SEGMENT INFORMATION (Tables)

9 Months Ended

Sep. 30, 2020

Summarized financial information concerning our reportable segments was as follows:


	Three Months Ended September 30,				Nine Months Ended September 30,
Total Revenue	2020		2019		2020		2019
Avon International	$	457.1	$	505.6	$	1,239.2	$	1,614.4
Avon Latin America (5)	540.0		682.4		1,319.9		1,935.3
Total revenue from reportable segments (1)	997.1		1,188.0		2,559.1		3,549.7
Revenue from affiliates to Natura &Co	.9		—		2.7		—
Total revenue(1)	998.0		1,188.0		2,561.8		3,549.7

Schedule of Operating Profit


	Three Months Ended September 30,				Nine Months Ended September 30,
Operating Profit	2020		2019		2020		2019
Segment Profit
Avon International	$	17.4	$	35.4	$	15.7	$	129.9
Avon Latin America(5)	22.0		108.0		(46.0)		174.4
Total profit from reportable segments (2)	$	39.4	$	143.4	$	(30.3)	$	304.3
Unallocated global expenses(3)	(3.2)		(8.9)		(5.0)		(26.9)
Certain Brazil indirect taxes(6)	—		—		10.6		—
CTI restructuring initiatives	(12.4)		(17.5)		(17.6)		(116.7)
Costs related to the Transaction (4)	—		(19.3)		(85.8)		(36.4)
Operating profit	$	23.8	$	97.7	$	(128.1)	$	124.3

(1)Total revenue also includes revenue from other business activities of $2.8 and $4.7 for the three months ended September 30, 2020 and 2019 and $11.6 and $14.7 for the nine months ended September 30, 2020 and 2019, respectively, allocated to Avon International and Avon Latin America segments. Other business activities include revenue from the sale of products to New Avon since the separation of the Company’s North America business into New Avon on March 1, 2016 and ongoing royalties from the licensing of our name and products. Previously reported amount has been allocated to Avon International and Avon Latin America segments to conform to the current year presentation.

(2)Total profit from reportable segments also includes profit from other business activities and central expenses allocated to Avon International and Avon Latin America segments. Other business activities of $1.3 and $.9 for the three months ended September 30, 2020 and 2019 and $5.4 and $2.0 for the nine months ended September 30, 2020 and 2019, respectively, include profit from the sale of products to New Avon since the separation of the Company’s North America business into New Avon on March 1, 2016 and ongoing royalties from the licensing of our name and products. Central expenses of $50.2 and $58.8 for the three months ended September 30, 2020 and 2019 and $153.2 and $187.2 for the nine months ended September 30, 2020 and 2019, respectively, include corporate general and administrative expenses allocated to Avon International and Avon Latin America to the extent they support the operating activity of the segment. Previously reported amounts has been allocated to segments to conform to the current year presentation.

(3)For the three and nine months ended September 30, 2020 and the three and nine months ended September 30, 2019, unallocated global expenses primarily include stewardship and other expenses not directly attributable to reportable segments.

(4)For the nine months ended September 30, 2020, costs related to the Transaction primarily include professional fees of approximately $46, severance payments of approximately $25 and acceleration of share based compensation of approximately $10 relating to these terminations triggered by change in control provisions. For the three months and nine month ended September 30, 2019, costs related to the Transaction primarily include professional fees and other impairment losses on assets. Refer to Note 18, Merger with Natura for more information relating to the Natura transaction.

(5)The three and nine month periods ended September 30, 2019 include the impact of certain Brazil indirect taxes, which were recorded in revenue in the amount of approximately $68.

(6)The nine month period ended September 30, 2020 includes the impact of certain Brazil indirect taxes, which were recorded in selling, general and administrative expenses, net in the amounts of approximately $11.