Company: AVNT
Filing Date: 2025-06-17
Form Type: 11-K
Source: 0001122976-25-000044
Chunk: 5

Company: AVIENT CORP
Filing Date: 2025-06-17
Form: 11-K
Chunk 5
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. Actual results could differ from those estimates.

#### Benefit Payments
Benefit payments are recorded when paid.

#### Participant Notes Receivable
Participant notes receivable are recorded at their unpaid principal balances plus any accrued interest. Participant notes receivable are written off when deemed uncollectible.

#### Valuation of Investments and Income Recognition
Investments are stated at fair value. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (an exit price). See Note 4, Fair Value Measurement , for further discussion and disclosures related to fair value measurements.

Purchases and sales of securities are recorded on a trade-date basis, interest income is recorded on the accrual basis and dividends are recorded on the ex-dividend date. The Plan presents, in the Statement of Changes in Net Assets Available for Benefits , the net appreciation or depreciation in the fair value of its investments, which consists of the realized and unrealized gains or losses on those investments.

#### Subsequent Events
Management evaluates events occurring subsequent to the date of the financial statements in determining the accounting for and disclosure of transactions and events that affect the financial statements. Subsequent events have been evaluated through the report date which is the date the financial statements were available to be issued.

#### Note 3 — SELF-DIRECTED BROKERAGE ACCOUNTS
In addition to the standard investment options of the Plan, brokerage accounts are available to Plan participants through Fidelity National Financial Services, and are comprised of various investments made at the sole direction of the Plan participants.

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#### Note 4 — FAIR VALUE MEASUREMENT
In accordance with Accounting Standards Codification 820, Fair Value Measurement , assets and liabilities measured at fair value are categorized, based on the degree of subjectivity inherent in the valuation technique, into the following fair value hierarchy:

Level 1 - Inputs to the valuation methodology are quoted prices for identical assets or liabilities in active markets.

Level 2 - Inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument.

Level 3 - Inputs to the valuation methodology are unobservable and significant to the fair value measurement.

The level in the fair value hierarchy within which the fair value measurement is classified is determined based on the lowest level input that is significant to the fair value measure in its entirety. The Plan’s