Avon 2003 Annual Report Download - page 73
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Liability Balances for Special Charges
The liability balances for Special charges at December 31, 2001, 2002 and 2003, were as follows:
Accrued
Severance Cost Asset Special Contract
and Related of Sales Impairment Termination Termination Other
Costs Charge Charge Benefits Costs Costs Total
2001 Charges:
Provision $ 69.8 $ 2.5 $ 5.4 $ 11.2 $ 3.5 $ 5.0 $ 97.4
Cash payments (2.7) — — — — — (2.7)
Non-cash write-offs — (2.5) (5.4) (11.2) — (.5) (19.6)
Balance at December 31, 2001 67.1 — — — 3.5 4.5 75.1
Adjustment (5.7) — (.6) — — (1.0) (7.3)
Non-cash write-offs — — .6 — — — .6
Foreign exchange (1.0) — — — — — (1.0)
Cash payments (33.3) — — — (3.1) (1.2) (37.6)
Balance at December 31, 2002 27.1 — — — .4 2.3 29.8
Foreign exchange (1.1) — — — — (.1) (1.2)
Adjustment (1.4) — — — (.4) (.3) (2.1)
Cash payments (16.4) — — — — (.8) (17.2)
Balance at December 31, 2003 $ 8.2 $ — $ — $ — $ — $ 1.1 $ 9.3
2002 Charges:
Provision $ 34.9 $ 2.0 $ — $ — $ 2.4 $ 4.3 $ 43.6
Non-cash write-offs — (2.0) — — — (1.3) (3.3)
Cash payments (4.1) — — — (1.4) (.8) (6.3)
Balance at December 31, 2002 30.8 — — — 1.0 2.2 34.0
Foreign exchange 3.9 — — — .1 .5 4.5
Adjustment (1.2) — — — (.5) (.1) (1.8)
Cash payments (21.8) — — — (.6) (1.1) (23.5)
Balance at December 31, 2003 $ 11.7 $ — $ — $ — $ — $ 1.5 $ 13.2
Notes to Consolidated Financial Statements
notes to statements
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