RESTRUCTURING INITIATIVES (Tables)

6 Months Ended

Jun. 30, 2021

Restructuring and Related Activities [Abstract]

Summary of Restructuring and Related Costs

The costs during the three and six months ended June 30, 2021 and 2020 consisted of the following:

	Three Months Ended June 30,				Six Months Ended June 30,
	2021		2020		2021		2020
CTI recorded in operating profit - COGS
Inventory write-off	—		(.2)		.2		(.3)
	—		(.2)		.2		(.3)
CTI recorded in operating profit - SG&A
Net charges for employee-related costs, including severance benefits	21.1		.6		30.4		(1.7)
Implementation costs, primarily related to professional service fees	6.1		1.2		10.2		.7
Dual running costs	.3		.7		$	.6	1.5
Contract termination and other net benefits	2.4		.7		$	7.4	3.0
Impairment of other assets	—		—		$	—	.7
Accelerated depreciation	.2		—		$	.2	.4
Variable lease charges	.3		.4		$	.9	.9
	30.4		3.6		$	49.7	5.5
CTI recorded in operating profit	30.4		3.4		$	49.9	5.2
CTI recorded in other (expense) income
(Gain) loss on sale of business / assets	(1.5)		(.1)		$	(1.5)	(.1)
Total CTI	$	28.9	$	3.3	$	48.4	$	5.1
Avon Integration	$	3.8	$	1.5	$	9.9	$	1.5
Open Up & Grow	$	24.8	$	2.0	$	39.0	$	6.9
Transformation Plan	$	.3	$	(.2)	$	(.5)	$	(3.3)

Schedule of Restructuring Reserve

The liability balance included in other accrued liabilities in our Consolidated Balance Sheet for the restructuring actions associated with Open Up & Grow at June 30, 2021 is as follows:

	Employee-Related Costs		Inventory/Assets Write-offs		Contract Terminations/Other		Total
Balance at December 31, 2020	$	9.0	$	—	$	2.8	$	11.8
2021 charges	26.2		.2		1.5		27.9
Cash payments	(12.0)		—		(2.3)		(14.3)
Non-cash write-offs	—		(.2)		—		(.2)
Foreign exchange	(.1)		—		(.1)		(.2)
Balance at June 30, 2021	$	23.1	$	—	$	1.9	$	25.0

Schedule of Restructuring Charges Reportable by Business Segment

The following table presents the restructuring charges incurred to date under Avon Integration, Open Up & Grow (formerly Open Up Avon) and the Transformation Plan, along with the estimated charges expected to be incurred on approved initiatives under the plans:

	Employee- Related Costs		Inventory/ Asset Write-offs		Contract Terminations/Other		Foreign Currency Translation Adjustment Write-offs		Total
Avon Integration
Charges incurred to date	$	11.4	$	—	$	.2	$	—	$	11.6
Estimated charges to be incurred on approved initiatives	—		—		$	—	—		—
Total expected charges on approved initiatives	$	11.4	$	—	$	.2	$	—	$	11.6
Open Up & Grow
Charges incurred to date	$	112.0	$	106.6	$	13.8	$	(10.9)	$	221.5
Estimated charges to be incurred on approved initiatives	—		—		2.1		—		2.1
Total expected charges on approved initiatives	$	112.0	$	106.6	$	15.9	$	(10.9)	$	223.6

The charges, net of adjustments, of initiatives under the Open Up & Grow and the Transformation Plan, along with the estimated charges expected to be incurred on approved initiatives under the plans, by reportable segment are as follows:

	Avon International		Avon Latin America		Total
Avon Integration
2020	$	6.2	$	4.6	$	10.8
First quarter 2021	(.5)		2.0		1.5
Second quarter 2021	(.7)		—		(.7)
Charges incurred to date	5.0		6.6		11.6
Estimated charges to be incurred on approved initiatives	—		—		—
Total expected charges on approved initiatives	$	5.0	$	6.6	$	11.6
Open Up & Grow
2018	$	52.8	$	64.3	$	117.1
2019	34.7		36.9		71.6
2020	3.2		(.8)		2.4
First quarter 2021	9.4		(.1)		9.3
Second quarter 2021	21.1		—		21.1
Charges incurred to date	121.2		100.3		221.5
Estimated charges to be incurred on approved initiatives	2.1		—		2.1
Total expected charges on approved initiatives	$	123.3	$	100.3	$	223.6