Avon 2010 Annual Report Download - page 109
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Results of operations by quarter were impacted by the following:
2010 First Second Third Fourth Year
Costs to implement restructuring initiatives:
Cost of sales $ 2.5 $ 2.2 $ 2.2 $ 2.6 $ 9.5
Selling, general and administrative expenses 2.7 8.2 4.6 55.7 71.2
Total costs to implement restructuring initiatives $ 5.2 $10.4 $ 6.8 $58.3 $ 80.7
Venezuelan special items $39.4 $33.8 $ 7.4 $ .4 $ 81.0
2009 First Second Third Fourth Year
Costs to implement restructuring initiatives:
Cost of sales $ – $ .3 $ 3.3 $ 3.1 $ 6.7
Selling, general and administrative expenses 14.5 89.1 30.0 30.6 164.2
Total costs to implement restructuring initiatives $14.5 $89.4 $33.3 $33.8 $170.9
NOTE 20. Subsequent Events
On February 3, 2011, we announced an increase in our quarterly cash dividend to $.23 per share from $.22 per share, beginning with the
first-quarter dividend payable March 1, 2011, to shareholders of record on February 17, 2011. With this increase, the indicated annual
dividend rate is $.92 per share.
A V O N 2010 F-45