REVENUE

3 Months Ended

Mar. 31, 2021

Revenue from Contract with Customer [Abstract]

REVENUE

REVENUE

Disaggregation of revenue

In the following table, revenue is disaggregated by product or service type. All revenue is recognized at a point in time when control of a product is transferred to a customer:

	Three Months Ended March 31, 2021
	Avon International		Avon Latin America		Total reportable segments		Affiliates of Natura&Co		Total
Beauty:
Skincare	$	145.3	$	127.0	$	272.3	$	—	$	272.3
Fragrance	119.9		102.1		222.0		—		222.0
Color	63.4		50.5		113.9		—		113.9
Total Beauty	328.6		279.6		608.2		—		608.2
Fashion & Home:
Fashion	67.7		50.8		118.5		—		118.5
Home	16.8		106.9		123.7		—		123.7
Total Fashion & Home	84.5		157.7		242.2		—		242.2
Product sales	413.1		437.3		850.4		—		850.4
Representative fees	17.8		28.3		46.1		—		46.1
Other	—		.2		.2		7.7		7.9
Other revenue	17.8		28.5		46.3		7.7		54.0
Total revenue	$	430.9	$	465.8	$	896.7	$	7.7	$	904.4

	Three Months Ended March 31, 2020
	Avon International		Avon Latin America		Total
Beauty:
Skincare	$	150.8	$	146.0	$	296.8
Fragrance	132.3		116.0		248.3
Color	85.0		63.7		148.7
Total Beauty	368.1		325.7		693.8
Fashion & Home:
Fashion	72.7		43.2		115.9
Home	13.2		76.9		90.1
Total Fashion & Home	85.9		120.1		206.0
Net sales	454.0		445.8		899.8
Representative fees	20.2		30.8		51.0
Other	2.9		3.6		6.5
Other revenue	23.1		34.4		57.5
Total revenue	$	477.1	$	480.2	$	957.3

Contract balances

The timing of revenue recognition generally is different from the timing of a promise made to a Representative. As a result, we have contract liabilities, which primarily relate to the advance consideration received from Representatives prior to transfer of the related good or service for material rights, such as loyalty points and status programs, and are primarily classified within other accrued liabilities (with the long-term portion in other liabilities) in our Consolidated Balance Sheets.

Generally, we record accounts receivable when we invoice a Representative. In addition, we record an estimate of an allowance for doubtful accounts on receivable balances based on an analysis of historical data and current circumstances, including seasonality, changing trends and the impact of COVID-19. The allowance for doubtful accounts is reviewed for adequacy, at a minimum, on a quarterly basis. We generally have no detailed information concerning, or any communication with, any ultimate consumer of our products beyond the Representative. We have no legal recourse against the ultimate consumer for the collection of any accounts receivable balances due from the Representative to us. If the financial condition of the Representatives were to deteriorate, resulting in their inability to make payments, additional allowances may be required.

The following table provides information about receivables and contract liabilities from contracts with customers at March 31, 2021 and December 31, 2020:

	March 31, 2021		December 31, 2020
Accounts receivable, net of allowances of $47.5 and $51.1	$	248.1	$	259.1
Contract liabilities	$	41.3	$	52.1

The contract liability balances relate to certain material rights (loyalty points, status program and prospective discounts). During the three months ended March 31, 2021, we recognized $31.1 of revenue related to the contract liability balance at the beginning of the three-month period ended March 31, 2021, as the result of performance obligations satisfied. In addition, we deferred an additional $25.3 related to certain material rights granted during the period, for which the performance obligations are not yet satisfied. Of the amount deferred during the period, substantially all will be recognized within a year, with the significant majority to be captured within a quarter. The remaining movement in the contract liability balance is attributable to foreign exchange differences arising on the translation of the balance as at March 31, 2021 as compared with December 31, 2020.