Goodwill

12 Months Ended

Dec. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

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.


	Avon International		Avon LATAM		Total
Gross balance at December 31, 2021	$	106.9	$	54.5	$	161.4
Accumulated impairments	(89.3)		—		(89.3)
Net balance at December 31, 2021	$	17.6	$	54.5	$	72.1

Changes during the period ended December 31, 2022:

Impairment	—		(35.8)		(35.8)
Foreign exchange	(1.0)		(9.4)		(10.4)

Gross balance at December 31, 2022	$	105.9	$	45.1	$	151.0
Accumulated impairments	(89.3)		(35.8)		(125.1)
Net balance at December 31, 2022	$	16.6	$	9.3	$	25.9