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CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' DEFICIT - USD ($)
shares in Thousands, $ in Millions
Total
Cumulative Effect, Period of Adoption, Adjustment
Common Stock
Additional Paid-In Capital
Retained Earnings
Retained Earnings
Cumulative Effect, Period of Adoption, Adjustment
Accumulated Other Comprehensive Loss
Treasury Stock
Noncontrolling Interests
Balance at Dec. 31, 2017 $ (714.7) $ (41.1) $ 189.7 $ 2,291.2 $ 2,320.3 $ (41.1) $ (926.2) $ (4,600.0) $ 10.3
Balance (in shares) at Dec. 31, 2017     758,700         318,400  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net loss (21.8)       (19.5)       (2.3)
Other comprehensive income (loss) (104.4)           (104.2)   (0.2)
Dividends accrued - preferred stock (24.3)       (24.3)        
Exercise/ vesting/ expense of share-based compensation 12.8   $ 0.7 12.4 (1.1)     $ 0.8  
Exercise/ vesting/ expense of share-based compensation (in shares)     3,100         (100)  
Repurchase of common stock (3.2)   $ (0.1)         $ (3.1)  
Repurchase of common stock (in shares)               (1,100)  
Purchases and sales of noncontrolling interests, net of dividends paid (0.1)               (0.1)
Balance at Dec. 31, 2018 $ (896.8)   $ 190.3 2,303.6 2,234.3   (1,030.4) $ (4,602.3) 7.7
Balance (in shares) at Dec. 31, 2018     761,800         319,400  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Accounting Standards Update [Extensible List] us-gaap:AccountingStandardsUpdate201613Member                
Net loss $ (1.3)       (0.3)       (1.0)
Other comprehensive income (loss) (9.4)           (9.6)   0.2
Dividends accrued - preferred stock (25.5)       (25.5)        
Dividends accrued - common stock (8.7)       (8.7)        
Exercise/ vesting/ expense of share-based compensation 28.5   $ 2.6 25.9          
Exercise/ vesting/ expense of share-based compensation (in shares)     9,900            
Repurchase of common stock (9.6)   $ (0.3) (8.3)       $ (1.0)  
Repurchase of common stock (in shares)     (1,700)         (500)  
Remeasurement of Series C convertible preferred stock (60.9)       (60.9)        
Purchases and sales of noncontrolling interests, net of dividends paid (0.1)               (0.1)
Balance at Dec. 31, 2019 (983.8) $ (2.0) $ 192.6 2,321.2 2,138.9 $ (2.0) (1,040.0) $ (4,603.3) 6.8
Balance (in shares) at Dec. 31, 2019     770,000         319,900  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Gain on common control transaction 1.4       1.4        
Capitalization of payable [1] 91.5     91.5          
Net loss (365.5)       (362.8)       (2.7)
Other comprehensive income (loss) (93.6)           (93.8)   0.2
Conversion of Series C convertible preferred stock (in shares) [2]               (87,000)  
Conversion of Series C convertible preferred stock [2] 486.8       (710.8)     $ 1,197.6  
Exercise/ vesting/ expense of share-based compensation (2.0)   $ (0.2) (1.8)          
Exercise/ vesting/ expense of share-based compensation (in shares)     0            
Exchange of common stock (in shares) [3]     (770,000)         (232,900)  
Exchange of common stock [3] 0.0   $ (192.4) (1,788.1) (1,425.2)     $ 3,405.7  
Balance at Dec. 31, 2020 [4] $ (867.2)   $ 0.0 $ 622.8 $ (360.5)   $ (1,133.8) $ 0.0 $ 4.3
Balance (in shares) at Dec. 31, 2020 [4]     0         0  
[1] In January 2020 Natura &Co Holding paid the accrued dividends on the shares of series C preferred stock in an amount equal to U.S. $91.5 to Cerberus, resulting in a payable due to an affiliate of Natura &Co Holding for the same amount. See Note 17, Series C Convertible Preferred Stock, for discussion of preferred shares issued to Cleveland Apple Investor L.P. (“Cerberus Investor”). During 2020, the payable due to Natura &Co was capitalized and recorded as a capital contribution through Additional Paid in Capital.
[2] On December 30, 2019, an affiliate of Cerberus Capital Management, L.P. ("Cerberus") elected to convert 435,000 shares of Series C Preferred Stock into 87,000,000 shares of the Company’s common stock, par value U.S.$0.25 per share, conditioned on the Conversion Condition (as defined below). See Note 17, Series C Convertible Preferred Stock.
[3] In January 2020, subsequent to the Transaction, the Company restated its certificate of incorporation to effect a change in capitalization of the Company by changing the number of authorized shares of stock from 1,525,000,000 shares (of which (i) 1,500,000,000 shares, par value $0.25 per share, were common stock and (ii) 25,000,000 shares, par value $1.00 per share, were preferred stock) to 1,000 shares of common stock, par value $0.01 per share. As a result of the Merger, all of the issued and outstanding common stock of the Company, being 550,890,788, were canceled and converted. See Note 21, Mergers     with Natura Cosméticos S.A.,.
[4] The number of shares of Common Stock (par value $0.01 per share) outstanding at December 31, 2020 was 101.34.