DISCONTINUED OPERATIONS

9 Months Ended

Sep. 30, 2017

Discontinued Operations and Disposal Groups [Abstract]

DISCONTINUED OPERATIONS

DISCONTINUED OPERATIONS

On December 17, 2015, the Company entered into definitive agreements with affiliates controlled by Cerberus Capital Management, L.P. ("Cerberus"). The agreements include an investment agreement providing for a $435.0 investment by Cleveland Apple Investor L.P. (“Cerberus Investor”) (an affiliate of Cerberus) in the Company through the purchase of perpetual convertible preferred stock (see Note 5, Related Party Transactions) and a separation and investment agreement providing for the separation of the Company's North America business, which represented the Company's operations in the United States, Canada and Puerto Rico, from the Company into New Avon LLC ("New Avon"), a privately-held company that is majority-owned and managed by Cerberus NA Investor LLC (“Cerberus NA”) (an affiliate of Cerberus). These transactions closed on March 1, 2016.

The major classes of financial statement components comprising the loss on discontinued operations, net of tax for North America are shown below:

	Three Months Ended September 30,			Nine Months Ended September 30,
	2016			2016
Total revenue	$	—		$	135.2
Cost of sales	—			53.2
Selling, general and administrative expenses	1.0			90.0
Operating loss	(1.0		)	(8.0		)
Other income items	—			.6
Loss from discontinued operations, before tax	(1.0		)	(7.4		)
Gain (loss) on sale of discontinued operations, before tax	.3			(16.0		)
Income taxes	—			10.5
Loss from discontinued operations, net of tax	$	(.7	)	$	(12.9	)