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Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2021
Dec. 31, 2020
Current Assets    
Cash and cash equivalents $ 239.7 $ 364.9
Restricted cash 0.0 7.8
Accounts receivable, net 248.1 259.1
Receivables from affiliates of Natura &Co 9.2 6.1
Inventories 467.0 459.1
Prepaid expenses and other 210.5 204.2
Assets held for sale 8.4 13.9
Total current assets 1,182.9 1,315.1
Property, plant and equipment, at cost 1,108.3 1,148.5
Less accumulated depreciation (692.4) (709.9)
Property, plant and equipment, net 415.9 438.6
Right-of-use assets 127.0 153.1
Goodwill 77.4 83.2
Deferred tax asset 127.6 135.8
Other assets 418.9 438.5
Total assets 2,349.7 2,564.3
Current Liabilities    
Debt maturing within one year 38.0 28.0
Loans from affiliates of Natura &Co 1,077.4 1,008.6
Accounts payable 623.9 709.4
Payables to affiliates of Natura &Co 3.0 0.0
Accrued compensation 86.3 89.4
Other accrued liabilities 295.4 334.7
Sales taxes and taxes other than income 80.4 89.9
Income taxes 4.1 5.4
Total current liabilities 2,229.1 2,294.8
Long-term debt 676.2 675.4
Long-term operating lease liability 99.0 120.9
Employee benefit plans 126.7 133.3
Long-term income taxes 98.6 101.1
Other liabilities 93.9 106.0
Total liabilities 3,323.5 3,431.5
Shareholders’ Deficit    
Common stock [1] 0.0 0.0
Additional paid-in capital 623.4 622.8
Retained losses (424.1) (360.5)
Accumulated other comprehensive loss (1,177.1) (1,133.8)
Treasury stock, at cost [1] 0.0 0.0
Total Avon shareholders’ deficit (977.8) (871.5)
Noncontrolling interests 4.0 4.3
Total shareholders’ deficit (973.8) [2] (867.2)
Total liabilities and shareholders’ deficit 2,349.7 2,564.3
Discontinued Operations    
Current Liabilities    
Current liabilities of discontinued operations and liabilities held for sale 20.6 27.1
Held for sale liabilities    
Current Liabilities    
Current liabilities of discontinued operations and liabilities held for sale $ 0.0 $ 2.3
[1] 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 common 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 Transaction, all of the issued and outstanding common stock of the Company, being 550,890,788, were canceled and converted. See Note 17, Mergers     with Natura Cosméticos S.A.
[2] The number of shares of Common Stock (par value $0.01 per share) outstanding at March 31, 2021 was 101.34.