी (टैक्स रिफ़ंड) की गति बढ़ाने के लिए भुगतान करना • व्यक्तिगत सेवाएं, अनुग्रह या ऋण • व्यक्ति के किसी प्रभावशाली परिजन या मित्र के लिए नियुक्ति या अन्य लाभों की पेशकश • राजनैतिक दलों और प्रत्याशियों को चंदे • परोपकारी चंदे और प्रायोजन • अन्य कम स्पष्ट वस्तुओं में शामिल वस्तुपरक योगदान, निवेश के अवसर और अनुकूल या स्टीयरिंग उप-निर्माण • जान लें कि कोई वस्तु चाहे सीधे अधिकारी को लाभ पहुँचाए या किसी अन्य व्यक्ति जैसे किसी परिजन, मित्र या व्यापारिक सहयोगी को, यह निषेध लागू होता है।
https://www.avient.com/sites/default/files/2020-07/avient-abac-spanish-spain-200720.pdf
2 Soborno de funcionarios gubernamentales 2 Soborno comercial 3 Pagos de facilitación y comisiones 3 Trabajo con agentes, distribuidores y otros terceros 3 Proceso de diligencia debida y aprobación 3 Señales de alarma 4 Requisitos contables y de mantenimiento de registros 4 Informes de posibles infracciones 4 Línea Directa de Ética de Avient 5 Protección contra represalias 5 Referencia rápida: PUNTOS DEBE Y NO DEBE DE LA POLÍTICA ABAC 6 1 Nuestra Política Global contra el Soborno y la Corrupción Avient prohíbe estrictamente el fraude, el soborno y otras prácticas comerciales corruptas en todas nuestras operaciones comerciales en cualquier lugar del mundo. Índice http://avient.ethicspoint.com 6 Referencia rápida: PUNTOS DEBE Y NO DEBE DE LA POLÍTICA ABAC Debe... • Saber que Avient prohíbe cualquier forma de soborno y corrupción y no permite pagos de facilitación • Familiarizarse con los aspectos pertinentes de las Políticas ABAC y comunicárselos a los subordinados y terceros • Plantear preguntas si no están claros la Política o los pasos que hay que dar • Informar inmediatamente de infracciones o sospechas de infracción a su supervisor, el Departamento Jurídico o la Línea Directa de Ética • Saber que el “valor” no se mide necesariamente en términos monetarios • Saber que los sobornos pueden incluir lo siguiente: • Dinero en efectivo y equivalentes de efectivo (tarjetas obsequio o certificados de regalo) • Obsequios, entretenimiento y atenciones cuando no exista una finalidad empresarial clara o vayan más allá de las necesidades empresariales • Pago de vacaciones o gastos de viaje • Pagar a un funcionario gubernamental para que ignore un requisito aduanero pertinente o acelere una devolución fiscal • Servicios, favores y préstamos personales • Ofertas de empleo u otros beneficios a familiares o amigos de la persona que tenga influencia • Contribuciones a partidos políticos y candidatos • Donaciones benéficas y patrocinios • Otros artículos menos obvios incluyen contribuciones en especie, oportunidades de inversión y subcontratos favorables o dirigidos • Saber que la prohibición es de aplicación tanto si el artículo beneficiaría directamente a la persona o a otra persona, como un familiar, un amigo o un socio comercial • Mantener libros, registros y cuentas con detalles razonables y reflejar de forma precisa y justa la transacción • Llevar a cabo la diligencia debida sobre agentes, distribuidores y otros terceros antes de comprometerse y durante la relación, y obtener la aprobación del Departamento Legal • Gestionar y controlar de forma apropiada las actividades comerciales realizadas a través de terceros NO debe... • Ofrecer, prometer, pagar o autorizar el pago de cualquier cosa de valor a algún funcionario gubernamental y/o empleados del sector privado para ayudar a que Avient obtenga o mantenga negocios o se garantice alguna otra ventaja comercial inapropiada.
https://www.avient.com/sites/default/files/2023-06/AVIENT_TPEs and LSR eBook.pdf
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https://www.avient.com/sites/default/files/2022-11/Avient Announces Third Quarter 2022 Results.pdf
You are advised to consult any further disclosures we make on related subjects in our reports on Form 10-Q, 8-K and 10-K that we provide to the Securities and Exchange Commission. 6 Non-GAAP Financial Measures The Company uses both GAAP (generally accepted accounting principles) and non-GAAP financial measures. 2) Tax adjustments include the net tax benefit/ (expense) from one-time income tax items, the set-up or reversal of uncertain tax position reserves and deferred income tax valuation allowance adjustments. 10 Attachment 4 Avient Corporation Condensed Consolidated Balance Sheets (In millions) (Unaudited) 2022年9月30日 2021年12月31日 ASSETS Current assets: Cash and cash equivalents $ 544.4 $ 601.2 Accounts receivable, net 504.6 439.9 Inventories, net 441.5 305.8 Current assets held for sale 367.8 360.2 Other current assets 130.0 119.9 Total current assets 1,988.3 1,827.0 Property, net 965.4 672.3 Goodwill 1,491.0 1,284.8 Intangible assets, net 1,525.7 925.2 Operating lease assets, net 56.0 58.2 Non-current assets held for sale — 22.0 Other non-current assets 280.7 207.7 Total assets $ 6,307.1 $ 4,997.2 LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities: Short-term and current portion of long-term debt $ 613.9 $ 8.6 Accounts payable 448.7 429.5 Current operating lease obligations 18.1 21.1 Current liabilities held for sale 170.3 141.3 Accrued expenses and other current liabilities 304.6 340.2 Total current liabilities 1,555.6 940.7 Non-current liabilities: Long-term debt 2,502.9 1,850.3 Pension and other post-retirement benefits 91.6 99.9 Deferred income taxes 210.4 100.6 Non-current operating lease obligations 35.7 37.3 Non-current liabilities held for sale — 13.1 Other non-current liabilities 174.8 164.8 Total non-current liabilities 3,015.4 2,266.0 SHAREHOLDERS' EQUITY Avient shareholders’ equity 1,720.4 1,774.7 Noncontrolling interest 15.7 15.8 Total equity 1,736.1 1,790.5 Total liabilities and equity $ 6,307.1 $ 4,997.2 11 Attachment 5 Avient Corporation Condensed Consolidated Statements of Cash Flows (Unaudited) (In millions) Nine Months Ended 2022年9月30日 2021 Operating Activities Net income $ 158.5 $ 201.7 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization 110.3 105.8 Accelerated depreciation 4.0 1.9 Share-based compensation expense 9.5 8.4 Changes in assets and liabilities, net of the effect of acquisitions: Increase in accounts receivable (66.5) (199.7) Increase in inventories (12.5) (156.2) Increase in accounts payable 43.5 95.3 Decrease in pension and other post-retirement benefits (15.8) (14.2) (Decrease) increase in accrued expenses and other assets and liabilities, net (7.1) 67.0 Net cash provided by operating activities 223.9 110.0 Investing activities Capital expenditures (55.1) (62.7) Business acquisitions, net of cash acquired (1,426.1) (47.6) Settlement of foreign exchange derivatives 93.3 — Net cash proceeds used by other assets — (2.0) Net cash used by investing activities (1,387.9) (112.3) Financing activities Debt proceeds 1,300.0 — Purchase of common shares for treasury (36.4) (4.2) Cash dividends paid (65.2) (58.2) Repayment of long-term debt (6.8) (16.5) Payments of withholding tax on share awards (4.2) (9.1) Debt financing costs (49.3) — Other financing activities — (3.5) Net cash provided (used) by financing activities 1,138.1 (91.5) Effect of exchange rate changes on cash (30.9) (10.5) Decrease in cash and cash equivalents (56.8) (104.3) Cash and cash equivalents at beginning of year 601.2 649.5 Cash and cash equivalents at end of period $ 544.4 $ 545.2 12 Attachment 6 Avient Corporation Business Segment Operations (Unaudited) (In millions) Operating income and earnings before interest, taxes, depreciation and amortization (EBITDA) at the segment level does not include: special items as defined in Attachment 3; corporate general and administration costs that are not allocated to segments; intersegment sales and profit eliminations; share-based compensation costs; and certain other items that are not included in the measure of segment profit and loss that is reported to and reviewed by the chief operating decision maker.
https://www.avient.com/sites/default/files/2023-02/AVNT Q4 2022 Earnings Press Release-1.pdf
For more information, visit https://www.avient.com. 6 Forward-looking Statements In this press release, statements that are not reported financial results or other historical information are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. 2) Tax adjustments include the net tax benefit/(expense) from non-recurring income tax items, adjustments to uncertain tax position reserves and deferred income tax valuation allowances. 11 Attachment 4 Avient Corporation Condensed Consolidated Balance Sheets (Unaudited) (In millions) Year Ended 2022年12月31日 2021 ASSETS Current assets: Cash and cash equivalents $ 641.1 $ 601.2 Accounts receivable, net 440.6 439.9 Inventories, net 372.7 305.8 Current assets held for sale — 360.2 Other current assets 115.3 119.9 Total current assets 1,569.7 1,827.0 Property, net 1,049.2 672.3 Goodwill 1,671.9 1,284.8 Intangible assets, net 1,597.6 925.2 Operating lease assets, net 60.4 58.2 Non-current assets held for sale — 22.0 Other non-current assets 136.2 207.7 Total assets $ 6,085.0 $ 4,997.2 LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities: Short-term and current portion of long-term debt $ 2.2 $ 8.6 Accounts payable 454.4 429.5 Current operating lease obligations 17.0 21.1 Current liabilities held for sale — 141.3 Accrued expenses and other current liabilities 395.8 340.2 Total current liabilities 869.4 940.7 Non-current liabilities: Long-term debt 2,176.7 1,850.3 Pension and other post-retirement benefits 67.2 99.9 Deferred income taxes 342.5 100.6 Non-current operating lease obligations 40.9 37.3 Non-current liabilities held for sale — 13.1 Other non-current liabilities 235.5 164.8 Total non-current liabilities 2,862.8 2,266.0 SHAREHOLDERS' EQUITY Avient shareholders’ equity 2,334.5 1,774.7 Noncontrolling interest 18.3 15.8 Total equity 2,352.8 1,790.5 Total liabilities and equity $ 6,085.0 $ 4,997.2 12 Attachment 5 Avient Corporation Condensed Consolidated Statements of Cash Flows (Unaudited) (In millions) Year Ended 2022年12月31日 2021 Operating activities Net income $ 703.4 $ 230.6 Adjustments to reconcile net income to net cash provided by operating activities: Gain on sale of business, net of tax expense (550.1) — Depreciation and amortization 157.6 144.2 Accelerated depreciation 5.5 1.7 Amortization of inventory step-up 34.4 1.5 Deferred income tax expense (benefit) 0.5 (27.3) Share-based compensation expense 13.2 11.2 Changes in assets and liabilities, net of the effect of acquisitions: Decrease (increase) in accounts receivable 32.6 (143.1) Decrease (increase) in inventories 14.0 (141.0) Increase in accounts payable 10.7 95.3 Increase (decrease) in pension and other post-retirement benefits 7.1 (10.9) Taxes paid on gain on divestiture (2.8) — (Decrease) increase in accrued expenses and other assets and liabilities, net (27.7) 71.6 Net cash provided by operating activities 398.4 233.8 Investing activities Capital expenditures (105.5) (100.6) Business acquisitions, net of cash acquired (1,426.1) (47.6) Settlement of foreign exchange derivatives 93.3 — Proceeds from divestiture 928.2 — Other investing activities 6.1 (2.0) Net cash used by investing activities (504.0) (150.2) Financing activities Debt offering proceeds 1,300.0 — Purchase of common shares for treasury (36.4) (4.2) Cash dividends paid (86.8) (77.7) Repayment of long-term debt (956.8) (18.5) Payments on withholding tax on share awards (4.3) (10.7) Debt financing costs (49.3) — Other financing activities — (3.5) Net cash provided (used) by financing activities 166.4 (114.6) Effect of exchange rate changes on cash (20.9) (17.3) Increase (decrease) in cash and cash equivalents 39.9 (48.3) Cash and cash equivalents at beginning of year 601.2 649.5 Cash and cash equivalents at end of year $ 641.1 $ 601.2 13 Attachment 6 Avient Corporation Business Segment Operations (Unaudited) (In millions) Operating income at the segment level does not include: special items as defined in Attachment 3; corporate general and administration costs that are not allocated to segments; intersegment sales and profit eliminations; share-based compensation costs; and certain other items that are not included in the measure of segment profit and loss that is reported to and reviewed by the chief operating decision maker.
https://www.avient.com/sites/default/files/2022-07/Avient Announces Second Quarter 2022 Results_1.pdf
Rose Vice President, Corporate Communications Avient Corporation +1 440-930-3162 kyle.rose@avient.com mailto:giuseppe.disalvo@avient.com mailto:giuseppe.disalvo@avient.com mailto:kyle.rose@avient.com 6 Attachment 1 Avient Corporation Summary of Condensed Consolidated Statements of Income (Unaudited) (In millions, except per share data) Three Months Ended June 30, Six Months Ended 2022年6月30日 2021 2022 2021 Sales $ 1,302.4 $ 1,235.2 $ 2,596.2 $ 2,397.5 Operating Income 129.5 108.1 258.1 228.5 Net income attributable to Avient shareholders 84.7 68.8 168.9 148.1 Basic earnings per share attributable to Avient shareholders $ 0.93 $ 0.75 $ 1.85 $ 1.62 Diluted earnings per share attributable to Avient shareholders $ 0.92 $ 0.74 $ 1.83 $ 1.60 Senior management uses comparisons of adjusted net income attributable to Avient shareholders and diluted adjusted earnings per share (EPS) attributable to Avient shareholders, excluding special items, to assess performance and facilitate comparability of results. 2) Tax adjustments include the net tax benefit/(expense) from one-time income tax items, the set-up or reversal of uncertain tax position reserves and deferred income tax valuation allowance adjustments. 9 Attachment 4 Avient Corporation Condensed Consolidated Balance Sheets (In millions) (Unaudited) 2022年6月30日 2021年12月31日 ASSETS Current assets: Cash and cash equivalents $ 645.1 $ 601.2 Accounts receivable, net 752.6 642.3 Inventories, net 494.0 461.1 Other current assets 128.4 122.4 Total current assets 2,020.1 1,827.0 Property, net 638.9 676.1 Goodwill 1,256.8 1,286.4 Intangible assets, net 867.2 925.2 Operating lease assets, net 62.7 74.1 Other non-current assets 197.9 208.4 Total assets $ 5,043.6 $ 4,997.2 LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities: Short-term and current portion of long-term debt $ 607.7 $ 8.6 Accounts payable 634.0 553.9 Current operating lease obligations 21.4 24.2 Accrued expenses and other current liabilities 307.5 353.9 Total current liabilities 1,570.6 940.6 Non-current liabilities: Long-term debt 1,249.1 1,850.3 Pension and other post-retirement benefits 95.0 100.0 Deferred income taxes 106.6 100.6 Non-current operating lease obligations 41.8 50.1 Other non-current liabilities 154.7 165.1 Total non-current liabilities 1,647.2 2,266.1 SHAREHOLDERS' EQUITY Avient shareholders’ equity 1,809.7 1,774.7 Noncontrolling interest 16.1 15.8 Total equity 1,825.8 1,790.5 Total liabilities and equity $ 5,043.6 $ 4,997.2 10 Attachment 5 Avient Corporation Condensed Consolidated Statements of Cash Flows (Unaudited) (In millions) Six Months Ended 2022年6月30日 2021 Operating Activities Net income $ 169.2 $ 149.1 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization 71.1 69.5 Accelerated depreciation and amortization 3.2 1.4 Share-based compensation expense 6.3 5.6 Changes in assets and liabilities, net of the effect of acquisitions: Increase in accounts receivable (133.2) (196.1) Increase in inventories (45.9) (88.1) Increase in accounts payable 98.5 108.4 Decrease in pension and other post-retirement benefits (9.9) (9.2) (Decrease) increase in accrued expenses and other assets and liabilities, net (52.6) 27.5 Net cash provided by operating activities 106.7 68.1 Investing activities Capital expenditures (34.0) (42.1) Settlement of cross-currency swaps 75.1 — Net cash proceeds used by other assets — (2.0) Net cash provided (used) by investing activities 41.1 (44.1) Financing activities Purchase of common shares for treasury (36.4) (4.2) Cash dividends paid (43.5) (38.8) Repayment of long-term debt (4.4) (4.4) Payments of withholding tax on share awards (4.1) (4.2) Net cash used by financing activities (88.4) (51.6) Effect of exchange rate changes on cash (15.5) (5.7) Increase (decrease) in cash and cash equivalents 43.9 (33.3) Cash and cash equivalents at beginning of year 601.2 649.5 Cash and cash equivalents at end of period $ 645.1 $ 616.2 11 Attachment 6 Avient Corporation Business Segment Operations (Unaudited) (In millions) Operating income and earnings before interest, taxes, depreciation and amortization (EBITDA) at the segment level does not include: special items as defined in Attachment 3; corporate general and administration costs that are not allocated to segments; intersegment sales and profit eliminations; share-based compensation costs; and certain other items that are not included in the measure of segment profit and loss that is reported to and reviewed by the chief operating decision maker.