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Segment Information
12 Months Ended
Dec. 31, 2022
Segment Reporting [Abstract]  
Segment Information Segment InformationWe determine segment profit by deducting the related costs and expenses from segment revenue. Segment profit includes an allocation of central expenses to the extent they support the operating activity of the segment. Segment profit excludes certain CTI restructuring initiatives, certain significant asset impairment charges, and other expenses, which are not allocated to a particular segment, if applicable. This is consistent with the manner in which we assess our performance and allocate resources.
Summarized financial information concerning our reportable segments as of December 31 is shown in the following tables:
Total Revenue202220212020
Avon International (1)
$1,415.9 $1,724.6 $1,772.6 
Avon Latin America (2)
1,331.6 1,654.7 1,845.9 
Total revenue from reportable segments (3)
2,747.5 3,379.3 3,618.5 
Revenue from affiliates to Natura &Co21.7 25.2 6.7 
Total revenue$2,769.2 $3,404.5 $3,625.2 
Operating (Loss) Profit202220212020
Segment Profit
Avon International (1)
$60.4 $49.9 $27.4 
Avon Latin America (2)
(111.4)(10.9)(39.1)
Total (loss) profit from reportable segments (4) (8)
(51.0)39.0 (11.7)
Unallocated global expenses(5)
(23.2)(27.0)(11.6)
Certain Brazil Indirect taxes (6)
— (1.7)10.6 
CTI restructuring initiatives(68.6)(68.7)(23.7)
Costs related to the Transaction (7)
— — (85.8)
Impairment of goodwill (9)
(35.8)— — 
Operating (loss) profit
$(178.6)$(58.4)$(122.2)
(1)In June 2022, an Avon subsidiary concluded the negotiation of a settlement agreement to resolve a breach of contract dispute in Japan. As a result, Avon received cash compensation of $27, $3.3 of which related to the settlement of historically recognized revenues. The remaining $23.7 was recognized as revenue in the second quarter of 2022.
(2)2022 includes the impact of certain Brazil indirect taxes, which was recorded in product sales in the amount of approximately $10 in our Consolidated Income Statements. 2021 includes the impact of certain Brazil indirect taxes, which was recorded in product sales in the amount of approximately $21 in our Consolidated Income Statements. See Note 19 Supplemental Balance Sheet Information.
(3)Total revenue from reportable segments also includes revenue from other business activities of $0.5, $4.7 and $14.5 for the years ended December 31, 2022, 2021 and 2020, respectively, allocated to Avon International and Avon Latin America segments. Other business activities include revenue from the sale of products to New Avon since the separation of the Company’s North America business into New Avon on March 1, 2016 and ongoing royalties from the licensing of our name and products. Previously reported amounts have been allocated to Avon International and Avon Latin America segments to conform to the current year presentation.
(4)Total profit from reportable segments also includes profit from other business activities and central expenses allocated to Avon International and Avon Latin America segments. Other business activities of $0.5, $1.5 and $7.3 for the years ended December 31, 2022, 2021 and 2020, respectively, include profit from the sale of products to New Avon since the separation of the Company’s North America business into New Avon on March 1, 2016 and ongoing royalties from the licensing of our name and products. Central expenses of $96.7, $206.7 and $197.6 for the years ended December 31, 2022, 2021 and 2020, respectively, include corporate general and administrative expenses allocated to Avon International and Avon Latin America to the extent they support the operating activity of the segment. Previously reported amounts have been allocated to segments to conform to the current year presentation.
(5)For the years ended December 31, 2022, 2021 and 2020, unallocated global expenses primarily include stewardship and other expenses not directly attributable to reportable segments.
(6)The year ended December 31, 2022 includes the impact of certain Brazil indirect taxes in the amount of nil. The year ended December 31, 2021 includes the impact of certain Brazil indirect taxes, which were recorded in selling, general and administrative expenses, net in the amounts of approximately $2.
(7)For the year ended December 31, 2020, costs related to the Transaction primarily include professional fees of approximately $46, severance payments of approximately $25 and acceleration of share based compensation of approximately $10 relating to these terminations triggered by change in control provisions. Refer to Note 20, Merger with Natura Cosméticos S.A. for more information relating to the Natura transaction.
(8)On July 1, 2021, the Company sold Avon Luxembourg, including our Mexican business, to a subsidiary of Natura &Co Holding. As a result, from the same date, the results of Avon Luxembourg are no longer included within Avon's
consolidated results. The year ended December 31, 2021 includes the results of Avon Luxembourg for the period from January 1 to June 30, 2021. The years ended December 31, 2020 include the results of Avon Luxembourg.
(9)During the 2022 year-end close process, our analysis of the Colombia business indicated an impairment as the carrying value of the business exceeded the estimated fair value. This was primarily the result of reducing our long-term projections of the business as it continued to experience challenging trading and economic conditions as a result of the continuing economic disruption caused by the COVID-19 pandemic and subsequent inflationary pressures compounded by the ongoing war between Ukraine and Russia. Accordingly, a non-cash impairment charge of $35.8 was recorded to reduce the carrying amount of goodwill.
Total Assets202220212020
Avon International$1,308.2 $1,362.0 $1,364.4 
Avon Latin America (1)
853.5 945.8 1,199.9 
Total assets$2,161.7 $2,307.8 $2,564.3 

(1) On July 1, 2021, the Company sold Avon Luxembourg, including our Mexican business, to a subsidiary of Natura &Co Holding. As a result, balances at December 31, 2021 do not include the assets of Avon Luxembourg. Balances at December 31, 2020 include the assets of Avon Luxembourg.

Capital Expenditures202220212020
Avon International$39.5 $53.3 $36.0 
Avon Latin America (1)
14.0 15.0 8.6 
Total capital expenditures$53.5 $68.3 $44.6 

(1) On July 1, 2021, the Company sold Avon Luxembourg, including our Mexican business, to a subsidiary of Natura &Co Holding. As a result, from the same date, the results of Avon Luxembourg are no longer included within Avon's consolidated results. The year ended December 31, 2021 includes the results of Avon Luxembourg for the period from January 1 to June 30, 2021. The years ended December 31, 2020 include the results of Avon Luxembourg.

Depreciation and Amortization202220212020
Avon International$44.6 $48.1 $49.5 
Avon Latin America (1)
19.9 24.7 32.3 
Total depreciation and amortization$64.5 $72.8 $81.8 
(1) On July 1, 2021, the Company sold Avon Luxembourg, including our Mexican business, to a subsidiary of Natura &Co Holding. As a result, from the same date, the results of Avon Luxembourg are no longer included within Avon's consolidated results. The year ended December 31, 2021 includes the results of Avon Luxembourg for the period from January 1 to June 30, 2021. The years ended December 31, 2020 include the results of Avon Luxembourg.
Total Revenue by Major Country
A major country is defined as one with total revenues greater than 10% of consolidated total revenues.
 202220212020
Brazil$587.0 $627.0 $729.9 
Mexico(1)
— 249.2 420.2 
All other2,182.2 2,528.3 2,475.1 
Total$2,769.2 $3,404.5 $3,625.2 
(1) On July 1, 2021, the Company sold Avon Luxembourg, including our Mexican business, to a subsidiary of Natura &Co Holding. As a result, from the same date, the results of Avon Luxembourg are no longer included within Avon's consolidated results. The year ended December 31, 2021 includes the results of Avon Luxembourg for the period from January 1 to June 30, 2021. The years ended December 31, 2020 include the results of Avon Luxembourg.
Long-Lived Assets by Major Country
A major country is defined as one with long-lived assets greater than 10% of consolidated long-lived assets, and also includes our country of domicile (the U.S.). Long-lived assets primarily include property, plant and equipment associated with our
continuing operations. Long-lived assets in Brazil, Poland and Mexico consist primarily of property, plant and equipment related to manufacturing and distribution facilities, long-lived assets in the U.S. consist primarily of property, plant and equipment, including our global research and development facility and right-of-use assets related to equipment.
 202220212020
U.S.$106.4 $122.7 $135.3 
Brazil76.8 75.4 86.4 
Poland81.0 95.0 96.8 
Mexico(1)
— — 55.2 
All other162.5 183.9 220.8 
Total$426.7 $477.0 $594.5 
(1) On July 1, 2021, the Company sold Avon Luxembourg, including our Mexican business, to a subsidiary of Natura &Co Holding. As a result, balances at December 31, 2021 do not include the assets of Avon Luxembourg. Balances at December 31, 2020 include the assets of Avon Luxembourg.