VALUATION AND QUALIFYING ACCOUNTS

12 Months Ended

Dec. 31, 2018

SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]

VALUATION AND QUALIFYING ACCOUNTS

AVON PRODUCTS, INC. AND SUBSIDIARIES

VALUATION AND QUALIFYING ACCOUNTS

Years ended December 31, 2018, 2017 and 2016

				Additions
(In millions) Description	Balance at Beginning of Period			Charged to Costs and Expenses				Charged to Revenue		Deductions				Balance at End of Period
2018
Allowance for doubtful accounts receivable	$	129.3		$	162.4			$	—	$	(198.7	)	(1)	$	93.0
Refund liability	9.3		(3)	—				172.3		(169.3		)	(2)	12.3
Allowance for inventory obsolescence	61.3			113.5			(4)	—		55.2			(5)	230.0
Deferred tax asset valuation allowance	3,217.6			39.9				—		—				3,257.5
2017
Allowance for doubtful accounts receivable	$	122.9		$	221.9			$	—	$	(215.5	)	(1)	$	129.3
Allowance for sales returns	8.2			—				197.9		(196.8		)	(2)	9.3		(3)
Allowance for inventory obsolescence	58.4			36.7				—		(33.8		)	(5)	61.3
Deferred tax asset valuation allowance	3,296.0			(78.4		)	(6)	—		—				3,217.6
2016
Allowance for doubtful accounts receivable	$	77.6		$	190.5			$	—	$	(145.2	)	(1)	$	122.9
Allowance for sales returns	9.1			—				186.9		(187.8		)	(2)	8.2
Allowance for inventory obsolescence	71.3			36.5				—		(49.4		)	(5)	58.4
Deferred tax asset valuation allowance	2,090.1			1,205.9			(7)	—		—				3,296.0

(1) Accounts written off, net of recoveries and foreign currency translation adjustment.

(2) Returned product reused or destroyed and foreign currency translation adjustment.

(3) Due to the adoption of ASC 606, Revenue from Contracts with Customers, as of January 1, 2018, the allowance for sales returns was reclassified from a reduction of accounts receivable to a refund liability (within other accrued liabilities).

(4) Includes a one-off inventory obsolescence expense of $88 recognized at December 31, 2018 relating to the structural reset of inventory (refer to Note 17, Restructuring Initiatives, for additional information regarding the structural reset of inventory).

(5) Obsolete inventory destroyed and foreign currency translation adjustment.

(6) Decrease in valuation allowance primarily related to a partial release of the U.S. valuation allowance as a result of the enactment of the Tax Cuts and Jobs Act in the U.S. and the impact of a business model change related to the move of the Company's headquarters from the U.S. to the UK.

(7) Increase in valuation allowance primarily for deferred tax assets that are not more likely than not to be realized in the future.