XML 15 R5.htm IDEA: XBRL DOCUMENT v3.22.1
Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2022
Dec. 31, 2021
Current Assets    
Cash and cash equivalents $ 208.5 $ 251.5
Accounts receivable, net 212.1 198.7
Receivables from affiliates of Natura &Co 28.5 34.1
Loans to affiliates of Natura &Co 45.5 46.6
Inventories 421.8 384.1
Prepaid expenses and other 170.6 165.6
Assets held for sale 0.0 2.8
Total current assets 1,087.0 1,083.4
Property, plant and equipment, at cost 976.1 942.5
Less accumulated depreciation (606.1) (578.8)
Property, plant and equipment, net 370.0 363.7
Right-of-use assets 104.8 111.1
Goodwill 74.9 72.1
Deferred tax asset 135.8 121.4
Loans to affiliates of Natura &Co 46.7 46.7
Other assets 546.3 509.4
Total assets 2,365.5 2,307.8
Current Liabilities    
Debt maturing within one year 561.4 32.6
Loans from affiliates of Natura &Co 458.3 371.7
Accounts payable 496.7 522.8
Payables to affiliates of Natura &Co 34.6 29.4
Accrued compensation 69.5 81.5
Other accrued liabilities 244.7 273.4
Sales taxes and taxes other than income 73.4 66.8
Income taxes 13.1 11.6
Current liabilities of discontinued operations 33.9 31.7
Total current liabilities 1,985.6 1,421.5
Long-term debt 214.9 676.0
Loans from affiliates of Natura &Co 721.0 736.3
Long-term operating lease liability 80.7 87.5
Employee benefit plans 88.6 84.6
Long-term income taxes 90.7 81.5
Other liabilities 81.1 75.1
Total liabilities 3,262.6 3,162.5
Shareholders’ Deficit    
Additional paid-in capital 633.6 631.2
Retained losses (501.4) (404.2)
Accumulated other comprehensive loss (1,033.2) (1,085.5)
Total Avon shareholders’ deficit (901.0) (858.5)
Noncontrolling interests 3.9 3.8
Total shareholders’ deficit (897.1) [1] (854.7)
Total liabilities and shareholders’ deficit $ 2,365.5 $ 2,307.8
[1] The number of shares of Common Stock (par value $0.01 per share) outstanding at March 31, 2022 was 101.34.