Item 2.02 Results of Operations and Financial Condition.

On October 22, 2009, Avon Products, Inc. announced that during the third quarter of 2009 it incurred pre-tax costs of approximately $34 million, or $0.06 per share, associated with its restructuring programs previously announced in 2005 and 2009. These costs were primarily employee related and also included other costs to implement the restructuring initiatives, including accelerated depreciation of certain assets and related third party fees.

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