XML 43 R30.htm IDEA: XBRL DOCUMENT v3.19.1
SUBSEQUENT EVENTS
3 Months Ended
Mar. 31, 2019
Subsequent Events [Abstract]  
Subsequent Events SUBSEQUENT EVENTS
Sale of New Avon
In April 2019, we signed an agreement with LG Household & Health Care Ltd. to sell our 19.9% ownership interest in New Avon, a privately-held company that is majority-owned and managed by an affiliate of Cerberus. Refer to Note 3, Discontinued Operations, Asset and Liabilities Held for Sale and Divestitures, and Note 5, Investment in New Avon, for more information relating to New Avon.
LG Household & Health Care Ltd. will acquire all of the interests of New Avon for $125 in cash, of which Avon will receive $24.9 in cash for our 19.9% share. The closing is expected to occur on September 30, 2019.