Prepaid expenses and other

497.9

424.6

113.4

88.8

Total current assets

1,143.2

1,123.7

Property, plant and equipment, net of accumulated depreciation of $385.5 and $304.7 as of December 31, 2017 and December 31, 2016, respectively

372.7

320.5

Deferred income taxes

138.0

149.7

Intangible assets, net of accumulated amortization of $130.9 and $84.8 as of December 31, 2017 and December 31, 2016, respectively

692.5

689.5

592.1

636.6

Other assets

118.4

103.5

Total assets

3,056.9

3,023.5

Current liabilities:

Short-term borrowings

12.4

10.8

Current portion of long-term debt

170.2

18.1

Accounts payable

336.9

296.9

Total current liabilities

412.8

382.9

932.3

708.7

Long-term pension and other post-retirement plan liabilities

2,653.7

2,663.1

172.8

184.1

Additional paid-in capital

68.5

82.4

Stockholders’ deficiency:

1,040.0

1,033.2

Treasury stock, at cost: 1,114,528 and 1,024,908 shares of Class A Common Stock as of December 31, 2017 and December 31, 2016, respectively

(21.7)

(19.2)

Accumulated deficit

(1,560.8)

(1,377.6)

Accumulated other comprehensive loss

(228.4)

(251.7)

Total stockholders’ deficiency

(770.4)

(614.8)

Total liabilities and stockholders’ deficiency

3,056.9

3,023.5

Class A Common Stock

Stockholders’ deficiency:

Class A Common Stock, par value $0.01 per share; 900,000,000 shares authorized; 54,556,100 and 53,956,073 shares issued as of December 31, 2017 and December 31, 2016, respectively

$ 0.5

[1]	Adjusted as a result of the adoption of certain accounting pronouncements as of December 31, 2017. See Note 1, "Description of Business and Summaryof Significant Accounting Policies - Recently Adopted Accounting Pronouncements," for details of these adjustments.

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Millions	Dec. 31, 2017	Dec. 31, 2016
Allowance for doubtful accounts on trade receivables	$ 13.5	$ 11.1
Accumulated depreciation on property, plant and equipment	385.5	304.7
Accumulated amortization on intangible assets	$ 130.9	$ 84.8
Class A Common Stock
Common Stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common Stock, authorized (in shares)	900,000,000	900,000,000
Common Stock, issued (in shares)	54,556,100	53,956,073
Treasury stock (in shares)	1,114,528	1,024,908

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE (LOSS) INCOME - USD ($)
$ in Millions

12 Months Ended

Dec. 31, 2017

Dec. 31, 2016

Dec. 31, 2015

Income Statement [Abstract]

Selling, general and administrative expenses

$ 2,693.7

$ 2,334.0

$ 1,914.3

Cost of sales

1,151.3

917.1

667.8

Gross profit

1,542.4

1,416.9

1,246.5

1,467.6

1,161.0

1,002.5

Restructuring charges and other, net

52.9

43.2

8.0

33.4

34.0

10.5

Amortization of debt issuance costs

10.8

23.4

^[1]

9.7

^[1]

Operating (loss) income

(22.3)

155.3

215.8

Other expenses:

Interest expense

149.8

105.2

83.3

9.1

6.8

^[1]

5.7

^[1]

Foreign currency (gains) losses, net

0.0

16.9

^[1]

0.0

^[1]

(18.5)

18.5

15.7

Miscellaneous, net

0.8

(0.6)

0.4

Other expenses

141.2

146.8

105.1

(Loss) income from continuing operations before income taxes

(163.5)

8.5

110.7

Provision for income taxes

21.8

25.5

51.4

(Loss) income from continuing operations, net of taxes

(185.3)

(17.0)

59.3

Income (loss) from discontinued operations, net of taxes

2.1

(4.9)

(3.2)

Foreign currency translation adjustments, net of tax

(183.2)

(21.9)

^[1]

56.1

^[1]

Other comprehensive income:

^[2]

9.0

(0.5)

(18.1)

Amortization of pension related costs, net of tax

^[3],[4]

8.1

7.6

7.2

Pension re-measurement, net of tax

^[5]

1.8

(14.3)

(6.9)

Pension settlement, net of tax

^[6]

0.0

17.3

Pension curtailment gain, net of tax

^[7]

2.1

0.0

Reclassification into earnings of accumulated losses from the de-designated 2013 Interest Rate Swap, net of tax

^[8]

2.3

0.0

Revaluation of derivative financial instruments, net of reclassifications into earnings, net of tax

^[9]

0.0

0.8

(1.6)

Other comprehensive income, net

^[10]

23.3

(6.4)

(2.1)

Total comprehensive (loss) income

$ (159.9)

$ (28.3)

$ 54.0

Basic (loss) earnings per common share:

$ (3.52)

$ (0.33)

$ 1.13

0.04

(0.09)

(0.06)

(3.48)

(0.42)

1.07

(3.52)

(0.33)

1.13

0.04

(0.09)

(0.06)

Weighted average number of common shares outstanding:

$ (3.48)

$ (0.42)

$ 1.07

Basic (in shares)

52,597,582

52,504,196

52,431,193

Diluted (in shares)

52,597,582

52,504,196

52,591,545

[1]	Adjusted as a result of the adoption of certain accounting pronouncements beginning on January 1, 2017. See Note 1, "Description of Business and Summaryof Significant Accounting Policies - Recently Adopted Accounting Pronouncements," for details of these adjustments.
[2]	Net of tax (benefit) expense of $(0.4) million, $1.1 million and $(5.1) million for 2017, 2016 and 2015, respectively.
[3]	Net of tax expense of $1.6 million for 2017, and $1.3 million for each of 2016 and 2015.
[4]	This amount is included in the computation of net periodic benefit (income) costs. See Note 14, "Pension and Post-Retirement Benefits," for additional information regarding net periodic benefit (income) costs.
[5]	Net of tax benefit of $0.3 million, $4.1 million and $3.3 million for 2017, 2016 and 2015, respectively.
[6]	of tax expense of $3.7 million for 2015.
[7]	Net of tax expense of $0.3 million for 2017.
[8]	Net of tax benefit of $1.4 million for 2017.
[9]	Net of tax expense (benefit) of $0.5 million and $(1.0) million for 2016 and 2015, respectively.
[10]	See Note 17, "Accumulated Other Comprehensive Loss," regarding the changes in the accumulated balances for each component of other comprehensive loss during 2017, 2016 and 2015.

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE (LOSS) INCOME (Parenthetical) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Income Statement [Abstract]
Foreign currency translation adjustments, tax expense (benefit)	$ (0.4)	$ 1.1	$ (5.1)
Amortization of pension related costs, tax expense (benefit)	1.6	1.3	1.3
Pension re-measurement, tax expense (benefit)	0.3	4.1	3.3
Pension settlement, tax expense (benefit)			3.7
Pension curtailment gain, tax expense (benefit)	0.3
Reclassification into earnings of accumulated losses from the de-designated 2013 Interest Rate Swap, tax expense (benefit)	(1.4)
Revaluation of derivative financial instruments, net of reclassifications into earnings, tax expense (benefit)	$ (1.4)	$ 0.5	$ (1.0)

CONSOLIDATED STATEMENT OF STOCKHOLDERS' DEFICIENCY - USD ($)
$ in Millions

3 Months Ended

12 Months Ended

Dec. 31, 2017

Mar. 31, 2017

Dec. 31, 2016

Mar. 31, 2016

Dec. 31, 2017

Dec. 31, 2016

Dec. 31, 2015

Increase (Decrease) in Stockholders' Equity [Roll Forward]

Treasury stock acquired, at cost

$ (614.8)

^[1]

$ (587.5)

$ (614.8)

^[1]

$ (587.5)

$ (644.1)

^[2]

(2.5)

(3.2)

(2.8)

Repurchase of common stock

^[3]

(2.7)

Stock-based compensation amortization

6.8

6.4

5.1

Excess tax benefits from stock-based compensation

0.5

0.3

Other comprehensive income (loss), net

$ (76.9)

(37.4)

$ (36.5)

11.0

(183.2)

(21.9)

^[4]

56.1

^[4]

^[5]

23.3

(6.4)

(2.1)

Increase (Decrease) in Stockholders' Equity [Roll Forward]

(770.4)

(614.8)

^[1]

(770.4)

(614.8)

^[1]

(587.5)

Common Stock

0.5

Additional Paid-In Capital

0.5

Increase (Decrease) in Stockholders' Equity [Roll Forward]

Stock-based compensation amortization

1,033.2

1,026.3

1,033.2

1,026.3

1,020.9

6.8

6.4

5.1

Excess tax benefits from stock-based compensation

0.5

0.3

Increase (Decrease) in Stockholders' Equity [Roll Forward]

1,040.0

1,033.2

1,040.0

1,033.2

1,026.3

Treasury Stock

Treasury stock acquired, at cost

(19.2)

(13.3)

(19.2)

(13.3)

(10.5)

^[2]

(2.5)

(3.2)

(2.8)

Repurchase of common stock

^[3]

(2.7)

Increase (Decrease) in Stockholders' Equity [Roll Forward]

(21.7)

(19.2)

(21.7)

(19.2)

(13.3)

Accumulated Deficit

(1,377.6)

(1,355.7)

(1,377.6)

(1,355.7)

(1,411.8)

(183.2)

(21.9)

56.1

Accumulated Other Comprehensive Loss

(1,560.8)

(1,377.6)

(1,560.8)

(1,377.6)

(1,355.7)

Increase (Decrease) in Stockholders' Equity [Roll Forward]

Other comprehensive income (loss), net

$ (251.7)

$ (245.3)

(251.7)

(245.3)

(243.2)

^[5]

23.3

(6.4)

(2.1)

$ (228.4)

$ (251.7)

$ (228.4)

$ (251.7)

$ (245.3)

[1]	Adjusted as a result of the adoption of certain accounting pronouncements as of December 31, 2017. See Note 1, "Description of Business and Summaryof Significant Accounting Policies - Recently Adopted Accounting Pronouncements," for details of these adjustments.
[2]	Pursuant to the share withholding provisions of the Fourth Amended and Restated Revlon, Inc. Stock Plan (the "Stock Plan"), the Company withheld an aggregate of 89,620, 92,092 and 82,740 shares of Revlon Class A Common Stock during 2017, 2016 and 2015, respectively, to satisfy certain minimum statutory tax withholding requirements related to the vesting of restricted shares for certain senior executives. These withheld shares were recorded as treasury stock using the cost method, at a weighted-average price per share of $27.67, $34.83 and $34.40, respectively, during 2017, 2016 and 2015, based on the closing price of Revlon Class A Common Stock as reported on the New York Stock Exchange (the "NYSE") consolidated tape on each respective vesting date, for a total of $2.5 million, $3.2 million and $2.8 million in 2017, 2016 and 2015, respectively. See Note 15, "Stock Compensation Plan," for details regarding restricted stock awards under the Stock Plan.
[3]	On April 21, 2016, in connection with his separation from the Company, the Company repurchased 72,895 shares of Revlon Class A Common Stock (representing vested shares of restricted stock) from Lorenzo Delpani, the Company's former President and Chief Executive Officer, at a price of $36.83 per share based upon the NYSE closing price of Revlon Class A Common Stock on April 20, 2016, for a total purchase price of $2.7 million.
[4]	Adjusted as a result of the adoption of certain accounting pronouncements beginning on January 1, 2017. See Note 1, "Description of Business and Summaryof Significant Accounting Policies - Recently Adopted Accounting Pronouncements," for details of these adjustments.
[5]	See Note 17, "Accumulated Other Comprehensive Loss," regarding the changes in the accumulated balances for each component of other comprehensive loss during 2017, 2016 and 2015.

CONSOLIDATED STATEMENT OF STOCKHOLDERS' DEFICIENCY (Parenthetical) - USD ($)
$ in Millions

12 Months Ended

Apr. 21, 2016

Dec. 31, 2017

Dec. 31, 2016

Dec. 31, 2015

89,620

92,092

82,740

Shares withheld for withholding taxes

$ 34.83

$ 2.5

$ 3.2

$ 2.8

^[1]

$ 2.7

Treasury Stock

89,620

92,092

82,740

Treasury Stock | Class A Common Stock

^[1]

$ 2.7

92,092

82,740

Shares repurchased (in shares)

$ 36.83

$ 27.67

$ 34.83

$ 34.40

72,895

CASH FLOWS FROM OPERATING ACTIVITIES:

$ 2.7

[1]

On April 21, 2016, in connection with his separation from the Company, the Company repurchased 72,895 shares of Revlon Class A Common Stock (representing vested shares of restricted stock) from Lorenzo Delpani, the Company's former President and Chief Executive Officer, at a price of $36.83 per share based upon the NYSE closing price of Revlon Class A Common Stock on April 20, 2016, for a total purchase price of $2.7 million.

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions

12 Months Ended

Dec. 31, 2017

Dec. 31, 2016

Dec. 31, 2015

Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities:

$ (183.2)

$ (21.9)

^[1]

$ 56.1

^[1]

Depreciation and amortization

155.8

123.2

^[1]

103.2

^[1]

Foreign currency (gains) losses from re-measurement

(22.5)

20.6

^[1]

19.5

^[1]

Amortization of debt discount

1.2

1.4

^[1]

1.4

^[1]

Stock-based compensation amortization

6.8

6.4

^[1]

5.1

^[1]

Provision for (benefit from) deferred income taxes

10.8

23.4

^[1]

9.7

^[1]

22.6

(6.2)

^[1]

28.3

^[1]

Amortization of debt issuance costs

0.0

16.9

^[1]

0.0

^[1]

9.1

6.8

^[1]

5.7

^[1]

Loss (gain) on sale of certain assets

1.6

0.4

^[1]

(6.4)

^[1]

Pension and other post-retirement cost (income)

1.5

(0.6)

^[1]

19.0

^[1]

Change in assets and liabilities, net of acquisitions:

Increase in trade receivables

(9.9)

(59.5)

^[1]

(18.5)

^[1]

(Increase) decrease in inventories

(63.0)

74.5

^[1]

(30.6)

^[1]

Increase in prepaid expenses and other current assets

(21.2)

(8.2)

^[1]

(13.4)

^[1]

Increase (decrease) in accounts payable

26.8

(12.6)

^[1]

34.9

^[1]

Increase in accrued expenses and other current liabilities

12.3

11.7

^[1]

10.1

^[1]

Pension and other post-retirement plan contributions

(8.5)

(8.3)

^[1]

(18.1)

^[1]

Purchases of permanent displays

(65.5)

(52.1)

^[1]

(47.4)

^[1]

Other, net

(14.0)

4.2

^[1]

(0.5)

^[1]

Net cash (used in) provided by operating activities

(139.3)

120.1

^[1]

158.1

^[1]

CASH FLOWS FROM INVESTING ACTIVITIES:

Capital expenditures

(108.3)

(59.3)

^[1]

(48.3)

^[1]

Business acquisition, net of acquired cash

0.0

(1,028.7)

^[1]

(41.7)

^[1]

Proceeds from the sale of certain assets

0.0

0.5

^[1]

6.2

^[1]

Net cash used in investing activities

(108.3)

(1,087.5)

^[1]

(83.8)

^[1]

Net increase (decrease) in short-term borrowings and overdraft

3.3

0.0

^[1]

23.0

^[1]

Payment of financing costs

(1.2)

(61.6)

^[1]

0.0

^[1]

Tax withholdings related to net share settlements of restricted stock units and awards

(2.5)

(3.2)

^[1]

(2.8)

^[1]

Treasury stock purchased

0.0

(2.7)

^[1]

0.0

^[1]

Other financing activities

(1.7)

(2.5)

^[1]

(3.7)

^[1]

Net cash provided by (used in) financing activities

136.9

829.9

^[1]

(14.9)

^[1]

Effect of exchange rate changes on cash and cash equivalents

11.3

(2.6)

^[1]

(7.8)

^[1]

Net (decrease) increase in cash, cash equivalents and restricted cash

(99.4)

(140.1)

^[1]

51.6

^[1]

Cash, cash equivalents and restricted cash at beginning of period

^[1]

186.8

326.9

275.3

Cash, cash equivalents and restricted cash at end of period

87.4

186.8

^[1]

326.9

^[1]

Cash paid during the period for:

Interest

149.1

91.7

^[1]

79.9

^[1]

Income taxes, net of refunds

0.4

21.9

^[1]

25.4

^[1]

Credit Facility

Net borrowings under the 2016 Revolving Credit Facility

157.0

0.0

^[1]

2016 Term Loan

Net borrowings under the 2016 Revolving Credit Facility

0.0

1,791.0

^[1]

0.0

^[1]

Repayments under the 2016 Term Loan Facility

(18.0)

(4.5)

Acquisition Term Loan [Member]

Repayments of debt

0.0

(15.1)

^[1]

(19.3)

^[1]

Early repayment of debt

0.0

(658.6)

^[1]

0.0

^[1]

2011 Term Loan [Member]

Repayments of debt

0.0

(11.5)

^[1]

(12.1)

^[1]

Early repayment of debt

0.0

(651.4)

^[1]

0.0

^[1]

Proceeds from the issuance of 6.25% Senior Notes

$ 0.0

$ 450.0

^[1]

$ 0.0

^[1]

[1]	Adjusted as a result of the adoption of certain accounting pronouncements beginning on January 1, 2017. See Note 1, "Description of Business and Summaryof Significant Accounting Policies - Recently Adopted Accounting Pronouncements," for details of these adjustments.

DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

12 Months Ended

Dec. 31, 2017

Organization, Consolidation and Presentation of Financial Statements [Abstract]

DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Revlon, Inc. ("Revlon" and together with its subsidiaries, the "Company") conducts its business exclusively through its direct wholly-owned operating subsidiary, Revlon Consumer Products Corporation ("Products Corporation"), and its subsidiaries. Revlon is an indirect majority-owned subsidiary of MacAndrews & Forbes Incorporated (together with certain of its affiliates other than the Company, "MacAndrews & Forbes"), a corporation wholly-owned by Ronald O. Perelman.

The Company is a leading global beauty company with an iconic portfolio of brands. The Company develops, manufactures, markets, distributes and sells an extensive array of color cosmetics, hair color, hair care and hair treatments, fragrances, skin care, beauty tools, men’s grooming products, anti-perspirant deodorants and other beauty care products across a variety of distribution channels. The Company is building a combined organization that is entrepreneurial, agile and boldly creative, with a passion for beauty. The Company has strategic brand builders developing a diverse portfolio of iconic brands that delight consumers around the world wherever and however they shop for beauty. The Company strives to be an ethical company that values inclusive leadership and is committed to sustainable and responsible growth.

The Company operates in four reporting segments: the consumer division ("Consumer"); Elizabeth Arden; the professional division ("Professional"); and Other. The Company’s principal customers for its products in the Consumer segment include large volume retailers, chain drug and food stores, chemist shops, hypermarkets, general merchandise stores, e-commerce sites, television shopping, department stores, one-stop shopping beauty retailers, specialty cosmetics stores and perfumeries in the U.S. and internationally. The Company's principal customers for its products in the Elizabeth Arden segment include prestige retailers, the mass retail channel, perfumeries, boutiques, department and specialty stores, e-commerce sites and travel retailers and distributors, as well as direct sales to consumers via Elizabeth Arden branded retail stores and e-commerce business. Elizabeth Arden products are also sold through the Elizabeth Arden Red Door Spa beauty salons and spas. The Company's principal customers for its products in the Professional segment include hair and nail salons and distributors to professional salons in the U.S. and internationally. The Other segment primarily includes the operating results related to the development, marketing and distribution of certain licensed fragrances and other beauty products.

Unless the context otherwise requires, all references to the Company mean Revlon and its subsidiaries. Revlon as a public holding company, has no business operations of its own and owns, as its only material asset, all of the outstanding capital stock of Products Corporation. As such, its net income/(loss) has historically consisted predominantly of the net income/(loss) of Products Corporation, and in 2017, 2016 and 2015 included $6.6 million, $9.4 million and $9.0 million, respectively, in expenses incidental to being a public holding company.

The accompanying Consolidated Financial Statements include the Company's accounts after the elimination of all material intercompany balances and transactions. Certain prior year amounts have been reclassified to conform to the current year presentation.

The preparation of the Company's Consolidated Financial Statements in conformity with U.S. generally accepted accounting principles ("U.S. GAAP") requires management to make estimates and assumptions that affect amounts of assets and liabilities and disclosures of contingent assets and liabilities as of the date of the financial statements and reported amounts of revenues and expenses during the periods presented. Actual results could differ from these estimates. Estimates and assumptions are reviewed periodically and the effects of revisions are reflected in the Consolidated Financial Statements in the period they are determined to be necessary. Significant estimates made in the accompanying Consolidated Financial Statements include, but are not limited to, allowances for doubtful accounts, inventory valuation reserves, expected sales returns and allowances, trade support costs, certain assumptions related to the valuation of acquired intangible and long-lived assets and the recoverability of goodwill, intangible and long-lived assets, income taxes, including deferred tax valuation allowances and reserves for estimated tax liabilities, restructuring costs, certain estimates and assumptions used in the calculation of the net periodic benefit (income) costs and the projected benefit obligations for the Company’s pension and other post-retirement plans, including the expected long-term return on pension plan assets and the discount rate used to value the Company’s pension benefit obligations.

Discontinued Operations Presentation

As a result of the Company's decision on December 30, 2013 to exit its direct manufacturing, warehousing and sales business operations in mainland China within the Consumer segment, the Company has reported the results of its former China operations within income (loss) from discontinued operations, net of taxes in the Company's Consolidated Statements of Operations and Comprehensive (Loss) Income for all periods presented. See Note 4, "Discontinued Operations," for further discussion.

Cash, Cash Equivalents and Restricted Cash

Cash equivalents are primarily investments in high-quality, short-term money market instruments with original maturities of three months or less and are carried at cost, which approximates fair value. Cash equivalents were $2.0 million and $2.5 million as of December 31, 2017 and 2016, respectively. Accounts payable include $21.8 million and $19.3 million of outstanding checks not yet presented for payment at December 31, 2017 and 2016, respectively. The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the statements of financial position that sum to the total of the same such amounts shown in the statements of cash flows:



	December 31,
	2017		2016		2015

Cash and cash equivalents	$	87.1	$	186.4	$	326.9
Restricted cash^(a)	0.3		0.4		—
Total cash, cash equivalents and restricted cash	$	87.4	$	186.8	$	326.9

^(a)Amounts included in restricted cash represent cash on deposit to support the Company's letters of credit and is included within other assets in the Company's consolidated balance sheets.

Trade Receivables

Trade receivables represent payments due to the Company for previously recognized net sales, reduced by an allowance for doubtful accounts for balances which are estimated to be uncollectible at period end. The Company grants credit terms in the normal course of business to its customers. Trade credit is extended based upon periodically updated evaluations of each customer's ability to perform its payment obligations. The Company does not normally require collateral or other security to support credit sales. The allowance for doubtful accounts is determined based on historical experience and ongoing evaluations of the Company's receivables and assessments of the risks of payment. The allowance for doubtful accounts is recorded against trade receivable balances when they are deemed uncollectible. Recoveries of trade receivables previously reserved are recorded in the consolidated statements of operations and comprehensive (loss) income when received. At December 31, 2017 and 2016, the Company's three largest customers accounted for an aggregate of approximately 31% and 27%, respectively, of the Company's outstanding trade receivables.

Inventories

Inventories are stated at the lower of cost or net realizable value. Cost is based on standard cost and production variances, which approximates actual cost on the first-in, first-out method. Cost components include direct materials, direct labor and direct overhead, as well as in-bound freight. The Company records adjustments to the value of its inventory based upon its forecasted plans to sell products included in inventory, as well as planned product discontinuances. The physical condition (e.g., age and quality) of the inventories is also considered in establishing its valuation. These adjustments are estimates, which could vary significantly, either favorably or unfavorably, from the amounts that the Company may ultimately realize upon the disposition of inventories if future economic conditions, customer inventory levels, product discontinuances, sales return levels or competitive conditions differ from the Company's estimates and expectations.

Property, Plant and Equipment and Other Assets

Property, plant and equipment is recorded at cost and is depreciated on a straight-line basis over the estimated useful lives of such assets as follows: land improvements, 20 to 30 years; buildings and improvements, 5 to 50 years; machinery and equipment, 3 to 15 years; counters and trade fixtures, 3 to 5 years; office furniture and fixtures, 3 to 15 years; and capitalized software, 2 to 10 years. Leasehold improvements and building improvements are amortized over their estimated useful lives or over the terms of the leases or remaining life of the original structure, whichever is shorter. Repairs and maintenance are charged to the statement of operations as incurred, and expenditures for additions and improvements are capitalized. Counters and trade fixtures are amortized over their estimated useful life of the in-store counter and display related assets. The estimated useful life may be subject to change based upon declines in net sales and/or changes in merchandising programs. See Note 7, "Property, Plant and Equipment," for further discussion.

Included in other assets are permanent wall displays amounting to $84.8 million and $64.1 million as of December 31, 2017 and 2016, respectively, which are amortized generally over a period of 1 to 3 years. In the event of product discontinuances, from time-to-time, the Company may accelerate the amortization of related permanent wall displays based on the estimated remaining useful life of the asset. Amortization expense for permanent wall displays was $55.4 million, $47.8 million and $41.3 million for 2017, 2016 and 2015, respectively.

The Company capitalizes deferred financing costs related to the issuance of its revolving credit facilities, which costs were $5 million and $6 million as of December 31, 2017 and 2016, respectively, and amortizes such costs over the terms of the related debt instruments using the effective-interest method.

Long-lived assets, such as property, plant and equipment, are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset or asset group may not be recoverable. If events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable, the Company estimates the undiscounted future cash flows (excluding interest) resulting from the use of the asset and its ultimate disposition. If the sum of the undiscounted cash flows (excluding interest) is less than the carrying value, the Company recognizes an impairment loss, measured as the amount by which the carrying value exceeds the fair value of the asset. There were no significant impairment charges to long-lived assets during the years ended December 31, 2017, 2016 and 2015.

Goodwill

Goodwill represents the excess purchase price for businesses acquired over the fair value of net assets acquired. Goodwill is not amortized, but rather is reviewed annually for impairment at the reporting unit level using October 1^st carrying values, or when there is evidence that events or changes in circumstances indicate that the Company’s carrying amount may not be recovered.

For 2017, in assessing whether goodwill was impaired in connection with its annual impairment test performed during the fourth quarter of 2017 using October 1^st, 2017 carrying values, the Company performed qualitative assessments to determine whether it would be necessary to perform the two-step process, as prescribed by Accounting Standard Codification ("ASC") 350, Intangibles - Goodwill and Other, to assess the Company's indefinite-lived intangible assets for indicators of impairment. In performing the qualitative assessments, the Company considered the results of the step one test performed in 2016 and the financial performance of the (i) Revlon, Almay and Other; (ii) Elizabeth Arden; and (iii) Professional reporting units. Based upon such assessment, the Company determined that it was more likely than not that the fair values of these reporting units exceeded their carrying amounts for 2017.

However, for 2017, the Company determined that it would utilize the two-step process to test the Global Color Brands ("GCB") reporting unit for impairment. In the first step of this test, the Company compared the fair value of the GCB reporting unit, determined based upon its discounted estimated future cash flows, to its carrying amount, including goodwill. The results of the step one test indicated that impairment indicators existed for the GCB reporting unit due to continued net sales declines for both the SinfulColors and the Pure Ice brands and lower promotional activity for the Pure Ice brand.

In the second step, the Company measured the potential impairment of the GCB reporting unit by comparing the implied fair value with the carrying amount of its goodwill at October 1, 2017. The implied fair value of the GCB reporting unit's goodwill was determined in the same manner as the amount of goodwill recognized in a business combination, where the estimated fair value of the GCB reporting unit was allocated to all of the assets and liabilities of that reporting unit (including both recognized and unrecognized intangible assets) as if GCB had been acquired in a business combination and the estimated fair value of the GCB reporting unit was the purchase price paid. When the carrying amount of a reporting unit's goodwill is greater than the implied fair value of its goodwill, an impairment loss is recognized. The Company determined the fair value of the GCB reporting unit using discounted estimated future cash flows. The weighted-average cost of capital used in testing the reporting unit for impairment was 12% with a perpetual growth rate of 2%. As a result of this annual impairment test, the Company recognized an aggregate $10.8 million non-cash goodwill impairment charge related to the GCB reporting unit in the fourth quarter of 2017. Following the recognition of this non-cash goodwill impairment charge, the GCB reporting unit had $14.8 million in remaining goodwill as of December 31, 2017.

For 2016, the Company utilized the two-step process in assessing whether goodwill was impaired for each of the Company's then-existing four reporting units, namely (i) Revlon, Almay and Other; (ii) GCB; (iii) Professional; and (iv) Other (comprised of the CBB business). As a result of the annual impairment testing for 2016, the Company recognized a $16.7 million non-cash goodwill impairment charge related to the Other reporting unit in the fourth quarter of 2016.

For 2015, the Company utilized the two-step process in assessing whether goodwill was impaired for each of the Company's four reporting units. As a result of the 2015 annual impairment test, the Company recognized a $9.7 million non-cash goodwill impairment charge related to the GCB reporting unit in the fourth quarter of 2015.

See Note 2, "Business Combinations," and Note 8, "Goodwill and Intangible Assets, Net," for further discussion of the Company's goodwill and annual impairment test.

Intangible Assets, net

Intangible Assets, net, include trade names and trademarks, customer relationships, patents and internally developed intellectual property ("IP") and acquired licenses. Indefinite-lived intangible assets, consisting of certain trade names, are not amortized, but rather are tested for impairment annually during the fourth quarter using October 1^st carrying values, similar to goodwill, and the Company recognizes an impairment if the carrying amount of its intangible assets exceeds its fair value. Intangible assets with finite useful lives are amortized over their respective estimated useful lives to their estimated residual values. The Company writes off the gross carrying amount and accumulated amortization for intangible assets in the year in which the asset becomes fully amortized. Finite-lived intangible assets are considered for impairment upon the occurrence of certain "triggering events" and the Company recognizes an impairment if the carrying amount of the long-lived asset group exceeds the Company's estimate of the asset group's undiscounted future cash flows. No impairment was recognized related to the carrying value of any of the Company's finite or indefinite-lived intangible assets as a result of the annual impairment test for the years ended December 31, 2017 and 2015.

As a result of the 2016 annual impairment tests (described above), the Company also recognized a $6.7 million non-cash intangible assets impairment charge in the fourth quarter of 2016 related to the Other reporting unit.

See Note 2, "Business Combinations," and Note 8, "Goodwill and Intangible Assets, Net," for further discussion of the Company's intangible assets, including a summary of finite-lived and indefinite-lived intangible assets.

Revenue Recognition and Sales Returns

The Company's policy is to recognize revenue when persuasive evidence of an arrangement exists, delivery has occurred, the sales price is fixed or determinable and collection is probable. The Company records revenue from the sale of its products when risk of loss and title to the products transfers to the customer. Net sales are comprised of gross revenues less expected product returns, trade discounts and customer allowances, which include costs associated with off-invoice mark-downs and other price reductions, as well as trade promotions and coupons. These incentive costs are recognized at the later of the date on which the Company recognizes the related revenue or the date on which the Company offers the incentive.

The Company allows customers to return their unsold products if and when they meet certain Company-established criteria as set forth in the Company's trade terms. The Company regularly reviews and revises, when deemed necessary, its estimates of sales returns based primarily upon the historical rate of actual product returns, planned product discontinuances, new product launches and estimates of customer inventory and promotional sales. The Company records sales returns as a reduction to sales and cost of sales, and an increase to accrued liabilities and inventories. Returned products, which are recorded as inventories, are valued based upon the amount that the Company expects to realize upon their subsequent disposition. The physical condition and marketability of the returned products are the major factors considered by the Company in estimating their realizable value.

Revenues derived from licensing arrangements, including any pre-payments, are recognized in the period in which they are earned, but not before the initial license term commences.

Cost of Sales

Cost of sales includes all of the costs to manufacture the Company's products. For products manufactured in the Company's own facilities, such costs include raw materials and supplies, direct labor and factory overhead. For products manufactured for the Company by third-party contractors, such cost represents the amounts invoiced by the contractors. Cost of sales also includes the cost of refurbishing products returned by customers that will be offered for resale and the cost of inventory write-downs associated with adjustments of held inventories to their net realizable value. These costs are reflected in the Company’s consolidated statements of operations and comprehensive (loss) income when the product is sold and net sales revenues are recognized or, in the case of inventory write-downs, when circumstances indicate that the carrying value of inventories is in excess of their recoverable value. Additionally, cost of sales reflects the costs associated with any free products included as sales and promotional incentives. These incentive costs are recognized on the later of the date that the Company recognizes the related revenue or the date on which the Company offers the incentive.

Selling, General and Administrative Expenses

Selling, general and administrative ("SG&A") expenses include expenses to advertise the Company's products, such as television advertising production costs and air-time costs, print advertising costs, digital marketing costs, promotional displays and consumer promotions. SG&A expenses also include the amortization of permanent wall displays and finite-lived intangible assets, depreciation of certain fixed assets, distribution costs (such as freight and handling), non-manufacturing overhead (principally personnel and related expenses), selling and trade educations fees, insurance and professional service fees.

Advertising

Advertising within SG&A expenses includes television, print, digital marketing and other advertising production costs that are expensed the first time the advertising takes place. The costs of promotional displays are expensed in the period in which they are shipped to customers. Advertising expenses were $550.0 million, $421.1 million and $368.7 million for 2017, 2016 and 2015, respectively, and were included in SG&A expenses in the Company's consolidated statements of operations and comprehensive (loss) income. The Company also has various arrangements with customers pursuant to its trade terms to reimburse them for a portion of their advertising costs, which provide advertising benefits to the Company. Additionally, from time-to-time, the Company may pay fees to customers in order to expand or maintain shelf space for its products. The costs that the Company incurs for "cooperative" advertising programs, end cap placement, shelf placement costs, slotting fees and marketing development funds, if any, are expensed as incurred and are recorded as a reduction within net sales.

Distribution Costs

Costs associated with product distribution, such as freight and handling costs, are recorded within SG&A expenses when incurred. Distribution costs were $131.1 million, $98.4 million and $80.2 million for 2017, 2016 and 2015, respectively.

Income Taxes

Income taxes are calculated using the asset and liability method. Under this method, the Company recognizes deferred tax assets and liabilities for the estimated future tax consequences attributable to differences between the financial statement carrying amounts of assets and liabilities and their respective tax bases, as well as for operating loss and tax credit carryforwards. The Company measures deferred tax assets and liabilities using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The Company recognizes the effect of a change in income tax rates on deferred tax assets and liabilities in income in the period that includes the enactment date. The Company records valuation allowances to reduce deferred tax assets when management determines that it was more likely than not that a tax benefit will not be realized.

The Company recognizes a tax position in its financial statements when management determines that it was more likely than not that the position will be sustained upon examination, based on the merits of such position. The Company recognizes liabilities for unrecognized tax positions in the U.S. and other tax jurisdictions based on an estimate of whether and the extent to which additional taxes will be due. If payment of these amounts is ultimately not required, the reversal of the liabilities would result in additional tax benefits recognized in the period in which the Company determines that the liabilities are no longer required. If the estimate of tax liabilities is ultimately less than the final assessment, this will result in a further charge to expense. The Company recognizes interest and penalties related to income tax matters in income tax expense. See Note 16, "Income Taxes," to the Consolidated Financial Statements in this Form 10-K for discussion of the Tax Act (as hereinafter defined).

Research and Development

Research and development expenditures are expensed as incurred and included within SG&A expenses. The amounts charged in 2017, 2016 and 2015 for research and development expenditures were $35.7 million, $37 million and $31.2 million, respectively.

Foreign Currency Translation

Assets and liabilities of foreign operations, whose functional currency is the local currency, are translated into U.S. Dollars at the rates of exchange in effect at the balance sheet date. Income and expense items are translated at the weighted-average exchange rates prevailing during each period presented. Gains and losses resulting from foreign currency transactions are included in the results of operations. Gains and losses resulting from translation of financial statements of foreign subsidiaries and branches operating in non-hyperinflationary economies are recorded as a component of accumulated other comprehensive loss until either the sale or upon the complete or substantially complete liquidation by the Company of its investment in a foreign entity. To the extent that foreign subsidiaries and branches operate in hyperinflationary economies, non-monetary assets and liabilities are translated at historical rates and translation adjustments are included in the Company's results of operations.

Basic and Diluted Earnings per Common Share and Classes of Stock

Shares used in basic earnings per share are computed using the weighted-average number of common shares outstanding during each period. Shares used in diluted earnings per share include the dilutive effect of unvested restricted shares under the stock plan using the treasury stock method. (See Note 20, "Basic and Diluted Earnings (Loss) Per Common Share").

Stock-Based Compensation

The Company recognizes stock-based compensation costs for its restricted stock and restricted stock units, measured at the fair value of each award at the time of grant, as an expense over the period during which an employee is required to provide service. Upon the vesting of restricted stock, any resulting tax benefits are recognized in the consolidated statements of operations and comprehensive (loss) income as the awards vest or are settled. The Company reflects such excess tax benefits as cash flows from financing activities in the consolidated statements of cash flows.

Derivative Financial Instruments

The Company is exposed to certain risks relating to its ongoing business operations. The Company uses derivative financial instruments, including: (i) foreign currency forward exchange contracts ("FX Contracts") intended for the purpose of managing foreign currency exchange risk by reducing the effects of fluctuations in foreign currency exchange rates on the Company’s net cash flows; and (ii) interest rate hedging transactions intended for the purpose of managing interest rate risk associated with Products Corporation’s variable rate indebtedness.

Foreign Currency Forward Exchange Contracts

Products Corporation enters into FX Contracts primarily to hedge the anticipated net cash flows resulting from inventory purchases and intercompany payments denominated in currencies other than the local currencies of the Company’s foreign and domestic operations and generally have maturities of less than one year. The Company does not apply hedge accounting to its FX Contracts. The Company records FX Contracts in its consolidated balance sheet at fair value and immediately recognizes changes in fair value in earnings. Fair value of the Company’s FX Contracts is determined by using observable market transactions of spot and forward rates. See Note 13, "Financial Instruments," for further discussion of the Company's FX Contracts.

Interest Rate Swap

As a result of the Company completing several debt transactions in connection with the September 7, 2016 acquisition of Elizabeth Arden, Inc. ("Elizabeth Arden," the "Elizabeth Arden Acquisition" and the "Elizabeth Arden Acquisition Date," respectively), the critical terms of the 2013 Interest Rate Swap (as hereinafter defined) no longer matched the terms of the underlying debt and the 2013 Interest Rate Swap was determined to no longer be highly effective. Accordingly, the Company discontinued hedge accounting for the 2013 Interest Rate Swap during the third quarter of 2016. Following the de-designation of the 2013 Interest Rate Swap, changes in the fair value of the 2013 Interest Rate Swap have been accounted for as a component of other non-operating expenses. Accumulated deferred losses on the 2013 Interest Rate Swap of $1.2 million, or $0.7 million net of tax, at December 31, 2017 that were previously recorded as a component of accumulated other comprehensive loss will be amortized into earnings over the remaining term of the 2013 Interest Rate Swap, which expires in May 2018. See Note 13, "Financial Instruments," for further discussion of the Company's 2013 Interest Rate Swap. Refer to Note 11, "Long-Term Debt," for further details related to financing the Elizabeth Arden Acquisition and related debt restructuring transactions.

Recently Adopted Accounting Pronouncements

In August 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standard Update ("ASU") No. 2014-15, "Disclosure of Uncertainties about and Entity's Ability to Continue as a Going Concern," which requires an entity to evaluate whether conditions or events, in the aggregate, raise substantial doubt about the entity's ability to continue as a going concern for one year from the date the financial statements are issued or are available to be issued. The Company adopted ASU 2014-15 on January 1, 2017 and the adoption of this guidance did not have a material impact on the Company's financial statement disclosures.

In March 2016, the FASB issued ASU No. 2016-09, "Improvements to Employee Share-Based Payment Accounting," which simplifies certain aspects of accounting for share-based payment transactions, including transactions in which an employee uses shares to satisfy the employer’s minimum statutory income tax withholding obligations, forfeitures and income taxes when awards vest or are settled. The Company adopted ASU No. 2016-09 beginning on January 1, 2017 and the adoption of this guidance did not have a material impact on the Company’s results of operations, financial condition and/or financial statement disclosures. The adoption of ASU No. 2016-09 resulted in tax withholdings related to net share settlements of restricted stock units and awards in the amount of $3.2 million and $2.8 million for 2016 and 2015, respectively, previously reported in the Consolidated Statement of Cash Flows as a component of cash flows from operating activities, to be reclassified as a component of cash flows from financing activities.

In July 2015, the FASB issued ASU No. 2015-11, "Inventory (Topic 330): Simplifying the Measurement of Inventory," which simplifies the subsequent measurement of inventories by requiring inventory to be measured at the lower of cost or net realizable value, rather than at the lower of cost or market. Net realizable value is defined as the estimated selling price in the ordinary course of business, less reasonably predictable costs of completion, disposal and transportation. The Company adopted ASU No. 2015-11 beginning on January 1, 2017 and the adoption of this new guidance did not have a material impact on the Company’s results of operations, financial condition and/or financial statement disclosures.

In November 2016, the FASB issued ASU No. 2016-18, "Statement of Cash Flows (Topic 230): Restricted Cash," which provides specific guidance on the presentation of changes in restricted cash and restricted cash equivalents on the statement of cash flows. Under the new standard, the changes in restricted cash and restricted cash equivalents are required to be disclosed in reconciling the opening and closing balances on the statement of cash flows. The Company adopted ASU No. 2016-18 during the fourth quarter of 2017 and the adoption of this new guidance did not have a material impact on the Company’s results of operations, financial condition and/or financial statement disclosures, other than requiring the Company to reconcile its cash balances from its statements of financial position to its statements of cash flows and including restricted cash within the beginning and ending balances of cash within the Company's statement of cash flow.

Recently Issued Accounting Pronouncements

In February 2018, the FASB issued ASU No. 2018-02, "Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income," which will permit entities to reclassify tax effects stranded in accumulated other comprehensive income as a result of tax reform to retained earnings. This new guidance can be applied retrospectively and provides entities with the option to reclassify the amounts. The new guidance is effective for annual and quarterly periods beginning after December 15, 2018, with early adoption permitted, and requires entities to make new disclosures regardless of whether they elect to reclassify tax effects. The Company is in the process of evaluating the impact that this new guidance is expected to have on its financial statements and/or financial statement disclosures.

In March 2017, the FASB issued ASU No. 2017-07, "Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost," which changes the way that employers present net periodic pension cost ("NPPC") and net periodic postretirement benefit cost ("NPPBC") within the income statement. The amendment requires an employer to present the service cost component of NPPC and NPPBC in the same income statement line item(s) as other employee compensation costs arising from services rendered during the period. The other components of NPPC and NPPBC would be presented separately from this line item and below any subtotal of operating income; companies will need to disclose the line items used to present these other components of NPPC and NPPBC, if not separately presented in the statement of operations. In addition, only the service cost component would be eligible for capitalization in assets. This guidance is effective retrospectively for annual and quarterly periods beginning after December 15, 2017, with early adoption permitted. The Company adopted ASU No. 2017-07 beginning as of January 1, 2018, and the Company expects that substantially all of the 2018 projected cost of approximately $9.0 million will be presented below operating income in the Company's 2018 Statement of Operations and Comprehensive (Loss) Income.

In January 2017, the FASB issued ASU No. 2017-04, "Simplifying the Test for Goodwill Impairment," which simplifies the annual goodwill impairment analysis test by eliminating Step 2 of the current two-step impairment test. Under the new guidance, an entity would continue to perform the first step of the annual impairment test by comparing the carrying amount of a reporting unit with its fair value. If the carrying value of the reporting unit exceeds the fair value of the reporting unit, the goodwill impairment charge would be equal to the amount of such difference. This guidance is effective for annual periods beginning after December 15, 2019, with early adoption permitted. The Company expects to adopt ASU No. 2017-04 beginning as of January 1, 2020 and is in the process of assessing the impact that this new guidance is expected to have on the Company’s results of operations, financial condition and/or financial statement disclosures.

In January 2017, the FASB issued ASU No. 2017-01, "Clarifying the Definition of a Business," which further clarifies the definition of a business in an effort to assist entities in evaluating whether a set of transferred assets constitutes a business. Under this new guidance, if substantially all of the fair value of gross assets acquired is concentrated in a single asset or similar asset group, the set of transferred assets would not meet the definition of a business and no further evaluation is necessary. If this threshold is not met, the entity would then evaluate whether the set of transferred assets and activities meets the requirement that a business include, at a minimum, an input and a process that together have the ability to create an output. This guidance is effective for annual and quarterly periods beginning after December 15, 2017, with early adoption permitted. The Company expects to adopt ASU No. 2017-01 beginning as of January 1, 2018 and expects that this new guidance will not have an impact on the Company’s results of operations, financial condition and/or financial statement disclosures.

In August 2016, the FASB issued ASU No. 2016-15, "Classification of Certain Receipts and Cash Payments," which aims to standardize how certain transactions are classified within the Statement of Cash Flows, including, among other issues, debt prepayment and extinguishment costs and contingent consideration payments made after a business combination. This guidance is effective for annual periods beginning after December 15, 2017, with early adoption permitted. The Company will adopt ASU No. 2016-15 beginning as of January 1, 2018 and is in the process of assessing the impact that this new guidance is expected to have on the Company’s results of operations, financial condition and/or financial statement disclosures.

In February 2016, the FASB issued ASU No. 2016-02, "Leases (Topic 842)," which requires lessees to recognize a right-of-use asset and a liability on the balance sheet for all leases, with the exception of short-term leases. The lease liability will be equal to the present value of lease payments and the right-of-use asset will be based on the lease liability, subject to adjustment such as for initial direct costs. Leases will continue to be classified as either operating or finance leases in the income statement. This guidance is effective for annual periods beginning after December 15, 2018, with early adoption permitted. The Company will adopt ASU No. 2016-02 beginning as of January 1, 2019 and is in the process of assessing the impact that this new guidance is expected to have on the Company’s results of operations, financial condition and/or financial statement disclosures.

In May 2014, the FASB issued ASU No. 2014-09, "Revenue from Contracts with Customers." This new standard will replace most existing revenue recognition guidance in U.S. GAAP when it becomes effective. The underlying principle of this new standard is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration for which the entity expects to be entitled in exchange for those goods or services. Entities may adopt this new standard either retrospectively for all periods presented in the financial statements (i.e., the full retrospective method) or as a cumulative-effect adjustment as of the date of adoption (i.e., the modified retrospective method), without applying to comparative years’ financial statements.

In August 2015, the FASB issued ASU No. 2015-14, "Revenue from Contracts with Customers: Deferral of the Effective Date," which allows for a deferral of the adoption date for ASU No. 2014-09 until January 1, 2018 and permits early adoption of ASU No. 2014-09, but not before the effective date of January 1, 2017.

The Company adopted ASU No. 2014-09 beginning as of January 1, 2018 using the modified retrospective method. While the Company is finalizing its assessment of all potential impacts of ASU No. 2014-09, given the nature of the Company's products and the terms and conditions applicable to sales to its customers, the timing and amount of revenue recognized based on the underlying principles of this new standard are consistent with the Company's revenue recognition policy under previous guidance. As a result, the Company does not currently expect that the adoption will have a material impact on its revenues, results of operations or financial position. The Company does, however, expect to expand its financial statement disclosures in order to comply with the new standard. The Company has drafted its accounting policy with respect to the new standard based on a review of its business. The new policy reflects updates to internal controls and processes to enable the preparation of financial information upon its adoption of ASU No. 2014-09.

BUSINESS COMBINATIONS

12 Months Ended

Dec. 31, 2017

Business Combinations [Abstract]

BUSINESS COMBINATIONS

The Elizabeth Arden Acquisition

On the Elizabeth Arden Acquisition Date, the Company completed the Elizabeth Arden Acquisition for a total cash purchase price of $1,034.3 million pursuant to an agreement and plan of merger (the "Merger Agreement") by and among Revlon, Products Corporation, RR Transaction Corp. ("Acquisition Sub," then a wholly-owned subsidiary of Products Corporation), and Elizabeth Arden. On the Elizabeth Arden Acquisition Date, Elizabeth Arden merged (the "Merger") with and into Acquisition Sub, with Elizabeth Arden surviving the Merger as a wholly-owned subsidiary of Products Corporation.

In North America, Elizabeth Arden’s principal customers include prestige retailers, the mass retail channel, specialty stores, department stores and other retailers, distributors, e-commerce sites, as well as direct sales to consumers via its Elizabeth Arden branded retail stores and ElizabethArden.com e-commerce business. Elizabeth Arden products are also sold through the Elizabeth Arden Red Door Spa beauty salons and spas. Internationally, Elizabeth Arden’s portfolio of owned and licensed brands is sold to perfumeries, boutiques, department stores, travel retailers and distributors.

Products Corporation financed the Elizabeth Arden Acquisition with the proceeds from (i) a 7-year $1.8 billion senior secured term loan facility (the "2016 Term Loan Facility" and such agreement being the "2016 Term Loan Agreement"); (ii) $35 million of borrowings under a 5-year $400 million senior secured asset-based revolving credit facility (the "2016 Revolving Credit Facility" and such agreement being the "2016 Revolving Credit Agreement" and such facility, together with the 2016 Term Loan Facility, being the "2016 Senior Credit Facilities" and such agreements being the "2016 Credit Agreements"); (iii) $450 million aggregate principal amount of Products Corporation’s 6.25% Senior Notes due 2024 (the "6.25% Senior Notes"); and (iv) approximately $126.7 million of cash on hand. Refer to Note 11, "Long Term Debt" for further details related to financing the Elizabeth Arden Acquisition and related debt restructuring transactions.

Elizabeth Arden's results of operations are included in the Company’s Consolidated Financial Statements commencing on the Elizabeth Arden Acquisition Date.

For the twelve months ended December 31, 2017, the Company incurred $50 million of acquisition and integration costs in its consolidated statement of operations and comprehensive (loss) income related to the Elizabeth Arden Acquisition, which consisted of $49.2 million of integration costs and $0.8 million of acquisition costs. The integration costs consisted of non-restructuring costs related to integrating Elizabeth Arden's operations into the Company's business, including professional fees, lease termination costs and employee related costs. The acquisition costs primarily included legal fees directly attributable to the Elizabeth Arden Acquisition.

Purchase Price of the Elizabeth Arden Acquisition

The components of the purchase price for the Elizabeth Arden Acquisition were as follows:



	As of September 7, 2016
Purchase price of Elizabeth Arden common stock ⁽¹⁾	$	431.5
Repayment of Elizabeth Arden senior notes ⁽²⁾	350.0
Repayment of Elizabeth Arden revolving credit facility, including accrued interest ⁽³⁾	142.5
Repayment of Elizabeth Arden second lien credit facility, including accrued interest ⁽³⁾	25.0
Repurchase of Elizabeth Arden preferred stock ⁽⁴⁾	55.0
Payment of accrued interest and call premium on Elizabeth Arden Senior Notes ⁽⁵⁾	27.4
Payment of Elizabeth Arden dividends payable at Elizabeth Arden Acquisition Date ⁽⁶⁾	2.9
Total Purchase Price	$	1,034.3

(1)

All of Elizabeth Arden’s then issued and outstanding common stock was canceled and extinguished on the Elizabeth Arden Acquisition Date and converted into the right to receive $14 in cash per share, without interest, less any required withholding taxes, that was paid by Products Corporation upon the completion of the Elizabeth Arden Acquisition. The $431.5 million purchase price for Elizabeth Arden common stock included the settlement of all then outstanding Elizabeth Arden stock options and all then outstanding Elizabeth Arden restricted share units at the Elizabeth Arden Acquisition Date for a total cash payment of $11.1 million.


(2)	The purchase price included the repurchase of the entire $350 million aggregate principal amount then outstanding of Elizabeth Arden’s 7.375% senior notes due 2021 (the "Elizabeth Arden Old Senior Notes").

(3)

The purchase price included the repayment of the entire $142 million aggregate principal amount of borrowings then outstanding as of the Elizabeth Arden Acquisition Date under Elizabeth Arden’s $300 million revolving credit facility and the entire $25 million aggregate principal amount of borrowings then outstanding as of the Elizabeth Arden Acquisition Date under Elizabeth Arden's second lien credit facility, each of which facilities were terminated as of the Elizabeth Arden Acquisition Date.


(4)	The purchase price included $55 million that was paid to retire the entire $55 million liquidation preference of all of the then issued and outstanding 50,000 shares of Elizabeth Arden preferred stock, par value $0.01 per share (the "Elizabeth Arden Preferred Stock"), which amount included a $5 million change of control premium.

(5)

Interest on the Elizabeth Arden Old Senior Notes accrued at a rate of 7.375% per annum and was payable semi-annually on March 15 and September 15 of every year. The approximately $12.3 million of accrued and unpaid interest was calculated based on 176 days of accrued interest as of the Elizabeth Arden Acquisition Date. Pursuant to the terms of the indenture governing the Elizabeth Arden Old Senior Notes, upon a change in control, such notes were repurchased at a price equal to 103.69% of their principal amount, plus accrued and unpaid interest and additional interest, if any, to the date of such repurchase. The repurchase of the Elizabeth Arden Old Senior Notes was consummated on October 7, 2016.


(6)	The purchase price included the payment of approximately $2.9 million in accrued dividends payable at the Elizabeth Arden Acquisition Date to the holders of the then outstanding Elizabeth Arden Preferred Stock.

Purchase Price Allocation

The Company accounted for the Elizabeth Arden Acquisition as a business combination during the third quarter of 2016. The Company finalized the allocation of the Elizabeth Arden purchase price to the Elizabeth Arden assets acquired and liabilities assumed in the third quarter of 2017, which resulted in several adjustments to their previously-disclosed estimated fair value (the "Measurement Period Adjustments"). The table below summarizes the allocation of the total consideration of $1,034.3 million paid on the Elizabeth Arden Acquisition Date, both as previously reported and as adjusted by the measurement period adjustments.



	Estimated Fair Value as Previously Reported^(a)			Measurement Period Adjustments			Fair Value as Adjusted
Cash	$	41.1		$	—		$	41.1
Accounts Receivable	132.6			—			132.6
Inventories	323.3			—			323.3
Prepaid expenses and other current assets	30.7			—			30.7
Property and equipment	91.2			—			91.2
Deferred taxes, net ^(b)	68.7			10.0			78.7
Intangible assets ^(c)	336.8			(15.4		)	321.4
Goodwill	221.7			12.3			234.0
Other assets	16.6			—			16.6
Total assets acquired	$	1,262.7		$	6.9		$	1,269.6
Accounts payable	(116.0		)	—			(116.0		)
Accrued expenses ^(d)	(109.3		)	1.7			(107.6		)
Other long-term liabilities^(e)	(3.1		)	(8.6		)	(11.7		)
Total liabilities assumed	$	(228.4	)	$	(6.9	)	$	(235.3	)
Total consideration transferred	$	1,034.3		$	—		$	1,034.3

^(a) As previously reported in Revlon's 2016 Form 10-K.

^(b) The Measurement Period Adjustments to deferred taxes, net, related to net increases in deferred tax assets as a result of the changes to the estimated fair values and remaining useful lives of acquired trade name intangible assets and the recognition of non-qualified benefit plan obligations of Elizabeth Arden, as discussed further below.

^(c)The Measurement Period Adjustments to intangible assets related to a revised approach in the determination of the fair values for the acquired Elizabeth Arden trade names. During the first quarter of 2017, the Company obtained further clarity into the product portfolio acquired through the Elizabeth Arden Acquisition, and, recognizing that each brand has its own distinct profile with its own defining attributes, as well as differing expected useful lives, determined that a revised valuation approach was needed. The Company valued the acquired trade names within the Elizabeth Arden product portfolio, including Visible Difference, Elizabeth Arden Ceramide, Prevage, Eight Hour, Elizabeth Arden Red Door, Elizabeth Arden Green Tea and Elizabeth Arden 5th Avenue. The Company determined the fair values of each acquired trade name using a risk-adjusted discounted cash flow approach, specifically the relief-from-royalty method, which requires identifying the hypothetical cash flows generated by an assumed royalty rate that a third party would pay to license the trade names, and discounting them back to the Elizabeth Arden Acquisition Date. The royalty rate used in the valuation of each acquired trade name was based on a consideration of market rates for similar categories of assets.

The difference between the preliminary valuation of the Elizabeth Arden trade name and the sum of the fair values of the individual trade names within the Elizabeth Arden product portfolio resulted in an increase to goodwill of $15.4 million, which was recorded in the fiscal quarter ended March 31, 2017. As a result of this revised approach, the Company recognized amortization expense of approximately $1.8 million in its consolidated statement of operations and comprehensive (loss) income in 2017 related to the amortization of the acquired trade names from the Elizabeth Arden Acquisition Date through December 31, 2016.

^(d) The Measurement Period Adjustments to accrued expenses related to changes in estimated payments for acquisition-related costs.

^(e) The Measurement Period Adjustments to other long-term liabilities related to the recognition of the projected benefit obligation of a certain foreign non-qualified benefit plan of Elizabeth Arden.

In determining the fair values of net assets acquired in the Elizabeth Arden Acquisition and resulting goodwill, the Company considered, among other factors, the analyses of Elizabeth Arden's historical financial performance and an estimate of the future performance of the acquired business, as well as the intended use of the acquired assets.

Goodwill of $234 million represents the excess of the purchase price paid by Products Corporation for the Elizabeth Arden Acquisition over the fair value of the identifiable net assets acquired by Products Corporation in the Elizabeth Arden Acquisition. Factors contributing to the purchase price resulting in the recognition of goodwill include estimated annualized synergies and cost reductions, expanded category mix, channel diversification and a broader geographic footprint.

The intangible assets acquired in the Elizabeth Arden Acquisition based on the estimate of the fair values of the identifiable intangible assets are as follows:



	As Previously Reported^(a)							As Adjusted
	Estimated Fair Values		Remaining Useful Life at the Elizabeth Arden Acquisition Date (in years)	Measurement Period Adjustments^(b)				Fair Values		Remaining Useful Life at the Elizabeth Arden Acquisition Date (in years)
Trademarks, indefinite-lived	$	142.0	Indefinite	$	(103.0	)		$	39.0	Indefinite
Trademarks, finite-lived	15.0		15	87.6				102.6		5 - 20
Technology	2.5		10	—				2.5		10
Customer relationships	123.0		16	—				123.0		16
License agreements	22.0		19	—				22.0		19
Distribution rights	31.0		18	—				31.0		18
Favorable lease commitments	1.3		3	—				1.3		3
Total acquired intangible assets	$	336.8		$	(15.4	)	^(b)	$	321.4

^(a) As previously reported in Revlon's 2016 Form 10-K.

^(b) The Measurement Period Adjustments to the Elizabeth Arden acquired trade names resulted in a $15.4 million increase to goodwill, which was recorded in the fiscal quarter ended March 31, 2017.

In 2017, the Company recorded a $54.8 million deferred tax liability related to the $321.4 million of acquired intangible assets outlined in the above table. This deferred tax liability represents the tax effect of the difference between the $321.4 million assigned fair value of the intangible assets and the $148.6 million tax basis of such assets.

The goodwill and intangible assets acquired in the Elizabeth Arden Acquisition are not expected to be deductible for income tax purposes.

Unaudited Pro Forma Results

The following table presents the Company's pro forma consolidated net sales and income from continuing operations before income taxes for the years ended December 31, 2016 and 2015, respectively. The unaudited pro forma results include the historical consolidated statements of operations of the Company and Elizabeth Arden, giving effect to the Elizabeth Arden Acquisition and related financing transactions as if they had occurred at the beginning of the earliest period presented.



	Unaudited Pro Forma Results
		Year Ended December 31,
		2016			2015
Net sales		$	2,858.9		$	2,863.5
Loss from continuing operations, before income taxes		(57.1		)	(74.6		)

The pro forma results, prepared in accordance with U.S. GAAP, include the following pro forma adjustments related to the Elizabeth Arden Acquisition:

(i) as a result of a $38 million increase in the fair value of acquired inventory at the Elizabeth Arden Acquisition Date, the Company recognized a $20.7 million increase in its cost of sales during 2016 in its consolidated financial statements. The pro forma adjustments include an adjustment to reverse the $20.7 million recognized in the year ended December 31, 2016 within cost of sales because it does not have a recurring impact;

(ii) the elimination of $68.0 million of acquisition and integration costs recognized by the Company and Elizabeth Arden in connection with consummating the Elizabeth Arden Acquisition during 2016;

(iii) a $1.4 million pro forma decrease in depreciation as a result of the fair value adjustments to property and equipment for the twelve months ended December 31, 2016;

(iv) a $5.6 million pro forma increase in amortization expense of acquired finite-lived intangible assets recorded in connection with the Elizabeth Arden Acquisition for the twelve months ended December 31, 2016; and

(v) a pro forma increase in interest expense and amortization of debt issuance costs related to financing the Elizabeth Arden Acquisition and related debt restructuring transactions as summarized in the following table. Refer to Note 11, "Long Term Debt" for further details related to financing the Elizabeth Arden Acquisition and related debt restructuring transactions.



	Year Ended December 31,
($ in millions)	2016			2015
Interest Expense
Pro forma interest on 2016 Senior Credit Facilities and 6.25% Senior Notes	$	121.9		$	106.4
Reversal of Elizabeth Arden’s historical interest expense	(19.5		)	(26.2		)
Company historical interest expense, as reflected in the historical consolidated financial statements	(75.9		)	(50.9		)
Total adjustment for pro forma interest expense	$	26.5		$	29.3
Debt issuance costs
Pro forma amortization of debt issuance costs	$	8.1		$	8.1
Company historical amortization of debt issuance costs, as reflected in the historical consolidated financial statements	(3.3		)	(4.4		)
Reversal of Elizabeth Arden’s historical amortization of debt issuance costs	(1.3		)	(1.5		)
Total adjustment for pro forma amortization of debt issuance costs	$	3.5		$	2.2

The unaudited pro forma results do not include: (1) any incremental revenue generation, synergies or cost reductions that may be achieved as a result of the Elizabeth Arden Acquisition; or (2) the impact of non-operating or non-recurring items directly related to the Elizabeth Arden Acquisition. In addition, the unaudited pro forma results do not purport to project the future consolidated operating results of the combined company.

The Cutex International Acquisition

On May 31, 2016 (the "Cutex International Acquisition Date"), the Company completed the acquisition of Cutex International from Coty Inc. (the "Cutex International Acquisition") for total cash consideration of $29.1 million. Following the Company's October 2015 acquisition of the Cutex business and related assets in the U.S. from Cutex Brands, LLC (the "Cutex U.S. Acquisition" and together with the Cutex International Acquisition, the "Cutex Acquisitions"), combined with other Cutex businesses that the Company acquired in 1998, the Cutex International Acquisition completed the Company's global consolidation of the Cutex brand. Cutex International's results of operations are included in the Company’s Consolidated Financial Statements commencing on the Cutex International Acquisition Date. Pro forma results of operations have not been presented, as the impact of the Cutex International Acquisition on the Company’s consolidated financial results is not material.

The Company accounted for the Cutex International Acquisition as a business combination in the second quarter of 2016. The table below summarizes the allocation of the total consideration paid:



	Amounts Recognized as of May 31, 2016
Inventory	$	0.8
Purchased Intangible Assets ^(a)	17.2
Goodwill	11.1
Total consideration transferred	$	29.1

^(a) Purchased intangible assets include customer networks fair valued at $11.9 million and intellectual property fair valued at $0.8 million, which are amortized over useful lives of 15 and 10 years, respectively, and indefinite lived trade names fair valued at $4.5 million.

As part of the Cutex International Acquisition, the Company reacquired the Cutex trade name from Coty under an assignment of a license agreement, which had previously provided Coty with an exclusive right to manufacture, market and sell Cutex branded products for an initial term and perpetual automatic 20-year renewals. Based on the terms and conditions of the existing license agreement and other factors, the Cutex trade name was assigned an indefinite-life and, therefore, will not be amortized.

In determining the estimated fair values of net assets acquired and resulting goodwill related to the Cutex International Acquisition, the Company considered, among other factors, the analysis of Cutex International's historical financial performance and an estimate of the future performance of the acquired business, as well as the intended use of the acquired assets. Factors contributing to the purchase price resulting in the recognition of goodwill include the anticipated benefits that the Company expects to achieve through the expansion of its nail product portfolio. Neither the intangible assets nor goodwill acquired in the Cutex International Acquisition are deductible for income tax purposes.

RESTRUCTURING CHARGES

12 Months Ended

Dec. 31, 2017

Restructuring and Related Activities [Abstract]

RESTRUCTURING CHARGES

EA Integration Restructuring Program

In December 2016, in connection with integrating the Elizabeth Arden and Revlon organizations, the Company began the process of implementing certain integration activities, including consolidating offices, eliminating certain duplicative activities and streamlining back-office support (the "EA Integration Restructuring Program"). The EA Integration Restructuring Program is designed to reduce the Company’s cost of goods sold and selling, general and administrative ("SG&A") expenses. As a result of the EA Integration Restructuring Program, the Company expects to eliminate approximately 425 positions worldwide.

In connection with implementing the EA Integration Restructuring Program, the Company expects to recognize approximately $90 million to $95 million of total pre-tax restructuring charges (the "EA Integration Restructuring Charges"), consisting of: (i) approximately $65 million to $70 million of employee-related costs, including severance, retention and other contractual termination benefits; (ii) approximately $15 million of lease termination costs; and (iii) approximately $10 million of other related charges.

A summary of the restructuring and related charges incurred through December 31, 2017 in connection with the EA Integration Restructuring Program is presented in the following table:



	Restructuring Charges and Other, Net
	Employee Severance and Other Personnel Benefits		Lease Termination and Other Costs^(a)		Total Restructuring Charges		Inventory Adjustments^(b)		Other Related Charges^(c)		Total Restructuring and Related Charges
Charges incurred through December 31, 2016	$	31.5	$	0.2	$	31.7	$	0.5	$	2.3	$	34.5
Charges incurred during the year ended December 31, 2017	31.3		4.8		36.1		0.9		0.7		37.7
Cumulative charges incurred through December 31, 2017	$	62.8	$	5.0	$	67.8	$	1.4	$	3.0	$	72.2

^(a) Includes primarily lease termination costs related to certain exited Elizabeth Arden office space.

^(b)Inventory adjustments are recorded within cost of sales in the Company’s consolidated statement of operations and comprehensive (loss) income.

^(c) Other related charges are recorded within SG&A in the Company’s consolidated statement of operations and comprehensive (loss) income.

A summary of the restructuring charges incurred through December 31, 2017 in connection with the EA Integration Restructuring Program by reportable segment is presented in the following table:



	Charges incurred during the twelve months ended December 31, 2017		Cumulative charges incurred through December 31, 2017
Elizabeth Arden	$	16.1	$	22.6
Consumer	12.1		16.3
Professional	4.2		9.8
Unallocated Corporate Expenses	3.7		19.1
Total	$	36.1	$	67.8

The Company expects that cash payments will total $90 million to $95 million in connection with the EA Integration Restructuring Charges, of which $42.5 million was paid in 2017. The remaining balance is expected to be substantially paid by the end of 2020.

Restructuring Reserve

The liability balance and related activity for each of the Company's restructuring programs are presented in the following table:



								Utilized, Net
	Liability Balance at January 1, 2017		Expense (Income), Net			Foreign Currency Translation		Cash			Non-cash		Liability Balance at December 31, 2017
2017
EA Integration Restructuring Program:^(a)
Employee severance and other personnel benefits	$	31.5	$	31.3		$	—	$	(37.0	)	$	—	$	25.8
Other	3.0		6.4			—		(5.5		)	—		3.9
2015 Efficiency Program:^(b)
Employee severance and other personnel benefits	4.5		(3.2		)	—		(1.0		)	—		0.3
Other	0.2		—			—		—			—		0.2
December 2013 Program:^(c)
Employee severance and other personnel benefits	1.2		—			—		(0.1		)	—		1.1
Other immaterial actions:^(d)
Employee severance and other personnel benefits	1.4		0.6			—		(0.9		)	—		1.1
Other	1.0		1.1			0.1		(0.7		)	—		1.5
Total restructuring reserve	$	42.8	$	36.2		$	0.1	$	(45.2	)	$	—	$	33.9

	Liability Balance at January 1, 2016		Expense (Income), Net			Foreign Currency Translation		Cash			Non-cash		Liability Balance at December 31, 2016
2016
EA Integration Restructuring Program:
Employee severance and other personnel benefits	$	—	$	31.5		$	—	$	—		$	—	$	31.5
Other	—		3.0										3.0
2015 Efficiency Program:
Employee severance and other personnel benefits	6.6		0.6			—		(2.7		)	—		4.5
Other	0.1		0.7			—		(0.6		)	—		0.2
2014 Integration Program:^(e)
Employee severance and other personnel benefits	0.8		—			—		(0.8		)	—		—
Other	0.1		—			—		(0.1		)	—		—
December 2013 Program:
Employee severance and other personnel benefits	1.2		—			—		—			—		1.2
Other immaterial actions:
Employee severance and other personnel benefits	2.3		2.1			—		(3.0		)	—		1.4
Other	0.7		1.5			—		(1.5		)	0.3		1.0
Total restructuring reserve	$	11.8	$	39.4		$	—	$	(8.7	)	$	0.3	$	42.8

^(a)Includes $1.6 million in charges related to inventory adjustments and other restructuring-related charges that were reflected within cost of sales and SG&A, respectively, in the Company’s December 31, 2017 Consolidated Statement of Operations and Comprehensive (Loss) Income.

^(b)In September 2015, the Company initiated restructuring actions to drive certain organizational efficiencies, including reducing general and administrative expenses, within the Company's Consumer and Professional segments (the "2015 Efficiency Program"). These actions were completed by the end of 2017. During the third quarter of 2017, the Company performed a review of the 2015 Efficiency Program and determined that employees in certain positions that were initially identified to be eliminated would continue to be employed by the Company in varying positions in connection with integrating the Elizabeth Arden and Revlon organizations. As a result, the Company reversed approximately $3.2 million in previously accrued restructuring charges recognized in connection with the 2015 Efficiency Program. Total cash payments made for the 2015 Efficiency Program were $7.1 million. A summary of the restructuring and related charges incurred through December 31, 2017 in connection with the 2015 Efficiency Program by reportable segment is presented in the following table:



	2015 Efficiency Program cumulative charges incurred through December 31, 2017
Consumer	$	3.6
Professional	3.5
Unallocated Corporate Expenses	0.5
Total	$	7.6

^(c)In December 2013, the Company announced restructuring actions that primarily included exiting its direct manufacturing, warehousing and sales business operations in mainland China within the Consumer segment (the "December 2013 Program"). The December 2013 Program resulted in the elimination of approximately 1,100 positions in 2014, primarily in China.

^(d)Consists primarily of $1.1 million in charges related to the program that Elizabeth Arden commenced prior to the Elizabeth Arden Acquisition to further align their organizational structure and distribution arrangements for the purpose of improving its go-to-trade capabilities and execution and to streamline their organization (the "Elizabeth Arden 2016 Business Transformation Program").

^(e⁾Following Products Corporation's October 2013 acquisition of The Colomer Group Participations, S.L. ("Colomer" and the "Colomer Acquisition"), the Company implemented actions to integrate Colomer's operations into the Company's business, which reduced costs across the Company's businesses and generated synergies and operating efficiencies within the Company's global supply chain and consolidated offices and back office support (all such actions, together, the "2014 Integration Program"). The 2014 Integration Program was substantially completed as of December 31, 2015.

At December 31, 2017 and December 31, 2016, all of the restructuring reserve balances were included within accrued expenses and other in the Company's Consolidated Balance Sheets.

DISCONTINUED OPERATIONS

12 Months Ended

Dec. 31, 2017

Discontinued Operations and Disposal Groups [Abstract]

DISCONTINUED OPERATIONS

On December 30, 2013, the Company announced that it was implementing the December 2013 Program, which primarily included exiting its direct manufacturing, warehousing and sales business operations in mainland China within the Consumer segment.

The results of the China discontinued operations are included within income (loss) from discontinued operations, net of taxes, and relate entirely to the Consumer segment. The summary comparative financial results of discontinued operations were as follows:



	Year Ended December 31,
	2017		2016			2015
Net sales	$	—	$	—		$	—
Income (loss) from discontinued operations, before taxes	2.4		(4.9		)	(3.2		)
Provision for income taxes	0.3		—			—
Income (loss) from discontinued operations, net of taxes	2.1		(4.9		)	(3.2		)

Assets and liabilities of the China discontinued operations included in the Consolidated Balance Sheets consisted of the following:



	December 31,
	2017		2016
Cash and cash equivalents	$	1.3	$	1.7
Trade receivables, net	0.2		0.2
Total current assets	1.5		1.9
Total assets	$	1.5	$	1.9

Accounts payable	$	0.5	$	0.5
Accrued expenses and other	3.5		3.3
Total current liabilities	4.0		3.8
Total liabilities	$	4.0	$	3.8

PROPERTY, PLANT AND EQUIPMENT

12 Months Ended

Dec. 31, 2017

Property, Plant and Equipment [Abstract]

PROPERTY, PLANT AND EQUIPMENT

As of December 31, 2017 and 2016, the Company's property, plant and equipment balances consisted of the following:



	December 31,
	2017			2016
Land and improvements	$	11.6		$	10.4
Building and improvements	97.0			88.6
Machinery, equipment and capital leases	275.1			243.3
Office furniture, fixtures and capitalized software	168.3			122.7
Counters and trade fixtures	62.0			60.8
Leasehold improvements	51.4			46.0
Construction-in-progress	92.8			53.4
Property, plant and equipment, gross	758.2			625.2
Accumulated depreciation and amortization	(385.5		)	(304.7		)
Property, plant and equipment, net	$	372.7		$	320.5

Depreciation and amortization expense on property, plant and equipment for 2017, 2016 and 2015 was $54.4 million, $45 million, and $37 million, respectively.

GOODWILL AND INTANGIBLE ASSETS, NET

12 Months Ended

Dec. 31, 2017

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND INTANGIBLE ASSETS, NET

Goodwill

The following table presents the changes in goodwill by segment during 2017 and 2016:



	Consumer			Professional			Elizabeth Arden		Other			Total
Balance at January 1, 2016	$	210.1		$	240.7		$	—	$	18.9		$	469.7
Goodwill acquired ^(a)	17.4			—			221.7		—			239.1
Foreign currency translation adjustment	—			(0.4		)	—		(2.2		)	(2.6		)
Goodwill impairment charge	—			—			—		(16.7		)	(16.7		)
Balance at December 31, 2016	$	227.5		$	240.3		$	221.7	$	—		$	689.5
Measurement Period Adjustments ^(b)	—			—			12.3		—			12.3
Foreign currency translation adjustment	—			1.5			—		—			1.5
Goodwill impairment charge	(10.8		)	—			—		—			(10.8		)
Balance at December 31, 2017	$	216.7		$	241.8		$	234.0	$	—		$	692.5

Cumulative goodwill impairment charges	$	(20.5	)	$	—		$	—	$	(16.7	)	$	(37.2	)

^(a)The goodwill acquired during 2016 relates to: (i) $221.7 million of goodwill acquired in the Elizabeth Arden Acquisition; and (ii) $17.4 million of goodwill acquired in the Cutex Acquisitions. See Note 2, "Business Combinations," for further discussion of the Elizabeth Arden Acquisition and Cutex Acquisitions.

^(b) Refer to Note 2, "Business Combinations," for more information on the Measurement Period Adjustments related to the Elizabeth Arden Acquisition.

For 2017, in assessing whether goodwill was impaired in connection with its annual impairment test performed during the fourth quarter of 2017 using October 1^st, 2017 carrying values, the Company performed qualitative assessments to determine whether it would be necessary to perform the two-step process, as prescribed by ASC 350, Intangibles - Goodwill and Other, to assess the Company's indefinite-lived intangible assets for indicators of impairment. In performing the qualitative assessments, the Company considered the results of the step one test performed in 2016 and the financial performance of the (i) Revlon, Almay and Other; (ii) Elizabeth Arden; and (iii) Professional reporting units. Based upon such assessment, the Company determined that it was more likely than not that the fair values of these reporting units exceeded their carrying amounts for 2017.

However, for 2017, the Company determined that it would utilize the two-step process to test the GCB reporting unit for impairment. In the first step of this test, the Company compared the fair value of the GCB reporting unit, determined based upon discounted estimated future cash flows, to the carrying amount, including goodwill. The results of the step one test indicated that impairment indicators existed for the GCB reporting unit due to continued net sales declines for both the SinfulColors and Pure Ice brands and lower promotional activity for the Pure Ice brand, and accordingly, the Company performed step two of the goodwill impairment test for the GCB reporting unit.

In the second step, the Company measured the potential impairment of the GCB reporting unit by comparing the implied fair value with the carrying amount of its goodwill at October 1, 2017. The implied fair value of the GCB reporting unit's goodwill was determined in the same manner as the amount of goodwill recognized in a business combination, where the estimated fair value of GCB reporting unit was allocated to all the assets and liabilities of that reporting unit (including both recognized and unrecognized intangible assets) as if the GCB had been acquired in a business combination and the estimated fair value of the GCB reporting unit was the purchase price paid. When the carrying amount of the reporting unit's goodwill is greater than the implied fair value of that reporting unit's goodwill, an impairment loss is recognized. The Company determined the fair value of the GCB reporting unit using discounted estimated future cash flows. The weighted-average cost of capital used in testing the GCB reporting unit for impairment was 12% with a perpetual growth rate of 2%. As a result of this annual impairment test, the Company recognized an aggregate $10.8 million non-cash goodwill impairment charge related to the GCB reporting unit in the fourth quarter of 2017. Following the recognition of this non-cash goodwill impairment charge, the GCB reporting unit had $14.8 million remaining goodwill as of December 31, 2017.

For 2016 and 2015, the Company also utilized the two-step process in assessing whether goodwill was impaired for each of the Company's then existing four reporting units (i.e., for 2016 (i) Revlon, Almay and Other; (ii) GCB; (iii) Professional; and (iv) Other). As a result of the annual impairment testing for 2016 and 2015, the Company recognized a $16.7 million non-cash goodwill impairment charge related to the Other reporting unit in the fourth quarter of 2016 and a $9.7 million non-cash goodwill impairment charge related to the GCB reporting unit in the fourth quarter of 2015.

Intangible Assets, Net

The following tables present details of the Company's total intangible assets as of December 31, 2017 and 2016:



	December 31, 2017
	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Weighted-Average Useful Life (in Years)
Finite-lived intangible assets:
Trademarks and licenses	$	271.4	$	(72.8	)	$	198.6	13
Customer relationships	250.6		(46.8		)	203.8		13
Patents and internally-developed IP	20.8		(8.4		)	12.4		7
Distribution rights	31.0		(2.3		)	28.7		17
Other	1.3		(0.6		)	0.7		2
Total finite-lived intangible assets	$	575.1	$	(130.9	)	$	444.2

Indefinite-lived intangible assets:
Trade names	$	147.9	$	—		$	147.9
Total indefinite-lived intangible assets	$	147.9	$	—		$	147.9

Total intangible assets	$	723.0	$	(130.9	)	$	592.1

	December 31, 2016
	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Weighted-Average Useful Life (in Years)
Finite-lived intangible assets:
Trademarks and licenses	$	177.9	$	(47.9	)	$	130.0	13
Customer relationships	247.6		(30.1		)	217.5		14
Patents and internally-developed IP	20.3		(6.1		)	14.2		8
Distribution rights	31.0		(0.5		)	30.5		18
Other	1.3		(0.2		)	1.1		3
Total finite-lived intangible assets	$	478.1	$	(84.8	)	$	393.3

Indefinite-lived intangible assets:
Trade names	$	243.3	$	—		$	243.3
Total indefinite-lived intangible assets	$	243.3	$	—		$	243.3

Total intangible assets	$	721.4	$	(84.8	)	$	636.6

Amortization expense for finite-lived intangible assets was $43.2 million, $27.5 million and $22.4 million for 2017, 2016, and 2015 respectively.

The Company reviews finite-lived intangible assets for impairment whenever facts and circumstances indicate that their carrying values may not be fully recoverable. This test compares the current carrying values of the intangible assets to the undiscounted pre-tax cash flows expected to result from the use of the assets.

Based upon the results of the annual goodwill impairment testing for the Company's GCB reporting unit during 2017, the Company performed an impairment review of the acquired finite-lived intangible assets. No impairment was recognized related to the carrying value of any of the finite or indefinite-lived intangible assets as a result of the annual impairment test for the year ended December 31, 2017.

Based upon the results of the annual goodwill impairment testing for the Company's Other reporting unit during 2016, the Company performed an impairment review of the finite-lived intangible assets acquired as part of the 2015 acquisition of CBBeauty Group and certain of its related entities (collectively "CBB" and, such transaction, the "CBB Acquisition"). As a result of this review, the Company recognized during the fourth quarter of 2016 within the Other reporting unit $4.2 million, $2.0 million and $0.5 million of non-cash impairment charges as a result of the change in the fair value of customer relationships, distribution rights and trade names, respectively, in the aggregate amount of $6.7 million.

The Company did not recognize any impairment charges related to the carrying value of any of the Company's identifiable intangible assets in 2015.

The following table reflects the estimated future amortization expense for each period presented, a portion of which is subject to exchange rate fluctuations, for the Company's finite-lived intangible assets as of December 31, 2017:



	Estimated Amortization Expense
2018	$	40.2
2019	37.3
2020	36.5
2021	35.3
2022	34.1
Thereafter	260.8
Total	$	444.2

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

+ References + Details

LONG-TERM DEBT

12 Months Ended

Dec. 31, 2017

Debt Disclosure [Abstract]

LONG-TERM DEBT

As of December 31, 2017 and 2016, the Company's debt balances consisted of the following:



	December 31,
	2017			2016
2016 Term Loan Facility: 2016 Term Loan due 2023, net of discounts and debt issuance costs (see (a) below)	$	1,735.9		$	1,747.8
2016 Revolving Credit Facility due 2021, net of debt issuance costs (see (b) below)	152.1			—
6.25% Senior Notes due 2024, net of debt issuance costs (see (c) below)	440.3			439.1
5.75% Senior Notes due 2021, net of debt issuance costs (see (d) below)	495.1			493.8
Spanish Government Loan due 2025	0.5			0.5
	2,823.9			2,681.2
Less current portion ^(*)	(170.2		)	(18.1		)
	$	2,653.7		$	2,663.1

^(*) At December 31, 2017, the Company classified $170.2 million as its current portion of long-term debt, comprised primarily of $152.1 million of net borrowings under the 2016 Revolving Credit Facility, net of debt issuance costs, and $18.1 million of amortization payments on the 2016 Term Loan Facility scheduled to be paid over the next four calendar quarters. At December 31, 2016, the Company classified $18.1 million as its current portion of long-term debt, comprised primarily of $18 million of amortization payments on the 2016 Term Loan Facility.

The Company completed the following debt transactions during 2016:

2016 Debt-Related Transactions

In connection with and substantially concurrently with closing the Elizabeth Arden Acquisition, Products Corporation entered into the 2016 Term Loan Facility and the 2016 Revolving Credit Facility. Additionally, as part of financing the Elizabeth Arden Acquisition, in August 2016 Products Corporation completed the issuance of $450 million aggregate principal amount of its 6.25% Senior Notes (the "6.25% Senior Notes Offering"), which funds were released from escrow (the "Escrow Release") on the Elizabeth Arden Acquisition Date. In connection with entering into the 2016 Senior Credit Facilities, Products Corporation maintained on the 2016 Term Loan Facility its existing floating-to-fixed 2013 Interest Rate Swap (as hereinafter defined) based on a notional amount of $400 million that previously applied to Products Corporation’s Old Acquisition Term Loan, which loan was refinanced in full in connection with Products Corporation's consummation of the 2016 Senior Credit Facilities and the 6.25% Senior Notes Offering. The proceeds of Products Corporation's 6.25% Senior Notes Offering and the 2016 Term Loan Facility, together with approximately $35 million of borrowings under the 2016 Revolving Credit Facility, and approximately $126.7 million of cash on hand, were used to: (A) fund the Elizabeth Arden Acquisition, including: (i) repurchasing the entire $350 million aggregate principal amount then-outstanding of the Elizabeth Arden Old Senior Notes; (ii) repaying the entire $142 million aggregate principal amount of borrowings outstanding as of the Elizabeth Arden Acquisition Date under Elizabeth Arden’s $300 million revolving credit facility (which facility was terminated upon such repayment); (iii) repaying the entire $25 million aggregate principal amount of borrowings then outstanding as of the Elizabeth Arden Acquisition Date under Elizabeth Arden's second lien credit facility (which facility was terminated upon such repayment); and (iv) retiring the entire $55 million liquidation preference of all 50,000 shares of Elizabeth Arden's then issued and outstanding preferred stock, which amount included a $5 million change of control premium; and (B) to completely refinance and repay all of the $651.4 million in aggregate principal balance then outstanding under Products Corporation’s then-existing 2011 Term Loan and all of the $658.6 million in aggregate principal balance outstanding under Products Corporation’s Old Acquisition Term Loan (each of which facilities were terminated upon such prepayment). The Company did not incur any material early termination penalties in connection with repaying such facilities and preferred stock. See below for a summary description of the agreements governing the 2016 Senior Credit Facilities and 6.25% Senior Notes.

Amended Term Loan Facility - Excess Cash Flow Payment

In February 2016, Products Corporation prepaid $23.2 million of indebtedness, then outstanding under its Old Term Loan Facility, representing 50% of its 2015 "excess cash flow" as defined by, and required under, Old Term Loan Agreement. The prepayment was applied on a ratable basis between the principal amounts outstanding under the 2011 Term Loan and the Old Acquisition Term Loan. The amount of the prepayment that was applied to the 2011 Term Loan reduced the principal amount outstanding by $11.5 million to $651.4 million (as all amortization payments under the 2011 Term Loan had been paid). The $11.7 million that was applied to the Old Acquisition Term Loan reduced Products Corporation's future annual amortization payments under such loan on a ratable basis from $6.9 million prior to the prepayment to $6.8 million after giving effect to the prepayment and through its maturity on October 8, 2019. The 2011 Term Loan and Old Acquisition Term Loan were completely refinanced and terminated in connection with financing the Elizabeth Arden Acquisition.

Long-Term Debt Agreements

(a) 2016 Term Loan Facility

Principal and Maturity: On the Elizabeth Arden Acquisition Date, Products Corporation entered into the 2016 Term Loan Agreement, for which Citibank, N.A. acts as administrative and collateral agent and which has an initial aggregate principal amount of $1.8 billion and matures on the earlier of: (x) the seventh anniversary of the Elizabeth Arden Acquisition Date and (y) the 91st day prior to the maturity of Products Corporation’s 5.75% Senior Notes due 2021 (the "5.75% Senior Notes") if, on that date (and solely for so long as), (i) any of Products Corporation's 5.75% Senior Notes remain outstanding and (ii) Products Corporation’s available liquidity does not exceed the aggregate principal amount of the then outstanding 5.75% Senior Notes by at least $200 million. The loans under the 2016 Term Loan Facility were borrowed at an original issue discount of 0.5% to their principal amount. The 2016 Term Loan Facility may be increased by an amount equal to the sum of (x) the greater of $450 million and 90% of Products Corporation’s pro forma consolidated EBITDA, plus (y) an unlimited amount to the extent that (1) the first lien leverage ratio (defined as the ratio of Products Corporation’s net senior secured funded debt that is not junior or subordinated to the liens of the Senior Facilities to EBITDA) is less than or equal to 3.5 to 1.0 (for debt secured pari passu with the 2016 Term Loan Facility) or (2) the secured leverage ratio (defined as the ratio of Products Corporation’s net senior secured funded debt to EBITDA) is less than or equal to 4.25 to 1.0 (for junior lien or unsecured debt), plus (z) up to an additional $400 million if the 2016 Revolving Credit Facility has been repaid and terminated.

Guarantees and Security: Products Corporation and the restricted subsidiaries under the 2016 Term Loan Facility, which include Products Corporation’s domestic subsidiaries, including Elizabeth Arden and its domestic subsidiaries (collectively, the "Restricted Group"), are subject to the covenants under the 2016 Term Loan Agreement. The 2016 Term Loan Facility is guaranteed by each of Products Corporation's existing and future direct or indirect wholly-owned domestic restricted subsidiaries (subject to various exceptions), as well as by Revlon, on a limited recourse basis. The obligations of Revlon, Products Corporation and the subsidiary guarantors under the 2016 Term Loan Facility are secured by pledges of the equity of Products Corporation held by Revlon and the equity of the Restricted Group held by Products Corporation and each subsidiary guarantor (subject to certain exceptions, including equity of first-tier foreign subsidiaries in excess of 65% of the voting equity interests of such entity) and by substantially all tangible and intangible personal and real property of Products Corporation and the subsidiary guarantors (subject to certain exclusions). The obligors and guarantors under the 2016 Term Loan Facility and the 2016 Revolving Credit Facility are identical. The liens securing the 2016 Term Loan Facility on the accounts, inventory, equipment, chattel paper, documents, instruments, deposit accounts, real estate and investment property and general intangibles (other than intellectual property) related thereto (the "Revolving Facility Collateral") rank second in priority to the liens thereon securing the 2016 Revolving Credit Facility. The liens securing the 2016 Term Loan Facility on all other property, including capital stock, intellectual property and certain other intangible property (the "Term Loan Collateral"), rank first in priority to the liens thereon securing the 2016 Revolving Credit Facility, while the liens thereon securing the 2016 Revolving Credit Facility rank second in priority to the liens thereon securing the 2016 Term Loan Facility.

Interest and Fees: Interest accrues on term loans under the 2016 Term Loan Facility at a rate per annum of Adjusted LIBOR (which has a floor of 0.75%) plus a margin of 3.50% or an alternate base rate plus a margin of 2.50%, at Products Corporation’s option, and is payable quarterly, at a minimum. Products Corporation is obligated to pay certain fees and expenses in connection with the 2016 Term Loan Facility.

Affirmative and Negative Covenants: The 2016 Term Loan Agreement contains certain affirmative and negative covenants that, among other things, limit the Restricted Group’s ability to: (i) incur additional debt; (ii) incur liens; (iii) sell, transfer or dispose of assets; (iv) make investments; (v) make dividends and distributions on, or repurchases of, equity; (vi) make prepayments of contractually subordinated or junior lien debt; (vii) enter into certain transactions with their affiliates; (viii) enter into sale-leaseback transactions; (ix) change their lines of business; (x) restrict dividends from their subsidiaries or restrict liens; (xi) change their fiscal year; and (xii) modify the terms of certain debt. The negative covenants are subject to various exceptions, including an "available amount basket" based on 50% of Products Corporation’s cumulative consolidated net income, plus a "starter" basket of $200 million, subject to Products Corporation’s compliance with a 5.0 to 1.0 ratio of Products Corporation’s net debt to Consolidated EBITDA (as defined in the 2016 Term Loan Agreement), except such compliance is not required when such baskets are used to make investments. While the 2016 Term Loan Agreement contains certain customary representations, warranties and events of default, it does not contain any financial maintenance covenants.

Prepayments: The 2016 Term Loan Facility is subject to mandatory prepayments from: (i) the net proceeds from the issuance by Products Corporation or any of its restricted subsidiaries of certain additional debt; (ii) commencing with the excess cash flow calculation with respect to fiscal year ending December 31, 2017, 50% of excess cash flow, with step-downs to 25% and 0% upon achievement of certain first lien leverage ratios and reduced by voluntary prepayments of loans under the 2016 Term Loan Facility and revolving loans under the 2016 Revolving Credit Facility to the extent commitments thereunder are permanently reduced; and (iii) asset sale proceeds of certain non-ordinary course asset sales or other dispositions of property that have not been reinvested to the extent in excess of certain minimum amounts. Products Corporation may voluntarily prepay the 2016 Term Loan Facility without premium or penalty. No excess cash flow payments were due and payable with respect to 2017.

During 2016, the Company incurred approximately $45.2 million of fees and expenses in connection with consummating the 2016 Term Loan Facility, of which $39.3 million were capitalized and are being amortized over the remaining term of the 2016 Term Loan Credit Facility using the effective interest method. The Company expensed the remaining $6 million of fees and expenses and wrote-off $10.9 million of unamortized debt discount and deferred financing costs related to the Old Term Loan Facility. These amounts, totaling $16.9 million, were recognized within loss on early extinguishment of debt in the Company’s Consolidated Statements of Operations and Comprehensive (Loss) Income for the year ended December 31, 2016.

(b) 2016 Revolving Credit Facility

Principal and Maturity: On the Elizabeth Arden Acquisition Date, Products Corporation entered into the 2016 Revolving Credit Agreement, for which Citibank, N.A. acts as administrative agent and collateral agent. The 2016 Revolving Credit Facility has an initial maximum availability of $400 million (with a $100 million sublimit for letters of credit and up to $70 million available for swing line loans), which availability is subject to the amount of the borrowing base. The 2016 Revolving Credit Facility may be increased by the greater of (x) $50 million and (y) the excess of the borrowing base over the amounts of then-effective commitments. The 2016 Revolving Credit Facility permits certain non-U.S. subsidiaries to borrow in local currencies. The borrowing base calculation under the 2016 Revolving Credit Facility is based on the sum of: (i) 85% of eligible accounts receivable; (ii) the lesser of 85% of the net orderly liquidation value and a percentage of the value specified in respect of different types of eligible inventory; (iii) qualified restricted cash (capped at $75 million); and (iv) a temporary increase amount between August 15 and October 31 of each year, which are collectively subject to certain availability reserves set by the administrative agent. The 2016 Revolving Credit Facility matures on the earlier of: (x) the fifth anniversary of the Elizabeth Arden Acquisition Date; and (y) the 91st day prior to the maturity of Products Corporation’s 5.75% Senior Notes if, on that date (and solely for so long as), (i) any of Products Corporation’s 5.75% Senior Notes remain outstanding and (ii) Products Corporation’s available liquidity does not exceed the aggregate principal amount of the then outstanding 5.75% Senior Notes by at least $200 million.

Guarantees and Security: The Restricted Group under the 2016 Revolving Credit Agreement (which is the same as the Restricted Group under the 2016 Term Loan Agreement) is subject to the covenants under the 2016 Revolving Credit Agreement. The 2016 Revolving Credit Facility is guaranteed by each of Products Corporation's existing and future direct or indirect wholly-owned domestic restricted subsidiaries (subject to various exceptions), as well as by Revlon on a limited recourse basis. The obligations of Revlon, Products Corporation and the subsidiary guarantors under the 2016 Revolving Credit Facility are secured by pledges of the equity of Products Corporation held by Revlon and the equity of Products Corporation’s restricted subsidiaries held by Products Corporation and each subsidiary guarantor (subject to certain exceptions, including equity of first-tier foreign subsidiaries in excess of 65% of the voting equity interests of such entity) and by substantially all tangible and intangible personal and real property of Products Corporation and the subsidiary guarantors (subject to certain exclusions). The obligors and guarantors under the 2016 Revolving Credit Facility and the 2016 Term Loan Facility are identical. The liens on the 2016 Revolving Facility Collateral securing the 2016 Revolving Credit Facility rank first in priority to the liens thereon securing the 2016 Term Loan Facility, which rank second in priority on such collateral. The liens on the Term Loan Collateral securing the 2016 Revolving Credit Facility rank second in priority to the liens thereon securing the 2016 Term Loan Facility, which rank first in priority on such collateral.

Interest and Fees: Under the 2016 Revolving Credit Facility, interest is payable quarterly and accrues on borrowings under such facility at a rate per annum equal to either: (i) the alternate base rate plus an applicable margin equal to 0.25%, 0.50% or 0.75%, depending on the average excess availability (based on the borrowing base as most recently reported by Products Corporation to the administrative agent from time to time); or (ii) the Eurocurrency rate plus an applicable margin equal to 1.25%, 1.50% or 1.75%, depending on the average excess availability (based on the borrowing base as most recently reported by Products Corporation to the administrative agent from time to time), at Products Corporation’s option. The applicable margin decreases as average excess availability under the 2016 Revolving Credit Facility increases. Products Corporation is obligated to pay certain fees and expenses in connection with the 2016 Revolving Credit Facility, including a commitment fee of 0.25% for any unused amounts. Loans under the 2016 Revolving Credit Facility may be prepaid without premium or penalty.

Affirmative and Negative Covenants: The 2016 Revolving Credit Agreement contains affirmative and negative covenants that are similar to those in the 2016 Term Loan Agreement, other than the "available amount basket" (as described above in the description of the 2016 Term Loan Facility); provided, however, under the 2016 Revolving Credit Agreement the Restricted Group will be able to incur unlimited additional junior secured debt and unsecured debt, make unlimited asset sales and dispositions, make unlimited investments and acquisitions, prepay junior debt and make unlimited restricted payments to the extent that certain "payment conditions" for asset-based credit facilities are satisfied. The 2016 Revolving Credit Agreement contains certain customary representations, warranties and events of default. If Products Corporation’s "Liquidity Amount" (defined in the 2016 Revolving Credit Agreement as the Borrowing Base less the sum of (x) the aggregate outstanding extensions of credit under the 2016 Revolving Credit Facility, and (y) any availability reserve in effect on such date) falls below the greater of $35 million and 10% of the maximum availability under the 2016 Revolving Credit Facility (a "Liquidity Event Period"), then the Restricted Group will be required to maintain a consolidated fixed charge coverage ratio (the ratio of Products Corporation’s EBITDA minus capital expenditures to cash interest expense for such period) of a minimum of 1.0 to 1.0 until the first date after 20 consecutive business days for which the Liquidity Amount is equal to or greater than such threshold. If Products Corporation is in default under the consolidated fixed charge coverage ratio under the 2016 Revolving Credit Agreement, Products Corporation may cure such default by Products Corporation and/or Revlon issuing certain equity securities and Products Corporation receiving capital contributions from Revlon, with such cash being deemed to increase EBITDA for the purpose of calculating the applicable ratio. Products Corporation may exercise this cure right no more than two times in any four-quarter period, and no more than five times in total during the term of the 2016 Revolving Credit Facility.

Prepayments: Products Corporation must prepay borrowings under the 2016 Revolving Credit Facility to the extent that outstanding loans and letters of credit exceed availability. During a Liquidity Event Period, the administrative agent may apply amounts collected in controlled accounts for the repayment of loans under the 2016 Revolving Credit Facility. The above descriptions of the terms of the 2016 Term Loan Agreement and the 2016 Revolving Credit Facility and the related security and collateral agreements are qualified in their entirety by reference to such agreements, which are incorporated by reference as exhibits to this Form 10-K.

During 2016, the Company incurred approximately $5.7 million of fees and expenses in connection with consummating the 2016 Revolving Credit Facility, of which $5.6 million were capitalized as deferred financing costs and are being amortized over the remaining term of the 2016 Revolving Credit Facility using the effective interest method. The Company expensed the remaining $0.1 million of fees and expenses, which were recognized within loss on early extinguishment of debt in the Company’s Consolidated Statements of Operations and Comprehensive (Loss) Income for the year ended December 31, 2016.

On August 4, 2016, Revlon Escrow Corporation (the "Escrow Issuer"), which on such date was a wholly owned subsidiary of Products Corporation, completed the 6.25% Senior Notes offering, pursuant to an exemption from registration under the Securities Act of 1933 (as amended, the "Securities Act"), of $450 million aggregate principal amount of the 6.25% Senior Notes due 2024. The 6.25% Senior Notes are unsecured and were initially issued by the Escrow Issuer to the initial purchasers under an Indenture, dated as of August 4, 2016 (the "6.25% Senior Notes Indenture"), between the Escrow Issuer and U.S. Bank National Association, as trustee (the "6.25% Senior Notes Trustee"). The 6.25% Senior Notes mature on August 1, 2024. Interest on the 6.25% Senior Notes accrues at 6.25% per annum, paid every six months through maturity on each February 1 and August 1, beginning on February 1, 2017. The proceeds from the 6.25% Senior Notes were released from escrow on the September 7, 2016 The Elizabeth Arden Acquisition Date (the "Escrow Release"). On the Elizabeth Arden Acquisition Date, the Escrow Issuer was merged with and into Products Corporation and in connection with the Escrow Release, Products Corporation and certain of its direct and indirect wholly-owned domestic subsidiaries, including Elizabeth Arden and certain of its subsidiaries (collectively, the "6.25% Senior Notes Guarantors"), and the 6.25% Senior Notes Trustee entered into a supplemental indenture (the "6.25% Senior Notes Supplemental Indenture") to the 6.25% Senior Notes Indenture, pursuant to which Products Corporation assumed the obligations of the Escrow Issuer under the 6.25% Senior Notes and the 6.25% Senior Notes Indenture and the 6.25% Senior Notes Guarantors jointly and severally, fully and unconditionally guaranteed the 6.25% Senior Notes on a senior unsecured basis (the "6.25% Senior Notes Guarantees"). The 6.25% Senior Notes Guarantors are the same entities that are subsidiary guarantors under the 2016 Senior Credit Facilities.

In December 2016, Products Corporation consummated an offer to exchange the original 6.25% Senior Notes for $450 million of new 6.25% Senior Notes, which have substantially the same terms as the original 6.25% Senior Notes, except that they are registered under the Securities Act (such registered new notes being the "6.25% Senior Notes").

Ranking: The 6.25% Senior Notes are Products Corporation’s senior, unsubordinated and unsecured obligations, ranking: (i) pari passu in right of payment with all of Products Corporation’s existing and future senior unsecured indebtedness; (ii) senior in right of payment to all of Products Corporation’s and the 6.25% Senior Notes Guarantors’ future subordinated indebtedness; and (iii) effectively junior to all of Products Corporation’s and the 6.25% Senior Notes Guarantors’ existing and future senior secured indebtedness, including, indebtedness under Products Corporation’s 2016 Senior Credit Facilities, to the extent of the value of the assets securing such indebtedness. The 6.25% Senior Notes and the 6.25% Senior Notes Guarantees are: (i) structurally subordinated to all of the liabilities and preferred stock of any of the Company’s subsidiaries that do not guarantee the 6.25% Senior Notes; and (ii) pari passu in right of payment with liabilities of the 6.25% Senior Notes Guarantors other than expressly subordinated indebtedness. The 6.25% Senior Notes and the 6.25% Senior Notes Guarantees rank effectively junior to indebtedness and preferred stock of Products Corporation’s foreign and immaterial subsidiaries (the "6.25% Senior Notes Non-Guarantor Subsidiaries"), none of which guarantee the 6.25% Senior Notes.

Optional Redemption: Prior to August 1, 2019, Products Corporation may redeem the 6.25% Senior Notes at its option, at any time as a whole or from time to time in part, upon Products Corporation’s payment of an applicable make-whole premium based on the comparable treasury rate plus 50 basis points. Prior to August 1, 2019, up to 40% of the aggregate principal amount of 6.25% Senior Notes that have been issued may also be redeemed at Products Corporation’s option at any time as a whole or from time-to-time in part, at a redemption price equal to 106.250% of the principal amount thereof, plus accrued and unpaid interest to (but not including) the date of redemption with the proceeds of certain equity offerings and capital contributions (so long as at least 60% of the 6.25% Senior Notes that have been issued thereafter remain outstanding). On and after August 1, 2019, Products Corporation may redeem the 6.25% Senior Notes at its option, at any time as a whole, or from time to time in part, at the following redemption prices (expressed as percentages of principal amount), plus accrued interest to (but not including) the date of redemption, if redeemed during the 12-month period beginning on August 1 of the years indicated below:



Period	Optimal Redemption Premium Percentage
2019	104.688	%
2020	103.125	%
2021	101.563	%
2022 and thereafter	100.000	%

All redemptions (and notices thereof) may be subject to various conditions precedent, and redemption dates specified in such notices may be extended so that such conditions precedent may be fulfilled (to the extent redemption on such dates is otherwise permitted by the 6.25% Senior Notes Indenture).

Change of Control: Upon the occurrence of specified change of control events, Products Corporation is required to make an offer to purchase all of the 6.25% Senior Notes at a purchase price of 101% of the outstanding principal amount of the 6.25% Senior Notes as of the date of any such repurchase, plus accrued and unpaid interest to (but not including) the date of repurchase.

Certain Covenants: The 6.25% Senior Notes Indenture imposes certain limitations on Products Corporation’s and the 6.25% Senior Notes Guarantors’ ability, and the ability of certain other subsidiaries, to: (i) incur or guarantee additional indebtedness or issue preferred stock; (ii) pay dividends, make certain investments and make repayments on indebtedness that is subordinated in right of payment to the 6.25% Senior Notes and make other "restricted payments"; (iii) create liens on their assets to secure debt; (iv) enter into transactions with affiliates; (v) merge, consolidate or amalgamate with another company; (vi) transfer and sell assets; and (vii) permit restrictions on the payment of dividends by Products Corporation's subsidiaries.

These covenants are subject to important qualifications and exceptions. The 6.25% Senior Notes Indenture also contains customary affirmative covenants and events of default. In addition, if during any period of time the 6.25% Senior Notes receive investment grade ratings from both Standard & Poor’s and Moody’s Investors Services, Inc. and no default or event of default has occurred and is continuing under the 6.25% Senior Notes Indenture, Products Corporation and its subsidiaries will not be subject to the covenants regarding limitations on debt, limitations on restricted payments, limitation on guarantees by restricted subsidiaries, limitation on transactions with affiliates, certain provisions of the successor company covenant, limitation on asset sales and limitation on dividends from restricted subsidiaries.

During 2016, in connection with consummating the 6.25% Senior Notes Offering, the Company incurred approximately $11.3 million of fees and expenses, all of which were capitalized and are being amortized over the remaining term of the 6.25% Senior Notes using the effective interest method.

(d) 5.75% Senior Notes

On February 8, 2013, Products Corporation completed its offering (the "2013 Senior Notes Refinancing"), pursuant to an exemption from registration under the Securities Act, of $500 million aggregate principal amount of the 5.75% Senior Notes. The 5.75% Senior Notes are unsecured and were issued to investors at par. The 5.75% Senior Notes mature on February 15, 2021. Interest on the 5.75% Senior Notes accrues at 5.75% per annum, paid every six months on February 15^th and August 15^th.

The 5.75% Senior Notes were issued pursuant to the 5.75% Senior Notes Indenture (the "5.75% Senior Notes Indenture" and together with the 6.25% Senior Notes Indenture, the "Senior Notes Indentures"), dated as of February 8, 2013 (the "5.75% Senior Notes Closing Date"), by and among Products Corporation, Products Corporation’s domestic subsidiaries (the "5.75% Senior Notes Guarantors"), which also currently guarantee Products Corporation’s 2016 Senior Credit Facilities and the 6.25% Senior Notes, and U.S. Bank National Association, as trustee (the "5.75% Senior Notes Trustee"). The 5.75% Senior Notes Guarantors issued guarantees (the "5.75% Senior Notes Guarantees") of Products Corporation’s obligations under the 5.75% Senior Notes and the 5.75% Senior Notes Indenture on a joint and several, senior unsecured basis.

In December 2013, Products Corporation consummated an offer to exchange the original 5.75% Senior Notes for $500 million of new 5.75% Senior Notes, which have substantially the same terms as the original 5.75% Senior Notes, except that they are registered under the Securities Act (such registered new notes being the "5.75% Senior Notes").

Products Corporation used a portion of the $491.2 million of net proceeds from the issuance of the 5.75% Senior Notes (net of underwriters' fees) to repay and redeem all of the $330 million then outstanding aggregate principal amount of its 9.75% Senior Secured Notes, as well as to pay $8.6 million of accrued interest. Products Corporation incurred an aggregate of $19.4 million of fees for the applicable redemption and tender offer premiums, related fees and expenses in connection with redemption and repayment of the 9.75% Senior Secured Notes and other fees and expenses in connection with the issuance of the 5.75% Senior Notes. Products Corporation used a portion of the remaining proceeds from the issuance of the 5.75% Senior Notes, together with existing cash, to pay approximately $113 million of principal on its then outstanding 2011 Term Loan in conjunction with the February 2013 Term Loan Amendments. Products Corporation used the remaining balance available from the issuance of the 5.75% Senior Notes for general corporate purposes, including, without limitation, debt reduction transactions, such as repaying a loan to Revlon at its maturity on October 8, 2013, which proceeds Revlon used to pay the liquidation preference of Revlon's then outstanding Series A Preferred Stock, in connection with its mandatory redemption on such date.

Ranking: The 5.75% Senior Notes are Products Corporation’s unsubordinated, unsecured obligations and rank senior in right of payment to any future subordinated obligations of Products Corporation and rank pari passu in right of payment with all existing and future senior debt of Products Corporation. Similarly, each 5.75% Senior Notes Guarantee is the relevant 5.75% Senior Notes Guarantor’s joint and several, unsubordinated and unsecured obligation, ranking senior in right of payment to any future subordinated obligations of such 5.75% Senior Notes Guarantor and ranking pari passu in right of payment with all existing and future senior debt of such 5.75% Senior Notes Guarantor. The 5.75% Senior Notes Guarantees were issued on a joint and several basis.

The 5.75% Senior Notes and the 5.75% Senior Notes Guarantees rank effectively junior to Products Corporation’s 2016 Senior Credit Facilities, which are secured, as well as indebtedness and preferred stock of Products Corporation’s foreign and immaterial subsidiaries (the "5.75% Senior Notes Non-Guarantor Subsidiaries" and together with the 6.25% Senior Notes Non-Guarantor Subsidiaries, the "Non-Guarantor Subsidiaries"), none of which guarantee the 5.75% Senior Notes.

Optional Redemption: The 5.75% Senior Notes may be redeemed at Products Corporation's option, at any time as a whole, or from time-to-time in part, at the following redemption prices (expressed as percentages of principal amount), plus accrued interest to the date of redemption, if redeemed during the 12-month period beginning on February 15^th of the years indicated below:



Period	Percentage
2017	102.875	%
2018	101.438	%
2019 and thereafter	100.000	%

Change of Control: Upon the occurrence of specified change of control events, Products Corporation is required to make an offer to purchase all of the 5.75% Senior Notes at a purchase price of 101% of the outstanding principal amount of the 5.75% Senior Notes as of the date of any such repurchase, plus accrued and unpaid interest to the date of repurchase.

Certain Covenants: The 5.75% Senior Notes Indenture limits Products Corporation’s and the 5.75% Senior Notes Guarantors’ ability, and the ability of certain other subsidiaries, to:


•	incur or guarantee additional indebtedness ("Limitation on Debt");


•	pay dividends, make repayments on indebtedness that is subordinated in right of payment to the 5.75% Senior Notes and make other "restricted payments" ("Limitation on Restricted Payments");


•	make certain investments;


•	create liens on their assets to secure debt;


•	enter into transactions with affiliates;


•	merge, consolidate or amalgamate with another company ("Successor Company");


•	transfer and sell assets ("Limitation on Asset Sales"); and


•	permit restrictions on the payment of dividends by Products Corporation’s subsidiaries ("Limitation on Dividends from Subsidiaries").

These covenants are subject to important qualifications and exceptions. The 5.75% Senior Notes Indenture also contains customary affirmative covenants and events of default.

In addition, if during any period of time the 5.75% Senior Notes receive investment grade ratings from both Standard & Poor’s and Moody’s Investors Services, Inc. and no default or event of default has occurred and is continuing under the 5.75% Senior Notes Indenture, Products Corporation and its subsidiaries will not be subject to the covenants on Limitation on Debt, Limitation on Restricted Payments, Limitation on Asset Sales, Limitation on Dividends from Subsidiaries and certain provisions of the Successor Company covenant.

Covenants

Products Corporation was in compliance with all applicable covenants under the 2016 Senior Credit Facilities as of December 31, 2017. At December 31, 2017, the aggregate principal amounts outstanding under the 2016 Term Loan Facility and the 2016 Revolving Credit Facility were $1,777.5 million and $157 million, respectively. At December 31, 2017, availability under the $400 million 2016 Revolving Credit Facility was $193 million, based upon the calculated borrowing base of $381.9 million, less $10.1 million of outstanding undrawn letters of credit, $21.8 million in outstanding checks and $157 million then drawn on the 2016 Revolving Credit Facility.

Products Corporation was in compliance with all applicable covenants under its Senior Notes Indentures as of December 31, 2017.

Long-Term Debt Maturities

The aggregate amounts of contractual long-term debt maturities at December 31, 2017 in the years 2018 through 2022 and thereafter are as follows:



Years Ended December 31,	Long-Term Debt Maturities
2018	$	175.1		^(a)
2019	18.1			^(b)
2020	18.1			^(b)
2021	518.1			^(c)
2022	18.1			^(b)
Thereafter	2,137.5
Total long-term debt	2,885.0
Discounts and deferred finance charges	(61.1		)
Total long-term debt, net of discounts and deferred finance charges	$	2,823.9


^(a)	Amount consists primarily of $157 million in aggregate principal amount of borrowings under the 2016 Revolving Credit Facility and the quarterly amortization payments required under the 2016 Term Loan Facility.


^(b)	Amount consists primarily of quarterly amortization payments described in (a) above.


^(c)	Amount is primarily comprised of the $500 million in aggregate principal amount outstanding as of December 31, 2017 under the 5.75% Senior Notes, which mature on February 15, 2021, and the quarterly amortization payment described in (a) above.

FAIR VALUE MEASUREMENTS

12 Months Ended

Dec. 31, 2017

Fair Value Disclosures [Abstract]

FAIR VALUE MEASUREMENTS

Assets and liabilities are required to be categorized into three levels of fair value based upon the assumptions used to price the assets or liabilities. Level 1 provides the most reliable measure of fair value, whereas Level 3, if applicable, generally would require significant management judgment. The three levels for categorizing the fair value measurement of assets and liabilities are as follows:


•	Level 1: Fair valuing the asset or liability using observable inputs, such as quoted prices in active markets for identical assets or liabilities;


•	Level 2: Fair valuing the asset or liability using inputs other than quoted prices that are observable for the applicable asset or liability, either directly or indirectly, such as quoted prices for similar (as opposed to identical) assets or liabilities in active markets and quoted prices for identical or similar assets or liabilities in markets that are not active; and


•	Level 3: Fair valuing the asset or liability using unobservable inputs that reflect the Company’s own assumptions regarding the applicable asset or liability.

As of December 31, 2017, the fair values of the Company’s financial assets and liabilities that were required to be measured at fair value are categorized in the table below:



	Total		Level 1		Level 2		Level 3
Assets:
Derivatives:
FX Contracts^(a)	$	0.6	$	—	$	0.6	$	—
Total assets at fair value	$	0.6	$	—	$	0.6	$	—
Liabilities:
Derivatives:
FX Contracts^(a)	$	1.9	$	—	$	1.9	$	—
2013 Interest Rate Swap^(b)	0.9		—		0.9		—
Total liabilities at fair value	$	2.8	$	—	$	2.8	$	—

As of December 31, 2016, the fair values of the Company’s financial assets and liabilities that were required to be measured at fair value are categorized in the table below:



	Total		Level 1		Level 2		Level 3
Assets:
Derivatives:
FX Contracts^(a)	$	2.3	$	—	$	2.3	$	—
Total assets at fair value	$	2.3	$	—	$	2.3	$	—
Liabilities:
Derivatives:
FX Contracts^(a)	$	1.1	$	—	$	1.1	$	—
2013 Interest Rate Swap^(b)	4.7		—		4.7		—
Total liabilities at fair value	$	5.8	$	—	$	5.8	$	—

(a)The fair value of the Company’s FX Contracts was measured based on observable market transactions for similar transactions in actively quoted markets of spot and forward rates on the respective dates. See Note 13, "Financial Instruments."

(b)The fair value of Products Corporation's 2013 Interest Rate Swap, which expires in May 2018 (as hereinafter defined) was measured based on the implied forward rates from the U.S. Dollar three-month LIBOR yield curve on the respective dates. See Note 13, "Financial Instruments."

As of December 31, 2017, the fair value and carrying value of the Company’s long-term debt, including the current portion of long-term debt, are categorized in the table below:



	Fair Value
	Level 1		Level 2		Level 3		Total		Carrying Value
Liabilities:
Long-term debt, including current portion	$	—	$	2,131.5	$	—	$	2,131.5	$	2,823.9

As of December 31, 2016, the fair value and carrying value of the Company’s long-term debt, including the current portion of long-term debt, are categorized in the table below:



	Fair Value
	Level 1		Level 2		Level 3		Total		Carrying Value
Liabilities:
Long-term debt, including current portion	$	—	$	2,770.9	$	—	$	2,770.9	$	2,681.2

The fair value of the Company's long-term debt, including the current portion of long-term debt, is based on quoted market prices for similar issuances and maturities.

The carrying amounts of cash and cash equivalents, trade receivables, notes receivable, accounts payable and short-term borrowings approximate their respective fair values.

Derivative Instruments and Hedging Activities Disclosure [Abstract]

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

FINANCIAL INSTRUMENTS

12 Months Ended

Dec. 31, 2017

FINANCIAL INSTRUMENTS

Products Corporation maintains standby and trade letters of credit for various corporate purposes under which Products Corporation is obligated, of which $10.1 million and $10.4 million (including amounts available under credit agreements in effect at that time) were maintained at December 31, 2017 and December 31, 2016, respectively. Included in these amounts are approximately $7.3 million in standby letters of credit that support Products Corporation’s self-insurance programs as of both December 31, 2017 and 2016. The estimated liability under such programs is accrued by Products Corporation.

Derivative Financial Instruments

The Company uses derivative financial instruments, primarily: (i) FX Contracts, intended for the purpose of managing foreign currency exchange risk by reducing the effects of fluctuations in foreign currency exchange rates on the Company’s net cash flows; and (ii) interest rate hedging transactions, such as the 2013 Interest Rate Swap, intended for the purpose of managing interest rate risk associated with Products Corporation’s variable rate indebtedness. The Company does not hold or issue financial instruments for speculative or trading purposes.

Foreign Currency Forward Exchange Contracts

The FX Contracts are entered into primarily to hedge the anticipated net cash flows resulting from inventory purchases and intercompany payments denominated in currencies other than the local currencies of the Company’s foreign and domestic operations and generally have maturities of less than one year.

The U.S. Dollar notional amount of the FX Contracts outstanding at December 31, 2017 and December 31, 2016 was $147.1 million and $79.6 million, respectively.

Interest Rate Swap Transaction

In November 2013, Products Corporation executed a forward-starting floating-to-fixed interest rate swap transaction (the "2013 Interest Rate Swap") that, at its inception, was based on a notional amount of $400 million in respect of indebtedness under Products Corporation’s 2013 bank term loan, that was incurred in connection with completing the October 2013 Colomer Acquisition (the "Old Acquisition Term Loan"). The 2013 Interest Rate Swap initially had a floor of 1.00% that in December 2016 was amended to 0.75%. In connection with entering into the 2016 Term Loan Facility, the 2013 Interest Swap was carried over to apply to a notional amount of $400 million in respect of indebtedness under such loan for the remaining balance of the term of such swap, which expires in May 2018. The Company initially designated the 2013 Interest Rate Swap as a cash flow hedge of the variability of the forecasted three-month LIBOR interest rate payments initially related to the $400 million notional amount under the Old Acquisition Term Loan over the three-year term of the 2013 Interest Rate Swap (and subsequently to the $400 million notional amount under the 2016 Term Loan Facility for the remaining balance of the term of such swap, which expires in May 2018). Under the terms of the 2013 Interest Rate Swap, commencing in May 2015, Products Corporation receives from the counterparty a floating interest rate based on the higher of the three-month U.S. Dollar LIBOR or the floor percentage in effect, while paying a fixed interest rate payment to the counterparty equal to 2.0709% (which, with respect to the 2016 Term Loan Facility, effectively fixes the interest rate on such notional amount at 5.5709% through May 2018). At December 31, 2017, the fair value of the 2013 Interest Rate Swap was a liability of $0.9 million and the accumulated loss recorded in accumulated other comprehensive loss was $0.7 million, net of tax.

As a result of completely refinancing the Old Acquisition Term Loan with a portion of the proceeds from Product's Corporation's consummation of the 2016 Senior Credit Facilities and the 6.25% Senior Notes Offering in connection with consummating the Elizabeth Arden Acquisition, the critical terms of the 2013 Interest Rate Swap no longer matched the terms of the underlying debt under the 2016 Term Loan Facility. At the refinancing date, which was the same as the September 7, 2016 Elizabeth Arden Acquisition Date (the "De-designation Date"), the 2013 Interest Rate Swap was determined to no longer be highly effective and the Company discontinued hedge accounting for the 2013 Interest Rate Swap. Following the de-designation of the 2013 Interest Rate Swap, changes in fair value have been accounted for as a component of other non-operating expenses. Accumulated deferred losses of $6.3 million, or $3.9 million net of tax, at the De-designation Date, that were previously recorded as a component of accumulated other comprehensive loss, will be fully amortized into earnings over the remaining term of the 2013 Interest Rate Swap, which expires in May 2018. At December 31, 2017, $1.2 million, or $0.7 million net of tax, remains as a component of accumulated other comprehensive loss related to the 2013 Interest Rate Swap, all of which will be amortized into earnings over the next 12 months. See "Quantitative Information – Derivative Financial Instruments" below.

Credit Risk

Exposure to credit risk in the event of nonperformance by any of the counterparties is limited to the gross fair value of the derivative instruments in asset positions, which totaled $0.6 million and $2.3 million as of December 31, 2017 and December 31, 2016, respectively. The Company attempts to minimize exposure to credit risk by generally entering into derivative contracts with counterparties that have investment-grade credit ratings and are major financial institutions. The Company also periodically monitors any changes in the credit ratings of its counterparties. Given the current credit standing of the Company's counterparties to its derivative instruments, the Company believes that the risk of loss under these derivative instruments arising from any non-performance by any of the counterparties is remote.

Quantitative Information – Derivative Financial Instruments

As of December 31, 2017 and 2016, the fair values of the Company's derivative financial instruments in its Consolidated Balance Sheets were as follows:



	Fair Values of Derivative Instruments
	Assets					Liabilities
	Balance Sheet	December 31, 2017		December 31, 2016		Balance Sheet	December 31, 2017		December 31, 2016
	Classification	Fair Value		Fair Value		Classification	Fair Value		Fair Value
Derivatives not designated as hedging instruments:
FX Contracts^(a)	Prepaid expenses and other	$	0.6	$	2.3	Accrued Expenses	$	1.9	$	1.1
2013 Interest Rate Swap^(b)	Prepaid expenses and other	—		—		Accrued expenses and other	0.9		3.7
	Other assets	—		—		Other long-term liabilities	—		1.0

^(a) The fair values of the FX Contracts at December 31, 2017 and December 31, 2016 were measured based on observable market transactions of spot and forward rates at December 31, 2017 and December 31, 2016, respectively.

^(b) The fair values of the 2013 Interest Rate Swap at December 31, 2017 and December 31, 2016 were measured based on the implied forward rates from the U.S. Dollar three-month LIBOR yield curve at December 31, 2017 and December 31, 2016, respectively.

The effects of the Company's derivative financial instruments on its Consolidated Statements of Operations and Comprehensive (Loss) Income were as follows for the periods presented:



	Amount of Gain (Loss) Recognized in Other Comprehensive (Loss) Income
	Year Ended December 31,
	2017		2016		2015
Derivatives previously designated as hedging instruments:
2013 Interest Rate Swap, net of tax ^(a)	$	2.3	$	0.8	$	(1.6	)

^(a) Net of tax (benefit) expense of $(1.4) million, $0.5 million and $(1.0) million for 2017, 2016 and 2015, respectively.



Derivative Instruments	Statement of Operations Classification	Amount of Gain (Loss) Recognized in Net (Loss) Income
		Year Ended December 31,
		2017			2016			2015
Derivatives designated as hedging instruments:
2013 Interest Rate Swap	Interest Expense	$	(3.7	)	$	(4.3	)	$	(2.6	)
Derivatives not designated as hedging instruments:
FX Contracts	Foreign currency gain (loss), net	$	(4.1	)	$	2.1		$	3.8
2013 Interest Rate Swap	Miscellaneous, net	0.1			0.7			—

PENSION AND POST-RETIREMENT BENEFITS

12 Months Ended

Dec. 31, 2017

Retirement Benefits [Abstract]

PENSION AND POST-RETIREMENT BENEFITS

Savings Plan:

The Company offers a qualified defined contribution plan for its U.S.-based employees, the Revlon Employees' Savings, Investment and Profit Sharing Plan (as amended, the "Savings Plan"), which allows eligible participants to contribute up to 25%, and highly compensated participants to contribute up to 8%, of eligible compensation through payroll deductions, subject to certain annual dollar limitations imposed by the Internal Revenue Service (the "IRS"). The Company matches employee contributions at fifty cents for each dollar contributed up to the first 6% of eligible compensation. The Company made cash matching contributions to the Savings Plan of $3 million, $2.6 million and $2.5 million during 2017, 2016 and 2015, respectively. In addition, the Company made cash contributions of $2.5 million and $0.8 million during 2017 and 2016, respectively, to the Elizabeth Arden defined contribution plan, which it acquired in the 2016 Elizabeth Arden Acquisition. Effective January 1, 2018, the Company merged the Elizabeth Arden defined contribution plan into the Company's Savings Plan. The Company also offers a non-qualified defined contribution plan (the "Excess Savings Plan") providing benefits for certain U.S. employees who are in excess of IRS limitations. These non-qualified defined contribution benefits are funded from the Company's general assets.

The Company’s qualified and non-qualified defined contribution savings plans for its U.S.-based employees contain a discretionary profit sharing component that enables the Company, should it elect to do so, to make discretionary profit sharing contributions. For 2017, the Company made discretionary profit sharing contributions to the Savings Plan and Excess Savings Plan of $5.1 million (of which $4.0 million was paid in 2017 and $1.1 million was paid in January 2018), or 3% of eligible compensation, which was credited on a quarterly basis. For 2016, the Company made discretionary profit sharing contributions to the Savings Plan and Excess Savings Plan of $5 million (of which $3.9 million was paid in 2016 and $1.1 million was paid in January 2017), or 3% of eligible compensation, which was credited on a quarterly basis. For 2015, the Company made discretionary profit sharing contributions to the Savings Plan and Excess Savings Plan of $4.8 million (of which $3.7 million was paid in 2015 and $1.1 million was paid in January 2016), or 3% of eligible compensation, which was credited on a quarterly basis.

Pension Benefits:

In 2009, Products Corporation’s U.S. qualified defined benefit pension plan (the Revlon Employees’ Retirement Plan, which covered a substantial portion of the Company's employees in the U.S.) and its non-qualified pension plan (the Revlon Pension Equalization Plan) were amended to cease future benefit accruals under such plans after December 31, 2009. No additional benefits have accrued since December 31, 2009, other than interest credits on participant account balances under the cash balance program of the Company’s U.S. pension plans. Also, service credits for vesting and early retirement eligibility will continue to accrue in accordance with the terms of the respective plans. In 2010, the Company amended its Canadian defined benefit pension plan (the Affiliated Revlon Companies Employment Plan) to reduce future benefit accruals under such plan after December 31, 2010. Additionally, while the Company closed its U.K. defined pension plan to new entrants in 2002, then-existing participants continue to accrue pension benefits.

Effective December 31, 2012, Products Corporation merged two of its U.S. qualified defined benefit pension plans; therefore, as of December 31, 2012, Products Corporation sponsors two U.S. qualified defined benefit pension plans. The Company also has non-qualified pension plans that provide benefits for certain U.S. and non-U.S. employees, and for U.S. employees in excess of IRS limitations in the U.S. and in certain limited cases contractual benefits for certain former officers of the Company. These non-qualified plans are funded from the Company's general assets.

In the fourth quarter of 2015, the Company offered certain former employees who had vested benefits in the Revlon Employees’ Retirement Plan the option of receiving the present value of the participant’s pension benefit in a one-time cash lump sum payment, an annuity form of benefit or the ability to maintain their deferred vested status in the pension plan. Based upon the participants' acceptance of that offer, $53.4 million was paid from the plan's assets in December 2015, with a corresponding decrease in the plan's benefit obligation. As a result of such program, the Company recorded a $20.7 million charge as a result of the pension lump sum settlement in the fourth quarter of 2015. Of this charge, $10.3 million and $10.4 million was included in cost of sales and SG&A expenses, respectively.

Other Post-retirement Benefits:

The Company previously sponsored an unfunded retiree benefit plan, which provides death benefits payable to beneficiaries of a very limited number of former employees. Participation in this plan was limited to participants enrolled as of December 31, 1993. The Company also administers an unfunded medical insurance plan on behalf of Revlon Holdings, certain costs of which have been apportioned to Revlon Holdings under the transfer agreements among Revlon, Products Corporation and MacAndrews & Forbes. (See Note 22, "Related Party Transactions - Transfer Agreements").

The following table provides an aggregate reconciliation of the projected benefit obligations, plan assets, funded status and amounts recognized in the Company’s Consolidated Financial Statements related to the Company's significant pension and other post-retirement benefit plans:



	Pension Plans						Other Post-Retirement Benefit Plans
	December 31,
	2017			2016			2017			2016
Change in Benefit Obligation:
Benefit obligation - beginning of year	$	(640.5	)	$	(649.4	)	$	(13.4	)	$	(13.0	)
Service cost	(3.0		)	(0.5		)	—			—
Interest cost	(19.6		)	(20.7		)	(0.4		)	(0.4		)
Actuarial (loss) gain	(22.3		)	(21.6		)	(1.1		)	(1.0		)
Curtailment gain	3.3			—			—			—
Other pension settlements	3.6			—			—			—
Benefits paid	43.2			42.8			0.9			1.0
Other ^(a)	(18.4		)	—			—			—
Plan participant contributions	(0.7		)	—			—			—
Foreign currency translation adjustments	(7.0		)	8.9			—			—
Benefit obligation - end of year	$	(661.4	)	$	(640.5	)	$	(14.0	)	$	(13.4	)
Change in Plan Assets:
Fair value of plan assets - beginning of year	$	464.0		$	473.9		$	—		$	—
Actual return on plan assets	53.5			35.8			—			—
Employer contributions	7.6			7.3			0.9			1.0
Other pension settlements	(3.6		)	—			—			—
Benefits paid	(43.2		)	(42.8		)	(0.9		)	(1.0		)
Other ^(a)	11.6
Plan participant contributions	0.7
Foreign currency translation adjustments	6.6			(10.2		)	—			—
Fair value of plan assets - end of year	$	497.2		$	464.0		$	—		$	—
Unfunded status of plans at December 31,	$	(164.2	)	$	(176.5	)	$	(14.0	)	$	(13.4	)


^(a)	Other includes the addition of a foreign non-qualified defined benefit plan assumed in connection with the Elizabeth Arden Acquisition.

With respect to the Company's pension plans and other post-retirement benefit plans, amounts recognized in the Company’s Consolidated Balance Sheets at December 31, 2017 and 2016 consisted of the following:



	Pension Plans						Other Post-Retirement Benefit Plans
	December 31,
	2017			2016			2017			2016
Other long-term assets	$	1.5		$	—		$	—		$	—

Accrued expenses and other	(6.2		)	(6.1		)	(0.7		)	(0.8		)
Pension and other post-retirement benefit liabilities	(159.5		)	(170.4		)	(13.3		)	(12.6		)
Total liability	$	(164.2	)	$	(176.5	)	$	(14.0	)	$	(13.4	)

Accumulated other comprehensive loss, gross	$	253.2		$	266.6		$	4.5		$	3.6
Income tax (benefit) expense	(43.3		)	(44.3		)	(0.9		)	(0.4		)
Portion allocated to Revlon Holdings	(0.9		)	(0.9		)	(0.2		)	(0.2		)
Accumulated other comprehensive loss, net	$	209.0		$	221.4		$	3.4		$	3.0

With respect to the above accrued expenses and other, the Company has recorded receivables from affiliates of $2.6 million and $2.7 million at December 31, 2017 and 2016, respectively, relating to pension plan liabilities retained by such affiliates.

As of December 31, 2017 and 2016, the projected benefit obligation, accumulated benefit obligation and fair value of plan assets for the Company's pension plans are as follows:



	December 31,
	2017		2016
Projected benefit obligation	$	661.4	$	640.5
Accumulated benefit obligation	661.1		640.2
Fair value of plan assets	497.2		464.0

Net Periodic Benefit Cost:

The components of net periodic benefit costs (income) for the Company's pension and the other post-retirement benefit plans are as follows:



	Pension Plans									Other Post-Retirement Benefit Plans
	Year Ended December 31,
	2017			2016			2015			2017		2016			2015
Net periodic benefit costs (income):
Service cost	$	3.0		$	0.5		$	0.7		$	—	$	—		$	—
Interest cost	19.6			20.7			28.6			0.4		0.4			0.5
Expected return on plan assets	(28.6		)	(31.0		)	(40.3		)	—		—			—
Amortization of actuarial loss	9.5			8.8			8.4			0.3		0.2			0.1
Lump sum settlement charge	—			—			20.7			—		—			—
Curtailment gain^(a)	(2.6		)	—			—			—		—			—
Other pension settlements charge	—			—			0.3			—		—			—
Total net periodic benefit costs (income) prior to allocation	$	0.9		$	(1.0	)	$	18.4		$	0.7	$	0.6		$	0.6
Portion allocated to Revlon Holdings	(0.1		)	(0.1		)	(0.1		)	—		(0.1		)	(0.1		)
Total net periodic benefit costs (income)	$	0.8		$	(1.1	)	$	18.3		$	0.7	$	0.5		$	0.5


^(a)	As a result of the Elizabeth Arden Acquisition, the Company recognized $2.6 million in curtailment gains related to a foreign non-qualified defined benefit plan of Elizabeth Arden.

For 2017, the Company recognized net periodic benefit cost of $1.5 million, compared to net periodic benefit income of $0.6 million in 2016, primarily due to the lower return on plan assets and higher service costs during 2017, partially offset by a curtailment gain resulting from a certain foreign non-qualified benefit plan of Elizabeth Arden.

For 2016, the Company recognized net periodic benefit income of $0.6 million, compared to net periodic benefit cost of $18.8 million in 2015, primarily due to the pension lump sum settlement charge recorded in the fourth quarter of 2015, which was not repeated in 2016, as well as the Company's adoption of the alternative approach to calculating the service and interest components of net periodic benefit cost for pension and other post-retirement benefits (the "full yield curve" approach), which was adopted by the Company at December 31, 2015, discussed below.

Net periodic benefit costs (income) are reflected in the Company's Consolidated Financial Statements as follows:



	Year Ended December 31,
	2017			2016
Net periodic benefit (income) costs:
Cost of sales	$	(1.0	)	$	(2.5	)
Selling, general and administrative expense	2.5			1.9
Total net periodic benefit costs (income)	$	1.5		$	(0.6	)

Amounts recognized in accumulated other comprehensive loss at December 31, 2017 with respect to the Company’s pension plans and other post-retirement plans, which have not yet been recognized as a component of net periodic benefit cost, were as follows:



	Pension Benefits			Post-Retirement Benefits			Total
Net actuarial loss	$	253.2		$	4.5		$	257.7
Accumulated Other Comprehensive Loss, Gross	253.2			4.5			257.7
Income tax benefit	(43.3		)	(0.9		)	(44.2		)
Portion allocated to Revlon Holdings	(0.9		)	(0.2		)	(1.1		)
Accumulated Other Comprehensive Loss, Net	$	209.0		$	3.4		$	212.4

The total actuarial losses and prior service costs with respect to the Company’s pension plans and other post-retirement plans included in accumulated other comprehensive loss at December 31, 2017 expected to be recognized in net periodic benefit cost during the fiscal year ending December 31, 2018, is $9.0 million and $0.4 million, respectively.

Pension Plan Assumptions:

The following weighted average assumptions were used to determine the Company’s projected benefit obligation of the Company’s U.S. and International pension plans at the end of the respective years:



	U.S. Plans				International Plans
	2017		2016		2017		2016
Discount rate	3.47	%	3.92	%	2.19	%	2.66	%
Rate of future compensation increases	3.50	%	3.50	%	1.75	%	2.20	%

The following weighted average assumptions were used to determine the Company’s net periodic benefit (income) cost of the Company’s U.S. and International pension plans during the respective years:



	U.S. Plans						International Plans
	2017		2016		2015		2017		2016		2015
Discount rate	3.92	%	4.15	%	3.89	%	2.24	%	3.68	%	3.74	%
Expected long-term return on plan assets	6.50	%	7.00	%	7.50	%	4.81	%	6.00	%	6.00	%
Rate of future compensation increases	3.50	%	3.50	%	3.50	%	2.01	%	2.22	%	2.33	%

Effective December 31, 2015, the Company adopted the "full yield curve" method as an alternative approach to calculating the service and interest components of net periodic benefit cost for the Company's pension and other post-retirement benefits. Under the "full yield curve" method, the discount rate assumption was built through the application of specific spot rates along the yield curve used in the determination of the benefit obligation to the relevant projected cash flows for each of the Company's pension and other post-retirement plans. Prior to December 31, 2015, the Company estimated the service and interest cost components utilizing a single weighted-average discount rate derived from the yield curve used to measure the projected benefit obligation at the beginning of the period. The change did not affect the measurement of the Company's total projected benefit obligations, as the change in service and interest costs was exactly offset in the actuarial loss (gain) recognized for each year. The Company made this change to provide a more precise measurement of service and interest costs by improving the correlation between projected benefit cash flows to the corresponding spot yield curve rates. The change to the "full yield curve" method was accounted for as a change in accounting estimate that was inseparable from a change in accounting principle, and accordingly, was accounted for prospectively.

In selecting its expected long-term rate of return on its pension plan assets, the Company considers a number of factors, including, without limitation, recent and historical performance of pension plan assets, the pension plan portfolios' asset allocations over a variety of time periods compared with third-party studies, the performance of the capital markets in recent years and other factors, as well as advice from various third parties, such as the pension plans' advisors, investment managers and actuaries. While the Company considered both the recent performance and the historical performance of pension plan assets, the Company’s assumptions are based primarily on its estimates of long-term, prospective rates of return. Using the aforementioned methodologies, the Company selected a 6.5% and 4.81% weighted-average long-term rate of return on plan assets assumption during 2017 for the U.S. and International pension plans, respectively. Differences between actual and expected asset returns are recognized in the net periodic benefit cost over the remaining service period of the active participating employees.

The rate of future compensation increases is an assumption used by the actuarial consultants for pension accounting and is determined based on the Company’s current expectation for such increases.

Investment Policy:

The Investment Committee for the Company's U.S. pension plans (the "Investment Committee") has adopted (and revises from time-to-time) an investment policy for the Company's U.S. pension plans with the objective of realizing a long-term rate of return on pension plan assets that meets or exceeds, over time, the expected long-term rate of return on plan assets assumption, weighed against a reasonable risk level. In connection with this objective, the Investment Committee retains a professional investment advisor who recommends investment managers that invest plan assets in the following asset classes: common and preferred stock, mutual funds, fixed income securities, common and collective funds, hedge funds, group annuity contracts and cash and other investments. The Company’s International plans follow a similar methodology in conjunction with local actuarial consultants and asset managers.

The investment policy adopted by the Investment Committee provides for investments in a broad range of publicly-traded securities, among other things. The investments are in domestic and international stocks, ranging from small to large capitalization stocks, debt securities ranging from domestic and international treasury issues, corporate debt securities, mortgages and asset-backed issues. Other investments may include cash and cash equivalents and hedge funds. The investment policy also allows for investments in private equity funds that are not covered in investments described above, provided that the Investment Committee approves any such investments prior to their selection. Also, global balanced strategies are utilized to provide for investments in a broad range of publicly-traded stocks and bonds in both domestic and international markets, as described above. In addition, the global balanced strategies can include commodities, provided that the Investment Committee approves any such investments prior to their selection.

The Investment Committee’s investment policy does not allow the use of derivatives for speculative purposes, but such policy does allow its investment managers to use derivatives for the purpose of reducing risk exposures or to replicate exposures of a particular asset class.

The Company’s U.S. and International pension plans have target asset allocation ranges that are intended to be flexible guidelines for allocating the plans’ assets among various classes of assets. These target ranges are reviewed periodically and considered for readjustment when an asset class weighting is outside of its target range (recognizing that these are flexible target ranges that may vary from time-to-time) with the objective of meeting or exceeding the expected long-term rate of return on plan assets assumption, weighed against a reasonable risk level. The target ranges per asset class in effect for 2017 were as follows:



	Target Ranges
	U.S. Plans	International Plans
Asset Class:
Common and preferred stock	0% - 10%	—
Mutual funds	20% - 30%	—
Fixed income securities	10% - 20%	—
Common and collective funds	30% - 50%	100%
Hedge funds	5% - 15%	—
Cash and other investments	0% - 10%	—

Fair Value of Pension Plan Assets:

The following table presents information on the fair value of the Company's U.S. and International pension plan assets at December 31, 2017 and 2016:



	U.S. Plans				International Plans
	2017		2016		2017		2016
Fair value of plan assets	$	413.6	$	400.5	$	83.6	$	63.5

The Company determines the fair values of the Company’s U.S. and International pension plan assets as follows:


•	Common and preferred stock: The fair values of investments included in the common and preferred stock asset class generally reflect the closing price reported on the major market where the individual securities are traded. The Company classifies common and preferred stock investments within Level 1 of the fair value hierarchy.

•

Mutual funds: The fair values of investments included in the mutual funds asset class are determined using net asset value ("NAV") provided by the applicable fund administrators. The NAV is based on the closing price reported on the major market where the individual securities within the mutual fund are traded. The Company classifies mutual fund investments within Level 1 of the fair value hierarchy.


•	Fixed income securities: The fair values of investments included in the fixed income securities asset class are based on a compilation of primarily observable market information and/or broker quotes. The Company classifies fixed income securities investments primarily within Level 2 of the fair value hierarchy.

•

Common and collective funds: The fair values of investments included in the common and collective funds asset class are determined using NAV provided by the applicable fund administrators. The NAV is based on the value of the underlying assets owned by the common and collective fund, minus its liabilities, and then divided by the number of shares outstanding. The Company classifies common and collective fund investments within Level 2 of the fair value hierarchy.

•

Hedge funds: The hedge fund asset class includes investments in hedge funds that, in turn, primarily invest in a grouping of equities, fixed income instruments, currencies, derivatives and/or commodities. The fair values of investments included in the hedge funds class are determined using NAV provided by the applicable fund administrators. The NAV is based on securities listed or quoted on a national securities exchange or market, or traded in the over-the-counter market, and is valued at the closing quotation posted by that exchange or trading system. Securities not listed or quoted on a national securities exchange or market are valued primarily through observable market information or broker quotes. The hedge fund investments generally can be sold on a quarterly or monthly basis and may employ leverage. The Company classifies hedge fund investments within Level 2 of the fair value hierarchy.

•

Group annuity contract: The group annuity contract asset class primarily invests in equities, corporate bonds and government bonds. The fair values of securities listed or quoted on a national securities exchange or market, or traded in the over-the-counter market, are valued at the closing quotation posted by that exchange or trading system. Securities not listed or quoted on a national securities exchange or market are valued primarily through observable market information or broker quotes. The Company classifies group annuity contract investments within Level 2 of the fair value hierarchy.


•	Cash and cash equivalents: Cash and cash equivalents are measured at cost, which approximates fair value. The Company classifies cash and cash equivalents within Level 1 of the fair value hierarchy.

The fair values of the Company's U.S. and International pension plan assets at December 31, 2017 by asset category were as follows:



	Total		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Common and Preferred Stock:
U.S. small/mid cap equity	$	18.3	$	18.3	$	—	$	—
Mutual Funds^(a):
Corporate bonds	17.7		17.7		—		—
Government bonds	8.4		8.4		—		—
U.S. large cap equity	0.1		0.1		—		—
International equities	3.8		3.8		—		—
Emerging markets international equity	7.4		7.4		—		—
Other	4.5		4.5		—		—
Fixed Income Securities:
Corporate bonds	46.7		—		46.7		—
Government bonds	15.4		—		15.4		—
Common and Collective Funds^(a):
Corporate bonds	51.5		42.3		9.2		—
Government bonds	55.3		44.1		11.2		—
U.S. large cap equity	78.6		68.7		9.9		—
U.S. small/mid cap equity	16.1		16.1		—		—
International equities	77.9		42.8		35.1		—
Emerging markets international equity	18.9		12.8		6.1		—
Cash and cash equivalents	13.0		13.0		—		—
Other	6.6		1.8		4.8		—
Hedge Funds^(a):
Corporate bonds	10.3		—		10.3		—
Government bonds	0.7		—		0.7		—
U.S. large cap equity	1.2		—		1.2		—
Cash and cash equivalents	3.3		3.3		—		—
Other ^(b)	33.3		—		33.3		—
Group Annuity Contract	—		—		—		—
Cash and cash equivalents	8.2		8.2		—		—
Fair value of plan assets at December 31, 2017	$	497.2	$	313.3	$	183.9	$	—


^(a)	The investments in mutual funds, common and collective funds and hedge funds are disclosed above within the respective underlying investments’ class (i.e., various equities, corporate bonds, government bonds and other investment classes), while the fair value hierarchy levels of the investments are based on the Company’s direct ownership unit of account.


^(b)	Comprised of investments in equities, fixed income instruments, currencies, derivatives and/or commodities.

The fair values of the Company's U.S. and International pension plan assets at December 31, 2016 by asset category were as follows:



	Total			Quoted Prices in Active Markets for Identical Assets (Level 1)			Significant Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Common and Preferred Stock:
U.S. small/mid cap equity	$	15.5		$	15.5		$	—	$	—
Mutual Funds^(a):
Corporate bonds	14.3			14.3			—		—
Government bonds	11.9			11.9			—		—
U.S. large cap equity	0.1			0.1			—		—
International equities	3.9			3.9			—		—
Emerging markets international equity	6.3			6.3			—		—
Other	3.0			3.0			—		—
Fixed Income Securities:
Corporate bonds	41.0			—			41.0		—
Government bonds	13.9			—			13.9		—
Common and Collective Funds^(a):
Corporate bonds	56.0			54.3			1.7		—
Government bonds	68.4			57.0			11.4		—
U.S. large cap equity	68.8			67.5			1.3		—
U.S. small/mid cap equity	20.0			20.0			—		—
International equities	67.0			34.9			32.1		—
Emerging markets international equity	15.3			9.4			5.9		—
Cash and cash equivalents	4.8			4.8			—		—
Other	(7.2		)	(10.3		)	3.1		—
Hedge Funds^(a):
Corporate bonds	4.5			—			4.5		—
Government bonds	6.5			—			6.5		—
U.S. large cap equity	2.1			—			2.1		—
Cash and cash equivalents	2.4			—			2.4		—
Other^(b)	31.9			—			31.9		—
Group Annuity Contract	3.0			—			3.0		—
Cash and cash equivalents	10.6			10.6			—		—
Fair value of plan assets at December 31, 2016	$	464.0		$	303.2		$	160.8	$	—


^(a)	The investments in mutual funds, common and collective funds and hedge funds are disclosed above within the respective underlying investments’ class (i.e., various equities, corporate bonds, government bonds and other investment classes), while the fair value hierarchy levels of the investments are based on the Company’s direct ownership unit of account.


^(b)	Comprised of investments in equities, fixed income instruments, currencies, derivatives and/or commodities.

There were no transfers into or out of Level 3 assets in the Company's U.S. and International pension plan's fair value hierarchy during 2017 or 2016.

Contributions:

The Company’s intent is to fund at least the minimum contributions required to meet applicable federal employee benefit laws and local laws, or to directly pay benefit payments where appropriate. During 2017, $7.6 million and $0.9 million were contributed to the Company’s pension plans and other post-retirement benefit plans, respectively. During 2018, the Company expects to contribute approximately $10 million in the aggregate to its pension and other post-retirement benefit plans.

Estimated Future Benefit Payments:

The following benefit payments, which reflect expected future service, as appropriate, are expected to be paid out of the Company’s pension and other post-retirement benefit plans:



	Total Pension Benefits		Total Other Benefits
2018	$	46.9	$	1.2
2019	43.6		1.2
2020	45.3		1.2
2021	42.7		1.2
2022	43.0		1.2
Years 2023 to 2027	202.6		5.1

STOCK COMPENSATION PLAN

12 Months Ended

Dec. 31, 2017

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

STOCK COMPENSATION PLAN

Revlon maintains the Fourth Amended and Restated Revlon, Inc. Stock Plan (the "Stock Plan"), which provides for awards of stock options, stock appreciation rights, restricted or unrestricted stock and restricted stock units to eligible employees and directors of Revlon and its affiliates, including Products Corporation. An aggregate of 6,565,000 shares were reserved for issuance as Awards under the Stock Plan, of which there remained approximately 3.4 million shares available as of December 31, 2017 for grant as stock options, stock appreciation rights, restricted or unrestricted stock and/or restricted stock units. In July 2014, the Stock Plan was amended to renew the Stock Plan for a 7-year renewal term expiring on April 14, 2021.

Stock options:

Non-qualified stock options granted under the Stock Plan, if granted, are granted at prices that equal or exceed the fair market value of Class A Common Stock on the grant date and have a term of 7 years. Option grants generally vest over service periods that range from 1 year to 4 years.

At December 31, 2017, 2016 and 2015, there were no options exercisable under the Stock Plan and there was no stock option activity for 2017, 2016 and 2015.

Restricted stock awards and restricted stock units:

The Stock Plan allows for awards of restricted stock and restricted stock units to employees and directors of Revlon and its affiliates, including Products Corporation. The restricted stock awards granted under the Stock Plan vest over service periods that generally range from 2 years to 5 years. The Company granted 853,111 shares of restricted stock to certain executives in during 2017, which vest over a range of 2 years to 5 years, with the first tranche of such grants having vested in April 2017. The Company granted 125,540 shares of restricted stock to certain executives in 2016, which vest over a range of 3 years to 4 years, with the first tranche having vested in March 2016. The Company granted 220,635 shares of restricted stock to certain executives in 2015, which vest over a range of 4 years to 5 years, with the first tranche of such grants having vested in March 2016.

Pursuant to the Company’s employment agreement with Mr. Fabian Garcia, the Company’s President and Chief Executive Officer, on April 15, 2017 (the "Garcia Grant Date"), Revlon granted to Mr. Garcia 270,489 restricted shares of Revlon Class A Common Stock (the "Garcia Restricted Stock Grant"), being the number of shares equal to $10 million divided by the $36.97 NYSE closing price of Revlon Class A Common Stock on the April 15, 2016 commencement date of his employment (the "Garcia Effective Date"). One-fifth of the Garcia Restricted Stock Grant vested on the Garcia Grant Date (provided that the Company withheld 30,197 shares for the payment of withholding taxes due upon such vesting event pursuant to the terms of the Stock Plan). Pursuant to the terms of his separation agreement, dated January 29, 2018, the remaining four-fifths of the Garcia Restricted Stock Grant will vest in full during March 2018. See Note 24, "Subsequent Events" for more information.

Pursuant to the Company's employment agreement with Mr. Christopher Peterson, the Company's Chief Operating Officer, Operations & Principal Financial Officer, on April 17, 2017 (the "Peterson Grant Date"), Revlon granted Mr. Peterson 192,307 restricted shares of Revlon Class A Common Stock (the "Peterson Restricted Stock Grant"), being the number of shares equal to $5,000,000 divided by the $26.00 NYSE closing price of Revlon Class A Common Stock on the April 17, 2017 commencement date of his employment (the "Peterson Effective Date"). One-fifth of the Restricted Stock Grant will vest on each of the first 5 anniversaries of the Peterson Effective Date, so long as Mr. Peterson remains employed with the Company on each applicable vesting date, subject to certain earlier payment or vesting provisions.

A summary of the restricted stock and restricted stock unit activity for each of 2017, 2016 and 2015 is presented in the following table:



	Restricted Stock (000's)		Weighted Average Grant Date Fair Value Per Share
Outstanding at January 1, 2015	773.4		$	30.37
Granted	220.6		29.46
Vested^(a)	(171.7	)	29.09
Forfeited	(57.5	)	30.44
Outstanding at December 31, 2015	764.8		30.39
Granted	125.5		31.86
Vested^(a)	(221.7	)	29.51
Forfeited	(257.6	)	31.05
Outstanding at December 31, 2016^(b)	411.0		30.78
Granted	853.1		30.94
Vested^(a)	(216.0	)	32.63
Forfeited	(253.1	)	32.60
Outstanding at December 31, 2017	795.0		29.87


^(a)	Of the amounts vested during 2017, 2016 and 2015, 89,620, 92,092 and 82,740, respectively, were withheld by the Company to satisfy certain grantees’ minimum withholding tax requirements, which withheld shares became Revlon treasury stock and are not sold on the open market. (See discussion under "Treasury Stock" in Note 18, "Stockholders' Deficiency").

The Company recognizes non-cash compensation expense related to restricted stock awards and restricted stock units under the Stock Plan using the straight-line method over the remaining service period. The Company recorded compensation expense related to restricted stock awards under the Stock Plan of $6.8 million, $6.4 million and $5.1 million during 2017, 2016 and 2015, respectively. The total fair value of restricted stock and restricted stock units that vested during 2017 and 2016 was $7 million and $6.5 million, respectively. The deferred stock-based compensation related to restricted stock awards was $19.4 million at December 31, 2017 and will be amortized ratably to compensation expense over a weighted-average remaining vesting period of 3.25 years.

INCOME TAXES

12 Months Ended

Dec. 31, 2017

Income Tax Disclosure [Abstract]

INCOME TAXES

The Company's income before income taxes and the applicable provision for income taxes are as follows:



	Year Ended December 31,
	2017			2016			2015
(Loss) income from continuing operations before income taxes:
United States	$	(190.7	)	$	4.2		$	114.4
Foreign	27.2			4.3			(3.7		)
	$	(163.5	)	$	8.5		$	110.7
Provision for income taxes:
United States federal	$	7.0		$	7.6		$	37.7
State and local	9.0			2.3			16.9
Foreign	5.8			15.6			(3.2		)
	$	21.8		$	25.5		$	51.4
Current:
United States federal	$	(20.2	)	$	9.0		$	(2.7	)
State and local	1.9			2.5			4.1
Foreign	17.5			20.2			21.7
	(0.8		)	31.7			23.1
Deferred:
United States federal	$	27.2		$	(1.4	)	$	40.4
State and local	7.1			(0.2		)	12.8
Foreign	(11.7		)	(4.6		)	(24.9		)
	$	22.6		$	(6.2	)	$	28.3
Total provision for income taxes	$	21.8		$	25.5		$	51.4

The Company classifies interest and penalties as a component of the provision for income taxes. The Company recognized in the Consolidated Statements of Operations and Comprehensive (Loss) Income a benefit of $1.6 million and $1.0 million during 2017 and 2015, respectively, and an expense of $0.3 million during 2016 in accrued interest and penalties.

The Company has not provided for U.S. federal income taxes and foreign withholding taxes on $353.7 million of foreign subsidiaries' cumulative undistributed earnings as of December 31, 2017 because such earnings are intended to be indefinitely reinvested overseas. If these foreign earnings are repatriated to the U.S., or if the Company determines that such earnings will be remitted in a future period, additional tax provisions may be required. Due to the complexities in the tax laws, including the implications of the Tax Cuts and Jobs Act of 2017 (the "Tax Act"), which is discussed below, and the assumptions that would have to be made, it is not practicable to estimate the amounts of income tax provisions that may be required on account of these foreign undistributed earnings.

The actual tax on income before income taxes is reconciled to the applicable statutory federal income tax rate in the following table:



	Year Ended December 31,
	2017			2016		2015
Computed income tax (benefit) expense	$	(57.2	)	$	3.0	$	38.8
State and local taxes, net of U.S. federal income tax benefit	6.1			1.8		11.1
Foreign and U.S. tax effects attributable to operations outside the U.S.	(6.5		)	3.1		13.6
Net establishment (release) of valuation allowance	(1.2		)	2.0		(15.5		)
Foreign dividends and earnings taxable in the U.S.	1.8			1.7		3.2
Impairment for which there is no tax benefit	0.4			8.9		—
Tax effect of basis reclassification	23.7			—		—
Impact of the Tax Act ^(a)	47.9			—		—
Other	6.8			5.0		0.2
Total provision for income taxes	$	21.8		$	25.5	$	51.4

^(a)Refer to the discussion that follows.

On December 22, 2017, with the enactment of the Tax Act, the U.S. government enacted comprehensive tax reform that makes broad and complex changes to the U.S. tax code affecting the Company’s fiscal year ended December 31, 2017, by, among other things:


•	reducing the U.S. federal corporate tax rate;


•	requiring a one-time transition tax on certain unrepatriated earnings of foreign subsidiaries; and


•	imposing a new limitation on the deductibility of interest.

The impact of those changes to the Company's December 31, 2017 fiscal year is estimated to be a non-cash expense of $47.9 million.

The Tax Act also establishes other new tax laws that could affect the Company in future years, including, but not limited to:


•	a general elimination of U.S. federal income taxes on dividends from foreign subsidiaries;


•	a new provision designed to tax global intangible low-taxed income ("GILTI");


•	increased limitations on the deductibility of certain executive compensation; and


•	changes to net operating loss carryforward periods and annual utilization.

The SEC staff issued Staff Accounting Bulletin No. 118, Income Tax Accounting Implications of the Tax Cut and Jobs Act ("SAB 118"), which provides guidance on accounting for the tax effects of the Tax Act. SAB 118 provides that companies are required to complete their accounting under ASC 740, “Income Taxes” ("ASC 740") over a measurement period that should not extend beyond one year from the Tax Act enactment date. In accordance with SAB 118, companies must reflect the income tax effects of those aspects of the Tax Act for which the accounting under ASC 740 is complete in its financial statements for the fiscal period ended December 31, 2017. To the extent that a company’s accounting for certain income tax effects of the Tax Act is incomplete at the time such financial statements are filed, but it is able to determine a reasonable estimate for the income tax effects of the Tax Act, it must record a provisional estimate of such effects in its financial statements for the fiscal period ended December 31, 2017. If a company cannot determine a provisional estimate to be included in its financial statements for the fiscal period ended December 31, 2017, it should continue to apply ASC 740 on the basis of the provisions of the tax laws that were in effect immediately before the enactment of the Tax Act.

For various reasons that are discussed in greater detail below, the Company has not completed its accounting for the income tax effects of certain elements of the Tax Act. The Company recorded provisional adjustments in cases where the Company was able to make reasonable estimates of the effects of elements of the Tax Act for which its analysis is not yet complete. The Company has not recorded any adjustments for elements of the Tax Act for which the Company was not yet able to make reasonable estimates of the impact of those elements, and has continued accounting for such elements in accordance with ASC 740 on the basis of the tax laws in effect before the Tax Act.

The Company's accounting for the following elements of the Tax Act is incomplete. However, the Company was able to make reasonable estimates of certain effects and, therefore, recorded provisional adjustments of $47.9 million, which reflect the Company's initial estimate of the following impacts of the Tax Act:

Reduction of U.S. federal corporate tax rate: As a result of enactment of the Tax Act, the Company reduced the carrying value of its federal deferred tax assets to reflect reduction from 35% to 21% in the federal tax rate applicable for future periods. This resulted in a one-time, non-cash charge of $47.9 million, with $30.3 million relating to deferred balances carried as of January 1, 2017 and the remaining $17.6 million related to the deferred activity in the year ended December 31, 2017.

Transition Tax: The Company has estimated that is has a net deficit in its non-U.S. earnings subject to the transition tax, so the Company does not have a liability for this tax. As such, no provision was recorded for the transition tax.

Limitation on the deductibility of interest: Starting in 2018, the Tax Act limits the Company's deduction for interest to:


•	interest income plus 30% of taxable income before interest, tax, depreciation and amortization for years through 2021; and

•interest income plus 30% of taxable income before interest and taxes for years 2022 and thereafter.

Any reduction in deductible interest in any year can be carried forward indefinitely and added to the potential interest deduction in subsequent years. While the Company's deduction for interest expense may be limited in future periods, the Company has estimated that this has no impact on its deferred assets and liability balances as of December 31, 2017. In assessing the Company's need for a valuation allowance as of December 31, 2017, the Company did account for the reduced interest deduction in future periods when the Company scheduled the utilization of deferred assets in future periods.

While the Company has been able to come to an estimate for the above items, amounts included in the tax expense and the associated balance sheet accounts (and related disclosures) are provisional and are subject to modification within the period provided for in SAB 118.

The Company's accounting for the following elements of the Tax Act is incomplete, and the Company was not able to make reasonable estimates of the effects. Therefore, no provisional adjustments were recorded for the following elements:

Accounting Principles Board ("APB") 23 Indefinite Reinvestment Assertion: The Company is in the process of assessing the impact of the Tax Act on its indefinite reinvestment assertion and any associated impact on its financial statements. This assessment includes, but is not limited to, assessing how the Tax Act will impact the consequence of indefinitely reinvesting the Company's foreign earnings and evaluating how the Company having no liability for the transition tax will impact the taxability of future repatriations. Therefore, no adjustments have been made in the Company's financial statements with respect to its indefinite reinvestment assertion.

GILTI: The Tax Act creates a new requirement that certain income earned by controlled foreign corporations ("CFC") must be included currently in the gross income of the CFC's U.S. shareholder. GILTI is the excess of the shareholder’s “net CFC tested income” over the net deemed tangible income return, which is currently defined as the excess of: (1) 10% of the aggregate of the U.S. shareholder’s pro rata share of the qualified business asset investment of each CFC with respect to which it is a U.S. shareholder; over (2) the amount of certain interest expense taken into account in the determination of net CFC-tested income. The Company will not be subject to the GILTI provisions until 2018.

Because of the complexity of the new GILTI tax rules, the Company is continuing to evaluate this provision of the Tax Act and the application of ASC 740. Under U.S. GAAP, the Company is allowed to make an accounting policy choice of either: (1) treating taxes due on future U.S. inclusions in taxable income related to GILTI as a current-period expense when incurred (the “period cost method”); or (2) factoring such amounts into the Company’s measurement of its deferred taxes (the “deferred method”). The Company’s selection of an accounting policy with respect to the new GILTI tax rules will depend, in part, on analyzing the Company's global income to determine whether the Company expects to have future U.S. inclusions in taxable income related to GILTI and, if so, what the impact is expected to be. Because whether the Company expects to have future U.S. inclusions in taxable income related to GILTI depends not only on the Company's current structure and estimated future results of global operations, but also on the Company’s intent and ability to modify its structure and/or its business, the Company is not yet able to reasonably estimate the effect of this provision of the Tax Act. Therefore, the Company has not made any adjustments related to the GILTI tax in its financial statements and has not made a policy decision regarding whether to record deferred taxes on GILTI, or to include the tax impact in the year it arises.

Executive Compensation Limitation: The Tax Act expands the definition under Section 162(m) of the Internal Revenue Code (“Section 162(m)”) of covered employee and provides that the status as a covered employee continues for all subsequent tax years, including years after the death of the individual, and, among other modifications, repeals the exception for performance-based compensation and commissions from the $1 million deduction limitation, subject to certain transitional "grandfathering" provisions. The Tax Act's transitional guidance allows certain payments made under written and binding agreements entered into prior to November 2, 2017 to be treated as if they were made under the provisions of Section 162(m) that were in effect prior to enactment of the Tax Act. The Company is in the process of gathering information on existing compensation arrangements for covered employees, as well as assessing the impact of transitional guidance on the realizability of existing deferred tax assets related to compensation arrangements of its covered employees. As a result, the Company has not made any adjustments related to impacts of the new executive compensation limitations in its financial statements.

Net Operating Loss Carryforward rules: The Company has $519.3 million of federal net operating loss carryforwards as of December 31, 2017. These carryforwards have a life of up to 20 years and can be used to reduce the Company's federal taxable income to zero, potentially eliminating any federal income tax liability for the periods in which they are used. If the Company was to incur a federal net operating loss in 2018 or a subsequent year, such losses would have an unlimited carryforward period, but they would only be available to offset 80% of the taxable income of the Company in any given year.

Deferred taxes are the result of temporary differences between the bases of assets and liabilities for financial reporting and income tax purposes. The Company's deferred tax assets and liabilities at December 31, 2017 and 2016 were comprised of the following:



	December 31,
	2017			2016
Deferred tax assets:
Inventories	$	21.2		$	30.9
Net operating loss carryforwards - U.S.	161.0			140.4
Net operating loss carryforwards - foreign	47.0			50.5
Employee benefits	54.5			91.7
Sales-related reserves	19.1			23.9
Foreign currency translation adjustment	10.3			9.9
Other	67.6			89.4
Total gross deferred tax assets	380.7			436.7
Less valuation allowance	(90.7		)	(81.4		)
Total deferred tax assets, net of valuation allowance	290.0			355.3
Deferred tax liabilities:
Plant, equipment and other assets	(21.7		)	(26.0		)
Intangibles	(95.0		)	(132.4		)
Other	(36.0		)	(57.6		)
Total gross deferred tax liabilities	(152.7		)	(216.0		)
Net deferred tax assets	$	137.3		$	139.3

In assessing the recoverability of its deferred tax assets, management regularly considers whether for some portion or all of the deferred tax assets it was more likely than not that a benefit will not be realized for these assets. The ultimate realization of deferred tax assets is generally dependent upon the generation of future taxable income during the periods in which those temporary differences may become deductible. In assessing the need for a valuation allowance, management evaluates the available pertinent positive and negative evidence, such as the Company's history of earnings, the scheduled reversal of deferred tax assets and liabilities, projected earnings, and income and available tax planning strategies.

A valuation allowance has been provided for those deferred tax assets for which, in the opinion of the Company's management, it was more likely than not that a benefit will not be realized. At December 31, 2017, the deferred tax valuation allowance primarily represented amounts for foreign jurisdictions where, as of the end of 2017, the Company had a three-year cumulative loss, and for certain U.S. jurisdictions where the Company had tax loss carryforwards and other tax attributes which may expire prior to being utilized. The deferred tax valuation allowance increased by $9.3 million and $34.3 million during 2017 and 2016, respectively. The increase in the deferred tax valuation allowance during 2017 was primarily associated with state tax loss carryforwards for which the Company has determined it is more likely than not that it will not receive a benefit. The increase in the deferred tax valuation allowance during 2016 was primarily associated with deferred taxes added as a result of the Elizabeth Arden Acquisition, the majority of which were established through purchase accounting.

As of December 31, 2017, the Company has domestic (federal) and foreign net operating loss carryforwards of $727.9 million, of which $208.6 million are foreign and $519.3 million are domestic (federal). These losses expire in future years as follows: 2018- $0.1 million; 2019- $1.2 million; 2020- $1.0 million; 2021 and beyond- $533.4 million; and unlimited- $192.2 million. The Company also has state net operating loss carryforwards that expire between 2018 and 2036. The Company could receive the benefit of such tax loss carryforwards only to the extent it has taxable income during the carryforward periods in the applicable tax jurisdictions. As of December 31, 2017, there were no consolidated federal net operating losses available from the MacAndrews & Forbes Group (as hereinafter defined) from periods prior to the March 25, 2004 deconsolidation (as described below). The Company has acquired entities that had carryforward balances for tax losses, tax credits and other tax attributes at the time of the acquisition. U.S. federal and certain state and foreign jurisdictions impose limitations on the amount of these tax losses, tax credits and other carryforward balances that may be utilized after an acquisition. The Company has evaluated the impact of these limitations and has established a valuation allowance to reduce the deferred tax assets to the amount that the Company expects will be realized.

The Company remains subject to examination of its income tax returns in various jurisdictions, including, without limitation: Spain for the tax years ended December 31, 2007 and forward; the U.S. (federal) for the tax years ended June 30, 2010 and forward; Canada for the tax years ended December 31, 2010 and forward; Australia for the tax years ended December 31, 2013 and forward; Switzerland for the tax years ended June 30, 2014 and forward; and South Africa and the U.K. for the tax years ended December 31, 2014 and forward.

At December 31, 2017 and 2016, the Company had unrecognized tax benefits of $84.9 million and $93.3 million, respectively, including $9 million and $10.6 million, respectively, of accrued interest and penalties. Of the $84.9 million of unrecognized tax benefits as of December 31, 2017, $48.4 million would affect the Company's effective tax rate, if recognized, and the remaining $36.5 million would affect the Company's deferred tax accounts. A reconciliation of the beginning and ending amounts of the unrecognized tax benefits is provided in the following table:



	Tax			Interest and Penalties			Total
Balance at January 1, 2016	$	54.7		$	10.3		$	65.0
Increase based on tax positions taken in a prior year	24.4			1.5			25.9
Decrease based on tax positions taken in a prior year	(1.2		)	(0.1		)	(1.3		)
Increase based on tax positions taken in the current year	9.1			0.2			9.3
Decrease resulting from the lapse of statutes of limitations	(4.3		)	(1.3		)	(5.6		)
Balance at December 31, 2016	82.7			10.6			93.3
Increase based on tax positions taken in a prior year	9.1			1.5			10.6
Decrease based on tax positions taken in a prior year ^(a)	(19.6		)	(1.5		)	(21.1		)
Increase based on tax positions taken in the current year	11.0			0.2			11.2
Decrease resulting from the lapse of statutes of limitations	(7.3		)	(1.8		)	(9.1		)
Balance at December 31, 2017	$	75.9		$	9.0		$	84.9


^(a)	Includes a provisional amount for the expected impact of the Tax Act on the Company’s unrecognized tax benefits.

In addition, the Company believes that it is reasonably possible that its unrecognized tax benefits during 2018 will decrease by approximately $6.4 million due to the resolution of audits and the expiration of statutes of limitation.

As a result of the closing of the 2004 Revlon Exchange Transactions (as hereinafter defined in Note 22, "Related Party Transactions - Tax Sharing Agreements"), as of March 25, 2004, Revlon, Products Corporation and their U.S. subsidiaries were no longer included in the affiliated group of which MacAndrews & Forbes was the common parent (the "MacAndrews & Forbes Group") for federal income tax purposes. Revlon Holdings (as hereinafter defined in Note 22, "Related Party Transactions - Transfer Agreements"), Revlon, Products Corporation and certain of its subsidiaries, and MacAndrews & Forbes Incorporated entered into a tax sharing agreement (as subsequently amended and restated, the "MacAndrews & Forbes Tax Sharing Agreement"), for taxable periods beginning on or after January 1, 1992 through and including March 25, 2004, during which Revlon and Products Corporation or a subsidiary of Products Corporation was a member of the MacAndrews & Forbes Group. In these taxable periods, Revlon's and Products Corporation's federal taxable income and loss were included in such group's consolidated tax return filed by MacAndrews & Forbes Incorporated. During such period, Revlon and Products Corporation were also included in certain state and local tax returns of MacAndrews & Forbes Incorporated or its subsidiaries. Revlon and Products Corporation remain liable under the MacAndrews & Forbes Tax Sharing Agreement for all such taxable periods through and including March 25, 2004 for amounts determined to be due as a result of a redetermination arising from an audit or otherwise, equal to the taxes that Revlon or Products Corporation would otherwise have had to pay if it were to have filed separate federal, state or local income tax returns for such periods.

MacAndrews & Forbes’ current ownership does not require the Company to file a U.S. federal consolidated tax return with them. However, in certain U.S. states and in certain foreign jurisdictions the Company is required to file consolidated, combined, unitary or similar returns. The liability for these state and local liabilities is also governed by the MacAndrews & Forbes Tax Sharing Agreement. The Company accounts for its tax liabilities in these jurisdictions as if it were a separate filer, and the Company's tax accounts are presented as if it were a separate filer. During 2017, the Company's cash tax payments included $2.8 million of payments made to MacAndrews & Forbes in connection with these filings, and the Company's ending tax liability, which is a component of other current liabilities, included $0.9 million related to future payments to be made to MacAndrews & Forbes in connection with these filings.

Following the closing of the 2004 Revlon Exchange Transactions, Revlon became the parent of a new consolidated group for federal income tax purposes and Products Corporation's federal taxable income and loss are included in such group's consolidated tax returns. Accordingly, Revlon and Products Corporation entered into a tax sharing agreement (the "Revlon Tax Sharing Agreement") pursuant to which Products Corporation is required to pay to Revlon amounts equal to the taxes that Products Corporation would otherwise have had to pay if Products Corporation were to file separate federal, state or local income tax returns, limited to the amount, and payable only at such times, as Revlon will be required to make payments to the applicable taxing authorities.

There were no federal tax payments or payments in lieu of taxes from Revlon to Revlon Holdings pursuant to the MacAndrews & Forbes Tax Sharing Agreement in 2017 or 2016 with respect to periods covered by the MacAndrews & Forbes Tax Sharing Agreement, and the Company expects that there will not be any such payments in 2018. During 2017, there were no federal tax payments from Products Corporation to Revlon pursuant to the Revlon Tax Sharing Agreement with respect to 2017 or 2016. During 2016, there were no federal tax payments from Products Corporation to Revlon pursuant to the Revlon Tax Sharing Agreement with respect to 2016 or 2015. The Company expects that there will be no federal tax payments from Products Corporation to Revlon pursuant to the Revlon Tax Sharing Agreement during 2018 with respect to 2017.

Pursuant to the asset transfer agreement referred to in Note 22, "Related Party Transactions - Transfer Agreements," Products Corporation assumed all tax liabilities of Revlon Holdings other than (i) certain income tax liabilities arising prior to January 1, 1992 to the extent such liabilities exceeded the reserves on Revlon Holdings' books as of January 1, 1992 or were not of the nature reserved for and (ii) other tax liabilities to the extent such liabilities are related to the business and assets retained by Revlon Holdings.

ACCUMULATED OTHER COMPREHENSIVE LOSS

12 Months Ended

Dec. 31, 2017

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

ACCUMULATED OTHER COMPREHENSIVE LOSS

A roll-forward of the Company's accumulated other comprehensive loss is as follows:



	Foreign Currency Translation			Actuarial (Loss) Gain on Post-retirement Benefits			Deferred Gain (Loss) - Hedging			Other			Accumulated Other Comprehensive Loss
Balance at January 1, 2015	$	(5.4	)	$	(235.6	)	$	(2.2	)	$	(0.3	)	$	(243.2	)
Currency translation adjustment, net of tax of $5.1 million	(18.1		)	—			—			—			(18.1		)
Amortization of pension related costs, net of tax of $(1.3) million^(a)	—			7.2			—			—			7.2
Pension re-measurement, net of tax of $3.3 million	—			(6.9		)	—			—			(6.9		)
Settlement of certain pension liabilities, net of tax of $(3.7) million^(b)	—			17.3			—			—			17.3
Revaluation of derivative financial instrument, net of amounts reclassified into earnings and tax of $1.0 million^(c)	—			—			(1.6		)	—			(1.6		)
Other comprehensive (loss) income	$	(18.1	)	$	17.6		$	(1.6	)	$	—		$	(2.1	)
Balance at December 31, 2015	$	(23.5	)	$	(217.7	)	$	(3.8	)	$	(0.3	)	$	(245.3	)
Currency translation adjustment, net of tax of $(1.1) million	(0.5		)	—			—			—			(0.5		)
Amortization of pension related costs, net of tax of $(1.3) million^(a)	—			7.6			—			—			7.6
Pension re-measurement, net of tax of $4.1 million	—			(14.3		)	—			—			(14.3		)
Revaluation of derivative financial instrument, net of amounts reclassified into earnings and tax of $(0.5) million^(b)	—			—			0.8			—			0.8
Other comprehensive (loss) income	$	(0.5	)	$	(6.7	)	$	0.8		$	—		$	(6.4	)
Balance at December 31, 2016	$	(24.0	)	$	(224.4	)	$	(3.0	)	$	(0.3	)	$	(251.7	)
Currency translation adjustment, net of tax of $0.4 million	9.0			—			—			—			9.0
Amortization of pension related costs, net of tax of $(1.6) million^(a)	—			8.1			—			—			8.1
Pension re-measurement, net of tax of $0.3 million	—			1.8			—			—			1.8
Amortization of deferred losses related to the de-designated 2013 Interest Rate Swap, net of tax of $1.4 million^(c)	—			—			2.3			—			2.3
Curtailment gain, net of tax of $(0.3) million^(d)	—			2.1			—			—			2.1
Other comprehensive income	$	9.0		$	12.0		$	2.3		$	—		$	23.3
Balance at December 31, 2017	$	(15.0	)	$	(212.4	)	$	(0.7	)	$	(0.3	)	$	(228.4	)


^(a)	Amounts represent the change in accumulated other comprehensive loss as a result of the amortization of actuarial losses (gains) arising during each year related to the Company’s pension and other post-retirement plans. See Note 14, "Pension and Post-retirement Benefits," for further discussion of the Company’s pension and other post-retirement plans.


^(b)	Represents the after-tax effective portion of the changes in fair value of the Company’s 2013 Interest Rate Swap, net of amounts reclassified into earnings during 2016 and 2015. See Note 13, "Financial Instruments," for further discussion of the 2013 Interest Rate Swap.


^(c)	See Note 10, "Financial Instruments," for further discussion of the 2013 Interest Rate Swap.


^(d)	As a result of the Elizabeth Arden Acquisition, the Company recognized $2.1 million in curtailment gains related to a foreign non-qualified defined benefit plan of Elizabeth Arden.

As shown above, other comprehensive income includes changes in the fair value of the 2013 Interest Rate Swap prior to the De-designation Date. Following is a roll-forward of the amounts reclassified out of accumulated other comprehensive loss into earnings during 2017 and 2016:



	2013 Interest Rate Swap
Beginning accumulated losses at December 31, 2015	$	(3.8	)
Reclassifications into earnings (net of $1.6 million tax expense)^(a)	2.7
Change in fair value (net of $1.1 million tax benefit)	(1.9		)
Ending accumulated losses at December 31, 2016	$	(3.0	)
Reclassifications into earnings (net of $1.4 million tax benefit)^(a)	2.3
Ending accumulated losses at December 31, 2017	$	(0.7	)


^(a)	Reclassified to interest expense.

STOCKHOLDERS' DEFICIENCY

12 Months Ended

Dec. 31, 2017

Equity [Abstract]

STOCKHOLDERS' DEFICIENCY

Information about the Company's common and treasury stock issued and/or outstanding is presented in the following table:



	Class A Common Stock		Treasury Stock
Balance, January 1, 2015	53,925,029		777,181
Restricted stock grants	220,635		—
Restricted stock forfeitures	(57,490	)	—
Withholding of restricted stock to satisfy taxes	—		82,740
Balance, December 31, 2015	54,088,174		859,921
Restricted stock grants	125,540		—
Restricted stock forfeitures	(257,641	)	—
Withholding of restricted stock to satisfy taxes	—		92,092
Treasury stock repurchased	—		72,895
Balance, December 31, 2016	53,956,073		1,024,908
Restricted stock grants	853,111		—
Restricted stock forfeitures	(253,084	)	—
Withholding of restricted stock to satisfy taxes	—		89,620
Balance, December 31, 2017	54,556,100		1,114,528

Common Stock

As of December 31, 2017, Revlon's authorized common stock consisted of 900 million shares of Class A Common Stock, with a par value of $0.01 per share (the "Class A Common Stock"), and 200 million shares of Class B common stock, par value $0.01 per share ("Class B Common Stock" and together with the Class A Common Stock, the "Common Stock").

As of December 31, 2017, MacAndrews & Forbes beneficially owned approximately 85% of Revlon's Class A Common Stock, which at such date was Revlon's only class of capital stock outstanding.

Treasury Stock

Pursuant to the share withholding provisions of the Stock Plan, during 2017 the Company withheld a total of 89,620 shares of Revlon Class A Common Stock to satisfy its minimum statutory tax withholding requirements related to the vesting of shares of restricted stock. These shares were recorded as treasury stock using the cost method, at a weighted average of $27.67 per share, based on the NYSE closing price per share on each applicable vesting date, for a total of $2.5 million. During 2016 the Company withheld a total of 92,092 shares of Revlon Class A Common Stock to satisfy its minimum statutory tax withholding requirements related to the vesting of shares of restricted stock. These shares were recorded as treasury stock using the cost method, at a weighted average of $34.83 per share, based on the NYSE closing price per share on each applicable vesting date, for a total of $3.2 million.

In April 2016, in connection with his separation from the Company, Revlon repurchased 72,895 shares of Revlon Class A Common Stock (representing vested shares of restricted stock, which were included within treasury stock upon repurchase) from Lorenzo Delpani, the Company's former President and Chief Executive Officer, at a price of $36.83 per share based upon the NYSE closing price of Revlon Class A Common Stock on April 20, 2016, for a total purchase price of $2.7 million.

SEGMENT DATA AND RELATED INFORMATION

12 Months Ended

Dec. 31, 2017

Segment Reporting [Abstract]

SEGMENT DATA AND RELATED INFORMATION

Operating segments include components of an enterprise about which separate financial information is available that is evaluated regularly by the chief operating decision maker (the Company's "Principal Executive Officer") in deciding how to allocate resources and in assessing the Company's performance. As a result of the similarities in the procurement, manufacturing and distribution processes for the Company’s products, much of the information provided in the Consolidated Financial Statements and provided in the segment table below is similar to, or the same as, that reviewed on a regular basis by the Company's Principal Executive Officer. As of December 31, 2017, and since the Elizabeth Arden Acquisition Date, the Elizabeth Arden organization has continued to operate and be evaluated on a stand-alone basis.

At December 31, 2017, the Company’s operations are organized into the following reportable segments:

•

Consumer - The Company’s Consumer segment is comprised of products that are marketed, distributed and sold in large volume retailers, chain drug and food stores, chemist shops, hypermarkets, general merchandise stores, e-commerce sites, television shopping, department stores, one-stop shopping beauty retailers, specialty cosmetic stores and perfumeries in the U.S. and internationally under brands such as Revlon, Almay, SinfulColors and Pure Ice in cosmetics; Revlon ColorSilk in women’s hair color; Revlon in beauty tools; and Mitchum in anti-perspirant deodorants. The Consumer segment also includes a skin care line under the Natural Honey brand and hair color line under the Llongueras brand (licensed from a third party) that are sold in large volume retailers and other retailers, primarily in Spain, as well as Cutex nail care products.

•

Elizabeth Arden - The Elizabeth Arden segment markets, distributes and sells fragrances, skin care and color cosmetics to prestige retailers, the mass retail channel, specialty stores, perfumeries, department stores, boutiques, e-commerce, travel retailers and distributors, as well as direct sales to consumers via its Elizabeth Arden branded retail stores and ElizabethArden.com e-commerce business under brands such as Skin Illuminating, SUPERSTART, Prevage, Eight Hour, Elizabeth Arden Ceramide and Visible Difference in the Elizabeth Arden skin care brands; Elizabeth Arden Red Door, Elizabeth Arden 5th Avenue, Elizabeth Arden Green Tea and UNTOLD in Elizabeth Arden fragrances; Juicy Couture, John Varvatos, All Saints, La Perla and Wildfox in designer fragrances; and Curve, Elizabeth Taylor, Britney Spears, Christina Aguilera, Shawn Mendes, Halston, Ed Hardy, Geoffrey Beene, Alfred Sung, Giorgio Beverly Hills, Lucky Brand, PS Fine Cologne for Men, White Shoulders and Jennifer Aniston in heritage fragrances.

•

Professional - The Company’s Professional segment markets, distributes and sells professional products primarily to hair and nail salons and professional salon distributors in the U.S. and internationally under brands such as Revlon Professional in hair color, hair care and hair treatments; CND in nail polishes and nail enhancements, including CND Shellac and CND Vinylux nail polishes; and American Crew in men’s grooming products. The Professional segment also includes a multi-cultural hair care line consisting of Creme of Nature hair care products, which are sold in both professional salons and in large volume retailers and other retailers, primarily in the U.S.


•	Other - The Other segment includes the operating results related to the development, marketing and distribution of certain licensed fragrances and other beauty products. The results included within the Other segment are not material to the Company’s consolidated results of operations.

The Company's management evaluates segment profit, which is defined as income from continuing operations before interest, taxes, depreciation, amortization, stock-based compensation expense, gains/losses on foreign currency fluctuations, gains/losses on the early extinguishment of debt and miscellaneous expenses, for each of the Company's reportable segments. Segment profit also excludes unallocated corporate expenses and the impact of certain items that are not directly attributable to the reportable segments' underlying operating performance, which includes the impacts of: (i) restructuring and related charges; (ii) acquisition and integration costs; (iii) deferred compensation costs; (iv) costs of sales resulting from a fair value adjustment to inventory acquired in the Elizabeth Arden Acquisition; and (v) charges related to the Elizabeth Arden 2016 Business Transformation Program. Such items are shown below in the table reconciling segment profit to consolidated income from continuing operations before income taxes. Unallocated corporate expenses primarily include general and administrative expenses related to the corporate organization. These expenses are recorded in unallocated corporate expenses, as these items are centrally directed and controlled and are not included in internal measures of segment operating performance. The Company does not have any material inter-segment sales.

The accounting policies for each of the reportable segments are the same as those described in Note 1, "Description of Business and Summary of Significant Accounting Policies." The Company's assets and liabilities are managed centrally and are reported internally in the same manner as the Consolidated Financial Statements; thus, no additional information regarding assets and liabilities of the Company’s reportable segments is produced for the Company's Chief Executive Officer or included in these Consolidated Financial Statements.

The following table is a comparative summary of the Company’s net sales and segment profit by reportable segment for 2017, 2016 and 2015:



	Year Ended December 31,
	2017			2016			2015
Segment Net Sales:
Consumer	$	1,288.5		$	1,389.8		$	1,414.8
Elizabeth Arden	952.5			441.4			—
Professional	432.2			476.5			471.1
Other	20.5			26.3			28.4
Total	$	2,693.7		$	2,334.0		$	1,914.3

Segment Profit:
Consumer	$	239.6		$	349.2		$	360.2
Elizabeth Arden	114.2			68.2			—
Professional	54.9			99.4			103.9
Other	(3.7		)	(2.7		)	1.4
Total	$	405.0		$	514.1		$	465.5

Reconciliation:
Segment Profit	$	405.0		$	514.1		$	465.5
Less:
Unallocated corporate expenses	146.2			98.8			88.0
Depreciation and amortization	155.8			123.2			103.2
Non-cash stock compensation expense	6.8			6.4			5.1
Non-Operating items:
Restructuring and related charges	34.5			36.8			11.6
Acquisition and integration costs	52.9			43.2			8.0
Elizabeth Arden 2016 Business Transformation Program	1.1			2.6			—
Elizabeth Arden inventory purchase accounting adjustment, cost of sales	17.2			20.7			—
Inventory purchase accounting adjustment, cost of sales	—			0.2			0.9
Pension lump-sum settlement	—			—			20.7
Impairment charge	10.8			23.4			9.7
Deferred compensation	2.0			3.5			2.5
Operating (loss) income	(22.3		)	155.3			215.8
Less:
Interest Expense	149.8			105.2			83.3
Amortization of debt issuance costs	9.1			6.8			5.7
Loss on early extinguishment of debt	—			16.9			—
Foreign currency (gains) losses, net	(18.5		)	18.5			15.7
Miscellaneous, net	0.8			(0.6		)	0.4
(Loss) income from continuing operations before income taxes	$	(163.5	)	$	8.5		$	110.7

As of December 31, 2017, after giving effect to the Elizabeth Arden Acquisition, the Company had operations established in 27 countries outside of the U.S. and its products are sold throughout the world. Generally, net sales by geographic area are presented by attributing revenues from external customers on the basis of where the products are sold. Walmart and its affiliates worldwide accounted for approximately 16%, 17% and 18% of the Company’s worldwide net sales in 2017, 2016 and 2015, respectively, and such sales are primarily included within the net sales of the Consumer segment.



	Year Ended December 31,
	2017			2016			2015
Geographic area:
Net sales:
United States	$	1,315.1	49%	$	1,290.2	55%	$	1,058.7	55%
International	1,378.6		51%	1,043.8		45%	855.6		45%
	$	2,693.7		$	2,334.0		$	1,914.3



	December 31, 2017			December 31, 2016
Long-lived assets, net:
United States	$	1,480.1	83%	$	1,494.3	85%
International	295.6		17%	255.4		15%
	$	1,775.7		$	1,749.7



	Year Ended December 31,
	2017			2016			2015
Classes of similar products:
Net sales:
Color cosmetics	$	955.3	35%	$	998.3	43%	$	1,022.4	53%
Fragrance	731.3		27%	408.4		17%	80.8		4%
Hair care	517.3		19%	544.3		23%	522.1		27%
Beauty care	262.4		10%	294.4		13%	277.5		15%
Skin care	227.4		8%	88.6		4%	11.5		1%
	$	2,693.7		$	2,334.0		$	1,914.3

BASIC AND DILUTED EARNINGS PER COMMON SHARE

12 Months Ended

Dec. 31, 2017

Earnings Per Share, Basic and Diluted [Abstract]

BASIC AND DILUTED EARNINGS PER COMMON SHARE

Shares used in basic (loss) earnings per share are computed using the weighted-average number of common shares outstanding during each period. Shares used in diluted (loss) earnings per share include the dilutive effect of unvested restricted stock under the Company’s Stock Plan using the treasury stock method. At December 31, 2017, 2016, and 2015 there were no outstanding stock options under the Company's Stock Plan.

Following are the components of basic and diluted (loss) earnings per common share for 2017, 2016 and 2015:



	Year Ended December 31,
	2017			2016			2015
Numerator:
(Loss) income from continuing operations, net of taxes	$	(185.3	)	$	(17.0	)	$	59.3
Income (loss) from discontinued operations, net of taxes	2.1			(4.9		)	(3.2		)
Net (loss) income	$	(183.2	)	$	(21.9	)	$	56.1
Denominator:
Weighted-average common shares outstanding – Basic	52,597,582			52,504,196			52,431,193
Effect of dilutive restricted stock	—			—			160,352
Weighted-average common shares outstanding – Diluted	52,597,582			52,504,196			52,591,545
Basic (loss) earnings per common share:
Continuing operations	$	(3.52	)	$	(0.33	)	$	1.13
Discontinued operations	0.04			(0.09		)	(0.06		)
Net (loss) income per common share	$	(3.48	)	$	(0.42	)	$	1.07
Diluted (loss) earnings per common share:
Continuing operations	$	(3.52	)	$	(0.33	)	$	1.13
Discontinued operations	0.04			(0.09		)	(0.06		)
Net (loss) income per common share	$	(3.48	)	$	(0.42	)	$	1.07

Unvested restricted stock awards under the Stock Plan ^(a)	20,804			109,481			—

^(a)These are outstanding common stock equivalents that were not included in the computation of diluted earnings per common share because their inclusion would have had an anti-dilutive effect.

CONTINGENCIES

12 Months Ended

Dec. 31, 2017

Commitments and Contingencies Disclosure [Abstract]

CONTINGENCIES

Products Corporation currently leases facilities for executive offices, warehousing, research and development and sales operations and leases various types of equipment under operating and capital lease agreements. Rental expense was $20.1 million, $18.5 million and $18.6 million for 2017, 2016 and 2015, respectively. Minimum rental commitments under all non-cancelable leases, including those pertaining to idled facilities, are presented in the following table:



Minimum Rental Commitments	Total		2018		2019		2020		2021		2022		Thereafter
Capital leases	$	2.9	$	1.4	$	0.9	$	0.4	$	0.1	$	0.1	$	—
Operating leases	245.4		48.0		39.3		31.3		27.1		21.1		78.6

The Company is involved in various routine legal proceedings incidental to the ordinary course of its business. The Company believes that the outcome of all pending legal proceedings in the aggregate is not reasonably likely to have a material adverse effect on the Company’s business, prospects, results of operations, financial condition and/or cash flows.

As previously disclosed, following the announcement of the execution of the Elizabeth Arden Merger Agreement, several putative shareholder class action lawsuits and a derivative lawsuit were filed challenging the Merger. In addition to the complaints filed on behalf of plaintiffs Parker, Christiansen, Ross and Stein on July 25, 2016, a lawsuit (Hutson v. Elizabeth Arden, Inc., et al., Case No. CACE-16-013566) (referred to as the "Hutson complaint") was filed in the Seventeenth Judicial Circuit in and for Broward County, Florida (the "Court") against Elizabeth Arden, the members of the board of directors of Elizabeth Arden, Revlon, Products Corporation and Acquisition Sub. In general, the Hutson complaint alleges that: (i) the members of Elizabeth Arden’s board of directors breached their fiduciary duties to Elizabeth Arden’s shareholders with respect to the Merger, by, among other things, approving the Merger pursuant to an unfair process and at an inadequate and unfair price; and (ii) Revlon, Products Corporation and Acquisition Sub aided and abetted the breaches of fiduciary duty by the members of Elizabeth Arden’s board of directors. The plaintiff seeks relief similar to that sought in the Parker case.

By Order dated August 4, 2016, all five cases were consolidated by the Court into a Consolidated Amended Class Action. Thereafter, on August 11, 2016, a Consolidated Amended Class Action Complaint was filed, seeking to enjoin defendants from consummating the Merger and/or from soliciting shareholder votes. To the extent that the Merger was consummated, the Consolidated Amended Class Action Complaint seeks to rescind the Merger or recover rescissory or other compensatory damages, along with costs and fees. The grounds for relief set forth in the Consolidated Amended Class Action Complaint in large part track those grounds as asserted in the five individual complaints, as previously disclosed. Class counsel advised that post-consummation of the Merger they were going to file a Second Consolidated Amended Class Action Complaint. The Second Consolidated Amended Class Action Complaint (which superseded the Consolidated Amended Class Action Complaint) was ultimately filed on or about January 26, 2017. Like the Consolidated Amended Class Action complaint, the grounds for relief set forth in the Second Consolidated Amended Class Action Complaint in large part track those grounds as asserted in the five individual complaints.

The defendants' motions to dismiss the Second Consolidated Amended Class Action Complaint were filed on March 28, 2017. Plaintiffs' response was filed on June 6, 2017 and defendants' replies were filed on July 13, 2017. A hearing on the defendants' motion to dismiss was held on September 19, 2017 and on November 20, 2017, the defendants’ motion was granted and the case was dismissed, with leave to amend under limited circumstances. On December 8, 2017, plaintiffs filed a Third Amended Complaint, seeking relief on the same grounds sought in the First and Second Amended Complaints, but alleged as direct, as opposed to derivative, claims. On January 12, 2018, the defendants once again moved to dismiss. The Company anticipates briefing, followed by a hearing that is expected to occur in the next few months. The Company believes the allegations contained in the Third Consolidated Amended Class Action Complaint are without merit and intends to continue to vigorously defend against them. Additional lawsuits arising out of or relating to the Merger Agreement or the Merger may be filed in the future.

The Company believes that the outcome of all pending legal proceedings in the aggregate is not reasonably likely to have a material adverse effect on the Company’s business, prospects, results of operations, financial condition and/or cash flows. However, in light of the uncertainties involved in legal proceedings generally, the ultimate outcome of a particular matter could be material to the Company’s operating results for a particular period depending on, among other things, the size of the loss or the nature of the liability imposed and the level of the Company’s income for that particular period.

RELATED PARTY TRANSACTIONS	12 Months Ended
RELATED PARTY TRANSACTIONS	Dec. 31, 2017
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	RELATED PARTY TRANSACTIONS As of December 31, 2017, MacAndrews & Forbes beneficially owned approximately 85% of Revlon's Class A Common Stock representing approximately 85% of Revlon’s outstanding shares of voting capital stock. As a result, MacAndrews & Forbes is able to elect Revlon’s entire Board of Directors and control the vote on all matters submitted to a vote of Revlon's stockholders. MacAndrews & Forbes is wholly-owned by Ronald O. Perelman, Chairman of Revlon’s Board of Directors. Transfer Agreements In June 1992, Revlon and Products Corporation entered into an asset transfer agreement with Revlon Holdings LLC, a Delaware limited liability company and formerly a Delaware corporation known as Revlon Holdings Inc. ("Revlon Holdings"), and which is an affiliate and an indirect wholly-owned subsidiary of MacAndrews & Forbes, and certain of Revlon Holdings’ wholly-owned subsidiaries. Revlon and Products Corporation also entered into a real property asset transfer agreement with Revlon Holdings. Pursuant to such agreements, in June 1992, Revlon Holdings transferred certain assets to Products Corporation and Products Corporation assumed all of the liabilities of Revlon Holdings, other than certain specifically excluded assets and liabilities (the liabilities excluded are referred to as the "Excluded Liabilities"). Certain consumer products lines sold in demonstrator-assisted retailers considered not integral to the Company's business and that historically had not been profitable and certain other assets and liabilities were retained by Revlon Holdings. Revlon Holdings agreed to indemnify Revlon and Products Corporation against losses arising from the Excluded Liabilities, and Revlon and Products Corporation agreed to indemnify Revlon Holdings against losses arising from the liabilities assumed by Products Corporation. The amounts reimbursed by Revlon Holdings to Products Corporation for the Excluded Liabilities was $0.3 million, $0.5 million and $0.3 million for 2017, 2016 and 2015, respectively. A payable balance of $0.2 million and nil to MacAndrews & Forbes was included within accrued expenses and other in the Company’s Consolidated Balance Sheets for transactions subject to the Transfer Agreements at December 31, 2017 and 2016, respectively. Reimbursement Agreements Revlon, Products Corporation and MacAndrews & Forbes Inc. (a wholly-owned subsidiary of MacAndrews & Forbes) have entered into reimbursement agreements (the "Reimbursement Agreements") pursuant to which: (i) MacAndrews & Forbes is obligated to provide (directly or through its affiliates) certain professional and administrative services, including, without limitation, employees, to the Company, and to purchase services from third-party providers, such as insurance, legal, accounting and air transportation services, on behalf of the Company, to the extent requested by Products Corporation; and (ii) Products Corporation is obligated to provide certain professional and administrative services, including, without limitation, employees, to MacAndrews & Forbes and to purchase services from third-party providers, such as insurance, legal and accounting services, on behalf of MacAndrews & Forbes, to the extent requested by MacAndrews & Forbes, provided that in each case the performance of such services does not cause an unreasonable burden to MacAndrews & Forbes or Products Corporation, as the case may be. The Company reimburses MacAndrews & Forbes for the allocable costs of the services that MacAndrews & Forbes purchases for or provides to the Company and for the reasonable out-of-pocket expenses that MacAndrews & Forbes incurs in connection with the provision of such services. MacAndrews & Forbes reimburses Products Corporation for the allocable costs of the services that Products Corporation purchases for or provides to MacAndrews & Forbes and for the reasonable out-of-pocket expenses incurred by Products Corporation in connection with the purchase or provision of such services. Each of the Company, on the one hand, and MacAndrews & Forbes, on the other, has agreed to indemnify the other party for losses arising out of the services provided by it under the Reimbursement Agreements, other than losses resulting from its willful misconduct or gross negligence. The Reimbursement Agreements may be terminated by either party on 90 days' notice. The Company does not intend to request services under the Reimbursement Agreements unless their costs would be at least as favorable to the Company as could be obtained from unaffiliated third parties. The Company participates in MacAndrews & Forbes' directors and officers liability insurance program (the "D&O Insurance Program"), as well as its other insurance coverages, such as property damage, business interruption, liability and other coverages, which cover the Company, as well as MacAndrews & Forbes and its subsidiaries. The limits of coverage for certain of the policies are available on an aggregate basis for losses to any or all of the participating companies and their respective directors and officers. The Company reimburses MacAndrews & Forbes from time-to-time for their allocable portion of the premiums for such coverage or the Company pays the insurers directly, which premiums the Company believes are more favorable than the premiums that the Company would pay were it to secure stand-alone coverage. Any amounts paid by the Company directly to MacAndrews & Forbes in respect of premiums are included in the amounts paid under the Reimbursement Agreements. The net activity related to services purchased under the Reimbursement Agreements during each 2017, 2016 and 2015 was $3.8 million, $1.5 million and $2.1 million, respectively, which primarily included partial payments made by the Company to MacAndrews & Forbes during the first quarter of 2017, 2016 and 2015 for premiums related to the Company's allocable portion of the 5-year renewal of the D&O Insurance Program for the period from January 31, 2012 through January 31, 2017 (which insurance coverage was renewed in January 2017 through January 2020). As of December 31, 2017 and December 31, 2016, a payable balance of $0.3 million and $0.2 million, respectively, to MacAndrews & Forbes was included in the Company's Consolidated Balance Sheet for transactions subject to the Reimbursement Agreements. Tax Sharing Agreements As a result of a debt-for-equity exchange transaction completed in March 2004 (the "2004 Revlon Exchange Transactions"), as of March 25, 2004, Revlon, Products Corporation and their U.S. subsidiaries were no longer included in the MacAndrews & Forbes Group for U.S. federal income tax purposes. See Note 16, "Income Taxes," for further discussion on these agreements and related transactions in 2017, 2016 and 2015. Registration Rights Agreement Prior to the consummation of Revlon's initial public equity offering in February 1996, Revlon and Revlon Worldwide Corporation (which subsequently merged into REV Holdings LLC, a Delaware limited liability company and a wholly-owned subsidiary of MacAndrews & Forbes ("REV Holdings")), the then direct parent of Revlon entered into a registration rights agreement (the "Registration Rights Agreement"). In February 2003, MacAndrews & Forbes executed a joinder agreement to the Registration Rights Agreement, pursuant to which REV Holdings, MacAndrews & Forbes and certain transferees of Revlon's Common Stock held by REV Holdings (the "Holders") had the right to require Revlon to register under the Securities Act all or part of the Class A Common Stock owned by such Holders, including, without limitation, the shares of Class A Common Stock purchased by MacAndrews & Forbes in connection with Revlon's 2003 $50.0 million equity rights offering and the shares of Class A Common Stock which were issued to REV Holdings upon its conversion of all 3,125,000 shares of its Class B Common Stock in October 2013 (a "Demand Registration"). In connection with closing the 2004 Revlon Exchange Transactions and pursuant to the 2004 Investment Agreement, MacAndrews & Forbes executed a joinder agreement that provided that MacAndrews & Forbes would also be a Holder under the Registration Rights Agreement and that all shares acquired by MacAndrews & Forbes pursuant to the 2004 Investment Agreement are deemed to be registrable securities under the Registration Rights Agreement. This included all of the shares of Class A Common Stock acquired by MacAndrews & Forbes in connection with Revlon’s March 2006 $110 million rights offering of shares of its Class A Common Stock and related private placement to MacAndrews & Forbes, and Revlon’s January 2007 $100 million rights offering of shares of its Class A Common Stock and related private placement to MacAndrews & Forbes. Pursuant to the Registration Rights Agreement, in 2009 Revlon registered under the Securities Act all 9,336,905 shares of Class A Common Stock issued to MacAndrews & Forbes in the 2009 Exchange Offer, in which, among other things, Revlon issued to MacAndrews & Forbes shares of Class A Common Stock at a ratio of one share of Class A Common Stock for each $5.21 of outstanding principal amount of the then-outstanding Senior Subordinated Term Loan that MacAndrews & Forbes contributed to Revlon. Revlon may postpone giving effect to a Demand Registration for a period of up to 30 days if Revlon believes such registration might have a material adverse effect on any plan or proposal by Revlon with respect to any financing, acquisition, recapitalization, reorganization or other material transaction, or if Revlon is in possession of material non-public information that, if publicly disclosed, could result in a material disruption of a major corporate development or transaction then pending or in progress or could result in other material adverse consequences to Revlon. In addition, the Holders have the right to participate in registrations by Revlon of its Class A Common Stock (a "Piggyback Registration"). The Holders will pay all out-of-pocket expenses incurred in connection with any Demand Registration. Revlon will pay any expenses incurred in connection with a Piggyback Registration, except for underwriting discounts, commissions and expenses attributable to the shares of Class A Common Stock sold by such Holders. Other Pursuant to the terms of Mr. Delpani’s Transition and Separation Agreement and Release with Revlon and Products Corporation, dated March 1, 2016 (as amended on April 21, 2016), in April 2016, the Company (i) repurchased from Mr. Delpani 72,895 shares of Revlon Class A Common Stock (representing vested, formerly restricted shares that Revlon granted to Mr. Delpani) for an aggregate purchase price of $2.7 million, based on the $36.83 NYSE per share closing price of Revlon Class A Common Stock on April 20, 2016; and (ii) paid Mr. Delpani $1.6 million as consideration for canceling his 65,703 restricted shares of Revlon Class A Common Stock that were otherwise scheduled to vest on March 15, 2017. Mr. Delpani ceased employment with the Company on March 31, 2016 and ceased to serve as Director in June 2016. Certain of Products Corporation’s debt obligations, including the 2016 Credit Agreements and Products Corporation's Senior Notes, have been, and may in the future be, supported by, among other things, guarantees from all of Products Corporation's domestic subsidiaries (subject to certain limited exceptions) and, for the 2016 Credit Agreements, guarantees from Revlon. The obligations under such guarantees are secured by, among other things, all of the capital stock of Products Corporation and, its domestic subsidiaries (subject to certain limited exceptions) and 66% of the capital stock of Products Corporation's and its domestic subsidiaries' first-tier foreign subsidiaries. See Note 11, "Long Term Debt," for a discussion of the terms of the 2016 Credit Agreements and Senior Notes. Effective January 28, 2018, the Board of Directors elected Debra G. Perelman as Chief Operating Officer of the Company, overseeing certain aspects of the Company's marketing, sales and research & development functions. See Part II, Item 9B, Other Information, in this Form 10-K for a description of Ms. Perelman’s employment terms. Ms. Perelman is the daughter of Ronald O. Perelman, the Chairman of the Company's Board of Directors. Ms. Perelman's former position as EVP Strategy, Digital Content and New Business Development of the Company, which began in December 2017, was carried out pursuant to a secondment arrangement between the Company and M&F, pursuant to which her compensation and benefits were paid directly by M&F and not by the Company, except that the Company was responsible for applicable business and travel expenses incurred by Ms. Perelman. During 2017 and 2016, the Company engaged several companies in which MacAndrews & Forbes had a controlling interest to provide the Company with various ordinary course business services. These services included processing approximately $27.5 million and $40.9 million of coupon redemptions for the Company's retail customers for 2017 and 2016, respectively, for which the Company paid fees of approximately $0.2 million and $0.4 million in 2017 and 2016, respectively, and other similar advertising, coupon redemption and raw material supply services, for which the Company paid fees aggregating to $0.5 million and less than $0.1 million in 2017 and 2016, respectively. The Company believes that its engagement of each of these affiliates was on arm's length terms, taking into account each firm's expertise in its respective field, and that the fees paid were at least as favorable as those available from unaffiliated parties.

QUARTERLY RESULTS OF OPERATIONS

12 Months Ended

Dec. 31, 2017

Quarterly Financial Information Disclosure [Abstract]

QUARTERLY RESULTS OF OPERATIONS (UNAUDITED)

The following is a summary of the Company’s unaudited quarterly results of operations for 2017 and 2016:



	Year Ended December 31, 2017
	1st Quarter			2nd Quarter			3rd Quarter			4th Quarter
Net sales	$	594.9		$	645.7		$	666.5		$	786.6
Gross profit	329.8			377.5			376.2			458.9
Loss from continuing operations, net of taxes^(a)	(37.7		)	(37.1		)	(32.8		)	(77.7		)
Income from discontinued operations, net of taxes^(c)	0.3			0.6			0.4			0.8
Net loss^(a)(c)	(37.4		)	(36.5		)	(32.4		)	(76.9		)

^*Basic (loss) income per common share^(a)(c):
Continuing operations	$	(0.72	)	$	(0.70	)	$	(0.62	)	$	(1.48	)
Discontinued operations	0.01			—			0.01			0.02
Net (loss) income per common share	$	(0.71	)	$	(0.70	)	$	(0.61	)	$	(1.46	)

^*Diluted (loss) income per common share^(a)(c):
Continuing operations	$	(0.72	)	$	(0.70	)	$	(0.62	)	$	(1.48	)
Discontinued operations	0.01			—			0.01			0.02
Net (loss) income per common share	$	(0.71	)	$	(0.70	)	$	(0.61	)	$	(1.46	)



	Year Ended December 31, 2016
	1st Quarter		2nd Quarter			3rd Quarter			4th Quarter
Net sales	$	439.6	$	488.9		$	604.8		$	800.7
Gross profit	285.7		317.4			361.4			452.4
(Loss) Income from continuing operations, net of taxes^(b)	10.6		10.8			(4.5		)	(33.9		)
(Loss) from discontinued operations, net of taxes^(c)	0.4		(2.5		)	(0.2		)	(2.6		)
Net (loss) income^(b)(c)	11.0		8.3			(4.7		)	(36.5		)

*Basic (loss) income per common share^(b)(c):
Continuing operations	$	0.20	$	0.21		$	(0.09	)	$	(0.65	)
Discontinued operations	0.01		(0.05		)	—			(0.05		)
Net (loss) income per common share	$	0.21	$	0.16		$	(0.09	)	$	(0.70	)

*Diluted (loss) income per common share^(b)(c):
Continuing operations	$	0.20	$	0.21		$	(0.09	)	$	(0.65	)
Discontinued operations	0.01		(0.05		)	—			(0.05		)
Net (loss) income per common share	$	0.21	$	0.16		$	(0.09	)	$	(0.70	)


^(*)	The sum of the quarterly earnings per share amounts may not equal the full year amount reported since per share amounts are computed independently for each quarter and for the full year based upon the respective weighted average common shares outstanding and other dilutive potential common shares for each respective period.

^(a)

Loss from continuing operations, net loss and basic and diluted net loss per share for the fourth quarter of 2017 were impacted by: (i) a $59.6 million provision for income taxes, primarily due to the impact of the Tax Act (See Note 16, "Income Taxes" for more information); (ii) $22.1 million of restructuring charges, primarily related to the EA Integration Restructuring Program (See Note 3, "Restructuring Charges" for more information); and (iii) $12.7 million of acquisition and integration costs primarily related to the Elizabeth Arden Acquisition.

(b)

Income from continuing operations, net income and basic and diluted income per share for the fourth quarter of 2016 were unfavorably impacted by: (i) $31.7 million of restructuring charges related to the EA Integration Restructuring Charges (See Note 3, "Restructuring Charges"); and (ii) $16.7 million and $6.7 million of non-cash impairment charges on goodwill and intangible assets, respectively, within the Other reporting unit (see Note 8, "Goodwill and Intangible Assets, Net").


^(c)	Income (loss) from discontinued operations includes the results of the Company's former China operations within the Consumer segment (See Note 4, "Discontinued Operations").

SUBSEQUENT EVENTS	12 Months Ended
SUBSEQUENT EVENTS	Dec. 31, 2017
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTS Change in Leadership On January 30, 2018, the Company filed a Current Report on Form 8-K with the SEC disclosing, among other things, the resignation of Fabian T. Garcia as the Company's President and Chief Executive Officer effective as of January 28, 2018. Mr. Garcia also resigned as a director of the Company. Mr. Garcia continued as an employee of the Company in an advisory role through the end of February 2018 to assist the Company with the transition of his duties and responsibilities. The Form 8-K also disclosed that the Company and Mr. Garcia entered into a separation agreement memorializing the terms of his transition and separation of employment (the "Garcia Separation Agreement"). The Garcia Separation Agreement provides that Mr. Garcia will receive certain separation pay and benefits that he is otherwise entitled to receive under his employment agreement dated March 27, 2016 in respect of a termination without cause, which agreement was previously disclosed in a Current Report on Form 8-K filed with the SEC on March 28, 2016. With Mr. Garcia’s departure, the Board of Directors elected Paul M. Meister as the Company’s Executive Vice Chairman, effective January 28, 2018. In this position, Mr. Meister serves as the Company's principal executive officer until such time as Mr. Garcia’s full-time successor as President and Chief Executive Officer is appointed. The Company has evaluated subsequent events through the filing of this Form 10-K, and determined that there have been no events that have occurred that would require adjustments to our disclosures in the consolidated financial statements.

SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS

12 Months Ended

Dec. 31, 2017

Valuation and Qualifying Accounts [Abstract]

Schedule of Valuation and Qualifying Accounts Disclosure

REVLON, INC. AND SUBSIDIARIES

VALUATION AND QUALIFYING ACCOUNTS

Years Ended December 31, 2017, 2016 and 2015

(dollars in millions)



	Balance at Beginning of Year		Charged to Cost and Expenses		Other Deductions			Balance at End of Year
Allowance for Doubtful Accounts:
2017	$	11.1	$	3.0	$	(0.6	)	$	13.5
2016	10.5		2.2		(1.6		)	11.1
2015	9.3		2.8		(1.6		)	10.5

Allowance for Volume and Early Payment Discounts:
2017	$	23.0	$	100.4	$	(92.7	)	$	30.7
2016	22.6		80.1		(79.7		)	23.0
2015	23.4		51.6		(52.4		)	22.6

Allowance for Sales Returns:
2017	$	47.2	$	68.3	$	(55.7	)	$	59.8
2016	39.3		64.5		(56.6		)	47.2
2015	45.4		48.5		(54.6		)	39.3

DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Consolidation	The accompanying Consolidated Financial Statements include the Company's accounts after the elimination of all material intercompany balances and transactions.
Reclassifications	Certain prior year amounts have been reclassified to conform to the current year presentation.
Basis of Presentation	The preparation of the Company's Consolidated Financial Statements in conformity with U.S. generally accepted accounting principles ("U.S. GAAP") requires management to make estimates and assumptions that affect amounts of assets and liabilities and disclosures of contingent assets and liabilities as of the date of the financial statements and reported amounts of revenues and expenses during the periods presented. Actual results could differ from these estimates. Estimates and assumptions are reviewed periodically and the effects of revisions are reflected in the Consolidated Financial Statements in the period they are determined to be necessary. Significant estimates made in the accompanying Consolidated Financial Statements include, but are not limited to, allowances for doubtful accounts, inventory valuation reserves, expected sales returns and allowances, trade support costs, certain assumptions related to the valuation of acquired intangible and long-lived assets and the recoverability of goodwill, intangible and long-lived assets, income taxes, including deferred tax valuation allowances and reserves for estimated tax liabilities, restructuring costs, certain estimates and assumptions used in the calculation of the net periodic benefit (income) costs and the projected benefit obligations for the Company’s pension and other post-retirement plans, including the expected long-term return on pension plan assets and the discount rate used to value the Company’s pension benefit obligations.
Discontinued Operations Presentation	Discontinued Operations Presentation As a result of the Company's decision on December 30, 2013 to exit its direct manufacturing, warehousing and sales business operations in mainland China within the Consumer segment, the Company has reported the results of its former China operations within income (loss) from discontinued operations, net of taxes in the Company's Consolidated Statements of Operations and Comprehensive (Loss) Income for all periods presented.
Cash and Cash Equivalents	Cash, Cash Equivalents and Restricted Cash Cash equivalents are primarily investments in high-quality, short-term money market instruments with original maturities of three months or less and are carried at cost, which approximates fair value.
Trade Receivables	Trade Receivables Trade receivables represent payments due to the Company for previously recognized net sales, reduced by an allowance for doubtful accounts for balances which are estimated to be uncollectible at period end. The Company grants credit terms in the normal course of business to its customers. Trade credit is extended based upon periodically updated evaluations of each customer's ability to perform its payment obligations. The Company does not normally require collateral or other security to support credit sales. The allowance for doubtful accounts is determined based on historical experience and ongoing evaluations of the Company's receivables and assessments of the risks of payment. The allowance for doubtful accounts is recorded against trade receivable balances when they are deemed uncollectible. Recoveries of trade receivables previously reserved are recorded in the consolidated statements of operations and comprehensive (loss) income when received.
Inventories	Inventories Inventories are stated at the lower of cost or net realizable value. Cost is based on standard cost and production variances, which approximates actual cost on the first-in, first-out method. Cost components include direct materials, direct labor and direct overhead, as well as in-bound freight. The Company records adjustments to the value of its inventory based upon its forecasted plans to sell products included in inventory, as well as planned product discontinuances. The physical condition (e.g., age and quality) of the inventories is also considered in establishing its valuation. These adjustments are estimates, which could vary significantly, either favorably or unfavorably, from the amounts that the Company may ultimately realize upon the disposition of inventories if future economic conditions, customer inventory levels, product discontinuances, sales return levels or competitive conditions differ from the Company's estimates and expectations.
Property, Plant and Equipment	Property, Plant and Equipment and Other Assets Property, plant and equipment is recorded at cost and is depreciated on a straight-line basis over the estimated useful lives of such assets as follows: land improvements, 20 to 30 years; buildings and improvements, 5 to 50 years; machinery and equipment, 3 to 15 years; counters and trade fixtures, 3 to 5 years; office furniture and fixtures, 3 to 15 years; and capitalized software, 2 to 10 years. Leasehold improvements and building improvements are amortized over their estimated useful lives or over the terms of the leases or remaining life of the original structure, whichever is shorter. Repairs and maintenance are charged to the statement of operations as incurred, and expenditures for additions and improvements are capitalized. Counters and trade fixtures are amortized over their estimated useful life of the in-store counter and display related assets. The estimated useful life may be subject to change based upon declines in net sales and/or changes in merchandising programs. See Note 7, "Property, Plant and Equipment," for further discussion.
Other Assets	Included in other assets are permanent wall displays amounting to $84.8 million and $64.1 million as of December 31, 2017 and 2016, respectively, which are amortized generally over a period of 1 to 3 years. In the event of product discontinuances, from time-to-time, the Company may accelerate the amortization of related permanent wall displays based on the estimated remaining useful life of the asset. Amortization expense for permanent wall displays was $55.4 million, $47.8 million and $41.3 million for 2017, 2016 and 2015, respectively.
Impairment of Long-Lived Assets	Long-lived assets, such as property, plant and equipment, are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset or asset group may not be recoverable. If events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable, the Company estimates the undiscounted future cash flows (excluding interest) resulting from the use of the asset and its ultimate disposition. If the sum of the undiscounted cash flows (excluding interest) is less than the carrying value, the Company recognizes an impairment loss, measured as the amount by which the carrying value exceeds the fair value of the asset.
Goodwill	Goodwill Goodwill represents the excess purchase price for businesses acquired over the fair value of net assets acquired. Goodwill is not amortized, but rather is reviewed annually for impairment at the reporting unit level using October 1^st carrying values, or when there is evidence that events or changes in circumstances indicate that the Company’s carrying amount may not be recovered. For 2017, in assessing whether goodwill was impaired in connection with its annual impairment test performed during the fourth quarter of 2017 using October 1^st, 2017 carrying values, the Company performed qualitative assessments to determine whether it would be necessary to perform the two-step process, as prescribed by Accounting Standard Codification ("ASC") 350, Intangibles - Goodwill and Other, to assess the Company's indefinite-lived intangible assets for indicators of impairment. In performing the qualitative assessments, the Company considered the results of the step one test performed in 2016 and the financial performance of the (i) Revlon, Almay and Other; (ii) Elizabeth Arden; and (iii) Professional reporting units. Based upon such assessment, the Company determined that it was more likely than not that the fair values of these reporting units exceeded their carrying amounts for 2017. However, for 2017, the Company determined that it would utilize the two-step process to test the Global Color Brands ("GCB") reporting unit for impairment. In the first step of this test, the Company compared the fair value of the GCB reporting unit, determined based upon its discounted estimated future cash flows, to its carrying amount, including goodwill. The results of the step one test indicated that impairment indicators existed for the GCB reporting unit due to continued net sales declines for both the SinfulColors and the Pure Ice brands and lower promotional activity for the Pure Ice brand. In the second step, the Company measured the potential impairment of the GCB reporting unit by comparing the implied fair value with the carrying amount of its goodwill at October 1, 2017. The implied fair value of the GCB reporting unit's goodwill was determined in the same manner as the amount of goodwill recognized in a business combination, where the estimated fair value of the GCB reporting unit was allocated to all of the assets and liabilities of that reporting unit (including both recognized and unrecognized intangible assets) as if GCB had been acquired in a business combination and the estimated fair value of the GCB reporting unit was the purchase price paid. When the carrying amount of a reporting unit's goodwill is greater than the implied fair value of its goodwill, an impairment loss is recognized. The Company determined the fair value of the GCB reporting unit using discounted estimated future cash flows.
Intangible Assets, net	Intangible Assets, net Intangible Assets, net, include trade names and trademarks, customer relationships, patents and internally developed intellectual property ("IP") and acquired licenses. Indefinite-lived intangible assets, consisting of certain trade names, are not amortized, but rather are tested for impairment annually during the fourth quarter using October 1^st carrying values, similar to goodwill, and the Company recognizes an impairment if the carrying amount of its intangible assets exceeds its fair value. Intangible assets with finite useful lives are amortized over their respective estimated useful lives to their estimated residual values. The Company writes off the gross carrying amount and accumulated amortization for intangible assets in the year in which the asset becomes fully amortized. Finite-lived intangible assets are considered for impairment upon the occurrence of certain "triggering events" and the Company recognizes an impairment if the carrying amount of the long-lived asset group exceeds the Company's estimate of the asset group's undiscounted future cash flows.
Revenue Recognition and Sales Returns	Revenue Recognition and Sales Returns The Company's policy is to recognize revenue when persuasive evidence of an arrangement exists, delivery has occurred, the sales price is fixed or determinable and collection is probable. The Company records revenue from the sale of its products when risk of loss and title to the products transfers to the customer. Net sales are comprised of gross revenues less expected product returns, trade discounts and customer allowances, which include costs associated with off-invoice mark-downs and other price reductions, as well as trade promotions and coupons. These incentive costs are recognized at the later of the date on which the Company recognizes the related revenue or the date on which the Company offers the incentive. The Company allows customers to return their unsold products if and when they meet certain Company-established criteria as set forth in the Company's trade terms. The Company regularly reviews and revises, when deemed necessary, its estimates of sales returns based primarily upon the historical rate of actual product returns, planned product discontinuances, new product launches and estimates of customer inventory and promotional sales. The Company records sales returns as a reduction to sales and cost of sales, and an increase to accrued liabilities and inventories. Returned products, which are recorded as inventories, are valued based upon the amount that the Company expects to realize upon their subsequent disposition. The physical condition and marketability of the returned products are the major factors considered by the Company in estimating their realizable value. Revenues derived from licensing arrangements, including any pre-payments, are recognized in the period in which they are earned, but not before the initial license term commences.
Cost of Sales	Cost of Sales Cost of sales includes all of the costs to manufacture the Company's products. For products manufactured in the Company's own facilities, such costs include raw materials and supplies, direct labor and factory overhead. For products manufactured for the Company by third-party contractors, such cost represents the amounts invoiced by the contractors. Cost of sales also includes the cost of refurbishing products returned by customers that will be offered for resale and the cost of inventory write-downs associated with adjustments of held inventories to their net realizable value. These costs are reflected in the Company’s consolidated statements of operations and comprehensive (loss) income when the product is sold and net sales revenues are recognized or, in the case of inventory write-downs, when circumstances indicate that the carrying value of inventories is in excess of their recoverable value. Additionally, cost of sales reflects the costs associated with any free products included as sales and promotional incentives. These incentive costs are recognized on the later of the date that the Company recognizes the related revenue or the date on which the Company offers the incentive.
Selling, General and Administrative Expenses	Selling, General and Administrative Expenses Selling, general and administrative ("SG&A") expenses include expenses to advertise the Company's products, such as television advertising production costs and air-time costs, print advertising costs, digital marketing costs, promotional displays and consumer promotions. SG&A expenses also include the amortization of permanent wall displays and finite-lived intangible assets, depreciation of certain fixed assets, distribution costs (such as freight and handling), non-manufacturing overhead (principally personnel and related expenses), selling and trade educations fees, insurance and professional service fees.
Advertising	Advertising Advertising within SG&A expenses includes television, print, digital marketing and other advertising production costs that are expensed the first time the advertising takes place. The costs of promotional displays are expensed in the period in which they are shipped to customers. Advertising expenses were $550.0 million, $421.1 million and $368.7 million for 2017, 2016 and 2015, respectively, and were included in SG&A expenses in the Company's consolidated statements of operations and comprehensive (loss) income. The Company also has various arrangements with customers pursuant to its trade terms to reimburse them for a portion of their advertising costs, which provide advertising benefits to the Company. Additionally, from time-to-time, the Company may pay fees to customers in order to expand or maintain shelf space for its products. The costs that the Company incurs for "cooperative" advertising programs, end cap placement, shelf placement costs, slotting fees and marketing development funds, if any, are expensed as incurred and are recorded as a reduction within net sales.
Distribution Costs	Distribution Costs Costs associated with product distribution, such as freight and handling costs, are recorded within SG&A expenses when incurred.
Income Taxes	Income Taxes Income taxes are calculated using the asset and liability method. Under this method, the Company recognizes deferred tax assets and liabilities for the estimated future tax consequences attributable to differences between the financial statement carrying amounts of assets and liabilities and their respective tax bases, as well as for operating loss and tax credit carryforwards. The Company measures deferred tax assets and liabilities using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The Company recognizes the effect of a change in income tax rates on deferred tax assets and liabilities in income in the period that includes the enactment date. The Company records valuation allowances to reduce deferred tax assets when management determines that it was more likely than not that a tax benefit will not be realized. The Company recognizes a tax position in its financial statements when management determines that it was more likely than not that the position will be sustained upon examination, based on the merits of such position. The Company recognizes liabilities for unrecognized tax positions in the U.S. and other tax jurisdictions based on an estimate of whether and the extent to which additional taxes will be due. If payment of these amounts is ultimately not required, the reversal of the liabilities would result in additional tax benefits recognized in the period in which the Company determines that the liabilities are no longer required. If the estimate of tax liabilities is ultimately less than the final assessment, this will result in a further charge to expense. The Company recognizes interest and penalties related to income tax matters in income tax expense.
Research and Development	Research and Development Research and development expenditures are expensed as incurred and included within SG&A expenses.
Foreign Currency Translation	Foreign Currency Translation Assets and liabilities of foreign operations, whose functional currency is the local currency, are translated into U.S. Dollars at the rates of exchange in effect at the balance sheet date. Income and expense items are translated at the weighted-average exchange rates prevailing during each period presented. Gains and losses resulting from foreign currency transactions are included in the results of operations. Gains and losses resulting from translation of financial statements of foreign subsidiaries and branches operating in non-hyperinflationary economies are recorded as a component of accumulated other comprehensive loss until either the sale or upon the complete or substantially complete liquidation by the Company of its investment in a foreign entity. To the extent that foreign subsidiaries and branches operate in hyperinflationary economies, non-monetary assets and liabilities are translated at historical rates and translation adjustments are included in the Company's results of operations.
Basic and Diluted Earnings per Common Share and Classes of Stock	Basic and Diluted Earnings per Common Share and Classes of Stock Shares used in basic earnings per share are computed using the weighted-average number of common shares outstanding during each period. Shares used in diluted earnings per share include the dilutive effect of unvested restricted shares under the stock plan using the treasury stock method.
Stock-Based Compensation	Stock-Based Compensation The Company recognizes stock-based compensation costs for its restricted stock and restricted stock units, measured at the fair value of each award at the time of grant, as an expense over the period during which an employee is required to provide service. Upon the vesting of restricted stock, any resulting tax benefits are recognized in the consolidated statements of operations and comprehensive (loss) income as the awards vest or are settled. The Company reflects such excess tax benefits as cash flows from financing activities in the consolidated statements of cash flows.
Derivative Financial Instruments	Derivative Financial Instruments The Company is exposed to certain risks relating to its ongoing business operations. The Company uses derivative financial instruments, including: (i) foreign currency forward exchange contracts ("FX Contracts") intended for the purpose of managing foreign currency exchange risk by reducing the effects of fluctuations in foreign currency exchange rates on the Company’s net cash flows; and (ii) interest rate hedging transactions intended for the purpose of managing interest rate risk associated with Products Corporation’s variable rate indebtedness. Foreign Currency Forward Exchange Contracts Products Corporation enters into FX Contracts primarily to hedge the anticipated net cash flows resulting from inventory purchases and intercompany payments denominated in currencies other than the local currencies of the Company’s foreign and domestic operations and generally have maturities of less than one year. The Company does not apply hedge accounting to its FX Contracts. The Company records FX Contracts in its consolidated balance sheet at fair value and immediately recognizes changes in fair value in earnings. Fair value of the Company’s FX Contracts is determined by using observable market transactions of spot and forward rates. See Note 13, "Financial Instruments," for further discussion of the Company's FX Contracts. Interest Rate Swap As a result of the Company completing several debt transactions in connection with the September 7, 2016 acquisition of Elizabeth Arden, Inc. ("Elizabeth Arden," the "Elizabeth Arden Acquisition" and the "Elizabeth Arden Acquisition Date," respectively), the critical terms of the 2013 Interest Rate Swap (as hereinafter defined) no longer matched the terms of the underlying debt and the 2013 Interest Rate Swap was determined to no longer be highly effective. Accordingly, the Company discontinued hedge accounting for the 2013 Interest Rate Swap during the third quarter of 2016.
Recently Adopted and Recently Issued Accounting Pronouncements	Recently Adopted Accounting Pronouncements In August 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standard Update ("ASU") No. 2014-15, "Disclosure of Uncertainties about and Entity's Ability to Continue as a Going Concern," which requires an entity to evaluate whether conditions or events, in the aggregate, raise substantial doubt about the entity's ability to continue as a going concern for one year from the date the financial statements are issued or are available to be issued. The Company adopted ASU 2014-15 on January 1, 2017 and the adoption of this guidance did not have a material impact on the Company's financial statement disclosures. In March 2016, the FASB issued ASU No. 2016-09, "Improvements to Employee Share-Based Payment Accounting," which simplifies certain aspects of accounting for share-based payment transactions, including transactions in which an employee uses shares to satisfy the employer’s minimum statutory income tax withholding obligations, forfeitures and income taxes when awards vest or are settled. The Company adopted ASU No. 2016-09 beginning on January 1, 2017 and the adoption of this guidance did not have a material impact on the Company’s results of operations, financial condition and/or financial statement disclosures. The adoption of ASU No. 2016-09 resulted in tax withholdings related to net share settlements of restricted stock units and awards in the amount of $3.2 million and $2.8 million for 2016 and 2015, respectively, previously reported in the Consolidated Statement of Cash Flows as a component of cash flows from operating activities, to be reclassified as a component of cash flows from financing activities. In July 2015, the FASB issued ASU No. 2015-11, "Inventory (Topic 330): Simplifying the Measurement of Inventory," which simplifies the subsequent measurement of inventories by requiring inventory to be measured at the lower of cost or net realizable value, rather than at the lower of cost or market. Net realizable value is defined as the estimated selling price in the ordinary course of business, less reasonably predictable costs of completion, disposal and transportation. The Company adopted ASU No. 2015-11 beginning on January 1, 2017 and the adoption of this new guidance did not have a material impact on the Company’s results of operations, financial condition and/or financial statement disclosures. In November 2016, the FASB issued ASU No. 2016-18, "Statement of Cash Flows (Topic 230): Restricted Cash," which provides specific guidance on the presentation of changes in restricted cash and restricted cash equivalents on the statement of cash flows. Under the new standard, the changes in restricted cash and restricted cash equivalents are required to be disclosed in reconciling the opening and closing balances on the statement of cash flows. The Company adopted ASU No. 2016-18 during the fourth quarter of 2017 and the adoption of this new guidance did not have a material impact on the Company’s results of operations, financial condition and/or financial statement disclosures, other than requiring the Company to reconcile its cash balances from its statements of financial position to its statements of cash flows and including restricted cash within the beginning and ending balances of cash within the Company's statement of cash flow. Recently Issued Accounting Pronouncements In February 2018, the FASB issued ASU No. 2018-02, "Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income," which will permit entities to reclassify tax effects stranded in accumulated other comprehensive income as a result of tax reform to retained earnings. This new guidance can be applied retrospectively and provides entities with the option to reclassify the amounts. The new guidance is effective for annual and quarterly periods beginning after December 15, 2018, with early adoption permitted, and requires entities to make new disclosures regardless of whether they elect to reclassify tax effects. The Company is in the process of evaluating the impact that this new guidance is expected to have on its financial statements and/or financial statement disclosures. In March 2017, the FASB issued ASU No. 2017-07, "Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost," which changes the way that employers present net periodic pension cost ("NPPC") and net periodic postretirement benefit cost ("NPPBC") within the income statement. The amendment requires an employer to present the service cost component of NPPC and NPPBC in the same income statement line item(s) as other employee compensation costs arising from services rendered during the period. The other components of NPPC and NPPBC would be presented separately from this line item and below any subtotal of operating income; companies will need to disclose the line items used to present these other components of NPPC and NPPBC, if not separately presented in the statement of operations. In addition, only the service cost component would be eligible for capitalization in assets. This guidance is effective retrospectively for annual and quarterly periods beginning after December 15, 2017, with early adoption permitted. The Company adopted ASU No. 2017-07 beginning as of January 1, 2018, and the Company expects that substantially all of the 2018 projected cost of approximately $9.0 million will be presented below operating income in the Company's 2018 Statement of Operations and Comprehensive (Loss) Income. In January 2017, the FASB issued ASU No. 2017-04, "Simplifying the Test for Goodwill Impairment," which simplifies the annual goodwill impairment analysis test by eliminating Step 2 of the current two-step impairment test. Under the new guidance, an entity would continue to perform the first step of the annual impairment test by comparing the carrying amount of a reporting unit with its fair value. If the carrying value of the reporting unit exceeds the fair value of the reporting unit, the goodwill impairment charge would be equal to the amount of such difference. This guidance is effective for annual periods beginning after December 15, 2019, with early adoption permitted. The Company expects to adopt ASU No. 2017-04 beginning as of January 1, 2020 and is in the process of assessing the impact that this new guidance is expected to have on the Company’s results of operations, financial condition and/or financial statement disclosures. In January 2017, the FASB issued ASU No. 2017-01, "Clarifying the Definition of a Business," which further clarifies the definition of a business in an effort to assist entities in evaluating whether a set of transferred assets constitutes a business. Under this new guidance, if substantially all of the fair value of gross assets acquired is concentrated in a single asset or similar asset group, the set of transferred assets would not meet the definition of a business and no further evaluation is necessary. If this threshold is not met, the entity would then evaluate whether the set of transferred assets and activities meets the requirement that a business include, at a minimum, an input and a process that together have the ability to create an output. This guidance is effective for annual and quarterly periods beginning after December 15, 2017, with early adoption permitted. The Company expects to adopt ASU No. 2017-01 beginning as of January 1, 2018 and expects that this new guidance will not have an impact on the Company’s results of operations, financial condition and/or financial statement disclosures. In August 2016, the FASB issued ASU No. 2016-15, "Classification of Certain Receipts and Cash Payments," which aims to standardize how certain transactions are classified within the Statement of Cash Flows, including, among other issues, debt prepayment and extinguishment costs and contingent consideration payments made after a business combination. This guidance is effective for annual periods beginning after December 15, 2017, with early adoption permitted. The Company will adopt ASU No. 2016-15 beginning as of January 1, 2018 and is in the process of assessing the impact that this new guidance is expected to have on the Company’s results of operations, financial condition and/or financial statement disclosures. In February 2016, the FASB issued ASU No. 2016-02, "Leases (Topic 842)," which requires lessees to recognize a right-of-use asset and a liability on the balance sheet for all leases, with the exception of short-term leases. The lease liability will be equal to the present value of lease payments and the right-of-use asset will be based on the lease liability, subject to adjustment such as for initial direct costs. Leases will continue to be classified as either operating or finance leases in the income statement. This guidance is effective for annual periods beginning after December 15, 2018, with early adoption permitted. The Company will adopt ASU No. 2016-02 beginning as of January 1, 2019 and is in the process of assessing the impact that this new guidance is expected to have on the Company’s results of operations, financial condition and/or financial statement disclosures. In May 2014, the FASB issued ASU No. 2014-09, "Revenue from Contracts with Customers." This new standard will replace most existing revenue recognition guidance in U.S. GAAP when it becomes effective. The underlying principle of this new standard is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration for which the entity expects to be entitled in exchange for those goods or services. Entities may adopt this new standard either retrospectively for all periods presented in the financial statements (i.e., the full retrospective method) or as a cumulative-effect adjustment as of the date of adoption (i.e., the modified retrospective method), without applying to comparative years’ financial statements. In August 2015, the FASB issued ASU No. 2015-14, "Revenue from Contracts with Customers: Deferral of the Effective Date," which allows for a deferral of the adoption date for ASU No. 2014-09 until January 1, 2018 and permits early adoption of ASU No. 2014-09, but not before the effective date of January 1, 2017. The Company adopted ASU No. 2014-09 beginning as of January 1, 2018 using the modified retrospective method. While the Company is finalizing its assessment of all potential impacts of ASU No. 2014-09, given the nature of the Company's products and the terms and conditions applicable to sales to its customers, the timing and amount of revenue recognized based on the underlying principles of this new standard are consistent with the Company's revenue recognition policy under previous guidance. As a result, the Company does not currently expect that the adoption will have a material impact on its revenues, results of operations or financial position. The Company does, however, expect to expand its financial statement disclosures in order to comply with the new standard. The Company has drafted its accounting policy with respect to the new standard based on a review of its business. The new policy reflects updates to internal controls and processes to enable the preparation of financial information upon its adoption of ASU No. 2014-09.

BUSINESS COMBINATIONS (Tables)

12 Months Ended

Dec. 31, 2017

Allocation of Consideration

The Company accounted for the Cutex International Acquisition as a business combination in the second quarter of 2016. The table below summarizes the allocation of the total consideration paid:



	Amounts Recognized as of May 31, 2016
Inventory	$	0.8
Purchased Intangible Assets ^(a)	17.2
Goodwill	11.1
Total consideration transferred	$	29.1

Elizabeth Arden

Components of Purchase Price

The components of the purchase price for the Elizabeth Arden Acquisition were as follows:



	As of September 7, 2016
Purchase price of Elizabeth Arden common stock ⁽¹⁾	$	431.5
Repayment of Elizabeth Arden senior notes ⁽²⁾	350.0
Repayment of Elizabeth Arden revolving credit facility, including accrued interest ⁽³⁾	142.5
Repayment of Elizabeth Arden second lien credit facility, including accrued interest ⁽³⁾	25.0
Repurchase of Elizabeth Arden preferred stock ⁽⁴⁾	55.0
Payment of accrued interest and call premium on Elizabeth Arden Senior Notes ⁽⁵⁾	27.4
Payment of Elizabeth Arden dividends payable at Elizabeth Arden Acquisition Date ⁽⁶⁾	2.9
Total Purchase Price	$	1,034.3

(1)


(2)	The purchase price included the repurchase of the entire $350 million aggregate principal amount then outstanding of Elizabeth Arden’s 7.375% senior notes due 2021 (the "Elizabeth Arden Old Senior Notes").

(3)


(4)	The purchase price included $55 million that was paid to retire the entire $55 million liquidation preference of all of the then issued and outstanding 50,000 shares of Elizabeth Arden preferred stock, par value $0.01 per share (the "Elizabeth Arden Preferred Stock"), which amount included a $5 million change of control premium.

(5)


(6)	The purchase price included the payment of approximately $2.9 million in accrued dividends payable at the Elizabeth Arden Acquisition Date to the holders of the then outstanding Elizabeth Arden Preferred Stock.

Allocation of Consideration

The table below summarizes the allocation of the total consideration of $1,034.3 million paid on the Elizabeth Arden Acquisition Date, both as previously reported and as adjusted by the measurement period adjustments.



	Estimated Fair Value as Previously Reported^(a)			Measurement Period Adjustments			Fair Value as Adjusted
Cash	$	41.1		$	—		$	41.1
Accounts Receivable	132.6			—			132.6
Inventories	323.3			—			323.3
Prepaid expenses and other current assets	30.7			—			30.7
Property and equipment	91.2			—			91.2
Deferred taxes, net ^(b)	68.7			10.0			78.7
Intangible assets ^(c)	336.8			(15.4		)	321.4
Goodwill	221.7			12.3			234.0
Other assets	16.6			—			16.6
Total assets acquired	$	1,262.7		$	6.9		$	1,269.6
Accounts payable	(116.0		)	—			(116.0		)
Accrued expenses ^(d)	(109.3		)	1.7			(107.6		)
Other long-term liabilities^(e)	(3.1		)	(8.6		)	(11.7		)
Total liabilities assumed	$	(228.4	)	$	(6.9	)	$	(235.3	)
Total consideration transferred	$	1,034.3		$	—		$	1,034.3

^(a) As previously reported in Revlon's 2016 Form 10-K.

^(d) The Measurement Period Adjustments to accrued expenses related to changes in estimated payments for acquisition-related costs.

Acquired Intangible Assets

The intangible assets acquired in the Elizabeth Arden Acquisition based on the estimate of the fair values of the identifiable intangible assets are as follows:



	As Previously Reported^(a)							As Adjusted
	Estimated Fair Values		Remaining Useful Life at the Elizabeth Arden Acquisition Date (in years)	Measurement Period Adjustments^(b)				Fair Values		Remaining Useful Life at the Elizabeth Arden Acquisition Date (in years)
Trademarks, indefinite-lived	$	142.0	Indefinite	$	(103.0	)		$	39.0	Indefinite
Trademarks, finite-lived	15.0		15	87.6				102.6		5 - 20
Technology	2.5		10	—				2.5		10
Customer relationships	123.0		16	—				123.0		16
License agreements	22.0		19	—				22.0		19
Distribution rights	31.0		18	—				31.0		18
Favorable lease commitments	1.3		3	—				1.3		3
Total acquired intangible assets	$	336.8		$	(15.4	)	^(b)	$	321.4

^(a) As previously reported in Revlon's 2016 Form 10-K.

^(b) The Measurement Period Adjustments to the Elizabeth Arden acquired trade names resulted in a $15.4 million increase to goodwill, which was recorded in the fiscal quarter ended March 31, 2017.

Pro Forma Results



	Unaudited Pro Forma Results
		Year Ended December 31,
		2016			2015
Net sales		$	2,858.9		$	2,863.5
Loss from continuing operations, before income taxes		(57.1		)	(74.6		)

Pro Forma Adjustments to Interest Expense



	Year Ended December 31,
($ in millions)	2016			2015
Interest Expense
Pro forma interest on 2016 Senior Credit Facilities and 6.25% Senior Notes	$	121.9		$	106.4
Reversal of Elizabeth Arden’s historical interest expense	(19.5		)	(26.2		)
Company historical interest expense, as reflected in the historical consolidated financial statements	(75.9		)	(50.9		)
Total adjustment for pro forma interest expense	$	26.5		$	29.3
Debt issuance costs
Pro forma amortization of debt issuance costs	$	8.1		$	8.1
Company historical amortization of debt issuance costs, as reflected in the historical consolidated financial statements	(3.3		)	(4.4		)
Reversal of Elizabeth Arden’s historical amortization of debt issuance costs	(1.3		)	(1.5		)
Total adjustment for pro forma amortization of debt issuance costs	$	3.5		$	2.2

RESTRUCTURING CHARGES (Tables)

12 Months Ended

Dec. 31, 2017

Restructuring and Related Activities [Abstract]

Schedule of Restructuring and Related Charges

A summary of the restructuring and related charges incurred through December 31, 2017 in connection with the EA Integration Restructuring Program is presented in the following table:



	Restructuring Charges and Other, Net
	Employee Severance and Other Personnel Benefits		Lease Termination and Other Costs^(a)		Total Restructuring Charges		Inventory Adjustments^(b)		Other Related Charges^(c)		Total Restructuring and Related Charges
Charges incurred through December 31, 2016	$	31.5	$	0.2	$	31.7	$	0.5	$	2.3	$	34.5
Charges incurred during the year ended December 31, 2017	31.3		4.8		36.1		0.9		0.7		37.7
Cumulative charges incurred through December 31, 2017	$	62.8	$	5.0	$	67.8	$	1.4	$	3.0	$	72.2

^(a) Includes primarily lease termination costs related to certain exited Elizabeth Arden office space.

^(b)Inventory adjustments are recorded within cost of sales in the Company’s consolidated statement of operations and comprehensive (loss) income.

^(c) Other related charges are recorded within SG&A in the Company’s consolidated statement of operations and comprehensive (loss) income.

A summary of the restructuring charges incurred through December 31, 2017 in connection with the EA Integration Restructuring Program by reportable segment is presented in the following table:



	Charges incurred during the twelve months ended December 31, 2017		Cumulative charges incurred through December 31, 2017
Elizabeth Arden	$	16.1	$	22.6
Consumer	12.1		16.3
Professional	4.2		9.8
Unallocated Corporate Expenses	3.7		19.1
Total	$	36.1	$	67.8

Schedule of Liability Balance and Activity of Restructuring Programs

The liability balance and related activity for each of the Company's restructuring programs are presented in the following table:



								Utilized, Net
	Liability Balance at January 1, 2017		Expense (Income), Net			Foreign Currency Translation		Cash			Non-cash		Liability Balance at December 31, 2017
2017
EA Integration Restructuring Program:^(a)
Employee severance and other personnel benefits	$	31.5	$	31.3		$	—	$	(37.0	)	$	—	$	25.8
Other	3.0		6.4			—		(5.5		)	—		3.9
2015 Efficiency Program:^(b)
Employee severance and other personnel benefits	4.5		(3.2		)	—		(1.0		)	—		0.3
Other	0.2		—			—		—			—		0.2
December 2013 Program:^(c)
Employee severance and other personnel benefits	1.2		—			—		(0.1		)	—		1.1
Other immaterial actions:^(d)
Employee severance and other personnel benefits	1.4		0.6			—		(0.9		)	—		1.1
Other	1.0		1.1			0.1		(0.7		)	—		1.5
Total restructuring reserve	$	42.8	$	36.2		$	0.1	$	(45.2	)	$	—	$	33.9

	Liability Balance at January 1, 2016		Expense (Income), Net			Foreign Currency Translation		Cash			Non-cash		Liability Balance at December 31, 2016
2016
EA Integration Restructuring Program:
Employee severance and other personnel benefits	$	—	$	31.5		$	—	$	—		$	—	$	31.5
Other	—		3.0										3.0
2015 Efficiency Program:
Employee severance and other personnel benefits	6.6		0.6			—		(2.7		)	—		4.5
Other	0.1		0.7			—		(0.6		)	—		0.2
2014 Integration Program:^(e)
Employee severance and other personnel benefits	0.8		—			—		(0.8		)	—		—
Other	0.1		—			—		(0.1		)	—		—
December 2013 Program:
Employee severance and other personnel benefits	1.2		—			—		—			—		1.2
Other immaterial actions:
Employee severance and other personnel benefits	2.3		2.1			—		(3.0		)	—		1.4
Other	0.7		1.5			—		(1.5		)	0.3		1.0
Total restructuring reserve	$	11.8	$	39.4		$	—	$	(8.7	)	$	0.3	$	42.8



	2015 Efficiency Program cumulative charges incurred through December 31, 2017
Consumer	$	3.6
Professional	3.5
Unallocated Corporate Expenses	0.5
Total	$	7.6

DISCONTINUED OPERATIONS (Tables)

12 Months Ended

Dec. 31, 2017

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Discontinued Operations



	Year Ended December 31,
	2017		2016			2015
Net sales	$	—	$	—		$	—
Income (loss) from discontinued operations, before taxes	2.4		(4.9		)	(3.2		)
Provision for income taxes	0.3		—			—
Income (loss) from discontinued operations, net of taxes	2.1		(4.9		)	(3.2		)

Assets and liabilities of the China discontinued operations included in the Consolidated Balance Sheets consisted of the following:



	December 31,
	2017		2016
Cash and cash equivalents	$	1.3	$	1.7
Trade receivables, net	0.2		0.2
Total current assets	1.5		1.9
Total assets	$	1.5	$	1.9

Accounts payable	$	0.5	$	0.5
Accrued expenses and other	3.5		3.3
Total current liabilities	4.0		3.8
Total liabilities	$	4.0	$	3.8

Components of Inventories

Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 45
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=65878427&loc=SL51721533-107759

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
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-Section 50
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-URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721665-107760

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
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Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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-URI http://asc.fasb.org/extlink&oid=64827811&loc=d3e1361-107760

Reference 5: http://www.xbrl.org/2003/role/presentationRef
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-URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721683-107760

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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Reference 7: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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Reference 8: http://www.xbrl.org/2003/role/presentationRef
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Reference 10: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
-Topic 205
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Reference 11: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
-Topic 205
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Reference 12: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
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-URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721677-107760

+ Details

INVENTORIES (Tables)

12 Months Ended

Dec. 31, 2017

Inventory Disclosure [Abstract]

he Company's inventory balances consisted of the following:



	December 31,
	2017		2016
Raw materials and supplies	$	123.4	$	72.9
Work-in-process	22.0		33.5
Finished goods	352.5		318.2
	$	497.9	$	424.6

PROPERTY, PLANT AND EQUIPMENT (Tables)

12 Months Ended

Dec. 31, 2017

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment

he Company's property, plant and equipment balances consisted of the following:



	December 31,
	2017			2016
Land and improvements	$	11.6		$	10.4
Building and improvements	97.0			88.6
Machinery, equipment and capital leases	275.1			243.3
Office furniture, fixtures and capitalized software	168.3			122.7
Counters and trade fixtures	62.0			60.8
Leasehold improvements	51.4			46.0
Construction-in-progress	92.8			53.4
Property, plant and equipment, gross	758.2			625.2
Accumulated depreciation and amortization	(385.5		)	(304.7		)
Property, plant and equipment, net	$	372.7		$	320.5

GOODWILL AND INTANGIBLE ASSETS, NET (Tables)

12 Months Ended

Dec. 31, 2017

Goodwill and Intangible Assets Disclosure [Abstract]

Changes in Goodwill by Segment

The following table presents the changes in goodwill by segment during 2017 and 2016:



	Consumer			Professional			Elizabeth Arden		Other			Total
Balance at January 1, 2016	$	210.1		$	240.7		$	—	$	18.9		$	469.7
Goodwill acquired ^(a)	17.4			—			221.7		—			239.1
Foreign currency translation adjustment	—			(0.4		)	—		(2.2		)	(2.6		)
Goodwill impairment charge	—			—			—		(16.7		)	(16.7		)
Balance at December 31, 2016	$	227.5		$	240.3		$	221.7	$	—		$	689.5
Measurement Period Adjustments ^(b)	—			—			12.3		—			12.3
Foreign currency translation adjustment	—			1.5			—		—			1.5
Goodwill impairment charge	(10.8		)	—			—		—			(10.8		)
Balance at December 31, 2017	$	216.7		$	241.8		$	234.0	$	—		$	692.5

Cumulative goodwill impairment charges	$	(20.5	)	$	—		$	—	$	(16.7	)	$	(37.2	)

^(b) Refer to Note 2, "Business Combinations," for more information on the Measurement Period Adjustments related to the Elizabeth Arden Acquisition.

Summary of Finite-Lived Intangible Assets

The following tables present details of the Company's total intangible assets as of December 31, 2017 and 2016:



	December 31, 2017
	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Weighted-Average Useful Life (in Years)
Finite-lived intangible assets:
Trademarks and licenses	$	271.4	$	(72.8	)	$	198.6	13
Customer relationships	250.6		(46.8		)	203.8		13
Patents and internally-developed IP	20.8		(8.4		)	12.4		7
Distribution rights	31.0		(2.3		)	28.7		17
Other	1.3		(0.6		)	0.7		2
Total finite-lived intangible assets	$	575.1	$	(130.9	)	$	444.2

Indefinite-lived intangible assets:
Trade names	$	147.9	$	—		$	147.9
Total indefinite-lived intangible assets	$	147.9	$	—		$	147.9

Total intangible assets	$	723.0	$	(130.9	)	$	592.1

	December 31, 2016
	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Weighted-Average Useful Life (in Years)
Finite-lived intangible assets:
Trademarks and licenses	$	177.9	$	(47.9	)	$	130.0	13
Customer relationships	247.6		(30.1		)	217.5		14
Patents and internally-developed IP	20.3		(6.1		)	14.2		8
Distribution rights	31.0		(0.5		)	30.5		18
Other	1.3		(0.2		)	1.1		3
Total finite-lived intangible assets	$	478.1	$	(84.8	)	$	393.3

Indefinite-lived intangible assets:
Trade names	$	243.3	$	—		$	243.3
Total indefinite-lived intangible assets	$	243.3	$	—		$	243.3

Total intangible assets	$	721.4	$	(84.8	)	$	636.6

Summary of Indefinite-Lived Intangible Assets

The following tables present details of the Company's total intangible assets as of December 31, 2017 and 2016:



	December 31, 2017
	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Weighted-Average Useful Life (in Years)
Finite-lived intangible assets:
Trademarks and licenses	$	271.4	$	(72.8	)	$	198.6	13
Customer relationships	250.6		(46.8		)	203.8		13
Patents and internally-developed IP	20.8		(8.4		)	12.4		7
Distribution rights	31.0		(2.3		)	28.7		17
Other	1.3		(0.6		)	0.7		2
Total finite-lived intangible assets	$	575.1	$	(130.9	)	$	444.2

Indefinite-lived intangible assets:
Trade names	$	147.9	$	—		$	147.9
Total indefinite-lived intangible assets	$	147.9	$	—		$	147.9

Total intangible assets	$	723.0	$	(130.9	)	$	592.1

	December 31, 2016
	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Weighted-Average Useful Life (in Years)
Finite-lived intangible assets:
Trademarks and licenses	$	177.9	$	(47.9	)	$	130.0	13
Customer relationships	247.6		(30.1		)	217.5		14
Patents and internally-developed IP	20.3		(6.1		)	14.2		8
Distribution rights	31.0		(0.5		)	30.5		18
Other	1.3		(0.2		)	1.1		3
Total finite-lived intangible assets	$	478.1	$	(84.8	)	$	393.3

Indefinite-lived intangible assets:
Trade names	$	243.3	$	—		$	243.3
Total indefinite-lived intangible assets	$	243.3	$	—		$	243.3

Total intangible assets	$	721.4	$	(84.8	)	$	636.6

Estimated Future Amortization Expense



	Estimated Amortization Expense
2018	$	40.2
2019	37.3
2020	36.5
2021	35.3
2022	34.1
Thereafter	260.8
Total	$	444.2

LONG-TERM DEBT (Tables)

12 Months Ended

Dec. 31, 2017

Debt Disclosure [Abstract]

Components of Long-Term Debt

As of December 31, 2017 and 2016, the Company's debt balances consisted of the following:



	December 31,
	2017			2016
2016 Term Loan Facility: 2016 Term Loan due 2023, net of discounts and debt issuance costs (see (a) below)	$	1,735.9		$	1,747.8
2016 Revolving Credit Facility due 2021, net of debt issuance costs (see (b) below)	152.1			—
6.25% Senior Notes due 2024, net of debt issuance costs (see (c) below)	440.3			439.1
5.75% Senior Notes due 2021, net of debt issuance costs (see (d) below)	495.1			493.8
Spanish Government Loan due 2025	0.5			0.5
	2,823.9			2,681.2
Less current portion ^(*)	(170.2		)	(18.1		)
	$	2,653.7		$	2,663.1

Debt Redemption Prices



Period	Percentage
2017	102.875	%
2018	101.438	%
2019 and thereafter	100.000	%

On and after August 1, 2019, Products Corporation may redeem the 6.25% Senior Notes at its option, at any time as a whole, or from time to time in part, at the following redemption prices (expressed as percentages of principal amount), plus accrued interest to (but not including) the date of redemption, if redeemed during the 12-month period beginning on August 1 of the years indicated below:



Period	Optimal Redemption Premium Percentage
2019	104.688	%
2020	103.125	%
2021	101.563	%
2022 and thereafter	100.000	%

Long-Term Debt Maturities

The aggregate amounts of contractual long-term debt maturities at December 31, 2017 in the years 2018 through 2022 and thereafter are as follows:



Years Ended December 31,	Long-Term Debt Maturities
2018	$	175.1		^(a)
2019	18.1			^(b)
2020	18.1			^(b)
2021	518.1			^(c)
2022	18.1			^(b)
Thereafter	2,137.5
Total long-term debt	2,885.0
Discounts and deferred finance charges	(61.1		)
Total long-term debt, net of discounts and deferred finance charges	$	2,823.9


^(a)	Amount consists primarily of $157 million in aggregate principal amount of borrowings under the 2016 Revolving Credit Facility and the quarterly amortization payments required under the 2016 Term Loan Facility.


^(b)	Amount consists primarily of quarterly amortization payments described in (a) above.


^(c)	Amount is primarily comprised of the $500 million in aggregate principal amount outstanding as of December 31, 2017 under the 5.75% Senior Notes, which mature on February 15, 2021, and the quarterly amortization payment described in (a) above.

Schedule of Fair Values of Financial Assets and Liabilities

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.22)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
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-URI http://asc.fasb.org/extlink&oid=84159872&loc=d3e21475-112644

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
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-URI http://asc.fasb.org/extlink&oid=75038535&loc=d3e64711-112823

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(e),(f))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

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-Name Accounting Standards Codification
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-Name Accounting Standards Codification
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Reference 7: http://www.xbrl.org/2003/role/presentationRef
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Reference 8: http://www.xbrl.org/2003/role/presentationRef
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Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
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Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
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-URI http://asc.fasb.org/extlink&oid=84159872&loc=d3e21521-112644

+ Details

FAIR VALUE MEASUREMENTS (Tables)

12 Months Ended

Dec. 31, 2017

Fair Value Disclosures [Abstract]

As of December 31, 2017, the fair values of the Company’s financial assets and liabilities that were required to be measured at fair value are categorized in the table below:



	Total		Level 1		Level 2		Level 3
Assets:
Derivatives:
FX Contracts^(a)	$	0.6	$	—	$	0.6	$	—
Total assets at fair value	$	0.6	$	—	$	0.6	$	—
Liabilities:
Derivatives:
FX Contracts^(a)	$	1.9	$	—	$	1.9	$	—
2013 Interest Rate Swap^(b)	0.9		—		0.9		—
Total liabilities at fair value	$	2.8	$	—	$	2.8	$	—

As of December 31, 2016, the fair values of the Company’s financial assets and liabilities that were required to be measured at fair value are categorized in the table below:



	Total		Level 1		Level 2		Level 3
Assets:
Derivatives:
FX Contracts^(a)	$	2.3	$	—	$	2.3	$	—
Total assets at fair value	$	2.3	$	—	$	2.3	$	—
Liabilities:
Derivatives:
FX Contracts^(a)	$	1.1	$	—	$	1.1	$	—
2013 Interest Rate Swap^(b)	4.7		—		4.7		—
Total liabilities at fair value	$	5.8	$	—	$	5.8	$	—

Financial Liabilities Not Measured At Fair Value But For Which Fair Value Disclosure Is Required

As of December 31, 2017, the fair value and carrying value of the Company’s long-term debt, including the current portion of long-term debt, are categorized in the table below:



	Fair Value
	Level 1		Level 2		Level 3		Total		Carrying Value
Liabilities:
Long-term debt, including current portion	$	—	$	2,131.5	$	—	$	2,131.5	$	2,823.9

As of December 31, 2016, the fair value and carrying value of the Company’s long-term debt, including the current portion of long-term debt, are categorized in the table below:



	Fair Value
	Level 1		Level 2		Level 3		Total		Carrying Value
Liabilities:
Long-term debt, including current portion	$	—	$	2,770.9	$	—	$	2,770.9	$	2,681.2

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances.

+ References + Details

FINANCIAL INSTRUMENTS (Tables)

12 Months Ended

Dec. 31, 2017

Fair Value of Derivative Financial Instruments in Consolidated Balance Sheet

As of December 31, 2017 and 2016, the fair values of the Company's derivative financial instruments in its Consolidated Balance Sheets were as follows:



	Fair Values of Derivative Instruments
	Assets					Liabilities
	Balance Sheet	December 31, 2017		December 31, 2016		Balance Sheet	December 31, 2017		December 31, 2016
	Classification	Fair Value		Fair Value		Classification	Fair Value		Fair Value
Derivatives not designated as hedging instruments:
FX Contracts^(a)	Prepaid expenses and other	$	0.6	$	2.3	Accrued Expenses	$	1.9	$	1.1
2013 Interest Rate Swap^(b)	Prepaid expenses and other	—		—		Accrued expenses and other	0.9		3.7
	Other assets	—		—		Other long-term liabilities	—		1.0

Effects of Derivative Financial Instruments on Income and Other Comprehensive Income (Loss)

The effects of the Company's derivative financial instruments on its Consolidated Statements of Operations and Comprehensive (Loss) Income were as follows for the periods presented:



	Amount of Gain (Loss) Recognized in Other Comprehensive (Loss) Income
	Year Ended December 31,
	2017		2016		2015
Derivatives previously designated as hedging instruments:
2013 Interest Rate Swap, net of tax ^(a)	$	2.3	$	0.8	$	(1.6	)

^(a) Net of tax (benefit) expense of $(1.4) million, $0.5 million and $(1.0) million for 2017, 2016 and 2015, respectively.



Derivative Instruments	Statement of Operations Classification	Amount of Gain (Loss) Recognized in Net (Loss) Income
		Year Ended December 31,
		2017			2016			2015
Derivatives designated as hedging instruments:
2013 Interest Rate Swap	Interest Expense	$	(3.7	)	$	(4.3	)	$	(2.6	)
Derivatives not designated as hedging instruments:
FX Contracts	Foreign currency gain (loss), net	$	(4.1	)	$	2.1		$	3.8
2013 Interest Rate Swap	Miscellaneous, net	0.1			0.7			—

PENSION AND POST-RETIREMENT BENEFITS (Tables)

12 Months Ended

Dec. 31, 2017

Retirement Benefits [Abstract]

Reconciliation of Projected Benefit Obligations, Plan Assets, Funded Status and Amounts Recognized in the Consolidated Financial Statements



	Pension Plans						Other Post-Retirement Benefit Plans
	December 31,
	2017			2016			2017			2016
Change in Benefit Obligation:
Benefit obligation - beginning of year	$	(640.5	)	$	(649.4	)	$	(13.4	)	$	(13.0	)
Service cost	(3.0		)	(0.5		)	—			—
Interest cost	(19.6		)	(20.7		)	(0.4		)	(0.4		)
Actuarial (loss) gain	(22.3		)	(21.6		)	(1.1		)	(1.0		)
Curtailment gain	3.3			—			—			—
Other pension settlements	3.6			—			—			—
Benefits paid	43.2			42.8			0.9			1.0
Other ^(a)	(18.4		)	—			—			—
Plan participant contributions	(0.7		)	—			—			—
Foreign currency translation adjustments	(7.0		)	8.9			—			—
Benefit obligation - end of year	$	(661.4	)	$	(640.5	)	$	(14.0	)	$	(13.4	)
Change in Plan Assets:
Fair value of plan assets - beginning of year	$	464.0		$	473.9		$	—		$	—
Actual return on plan assets	53.5			35.8			—			—
Employer contributions	7.6			7.3			0.9			1.0
Other pension settlements	(3.6		)	—			—			—
Benefits paid	(43.2		)	(42.8		)	(0.9		)	(1.0		)
Other ^(a)	11.6
Plan participant contributions	0.7
Foreign currency translation adjustments	6.6			(10.2		)	—			—
Fair value of plan assets - end of year	$	497.2		$	464.0		$	—		$	—
Unfunded status of plans at December 31,	$	(164.2	)	$	(176.5	)	$	(14.0	)	$	(13.4	)


^(a)	Other includes the addition of a foreign non-qualified defined benefit plan assumed in connection with the Elizabeth Arden Acquisition.

Amounts Recognized in the Consolidated Balance Sheets



	Pension Plans						Other Post-Retirement Benefit Plans
	December 31,
	2017			2016			2017			2016
Other long-term assets	$	1.5		$	—		$	—		$	—

Accrued expenses and other	(6.2		)	(6.1		)	(0.7		)	(0.8		)
Pension and other post-retirement benefit liabilities	(159.5		)	(170.4		)	(13.3		)	(12.6		)
Total liability	$	(164.2	)	$	(176.5	)	$	(14.0	)	$	(13.4	)

Accumulated other comprehensive loss, gross	$	253.2		$	266.6		$	4.5		$	3.6
Income tax (benefit) expense	(43.3		)	(44.3		)	(0.9		)	(0.4		)
Portion allocated to Revlon Holdings	(0.9		)	(0.9		)	(0.2		)	(0.2		)
Accumulated other comprehensive loss, net	$	209.0		$	221.4		$	3.4		$	3.0

Projected Benefit Obligation, Accumulated Benefit Obligation, and Fair Value of Plan Assets

As of December 31, 2017 and 2016, the projected benefit obligation, accumulated benefit obligation and fair value of plan assets for the Company's pension plans are as follows:



	December 31,
	2017		2016
Projected benefit obligation	$	661.4	$	640.5
Accumulated benefit obligation	661.1		640.2
Fair value of plan assets	497.2		464.0

Components of Net Periodic Benefit (Income) Costs

The components of net periodic benefit costs (income) for the Company's pension and the other post-retirement benefit plans are as follows:



	Pension Plans									Other Post-Retirement Benefit Plans
	Year Ended December 31,
	2017			2016			2015			2017		2016			2015
Net periodic benefit costs (income):
Service cost	$	3.0		$	0.5		$	0.7		$	—	$	—		$	—
Interest cost	19.6			20.7			28.6			0.4		0.4			0.5
Expected return on plan assets	(28.6		)	(31.0		)	(40.3		)	—		—			—
Amortization of actuarial loss	9.5			8.8			8.4			0.3		0.2			0.1
Lump sum settlement charge	—			—			20.7			—		—			—
Curtailment gain^(a)	(2.6		)	—			—			—		—			—
Other pension settlements charge	—			—			0.3			—		—			—
Total net periodic benefit costs (income) prior to allocation	$	0.9		$	(1.0	)	$	18.4		$	0.7	$	0.6		$	0.6
Portion allocated to Revlon Holdings	(0.1		)	(0.1		)	(0.1		)	—		(0.1		)	(0.1		)
Total net periodic benefit costs (income)	$	0.8		$	(1.1	)	$	18.3		$	0.7	$	0.5		$	0.5


^(a)	As a result of the Elizabeth Arden Acquisition, the Company recognized $2.6 million in curtailment gains related to a foreign non-qualified defined benefit plan of Elizabeth Arden.

Classification of Net Periodic Benefit (Income) Costs

Net periodic benefit costs (income) are reflected in the Company's Consolidated Financial Statements as follows:



	Year Ended December 31,
	2017			2016
Net periodic benefit (income) costs:
Cost of sales	$	(1.0	)	$	(2.5	)
Selling, general and administrative expense	2.5			1.9
Total net periodic benefit costs (income)	$	1.5		$	(0.6	)

Summary of Unrecognized Components of Net Periodic Benefit Cost



	Pension Benefits			Post-Retirement Benefits			Total
Net actuarial loss	$	253.2		$	4.5		$	257.7
Accumulated Other Comprehensive Loss, Gross	253.2			4.5			257.7
Income tax benefit	(43.3		)	(0.9		)	(44.2		)
Portion allocated to Revlon Holdings	(0.9		)	(0.2		)	(1.1		)
Accumulated Other Comprehensive Loss, Net	$	209.0		$	3.4		$	212.4

Assumptions Used



	U.S. Plans				International Plans
	2017		2016		2017		2016
Discount rate	3.47	%	3.92	%	2.19	%	2.66	%
Rate of future compensation increases	3.50	%	3.50	%	1.75	%	2.20	%

The target ranges per asset class in effect for 2017 were as follows:



	Target Ranges
	U.S. Plans	International Plans
Asset Class:
Common and preferred stock	0% - 10%	—
Mutual funds	20% - 30%	—
Fixed income securities	10% - 20%	—
Common and collective funds	30% - 50%	100%
Hedge funds	5% - 15%	—
Cash and other investments	0% - 10%	—



	U.S. Plans						International Plans
	2017		2016		2015		2017		2016		2015
Discount rate	3.92	%	4.15	%	3.89	%	2.24	%	3.68	%	3.74	%
Expected long-term return on plan assets	6.50	%	7.00	%	7.50	%	4.81	%	6.00	%	6.00	%
Rate of future compensation increases	3.50	%	3.50	%	3.50	%	2.01	%	2.22	%	2.33	%

Fair Value of Plan Assets

The following table presents information on the fair value of the Company's U.S. and International pension plan assets at December 31, 2017 and 2016:



	U.S. Plans				International Plans
	2017		2016		2017		2016
Fair value of plan assets	$	413.6	$	400.5	$	83.6	$	63.5

Fair Values by Asset Categories

The fair values of the Company's U.S. and International pension plan assets at December 31, 2017 by asset category were as follows:



	Total		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Common and Preferred Stock:
U.S. small/mid cap equity	$	18.3	$	18.3	$	—	$	—
Mutual Funds^(a):
Corporate bonds	17.7		17.7		—		—
Government bonds	8.4		8.4		—		—
U.S. large cap equity	0.1		0.1		—		—
International equities	3.8		3.8		—		—
Emerging markets international equity	7.4		7.4		—		—
Other	4.5		4.5		—		—
Fixed Income Securities:
Corporate bonds	46.7		—		46.7		—
Government bonds	15.4		—		15.4		—
Common and Collective Funds^(a):
Corporate bonds	51.5		42.3		9.2		—
Government bonds	55.3		44.1		11.2		—
U.S. large cap equity	78.6		68.7		9.9		—
U.S. small/mid cap equity	16.1		16.1		—		—
International equities	77.9		42.8		35.1		—
Emerging markets international equity	18.9		12.8		6.1		—
Cash and cash equivalents	13.0		13.0		—		—
Other	6.6		1.8		4.8		—
Hedge Funds^(a):
Corporate bonds	10.3		—		10.3		—
Government bonds	0.7		—		0.7		—
U.S. large cap equity	1.2		—		1.2		—
Cash and cash equivalents	3.3		3.3		—		—
Other ^(b)	33.3		—		33.3		—
Group Annuity Contract	—		—		—		—
Cash and cash equivalents	8.2		8.2		—		—
Fair value of plan assets at December 31, 2017	$	497.2	$	313.3	$	183.9	$	—


^(a)	The investments in mutual funds, common and collective funds and hedge funds are disclosed above within the respective underlying investments’ class (i.e., various equities, corporate bonds, government bonds and other investment classes), while the fair value hierarchy levels of the investments are based on the Company’s direct ownership unit of account.


^(b)	Comprised of investments in equities, fixed income instruments, currencies, derivatives and/or commodities.

The fair values of the Company's U.S. and International pension plan assets at December 31, 2016 by asset category were as follows:



	Total			Quoted Prices in Active Markets for Identical Assets (Level 1)			Significant Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Common and Preferred Stock:
U.S. small/mid cap equity	$	15.5		$	15.5		$	—	$	—
Mutual Funds^(a):
Corporate bonds	14.3			14.3			—		—
Government bonds	11.9			11.9			—		—
U.S. large cap equity	0.1			0.1			—		—
International equities	3.9			3.9			—		—
Emerging markets international equity	6.3			6.3			—		—
Other	3.0			3.0			—		—
Fixed Income Securities:
Corporate bonds	41.0			—			41.0		—
Government bonds	13.9			—			13.9		—
Common and Collective Funds^(a):
Corporate bonds	56.0			54.3			1.7		—
Government bonds	68.4			57.0			11.4		—
U.S. large cap equity	68.8			67.5			1.3		—
U.S. small/mid cap equity	20.0			20.0			—		—
International equities	67.0			34.9			32.1		—
Emerging markets international equity	15.3			9.4			5.9		—
Cash and cash equivalents	4.8			4.8			—		—
Other	(7.2		)	(10.3		)	3.1		—
Hedge Funds^(a):
Corporate bonds	4.5			—			4.5		—
Government bonds	6.5			—			6.5		—
U.S. large cap equity	2.1			—			2.1		—
Cash and cash equivalents	2.4			—			2.4		—
Other^(b)	31.9			—			31.9		—
Group Annuity Contract	3.0			—			3.0		—
Cash and cash equivalents	10.6			10.6			—		—
Fair value of plan assets at December 31, 2016	$	464.0		$	303.2		$	160.8	$	—


^(a)	The investments in mutual funds, common and collective funds and hedge funds are disclosed above within the respective underlying investments’ class (i.e., various equities, corporate bonds, government bonds and other investment classes), while the fair value hierarchy levels of the investments are based on the Company’s direct ownership unit of account.


^(b)	Comprised of investments in equities, fixed income instruments, currencies, derivatives and/or commodities.

Expected Future Benefit Payments

The following benefit payments, which reflect expected future service, as appropriate, are expected to be paid out of the Company’s pension and other post-retirement benefit plans:



	Total Pension Benefits		Total Other Benefits
2018	$	46.9	$	1.2
2019	43.6		1.2
2020	45.3		1.2
2021	42.7		1.2
2022	43.0		1.2
Years 2023 to 2027	202.6		5.1

STOCK COMPENSATION PLAN (Tables)

12 Months Ended

Dec. 31, 2017

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Restricted Stock and Restricted Stock Unit Activity

A summary of the restricted stock and restricted stock unit activity for each of 2017, 2016 and 2015 is presented in the following table:



	Restricted Stock (000's)		Weighted Average Grant Date Fair Value Per Share
Outstanding at January 1, 2015	773.4		$	30.37
Granted	220.6		29.46
Vested^(a)	(171.7	)	29.09
Forfeited	(57.5	)	30.44
Outstanding at December 31, 2015	764.8		30.39
Granted	125.5		31.86
Vested^(a)	(221.7	)	29.51
Forfeited	(257.6	)	31.05
Outstanding at December 31, 2016^(b)	411.0		30.78
Granted	853.1		30.94
Vested^(a)	(216.0	)	32.63
Forfeited	(253.1	)	32.60
Outstanding at December 31, 2017	795.0		29.87


^(a)	Of the amounts vested during 2017, 2016 and 2015, 89,620, 92,092 and 82,740, respectively, were withheld by the Company to satisfy certain grantees’ minimum withholding tax requirements, which withheld shares became Revlon treasury stock and are not sold on the open market. (See discussion under "Treasury Stock" in Note 18, "Stockholders' Deficiency").

INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2017

Income Tax Disclosure [Abstract]

Income Before Income Taxes and Provision for Income Taxes

The Company's income before income taxes and the applicable provision for income taxes are as follows:



	Year Ended December 31,
	2017			2016			2015
(Loss) income from continuing operations before income taxes:
United States	$	(190.7	)	$	4.2		$	114.4
Foreign	27.2			4.3			(3.7		)
	$	(163.5	)	$	8.5		$	110.7
Provision for income taxes:
United States federal	$	7.0		$	7.6		$	37.7
State and local	9.0			2.3			16.9
Foreign	5.8			15.6			(3.2		)
	$	21.8		$	25.5		$	51.4
Current:
United States federal	$	(20.2	)	$	9.0		$	(2.7	)
State and local	1.9			2.5			4.1
Foreign	17.5			20.2			21.7
	(0.8		)	31.7			23.1
Deferred:
United States federal	$	27.2		$	(1.4	)	$	40.4
State and local	7.1			(0.2		)	12.8
Foreign	(11.7		)	(4.6		)	(24.9		)
	$	22.6		$	(6.2	)	$	28.3
Total provision for income taxes	$	21.8		$	25.5		$	51.4

Reconciliation of Statutory Federal Income Tax Rate

The actual tax on income before income taxes is reconciled to the applicable statutory federal income tax rate in the following table:



	Year Ended December 31,
	2017			2016		2015
Computed income tax (benefit) expense	$	(57.2	)	$	3.0	$	38.8
State and local taxes, net of U.S. federal income tax benefit	6.1			1.8		11.1
Foreign and U.S. tax effects attributable to operations outside the U.S.	(6.5		)	3.1		13.6
Net establishment (release) of valuation allowance	(1.2		)	2.0		(15.5		)
Foreign dividends and earnings taxable in the U.S.	1.8			1.7		3.2
Impairment for which there is no tax benefit	0.4			8.9		—
Tax effect of basis reclassification	23.7			—		—
Impact of the Tax Act ^(a)	47.9			—		—
Other	6.8			5.0		0.2
Total provision for income taxes	$	21.8		$	25.5	$	51.4

^(a)Refer to the discussion that follows.

Deferred Tax Assets and Liabilities



	December 31,
	2017			2016
Deferred tax assets:
Inventories	$	21.2		$	30.9
Net operating loss carryforwards - U.S.	161.0			140.4
Net operating loss carryforwards - foreign	47.0			50.5
Employee benefits	54.5			91.7
Sales-related reserves	19.1			23.9
Foreign currency translation adjustment	10.3			9.9
Other	67.6			89.4
Total gross deferred tax assets	380.7			436.7
Less valuation allowance	(90.7		)	(81.4		)
Total deferred tax assets, net of valuation allowance	290.0			355.3
Deferred tax liabilities:
Plant, equipment and other assets	(21.7		)	(26.0		)
Intangibles	(95.0		)	(132.4		)
Other	(36.0		)	(57.6		)
Total gross deferred tax liabilities	(152.7		)	(216.0		)
Net deferred tax assets	$	137.3		$	139.3

Reconciliation of Unrecognized Tax Benefits

A reconciliation of the beginning and ending amounts of the unrecognized tax benefits is provided in the following table:



	Tax			Interest and Penalties			Total
Balance at January 1, 2016	$	54.7		$	10.3		$	65.0
Increase based on tax positions taken in a prior year	24.4			1.5			25.9
Decrease based on tax positions taken in a prior year	(1.2		)	(0.1		)	(1.3		)
Increase based on tax positions taken in the current year	9.1			0.2			9.3
Decrease resulting from the lapse of statutes of limitations	(4.3		)	(1.3		)	(5.6		)
Balance at December 31, 2016	82.7			10.6			93.3
Increase based on tax positions taken in a prior year	9.1			1.5			10.6
Decrease based on tax positions taken in a prior year ^(a)	(19.6		)	(1.5		)	(21.1		)
Increase based on tax positions taken in the current year	11.0			0.2			11.2
Decrease resulting from the lapse of statutes of limitations	(7.3		)	(1.8		)	(9.1		)
Balance at December 31, 2017	$	75.9		$	9.0		$	84.9


^(a)	Includes a provisional amount for the expected impact of the Tax Act on the Company’s unrecognized tax benefits.

ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables)

12 Months Ended

Dec. 31, 2017

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Components of Accumulated Other Comprehensive Loss

A roll-forward of the Company's accumulated other comprehensive loss is as follows:



	Foreign Currency Translation			Actuarial (Loss) Gain on Post-retirement Benefits			Deferred Gain (Loss) - Hedging			Other			Accumulated Other Comprehensive Loss
Balance at January 1, 2015	$	(5.4	)	$	(235.6	)	$	(2.2	)	$	(0.3	)	$	(243.2	)
Currency translation adjustment, net of tax of $5.1 million	(18.1		)	—			—			—			(18.1		)
Amortization of pension related costs, net of tax of $(1.3) million^(a)	—			7.2			—			—			7.2
Pension re-measurement, net of tax of $3.3 million	—			(6.9		)	—			—			(6.9		)
Settlement of certain pension liabilities, net of tax of $(3.7) million^(b)	—			17.3			—			—			17.3
Revaluation of derivative financial instrument, net of amounts reclassified into earnings and tax of $1.0 million^(c)	—			—			(1.6		)	—			(1.6		)
Other comprehensive (loss) income	$	(18.1	)	$	17.6		$	(1.6	)	$	—		$	(2.1	)
Balance at December 31, 2015	$	(23.5	)	$	(217.7	)	$	(3.8	)	$	(0.3	)	$	(245.3	)
Currency translation adjustment, net of tax of $(1.1) million	(0.5		)	—			—			—			(0.5		)
Amortization of pension related costs, net of tax of $(1.3) million^(a)	—			7.6			—			—			7.6
Pension re-measurement, net of tax of $4.1 million	—			(14.3		)	—			—			(14.3		)
Revaluation of derivative financial instrument, net of amounts reclassified into earnings and tax of $(0.5) million^(b)	—			—			0.8			—			0.8
Other comprehensive (loss) income	$	(0.5	)	$	(6.7	)	$	0.8		$	—		$	(6.4	)
Balance at December 31, 2016	$	(24.0	)	$	(224.4	)	$	(3.0	)	$	(0.3	)	$	(251.7	)
Currency translation adjustment, net of tax of $0.4 million	9.0			—			—			—			9.0
Amortization of pension related costs, net of tax of $(1.6) million^(a)	—			8.1			—			—			8.1
Pension re-measurement, net of tax of $0.3 million	—			1.8			—			—			1.8
Amortization of deferred losses related to the de-designated 2013 Interest Rate Swap, net of tax of $1.4 million^(c)	—			—			2.3			—			2.3
Curtailment gain, net of tax of $(0.3) million^(d)	—			2.1			—			—			2.1
Other comprehensive income	$	9.0		$	12.0		$	2.3		$	—		$	23.3
Balance at December 31, 2017	$	(15.0	)	$	(212.4	)	$	(0.7	)	$	(0.3	)	$	(228.4	)


^(a)	Amounts represent the change in accumulated other comprehensive loss as a result of the amortization of actuarial losses (gains) arising during each year related to the Company’s pension and other post-retirement plans. See Note 14, "Pension and Post-retirement Benefits," for further discussion of the Company’s pension and other post-retirement plans.


^(b)	Represents the after-tax effective portion of the changes in fair value of the Company’s 2013 Interest Rate Swap, net of amounts reclassified into earnings during 2016 and 2015. See Note 13, "Financial Instruments," for further discussion of the 2013 Interest Rate Swap.


^(c)	See Note 10, "Financial Instruments," for further discussion of the 2013 Interest Rate Swap.


^(d)	As a result of the Elizabeth Arden Acquisition, the Company recognized $2.1 million in curtailment gains related to a foreign non-qualified defined benefit plan of Elizabeth Arden.

Reclassification out of Accumulated Other Comprehensive Loss

Following is a roll-forward of the amounts reclassified out of accumulated other comprehensive loss into earnings during 2017 and 2016:



	2013 Interest Rate Swap
Beginning accumulated losses at December 31, 2015	$	(3.8	)
Reclassifications into earnings (net of $1.6 million tax expense)^(a)	2.7
Change in fair value (net of $1.1 million tax benefit)	(1.9		)
Ending accumulated losses at December 31, 2016	$	(3.0	)
Reclassifications into earnings (net of $1.4 million tax benefit)^(a)	2.3
Ending accumulated losses at December 31, 2017	$	(0.7	)


^(a)	Reclassified to interest expense.

STOCKHOLDERS' DEFICIENCY (Tables)

12 Months Ended

Dec. 31, 2017

Equity [Abstract]

Schedule of Common and Treasury Stock Issued and/or Outstanding

Information about the Company's common and treasury stock issued and/or outstanding is presented in the following table:



	Class A Common Stock		Treasury Stock
Balance, January 1, 2015	53,925,029		777,181
Restricted stock grants	220,635		—
Restricted stock forfeitures	(57,490	)	—
Withholding of restricted stock to satisfy taxes	—		82,740
Balance, December 31, 2015	54,088,174		859,921
Restricted stock grants	125,540		—
Restricted stock forfeitures	(257,641	)	—
Withholding of restricted stock to satisfy taxes	—		92,092
Treasury stock repurchased	—		72,895
Balance, December 31, 2016	53,956,073		1,024,908
Restricted stock grants	853,111		—
Restricted stock forfeitures	(253,084	)	—
Withholding of restricted stock to satisfy taxes	—		89,620
Balance, December 31, 2017	54,556,100		1,114,528

Schedule of Segment Reporting Information, by Segment

Tabular disclosure of an entity's stock, including par or stated value per share, number and dollar amount of share subscriptions, shares authorized, shares issued, shares outstanding, number and dollar amount of shares held in an employee trust, dividend per share, total dividends, share conversion features, par value plus additional paid in capital, the value of treasury stock and other information necessary to a fair presentation, and EPS information. Stock by class includes common, convertible, and preferred stocks which are not redeemable or redeemable solely at the option of the issuer. Includes preferred stock with redemption features that are solely within the control of the issuer and mandatorily redeemable stock if redemption is required to occur only upon liquidation or termination of the reporting entity. If more than one issue is outstanding, state the title of each issue and the corresponding dollar amount; dollar amount of any shares subscribed but unissued and the deduction of subscriptions receivable there from; number of shares authorized, issued, and outstanding.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=84159872&loc=d3e21506-112644

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 480
-SubTopic 10
-Section S99
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=65877616&loc=d3e177068-122764

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(d))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(29))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187085-122770

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
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-Name Accounting Standards Codification
-Topic 210
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+ Details

SEGMENT DATA AND RELATED INFORMATION (Tables)

12 Months Ended

Dec. 31, 2017

Segment Reporting [Abstract]

The following table is a comparative summary of the Company’s net sales and segment profit by reportable segment for 2017, 2016 and 2015:



	Year Ended December 31,
	2017			2016			2015
Segment Net Sales:
Consumer	$	1,288.5		$	1,389.8		$	1,414.8
Elizabeth Arden	952.5			441.4			—
Professional	432.2			476.5			471.1
Other	20.5			26.3			28.4
Total	$	2,693.7		$	2,334.0		$	1,914.3

Segment Profit:
Consumer	$	239.6		$	349.2		$	360.2
Elizabeth Arden	114.2			68.2			—
Professional	54.9			99.4			103.9
Other	(3.7		)	(2.7		)	1.4
Total	$	405.0		$	514.1		$	465.5

Reconciliation:
Segment Profit	$	405.0		$	514.1		$	465.5
Less:
Unallocated corporate expenses	146.2			98.8			88.0
Depreciation and amortization	155.8			123.2			103.2
Non-cash stock compensation expense	6.8			6.4			5.1
Non-Operating items:
Restructuring and related charges	34.5			36.8			11.6
Acquisition and integration costs	52.9			43.2			8.0
Elizabeth Arden 2016 Business Transformation Program	1.1			2.6			—
Elizabeth Arden inventory purchase accounting adjustment, cost of sales	17.2			20.7			—
Inventory purchase accounting adjustment, cost of sales	—			0.2			0.9
Pension lump-sum settlement	—			—			20.7
Impairment charge	10.8			23.4			9.7
Deferred compensation	2.0			3.5			2.5
Operating (loss) income	(22.3		)	155.3			215.8
Less:
Interest Expense	149.8			105.2			83.3
Amortization of debt issuance costs	9.1			6.8			5.7
Loss on early extinguishment of debt	—			16.9			—
Foreign currency (gains) losses, net	(18.5		)	18.5			15.7
Miscellaneous, net	0.8			(0.6		)	0.4
(Loss) income from continuing operations before income taxes	$	(163.5	)	$	8.5		$	110.7

Schedule of Net Sales and Long-Lived Assets by Geographic Area



	Year Ended December 31,
	2017			2016			2015
Geographic area:
Net sales:
United States	$	1,315.1	49%	$	1,290.2	55%	$	1,058.7	55%
International	1,378.6		51%	1,043.8		45%	855.6		45%
	$	2,693.7		$	2,334.0		$	1,914.3



	December 31, 2017			December 31, 2016
Long-lived assets, net:
United States	$	1,480.1	83%	$	1,494.3	85%
International	295.6		17%	255.4		15%
	$	1,775.7		$	1,749.7

Schedule of Net Sales by Classes of Similar Products



	Year Ended December 31,
	2017			2016			2015
Classes of similar products:
Net sales:
Color cosmetics	$	955.3	35%	$	998.3	43%	$	1,022.4	53%
Fragrance	731.3		27%	408.4		17%	80.8		4%
Hair care	517.3		19%	544.3		23%	522.1		27%
Beauty care	262.4		10%	294.4		13%	277.5		15%
Skin care	227.4		8%	88.6		4%	11.5		1%
	$	2,693.7		$	2,334.0		$	1,914.3

BASIC AND DILUTED EARNINGS PER COMMON SHARE (Tables)

12 Months Ended

Dec. 31, 2017

Earnings Per Share, Basic and Diluted [Abstract]

Components of Basic and Diluted Earnings Per Share

Following are the components of basic and diluted (loss) earnings per common share for 2017, 2016 and 2015:



	Year Ended December 31,
	2017			2016			2015
Numerator:
(Loss) income from continuing operations, net of taxes	$	(185.3	)	$	(17.0	)	$	59.3
Income (loss) from discontinued operations, net of taxes	2.1			(4.9		)	(3.2		)
Net (loss) income	$	(183.2	)	$	(21.9	)	$	56.1
Denominator:
Weighted-average common shares outstanding – Basic	52,597,582			52,504,196			52,431,193
Effect of dilutive restricted stock	—			—			160,352
Weighted-average common shares outstanding – Diluted	52,597,582			52,504,196			52,591,545
Basic (loss) earnings per common share:
Continuing operations	$	(3.52	)	$	(0.33	)	$	1.13
Discontinued operations	0.04			(0.09		)	(0.06		)
Net (loss) income per common share	$	(3.48	)	$	(0.42	)	$	1.07
Diluted (loss) earnings per common share:
Continuing operations	$	(3.52	)	$	(0.33	)	$	1.13
Discontinued operations	0.04			(0.09		)	(0.06		)
Net (loss) income per common share	$	(3.48	)	$	(0.42	)	$	1.07

Unvested restricted stock awards under the Stock Plan ^(a)	20,804			109,481			—

^(a)These are outstanding common stock equivalents that were not included in the computation of diluted earnings per common share because their inclusion would have had an anti-dilutive effect.

CONTINGENCIES (Tables)

12 Months Ended

Dec. 31, 2017

Commitments and Contingencies Disclosure [Abstract]

Minimum rental commitments, capital leases

Minimum rental commitments under all non-cancelable leases, including those pertaining to idled facilities, are presented in the following table:



Minimum Rental Commitments	Total		2018		2019		2020		2021		2022		Thereafter
Capital leases	$	2.9	$	1.4	$	0.9	$	0.4	$	0.1	$	0.1	$	—
Operating leases	245.4		48.0		39.3		31.3		27.1		21.1		78.6

Minimum rental commitments, operating leases

Minimum rental commitments under all non-cancelable leases, including those pertaining to idled facilities, are presented in the following table:



Minimum Rental Commitments	Total		2018		2019		2020		2021		2022		Thereafter
Capital leases	$	2.9	$	1.4	$	0.9	$	0.4	$	0.1	$	0.1	$	—
Operating leases	245.4		48.0		39.3		31.3		27.1		21.1		78.6

QUARTERLY RESULTS OF OPERATIONS (Tables)

12 Months Ended

Dec. 31, 2017

Quarterly Financial Information Disclosure [Abstract]

Summary of Unaudited Quarterly Results of Operations

The following is a summary of the Company’s unaudited quarterly results of operations for 2017 and 2016:



	Year Ended December 31, 2017
	1st Quarter			2nd Quarter			3rd Quarter			4th Quarter
Net sales	$	594.9		$	645.7		$	666.5		$	786.6
Gross profit	329.8			377.5			376.2			458.9
Loss from continuing operations, net of taxes^(a)	(37.7		)	(37.1		)	(32.8		)	(77.7		)
Income from discontinued operations, net of taxes^(c)	0.3			0.6			0.4			0.8
Net loss^(a)(c)	(37.4		)	(36.5		)	(32.4		)	(76.9		)

^*Basic (loss) income per common share^(a)(c):
Continuing operations	$	(0.72	)	$	(0.70	)	$	(0.62	)	$	(1.48	)
Discontinued operations	0.01			—			0.01			0.02
Net (loss) income per common share	$	(0.71	)	$	(0.70	)	$	(0.61	)	$	(1.46	)

^*Diluted (loss) income per common share^(a)(c):
Continuing operations	$	(0.72	)	$	(0.70	)	$	(0.62	)	$	(1.48	)
Discontinued operations	0.01			—			0.01			0.02
Net (loss) income per common share	$	(0.71	)	$	(0.70	)	$	(0.61	)	$	(1.46	)



	Year Ended December 31, 2016
	1st Quarter		2nd Quarter			3rd Quarter			4th Quarter
Net sales	$	439.6	$	488.9		$	604.8		$	800.7
Gross profit	285.7		317.4			361.4			452.4
(Loss) Income from continuing operations, net of taxes^(b)	10.6		10.8			(4.5		)	(33.9		)
(Loss) from discontinued operations, net of taxes^(c)	0.4		(2.5		)	(0.2		)	(2.6		)
Net (loss) income^(b)(c)	11.0		8.3			(4.7		)	(36.5		)

*Basic (loss) income per common share^(b)(c):
Continuing operations	$	0.20	$	0.21		$	(0.09	)	$	(0.65	)
Discontinued operations	0.01		(0.05		)	—			(0.05		)
Net (loss) income per common share	$	0.21	$	0.16		$	(0.09	)	$	(0.70	)

*Diluted (loss) income per common share^(b)(c):
Continuing operations	$	0.20	$	0.21		$	(0.09	)	$	(0.65	)
Discontinued operations	0.01		(0.05		)	—			(0.05		)
Net (loss) income per common share	$	0.21	$	0.16		$	(0.09	)	$	(0.70	)


^(*)	The sum of the quarterly earnings per share amounts may not equal the full year amount reported since per share amounts are computed independently for each quarter and for the full year based upon the respective weighted average common shares outstanding and other dilutive potential common shares for each respective period.

^(a)

(b)


^(c)	Income (loss) from discontinued operations includes the results of the Company's former China operations within the Consumer segment (See Note 4, "Discontinued Operations").

DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Additional Information (Detail)

1 Months Ended

3 Months Ended

12 Months Ended

Jan. 31, 2018

USD ($)

Dec. 31, 2017

USD ($)

Dec. 31, 2016

USD ($)

Dec. 31, 2015

USD ($)

Dec. 31, 2017

USD ($)

segment

Dec. 31, 2016

USD ($)

reporting_unit

Dec. 31, 2015

USD ($)

Sep. 07, 2016

USD ($)

Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]

Number of reporting segments | segment

Public holding company expenses

$ 6,600,000

$ 9,400,000

$ 9,000,000

Cash equivalents

$ 2,000,000

$ 2,500,000

2,000,000

2,500,000

Outstanding checks

19,300,000

Property, plant and equipment, net

372,700,000

320,500,000

^[1]

372,700,000

320,500,000

^[1]

Net deferred financing costs

155,800,000

123,200,000

^[2]

103,200,000

^[2]

5,000,000

6,000,000

5,000,000

6,000,000

Impairment of long-lived assets

10,800,000

16,700,000

Number of reporting units | reporting_unit

692,500,000

689,500,000

^[1]

$ 469,700,000

692,500,000

$ 689,500,000

^[1]

469,700,000

Impairment of intangible assets

6,700,000

Advertising expenses

550,000,000

$ 421,100,000

368,700,000

Distribution costs

131,100,000

98,400,000

80,200,000

Research and development expenditures

35,700,000

37,000,000

31,200,000

Tax withholdings related to net share settlements of restricted stock units and awards

2,500,000

3,200,000

^[2]

2,800,000

^[2]

Interest rate swap

Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]

Accumulated deferred losses, gross

1,200,000

$ 6,300,000

Cumulative changes in net gain (loss) from cash flow hedges, net of tax

700,000

$ 700,000

Land improvements [Member] | Minimum

Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]

Land improvements [Member] | Maximum

20 years

Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]

Buildings and improvements [Member] | Minimum

30 years

Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]

Buildings and improvements [Member] | Maximum

5 years

Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]

Machinery and equipment [Member] | Minimum

50 years

Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]

Machinery and equipment [Member] | Maximum

3 years

Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]

Counters and trade fixtures [Member] | Minimum

15 years

Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]

Counters and trade fixtures [Member] | Maximum

3 years

Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]

Office furniture and fixtures [Member] | Minimum

5 years

Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]

Office furniture and fixtures [Member] | Maximum

3 years

Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]

Capitalized software [Member] | Minimum

15 years

Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]

Capitalized software [Member] | Maximum

2 years

Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]

Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]

10 years

Wall displays [Member]

Property, plant and equipment, net

84,800,000

64,100,000

$ 84,800,000

64,100,000

Wall displays [Member] | Minimum

$ 55,400,000

$ 47,800,000

$ 41,300,000

Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]

Wall displays [Member] | Maximum

1 year

Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]

Trade receivables [Member] | Customer Concentration Risk | Three largest customers [Member]

3 years

Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]

Concentration risk percentage

31.00%

27.00%

Other Reporting Unit [Member]

Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]

Weighted average cost of capital

12.00%

Perpetual growth rate

2.00%

10,800,000

$ 16,700,000

Global Color Brands reporting unit [Member]

14,800,000

$ 14,800,000

Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]

Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]

$ 9,700,000

Forecast [Member]

Pension and other postretirement benefits cost

$ 9,000,000

2016 Revolving Credit Facility

Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]

Outstanding checks

$ 21,800,000

[1]	Adjusted as a result of the adoption of certain accounting pronouncements as of December 31, 2017. See Note 1, "Description of Business and Summaryof Significant Accounting Policies - Recently Adopted Accounting Pronouncements," for details of these adjustments.
[2]	Adjusted as a result of the adoption of certain accounting pronouncements beginning on January 1, 2017. See Note 1, "Description of Business and Summaryof Significant Accounting Policies - Recently Adopted Accounting Pronouncements," for details of these adjustments.

DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Cash, Cash Equivalents and Restricted Cash (Details) - USD ($)
$ in Millions

Dec. 31, 2017

Dec. 31, 2016

Dec. 31, 2015

Dec. 31, 2014

^[2]

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Cash and cash equivalents

$ 87.1

$ 186.4

^[1]

$ 326.9

Restricted cash

0.3

0.4

0.0

Total cash, cash equivalents and restricted cash

$ 87.4

$ 186.8

^[2]

$ 326.9

^[2]

$ 275.3

[1]	Adjusted as a result of the adoption of certain accounting pronouncements as of December 31, 2017. See Note 1, "Description of Business and Summaryof Significant Accounting Policies - Recently Adopted Accounting Pronouncements," for details of these adjustments.
[2]	Adjusted as a result of the adoption of certain accounting pronouncements beginning on January 1, 2017. See Note 1, "Description of Business and Summaryof Significant Accounting Policies - Recently Adopted Accounting Pronouncements," for details of these adjustments.

BUSINESS COMBINATIONS - Elizabeth Arden Acquisition (Details) - USD ($)		3 Months Ended	12 Months Ended
	Sep. 07, 2016	Dec. 31, 2017	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	Aug. 04, 2016	Nov. 30, 2013
Business Acquisition [Line Items]
Acquisition and integration costs		$ 12,700,000	$ 52,900,000	$ 43,200,000	$ 8,000,000
Elizabeth Arden
Business Acquisition [Line Items]
Cash consideration	$ 1,034,300,000
Acquisition and integration costs			50,000,000
Integration costs			49,200,000
Acquisition costs			$ 800,000
Revlon Consumer Products Corporation \| Elizabeth Arden
Business Acquisition [Line Items]
Acquisition, consideration transferred, cash on hand	$ 126,700,000
2016 Term Loan \| Revlon Consumer Products Corporation
Business Acquisition [Line Items]
Debt term	7 years		7 years
Maximum borrowing capacity	$ 1,800,000,000.0
2016 Revolving Credit Facility \| Revlon Consumer Products Corporation
Business Acquisition [Line Items]
Debt term	5 years		5 years
Proceeds from lines of credit	$ 35,000,000
6.25% Senior Notes
Business Acquisition [Line Items]
Stated interest rate		6.25%	6.25%
6.25% Senior Notes \| Revlon Consumer Products Corporation
Business Acquisition [Line Items]
Aggregate principal amount						$ 450,000,000
Stated interest rate						6.25%
Interest rate swap
Business Acquisition [Line Items]
Derivative, notional amount		$ 400,000,000	$ 400,000,000				$ 400,000,000
Revolving Credit Facility \| 2016 Revolving Credit Facility \| Revlon Consumer Products Corporation
Business Acquisition [Line Items]
Maximum borrowing capacity	400,000,000.0
Revolving Credit Facility \| Interest rate swap \| 2016 Revolving Credit Facility \| Revlon Consumer Products Corporation
Business Acquisition [Line Items]
Derivative, notional amount	$ 400,000,000

BUSINESS COMBINATIONS - Purchase Price (Details)	Sep. 07, 2016 USD ($) $ / shares shares
Business Combination, Consideration Transferred [Abstract]
Repayment of principal amount of borrowings outstanding of acquiree	$ 142,000,000
Elizabeth Arden
Business Combination, Consideration Transferred [Abstract]
Purchase price of common stock	431,500,000
Repurchase of preferred stock	55,000,000
Payment of dividends payable at Elizabeth Arden Acquisition Date	2,900,000
Total Purchase Price	$ 1,034,300,000
Share price (usd per share) \| $ / shares	$ 14.00
Settlement of outstanding stock options and restricted share units	$ 11,100,000
Repurchase and retirement of preferred stock (in shares) \| shares	50,000
Par value of preferred stock repurchased and retired (usd per share) \| $ / shares	$ 0.01
Repurchase and retirement of preferred stock, change in control premium	$ 5,000,000
Elizabeth Arden senior notes \| Elizabeth Arden
Business Combination, Consideration Transferred [Abstract]
Repayment of debt	350,000,000
Payment of accrued interest and call premium on Elizabeth Arden Existing Senior Notes	$ 27,400,000
Stated interest rate	7.375%
Repayment of accrued interest on debt	$ 12,300,000
Number of days of interest accrued on debt	176 days
Redemption price of debt	103.69%
Elizabeth Arden revolving credit facility \| Elizabeth Arden
Business Combination, Consideration Transferred [Abstract]
Repayment of debt	$ 142,500,000
Repayment of principal amount of borrowings outstanding of acquiree	142,000,000
Maximum borrowing capacity	300,000,000.0
Elizabeth Arden Second lien credit facility \| Elizabeth Arden
Business Combination, Consideration Transferred [Abstract]
Repayment of debt	$ 25,000,000

BUSINESS COMBINATIONS - Schedule of Net Assets Acquired (Details) - USD ($)
$ in Millions

3 Months Ended

4 Months Ended

12 Months Ended

Sep. 07, 2016

Dec. 31, 2017

Sep. 30, 2017

Jun. 30, 2017

Mar. 31, 2017

Dec. 31, 2016

Sep. 30, 2016

Jun. 30, 2016

Mar. 31, 2016

Dec. 31, 2016

Dec. 31, 2017

Dec. 31, 2016

Dec. 31, 2015

Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net [Abstract]

$ 692.5

$ 689.5

^[1]

$ 689.5

^[1]

$ 692.5

$ 689.5

^[1]

$ 469.7

12.3

239.1

43.2

27.5

22.4

Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net [Abstract]

(76.9)

$ (32.4)

$ (36.5)

$ (37.4)

$ (36.5)

$ (4.7)

$ 8.3

$ 11.0

(183.2)

(21.9)

^[2]

$ 56.1

^[2]

Elizabeth Arden

Cash

$ 41.1

Accounts Receivable

132.6

Prepaid expenses and other current assets

323.3

30.7

Property and equipment

91.2

Deferred taxes, net

78.7

Intangible assets

321.4

$ 321.4

234.0

Other assets

16.6

Total assets acquired

1,269.6

Accounts payable

(116.0)

Accrued expenses

(107.6)

Total liabilities acquired

(11.7)

(235.3)

1,034.3

Elizabeth Arden | Depreciation and amortization expense adjustment, intangible assets [Member]

(1.8)

Cash consideration

1,034.3

Elizabeth Arden | Previously reported

$ 5.6

Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net [Abstract]

Cash

41.1

Accounts Receivable

132.6

Prepaid expenses and other current assets

323.3

30.7

Property and equipment

91.2

68.7

336.8

221.7

16.6

Total assets acquired

1,262.7

Accounts payable

(116.0)

Accrued expenses

(109.3)

Total liabilities acquired

(3.1)

(228.4)

Elizabeth Arden | Scenario, Adjustment

$ 1,034.3

Deferred taxes, net

10.0

Intangible assets

(15.4)

12.3

Total assets acquired

6.9

Accrued expenses

(1.7)

Total liabilities assumed

8.6

6.9

Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]

$ 0.0

[1]	Adjusted as a result of the adoption of certain accounting pronouncements as of December 31, 2017. See Note 1, "Description of Business and Summaryof Significant Accounting Policies - Recently Adopted Accounting Pronouncements," for details of these adjustments.
[2]	Adjusted as a result of the adoption of certain accounting pronouncements beginning on January 1, 2017. See Note 1, "Description of Business and Summaryof Significant Accounting Policies - Recently Adopted Accounting Pronouncements," for details of these adjustments.

BUSINESS COMBINATIONS - Acquired Intangible Assets (Details) - USD ($) $ in Millions		4 Months Ended	12 Months Ended
	Sep. 07, 2016	Dec. 31, 2016	Dec. 31, 2017	Dec. 31, 2016
Acquired Finite-Lived Intangible Assets [Line Items]
Deferred tax liability, intangible assets		$ 132.4	$ 95.0	$ 132.4
Trademarks and licenses
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-lived acquired intangible assets, remaining useful life			13 years	13 years
Customer relationships
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-lived acquired intangible assets, remaining useful life			13 years	14 years
Distribution rights
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-lived acquired intangible assets, remaining useful life			17 years	18 years
Elizabeth Arden
Acquired Finite-Lived Intangible Assets [Line Items]
Total acquired intangible assets	$ 321.4		$ 321.4
Deferred tax liability, intangible assets			54.8
Total acquired intangible assets, tax basis			$ 148.6
Elizabeth Arden \| Trademarks and licenses
Acquired Finite-Lived Intangible Assets [Line Items]
Indefinite-lived acquired intangible assets	39.0
Elizabeth Arden \| Trademarks and licenses
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-lived acquired intangible assets	102.6
Elizabeth Arden \| Technology
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-lived acquired intangible assets	$ 2.5
Finite-lived acquired intangible assets, remaining useful life	10 years
Elizabeth Arden \| Customer relationships
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-lived acquired intangible assets	$ 123.0
Finite-lived acquired intangible assets, remaining useful life	16 years
Elizabeth Arden \| Licensing agreements
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-lived acquired intangible assets	$ 22.0
Finite-lived acquired intangible assets, remaining useful life	19 years
Elizabeth Arden \| Distribution rights
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-lived acquired intangible assets	$ 31.0
Finite-lived acquired intangible assets, remaining useful life	18 years
Elizabeth Arden \| Favorable lease commitments
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-lived acquired intangible assets	$ 1.3
Finite-lived acquired intangible assets, remaining useful life	3 years
Previously reported \| Elizabeth Arden
Acquired Finite-Lived Intangible Assets [Line Items]
Total acquired intangible assets	$ 336.8
Previously reported \| Elizabeth Arden \| Trademarks and licenses
Acquired Finite-Lived Intangible Assets [Line Items]
Indefinite-lived acquired intangible assets	142.0
Previously reported \| Elizabeth Arden \| Trademarks and licenses
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-lived acquired intangible assets	$ 15.0
Finite-lived acquired intangible assets, remaining useful life	15 years
Previously reported \| Elizabeth Arden \| Technology
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-lived acquired intangible assets	$ 2.5
Finite-lived acquired intangible assets, remaining useful life	10 years
Previously reported \| Elizabeth Arden \| Customer relationships
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-lived acquired intangible assets	$ 123.0
Finite-lived acquired intangible assets, remaining useful life	16 years
Previously reported \| Elizabeth Arden \| Licensing agreements
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-lived acquired intangible assets	$ 22.0
Finite-lived acquired intangible assets, remaining useful life	19 years
Previously reported \| Elizabeth Arden \| Distribution rights
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-lived acquired intangible assets	$ 31.0
Finite-lived acquired intangible assets, remaining useful life	18 years
Previously reported \| Elizabeth Arden \| Favorable lease commitments
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-lived acquired intangible assets	$ 1.3
Finite-lived acquired intangible assets, remaining useful life	3 years
Scenario, Adjustment \| Elizabeth Arden
Acquired Finite-Lived Intangible Assets [Line Items]
Intangible assets		(15.4)
Scenario, Adjustment \| Elizabeth Arden \| Trademarks and licenses
Acquired Finite-Lived Intangible Assets [Line Items]
Adjustment, indefinite-lived intangibles		(103.0)
Scenario, Adjustment \| Elizabeth Arden \| Trademarks and licenses
Acquired Finite-Lived Intangible Assets [Line Items]
Adjustment, finite-lived intangibles		$ 87.6
Minimum \| Elizabeth Arden \| Trademarks and licenses
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-lived acquired intangible assets, remaining useful life	5 years
Maximum \| Elizabeth Arden \| Trademarks and licenses
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-lived acquired intangible assets, remaining useful life	20 years

BUSINESS COMBINATIONS - Pro Forma Results (Details) - Elizabeth Arden - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Business Acquisition [Line Items]
Net sales	$ 2,858.9	$ 2,863.5
Income (loss) from continuing operations, before income taxes	$ (57.1)	$ (74.6)

BUSINESS COMBINATIONS - Pro Forma Adjustments (Details) - USD ($)
$ in Millions

3 Months Ended

12 Months Ended

Sep. 07, 2016

Dec. 31, 2017

Sep. 30, 2017

Jun. 30, 2017

Mar. 31, 2017

Dec. 31, 2016

Sep. 30, 2016

Jun. 30, 2016

Mar. 31, 2016

Dec. 31, 2017

Dec. 31, 2016

Dec. 31, 2015

Elizabeth Arden | Fair value adjustment to inventory [Member]

$ (76.9)

$ (32.4)

$ (36.5)

$ (37.4)

$ (36.5)

$ (4.7)

$ 8.3

$ 11.0

$ (183.2)

$ (21.9)

^[1]

$ 56.1

^[1]

Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]

Inventory step-up in fair value

$ 38.0

Elizabeth Arden | Cost of sales adjustment [Member]

Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]

Elizabeth Arden | Acquisition and integration cost adjustment [Member]

20.7

Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]

Elizabeth Arden | Depreciation and amortization expense adjustment, property and equipment [Member]

68.0

Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]

Elizabeth Arden | Depreciation and amortization expense adjustment, intangible assets [Member]

1.4

Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]

Elizabeth Arden | Interest expense on new debt [Member]

5.6

Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]

Elizabeth Arden | Reversal of acquiree's interest expense [Member]

121.9

106.4

Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]

Elizabeth Arden | Reversal of acquirer's interest expense [Member]

(19.5)

(26.2)

Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]

Elizabeth Arden | Interest expense adjustment [Member]

(75.9)

(50.9)

Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]

Elizabeth Arden | Amortization of debt issuance costs on new debt [Member]

26.5

29.3

Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]

Elizabeth Arden | Reversal of acquirer's amortization of debt issuance costs [Member]

8.1

Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]

Elizabeth Arden | Reversal of acquiree's amortization of debt issuance costs [Member]

(3.3)

(4.4)

Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]

Elizabeth Arden | Amortization of debt issuance costs adjustment [Member]

(1.3)

(1.5)

Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]

$ 3.5

$ 2.2

Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]

6.25%

[1]	Adjusted as a result of the adoption of certain accounting pronouncements beginning on January 1, 2017. See Note 1, "Description of Business and Summaryof Significant Accounting Policies - Recently Adopted Accounting Pronouncements," for details of these adjustments.

BUSINESS COMBINATIONS - Cutex International Acquisition (Details) - USD ($)
$ in Millions

12 Months Ended

May 31, 2016

Dec. 31, 2017

Dec. 31, 2016

Dec. 31, 2015

$ 692.5

$ 689.5

^[1]

$ 469.7

Cutex International

Cash consideration

$ 29.1

0.8

17.2

11.1

Coty license agreement term

29.1

20 years

Customer relationships

Customer relationships | Cutex International

13 years

14 years

$ 11.9

Intellectual Property [Member] | Cutex International

15 years

$ 0.8

Trade names | Cutex International

10 years

Raw materials and supplies

$ 4.5

[1]	Adjusted as a result of the adoption of certain accounting pronouncements as of December 31, 2017. See Note 1, "Description of Business and Summaryof Significant Accounting Policies - Recently Adopted Accounting Pronouncements," for details of these adjustments.

RESTRUCTURING CHARGES - Additional Information (Details) $ in Millions	1 Months Ended	12 Months Ended
	Dec. 31, 2016 job_position	Dec. 31, 2017 USD ($)	Dec. 31, 2016 USD ($)
Restructuring Cost and Reserve [Line Items]
Payments for restructuring		$ 45.2	$ 8.7
EA Integration Restructuring Program
Restructuring Cost and Reserve [Line Items]
Number of positions eliminated \| job_position	425
Payments for restructuring		42.5
EA Integration Restructuring Program \| Minimum
Restructuring Cost and Reserve [Line Items]
Expected restructuring and related charges		90.0
Effect on future cash flows		90.0
EA Integration Restructuring Program \| Maximum
Restructuring Cost and Reserve [Line Items]
Expected restructuring and related charges		95.0
Effect on future cash flows		95.0
EA Integration Restructuring Program \| Employee-related costs
Restructuring Cost and Reserve [Line Items]
Payments for restructuring		37.0	$ 0.0
EA Integration Restructuring Program \| Employee-related costs \| Minimum
Restructuring Cost and Reserve [Line Items]
Expected restructuring and related charges		65.0
EA Integration Restructuring Program \| Employee-related costs \| Maximum
Restructuring Cost and Reserve [Line Items]
Expected restructuring and related charges		70.0
EA Integration Restructuring Program \| Lease termination costs
Restructuring Cost and Reserve [Line Items]
Expected restructuring and related charges		15.0
EA Integration Restructuring Program \| Other
Restructuring Cost and Reserve [Line Items]
Expected restructuring and related charges		10.0
Payments for restructuring		$ 5.5

RESTRUCTURING CHARGES - Restructuring and Related Charges (Details) - EA Integration Restructuring Program - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Restructuring Cost and Reserve [Line Items]
Restructuring charges and other	$ 37.7	$ 34.5
Cumulative charges incurred	72.2
Employee Severance and Other Personnel Benefits
Restructuring Cost and Reserve [Line Items]
Restructuring charges and other	31.3	31.5
Cumulative charges incurred	62.8
Lease Termination and Other Costs
Restructuring Cost and Reserve [Line Items]
Restructuring charges and other	4.8	0.2
Cumulative charges incurred	5.0
Total Restructuring Charges
Restructuring Cost and Reserve [Line Items]
Restructuring charges and other	36.1	31.7
Cumulative charges incurred	67.8
Inventory Adjustments
Restructuring Cost and Reserve [Line Items]
Restructuring charges and other	0.9	0.5
Cumulative charges incurred	1.4
Other Related Charges
Restructuring Cost and Reserve [Line Items]
Restructuring charges and other	0.7	$ 2.3
Cumulative charges incurred	3.0
Operating segments \| Elizabeth Arden
Restructuring Cost and Reserve [Line Items]
Restructuring charges and other	16.1
Cumulative charges incurred	22.6
Operating segments \| Consumer
Restructuring Cost and Reserve [Line Items]
Restructuring charges and other	12.1
Cumulative charges incurred	16.3
Operating segments \| Professional
Restructuring Cost and Reserve [Line Items]
Restructuring charges and other	4.2
Cumulative charges incurred	9.8
Corporate
Restructuring Cost and Reserve [Line Items]
Restructuring charges and other	3.7
Cumulative charges incurred	$ 19.1

RESTRUCTURING CHARGES - Restructuring Reserve (Details) $ in Millions	1 Months Ended	3 Months Ended		12 Months Ended				25 Months Ended
	Dec. 31, 2016 USD ($) job_position	Dec. 31, 2017 USD ($)	Dec. 31, 2016 USD ($)	Dec. 31, 2017 USD ($)	Dec. 31, 2016 USD ($)	Dec. 31, 2015 USD ($)	Dec. 31, 2014 job_position	Sep. 30, 2017 USD ($)
Restructuring Reserve [Roll Forward]
Liability Balance at period start				$ 42.8	$ 11.8
Expense (Income), Net				36.2	39.4
Foreign Currency Translation				0.1	0.0
Cash utilized, net				(45.2)	(8.7)
Non-cash utilized, net				0.0	0.3
Liability Balance at period end	$ 42.8	$ 33.9	$ 42.8	33.9	42.8	$ 11.8
Restructuring charges and other, net				33.4	34.0	10.5
EA Integration Restructuring Program
Restructuring Reserve [Roll Forward]
Cash utilized, net				(42.5)
Restructuring charges and other, net		22.1	31.7
Cumulative charges incurred		72.2		72.2
Number of positions eliminated \| job_position	425
EA Integration Restructuring Program \| Employee severance and other personnel benefits
Restructuring Reserve [Roll Forward]
Liability Balance at period start				31.5	0.0
Expense (Income), Net				31.3	31.5
Foreign Currency Translation				0.0	0.0
Cash utilized, net				(37.0)	0.0
Non-cash utilized, net				0.0	0.0
Liability Balance at period end	$ 31.5	25.8	31.5	25.8	31.5	0.0
Cumulative charges incurred		62.8		62.8
EA Integration Restructuring Program \| Other
Restructuring Reserve [Roll Forward]
Liability Balance at period start				3.0	0.0
Expense (Income), Net				6.4	3.0
Foreign Currency Translation				0.0
Cash utilized, net				(5.5)
Non-cash utilized, net				0.0
Liability Balance at period end	3.0	3.9	3.0	3.9	3.0	0.0
Cumulative charges incurred		5.0		5.0
EA Integration Restructuring Program \| Inventory adjustments and other restructuring
Restructuring Reserve [Roll Forward]
Expense (Income), Net				1.6
2015 Efficiency Program
Restructuring Reserve [Roll Forward]
Cash utilized, net								$ (7.1)
Cumulative charges incurred		7.6		7.6
2015 Efficiency Program \| Employee severance and other personnel benefits
Restructuring Reserve [Roll Forward]
Liability Balance at period start				4.5	6.6
Expense (Income), Net				(3.2)	0.6
Foreign Currency Translation				0.0	0.0
Cash utilized, net				(1.0)	(2.7)
Non-cash utilized, net				0.0	0.0
Liability Balance at period end	4.5	0.3	4.5	0.3	4.5	6.6
2015 Efficiency Program \| Other
Restructuring Reserve [Roll Forward]
Liability Balance at period start				0.2	0.1
Expense (Income), Net				0.0	0.7
Foreign Currency Translation				0.0	0.0
Cash utilized, net				0.0	(0.6)
Non-cash utilized, net				0.0	0.0
Liability Balance at period end	0.2	0.2	0.2	0.2	0.2	0.1
Integration Program \| Employee severance and other personnel benefits
Restructuring Reserve [Roll Forward]
Liability Balance at period start				0.0	0.8
Expense (Income), Net					0.0
Foreign Currency Translation					0.0
Cash utilized, net					(0.8)
Non-cash utilized, net					0.0
Liability Balance at period end	0.0		0.0		0.0	0.8
Integration Program \| Other
Restructuring Reserve [Roll Forward]
Liability Balance at period start				0.0	0.1
Expense (Income), Net					0.0
Foreign Currency Translation					0.0
Cash utilized, net					(0.1)
Non-cash utilized, net					0.0
Liability Balance at period end	0.0		0.0		0.0	0.1
December 2013 Program
Restructuring Reserve [Roll Forward]
Number of positions eliminated \| job_position							1,100
December 2013 Program \| Employee severance and other personnel benefits
Restructuring Reserve [Roll Forward]
Liability Balance at period start				1.2	1.2
Expense (Income), Net				0.0	0.0
Foreign Currency Translation				0.0	0.0
Cash utilized, net				(0.1)	0.0
Non-cash utilized, net				0.0	0.0
Liability Balance at period end	1.2	1.1	1.2	1.1	1.2	1.2
Other immaterial actions \| Employee severance and other personnel benefits
Restructuring Reserve [Roll Forward]
Liability Balance at period start				1.4	2.3
Expense (Income), Net				0.6	2.1
Foreign Currency Translation				0.0	0.0
Cash utilized, net				(0.9)	(3.0)
Non-cash utilized, net				0.0	0.0
Liability Balance at period end	1.4	1.1	1.4	1.1	1.4	2.3
Other immaterial actions \| Other
Restructuring Reserve [Roll Forward]
Liability Balance at period start				1.0	0.7
Expense (Income), Net				1.1	1.5
Foreign Currency Translation				0.1	0.0
Cash utilized, net				(0.7)	(1.5)
Non-cash utilized, net				0.0	0.3
Liability Balance at period end	$ 1.0	1.5	$ 1.0	1.5	1.0	0.7
Adjustment \| 2015 Efficiency Program
Restructuring Reserve [Roll Forward]
Restructuring charges and other, net				3.2
Segment reconciling items
Restructuring Reserve [Roll Forward]
Restructuring charges and other, net				34.5	36.8	11.6
Segment reconciling items \| Elizabeth Arden
Restructuring Reserve [Roll Forward]
Elizabeth Arden 2016 Business Transformation Program				1.1	$ 2.6	$ 0.0
Corporate \| EA Integration Restructuring Program
Restructuring Reserve [Roll Forward]
Cumulative charges incurred		19.1		19.1
Corporate \| 2015 Efficiency Program
Restructuring Reserve [Roll Forward]
Cumulative charges incurred		0.5		0.5
Consumer \| Operating segments \| EA Integration Restructuring Program
Restructuring Reserve [Roll Forward]
Cumulative charges incurred		16.3		16.3
Consumer \| Operating segments \| 2015 Efficiency Program
Restructuring Reserve [Roll Forward]
Cumulative charges incurred		3.6		3.6
Professional \| Operating segments \| EA Integration Restructuring Program
Restructuring Reserve [Roll Forward]
Cumulative charges incurred		9.8		9.8
Professional \| Operating segments \| 2015 Efficiency Program
Restructuring Reserve [Roll Forward]
Cumulative charges incurred		$ 3.5		$ 3.5

DISCONTINUED OPERATIONS (Details) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
DISCONTINUED OPERATIONS (Details) - USD ($) $ in Millions	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Income Statement Disclosures [Abstract]
Income (loss) from discontinued operations, net of taxes	$ 0.8	$ 0.4	$ 0.6	$ 0.3	$ (2.6)	$ (0.2)	$ (2.5)	$ 0.4	$ 2.1	$ (4.9)	$ (3.2)
Disposed of by sale \| Operations in China
Income Statement Disclosures [Abstract]
Net sales									0.0	0.0	0.0
Income (loss) from discontinued operations, before taxes									2.4	(4.9)	(3.2)
Provision for income taxes									0.3	0.0	0.0
Income (loss) from discontinued operations, net of taxes									2.1	(4.9)	$ (3.2)
Balance Sheet Disclosures [Abstract]
Cash and cash equivalents	1.3				1.7				1.3	1.7
Trade receivables, net	0.2				0.2				0.2	0.2
Total current assets	1.5				1.9				1.5	1.9
Total assets	1.5				1.9				1.5	1.9
Accounts payable	0.5				0.5				0.5	0.5
Accrued expenses and other	3.5				3.3				3.5	3.3
Total current liabilities	4.0				3.8				4.0	3.8
Total liabilities	$ 4.0				$ 3.8				$ 4.0	$ 3.8

INVENTORIES - Components of Inventories (Details) - USD ($)
$ in Millions

Dec. 31, 2017

Dec. 31, 2016

Inventory Disclosure [Abstract]

$ 123.4

$ 72.9

Work-in-process

22.0

33.5

Finished goods

352.5

318.2

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

$ 497.9

$ 424.6

^[1]

[1]	Adjusted as a result of the adoption of certain accounting pronouncements as of December 31, 2017. See Note 1, "Description of Business and Summaryof Significant Accounting Policies - Recently Adopted Accounting Pronouncements," for details of these adjustments.

PREPAID EXPENSES AND OTHER (Details) - USD ($)
$ in Millions

Dec. 31, 2017

Dec. 31, 2016

Prepaid expenses

$ 43.3

$ 34.6

Prepaid expenses and other

70.1

54.2

$ 113.4

$ 88.8

^[1]

[1]	Adjusted as a result of the adoption of certain accounting pronouncements as of December 31, 2017. See Note 1, "Description of Business and Summaryof Significant Accounting Policies - Recently Adopted Accounting Pronouncements," for details of these adjustments.

PROPERTY, PLANT AND EQUIPMENT (Details) - USD ($)
$ in Millions

12 Months Ended

Dec. 31, 2017

Dec. 31, 2016

Dec. 31, 2015

Accumulated depreciation and amortization

$ 758.2

$ 625.2

(385.5)

(304.7)

Property, plant and equipment, net

372.7

320.5

^[1]

Depreciation and amortization expense

54.4

45.0

$ 37.0

Land and improvements [Member]

Buildings and improvements [Member]

11.6

10.4

Machinery, equipment and capital leases [Member]

97.0

88.6

Office furniture, fixtures and capitalized software [Member]

275.1

243.3

Counters and trade fixtures [Member]

168.3

122.7

Leasehold improvements [Member]

62.0

60.8

Construction-in-progress [Member]

51.4

46.0

$ 92.8

$ 53.4

[1]	Adjusted as a result of the adoption of certain accounting pronouncements as of December 31, 2017. See Note 1, "Description of Business and Summaryof Significant Accounting Policies - Recently Adopted Accounting Pronouncements," for details of these adjustments.

GOODWILL AND INTANGIBLE ASSETS, NET - Changes in Goodwill by Segment (Details)
$ in Millions

12 Months Ended

Dec. 31, 2017

USD ($)

Dec. 31, 2016

USD ($)

$ 689.5

^[1]

$ 469.7

12.3

239.1

1.5

(2.6)

(10.8)

(16.7)

692.5

689.5

^[1]

(37.2)

0.0

18.9

0.0

0.0

(2.2)

0.0

(16.7)

0.0

Operating segments | Consumer

(16.7)

227.5

210.1

0.0

17.4

0.0

(10.8)

0.0

216.7

227.5

Operating segments | Professional

(20.5)

240.3

240.7

0.0

1.5

(0.4)

0.0

241.8

240.3

Operating segments | Elizabeth Arden

0.0

221.7

0.0

12.3

221.7

0.0

0.0

234.0

$ 221.7

$ 0.0

[1]	Adjusted as a result of the adoption of certain accounting pronouncements as of December 31, 2017. See Note 1, "Description of Business and Summaryof Significant Accounting Policies - Recently Adopted Accounting Pronouncements," for details of these adjustments.

GOODWILL AND INTANGIBLE ASSETS, NET - Narrative (Details)

3 Months Ended

12 Months Ended

Dec. 31, 2017

USD ($)

Dec. 31, 2016

USD ($)

Dec. 31, 2015

USD ($)

Dec. 31, 2017

USD ($)

Dec. 31, 2016

USD ($)

reporting_unit

Dec. 31, 2015

USD ($)

$ 10,800,000

$ 16,700,000

Number of reporting units | reporting_unit

$ 692,500,000

$ 689,500,000

^[1]

$ 469,700,000

692,500,000

$ 689,500,000

^[1]

$ 469,700,000

$ 43,200,000

$ 27,500,000

22,400,000

Other Reporting Unit [Member]

6,700,000

$ 6,700,000

$ 0

Weighted average cost of capital

12.00%

Perpetual growth rate

2.00%

10,800,000

16,700,000

Global Color Brands reporting unit [Member]

$ 14,800,000

$ 9,700,000

Customer relationships

4,200,000

Distribution rights

2,000,000

Trademarks and licenses

$ 500,000

[1]	Adjusted as a result of the adoption of certain accounting pronouncements as of December 31, 2017. See Note 1, "Description of Business and Summaryof Significant Accounting Policies - Recently Adopted Accounting Pronouncements," for details of these adjustments.

GOODWILL AND INTANGIBLE ASSETS, NET - Summary of Intangible Assets (Details) - USD ($)
$ in Millions

12 Months Ended

Dec. 31, 2017

Dec. 31, 2016

Dec. 31, 2015

Finite-lived intangible assets, gross carrying amount

$ 575.1

$ 478.1

Finite-lived intangible assets, accumulated amortization

(130.9)

(84.8)

Finite-lived intangible assets, net carrying amount

444.2

393.3

Indefinite-lived Intangible Assets [Line Items]

43.2

27.5

$ 22.4

Indefinite-lived intangible assets, carrying amount

147.9

243.3

Intangible assets, gross carrying amount

723.0

721.4

Intangible assets, net carrying amount

592.1

636.6

^[1]

Trade names

Indefinite-lived Intangible Assets [Line Items]

Indefinite-lived intangible assets, carrying amount

147.9

243.3

Trademarks and licenses

Finite-lived intangible assets, gross carrying amount

271.4

177.9

Finite-lived intangible assets, accumulated amortization

(72.8)

(47.9)

Finite-lived intangible assets, net carrying amount

$ 198.6

$ 130.0

13 years

Customer relationships

Finite-lived intangible assets, gross carrying amount

$ 250.6

$ 247.6

Finite-lived intangible assets, accumulated amortization

(46.8)

(30.1)

Finite-lived intangible assets, net carrying amount

$ 203.8

$ 217.5

Patents and internally-developed IP

13 years

14 years

Finite-lived intangible assets, gross carrying amount

$ 20.8

$ 20.3

Finite-lived intangible assets, accumulated amortization

(8.4)

(6.1)

Finite-lived intangible assets, net carrying amount

$ 12.4

$ 14.2

7 years

8 years

Distribution rights

Finite-lived intangible assets, gross carrying amount

$ 31.0

Finite-lived intangible assets, accumulated amortization

(2.3)

(0.5)

Finite-lived intangible assets, net carrying amount

$ 28.7

$ 30.5

17 years

18 years

Finite-lived intangible assets, gross carrying amount

$ 1.3

Finite-lived intangible assets, accumulated amortization

(0.6)

(0.2)

Finite-lived intangible assets, net carrying amount

$ 0.7

$ 1.1

Compensation and related benefits

2 years

3 years

[1]	Adjusted as a result of the adoption of certain accounting pronouncements as of December 31, 2017. See Note 1, "Description of Business and Summaryof Significant Accounting Policies - Recently Adopted Accounting Pronouncements," for details of these adjustments.

GOODWILL AND INTANGIBLE ASSETS, NET - Estimated Future Amortization Expense (Details) - USD ($) $ in Millions	Dec. 31, 2017	Dec. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
2018	$ 40.2
2019	37.3
2020	36.5
2021	35.3
2022	34.1
Thereafter	260.8
Finite-lived intangible assets, net carrying amount	$ 444.2	$ 393.3

ACCRUED EXPENSES AND OTHER - Components of Accrued Expenses and Other (Details) - USD ($)
$ in Millions

Dec. 31, 2017

Dec. 31, 2016

Payables and Accruals [Abstract]

$ 59.6

$ 75.8

Advertising and promotional costs

84.0

66.7

Sales returns and allowances

61.7

51.9

Taxes

48.4

39.2

Restructuring reserve

33.3

38.0

Interest

23.8

24.4

102.0

86.9

Short Term Debt Disclosure [Abstract]

$ 412.8

$ 382.9

^[1]

[1]	Adjusted as a result of the adoption of certain accounting pronouncements as of December 31, 2017. See Note 1, "Description of Business and Summaryof Significant Accounting Policies - Recently Adopted Accounting Pronouncements," for details of these adjustments.

SHORT-TERM BORROWINGS (Details) - USD ($)
$ in Millions

Dec. 31, 2017

Dec. 31, 2016

Short-term borrowings

$ 12.4

$ 10.8

^[1]

Weighted average interest rate

5.00%

[1]	Adjusted as a result of the adoption of certain accounting pronouncements as of December 31, 2017. See Note 1, "Description of Business and Summaryof Significant Accounting Policies - Recently Adopted Accounting Pronouncements," for details of these adjustments.

LONG-TERM DEBT - Components of Long-term Debt (Details) - USD ($)
$ in Millions

Dec. 31, 2017

Dec. 31, 2016

Aug. 04, 2016

Dec. 31, 2013

$ 2,823.9

$ 2,681.2

Less current portion

(170.2)

(18.1)

^[1]

2,653.7

2,663.1

^[1]

2016 Term Loan

2016 Revolving Credit Facility

1,735.9

1,747.8

152.1

0.0

Less current portion

$ (152.1)

6.25%

5.75% Senior Notes [Member]

$ 440.3

439.1

5.75%

Spanish Government Loan [Member]

$ 495.1

493.8

Revlon Consumer Products Corporation | 2016 Term Loan

0.5

Revlon Consumer Products Corporation | 6.25% Senior Notes

Less current portion

$ (18.1)

$ (18.0)

6.25%

[1]	Adjusted as a result of the adoption of certain accounting pronouncements as of December 31, 2017. See Note 1, "Description of Business and Summaryof Significant Accounting Policies - Recently Adopted Accounting Pronouncements," for details of these adjustments.

LONG-TERM DEBT - Debt Redemption Prices (Details)		12 Months Ended
LONG-TERM DEBT - Debt Redemption Prices (Details)	Aug. 04, 2016	Dec. 31, 2017
5.75% Senior Notes [Member] \| Period One [Member]
Debt Instrument, Redemption [Line Items]
Redemption price percentage		102.875%
5.75% Senior Notes [Member] \| Period Two [Member]
Debt Instrument, Redemption [Line Items]
Redemption price percentage		101.438%
5.75% Senior Notes [Member] \| Period Three [Member]
Debt Instrument, Redemption [Line Items]
Redemption price percentage		100.00%
Revlon Consumer Products Corporation \| 6.25% Senior Notes
Debt Instrument, Redemption [Line Items]
Redemption price percentage	106.25%
Revlon Consumer Products Corporation \| 6.25% Senior Notes \| Period One [Member]
Debt Instrument, Redemption [Line Items]
Redemption price percentage		104.688%
Revlon Consumer Products Corporation \| 6.25% Senior Notes \| Period Two [Member]
Debt Instrument, Redemption [Line Items]
Redemption price percentage		103.125%
Revlon Consumer Products Corporation \| 6.25% Senior Notes \| Period Three [Member]
Debt Instrument, Redemption [Line Items]
Redemption price percentage		101.563%
Revlon Consumer Products Corporation \| 6.25% Senior Notes \| Period Four [Member]
Debt Instrument, Redemption [Line Items]
Redemption price percentage		100.00%

LONG-TERM DEBT - Debt-Related Transactions (Details) - USD ($)	Sep. 07, 2016	Feb. 29, 2016	Dec. 31, 2017	Aug. 04, 2016	Dec. 31, 2015	Nov. 30, 2013
Debt Instrument [Line Items]
Repayment of principal amount of borrowings outstanding of acquiree	$ 142,000,000
Aggregate principal amount outstanding			$ 2,885,000,000
Principal payments			175,100,000
Elizabeth Arden
Debt Instrument [Line Items]
Acquisition, consideration transferred, repurchase and retirement of preferred stock	$ 55,000,000
Acquisition, consideration transferred, repurchase and retirement of preferred stock (in shares)	50,000
Acquisition, consideration transferred, repurchase and retirement of preferred stock, change in control premium	$ 5,000,000
Interest rate swap
Debt Instrument [Line Items]
Derivative, notional amount			$ 400,000,000			$ 400,000,000
Revlon Consumer Products Corporation \| Elizabeth Arden
Debt Instrument [Line Items]
Acquisition, consideration transferred, cash on hand	126,700,000
6.25% Senior Notes
Debt Instrument [Line Items]
Stated interest rate			6.25%
6.25% Senior Notes \| Revlon Consumer Products Corporation
Debt Instrument [Line Items]
Aggregate principal amount				$ 450,000,000
Stated interest rate				6.25%
2016 Revolving Credit Facility \| Revlon Consumer Products Corporation
Debt Instrument [Line Items]
Proceeds from lines of credit	$ 35,000,000
Elizabeth Arden senior notes \| Elizabeth Arden
Debt Instrument [Line Items]
Stated interest rate	7.375%
Acquisition, consideration transferred, repayment of debt of acquiree	$ 350,000,000
Elizabeth Arden revolving credit facility \| Elizabeth Arden
Debt Instrument [Line Items]
Acquisition, consideration transferred, repayment of debt of acquiree	142,500,000
Repayment of principal amount of borrowings outstanding of acquiree	142,000,000
Maximum borrowing capacity	300,000,000.0
Elizabeth Arden Second lien credit facility \| Elizabeth Arden
Debt Instrument [Line Items]
Acquisition, consideration transferred, repayment of debt of acquiree	25,000,000
2011 Term Loan [Member]
Debt Instrument [Line Items]
Repayment of debt	651,400,000
2011 Term Loan [Member] \| Revlon Consumer Products Corporation
Debt Instrument [Line Items]
Repayment of debt		$ 11,500,000
Aggregate principal amount outstanding		651,400,000
Acquisition Term Loan [Member]
Debt Instrument [Line Items]
Repayment of debt	658,600,000
Acquisition Term Loan [Member] \| Revlon Consumer Products Corporation
Debt Instrument [Line Items]
Repayment of debt		11,700,000
Principal payments		6,800,000			$ 6,900,000
Amended Term Loan Facility [Member] \| Revlon Consumer Products Corporation
Debt Instrument [Line Items]
Repayment of debt		$ 23,200,000
Percentage of excess cash flow, as defined		50.00%
Revolving Credit Facility \| 2016 Revolving Credit Facility \| Revlon Consumer Products Corporation
Debt Instrument [Line Items]
Maximum borrowing capacity	400,000,000.0
Revolving Credit Facility \| 2016 Revolving Credit Facility \| Revlon Consumer Products Corporation \| Interest rate swap
Debt Instrument [Line Items]
Derivative, notional amount	$ 400,000,000

LONG-TERM DEBT - 2016 Term Loan Facility (Details) - USD ($)

12 Months Ended

Sep. 07, 2016

Dec. 31, 2017

Dec. 31, 2016

Dec. 31, 2015

^[1]

Dec. 31, 2013

2016 Term Loan | Revlon Consumer Products Corporation

$ 0

$ 16,900,000

^[1]

$ 0

Maximum borrowing capacity

$ 1,800,000,000.0

Debt term

7 years

Debt alternate term, period from maturity of other debt

91 days

Amount by which available liquidity does not exceed principal amount of other debt

$ 200,000,000

Original issue discount percentage

0.50%

Maximum borrowing capacity, base for calculation of potential increase

$ 450,000,000.0

Maximum borrowing capacity, addition for calculation of potential increase, percentage of pro forma consolidated EBITDA

90.00%

First lien leverage ratio

3.5

Secured leverage ratio

4.25

Maximum borrowing capacity, additional potential increase if other debt repaid and terminated

$ 400,000,000.0

Equity of first tier foreign subsidiaries in excess of voting equity interests

65.00%

Covenant terms, available amount base, percentage of cumulative consolidated net income

50.00%

Covenant terms, available amount addition

$ 200,000,000.0

Covenant terms, net debt to consolidated EBITDA ratio

5.0

Mandatory prepayments, percentage of excess cash flow, next fiscal year

50.00%

Mandatory prepayments, step down percentage, achievement one

25.00%

Mandatory prepayments, step down percentage, achievement two

0.00%

Debt issuance costs - capitalized and expensed

45,200,000

Debt issuance costs capitalized

39,300,000

Debt issuance costs expensed

6,000,000

2016 Term Loan | Adjusted LIBOR [Member] | Revlon Consumer Products Corporation

Basis spread on variable interest rate

Variable rate floor

0.75%

3.50%

2016 Term Loan | Alternate base rate [Member] | Revlon Consumer Products Corporation

Basis spread on variable interest rate

2.50%

5.75% Senior Notes [Member]

2011 Term Loan and Acquisition Term Loan [Member] | Revlon Consumer Products Corporation

5.75%

Write off of deferred debt issuance costs

$ 10,900,000

[1]	Adjusted as a result of the adoption of certain accounting pronouncements beginning on January 1, 2017. See Note 1, "Description of Business and Summaryof Significant Accounting Policies - Recently Adopted Accounting Pronouncements," for details of these adjustments.

LONG-TERM DEBT - 2016 Revolving Credit Facility (Details)		12 Months Ended
	Sep. 07, 2016 USD ($) exercise_cure_right	Dec. 31, 2017	Dec. 31, 2016 USD ($)	Dec. 31, 2013
2016 Revolving Credit Facility \| Revlon Consumer Products Corporation
Debt Instrument [Line Items]
Debt term	5 years	5 years
Debt alternate term, period from maturity of other debt		91 days
2016 Revolving Credit Facility \| Revolving Credit Facility \| Revlon Consumer Products Corporation
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 400,000,000.0
Maximum borrowing capacity, potential increase	$ 50,000,000.0
Borrowing base calculation, percentage of eligible accounts receivable	85.00%
Borrowing base calculation, qualified restricted cash cap	$ 75,000,000.0
Amount by which available liquidity does not exceed principal amount of other debt	$ 200,000,000.0
Equity of first tier foreign subsidiaries in excess of voting equity interests	65.00%
Unused capacity commitment fee percentage	0.25%
Covenant terms, liquidity	$ 35,000,000.0
Covenant terms, percentage of maximum	10.00%
Covenant terms, consolidated fixed charge coverage ratio	100.00%
Covenant terms, liquidity threshold, consecutive business days	20 days
Number of exercise cure rights in any four quarter period \| exercise_cure_right	2
Number of exercise cure rights during term \| exercise_cure_right	5
Debt issuance costs - capitalized and expensed			$ 5,700,000
Debt issuance costs capitalized			5,600,000
Debt issuance costs expensed			$ 100,000
2016 Revolving Credit Facility \| Sublimit, letters of credit [Member] \| Revlon Consumer Products Corporation
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 100,000,000.0
2016 Revolving Credit Facility \| Sublimit, swing line loans [Member] \| Revlon Consumer Products Corporation
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 70,000,000.0
5.75% Senior Notes [Member]
Debt Instrument [Line Items]
Stated interest rate		5.75%		5.75%
Alternate base rate [Member] \| Average excess availability, threshold one [Member] \| 2016 Revolving Credit Facility \| Revolving Credit Facility \| Revlon Consumer Products Corporation
Debt Instrument [Line Items]
Basis spread on variable interest rate	0.25%
Alternate base rate [Member] \| Average excess availability, threshold two [Member] \| 2016 Revolving Credit Facility \| Revolving Credit Facility \| Revlon Consumer Products Corporation
Debt Instrument [Line Items]
Basis spread on variable interest rate	0.50%
Alternate base rate [Member] \| Average excess availability, threshold three [Member] \| 2016 Revolving Credit Facility \| Revolving Credit Facility \| Revlon Consumer Products Corporation
Debt Instrument [Line Items]
Basis spread on variable interest rate	0.75%
Eurocurrency [Member] \| Average excess availability, threshold one [Member] \| 2016 Revolving Credit Facility \| Revolving Credit Facility \| Revlon Consumer Products Corporation
Debt Instrument [Line Items]
Basis spread on variable interest rate	1.25%
Eurocurrency [Member] \| Average excess availability, threshold two [Member] \| 2016 Revolving Credit Facility \| Revolving Credit Facility \| Revlon Consumer Products Corporation
Debt Instrument [Line Items]
Basis spread on variable interest rate	1.50%
Eurocurrency [Member] \| Average excess availability, threshold three [Member] \| 2016 Revolving Credit Facility \| Revolving Credit Facility \| Revlon Consumer Products Corporation
Debt Instrument [Line Items]
Basis spread on variable interest rate	1.75%

LONG-TERM DEBT - Senior Notes (Details)

1 Months Ended

12 Months Ended

Aug. 04, 2016

USD ($)

Feb. 08, 2013

USD ($)

Dec. 31, 2013

USD ($)

Dec. 31, 2017

USD ($)

Dec. 31, 2016

USD ($)

Dec. 31, 2015

USD ($)

^[1]

Dec. 31, 2013

USD ($)

Feb. 29, 2016

USD ($)

Aggregate principal amount outstanding

$ 2,885,000,000

5.75% Senior Notes [Member]

Aggregate principal amount outstanding

5.75%

$ 500,000,000

Proceeds from Issuance of Senior Long-term Debt

491,200,000

Redemption price percentage, change of control

101.00%

Financing costs

$ 19,400,000

Original 5.75% Senior Notes [Member]

Aggregate principal amount

5.75%

$ 500,000,000.0

2011 Term Loan [Member]

Repayments of Long-term Debt

$ 113,000,000

$ 0

$ 11,500,000

^[1]

$ 12,100,000

9.75% Senior Notes [Member]

Repayments of Long-term Debt

9.75%

$ 330,000,000

Accrued interest

$ 8,600,000

Revlon Consumer Products Corporation | 2011 Term Loan [Member]

6.25%

Aggregate principal amount outstanding

$ 651,400,000

Revlon Consumer Products Corporation | 6.25% Senior Notes

Aggregate principal amount

6.25%

$ 450,000,000

Percentage of principal amount that may be redeemed

40.00%

Redemption price percentage

106.25%

Minimum percentage of principal amount to remain outstanding after redemption

60.00%

Redemption price percentage, change of control

101.00%

Debt issuance costs capitalized

$ 11,300,000

Treasury rate [Member] | Revlon Consumer Products Corporation | 6.25% Senior Notes

Optional redemption, make-whole premium, basis spread on variable rate

[1]	Adjusted as a result of the adoption of certain accounting pronouncements beginning on January 1, 2017. See Note 1, "Description of Business and Summaryof Significant Accounting Policies - Recently Adopted Accounting Pronouncements," for details of these adjustments.

LONG-TERM DEBT - Covenants (Details) - USD ($)	Dec. 31, 2017	Dec. 31, 2016	Sep. 07, 2016
Debt Instrument [Line Items]
Standby and trade letters of credit for various corporate purposes		$ 10,400,000
Outstanding checks		$ 19,300,000
2016 Revolving Credit Facility
Debt Instrument [Line Items]
Outstanding checks	$ 21,800,000
Revlon Consumer Products Corporation \| 2016 Term Loan
Debt Instrument [Line Items]
Amount outstanding	1,777,500,000
Maximum borrowing capacity			$ 1,800,000,000.0
Revlon Consumer Products Corporation \| 2016 Revolving Credit Facility
Debt Instrument [Line Items]
Amount outstanding	157,000,000
Revolving Credit Facility \| Revlon Consumer Products Corporation \| 2016 Revolving Credit Facility
Debt Instrument [Line Items]
Maximum borrowing capacity			400,000,000.0
Remaining borrowing capacity	193,000,000
Calculated borrowing base	381,900,000
Sublimit, letters of credit [Member] \| Revlon Consumer Products Corporation \| 2016 Revolving Credit Facility
Debt Instrument [Line Items]
Maximum borrowing capacity			$ 100,000,000.0
Standby and trade letters of credit for various corporate purposes	$ 10,100,000

LONG-TERM DEBT - Long-Term Debt Maturities (Details) - USD ($) $ in Millions	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2013
Long-Term Debt Maturities
2018	$ 175.1
2019	18.1
2020	18.1
2021	518.1
2022	18.1
Thereafter	2,137.5
Total long-term debt	2,885.0
Discounts and deferred finance charges	(61.1)
Long-term debt	2,823.9	$ 2,681.2
5.75% Senior Notes [Member]
Long-Term Debt Maturities
Total long-term debt	500.0		$ 500.0
Long-term debt	$ 495.1	493.8
Stated interest rate	5.75%		5.75%
2016 Term Loan
Long-Term Debt Maturities
Long-term debt	$ 1,735.9	1,747.8
2016 Revolving Credit Facility
Long-Term Debt Maturities
Long-term debt	152.1	$ 0.0
Revlon Consumer Products Corporation \| 2016 Term Loan
Long-Term Debt Maturities
Amount outstanding	1,777.5
Revlon Consumer Products Corporation \| 2016 Revolving Credit Facility
Long-Term Debt Maturities
Amount outstanding	$ 157.0

FAIR VALUE MEASUREMENTS - Schedule of Fair Values of Financial Assets and Liabilities (Details) - USD ($) $ in Millions	Dec. 31, 2017	Dec. 31, 2016
Assets:
FX Contracts	$ 0.6	$ 2.3
Total assets at fair value	0.6	2.3
Liabilities:
FX Contracts	1.9	1.1
2013 Interest Rate Swap	0.9	4.7
Total liabilities at fair value	2.8	5.8
Level 1
Assets:
FX Contracts	0.0	0.0
Total assets at fair value	0.0	0.0
Liabilities:
FX Contracts	0.0	0.0
2013 Interest Rate Swap	0.0	0.0
Total liabilities at fair value	0.0	0.0
Level 2
Assets:
FX Contracts	0.6	2.3
Total assets at fair value	0.6	2.3
Liabilities:
FX Contracts	1.9	1.1
2013 Interest Rate Swap	0.9	4.7
Total liabilities at fair value	2.8	5.8
Level 3
Assets:
FX Contracts	0.0	0.0
Total assets at fair value	0.0	0.0
Liabilities:
FX Contracts	0.0	0.0
2013 Interest Rate Swap	0.0	0.0
Total liabilities at fair value	$ 0.0	$ 0.0

FAIR VALUE MEASUREMENTS - Schedule of Fair Values of Financial Liabilities (Details) - USD ($) $ in Millions	Dec. 31, 2017	Dec. 31, 2016
Liabilities:
Fair Value, Long-term debt, including current portion	$ 2,131.5	$ 2,770.9
Carrying Value, Long-term debt, including current portion	2,823.9	2,681.2
Level 1
Liabilities:
Fair Value, Long-term debt, including current portion	0.0	0.0
Level 2
Liabilities:
Fair Value, Long-term debt, including current portion	2,131.5	2,770.9
Level 3
Liabilities:
Fair Value, Long-term debt, including current portion	$ 0.0	$ 0.0

FINANCIAL INSTRUMENTS - Additional Information (Details) - USD ($)

1 Months Ended

Nov. 30, 2013

Dec. 31, 2017

Dec. 31, 2016

Sep. 07, 2016

Aug. 04, 2016

Dec. 31, 2015

May 31, 2015

Dec. 31, 2014

Fair Value Measurements Of Financial Instruments [Line Items]

Standby and trade letters of credit for various corporate purposes

$ 10,400,000

Fair value of derivative liability

$ 900,000

4,700,000

Accumulated income (loss)

770,400,000

614,800,000

^[1]

$ 587,500,000

$ 644,100,000

Fair value of assets

$ 600,000

2,300,000

Fair Value Measurements Of Financial Instruments [Line Items]

Revlon Consumer Products Corporation | 6.25% Senior Notes

6.25%

Fair Value Measurements Of Financial Instruments [Line Items]

Fair Value Measurements Of Financial Instruments [Line Items]

6.25%

Deferred gain - hedging

Accumulated income (loss)

$ 700,000

3,000,000

3,800,000

$ 2,200,000

Foreign exchange contracts

Fair Value Measurements Of Financial Instruments [Line Items]

Derivative, notional amount

147,100,000

$ 79,600,000

Interest rate swap

Fair Value Measurements Of Financial Instruments [Line Items]

Derivative, notional amount

$ 400,000,000

400,000,000

Floor interest rate (percent)

1.00%

0.75%

Term of contract

3 years

Fixed interest rate (percent)

2.0709%

Fixed interest rate on debt (percent)

5.5709%

Fair value of derivative liability

900,000

Cumulative changes in net gain (loss) from cash flow hedges, net of tax

700,000

Accumulated deferred losses, gross

1,200,000

$ 6,300,000

Interest rate swap | Deferred gain - hedging

Fair Value Measurements Of Financial Instruments [Line Items]

Accumulated income (loss)

(700,000)

$ 3,000,000

$ 3,900,000

$ 3,800,000

Standby letters of credit which support Products Corporation self insurance programs

Fair Value Measurements Of Financial Instruments [Line Items]

Standby and trade letters of credit for various corporate purposes

7,300,000

Sublimit, letters of credit [Member] | Revlon Consumer Products Corporation | 2016 Revolving Credit Facility

Fair Value Measurements Of Financial Instruments [Line Items]

Standby and trade letters of credit for various corporate purposes

$ 10,100,000

[1]	Adjusted as a result of the adoption of certain accounting pronouncements as of December 31, 2017. See Note 1, "Description of Business and Summaryof Significant Accounting Policies - Recently Adopted Accounting Pronouncements," for details of these adjustments.

FINANCIAL INSTRUMENTS - Fair Value of Derivative Financial Instruments in Consolidated Balance Sheet (Details) - Derivatives not designated as hedging instruments - USD ($) $ in Millions	Dec. 31, 2017	Dec. 31, 2016
Foreign exchange contracts \| Prepaid expenses and other
Derivative Instruments [Abstract]
Fair value of gross derivative asset	$ 0.6	$ 2.3
Foreign exchange contracts \| Accrued expenses and other
Derivative Instruments [Abstract]
Fair value of gross derivative liabilities	1.9	1.1
Interest rate swap \| Prepaid expenses and other
Derivative Instruments [Abstract]
Fair value of gross derivative asset	0.0	0.0
Interest rate swap \| Other assets
Derivative Instruments [Abstract]
Fair value of gross derivative asset	0.0	0.0
Interest rate swap \| Accrued expenses and other
Derivative Instruments [Abstract]
Fair value of gross derivative liabilities	0.9	3.7
Interest rate swap \| Other long-term liabilities
Derivative Instruments [Abstract]
Fair value of gross derivative liabilities	$ 0.0	$ 1.0

FINANCIAL INSTRUMENTS - Effects of Derivative Financial Instruments, Other Comprehensive Income (Loss) and Net Income (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Derivative Instruments, Gain (Loss) [Line Items]
Revaluation of derivative financial instruments, net of reclassifications into earnings, tax expense (benefit)	$ (1.4)	$ 0.5	$ (1.0)
Interest rate swap \| Designated as Hedging Instrument [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of gain (loss) recognized in other comprehensive income	2.3	0.8	(1.6)
Interest rate swap \| Designated as Hedging Instrument [Member] \| Interest Expense
Derivative Instruments, Gain (Loss) [Line Items]
Amount of gain (loss) recognized in net income	(3.7)	(4.3)	(2.6)
Interest rate swap \| Derivatives not designated as hedging instruments \| Miscellaneous, net
Derivative Instruments, Gain (Loss) [Line Items]
Amount of gain (loss) recognized in net income	0.1	0.7	0.0
Foreign exchange contracts \| Derivatives not designated as hedging instruments \| Foreign currency gain (loss), net
Derivative Instruments, Gain (Loss) [Line Items]
Amount of gain (loss) recognized in net income	$ (4.1)	$ 2.1	$ 3.8

PENSION AND POST-RETIREMENT BENEFITS - Aggregate Reconciliation of Projected Benefit Obligations, Plan Assets, Funded Status and Amounts Recognized (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Change in Benefit Obligation:
Benefit obligation - beginning of year	$ (640.5)
Benefit obligation - end of year	(661.4)	$ (640.5)
Change in Plan Assets:
Fair value of plan assets - beginning of year	464.0
Fair value of plan assets - end of year	497.2	464.0
Pension Plans [Member]
Change in Benefit Obligation:
Benefit obligation - beginning of year	(640.5)	(649.4)
Service cost	(3.0)	(0.5)	$ (0.7)
Interest cost	(19.6)	(20.7)	(28.6)
Actuarial gain (loss)	(22.3)	(21.6)
Curtailment gain	3.3	0.0
Other pension settlements	3.6	0.0
Benefits paid	43.2	42.8
Other	(18.4)	0.0
Contributions by plan participants	(0.7)	0.0
Foreign currency translation adjustments	(7.0)	8.9
Benefit obligation - end of year	(661.4)	(640.5)	(649.4)
Change in Plan Assets:
Fair value of plan assets - beginning of year	464.0	473.9
Actual return on plan assets	53.5	35.8
Employer contributions	7.6	7.3
Other pension settlements	(3.6)	0.0
Benefits paid	43.2	42.8
Other	(11.6)
Contributions by plan participant	0.7
Foreign currency translation adjustments	6.6	(10.2)
Fair value of plan assets - end of year	497.2	464.0	473.9
Total liability	(164.2)	(176.5)
Other Post-Retirement Benefit Plans [Member]
Change in Benefit Obligation:
Benefit obligation - beginning of year	(13.4)	(13.0)
Service cost	0.0	0.0	0.0
Interest cost	(0.4)	(0.4)	(0.5)
Actuarial gain (loss)	(1.1)	(1.0)
Curtailment gain	0.0	0.0
Other pension settlements	0.0	0.0
Benefits paid	0.9	1.0
Other	0.0	0.0
Contributions by plan participants	0.0	0.0
Foreign currency translation adjustments	0.0	0.0
Benefit obligation - end of year	(14.0)	(13.4)	(13.0)
Change in Plan Assets:
Fair value of plan assets - beginning of year	0.0	0.0
Actual return on plan assets	0.0	0.0
Employer contributions	0.9	1.0
Other pension settlements	0.0	0.0
Benefits paid	0.9	1.0
Foreign currency translation adjustments	0.0	0.0
Fair value of plan assets - end of year	0.0	0.0	$ 0.0
Total liability	$ (14.0)	$ (13.4)

PENSION AND POST-RETIREMENT BENEFITS - Summary of Amounts Recognized in Respect to Pension Plans and Other Post-retirement Benefit Plans (Details) - USD ($)
$ in Millions

Dec. 31, 2017

Dec. 31, 2016

Defined Benefit Plan Disclosure [Line Items]

Other Assets

$ 118.4

$ 103.5

^[1]

Pension and other post-retirement benefit liabilities

(412.8)

(382.9)

^[1]

(172.8)

(184.1)

^[1]

Accumulated other comprehensive loss, gross

257.7

Income tax (benefit) expense

(44.2)

Portion allocated to Revlon Holdings

(1.1)

Accumulated other comprehensive loss, net

212.4

Pension Plans [Member]

Defined Benefit Plan Disclosure [Line Items]

Other Assets

1.5

0.0

Pension and other post-retirement benefit liabilities

(6.2)

(6.1)

(159.5)

(170.4)

Total liability

(164.2)

(176.5)

Accumulated other comprehensive loss, gross

253.2

266.6

Income tax (benefit) expense

(43.3)

(44.3)

Portion allocated to Revlon Holdings

(0.9)

Accumulated other comprehensive loss, net

209.0

221.4

Other Post-Retirement Benefit Plans [Member]

Defined Benefit Plan Disclosure [Line Items]

Other Assets

0.0

Pension and other post-retirement benefit liabilities

(0.7)

(0.8)

(13.3)

(12.6)

Total liability

(14.0)

(13.4)

Accumulated other comprehensive loss, gross

4.5

3.6

Income tax (benefit) expense

(0.9)

(0.4)

Portion allocated to Revlon Holdings

(0.2)

Accumulated other comprehensive loss, net

$ 3.4

$ 3.0

[1]	Adjusted as a result of the adoption of certain accounting pronouncements as of December 31, 2017. See Note 1, "Description of Business and Summaryof Significant Accounting Policies - Recently Adopted Accounting Pronouncements," for details of these adjustments.

PENSION AND POST-RETIREMENT BENEFITS - Projected Benefit Obligation, Accumulated Benefit Obligation, and Fair Value of Plan Assets (Details) - USD ($) $ in Millions	Dec. 31, 2017	Dec. 31, 2016
Retirement Benefits [Abstract]
Projected benefit obligation	$ 661.4	$ 640.5
Accumulated benefit obligation	661.1	640.2
Fair value of plan assets	$ 497.2	$ 464.0

PENSION AND POST-RETIREMENT BENEFITS - Components of Net Periodic Benefit Costs (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Net periodic benefit (income) costs:
Curtailment gain	$ 20.7
Net periodic benefit (income) costs		$ 1.5	$ (0.6)	$ 18.8
Pension Plans [Member]
Net periodic benefit (income) costs:
Service cost		3.0	0.5	0.7
Interest cost		19.6	20.7	28.6
Expected return on plan assets		(28.6)	(31.0)	(40.3)
Amortization of actuarial loss		9.5	8.8	8.4
Lump sum settlement charge		0.0	0.0	20.7
Curtailment gain		(2.6)	0.0	0.0
Other pension settlements charge		0.0	0.0	0.3
Net periodic benefit (income) costs, before allocation		0.9	(1.0)	18.4
Portion allocated to Revlon Holdings		(0.1)	(0.1)	(0.1)
Net periodic benefit (income) costs		0.8	(1.1)	18.3
Other Post-Retirement Benefit Plans [Member]
Net periodic benefit (income) costs:
Service cost		0.0	0.0	0.0
Interest cost		0.4	0.4	0.5
Expected return on plan assets		0.0	0.0	0.0
Amortization of actuarial loss		0.3	0.2	0.1
Lump sum settlement charge		0.0	0.0	0.0
Curtailment gain		0.0	0.0	0.0
Other pension settlements charge		0.0	0.0	0.0
Net periodic benefit (income) costs, before allocation		0.7	0.6	0.6
Portion allocated to Revlon Holdings		0.0	(0.1)	(0.1)
Net periodic benefit (income) costs		$ 0.7	$ 0.5	$ 0.5

PENSION AND POST-RETIREMENT BENEFITS - Classification of Net Periodic Pension (Income) Costs (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net periodic benefit (income) costs	$ 1.5	$ (0.6)	$ 18.8
Cost of Sales [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net periodic benefit (income) costs	(1.0)	(2.5)
SG&A Expenses [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net periodic benefit (income) costs	$ 2.5	$ 1.9

PENSION AND POST-RETIREMENT BENEFITS - Summary of Unrecognized Components of Net Periodic Benefit Cost (Details) - USD ($) $ in Millions	Dec. 31, 2017	Dec. 31, 2016
Defined Benefit Plan Disclosure [Line Items]
Net actuarial loss	$ 257.7
Accumulated Other Comprehensive Loss, Gross	257.7
Income tax (benefit) expense	(44.2)
Portion allocated to Revlon Holdings	(1.1)
Accumulated other comprehensive loss, net	212.4
Pension Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Net actuarial loss	253.2
Accumulated Other Comprehensive Loss, Gross	253.2	$ 266.6
Income tax (benefit) expense	(43.3)	(44.3)
Portion allocated to Revlon Holdings	(0.9)	(0.9)
Accumulated other comprehensive loss, net	209.0	221.4
Other Post-Retirement Benefit Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Net actuarial loss	4.5
Accumulated Other Comprehensive Loss, Gross	4.5	3.6
Income tax (benefit) expense	(0.9)	(0.4)
Portion allocated to Revlon Holdings	(0.2)	(0.2)
Accumulated other comprehensive loss, net	$ 3.4	$ 3.0

PENSION AND POST-RETIREMENT BENEFITS - Weighted-average Assumptions Used to Determine Projected Benefit Obligation for Current Year (Details)	Dec. 31, 2017	Dec. 31, 2016
United States
Defined Benefit Plan Disclosure [Line Items]
Discount rate	3.47%	3.92%
Rate of future compensation increases	3.50%	3.50%
Foreign Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Discount rate	2.19%	2.66%
Rate of future compensation increases	1.75%	2.20%

PENSION AND POST-RETIREMENT BENEFITS - Weighted-average Assumptions Used to Determine Net Periodic Benefit Cost (Details)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
United States
Defined Benefit Plan Disclosure [Line Items]
Discount rate	3.92%	4.15%	3.89%
Expected long-term return on plan assets	6.50%	7.00%	7.50%
Rate of future compensation increases	3.50%	3.50%	3.50%
Foreign Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Discount rate	2.24%	3.68%	3.74%
Expected long-term return on plan assets	4.81%	6.00%	6.00%
Rate of future compensation increases	2.01%	2.22%	2.33%

PENSION AND POST-RETIREMENT BENEFITS - Weighted Average Risk Target Ranges Per Asset Class (Details)	Dec. 31, 2017
United States \| Minimum \| Common and preferred stock [Member]
Defined Benefit Plan Disclosure [Line Items]
Target ranges	0.00%
United States \| Minimum \| Mutual funds [Member]
Defined Benefit Plan Disclosure [Line Items]
Target ranges	20.00%
United States \| Minimum \| Fixed income securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Target ranges	10.00%
United States \| Minimum \| Common and collective funds [Member]
Defined Benefit Plan Disclosure [Line Items]
Target ranges	30.00%
United States \| Minimum \| Hedge funds [Member]
Defined Benefit Plan Disclosure [Line Items]
Target ranges	5.00%
United States \| Minimum \| Cash and other investments [Member]
Defined Benefit Plan Disclosure [Line Items]
Target ranges	0.00%
United States \| Maximum \| Common and preferred stock [Member]
Defined Benefit Plan Disclosure [Line Items]
Target ranges	10.00%
United States \| Maximum \| Mutual funds [Member]
Defined Benefit Plan Disclosure [Line Items]
Target ranges	30.00%
United States \| Maximum \| Fixed income securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Target ranges	20.00%
United States \| Maximum \| Common and collective funds [Member]
Defined Benefit Plan Disclosure [Line Items]
Target ranges	50.00%
United States \| Maximum \| Hedge funds [Member]
Defined Benefit Plan Disclosure [Line Items]
Target ranges	15.00%
United States \| Maximum \| Cash and other investments [Member]
Defined Benefit Plan Disclosure [Line Items]
Target ranges	10.00%
Foreign Plan [Member] \| Common and preferred stock [Member]
Defined Benefit Plan Disclosure [Line Items]
Target ranges	0.00%
Foreign Plan [Member] \| Mutual funds [Member]
Defined Benefit Plan Disclosure [Line Items]
Target ranges	0.00%
Foreign Plan [Member] \| Fixed income securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Target ranges	0.00%
Foreign Plan [Member] \| Common and collective funds [Member]
Defined Benefit Plan Disclosure [Line Items]
Target ranges	100.00%
Foreign Plan [Member] \| Hedge funds [Member]
Defined Benefit Plan Disclosure [Line Items]
Target ranges	0.00%
Foreign Plan [Member] \| Cash and other investments [Member]
Defined Benefit Plan Disclosure [Line Items]
Target ranges	0.00%

PENSION AND POST-RETIREMENT BENEFITS - Fair Value of Pension Plan Assets (Details) - USD ($) $ in Millions	Dec. 31, 2017	Dec. 31, 2016
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	$ 497.2	$ 464.0
United States
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	413.6	400.5
Foreign Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	$ 83.6	$ 63.5

PENSION AND POST-RETIREMENT BENEFITS - Estimated Future Benefit Payments (Details) $ in Millions	Dec. 31, 2017 USD ($)
Pension Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
2018	$ 46.9
2019	43.6
2020	45.3
2021	42.7
2022	43.0
Years 2023 to 2027	202.6
Other Post-Retirement Benefit Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
2018	1.2
2019	1.2
2020	1.2
2021	1.2
2022	1.2
Years 2023 to 2027	$ 5.1

PENSION AND POST-RETIREMENT BENEFITS - Additional Information (Details) $ in Millions	1 Months Ended				3 Months Ended	12 Months Ended
	Jan. 31, 2018 USD ($)	Jan. 31, 2017 USD ($)	Jan. 31, 2016 USD ($)	Dec. 31, 2015 USD ($)	Dec. 31, 2015 USD ($)	Dec. 31, 2017 USD ($)	Dec. 31, 2016 USD ($)	Dec. 31, 2015 USD ($)	Dec. 31, 2012 plan
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Number of qualified defined benefit pension plans \| plan									2
Curtailment gain					$ 20.7
Net periodic benefit (income) costs						$ 1.5	$ (0.6)	$ 18.8
Estimated contributions in next fiscal year						10.0
Pension Plans [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Pension Lump sum settlement				$ 53.4
Curtailment gain						(2.6)	0.0	0.0
Net periodic benefit (income) costs						0.8	(1.1)	18.3
Actuarial losses and prior service costs expected to be recognized in net periodic benefit cost during next fiscal year						9.0
Employer contributions						7.6	7.3
Other Post-Retirement Benefit Plans [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Curtailment gain						0.0	0.0	0.0
Net periodic benefit (income) costs						0.7	0.5	0.5
Actuarial losses and prior service costs expected to be recognized in net periodic benefit cost during next fiscal year						0.4
Employer contributions						$ 0.9	1.0
Savings Plan [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Company matching contribution percent						50.00%
Percent of eligible compensation Company matches						6.00%
Employer matching cash contributions						$ 3.0	2.6	2.5
Employer discretionary profit sharing contributions						5.1	5.0	4.8
Employer discretionary profit sharing contributions paid		$ 1.1	$ 1.1			$ 4.0	3.9	$ 3.7
Employer discretionary profit sharing contributions, percentage of employee gross pay		3.00%				3.00%		3.00%
Savings Plan [Member] \| Subsequent Event [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Employer discretionary profit sharing contributions paid	$ 1.1
Savings Plan [Member] \| Non Highly Compensated Participants [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Employee maximum contribution as a percent of eligible compensation						25.00%
Savings Plan [Member] \| Highly Compensated Participants [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Employee maximum contribution as a percent of eligible compensation						8.00%
Elizabeth Arden Defined Contribution Plan [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Employer matching cash contributions						$ 2.5	0.8
Related Party Transaction, Pension Plan Liabilities [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Receivables from affiliates						2.6	2.7
Cost of Sales [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Curtailment gain								$ (10.3)
Net periodic benefit (income) costs						(1.0)	(2.5)
Selling, General and Administrative Expenses [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Curtailment gain								$ (10.4)
Net periodic benefit (income) costs						$ 2.5	$ 1.9

STOCK COMPENSATION PLAN - Stock Option, and Restricted Stock and Restricted Stock Unit Activity (Details) - $ / shares	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Shares withheld for withholding taxes (in shares)	89,620	92,092	82,740
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Restricted Stock, Outstanding, beginning of period (in shares)	411,000	764,800	773,400
Restricted Stock, Granted (in shares)	853,111	125,540	220,635
Restricted Stock, Vested (in shares)	(216,000)	(221,700)	(171,700)
Restricted Stock, Forfeited (in shares)	(253,100)	(257,600)	(57,500)
Restricted Stock, Outstanding, end of period (in shares)	795,000	411,000	764,800
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Weighted Average Grant Date Fair Value, Outstanding, beginning of period (in dollars per share)	$ 30.78	$ 30.39	$ 30.37
Weighted Average Grant Date Fair Value, Granted (in dollars per share)	30.94	31.86	29.46
Weighted Average Grant Date Fair Value, Vested (in dollars per share)	32.63	29.51	29.09
Weighted Average Grant Date Fair Value, Forfeited (in dollars per share)	32.60	31.05	30.44
Weighted Average Grant Date Fair Value, Outstanding, end of period (in dollars per share)	$ 29.87	$ 30.78	$ 30.39

STOCK COMPENSATION PLAN - Additional Information (Details) - USD ($)			1 Months Ended	9 Months Ended	12 Months Ended
	Apr. 17, 2017	Apr. 15, 2017	Jul. 31, 2014	Sep. 30, 2016	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	Apr. 15, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares reserved for issuance (in shares)					6,565,000
Shares remaining available for grants (in shares)					3,400,000
Term of plan			7 years
Share based payment award options vesting period range start					1 year
Share based payment award options vesting period range end					4 years
Options exercisable (in shares)					0	0	0
Closing price (usd per share)					$ 26.00			$ 36.97
Shares withheld for withholding taxes (in shares)					89,620	92,092	82,740
Segment reconciling items
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense				$ 6,400,000	$ 6,800,000	$ 6,400,000	$ 5,100,000
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based payment award period range start					2 years
Share based payment award period range end					5 years
Restricted stock granted (in shares)					853,111	125,540	220,635
Fair value of restricted stock and restricted stock units vested					$ 7,000,000	$ 6,500,000
Deferred stock-based compensation related to restricted stock awards					19,400,000
Weighted average remaining contractual terms						3 years 3 months
Chief Executive Officer [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period		5 years
Shares withheld for withholding taxes (in shares)		30,197
Chief Executive Officer [Member] \| Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock granted (in shares)		270,489
Common stock equivalent value to shares granted		$ 10,000,000
Chief Financial Officer [Member] \| Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock equivalent value to shares granted					$ 5,000,000
Chief Operating Officer [Member] \| Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock granted (in shares)	192,307
First Anniversary [Member] \| Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period					2 years	3 years	4 years
First Anniversary [Member] \| Chief Executive Officer [Member] \| Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting percentage		20.00%
First Anniversary [Member] \| Chief Operating Officer [Member] \| Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting percentage	20.00%
Second Anniversary [Member] \| Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period					5 years	4 years	5 years
Second Anniversary [Member] \| Chief Executive Officer [Member] \| Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting percentage		20.00%
Second Anniversary [Member] \| Chief Operating Officer [Member] \| Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting percentage	20.00%
Third Anniversary [Member] \| Chief Executive Officer [Member] \| Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting percentage		20.00%
Third Anniversary [Member] \| Chief Operating Officer [Member] \| Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting percentage	20.00%
Fourth Anniversary [Member] \| Chief Executive Officer [Member] \| Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting percentage		20.00%
Fourth Anniversary [Member] \| Chief Operating Officer [Member] \| Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting percentage	20.00%
Fifth Anniversary [Member] \| Chief Executive Officer [Member] \| Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting percentage		20.00%
Fifth Anniversary [Member] \| Chief Operating Officer [Member] \| Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting percentage	20.00%
Class A Common Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award requisite service period					7 years

INCOME TAXES - Income Before Income Taxes and Provision for Income Taxes (Details) - USD ($)
$ in Millions

3 Months Ended

12 Months Ended

Dec. 31, 2017

Dec. 31, 2016

Dec. 31, 2015

Income (loss) from continuing operations before income taxes:

United States

$ (190.7)

$ 4.2

$ 114.4

(Loss) income from continuing operations before income taxes

27.2

4.3

(3.7)

(163.5)

8.5

110.7

Provision for (benefit from) income taxes:

United States federal

7.0

7.6

37.7

State and local

9.0

2.3

16.9

Provision for income taxes

5.8

15.6

(3.2)

$ 59.6

21.8

25.5

51.4

Current:

United States federal

(20.2)

9.0

(2.7)

State and local

1.9

2.5

4.1

Current income tax expense (benefit)

17.5

20.2

21.7

(0.8)

31.7

23.1

Deferred:

United States federal

27.2

(1.4)

40.4

State and local

7.1

(0.2)

12.8

Provision for deferred income taxes

(11.7)

(4.6)

(24.9)

$ 22.6

$ (6.2)

^[1]

$ 28.3

^[1]

[1]	Adjusted as a result of the adoption of certain accounting pronouncements beginning on January 1, 2017. See Note 1, "Description of Business and Summaryof Significant Accounting Policies - Recently Adopted Accounting Pronouncements," for details of these adjustments.

INCOME TAXES - Reconciliation of Tax Expense to Statutory Federal Income Tax Rate (Details) - USD ($) $ in Millions	1 Months Ended		3 Months Ended	12 Months Ended
	Dec. 31, 2017	Jan. 31, 2017	Dec. 31, 2017	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Income Tax Disclosure [Abstract]
Computed income tax expense				$ (57.2)	$ 3.0	$ 38.8
State and local taxes, net of U.S. federal income tax benefit				6.1	1.8	11.1
Foreign and U.S. tax effects attributable to operations outside the U.S.				(6.5)	3.1	13.6
Net establishment (release) of valuation allowance				(1.2)	2.0	(15.5)
Foreign dividends and earnings taxable in the U.S.				1.8	1.7	3.2
Impairment for which there is no tax benefit				0.4	8.9	0.0
Tax effect of basis reclassification				23.7	0.0	0.0
Impact of Tax Cuts and Jobs Act	$ 17.6	$ 30.3		47.9	0.0	0.0
Other				6.8	5.0	0.2
Provision for income taxes			$ 59.6	$ 21.8	$ 25.5	$ 51.4

INCOME TAXES - Deferred Taxes (Details) - USD ($) $ in Millions	Dec. 31, 2017	Dec. 31, 2016
Deferred tax assets:
Inventories	$ 21.2	$ 30.9
Net operating loss carryforwards - U.S.	161.0	140.4
Net operating loss carryforwards - foreign	47.0	50.5
Employee benefits	54.5	91.7
Sales related reserves	19.1	23.9
Foreign currency translation adjustment	10.3	9.9
Other	67.6	89.4
Total gross deferred tax assets	380.7	436.7
Less valuation allowance	(90.7)	(81.4)
Total deferred tax assets, net of valuation allowance	290.0	355.3
Deferred tax liabilities:
Plant, equipment and other assets	(21.7)	(26.0)
Intangibles	(95.0)	(132.4)
Other	(36.0)	(57.6)
Total gross deferred tax liabilities	(152.7)	(216.0)
Net deferred tax assets	$ 137.3	$ 139.3

INCOME TAXES - Unrecognized Tax Benefits (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued [Abstract]
Beginning Balance	$ 10.6	$ 10.3
Increase based on tax positions taken in a prior year	1.5	1.5
Decrease based on tax positions taken in a prior year	(1.5)	(0.1)
Increase based on tax positions taken in the current year	0.2	0.2
Decrease resulting from the lapse of statutes of limitations	(1.8)	(1.3)
Ending Balance	9.0	10.6
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Beginning balance	93.3	65.0
Increase based on tax positions taken in a prior year	10.6	25.9
Decrease based on tax positions taken in a prior year	(21.1)	(1.3)
Increase based on tax positions taken in the current year	11.2	9.3
Decrease resulting from the lapse of statutes of limitations	(9.1)	(5.6)
Ending balance	84.9	93.3
Unrecognized Tax Benefit, Tax Portion [Abstract]
Beginning Balance	82.7	54.7
Increase based on tax positions taken in a prior year	9.1	24.4
Decrease based on tax positions taken in a prior year	(19.6)	(1.2)
Increase based on tax positions taken in the current year	11.0	9.1
Decrease resulting from the lapse of statutes of limitations	(7.3)	(4.3)
Ending Balance	$ 75.9	$ 82.7

INCOME TAXES - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Income Tax Disclosure [Line Items]
Accrued interest and penalties expense (benefit)	$ (1.6)	$ 0.3	$ 1.0
Undistributed earnings of foreign subsidiaries	353.7
Deferred tax valuation allowance increase (decrease)	9.3	34.3
Tax loss carryforwards	727.9
Tax loss carryforwards - expiring 2018	0.1
Tax loss carryforwards - expiring 2019	1.2
Tax loss carryforwards - expiring 2020	1.0
Tax loss carryforwards - expiring 2021 and beyond	533.4
Tax loss carryforwards - unlimited	192.2
Unrecognized tax benefits	84.9	93.3	65.0
Income tax penalties and interest accrued	9.0	$ 10.6	$ 10.3
Unrecognized tax benefits that would Iimpact effective tax rate	48.4
Tax deferred expense	36.5
Increase in unrecognized tax benefits is reasonably possible	6.4
Foreign [Member]
Income Tax Disclosure [Line Items]
Tax loss carryforwards	208.6
Domestic [Member]
Income Tax Disclosure [Line Items]
Tax loss carryforwards	519.3
Tax Payment [Member]
Income Tax Disclosure [Line Items]
Due to related parties	2.8
Due to related parties, noncurrent	$ 0.9

ACCUMULATED OTHER COMPREHENSIVE LOSS - Components of Accumulated Other Comprehensive Loss (Details) - USD ($)
$ in Millions

12 Months Ended

Dec. 31, 2017

Dec. 31, 2016

Dec. 31, 2015

Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]

$ (614.8)

^[1]

$ (587.5)

$ (644.1)

^[2]

23.3

(6.4)

(2.1)

Accumulated Other Comprehensive Loss

(770.4)

(614.8)

^[1]

(587.5)

Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]

(251.7)

(245.3)

(243.2)

^[2]

23.3

(6.4)

(2.1)

Foreign Currency Translation

(228.4)

(251.7)

(245.3)

Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]

(24.0)

(23.5)

(5.4)

9.0

(0.5)

(18.1)

Other comprehensive income (loss), tax benefit (expense)

(15.0)

(24.0)

(23.5)

0.4

(1.1)

5.1

Actuarial (Loss) Gain on Post-retirement Benefits

Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]

(224.4)

(217.7)

(235.6)

12.0

(6.7)

17.6

Actuarial (Loss) Gain on Post-retirement Benefits - Amortization of pension related costs

(212.4)

(224.4)

(217.7)

Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]

Other comprehensive income (loss), tax benefit (expense)

8.1

7.6

7.2

(1.6)

(1.3)

Actuarial (Loss) Gain on Post-retirement Benefits - Net gain (loss)

Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]

Other comprehensive income (loss), tax benefit (expense)

1.8

(14.3)

(6.9)

0.3

4.1

3.3

Accumulated Defined Benefit Plans Adjustment, Settlement Attributable to Parent

Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]

Other comprehensive income (loss), tax benefit (expense)

17.3

(3.7)

Deferred Gain (Loss) - Hedging

Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]

(3.0)

(3.8)

(2.2)

2.3

0.8

(1.6)

Other comprehensive income (loss), tax benefit (expense)

(0.7)

(3.0)

(3.8)

(0.5)

1.0

Deferred Gain (Loss) - Hedging - amortization of deferred gains (losses) related to the de-designated 2013 Interest Rate Swap

Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]

Other comprehensive income (loss), tax benefit (expense)

2.3

1.4

Accumulated Defined Benefit Plans Adjustment, Curtailment Gain Attributable to Parent

Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]

Other comprehensive income (loss), tax benefit (expense)

2.1

(0.3)

Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]

(0.3)

0.0

Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]

$ (0.3)

[1]	Adjusted as a result of the adoption of certain accounting pronouncements as of December 31, 2017. See Note 1, "Description of Business and Summaryof Significant Accounting Policies - Recently Adopted Accounting Pronouncements," for details of these adjustments.
[2]	See Note 17, "Accumulated Other Comprehensive Loss," regarding the changes in the accumulated balances for each component of other comprehensive loss during 2017, 2016 and 2015.

ACCUMULATED OTHER COMPREHENSIVE LOSS - Reclassification out of Accumulated Comprehensive Loss (Details) - USD ($)
$ in Millions

12 Months Ended

Dec. 31, 2017

Dec. 31, 2016

$ (614.8)

^[1]

$ (587.5)

Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]

(770.4)

(614.8)

^[1]

Deferred gain - hedging

(3.0)

(3.8)

Deferred gain - hedging | Interest rate swap

(0.7)

(3.0)

Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]

(3.0)

(3.8)

Deferred gain - hedging | Interest rate swap | Reclassification out of Accumulated Other Comprehensive Income (Loss)

0.7

(3.0)

Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]

Change in fair value, net of tax

(1.9)

Other Comprehensive Income (Loss), Tax [Abstract]

Change in fair value - tax expense (benefit)

1.1

Deferred gain - hedging | Interest rate swap | Interest Expense | Reclassification out of Accumulated Other Comprehensive Income (Loss)

Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]

Reclassifications into earnings, net of tax

2.3

2.7

Other Comprehensive Income (Loss), Tax [Abstract]

Reclassifications into earnings - tax expense (benefit)

$ 1.4

$ (1.6)

[1]	Adjusted as a result of the adoption of certain accounting pronouncements as of December 31, 2017. See Note 1, "Description of Business and Summaryof Significant Accounting Policies - Recently Adopted Accounting Pronouncements," for details of these adjustments.

STOCKHOLDERS' DEFICIENCY - Common and Treasury Stock Issued and/or Outstanding (Details) - shares	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Withholding of restricted stock to satisfy taxes	89,620	92,092	82,740
Common Stock \| Class A Common Stock
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	53,956,073	54,088,174	53,925,029
Restricted stock grants	853,111	125,540	220,635
Restricted stock forfeitures	(253,084)	(257,641)	(57,490)
Withholding of restricted stock to satisfy taxes	0	0	0
Treasury stock repurchased		0
Ending balance	54,556,100	53,956,073	54,088,174
Treasury Stock
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	1,024,908	859,921	777,181
Restricted stock grants	0	0	0
Restricted stock forfeitures	0	0	0
Withholding of restricted stock to satisfy taxes	89,620	92,092	82,740
Treasury stock repurchased		72,895
Ending balance	1,114,528	1,024,908	859,921
Treasury Stock \| Class A Common Stock
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Withholding of restricted stock to satisfy taxes		92,092	82,740

STOCKHOLDERS' DEFICIENCY - Additional Information (Details) - USD ($)
$ / shares in Units, $ in Millions

12 Months Ended

Apr. 21, 2016

Dec. 31, 2017

Dec. 31, 2016

Dec. 31, 2015

89,620

92,092

82,740

Shares withheld for withholding taxes

$ 34.83

$ 2.5

$ 3.2

$ 2.8

^[1]

$ 2.7

Treasury Stock

89,620

92,092

82,740

^[1]

$ 2.7

Class A Common Stock

Common Stock, authorized (in shares)

900,000,000

Common Stock, par value (in dollars per share)

$ 0.01

Percentage ownership of outstanding common stock

85.00%

Class A Common Stock | Treasury Stock

92,092

82,740

Shares repurchased (in shares)

$ 36.83

$ 27.67

$ 34.83

$ 34.40

72,895

$ 2.7

Class B Common Stock

Common Stock, authorized (in shares)

200,000,000

[1]

SEGMENT DATA AND RELATED INFORMATION - Net Sales and Segment Profit (Details) - USD ($)
$ in Millions

3 Months Ended

9 Months Ended

12 Months Ended

Dec. 31, 2017

Sep. 30, 2017

Jun. 30, 2017

Mar. 31, 2017

Dec. 31, 2016

Sep. 30, 2016

Jun. 30, 2016

Mar. 31, 2016

Sep. 30, 2016

Dec. 31, 2017

Dec. 31, 2016

Dec. 31, 2015

$ 786.6

$ 666.5

$ 645.7

$ 594.9

$ 800.7

$ 604.8

$ 488.9

$ 439.6

$ 2,693.7

$ 2,334.0

$ 1,914.3

Depreciation and amortization

(22.3)

155.3

215.8

155.8

123.2

^[1]

103.2

^[1]

Restructuring and related charges

33.4

34.0

10.5

$ 12.7

52.9

43.2

8.0

Amortization of debt issuance costs

10.8

23.4

^[1]

9.7

^[1]

Interest expense

149.8

105.2

83.3

9.1

6.8

^[1]

5.7

^[1]

Foreign currency (gains) losses, net

0.0

16.9

^[1]

0.0

^[1]

(18.5)

18.5

15.7

Miscellaneous, net

0.8

(0.6)

0.4

(Loss) income from continuing operations before income taxes

(163.5)

8.5

110.7

Operating segments

2,693.7

2,334.0

1,914.3

405.0

514.1

465.5

Corporate

Unallocated corporate expenses

146.2

98.8

88.0

Segment reconciling items

Depreciation and amortization

155.8

123.2

103.2

Non-cash stock compensation expense

$ 6.4

6.8

6.4

5.1

Restructuring and related charges

34.5

36.8

11.6

Inventory purchase accounting adjustment, cost of sales

43.2

8.0

0.0

0.2

0.9

Pension lump-sum settlement

0.0

20.7

Consumer | Operating segments

10.8

23.4

9.7

Deferred compensation

2.0

3.5

2.5

1,288.5

1,389.8

1,414.8

Elizabeth Arden | Operating segments

239.6

349.2

360.2

952.5

441.4

0.0

Professional | Operating segments

114.2

68.2

0.0

432.2

476.5

471.1

Other | Operating segments

54.9

99.4

103.9

20.5

26.3

28.4

(3.7)

(2.7)

1.4

Elizabeth Arden

Elizabeth Arden | Segment reconciling items

50.0

Elizabeth Arden 2016 Business Transformation Program

1.1

2.6

0.0

Inventory purchase accounting adjustment, cost of sales

$ 17.2

$ 20.7

$ 0.0

[1]	Adjusted as a result of the adoption of certain accounting pronouncements beginning on January 1, 2017. See Note 1, "Description of Business and Summaryof Significant Accounting Policies - Recently Adopted Accounting Pronouncements," for details of these adjustments.

SEGMENT DATA AND RELATED INFORMATION - Additional Information (Details) - country	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
International
Segment Reporting Information [Line Items]
Number of countries in which entity operates	27
Customer Concentration Risk \| Walmart \| Sales Revenue, Net
Segment Reporting Information [Line Items]
Concentration risk percentage	16.00%	17.00%	18.00%

SEGMENT DATA AND RELATED INFORMATION - Schedule of Net Sales and Long-Lived Assets by Geographic Area (Details) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	$ 786.6	$ 666.5	$ 645.7	$ 594.9	$ 800.7	$ 604.8	$ 488.9	$ 439.6	$ 2,693.7	$ 2,334.0	$ 1,914.3
Long-lived assets, net	1,775.7				1,749.7				1,775.7	1,749.7
United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales									$ 1,315.1	$ 1,290.2	$ 1,058.7
Percentage of net sales by geographic location (percent)									49.00%	55.00%	55.00%
Long-lived assets, net	$ 1,480.1				$ 1,494.3				$ 1,480.1	$ 1,494.3
Percentage of long-lived assets, net by geographic location (percent)	83.00%				85.00%				83.00%	85.00%
International
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales									$ 1,378.6	$ 1,043.8	$ 855.6
Percentage of net sales by geographic location (percent)									51.00%	45.00%	45.00%
Long-lived assets, net	$ 295.6				$ 255.4				$ 295.6	$ 255.4
Percentage of long-lived assets, net by geographic location (percent)	17.00%				15.00%				17.00%	15.00%

SEGMENT DATA AND RELATED INFORMATION - Schedule of Net Sales by Classes of Similar Products (Details) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Revenue from External Customer [Line Items]
Net sales	$ 786.6	$ 666.5	$ 645.7	$ 594.9	$ 800.7	$ 604.8	$ 488.9	$ 439.6	$ 2,693.7	$ 2,334.0	$ 1,914.3
Color cosmetics
Revenue from External Customer [Line Items]
Net sales									$ 955.3	$ 998.3	$ 1,022.4
Percentage of net sales by classes of similar products									35.00%	43.00%	53.00%
Fragrance
Revenue from External Customer [Line Items]
Net sales									$ 731.3	$ 408.4	$ 80.8
Percentage of net sales by classes of similar products									27.00%	17.00%	4.00%
Hair care
Revenue from External Customer [Line Items]
Net sales									$ 517.3	$ 544.3	$ 522.1
Percentage of net sales by classes of similar products									19.00%	23.00%	27.00%
Beauty care
Revenue from External Customer [Line Items]
Net sales									$ 262.4	$ 294.4	$ 277.5
Percentage of net sales by classes of similar products									10.00%	13.00%	15.00%
Skin care
Revenue from External Customer [Line Items]
Net sales									$ 227.4	$ 88.6	$ 11.5
Percentage of net sales by classes of similar products									8.00%	4.00%	1.00%

BASIC AND DILUTED EARNINGS PER COMMON SHARE - Components of Basic and Diluted Earnings Per Share (Detail) - USD ($)
$ / shares in Units, $ in Millions

3 Months Ended

12 Months Ended

Dec. 31, 2017

Sep. 30, 2017

Jun. 30, 2017

Mar. 31, 2017

Dec. 31, 2016

Sep. 30, 2016

Jun. 30, 2016

Mar. 31, 2016

Dec. 31, 2017

Dec. 31, 2016

Dec. 31, 2015

Numerator:

(Loss) income from continuing operations, net of taxes

$ (77.7)

$ (32.8)

$ (37.1)

$ (37.7)

$ (33.9)

$ (4.5)

$ 10.8

$ 10.6

$ (185.3)

$ (17.0)

$ 59.3

Income (loss) from discontinued operations, net of taxes

0.8

0.4

0.6

0.3

(2.6)

(0.2)

(2.5)

0.4

2.1

(4.9)

(3.2)

Weighted average common shares outstanding - Basic (shares)

$ (76.9)

$ (32.4)

$ (36.5)

$ (37.4)

$ (36.5)

$ (4.7)

$ 8.3

$ 11.0

$ (183.2)

$ (21.9)

^[1]

$ 56.1

^[1]

Denominator:

52,597,582

52,504,196

52,431,193

Effect of dilutive restricted stock (shares)

160,352

Weighted average common shares outstanding - Diluted (shares)

52,597,582

52,504,196

52,591,545

Basic (loss) earnings per common share:

$ (1.48)

$ (0.62)

$ (0.70)

$ (0.72)

$ (0.65)

$ (0.09)

$ 0.21

$ 0.20

$ (3.52)

$ (0.33)

$ 1.13

0.02

0.01

0.00

0.01

(0.05)

0.00

(0.05)

0.01

0.04

(0.09)

(0.06)

(1.46)

(0.61)

(0.70)

(0.71)

(0.70)

(0.09)

0.16

0.21

(3.48)

(0.42)

1.07

(1.48)

(0.62)

(0.70)

(0.72)

(0.65)

(0.09)

0.21

0.20

(3.52)

(0.33)

1.13

0.02

0.01

0.00

0.01

(0.05)

0.00

(0.05)

0.01

0.04

(0.09)

(0.06)

$ (1.46)

$ (0.61)

$ (0.70)

$ (0.71)

$ (0.70)

$ (0.09)

$ 0.16

$ 0.21

$ (3.48)

$ (0.42)

$ 1.07

Restricted Stock

Unvested restricted stock awards under the Stock Plan (shares)

20,804

109,481

[1]	Adjusted as a result of the adoption of certain accounting pronouncements beginning on January 1, 2017. See Note 1, "Description of Business and Summaryof Significant Accounting Policies - Recently Adopted Accounting Pronouncements," for details of these adjustments.

CONTINGENCIES - Schedule of Minimum Rental Commitments Under Noncancelable Leases (Details) $ in Millions	Dec. 31, 2017 USD ($)
Capital leases
Total	$ 2.9
2018	1.4
2019	0.9
2020	0.4
2021	0.1
2022	0.1
Thereafter	0.0
Operating leases
Total	245.4
2018	48.0
2019	39.3
2020	31.3
2021	27.1
2022	21.1
Thereafter	$ 78.6

RELATED PARTY TRANSACTIONS - Additional Information (Details) - USD ($)

1 Months Ended

12 Months Ended

Apr. 30, 2016

Oct. 31, 2013

Dec. 31, 2017

Dec. 31, 2016

Dec. 31, 2015

Dec. 31, 2009

Reimbursement Agreements termination notice period

90 days

Insurance program renewal period

5 years

Conversion ratio, outstanding principal amount per share of common stock (in usd per share)

$ 5.21

Number of days demand registration may be postponed

30 days

^[1]

$ 2,700,000

Receivable from related party

$ 34.83

Reimbursements [Member]

$ 300,000

$ 200,000

Reimbursements from related party

3,800,000

1,500,000

$ 2,100,000

Revlon Holdings [Member]

300,000

500,000

$ 300,000

Receivable from related party

200,000

Director [Member] | Transition and Separation Agreement [Member]

Consideration paid for canceling restricted shares

$ 36.83

$ 1,600,000

Restricted shares canceled (in shares)

65,703

Majority Shareholder [Member] | Related Party Expense, Coupon Redemptions [Member]

Majority Shareholder [Member] | Related Party Expense, Coupon Redemption Processing [Member]

27,500,000

40,900,000

Majority Shareholder [Member] | Related Party Expense, Other Fees (less than) [Member]

200,000

400,000

Percentage ownership of outstanding common stock

$ 500,000

$ 100,000

Class A Common Stock

85.00%

Stock issued upon conversion (in shares)

3,125,000

9,336,905

Class A Common Stock | Director [Member] | Transition and Separation Agreement [Member]

Shares repurchased (in shares)

72,895

2003 [Member] | Registration Rights Agreement [Member]

$ 2,700,000

Equity rights offering amount

$ 50,000,000

2006 [Member] | Registration Rights Agreement [Member]

Equity rights offering amount

110,000,000

2007 [Member] | Registration Rights Agreement [Member]

Equity rights offering amount

$ 100,000,000

Subsidiaries [Member]

Percentage ownership of capital stock

66.00%

[1]

QUARTERLY RESULTS OF OPERATIONS (Details) - USD ($)

3 Months Ended

12 Months Ended

Dec. 31, 2017

Sep. 30, 2017

Jun. 30, 2017

Mar. 31, 2017

Dec. 31, 2016

Sep. 30, 2016

Jun. 30, 2016

Mar. 31, 2016

Dec. 31, 2017

Dec. 31, 2016

Dec. 31, 2015

Quarterly Results Of Operations [Line Items]

(Loss) income from continuing operations, net of taxes

$ 786,600,000

$ 666,500,000

$ 645,700,000

$ 594,900,000

$ 800,700,000

$ 604,800,000

$ 488,900,000

$ 439,600,000

$ 2,693,700,000

$ 2,334,000,000

$ 1,914,300,000

Gross profit

458,900,000

376,200,000

377,500,000

329,800,000

452,400,000

361,400,000

317,400,000

285,700,000

1,542,400,000

1,416,900,000

1,246,500,000

(77,700,000)

(32,800,000)

(37,100,000)

(37,700,000)

(33,900,000)

(4,500,000)

10,800,000

10,600,000

(185,300,000)

(17,000,000)

59,300,000

Income (loss) from discontinued operations, net of taxes

800,000

400,000

600,000

300,000

(2,600,000)

(200,000)

(2,500,000)

400,000

2,100,000

(4,900,000)

(3,200,000)

Basic (loss) earnings per common share:

$ (76,900,000)

$ (32,400,000)

$ (36,500,000)

$ (37,400,000)

$ (36,500,000)

$ (4,700,000)

$ 8,300,000

$ 11,000,000

$ (183,200,000)

$ (21,900,000)

^[1]

$ 56,100,000

^[1]

$ (1.48)

$ (0.62)

$ (0.70)

$ (0.72)

$ (0.65)

$ (0.09)

$ 0.21

$ 0.20

$ (3.52)

$ (0.33)

$ 1.13

0.02

0.01

0.00

0.01

(0.05)

0.00

(0.05)

0.01

0.04

(0.09)

(0.06)

(1.46)

(0.61)

(0.70)

(0.71)

(0.70)

(0.09)

0.16

0.21

(3.48)

(0.42)

1.07

(1.48)

(0.62)

(0.70)

(0.72)

(0.65)

(0.09)

0.21

0.20

(3.52)

(0.33)

1.13

0.02

0.01

0.00

0.01

(0.05)

0.00

(0.05)

0.01

0.04

(0.09)

(0.06)

Provision for income taxes

$ (1.46)

$ (0.61)

$ (0.70)

$ (0.71)

$ (0.70)

$ (0.09)

$ 0.16

$ 0.21

$ (3.48)

$ (0.42)

$ 1.07

$ 59,600,000

$ 21,800,000

$ 25,500,000

$ 51,400,000

Restructuring charges and other, net

33,400,000

34,000,000

10,500,000

12,700,000

52,900,000

43,200,000

8,000,000

$ 10,800,000

16,700,000

EA Integration Restructuring Program

$ 6,700,000

$ 0

Restructuring charges and other, net

22,100,000

31,700,000

Other Reporting Unit [Member]