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Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2016
Dec. 31, 2015
Current Assets    
Cash and cash equivalents $ 741.5 $ 686.9
Accounts receivable, net 466.2 443.0
Inventories 665.5 624.0
Prepaid expenses and other 314.0 296.1
Current assets of discontinued operations 7.0 291.1
Total current assets 2,194.2 2,341.1
Property, plant and equipment, at cost 1,507.6 1,495.7
Less accumulated depreciation (764.3) (728.8)
Property, plant and equipment, net 743.3 766.9
Goodwill 96.1 92.3
Other assets 604.5 490.0
Noncurrent assets of discontinued operations 0.0 180.1
Total assets 3,638.1 3,870.4
Current Liabilities    
Debt maturing within one year 48.8 55.2
Accounts payable 723.7 774.2
Accrued compensation 138.8 157.6
Other accrued liabilities 417.9 419.6
Sales and taxes other than income 144.3 174.9
Income taxes 6.6 23.9
Payable to discontinued operations 0.0 100.0
Current liabilities of discontinued operations 12.0 489.7
Total current liabilities 1,492.1 2,195.1
Long-term debt 2,139.6 2,150.5
Employee benefit plans 164.9 177.5
Long-term income taxes 76.7 65.1
Other liabilities 162.1 78.4
Noncurrent liabilities of discontinued operations 0.0 260.2
Total liabilities 4,035.4 4,926.8
Commitments and contingencies (Note 8)
Series C convertible preferred stock 433.6 0.0
Shareholders’ Deficit    
Common stock 188.5 187.9
Additional paid-in capital 2,266.1 2,254.0
Retained earnings 2,308.0 2,448.1
Accumulated other comprehensive loss (1,009.8) (1,366.2)
Treasury stock, at cost (4,597.8) (4,594.1)
Total Avon shareholders’ deficit (845.0) (1,070.3)
Noncontrolling interests 14.1 13.9
Total shareholders’ deficit (830.9) (1,056.4)
Total liabilities, series C convertible preferred stock and shareholders’ deficit $ 3,638.1 $ 3,870.4