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Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2018
Dec. 31, 2017
Current Assets    
Cash and cash equivalents $ 443.9 $ 881.5
Accounts receivable, net 386.4 457.2
Inventories 662.2 598.2
Prepaid expenses and other 290.9 296.4
Total current assets 1,783.4 2,233.3
Property, plant and equipment, at cost 1,402.9 1,481.9
Less accumulated depreciation (768.7) (779.2)
Property, plant and equipment, net 634.2 702.7
Goodwill 94.9 95.7
Other assets 573.9 666.2
Total assets 3,086.4 3,697.9
Current Liabilities    
Debt maturing within one year 12.0 25.7
Accounts payable 729.5 832.2
Accrued compensation 109.2 130.3
Other accrued liabilities 400.9 405.6
Sales taxes and taxes other than income 123.4 153.0
Income taxes 8.6 12.8
Total current liabilities 1,383.6 1,559.6
Long-term debt 1,630.3 1,872.2
Employee benefit plans 134.2 150.6
Long-term income taxes 97.6 84.9
Long-term sales taxes and taxes other than income 191.1 193.1
Other liabilities 80.3 84.4
Total liabilities 3,517.1 3,944.8
Commitments and contingencies (Note 7)
Series C convertible preferred stock 479.8 467.8
Shareholders’ Deficit    
Common stock 190.3 189.7
Additional paid-in capital 2,297.5 2,291.2
Retained earnings 2,210.0 2,320.3
Accumulated other comprehensive loss (1,014.4) (926.2)
Treasury stock, at cost (4,602.3) (4,600.0)
Total Avon shareholders’ deficit (918.9) (725.0)
Noncontrolling interests 8.4 10.3
Total shareholders’ deficit (910.5) (714.7)
Total liabilities, series C convertible preferred stock and shareholders’ deficit $ 3,086.4 $ 3,697.9