Share-Based Compensation Plans (Tables)

12 Months Ended

Dec. 31, 2016

Schedule of Compensation Cost for Share-based Payment Arrangements, Allocation of Share-based Compensation Costs by Plan

For the years ended December 31:

	2016		2015		2014
Compensation cost for stock options, performance restricted stock units and restricted stock units	$	24.0	$	51.2	$	38.9
Total income tax benefit recognized for share-based arrangements	1.9		4.1		3.2

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]

When estimating the fair value of each option, we used the following weighted-average assumptions for options granted during the year ended December 31, 2016:

Risk-free rate(1)	1.6%
Expected term(2)	7 years
Expected Avon volatility(3)	39%
Expected dividends	—%

Schedule of Options Activity During Period

A summary of stock options as of December 31, 2016, and changes during 2016, is as follows:

	Shares (in 000’s)		Weighted- Average Exercise Price		Weighted- Average Contractual Term	Aggregate Intrinsic Value
Outstanding at January 1, 2016	11,648		$	28.70
Granted	6,059		5.53
Exercised	—		—
Forfeited	(634	)	5.49
Expired	(2,249	)	29.28
Outstanding at December 31, 2016	14,824		$	20.09	4.8	$	—
Exercisable at December 31, 2016	8,744		$	27.94	2.2	$	—

Schedule of Cash Proceeds, Tax Benefits, and Instrinsic Value Related to Options Exercised During Period

Cash proceeds, tax obligations and intrinsic value related to total stock options exercised during 2014 were as follows:

	2014
Cash proceeds from stock options exercised	$	.2
Tax obligation realized for stock options exercised	—
Intrinsic value of stock options exercised	—

Schedule of Share-based Payment Award, Performance Restricted Stock Units, Valuation Assumptions [Table Text Block]

When estimating the fair value of the 2016 PRSUs and the 2015 PRSUs, we used the following weighted-average assumptions:

	2016 PRSUs	2015 PRSUs
Risk-free rate(1)	1.1%	1.1%
Expected Avon volatility(2)	56%	38%
Expected average volatility(3)	28%	N/A
Expected dividends	—%	3%

Schedule of Restricted Stock and Units Activity During Period

A summary of restricted stock and restricted stock units at December 31, 2016, and changes during 2016, is as follows:

	Restricted Stock And Units (in 000’s)		Weighted-Average Grant-Date Fair Value
January 1, 2016	6,022		$	12.62
Granted	2,150		4.27
Vested	(1,740	)	16.62
Forfeited	(1,076	)	9.45
December 31, 2016	5,356		$	8.64

Schedule of Share-Based Compensation Performance Restricted Stock Units Activity

A summary of performance restricted stock units at December 31, 2016, and changes during 2016, is as follows:

	Performance Restricted Stock Units (in 000’s)		Weighted-Average Grant-Date Fair Value
January 1, 2016(1)	5,334		$	13.51
Granted	1,578		4.47
Vested	(1,199	)	20.20
Forfeited	(791	)	13.39
December 31, 2016(1)	4,922		$	8.99

(1) Based on initial target payout.