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New Accounting Standards (Tables)
12 Months Ended
Dec. 31, 2018
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]  
Summary of Impact of Adoption of New Accounting Standards
The following tables summarize the impacts of adopting ASC 2017-07 on the Company's consolidated financial statements for the twelve months ended December 31, 2017 and 2016:
 
Impact of ASU 2017-07 adoption
Line items impacted within the Consolidated Statements of Operations
Per consolidated financial statements
 
Impact of adoption
 
As originally reported
 
2017
2016
 
2017
2016
 
2017
2016
SG&A expenses
$
3,231.0

$
3,136.9

 
$
(8.0
)
$
(1.9
)
(4) 
$
3,239.0

$
3,138.8

Operating profit
281.3

323.8

 
8.0

1.9

 
273.3

321.9

Other expense, net
34.6

172.9

 
8.0

1.9

 
26.6

171.0

Income before income taxes
120.7

31.2

 


 
120.7

31.2

The following tables summarize the impacts of adopting ASC 606 on the Company's consolidated financial statements for the twelve months ended December 31, 2018:
 
Impact of change in revenue recognition standard
Line items impacted within the Consolidated Statements of Operations
Per consolidated financial statements
 
Adjustments
 
Balances excluding the impact of adopting ASC 606
Revenue
 
 
 
 
 
Net sales
$
5,247.7

 
$
(28.5
)
(1) 
$
5,219.2

Other revenue
323.6

 
(200.7
)
(2) 
122.9

Total revenue
5,571.3

 
(229.2
)
 
5,342.1

Costs and expenses
 
 
 
 
 
Cost of sales
2,364.0

 
(277.4
)
(3) 
2,086.6

SG&A expenses
2,972.1

 
60.4

(4) 
3,032.5

Operating profit
235.2

 
(12.2
)
 
223.0

Income before income taxes
108.1

 
(12.2
)
 
95.9

Income taxes
(129.9
)
 
3.6

 
(126.3
)
Net loss
(21.8
)
 
(8.6
)
 
(30.4
)
Net loss attributable to Avon
(19.5
)
 
(8.6
)
 
(28.1
)
(1) Primarily relates to appointment kits, which were reclassified from SG&A, partially offset by the timing of recognition of sales incentives.
(2) Relates to Representative fees (primarily brochure fees, late payment fees and certain other fees), which were reclassified from SG&A. Brochure fees were also impacted by the timing of recognition.
(3) Primarily relates to the cost of sales incentives, the cost of brochures paid for by Representatives and the cost of appointment kits, which were reclassified from SG&A. The cost of sales incentives and the cost of brochures were also impacted by the timing of recognition.
(4) Relates to the cost of sales incentives, which were reclassified to cost of sales and were also impacted by the timing of recognition. This was partially offset by Representative fees, which were reclassified to other revenue, and appointment kits, which were reclassified to net sales and cost of sales.
 
Impact of change in revenue recognition standard
Line items impacted within the Consolidated Statements of Other Comprehensive Income
Per consolidated financial statements
 
Adjustments
 
Balances excluding the impact of adopting ASC 606
Net loss
$
(21.8
)
 
$
(8.6
)
 
$
(30.4
)
Foreign currency translation adjustments
(48.7
)
 
(3.5
)
 
(52.2
)
Total other comprehensive loss, net of income taxes
(104.4
)
 
(3.5
)
 
(107.9
)
Comprehensive loss
(126.2
)
 
(12.1
)
 
(138.3
)
Comprehensive loss attributable to Avon
(123.6
)
 
(12.1
)
 
(135.7
)
 
Impact of change in revenue recognition standard
Line items impacted within the Consolidated Balance Sheets
Per consolidated financial statements
 
Adjustments
 
Balances excluding the impact of adopting ASC 606
Accounts receivable, net
$
349.7

 
$
(8.2
)
(1) 
$
341.5

Inventories
542.0

 
(42.8
)
(2) 
499.2

Prepaid expenses and other
272.0

 
47.8

(2) 
319.8

Total current assets
1,762.0

 
(3.2
)
 
1,758.8

Other assets
603.0

 
(10.1
)
(3) 
592.9

Total assets
3,010.0

 
(13.3
)
 
2,996.7

Liabilities, Series C Convertible Preferred Stock and Shareholders’ Deficit
 
 
 
 
 
Other accrued liabilities
451.3

 
(38.0
)
(4) 
413.3

Income taxes
15.9

 
(3.6
)
 
12.3

Total current liabilities
1,496.5

 
(41.6
)
 
1,454.9

Other liabilities
72.1

 
(0.7
)
 
71.4

Total liabilities
3,414.7

 
(42.3
)
 
3,372.4

 
 
 
 
 
 
Retained earnings
2,234.3

 
32.5

(5) 
2,266.8

Accumulated other comprehensive loss
(1,030.4
)
 
(3.5
)
 
(1,033.9
)
Total Avon shareholders’ deficit
(904.5
)
 
29.0

 
(875.5
)
Total shareholders’ deficit
(896.8
)
 
29.0

 
(867.8
)
Total liabilities, series C convertible preferred stock and shareholders’ deficit
3,010.0

 
(13.3
)
 
2,996.7

(1) Relates to sales returns, which were reclassified from a reduction of accounts receivable to a refund liability (within other accrued liabilities) and a returns asset (within prepaid expenses and other).
(2) Primarily relates to sales incentives and brochures, both of which were reclassified from prepaid expenses and other to     inventories, and were also impacted by the timing of recognition. In addition, prepaid expenses and other was impacted by the timing of recognition of brochures, as well as the reclassification of sales returns (described above).
(3) Relates to deferred tax assets associated with the cumulative-effect adjustment.
(4) Primarily relates to the contract liability for sales incentives, which is partially offset by the lower accrual for sales incentives. In addition, other accrued liabilities was impacted by the reclassification of sales returns (described above).
(5) Relates to the $41.1 cumulative-effect adjustment upon adoption of ASC 606, partially offset by the year-to-date $8.6 net loss adjustment.
 
Impact of change in revenue recognition standard
Line items impacted within the Consolidated Statements of Cash Flows
Per consolidated financial statements
 
Adjustments
 
Balances excluding the impact of adopting ASC 606
Cash Flows from Operating Activities
 
 
 
 
 
Net loss
$
(21.8
)
 
$
(8.6
)
 
$
(30.4
)
Other
18.5

 
(3.5
)
 
15.0

Accounts receivable
(102.8
)
 
(.4
)
 
(103.2
)
Inventories
(99.6
)
 
3.5

 
(96.1
)
Prepaid expenses and other
(49.3
)
 
3.9

 
(45.4
)
Accounts payable and accrued liabilities
73.1

 
10.5

 
83.6

Income and other taxes
63.2

 
(3.6
)
 
59.6

Noncurrent assets and liabilities
42.8

 
(1.8
)
 
41.0