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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Current Assets    
Cash, including cash equivalents of 2022: $63.0 and 2021: $15.5 $ 367.6 $ 251.5
Restricted cash 0.3 0.0
Accounts receivable (less allowances of 2022: $35.4 and 2021: $37.1) 183.4 198.7
Receivables from affiliates of Natura &Co 72.9 34.1
Loans to affiliates of Natura &Co 72.2 46.6
Inventories 332.2 384.1
Prepaid expenses and other 127.9 165.6
Held for sale assets 0.0 2.8
Current assets of discontinued operations 1.8 0.0
Total current assets 1,158.3 1,083.4
Property, plant and equipment, at cost    
Land 15.4 18.5
Buildings and improvements 356.0 374.5
Equipment 509.7 549.5
Property, plant and equipment, at cost 881.1 942.5
Less accumulated depreciation (548.1) (578.8)
Property, plant and equipment, net 333.0 363.7
Right-of-use assets 92.1 111.1
Goodwill 25.9 72.1
Deferred tax asset 52.1 121.4
Loans to affiliates of Natura &Co 54.8 46.7
Other assets 445.5 509.4
Total assets 2,161.7 2,307.8
Current Liabilities    
Debt maturing within one year 5.7 32.6
Loans from affiliates of Natura &Co 537.2 371.7
Accounts payable 461.5 522.8
Payables to affiliates of Natura &Co 58.1 29.4
Accrued compensation 77.2 81.5
Other accrued liabilities 247.4 273.4
Sales and taxes other than income 67.9 66.8
Income taxes 5.2 11.6
Current liabilities of discontinued operations 79.9 31.7
Total current liabilities 1,540.1 1,421.5
Long-term debt 214.8 676.0
Loans from affiliates of Natura &Co 1,427.2 736.3
Long-term operating lease liability 71.5 87.5
Employee benefit plans 58.1 84.6
Long-term income taxes 33.0 81.5
Other liabilities 58.2 75.1
Total liabilities 3,402.9 3,162.5
Shareholders’ Deficit    
Common stock, par value $0.01 - authorized 1,000 shares; issued 101.34 shares (2021: par value $0.01 - authorized 1,000 shares; issued 101.34 shares) 0.0 0.0
Additional paid-in capital 639.8 631.2
Retained earnings (832.3) (404.2)
Accumulated other comprehensive loss (1,052.2) (1,085.5)
Total Avon shareholders’ deficit (1,244.7) (858.5)
Noncontrolling interests 3.5 3.8
Total shareholders’ deficit (1,241.2) (854.7) [1]
Total liabilities and shareholders’ deficit $ 2,161.7 $ 2,307.8
[1] The number of shares of Common Stock (par value $0.01 per share) outstanding at December 31, 2022, 2021 and 2020 was 101.34.