10-Q Filing

AVON PRODUCTS INC CIK: 8868 Q3 2010

Filing Information

Form Type	10-Q
Accession Number	`0001193125-10-238768`
Period End Date	20100930
Filing Date	20101028
Fiscal Year	2010
Fiscal Period	Q3
XBRL Instance	avp-20100930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 64 Income Statement 72 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`	$1.10B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$841.50M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.29B	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$755.50M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$779.70M	USD	Point-in-time
Inventories	`InventoryNet`	$1.07B	USD	Point-in-time
Inventories	`InventoryNet`	$1.36B	USD	Point-in-time
Prepaid expenses and other	`OtherAssetsCurrent`	$1.04B	USD	Point-in-time
Prepaid expenses and other	`OtherAssetsCurrent`	$1.03B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$3.99B	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`	$2.88B	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$1.17B	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$1.25B	USD	Point-in-time
Property, plant and equipment, net, total	`PropertyPlantAndEquipmentNet`	$1.53B	USD	Point-in-time
Property, plant and equipment, net, total	`PropertyPlantAndEquipmentNet`	$1.64B	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$2.18B	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$1.11B	USD	Point-in-time
Total assets	`Assets`	$7.81B	USD	Point-in-time
Total assets	`Assets`	$6.83B	USD	Point-in-time
Debt maturing within one year	`DebtCurrent`	$1.17B	USD	Point-in-time
Debt maturing within one year	`DebtCurrent`	$138.10M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$876.60M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$754.70M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$291.00M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$325.40M	USD	Point-in-time
Other accrued liabilities	`OtherLiabilitiesCurrent`	$697.10M	USD	Point-in-time
Other accrued liabilities	`OtherLiabilitiesCurrent`	$757.80M	USD	Point-in-time
Sales and taxes other than income	`SalesAndTaxesOtherThanIncome`	$259.20M	USD	Point-in-time
Sales and taxes other than income	`SalesAndTaxesOtherThanIncome`	$214.20M	USD	Point-in-time
Income taxes	`AccruedIncomeTaxesCurrent`	$134.70M	USD	Point-in-time
Income taxes	`AccruedIncomeTaxesCurrent`	$86.60M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.43B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.27B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$1.93B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$2.31B	USD	Point-in-time
Employee benefit plans	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$568.80M	USD	Point-in-time
Employee benefit plans	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$588.90M	USD	Point-in-time
Long-term income taxes	`TaxesPayableNoncurrent`	$172.30M	USD	Point-in-time
Long-term income taxes	`TaxesPayableNoncurrent`	$173.80M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$174.80M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$149.20M	USD	Point-in-time
Total liabilities	`Liabilities`	$5.52B	USD	Point-in-time
Total liabilities	`Liabilities`	$6.25B	USD	Point-in-time
Common stock	`CommonStockValue`	$186.50M	USD	Point-in-time
Common stock	`CommonStockValue`	$186.10M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$2.01B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.94B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$4.48B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$4.38B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-603.10M	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`	$1.51B	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$40.00M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$43.20M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.31B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.55B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$6.83B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$7.81B	USD	Point-in-time

Income Statement 72 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueGoodsNet`	$7.73B	USD	3 Qtrs
Net sales	`SalesRevenueGoodsNet`	$7.13B	USD	3 Qtrs
Net sales	`SalesRevenueGoodsNet`	$2.53B	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$2.62B	USD	1 Quarter
Other revenue	`OtherSalesRevenueNet`	$99.50M	USD	3 Qtrs
Other revenue	`OtherSalesRevenueNet`	$32.00M	USD	1 Quarter
Other revenue	`OtherSalesRevenueNet`	$34.10M	USD	1 Quarter
Other revenue	`OtherSalesRevenueNet`	$93.80M	USD	3 Qtrs
Total revenue	`Revenues`	$2.56B	USD	1 Quarter
Total revenue	`Revenues`	$7.22B	USD	3 Qtrs
Total revenue	`Revenues`	$7.83B	USD	3 Qtrs
Total revenue	`Revenues`	$2.66B	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$2.70B	USD	3 Qtrs
Cost of sales	`CostOfRevenue`	$946.20M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$954.80M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$2.87B	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.45B	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$4.23B	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.35B	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$3.91B	USD	3 Qtrs
Operating profit	`OperatingIncomeLoss`	$259.60M	USD	1 Quarter
Operating profit	`OperatingIncomeLoss`	$609.80M	USD	3 Qtrs
Operating profit	`OperatingIncomeLoss`	$723.90M	USD	3 Qtrs
Operating profit	`OperatingIncomeLoss`	$258.50M	USD	1 Quarter
Interest expense	`InterestExpense`	$26.10M	USD	1 Quarter
Interest expense	`InterestExpense`	$21.10M	USD	1 Quarter
Interest expense	`InterestExpense`	$78.80M	USD	3 Qtrs
Interest expense	`InterestExpense`	$63.30M	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$10.00M	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$3.20M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$15.20M	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$1.80M	USD	1 Quarter
Other expense, net	`OtherNonoperatingIncomeExpense`	$-3.90M	USD	1 Quarter
Other expense, net	`OtherNonoperatingIncomeExpense`	$-3.80M	USD	1 Quarter
Other expense, net	`OtherNonoperatingIncomeExpense`	$-7.90M	USD	3 Qtrs
Other expense, net	`OtherNonoperatingIncomeExpense`	$-52.10M	USD	3 Qtrs
Total other expenses	`NonoperatingIncomeExpense`	$-105.40M	USD	3 Qtrs
Total other expenses	`NonoperatingIncomeExpense`	$-71.50M	USD	3 Qtrs
Total other expenses	`NonoperatingIncomeExpense`	$-26.80M	USD	1 Quarter
Total other expenses	`NonoperatingIncomeExpense`	$-23.10M	USD	1 Quarter
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$236.50M	USD	1 Quarter
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$231.70M	USD	1 Quarter
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$538.30M	USD	3 Qtrs
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$618.50M	USD	3 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	$238.50M	USD	3 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	$74.10M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$69.00M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$178.60M	USD	3 Qtrs
Net income	`ProfitLoss`	$167.50M	USD	1 Quarter
Net income	`ProfitLoss`	$157.60M	USD	1 Quarter
Net income	`ProfitLoss`	$359.70M	USD	3 Qtrs
Net income	`ProfitLoss`	$380.00M	USD	3 Qtrs
Net income attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$3.30M	USD	3 Qtrs
Net income attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$3.20M	USD	3 Qtrs
Net income attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$800.00K	USD	1 Quarter
Net income attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$1.40M	USD	1 Quarter
Net income attributable to Avon	`NetIncomeLoss`	$376.80M	USD	3 Qtrs
Net income attributable to Avon	`NetIncomeLoss`	$356.40M	USD	3 Qtrs
Net income attributable to Avon	`NetIncomeLoss`	$166.70M	USD	1 Quarter
Net income attributable to Avon	`NetIncomeLoss`	$156.20M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.36	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.83	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$0.87	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$0.39	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.36	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.87	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.83	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.38	USD	1 Quarter
Cash dividends per common share	`CommonStockDividendsPerShareCashPaid`	$0.22	USD	1 Quarter
Cash dividends per common share	`CommonStockDividendsPerShareCashPaid`	$0.63	USD	3 Qtrs
Cash dividends per common share	`CommonStockDividendsPerShareCashPaid`	$0.66	USD	3 Qtrs
Cash dividends per common share	`CommonStockDividendsPerShareCashPaid`	$0.21	USD	1 Quarter

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`	$125.80M	USD	3 Qtrs
Net cash provided (used by) financing activities, Non-cash financing activities change in fair market value of interest rate swap agreements	`IncreaseDecreaseInFairValueOfInterestRateSwapsNet`	$-32.80M	USD	3 Qtrs
Net income	`ProfitLoss`	$167.50M	USD	1 Quarter
Net income	`ProfitLoss`	$157.60M	USD	1 Quarter
Net income	`ProfitLoss`	$359.70M	USD	3 Qtrs
Net income	`ProfitLoss`	$380.00M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$131.40M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$139.10M	USD	3 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$161.20M	USD	3 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$159.60M	USD	3 Qtrs
Provision for obsolescence	`InventoryWriteDown`	$72.20M	USD	3 Qtrs
Provision for obsolescence	`InventoryWriteDown`	$77.70M	USD	3 Qtrs
Share-based compensation	`ShareBasedCompensation`	$46.20M	USD	3 Qtrs
Share-based compensation	`ShareBasedCompensation`	$43.10M	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-36.30M	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-52.80M	USD	3 Qtrs
Charge for Venezuelan monetary assets and liabilities	`ChargesForVenezuelanMonetaryAssetsAndLiabilities`	$-46.10M	USD	3 Qtrs
Other	`AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesOther`	$80.40M	USD	3 Qtrs
Other	`AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesOther`	$44.50M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$157.00M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$179.30M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$321.60M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$207.80M	USD	3 Qtrs
Prepaid expenses and other	`IncreaseDecreaseInPrepaidExpensesAndOther`	$92.80M	USD	3 Qtrs
Prepaid expenses and other	`IncreaseDecreaseInPrepaidExpensesAndOther`	$81.70M	USD	3 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$29.80M	USD	3 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$155.80M	USD	3 Qtrs
Income and other taxes	`IncreaseDecreaseInIncomeAndOtherTaxes`	$-82.20M	USD	3 Qtrs
Income and other taxes	`IncreaseDecreaseInIncomeAndOtherTaxes`	$-99.00M	USD	3 Qtrs
Noncurrent assets and liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$14.10M	USD	3 Qtrs
Noncurrent assets and liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$17.10M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$338.00M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$247.10M	USD	3 Qtrs
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$171.80M	USD	3 Qtrs
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$216.90M	USD	3 Qtrs
Disposal of assets	`ProceedsFromSaleOfProductiveAssets`	$10.20M	USD	3 Qtrs
Disposal of assets	`ProceedsFromSaleOfProductiveAssets`	$11.70M	USD	3 Qtrs
Purchases of investments	`PaymentsToAcquireInvestments`	$700.00K	USD	3 Qtrs
Purchases of investments	`PaymentsToAcquireInvestments`	$1.60M	USD	3 Qtrs
Proceeds from sale of investments	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	$4.10M	USD	3 Qtrs
Proceeds from sale of investments	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	$61.80M	USD	3 Qtrs
Acquisitions and other investing activities	`AcquisitionsAndOtherInvestingActivities`	$795.20M	USD	3 Qtrs
Acquisitions and other investing activities	`AcquisitionsAndOtherInvestingActivities`	$-5.70M	USD	3 Qtrs
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-997.90M	USD	3 Qtrs
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-94.80M	USD	3 Qtrs
Cash dividends	`PaymentsOfDividends`	$287.50M	USD	3 Qtrs
Cash dividends	`PaymentsOfDividends`	$273.10M	USD	3 Qtrs
Debt, net (maturities of three months or less)	`ProceedsFromRepaymentsOfShortTermDebt`	$529.10M	USD	3 Qtrs
Debt, net (maturities of three months or less)	`ProceedsFromRepaymentsOfShortTermDebt`	$-499.10M	USD	3 Qtrs
Proceeds from debt	`ProceedsFromOtherDebt`	$5.50M	USD	3 Qtrs
Proceeds from debt	`ProceedsFromOtherDebt`	$948.90M	USD	3 Qtrs
Repayment of debt	`RepaymentsOfOtherDebt`	$155.20M	USD	3 Qtrs
Repayment of debt	`RepaymentsOfOtherDebt`	$18.30M	USD	3 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$18.70M	USD	3 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$3.80M	USD	3 Qtrs
Excess tax benefit realized from share-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$-2.10M	USD	3 Qtrs
Excess tax benefit realized from share-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$2.80M	USD	3 Qtrs
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$11.40M	USD	3 Qtrs
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$7.60M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$15.60M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$238.90M	USD	3 Qtrs
Effect of exchange rate changes on cash and equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-49.10M	USD	3 Qtrs
Effect of exchange rate changes on cash and equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$20.80M	USD	3 Qtrs
Net (decrease) increase in cash and equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$188.70M	USD	3 Qtrs
Net (decrease) increase in cash and equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-470.10M	USD	3 Qtrs
Cash and equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$1.29B	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`	$1.10B	USD	Point-in-time
Cash and equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$841.50M	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`	$841.50M	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`	$1.29B	USD	Point-in-time

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