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Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2020
Dec. 31, 2019
Current Assets    
Cash and cash equivalents $ 294.0 $ 650.6
Restricted cash 7.4 2.9
Accounts receivable, net 235.0 280.2
Inventories 415.8 452.3
Prepaid expenses and other 232.0 252.1
Assets held for sale 12.5 22.6
Total current assets 1,196.7 1,660.7
Property, plant and equipment, at cost 1,088.4 1,203.0
Less accumulated depreciation (655.3) (715.0)
Property, plant and equipment, net 433.1 488.0
Right-of-use assets 169.9 175.4
Goodwill 73.7 86.2
Deferred tax asset 130.1 161.2
Other assets 444.1 514.8
Total assets 2,447.6 3,086.3
Current Liabilities    
Debt maturing within one year 3.5 1.8
Accounts payable 593.0 723.3
Dividends payable 0.0 8.7
Accrued compensation 75.8 114.5
Other accrued liabilities 302.7 410.7
Sales taxes and taxes other than income 88.1 118.7
Income taxes 4.3 7.4
Current liabilities of discontinued operations 14.0 16.0
Payables to related party 91.5 0.0
Total current liabilities 1,172.9 1,401.1
Long-term debt 1,591.5 1,590.4
Long-term operating lease liability 137.7 143.3
Employee benefit plans 134.8 137.6
Long-term income taxes 110.9 128.7
Other liabilities 85.1 90.5
Total liabilities 3,232.9 3,491.6
Series C convertible preferred stock 0.0 578.5
Shareholders’ Deficit    
Common stock 0.0 192.6
Additional paid-in capital 523.4 2,321.2
Retained earnings (170.1) 2,138.9
Accumulated other comprehensive loss (1,144.3) (1,040.0)
Treasury stock, at cost 0.0 (4,603.3)
Total Avon shareholders’ deficit (791.0) (990.6)
Noncontrolling interests 5.7 6.8
Total shareholders’ deficit (785.3) [1] (983.8)
Total liabilities, series C convertible preferred stock and shareholders’ deficit $ 2,447.6 $ 3,086.3
[1] The number of shares of Common Stock (par value $0.01 per share) outstanding at March 31, 2020 was 101.34.