Avon Products (AVP) 10-Q 3 May 19 2019 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information	3 Months Ended
	Mar. 31, 2019shares
DEI [Abstract]
Entity Registrant Name	AVON PRODUCTS INC
Entity Central Index Key	0000008868
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	Mar. 31, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q1
Amendment Flag	false
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Common Stock, Shares Outstanding	443,221,115

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Revenue	$ 1,186.9	$ 1,393.5
Costs, expenses and other:
Cost of sales	517	579.7
Selling, general and administrative expenses	673.8	768.9
Operating (loss) profit	(3.9)	44.9
Interest expense	33.2	36.2
Loss on extinguishment of debt and credit facilities	2	0
Interest income	(1.7)	(4.2)
Other (income) expense, net	(22.6)	2.5
Gain on sale of business	(10.3)	0
Total other expenses	0.6	34.5
(Loss) income from continuing operations, before income taxes	(4.5)	10.4
Income taxes	(19.5)	(31.5)
Loss from continuing operations, net of tax	(24)	(21.1)
Loss from discontinued operations, net of tax	(9.5)	0
Net loss	(33.5)	(21.1)
Net loss attributable to noncontrolling interests	0.8	0.8
Net loss attributable to Avon	$ (32.7)	$ (20.3)
Loss per share
Basic from continuing operations (in dollars per share)	$ (0.07)	$ (0.06)
Basic from discontinued operations (in dollars per share)	(0.02)	0
Basic attributable to Avon (in dollars per share)	(0.09)	(0.06)
Diluted from continuing operations (in dollars per share)	(0.07)	(0.06)
Diluted from discontinued operations (in dollars per share)	(0.02)	0
Diluted attributable to Avon (in dollars per share)	$ (0.09)	$ (0.06)
Net sales
Revenue	$ 1,116.2	$ 1,309.6
Other revenue
Revenue	$ 70.7	$ 83.9

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Statement of Comprehensive Income [Abstract]
Net loss	$ (33.5)	$ (21.1)
Other comprehensive income:
Foreign currency translation adjustments	(2.7)	(4.2)
Unrealized (losses) gains on revaluation of long-term intercompany balances, net of taxes of $0.0 and $0.0	(0.6)	36.9
Change in unrealized gains/losses on cash flow hedges, net of taxes of $0.0 and $0.0	(1.9)	0
Adjustments of and amortization of net actuarial loss and prior service cost, net of taxes of $0.2 and $0.2	1.3	2.9
Total other comprehensive (loss) income, net of income taxes	(3.9)	35.6
Comprehensive (loss) income	(37.4)	14.5
Less: comprehensive loss attributable to noncontrolling interests	(0.6)	(0.6)
Comprehensive (loss) income attributable to Avon	$ (36.8)	$ 15.1

Consolidated Statements of Co_2

Consolidated Statements of Comprehensive Income (Parenthetical) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Statement of Comprehensive Income [Abstract]
Unrealized (losses) gains on revaluation of long-term intercompany balances, tax	$ 0	$ 0
Change in unrealized gain/losses on cash flow hedges, tax	0	0
Adjustments of and amortization of net actuarial loss and prior service cost, tax	$ 0.2	$ 0.2

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Current Assets
Cash and cash equivalents	$ 406.4	$ 532.7
Restricted cash	17	0
Accounts receivable, net	340.9	349.7
Inventories	532.3	542
Prepaid expenses and other	255.2	272
Assets held for sale	15.7	65.6
Total current assets	1,567.5	1,762
Property, plant and equipment, at cost	1,200.5	1,207.8
Less accumulated depreciation	(657.3)	(650.2)
Property, plant and equipment, net	543.2	557.6
Right-of-use assets	180.3
Goodwill	88.6	87.4
Deferred tax asset	204.2	212.6
Other assets	413.7	390.4
Total assets	2,997.5	3,010
Current Liabilities
Debt maturing within one year	425.4	12
Accounts payable	706	816.5
Accrued compensation	103.9	85.5
Other accrued liabilities	425.2	451.3
Sales taxes and taxes other than income	94.1	103.9
Income taxes	11	15.9
Total current liabilities	1,775.2	1,496.5
Long-term debt	1,196.4	1,581.6
Long-term operating lease liability	150.4
Employee benefit plans	128.2	128.3
Long-term income taxes	135.3	136.2
Other liabilities	55.2	72.1
Total liabilities	3,440.7	3,414.7
Series C convertible preferred stock	498.3	492.1
Shareholders’ Deficit
Common stock	190.6	190.3
Additional paid-in capital	2,302.1	2,303.6
Retained earnings	2,195.4	2,234.3
Accumulated other comprehensive loss	(1,034.4)	(1,030.4)
Treasury stock, at cost	(4,602.3)	(4,602.3)
Total Avon shareholders’ deficit	(948.6)	(904.5)
Noncontrolling interests	7.1	7.7
Total shareholders’ deficit	(941.5)	(896.8)
Total liabilities, series C convertible preferred stock and shareholders’ deficit	2,997.5	3,010
Held for sale liabilities
Current Liabilities
Held for sale liabilities	0.1	11.4
Discontinued operations
Current Liabilities
Held for sale liabilities	$ 9.5	$ 0

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2019		Mar. 31, 2018
Cash Flows from Operating Activities
Net loss		$ (33.5)		$ (21.1)
Loss from discontinued operations, net of tax		(9.5)		0
Loss from continuing operations, net of tax		(24)		(21.1)
Adjustments to reconcile net loss to net cash used by operating activities:
Depreciation		20.6		20.8
Amortization		6.6		7.1
Provision for doubtful accounts		29.9		43.1
Provision for obsolescence		6.7		9.7
Share-based compensation		(0.5)		3.8
Foreign exchange (losses) gains		(19.2)		4.6
Deferred income taxes		8.2		1.8
Other		(8.6)		3.2
Changes in assets and liabilities:
Accounts receivable		(24.3)		(4.4)
Inventories		4.8		(58.4)
Prepaid expenses and other		38.4		0.1
Accounts payable and accrued liabilities		(164.2)		(106.3)
Income and other taxes		(12)		(0.9)
Noncurrent assets and liabilities		(5.1)		0.6
Net cash used by operating activities of continuing operations		(142.7)		(96.3)
Cash Flows from Investing Activities
Capital expenditures		(21.2)		(27.8)
Disposal of assets		0.4		0.8
Net proceeds from sale of business		46.4		0
Net cash provided (used) by investing activities of continuing operations		25.6		(27)
Cash Flows from Financing Activities
Debt, net (maturities of three months or less)		27.2		3.6
Repurchase of common stock		0		(2.7)
Other financing activities		(9.2)		(0.5)
Net cash provided by financing activities of continuing operations		18		0.4
Effect of exchange rate changes on cash and cash equivalents, and restricted cash		(6.3)		13.9
Net decrease in cash and cash equivalents, and restricted cash		(105.4)		(109)
Cash and cash equivalents, and restricted cash at beginning of year	[1]	536.4		881.5
Cash and cash equivalents, and restricted cash at end of period	[2]	$ 431	[1]	$ 772.5
[1]	Includes cash and cash equivalents of $3.7
[2]	Includes restricted cash related to the sale of Avon Manufacturing (Guangzhou), Ltd. at March 31, 2019

Consolidated Statements of Ca_2

Consolidated Statements of Cash Flows - Parenthetical - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Statement of Cash Flows [Abstract]
Cash and cash equivalents classified as Held for sale assets	$ 0	$ 3.7

Consolidated Statements of Chan

Consolidated Statements of Changes in Shareholders' Equity (Deficit) Statement - USD ($) $ in Millions	Total	Common Stock	Additional Paid-in Capital	Retained Earnings	AOCI Attributable to Parent	Treasury Stock	Noncontrolling Interest
Beginning balance (in shares) at Dec. 31, 2017		758,700,000				318,400,000
Beginning balance at Dec. 31, 2017	$ (714.7)	$ 189.7	$ 2,291.2	$ 2,320.3	$ (926.2)	$ (4,600)	$ 10.3
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(21.1)			(20.3)			(0.8)
Other comprehensive income (loss)	35.6				35.2		0.4
Dividends accrued - Series C convertible preferred stock	(6)			(6)
Exercise/ vesting/ expense of share-based compensation (in shares)		2,200,000				(100,000)
Exercise/ vesting/ expense of share-based compensation	$ 3.6	$ 0.6	2.5	(0.4)		$ 0.9
Repurchase of common stock (in shares)	900,000					900,000
Repurchase of common stock	$ (2.7)					$ (2.7)
Purchases and sales of noncontrolling interests, net of dividends paid	(0.2)						(0.2)
Ending balance (in shares) at Mar. 31, 2018		760,900,000				319,200,000
Ending balance at Mar. 31, 2018	(746.6)	$ 190.3	2,293.7	2,252.5	(891)	$ (4,601.8)	9.7
Beginning balance (in shares) at Dec. 31, 2018		761,800,000				319,400,000
Beginning balance at Dec. 31, 2018	(896.8)	$ 190.3	2,303.6	2,234.3	(1,030.4)	$ (4,602.3)	7.7
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(33.5)			(32.7)			(0.8)
Other comprehensive income (loss)	(3.9)				(4)		0.1
Dividends accrued - Series C convertible preferred stock	(6.2)			(6.2)
Exercise/ vesting/ expense of share-based compensation (in shares)		1,300,000
Exercise/ vesting/ expense of share-based compensation	$ (1.2)	$ 0.3	(1.5)
Repurchase of common stock (in shares)	0
Purchases and sales of noncontrolling interests, net of dividends paid	$ 0.1						0.1
Ending balance (in shares) at Mar. 31, 2019		763,100,000				319,400,000
Ending balance at Mar. 31, 2019	$ (941.5)	$ 190.6	$ 2,302.1	$ 2,195.4	$ (1,034.4)	$ (4,602.3)	$ 7.1

Consolidated Statements of Ch_2

Consolidated Statements of Changes in Shareholders' Equity (Deficit) - Parenthetical - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Statement of Stockholders' Equity [Abstract]
Dividends	$ 0	$ 0

ACCOUNTING POLICIES

ACCOUNTING POLICIES	3 Months Ended
	Mar. 31, 2019
Accounting Policies [Abstract]
ACCOUNTING POLICIES	ACCOUNTING POLICIES Basis of Presentation We prepare our unaudited interim Consolidated Financial Statements in conformity with accounting principles generally accepted in the United States ("GAAP"). We consistently applied the accounting policies described in our 2018 Annual Report on Form 10-K (" 2018 Form 10-K") in preparing these unaudited interim Consolidated Financial Statements, other than those impacted by new accounting standards as described below. In our opinion, the unaudited interim Consolidated Financial Statements reflect all adjustments of a normal recurring nature that are necessary for a fair statement of the results for the interim periods presented. Results for interim periods are not necessarily indicative of results for a full year. You should read these unaudited interim Consolidated Financial Statements in conjunction with our Consolidated Financial Statements contained in our 2018 Form 10-K. When used in this report, the terms "Avon," "Company," "we" or "us" mean Avon Products, Inc. For interim Consolidated Financial Statements purposes, we generally provide for accruals under our various employee benefit plans for each quarter based on one quarter of the estimated annual expense, and adjust these accruals as estimates are refined. In addition, our income tax provision is determined using an estimate of our consolidated annual effective tax rate, adjusted in the current period for discrete income tax items including: • the effects of significant, unusual or extraordinary pretax and income tax items, if any; • withholding taxes recognized associated with cash repatriations; and • the impact of loss-making subsidiaries for which we cannot recognize an income tax benefit and subsidiaries for which an effective tax rate cannot be reliably estimated. Argentina Currency During the quarter ended June 30, 2018, based on published official exchange rates which indicated that Argentina's three-year cumulative inflation rate had exceeded 100%, we concluded that Argentina had become a highly inflationary economy. From July 1, 2018, we have applied highly inflationary accounting for our Argentinian subsidiary. As such, the functional currency for Argentina has changed to the U.S. dollar, which is the consolidated group's reporting currency. When an entity operates in a highly inflationary economy, exchange gains and losses associated with monetary assets and liabilities resulting from changes in the exchange rate are recorded in income. Nonmonetary assets and liabilities, which include inventories, property, plant and equipment and contract liabilities, are carried forward at their historical dollar cost, which was calculated using the exchange rate at June 30, 2018. Leases In February 2016, the FASB issued ASU 2016-02, Leases , which requires all assets and liabilities arising from leases to be recognized in our Consolidated Balance Sheets. We adopted this new accounting guidance effective January 1, 2019. In July 2018, the FASB added an optional transition method which we elected upon adoption of the new standard. This allowed us to recognize and measure leases existing at January 1, 2019 without restating comparative information. In addition, we elected to apply the package of practical expedients permitted under the transition guidance within the new standard, which among other things, allows us to carry forward the historical lease classification. We determine if an arrangement is a lease at the lease commencement date. In addition to our lease agreements, we review all material new vendor arrangements for potential embedded lease obligations. The asset balance related to operating and finance leases is presented within right-of-use (ROU) asset and property, plant and equipment, respectively, on our Consolidated Balance Sheet. The short-term liability balance related to operating and finance leases is presented within other accrued liabilities on our Consolidated Balance Sheets. The long-term liability balance is presented within long-term operating lease liability and long-term debt on our Consolidated Balance Sheets for operating and finance leases, respectively. The lease liability is recognized based on the present value of the remaining fixed or in-substance fixed lease payments discounted using our incremental borrowing rates. We use a specific incremental borrowing rate for our material leases, which is determined based on the geography and term of the lease. These rates are determined based on inputs provided by external banks and updated periodically. The lease liability includes the exercise of a purchase option only if we are reasonably certain to exercise as of the commencement date of the lease. The residual value guarantee amount is only included in the lease liability calculation to the extent payment is probable to the lessor as of the commencement of the lease. The ROU asset is calculated based on the lease liability adjusted for any lease payments paid to the lessor at or before the commencement date (i.e. prepaid rent) and initial direct costs incurred by Avon and excluding any lease incentives received from the Lessor. Variable lease payments are payments to the lessor not included in the lease liability calculation. We define variable lease payments as payments made by Avon to the lessor for the right to use a leased asset that vary because of changes in facts or circumstances (such as changes in an index rate, volume, usage, etc.) occurring after the lease commencement date, other than predetermined contractual changes due to the passage of time (for example, predetermined rent increase amounts that are set out in the contract). Variable lease payments or charges are accounted for as incurred. The lease term for purposes of lease accounting may include options to extend or terminate the lease when it is reasonably certain that we will exercise that option as of the commencement date of the lease. For operating leases, the lease expense is recognized on a straight-line basis over the lease term. For finance leases, the Company amortizes the ROU asset on a straight-line basis and records interest expense on the lease liability created at lease commencement over the lease term. We account for our lease and non-lease components as a single component for most of our asset classes, and therefore both are included in the calculation of lease liability recognized on the Consolidated Balance Sheets. However, for certain lease asset classes related to identified embedded leases we account for the lease and non-lease components separately, and therefore, the non-lease component is not included in the lease liability. Leases with an initial term of twelve months or less are not recorded on the balance sheet; we recognize lease expense for these leases over their lease term. See Note 9, Leases, for further details. Other Accounting Standards Implemented ASU 2018-02, Income Statement - Reporting Comprehensive Income In February 2018, the FASB issued ASU 2018-02, Income Statement - Reporting Comprehensive Income , which permits entities to reclassify the disproportionate income tax effects of the 2017 enactment of U.S. tax reform legislation (the "Act") on items within accumulated other comprehensive income (loss) to retained earnings. We adopted this new accounting guidance effective January 1, 2019 and elected not to reclassify the disproportionate income tax effects of the Act from accumulated other comprehensive income (loss) to retained earnings. Accounting Standards to be Implemented ASU 2016-13, Financial Instruments - Credit Losses In January 2016, the FASB issued ASU 2016-13, Financial Instruments - Credit Losses,

LOSS PER SHARE AND SHARE REPURC

LOSS PER SHARE AND SHARE REPURCHASES	3 Months Ended
	Mar. 31, 2019
Earnings Per Share [Abstract]
LOSS PER SHARE AND SHARE REPURCHASES	LOSS PER SHARE AND SHARE REPURCHASES We compute loss per share ("EPS") using the two-class method, which is a loss allocation formula that determines loss per share for common stock, and loss allocated to convertible preferred stock and participating securities, as appropriate. The earnings allocated to convertible preferred stock are the larger of 1) the preferred dividends accrued in the period or 2) the percentage of earnings from continuing operations allocable to the preferred stock as if they had been converted to common stock. Our participating securities are our grants of restricted stock and restricted stock units, which contain non-forfeitable rights to dividend equivalents to the extent any dividends are declared and paid on our common stock. We compute basic EPS by dividing net income (loss) allocated to common shareholders by the weighted-average number of shares outstanding during the period. Diluted EPS is calculated to give effect to all potentially dilutive common shares that were outstanding during the period. Three Months Ended March 31, (Shares in millions) 2019 2018 Numerator from continuing operations: Loss from continuing operations, less amounts attributable to noncontrolling interests $ (23.2 ) $ (20.3 ) Less: Loss allocated to participating securities (.2 ) (.2 ) Less: Cumulative dividends on preferred stock 6.3 5.9 Loss from continuing operations allocated to common shareholders (29.3 ) (26.0 ) Numerator from discontinued operations: Loss from discontinued operations $ (9.5 ) $ — Less: Loss allocated to participating securities (.1 ) — Loss allocated to common shareholders (9.4 ) — Numerator attributable to Avon: Net loss attributable to Avon $ (32.7 ) $ (20.3 ) Less: Loss allocated to participating securities (.3 ) (.2 ) Less: Cumulative dividends on preferred stock 6.3 5.9 Loss allocated to common shareholders (38.7 ) (26.0 ) Denominator: Basic EPS weighted-average shares outstanding 442.2 440.9 Diluted effect of assumed conversion of stock options — — Diluted effect of assumed conversion of preferred stock — — Diluted EPS adjusted weighted-average shares outstanding 442.2 440.9 Loss per Common Share from continuing operations: Basic $ (.07 ) $ (.06 ) Diluted (.07 ) (.06 ) Loss per Common Share from discontinued operations: Basic $ (.02 ) $ — Diluted (.02 ) — Loss per Common Share attributable to Avon: Basic $ (.09 ) $ (.06 ) Diluted (.09 ) (.06 ) Amounts in the table above may not necessarily sum due to rounding. During the three months ended March 31, 2019 and 2018, we did not include stock options to purchase 17.2 million and 15.3 million shares, respectively, of Avon common stock in the calculation of diluted EPS as we had a net loss and the inclusion of these shares would decrease the net loss per share. Since the inclusion of such shares would be anti-dilutive, these are excluded from the calculation. For the three months ended March 31, 2019 and 2018 , respectively, it is more dilutive to assume the series C convertible preferred stock is not converted into common stock; therefore, the weighted-average shares outstanding were not adjusted by the as-if converted series C convertible preferred stock because the effect would be anti-dilutive. The inclusion of the series C convertible preferred stock would decrease the net loss per share for the three months ended March 31, 2019 and 2018 . If the as-if converted series C convertible preferred stock had been dilutive, approximately 87.1 million additional shares would have been included in the diluted weighted average number of shares outstanding for the three months ended March 31, 2019 and 2018 . See Note 6, Related Party Transactions. We did not purchase any shares of Avon common stock during the first three months of 2019 , as compared to approximately .9 million shares of Avon common stock for $2.7 during the first three months of 2018

DISCONTINUED OPERATIONS, ASSETS

DISCONTINUED OPERATIONS, ASSETS AND LIABILITIES HELD FOR SALE AND DIVESTITURES	3 Months Ended
	Mar. 31, 2019
Discontinued Operations and Disposal Groups [Abstract]
DISCONTINUED OPERATIONS, ASSETS AND LIABILITIES HELD FOR SALE AND DIVESTITURES	DISCONTINUED OPERATIONS, ASSETS AND LIABILITIES HELD FOR SALE AND DIVESTITURES Discontinued Operations On December 17, 2015, the Company entered into definitive agreements with affiliates controlled by Cerberus Capital Management, L.P. ("Cerberus"). The agreements include an investment agreement providing for a $435.0 investment by Cleveland Apple Investor L.P. ("Cerberus Investor") (an affiliate of Cerberus) in the Company through the purchase of perpetual convertible preferred stock (see Note 6, Related Party Transactions) and a separation and investment agreement providing for the separation of the Company's North America business, which represented the Company's operations in the United States, Canada and Puerto Rico, from the Company into New Avon LLC ("New Avon"), a privately-held company that is majority-owned and managed by Cerberus NA Investor LLC (an affiliate of Cerberus). These transactions closed on March 1, 2016. The Company incurred costs during the three months ended March 31, 2019 following the resolution of certain contingent liabilities related to its ownership and operation of the North America business prior to its separation into New Avon. These costs are reported as discontinued operations related to New Avon. The major classes of financial statement components comprising the loss on discontinued operations, net of tax for New Avon are shown below: Three Months Ended March 31, 2019 Selling, general and administrative expenses 9.5 Operating loss (9.5 ) Loss from discontinued operations, net of tax (9.5 ) There were no amounts recorded in discontinued operations for the three months ended March 31, 2018. See Note 21, Subsequent Events, for additional information relating to New Avon. Assets and Liabilities Held for Sale The major classes of assets and liabilities comprising Held for sale assets and Held for sale liabilities on the Consolidated Balance Sheets as of March 31, 2019 and December 31, 2018 are shown in the following table. March 31, 2019 Rye Office Malaysia Maximin Total Current Held for sale assets Property, Plant & Equipment (net) $ 12.5 $ 3.1 $ 15.6 Other assets — .1 .1 $ 12.5 $ 3.2 $ 15.7 Current Held for sale liabilities Other liabilities $ — $ .1 $ .1 $ — $ .1 $ .1 December 31, 2018 Avon Manufacturing (Guangzhou) Rye Office Malaysia Maximin Total Current held for sale assets Inventories $ 8.7 $ — $ — $ 8.7 Property, Plant & Equipment (net) 36.7 12.3 3.0 52.0 Cash and cash equivalents 3.7 — — 3.7 Other assets 1.1 — .1 1.2 $ 50.2 $ 12.3 $ 3.1 $ 65.6 Current held for sale liabilities Accounts payable 8.6 — — 8.6 Other liabilities 2.6 — .2 2.8 $ 11.2 $ — $ .2 $ 11.4 Refer to Divestitures section below for sale of Avon Manufacturing (Guangzhou). Rye Office In February 2019, we signed an agreement to sell the Rye office. As negotiations progressed, we refined the calculation for the held for sale assets which gave rise to an additional $0.2 in assets. The due diligence process has been ongoing during the first quarter of 2019 and we expect this transaction to close during the second quarter of 2019. Malaysia Maximin In February 2019, we signed an agreement to sell Malaysia Maximin. The Company is finalizing certain due diligence items and expects this transaction to close during the second quarter of 2019. Divestitures - China manufacturing On February 15, 2019, we completed the sale to TheFaceShop Co., Ltd., an affiliate of LG Household & Health Care Ltd., of all of the equity interests in Avon Manufacturing (Guangzhou), Ltd. for a total purchase price of $71.0 , less expenses of approximately $1.1 ; the purchase price included $23.5 relating to outstanding intercompany loans payable to Avon Manufacturing (Guangzhou), Ltd. from other Avon subsidiaries. As of March 31, 2019, the Company had received the gross cash proceeds of $71.0 (which included $24.6 of restricted cash, refer to Note 4, Restricted Cash) but had not yet settled the loans of $23.5 . The net cash proceeds of $46.4 , net of loan amounts, are presented as investing activities in the Consolidated Statement of Cash Flows. The proceeds to cover settlement of the loans are presented within debt, net as financing activities in the Consolidated Statement of Cash Flows. The loans were subsequently settled in April 2019. Further, $15.8 of the restricted cash balance of $24.6 was transferred from escrow into the Company's bank account in April 2019. In the first quarter of 2019, we recorded a gain on sale of $10.3 before tax, which is reported separately in the Consolidated Statements of Operations, and $8.2 after tax, representing the difference between the proceeds, including the settlement of the intercompany loans, and the carrying value of Avon Manufacturing (Guangzhou), Ltd. on the date of sale.

RESTRICTED CASH

RESTRICTED CASH	3 Months Ended
	Mar. 31, 2019
Restricted Cash and Cash Equivalents [Abstract]
Restricted Cash	RESTRICTED CASH Restricted cash is related to the sale of Avon Manufacturing (Guangzhou), Ltd. as described in Note 3, Discontinued Operations, Assets and Liabilities Held for Sale and Divestitures. Restricted cash is subject to legal restrictions imposed by the Equity Purchase Agreement between TheFaceShop Co., Ltd., an affiliate of LG Household & Health Care Ltd., Avon Asia Holdings Company and Avon Products (China) Co., Ltd related to the sale of Avon Manufacturing (Guangzhou), Ltd. These deposits are not available for general use by the Company. However, $15.8 of the restricted cash balance of $24.6 was transferred from escrow into the Company's bank accounts in April 2019. The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the Consolidated Balance Sheet that sum to the total of the same such amounts shown in the Consolidated Statement of Cash Flows for the three month period ended March 31, 2019. March 31, 2019 December 31, 2018 Cash and cash equivalents $ 406.4 $ 532.7 Restricted Cash (1) 17.0 — Long-term restricted cash (2) 7.6 — Held for sale cash and cash equivalents — 3.7 Cash and cash equivalents, and restricted cash at end of period per the statement of cash flows $ 431.0 $ 536.4 (1) $15.8 of the $17.0 was transferred from escrow into the Company's bank accounts in April 2019. The remainder is expected to be transferred into the Company's bank accounts during the second quarter of 2019. (2)

INVESTMENT IN NEW AVON

INVESTMENT IN NEW AVON	3 Months Ended
	Mar. 31, 2019
Equity Method Investments and Joint Ventures [Abstract]
INVESTMENT IN NEW AVON	INVESTMENT IN NEW AVON In connection with the separation of the Company's North America business, which closed on March 1, 2016, the Company retained a 19.9% ownership interest in New Avon, a privately-held company that is majority-owned and managed by an affiliate of Cerberus. Our recorded investment balance in New Avon at March 31, 2019 and December 31, 2018 was zero

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	3 Months Ended
	Mar. 31, 2019
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	RELATED PARTY TRANSACTIONS The following tables present the related party transactions with New Avon, affiliates of Cerberus and the Instituto Avon in Brazil. There are no other related party transactions. New Avon is majority-owned and managed by Cerberus. See Note 5, Investment in New Avon for further details. Three Months Ended March 31, 2019 2018 Statement of Operations Data Revenue from sale of product to New Avon (1) $ 4.8 $ 5.9 Gross profit from sale of product to New Avon (1) $ .1 $ .4 Cost of sales for purchases from New Avon (2) $ .6 $ .5 Selling, general and administrative expenses related to New Avon: Transition services, intellectual property, technical support and innovation and subleases (3) $ — $ (3.2 ) Project management team (4) $ 1.4 .5 Net reduction of selling, general and administrative expenses $ 1.4 $ (2.7 ) Interest income from Instituto Avon (5) $ — $ — March 31, 2019 December 31, 2018 Balance Sheet Data Inventories (6) $ .3 $ .3 Receivables due from New Avon (7) $ 4.3 $ 7.0 Receivables due from Instituto Avon (5) $ 3.2 $ 3.2 Payables due to New Avon (8) $ 1.0 $ .2 Payables due to an affiliate of Cerberus (9) $ .6 $ .6 (1) The Company supplies product to New Avon as part of a manufacturing and supply agreement. (2) New Avon supplies product to the Company as part of the same manufacturing and supply agreement noted above. The Company purchased $.8 and $.6 from New Avon associated with this agreement during the three months ended March 31, 2019 and 2018 , respectively, and recorded $.6 and $.5 associated with these purchases within cost of sales in our Consolidated Statement of Operations during the three months ended March 31, 2019 and 2018 , respectively. (3) The Company also entered into a transition services agreement to provide certain services to New Avon, which expired on October 31, 2018, as well as an intellectual property ("IP") license agreement, an agreement for technical support and innovation and sublease for office space. The net amounts recorded within selling, general and administrative expenses generally represent a recovery of the related costs. (4) The Company also entered into agreements with an affiliate of Cerberus, which provide for the secondment of Cerberus affiliate personnel to the Company's project management team responsible for assisting with the execution of the implementation of the Company’s strategic initiatives. The Company recorded $1.4 and $.5 in selling, general and administrative expenses associated with these agreements during the three months ended March 31, 2019 and 2018 , respectively. See Note 15, Restructuring Initiatives for additional information related to the Company's strategic initiatives. (5) During the second quarter of 2018, the Company entered into an agreement to loan the Instituto Avon, an independent non-government charitable organization in Brazil, R$ 12 million (Brazilian real) for an unsecured 5 -year term at a fixed interest rate of 7% per annum, to be paid back in 5 equal annual installments. The Instituto Avon was created by an Avon subsidiary in Brazil, with the board and executive team comprised of Avon Brazil management. The purpose of the loan is to provide the Instituto Avon with the means to donate funds to Fundação Pio XII (a leading cancer prevention and treatment organization in Brazil and owner of the Hospital do Câncer de Barretos), in order to invest in equipment with the objective of expanding breast cancer prevention and treatment. (6) Inventories relate to purchases from New Avon, associated with the manufacturing and supply agreement, which have not yet been sold, and were classified within inventories in our Consolidated Balance Sheets. (7) The receivables due from New Avon relate to the agreements for transition services, the IP license agreement, technical support and innovation and subleases for office space, as well as the manufacturing and supply agreement, and were classified within prepaid expenses and other in our Consolidated Balance Sheets. (8) The payables due to New Avon relate to the manufacturing and supply agreement and were classified within other accrued liabilities in our Consolidated Balance Sheets. (9) The payables due to an affiliate of Cerberus relate to the agreement for the project management team, and were classified within other accrued liabilities in our Consolidated Balance Sheets. In addition, the Company also issued standby letters of credit to the lessors of certain equipment, a lease for which was transferred to New Avon in connection with the separation of the Company's North America business. As of March 31, 2019 , the Company has a liability of $.8 for the estimated value of such standby letters of credit. Series C Preferred Stock On March 1, 2016, the Company issued and sold to Cerberus Investor 435,000 shares of newly issued series C preferred stock for an aggregate purchase price of $435.0 . Cumulative preferred dividends accrue daily on the series C preferred stock at a rate of 1.25% per quarter. The series C preferred stock had accrued unpaid dividends of $72.0 as of March 31, 2019 . Series C convertible preferred stock and accrued dividends of $498.3 on the Consolidated Balance Sheet at March 31, 2019 is stated net of $8.7 of costs incurred in connection with the issuance of the Series C convertible preferred stock in 2016. There were no dividends declared in the three months ended March 31, 2019 and 2018

REVENUE

REVENUE	3 Months Ended
	Mar. 31, 2019
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, 2019 Reportable segments Europe, Middle East & Africa South Latin America North Latin America Asia Pacific Total reportable segments Other operating segments and business activities Total Beauty: Skincare $ 139.1 $ 126.7 $ 50.3 $ 33.2 $ 349.3 $ — $ 349.3 Fragrance 133.9 98.3 48.0 17.8 298.0 — 298.0 Color 93.9 60.2 21.9 13.2 189.2 — 189.2 Total Beauty 366.9 285.2 120.2 64.2 836.5 — 836.5 Fashion & Home: Fashion 60.5 38.8 22.1 42.9 164.3 — 164.3 Home 8.5 60.2 40.3 6.4 115.4 — 115.4 Total Fashion & Home 69.0 99.0 62.4 49.3 279.7 — 279.7 Net sales 435.9 384.2 182.6 113.5 1,116.2 — 1,116.2 Representative fees 22.5 29.5 10.1 1.8 63.9 — 63.9 Other .3 1.0 — — 1.3 5.5 6.8 Other revenue 22.8 30.5 10.1 1.8 65.2 5.5 70.7 Total revenue $ 458.7 $ 414.7 $ 192.7 $ 115.3 $ 1,181.4 $ 5.5 $ 1,186.9 Three months ended March 31, 2018 Reportable segments Europe, Middle East & Africa South Latin America North Latin America Asia Pacific Total reportable segments Other operating segments and business activities Total Beauty: Skincare $ 169.2 $ 141.8 $ 46.7 $ 31.4 $ 389.1 $ 4.7 $ 393.8 Fragrance 163.2 118.6 53.6 18.6 354.0 2.2 356.2 Color 120.8 80.9 20.9 13.1 235.7 3.3 239.0 Total Beauty 453.2 341.3 121.2 63.1 978.8 10.2 989.0 Fashion & Home: Fashion 79.8 46.5 22.6 39.7 188.6 1.9 190.5 Home 9.3 71.9 41.2 7.0 129.4 .7 130.1 Total Fashion & Home 89.1 118.4 63.8 46.7 318.0 2.6 320.6 Net sales 542.3 459.7 185.0 109.8 1,296.8 12.8 1,309.6 Representative fees 25.9 36.4 10.6 1.6 74.5 1.4 75.9 Other .2 1.0 — — 1.2 6.8 8.0 Other revenue 26.1 37.4 10.6 1.6 75.7 8.2 83.9 Total revenue $ 568.4 $ 497.1 $ 195.6 $ 111.4 $ 1,372.5 $ 21.0 $ 1,393.5 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 and changing trends. 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, 2019 and December 31, 2018: 2019 2018 31 March 1 January 31 March 1 January Accounts receivable, net of allowances of $79, $93, $128 and $139 $ 340.9 $ 349.7 $ 429.0 $ 457.2 Contract liabilities $ 58.3 83.5 $ 75.5 $ 91.8 At January 1, 2019 and March 31, 2019 we had a contract liability of $83.5 and $58.3 , respectively, relating to certain material rights (loyalty points, status program and prospective discounts). During the three months ended March 31, 2019 , we recognized $52.1 of revenue related to the contract liability balance at January 1, 2019, as the result of performance obligations satisfied. In addition, we deferred an additional $26.1 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, 2019 as compared with December 31, 2018. At January 1, 2018 and March 31, 2018 we had a contract liability of $91.8 and $75.5 , respectively. During the three months ended March 31, 2018, we recognized $66.0 of revenue related to the contract liability balance at January 1, 2018, as the result of performance obligations satisfied. In addition, we deferred an additional $47.9 related to certain material rights granted during the quarter, for which the performance obligations are not yet satisfied. Of the amount deferred during the period, substantially all was recognized in 2018. Contract costs Incremental costs to obtain contracts, such as bonuses or commissions, are recognized as an asset if the entity expects to recover them. However, ASC 340-40, Other Assets and Deferred Costs , offers a practical expedient to recognize the incremental costs of obtaining a contract as an expense when incurred if the amortization period of the asset that the entity otherwise would have recognized is one year or less. We elected the practical expedient and expense costs to obtain contracts when incurred because our amortization period is one year or less.

INVENTORIES

INVENTORIES	3 Months Ended
	Mar. 31, 2019
Inventory Disclosure [Abstract]
INVENTORIES	INVENTORIES Components of Inventories March 31, 2019 December 31, 2018 Raw materials $ 143.4 $ 157.8 Finished goods 388.9 384.2 Total $ 532.3 $ 542.0

LEASES

LEASES	3 Months Ended
	Mar. 31, 2019
Leases [Abstract]
Lessee, Operating Leases	LEASES We have operating and finance leases for corporate and market offices, warehouses, automotive and other equipment. Some of our leases may include options to extend or terminate the lease. Certain leases also include options to purchase the leased property. The depreciable life of assets and leasehold improvements are limited by the expected lease term, unless there is a transfer of title or purchase option reasonably certain of exercise. Classification January 1, 2019 March 31, 2019 Assets Operating right-of-use assets Right-of-use asset $ 187.5 $ 180.3 Finance right-of-use assets Property, Plant and Equipment 3.2 3.2 Total right-of-use assets 190.7 183.5 Liabilities Current Operating lease liabilities Other accrued liabilities $ 45.4 $ 43.9 Finance lease liabilities Other accrued liabilities 1.1 1.2 Total current lease liabilities 46.5 45.1 Noncurrent Operating lease liabilities Long-term operating lease liability $ 155.9 $ 150.4 Finance lease liabilities Long-term debt 1.9 2.0 Total noncurrent lease liabilities $ 157.8 $ 152.4 Total lease liability $ 204.3 $ 197.5 The table below shows the lease income and expenses recorded in the Consolidated Statement of Operations incurred during the three months ended March 31, 2019. Lease Cost Classification Three months ended March 31, 2019 Operating lease cost (1) Selling, general and administrative expenses $ 16.8 Finance lease cost Amortization of right-of-use assets Selling, general and administrative expenses 0.4 Interest on lease liabilities Interest Expense 0.1 Short-term leases costs Selling, general and administrative expenses 1.1 Sublease income (2) Selling, general and administrative expenses (3.2 ) Net lease cost $ 15.2 (1) Includes variable lease costs which are immaterial. These are presented in selling, general and administrative expenses in our Consolidated Statements of Operations. (2) Sublease portfolio consists of the sublease of our previous principal executive office located at 777 Third Avenue, New York, NY. The maturity analysis of the finance and operating lease liabilities is reflected below. This table also reflects the reconciliation of the undiscounted cash flows to the discounted finance and operating lease liabilities as recognized in the March 31, 2019 Consolidated Balance Sheet: Maturity of Lease Liabilities Operating Leases Finance Leases Total 2019 $ 44.8 $ 1.1 $ 45.9 2020 49.6 1.2 50.8 2021 40.4 0.8 41.2 2022 34.7 0.6 35.3 2023 24.6 0.1 24.7 2024 17.7 — 17.7 Thereafter 29.3 — 29.3 Total lease payments $ 241.1 $ 3.8 $ 244.9 Less: Interest 46.8 0.6 47.4 Present value of lease liabilities $ 194.3 $ 3.2 $ 197.5 At December 31, 2018 our operating and finance lease obligations by due dates were as follows: Maturity of Lease Liabilities Operating Leases Finance Leases Total 2019 $ 56.4 $ 1.1 $ 57.5 2020 42.0 0.6 42.6 2021 35.3 0.4 35.7 2022 31.1 0.2 31.3 2023 22.4 0.1 22.5 Thereafter 46.9 0.1 47.0 Total lease payments (1) $ 234.1 $ 2.5 $ 236.6 (1) Total lease payments of $236.6 represent undiscounted cash flows and therefore do not reconcile to the total discounted lease liability of $204.3 at January 1, 2019 shown above. The Company has calculated the weighted-average remaining lease term, presented in years below, and the weighted-average discount rate for our operating and finance lease population. As noted in our lease accounting policy (See Note 1, Accounting Policies), the Company uses the incremental borrowing rate as the lease discount rate. Lease Term and Discount Rate March 31, 2019 Weighted-average remaining lease term (years) Operating leases 5.3 Finance leases 3.0 Weighted-average discount rate Operating leases 8.3 % Finance leases 11.6 % The table below sets out the classification of lease payments in the Consolidated Statement of Cash Flows. The right-of-use assets obtained in exchange for new finance and operating lease liabilities represent the new operating and finance leases entered into during the three months ended March 31, 2019. Other Information Three Months Ended March 31, 2019 - Operating Cash Flows From Operating Leases 16.4 - Financing Cash Flows From Finance Leases 0.3 Cash Paid For Amounts Included In Measurement of Liabilities $ 16.7 Right-of-use Assets Obtained In Exchange For New Finance Liabilities $ 0.7 Right-of-use Assets Obtained In Exchange For New Operating Liabilities $ 12.8
Lessee, Finance Leases	LEASES We have operating and finance leases for corporate and market offices, warehouses, automotive and other equipment. Some of our leases may include options to extend or terminate the lease. Certain leases also include options to purchase the leased property. The depreciable life of assets and leasehold improvements are limited by the expected lease term, unless there is a transfer of title or purchase option reasonably certain of exercise. Classification January 1, 2019 March 31, 2019 Assets Operating right-of-use assets Right-of-use asset $ 187.5 $ 180.3 Finance right-of-use assets Property, Plant and Equipment 3.2 3.2 Total right-of-use assets 190.7 183.5 Liabilities Current Operating lease liabilities Other accrued liabilities $ 45.4 $ 43.9 Finance lease liabilities Other accrued liabilities 1.1 1.2 Total current lease liabilities 46.5 45.1 Noncurrent Operating lease liabilities Long-term operating lease liability $ 155.9 $ 150.4 Finance lease liabilities Long-term debt 1.9 2.0 Total noncurrent lease liabilities $ 157.8 $ 152.4 Total lease liability $ 204.3 $ 197.5 The table below shows the lease income and expenses recorded in the Consolidated Statement of Operations incurred during the three months ended March 31, 2019. Lease Cost Classification Three months ended March 31, 2019 Operating lease cost (1) Selling, general and administrative expenses $ 16.8 Finance lease cost Amortization of right-of-use assets Selling, general and administrative expenses 0.4 Interest on lease liabilities Interest Expense 0.1 Short-term leases costs Selling, general and administrative expenses 1.1 Sublease income (2) Selling, general and administrative expenses (3.2 ) Net lease cost $ 15.2 (1) Includes variable lease costs which are immaterial. These are presented in selling, general and administrative expenses in our Consolidated Statements of Operations. (2) Sublease portfolio consists of the sublease of our previous principal executive office located at 777 Third Avenue, New York, NY. The maturity analysis of the finance and operating lease liabilities is reflected below. This table also reflects the reconciliation of the undiscounted cash flows to the discounted finance and operating lease liabilities as recognized in the March 31, 2019 Consolidated Balance Sheet: Maturity of Lease Liabilities Operating Leases Finance Leases Total 2019 $ 44.8 $ 1.1 $ 45.9 2020 49.6 1.2 50.8 2021 40.4 0.8 41.2 2022 34.7 0.6 35.3 2023 24.6 0.1 24.7 2024 17.7 — 17.7 Thereafter 29.3 — 29.3 Total lease payments $ 241.1 $ 3.8 $ 244.9 Less: Interest 46.8 0.6 47.4 Present value of lease liabilities $ 194.3 $ 3.2 $ 197.5 At December 31, 2018 our operating and finance lease obligations by due dates were as follows: Maturity of Lease Liabilities Operating Leases Finance Leases Total 2019 $ 56.4 $ 1.1 $ 57.5 2020 42.0 0.6 42.6 2021 35.3 0.4 35.7 2022 31.1 0.2 31.3 2023 22.4 0.1 22.5 Thereafter 46.9 0.1 47.0 Total lease payments (1) $ 234.1 $ 2.5 $ 236.6 (1) Total lease payments of $236.6 represent undiscounted cash flows and therefore do not reconcile to the total discounted lease liability of $204.3 at January 1, 2019 shown above. The Company has calculated the weighted-average remaining lease term, presented in years below, and the weighted-average discount rate for our operating and finance lease population. As noted in our lease accounting policy (See Note 1, Accounting Policies), the Company uses the incremental borrowing rate as the lease discount rate. Lease Term and Discount Rate March 31, 2019 Weighted-average remaining lease term (years) Operating leases 5.3 Finance leases 3.0 Weighted-average discount rate Operating leases 8.3 % Finance leases 11.6 % The table below sets out the classification of lease payments in the Consolidated Statement of Cash Flows. The right-of-use assets obtained in exchange for new finance and operating lease liabilities represent the new operating and finance leases entered into during the three months ended March 31, 2019. Other Information Three Months Ended March 31, 2019 - Operating Cash Flows From Operating Leases 16.4 - Financing Cash Flows From Finance Leases 0.3 Cash Paid For Amounts Included In Measurement of Liabilities $ 16.7 Right-of-use Assets Obtained In Exchange For New Finance Liabilities $ 0.7 Right-of-use Assets Obtained In Exchange For New Operating Liabilities $ 12.8

EMPLOYEE BENEFIT PLANS

EMPLOYEE BENEFIT PLANS	3 Months Ended
	Mar. 31, 2019
Retirement Benefits, Description [Abstract]
EMPLOYEE BENEFIT PLANS	EMPLOYEE BENEFIT PLANS Three Months Ended March 31, Pension Benefits Net Periodic Benefit Costs U.S. Plans Non-U.S. Plans Postretirement Benefits 2019 2018 2019 2018 2019 2018 Service cost $ .5 $ .9 $ 1.0 $ 1.2 $ — $ .1 Interest cost .6 .6 3.9 4.2 .3 .3 Expected return on plan assets (.8 ) (.8 ) (7.9 ) (8.4 ) — — Amortization of prior service credit — — — — — (.1 ) Amortization of net actuarial losses .7 1.3 1.3 1.8 — — Settlements/curtailments — — 0.1 — — — Net periodic benefit costs (1) $ 1.0 $ 2.0 $ (1.6 ) $ (1.2 ) $ .3 $ .3 (1) Service cost is presented in selling, general and administrative expenses in our Consolidated Statements of Operations. The components of net periodic benefit costs other than service cost are presented in other expense, net in our Consolidated Statements of Operations. During the three months ended March 31, 2019 , we made less than $1 of contributions to the U.S. and non-U.S. defined benefit pension and postretirement benefit plans, respectively. During the remainder of 2019 , we anticipate contributing approximately $5 to $10 and approximately $0 to $5

CONTINGENCIES

CONTINGENCIES	3 Months Ended
	Mar. 31, 2019
Commitments and Contingencies Disclosure [Abstract]
CONTINGENCIES	CONTINGENCIES Brazilian Tax Assessments In December 2012, our Brazilian subsidiary, Avon Industrial LTDA (Avon Brazil Manufacturing) received an excise tax (IPI) assessment for the year 2008. The assessment totals approximately $300 , including penalties and accrued interest. As in prior IPI cases that have been resolved in Avon’s favor, this assessment asserts that the establishment in 1995 of separate manufacturing and distribution companies in Brazil was done without a valid business purpose and that Avon Brazil Manufacturing did not observe minimum pricing rules to define the taxable basis of excise tax. The structure adopted in 1995 is comparable to that used by many other companies in Brazil. We believe that our Brazilian corporate structure is appropriate, both operationally and legally, and that the 2012 IPI assessment is unfounded. These matters are being vigorously contested. In July 2013, the 2012 IPI assessment was upheld at the first administrative level and we appealed this decision to the second administrative level. On April 18, 2018, Avon received official notification that the second administrative level has issued a partially favorable and partially unfavorable decision. In this decision, the original assessment was reduced by approximately $62 (including associated penalty and interest), subject to Federal Revenue appeal. The remaining $238 of the assessment was upheld at the second administrative level. On April 20, 2018, we appealed this decision in the third administrative level where the matter remains pending resolution. On October 3, 2017, Avon Brazil Manufacturing received a new tax assessment notice regarding IPI for 2014 on grounds similar to the 2012 assessment. The 2017 IPI assessment totals approximately $ 232 , including penalties and accrued interest. On April 2, 2018, Avon was notified of an unfavorable decision at the first administrative level. On February 25, 2019 this IPI assessment was upheld at the second administrative level and we are waiting for the formal decision. In the event that the 2012 and the 2017 IPI assessments are upheld in the third and final administrative level, it may be necessary for us to provide monetary security to pursue further appeals in the judicial levels, which, depending on the circumstances, may result in a charge to earnings and an adverse effect on the Company's Consolidated Statements of Cash Flows. It is not possible to reasonably estimate the likelihood or potential amount of assessments that may be issued for subsequent periods (tax years up through 2010 are closed by statute). We believe that the 2012 and the 2017 IPI assessments are unfounded, however, based on the likelihood that these will be upheld, we assess the risks as disclosed above as reasonably possible. At March 31, 2019 , we have not recognized a liability for the 2012 or 2017 IPI assessments. Brazil IPI Tax on Cosmetics Separate from the tax assessments received by Avon Brazil Manufacturing, Avon Cosmeticos LTDA (Avon Brazil) is involved in litigation related to an executive decree issued in May 2015. This decree increased the amount of IPI taxes that are to be remitted by Avon Brazil to the taxing authority on the sales of cosmetic products. Avon Brazil filed an objection to this IPI tax increase on the basis that it is not constitutional. In December 2016, Avon Brazil received a favorable decision from the Federal District Court regarding this objection. This decision has been appealed by the tax authorities. From May 2015 through April 2016, Avon Brazil remitted the taxes associated with this IPI tax increase into a judicial deposit which would be remitted to the taxing authorities in the event that we are not successful in our objection to the tax increase. In May 2016, Avon Brazil received a favorable preliminary decision on its objection to the tax and was granted a preliminary injunction. As a result, beginning in May 2016, Avon Brazil was no longer required to remit the taxes associated with IPI into a judicial deposit. On June 12, 2018, we received a decision authorizing Avon to withdraw the amount held as a judicial deposit, substituting it by letter of guarantee, which was presented. On June 29, 2018, the tax authorities presented an appeal against that decision. On July 30, 2018, the funds were received in our bank account. As of September 30, 2018, due in part to recent judicial decisions across the industry and other developments, we concluded, supported by the opinion of legal counsel, that the Executive Decree is unconstitutional. We therefore assessed the IPI tax under ASC 450, Contingencies and determined that the risk of loss is reasonably possible but not probable. Accordingly, we released the associated liability as of September 30, 2018 of approximately $ 195 and ceased accruing the IPI taxes from October 1, 2018. The liability had been classified within long-term sales taxes and taxes other than income in our Consolidated Balance Sheet, and the release was recorded in net sales and other (income) expense, net in the amounts of approximately $168 and approximately $27 , respectively, in our Consolidated Income Statements for the quarter ended September 30, 2018. An unfavorable ruling to our objection of this IPI tax increase would have an adverse effect on the Company's Consolidated Income Statements and Consolidated Statements of Cash Flows as Avon Brazil would have to remit the reasonably possible amount of $227 to the taxing authorities (including the judicial deposit that was returned to us on July 30, 2018). We are not able to reliably predict the timing of the outcome of our objection to this tax increase. A favorable judicial ruling to our objection of this IPI tax would also have an adverse effect on the Company's Consolidated Statements of Cash Flows as Avon Brazil would have to remit all or a portion of the associated income tax liability to the taxing authorities. The Company is accruing a tax reserve, which amounts to approximately $73 at March 31, 2019. This reserve will be settled on final adjudication of the law through a combination of cash and use of deferred tax assets. Talc-Related Litigation The Company has been named a defendant in numerous personal injury lawsuits filed in U.S. courts, alleging that certain talc products the Company sold in the past were contaminated with asbestos. Many of these actions involve a number of co-defendants from a variety of different industries, including manufacturers of cosmetics and manufacturers of other products that, unlike the Company’s products, were designed to contain asbestos. As of March 31, 2019, there were 118 individual cases pending against the Company. During the three months ended 31 March, 2019, 18 new cases were filed and 8 cases were dismissed, settled, or otherwise resolved. The value of our settlements in this area thus far has not been material, either individually or in the aggregate. Additional similar cases arising out of the use of the Company's talc products are reasonably anticipated. We believe that the claims asserted against us in these cases are without merit. We are defending vigorously against these claims and will continue to do so. To date, none of the cases filed against the Company have proceeded to trial and there have been no findings of liability against the Company. However, nationwide trial results in similar cases filed against other manufacturers of cosmetic talc products have ranged from outright dismissals to very large jury awards of both compensatory and punitive damages. Given the inherent uncertainties of litigation, we cannot predict any overall trends in the outcome of the cases pending against the Company, and we are only able to make a reasonable estimate for a small number of individual cases that have advanced to the later stages of legal proceedings. Any accruals currently recorded on the Company’s balance sheet with respect to these individual cases are not material. Other than these accruals, we are at this time unable to estimate our reasonably possible or probable losses. However, any adverse outcomes, either in an individual case or in the aggregate, could be material. Future costs to litigate these cases, which we expense as incurred, are not known but may be significant, though some costs will be covered by insurance. Brazilian Labor-Related Litigation On an ongoing basis, the Company is subject to numerous and diverse labor-related lawsuits filed by employees in Brazil. These cases are assessed on an aggregated and ongoing basis based on historical outcomes of similar cases. The claims made are often for significantly larger sums than have historically been paid out by the Company. Our practice continues to be to recognize a liability based on our assessment of historical payments in similar cases. Our best estimate of the probable loss for such current cases at March 31, 2019 is approximately $ 12 and, accordingly, we have recognized a liability for this amount. Shareholder Litigation On February 14, 2019, a purported shareholder’s class action complaint (Bevinal v. Avon Products, Inc., et al., No. 19-cv-1420) was filed in the United States District Court for the Southern District of New York against the Company and certain former officers of the Company. The complaint is brought on behalf of a purported class consisting of all purchasers of Avon common stock between August 2, 2016 and August 2, 2017, inclusive. The complaint asserts violations of Sections 10(b) and 20(a) of the Securities Exchange of 1934 (the "Exchange Act") Act based on allegedly false or misleading statements and alleged market manipulation with respect to, among other things, changes made to Avon’s credit terms for Representatives in Brazil. In light of the early stage of the litigation, we are unable to predict the outcome of this matter and are unable to assess the likelihood of loss or to make a reasonable estimate of the amount or range of loss that could result from an unfavorable outcome. Other Matters Various other lawsuits and claims, arising in the ordinary course of business or related to businesses previously sold, are pending or threatened against Avon. In management's opinion, based on its review of the information available at this time, the total cost of resolving such other contingencies at March 31, 2019

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	3 Months Ended
	Mar. 31, 2019
Equity [Abstract]
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) The tables below present the changes in AOCI by component and the reclassifications out of AOCI for the three months ended March 31, 2019 and 2018 : Three Months Ended March 31, 2019 Foreign Currency Translation Adjustments Cash Flow Hedges Net Investment Hedges Pension and Postretirement Benefits Investment in New Avon Total Balance at December 31, 2018 $ (936.2 ) $ 0.5 $ (4.3 ) $ (93.8 ) $ 3.4 $ (1,030.4 ) Other comprehensive loss other than reclassifications (3.4 ) (2.4 ) — — — (5.8 ) Reclassifications into earnings: Derivative losses on cash flow hedges, net of tax of $0.0 0.5 0.5 Amortization of net actuarial loss and prior service cost, net of tax of $.2 (1) — — — 1.3 — 1.3 Total reclassifications into earnings — 0.5 — 1.3 — 1.8 Balance at March 31, 2019 $ (939.6 ) $ (1.4 ) $ (4.3 ) $ (92.5 ) $ 3.4 $ (1,034.4 ) Three Months Ended March 31, 2018 Foreign Currency Translation Adjustments Net Investment Hedges Pension and Postretirement Benefits Investment in New Avon Total Balance at December 31, 2017 $ (829.6 ) $ (4.3 ) $ (95.7 ) $ 3.4 $ (926.2 ) Other comprehensive income other than reclassifications 32.3 — — — 32.3 Reclassifications into earnings: Amortization of net actuarial loss and prior service cost, net of tax of $.2 (1) — — 2.9 — 2.9 Total reclassifications into earnings — — 2.9 — 2.9 Balance at March 31, 2018 $ (797.3 ) $ (4.3 ) $ (92.8 ) $ 3.4 $ (891.0 ) (1) Gross amount reclassified to other expense, net in our Consolidated Statements of Operations, and related taxes reclassified to income taxes in our Consolidated Statements of Operations. A foreign exchange net gain of $2.6 and $ 5.9 for the three months ended March 31, 2019 and 2018

SEGMENT INFORMATION

SEGMENT INFORMATION	3 Months Ended
	Mar. 31, 2019
Segment Reporting [Abstract]
SEGMENT INFORMATION	SEGMENT INFORMATION We determine segment profit by deducting the related costs and expenses from segment revenue. Segment profit includes an allocation of global marketing and digital expenses based on actual revenues. Segment profit excludes global expenses other than the allocation of marketing and digital, costs to implement ("CTI") restructuring initiatives (see Note 15, Restructuring Initiatives), certain significant asset impairment charges, and other items, which are not allocated to a particular segment, if applicable. This is consistent with the manner in which we assess our performance and allocate resources. Summarized financial information concerning our reportable segments was as follows: Three Months Ended March 31, Total Revenue 2019 2018 Europe, Middle East & Africa $ 458.7 $ 568.4 South Latin America 414.7 497.1 North Latin America 192.7 195.6 Asia Pacific 115.3 111.4 Total revenue from reportable segments 1,181.4 1,372.5 Other operating segments and business activities 5.5 21.0 Total revenue $ 1,186.9 $ 1,393.5 Three Months Ended March 31, Operating Profit 2019 2018 Segment Profit Europe, Middle East & Africa $ 59.2 $ 74.4 South Latin America 23.8 27.2 North Latin America 16.5 20.8 Asia Pacific 16.7 10.4 Total profit from reportable segments $ 116.2 $ 132.8 Other operating segments and business activities .6 2.2 Unallocated global expenses (63.1 ) (79.2 ) CTI restructuring initiatives (53.5 ) (10.9 ) Other items (4.1 ) — Operating (loss) profit $ (3.9 ) $ 44.9

SUPPLEMENTAL BALANCE SHEET INFO

SUPPLEMENTAL BALANCE SHEET INFORMATION	3 Months Ended
	Mar. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
SUPPLEMENTAL BALANCE SHEET INFORMATION	SUPPLEMENTAL BALANCE SHEET INFORMATION At March 31, 2019 and December 31, 2018 , prepaid expenses and other included the following: Components of Prepaid Expenses and Other March 31, 2019 December 31, 2018 Prepaid taxes and tax refunds receivable $ 126.6 $ 145.0 Receivables other than trade 56.2 69.2 Prepaid brochure costs, paper and other literature 14.4 14.9 Other 58.0 42.9 Prepaid expenses and other $ 255.2 $ 272.0 At March 31, 2019 and December 31, 2018 , other assets included the following: Components of Other Assets March 31, 2019 December 31, 2018 Net overfunded pension plans $ 95.8 $ 88.1 Capitalized software 88.8 89.3 Judicial deposits 72.2 74.1 Long-term receivables 79.4 73.2 Trust assets associated with supplemental benefit plans 37.4 37.0 Tooling (plates and molds associated with our beauty products) 12.0 12.6 Other 28.1 16.1 Other assets $ 413.7 $ 390.4

RESTRUCTURING INITIATIVES

RESTRUCTURING INITIATIVES	3 Months Ended
	Mar. 31, 2019
Restructuring and Related Activities [Abstract]
RESTRUCTURING INITIATIVES	RESTRUCTURING INITIATIVES Transformation Plan and Open Up Avon Open Up Avon In September 2018, we initiated a new strategy in order to return Avon to growth ("Open Up Avon"). As one element of this plan, we are targeting annualized cost savings of approximately $400 by 2021, to be generated from efficiencies in manufacturing and sourcing, distribution, general and administrative activities, and back office functions, as well as through revenue management, interest and tax. These savings are expected to be achieved through restructuring actions (that may result in charges related to severance, contract terminations and inventory and other asset write-offs), as well as other cost-savings strategies that would not result in restructuring charges. In January 2019, we announced significant advancements in this strategy, including a structural reset of inventory processes and a reduction in global workforce. The structural reset resulted in an incremental one-off inventory obsolescence expense of $88 recognized at December 31, 2018. As a result of Open Up Avon restructuring actions approved to-date, we have recorded total costs to implement these restructuring initiatives of $188.3 before taxes, of which $45.1 was recorded during the three months ended March 31, 2019 , in our Consolidated Statements of Operations. Transformation Plan In January 2016, we initiated a transformation plan (the "Transformation Plan"), in order to enable us to achieve our long-term goals of mid-single-digit constant-dollar ("Constant $") revenue growth and low double-digit operating margin. Under this plan, we had targeted pre-tax annualized cost savings of approximately $350 after three years, which we exceeded through restructuring actions, as well as other cost-savings strategies that did not result in restructuring charges. As a result of these restructuring actions approved to-date, we have recorded total costs to implement these restructuring initiatives of $203.4 before taxes, of which a benefit of $2.0 was recorded during the three months ended March 31, 2019 , in our Consolidated Statements of Operations. There are no further restructuring actions to be taken associated with our Transformation Plan, as beginning in the third quarter of 2018, all new restructuring actions approved operate under our new Open Up Avon plan described above. Costs to Implement Restructuring Initiatives - Three Months Ended March 31, 2019 and 2018 During the three months ended March 31, 2019 , we recorded net costs to implement of $43.2 , of which $45.1 related to Open Up Avon, a net benefit of $2 related to the Transformation Plan, and $.1 related to other restructuring initiatives, in our Consolidated Statements of Operations. During the three months ended March 31, 2018, we recorded costs to implement of $10.9 related to the Transformation Plan, in our Consolidated Statements of Operations. The costs during the three months ended March 31, 2019 and 2018 consisted of the following: Three Months Ended March 31, 2019 2018 CTI recorded in operating profit - COGS Manufacturing asset write-offs $ 3.8 $ — Inventory write-off 0.5 0.6 4.3 0.6 CTI recorded in operating profit - SG&A Net charges for employee-related costs, including severance benefits 35.3 8.3 Implementation costs, primarily related to professional service fees 8.7 1.1 Dual running costs 1.8 — Contract termination and other net benefits 3.3 0.2 Accelerated depreciation 0.1 0.7 49.2 10.3 CTI recorded in operating profit 53.5 10.9 CTI recorded in other expenses Gain on sale of China business (relating mainly to foreign currency translation adjustment gain) (10.3 ) — Total CTI $ 43.2 $ 10.9 Open Up Avon $ 45.1 $ — Transformation Plan $ (2.0 ) $ 10.9 Other $ 0.1 $ — The tables below include restructuring costs such as employee-related costs, inventory and asset write-offs, foreign currency translation write-offs and contract terminations, and do not include other costs to implement restructuring initiatives such as professional services fees, dual running costs, accelerated depreciation and gain on sale of business. The liability balance included in other accrued liabilities in our Consolidated Statements of Operations for the restructuring actions associated with Open Up Avon at March 31, 2019 is as follows: Employee-Related Costs Inventory/Assets Write-offs Foreign Currency Translation Adjustment Write-offs Contract Terminations/Other Total Balance at December 31, 2018 $ 19.6 $ — $ — $ 1.1 $ 20.7 2019 charges $ 37.6 $ 4.3 $ (10.3 ) $ 3.0 34.6 Adjustments (1.3 ) — — — (1.3 ) Cash payments (9.6 ) — — (0.7 ) (10.3 ) Non-cash write-offs — (4.3 ) 10.3 — 6.0 Foreign exchange (.8 ) — — — (.8 ) Balance at March 31, 2019 $ 45.5 $ — $ — $ 3.4 $ 48.9 The liability balance included in other accrued liabilities in our Consolidated Statements of Operations for the restructuring actions associated with our Transformation Plan as of March 31, 2019 is as follows: Employee-Related Costs Contract Terminations/Other Total Balance at December 31, 2018 $ 34.4 $ 3.6 $ 38.0 2019 charges — — — Adjustments (1.1 ) .2 (.9 ) Cash payments (10.8 ) (2.5 ) (13.3 ) Non-cash write-offs — — — Foreign exchange .1 — .1 Balance at March 31, 2019 $ 22.6 $ 1.3 $ 23.9 The majority of cash payments, if applicable, associated with the year-end liability are expected to be made during 2019. The following table presents the restructuring charges incurred to date, under Open Up Avon and the Transformation Plan, 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 Open Up Avon Charges incurred to-date $ 62.7 $ 92.6 $ 5.3 $ (10.3 ) $ 150.3 Estimated charges to be incurred on approved initiatives 1.0 — — — 1.0 Total expected charges on approved initiatives $ 63.7 $ 92.6 $ 5.3 $ (10.3 ) $ 151.3 Transformation Plan Charges incurred to-date $ 126.9 $ 2.3 $ 40.9 $ 3.4 $ 173.5 Estimated charges to be incurred on approved initiatives — — — — — Total expected charges on approved initiatives $ 126.9 $ 2.3 $ 40.9 $ 3.4 $ 173.5 The charges, net of adjustments, of initiatives under the Open Up Avon and the Transformation Plan, along with the estimated charges expected to be incurred on approved initiatives under the plans, by reportable segment are as follows: Europe, Middle East & Africa South Latin America North Latin America Asia Pacific Global & Other Operating Segments Total Open Up Avon 2018 $ 32.2 $ 36.4 $ 27.9 $ 14.4 $ 6.2 $ 117.1 First quarter 2019 13.5 12.7 2.9 (3.2 ) 7.3 33.2 Charges incurred to-date 45.7 49.1 30.8 11.2 13.5 150.3 Estimated charges to be incurred on approved initiatives .1 — .4 — .5 1.0 Total expected charges on approved initiatives $ 45.8 $ 49.1 $ 31.2 $ 11.2 $ 14.0 $ 151.3 Transformation Plan 2015 $ — $ — $ — $ — $ 21.4 $ 21.4 2016 30.9 13.2 4.4 9.1 16.8 74.4 2017 .9 5.6 (.6 ) (.5 ) 49.4 54.8 2018 5.0 4.1 .6 .6 13.4 23.7 First quarter 2019 (1.1 ) — — — .3 (.8 ) Charges incurred to-date 35.7 22.9 4.4 9.2 101.3 173.5 Estimated charges to be incurred on approved initiatives — — — — — — Total expected charges on approved initiatives $ 35.7 $ 22.9 $ 4.4 $ 9.2 $ 101.3 $ 173.5

GOODWILL

GOODWILL	3 Months Ended
	Mar. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL	GOODWILL Europe, Middle East & Africa South Latin America Asia Pacific Total Net balance at December 31, 2018 $ 18.0 $ 66.8 $ 2.6 $ 87.4 Changes during the period ended March 31, 2019: Foreign exchange (.3 ) 1.5 — 1.2 Net balance at March 31, 2019 $ 17.7 $ 68.3 $ 2.6 $ 88.6

FAIR VALUE

FAIR VALUE	3 Months Ended
	Mar. 31, 2019
Fair Value Disclosures [Abstract]
FAIR VALUE	FAIR VALUE Assets and Liabilities Recorded at Fair Value on a Recurring Basis The following table presents the fair value hierarchy for those assets and liabilities measured at fair value on a recurring basis as of March 31, 2019: Level 1 Level 2 Total Assets: Available-for-sale securities $ 3.9 $ — $ 3.9 Foreign exchange forward contracts $ — $ 17.1 $ 17.1 Total $ 3.9 $ 17.1 $ 21.0 Liabilities: $ — Foreign exchange forward contracts $ — $ 1.9 $ 1.9 Total $ — $ 1.9 $ 1.9 The assets and liabilities measured at fair value on a recurring basis were immaterial at December 31, 2018. Fair Value of Financial Instruments Our financial instruments include cash and cash equivalents, available-for-sale securities, short-term investments, accounts receivable, debt maturing within one year, accounts payable, long-term debt and foreign exchange forward contracts. The carrying value for cash and cash equivalents, accounts receivable, accounts payable and short-term investments approximate fair value because of the short-term nature of these instruments. The net asset (liability) amounts recorded in the balance sheet (carrying amount) and the estimated fair values of our remaining financial instruments at March 31, 2019 and December 31, 2018 , respectively, consisted of the following: March 31, 2019 December 31, 2018 Carrying Amount Fair Value Carrying Amount Fair Value Available-for-sale securities $ 3.9 $ 3.9 $ 3.8 $ 3.8 Debt maturing within one year (1) (425.4 ) (433.4 ) (12.0 ) (12.0 ) Long-term debt (1) (1,196.4 ) (1,207.1 ) (1,581.6 ) (1,460.2 ) Foreign exchange forward contracts 15.2 15.2 (5.1 ) (5.1 ) (1) The carrying value of debt maturing within one year and long-term debt is presented net of debt issuance costs and includes any related discount or premium and unamortized deferred gains on terminated interest-rate swap agreements, as applicable. The methods and assumptions used to estimate fair value are as follows: • Available-for-sale securities - The fair values of these investments were the quoted market prices for issues listed on securities exchanges. • Debt maturing within one year and long-term debt - The fair values of our debt and other financing were determined using Level 2 inputs based on indicative market prices. •

DERIVATIVE INSTRUMENTS AND HEDG

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES	3 Months Ended
	Mar. 31, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES	DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES We operate globally, with manufacturing and distribution facilities in various countries around the world. We may reduce our exposure to fluctuations in the fair value and cash flows associated with changes in interest rates and foreign exchange rates by creating offsetting positions, including through the use of derivative financial instruments. If we use foreign currency-rate sensitive and interest-rate sensitive instruments to hedge a certain portion of our existing and forecasted transactions, we would expect that any gain or loss in value of the hedge instruments generally would be offset by decreases or increases in the value of the underlying forecasted transactions. We do not enter into derivative financial instruments for trading or speculative purposes, nor are we a party to leveraged derivatives. The master agreements governing our derivative contracts generally contain standard provisions that could trigger early termination of the contracts in certain circumstances, including if we were to merge with another entity and the creditworthiness of the surviving entity were to be "materially weaker" than that of Avon prior to the merger. Derivatives are recognized in the Consolidated Balance Sheets at their fair values. The following table presents the fair value of derivative instruments at March 31, 2019: Asset Liability Balance Sheet Classification Fair Value Balance Sheet Classification Fair Value Derivatives designated as hedges: Foreign exchange forward contracts Prepaid expenses and other $ — Accounts payable $ 1.6 Derivatives not designated as hedges: Foreign exchange forward contracts Prepaid expenses and other $ 17.1 Accounts payable $ .3 Total derivatives $ 17.1 $ 1.9 The fair value of derivative instruments outstanding was immaterial at December 31, 2018. Interest Rate Risk A portion of our borrowings is subject to interest rate risk. In the past we have used interest-rate swap agreements, which effectively converted the fixed rate on long-term debt to a floating interest rate, to manage our interest rate exposure. The agreements were designated as fair value hedges. As of March 31, 2019 , we do not have any interest-rate swap agreements. Approximately 26% and 1% of our debt portfolio, at March 31, 2019 and December 31, 2018 , respectively, was exposed to floating interest rates. For the purpose of this calculation, we consider all short-term debt to be exposed to floating interest rates. In March 2012, we terminated two of our interest-rate swap agreements previously designated as fair value hedges, with notional amounts totaling $ 350 . As of the interest-rate swap agreements’ termination date, the aggregate favorable adjustment to the carrying value (deferred gain) of our debt was $ 46.1 , which was amortized as a reduction of interest expense until repayment of the underlying debt obligations in June 2018, at which point the remaining unamortized balance was fully released to the Consolidated Statement of Operations. The net impact of the gain amortization was zero for the three months ended March 31, 2019 and $1.3 for the three months ended March 31, 2018 . At March 31, 2019 , there was no unamortized deferred gain associated with the March 2012 interest-rate swap termination as the underlying debt obligations have been paid. Foreign Currency Risk We may use foreign exchange forward contracts to manage a portion of our foreign currency exchange rate exposures. At March 31, 2019 , we had outstanding foreign exchange forward contracts with notional amounts totaling approximately $1,236.2 for various currencies, of which $26.8 were designated as cash flow hedges. We may use foreign exchange forward contracts to manage foreign currency exposure of certain intercompany loans. The change in fair value of these contracts is immediately recognized in earnings and substantially offsets the foreign currency impact recognized in earnings relating to the associated intercompany loans. During the three months ended March 31, 2019 , we recorded a gain of $25.0 in other expense in our Consolidated Statements of Operations related to these undesignated foreign exchange forward contracts. During the three months ended March 31, 2018 , we recorded a gain of $.9 in other expense, net in our Consolidated Statements of Operations related to other undesignated foreign exchange forward contracts.

DEBT

DEBT	3 Months Ended
	Mar. 31, 2019
Debt Disclosure [Abstract]
DEBT	DEBT Revolving Credit Facility In June 2015, Avon International Operations, Inc. ("AIO"), a wholly-owned domestic subsidiary of the Company, entered into a five -year $400.0 senior secured revolving credit facility (the "2015 facility"). In February 2019, Avon International Capital, p.l.c. ("AIC"), a wholly-owned foreign subsidiary of the Company, entered into a three -year €200 million senior secured revolving credit facility (the "2019 facility"). As of March 31, 2019 this amounted to $225 . The 2019 facility replaced the 2015 facility and the 2015 facility was terminated at such time. There were no amounts drawn under the 2015 revolving credit facility on the date of termination and no early termination penalties were incurred. In the first quarter of 2019, $2 was recorded for the write-off of unamortized issuance costs related to the 2015 revolving credit facility. As of March 31, 2019, there were no amounts outstanding under the 2019 facility. The 2019 facility will terminate in February 2022; provided, however, that it shall terminate on the 91 st day prior to the maturity of the 4.60% Notes (as defined below), if on such 91 st day, the applicable notes are not redeemed, repaid, discharged, defeased or otherwise refinanced in full. In the first quarter of 2019, the Company capitalized $10 of issue costs relating to the new revolving credit facility; this resulted in a cash outflow presented in other financing activities within the Consolidated Statement of Cash Flows. As of March 31, 2019 , we were in compliance with our interest coverage and total leverage ratios under the 2019 facility, as amended. The amount of the facility available to be drawn down on is reduced by any standby letters of credit granted by an obligor, which, as of March 31, 2019 , was approximately $28 . As of March 31, 2019 , based on then applicable interest rates, the entire amount of the remaining 2019 facility, which is approximately €175 million , could have been drawn down without violating any covenant. Public Notes In March 2013, we issued, in a public offering, $500.0 principal amount of 4.60% Notes due March 15, 2020 (the " 4.60% Notes"), $500.0 principal amount of 5.00% Notes due March 15, 2023 (the " 5.00% Notes") and $250.0 principal amount of 6.95% Notes due March 15, 2043 (the " 6.95% Notes") (collectively, the "2013 Notes"). Interest on the 2013 Notes is payable semi-annually on March 15 and September 15 of each year. The indenture governing the 2013 Notes contains interest rate adjustment provisions depending on the long-term credit ratings assigned to the 2013 Notes by S&P and Moody's. As described in the indenture, the interest rates on the 2013 Notes increase by .25% for each one-notch downgrade below investment grade on each of our long-term credit ratings assigned to the 2013 Notes by S&P or Moody's. These adjustments are limited to a total increase of 2% above the respective interest rates in effect on the date of issuance of the 2013 Notes. As a result of the long-term credit rating downgrades by S&P and Moody's since issuance of the 2013 Notes, the interest rates on these notes have increased by the maximum allowable increase. The remaining balance of $386.9 of the 4.60% Notes is due in March 2020. Based upon the Company’s cash on hand and restricted cash of $431.0 as of March 31, 2019 and its 2019 forecasted cash flow, the Company believes that it will maintain sufficient liquidity to meet this obligation. In addition, the Company has access to the unused portion of its revolving credit facility of €175 million . Senior Secured Notes In August 2016, AIO issued, in a private placement exempt from registration under the Securities Act of 1933, as amended, $500.0 in aggregate principal amount of 7.875%

INCOME TAXES

INCOME TAXES	3 Months Ended
	Mar. 31, 2019
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES Our quarterly income tax provision is calculated using an estimated annual effective income tax approach. The quarterly effective tax rate can differ from our estimated annual effective tax rate as the Company cannot apply an effective tax rate approach for all of its operations. For those entities that can apply an effective tax rate approach, as of March 31, 2019 , our annual effective tax rate, excluding discrete items, is 24.3% for 2019, as compared to 26.5% as of March 31, 2018 . The remaining entities, which are operations that generate pre-tax losses which cannot be tax benefited and/or have an effective tax rate which cannot be reliably estimated, have to account for their income taxes on a discrete year-to-date basis as of the end of each quarter and are excluded from the effective tax rate approach. The estimated annual effective tax rate for 2019 also excludes the unfavorable impact of withholding taxes associated with certain intercompany payments, including royalties, service charges, interest and dividends, which in the aggregate are relatively consistent each year due to the need to repatriate funds to cover U.S. and U.K.-based costs, such as interest on debt and corporate overhead. Withholding taxes are accounted for discretely and accrued in the provision for income taxes as they become due. The provision for income taxes for the three months ended March 31, 2019 and 2018 was $19.5 and $31.5 , respectively. Our effective tax rates for the three months ended March 31, 2019 and 2018 were (433.3)% and 302.9% , respectively. The effective tax rate in the first quarter of 2019 was also favorably impacted by the accrual of income tax benefits of approximately $3.5 associated with the release of income tax reserves of approximately $3.7 associated with our uncertain tax positions net of other miscellaneous income tax expenses of approximately $0.2 . The effective tax rate in the first quarter of 2018 was also unfavorably impacted by one-time income tax reserves of $ 9.2 associated with our uncertain tax positions net of other miscellaneous income tax benefits of approximately $1.2 . In its final analysis of the impacts of the Tax Cuts and Job Act (the "Act") during the fourth quarter of 2018, the Company elected to treat income taxes associated with Global Intangible Low-Taxed Income ("GILTI"), as a period cost. As a result, the first-quarter 2019 provision for income taxes reflects this treatment. The first-quarter 2018 provision for income taxes has also been calculated treating GILTI as a period cost. For both periods, GILTI did not have a material effect. The Act has significant complexity. The Company has considered the published guidance provided by the various Federal and state regulatory authorities into the calculation of its income tax provisions available as of March 31, 2019 and March 31, 2018 for the respective quarters ended March 31, 2019 and March 31, 2018 .

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	3 Months Ended
	Mar. 31, 2019
Subsequent Events [Abstract]
Subsequent Events	SUBSEQUENT EVENTS Sale of New Avon In April 2019, we signed an agreement with LG Household & Health Care Ltd. to sell our 19.9% ownership interest in New Avon, a privately-held company that is majority-owned and managed by an affiliate of Cerberus. Refer to Note 3, Discontinued Operations, Asset and Liabilities Held for Sale and Divestitures, and Note 5, Investment in New Avon, for more information relating to New Avon. LG Household & Health Care Ltd. will acquire all of the interests of New Avon for $125 in cash, of which Avon will receive $24.9 in cash for our 19.9%

ACCOUNTING POLICIES (Policy)

ACCOUNTING POLICIES (Policy)	3 Months Ended
	Mar. 31, 2019
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation We prepare our unaudited interim Consolidated Financial Statements in conformity with accounting principles generally accepted in the United States ("GAAP"). We consistently applied the accounting policies described in our 2018 Annual Report on Form 10-K (" 2018 Form 10-K") in preparing these unaudited interim Consolidated Financial Statements, other than those impacted by new accounting standards as described below. In our opinion, the unaudited interim Consolidated Financial Statements reflect all adjustments of a normal recurring nature that are necessary for a fair statement of the results for the interim periods presented. Results for interim periods are not necessarily indicative of results for a full year. You should read these unaudited interim Consolidated Financial Statements in conjunction with our Consolidated Financial Statements contained in our 2018 Form 10-K. When used in this report, the terms "Avon," "Company," "we" or "us" mean Avon Products, Inc. For interim Consolidated Financial Statements purposes, we generally provide for accruals under our various employee benefit plans for each quarter based on one quarter of the estimated annual expense, and adjust these accruals as estimates are refined. In addition, our income tax provision is determined using an estimate of our consolidated annual effective tax rate, adjusted in the current period for discrete income tax items including: • the effects of significant, unusual or extraordinary pretax and income tax items, if any; • withholding taxes recognized associated with cash repatriations; and •
Leases	Leases In February 2016, the FASB issued ASU 2016-02, Leases , which requires all assets and liabilities arising from leases to be recognized in our Consolidated Balance Sheets. We adopted this new accounting guidance effective January 1, 2019. In July 2018, the FASB added an optional transition method which we elected upon adoption of the new standard. This allowed us to recognize and measure leases existing at January 1, 2019 without restating comparative information. In addition, we elected to apply the package of practical expedients permitted under the transition guidance within the new standard, which among other things, allows us to carry forward the historical lease classification. We determine if an arrangement is a lease at the lease commencement date. In addition to our lease agreements, we review all material new vendor arrangements for potential embedded lease obligations. The asset balance related to operating and finance leases is presented within right-of-use (ROU) asset and property, plant and equipment, respectively, on our Consolidated Balance Sheet. The short-term liability balance related to operating and finance leases is presented within other accrued liabilities on our Consolidated Balance Sheets. The long-term liability balance is presented within long-term operating lease liability and long-term debt on our Consolidated Balance Sheets for operating and finance leases, respectively. The lease liability is recognized based on the present value of the remaining fixed or in-substance fixed lease payments discounted using our incremental borrowing rates. We use a specific incremental borrowing rate for our material leases, which is determined based on the geography and term of the lease. These rates are determined based on inputs provided by external banks and updated periodically. The lease liability includes the exercise of a purchase option only if we are reasonably certain to exercise as of the commencement date of the lease. The residual value guarantee amount is only included in the lease liability calculation to the extent payment is probable to the lessor as of the commencement of the lease. The ROU asset is calculated based on the lease liability adjusted for any lease payments paid to the lessor at or before the commencement date (i.e. prepaid rent) and initial direct costs incurred by Avon and excluding any lease incentives received from the Lessor. Variable lease payments are payments to the lessor not included in the lease liability calculation. We define variable lease payments as payments made by Avon to the lessor for the right to use a leased asset that vary because of changes in facts or circumstances (such as changes in an index rate, volume, usage, etc.) occurring after the lease commencement date, other than predetermined contractual changes due to the passage of time (for example, predetermined rent increase amounts that are set out in the contract). Variable lease payments or charges are accounted for as incurred. The lease term for purposes of lease accounting may include options to extend or terminate the lease when it is reasonably certain that we will exercise that option as of the commencement date of the lease. For operating leases, the lease expense is recognized on a straight-line basis over the lease term. For finance leases, the Company amortizes the ROU asset on a straight-line basis and records interest expense on the lease liability created at lease commencement over the lease term. We account for our lease and non-lease components as a single component for most of our asset classes, and therefore both are included in the calculation of lease liability recognized on the Consolidated Balance Sheets. However, for certain lease asset classes related to identified embedded leases we account for the lease and non-lease components separately, and therefore, the non-lease component is not included in the lease liability.
Other Accounting Standards Implemented	Other Accounting Standards Implemented ASU 2018-02, Income Statement - Reporting Comprehensive Income In February 2018, the FASB issued ASU 2018-02, Income Statement - Reporting Comprehensive Income , which permits entities to reclassify the disproportionate income tax effects of the 2017 enactment of U.S. tax reform legislation (the "Act") on items within accumulated other comprehensive income (loss) to retained earnings. We adopted this new accounting guidance effective January 1, 2019 and elected not to reclassify the disproportionate income tax effects of the Act from accumulated other comprehensive income (loss) to retained earnings. Accounting Standards to be Implemented ASU 2016-13, Financial Instruments - Credit Losses In January 2016, the FASB issued ASU 2016-13, Financial Instruments - Credit Losses,

LOSS PER SHARE AND SHARE REPU_2

LOSS PER SHARE AND SHARE REPURCHASES (Tables)	3 Months Ended
	Mar. 31, 2019
Earnings Per Share [Abstract]
Components of Basic and Diluted Earnings per Share	Three Months Ended March 31, (Shares in millions) 2019 2018 Numerator from continuing operations: Loss from continuing operations, less amounts attributable to noncontrolling interests $ (23.2 ) $ (20.3 ) Less: Loss allocated to participating securities (.2 ) (.2 ) Less: Cumulative dividends on preferred stock 6.3 5.9 Loss from continuing operations allocated to common shareholders (29.3 ) (26.0 ) Numerator from discontinued operations: Loss from discontinued operations $ (9.5 ) $ — Less: Loss allocated to participating securities (.1 ) — Loss allocated to common shareholders (9.4 ) — Numerator attributable to Avon: Net loss attributable to Avon $ (32.7 ) $ (20.3 ) Less: Loss allocated to participating securities (.3 ) (.2 ) Less: Cumulative dividends on preferred stock 6.3 5.9 Loss allocated to common shareholders (38.7 ) (26.0 ) Denominator: Basic EPS weighted-average shares outstanding 442.2 440.9 Diluted effect of assumed conversion of stock options — — Diluted effect of assumed conversion of preferred stock — — Diluted EPS adjusted weighted-average shares outstanding 442.2 440.9 Loss per Common Share from continuing operations: Basic $ (.07 ) $ (.06 ) Diluted (.07 ) (.06 ) Loss per Common Share from discontinued operations: Basic $ (.02 ) $ — Diluted (.02 ) — Loss per Common Share attributable to Avon: Basic $ (.09 ) $ (.06 ) Diluted (.09 ) (.06 )

DISCONTINUED OPERATIONS, ASSE_2

DISCONTINUED OPERATIONS, ASSETS AND LIABILITIES HELD FOR SALE AND DIVESTITURES (Tables)	3 Months Ended
	Mar. 31, 2019
Discontinued Operations and Disposal Groups [Abstract]
Major Classes of Financial Statement Components Comprising the Loss on Discontinued Operations	The major classes of assets and liabilities comprising Held for sale assets and Held for sale liabilities on the Consolidated Balance Sheets as of March 31, 2019 and December 31, 2018 are shown in the following table. March 31, 2019 Rye Office Malaysia Maximin Total Current Held for sale assets Property, Plant & Equipment (net) $ 12.5 $ 3.1 $ 15.6 Other assets — .1 .1 $ 12.5 $ 3.2 $ 15.7 Current Held for sale liabilities Other liabilities $ — $ .1 $ .1 $ — $ .1 $ .1 December 31, 2018 Avon Manufacturing (Guangzhou) Rye Office Malaysia Maximin Total Current held for sale assets Inventories $ 8.7 $ — $ — $ 8.7 Property, Plant & Equipment (net) 36.7 12.3 3.0 52.0 Cash and cash equivalents 3.7 — — 3.7 Other assets 1.1 — .1 1.2 $ 50.2 $ 12.3 $ 3.1 $ 65.6 Current held for sale liabilities Accounts payable 8.6 — — 8.6 Other liabilities 2.6 — .2 2.8 $ 11.2 $ — $ .2 $ 11.4 Three Months Ended March 31, 2019 Selling, general and administrative expenses 9.5 Operating loss (9.5 ) Loss from discontinued operations, net of tax (9.5 )

RESTRICTED CASH (Tables)

RESTRICTED CASH (Tables)	3 Months Ended
	Mar. 31, 2019
Restricted Cash and Cash Equivalents [Abstract]
Schedule of Restrictions on Cash and Cash Equivalents	The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the Consolidated Balance Sheet that sum to the total of the same such amounts shown in the Consolidated Statement of Cash Flows for the three month period ended March 31, 2019. March 31, 2019 December 31, 2018 Cash and cash equivalents $ 406.4 $ 532.7 Restricted Cash (1) 17.0 — Long-term restricted cash (2) 7.6 — Held for sale cash and cash equivalents — 3.7 Cash and cash equivalents, and restricted cash at end of period per the statement of cash flows $ 431.0 $ 536.4 (1) $15.8 of the $17.0 was transferred from escrow into the Company's bank accounts in April 2019. The remainder is expected to be transferred into the Company's bank accounts during the second quarter of 2019. (2)
Schedule of Cash and Cash Equivalents	The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the Consolidated Balance Sheet that sum to the total of the same such amounts shown in the Consolidated Statement of Cash Flows for the three month period ended March 31, 2019. March 31, 2019 December 31, 2018 Cash and cash equivalents $ 406.4 $ 532.7 Restricted Cash (1) 17.0 — Long-term restricted cash (2) 7.6 — Held for sale cash and cash equivalents — 3.7 Cash and cash equivalents, and restricted cash at end of period per the statement of cash flows $ 431.0 $ 536.4 (1) $15.8 of the $17.0 was transferred from escrow into the Company's bank accounts in April 2019. The remainder is expected to be transferred into the Company's bank accounts during the second quarter of 2019. (2)

RELATED PARTY TRANSACTIONS (Tab

RELATED PARTY TRANSACTIONS (Tables)	3 Months Ended
	Mar. 31, 2019
Related Party Transactions [Abstract]
Schedule of Related Party Transactions	The following tables present the related party transactions with New Avon, affiliates of Cerberus and the Instituto Avon in Brazil. There are no other related party transactions. New Avon is majority-owned and managed by Cerberus. See Note 5, Investment in New Avon for further details. Three Months Ended March 31, 2019 2018 Statement of Operations Data Revenue from sale of product to New Avon (1) $ 4.8 $ 5.9 Gross profit from sale of product to New Avon (1) $ .1 $ .4 Cost of sales for purchases from New Avon (2) $ .6 $ .5 Selling, general and administrative expenses related to New Avon: Transition services, intellectual property, technical support and innovation and subleases (3) $ — $ (3.2 ) Project management team (4) $ 1.4 .5 Net reduction of selling, general and administrative expenses $ 1.4 $ (2.7 ) Interest income from Instituto Avon (5) $ — $ — March 31, 2019 December 31, 2018 Balance Sheet Data Inventories (6) $ .3 $ .3 Receivables due from New Avon (7) $ 4.3 $ 7.0 Receivables due from Instituto Avon (5) $ 3.2 $ 3.2 Payables due to New Avon (8) $ 1.0 $ .2 Payables due to an affiliate of Cerberus (9) $ .6 $ .6 (1) The Company supplies product to New Avon as part of a manufacturing and supply agreement. (2) New Avon supplies product to the Company as part of the same manufacturing and supply agreement noted above. The Company purchased $.8 and $.6 from New Avon associated with this agreement during the three months ended March 31, 2019 and 2018 , respectively, and recorded $.6 and $.5 associated with these purchases within cost of sales in our Consolidated Statement of Operations during the three months ended March 31, 2019 and 2018 , respectively. (3) The Company also entered into a transition services agreement to provide certain services to New Avon, which expired on October 31, 2018, as well as an intellectual property ("IP") license agreement, an agreement for technical support and innovation and sublease for office space. The net amounts recorded within selling, general and administrative expenses generally represent a recovery of the related costs. (4) The Company also entered into agreements with an affiliate of Cerberus, which provide for the secondment of Cerberus affiliate personnel to the Company's project management team responsible for assisting with the execution of the implementation of the Company’s strategic initiatives. The Company recorded $1.4 and $.5 in selling, general and administrative expenses associated with these agreements during the three months ended March 31, 2019 and 2018 , respectively. See Note 15, Restructuring Initiatives for additional information related to the Company's strategic initiatives. (5) During the second quarter of 2018, the Company entered into an agreement to loan the Instituto Avon, an independent non-government charitable organization in Brazil, R$ 12 million (Brazilian real) for an unsecured 5 -year term at a fixed interest rate of 7% per annum, to be paid back in 5 equal annual installments. The Instituto Avon was created by an Avon subsidiary in Brazil, with the board and executive team comprised of Avon Brazil management. The purpose of the loan is to provide the Instituto Avon with the means to donate funds to Fundação Pio XII (a leading cancer prevention and treatment organization in Brazil and owner of the Hospital do Câncer de Barretos), in order to invest in equipment with the objective of expanding breast cancer prevention and treatment. (6) Inventories relate to purchases from New Avon, associated with the manufacturing and supply agreement, which have not yet been sold, and were classified within inventories in our Consolidated Balance Sheets. (7) The receivables due from New Avon relate to the agreements for transition services, the IP license agreement, technical support and innovation and subleases for office space, as well as the manufacturing and supply agreement, and were classified within prepaid expenses and other in our Consolidated Balance Sheets. (8) The payables due to New Avon relate to the manufacturing and supply agreement and were classified within other accrued liabilities in our Consolidated Balance Sheets.

REVENUE (Tables)

REVENUE (Tables)	3 Months Ended
	Mar. 31, 2019
Revenue from Contract with Customer [Abstract]
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, 2019 Reportable segments Europe, Middle East & Africa South Latin America North Latin America Asia Pacific Total reportable segments Other operating segments and business activities Total Beauty: Skincare $ 139.1 $ 126.7 $ 50.3 $ 33.2 $ 349.3 $ — $ 349.3 Fragrance 133.9 98.3 48.0 17.8 298.0 — 298.0 Color 93.9 60.2 21.9 13.2 189.2 — 189.2 Total Beauty 366.9 285.2 120.2 64.2 836.5 — 836.5 Fashion & Home: Fashion 60.5 38.8 22.1 42.9 164.3 — 164.3 Home 8.5 60.2 40.3 6.4 115.4 — 115.4 Total Fashion & Home 69.0 99.0 62.4 49.3 279.7 — 279.7 Net sales 435.9 384.2 182.6 113.5 1,116.2 — 1,116.2 Representative fees 22.5 29.5 10.1 1.8 63.9 — 63.9 Other .3 1.0 — — 1.3 5.5 6.8 Other revenue 22.8 30.5 10.1 1.8 65.2 5.5 70.7 Total revenue $ 458.7 $ 414.7 $ 192.7 $ 115.3 $ 1,181.4 $ 5.5 $ 1,186.9 Three months ended March 31, 2018 Reportable segments Europe, Middle East & Africa South Latin America North Latin America Asia Pacific Total reportable segments Other operating segments and business activities Total Beauty: Skincare $ 169.2 $ 141.8 $ 46.7 $ 31.4 $ 389.1 $ 4.7 $ 393.8 Fragrance 163.2 118.6 53.6 18.6 354.0 2.2 356.2 Color 120.8 80.9 20.9 13.1 235.7 3.3 239.0 Total Beauty 453.2 341.3 121.2 63.1 978.8 10.2 989.0 Fashion & Home: Fashion 79.8 46.5 22.6 39.7 188.6 1.9 190.5 Home 9.3 71.9 41.2 7.0 129.4 .7 130.1 Total Fashion & Home 89.1 118.4 63.8 46.7 318.0 2.6 320.6 Net sales 542.3 459.7 185.0 109.8 1,296.8 12.8 1,309.6 Representative fees 25.9 36.4 10.6 1.6 74.5 1.4 75.9 Other .2 1.0 — — 1.2 6.8 8.0 Other revenue 26.1 37.4 10.6 1.6 75.7 8.2 83.9 Total revenue $ 568.4 $ 497.1 $ 195.6 $ 111.4 $ 1,372.5 $ 21.0 $ 1,393.5
Contract with Customer, Asset and Liability	The following table provides information about receivables and contract liabilities from contracts with customers at March 31, 2019 and December 31, 2018: 2019 2018 31 March 1 January 31 March 1 January Accounts receivable, net of allowances of $79, $93, $128 and $139 $ 340.9 $ 349.7 $ 429.0 $ 457.2 Contract liabilities $ 58.3 83.5 $ 75.5 $ 91.8

INVENTORIES (Tables)

INVENTORIES (Tables)	3 Months Ended
	Mar. 31, 2019
Inventory Disclosure [Abstract]
Schedule of Components of Inventories	Components of Inventories March 31, 2019 December 31, 2018 Raw materials $ 143.4 $ 157.8 Finished goods 388.9 384.2 Total $ 532.3 $ 542.0

LEASES (Tables)

LEASES (Tables)	3 Months Ended
	Mar. 31, 2019
Leases [Abstract]
Assets and Liabilities, Lessee	Classification January 1, 2019 March 31, 2019 Assets Operating right-of-use assets Right-of-use asset $ 187.5 $ 180.3 Finance right-of-use assets Property, Plant and Equipment 3.2 3.2 Total right-of-use assets 190.7 183.5 Liabilities Current Operating lease liabilities Other accrued liabilities $ 45.4 $ 43.9 Finance lease liabilities Other accrued liabilities 1.1 1.2 Total current lease liabilities 46.5 45.1 Noncurrent Operating lease liabilities Long-term operating lease liability $ 155.9 $ 150.4 Finance lease liabilities Long-term debt 1.9 2.0 Total noncurrent lease liabilities $ 157.8 $ 152.4 Total lease liability $ 204.3 $ 197.5
Lease Cost	The table below shows the lease income and expenses recorded in the Consolidated Statement of Operations incurred during the three months ended March 31, 2019. Lease Cost Classification Three months ended March 31, 2019 Operating lease cost (1) Selling, general and administrative expenses $ 16.8 Finance lease cost Amortization of right-of-use assets Selling, general and administrative expenses 0.4 Interest on lease liabilities Interest Expense 0.1 Short-term leases costs Selling, general and administrative expenses 1.1 Sublease income (2) Selling, general and administrative expenses (3.2 ) Net lease cost $ 15.2 (1) Includes variable lease costs which are immaterial. These are presented in selling, general and administrative expenses in our Consolidated Statements of Operations. (2)
Operating Lease Maturity Analysis	The maturity analysis of the finance and operating lease liabilities is reflected below. This table also reflects the reconciliation of the undiscounted cash flows to the discounted finance and operating lease liabilities as recognized in the March 31, 2019 Consolidated Balance Sheet: Maturity of Lease Liabilities Operating Leases Finance Leases Total 2019 $ 44.8 $ 1.1 $ 45.9 2020 49.6 1.2 50.8 2021 40.4 0.8 41.2 2022 34.7 0.6 35.3 2023 24.6 0.1 24.7 2024 17.7 — 17.7 Thereafter 29.3 — 29.3 Total lease payments $ 241.1 $ 3.8 $ 244.9 Less: Interest 46.8 0.6 47.4 Present value of lease liabilities $ 194.3 $ 3.2 $ 197.5
Finance Lease Maturity Analysis	The maturity analysis of the finance and operating lease liabilities is reflected below. This table also reflects the reconciliation of the undiscounted cash flows to the discounted finance and operating lease liabilities as recognized in the March 31, 2019 Consolidated Balance Sheet: Maturity of Lease Liabilities Operating Leases Finance Leases Total 2019 $ 44.8 $ 1.1 $ 45.9 2020 49.6 1.2 50.8 2021 40.4 0.8 41.2 2022 34.7 0.6 35.3 2023 24.6 0.1 24.7 2024 17.7 — 17.7 Thereafter 29.3 — 29.3 Total lease payments $ 241.1 $ 3.8 $ 244.9 Less: Interest 46.8 0.6 47.4 Present value of lease liabilities $ 194.3 $ 3.2 $ 197.5
Operating Lease by Due Dates	At December 31, 2018 our operating and finance lease obligations by due dates were as follows: Maturity of Lease Liabilities Operating Leases Finance Leases Total 2019 $ 56.4 $ 1.1 $ 57.5 2020 42.0 0.6 42.6 2021 35.3 0.4 35.7 2022 31.1 0.2 31.3 2023 22.4 0.1 22.5 Thereafter 46.9 0.1 47.0 Total lease payments (1) $ 234.1 $ 2.5 $ 236.6
Financing Lease by Due Dates	At December 31, 2018 our operating and finance lease obligations by due dates were as follows: Maturity of Lease Liabilities Operating Leases Finance Leases Total 2019 $ 56.4 $ 1.1 $ 57.5 2020 42.0 0.6 42.6 2021 35.3 0.4 35.7 2022 31.1 0.2 31.3 2023 22.4 0.1 22.5 Thereafter 46.9 0.1 47.0 Total lease payments (1) $ 234.1 $ 2.5 $ 236.6 (1) Total lease payments of $236.6 represent undiscounted cash flows and therefore do not reconcile to the total discounted lease liability of $204.3 at January 1, 2019 shown above.
Lease Terms	The Company has calculated the weighted-average remaining lease term, presented in years below, and the weighted-average discount rate for our operating and finance lease population. As noted in our lease accounting policy (See Note 1, Accounting Policies), the Company uses the incremental borrowing rate as the lease discount rate. Lease Term and Discount Rate March 31, 2019 Weighted-average remaining lease term (years) Operating leases 5.3 Finance leases 3.0 Weighted-average discount rate Operating leases 8.3 % Finance leases 11.6 %
Cash Flow Classification	The table below sets out the classification of lease payments in the Consolidated Statement of Cash Flows. The right-of-use assets obtained in exchange for new finance and operating lease liabilities represent the new operating and finance leases entered into during the three months ended March 31, 2019. Other Information Three Months Ended March 31, 2019 - Operating Cash Flows From Operating Leases 16.4 - Financing Cash Flows From Finance Leases 0.3 Cash Paid For Amounts Included In Measurement of Liabilities $ 16.7 Right-of-use Assets Obtained In Exchange For New Finance Liabilities $ 0.7 Right-of-use Assets Obtained In Exchange For New Operating Liabilities $ 12.8

EMPLOYEE BENEFIT PLANS (Tables)

EMPLOYEE BENEFIT PLANS (Tables)	3 Months Ended
	Mar. 31, 2019
Retirement Benefits, Description [Abstract]
Schedule of Components of Net Periodic Benefit Cost	Three Months Ended March 31, Pension Benefits Net Periodic Benefit Costs U.S. Plans Non-U.S. Plans Postretirement Benefits 2019 2018 2019 2018 2019 2018 Service cost $ .5 $ .9 $ 1.0 $ 1.2 $ — $ .1 Interest cost .6 .6 3.9 4.2 .3 .3 Expected return on plan assets (.8 ) (.8 ) (7.9 ) (8.4 ) — — Amortization of prior service credit — — — — — (.1 ) Amortization of net actuarial losses .7 1.3 1.3 1.8 — — Settlements/curtailments — — 0.1 — — — Net periodic benefit costs (1) $ 1.0 $ 2.0 $ (1.6 ) $ (1.2 ) $ .3 $ .3 (1)

ACCUMULATED OTHER COMPREHENSI_2

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)	3 Months Ended
	Mar. 31, 2019
Equity [Abstract]
Schedule of Amounts in Accumulated Other Comprehensive Income (Loss)	The tables below present the changes in AOCI by component and the reclassifications out of AOCI for the three months ended March 31, 2019 and 2018 : Three Months Ended March 31, 2019 Foreign Currency Translation Adjustments Cash Flow Hedges Net Investment Hedges Pension and Postretirement Benefits Investment in New Avon Total Balance at December 31, 2018 $ (936.2 ) $ 0.5 $ (4.3 ) $ (93.8 ) $ 3.4 $ (1,030.4 ) Other comprehensive loss other than reclassifications (3.4 ) (2.4 ) — — — (5.8 ) Reclassifications into earnings: Derivative losses on cash flow hedges, net of tax of $0.0 0.5 0.5 Amortization of net actuarial loss and prior service cost, net of tax of $.2 (1) — — — 1.3 — 1.3 Total reclassifications into earnings — 0.5 — 1.3 — 1.8 Balance at March 31, 2019 $ (939.6 ) $ (1.4 ) $ (4.3 ) $ (92.5 ) $ 3.4 $ (1,034.4 ) Three Months Ended March 31, 2018 Foreign Currency Translation Adjustments Net Investment Hedges Pension and Postretirement Benefits Investment in New Avon Total Balance at December 31, 2017 $ (829.6 ) $ (4.3 ) $ (95.7 ) $ 3.4 $ (926.2 ) Other comprehensive income other than reclassifications 32.3 — — — 32.3 Reclassifications into earnings: Amortization of net actuarial loss and prior service cost, net of tax of $.2 (1) — — 2.9 — 2.9 Total reclassifications into earnings — — 2.9 — 2.9 Balance at March 31, 2018 $ (797.3 ) $ (4.3 ) $ (92.8 ) $ 3.4 $ (891.0 ) (1) Gross amount reclassified to other expense, net in our Consolidated Statements of Operations, and related taxes reclassified to income taxes in our Consolidated Statements of Operations.

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	3 Months Ended
	Mar. 31, 2019
Segment Reporting [Abstract]
Summarized Financial Information of Reportable Segments	Summarized financial information concerning our reportable segments was as follows: Three Months Ended March 31, Total Revenue 2019 2018 Europe, Middle East & Africa $ 458.7 $ 568.4 South Latin America 414.7 497.1 North Latin America 192.7 195.6 Asia Pacific 115.3 111.4 Total revenue from reportable segments 1,181.4 1,372.5 Other operating segments and business activities 5.5 21.0 Total revenue $ 1,186.9 $ 1,393.5 Three Months Ended March 31, Operating Profit 2019 2018 Segment Profit Europe, Middle East & Africa $ 59.2 $ 74.4 South Latin America 23.8 27.2 North Latin America 16.5 20.8 Asia Pacific 16.7 10.4 Total profit from reportable segments $ 116.2 $ 132.8 Other operating segments and business activities .6 2.2 Unallocated global expenses (63.1 ) (79.2 ) CTI restructuring initiatives (53.5 ) (10.9 ) Other items (4.1 ) — Operating (loss) profit $ (3.9 ) $ 44.9

SUPPLEMENTAL BALANCE SHEET IN_2

SUPPLEMENTAL BALANCE SHEET INFORMATION (Tables)	3 Months Ended
	Mar. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Components of Prepaid Expenses and Other	At March 31, 2019 and December 31, 2018 , prepaid expenses and other included the following: Components of Prepaid Expenses and Other March 31, 2019 December 31, 2018 Prepaid taxes and tax refunds receivable $ 126.6 $ 145.0 Receivables other than trade 56.2 69.2 Prepaid brochure costs, paper and other literature 14.4 14.9 Other 58.0 42.9 Prepaid expenses and other $ 255.2 $ 272.0
Schedule of Components of Other Assets	At March 31, 2019 and December 31, 2018 , other assets included the following: Components of Other Assets March 31, 2019 December 31, 2018 Net overfunded pension plans $ 95.8 $ 88.1 Capitalized software 88.8 89.3 Judicial deposits 72.2 74.1 Long-term receivables 79.4 73.2 Trust assets associated with supplemental benefit plans 37.4 37.0 Tooling (plates and molds associated with our beauty products) 12.0 12.6 Other 28.1 16.1 Other assets $ 413.7 $ 390.4

RESTRUCTURING INITIATIVES (Tabl

RESTRUCTURING INITIATIVES (Tables)	3 Months Ended
	Mar. 31, 2019
Restructuring and Related Activities [Abstract]
Summary of Restructuring and Related Costs	The following table presents the restructuring charges incurred to date, under Open Up Avon and the Transformation Plan, 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 Open Up Avon Charges incurred to-date $ 62.7 $ 92.6 $ 5.3 $ (10.3 ) $ 150.3 Estimated charges to be incurred on approved initiatives 1.0 — — — 1.0 Total expected charges on approved initiatives $ 63.7 $ 92.6 $ 5.3 $ (10.3 ) $ 151.3 Transformation Plan Charges incurred to-date $ 126.9 $ 2.3 $ 40.9 $ 3.4 $ 173.5 Estimated charges to be incurred on approved initiatives — — — — — Total expected charges on approved initiatives $ 126.9 $ 2.3 $ 40.9 $ 3.4 $ 173.5 March 31, 2019 and 2018 consisted of the following: Three Months Ended March 31, 2019 2018 CTI recorded in operating profit - COGS Manufacturing asset write-offs $ 3.8 $ — Inventory write-off 0.5 0.6 4.3 0.6 CTI recorded in operating profit - SG&A Net charges for employee-related costs, including severance benefits 35.3 8.3 Implementation costs, primarily related to professional service fees 8.7 1.1 Dual running costs 1.8 — Contract termination and other net benefits 3.3 0.2 Accelerated depreciation 0.1 0.7 49.2 10.3 CTI recorded in operating profit 53.5 10.9 CTI recorded in other expenses Gain on sale of China business (relating mainly to foreign currency translation adjustment gain) (10.3 ) — Total CTI $ 43.2 $ 10.9 Open Up Avon $ 45.1 $ — Transformation Plan $ (2.0 ) $ 10.9 Other $ 0.1 $ —
Schedule of Restructuring Reserve	The liability balance included in other accrued liabilities in our Consolidated Statements of Operations for the restructuring actions associated with Open Up Avon at March 31, 2019 is as follows: Employee-Related Costs Inventory/Assets Write-offs Foreign Currency Translation Adjustment Write-offs Contract Terminations/Other Total Balance at December 31, 2018 $ 19.6 $ — $ — $ 1.1 $ 20.7 2019 charges $ 37.6 $ 4.3 $ (10.3 ) $ 3.0 34.6 Adjustments (1.3 ) — — — (1.3 ) Cash payments (9.6 ) — — (0.7 ) (10.3 ) Non-cash write-offs — (4.3 ) 10.3 — 6.0 Foreign exchange (.8 ) — — — (.8 ) Balance at March 31, 2019 $ 45.5 $ — $ — $ 3.4 $ 48.9 March 31, 2019 is as follows: Employee-Related Costs Contract Terminations/Other Total Balance at December 31, 2018 $ 34.4 $ 3.6 $ 38.0 2019 charges — — — Adjustments (1.1 ) .2 (.9 ) Cash payments (10.8 ) (2.5 ) (13.3 ) Non-cash write-offs — — — Foreign exchange .1 — .1 Balance at March 31, 2019 $ 22.6 $ 1.3 $ 23.9
Schedule of Restructuring Charges Reportable by Business Segment	The charges, net of adjustments, of initiatives under the Open Up Avon and the Transformation Plan, along with the estimated charges expected to be incurred on approved initiatives under the plans, by reportable segment are as follows: Europe, Middle East & Africa South Latin America North Latin America Asia Pacific Global & Other Operating Segments Total Open Up Avon 2018 $ 32.2 $ 36.4 $ 27.9 $ 14.4 $ 6.2 $ 117.1 First quarter 2019 13.5 12.7 2.9 (3.2 ) 7.3 33.2 Charges incurred to-date 45.7 49.1 30.8 11.2 13.5 150.3 Estimated charges to be incurred on approved initiatives .1 — .4 — .5 1.0 Total expected charges on approved initiatives $ 45.8 $ 49.1 $ 31.2 $ 11.2 $ 14.0 $ 151.3 Transformation Plan 2015 $ — $ — $ — $ — $ 21.4 $ 21.4 2016 30.9 13.2 4.4 9.1 16.8 74.4 2017 .9 5.6 (.6 ) (.5 ) 49.4 54.8 2018 5.0 4.1 .6 .6 13.4 23.7 First quarter 2019 (1.1 ) — — — .3 (.8 ) Charges incurred to-date 35.7 22.9 4.4 9.2 101.3 173.5 Estimated charges to be incurred on approved initiatives — — — — — — Total expected charges on approved initiatives $ 35.7 $ 22.9 $ 4.4 $ 9.2 $ 101.3 $ 173.5

GOODWILL (Tables)

GOODWILL (Tables)	3 Months Ended
	Mar. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	Europe, Middle East & Africa South Latin America Asia Pacific Total Net balance at December 31, 2018 $ 18.0 $ 66.8 $ 2.6 $ 87.4 Changes during the period ended March 31, 2019: Foreign exchange (.3 ) 1.5 — 1.2 Net balance at March 31, 2019 $ 17.7 $ 68.3 $ 2.6 $ 88.6

FAIR VALUE (Tables)

FAIR VALUE (Tables)	3 Months Ended
	Mar. 31, 2019
Fair Value Disclosures [Abstract]
Fair Value of Assets and Liabilities Measured on a Recurring Basis	The following table presents the fair value hierarchy for those assets and liabilities measured at fair value on a recurring basis as of March 31, 2019: Level 1 Level 2 Total Assets: Available-for-sale securities $ 3.9 $ — $ 3.9 Foreign exchange forward contracts $ — $ 17.1 $ 17.1 Total $ 3.9 $ 17.1 $ 21.0 Liabilities: $ — Foreign exchange forward contracts $ — $ 1.9 $ 1.9 Total $ — $ 1.9 $ 1.9
Summary of Carrying Value and Fair Value of Financial Instruments	The net asset (liability) amounts recorded in the balance sheet (carrying amount) and the estimated fair values of our remaining financial instruments at March 31, 2019 and December 31, 2018 , respectively, consisted of the following: March 31, 2019 December 31, 2018 Carrying Amount Fair Value Carrying Amount Fair Value Available-for-sale securities $ 3.9 $ 3.9 $ 3.8 $ 3.8 Debt maturing within one year (1) (425.4 ) (433.4 ) (12.0 ) (12.0 ) Long-term debt (1) (1,196.4 ) (1,207.1 ) (1,581.6 ) (1,460.2 ) Foreign exchange forward contracts 15.2 15.2 (5.1 ) (5.1 ) (1)

DERIVATIVE INSTRUMENTS AND HE_2

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)	3 Months Ended
	Mar. 31, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Fair Value of Derivative Instruments	The following table presents the fair value of derivative instruments at March 31, 2019: Asset Liability Balance Sheet Classification Fair Value Balance Sheet Classification Fair Value Derivatives designated as hedges: Foreign exchange forward contracts Prepaid expenses and other $ — Accounts payable $ 1.6 Derivatives not designated as hedges: Foreign exchange forward contracts Prepaid expenses and other $ 17.1 Accounts payable $ .3 Total derivatives $ 17.1 $ 1.9

LOSS PER SHARE AND SHARE REPU_3

LOSS PER SHARE AND SHARE REPURCHASES (Components of Basic and Diluted Earnings per Share) (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Numerator from continuing operations:
Loss from continuing operations, less amounts attributable to noncontrolling interests	$ (23.2)	$ (20.3)
Less: Loss allocated to participating securities	(0.2)	(0.2)
Less: Cumulative dividends on preferred stock	6.3	5.9
Loss from continuing operations allocated to common shareholders	(29.3)	(26)
Numerator from discontinued operations:
Loss from discontinued operations	(9.5)	0
Less: Loss allocated to participating securities	(0.1)	0
Loss allocated to common shareholders	(9.4)	0
Numerator attributable to Avon:
Net loss attributable to Avon	(32.7)	(20.3)
Less: Loss allocated to participating securities	(0.3)	(0.2)
Less: Cumulative dividends on preferred stock	6.3	5.9
Loss allocated to common shareholders	$ (38.7)	$ (26)
Denominator:
Basic EPS weighted-average shares outstanding (in shares)	442.2	440.9
Diluted effect of assumed conversion of stock options (in shares)	0	0
Diluted effect of assumed conversion of preferred stock (in shares)	0	0
Diluted EPS adjusted weighted-average shares outstanding (in shares)	442.2	440.9
Loss per Common Share from continuing operations:
Basic (in dollars per share)	$ (0.07)	$ (0.06)
Diluted (in dollars per share)	(0.07)	(0.06)
Loss per Common Share from discontinued operations:
Basic (in dollars per share)	(0.02)	0
Diluted (in dollars per share)	(0.02)	0
Loss per Common Share attributable to Avon:
Basic (in dollars per share)	(0.09)	(0.06)
Diluted (in dollars per share)	$ (0.09)	$ (0.06)

LOSS PER SHARE AND SHARE REPU_4

LOSS PER SHARE AND SHARE REPURCHASES (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Earnings Per Share [Abstract]
Stock options excluded from computation of earnings per share (in shares)	17,200,000	15,300,000
Converted Series C Convertible Preferred Stock (in shares)	87,100,000	87,100,000
Stock repurchased during the period (in shares)	0	900,000
Stock repurchased during the period		$ 2.7

DISCONTINUED OPERATIONS, ASSE_3

DISCONTINUED OPERATIONS, ASSETS AND LIABILITIES HELD FOR SALE AND DIVESTITURES - Additional Information (Details) - USD ($) $ in Millions	Feb. 15, 2019	Dec. 17, 2015	Apr. 30, 2019	Feb. 28, 2019	Mar. 31, 2019	Mar. 31, 2018
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Disposal group, asset adjustments				$ 0.2
Loans assumed	$ 23.5
Restricted cash					$ 24.6
Net proceeds from sale of business					46.4	$ 0
Gain on sale					10.3	$ 0
Gain on sale, net of tax					8.2
North America Segment | Discontinued Operations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from issuance of convertible preferred stock		$ 435
Avon Manufacturing (Guangzhou), Ltd.
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Restricted cash	24.6				$ 24.6
Net proceeds from sale of business	46.4
Avon Manufacturing (Guangzhou), Ltd. | TheFaceShop Co., LTd.
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Sale purchase price	71
Acquisition expenses	$ 1.1
Subsequent Event
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Restricted cash transferred from escrow			$ 15.8
Subsequent Event | Avon Manufacturing (Guangzhou), Ltd.
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Restricted cash transferred from escrow			$ 15.8

DISCONTINUED OPERATIONS, ASSE_4

DISCONTINUED OPERATIONS, ASSETS AND LIABILITIES HELD FOR SALE AND DIVESTITURES - Major Classes of Financial Statement Components Comprising the Loss on Discontinued Operations, Net of Tax in North America (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Dec. 31, 2018
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Cash and cash equivalents	$ 0	$ 3.7
Discontinued Operations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Liabilities	9.5	0
Held for Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Inventories		8.7
Property, Plant & Equipment (net)	15.6	52
Cash and cash equivalents		3.7
Other assets	0.1	1.2
Assets	15.7	65.6
Accounts payable		8.6
Other liabilities	0.1	2.8
Liabilities	0.1	11.4
North America Segment | Discontinued Operations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Selling, general and administrative expenses	9.5
Operating loss	(9.5)
Loss from discontinued operations, net of tax	(9.5)
Avon Manufacturing Guangzhou | Held for Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Inventories		8.7
Property, Plant & Equipment (net)		36.7
Cash and cash equivalents		3.7
Other assets		1.1
Assets		50.2
Accounts payable		8.6
Other liabilities		2.6
Liabilities		11.2
Rye Office | Held for Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Inventories		0
Property, Plant & Equipment (net)	12.5	12.3
Cash and cash equivalents		0
Other assets	0	0
Assets	12.5	12.3
Accounts payable		0
Other liabilities	0	0
Liabilities	0	0
Malaysia Maximin | Held for Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Inventories		0
Property, Plant & Equipment (net)	3.1	3
Cash and cash equivalents		0
Other assets	0.1	0.1
Assets	3.2	3.1
Accounts payable		0
Other liabilities	0.1	0.2
Liabilities	$ 0.1	$ 0.2

RESTRICTED CASH (Details)

RESTRICTED CASH (Details) - USD ($) $ in Millions	1 Months Ended
	Apr. 30, 2019	Mar. 31, 2019		Dec. 31, 2018		Mar. 31, 2018	[2]	Dec. 31, 2017	[1]
Cash and Cash Equivalents [Line Items]
Restricted cash		$ 24.6
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents
Cash and cash equivalents		406.4		$ 532.7
Restricted cash		17		0
Long-term restricted cash		7.6		0
Held for sale cash and cash equivalents		0		3.7
Cash and cash equivalents, and restricted cash at end of period per the statement of cash flows		$ 431	[1],[2]	$ 536.4	[1]	$ 772.5		$ 881.5
Subsequent Event
Cash and Cash Equivalents [Line Items]
Restricted cash transferred from escrow	$ 15.8
[1]	Includes cash and cash equivalents of $3.7
[2]	Includes restricted cash related to the sale of Avon Manufacturing (Guangzhou), Ltd. at March 31, 2019

INVESTMENT IN NEW AVON (Details

INVESTMENT IN NEW AVON (Details) - USD ($)	Mar. 31, 2019	Dec. 31, 2018
Schedule of Equity Method Investments [Line Items]
Investment balance	$ 0	$ 0
New Avon
Schedule of Equity Method Investments [Line Items]
Percentage of ownership	19.90%

RELATED PARTY TRANSACTIONS (Sum

RELATED PARTY TRANSACTIONS (Summary of Related Parties) (Details) R$ in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2019USD ($)	Jun. 30, 2018BRL (R$)installment	Mar. 31, 2018USD ($)	Dec. 31, 2018USD ($)
Related Party Transaction [Line Items]
Inventories	$ 0.3			$ 0.3
Equity Method Investee
Related Party Transaction [Line Items]
Project management team	1.4		$ (2.7)
Equity Method Investee | Manufacturing and Supply Agreement
Related Party Transaction [Line Items]
Revenue from sale of product to New Avon	4.8		5.9
Gross profit from sale of product to New Avon	0.1		0.4
Cost of sales for purchases from New Avon	0.6		0.5
Purchases from related party	0.8		0.6
Equity Method Investee | Transition Services Agreement
Related Party Transaction [Line Items]
Project management team	0		(3.2)
Equity Method Investee | Project Management Agreement
Related Party Transaction [Line Items]
Project management team	1.4		0.5
New Avon
Related Party Transaction [Line Items]
Receivables due from related party	4.3			7
Payables to related parties	1			0.2
Affiliate of Cerberus
Related Party Transaction [Line Items]
Payables to related parties	0.6			0.6
Transformation Plan
Related Party Transaction [Line Items]
Project management team			0.5
Instituto Avon | Affiliated Entity
Related Party Transaction [Line Items]
Interest income from Instituto Avon	0		$ 0
Receivables due from related party	$ 3.2			$ 3.2
Instituto Avon | Affiliated Entity | Loan to Related Party
Related Party Transaction [Line Items]
Loan amount | R$		R$ 12
Loan term		5 years
Loan interest rate		7.00%
Loan annual installments | installment		5

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details) - USD ($)	Mar. 01, 2016	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Related Party Transaction [Line Items]
Dividend rate	1.25%
Dividends		$ 0	$ 0
Series C convertible preferred stock		498,300,000		$ 492,100,000
Equity Method Investee
Related Party Transaction [Line Items]
Standby letters of credit, recorded liability		800,000
Series C Preferred Stock
Related Party Transaction [Line Items]
Shares issued (in shares)	435,000
Shares issued	$ 435,000,000
Dividends payable		$ 72,000,000
Private Placement
Related Party Transaction [Line Items]
Preferred stock, discount on shares	$ 8,700,000

REVENUE Disaggregation of Reven

REVENUE Disaggregation of Revenues (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Disaggregation of Revenue [Line Items]
Revenue	$ 1,186.9	$ 1,393.5
Beauty
Disaggregation of Revenue [Line Items]
Revenue	836.5	989
Beauty - Skincare
Disaggregation of Revenue [Line Items]
Revenue	349.3	393.8
Beauty - Fragrance
Disaggregation of Revenue [Line Items]
Revenue	298	356.2
Beauty - Color
Disaggregation of Revenue [Line Items]
Revenue	189.2	239
Fashion And Home
Disaggregation of Revenue [Line Items]
Revenue	279.7	320.6
Fashion & Home - Fashion
Disaggregation of Revenue [Line Items]
Revenue	164.3	190.5
Fashion & Home - Home
Disaggregation of Revenue [Line Items]
Revenue	115.4	130.1
Net Sales
Disaggregation of Revenue [Line Items]
Revenue	1,116.2	1,309.6
Other - Representative Fees
Disaggregation of Revenue [Line Items]
Revenue	63.9	75.9
Other - Other Product And Services
Disaggregation of Revenue [Line Items]
Revenue	6.8	8
Other Revenue
Disaggregation of Revenue [Line Items]
Revenue	70.7	83.9
Operating Segments
Disaggregation of Revenue [Line Items]
Revenue	1,181.4	1,372.5
Operating Segments | Beauty
Disaggregation of Revenue [Line Items]
Revenue	836.5	978.8
Operating Segments | Beauty - Skincare
Disaggregation of Revenue [Line Items]
Revenue	349.3	389.1
Operating Segments | Beauty - Fragrance
Disaggregation of Revenue [Line Items]
Revenue	298	354
Operating Segments | Beauty - Color
Disaggregation of Revenue [Line Items]
Revenue	189.2	235.7
Operating Segments | Fashion And Home
Disaggregation of Revenue [Line Items]
Revenue	279.7	318
Operating Segments | Fashion & Home - Fashion
Disaggregation of Revenue [Line Items]
Revenue	164.3	188.6
Operating Segments | Fashion & Home - Home
Disaggregation of Revenue [Line Items]
Revenue	115.4	129.4
Operating Segments | Net Sales
Disaggregation of Revenue [Line Items]
Revenue	1,116.2	1,296.8
Operating Segments | Other - Representative Fees
Disaggregation of Revenue [Line Items]
Revenue	63.9	74.5
Operating Segments | Other - Other Product And Services
Disaggregation of Revenue [Line Items]
Revenue	1.3	1.2
Operating Segments | Other Revenue
Disaggregation of Revenue [Line Items]
Revenue	65.2	75.7
Other Operating Segments and Business Activities
Disaggregation of Revenue [Line Items]
Revenue	5.5	21
Other Operating Segments and Business Activities | Beauty
Disaggregation of Revenue [Line Items]
Revenue	0	10.2
Other Operating Segments and Business Activities | Beauty - Skincare
Disaggregation of Revenue [Line Items]
Revenue	0	4.7
Other Operating Segments and Business Activities | Beauty - Fragrance
Disaggregation of Revenue [Line Items]
Revenue	0	2.2
Other Operating Segments and Business Activities | Beauty - Color
Disaggregation of Revenue [Line Items]
Revenue	0	3.3
Other Operating Segments and Business Activities | Fashion And Home
Disaggregation of Revenue [Line Items]
Revenue	0	2.6
Other Operating Segments and Business Activities | Fashion & Home - Fashion
Disaggregation of Revenue [Line Items]
Revenue	0	1.9
Other Operating Segments and Business Activities | Fashion & Home - Home
Disaggregation of Revenue [Line Items]
Revenue	0	0.7
Other Operating Segments and Business Activities | Net Sales
Disaggregation of Revenue [Line Items]
Revenue	0	12.8
Other Operating Segments and Business Activities | Other - Representative Fees
Disaggregation of Revenue [Line Items]
Revenue	0	1.4
Other Operating Segments and Business Activities | Other - Other Product And Services
Disaggregation of Revenue [Line Items]
Revenue	5.5	6.8
Other Operating Segments and Business Activities | Other Revenue
Disaggregation of Revenue [Line Items]
Revenue	5.5	8.2
Europe, Middle East & Africa | Operating Segments
Disaggregation of Revenue [Line Items]
Revenue	458.7	568.4
Europe, Middle East & Africa | Operating Segments | Beauty
Disaggregation of Revenue [Line Items]
Revenue	366.9	453.2
Europe, Middle East & Africa | Operating Segments | Beauty - Skincare
Disaggregation of Revenue [Line Items]
Revenue	139.1	169.2
Europe, Middle East & Africa | Operating Segments | Beauty - Fragrance
Disaggregation of Revenue [Line Items]
Revenue	133.9	163.2
Europe, Middle East & Africa | Operating Segments | Beauty - Color
Disaggregation of Revenue [Line Items]
Revenue	93.9	120.8
Europe, Middle East & Africa | Operating Segments | Fashion And Home
Disaggregation of Revenue [Line Items]
Revenue	69	89.1
Europe, Middle East & Africa | Operating Segments | Fashion & Home - Fashion
Disaggregation of Revenue [Line Items]
Revenue	60.5	79.8
Europe, Middle East & Africa | Operating Segments | Fashion & Home - Home
Disaggregation of Revenue [Line Items]
Revenue	8.5	9.3
Europe, Middle East & Africa | Operating Segments | Net Sales
Disaggregation of Revenue [Line Items]
Revenue	435.9	542.3
Europe, Middle East & Africa | Operating Segments | Other - Representative Fees
Disaggregation of Revenue [Line Items]
Revenue	22.5	25.9
Europe, Middle East & Africa | Operating Segments | Other - Other Product And Services
Disaggregation of Revenue [Line Items]
Revenue	0.3	0.2
Europe, Middle East & Africa | Operating Segments | Other Revenue
Disaggregation of Revenue [Line Items]
Revenue	22.8	26.1
South Latin America | Operating Segments
Disaggregation of Revenue [Line Items]
Revenue	414.7	497.1
South Latin America | Operating Segments | Beauty
Disaggregation of Revenue [Line Items]
Revenue	285.2	341.3
South Latin America | Operating Segments | Beauty - Skincare
Disaggregation of Revenue [Line Items]
Revenue	126.7	141.8
South Latin America | Operating Segments | Beauty - Fragrance
Disaggregation of Revenue [Line Items]
Revenue	98.3	118.6
South Latin America | Operating Segments | Beauty - Color
Disaggregation of Revenue [Line Items]
Revenue	60.2	80.9
South Latin America | Operating Segments | Fashion And Home
Disaggregation of Revenue [Line Items]
Revenue	99	118.4
South Latin America | Operating Segments | Fashion & Home - Fashion
Disaggregation of Revenue [Line Items]
Revenue	38.8	46.5
South Latin America | Operating Segments | Fashion & Home - Home
Disaggregation of Revenue [Line Items]
Revenue	60.2	71.9
South Latin America | Operating Segments | Net Sales
Disaggregation of Revenue [Line Items]
Revenue	384.2	459.7
South Latin America | Operating Segments | Other - Representative Fees
Disaggregation of Revenue [Line Items]
Revenue	29.5	36.4
South Latin America | Operating Segments | Other - Other Product And Services
Disaggregation of Revenue [Line Items]
Revenue	1	1
South Latin America | Operating Segments | Other Revenue
Disaggregation of Revenue [Line Items]
Revenue	30.5	37.4
North Latin America | Operating Segments
Disaggregation of Revenue [Line Items]
Revenue	192.7	195.6
North Latin America | Operating Segments | Beauty
Disaggregation of Revenue [Line Items]
Revenue	120.2	121.2
North Latin America | Operating Segments | Beauty - Skincare
Disaggregation of Revenue [Line Items]
Revenue	50.3	46.7
North Latin America | Operating Segments | Beauty - Fragrance
Disaggregation of Revenue [Line Items]
Revenue	48	53.6
North Latin America | Operating Segments | Beauty - Color
Disaggregation of Revenue [Line Items]
Revenue	21.9	20.9
North Latin America | Operating Segments | Fashion And Home
Disaggregation of Revenue [Line Items]
Revenue	62.4	63.8
North Latin America | Operating Segments | Fashion & Home - Fashion
Disaggregation of Revenue [Line Items]
Revenue	22.1	22.6
North Latin America | Operating Segments | Fashion & Home - Home
Disaggregation of Revenue [Line Items]
Revenue	40.3	41.2
North Latin America | Operating Segments | Net Sales
Disaggregation of Revenue [Line Items]
Revenue	182.6	185
North Latin America | Operating Segments | Other - Representative Fees
Disaggregation of Revenue [Line Items]
Revenue	10.1	10.6
North Latin America | Operating Segments | Other - Other Product And Services
Disaggregation of Revenue [Line Items]
Revenue	0	0
North Latin America | Operating Segments | Other Revenue
Disaggregation of Revenue [Line Items]
Revenue	10.1	10.6
Asia Pacific | Operating Segments
Disaggregation of Revenue [Line Items]
Revenue	115.3	111.4
Asia Pacific | Operating Segments | Beauty
Disaggregation of Revenue [Line Items]
Revenue	64.2	63.1
Asia Pacific | Operating Segments | Beauty - Skincare
Disaggregation of Revenue [Line Items]
Revenue	33.2	31.4
Asia Pacific | Operating Segments | Beauty - Fragrance
Disaggregation of Revenue [Line Items]
Revenue	17.8	18.6
Asia Pacific | Operating Segments | Beauty - Color
Disaggregation of Revenue [Line Items]
Revenue	13.2	13.1
Asia Pacific | Operating Segments | Fashion And Home
Disaggregation of Revenue [Line Items]
Revenue	49.3	46.7
Asia Pacific | Operating Segments | Fashion & Home - Fashion
Disaggregation of Revenue [Line Items]
Revenue	42.9	39.7
Asia Pacific | Operating Segments | Fashion & Home - Home
Disaggregation of Revenue [Line Items]
Revenue	6.4	7
Asia Pacific | Operating Segments | Net Sales
Disaggregation of Revenue [Line Items]
Revenue	113.5	109.8
Asia Pacific | Operating Segments | Other - Representative Fees
Disaggregation of Revenue [Line Items]
Revenue	1.8	1.6
Asia Pacific | Operating Segments | Other - Other Product And Services
Disaggregation of Revenue [Line Items]
Revenue	0	0
Asia Pacific | Operating Segments | Other Revenue
Disaggregation of Revenue [Line Items]
Revenue	$ 1.8	$ 1.6

REVENUE Assets and Liabilities

REVENUE Assets and Liabilities (Details) - USD ($) $ in Millions	Mar. 31, 2019	Jan. 01, 2019	Dec. 31, 2018	Mar. 31, 2018	Jan. 01, 2018
Revenue from Contract with Customer [Abstract]
Accounts receivable, net of allowances of $79 and $128	$ 340.9	$ 349.7	$ 349.7	$ 429	$ 457.2
Receivables allowance	79	93		128	139
Contract liabilities	$ 58.3	$ 83.5		$ 75.5	$ 91.8

REVENUE Narrative (Details)

REVENUE Narrative (Details) - USD ($) $ in Millions	Jan. 01, 2019	Mar. 31, 2019	Mar. 31, 2018	Jan. 01, 2018
Revenue from Contract with Customer [Abstract]
Contract liabilities	$ 83.5	$ 58.3	$ 75.5	$ 91.8
Performance obligations satisfied		$ 52.1	66
Material rights	$ 26.1		$ 47.9

INVENTORIES (Components of Inve

INVENTORIES (Components of Inventories) (Details) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Inventory Disclosure [Abstract]
Raw materials	$ 143.4	$ 157.8
Finished goods	388.9	384.2
Inventories	$ 532.3	$ 542

LEASES - Balance Sheet Implicat

LEASES - Balance Sheet Implication (Details) - USD ($) $ in Millions	Mar. 31, 2019	Jan. 01, 2019
Leases [Abstract]
Operating right-of-use assets	$ 180.3	$ 187.5
Finance right-of-use assets	3.2	3.2
Total right-of-use assets	183.5	190.7
Operating lease liabilities	43.9	45.4
Finance lease liabilities	1.2	1.1
Total current lease liabilities	45.1	46.5
Operating lease liabilities	150.4	155.9
Finance lease liabilities	2	1.9
Total noncurrent lease liabilities	152.4	157.8
Total lease liability	$ 197.5	$ 204.3

LEASES - Income and Expenses (D

LEASES - Income and Expenses (Details) $ in Millions	3 Months Ended
	Mar. 31, 2019USD ($)
Leases [Abstract]
Operating lease cost	$ 16.8
Amortization of right-of-use assets	0.4
Interest on lease liabilities	0.1
Short-term leases costs	1.1
Sublease income	(3.2)
Net lease cost	$ 15.2

LEASES - Maturity of Lease Liab

LEASES - Maturity of Lease Liability (Details) - USD ($) $ in Millions	Mar. 31, 2019	Jan. 01, 2019
Operating Leases
2019	$ 44.8
2020	49.6
2021	40.4
2022	34.7
2023	24.6
2024	17.7
Thereafter	29.3
Total lease payments	241.1
Less: Interest	46.8
Present value of lease liabilities	194.3
Finance Leases
2022	0.6
2019	1.1
2020	1.2
2021	0.8
2023	0.1
2024	0
Thereafter	0
Total lease payments	3.8
Less: Interest	0.6
Present value of lease liabilities	3.2
Total
2019	45.9
2020	50.8
2021	41.2
2022	35.3
2023	24.7
2024	17.7
Thereafter	29.3
Total lease payments	244.9
Less: Interest	47.4
Present value of lease liabilities	$ 197.5	$ 204.3

LEASES - Lease by Due Date (Det

LEASES - Lease by Due Date (Details) - USD ($) $ in Millions	Mar. 31, 2019	Jan. 01, 2019	Dec. 31, 2018
Operating Leases, Future Minimum Payments Due, Fiscal Year Maturity [Abstract]
2019			$ 56.4
2020			42
2021			35.3
2022			31.1
2023			22.4
Thereafter			46.9
Total lease payments			234.1
Finance Leases
2019			1.1
2020			0.6
2023			0.4
2024			0.2
2025			0.1
Thereafter			0.1
Total lease payments			2.5
Total
2019			57.5
2020			42.6
2021			35.7
2022			31.3
2023			22.5
Thereafter			47
Total lease payments			$ 236.6
Total lease liability	$ 197.5	$ 204.3

LEASES - Lease Term and Discoun

LEASES - Lease Term and Discount Rate (Details)	Mar. 31, 2019
Leases [Abstract]
Weighted-average remaining lease term, operating leases	5 years 3 months 18 days
Weighted-average remaining lease term, finance leases	3 years
Weighted-average discount rate, operating leases	8.30%
Weighted-average discount rate, financing leases	11.60%

LEASES - Other Information (Det

LEASES - Other Information (Details) $ in Millions	3 Months Ended
	Mar. 31, 2019USD ($)
Leases [Abstract]
Operating Cash Flows From Operating Leases	$ 16.4
Financing Cash Flows From Finance Leases	0.3
Cash Paid For Amounts Included In Measurement of Liabilities	16.7
Right-of-use Assets Obtained In Exchange For New Finance Liabilities	0.7
Right-of-use Assets Obtained In Exchange For New Operating Liabilities	$ 12.8

EMPLOYEE BENEFIT PLANS (Compone

EMPLOYEE BENEFIT PLANS (Components of Net Periodic Benefit Cost) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Postretirement Benefits
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 0	$ 0.1
Interest cost	0.3	0.3
Expected return on plan assets	0	0
Amortization of prior service credit	0	(0.1)
Amortization of net actuarial losses	0	0
Settlements/curtailments	0	0
Net periodic benefit costs	0.3	0.3
United States | Pension Plan
Defined Benefit Plan Disclosure [Line Items]
Service cost	0.5	0.9
Interest cost	0.6	0.6
Expected return on plan assets	(0.8)	(0.8)
Amortization of prior service credit	0	0
Amortization of net actuarial losses	0.7	1.3
Settlements/curtailments	0	0
Net periodic benefit costs	1	2
Foreign Plan | Pension Plan
Defined Benefit Plan Disclosure [Line Items]
Service cost	1	1.2
Interest cost	3.9	4.2
Expected return on plan assets	(7.9)	(8.4)
Amortization of prior service credit	0	0
Amortization of net actuarial losses	1.3	1.8
Settlements/curtailments	0.1	0
Net periodic benefit costs	$ (1.6)	$ (1.2)

EMPLOYEE BENEFIT PLANS (Narrati

EMPLOYEE BENEFIT PLANS (Narrative) (Details) $ in Millions	3 Months Ended
	Mar. 31, 2019USD ($)
United States
Defined Benefit Plan Disclosure [Line Items]
Employer contribution, approximately	$ 1
United States | Minimum
Defined Benefit Plan Disclosure [Line Items]
Estimated contributions for the remainder of fiscal year	5
United States | Maximum
Defined Benefit Plan Disclosure [Line Items]
Estimated contributions for the remainder of fiscal year	10
Foreign Plan | Minimum
Defined Benefit Plan Disclosure [Line Items]
Estimated contributions for the remainder of fiscal year	0
Foreign Plan | Maximum
Defined Benefit Plan Disclosure [Line Items]
Estimated contributions for the remainder of fiscal year	$ 5

CONTINGENCIES (Details)

CONTINGENCIES (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Sep. 30, 2018	Mar. 31, 2018	Jun. 30, 2018	Apr. 18, 2018	Oct. 03, 2017	Jul. 31, 2013
Loss Contingencies [Line Items]
Revenue	$ 1,186.9		$ 1,393.5
Other expense, net	22.6		$ (2.5)
Assessment for 2012
Loss Contingencies [Line Items]
Assessment of contingencies, including penalties and accruing interest					$ 238		$ 300
Assessment of contingencies, including penalties and accruing interest, adjustment					$ (62)
Assessment for 2017
Loss Contingencies [Line Items]
Assessment of contingencies, including penalties and accruing interest						$ 232
IPI Tax on Cosmetics
Loss Contingencies [Line Items]
Estimated litigation liability				$ 195
Revenue		$ 168
Other expense, net		$ 27
Possible loss	227
Tax reserve	73
Brazil labor-related
Loss Contingencies [Line Items]
Estimated litigation liability	$ 12

ACCUMULATED OTHER COMPREHENSI_3

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Components of Accumulated Other Comprehensive Income (Loss)) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Accumulated other comprehensive income, beginning balance	$ (904.5)
Other comprehensive loss other than reclassifications	(5.8)	$ 32.3
Reclassifications into earnings:
Derivative losses on cash flow hedges, net of tax of $0.0	0.5
Amortization of net actuarial loss and prior service cost, net of tax of $.2	1.3	2.9
Total reclassifications into earnings	1.8	2.9
Accumulated other comprehensive income, ending balance	(948.6)
Derivative losses on cash flow hedges, tax	0
Amortization of net actuarial loss and prior service cost, tax	0.2	0.2
Foreign Currency Translation Adjustments
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Accumulated other comprehensive income, beginning balance	(936.2)	(829.6)
Other comprehensive loss other than reclassifications	(3.4)	32.3
Reclassifications into earnings:
Amortization of net actuarial loss and prior service cost, net of tax of $.2	0	0
Total reclassifications into earnings	0	0
Accumulated other comprehensive income, ending balance	(939.6)	(797.3)
Cash Flow Hedges
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Accumulated other comprehensive income, beginning balance	0.5
Other comprehensive loss other than reclassifications	(2.4)
Reclassifications into earnings:
Derivative losses on cash flow hedges, net of tax of $0.0	0.5
Amortization of net actuarial loss and prior service cost, net of tax of $.2	0
Total reclassifications into earnings	0.5
Accumulated other comprehensive income, ending balance	(1.4)
Net Investment Hedges
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Accumulated other comprehensive income, beginning balance	(4.3)	(4.3)
Other comprehensive loss other than reclassifications	0	0
Reclassifications into earnings:
Amortization of net actuarial loss and prior service cost, net of tax of $.2	0	0
Total reclassifications into earnings	0	0
Accumulated other comprehensive income, ending balance	(4.3)	(4.3)
Pension and Postretirement Benefits
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Accumulated other comprehensive income, beginning balance	(93.8)	(95.7)
Other comprehensive loss other than reclassifications	0	0
Reclassifications into earnings:
Amortization of net actuarial loss and prior service cost, net of tax of $.2	1.3	2.9
Total reclassifications into earnings	1.3	2.9
Accumulated other comprehensive income, ending balance	(92.5)	(92.8)
Investment in New Avon
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Accumulated other comprehensive income, beginning balance	3.4	3.4
Other comprehensive loss other than reclassifications	0	0
Reclassifications into earnings:
Amortization of net actuarial loss and prior service cost, net of tax of $.2	0	0
Total reclassifications into earnings	0	0
Accumulated other comprehensive income, ending balance	3.4	3.4
AOCI Attributable to Parent
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Accumulated other comprehensive income, beginning balance	(1,030.4)	(926.2)
Reclassifications into earnings:
Accumulated other comprehensive income, ending balance	$ (1,034.4)	$ (891)

ACCUMULATED OTHER COMPREHENSI_4

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Equity [Abstract]
Foreign exchange gains (losses)	$ 2.6	$ 5.9

SEGMENT INFORMATION (Total Reve

SEGMENT INFORMATION (Total Revenue and Operating Profit by Reporting Segment) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Segment Reporting Information [Line Items]
Total revenue	$ 1,186.9	$ 1,393.5
Operating (loss) profit	(3.9)	44.9
CTI restructuring initiatives	(43.2)	(10.9)
Other expense, net	22.6	(2.5)
Reportable segments
Segment Reporting Information [Line Items]
Total revenue	1,181.4	1,372.5
Operating (loss) profit	116.2	132.8
Other Operating Segments and Business Activities
Segment Reporting Information [Line Items]
Total revenue	5.5	21
Operating (loss) profit	0.6	2.2
All other
Segment Reporting Information [Line Items]
Unallocated global expenses	(63.1)	(79.2)
CTI restructuring initiatives	(53.5)	(10.9)
Other expense, net	(4.1)	0
Europe, Middle East & Africa | Reportable segments
Segment Reporting Information [Line Items]
Total revenue	458.7	568.4
Operating (loss) profit	59.2	74.4
South Latin America | Reportable segments
Segment Reporting Information [Line Items]
Total revenue	414.7	497.1
Operating (loss) profit	23.8	27.2
North Latin America | Reportable segments
Segment Reporting Information [Line Items]
Total revenue	192.7	195.6
Operating (loss) profit	16.5	20.8
Asia Pacific | Reportable segments
Segment Reporting Information [Line Items]
Total revenue	115.3	111.4
Operating (loss) profit	$ 16.7	$ 10.4

SUPPLEMENTAL BALANCE SHEET IN_3

SUPPLEMENTAL BALANCE SHEET INFORMATION (Components of Prepaid Expenses and Other) (Details) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Prepaid taxes and tax refunds receivable	$ 126.6	$ 145
Receivables other than trade	56.2	69.2
Prepaid brochure costs, paper and other literature	14.4	14.9
Other	58	42.9
Prepaid expenses and other	$ 255.2	$ 272

SUPPLEMENTAL BALANCE SHEET IN_4

SUPPLEMENTAL BALANCE SHEET INFORMATION (Components of Other Assets) (Details) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Net overfunded pension plans	$ 95.8	$ 88.1
Capitalized software	88.8	89.3
Judicial deposits	72.2	74.1
Long-term receivables	79.4	73.2
Trust assets associated with supplemental benefit plans	37.4	37
Tooling (plates and molds associated with our beauty products)	12	12.6
Other	28.1	16.1
Other assets	$ 413.7	$ 390.4

RESTRUCTURING INITIATIVES (Narr

RESTRUCTURING INITIATIVES (Narrative) (Details) - USD ($) $ in Millions	1 Months Ended		3 Months Ended		12 Months Ended
	Sep. 30, 2018	Jan. 31, 2016	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Restructuring Cost and Reserve [Line Items]
Restructuring charges and other costs			$ 43.2	$ 10.9
Open Up Avon
Restructuring Cost and Reserve [Line Items]
Expected annualized savings before taxes	$ 400
Restructuring charges and other costs			45.1	0
Recorded total costs to implement restructuring initiatives			188.3
Open Up Avon | Inventory/ Asset Write-offs
Restructuring Cost and Reserve [Line Items]
Restructuring charges and other costs					$ 88
Transformation Plan
Restructuring Cost and Reserve [Line Items]
Expected annualized savings before taxes		$ 350
Restructuring charges and other costs			(2)	10.9
Recorded total costs to implement restructuring initiatives			203.4
Other Restructuring Initiatives
Restructuring Cost and Reserve [Line Items]
Restructuring charges and other costs			$ 0.1	$ 0

RESTRUCTURING INITIATIVES RESTR

RESTRUCTURING INITIATIVES RESTRUCTURING INITIATIVES - Summary (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Restructuring Cost and Reserve [Line Items]
CTI restructuring initiatives	$ 43.2	$ 10.9
Open Up Avon
Restructuring Cost and Reserve [Line Items]
CTI restructuring initiatives	45.1	0
Transformation Plan
Restructuring Cost and Reserve [Line Items]
CTI restructuring initiatives	(2)	10.9
Other Restructuring Initiatives
Restructuring Cost and Reserve [Line Items]
CTI restructuring initiatives	0.1	0
Inventory write-off | Open Up Avon
Restructuring Cost and Reserve [Line Items]
CTI restructuring initiatives			$ 88
Cost of Goods Sold
Restructuring Cost and Reserve [Line Items]
CTI restructuring initiatives	4.3	0.6
Cost of Goods Sold | Manufacturing asset write-offs
Restructuring Cost and Reserve [Line Items]
CTI restructuring initiatives	3.8	0
Cost of Goods Sold | Inventory write-off
Restructuring Cost and Reserve [Line Items]
CTI restructuring initiatives	0.5	0.6
Selling, General and Administrative Expense
Restructuring Cost and Reserve [Line Items]
CTI restructuring initiatives	49.2	10.3
Selling, General and Administrative Expense | Net charges for employee-related costs, including severance benefits
Restructuring Cost and Reserve [Line Items]
CTI restructuring initiatives	35.3	8.3
Selling, General and Administrative Expense | Implementation costs, primarily related to professional service fees
Restructuring Cost and Reserve [Line Items]
CTI restructuring initiatives	8.7	1.1
Selling, General and Administrative Expense | Dual running costs
Restructuring Cost and Reserve [Line Items]
CTI restructuring initiatives	1.8	0
Selling, General and Administrative Expense | Contract termination and other net benefits
Restructuring Cost and Reserve [Line Items]
CTI restructuring initiatives	3.3	0.2
Selling, General and Administrative Expense | Accelerated depreciation
Restructuring Cost and Reserve [Line Items]
CTI restructuring initiatives	0.1	0.7
Operating Profit
Restructuring Cost and Reserve [Line Items]
CTI restructuring initiatives	53.5	10.9
Other Expenses
Restructuring Cost and Reserve [Line Items]
CTI restructuring initiatives	$ (10.3)	$ 0

RESTRUCTURING INITIATIVES RES_2

RESTRUCTURING INITIATIVES RESTRUCTURING INITIATIVES - OPEN UP AVON (Details) - Open Up Avon $ in Millions	3 Months Ended
	Mar. 31, 2019USD ($)
Restructuring Reserve [Roll Forward]
Balance at December 31, 2018	$ 20.7
2019 charges	34.6
Adjustments	(1.3)
Cash payments	(10.3)
Non-cash write-offs	6
Foreign exchange	(0.8)
Balance at March 31, 2019	48.9
Net charges for employee-related costs, including severance benefits
Restructuring Reserve [Roll Forward]
Balance at December 31, 2018	19.6
2019 charges	37.6
Adjustments	(1.3)
Cash payments	(9.6)
Non-cash write-offs	0
Foreign exchange	(0.8)
Balance at March 31, 2019	45.5
Inventory write-off
Restructuring Reserve [Roll Forward]
Balance at December 31, 2018	0
2019 charges	4.3
Adjustments	0
Cash payments	0
Non-cash write-offs	(4.3)
Foreign exchange	0
Balance at March 31, 2019	0
Foreign Currency Translation Adjustment
Restructuring Reserve [Roll Forward]
Balance at December 31, 2018	0
2019 charges	(10.3)
Adjustments	0
Cash payments	0
Non-cash write-offs	10.3
Foreign exchange	0
Balance at March 31, 2019	0
Contract Termination
Restructuring Reserve [Roll Forward]
Balance at December 31, 2018	1.1
2019 charges	3
Adjustments	0
Cash payments	(0.7)
Non-cash write-offs	0
Foreign exchange	0
Balance at March 31, 2019	$ 3.4

RESTRUCTURING INITIATIVES - TRA

RESTRUCTURING INITIATIVES - TRANSFORMATION PLAN (Liability Balances) (Details) - Transformation Plan $ in Millions	3 Months Ended
	Mar. 31, 2019USD ($)
Restructuring Reserve [Roll Forward]
Balance at December 31, 2018	$ 38
2019 charges	0
Adjustments	(0.9)
Cash payments	(13.3)
Non-cash write-offs	0
Foreign exchange	0.1
Balance at March 31, 2019	23.9
Employee-Related Costs
Restructuring Reserve [Roll Forward]
Balance at December 31, 2018	34.4
2019 charges	0
Adjustments	(1.1)
Cash payments	(10.8)
Non-cash write-offs	0
Foreign exchange	0.1
Balance at March 31, 2019	22.6
Contract termination and other net benefits
Restructuring Reserve [Roll Forward]
Balance at December 31, 2018	3.6
2019 charges	0
Adjustments	0.2
Cash payments	(2.5)
Non-cash write-offs	0
Foreign exchange	0
Balance at March 31, 2019	$ 1.3

RESTRUCTURING INITIATIVES (Rest

RESTRUCTURING INITIATIVES (Restructuring Initiatives by Charge Type) (Details) $ in Millions	Mar. 31, 2019USD ($)
Open Up Avon
Restructuring Cost and Reserve [Line Items]
Charges incurred to-date	$ 150.3
Estimated charges to be incurred on approved initiatives	1
Total expected charges on approved initiatives	151.3
Open Up Avon | Employee-Related Costs
Restructuring Cost and Reserve [Line Items]
Charges incurred to-date	62.7
Estimated charges to be incurred on approved initiatives	1
Total expected charges on approved initiatives	63.7
Open Up Avon | Inventory/ Asset Write-offs
Restructuring Cost and Reserve [Line Items]
Charges incurred to-date	92.6
Estimated charges to be incurred on approved initiatives	0
Total expected charges on approved initiatives	92.6
Open Up Avon | Contract termination and other net benefits
Restructuring Cost and Reserve [Line Items]
Charges incurred to-date	5.3
Estimated charges to be incurred on approved initiatives	0
Total expected charges on approved initiatives	5.3
Open Up Avon | Foreign Currency Translation Adjustments
Restructuring Cost and Reserve [Line Items]
Charges incurred to-date	(10.3)
Estimated charges to be incurred on approved initiatives	0
Total expected charges on approved initiatives	(10.3)
Transformation Plan
Restructuring Cost and Reserve [Line Items]
Charges incurred to-date	173.5
Estimated charges to be incurred on approved initiatives	0
Total expected charges on approved initiatives	173.5
Transformation Plan | Employee-Related Costs
Restructuring Cost and Reserve [Line Items]
Charges incurred to-date	126.9
Estimated charges to be incurred on approved initiatives	0
Total expected charges on approved initiatives	126.9
Transformation Plan | Inventory/ Asset Write-offs
Restructuring Cost and Reserve [Line Items]
Charges incurred to-date	2.3
Estimated charges to be incurred on approved initiatives	0
Total expected charges on approved initiatives	2.3
Transformation Plan | Contract termination and other net benefits
Restructuring Cost and Reserve [Line Items]
Charges incurred to-date	40.9
Estimated charges to be incurred on approved initiatives	0
Total expected charges on approved initiatives	40.9
Transformation Plan | Foreign Currency Translation Adjustments
Restructuring Cost and Reserve [Line Items]
Charges incurred to-date	3.4
Estimated charges to be incurred on approved initiatives	0
Total expected charges on approved initiatives	$ 3.4

RESTRUCTURING INITIATIVES (Char

RESTRUCTURING INITIATIVES (Charges Reportable by Business Segment) (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Open Up Avon
Restructuring Cost and Reserve [Line Items]
Charges incurred	$ 33.2	$ 117.1
Charges incurred to-date	150.3
Estimated charges to be incurred on approved initiatives	1
Total expected charges on approved initiatives	151.3
Open Up Avon | Europe, Middle East & Africa
Restructuring Cost and Reserve [Line Items]
Charges incurred	13.5	32.2
Charges incurred to-date	45.7
Estimated charges to be incurred on approved initiatives	0.1
Total expected charges on approved initiatives	45.8
Open Up Avon | South Latin America
Restructuring Cost and Reserve [Line Items]
Charges incurred	12.7	36.4
Charges incurred to-date	49.1
Estimated charges to be incurred on approved initiatives	0
Total expected charges on approved initiatives	49.1
Open Up Avon | North Latin America
Restructuring Cost and Reserve [Line Items]
Charges incurred	2.9	27.9
Charges incurred to-date	30.8
Estimated charges to be incurred on approved initiatives	0.4
Total expected charges on approved initiatives	31.2
Open Up Avon | Asia Pacific
Restructuring Cost and Reserve [Line Items]
Charges incurred	(3.2)	14.4
Charges incurred to-date	11.2
Estimated charges to be incurred on approved initiatives	0
Total expected charges on approved initiatives	11.2
Open Up Avon | Global & Other Operating Segments
Restructuring Cost and Reserve [Line Items]
Charges incurred	7.3	6.2
Charges incurred to-date	13.5
Estimated charges to be incurred on approved initiatives	0.5
Total expected charges on approved initiatives	14
Transformation Plan
Restructuring Cost and Reserve [Line Items]
Charges incurred	(0.8)	23.7	$ 54.8	$ 74.4	$ 21.4
Charges incurred to-date	173.5
Estimated charges to be incurred on approved initiatives	0
Total expected charges on approved initiatives	173.5
Transformation Plan | Europe, Middle East & Africa
Restructuring Cost and Reserve [Line Items]
Charges incurred	(1.1)	5	0.9	30.9	0
Charges incurred to-date	35.7
Estimated charges to be incurred on approved initiatives	0
Total expected charges on approved initiatives	35.7
Transformation Plan | South Latin America
Restructuring Cost and Reserve [Line Items]
Charges incurred	0	4.1	5.6	13.2	0
Charges incurred to-date	22.9
Estimated charges to be incurred on approved initiatives	0
Total expected charges on approved initiatives	22.9
Transformation Plan | North Latin America
Restructuring Cost and Reserve [Line Items]
Charges incurred	0	0.6	(0.6)	4.4	0
Charges incurred to-date	4.4
Estimated charges to be incurred on approved initiatives	0
Total expected charges on approved initiatives	4.4
Transformation Plan | Asia Pacific
Restructuring Cost and Reserve [Line Items]
Charges incurred	0	0.6	(0.5)	9.1	0
Charges incurred to-date	9.2
Estimated charges to be incurred on approved initiatives	0
Total expected charges on approved initiatives	9.2
Transformation Plan | Global & Other Operating Segments
Restructuring Cost and Reserve [Line Items]
Charges incurred	0.3	$ 13.4	$ 49.4	$ 16.8	$ 21.4
Charges incurred to-date	101.3
Estimated charges to be incurred on approved initiatives	0
Total expected charges on approved initiatives	$ 101.3

GOODWILL (Schedule of Goodwill)

GOODWILL (Schedule of Goodwill) (Details) $ in Millions	3 Months Ended
	Mar. 31, 2019USD ($)
Goodwill [Roll Forward]
Net balance at beginning	$ 87.4
Foreign exchange	1.2
Net balance at ending	88.6
Europe, Middle East & Africa
Goodwill [Roll Forward]
Net balance at beginning	18
Foreign exchange	(0.3)
Net balance at ending	17.7
South Latin America
Goodwill [Roll Forward]
Net balance at beginning	66.8
Foreign exchange	1.5
Net balance at ending	68.3
Asia Pacific
Goodwill [Roll Forward]
Net balance at beginning	2.6
Foreign exchange	0
Net balance at ending	$ 2.6

FAIR VALUE FAIR VALUE ASSETS AN

FAIR VALUE FAIR VALUE ASSETS AND LIABILITIES (Details) - Fair Value, Measurements, Recurring $ in Millions	Mar. 31, 2019USD ($)
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available-for-sale securities	$ 3.9
Foreign exchange forward contracts	17.1
Total Assets	21
Foreign exchange forward contracts	1.9
Total Liabilities	1.9
Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available-for-sale securities	3.9
Foreign exchange forward contracts	0
Total Assets	3.9
Foreign exchange forward contracts	0
Total Liabilities	0
Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available-for-sale securities	0
Foreign exchange forward contracts	17.1
Total Assets	17.1
Foreign exchange forward contracts	1.9
Total Liabilities	$ 1.9

FAIR VALUE (Fair Value of Finan

FAIR VALUE (Fair Value of Financial Instruments) (Details) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Carrying Amount
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available-for-sale securities	$ 3.9	$ 3.8
Debt maturing within one year	(425.4)	(12)
Long-term debt	(1,196.4)	(1,581.6)
Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available-for-sale securities	3.9	3.8
Debt maturing within one year	(433.4)	(12)
Long-term debt	(1,207.1)	(1,460.2)
Foreign exchange forward contracts | Carrying Amount
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Foreign exchange forward contracts	15.2	(5.1)
Foreign exchange forward contracts | Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Foreign exchange forward contracts	$ 15.2	$ (5.1)

DERIVATIVE INSTRUMENTS AND HE_3

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES DERIVATIVE INSTRUMENTS FAIR VALUE (Details) - Fair Value, Measurements, Recurring $ in Millions	Mar. 31, 2019USD ($)
Derivative [Line Items]
Foreign exchange forward contracts, asset	$ 17.1
Foreign exchange forward contracts, liability	1.9
Prepaid expenses and other | Designated as Hedging Instrument
Derivative [Line Items]
Foreign exchange forward contracts, asset	0
Prepaid expenses and other | Not Designated as Hedging Instrument
Derivative [Line Items]
Foreign exchange forward contracts, asset	17.1
Accounts payable | Designated as Hedging Instrument
Derivative [Line Items]
Foreign exchange forward contracts, liability	1.6
Accounts payable | Not Designated as Hedging Instrument
Derivative [Line Items]
Foreign exchange forward contracts, liability	$ 0.3

DERIVATIVE INSTRUMENTS AND HE_4

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Narrative) (Details)	3 Months Ended
	Mar. 31, 2019USD ($)	Mar. 31, 2018USD ($)	Dec. 31, 2018	Mar. 31, 2012USD ($)derivative_instrument
Derivative [Line Items]
Total exposure to floating rate interest rates	26.00%		1.00%
Foreign Exchange Contract
Derivative [Line Items]
Notional amounts of foreign currency exchange contracts	$ 1,236,200,000
Gain (loss) on foreign currency derivative instruments not designated as hedging instruments	25,000,000	$ 900,000
March 2012 Interest-Rate Swap Termination
Derivative [Line Items]
Number of interest-rate swap agreements terminated | derivative_instrument				2
Notional amount				$ 350,000,000
Deferred gain (loss) on discontinuation of interest rate fair value hedge				$ 46,100,000
Amortization of interest rate swap gains	0	$ 1,300,000
Designated as Hedging Instrument | Foreign Exchange Contract
Derivative [Line Items]
Notional amounts of foreign currency exchange contracts	$ 26,800,000

DEBT (Details)

DEBT (Details)

1 Months Ended

3 Months Ended

Feb. 28, 2019EUR (€)

Jun. 30, 2015USD ($)

Mar. 31, 2019USD ($)

Mar. 31, 2019EUR (€)

Dec. 31, 2018USD ($)

[1]

Mar. 31, 2018USD ($)

[2]

Dec. 31, 2017USD ($)

[1]

Aug. 31, 2016USD ($)

Mar. 31, 2013USD ($)

Debt Instrument [Line Items]

Cash and restricted cash on hand

$ 431,000,000

[1],[2]

$ 536,400,000

$ 772,500,000

$ 881,500,000

2015 Facility

Debt Instrument [Line Items]

Term of facility

5 years

Line of credit facility

$ 400,000,000

Write off debt issuance costs

$ 2,000,000

2013 Notes

Debt Instrument [Line Items]

Increase in interest rate for every one-notch downgrade of long-term credit ratings below investment grade

0.25%

Maximum aggregate increase in interest rate related to downgrade of long-term credit ratings below investment grade

2.00%

Four Point Six Zero Percent Notes, Due February Two Thousand Twenty Two [Member] | 2019 Facility

Debt Instrument [Line Items]

Term of facility

3 years

Line of credit facility

€ 200,000,000

$ 225,000,000

Interest rate

4.60%

Issuance costs

10,000,000

Remaining borrowing capacity | €

€ 175,000,000

Four Point Six Zero Percent Notes, Due March Two Thousand Twenty

Debt Instrument [Line Items]

Interest rate

4.60%

Remaining borrowing capacity | €

€ 175,000,000

Principal amount

$ 500,000,000

Amount outstanding under revolving credit facility

386,900,000

Five Point Zero Percent Notes, Due March Two Thousand Twenty-Three

Debt Instrument [Line Items]

Interest rate

5.00%

Principal amount

$ 500,000,000

Six Point Nine Five Percent Notes, Due March Two Thousand Forty-Three

Debt Instrument [Line Items]

Interest rate

6.95%

Principal amount

$ 250,000,000

Seven Point Eight Seven Five Percent Notes, Due August Two Thousand Twenty Two

Debt Instrument [Line Items]

Interest rate

7.875%

Principal amount

$ 500,000,000

AIO

Debt Instrument [Line Items]

Standby letters of credit, recorded liability

$ 28,000,000

[1]

Includes cash and cash equivalents of $3.7

[2]

Includes restricted cash related to the sale of Avon Manufacturing (Guangzhou), Ltd. at March 31, 2019

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Income Tax Disclosure [Abstract]
Effective income tax rate, excluding discrete items	24.30%	26.50%
Income taxes	$ 19.5	$ 31.5
Effective income tax rate	(433.30%)	302.90%
Accrual of income tax benefits	$ (3.5)
Change in income tax reserve	(3.7)	$ 9.2
Other net expense (benefits)	$ (0.2)	$ 1.2

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details) - USD ($) $ in Millions	Sep. 30, 2019	Mar. 31, 2019	Mar. 31, 2018
Subsequent Event [Line Items]
Cash to be received		$ 46.4	$ 0
New Avon
Subsequent Event [Line Items]
Percentage of ownership		19.90%
Scenario, Forecast
Subsequent Event [Line Items]
Cash to be received	$ 24.9
Scenario, Forecast | New Avon
Subsequent Event [Line Items]
Cash to be received	$ 125

Uncategorized Items - a20193311

Label	Element	Value
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	$ (41,100,000)
Retained Earnings, Appropriated [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	$ (41,100,000)