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Subsequent Events
12 Months Ended
Dec. 31, 2022
Subsequent Events [Abstract]  
Subsequent Events Subsequent Events
On January 12, 2023, the Company filed a surety bond in favor of the Superior Court of the State of California and the County of Los Angeles in the amount of $75.5 in order to begin the process of appealing the verdict in Chapman, et al. v. Avon Products, Inc., et al. With the bond in place, the Company is not obligated to pay any damages to Plaintiffs for the duration of the appeals process. The amount of the bond represents a statutory multiple of the damages that the jury awarded to Plaintiffs.
On March 1, 2023, following post-trial arguments, the trial court issued a conditional order reducing the compensatory damages award against Avon to $29.3. If Plaintiffs reject this reduction, there will be a new trial on the compensatory damages portion of the jury’s verdict. Avon will proceed with its appeal of the jury’s verdict in any event.
See Note 17, Contingencies for further information.