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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Avon Products Inc | NYSE:AVP | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 5.60 | 0 | 01:00:00 |
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Page(s)
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Report of Independent Registered Public Accounting Firm
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1
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Financial Statements
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Statements of Net Assets Available for Benefits
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2
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Statement of Changes in Net Assets Available for Benefits
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3
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Notes to Financial Statements
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4-13
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Supplemental Schedule*
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Schedule H, Line 4i - Schedule of Assets (Held at End of Year)
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14
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*Other schedules required by Section 2520.103-10 of the Department of Labor Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974 have been omitted because they are not applicable.
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(in thousands)
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2013
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2012
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||||||||||
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Assets
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|||||||
Investments (Notes 2, 3 and 4):
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||||||||||
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Avon Common Stock
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$
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58,313
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$
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63,478
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|||||
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Money Market Fund
|
334
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|
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198
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|||||||
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Northern Trust S&P 500 Index (common/collective trust)
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79,612
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51,438
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|||||||
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JP Morgan Fleming Stable Value Fund (common/collective trust)
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84,033
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95,236
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|||||||
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Mutual funds
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287,505
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260,544
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|||||||
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Total investments at fair value
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509,797
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470,894
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|||
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||||
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Notes receivable from participants
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6,149
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6,902
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|||||||
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Net assets available for benefits at fair value
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515,946
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477,796
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|||||||
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||||
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Adjustment from fair value to contract value for fully benefit-responsive
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|
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|||||||||
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investment contracts
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(214
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)
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(1,983
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)
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|||||
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||||
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Net assets available for benefits
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$
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515,732
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$
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475,813
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(in thousands)
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||||||||
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Additions:
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|||||||
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Investment income:
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||||||||
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Net appreciation in fair value of investments (Note 3)
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$
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79,569
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|||||
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Dividends
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11,900
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|||||
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Interest
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1,218
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Other income
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225
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||||||
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Total investment income
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92,912
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Interest income from notes receivable from participants
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280
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|||||||
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Contributions:
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Participant
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21,967
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Rollovers
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1,894
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Employer
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10,919
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|||||
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Total contributions
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34,780
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Total
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127,972
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Deductions:
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|||||||
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Benefits paid to participants
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87,387
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Administrative expenses
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666
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Total
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88,053
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Net increase in net assets available for benefits
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39,919
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Net assets available for benefits
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||||||||
Beginning of year
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475,813
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|||||||
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End of year
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$
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515,732
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1.
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Summary of Plan
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2.
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Summary of Significant Accounting Policies
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As of December 31, 2013
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|||||||||
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Major Credit Ratings
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Investments at Fair Value
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Adjustment to Contract Value
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Investments at Contract Value
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||||||
(in thousands)
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||||||||||
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||||||||||
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JPMorgan Intermediate Bond Fund
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$
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54,998
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$
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—
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$
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54,998
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JPMorgan Liquidity Fund
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1,581
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—
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1,581
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JP Morgan Stable Asset Income Fund
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AA
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27,431
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(1
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)
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27,430
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Wrapper -- State Street Bank
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AA-
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—
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(95
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)
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(95
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)
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Wrapper -- TransAmerica
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AA-
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23
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(118
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)
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(95
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)
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Totals
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$
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84,033
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$
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(214
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)
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$
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83,819
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|
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As of December 31, 2012
|
|||||||||
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Major Credit Ratings
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Investments at Fair Value
|
Adjustment to Contract Value
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Investments at Contract Value
|
||||||
(in thousands)
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||||||||||
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||||||||||
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JPMorgan Intermediate Bond Fund
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$
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87,833
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$
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—
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$
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87,833
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JPMCB Mortgage Private Placement Fund
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4,921
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—
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4,921
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JPMorgan Liquidity Fund
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2,454
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—
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2,454
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Wrapper -- IXIS Capital Markets
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A
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—
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(652
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)
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(652
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)
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Wrapper -- State Street Bank
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AA-
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—
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(652
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)
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(652
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)
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Wrapper -- Aegon
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AA-
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28
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(679
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)
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(651
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)
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Totals
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$
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95,236
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$
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(1,983
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)
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$
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93,253
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3.
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Investments
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(in thousands)
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2013
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|
2012
|
||||||||||
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JPMorgan Fleming Stable Value Fund*
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$
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83,819
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$
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93,253
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Northern Trust S&P 500 Index
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79,612
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51,438
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||||||||
T. Rowe Price Mid-Cap Fund
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61,377
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52,135
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Avon Common Stock
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58,313
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63,478
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||||||||
American Century Growth Fund
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43,032
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40,193
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American Funds European Growth Fund
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41,510
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28,936
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PIMCO Total Return Fund
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36,518
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46,336
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(in thousands)
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2013
|
||||||||
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Mutual funds
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$
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45,908
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||||||
Avon Common Stock
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15,972
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|||||||
Common/collective trusts
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17,689
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|||||||
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Net appreciation in fair value of investments
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|
|
$
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79,569
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(in thousands)
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As of December 31, 2013
|
|||||||||||
|
Level 1
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Level 2
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Level 3
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Total
|
||||||||
Assets:
|
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|
||||||||
Avon Common Stock
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$
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—
|
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$
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58,313
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$
|
—
|
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$
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58,313
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Money Market Fund
|
—
|
|
334
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—
|
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334
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|
||||
Northern Trust S&P 500 Index
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—
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79,612
|
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—
|
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79,612
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|
||||
JPMorgan Fleming Stable Value Fund
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—
|
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84,033
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—
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84,033
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|
||||
Mutual funds
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|
|
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|
||||||||
Growth Funds
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145,920
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—
|
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—
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145,920
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|
||||
Core Funds
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19,988
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—
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—
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19,988
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|
||||
Value Funds
|
25,294
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—
|
|
—
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|
25,294
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|
||||
Fixed Income Funds
|
36,518
|
|
—
|
|
—
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|
36,518
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|
||||
Target Date Funds
|
59,785
|
|
—
|
|
—
|
|
59,785
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|
||||
Totals
|
$
|
287,505
|
|
$
|
222,292
|
|
$
|
—
|
|
$
|
509,797
|
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(in thousands)
|
As of December 31, 2012
|
|||||||||||
|
Level 1
|
Level 2
|
Level 3
|
Total
|
||||||||
Assets:
|
|
|
|
|
||||||||
Avon Common Stock
|
$
|
—
|
|
$
|
63,478
|
|
$
|
—
|
|
$
|
63,478
|
|
Money Market Fund
|
—
|
|
198
|
|
—
|
|
198
|
|
||||
Northern Trust S&P 500 Index
|
—
|
|
51,438
|
|
—
|
|
51,438
|
|
||||
JPMorgan Fleming Stable Value Fund
|
—
|
|
95,236
|
|
—
|
|
95,236
|
|
||||
Mutual funds
|
|
|
|
|
||||||||
Growth Funds
|
121,265
|
|
—
|
|
—
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121,265
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|
||||
Core Funds
|
21,313
|
|
—
|
|
—
|
|
21,313
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|
||||
Value Funds
|
19,126
|
|
—
|
|
—
|
|
19,126
|
|
||||
Fixed Income Funds
|
46,336
|
|
—
|
|
—
|
|
46,336
|
|
||||
Target Date Funds
|
52,504
|
|
—
|
|
—
|
|
52,504
|
|
||||
Totals
|
$
|
260,544
|
|
$
|
210,350
|
|
$
|
—
|
|
$
|
470,894
|
|
|
As of December 31, 2013
|
|||||||
|
Fair Value
|
Unfunded Commitment
|
Redemption Frequency (If Currently Eligible)
|
Redemption Notice Period
|
||||
|
||||||||
(in thousands)
|
|
|
|
|
||||
|
|
|
|
|
||||
|
|
|
|
|
||||
JPMorgan Intermediate Bond Fund
|
$
|
54,998
|
|
—
|
|
Daily
|
1 Day
|
|
JPMorgan Stable Asset Income Fund
|
27,431
|
|
—
|
|
Daily
|
30 Days
|
||
JPMorgan Liquidity Fund
|
1,581
|
|
—
|
|
Daily
|
1 Day
|
||
Northern Trust S&P 500 Index
|
79,612
|
|
—
|
|
Daily
|
1 Day
|
||
Totals
|
$
|
163,622
|
|
$
|
—
|
|
|
|
|
|
|
|
|
||||
|
As of December 31, 2012
|
|||||||
|
Fair Value
|
Unfunded Commitment
|
Redemption Frequency (If Currently Eligible)
|
Redemption Notice Period
|
||||
|
||||||||
(in thousands)
|
|
|
|
|
||||
|
|
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|
||||
|
|
|
|
|
||||
JPMorgan Intermediate Bond Fund
|
$
|
87,833
|
|
—
|
|
Daily
|
1 Day
|
|
JPMCB Mortgage Private Placement Fund
|
4,921
|
|
—
|
|
Monthly
|
5 Days
|
||
JPMorgan Liquidity Fund
|
2,454
|
|
—
|
|
Daily
|
1 Day
|
||
Northern Trust S&P 500 Index
|
51,438
|
|
—
|
|
Daily
|
1 Day
|
||
Totals
|
$
|
146,646
|
|
$
|
—
|
|
|
|
5.
|
Plan Termination
|
6.
|
Tax Status
|
7.
|
Related Party Transactions
|
8.
|
Reconciliation of Financial Statements to Form 5500
|
(in thousands)
|
2013
|
|
2012
|
||||
|
|
|
|
||||
Net assets available for benefits at contract value per
|
|
|
|
||||
the financial statements
|
$
|
515,732
|
|
|
$
|
475,813
|
|
|
|
|
|
||||
Adjustment from fair value to contract value for fully
|
|
|
|
||||
benefit-responsive investment contracts
|
214
|
|
|
1,983
|
|
||
|
|
|
|
||||
Net assets per Form 5500
|
$
|
515,946
|
|
|
$
|
477,796
|
|
|
|
|
|
||||
Net increase in net assets available for benefits per
|
|
|
|
||||
the financial statements
|
$
|
39,919
|
|
|
|
||
|
|
|
|
||||
Adjustment of investment contracts to fair value
|
(1,769
|
)
|
|
|
|||
|
|
|
|
||||
Net income per Form 5500
|
$
|
38,150
|
|
|
|
|
|
|
|
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SIGNATURES
|
|
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The Plan.
Pursuant to the requirements of the Securities Exchange Act of 1934, trustees (or other persons who administer the Avon Personal Savings Account Plan) have duly caused this annual report to be signed on its behalf by the undersigned hereunto duly authorized.
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Avon Personal Savings Account Plan
|
||||
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(Name of Plan)
|
|
||
|
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|
|
Date: June 18, 2014
|
|
|
|
|
/s/ Shalabh Gupta
|
||||||
|
|
|
|
|
|
|
Shalabh Gupta
|
||||
|
|
|
|
|
|
|
Vice President & Treasurer
|
1 Year Avon Products Chart |
1 Month Avon Products Chart |
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