10-Q Filing

AVON PRODUCTS INC CIK: 8868 Q2 2010

Filing Information

Form Type	10-Q
Accession Number	`0001193125-10-169878`
Period End Date	20100630
Filing Date	20100729
Fiscal Year	2010
Fiscal Period	Q2
XBRL Instance	avp-20100630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 64 Income Statement 76 Cash Flow Statement 73

Balance Sheet 64 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.31B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$984.10M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.10B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.22B	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$779.70M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$737.00M	USD	Point-in-time
Inventories	`InventoryNet`	$1.07B	USD	Point-in-time
Inventories	`InventoryNet`	$1.10B	USD	Point-in-time
Prepaid expenses and other	`OtherAssetsCurrent`	$908.70M	USD	Point-in-time
Prepaid expenses and other	`OtherAssetsCurrent`	$1.03B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$3.73B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$4.19B	USD	Point-in-time
Property, plant and equipment, at cost	`PropertyPlantAndEquipmentGross`	$2.70B	USD	Point-in-time
Property, plant and equipment, at cost	`PropertyPlantAndEquipmentGross`	$2.73B	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$1.17B	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$1.19B	USD	Point-in-time
Property, Plant and Equipment, Net, Total	`PropertyPlantAndEquipmentNet`	$1.53B	USD	Point-in-time
Property, Plant and Equipment, Net, Total	`PropertyPlantAndEquipmentNet`	$1.53B	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$1.47B	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$1.11B	USD	Point-in-time
Total assets	`Assets`	$6.83B	USD	Point-in-time
Total assets	`Assets`	$6.73B	USD	Point-in-time
Debt maturing within one year	`DebtCurrent`	$138.10M	USD	Point-in-time
Debt maturing within one year	`DebtCurrent`	$607.70M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$754.70M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$786.40M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$291.00M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$260.90M	USD	Point-in-time
Other accrued liabilities	`OtherLiabilitiesCurrent`	$697.10M	USD	Point-in-time
Other accrued liabilities	`OtherLiabilitiesCurrent`	$694.60M	USD	Point-in-time
Sales and taxes other than income	`SalesAndTaxesOtherThanIncome`	$216.00M	USD	Point-in-time
Sales and taxes other than income	`SalesAndTaxesOtherThanIncome`	$259.20M	USD	Point-in-time
Income taxes	`AccruedIncomeTaxesCurrent`	$86.80M	USD	Point-in-time
Income taxes	`AccruedIncomeTaxesCurrent`	$134.70M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.27B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.65B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$2.31B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$1.89B	USD	Point-in-time
Employee benefit plans	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$588.90M	USD	Point-in-time
Employee benefit plans	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$563.90M	USD	Point-in-time
Long-term income taxes	`TaxesPayableNoncurrent`	$186.90M	USD	Point-in-time
Long-term income taxes	`TaxesPayableNoncurrent`	$173.80M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$119.90M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$174.80M	USD	Point-in-time
Total liabilities	`Liabilities`	$5.41B	USD	Point-in-time
Total liabilities	`Liabilities`	$5.52B	USD	Point-in-time
Common stock	`CommonStockValue`	$186.40M	USD	Point-in-time
Common stock	`CommonStockValue`	$186.10M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.99B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.94B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$4.38B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$4.40B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-757.20M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-692.60M	USD	Point-in-time
Treasury stock, at cost	`TreasuryStockValue`	$4.56B	USD	Point-in-time
Treasury stock, at cost	`TreasuryStockValue`	$4.55B	USD	Point-in-time
Total Avon shareholders' equity	`StockholdersEquity`	$1.27B	USD	Point-in-time
Total Avon shareholders' equity	`StockholdersEquity`	$1.27B	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$43.90M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$40.00M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.31B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.31B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$6.83B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$6.73B	USD	Point-in-time

Income Statement 76 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueGoodsNet`	$2.64B	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$2.45B	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$4.60B	USD	2 Qtrs
Net sales	`SalesRevenueGoodsNet`	$5.10B	USD	2 Qtrs
Other revenue	`OtherSalesRevenueNet`	$65.40M	USD	2 Qtrs
Other revenue	`OtherSalesRevenueNet`	$33.70M	USD	1 Quarter
Other revenue	`OtherSalesRevenueNet`	$32.60M	USD	1 Quarter
Other revenue	`OtherSalesRevenueNet`	$61.80M	USD	2 Qtrs
Total revenue	`Revenues`	$2.48B	USD	1 Quarter
Total revenue	`Revenues`	$4.67B	USD	2 Qtrs
Total revenue	`Revenues`	$2.68B	USD	1 Quarter
Total revenue	`Revenues`	$5.17B	USD	2 Qtrs
Cost of sales	`CostOfRevenue`	$934.30M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$1.93B	USD	2 Qtrs
Cost of sales	`CostOfRevenue`	$977.00M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$1.75B	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$2.78B	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$2.57B	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.36B	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.43B	USD	1 Quarter
Operating profit	`OperatingIncomeLoss`	$351.30M	USD	2 Qtrs
Operating profit	`OperatingIncomeLoss`	$464.30M	USD	2 Qtrs
Operating profit	`OperatingIncomeLoss`	$271.50M	USD	1 Quarter
Operating profit	`OperatingIncomeLoss`	$182.90M	USD	1 Quarter
Interest expense	`InterestExpense`	$27.90M	USD	1 Quarter
Interest expense	`InterestExpense`	$42.20M	USD	2 Qtrs
Interest expense	`InterestExpense`	$20.40M	USD	1 Quarter
Interest expense	`InterestExpense`	$52.70M	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$4.70M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$8.20M	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$3.30M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$12.00M	USD	2 Qtrs
Other expense (income) net	`OtherNonoperatingIncomeExpense`	$-4.00M	USD	2 Qtrs
Other expense (income) net	`OtherNonoperatingIncomeExpense`	$200.00K	USD	1 Quarter
Other expense (income) net	`OtherNonoperatingIncomeExpense`	$-48.30M	USD	2 Qtrs
Other expense (income) net	`OtherNonoperatingIncomeExpense`	$-100.00K	USD	1 Quarter
Total other expenses	`NonoperatingIncomeExpense`	$-17.20M	USD	1 Quarter
Total other expenses	`NonoperatingIncomeExpense`	$-44.70M	USD	2 Qtrs
Total other expenses	`NonoperatingIncomeExpense`	$-23.00M	USD	1 Quarter
Total other expenses	`NonoperatingIncomeExpense`	$-82.30M	USD	2 Qtrs
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$254.30M	USD	1 Quarter
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$159.90M	USD	1 Quarter
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$382.00M	USD	2 Qtrs
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$306.60M	USD	2 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	$104.50M	USD	2 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	$169.50M	USD	2 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	$75.30M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$85.10M	USD	1 Quarter
Net income	`ProfitLoss`	$212.50M	USD	2 Qtrs
Net income	`ProfitLoss`	$169.20M	USD	1 Quarter
Net income	`ProfitLoss`	$202.10M	USD	2 Qtrs
Net income	`ProfitLoss`	$84.60M	USD	1 Quarter
Net income attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$2.40M	USD	2 Qtrs
Net income attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$1.70M	USD	1 Quarter
Net income attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$1.90M	USD	2 Qtrs
Net income attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$1.60M	USD	1 Quarter
Net income attributable to Avon	`NetIncomeLoss`	$210.10M	USD	2 Qtrs
Net income attributable to Avon	`NetIncomeLoss`	$167.60M	USD	1 Quarter
Net income attributable to Avon	`NetIncomeLoss`	$82.90M	USD	1 Quarter
Net income attributable to Avon	`NetIncomeLoss`	$200.20M	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	0.19	pure	1 Quarter
Basic	`EarningsPerShareBasic`	0.39	pure	1 Quarter
Basic	`EarningsPerShareBasic`	0.47	pure	2 Qtrs
Basic	`EarningsPerShareBasic`	0.49	pure	2 Qtrs
Basic	`EarningsPerShareBasic`	$0.19	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.39	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	0.19	pure	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.39	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	0.39	pure	1 Quarter
Diluted	`EarningsPerShareDiluted`	0.48	pure	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.19	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	0.46	pure	2 Qtrs
Cash dividends per common share	`CommonStockDividendsPerShareCashPaid`	$0.21	USD	1 Quarter
Cash dividends per common share	`CommonStockDividendsPerShareCashPaid`	0.42	pure	2 Qtrs
Cash dividends per common share	`CommonStockDividendsPerShareCashPaid`	$0.22	USD	1 Quarter
Cash dividends per common share	`CommonStockDividendsPerShareCashPaid`	0.44	pure	2 Qtrs

Cash Flow Statement 73 line items

Line Item	Tag	Value	Unit	Period
Net cash provided (used by) financing activities, Non-cash financing activities change in fair market value of interest rate swap agreements	`IncreaseDecreaseInFairValueOfInterestRateSwapsNet`	$82.80M	USD	2 Qtrs
Net cash provided (used by) financing activities, Non-cash financing activities change in fair market value of interest rate swap agreements	`IncreaseDecreaseInFairValueOfInterestRateSwapsNet`	$-56.20M	USD	2 Qtrs
Net income	`ProfitLoss`	$202.10M	USD	2 Qtrs
Net income	`ProfitLoss`	$84.60M	USD	1 Quarter
Net income	`ProfitLoss`	$169.20M	USD	1 Quarter
Net income	`ProfitLoss`	$212.50M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$90.40M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$82.20M	USD	2 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$92.60M	USD	2 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$104.60M	USD	2 Qtrs
Provision for obsolescence	`InventoryWriteDown`	$44.70M	USD	2 Qtrs
Provision for obsolescence	`InventoryWriteDown`	$49.80M	USD	2 Qtrs
Share-based compensation	`ShareBasedCompensation`	$31.90M	USD	2 Qtrs
Share-based compensation	`ShareBasedCompensation`	$32.00M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-100.00K	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-17.20M	USD	2 Qtrs
Charge for Venezuelan monetary assets and liabilities	`ChargesForVenezuelanMonetaryAssetsAndLiabilities`	$-46.10M	USD	2 Qtrs
Other	`AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesOther`	$31.30M	USD	2 Qtrs
Other	`AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesOther`	$27.50M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$103.50M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$65.30M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$111.30M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$102.40M	USD	2 Qtrs
Prepaid expenses and other	`IncreaseDecreaseInPrepaidExpensesAndOther`	$30.80M	USD	2 Qtrs
Prepaid expenses and other	`IncreaseDecreaseInPrepaidExpensesAndOther`	$49.40M	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-65.30M	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$23.80M	USD	2 Qtrs
Income and other taxes	`IncreaseDecreaseInIncomeAndOtherTaxes`	$-77.10M	USD	2 Qtrs
Income and other taxes	`IncreaseDecreaseInIncomeAndOtherTaxes`	$-89.20M	USD	2 Qtrs
Noncurrent assets and liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$33.90M	USD	2 Qtrs
Noncurrent assets and liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$9.50M	USD	2 Qtrs
Net cash provided (used) by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$75.40M	USD	2 Qtrs
Net cash provided (used) by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$241.10M	USD	2 Qtrs
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$139.50M	USD	2 Qtrs
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$108.10M	USD	2 Qtrs
Disposal of assets	`ProceedsFromSaleOfProductiveAssets`	$10.80M	USD	2 Qtrs
Disposal of assets	`ProceedsFromSaleOfProductiveAssets`	$5.70M	USD	2 Qtrs
Purchases of investments	`PaymentsToAcquireInvestments`	$300.00K	USD	2 Qtrs
Purchases of investments	`PaymentsToAcquireInvestments`	$700.00K	USD	2 Qtrs
Proceeds from sale of investments	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	$4.00M	USD	2 Qtrs
Proceeds from sale of investments	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	$61.70M	USD	2 Qtrs
Acquisitions and other investing activities	`AcquisitionsAndOtherInvestingActivities`	$144.40M	USD	2 Qtrs
Acquisitions and other investing activities	`AcquisitionsAndOtherInvestingActivities`	$-5.80M	USD	2 Qtrs
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-269.40M	USD	2 Qtrs
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-35.60M	USD	2 Qtrs
Cash dividends	`PaymentsOfDividends`	$183.60M	USD	2 Qtrs
Cash dividends	`PaymentsOfDividends`	$189.50M	USD	2 Qtrs
Debt, net (maturities of three months or less)	`ProceedsFromRepaymentsOfShortTermDebt`	$-501.60M	USD	2 Qtrs
Debt, net (maturities of three months or less)	`ProceedsFromRepaymentsOfShortTermDebt`	$-36.70M	USD	2 Qtrs
Proceeds from debt	`ProceedsFromOtherDebt`	$884.70M	USD	2 Qtrs
Proceeds from debt	`ProceedsFromOtherDebt`	$19.80M	USD	2 Qtrs
Repayment of debt	`RepaymentsOfOtherDebt`	$20.50M	USD	2 Qtrs
Repayment of debt	`RepaymentsOfOtherDebt`	$131.60M	USD	2 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$700.00K	USD	2 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$15.40M	USD	2 Qtrs
Excess tax benefit realized from share-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$-1.60M	USD	2 Qtrs
Excess tax benefit realized from share-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$2.60M	USD	2 Qtrs
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$6.20M	USD	2 Qtrs
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$10.80M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$60.80M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-219.70M	USD	2 Qtrs
Effect of exchange rate changes on cash and equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$15.70M	USD	2 Qtrs
Effect of exchange rate changes on cash and equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-79.50M	USD	2 Qtrs
Net (decrease) increase in cash and equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$116.30M	USD	2 Qtrs
Net (decrease) increase in cash and equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-327.50M	USD	2 Qtrs
Cash and equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$1.22B	USD	Point-in-time
Cash and equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$1.31B	USD	Point-in-time
Cash and equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$984.10M	USD	Point-in-time
Cash and equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$1.10B	USD	Point-in-time
Cash and equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$984.10M	USD	Point-in-time
Cash and equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.10B	USD	Point-in-time
Cash and equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.31B	USD	Point-in-time
Cash and equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.22B	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.