VALUATION AND QUALIFYING ACCOUNTS

12 Months Ended

Dec. 31, 2019

SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]

VALUATION AND QUALIFYING ACCOUNTS

AVON PRODUCTS, INC. AND SUBSIDIARIES

VALUATION AND QUALIFYING ACCOUNTS

Years ended December 31, 2019, 2018 and 2017

				Additions
(In millions) Description	Balance at Beginning of Period			Charged to Costs and Expenses			Charged to Revenue		Deductions			Balance at End of Period
2019
Allowance for doubtful accounts receivable	$	93.0		$	115.4		$	—	$	(141.8)	(1)	$	66.6
Refund liability	12.3			—			132.6		(134.2)		(2)	10.7
Allowance for inventory obsolescence	146.1			37.1			—		(101.2)		(5)	82.0
Deferred tax asset valuation allowance	3,257.5			(297.5)			—		—			2,960.0
2018
Allowance for doubtful accounts receivable	$	129.3		$	162.4		$	—	$	(198.7)	(1)	$	93.0
Refund liability	9.3		(3)	—			172.3		(169.3)		(2)	12.3
Allowance for inventory obsolescence	61.3			113.5		(4)	—		(28.7)		(5)	146.1
Deferred tax asset valuation allowance	3,217.6			39.9			—		—			3,257.5
2017
Allowance for doubtful accounts receivable	$	122.9		$	221.9		$	—	$	(215.5)	(1)	$	129.3
Refund liability	8.2			—			197.9		(196.8)		(2)	9.3		(3)
Allowance for inventory obsolescence	58.4			36.7			—		(33.8)		(5)	61.3
Deferred tax asset valuation allowance	3,296.0			(78.4)		(6)	—		—			3,217.6

(1)Accounts written off, net of recoveries and foreign currency translation adjustment.

(2)Returned product reused or destroyed and foreign currency translation adjustment.

(3)Due to the adoption of ASC 606, Revenue from Contracts with Customers, as of January 1, 2018, the allowance for sales returns was reclassified from a reduction of accounts receivable to a refund liability (within other accrued liabilities).

(4)Includes a one-off inventory obsolescence expense of $88 recognized at December 31, 2018 relating to the structural reset of inventory (refer to Note 17, Restructuring Initiatives, for additional information regarding the structural reset of inventory).

(5)Obsolete inventory destroyed and foreign currency translation adjustment. Deductions in 2018 were corrected in 2019 to recast the financial statements in the schedule above. There is no impact to the financial statements and the net inventory number was correctly presented. Given that the primary statements are not impacted, we have concluded this correction is not quantitatively or qualitatively material.

(6)Decrease in valuation allowance primarily related to a partial release of the U.S. valuation allowance as a result of the enactment of the Tax Cuts and Jobs Act in the U.S. and the impact of a business model change related to the move of the Company's headquarters from the U.S. to the UK.