FAIR VALUE (Tables)

9 Months Ended

Sep. 30, 2021

Fair Value of Assets and Liabilities Measured on a Recurring Basis

The following table presents the fair value hierarchy for those assets and liabilities measured at fair value on a recurring basis as of September 30, 2021:


	Level 1		Level 2		Total
Assets:

Foreign exchange forward contracts	$	—	$	2.7	$	2.7
Total	$	—	$	2.7	$	2.7
Liabilities:
Foreign exchange forward contracts	$	—	$	—	$	—
Total	$	—	$	—	$	—

The following table presents the fair value hierarchy for those assets and liabilities measured at fair value on a recurring basis as of December 31, 2020:


	Level 1		Level 2		Total
Assets:
Available-for-sale securities	$	4.2	$	—	$	4.2
Foreign exchange forward contracts	$	—	$	2.8	$	2.8
Total	$	4.2	$	2.8	$	7.0
Liabilities:
Foreign exchange forward contracts	$	—	$	6.0	$	6.0
Total	$	—	$	6.0	$	6.0

Summary of Carrying Value and Fair Value of Financial Instruments

The net asset (liability) amounts recorded in the balance sheet (carrying amount) and the estimated fair values of our remaining financial instruments at September 30, 2021 and December 31, 2020, respectively, consisted of the following:


	September 30, 2021				December 31, 2020
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Available-for-sale securities	$	—	$	—	$	4.2	$	4.2
Loans to affiliates of Natura &Co maturing within one year	44.9		44.9		—		—
Loans to affiliates of Natura &Co maturing after one year	51.1		51.1		—		—
Debt maturing within one year	(35.5)		(35.5)		(28.0)		(28.0)
Loans from affiliates of Natura &Co maturing within one year	(148.7)		(148.7)		(1,008.6)		(1,008.6)
Long-term debt(1)	(675.8)		(767.1)		(675.4)		(782.4)
Loans from affiliates of Natura &Co maturing after one year	(972.8)		(972.8)		—		—
Foreign exchange forward contracts	2.7		2.7		(3.2)		(3.2)

(1) The carrying value of long-term debt is presented net of debt issuance costs and includes any related discount or premium, as applicable.