Share-Based Compensation Plans (Tables)

12 Months Ended

Dec. 31, 2021

Share-based Payment Arrangement [Abstract]

Schedule of Allocation of Share-based Compensation Costs

For the years ended December 31:

	2021		2020		2019
Compensation cost for stock-based compensation	$	13.4	$	24.9	$	15.6
Total income tax (cost)/ benefit recognized for share-based arrangements	(.2)		1.9		1.3

Schedule of Valuation Assumptions

When estimating the fair value of each option, we used the following weighted-average assumptions for options granted during the year ended December 31, 2019:

	2019
Risk-free rate(1)	2.4%
Expected term(2)	7 years
Expected Avon volatility(3)	45%
Expected dividends	—%

(1)The risk-free rate was based upon the rate on a zero coupon U.S. Treasury bill, for periods within the contractual life of the option, in effect at the time of grant.

(2)The expected term of the option was based on the vesting terms of the respective option and a contractual life of 10 years.

(3)Expected Avon volatility was based on the daily historical volatility of our stock price, over a period similar to the expected life of the option.

Schedule of Share-based Payment Award, Performance Restricted Stock Units, Valuation Assumptions

When estimating the fair value of the PRSUs, we used the following weighted-average assumptions:

	2019 PRSUs
Risk-free rate(1)	2.4%
Expected Avon volatility(2)	54.8%
Expected average volatility(3)	29.9%
Expected dividends	—%

(1)The risk-free rate was based upon the rate on a zero coupon U.S. Treasury bill, for periods within the three year performance period, in effect at the time of grant.

(2)Expected Avon volatility was based on the weekly historical volatility of our stock price, over a period similar to the three year performance period of the 2019 PRSUs.

(3)Expected average volatility was based on the weekly historical volatility of the stock prices of each member of companies included in the S&P 400 index as of the date of the grant, over a period similar to the three year performance period of the 2019 PRSUs.

Schedule of Options Activity During Period

A summary of nominal cost options at December 31, 2021 and changes during 2021, is as follows:

	Nominal cost options (in 000’s)	Weighted-Average Modification-Date Fair Value
January 1, 2021	1,547	$	11.51
Granted	1,661	9.72
Exercised	(600)	(12.12)
Forfeited	(282)	(12.10)
Outstanding at December 31, 2021	2,326	$	10.00

Schedule of Share-Based Compensation Performance Restricted Stock Units Activity

A summary of performance share units at December 31, 2021 and changes during 2021, is as follows:

	Performance Share Units (in 000’s)	Weighted-Average Modification-Date Fair Value
January 1, 2021	1,543	$	20.91
Granted	628	17.32
Exercised	—	—
Forfeited	(317)	(20.45)
Outstanding at December 31, 2021	1,854	$	19.78