INVESTMENT IN NEW AVON

9 Months Ended

Sep. 30, 2018

Equity Method Investments and Joint Ventures [Abstract]

In connection with the separation of the Company's North America business, which closed on March 1, 2016, the Company retained a 19.9% ownership interest in New Avon, a privately-held company that is majority-owned and managed by an affiliate of Cerberus Capital Management L.P. ("Cerberus").

Our recorded investment balance in New Avon at September 30, 2018 and December 31, 2017 was zero.

Summarized financial information related to New Avon is shown below:



	Nine Months Ended September 30,
	2018			2017
Total revenue	$	468.9		$	527.7
Gross profit	272.1			322.9
Net loss	(67.5		)	(80.5		)