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Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2023
Dec. 31, 2022
Current Assets    
Cash and cash equivalents $ 244.5 $ 367.6
Restricted cash 0.3 0.3
Accounts receivable, net 168.4 183.4
Receivables from affiliates of Natura &Co 88.6 72.9
Loans to affiliates of Natura &Co 93.9 72.2
Inventories 351.9 332.2
Prepaid expenses and other 169.2 127.9
Current assets of discontinued operations 0.0 1.8
Total current assets 1,116.8 1,158.3
Property, plant and equipment, at cost 890.6 881.1
Less accumulated depreciation (566.8) (548.1)
Property, plant and equipment, net 323.8 333.0
Right-of-use assets 87.8 92.1
Goodwill 18.5 25.9
Deferred tax asset 49.3 52.1
Loans to affiliates of Natura &Co 50.3 54.8
Other assets 427.9 445.5
Total assets 2,074.4 2,161.7
Current Liabilities    
Debt maturing within one year 45.4 5.7
Loans from affiliates of Natura &Co 599.4 537.2
Accounts payable 433.1 461.5
Payables to affiliates of Natura &Co 57.8 58.1
Accrued compensation 66.7 77.2
Other accrued liabilities 217.9 247.4
Sales taxes and taxes other than income 68.7 67.9
Income taxes 9.6 5.2
Current liabilities of discontinued operations 81.0 79.9
Total current liabilities 1,579.6 1,540.1
Long-term debt 214.9 214.8
Loans from affiliates of Natura &Co 1,437.5 1,427.2
Long-term operating lease liability 67.4 71.5
Employee benefit plans 58.6 58.1
Long-term income taxes 28.1 33.0
Other liabilities 53.6 58.2
Total liabilities 3,439.7 3,402.9
Shareholders’ Deficit    
Common stock - par value $0.01 per share - 101.34 outstanding at each period end 0.0 0.0
Additional paid-in capital 643.9 639.8
Retained earnings (952.3) (832.3)
Accumulated other comprehensive loss (1,060.5) (1,052.2)
Total Avon shareholders’ deficit (1,368.9) (1,244.7)
Noncontrolling interests 3.6 3.5
Total shareholders’ deficit (1,365.3) (1,241.2)
Total liabilities and shareholders’ deficit $ 2,074.4 $ 2,161.7