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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Cash Flows from Operating Activities      
Net loss $ (384.9)us-gaap_ProfitLoss $ (51.9)us-gaap_ProfitLoss $ (38.2)us-gaap_ProfitLoss
Loss from discontinued operations, net of tax 0us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax 50.9us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax 131.5us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax
(Loss) income from continuing operations, net of tax (384.9)us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest [1],[2] (1.0)us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest [1],[2] 93.3us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
Adjustments to reconcile net (loss) income to net cash provided by operating activities:      
Depreciation 141.3us-gaap_Depreciation 164.8us-gaap_Depreciation 161.8us-gaap_Depreciation
Amortization 51.3us-gaap_AdjustmentForAmortization 59.8us-gaap_AdjustmentForAmortization 50.7us-gaap_AdjustmentForAmortization
Provision for doubtful accounts 192.5us-gaap_ProvisionForDoubtfulAccounts 239.3us-gaap_ProvisionForDoubtfulAccounts 250.9us-gaap_ProvisionForDoubtfulAccounts
Provision for obsolescence 100.9us-gaap_InventoryWriteDown 117.1us-gaap_InventoryWriteDown 118.8us-gaap_InventoryWriteDown
Share-based compensation 38.9us-gaap_ShareBasedCompensation 43.3us-gaap_ShareBasedCompensation 41.1us-gaap_ShareBasedCompensation
Foreign exchange losses (gains) 42.4us-gaap_ForeignCurrencyTransactionGainLossUnrealized 26.3us-gaap_ForeignCurrencyTransactionGainLossUnrealized (22.4)us-gaap_ForeignCurrencyTransactionGainLossUnrealized
Deferred income taxes 244.5us-gaap_DeferredIncomeTaxExpenseBenefit (128.6)us-gaap_DeferredIncomeTaxExpenseBenefit 27.9us-gaap_DeferredIncomeTaxExpenseBenefit
Charges for Venezuelan monetary assets and liabilities 53.7avp_ChargesForVenezuelanMonetaryAssetsAndLiabilities 34.1avp_ChargesForVenezuelanMonetaryAssetsAndLiabilities 0avp_ChargesForVenezuelanMonetaryAssetsAndLiabilities
Charge for Venezuelan non-monetary assets to net realizable value 115.7avp_ChargeforVenezuelannonmonetaryassetstotheirnetrealizablevalue 0avp_ChargeforVenezuelannonmonetaryassetstotheirnetrealizablevalue 0avp_ChargeforVenezuelannonmonetaryassetstotheirnetrealizablevalue
Impairment of goodwill, intangible assets and SMT capitalized software 0us-gaap_AssetImpairmentCharges 159.3us-gaap_AssetImpairmentCharges 44.0us-gaap_AssetImpairmentCharges
Other 70.2us-gaap_OtherNoncashIncomeExpense 28.2us-gaap_OtherNoncashIncomeExpense 57.7us-gaap_OtherNoncashIncomeExpense
Changes in assets and liabilities:      
Accounts receivable (182.6)us-gaap_IncreaseDecreaseInAccountsReceivable (235.3)us-gaap_IncreaseDecreaseInAccountsReceivable (240.9)us-gaap_IncreaseDecreaseInAccountsReceivable
Inventories (155.4)us-gaap_IncreaseDecreaseInInventories (87.4)us-gaap_IncreaseDecreaseInInventories (81.8)us-gaap_IncreaseDecreaseInInventories
Prepaid expenses and other (61.6)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets 77.7us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets 59.1us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
Accounts payable and accrued liabilities 125.0us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities 140.1us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities 82.6us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
Income and other taxes 47.9us-gaap_IncreaseDecreaseInAccruedTaxesPayable 3.4us-gaap_IncreaseDecreaseInAccruedTaxesPayable (23.3)us-gaap_IncreaseDecreaseInAccruedTaxesPayable
Noncurrent assets and liabilities (80.0)us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet (101.5)us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet (75.5)us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet
Net cash provided by operating activities of continuing operations 359.8us-gaap_NetCashProvidedByUsedInOperatingActivities 539.6us-gaap_NetCashProvidedByUsedInOperatingActivities 544.0us-gaap_NetCashProvidedByUsedInOperatingActivities
Cash Flows from Investing Activities      
Capital expenditures (131.1)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (197.3)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (228.5)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Disposal of assets 15.9us-gaap_ProceedsFromSaleOfProductiveAssets 37.8us-gaap_ProceedsFromSaleOfProductiveAssets 15.4us-gaap_ProceedsFromSaleOfProductiveAssets
Purchases of investments (26.8)us-gaap_PaymentsToAcquireInvestments (28.2)us-gaap_PaymentsToAcquireInvestments (1.5)us-gaap_PaymentsToAcquireInvestments
Proceeds from sale of investments 36.9us-gaap_ProceedsFromSaleMaturityAndCollectionsOfInvestments 14.3us-gaap_ProceedsFromSaleMaturityAndCollectionsOfInvestments 1.2us-gaap_ProceedsFromSaleMaturityAndCollectionsOfInvestments
Net cash used by investing activities of continuing operations (105.1)us-gaap_NetCashProvidedByUsedInInvestingActivities (173.4)us-gaap_NetCashProvidedByUsedInInvestingActivities (213.4)us-gaap_NetCashProvidedByUsedInInvestingActivities
Cash Flows from Financing Activities      
Cash dividends (110.2)us-gaap_PaymentsOfDividends [3] (106.8)us-gaap_PaymentsOfDividends [3] (329.3)us-gaap_PaymentsOfDividends [3]
Debt, net (maturities of three months or less) (28.8)us-gaap_ProceedsFromRepaymentsOfShortTermDebt [3] (1.2)us-gaap_ProceedsFromRepaymentsOfShortTermDebt [3] (710.5)us-gaap_ProceedsFromRepaymentsOfShortTermDebt [3]
Proceeds from debt 70.0us-gaap_ProceedsFromOtherDebt [3] 1,488.2us-gaap_ProceedsFromOtherDebt [3] 735.8us-gaap_ProceedsFromOtherDebt [3]
Repayment of debt (140.2)us-gaap_RepaymentsOfOtherDebt [3] (1,942.7)us-gaap_RepaymentsOfOtherDebt [3] (138.3)us-gaap_RepaymentsOfOtherDebt [3]
Interest rate swap termination 0avp_InterestRateSwapTermination [3] 88.1avp_InterestRateSwapTermination [3] 43.6avp_InterestRateSwapTermination [3]
Net proceeds from exercise of stock options 0.2avp_Netproceedsfromexerciseofstockoptions [3] 15.9avp_Netproceedsfromexerciseofstockoptions [3] 6.2avp_Netproceedsfromexerciseofstockoptions [3]
Repurchase of common stock (9.8)us-gaap_PaymentsForRepurchaseOfCommonStock [3] (9.4)us-gaap_PaymentsForRepurchaseOfCommonStock [3] (8.8)us-gaap_PaymentsForRepurchaseOfCommonStock [3]
Net cash used by financing activities of continuing operations (218.8)us-gaap_NetCashProvidedByUsedInFinancingActivities [3] (467.9)us-gaap_NetCashProvidedByUsedInFinancingActivities [3] (401.3)us-gaap_NetCashProvidedByUsedInFinancingActivities [3]
Cash Flows from Discontinued Operations      
Net cash (used) provided by operating activities of discontinued operations 0us-gaap_CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations (4.0)us-gaap_CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations 12.1us-gaap_CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
Net cash provided (used) by investing activities of discontinued operations 0us-gaap_CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations 84.8us-gaap_CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations (0.3)us-gaap_CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations
Net cash provided by Discontinued Operations 0us-gaap_NetCashProvidedByUsedInDiscontinuedOperations 80.8us-gaap_NetCashProvidedByUsedInDiscontinuedOperations 11.8us-gaap_NetCashProvidedByUsedInDiscontinuedOperations
Effect of exchange rate changes on cash and equivalents (183.3)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents (80.8)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents 23.4us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents
Net decrease in cash and equivalents (147.4)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease (101.7)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease (35.5)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and equivalents at beginning of year 1,107.9us-gaap_CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations [4],[5] 1,209.6us-gaap_CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations [4],[5] 1,245.1us-gaap_CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations [4]
Cash and equivalents at end of year 960.5us-gaap_CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations [5] 1,107.9us-gaap_CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations [4],[5] 1,209.6us-gaap_CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations [4],[5]
Cash paid for:      
Interest, net of amounts capitalized 125.9us-gaap_InterestPaidNet 224.4us-gaap_InterestPaidNet 137.5us-gaap_InterestPaidNet
Income taxes, net of refunds received $ 225.1us-gaap_IncomeTaxesPaidNet $ 296.8us-gaap_IncomeTaxesPaidNet $ 331.9us-gaap_IncomeTaxesPaidNet
[1] In addition to the items impacting operating profit (loss) above, income (loss) from continuing operations, before taxes during 2014 was impacted by a one-time, after-tax loss of $41.8 ($53.7 in other expense, net, and a benefit of $11.9 in income taxes) recorded in the first quarter, primarily reflecting the write-down of monetary assets and liabilities due to the change to the SICAD II rate.In addition, income (loss) from continuing operations, before taxes during 2013 was impacted by a one-time, after-tax loss of $50.7 ($34.1 in other expense, net, and $16.6 in income taxes) recorded in the first quarter, primarily reflecting the write-down of monetary assets and liabilities and deferred tax benefits due to the devaluation of Venezuelan currency. Income (loss) from continuing operations, before taxes during 2013 was also impacted by a loss on extinguishment of debt of $73.0 before tax in the first quarter of 2013 caused by the make-whole premium and the write-off of debt issuance costs associated with the prepayment of our Private Notes (as defined in Note 5, Debt and Other Financing), as well as the write-off of debt issuance costs associated with the early repayment of $380.0 of the outstanding principal amount of the term loan agreement (as defined in Note 5, Debt and Other Financing). In addition, income (loss) from continuing operations, before taxes during 2013 was impacted by a loss on extinguishment of debt of $13.0 before tax in the second quarter of 2013 caused by the make-whole premium and the write-off of debt issuance costs and discounts, partially offset by a deferred gain associated with the January 2013 interest-rate swap agreement termination, associated with the prepayment of the 2014 Notes (as defined in Note 5, Debt and Other Financing).
[2] (Loss) income from continuing operations, net of tax during 2014 was negatively impacted by a non-cash income tax charge of $404.9. This was primarily due to a valuation allowance of $383.5 to reduce our deferred tax assets to an amount that is "more likely than not" to be realized, which was recorded in the fourth quarter of 2014. In addition, (loss) income from continuing operations, net of tax during 2014 was favorably impacted by the $18.5 net tax benefit recorded in the fourth quarter of 2014 related to the finalization of the FCPA settlements. In addition, (loss) income from continuing operations, net of tax during 2013 was impacted by valuation allowances for deferred tax assets of $41.8 related to Venezuela in the fourth quarter of 2013 and $9.2 related to the China business in the third quarter of 2013.
[3] Non-cash financing activities included the change in fair market value of interest-rate swap agreements of $(.7) in 2013 and $(8.4) in 2012 (see Note 8, Financial Instruments and Risk Management).
[4] Includes cash and cash equivalents of discontinued operations of $2.7 and $6.9 at the beginning of the year in 2013 and 2012, respectively.
[5] Includes cash and cash equivalents of discontinued operations of $2.7 at the end of the year in 2012.