NEW YORK -(Dow Jones)- Avon Products Inc. (AVP: 32.08, -0.8, -2.43%) expects to absorb a one-time after-tax charge of $60 million, or 14 cents a share, in connection with the currency devaluation in Venezuela.

In a regulatory filing, the company said it had previously expected to take a charge of $50 million in the first quarter.