Avon 2003 Annual Report Download - page 82

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(8) For the year ended December 31, 2000, the Company recorded a charge of $6.7 million,
after tax, to reflect the adoption of Staff Accounting Bulletin (“SAB”) No. 101, “Revenue
Recognition in Financial Statements.” This charge is reflected as a cumulative effect of
an accounting change in the Consolidated Statements of Income.
(9) Effective January 1, 1994, Avon adopted FAS No. 112, “Employers’ Accounting for
Postemployment Benefits,” for all applicable operations, and FAS No. 106, “Employers’
Accounting for Postretirement Benefits Other Than Pensions,” for its foreign benefit
plans. Effective January 1, 1993, Avon adopted FAS No. 106 for its U.S. retiree health
care and life insurance benefit plans and FAS No. 109, “Accounting for Income Taxes.”
(10) Two-for-one stock splits were distributed in September 1998 and June 1996. All per
share data in this report, unless indicated, have been restated to reflect the splits.
(11) Effective for the year ended December 31, 1997, the Company adopted Statement of
Financial Accounting Standards (“FAS”) No. 128, “Earnings per Share.” FAS No. 128
establishes standards for computing and presenting earnings per share (“EPS”) and
replaces the presentation of previously disclosed EPS with both basic and diluted EPS.
Based upon the Company’s capitalization structure, the EPS amounts calculated in
accordance with FAS No. 128 approximated the Company’s EPS amounts in accor-
dance with Accounting Principles Board Opinion No. 15, “Earnings per Share.” All prior
period EPS data have been restated in accordance with FAS No. 128.
(12) For purposes of calculating diluted earnings per share for the years ended December 31,
2003, 2002, 2001 and 2000, after tax interest expense of $5.7, $10.4, $10.0 and $4.5,
respectively, applicable to Convertible Notes, has been added back to Net income.
(13) Avon’s calculation of full-time equivalents, or number of employees, was revised
in 1999. Restatements of prior year data are not available, and therefore, year-over-
year comparisons are not meaningful. Approximately 27% of Avon’s U.S. associates
are men. Men hold approximately 17% of all U.S. officer and manager positions, and
approximately 14% of all U.S. office and clerical positions.
1999 1998 1997 1996 1995 1994 1993
$ .72 $ .68 $ .63 $ .58 $ .53 $ .48 $ .43
———————
$ (375.0) $ 11.9 $ (11.9) $ (41.7) $ (30.3) $ 9.3 $ 23.1
200.2 189.5 169.4 103.6 72.7 99.9 58.1
732.1 669.9 611.0 566.6 537.8 528.4 476.2
2,512.8 2,433.5 2,272.9 2,222.4 2,052.8 1,978.3 1,918.7
306.0 55.3 132.1 97.1 47.3 61.2 70.4
701.4 201.0 102.2 104.5 114.2 116.5 123.7
1,007.4 256.3 234.3 201.6 161.5 177.7 194.1
(421.9) 285.1 285.0 241.7 192.7 185.6 314.0
9,700 8,000 8,100 7,800 8,000 7,900 8,000
30,800 25,900 26,900 25,900 23,800 22,500 21,500
40,500 33,900 35,000 33,700 31,800 30,400 29,500
101