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Employee Benefit Plans (Tables)
 12 Months Ended
Dec. 31, 2022
Retirement Benefits, Description [Abstract]  
Summary of Defined Benefit Pension and Postretirement Plans The following table summarizes changes in the benefit obligation, plan assets and the funded status of our significant defined benefit pension and postretirement plans. We use a December 31 measurement date for all of our employee benefit plans.
Pension Plans
U.S. PlansNon-U.S. PlansPostretirement Benefits
202220212022202120222021
Change in Benefit Obligation:
Beginning balance$(60.3)$(67.9)$(671.2)$(767.5)$(9.7)$(7.7)
Service cost(.8)(.9)(2.9)(4.3)— — 
Interest cost(1.7)(1.0)(11.0)(8.7)(.3)(.3)
Actuarial gain (loss)9.5 1.8 185.1 54.6 .8 .4 
Benefits paid6.7 7.7 22.2 25.7 2.3 .6 
Actual expenses and taxes— — .4 .4 — — 
Curtailments(.4)— — .2 — — 
Settlements— — .4 1.8 — — 
Special termination benefits— — — — — (3.0)
Foreign currency changes and other— — 58.2 13.5 (.3).3 
Sale of Avon Luxembourg— — — 13.1 — — 
Ending balance$(47.0)$(60.3)$(418.8)$(671.2)$(7.2)$(9.7)
Change in Plan Assets:
Beginning balance$54.3 $59.7 $764.4 $762.0 $— $— 
Actual return on plan assets(11.6)1.6 (177.7)29.3 — — 
Company contributions.7 0.7 (3.1)10.1 2.3 .6 
Benefits paid(6.7)(7.7)(22.2)(25.7)(2.3)(.6)
Actual expenses and taxes— — (.4)(0.4)— — 
Settlements— — (0.4)(1.8)— — 
Transfers— — — — — — 
Foreign currency changes and other— — (70.6)(9.1)— — 
Ending balance$36.7 $54.3 $490.0 $764.4 $— $— 
Funded Status:
Funded status at end of year$(10.3)$(6.0)$71.2 $93.2 $(7.2)$(9.7)
Amount Recognized in Balance Sheet:
Other assets$— $— $110.8 $162.4 $— $— 
Accrued compensation(.8)(.7)(1.2)(1.2)(4.2)(6.3)
Employee benefit plans liability(9.5)(5.3)(38.4)(68.0)(3.0)(3.4)
Net amount recognized$(10.3)$(6.0)$71.2 $93.2 $(7.2)$(9.7)
Pretax Amounts Recognized in Accumulated Other Comprehensive Loss:
Net actuarial loss$16.8 $14.7 $115.3 $122.8 — $0.8 
Prior service (credit) cost — — 1.7 2.0 (.7)(0.8)
Total pretax amount recognized$16.8 $14.7 $117.0 $124.8 $(.7)$— 
Supplemental Information:
Accumulated benefit obligation$46.6 $59.5 $108.2 $159.4 N/AN/A
Plans with Projected Benefit Obligation in Excess of Plan Assets:
Projected benefit obligation$47.1 $60.3 $115.9 $170.0 N/AN/A
Fair value plan assets36.7 54.3 76.3 100.8 N/AN/A
Plans with Accumulated Benefit Obligation in Excess of Plan Assets:
Accumulated benefit obligation46.6 59.5 103.4 153.6 N/AN/A
Fair value plan assets36.7 54.3 68.5 91.7 N/AN/A
Schedule of Components of Net Periodic Benefit Cost and Other Amounts Recognized in Other Comprehensive Income
Components of Net Periodic Benefit Cost and Other Amounts Recognized in Other Comprehensive Loss
Pension Benefits   
U.S. PlansNon-U.S. PlansPostretirement Benefits
202220212020202220212020202220212020
Net Periodic Benefit Cost:
Service cost$.8 $.9 $1.2 $2.9 $4.3 $4.3 $— $— $— 
Interest cost1.7 1.0 1.4 11.0 8.7 11.7 .3 .3 .7 
Expected return on plan assets(2.1)(2.0)(2.6)(14.2)(16.0)(16.0)— — — 
Amortization of prior service credit— — — .1 — (.1)(.1)(4.5)(.2)
Amortization of net actuarial losses1.1 2.4 2.9 4.1 7.5 6.3 .1 .7 — 
Amortization of transition obligation— — — — — — — — — 
Settlements/curtailments1.5 1.0 2.6 — .1 .1 — — — 
Special termination benefits— — — — — — — 3.0 (4.2)
Net periodic benefit cost
$3.0 $3.3 $5.5 $3.9 $4.6 $6.3 $.3 $(.5)$(3.7)
Other Changes in Plan Assets and Benefit Obligations Recognized in Other Comprehensive (Loss) Income:
Actuarial losses (gains)$4.6 $(1.4)$.8 $6.8 $(68.1)$15.9 $(.7)$(.4)$1.5 
Prior service cost (credit)— — — (.1)— — .1 4.5 (4.1)
Amortization of prior service credit— — — — — — — — .2 
Amortization of net actuarial losses(2.6)(3.4)(5.5)(4.1)(7.6)(6.4)(.1)(.7)(1.6)
Foreign currency changes— — — (10.5)(5.9)11.6 — — — 
Total recognized in other comprehensive loss*
$2.0 $(4.8)$(4.7)$(7.9)$(81.6)$21.1 $(.7)$3.4 $(4.0)
Total recognized in net periodic benefit cost and other comprehensive loss
$5.0 $(1.5)$.8 $(4.0)$(77.0)$27.4 $(.4)$2.9 $(7.7)
* Amounts represent the pre-tax effect classified within other comprehensive loss. The net of tax amounts are classified within our Consolidated Statements of Comprehensive Loss.
Weighted-Average Assumptions Used to Determine Benefit Obligations
Weighted-average assumptions used to determine benefit obligations recorded in our Consolidated Balance Sheets as of December 31 were as follows:
 Pension BenefitsPostretirement
U.S. PlansNon-U.S. PlansBenefits
 202220212022202120222021
Discount rate5.19 %2.81 %4.79 %2.09 %7.67 %3.61 %
Rate of compensation increase4.00 %4.00 %3.16 %2.56 %N/AN/A
Interest crediting rate3.99 %1.78 %2.74 %2.75 %N/AN/A
Weighted-Average Assumptions Used to Determine Net Benefit Cost
Weighted-average assumptions used to determine net benefit cost recorded in our Consolidated Statements of Operations for the years ended December 31 were as follows:
 Pension Benefits   
U.S. PlansNon-U.S. PlansPostretirement Benefits
 202220212020202220212020202220212020
Discount rate2.81 %2.42 %3.16 %1.97 %1.45 %2.05 %3.61 %3.95 %3.66 %
Rate of compensation increase
4.00 %4.00 %4.00 %2.38 %2.51 %2.54 %N/AN/AN/A
Rate of return on assets4.60 %4.15 %4.90 %2.19 %2.32 %2.55 %N/AN/AN/A
Interest crediting rate1.94 %1.49 %2.49 %2.75 %2.74 %2.69 %N/AN/AN/A
Pension and Postretirement Plans Target and Weighted-Average Asset Allocations
Our U.S. and non-U.S. funded defined benefit pension plans target and weighted-average asset allocations at December 31, 2022 and 2021, by asset category were as follows:
 U.S. Pension PlanNon-U.S. Pension Plans
% of Plan Assets% of Plan Assets
 Targetat Year-EndTargetat Year-End
Asset Category202320222021202320222021
Equity securities30 %31 %30 %17 %18 %23 %
Debt securities70 69 70 60 86 72 
Other— — — 23 (4)5 
Total100 %100 %100 %100 %100 %100 %
Schedule Of Fair Value Hierarchy For Pension And Postretirement Assets The following tables present the fair value hierarchy for pension assets measured at fair value on a recurring basis at December 31, 2022 :
U.S. Pension Plan
Asset CategoryLevel 1Level 2Total
Equity Securities:
Domestic equity$— $5.6 $5.6 
International equity— 5.7 5.7 
Emerging markets— — — 
— 11.3 11.3 
Fixed Income Securities:
Corporate bonds— 15.2 15.2 
Government securities— 5.1 5.1 
Other— 5.1 5.1 
— 25.4 25.4 
Other
Cash— — — 
— — — 
Total$— $36.7 $36.7 

Non-U.S. Pension Plans
Asset CategoryLevel 1Level 2Level 3Total
Equity Securities:
Domestic equity$— $20.6 $— $20.6 
International equity— 67.9 — 67.9 
— 88.5 — 88.5 
Fixed Income Securities:
Corporate bonds— 140.0 — 140.0 
Government securities— 189.2 — 189.2 
Other— 92.1 — 92.1 
— 421.3 — 421.3 
Other
Cash1.4 — — 1.4 
Derivatives— (23.4)— (23.4)
Real estate— — 2.1 2.1 
Other— — .1 .1 
1.4 (23.4)2.2 (19.8)
Total$1.4 $486.4 $2.2 $490.0 
The following tables present the fair value hierarchy for pension assets measured at fair value on a recurring basis at December 31, 2021:
U.S. Pension Plan
Asset CategoryLevel 1Level 2Total
Equity Securities:
Domestic equity$— $8.3 $8.3 
International equity— 6.6 6.6 
Emerging markets— 1.6 1.6 
— 16.5 16.5 
Fixed Income Securities:
Corporate bonds— 21.6 21.6 
Government securities— 8.8 8.8 
Other— 7.3 7.3 
— 37.7 37.7 
Cash— .1 .1 
Total
$— $54.3 $54.3 

 Non-U.S. Pension Plans
Asset CategoryLevel 1Level 2Level 3Total
Equity Securities:
Domestic equity$— $29.4 $— $29.4 
International equity— 145.2 — 145.2 
— 174.6 — 174.6 
Fixed Income Securities:
Corporate bonds— 257.6 — 257.6 
Government securities— 256.9 — 256.9 
Other— 36.5 — 36.5 
— 551.0 — 551.0 
Other:
Cash34.3 — — 34.3 
Derivatives— 2.2 — 2.2 
Real estate— — 2.3 2.3 
34.3 2.2 2.3 38.8 
Total$34.3 $727.8 $2.3 $764.4 
Reconciliation of Beginning and Ending Balance For Our Level 3 Investments
A reconciliation of the beginning and ending balances for our Level 3 investments is provided in the table below:
 
Amount
Balance at January 1, 2021$1.6 
Balance at December 31, 2021
2.3 
Actual return on plan assets held(.2)
 
Balance at December 31, 2022
2.1
Schedule of Expected Benefit Payments
Total benefit payments expected to be paid from the plans are as follows:
 Pension Benefits 
U.S. PlansNon-U.S. PlansTotalPostretirement
Benefits
2023$7.1 $23.2 $30.3 $4.2 
20248.9 25.2 34.1 0.3 
20253.7 162.0 165.7 0.3 
20262.5 25.5 28.0 0.3 
20272.4 27.1 29.5 0.3 
2028-203214.0 135.3 149.3 1.4 
Schedule of Assets Held in Trust The assets held in the trust are included in other assets and at December 31 consisted of the following:
20222021
Corporate-owned life insurance policies$23.1 $24.6 
Cash and cash equivalents5.4 5.8 
Total$28.5 $30.4