EMPLOYEE BENEFIT PLANS

6 Months Ended

Jun. 30, 2016

General Discussion of Pension and Other Postretirement Benefits [Abstract]

EMPLOYEE BENEFIT PLANS

EMPLOYEE BENEFIT PLANS

	Three Months Ended June 30,
	Pension Benefits
Net Periodic Benefit Costs	U.S. Plans						Non-U.S. Plans						Postretirement Benefits
	2016			2015			2016			2015			2016			2015
Service cost	$	1.3		$	2.9		$	1.3		$	1.4		$	—		$	.1
Interest cost	.8			6.2			5.7			5.7			.3			.9
Expected return on plan assets	(1.0		)	(8.3		)	(8.7		)	(9.1		)	—			—
Amortization of prior service credit	—			(.2		)	—			—			—			(1.0		)
Amortization of net actuarial losses	1.6			11.5			1.7			2.1			(.1		)	.5
Settlements/curtailments	—			—			—			—			—			—
Net periodic benefit costs(1)	$	2.7		$	12.1		$	—		$	.1		$	.2		$	.5

	Six Months Ended June 30,
	Pension Benefits
Net Periodic Benefit Costs	U.S. Plans						Non-U.S. Plans						Postretirement Benefits
	2016			2015			2016			2015			2016			2015
Service cost	$	3.6		$	6.5		$	2.6		$	2.9		$	.1		$	.3
Interest cost	5.1			12.5			11.7			11.6			.9			1.8
Expected return on plan assets	(6.2		)	(16.6		)	(17.5		)	(18.2		)	—			—
Amortization of prior service credit	(.1		)	(.4		)	—			—			(.9		)	(2.0		)
Amortization of net actuarial losses	7.7			23.1			3.4			4.2			.1			1.0
Settlements/curtailments	.1			—			—			—			—			—
Net periodic benefit costs(1)	$	10.2		$	25.1		$	.2		$	.5		$	.2		$	1.1

⁽¹⁾ Includes $8.3 of U.S. pension for the three months ended June 30, 2015 and $4.4 and $17.2 of U.S. pension for the six months ended June 30, 2016 and 2015, respectively. Immaterial amounts of the postretirement benefit plans (related to the U.S.) are included in discontinued operations for the three months ended June 30, 2015 and for the six months ended June 30, 2016 and 2015. Amounts associated with the pension and postretirement benefit plans in Canada and the postretirement benefit plan in Puerto Rico, which are included in discontinued operations, have been excluded from all amounts in the tables above.

As part of the separation of the North America business, we transferred an initial estimate of $499.6 of pension liabilities under the U.S. defined benefit pension plan associated with current and former employees of the North America business and certain other former Avon employees, along with $358.0 of assets held by the U.S. defined benefit pension plan, to a defined benefit pension plan sponsored by New Avon. We also transferred an initial estimate of $60.4 of other postretirement liabilities (namely, retiree medical and supplemental pension liabilities) in respect of such employees and former employees. See Note 3, Discontinued Operations. We continue to retain certain U.S. pension and other postretirement liabilities primarily associated with employees who are actively employed by Avon outside of the North America business.

During the six months ended June 30, 2016, we made approximately $26 and $10 of contributions to the U.S. and non-U.S. defined benefit pension and postretirement benefit plans, respectively. During the remainder of 2016, we anticipate contributing approximately $1 and $10 to $15 to fund our U.S. and non-U.S. defined benefit pension and postretirement benefit plans, respectively.