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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Cash Flows from Operating Activities      
Net (loss) income $ (21.8) $ 20.0 $ (107.4)
Loss from discontinued operations, net of tax 0.0 0.0 14.0
(Loss) income from continuing operations, net of tax (21.8) 20.0 (93.4)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation 81.1 84.3 83.3
Amortization 26.6 29.7 30.6
Provision for doubtful accounts 162.4 221.9 190.5
Provision for obsolescence 113.5 36.7 36.5
Share-based compensation 13.8 24.2 24.0
Foreign exchange losses 21.2 18.1 6.1
Deferred income taxes (49.0) (30.2) (8.5)
Charge for Argentinian monetary assets and liabilities (6.3) 0.0 0.0
Brazil IPI release (194.7) 0.0 0.0
Loss on deconsolidation of Venezuela 0.0 0.0 120.5
Other 18.5 39.6 (3.3)
Changes in assets and liabilities:      
Accounts receivable (102.8) (214.6) (216.6)
Inventories (99.6) (19.2) (28.6)
Prepaid expenses and other (49.3) 14.8 16.8
Accounts payable and accrued liabilities 73.1 12.3 (17.6)
Income and other taxes 63.2 4.1 (4.7)
Noncurrent assets and liabilities 42.8 29.5 (7.6)
Net cash provided by operating activities of continuing operations 92.7 271.2 128.0
Cash Flows from Investing Activities      
Capital expenditures (94.9) (97.3) (93.0)
Disposal of assets 4.8 5.9 13.3
Distribution from New Avon LLC 0.0 22.0 0.0
Reduction of cash due to Venezuela deconsolidation 0.0 0.0 (4.5)
Other investing activities (3.3) (0.2) 1.5
Net cash used by investing activities of continuing operations (93.4) (69.6) (82.7)
Cash Flows from Financing Activities      
Debt, net (maturities of three months or less) (10.7) 10.3 (36.4)
Proceeds from debt 0.0 0.0 508.7
Repayment of debt (289.1) (2.9) (733.0)
Repurchase of common stock (3.2) (7.2) (5.6)
Net proceeds from the sale of series C convertible preferred stock 0.0 0.0 426.3
Other financing activities (3.9) (0.2) (23.0)
Net cash (used) provided by financing activities of continuing operations (306.9) 0.0 137.0
Cash Flows from Discontinued Operations      
Net cash (used) provided by operating activities of discontinued operations 0.0 (8.6) (67.6)
Net cash used by investing activities of discontinued operations 0.0 0.0 (94.6)
Net cash (used) provided by discontinued operations 0.0 (8.6) (162.2)
Effect of exchange rate changes on cash and cash equivalents (37.5) 34.1 (50.4)
Net (decrease) increase in cash and cash equivalents (345.1) 227.1 (30.3)
Cash and equivalents at beginning of year [2] 881.5 [1] 654.4 [1] 684.7
Cash and equivalents at end of year [1] 536.4 881.5 [2] 654.4 [2]
Cash paid for:      
Interest 139.0 141.7 142.8
Income taxes, net of refunds received $ 87.4 $ 132.2 $ 143.3
[1] Includes cash and cash equivalents of $3.7 classified as Held for sale assets in our Consolidated Balance Sheets at the end of the year in 2018
[2] Includes cash and cash equivalents of discontinued operations of $(2.2) at the beginning of the year in 2016