Avon 2015 Annual Report Download - page 87

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AVON PRODUCTS, INC.
CONSOLIDATED BALANCE SHEETS
(In millions, except per share data)
December 31 2015 2014
Assets
Current Assets
Cash, including cash equivalents of $123.2 and $440.3 $ 686.9 $ 936.4
Accounts receivable (less allowances of $86.7 and $106.9) 443.0 515.6
Inventories 624.0 707.7
Prepaid expenses and other 296.1 590.7
Current assets of discontinued operations 291.1 314.1
Total current assets 2,341.1 3,064.5
Property, plant and equipment, at cost
Land 32.2 37.8
Buildings and improvements 665.8 831.1
Equipment 797.7 999.0
1,495.7 1,867.9
Less accumulated depreciation (728.8) (831.1)
Property, plant and equipment, net 766.9 1,036.8
Goodwill 92.3 249.3
Other assets 499.1 1,034.3
Noncurrent assets of discontinued operations 180.1 211.9
Total assets $ 3,879.5 $ 5,596.8
Liabilities and Shareholders’ (Deficit) Equity
Current Liabilities
Debt maturing within one year $ 55.2 $ 121.7
Accounts payable 774.2 806.3
Accrued compensation 157.6 174.9
Other accrued liabilities 419.6 539.1
Sales and taxes other than income 174.9 160.8
Income taxes 23.9 36.8
Payable to discontinued operations 100.0 100.0
Current liabilities of discontinued operations 489.7 207.6
Total current liabilities 2,195.1 2,147.2
Long-term debt 2,159.6 2,428.7
Employee benefit plans 177.5 249.6
Long-term income taxes 65.1 75.2
Other liabilities 78.4 93.8
Noncurrent liabilities of discontinued operations 260.2 297.0
Total liabilities 4,935.9 5,291.5
Commitments and contingencies (Notes 13 and 15)
Shareholders’ (Deficit) Equity
Common stock, par value $.25 – authorized 1,500 shares; issued 751.4 and 750.3 shares 187.9 187.6
Additional paid-in capital 2,254.0 2,207.9
Retained earnings 2,448.1 3,702.9
Accumulated other comprehensive loss (1,366.2) (1,217.6)
Treasury stock, at cost (315.9 and 315.6 shares) (4,594.1) (4,591.0)
Total Avon shareholders’ (deficit) equity (1,070.3) 289.8
Noncontrolling interests 13.9 15.5
Total shareholders’ (deficit) equity (1,056.4) 305.3
Total liabilities and shareholders’ (deficit) equity $ 3,879.5 $ 5,596.8
The accompanying notes are an integral part of these statements.
A V O N 2015 F-5
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