RESTRUCTURING INITIATIVES (Tables)

9 Months Ended

Sep. 30, 2022

Restructuring and Related Activities [Abstract]

Summary of Restructuring and Related Costs

The costs during the three and nine months ended September 30, 2022 and 2021 consisted of the following:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
CTI recorded in operating profit - COGS
Inventory write-off	(.1)		—		(.1)		.2
	(.1)		—		(.1)		.2
CTI recorded in operating profit - SG&A
Net charges for employee-related costs, including severance benefits	16.6		3.1		28.2		33.5
Implementation costs, primarily related to professional service fees	4.9		3.3		16.6		13.5
Dual running costs	.2		.2		1.0		.8
Contract termination and other net benefits	1.2		2.8		3.4		10.2
Impairment of other assets	—		1.0		—		1.0
Accelerated depreciation	—		.1		—		.3
Variable lease charges	—		.4		—		1.3
	22.9		10.9		49.2		60.6
CTI recorded in operating profit	22.8		10.9		49.1		60.8
CTI recorded in other (expense) income
(Gain) loss on sale of business / assets	.1		(8.3)		.1		(9.8)
Total CTI	$	22.9	$	2.6	$	49.2	$	51.0
Avon Integration	$	7.1	$	3.1	$	20.4	$	13.0
Open Up & Grow	$	16.4	$	(.4)	$	29.3	$	38.6
Transformation Plan	$	(.6)	$	(.1)	$	(.5)	$	(.6)

Schedule of Restructuring Reserve

The liability balance included in other accrued liabilities in our Consolidated Balance Sheet for the restructuring actions associated with Open Up & Grow at September 30, 2022 is as follows:

	Employee-Related Costs		Inventory/Assets Write-offs		Contract Terminations/Other		Total
Balance at December 31, 2021	$	14.0	$	—	$	1.2	$	15.2
2022 charges	18.3		(.1)		2.3		20.5
Cash payments	(12.6)		—		(2.6)		(15.2)
Foreign exchange	(1.3)		.1		(.1)		(1.3)
Balance at September 30, 2022	$	18.4	$	—	$	.8	$	19.2

Schedule of Restructuring Charges Reportable by Business Segment

The following table presents the restructuring charges incurred to date under Avon Integration and Open Up & Grow (formerly Open Up Avon) along with the estimated charges expected to be incurred on approved initiatives under the plans:

	Employee- Related Costs		Inventory/ Asset Write-offs		Contract Terminations/Other		Foreign Currency Translation Adjustment Write-offs		Total
Avon Integration
Charges incurred to date	$	22.4	$	—	$	1.3	$	—	$	23.7
Estimated charges to be incurred on approved initiatives	—		—		—		—		—
Total expected charges on approved initiatives	$	22.4	$	—	$	1.3	$	—	$	23.7
Open Up & Grow
Charges incurred to date	$	134.1	$	107.3	$	18.2	$	(10.9)	$	248.7
Estimated charges to be incurred on approved initiatives	—		—		.3		—		.3
Total expected charges on approved initiatives	$	134.1	$	107.3	$	18.5	$	(10.9)	$	249.0

The charges, net of adjustments, of initiatives under the Avon Integration and Open Up & Grow along with the estimated charges expected to be incurred on approved initiatives under the plans, by reportable segment are as follows:

	Avon International		Avon Latin America		Total
Avon Integration
2020	$	6.2	$	4.6	$	10.8
2021	(1.2)		3.0		$	1.8
First quarter 2022	.1		1.5		1.6
Second quarter 2022	.2		6.0		6.2
Third quarter 2022	.1		3.2		3.3
Charges incurred to date	5.4		18.3		23.7
Estimated charges to be incurred on approved initiatives	—		—		—
Total expected charges on approved initiatives	$	5.4	$	18.3	$	23.7
Open Up & Grow
2018	$	52.8	$	64.3	$	117.1
2019	34.7		36.9		71.6
2020	3.2		(.8)		2.4
2021	36.9		.2		37.1
First quarter 2022	2.7		—		2.7
Second quarter 2022	3.2		—		3.2
Third quarter 2022	14.7		(.1)		14.6
Charges incurred to date	148.2		100.5		248.7
Estimated charges to be incurred on approved initiatives	.3		—		.3
Total expected charges on approved initiatives	$	148.5	$	100.5	$	249.0