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FAIR VALUE (Tables)
3 Months Ended
Mar. 31, 2022
Fair Value Disclosures [Abstract]  
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 March 31, 2022:
 Level 1Level 2Total
Assets:
Foreign exchange forward contracts$— $.1 $.1 
Total$— $.1 $.1 
Liabilities:
Foreign exchange forward contracts$— $.6 $.6 
Total$— $.6 $.6 
The following table presents the fair value hierarchy for those assets and liabilities measured at fair value on a recurring basis as of December 31, 2021:
 Level 1Level 2Total
Liabilities:
Foreign exchange forward contracts$— $2.7 $2.7 
Total$— $2.7 $2.7 
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 March 31, 2022 and December 31, 2021, respectively, consisted of the following:
 March 31, 2022December 31, 2021
 Carrying
Amount
Fair
Value
Carrying
Amount
Fair
Value
Loans to affiliates of Natura &Co maturing within one year45.5 45.5 46.6 46.6 
Loans to affiliates of Natura &Co maturing after one year46.7 46.7 46.7 46.7 
Debt maturing within one year
(561.4)(567.6)(32.6)(32.6)
Loans from affiliates of Natura &Co maturing within one year(458.3)(458.3)(371.7)(371.7)
Long-term debt(1)
(215.2)(252.0)(676.0)(754.2)
Loans from affiliates of Natura &Co maturing after one year(721.0)(721.0)(736.3)(736.3)
Foreign exchange forward contracts(.5)(.5)(2.7)(2.7)
(1) The carrying value of long-term debt is presented net of debt issuance costs and includes any related discount or premium, as applicable.