EX-12.1 4 ex121avons-3xcomputationof.htm EXHIBIT 12.1 Exhibit
Exhibit 12.1

AVON PRODUCTS, INC.
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
(Dollars in millions)
The following table sets forth our consolidated ratios of earnings to fixed charges for the periods indicated:
 
Six Months Ended June 30,
 
Years Ended December 31,
 
2016
 
2015
 
2014
 
2013
 
2012
 
2011
(Loss) income from continuing operations before taxes and noncontrolling interests   
$(86.20)
 
$22.7
 
$200.8
 
$277.9
 
$352.8
 
$842.4
Fixed charges   
83.3
 
161.1
 
154.0
 
179.7
 
160.6
 
143.5
Amortization of capitalized interest   
0.4
 
0.9
 
0.9
 
0.9
 
0.9
 
0.9
Capitalized interest   
-
 
-
 
-
 
(1.4)
 
(2.0)
 
(0.4)
Earnings   
$(2.5)
 
$184.7
 
$355.7
 
$457.1
 
$512.3
 
$986.4
 
 
 
 
 
 
 
 
 
 
 
 
Consolidated Ratios of Earnings to Fixed Charges   
-
 
1.1
 
2.3
 
2.5
 
3.2
 
6.9
Deficiency of Earnings to Fixed Charges   
$85.8
 
-
 
-
 
-
 
-
 
-






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