GOODWILL

3 Months Ended

Mar. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL

GOODWILL

Goodwill

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. At March 31, 2023 further information was analyzed which indicated a further impairment had occurred in the period. Accordingly, a non-cash impairment charge of $9.1 was recorded to reduce the carrying amount of goodwill.

	Avon International		Avon Latin America		Total
Net balance at December 31, 2022	$	16.6	$	9.3	$	25.9
Changes during the period ended March 31, 2023:
Impairment	$	—	$	(9.1)	$	(9.1)
Foreign exchange	.1		1.6		1.7
Net balance at March 31, 2023	$	16.7	$	1.8	$	18.5