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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2018
Dec. 31, 2017
Current Assets    
Cash, including cash equivalents of $36.2 and $116.7 $ 532.7 $ 881.5
Accounts receivable (less allowances of $93.0 and $138.6) 349.7 457.2
Inventories 542.0 598.2
Prepaid expenses and other 272.0 296.4
Held for sale assets 65.6 0.0
Total current assets 1,762.0 2,233.3
Property, plant and equipment, at cost    
Land 22.6 31.3
Buildings and improvements 502.9 646.0
Equipment 682.3 804.6
Property, plant and equipment, at cost 1,207.8 1,481.9
Less accumulated depreciation (650.2) (779.2)
Property, plant and equipment, net 557.6 702.7
Goodwill 87.4 95.7
Other assets 603.0 666.2
Total assets 3,010.0 3,697.9
Current Liabilities    
Debt maturing within one year 12.0 25.7
Accounts payable 816.5 832.2
Accrued compensation 85.5 130.3
Other accrued liabilities 451.3 405.6
Sales and taxes other than income 103.9 153.0
Income taxes 15.9 12.8
Held for sale liabilities 11.4 0.0
Total current liabilities 1,496.5 1,559.6
Long-term debt 1,581.6 1,872.2
Employee benefit plans 128.3 150.6
Long-term sales taxes and taxes other than income 0.0 193.1
Long-term income taxes 136.2 84.9
Other liabilities 72.1 84.4
Total liabilities 3,414.7 3,944.8
Commitments and contingencies (Notes 16 and 19)
Series C convertible preferred stock 492.1 467.8
Shareholders’ Deficit    
Common stock, par value $.25 - authorized 1,500 shares; issued 761.8 and 758.7 shares 190.3 189.7
Additional paid-in capital 2,303.6 2,291.2
Retained earnings 2,234.3 2,320.3
Accumulated other comprehensive loss (1,030.4) (926.2)
Treasury stock, at cost (319.4 and 318.4 shares) (4,602.3) (4,600.0)
Total Avon shareholders’ deficit (904.5) (725.0)
Noncontrolling interests 7.7 10.3
Total shareholders’ deficit (896.8) (714.7)
Total liabilities, series C convertible preferred stock and shareholders’ deficit $ 3,010.0 $ 3,697.9