Accrued expenses and other current liabilities

420.3

170.2

Accounts payable

363.2

336.9

411.6

412.8

Total current liabilities

1,216.5

932.3

Long-term pension and other post-retirement plan liabilities

2,731.4

2,653.7

164.1

172.8

Other long-term liabilities

64.5

68.5

Stockholders’ deficiency:

Additional paid-in capital

1,054.8

1,040.0

Treasury stock, at cost: 1,533,320 and 1,114,528 shares of Class A Common Stock as of September 30, 2018 and December 31, 2017, respectively

(25.3)

(21.7)

Accumulated deficit

(1,784.7)

(1,560.8)

Accumulated other comprehensive loss

(233.5)

(228.4)

Total stockholders’ deficiency

(988.2)

(770.4)

Total liabilities and stockholders’ deficiency

3,188.3

3,056.9

Class A Common Stock

Stockholders’ deficiency:

Class A Common Stock, par value $0.01 per share: 900,000,000 shares authorized; 55,762,771 and 54,556,100 shares issued as of September 30, 2018 and December 31, 2017, respectively

$ 0.5

[1]	Includes $11.0 million of borrowings as of September 30, 2018 under the 2018 Senior Line of Credit Facility between Products Corporation and MacAndrews & Forbes Incorporated, a related party. See Note 7, "Long-term Debt," for more information.

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Millions	Sep. 30, 2018	Dec. 31, 2017
Allowance for doubtful accounts on trade receivables	$ 13.4	$ 13.5
Accumulated depreciation on property, plant and equipment	418.1	385.5
Accumulated amortization on intangible assets	$ 160.3	$ 130.9
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)	55,762,771	54,556,100
Treasury stock (in shares)	1,533,320	1,114,528
Unsecured Debt \| Revlon Consumer Products Corporation \| 2018 Senior Line of Credit
Line of credit facility, amount outstanding	$ 11.0

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

3 Months Ended

9 Months Ended

Sep. 30, 2018

Sep. 30, 2017

^[1]

Sep. 30, 2018

Sep. 30, 2017

^[1]

Income Statement [Abstract]

Selling, general and administrative expenses

$ 655.4

$ 666.5

$ 1,822.9

$ 1,907.1

Cost of sales

305.0

290.5

807.2

824.4

Gross profit

350.4

376.0

1,015.7

1,082.7

340.8

362.3

1,087.1

1,074.5

Acquisition and integration costs

3.4

12.7

12.0

40.2

Restructuring charges and other, net

3.9

6.4

13.9

11.3

Loss on disposal of minority investment

0.0

20.1

0.0

Operating income (loss)

2.3

(5.4)

(117.4)

(43.3)

Other expenses:

Interest expense

46.4

38.6

129.1

110.3

Foreign currency losses (gains)

3.8

2.3

9.1

6.8

1.1

(3.1)

10.7

(16.8)

Miscellaneous, net

0.4

0.6

1.8

Other expenses

51.7

38.2

149.5

102.1

Loss from continuing operations before income taxes

(49.4)

(43.6)

(266.9)

(145.4)

Benefit from income taxes

(38.7)

(10.8)

(43.1)

(37.8)

Loss from continuing operations, net of taxes

(10.7)

(32.8)

(223.8)

(107.6)

(Loss) income from discontinued operations, net of taxes

(0.4)

0.4

(0.1)

1.3

Net loss

(11.1)

(32.4)

(223.9)

(106.3)

Other comprehensive (loss) income:

Foreign currency translation adjustments, net of tax

^[2]

(4.9)

(1.2)

(12.3)

5.3

Amortization of pension related costs, net of tax

^[3],[4]

2.3

2.0

6.5

6.1

Pension curtailment gain, net of tax

0.0

^[5]

0.0

^[5]

0.0

^[6]

2.6

^[6]

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

^[5]

0.0

0.6

0.7

^[1]

1.8

Other comprehensive (loss) income, net

(2.6)

1.4

(5.1)

^[7]

15.8

Total comprehensive loss

$ (13.7)

$ (31.0)

$ (229.0)

$ (90.5)

Basic (loss) earnings per common share:

$ (0.20)

$ (0.62)

$ (4.24)

$ (2.04)

(0.01)

0.01

0.00

0.02

Diluted (loss) earnings per common share:

(0.21)

(0.61)

(4.24)

(2.02)

(0.20)

(0.62)

(4.24)

(2.04)

(0.01)

0.01

0.00

0.02

Weighted average number of common shares outstanding:

$ (0.21)

$ (0.61)

$ (4.24)

$ (2.02)

Basic (in shares)

52,834,879

52,615,412

52,777,883

52,584,954

Diluted (in shares)

52,834,879

52,615,412

52,777,883

52,584,954

[1]	Adjusted as a result of the adoption of certain accounting pronouncements during 2018. See Note 1, "Description of Business and Summary of Significant Accounting Policies - Recently Adopted Accounting Pronouncements," for details of these adjustments.
[2]	Net of tax benefit of nil and $0.2 million for the three months ended September 30, 2018 and 2017, respectively, and tax expense of nil and $1.5 million for the nine months ended September 30, 2018 and 2017, respectively.
[3]	Net of tax expense of $0.3 million and $0.4 million for the three months ended September 30, 2018 and 2017, respectively, and $0.8 million and $1.3 million for the nine months ended September 30, 2018 and 2017, respectively.
[4]	This amount is included in the computation of net periodic benefit costs (income). See Note 10, "Pension and Post-Retirement Benefits," for additional information regarding net periodic benefit costs (income).
[5]	Net of tax benefit of nil and $0.4 million for the three months ended September 30, 2018 and 2017, and $0.5 million and $1.1 million for the nine months ended September 30, 2018 and 2017, respectively.
[6]	Net of tax expense of $0.3 million for the nine months ended September 30, 2017.
[7]	See Note 12, "Accumulated Other Comprehensive Loss," regarding the changes in the accumulated balances for each component of other comprehensive loss during the nine months ended September 30, 2018.

UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE (LOSS) INCOME (Parenthetical) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Income Statement [Abstract]
Foreign currency translation adjustments, tax expense (benefit)	$ 0	$ 200,000	$ 0	$ 1,500,000
Amortization of pension related costs, tax expense (benefit)	300,000	400,000	800,000	1,300,000
Pension curtailment gain, tax expense (benefit)				300,000
Reclassification into earnings of accumulated losses from the de-designated 2013 Interest Rate Swap, tax expense (benefit)	$ 0	$ 400,000	$ 500,000	$ 1,100,000

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

3 Months Ended

9 Months Ended

Sep. 30, 2018

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

Treasury stock acquired, at cost

$ (770.4)

^[1]

(3.6)

Stock-based compensation amortization

14.8

Net (loss) income

$ (11.1)

(223.9)

Other comprehensive income (loss), net

(2.6)

(5.1)

^[2]

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

(988.2)

Common Stock

0.5

Additional Paid-In Capital

0.5

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

Stock-based compensation amortization

1,040.0

14.8

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

1,054.8

Treasury Stock

Treasury stock acquired, at cost

(21.7)

^[1]

(3.6)

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

(25.3)

Accumulated Deficit

(1,560.8)

Net (loss) income

(223.9)

Accumulated Other Comprehensive Loss

(1,784.7)

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

Other comprehensive income (loss), net

(228.4)

^[2]

(5.1)

CASH FLOWS FROM OPERATING ACTIVITIES:

$ (233.5)

[1]

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 167,297 shares of Revlon Class A Common Stock during the nine months ended September 30, 2018 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 $21.42 during the nine months ended September 30, 2018, 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 $3.6 million. See Note 15, "Stock Compensation Plan" to the Consolidated Financial Statements in Revlon's Annual Report on Form 10-K for the fiscal year ended December 31, 2017, filed with the SEC on March 15, 2018 (the "2017 Form 10-K"), for details regarding restricted stock awards under the Stock Plan.

[2]

See Note 12, "Accumulated Other Comprehensive Loss," regarding the changes in the accumulated balances for each component of other comprehensive loss during the nine months ended September 30, 2018.

UNAUDITED CONSOLIDATED STATEMENT OF STOCKHOLDERS' DEFICIENCY (Parenthetical) $ in Millions	9 Months Ended
	Sep. 30, 2018 USD ($) $ / shares shares
Shares withheld for withholding taxes (in shares) \| shares	167,297
Tax withholdings related to net share settlements of restricted stock units and awards \| $	$ 3.6
Treasury Stock \| Class A Common Stock
Share repurchase price (in usd per share) \| $ / shares	$ 21.42

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

9 Months Ended

Sep. 30, 2018

Sep. 30, 2017

Net loss

$ (223.9)

$ (106.3)

^[1]

Adjustments to reconcile net loss to net cash used in operating activities:

Depreciation and amortization

119.4

111.7

Foreign currency losses (gains) from re-measurement

10.7

(20.8)

Amortization of debt discount

0.9

Stock-based compensation amortization

14.8

5.9

Benefit from deferred income taxes

(61.5)

(53.2)

Non-cash loss on disposal of minority investment

9.1

6.8

^[1]

18.6

0.0

Loss on sale of certain assets

0.6

1.5

Pension and other post-retirement cost

2.0

1.9

Change in assets and liabilities:

Increase in trade receivables

(7.0)

(25.1)

Increase in inventories

(100.3)

(121.6)

Increase in prepaid expenses and other current assets

(60.5)

(13.1)

Increase in accounts payable

39.3

36.4

Decrease in accrued expenses and other current liabilities

(1.6)

(51.8)

Pension and other post-retirement plan contributions

(6.1)

(5.8)

Purchases of permanent displays

(57.0)

(37.3)

Other, net

5.8

(4.3)

Net cash used in operating activities

(296.7)

(274.2)

CASH FLOWS FROM INVESTING ACTIVITIES:

Capital expenditures

(41.6)

(69.5)

Net cash used in investing activities

(41.6)

(69.5)

CASH FLOWS FROM FINANCING ACTIVITIES:

Net increase in short-term borrowings and overdraft

2.3

1.2

Net borrowings under the 2016 Revolving Credit Facility

251.3

243.9

Net borrowings under the 2018 Foreign Asset-Based Term Loan

89.4

0.0

Repayments under the 2016 Term Loan Facility

(13.5)

Payment of financing costs

(9.4)

(1.1)

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

(3.6)

(2.5)

Other financing activities

0.1

(1.3)

Net cash provided by financing activities

316.6

226.7

Effect of exchange rate changes on cash, cash equivalents and restricted cash

(3.2)

9.4

Net decrease in cash, cash equivalents and restricted cash

(24.9)

(107.6)

Cash, cash equivalents and restricted cash at beginning of period (a)

^[2]

87.4

186.8

Cash, cash equivalents and restricted cash at end of period (a)

^[2]

62.5

79.2

Cash paid during the period for:

Interest

131.4

124.5

Income taxes, net of refunds

$ 11.7

$ 11.1

[1]	Adjusted as a result of the adoption of certain accounting pronouncements during 2018. See Note 1, "Description of Business and Summary of Significant Accounting Policies - Recently Adopted Accounting Pronouncements," for details of these adjustments.
[2]	These amounts include restricted cash of $0.7 million and $0.2 million as of September 30, 2018 and 2017, respectively, and $0.3 million and $0.4 million as of December 31, 2017 and 2016, respectively, which represent cash on deposit to support the Company's outstanding undrawn letters of credit and were included within other assets in the Company's consolidated balance sheets.

DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Sep. 30, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	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 that 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. Effective January 1, 2018, the Company implemented the brand-centric organizational structure previously announced in the Current Report on Form 8-K filed with the Securities and Exchange Commission ("SEC") on January 17, 2017. The new structure is built around four global brand teams: Revlon; Elizabeth Arden; Portfolio; and Fragrances, which represent the Company's four new reporting segments. As a result, prior period information for certain amounts has been reclassified to conform with the current period's presentation. For further information, refer to Note 13, "Segment Data and Related Information." The accompanying Consolidated Financial Statements are unaudited. In management's opinion, all adjustments necessary for a fair presentation of the Company's financial information have been made. The Unaudited 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 Unaudited 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 Unaudited Consolidated Financial Statements in the period they are determined to be necessary. Significant estimates made in the accompanying Unaudited 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; and 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. The Unaudited Consolidated Financial Statements should be read in conjunction with the audited consolidated financial statements and related notes contained in Revlon's 2017 Form 10-K. The Company's results of operations and financial position for interim periods are not necessarily indicative of those to be expected for the full year. Classification of Argentina's Economy as Highly Inflationary In May 2018, the International Practices Task Force of the Center for Audit Quality issued a discussion document reporting that Argentina's 3-year cumulative inflation rate exceeded 100%. As a result, Argentina was considered highly inflationary in accordance with U.S. GAAP by no later than June 30, 2018. Consequently, the Company began to account for the operations of its Argentinian affiliate as highly inflationary and treat the U.S. dollar as the functional currency of this affiliate, effective July 1, 2018. This change in functional currency did not have a material impact on the Company’s results of operations, financial condition and/or financial statement disclosures for the period ended September 30, 2018. Recent Transactions The Company, through a subsidiary, had a minority investment in a third party whose subsidiaries licensed certain brand names from the Company for use in their operations. The Company's investment was in the form of a collateralized convertible note, was accounted for using the cost method and was included in other assets on the Company's consolidated balance sheet. In June 2018, the Company entered into an agreement to terminate the arrangement with the unrelated third party. After a brief transition period, the right to use the licensed brand names will revert to the Company. As a result of this termination, the Company recognized a loss on investment of approximately $20.1 million during the nine months ended September 30, 2018, comprised of a one-time $1.5 million cash termination payment and non-cash charges of $18.6 million, primarily related to the write-off of the investment's carrying value. Recently Adopted Accounting Pronouncements Revenue Recognition In May 2014, the FASB issued Accounting Standards Update ("ASU") No. 2014-09, "Revenue from Contracts with Customers." This standard replaced most existing revenue recognition guidance in U.S. GAAP and codified guidance under FASB Topic 606. The underlying principle of this guidance 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 that the entity expects that it will be entitled to receive in exchange for those goods or services. The Company adopted ASU No. 2014-09 as of January 1, 2018 using the modified retrospective method. Results for the reporting period beginning after January 1, 2018 are presented under Topic 606, while prior period amounts continue to be reported in accordance with the Company's historic accounting practices under previous guidance. However, 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 FASB Topic 606 are consistent with the Company's revenue recognition policy under previous guidance. In accordance with the new guidance, the Company recognizes revenue at an amount that reflects the consideration that the Company expects that it will be entitled to receive in exchange for transferring goods or services to its customers. The Company's policy is to record revenue when control of the goods transfers to the customer. Net sales are comprised of gross revenues from sales of products 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. 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. For returned products that the Company expects to resell at a profit, the Company records, in addition to sales returns as a reduction to sales and cost of sales and an increase to accrued liabilities for the amount expected to be refunded to the customer, an increase to the asset account used to reflect the Company's right to recover products. The amount of the asset account is valued based upon the former carrying amount of the product (i.e., inventory), less any expected costs to recover the products. As the estimated product returns that are expected to be resold at a profit do not comprise a significant amount of the Company's net sales or assets, the Company does not separately report these amounts. The Company's revenues are also net of certain marketing arrangements with its retail customers. Pursuant to its trade terms with these retail customers, the Company reimburses them for a portion of their advertising costs, which provide advertising benefits to the Company. These arrangements are in the form of marketing development funds and/or cooperative advertising and are used by the Company to drive sales. The advertising programs follow an annual schedule of planned events that is continually updated based on the Company's needs and contractual terms. As these marketing expenditures cannot be directly linked to product sales, the Company records these expenses as a reduction of revenue at the higher of actual spend or estimated costs based on a reserve rate methodology. This did not result in any impact to the Company's financial statements in any of the periods presented. In limited instances when products are sold under consignment arrangements, the Company does not recognize revenue until control over such products has transferred to the end consumer. Other revenues, primarily royalties, do not comprise a material amount of the Company's net sales. The Company incurs costs associated with product distribution, such as freight and handling costs. The Company has elected to treat these costs as fulfillment activities and recognizes these costs at the same time that it recognizes the underlying product revenue. As this policy election is in line with the Company's previous accounting practices, the treatment of shipping and handling activities under FASB Topic 606 did not have any impact on the Company's results of operations, financial condition and/or financial statement disclosures. As a result, the adoption of the new guidance under ASU No. 2014-09 did not have a material impact on the Company's revenues, results of operations or financial condition. The Company has expanded its financial statement disclosures as required by this new standard. See Note 13, "Segment Data and Related Information," for additional disclosures provided as a result of this ASU. Other 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 items as other employee compensation costs arising from services rendered during the period. The other components of NPPC and NPPBC are to be presented separately from this line item and below any subtotal of operating income. In addition, only the service cost component would be eligible for capitalization in assets. The Company adopted ASU No. 2017-07 as of January 1, 2018 and while its adoption did not have a material impact on the Company's results of operations, financial condition and/or financial statement disclosures, it did result in net periodic benefit cost of $0.1 million for the three months ended September 30, 2017, as previously reported in cost of sales and selling, general and administrative ("SG&A") expenses in the Company's Unaudited Consolidated Statement of Operations and Comprehensive (Loss) Income, being reclassified below operating income in the miscellaneous, net line item. There was no reclassification impact for the nine months ended September 30, 2017. See Note 10, "Pension and Post-Retirement Benefits" for more information. Recently Issued Accounting Pronouncements 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 related lease 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 certain adjustments, such as 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. Upon evaluation, the Company believes that the main change as a result of its adopting ASU No. 2016-02 will be the recognition of its lease liabilities and corresponding right-of-use assets on the Company's balance sheet, but expects minimal impact to its statement of operations or cash flows. The Company continues to assess the impact that the adoption of this new guidance will have on its financial statements and will estimate the impact on its consolidated balance sheet when filing its Annual Report on Form 10-K for the fiscal year ended December 31, 2018. In August 2018, the FASB issued ASU No. 2018-15, "Internal Use Software (Subtopic 350-40) - Customer's Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement that is a Service Contract," which requires a customer in a cloud computing hosting arrangement that is a service contract to follow the existing guidance in ASC 350-40 on internal-use software to determine which implementation costs to defer and recognize as an asset and which costs are expensed as incurred. The new guidance specifies the financial statement presentation of capitalized implementation costs and the related amortization and requires entities to disclose the nature of hosting arrangements that are service contracts; the amount of implementation costs capitalized, amortized and impaired in each reporting period; and provide disclosures about significant judgments made when applying the guidance. Implementation costs that are recognized as an asset under the new guidance would be expensed over the term of the hosting arrangement. The term of the hosting arrangement would be the non-cancellable period of the arrangement and certain periods covered by options to renew the arrangement. The Company currently presents the cost of acquired software as a component of property, plant and equipment in its consolidated financial statements. This guidance is effective for annual periods beginning after December 15, 2019, with early adoption permitted. The Company will adopt ASU No. 2018-15 beginning as of January 1, 2020 and is in the process of assessing the impact, if any, that this new guidance is expected to have on the Company’s results of operations, financial condition and/or financial statement disclosures.

RESTRUCTURING CHARGES

9 Months Ended

Sep. 30, 2018

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 SG&A expenses. 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 $70 million to $75 million of employee-related costs, including severance, retention and other contractual termination benefits; (ii) approximately $10 million of lease termination costs; and (iii) approximately $10 million of other related charges.

A summary of the EA Integration Restructuring Charges incurred through September 30, 2018 is presented in the following table:



	Restructuring Charges and Other, Net
	Employee Severance and Other Personnel Benefits		Lease Termination and Other Costs				Total Restructuring Charges		Inventory Adjustments^(b)		Other Related Charges^(c)		Total Restructuring and Related Charges
Charges incurred through December 31, 2017	$	62.8	$	5.0			$	67.8	$	1.4	$	3.0	$	72.2
Charges incurred during the nine months ended September 30, 2018	12.7		(1.1		)	^(a)	11.6		0.4		—		12.0
Cumulative charges incurred through September 30, 2018	$	75.5	$	3.9			$	79.4	$	1.8	$	3.0	$	84.2

^(a) Primarily represents the reversal of lease termination costs related to certain re-occupied office space.

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

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

A summary of the EA Integration Restructuring Charges incurred through September 30, 2018 by reportable segment is presented in the following table:



	Charges incurred during the nine months ended September 30, 2018		Cumulative charges incurred through September 30, 2018
Revlon	$	8.6	$	33.2
Elizabeth Arden	0.4		13.2
Portfolio	0.8		14.2
Fragrances	1.8		18.8
Total	$	11.6	$	79.4

The Company expects that cash payments will total $90 million to $95 million in connection with the EA Integration Restructuring Charges, of which $60.9 million were paid through September 30, 2018. 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, 2018		Expense (Income), Net			Foreign Currency Translation			Cash			Non-cash		Liability Balance at September 30, 2018
EA Integration Restructuring Program:^(a)
Employee severance and other personnel benefits	$	25.8	$	12.7		$	(0.2	)	$	(17.6	)	$	—	$	20.7
Other	3.9		(0.7		)	—			(0.8		)	—		2.4
Total EA Integration Restructuring Program	29.7		12.0			(0.2		)	(18.4		)	—		23.1

Other individually immaterial actions:
Employee severance and other personnel benefits	2.5		2.3			—			(2.5		)	—		2.3
Other	1.7		—			(0.1		)	—			—		1.6
Total other individually immaterial actions	4.2		2.3			(0.1		)	(2.5		)	—		3.9
Total restructuring reserve	$	33.9	$	14.3		$	(0.3	)	$	(20.9	)	$	—	$	27.0

^(a)Includes $0.4 million in charges related to inventory adjustments and other restructuring-related charges that were reflected within cost of sales in the Company’s September 30, 2018 Unaudited Consolidated Statement of Operations and Comprehensive (Loss) Income.

As of September 30, 2018 and December 31, 2017, all of the restructuring reserve balances were included within accrued expenses and other current liabilities in the Company's Consolidated Balance Sheets.

DISCONTINUED OPERATIONS

9 Months Ended

Sep. 30, 2018

Discontinued Operations and Disposal Groups [Abstract]

DISCONTINUED OPERATIONS

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 Revlon segment (the "December 2013 Program"). The December 2013 Program resulted in the elimination of approximately 1,100 positions in 2014, primarily in China. With the implementation of the December 2013 Program, the results of the China discontinued operations, which relate entirely to the Revlon segment, are included within income from discontinued operations, net of taxes. The summary comparative financial results of discontinued operations were as follows for the periods presented:



	Three Months Ended September 30,					Nine Months Ended September 30,
	2018			2017		2018			2017
Net sales	$	—		$	—	$	—		$	—
(Loss) income from discontinued operations, before taxes	(0.4		)	0.7		(0.1		)	1.6
Provision for income taxes	—			0.3		—			0.3
(Loss) income from discontinued operations, net of taxes	(0.4		)	0.4		(0.1		)	1.3

As of September 30, 2018 and December 31, 2017, assets and liabilities of the China discontinued operations included in the Consolidated Balance Sheets consisted of the following:



	September 30,		December 31,
	2018		2017
Cash and cash equivalents	$	1.1	$	1.3
Trade receivables, net	0.2		0.2
Total current assets	1.3		1.5
Total assets	$	1.3	$	1.5

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

GOODWILL AND INTANGIBLE ASSETS, NET

9 Months Ended

Sep. 30, 2018

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND INTANGIBLE ASSETS, NET

Goodwill

Effective January 1, 2018, the Company implemented its brand-centric organizational structure that is built around four global brand teams: Revlon; Elizabeth Arden; Portfolio; and Fragrances, which also represent the Company's reporting segments. Concurrent with the change in reporting segments, goodwill was reassigned to the affected reporting units that have been identified within each reporting segment using a relative fair value allocation approach outlined in ASC 350, Intangibles - Goodwill and Other.

The following table presents the amount of goodwill that has been reassigned to each of the Company's reportable segments as of January 1, 2018 using the relative fair value allocation approach, as well as any changes in goodwill by segment during the nine months ended September 30, 2018:



	Revlon			Portfolio			Elizabeth Arden		Fragrances		Total
Balance at January 1, 2018	$	265.3		$	189.5		$	116.9	$	120.8	$	692.5
Foreign currency translation adjustment	(0.2		)	(0.2		)	—		—		(0.4		)
Balance at September 30, 2018	$	265.1		$	189.3		$	116.9	$	120.8	$	692.1

Cumulative goodwill impairment charges^(a)											$	37.2

^(a)Cumulative goodwill impairment charges relate to impairments recognized in 2015 and 2017; no impairment charges were recognized during the nine months ended September 30, 2018.

Intangible Assets, Net

The following tables present details of the Company's total intangible assets as of September 30, 2018 and December 31, 2017:



	September 30, 2018
	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Weighted-Average Useful Life (in Years)
Finite-lived intangible assets:
Trademarks and licenses	$	272.3	$	(87.8	)	$	184.5	13
Customer relationships	249.0		(58.3		)	190.7		12
Patents and internally-developed intellectual property	20.9		(9.7		)	11.2		6
Distribution rights	31.0		(3.6		)	27.4		16
Other	1.3		(0.9		)	0.4		1
Total finite-lived intangible assets	$	574.5	$	(160.3	)	$	414.2

Indefinite-lived intangible assets:
Trade names	$	145.9	N/A			$	145.9
Total indefinite-lived intangible assets	$	145.9	N/A			$	145.9

Total intangible assets	$	720.4	$	(160.3	)	$	560.1

	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 intellectual property	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	N/A			$	147.9
Total indefinite-lived intangible assets	$	147.9	N/A			$	147.9

Total intangible assets	$	723.0	$	(130.9	)	$	592.1

Amortization expense for finite-lived intangible assets was $10.1 million and $10.4 million for the three months ended September 30, 2018 and 2017, respectively, and $30.3 million and $32.6 million for the nine months ended September 30, 2018 and 2017, respectively.

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 September 30, 2018:



	Estimated Amortization Expense
2018	$	9.6
2019	37.8
2020	37.1
2021	36.1
2022	34.7
Thereafter	258.9
Total	$	414.2

LONG-TERM DEBT

9 Months Ended

Sep. 30, 2018

Debt Disclosure [Abstract]

LONG-TERM DEBT

As of September 30, 2018 and December 31, 2017, the Company's debt balances consisted of the following:



	September 30, 2018			December 31, 2017
2016 Term Loan Facility: 2016 Term Loan due 2023, net of discounts and debt issuance costs^(a)	$	1,727.4		$	1,735.9
2016 Revolving Credit Facility due 2021, net of debt issuance costs^(b)	402.2			152.1
5.75% Senior Notes due 2021, net of debt issuance costs^(c)	496.2			495.1
6.25% Senior Notes due 2024, net of debt issuance costs^(d)	441.1			440.3
2018 Foreign Asset-Based Term Loan Credit Agreement due 2021, net of debt issuance costs^(e)	84.3			—
Spanish Government Loan due 2025	0.5			0.5
	$	3,151.7		$	2,823.9
Less current portion^(*)	(420.3		)	(170.2		)
	$	2,731.4		$	2,653.7

Short-term borrowings^(f)	$	21.4		$	12.4

^(*) At September 30, 2018, the Company classified $420.3 million as its current portion of long-term debt, comprised primarily of $402.2 million of net borrowings under the 2016 Revolving Credit Facility, net of debt issuance costs, and $18 million of amortization payments on the 2016 Term Loan Facility scheduled to be paid over the next four calendar quarters. 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.

^(a) See Note 11, "Long-Term Debt," to the Consolidated Financial Statements in Revlon's 2017 Form 10-K for certain details regarding Products Corporation's 2016 Term Loan that matures on the earlier of: (x) September 7, 2023; and (y) the 91st day prior to the maturity of Products Corporation’s 5.75% Senior Notes due 2021 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 aggregate principal amount outstanding under the 2016 Term Loan Facility at September 30, 2018 was $1,764 million.

^(b⁾ See Note 11, "Long-Term Debt," to the Consolidated Financial Statements in Revlon's 2017 Form 10-K for certain details regarding Products Corporation's 2016 Revolving Credit Facility. In April 2018, Products Corporation amended the 2016 Revolving Credit Facility agreement, as detailed below, to, among other things, add a new $41.5 million senior secured first in, last out "Tranche B," while the original $400 million tranche under such facility became a senior secured last in, first out "Tranche A." Tranche A matures on the earlier of: (x) September 7, 2021; 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. Tranche B matures on April 17, 2019. Total borrowings at face amount under Tranche A and Tranche B under the 2016 Revolving Credit Facility at September 30, 2018 were $408.3 million (excluding $10.1 million of outstanding undrawn letters of credit) and $41.5 million, respectively (the 2016 Term Loan Facility and the 2016 Revolving Credit Facility, as amended, are collectively referred to as the "2016 Senior Credit Facilities").

^(c) See Note 11, "Long-Term Debt," to the Consolidated Financial Statements in Revlon's 2017 Form 10-K for certain details regarding Products Corporation's 5.75% Senior Notes that mature on February 15, 2021. The aggregate principal amount outstanding under the 5.75% Senior Notes at September 30, 2018 was $500 million.

^(d) See Note 11, "Long-Term Debt," to the Consolidated Financial Statements in Revlon's 2017 Form 10-K for certain details regarding Products Corporation's 6.25% Senior Notes that mature on August 1, 2024. The aggregate principal amount outstanding under the 6.25% Senior Notes at September 30, 2018 was $450 million.

^(e) See below for discussion of the euro-denominated senior secured asset-based term loan facility in an aggregate principal amount of €77 million that various foreign subsidiaries of Products Corporation entered into in July 2018.

^(f) Includes $11 million of borrowings at September 30, 2018 under the 2018 Senior Line of Credit Facility between Products Corporation and MacAndrews & Forbes Incorporated, a related party, discussed below.

July 2018 Foreign Asset-Based Term Loan Credit Agreement

In July 2018, Revlon Holdings B.V. (the "Dutch Borrower"), a wholly owned indirect foreign subsidiary of Products Corporation, Revlon Finance LLC, a wholly owned direct subsidiary of the Dutch Borrower (the "U.S. Co-Borrower" and, together with the Dutch Borrower, the "Borrowers"), the other loan parties, the lenders party thereto and Citibank, N.A., acting as administrative agent and collateral agent (the "Agent"), entered into an Asset-Based Term Loan Credit Agreement (the "Asset-Based Term Facility" and the "Asset-Based Term Agreement," respectively) and related guarantee and security agreements.

Principal and Maturity: The Asset-Based Term Facility provides for a euro-denominated senior secured asset-based term loan facility in an aggregate principal amount of €77 million, the full amount of which was funded on the closing of the facility in July 2018. The Asset-Based Term Facility has an uncommitted incremental facility pursuant to which it may be increased from time to time by up to €43 million, subject to certain conditions and the agreement of the lenders providing such increase. The proceeds of the loans under the Asset-Based Term Facility are being used for working capital and other general corporate purposes. The Asset-Based Term Facility matures on July 9, 2021.

The Asset-Based Term Agreement requires the maintenance of a borrowing base supporting the borrowing thereunder, to be evidenced with the delivery of monthly borrowing base certificates customary for facilities of this type, with more frequent reporting required upon the triggering of certain events. The borrowing base calculation under the Asset-Based Term Facility is based on the sum of: (i) 85% of eligible accounts receivable; and (ii) 90% of the net orderly liquidation value of eligible inventory, in each case with respect to certain of Products Corporation’s subsidiaries organized in Australia, Bermuda, Germany, Italy, Spain and Switzerland (the "Borrowing Base Guarantors" and, together with the Borrowers, the "Loan Parties"). The borrowing bases in each jurisdiction are subject to certain customary availability reserves set by the Agent.

Guarantees and Security: The Asset-Based Term Facility is guaranteed by the Borrowing Base Guarantors, as well as by the direct parent entities of each Borrowing Base Guarantor (not including Revlon or Products Corporation) on a limited recourse basis (the "Parent Guarantors"). The obligations of the Loan Parties and the Parent Guarantors under the Asset-Based Term Facility are secured by first-ranking pledges of the equity of each Loan Party, the inventory and accounts receivable of the Borrowing Base Guarantors, the material bank accounts of each Loan Party, the material intercompany indebtedness owing to any Loan Party (including any intercompany loans made with the proceeds of the Asset-Based Term Facility) and certain other material assets of the Borrowing Base Guarantors. The Asset-Based Term Facility includes a cash dominion feature customary for transactions of this type.

Interest and Fees: Interest is payable on each interest payment date as set forth in the Asset-Based Term Agreement, and in any event at least quarterly, and accrues on borrowings under the Asset-Based Term Facility at a rate per annum equal to the EURIBOR rate plus an applicable margin equal to 6.50%. The Borrowers are obligated to pay certain fees and expenses in connection with the Asset-Based Term Facility, including a fee payable to Citibank, N.A. for its services as Agent. Voluntary prepayments and certain mandatory prepayments of the loans under the Asset-Based Term Facility made prior to January 9, 2019 are subject to a 1.0% premium. Loans under the Asset-Based Term Facility may be prepaid without premium or penalty after January 9, 2019.

Affirmative and Negative Covenants: The Asset-Based Term Agreement contains certain affirmative and negative covenants that, among other things, limit the Loan Parties’ ability to, subject to various exceptions and qualifications: (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, including amending certain material intercompany agreements or trade terms; (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 Parent Guarantors are subject to certain customary holding company covenants. The ability of the Loan Parties to make certain intercompany asset sales, investments, restricted payments and prepayments of intercompany debt is contingent on certain "cash movement conditions" or "payment conditions" being met, which among other things, require a certain level of liquidity for the applicable Loan Party to effect such type of transactions. The Asset-Based Term Agreement also contains certain customary representations, warranties and events of default.

Prepayments: The Borrowers must prepay loans under the Asset-Based Term Facility to the extent that outstanding loans exceed the borrowing base. In lieu of a mandatory prepayment, the Loan Parties may deposit cash in an amount not to exceed 10% of the borrowing base into a designated U.S. bank account with the Agent that is subject to a control agreement (such cash, the "Qualified Cash"). If any such over-advance has not been cured within 60 days, the Qualified Cash may be applied, at the Agent’s option, to prepay the loans under the Asset-Based Term Facility. To the extent certain levels of availability are obtained during a certain period of time, the Borrowers can withdraw the Qualified Cash from such bank account. In addition, the Asset-Based Term Facility is subject to mandatory prepayments from the net proceeds from the incurrence by the Loan Parties of debt not permitted thereunder.

2018 Senior Line of Credit Facility

In June 2018, Products Corporation entered into a 2018 Senior Unsecured Line of Credit Agreement (the "2018 Senior Line of Credit Agreement") providing Products Corporation with a $50 million senior unsecured line of credit (the "2018 Senior Line of Credit Facility") from MacAndrews & Forbes Incorporated, Revlon’s majority stockholder. The 2018 Senior Line of Credit Facility allows Products Corporation to request loans thereunder and to use the proceeds of such loans for working capital and other general corporate purposes until the facility matures on December 31, 2018. As of September 30, 2018, there was $11 million of outstanding borrowings under this facility.

Any loans outstanding under the 2018 Senior Line of Credit Facility bear interest at an annual rate of 8%, which is payable quarterly in arrears in cash. Products Corporation may, at its option, prepay any borrowings under the 2018 Senior Line of Credit Facility, in whole or in part (together with accrued and unpaid interest), at any time prior to maturity, without premium or penalty. Products Corporation is required to repay any outstanding loans under the 2018 Senior Line of Credit Facility, together with accrued interest thereon, if and to the extent that: (i) Products Corporation or any of its subsidiaries enters into a new financing agreement under which it or any of its subsidiaries is then able to draw; or (ii) for any reason Products Corporation or any of its subsidiaries has available unrestricted cash that Products Corporation determines, in its reasonable judgment, is not required to run their operations in the ordinary course of business, provided that such repayment under this clause (ii) would not result in material adverse tax consequences. For the three months ended September 30, 2018, the Company had net repayments of $4 million under this facility.

The 2018 Senior Line of Credit Agreement includes customary events of default, including a cross default provision making it an event of default under the 2018 Senior Line of Credit Agreement if there exists and continues an event default under Products Corporation’s existing bank term loan and revolver credit agreements or the indentures for Products Corporation’s 5.75% Senior Notes or 6.25% Senior Notes. If any such event of default occurs, MacAndrews & Forbes Incorporated may declare all outstanding loans under the 2018 Senior Line of Credit Facility to be due and payable immediately.

Amendment to 2016 Revolving Credit Facility

In April 2018, Products Corporation entered into an amendment and restatement to the Original 2016 Revolving Credit Agreement with Citibank, N.A., acting as administrative agent, collateral agent, issuing lender, local fronting lender and swingline lender and the other issuing lenders (the "Revolver Amendment," and the Original 2016 Revolving Credit Agreement, as amended by the Revolver Amendment, the "2016 Revolving Credit Agreement," and together with the 2016 Term Loan Agreement being the "2016 Credit Agreements"). Pursuant to the Revolver Amendment, a new $41.5 million senior secured first in, last out tranche (the "Tranche B") was established under the 2016 Revolving Credit Agreement and the existing $400 million tranche under the Original 2016 Revolving Credit Facility (and as in effect after the Revolver Amendment, the "2016 Revolving Credit Facility," and together with the 2016 Term Loan Facility, being the "2016 Senior Credit Facilities") became a senior secured last in, first out tranche (the "Tranche A," and together with the Tranche B, the "Tranches").

The Revolver Amendment provided for the availability and repayment terms of each Tranche, as well as terms governing the payment priorities between the Tranches. Other amendments to the Original 2016 Revolving Credit Facility under the Revolver Amendment included: (i) a $15 million increase to the cap on amounts eligible for inclusion in the borrowing base relating to certain assets located in jurisdictions other than the U.S., Puerto Rico, Canada, and the U.K.; (ii) a reduction to the amount of additional debt generally permitted to be incurred; (iii) a reduction in the amount of incremental debt under 2016 Term Loan Agreement permitted to be incurred pursuant to the 2016 Revolving Credit Agreement; (iv) the removal of temporary increases to the borrowing base between August 15^th and October 31^st of each year; (v) an increase to threshold conditions in respect of the ability to make certain dividends and distributions on equity during the term of the Tranche B; and (vi) an amendment to the calculation of the financial covenant.

As a result of the Revolver Amendment, the borrowing base under the 2016 Revolving Credit Facility was increased to approximately $385 million, compared to a borrowing base of approximately $350 million at March 31, 2018, and provided the Company with an additional $35 million of available borrowing capacity upon entering into the Revolver Amendment, which availability increased to $40.1 million and $41.5 million as of June 30, 2018 and September 30, 2018, respectively, which was fully drawn at each such date.

Following is an updated description of Products Corporation’s 2016 Senior Credit Facilities, after giving effect to the April 2018 Revolver Amendment:

2016 Senior Credit Facilities

In connection with and substantially concurrently with the closing of the Elizabeth Arden Acquisition, Products Corporation entered into: (i) the 7-year $1.8 billion 2016 Term Loan Facility (the "2016 Term Loan Facility" and such agreement being the "2016 Term Loan Agreement"); and (ii) the 5-year $400 million 2016 Revolving Credit Facility (the "Original 2016 Revolving Credit Facility" and such agreement being the "Original 2016 Revolving Credit Agreement"). Products Corporation also completed the issuance of $450 million aggregate principal amount of its 6.25% Senior Notes due 2024. The proceeds of Products Corporation's issuance of the 6.25% Senior Notes and the 2016 Term Loan Facility, together with approximately $35 million of borrowings under the Original 2016 Revolving Credit Facility and approximately $126.7 million of cash on hand, were used: (A) to fund the Elizabeth Arden Acquisition, including: (i) repurchasing the entire $350 million aggregate principal amount outstanding of the then-existing Elizabeth Arden Senior Notes (the "Elizabeth Arden 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 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 outstanding under Products Corporation’s then-existing 2011 Term Loan (the "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 repayment) (together with the 2011 Term Loan, the "Old Term Loan Agreement" and the "Old Term Loan Facility," respectively). The Company did not incur any material early termination penalties in connection with repaying the Old Term Loan Facility or the Elizabeth Arden indebtedness and preferred stock.

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) September 7, 2023; 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 its 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 subsidiaries, including Elizabeth Arden and its 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), certain foreign subsidiaries, 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 3.5% or an alternate base rate plus a margin of 2.5%, 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) 50% of excess cash flow for fiscal years ending December 31^st, 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.

2016 Revolving Credit Facility

Principal and Maturity: On the Elizabeth Arden Acquisition Date, Products Corporation entered into the Original 2016 Revolving Credit Agreement, which was amended and restated on April 12, 2018 pursuant to the Revolver Amendment, and for which Citibank, N.A. acts as administrative agent and collateral agent. After giving effect to the Revolver Amendment, the 2016 Revolving Credit Facility has an aggregate maximum availability of $441.5 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) $33.5 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 in respect of the Tranche A under the 2016 Revolving Credit Facility continues to be 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) the lesser of (A) the sum of (x) 75% of the net orderly liquidation value in respect of eligible equipment and (y) 75% of the mortgage value of eligible real property and (B) $40 million and (iv) qualified restricted cash (capped at $75 million), which are collectively subject to certain availability reserves set by the administrative agent. The borrowing base calculation in respect of the Tranche B under the 2016 Revolving Credit Facility is based on the sum of: (i) 10% of eligible accounts receivable and (ii) the lesser of 10% of the net orderly liquidation value and a percentage of the value specified in respect of different types of eligible inventory, which are collectively subject to certain availability reserves set by the administrative agent. Tranche B under the 2016 Revolving Credit Facility matures on April 17, 2019. Tranche A under the 2016 Revolving Credit Facility continues to mature on the earlier of: (x) September 7, 2021; 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 its 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), certain foreign subsidiaries, 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 (A) in the case of the Tranche A, 0.25%, 0.50% or 0.75%, or (B) in the case of the Tranche B, 1.50%, 1.75% or 2.00%, in each case 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 (A) in the case of the Tranche A, 1.25%, 1.50% or 1.75%, or (B) in the case of the Tranche B, 2.50%, 2.75% or 3.00%, in each case 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 the 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 under the Tranche A and 0.50% for any unused amounts under the Tranche B. 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 (capped at 105% of the Revolving Commitment) 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 and scheduled principal payments under the 2016 Term Loan Agreement 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. As Products Corporation’s consolidated fixed charge coverage ratio at September 30, 2018 was less than 1.0 to 1.0, it was required to maintain availability under the 2016 Revolving Credit Facility in an amount in excess of the $44.1 million Liquidity Amount at such date, as a result of which the Company had approximately $1.0 million in available borrowing capacity under the 2016 Revolving Credit Facility as of September 30, 2018.

Prepayments: Products Corporation must prepay (i) Tranche A borrowings under the 2016 Revolving Credit Facility to the extent that outstanding loans thereunder and letters of credit exceed the Tranche A availability and (ii) Tranche B borrowings under the 2016 Revolving Credit Facility to the extent that outstanding loans thereunder exceed the Tranche B availability; provided that the Tranche A borrowings are required to be repaid prior to the repayment of the Tranche B borrowings. 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 Facility and the 2016 Revolving Credit Facility and the related security and collateral agreements are qualified in their entirety by reference to such agreements, which have been filed as exhibits to the Company's prior SEC filings.

Covenants

Products Corporation was in compliance with all applicable covenants under the 2016 Senior Credit Facilities and the 2018 Senior Line of Credit Facility as of September 30, 2018. At September 30, 2018, the aggregate principal amounts outstanding and availability under Products Corporation’s various revolving credit facilities were as follows:



	Commitment		Borrowing Base		Aggregate principal amount outstanding at September 30, 2018		Availability at September 30, 2018
Tranche A of the 2016 Revolving Credit Facility	$	400.0	$	433.8	$	366.8	^(a)N/A
Tranche B of the 2016 Revolving Credit Facility	41.5		44.3		41.5		N/A
Total Tranche A & B of the 2016 Revolving Credit Facility^(a)	$	441.5	$	478.1	$	408.3	$	1.0
2018 Senior Line of Credit Facility	50.0		N/A		11.0		39.0

^(a) Availability as of September 30, 2018 is based upon the calculated borrowing base (capped at 105% of the respective Revolving Commitments) of $463.5 million, less $10.1 million of outstanding undrawn letters of credit and $408.3 million then drawn. As Products Corporation’s consolidated fixed charge coverage ratio at September 30, 2018 was less than 1.0 to 1.0, it was required to maintain availability under the 2016 Revolving Credit Facility in an amount in excess of the $44.1 million Liquidity Amount at such date, as a result of which the Company had of the $45.1 million of availability under the 2016 Revolving Credit Facility, approximately $1.0 million in available borrowing capacity under such facility as of September 30, 2018.

Products Corporation was in compliance with all applicable covenants under its Senior Notes Indentures as of September 30, 2018.

FAIR VALUE MEASUREMENTS

9 Months Ended

Sep. 30, 2018

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 value 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 September 30, 2018, 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:



	September 30, 2018
	Total		Level 1		Level 2		Level 3
Assets:
Derivatives:
FX Contracts^(a)	$	0.1	$	—	$	0.1	$	—
Total assets at fair value	$	0.1	$	—	$	0.1	$	—
Liabilities:
Derivatives:
FX Contracts^(a)	$	0.1	$	—	$	0.1	$	—
Total liabilities at fair value	$	0.1	$	—	$	0.1	$	—

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:



	December 31, 2017
	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	$	—

^(a) The fair value of the Company’s foreign currency forward exchange contracts ("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 9, "Financial Instruments."

^(b) The fair value of Products Corporation's 2013 Interest Rate Swap (as hereinafter defined), which expired in May 2018, was measured based on the implied forward rates from the U.S. Dollar 3-month LIBOR yield curve on the respective dates. See Note 9, "Financial Instruments."

As of September 30, 2018, 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:



	September 30, 2018
	Fair Value
	Level 1		Level 2		Level 3		Total		Carrying Value
Liabilities:
Long-term debt, including current portion^(a)	$	—	$	2,539.3	$	—	$	2,539.3	$	3,151.7

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:



	December 31, 2017
	Fair Value
	Level 1		Level 2		Level 3		Total		Carrying Value
Liabilities:
Long-term debt, including current portion^(a)	$	—	$	2,131.5	$	—	$	2,131.5	$	2,823.9

^(a)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 the Company's 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

9 Months Ended

Sep. 30, 2018

FINANCIAL INSTRUMENTS

Letters of Credit

Products Corporation maintains standby and trade letters of credit for various corporate purposes under which Products Corporation is obligated, of which $10.1 million (including amounts available under credit agreements in effect at that time) were maintained as of both September 30, 2018 and December 31, 2017. Included in these amounts are approximately $7.2 million and $7.3 million in standby letters of credit that support Products Corporation’s self-insurance programs as of September 30, 2018 and December 31, 2017, respectively. The estimated liability under such programs is accrued by Products Corporation.

Derivative Financial Instruments

The Company uses derivative financial instruments, primarily FX Contracts, to manage foreign currency exchange risk by reducing the effects of fluctuations in foreign currency exchange rates on the Company’s net cash flows. Prior to its expiration in May 2018, the Company used interest rate hedging transactions to manage interest rate risk associated with Products Corporation’s variable-rate indebtedness. As of September 30, 2018, the accumulated deferred losses related to the 2013 Interest Rate Swap have been fully amortized into earnings. 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 Company did not enter into any FX contracts during the nine months ended September 30, 2018. The U.S. Dollar notional amounts of the FX Contracts outstanding as of September 30, 2018 and December 31, 2017 were nil and $147.1 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 acquisition of The Colomer Group (the "Old Acquisition Term Loan" and the "Colomer Acquisition," respectively). The 2013 Interest Rate Swap, which initially had a floor of 1.00% that in December 2016 was amended to 0.75%, expired in May 2018. In connection with entering into the 2016 Term Loan Facility, the 2013 Interest Rate 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. The Company initially designated the 2013 Interest Rate Swap as a cash flow hedge of the variability of the forecasted 3-month LIBOR interest rate payments initially related to the $400 million notional amount under the Old Acquisition Term Loan over the 3-year term of the 2013 Interest Rate Swap (and subsequently to the $400 million notional amount under the 2016 Term Loan Facility). Under the terms of the 2013 Interest Rate Swap, Products Corporation received from the counterparty a floating interest rate based on the higher of the 3-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 fixed the interest rate on such notional amount at 5.5709% through May 2018).

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 issuance of its 6.25% Senior Notes 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 of such swap were 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, were fully amortized into earnings over the remaining term of the 2013 Interest Rate Swap, which expired in May 2018. See "Quantitative Information – Derivative Financial Instruments" below for additional information on the balance sheet balances related to this swap.

Credit Risk

Exposure to credit risk in the event of nonperformance by any of the counterparties to the Company's derivative instruments is limited to the gross fair value of these derivative instruments in asset positions, which totaled $0.1 million as of September 30, 2018 and $0.6 million as of December 31, 2017. 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 September 30, 2018 and December 31, 2017, 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

September 30,
2018

December 31,
2017

Balance Sheet

September 30,
2018

December 31,
2017

Classification

Fair Value

Classification

Fair Value

Derivative financial instruments:

FX Contracts^(a)

Prepaid expenses and other

0.1

0.6

Accrued Expenses and other

0.1

1.9

2013 Interest Rate Swap^(b)

Prepaid expenses and other

—

Accrued expenses and other

—

0.9

^(a) The fair values of the FX Contracts as of September 30, 2018 and December 31, 2017 were measured based on observable market transactions of spot and forward rates as of September 30, 2018 and December 31, 2017, respectively.

^(b) The fair value of the 2013 Interest Rate Swap as of December 31, 2017 was measured based on the implied forward rate from the U.S. Dollar 3-month LIBOR yield curve as of December 31, 2017.

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



Derivative Instruments	Statement of Operations Classification	Amount of Gain (Loss) Recognized in Net (Loss) Income
		Three Months Ended September 30,					Nine Months Ended September 30,
		2018		2017			2018			2017
Derivative financial instruments:
2013 Interest Rate Swap	Interest Expense	$	—	$	(0.9	)	$	(1.2	)	$	(2.9	)
FX Contracts	Foreign currency gain (loss), net	—		(2.4		)	0.2			(4.0		)
2013 Interest Rate Swap	Miscellaneous, net	—		—			0.2			(0.1		)



	Amount of Gain Recognized in Other Comprehensive (Loss) Income
	Three Months Ended September 30,				Nine Months Ended September 30,
	2018		2017		2018		2017
Derivatives previously designated as hedging instruments:
2013 Interest Rate Swap, net of tax ^(a)	$	—	$	0.6	$	0.7	$	1.8

^(a) Net of tax benefits of nil and $0.4 million for the three months ended September 30, 2018 and 2017, respectively, and $0.5 million and $1.1 million for the nine months ended September 30, 2018 and 2017, respectively.

PENSION AND POST-RETIREMENT BENEFITS

9 Months Ended

Sep. 30, 2018

Retirement Benefits [Abstract]

PENSION AND POST-RETIREMENT BENEFITS

The components of net periodic benefit costs for the Company's pension and the other post-retirement benefit plans were as follows for the periods presented:



	Pension Plans						Other Post-Retirement Benefit Plans
	Three Months Ended September 30,
	2018			2017			2018		2017
Net periodic benefit costs:
Service cost	$	0.5		$	0.6		$	—	$	—
Interest cost	4.6			4.9			0.1		0.1
Expected return on plan assets	(6.9		)	(7.1		)	—		—
Amortization of actuarial loss	2.4			2.3			0.1		—
Total net periodic benefit costs	$	0.6		$	0.7		$	0.2	$	0.1



	Pension Plans						Other Post-Retirement Benefit Plans
	Nine Months Ended September 30,
	2018			2017			2018		2017
Net periodic benefit costs:
Service cost	$	1.5		$	1.9		$	—	$	—
Interest cost	13.9			14.7			0.3		0.3
Expected return on plan assets	(20.8		)	(21.4		)	—		—
Amortization of actuarial loss	6.9			7.1			0.3		0.2
Curtailment gain^(a)	—			(0.8		)	—		—
Total net periodic benefit costs prior to allocation	$	1.5		$	1.5		$	0.6	$	0.5
Portion allocated to Revlon Holdings	(0.1		)	(0.1		)	—		—
Total net periodic benefit costs	$	1.4		$	1.4		$	0.6	$	0.5

^(a)As a result of the Elizabeth Arden Acquisition, the Company recognized $0.8 million in curtailment gains related to a foreign non-qualified defined benefit plan of Elizabeth Arden for the nine months ended September 30, 2017.

In both the three months ended September 30, 2018 and 2017, the Company recognized net periodic benefit cost of $0.8 million as a result of slightly lower service costs and interest costs during the third quarter of 2018, offset by higher expected return on plan assets and lower amortization of actuarial loss during the third quarter of 2017.

In the nine months ended September 30, 2018, the Company recognized net periodic benefit cost of $2.0 million, compared to net periodic benefit cost of $1.9 million in the nine months ended September 30, 2017, primarily due to the curtailment gain recognized during the first nine months of 2017, partially offset by lower service costs and interest costs during the first nine months of 2018.

Net periodic benefit costs are reflected in the Company's Consolidated Financial Statements as follows for the periods presented:



	Three Months Ended September 30,				Nine Months Ended September 30,
	2018		2017		2018		2017
Net periodic benefit costs:
Cost of sales	$	—	$	—	$	—	$	—
Selling, general and administrative expense	0.5		0.7		1.5		1.9
Miscellaneous, net	0.3		0.1		0.5		—
Total net periodic benefit costs^(a)	$	0.8	$	0.8	$	2.0	$	1.9

^(a)As a result of the Company's adoption of ASU No. 2017-07 in 2018, the Company presents the service cost component of NPPC and NPPBC in the same income statement line items as other employee compensation costs arising from services rendered during the period (i.e., in cost of sales and SG&A) and presents the other components of NPPC and NPPBC below operating income, in miscellaneous, net.

The Company expects that it will have net periodic benefit cost of approximately $2.7 million for its pension and other post-retirement benefit plans for all of 2018, compared with net periodic benefit cost of $1.5 million in 2017.

During the third quarter of 2018, $2.1 million and $0.2 million were contributed to the Company’s pension plans and other post-retirement benefit plans, respectively. During the first nine months of 2018, $5.5 million and $0.6 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.

Relevant aspects of the qualified defined benefit pension plans, non-qualified pension plans and other post-retirement benefit plans sponsored by Products Corporation are disclosed in Note 14, "Pension and Post-Retirement Benefits," to the Consolidated Financial Statements in Revlon's 2017 Form 10-K.

INCOME TAXES

9 Months Ended

Sep. 30, 2018

Income Tax Disclosure [Abstract]

INCOME TAXES

The Company's provision for income taxes represents federal, foreign, state and local income taxes. The Company's effective tax rate differs from the applicable federal statutory rate due to the effect of state and local income taxes, tax rates and income in foreign jurisdictions, foreign earnings taxable in the U.S., non-deductible expenses and other items. The Company’s tax provision changes quarterly based on various factors including, but not limited to, the geographical level and mix of earnings; enacted tax legislation; foreign, state and local income taxes; tax audit settlements and the interaction of various global tax strategies.

The Company recorded a benefit from income taxes of $38.7 million for the third quarter of 2018 and a benefit from income taxes of $10.8 million for the third quarter of 2017. The $27.9 million increase in the benefit from income taxes was primarily due to: (i) the increased loss from continuing operations before income taxes; (ii) the mix and level of earnings; and (iii) the net impact of changes resulting from the enactment of the Tax Cuts and Jobs Act of 2017 (the "Tax Act"), including (a) the reduction of the U.S. federal income tax rate (which provided for less of a benefit on the Company’s year-to-date loss), (b) the U.S. tax on the Company’s foreign earnings under the GILTI provisions of the Tax Act (adjusted to account for new interpretive regulations issued by the IRS in the third quarter of 2018 (the "New IRS Regs")), (c) the limitation on interest deductions (which resulted in a deferred deduction on which the Company has a full valuation allowance) and (d) a reduced deduction for executive compensation under Section 162(m) of the Internal Revenue Code ("Section 162(m)").

The Company recorded a benefit from income taxes of $43.1 million for the nine months ended September 30, 2018 and a benefit from income taxes of $37.8 million for the nine months ended September 30, 2017. The $5.3 million increase in the benefit from income taxes was primarily due to: (i) the increased loss from continuing operations; (ii) the mix and level of earnings; and (iii) the net impact of changes resulting from the enactment of the Tax Act, including (a) the reduction of the U.S. federal income tax rate (which provided for less of a benefit on the Company’s year-to-date loss), (b) the U.S. tax on the Company’s foreign earnings under the GILTI provisions of the Tax Act (adjusted to account for the New IRS Regs), (c) the limitation on interest deductions (which resulted in a deferred deduction on which the Company has a full valuation allowance), and (d) a reduced deduction for executive compensation under Section 162(m), partially offset by a reduction in the liability that had been established in prior periods pursuant to Accounting Principles Board 23, "Indefinite Reinvestment Assertion" ("APB 23").

The Company's effective tax rate for the three months ended September 30, 2018 was higher than the federal statutory rate of 21% as a result of nondeductible expenses for interest and executive compensation, as well as the U.S. taxation of the Company’s foreign earnings under the GILTI provisions of the Tax Act (adjusted to account for the New IRS Regs).

The Company's effective tax rate for the nine months ended September 30, 2018 was lower than the federal statutory rate of 21% as a result of nondeductible expenses for interest and executive compensation, as well as the U.S. taxation of the Company’s foreign earnings under the GILTI provision of the Tax Act (adjusted to account for the New IRS Regs), partially offset by the reduction in liability under APB 23.

In December 2017, with the enactment of the Tax Act, the U.S. government enacted comprehensive tax reform that made broad and complex changes to the U.S. tax code that affected the Company 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;


•	imposing a new limitation on the deductibility of interest;


•	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 carry-forward periods and annual utilization.

In accordance with the SEC 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, the Company has 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 under ASC 740, Income Taxes ("ASC 740"), on the basis of the tax laws in effect before the Tax Act, in accordance with the guidance provided by SAB 118.

As a result of the enactment of the Tax Act, in the year ended December 31, 2017 the Company reduced the carrying value of its federal deferred tax assets to reflect the reduction from 35% to 21% in the U.S. federal income tax rate. As a result, the Company recorded a one-time, non-cash charge of $47.9 million in the year ended December 31, 2017. No adjustment was made to this provisional amount during the first nine months of 2018. In addition, the Company estimated that it had a net deficit in its non-U.S. earnings subject to the transition tax as of the applicable measurement dates, so in the year ended December 31, 2017 the Company did not record a liability for the transition tax. No adjustment was made to this provisional amount during the first nine months of 2018.

While the Company continues to assess the impact on its financial statements of the following elements of the Tax Act, it did record a provisional amount for the impact of these items in the first nine months of 2018:

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.

While any reduction in deductible interest in any year can be carried forward indefinitely and added to the potential interest deduction in subsequent years, the Company has concluded that it is more likely than not that it will not be able to realize a benefit for this carry-forward interest deduction in future years, so it has established a full valuation allowance for the associated deferred tax asset.

GILTI: The Tax Act creates a new requirement that certain income earned by controlled foreign corporations ("CFC") must be included currently in the taxable 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 became subject to the GILTI provisions beginning in 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. For purposes of the provisional calculations through the first nine months of 2018, the Company has used the period cost method. The Company has adjusted its provisional calculation in the third quarter of 2018 to reflect the impact of the New IRS Regs. The Company will continue to assess the appropriateness of this method during the period allowed for under SAB 118.

Executive Compensation Limitation: The Tax Act expands the definition of covered employee under Section 162(m) 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. While 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, the tax provision for the first nine months of 2018 included a provisional estimate of the impact of Section 162(m), as adjusted in the Tax Act.

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. Based on the analysis to date, the Company has concluded that a provisional adjustment can be made to reduce the liability that was established under APB 23 in prior periods. As the Company concludes its analysis, changes to this provisional adjustment may be appropriate.

Net Operating Loss Carry-forward rules: The Company had $519.3 million of federal net operating loss carry-forwards as of December 31, 2017. These carry-forwards 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 incurs federal net operating losses in 2018 or subsequent years, such losses would have an unlimited carry-forward period, but they would only be available to offset 80% of the Company's taxable income in any given year.

While the Company has calculated and recorded provisional adjustments for the above items, there are certain aspects of the Tax Act for which the Company's accounting is incomplete, and for which no provisional adjustments have been recorded. The provisional amounts included in tax expense and the associated balance sheet accounts (and related disclosures), as well as the amounts that have not been recorded, are subject to modification within the measurement period provided for in SAB 118.

Valuation Allowance: The Company continually evaluates the available positive and negative evidence to assess the amount of deferred tax assets for which it is more likely than not to realize a benefit. For any deferred tax asset in excess of the amount for which it is more likely than not that the Company will realize a benefit, the Company establishes a valuation allowance. A valuation allowance is a non-cash charge, and it in no way limits the Company's ability to utilize its deferred tax assets, including its ability to utilize tax loss and credit carryforward amounts. As of the third quarter of 2018, the Company concluded that, based on the weight of the available positive and negative evidence, it does not require a valuation allowance on its federal deferred tax assets, other than those associated with the limitation on the deductibility of interest (as described above). The Company does have a valuation allowance on deferred tax assets associated with its activity in certain U.S., state and foreign jurisdictions. These conclusions regarding the establishment of valuation allowances on the Company's deferred tax assets as of the third quarter of 2018 are consistent with the Company's conclusions on such matters as of the end of 2017. However, if the Company does not generate sufficient taxable income in future periods, its deferred tax assets may not be realizable on a more-likely-than-not basis. In such event, the Company may be required to establish an additional valuation allowance against its deferred tax assets in future periods, which would materially increase the Company's tax expense in the period in which the allowance is recognized and would adversely impact the Company's results of operations and statement of financial condition in such period. The Company will continue to monitor the circumstances that would require it to establish an additional valuation allowance on its deferred tax assets. Accordingly, depending on future evidence that may become available, the Company's assessments regarding its valuation allowance position may change.

ACCUMULATED OTHER COMPREHENSIVE LOSS

9 Months Ended

Sep. 30, 2018

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

ACCUMULATED OTHER COMPREHENSIVE LOSS

A roll-forward of the Company's accumulated other comprehensive loss as of September 30, 2018 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, 2018	$	(15.0	)	$	(212.4	)	$	(0.7	)	$	(0.3	)	$	(228.4	)
Currency translation adjustment	(12.3		)	—			—			—			(12.3		)
Amortization of pension related costs, net of tax of $(0.8) million^(a)	—			6.5			—			—			6.5
Amortization of deferred losses related to the de-designated 2013 Interest Rate Swap, net of tax of $0.5 million^(b)	—			—			0.7			—			0.7
Other comprehensive (loss) income	$	(12.3	)	$	6.5		$	0.7		$	—		$	(5.1	)
Balance at September 30, 2018	$	(27.3	)	$	(205.9	)	$	—		$	(0.3	)	$	(233.5	)

^(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 10, "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 Products Corporation’s 2013 Interest Rate Swap, which expired in May 2018, net of amounts reclassified into earnings. See Note 13, "Financial Instruments" to the Consolidated Financial Statements in Revlon's 2017 Form 10-K for information regarding the 2013 Interest Rate Swap.

As shown above, other comprehensive income includes changes in the fair value of the 2013 Interest Rate Swap prior to the De-designation Date. As the 2013 Interest Rate Swap expired in May 2018 and had been fully amortized into earnings as of June 30, 2018, there was no activity related to the 2013 Interest Rate Swap for the three months ended September 30, 2018. The following is a roll-forward of the amounts reclassified out of accumulated other comprehensive loss into earnings during the nine months ended September 30, 2018:



	2013 Interest Rate Swap
Beginning accumulated losses at January 1, 2018	$	(0.7	)
Reclassifications into earnings (net of $0.5 million tax benefit)^(a)	0.7
Ending accumulated losses at September 30, 2018	$	—

^(a)Reclassified to interest expense.

The following is a roll-forward of the amounts reclassified out of accumulated other comprehensive loss into earnings as of the three and nine months ended September 30, 2017:



	2013 Interest Rate Swap
Beginning accumulated losses at June 30, 2017	$	(1.8	)
Reclassifications into earnings (net of $0.4 million tax benefit)^(a)	0.6
Ending accumulated losses at September 30, 2017	$	(1.2	)



	2013 Interest Rate Swap
Beginning accumulated losses at January 1, 2017	$	(3.0	)
Reclassifications into earnings (net of $1.1 million tax benefit)^(a)	1.8
Ending accumulated losses at September 30, 2017	$	(1.2	)

^(a) Reclassified to interest expense.

SEGMENT DATA AND RELATED INFORMATION

9 Months Ended

Sep. 30, 2018

Segment Reporting [Abstract]

SEGMENT DATA AND RELATED INFORMATION

Operating Segments

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 "Chief 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 Unaudited 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 Chief Executive Officer. As noted in Note 1, "Description of Business and Summary of Significant Accounting Policies," effective January 1, 2018, the Company operates in four new brand-centric reporting segments, in line with its new organizational structure that is operated based on four global brand teams. As a result, segment financial data for the three and nine months ended September 30, 2017 has been recast from what was presented in previous filings and presented under the new organizational structure.

As of September 30, 2018, the Company’s operations continue to be organized into the following reportable segments:

•

Revlon - The Revlon segment is comprised of the Company's flagship Revlon brands. Revlon segment products are primarily marketed, distributed and sold in the mass retail channel, large volume retailers, chain drug and food stores, chemist shops, hypermarkets, general merchandise stores, e-commerce sites, television shopping, department stores, professional hair and nail salons, one-stop shopping beauty retailers, specialty cosmetic stores and perfumeries in the U.S. and internationally under brands such as Revlon in color cosmetics; Revlon ColorSilk and Revlon Professional in hair color; Revlon in beauty tools; and Revlon in nail color.

•

Elizabeth Arden - The Elizabeth Arden segment is comprised of the Company's Elizabeth Arden branded products. The Elizabeth Arden segment markets, distributes and sells fragrances, skin care and color cosmetics primarily to prestige retailers, department and specialty stores, perfumeries, boutiques, e-commerce sites, the mass retail channel, travel retailers and distributors, as well as direct sales to consumers via its Elizabeth Arden branded retail stores and ElizabethArden.com e-commerce business, in the U.S. and internationally, under brands such as Elizabeth Arden Ceramide, Prevage, Eight Hour, SUPERSTART, Visible Difference and Skin Illuminating in the Elizabeth Arden skin care brands; and Elizabeth Arden White Tea, Elizabeth Arden Red Door, Elizabeth Arden 5th Avenue and Elizabeth Arden Green Tea in Elizabeth Arden fragrances.

•

Portfolio - The Company’s Portfolio segment markets, distributes and sells a comprehensive line of premium, specialty and mass products primarily to the mass retail channel, hair and nail salons and professional salon distributors in the U.S. and internationally and large volume retailers, specialty and department stores under brands such as Almay and SinfulColors in color cosmetics; CND in nail polishes and nail enhancements, including CND Shellac and CND Vinylux nail polishes; Cutex nail care products; Pure Ice in nail polishes; American Crew in men’s grooming products; and Mitchum in anti-perspirant deodorants. The Portfolio 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.; and a body care line under the Natural Honey brand and hair color line under the Llongueras brand (licensed from a third party) that are both sold in the mass retail channel, large volume retailers and other retailers, primarily in Spain.

•

Fragrances - The Fragrances segment includes the development, marketing and distribution of certain owned and licensed fragrances as well as the distribution of prestige fragrance brands owned by third parties. These products are typically sold to retailers in the U.S. and internationally, including prestige retailers, specialty stores, e-commerce sites, the mass retail channel, travel retailers and other international retailers. The owned and licensed fragrances include brands such as Juicy Couture, John Varvatos, All Saints, La Perla, Wildfox, Charlie, Curve, Elizabeth Taylor, Britney Spears, Christina Aguilera, Shawn Mendes, Halston, Ed Hardy, Geoffrey Beene, Alfred Sung, Giorgio Beverly Hills, Lucky Brand, Paul Sebastian, White Shoulders and Jennifer Aniston.

The Company's management evaluates segment profit for each of the Company's reportable segments. Effective January 1, 2018, the Company allocates corporate expenses to each reportable segment to arrive at segment profit, as these expenses are now included in the internal measure of segment operating performance. The Company defines segment profit as income from continuing operations before interest, taxes, depreciation, amortization, gains/losses on foreign currency fluctuations, gains/losses on the early extinguishment of debt and miscellaneous expenses. Segment profit also excludes the impact of certain items that are not directly attributable to the reportable segments' underlying operating performance. Such items are shown below in the table reconciling segment profit to consolidated income from continuing operations before income taxes. 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 Unaudited 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 Unaudited Consolidated Financial Statements.

The following table is a comparative summary of the Company’s net sales and segment profit by reportable segment for the periods presented. Prior period amounts have been restated to reflect the current period's presentation:



	Three Months Ended September 30,						Nine Months Ended September 30,
	2018			2017			2018			2017
Segment Net Sales:
Revlon	$	249.5		$	254.5		$	736.9		$	787.8
Elizabeth Arden	122.1			104.8			333.9			301.6
Portfolio	138.4			147.9			420.5			437.9
Fragrances	145.4			159.3			331.6			379.8
Total	$	655.4		$	666.5		$	1,822.9		$	1,907.1

Segment Profit:
Revlon	$	36.8		$	22.4		$	75.6		$	98.1
Elizabeth Arden	6.6			1.6			2.3			2.3
Portfolio	2.1			7.7			(5.8		)	7.7
Fragrances	26.9			22.0			41.2			38.7
Total	$	72.4		$	53.7		$	113.3		$	146.8

Reconciliation:
Total Segment Profit	$	72.4		$	53.7		$	113.3		146.8
Less:
Depreciation and amortization	40.1			37.9			119.4			111.7
Non-cash stock compensation expense	6.3			1.5			14.8			5.9
Non-Operating items:
Restructuring and related charges	3.8			6.6			14.8			12.3
Acquisition and integration costs	3.4			12.7			12.0			40.2
Loss on disposal of minority investment	—			—			20.1			—
Oxford SAP disruption-related charges	16.5			—			49.6			—
Elizabeth Arden 2016 Business Transformation Program	—			0.1			—			0.8
Elizabeth Arden inventory purchase accounting adjustment, cost of sales	—			—			—			17.2
Deferred compensation	—			0.3			—			2.0
Operating income (loss)	2.3			(5.4		)	(117.4		)	(43.3		)
Less:
Interest Expense	46.4			38.6			129.1			110.3
Amortization of debt issuance costs	3.8			2.3			9.1			6.8
Foreign currency losses (gains), net	1.1			(3.1		)	10.7			(16.8		)
Miscellaneous, net	0.4			0.4			0.6			1.8
Loss from continuing operations before income taxes	$	(49.4	)	$	(43.6	)	$	(266.9	)	$	(145.4	)

As of September 30, 2018, 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.

The following tables present the Company's segment net sales by geography and total net sales by classes of similar products for the periods presented:




	Three Months Ended September 30, 2018										Nine Months Ended September 30, 2018
	Revlon		Elizabeth Arden		Portfolio		Fragrances		Total		Revlon		Elizabeth Arden		Portfolio		Fragrances		Total
Geographic Area:
Net Sales
North America	$	123.1	$	40.3	$	88.1	$	99.3	$	350.8	$	388.2	$	96.2	$	264.8	$	216.9	$	966.1
EMEA*	57.9		48.3		40.5		33.2		179.9		166.5		141.4		126.0		81.6		515.5
Asia	28.6		23.2		1.1		3.4		56.3		78.5		71.6		3.1		9.9		163.1
Latin America*	19.9		3.2		6.0		3.4		32.5		49.3		7.9		16.8		10.5		84.5
Pacific*	20.0		7.1		2.7		6.1		35.9		54.4		16.8		9.8		12.7		93.7
	$	249.5	$	122.1	$	138.4	$	145.4	$	655.4	$	736.9	$	333.9	$	420.5	$	331.6	$	1,822.9




	Three Months Ended September 30, 2017										Nine Months Ended September 30, 2017
	Revlon		Elizabeth Arden		Portfolio		Fragrances		Total		Revlon		Elizabeth Arden		Portfolio		Fragrances		Total
Geographic Area:
Net Sales
North America	$	116.8	$	37.0	$	81.5	$	108.6	$	343.9	$	411.9	$	99.6	$	248.4	$	242.5	1,002.4
EMEA*	59.7		40.6		52.5		38.1		190.9		170.0		124.5		148.9		102.0		545.4
Asia	30.2		16.6		2.0		3.0		51.8		81.9		53.7		7.1		11.3		154.0
Latin America*	23.4		3.5		8.2		4.1		39.2		62.4		7.9		23.5		11.9		105.7
Pacific*	24.4		7.1		3.7		5.5		40.7		61.6		15.9		10.0		12.1		99.6
	$	254.5	$	104.8	$	147.9	$	159.3	$	666.5	$	787.8	$	301.6	$	437.9	$	379.8	$	1,907.1

* The EMEA region includes Europe, the Middle East, Africa and the Company's international Travel Retail business; the Latin America region includes Mexico; and the Pacific region includes Australia and New Zealand.



	Three Months Ended September 30,						Nine Months Ended September 30,
	2018			2017			2018			2017
Classes of similar products:
Net sales:
Color cosmetics	$	216.4	33%	$	230.3	35%	$	631.1	35%	$	710.5	37%
Fragrance	191.7		29%	199.1		30%	448.5		25%	492.0		26%
Hair care	129.6		20%	127.5		19%	391.0		21%	387.5		20%
Beauty care	49.7		8%	57.6		9%	147.5		8%	161.1		8%
Skin care	68.0		10%	52.0		8%	204.8		11%	156.0		8%
	$	655.4		$	666.5		$	1,822.9		$	1,907.1

The following table presents the Company's long-lived assets by geographic area as of September 30, 2018 and December 31, 2017:



	September 30, 2018			December 31, 2017
Long-lived assets, net:
United States	$	1,447.3	84%	$	1,480.1	83%
International	280.8		16%	295.6		17%
	$	1,728.1		$	1,775.7

BASIC AND DILUTED EARNINGS PER COMMON SHARE

9 Months Ended

Sep. 30, 2018

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 and unvested restricted stock units under the long-term incentive program under the Company’s Stock Plan using the treasury stock method. For the three and nine months ended September 30, 2018, diluted loss per share equals basic loss per share, as the assumed vesting of restricted stock and restricted stock units would have an anti-dilutive effect. As of September 30, 2018 and 2017, there were no outstanding stock options under the Company's Stock Plan. See Note 17, "Stock Compensation Plan," for information on certain restricted stock unit awards communicated to employees.

Following are the components of basic and diluted (loss) earnings per common share for the periods presented:



	Three months ended September 30,						Nine months ended September 30,
	2018			2017			2018			2017
Numerator:
Loss from continuing operations, net of taxes	$	(10.7	)	$	(32.8	)	$	(223.8	)	$	(107.6	)
(Loss) income from discontinued operations, net of taxes	(0.4		)	0.4			(0.1		)	1.3
Net loss	$	(11.1	)	$	(32.4	)	$	(223.9	)	$	(106.3	)
Denominator:
Weighted-average common shares outstanding – Basic	52,834,879			52,615,412			52,777,883			52,584,954
Effect of dilutive restricted stock	—			—			—			—
Weighted-average common shares outstanding – Diluted	52,834,879			52,615,412			52,777,883			52,584,954
Basic (loss) earnings per common share:
Continuing operations	$	(0.20	)	$	(0.62	)	$	(4.24	)	$	(2.04	)
Discontinued operations	(0.01		)	0.01			—			0.02
Net loss per common share	$	(0.21	)	$	(0.61	)	$	(4.24	)	$	(2.02	)
Diluted (loss) earnings per common share:
Continuing operations	$	(0.20	)	$	(0.62	)	$	(4.24	)	$	(2.04	)
Discontinued operations	(0.01		)	0.01			—			0.02
Net loss per common share	$	(0.21	)	$	(0.61	)	$	(4.24	)	$	(2.02	)

Unvested restricted stock and restricted stock unit awards under the Stock Plan^(a)	197,667			19,506			165,961			19,486


^(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	9 Months Ended
CONTINGENCIES	Sep. 30, 2018
Commitments and Contingencies Disclosure [Abstract]
CONTINGENCIES	CONTINGENCIES 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 motion was heard on March 29, 2018 and the parties await a decision. On August 14, 2018, the Court granted the motion and dismissed the Third Amended Complaint, with prejudice. On September 11, 2018, the plaintiffs filed a notice of appeal. The Company continues to believe these allegations 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 is involved in various other 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. 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	9 Months Ended
RELATED PARTY TRANSACTIONS	Sep. 30, 2018
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	RELATED PARTY TRANSACTIONS Reimbursement Agreements Revlon, Products Corporation and 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 the nine months ended September 30, 2018 and 2017 was $0.4 million and $3.6 million, respectively. The purchases during the nine months ended September 30, 2018 primarily included third party services purchased by MacAndrews & Forbes. The purchases during the nine months ended September 30, 2017 primarily included partial payments made by the Company to MacAndrews & Forbes 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, 2017 through January 2020. As of September 30, 2018 and December 31, 2017, a receivable balance of $0.4 million and a payable balance of $0.3 million, respectively, to MacAndrews & Forbes was included in the Company's Consolidated Balance Sheet for transactions subject to the Reimbursement Agreements. 2018 Senior Line of Credit Facility See Note 7, "Long-term Debt," regarding the 2018 Senior Line of Credit Agreement between Products Corporation and MacAndrews & Forbes. Other During the nine months ended September 30, 2018 and 2017, 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 $16.9 million and $24.4 million of coupon redemptions for the Company's retail customers for the nine months ended September 30, 2018 and 2017, respectively, for which the Company paid fees of approximately $0.2 million for each of the nine months ended September 30, 2018 and 2017, and other similar advertising, coupon redemption and raw material supply services, for which the Company paid fees aggregating to approximately $0.2 million and $0.3 million for the nine months ended September 30, 2018 and 2017, 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.

STOCK COMPENSATION PLAN

9 Months Ended

Sep. 30, 2018

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 ("RSUs") 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 2.7 million shares available for grant as of September 30, 2018. In July 2014, the Stock Plan was amended to renew the Stock Plan for a 7-year renewal term expiring on April 14, 2021.

Long-Term Incentive Program

In September 2018, the Company modified its 2018 long-term incentive program ("LTIP"), granting 811,010 time-based and performance-based RSU awards (the "2018 RSUs"). Half of the 2018 RSUs are time-based RSUs that vest ratably over a 3-year service period, while the remaining half of the 2018 RSUs are performance-based RSUs that cliff-vest at the completion of the 3-year performance period.

In addition, the Company modified its 2017 LTIP design to align with the 2018 plan, granting a total of 325,894 time-based and performance-based RSUs (the "2017 RSUs" and together with the 2018 RSUs, the "RSUs"). Half of the 2017 RSUs are time-based RSUs that vest ratably over a 2-year service period, while the remaining half of the 2017 RSUs are performance-based RSUs that cliff-vest at the completion of the 2-year performance period.

The fair value of the RSUs is determined based on the NYSE closing share price on the grant date.

Time-Based RSUs

The time-based 2018 RSUs vest ratably over a 3-year service period, with the first tranche of such grants vesting in March 2019, while the time-based 2017 RSUs vest ratably over a 2-year service period, with the first tranche of such grants vesting in March 2019. During the nine months ended September 30, 2018, shares granted to eligible employees and the weighted-average grant date fair value per share related to the time-based RSUs were as follows:



	Time-Based RSUs	Weighted-Average Grant Date Fair Value per RSU
2018	405,505	19.05
2017	162,947	19.70

The Company recognized compensation expense related to the RSUs of $2.7 million for the nine months ended September 30, 2018. As of September 30, 2018, the Company had $8.4 million of total deferred compensation expense related to non-vested time-based RSUs. The cost is recognized over the vesting period of the awards, as described above. During the nine months ended September 30, 2018, there were no time-based RSUs that vested.

Performance-based RSUs

The performance-based portion of the RSUs will vest based on the achievement of certain Company performance metrics. The minimum percentage of the performance-based RSUs that can vest is 0%, with a target percentage of 100% and a maximum percentage of 150%. During the nine months ended September 30, 2018, performance-based RSUs granted to eligible employees and the grant date fair value per share related to the performance-based RSUs were as follows:



	Performance-Based RSUs	Weighted-Average Grant Date Fair Value per RSU
2018	405,505	19.05
2017	162,947	19.70

The Company recognized compensation expense related to the performance-based RSUs of $2.7 million for the nine months ended September 30, 2018. As of September 30, 2018, the Company had $8.4 million of total deferred compensation expense related to non-vested performance-based RSUs, which is recognized over the 3-year performance cycle of the performance-based 2018 RSUs and 2 years for the performance-based 2017 RSUs. During the nine months ended September 30, 2018, there were no performance-based RSUs that vested.

SUBSEQUENT EVENTS

9 Months Ended

Sep. 30, 2018

Subsequent Events [Abstract]

SUBSEQUENT EVENTS

On November 9, 2018, the Company announced that it was moving forward with a new 2018 Optimization Program designed to streamline the Company’s operations, reporting structures and business processes, with the objective of maximizing productivity and improving profitability, cash flows and liquidity.

The major initiatives underlying the 2018 Optimization Program include:


•	Optimizing Global Supply Chain: Realizing manufacturing efficiencies and rationalizing the Company's global warehouse network and office locations to drive greater efficiency, lower its cost base and enhance the Company's speed-to-market capabilities for new innovations;


•	Enhancing In-Market Execution: Optimizing the Company's commercial and organizational structures to create more efficient global and regional capabilities;


•	Reducing Overhead Costs and Streamlining Functions: Streamlining functions and workflows by leveraging technology and shared services and standardizing and simplifying the Company's business processes, leading to greater agility and faster decision-making.

In connection with implementing the 2018 Optimization Program, the Company expects to recognize approximately $30 million to $40 million of total pre-tax restructuring and related charges, consisting of employee-related costs, such as severance, pension and other termination costs, as well as related third party expenses. The Company also expects to incur approximately $10 million of additional capital expenditures. Of the restructuring charges, the Company expects that it will record in the fourth quarter of 2018 an estimated pre-tax restructuring charge of approximately $8 million to $10 million, with the balance to be recognized in 2019. Approximately 85% of the restructuring charges are expected to be paid in cash, with approximately $6 million to $8 million expected to be paid in 2018 and $20 million to $26 million in 2019.

DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
	Sep. 30, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	The preparation of the Company's Unaudited 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 Unaudited Consolidated Financial Statements in the period they are determined to be necessary. Significant estimates made in the accompanying Unaudited 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; and 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. The Unaudited Consolidated Financial Statements should be read in conjunction with the audited consolidated financial statements and related notes contained in Revlon's 2017 Form 10-K.
Recently Adopted and Recently Issued Accounting Pronouncements	Recently Adopted Accounting Pronouncements Revenue Recognition In May 2014, the FASB issued Accounting Standards Update ("ASU") No. 2014-09, "Revenue from Contracts with Customers." This standard replaced most existing revenue recognition guidance in U.S. GAAP and codified guidance under FASB Topic 606. The underlying principle of this guidance 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 that the entity expects that it will be entitled to receive in exchange for those goods or services. The Company adopted ASU No. 2014-09 as of January 1, 2018 using the modified retrospective method. Results for the reporting period beginning after January 1, 2018 are presented under Topic 606, while prior period amounts continue to be reported in accordance with the Company's historic accounting practices under previous guidance. However, 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 FASB Topic 606 are consistent with the Company's revenue recognition policy under previous guidance. In accordance with the new guidance, the Company recognizes revenue at an amount that reflects the consideration that the Company expects that it will be entitled to receive in exchange for transferring goods or services to its customers. The Company's policy is to record revenue when control of the goods transfers to the customer. Net sales are comprised of gross revenues from sales of products 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. 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. For returned products that the Company expects to resell at a profit, the Company records, in addition to sales returns as a reduction to sales and cost of sales and an increase to accrued liabilities for the amount expected to be refunded to the customer, an increase to the asset account used to reflect the Company's right to recover products. The amount of the asset account is valued based upon the former carrying amount of the product (i.e., inventory), less any expected costs to recover the products. As the estimated product returns that are expected to be resold at a profit do not comprise a significant amount of the Company's net sales or assets, the Company does not separately report these amounts. The Company's revenues are also net of certain marketing arrangements with its retail customers. Pursuant to its trade terms with these retail customers, the Company reimburses them for a portion of their advertising costs, which provide advertising benefits to the Company. These arrangements are in the form of marketing development funds and/or cooperative advertising and are used by the Company to drive sales. The advertising programs follow an annual schedule of planned events that is continually updated based on the Company's needs and contractual terms. As these marketing expenditures cannot be directly linked to product sales, the Company records these expenses as a reduction of revenue at the higher of actual spend or estimated costs based on a reserve rate methodology. This did not result in any impact to the Company's financial statements in any of the periods presented. In limited instances when products are sold under consignment arrangements, the Company does not recognize revenue until control over such products has transferred to the end consumer. Other revenues, primarily royalties, do not comprise a material amount of the Company's net sales. The Company incurs costs associated with product distribution, such as freight and handling costs. The Company has elected to treat these costs as fulfillment activities and recognizes these costs at the same time that it recognizes the underlying product revenue. As this policy election is in line with the Company's previous accounting practices, the treatment of shipping and handling activities under FASB Topic 606 did not have any impact on the Company's results of operations, financial condition and/or financial statement disclosures. As a result, the adoption of the new guidance under ASU No. 2014-09 did not have a material impact on the Company's revenues, results of operations or financial condition. The Company has expanded its financial statement disclosures as required by this new standard. See Note 13, "Segment Data and Related Information," for additional disclosures provided as a result of this ASU. Other 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 items as other employee compensation costs arising from services rendered during the period. The other components of NPPC and NPPBC are to be presented separately from this line item and below any subtotal of operating income. In addition, only the service cost component would be eligible for capitalization in assets. The Company adopted ASU No. 2017-07 as of January 1, 2018 and while its adoption did not have a material impact on the Company's results of operations, financial condition and/or financial statement disclosures, it did result in net periodic benefit cost of $0.1 million for the three months ended September 30, 2017, as previously reported in cost of sales and selling, general and administrative ("SG&A") expenses in the Company's Unaudited Consolidated Statement of Operations and Comprehensive (Loss) Income, being reclassified below operating income in the miscellaneous, net line item. There was no reclassification impact for the nine months ended September 30, 2017. See Note 10, "Pension and Post-Retirement Benefits" for more information. Recently Issued Accounting Pronouncements 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 related lease 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 certain adjustments, such as 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. Upon evaluation, the Company believes that the main change as a result of its adopting ASU No. 2016-02 will be the recognition of its lease liabilities and corresponding right-of-use assets on the Company's balance sheet, but expects minimal impact to its statement of operations or cash flows. The Company continues to assess the impact that the adoption of this new guidance will have on its financial statements and will estimate the impact on its consolidated balance sheet when filing its Annual Report on Form 10-K for the fiscal year ended December 31, 2018. In August 2018, the FASB issued ASU No. 2018-15, "Internal Use Software (Subtopic 350-40) - Customer's Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement that is a Service Contract," which requires a customer in a cloud computing hosting arrangement that is a service contract to follow the existing guidance in ASC 350-40 on internal-use software to determine which implementation costs to defer and recognize as an asset and which costs are expensed as incurred. The new guidance specifies the financial statement presentation of capitalized implementation costs and the related amortization and requires entities to disclose the nature of hosting arrangements that are service contracts; the amount of implementation costs capitalized, amortized and impaired in each reporting period; and provide disclosures about significant judgments made when applying the guidance. Implementation costs that are recognized as an asset under the new guidance would be expensed over the term of the hosting arrangement. The term of the hosting arrangement would be the non-cancellable period of the arrangement and certain periods covered by options to renew the arrangement. The Company currently presents the cost of acquired software as a component of property, plant and equipment in its consolidated financial statements. This guidance is effective for annual periods beginning after December 15, 2019, with early adoption permitted. The Company will adopt ASU No. 2018-15 beginning as of January 1, 2020 and is in the process of assessing the impact, if any, that this new guidance is expected to have on the Company’s results of operations, financial condition and/or financial statement disclosures.

RESTRUCTURING CHARGES (Tables)

9 Months Ended

Sep. 30, 2018

Restructuring and Related Activities [Abstract]

Schedule of Restructuring and Related Charges

A summary of the EA Integration Restructuring Charges incurred through September 30, 2018 is presented in the following table:



	Restructuring Charges and Other, Net
	Employee Severance and Other Personnel Benefits		Lease Termination and Other Costs				Total Restructuring Charges		Inventory Adjustments^(b)		Other Related Charges^(c)		Total Restructuring and Related Charges
Charges incurred through December 31, 2017	$	62.8	$	5.0			$	67.8	$	1.4	$	3.0	$	72.2
Charges incurred during the nine months ended September 30, 2018	12.7		(1.1		)	^(a)	11.6		0.4		—		12.0
Cumulative charges incurred through September 30, 2018	$	75.5	$	3.9			$	79.4	$	1.8	$	3.0	$	84.2

^(a) Primarily represents the reversal of lease termination costs related to certain re-occupied office space.

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

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

A summary of the EA Integration Restructuring Charges incurred through September 30, 2018 by reportable segment is presented in the following table:



	Charges incurred during the nine months ended September 30, 2018		Cumulative charges incurred through September 30, 2018
Revlon	$	8.6	$	33.2
Elizabeth Arden	0.4		13.2
Portfolio	0.8		14.2
Fragrances	1.8		18.8
Total	$	11.6	$	79.4

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, 2018		Expense (Income), Net			Foreign Currency Translation			Cash			Non-cash		Liability Balance at September 30, 2018
EA Integration Restructuring Program:^(a)
Employee severance and other personnel benefits	$	25.8	$	12.7		$	(0.2	)	$	(17.6	)	$	—	$	20.7
Other	3.9		(0.7		)	—			(0.8		)	—		2.4
Total EA Integration Restructuring Program	29.7		12.0			(0.2		)	(18.4		)	—		23.1

Other individually immaterial actions:
Employee severance and other personnel benefits	2.5		2.3			—			(2.5		)	—		2.3
Other	1.7		—			(0.1		)	—			—		1.6
Total other individually immaterial actions	4.2		2.3			(0.1		)	(2.5		)	—		3.9
Total restructuring reserve	$	33.9	$	14.3		$	(0.3	)	$	(20.9	)	$	—	$	27.0

DISCONTINUED OPERATIONS (Tables)

9 Months Ended

Sep. 30, 2018

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Discontinued Operations

The summary comparative financial results of discontinued operations were as follows for the periods presented:



	Three Months Ended September 30,					Nine Months Ended September 30,
	2018			2017		2018			2017
Net sales	$	—		$	—	$	—		$	—
(Loss) income from discontinued operations, before taxes	(0.4		)	0.7		(0.1		)	1.6
Provision for income taxes	—			0.3		—			0.3
(Loss) income from discontinued operations, net of taxes	(0.4		)	0.4		(0.1		)	1.3

As of September 30, 2018 and December 31, 2017, assets and liabilities of the China discontinued operations included in the Consolidated Balance Sheets consisted of the following:



	September 30,		December 31,
	2018		2017
Cash and cash equivalents	$	1.1	$	1.3
Trade receivables, net	0.2		0.2
Total current assets	1.3		1.5
Total assets	$	1.3	$	1.5

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

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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 50
-Paragraph 3A
-URI http://asc.fasb.org/extlink&oid=109226691&loc=SL51724579-110230

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=109222650&loc=d3e1474-107760

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 5D
-URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721677-107760

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 45
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=109222160&loc=SL51721533-107759

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 3A
-URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721659-107760

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 4B
-URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721665-107760

Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=109226691&loc=d3e2941-110230

Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 5C
-URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721675-107760

Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721683-107760

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=109222650&loc=d3e1361-107760

Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 5A
-URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721671-107760

Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 5B
-URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721673-107760

Reference 13: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 4A
-URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721663-107760

+ Details

INVENTORIES (Tables)

9 Months Ended

Sep. 30, 2018

Inventory Disclosure [Abstract]

As of September 30, 2018 and December 31, 2017, the Company's inventory balances consisted of the following:



	September 30,		December 31,
	2018		2017
Raw materials and supplies	$	160.4	$	123.4
Work-in-process	11.0		22.0
Finished goods	416.2		352.5
	$	587.6	$	497.9

GOODWILL AND INTANGIBLE ASSETS, NET (Tables)

9 Months Ended

Sep. 30, 2018

Goodwill and Intangible Assets Disclosure [Abstract]

Changes in Goodwill by Segment



	Revlon			Portfolio			Elizabeth Arden		Fragrances		Total
Balance at January 1, 2018	$	265.3		$	189.5		$	116.9	$	120.8	$	692.5
Foreign currency translation adjustment	(0.2		)	(0.2		)	—		—		(0.4		)
Balance at September 30, 2018	$	265.1		$	189.3		$	116.9	$	120.8	$	692.1

Cumulative goodwill impairment charges^(a)											$	37.2

^(a)Cumulative goodwill impairment charges relate to impairments recognized in 2015 and 2017; no impairment charges were recognized during the nine months ended September 30, 2018.

Summary of Finite-Lived Intangible Assets

The following tables present details of the Company's total intangible assets as of September 30, 2018 and December 31, 2017:



	September 30, 2018
	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Weighted-Average Useful Life (in Years)
Finite-lived intangible assets:
Trademarks and licenses	$	272.3	$	(87.8	)	$	184.5	13
Customer relationships	249.0		(58.3		)	190.7		12
Patents and internally-developed intellectual property	20.9		(9.7		)	11.2		6
Distribution rights	31.0		(3.6		)	27.4		16
Other	1.3		(0.9		)	0.4		1
Total finite-lived intangible assets	$	574.5	$	(160.3	)	$	414.2

Indefinite-lived intangible assets:
Trade names	$	145.9	N/A			$	145.9
Total indefinite-lived intangible assets	$	145.9	N/A			$	145.9

Total intangible assets	$	720.4	$	(160.3	)	$	560.1

	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 intellectual property	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	N/A			$	147.9
Total indefinite-lived intangible assets	$	147.9	N/A			$	147.9

Total intangible assets	$	723.0	$	(130.9	)	$	592.1

Summary of Indefinite-Lived Intangible Assets

The following tables present details of the Company's total intangible assets as of September 30, 2018 and December 31, 2017:



	September 30, 2018
	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Weighted-Average Useful Life (in Years)
Finite-lived intangible assets:
Trademarks and licenses	$	272.3	$	(87.8	)	$	184.5	13
Customer relationships	249.0		(58.3		)	190.7		12
Patents and internally-developed intellectual property	20.9		(9.7		)	11.2		6
Distribution rights	31.0		(3.6		)	27.4		16
Other	1.3		(0.9		)	0.4		1
Total finite-lived intangible assets	$	574.5	$	(160.3	)	$	414.2

Indefinite-lived intangible assets:
Trade names	$	145.9	N/A			$	145.9
Total indefinite-lived intangible assets	$	145.9	N/A			$	145.9

Total intangible assets	$	720.4	$	(160.3	)	$	560.1

	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 intellectual property	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	N/A			$	147.9
Total indefinite-lived intangible assets	$	147.9	N/A			$	147.9

Total intangible assets	$	723.0	$	(130.9	)	$	592.1

Estimated Future Amortization Expense



	Estimated Amortization Expense
2018	$	9.6
2019	37.8
2020	37.1
2021	36.1
2022	34.7
Thereafter	258.9
Total	$	414.2

LONG-TERM DEBT (Tables)

9 Months Ended

Sep. 30, 2018

Debt Disclosure [Abstract]

Components of Long-Term Debt

As of September 30, 2018 and December 31, 2017, the Company's debt balances consisted of the following:



	September 30, 2018			December 31, 2017
2016 Term Loan Facility: 2016 Term Loan due 2023, net of discounts and debt issuance costs^(a)	$	1,727.4		$	1,735.9
2016 Revolving Credit Facility due 2021, net of debt issuance costs^(b)	402.2			152.1
5.75% Senior Notes due 2021, net of debt issuance costs^(c)	496.2			495.1
6.25% Senior Notes due 2024, net of debt issuance costs^(d)	441.1			440.3
2018 Foreign Asset-Based Term Loan Credit Agreement due 2021, net of debt issuance costs^(e)	84.3			—
Spanish Government Loan due 2025	0.5			0.5
	$	3,151.7		$	2,823.9
Less current portion^(*)	(420.3		)	(170.2		)
	$	2,731.4		$	2,653.7

Short-term borrowings^(f)	$	21.4		$	12.4

Schedule of Line of Credit Facilities

At September 30, 2018, the aggregate principal amounts outstanding and availability under Products Corporation’s various revolving credit facilities were as follows:



	Commitment		Borrowing Base		Aggregate principal amount outstanding at September 30, 2018		Availability at September 30, 2018
Tranche A of the 2016 Revolving Credit Facility	$	400.0	$	433.8	$	366.8	^(a)N/A
Tranche B of the 2016 Revolving Credit Facility	41.5		44.3		41.5		N/A
Total Tranche A & B of the 2016 Revolving Credit Facility^(a)	$	441.5	$	478.1	$	408.3	$	1.0
2018 Senior Line of Credit Facility	50.0		N/A		11.0		39.0

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://fasb.org/us-gaap/role/ref/legacyRef
-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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 1A
-URI http://asc.fasb.org/extlink&oid=114775744&loc=d3e28541-108399

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21506-112644

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(e),(f))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=114775744&loc=d3e28551-108399

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21521-112644

Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21538-112644

Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 470
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=75038535&loc=d3e64711-112823

Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 55
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=114775985&loc=d3e28878-108400

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21475-112644

+ Details

FAIR VALUE MEASUREMENTS (Tables)

9 Months Ended

Sep. 30, 2018

Fair Value Disclosures [Abstract]

As of September 30, 2018, 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:



	September 30, 2018
	Total		Level 1		Level 2		Level 3
Assets:
Derivatives:
FX Contracts^(a)	$	0.1	$	—	$	0.1	$	—
Total assets at fair value	$	0.1	$	—	$	0.1	$	—
Liabilities:
Derivatives:
FX Contracts^(a)	$	0.1	$	—	$	0.1	$	—
Total liabilities at fair value	$	0.1	$	—	$	0.1	$	—

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:



	December 31, 2017
	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	$	—

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

As of September 30, 2018, 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:



	September 30, 2018
	Fair Value
	Level 1		Level 2		Level 3		Total		Carrying Value
Liabilities:
Long-term debt, including current portion^(a)	$	—	$	2,539.3	$	—	$	2,539.3	$	3,151.7

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:



	December 31, 2017
	Fair Value
	Level 1		Level 2		Level 3		Total		Carrying Value
Liabilities:
Long-term debt, including current portion^(a)	$	—	$	2,131.5	$	—	$	2,131.5	$	2,823.9

^(a)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.

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)

9 Months Ended

Sep. 30, 2018

Fair Value of Derivative Financial Instruments in Consolidated Balance Sheet

As of September 30, 2018 and December 31, 2017, 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

September 30,
2018

December 31,
2017

Balance Sheet

September 30,
2018

December 31,
2017

Classification

Fair Value

Classification

Fair Value

Derivative financial instruments:

FX Contracts^(a)

Prepaid expenses and other

0.1

0.6

Accrued Expenses and other

0.1

1.9

2013 Interest Rate Swap^(b)

Prepaid expenses and other

—

Accrued expenses and other

—

0.9

^(b) The fair value of the 2013 Interest Rate Swap as of December 31, 2017 was measured based on the implied forward rate from the U.S. Dollar 3-month LIBOR yield curve as of December 31, 2017.

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

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



Derivative Instruments	Statement of Operations Classification	Amount of Gain (Loss) Recognized in Net (Loss) Income
		Three Months Ended September 30,					Nine Months Ended September 30,
		2018		2017			2018			2017
Derivative financial instruments:
2013 Interest Rate Swap	Interest Expense	$	—	$	(0.9	)	$	(1.2	)	$	(2.9	)
FX Contracts	Foreign currency gain (loss), net	—		(2.4		)	0.2			(4.0		)
2013 Interest Rate Swap	Miscellaneous, net	—		—			0.2			(0.1		)



	Amount of Gain Recognized in Other Comprehensive (Loss) Income
	Three Months Ended September 30,				Nine Months Ended September 30,
	2018		2017		2018		2017
Derivatives previously designated as hedging instruments:
2013 Interest Rate Swap, net of tax ^(a)	$	—	$	0.6	$	0.7	$	1.8

PENSION AND POST-RETIREMENT BENEFITS (Tables)

9 Months Ended

Sep. 30, 2018

Retirement Benefits [Abstract]

Components of Net Periodic Benefit (Income) Costs



	Pension Plans						Other Post-Retirement Benefit Plans
	Nine Months Ended September 30,
	2018			2017			2018		2017
Net periodic benefit costs:
Service cost	$	1.5		$	1.9		$	—	$	—
Interest cost	13.9			14.7			0.3		0.3
Expected return on plan assets	(20.8		)	(21.4		)	—		—
Amortization of actuarial loss	6.9			7.1			0.3		0.2
Curtailment gain^(a)	—			(0.8		)	—		—
Total net periodic benefit costs prior to allocation	$	1.5		$	1.5		$	0.6	$	0.5
Portion allocated to Revlon Holdings	(0.1		)	(0.1		)	—		—
Total net periodic benefit costs	$	1.4		$	1.4		$	0.6	$	0.5

The components of net periodic benefit costs for the Company's pension and the other post-retirement benefit plans were as follows for the periods presented:



	Pension Plans						Other Post-Retirement Benefit Plans
	Three Months Ended September 30,
	2018			2017			2018		2017
Net periodic benefit costs:
Service cost	$	0.5		$	0.6		$	—	$	—
Interest cost	4.6			4.9			0.1		0.1
Expected return on plan assets	(6.9		)	(7.1		)	—		—
Amortization of actuarial loss	2.4			2.3			0.1		—
Total net periodic benefit costs	$	0.6		$	0.7		$	0.2	$	0.1

Classification of Net Periodic Benefit (Income) Costs

Net periodic benefit costs are reflected in the Company's Consolidated Financial Statements as follows for the periods presented:



	Three Months Ended September 30,				Nine Months Ended September 30,
	2018		2017		2018		2017
Net periodic benefit costs:
Cost of sales	$	—	$	—	$	—	$	—
Selling, general and administrative expense	0.5		0.7		1.5		1.9
Miscellaneous, net	0.3		0.1		0.5		—
Total net periodic benefit costs^(a)	$	0.8	$	0.8	$	2.0	$	1.9

ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables)

9 Months Ended

Sep. 30, 2018

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 as of September 30, 2018 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, 2018	$	(15.0	)	$	(212.4	)	$	(0.7	)	$	(0.3	)	$	(228.4	)
Currency translation adjustment	(12.3		)	—			—			—			(12.3		)
Amortization of pension related costs, net of tax of $(0.8) million^(a)	—			6.5			—			—			6.5
Amortization of deferred losses related to the de-designated 2013 Interest Rate Swap, net of tax of $0.5 million^(b)	—			—			0.7			—			0.7
Other comprehensive (loss) income	$	(12.3	)	$	6.5		$	0.7		$	—		$	(5.1	)
Balance at September 30, 2018	$	(27.3	)	$	(205.9	)	$	—		$	(0.3	)	$	(233.5	)

Reclassification out of Accumulated Other Comprehensive Loss

The following is a roll-forward of the amounts reclassified out of accumulated other comprehensive loss into earnings during the nine months ended September 30, 2018:



	2013 Interest Rate Swap
Beginning accumulated losses at January 1, 2018	$	(0.7	)
Reclassifications into earnings (net of $0.5 million tax benefit)^(a)	0.7
Ending accumulated losses at September 30, 2018	$	—

^(a)Reclassified to interest expense.

The following is a roll-forward of the amounts reclassified out of accumulated other comprehensive loss into earnings as of the three and nine months ended September 30, 2017:



	2013 Interest Rate Swap
Beginning accumulated losses at June 30, 2017	$	(1.8	)
Reclassifications into earnings (net of $0.4 million tax benefit)^(a)	0.6
Ending accumulated losses at September 30, 2017	$	(1.2	)



	2013 Interest Rate Swap
Beginning accumulated losses at January 1, 2017	$	(3.0	)
Reclassifications into earnings (net of $1.1 million tax benefit)^(a)	1.8
Ending accumulated losses at September 30, 2017	$	(1.2	)

^(a) Reclassified to interest expense.

SEGMENT DATA AND RELATED INFORMATION (Tables)

9 Months Ended

Sep. 30, 2018

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment



	Three Months Ended September 30,						Nine Months Ended September 30,
	2018			2017			2018			2017
Segment Net Sales:
Revlon	$	249.5		$	254.5		$	736.9		$	787.8
Elizabeth Arden	122.1			104.8			333.9			301.6
Portfolio	138.4			147.9			420.5			437.9
Fragrances	145.4			159.3			331.6			379.8
Total	$	655.4		$	666.5		$	1,822.9		$	1,907.1

Segment Profit:
Revlon	$	36.8		$	22.4		$	75.6		$	98.1
Elizabeth Arden	6.6			1.6			2.3			2.3
Portfolio	2.1			7.7			(5.8		)	7.7
Fragrances	26.9			22.0			41.2			38.7
Total	$	72.4		$	53.7		$	113.3		$	146.8

Reconciliation:
Total Segment Profit	$	72.4		$	53.7		$	113.3		146.8
Less:
Depreciation and amortization	40.1			37.9			119.4			111.7
Non-cash stock compensation expense	6.3			1.5			14.8			5.9
Non-Operating items:
Restructuring and related charges	3.8			6.6			14.8			12.3
Acquisition and integration costs	3.4			12.7			12.0			40.2
Loss on disposal of minority investment	—			—			20.1			—
Oxford SAP disruption-related charges	16.5			—			49.6			—
Elizabeth Arden 2016 Business Transformation Program	—			0.1			—			0.8
Elizabeth Arden inventory purchase accounting adjustment, cost of sales	—			—			—			17.2
Deferred compensation	—			0.3			—			2.0
Operating income (loss)	2.3			(5.4		)	(117.4		)	(43.3		)
Less:
Interest Expense	46.4			38.6			129.1			110.3
Amortization of debt issuance costs	3.8			2.3			9.1			6.8
Foreign currency losses (gains), net	1.1			(3.1		)	10.7			(16.8		)
Miscellaneous, net	0.4			0.4			0.6			1.8
Loss from continuing operations before income taxes	$	(49.4	)	$	(43.6	)	$	(266.9	)	$	(145.4	)

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

The following tables present the Company's segment net sales by geography and total net sales by classes of similar products for the periods presented:




	Three Months Ended September 30, 2018										Nine Months Ended September 30, 2018
	Revlon		Elizabeth Arden		Portfolio		Fragrances		Total		Revlon		Elizabeth Arden		Portfolio		Fragrances		Total
Geographic Area:
Net Sales
North America	$	123.1	$	40.3	$	88.1	$	99.3	$	350.8	$	388.2	$	96.2	$	264.8	$	216.9	$	966.1
EMEA*	57.9		48.3		40.5		33.2		179.9		166.5		141.4		126.0		81.6		515.5
Asia	28.6		23.2		1.1		3.4		56.3		78.5		71.6		3.1		9.9		163.1
Latin America*	19.9		3.2		6.0		3.4		32.5		49.3		7.9		16.8		10.5		84.5
Pacific*	20.0		7.1		2.7		6.1		35.9		54.4		16.8		9.8		12.7		93.7
	$	249.5	$	122.1	$	138.4	$	145.4	$	655.4	$	736.9	$	333.9	$	420.5	$	331.6	$	1,822.9




	Three Months Ended September 30, 2017										Nine Months Ended September 30, 2017
	Revlon		Elizabeth Arden		Portfolio		Fragrances		Total		Revlon		Elizabeth Arden		Portfolio		Fragrances		Total
Geographic Area:
Net Sales
North America	$	116.8	$	37.0	$	81.5	$	108.6	$	343.9	$	411.9	$	99.6	$	248.4	$	242.5	1,002.4
EMEA*	59.7		40.6		52.5		38.1		190.9		170.0		124.5		148.9		102.0		545.4
Asia	30.2		16.6		2.0		3.0		51.8		81.9		53.7		7.1		11.3		154.0
Latin America*	23.4		3.5		8.2		4.1		39.2		62.4		7.9		23.5		11.9		105.7
Pacific*	24.4		7.1		3.7		5.5		40.7		61.6		15.9		10.0		12.1		99.6
	$	254.5	$	104.8	$	147.9	$	159.3	$	666.5	$	787.8	$	301.6	$	437.9	$	379.8	$	1,907.1

The following table presents the Company's long-lived assets by geographic area as of September 30, 2018 and December 31, 2017:



	September 30, 2018			December 31, 2017
Long-lived assets, net:
United States	$	1,447.3	84%	$	1,480.1	83%
International	280.8		16%	295.6		17%
	$	1,728.1		$	1,775.7

Schedule of Net Sales by Classes of Similar Products



	Three Months Ended September 30,						Nine Months Ended September 30,
	2018			2017			2018			2017
Classes of similar products:
Net sales:
Color cosmetics	$	216.4	33%	$	230.3	35%	$	631.1	35%	$	710.5	37%
Fragrance	191.7		29%	199.1		30%	448.5		25%	492.0		26%
Hair care	129.6		20%	127.5		19%	391.0		21%	387.5		20%
Beauty care	49.7		8%	57.6		9%	147.5		8%	161.1		8%
Skin care	68.0		10%	52.0		8%	204.8		11%	156.0		8%
	$	655.4		$	666.5		$	1,822.9		$	1,907.1

BASIC AND DILUTED EARNINGS PER COMMON SHARE (Tables)

9 Months Ended

Sep. 30, 2018

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 the periods presented:



	Three months ended September 30,						Nine months ended September 30,
	2018			2017			2018			2017
Numerator:
Loss from continuing operations, net of taxes	$	(10.7	)	$	(32.8	)	$	(223.8	)	$	(107.6	)
(Loss) income from discontinued operations, net of taxes	(0.4		)	0.4			(0.1		)	1.3
Net loss	$	(11.1	)	$	(32.4	)	$	(223.9	)	$	(106.3	)
Denominator:
Weighted-average common shares outstanding – Basic	52,834,879			52,615,412			52,777,883			52,584,954
Effect of dilutive restricted stock	—			—			—			—
Weighted-average common shares outstanding – Diluted	52,834,879			52,615,412			52,777,883			52,584,954
Basic (loss) earnings per common share:
Continuing operations	$	(0.20	)	$	(0.62	)	$	(4.24	)	$	(2.04	)
Discontinued operations	(0.01		)	0.01			—			0.02
Net loss per common share	$	(0.21	)	$	(0.61	)	$	(4.24	)	$	(2.02	)
Diluted (loss) earnings per common share:
Continuing operations	$	(0.20	)	$	(0.62	)	$	(4.24	)	$	(2.04	)
Discontinued operations	(0.01		)	0.01			—			0.02
Net loss per common share	$	(0.21	)	$	(0.61	)	$	(4.24	)	$	(2.02	)

Unvested restricted stock and restricted stock unit awards under the Stock Plan^(a)	197,667			19,506			165,961			19,486


^(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.

STOCK COMPENSATION PLAN (Tables)

9 Months Ended

Sep. 30, 2018

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

Restricted stock units award activity

During the nine months ended September 30, 2018, performance-based RSUs granted to eligible employees and the grant date fair value per share related to the performance-based RSUs were as follows:



	Performance-Based RSUs	Weighted-Average Grant Date Fair Value per RSU
2018	405,505	19.05
2017	162,947	19.70

During the nine months ended September 30, 2018, shares granted to eligible employees and the weighted-average grant date fair value per share related to the time-based RSUs were as follows:



	Time-Based RSUs	Weighted-Average Grant Date Fair Value per RSU
2018	405,505	19.05
2017	162,947	19.70

DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Narrative (Details) $ in Millions		3 Months Ended	9 Months Ended
	Jun. 25, 2018 USD ($)	Sep. 30, 2017 USD ($)	Sep. 30, 2018 segment
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of reporting segments \| segment			4
Accounting Standards Update 2017-07
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Net periodic defined benefits expense (reversal of expense), excluding service cost component		$ 0.1
Elizabeth Arden 2% Convertible Note
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Gain (loss) on sale of investments	$ 20.1
Early contract termination fee	1.5
Write-off of early termination of contract	$ 18.6

RESTRUCTURING CHARGES - Additional Information (Details) $ in Millions	9 Months Ended	21 Months Ended
	Sep. 30, 2018 USD ($)	Sep. 30, 2018 USD ($)
Restructuring Cost and Reserve [Line Items]
Payments for restructuring	$ 20.9
EA Integration Restructuring Program
Restructuring Cost and Reserve [Line Items]
Payments for restructuring	18.4	$ 60.9
EA Integration Restructuring Program \| Minimum
Restructuring Cost and Reserve [Line Items]
Expected restructuring and related charges	90.0	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	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	17.6
EA Integration Restructuring Program \| Employee-related costs \| Minimum
Restructuring Cost and Reserve [Line Items]
Expected restructuring and related charges	70.0	70.0
EA Integration Restructuring Program \| Employee-related costs \| Maximum
Restructuring Cost and Reserve [Line Items]
Expected restructuring and related charges	75.0	75.0
EA Integration Restructuring Program \| Lease termination costs
Restructuring Cost and Reserve [Line Items]
Expected restructuring and related charges	10.0	10.0
EA Integration Restructuring Program \| Other
Restructuring Cost and Reserve [Line Items]
Expected restructuring and related charges	10.0	$ 10.0
Payments for restructuring	$ 0.8

RESTRUCTURING CHARGES - Restructuring and Related Charges (Details) - EA Integration Restructuring Program - USD ($) $ in Millions	9 Months Ended	12 Months Ended
	Sep. 30, 2018	Dec. 31, 2017
Restructuring Cost and Reserve [Line Items]
Restructuring charges and other	$ 12.0	$ 72.2
Cumulative charges incurred	84.2
Employee Severance and Other Personnel Benefits
Restructuring Cost and Reserve [Line Items]
Restructuring charges and other	12.7	62.8
Cumulative charges incurred	75.5
Lease Termination and Other Costs
Restructuring Cost and Reserve [Line Items]
Restructuring charges and other	(1.1)	5.0
Cumulative charges incurred	3.9
Total Restructuring Charges
Restructuring Cost and Reserve [Line Items]
Restructuring charges and other	11.6	67.8
Cumulative charges incurred	79.4
Inventory Adjustments
Restructuring Cost and Reserve [Line Items]
Restructuring charges and other	0.4	1.4
Cumulative charges incurred	1.8
Other Related Charges
Restructuring Cost and Reserve [Line Items]
Restructuring charges and other	0.0	$ 3.0
Cumulative charges incurred	3.0
Operating segments \| Revlon
Restructuring Cost and Reserve [Line Items]
Restructuring charges and other	8.6
Cumulative charges incurred	33.2
Operating segments \| Elizabeth Arden
Restructuring Cost and Reserve [Line Items]
Restructuring charges and other	0.4
Cumulative charges incurred	13.2
Operating segments \| Portfolio
Restructuring Cost and Reserve [Line Items]
Restructuring charges and other	0.8
Cumulative charges incurred	14.2
Corporate, Non-Segment \| Fragrance
Restructuring Cost and Reserve [Line Items]
Restructuring charges and other	1.8
Cumulative charges incurred	$ 18.8

RESTRUCTURING CHARGES - Restructuring Reserve (Details) - USD ($) $ in Millions	9 Months Ended	21 Months Ended
	Sep. 30, 2018	Sep. 30, 2018
Restructuring Reserve [Roll Forward]
Liability Balance at period start	$ 33.9
Expense (Income), Net	14.3
Foreign Currency Translation	(0.3)
Cash utilized, net	(20.9)
Non-cash utilized, net	0.0
Liability Balance at period end	27.0	$ 27.0
EA Integration Restructuring Program
Restructuring Reserve [Roll Forward]
Liability Balance at period start	29.7
Expense (Income), Net	12.0
Foreign Currency Translation	(0.2)
Cash utilized, net	(18.4)	(60.9)
Non-cash utilized, net	0.0
Liability Balance at period end	23.1	23.1
EA Integration Restructuring Program \| Employee severance and other personnel benefits
Restructuring Reserve [Roll Forward]
Liability Balance at period start	25.8
Expense (Income), Net	12.7
Foreign Currency Translation	(0.2)
Cash utilized, net	(17.6)
Non-cash utilized, net	0.0
Liability Balance at period end	20.7	20.7
EA Integration Restructuring Program \| Other
Restructuring Reserve [Roll Forward]
Liability Balance at period start	3.9
Expense (Income), Net	(0.7)
Foreign Currency Translation	0.0
Cash utilized, net	(0.8)
Non-cash utilized, net	0.0
Liability Balance at period end	2.4	2.4
EA Integration Restructuring Program \| Inventory adjustments and other restructuring
Restructuring Reserve [Roll Forward]
Expense (Income), Net	0.4
Other immaterial actions \| Employee severance and other personnel benefits
Restructuring Reserve [Roll Forward]
Liability Balance at period start	2.5
Expense (Income), Net	2.3
Foreign Currency Translation	0.0
Cash utilized, net	(2.5)
Non-cash utilized, net	0.0
Liability Balance at period end	2.3	2.3
Other immaterial actions \| Other
Restructuring Reserve [Roll Forward]
Liability Balance at period start	1.7
Expense (Income), Net	0.0
Foreign Currency Translation	(0.1)
Cash utilized, net	0.0
Non-cash utilized, net	0.0
Liability Balance at period end	1.6	1.6
Other immaterial actions \| Inventory adjustments and other restructuring
Restructuring Reserve [Roll Forward]
Liability Balance at period start	4.2
Expense (Income), Net	2.3
Foreign Currency Translation	(0.1)
Cash utilized, net	(2.5)
Non-cash utilized, net	0.0
Liability Balance at period end	$ 3.9	$ 3.9

DISCONTINUED OPERATIONS (Details)
$ in Millions

3 Months Ended

9 Months Ended

12 Months Ended

Sep. 30, 2018

USD ($)

Sep. 30, 2017

USD ($)

Sep. 30, 2018

USD ($)

Sep. 30, 2017

USD ($)

Dec. 31, 2014

job_position

Dec. 31, 2017

USD ($)

Income Statement Disclosures [Abstract]

(Loss) income from discontinued operations, net of taxes

$ (0.4)

$ 0.4

^[1]

$ (0.1)

$ 1.3

^[1]

Operations in China

Income Statement Disclosures [Abstract]

(Loss) income from discontinued operations, before taxes

0.0

1.6

Provision for income taxes

0.3

(Loss) income from discontinued operations, net of taxes

$ 1.3

Disposed of by sale | Operations in China

Income Statement Disclosures [Abstract]

(Loss) income from discontinued operations, before taxes

0.0

(0.4)

0.7

(0.1)

Provision for income taxes

0.0

0.3

0.0

(Loss) income from discontinued operations, net of taxes

(0.4)

$ 0.4

(0.1)

Balance Sheet Disclosures [Abstract]

Cash and cash equivalents

1.1

$ 1.3

Trade receivables, net

0.2

Total current assets

1.3

1.5

Total assets

1.3

1.5

Accounts payable

0.5

Accrued expenses and other

3.3

3.5

Total current liabilities

3.8

4.0

Total liabilities

$ 3.8

$ 4.0

December 2013 Program

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Number of positions eliminated | job_position

1,100

[1]	Adjusted as a result of the adoption of certain accounting pronouncements during 2018. See Note 1, "Description of Business and Summary of Significant Accounting Policies - Recently Adopted Accounting Pronouncements," for details of these adjustments.

INVENTORIES - Components of Inventories (Details) - USD ($) $ in Millions	Sep. 30, 2018	Dec. 31, 2017
Inventory Disclosure [Abstract]
Raw materials and supplies	$ 160.4	$ 123.4
Work-in-process	11.0	22.0
Finished goods	416.2	352.5
Inventories	$ 587.6	$ 497.9

GOODWILL AND INTANGIBLE ASSETS, NET - Changes in Goodwill by Segment (Details)	9 Months Ended
	Sep. 30, 2018 USD ($) segment
Goodwill [Line Items]
Number of reporting segments \| segment	4
Goodwill [Roll Forward]
Beginning Balance	$ 692,500,000
Foreign currency translation adjustment	(400,000)
Ending Balance	692,100,000
Cumulative goodwill impairment charges	37,200,000
Asset impairment charges	0
Fragrance
Goodwill [Roll Forward]
Beginning Balance	120,800,000
Foreign currency translation adjustment	0
Ending Balance	120,800,000
Cumulative goodwill impairment charges
Operating segments \| Consumer
Goodwill [Roll Forward]
Beginning Balance	265,300,000
Foreign currency translation adjustment	(200,000)
Ending Balance	265,100,000
Cumulative goodwill impairment charges
Operating segments \| Professional
Goodwill [Roll Forward]
Beginning Balance	189,500,000
Foreign currency translation adjustment	(200,000)
Ending Balance	189,300,000
Cumulative goodwill impairment charges
Operating segments \| Elizabeth Arden
Goodwill [Roll Forward]
Beginning Balance	116,900,000
Foreign currency translation adjustment	0
Ending Balance	116,900,000
Cumulative goodwill impairment charges

GOODWILL AND INTANGIBLE ASSETS, NET - Summary of Intangible Assets (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017	Dec. 31, 2017
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, gross carrying amount	$ 574.5		$ 574.5		$ 575.1
Finite-lived intangible assets, accumulated amortization	(160.3)		(160.3)		(130.9)
Finite-lived intangible assets, net carrying amount	414.2		414.2		444.2
Amortization expense	10.1	$ 10.4	30.3	$ 32.6
Indefinite-lived Intangible Assets [Line Items]
Indefinite-lived intangible assets, carrying amount	145.9		145.9		147.9
Intangible assets, gross carrying amount	720.4		720.4		723.0
Intangible assets, net carrying amount	560.1		560.1		592.1
Trade names
Indefinite-lived Intangible Assets [Line Items]
Indefinite-lived intangible assets, carrying amount	145.9		145.9		147.9
Trademarks and licenses
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, gross carrying amount	272.3		272.3		271.4
Finite-lived intangible assets, accumulated amortization	(87.8)		(87.8)		(72.8)
Finite-lived intangible assets, net carrying amount	184.5		$ 184.5		$ 198.6
Weighted average useful life			13 years		13 years
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, gross carrying amount	249.0		$ 249.0		$ 250.6
Finite-lived intangible assets, accumulated amortization	(58.3)		(58.3)		(46.8)
Finite-lived intangible assets, net carrying amount	190.7		$ 190.7		$ 203.8
Weighted average useful life			12 years		13 years
Patents and internally-developed intellectual property
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, gross carrying amount	20.9		$ 20.9		$ 20.8
Finite-lived intangible assets, accumulated amortization	(9.7)		(9.7)		(8.4)
Finite-lived intangible assets, net carrying amount	11.2		$ 11.2		$ 12.4
Weighted average useful life			16 years		7 years
Distribution rights
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, gross carrying amount	31.0		$ 31.0		$ 31.0
Finite-lived intangible assets, accumulated amortization	(3.6)		(3.6)		(2.3)
Finite-lived intangible assets, net carrying amount	27.4		$ 27.4		$ 28.7
Weighted average useful life			6 years		17 years
Other
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, gross carrying amount	1.3		$ 1.3		$ 1.3
Finite-lived intangible assets, accumulated amortization	(0.9)		(0.9)		(0.6)
Finite-lived intangible assets, net carrying amount	$ 0.4		$ 0.4		$ 0.7
Weighted average useful life			1 year		2 years

GOODWILL AND INTANGIBLE ASSETS, NET - Estimated Future Amortization Expense (Details) - USD ($) $ in Millions	Sep. 30, 2018	Dec. 31, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
2018	$ 9.6
2019	37.8
2020	37.1
2021	36.1
2022	34.7
Thereafter	258.9
Finite-lived intangible assets, net carrying amount	$ 414.2	$ 444.2

ACCRUED EXPENSES AND OTHER - Components of Accrued Expenses and Other (Details) - USD ($) $ in Millions	Sep. 30, 2018	Dec. 31, 2017
Payables and Accruals [Abstract]
Advertising and promotional costs	$ 84.2	$ 84.0
Sales returns and allowances	70.0	61.7
Compensation and related benefits	63.0	59.6
Taxes	40.9	48.4
Restructuring reserve	26.5	33.3
Interest	19.1	23.8
Other	107.9	102.0
Accrued expenses and other	$ 411.6	$ 412.8

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

Sep. 30, 2018

Dec. 31, 2017

$ 3,151.7

$ 2,823.9

Less current portion

(420.3)

(170.2)

2,731.4

2,653.7

Short-term borrowings

^[1]

21.4

12.4

2016 Term Loan

2016 Revolving Credit Facility

1,727.4

1,735.9

$ 402.2

152.1

Less current portion

(152.1)

5.75% Senior Notes

5.75%

$ 496.2

495.1

6.25% Senior Notes

6.25%

Foreign Asset-Based Term Loan

$ 441.1

440.3

84.3

0.0

Spanish Government Loan

$ 0.5

[1]	Includes $11.0 million of borrowings as of September 30, 2018 under the 2018 Senior Line of Credit Facility between Products Corporation and MacAndrews & Forbes Incorporated, a related party. See Note 7, "Long-term Debt," for more information.

LONG-TERM DEBT - Narrative (Details)

3 Months Ended

9 Months Ended

Sep. 30, 2018

USD ($)

Sep. 30, 2017

USD ($)

^[1]

Sep. 30, 2018

USD ($)

Sep. 30, 2017

USD ($)

^[1]

Jul. 09, 2018

EUR (€)

Jun. 18, 2018

USD ($)

Apr. 17, 2018

USD ($)

Apr. 12, 2018

USD ($)

Dec. 31, 2017

USD ($)

Aug. 04, 2016

$ 420,300,000

$ 170,200,000

3,151,700,000

2,823,900,000

2016 Revolving Credit Facility

3,800,000

$ 2,300,000

9,100,000

$ 6,800,000

152,100,000

402,200,000

152,100,000

18,000,000

2016 Term Loan

2018 Senior Line of Credit

$ 1,727,400,000

1,735,900,000

8.00%

5.75% Senior Notes

$ 496,200,000

495,100,000

5.75%

6.25% Senior Notes

$ 441,100,000

440,300,000

Original 5.75% Senior Notes

6.25%

Aggregate principal amount

$ 500,000,000

Revlon Consumer Products Corporation | 2016 Term Loan

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

18,100,000

200,000,000

$ 200,000,000

Line of credit facility, amount outstanding

1,764,000,000

Revlon Consumer Products Corporation | 2018 Senior Line of Credit

1,800,000,000.0

Amount outstanding

11,000,000

Revlon Consumer Products Corporation | 6.25% Senior Notes

$ 50,000,000

Aggregate principal amount

6.25%

$ 450,000,000

450,000,000

Revolving Credit Facility | 2016 Revolving Credit Facility

Revolving Credit Facility | Revlon Consumer Products Corporation | Tranche A And B of 2016 Revolving Credit Facility

$ 400,000,000

Amount outstanding

408,300,000

Revolving Credit Facility | Revlon Consumer Products Corporation | 2016 Revolving Credit Facility

441,500,000

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

$ 200,000,000

Secured Debt | Revlon Consumer Products Corporation | Asset-Based Term Facility

441,500,000.0

Unsecured Debt | Revlon Consumer Products Corporation | 2018 Senior Line of Credit

Commitment | €

€ 77,000,000

Line of credit facility, amount outstanding

Amount outstanding

11,000,000

11,000,000

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

$ 50,000,000

Standby and trade letters of credit for various corporate purposes

$ 100,000,000

$ 10,100,000

[1]	Adjusted as a result of the adoption of certain accounting pronouncements during 2018. See Note 1, "Description of Business and Summary of Significant Accounting Policies - Recently Adopted Accounting Pronouncements," for details of these adjustments.

LONG-TERM DEBT - Euro (Details) - Revlon Consumer Products Corporation - Asset-Based Term Facility - Secured Debt	Jul. 09, 2018 EUR (€)
Line of Credit Facility [Line Items]
Commitment	€ 77,000,000
Line of credit facility, additional borrowing capacity	€ 43,000,000
Borrowing base calculation, percentage of eligible accounts receivable	85.00%
Borrowing base calculation, percentage of eligible inventory	90.00%
Early prepayment premium, percent	1.00%
Percentage of cash deposits that may not exceed borrowing base	10.00%
Eurocurrency
Line of Credit Facility [Line Items]
Basis spread on variable interest rate	6.50%

LONG-TERM DEBT - 2018 Senior Line of Credit Facility (Details) - USD ($)	3 Months Ended	9 Months Ended
	Sep. 30, 2018	Sep. 30, 2018	Sep. 30, 2017	Jun. 18, 2018
Line of Credit Facility [Line Items]
Repayments of long-term lines of credit		$ 13,500,000	$ 13,500,000
2018 Senior Line of Credit
Line of Credit Facility [Line Items]
Stated interest rate	8.00%	8.00%
Revlon Consumer Products Corporation \| 2018 Senior Line of Credit
Line of Credit Facility [Line Items]
Commitment	$ 50,000,000	$ 50,000,000
Amount outstanding	11,000,000	11,000,000
Revlon Consumer Products Corporation \| 2018 Senior Line of Credit \| Unsecured Debt
Line of Credit Facility [Line Items]
Commitment				$ 50,000,000
Amount outstanding	11,000,000	$ 11,000,000
Repayments of long-term lines of credit	$ 4,000,000

Benefit from income taxes

The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement.

+ References + Details

LONG-TERM DEBT - Amendment to 2016 Revolving Credit Facility (Details)	Jul. 09, 2018 EUR (€)	Apr. 17, 2018 USD ($) shares	Apr. 12, 2018 USD ($)	Sep. 30, 2018 USD ($)	Jun. 30, 2018 USD ($)	Mar. 31, 2018 USD ($)	Aug. 04, 2016
Debt Instrument [Line Items]
Repayment of principal amount of borrowings outstanding of acquiree		$ 142,000,000
2011 Term Loan
Debt Instrument [Line Items]
Repayment of debt		651,400,000
Acquisition Term Loan
Debt Instrument [Line Items]
Repayment of debt		658,600,000
2016 Term Loan \| Revlon Consumer Products Corporation
Debt Instrument [Line Items]
Commitment		$ 1,800,000,000.0
Debt term		7 years
Maximum borrowing capacity, additional potential increase if other debt repaid and terminated		$ 400,000,000
Amount by which available liquidity does not exceed principal amount of other debt		$ 200,000,000		$ 200,000,000
Original issue discount percentage		0.50%
Maximum borrowing capacity, base for calculation of potential increase		$ 450,000,000
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
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
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%
2016 Revolving Credit Facility
Debt Instrument [Line Items]
Required liquidity amount				44,100,000
Remaining borrowing capacity				$ 1,000,000
2016 Revolving Credit Facility \| Revlon Consumer Products Corporation
Debt Instrument [Line Items]
Debt term		5 years
Maximum borrowing capacity, additional potential increase if other debt repaid and terminated		$ 400,000,000
Proceeds from lines of credit		35,000,000
5.75% Senior Notes
Debt Instrument [Line Items]
Stated interest rate				5.75%
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		$ 450,000,000
Stated interest rate				6.25%			6.25%
Adjusted LIBOR \| 2016 Term Loan \| Revlon Consumer Products Corporation
Debt Instrument [Line Items]
Variable rate floor		0.75%
Basis spread on variable interest rate		3.50%
Alternate base rate \| 2016 Term Loan \| Revlon Consumer Products Corporation
Debt Instrument [Line Items]
Basis spread on variable interest rate		2.50%
Revolving Credit Facility \| Tranche B \| Revlon Consumer Products Corporation
Debt Instrument [Line Items]
Commitment				$ 41,500,000		$ 385,000,000
Line of credit facility, additional borrowing capacity		$ 35,000,000
Calculated borrowing base				41,500,000	$ 40,100,000
Borrowing base calculation, percentage of eligible accounts receivable			10.00%
Unused capacity commitment fee percentage			0.50%
Revolving Credit Facility \| Tranche A \| Revlon Consumer Products Corporation
Debt Instrument [Line Items]
Commitment				400,000,000		$ 350,000,000
Calculated borrowing base				$ 463,500,000
Unused capacity commitment fee percentage			0.25%
Revolving Credit Facility \| 2016 Revolving Credit Facility
Debt Instrument [Line Items]
Commitment		400,000,000
Revolving Credit Facility \| 2016 Revolving Credit Facility \| Revlon Consumer Products Corporation
Debt Instrument [Line Items]
Commitment			$ 441,500,000.0
Borrowing base calculation, qualified restricted cash cap			75,000,000
Amount by which available liquidity does not exceed principal amount of other debt			$ 200,000,000
Equity of first tier foreign subsidiaries in excess of voting equity interests			65.00%
Maximum borrowing capacity, potential increase			$ 33,500,000.0
Borrowing base calculation, percentage of eligible accounts receivable			85.00%
Percentage of eligible equipment and real property			75.00%
Borrowing base calculation, eligible real property			$ 40,000,000
Borrowing base capped percentage			105.00%
Covenant terms, liquidity			$ 35,000,000
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
Secured Debt \| Asset-Based Term Facility \| Revlon Consumer Products Corporation
Debt Instrument [Line Items]
Commitment \| €	€ 77,000,000
Line of credit facility, additional borrowing capacity \| €	€ 43,000,000
Borrowing base calculation, percentage of eligible accounts receivable	85.00%
Secured Debt \| Eurocurrency \| Asset-Based Term Facility \| Revlon Consumer Products Corporation
Debt Instrument [Line Items]
Basis spread on variable interest rate	6.50%
Sublimit, letters of credit \| 2016 Revolving Credit Facility \| Revlon Consumer Products Corporation
Debt Instrument [Line Items]
Commitment			$ 100,000,000
Sublimit, swing line loans \| 2016 Revolving Credit Facility \| Revlon Consumer Products Corporation
Debt Instrument [Line Items]
Commitment			$ 70,000,000
Average excess availability, threshold one \| Revolving Credit Facility \| Alternate base rate \| Tranche B \| Revlon Consumer Products Corporation
Debt Instrument [Line Items]
Basis spread on variable interest rate			1.50%
Average excess availability, threshold one \| Revolving Credit Facility \| Alternate base rate \| Tranche A \| Revlon Consumer Products Corporation
Debt Instrument [Line Items]
Basis spread on variable interest rate			0.25%
Average excess availability, threshold one \| Revolving Credit Facility \| Eurocurrency \| Tranche B \| Revlon Consumer Products Corporation
Debt Instrument [Line Items]
Basis spread on variable interest rate			2.50%
Average excess availability, threshold one \| Revolving Credit Facility \| Eurocurrency \| Tranche A \| Revlon Consumer Products Corporation
Debt Instrument [Line Items]
Basis spread on variable interest rate			1.25%
Average Excess Availability, Threshold Two \| Revolving Credit Facility \| Alternate base rate \| Tranche B \| Revlon Consumer Products Corporation
Debt Instrument [Line Items]
Basis spread on variable interest rate			1.75%
Average Excess Availability, Threshold Two \| Revolving Credit Facility \| Alternate base rate \| Tranche A \| Revlon Consumer Products Corporation
Debt Instrument [Line Items]
Basis spread on variable interest rate			0.50%
Average Excess Availability, Threshold Two \| Revolving Credit Facility \| Eurocurrency \| Tranche B \| Revlon Consumer Products Corporation
Debt Instrument [Line Items]
Basis spread on variable interest rate			2.75%
Average Excess Availability, Threshold Two \| Revolving Credit Facility \| Eurocurrency \| Tranche A \| Revlon Consumer Products Corporation
Debt Instrument [Line Items]
Basis spread on variable interest rate			1.50%
Average Excess Availability, Threshold Three \| Revolving Credit Facility \| Alternate base rate \| Tranche B \| Revlon Consumer Products Corporation
Debt Instrument [Line Items]
Basis spread on variable interest rate			2.00%
Average Excess Availability, Threshold Three \| Revolving Credit Facility \| Alternate base rate \| Tranche A \| Revlon Consumer Products Corporation
Debt Instrument [Line Items]
Basis spread on variable interest rate			0.75%
Average Excess Availability, Threshold Three \| Revolving Credit Facility \| Eurocurrency \| Tranche B \| Revlon Consumer Products Corporation
Debt Instrument [Line Items]
Basis spread on variable interest rate			3.00%
Average Excess Availability, Threshold Three \| Revolving Credit Facility \| Eurocurrency \| Tranche A \| Revlon Consumer Products Corporation
Debt Instrument [Line Items]
Basis spread on variable interest rate			1.75%
Secured Debt \| Tranche B \| Revlon Consumer Products Corporation
Debt Instrument [Line Items]
Aggregate principal amount		41,500,000.0
Borrowing base calculation, qualified restricted cash cap		15,000,000
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) \| shares		50,000
Repurchase and retirement of preferred stock, change in control premium		$ 5,000,000
Elizabeth Arden \| Revlon Consumer Products Corporation
Debt Instrument [Line Items]
Acquisition, consideration transferred, cash on hand		126,700,000
Elizabeth Arden \| Elizabeth Arden senior notes
Debt Instrument [Line Items]
Acquisition, consideration transferred, repayment of debt of acquiree		350,000,000
Elizabeth Arden \| Elizabeth Arden revolving credit facility
Debt Instrument [Line Items]
Commitment		300,000,000
Elizabeth Arden \| Elizabeth Arden Second lien credit facility
Debt Instrument [Line Items]
Acquisition, consideration transferred, repayment of debt of acquiree		$ 25,000,000

LONG-TERM DEBT - Covenants (Details) - USD ($)	Sep. 30, 2018	Jun. 30, 2018	Apr. 17, 2018	Apr. 12, 2018	Mar. 31, 2018	Dec. 31, 2017
2016 Revolving Credit Facility
Debt Instrument [Line Items]
Remaining borrowing capacity	$ 1,000,000
Required liquidity amount	44,100,000
Amount of ilquidity and availability	45,100,000
Revlon Consumer Products Corporation \| 2018 Senior Line of Credit
Debt Instrument [Line Items]
Commitment	50,000,000
Aggregate principal amount outstanding	11,000,000
Remaining borrowing capacity	39,000,000
Revolving Credit Facility \| 2016 Revolving Credit Facility
Debt Instrument [Line Items]
Commitment			$ 400,000,000
Revolving Credit Facility \| Revlon Consumer Products Corporation \| Tranche A
Debt Instrument [Line Items]
Commitment	400,000,000				$ 350,000,000
Borrowing Base	433,800,000
Aggregate principal amount outstanding	366,800,000
Calculated borrowing base	463,500,000
Revolving Credit Facility \| Revlon Consumer Products Corporation \| Tranche B
Debt Instrument [Line Items]
Commitment	41,500,000				$ 385,000,000
Borrowing Base	44,300,000
Aggregate principal amount outstanding	41,500,000
Calculated borrowing base	41,500,000	$ 40,100,000
Revolving Credit Facility \| Revlon Consumer Products Corporation \| Tranche A And B of 2016 Revolving Credit Facility
Debt Instrument [Line Items]
Commitment	441,500,000
Borrowing Base	478,100,000
Aggregate principal amount outstanding	408,300,000
Remaining borrowing capacity	1,000,000
Revolving Credit Facility \| Revlon Consumer Products Corporation \| 2016 Revolving Credit Facility
Debt Instrument [Line Items]
Commitment				$ 441,500,000.0
Sublimit, letters of credit \| Revlon Consumer Products Corporation \| Tranche A
Debt Instrument [Line Items]
Standby and trade letters of credit for various corporate purposes	10,100,000
Sublimit, letters of credit \| Revlon Consumer Products Corporation \| 2016 Revolving Credit Facility
Debt Instrument [Line Items]
Commitment				$ 100,000,000
Standby and trade letters of credit for various corporate purposes	$ 10,100,000					$ 10,100,000

FAIR VALUE MEASUREMENTS - Schedule of Fair Values of Financial Assets and Liabilities (Details) - USD ($) $ in Millions	Sep. 30, 2018	Dec. 31, 2017
Assets:
FX Contracts	$ 0.1	$ 0.6
Total assets at fair value	0.1	0.6
Liabilities:
FX Contracts	0.1	1.9
2013 Interest Rate Swap		0.9
Total liabilities at fair value	0.1	2.8
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
Total liabilities at fair value	0.0	0.0
Level 2
Assets:
FX Contracts	0.1	0.6
Total assets at fair value	0.1	0.6
Liabilities:
FX Contracts	0.1	1.9
2013 Interest Rate Swap		0.9
Total liabilities at fair value	0.1	2.8
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
Total liabilities at fair value	$ 0.0	$ 0.0

FAIR VALUE MEASUREMENTS - Schedule of Fair Values of Financial Liabilities (Details) - USD ($) $ in Millions	Sep. 30, 2018	Dec. 31, 2017
Liabilities:
Fair Value, Long-term debt, including current portion	$ 2,539.3	$ 2,131.5
Carrying Value, Long-term debt, including current portion	3,151.7	2,823.9
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	2,539.3	2,131.5
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	Sep. 30, 2018	Jun. 30, 2018	Dec. 31, 2017	Sep. 30, 2017	Dec. 31, 2016	Sep. 07, 2016	Aug. 04, 2016	May 31, 2015
Fair Value Measurements Of Financial Instruments [Line Items]
Accumulated income (loss)		$ 988,200,000		$ 770,400,000
FX Contracts		$ 100,000		600,000
6.25% Senior Notes
Fair Value Measurements Of Financial Instruments [Line Items]
Stated interest rate		6.25%
Revlon Consumer Products Corporation \| 6.25% Senior Notes
Fair Value Measurements Of Financial Instruments [Line Items]
Stated interest rate		6.25%						6.25%
Deferred gain - hedging
Fair Value Measurements Of Financial Instruments [Line Items]
Accumulated income (loss)		$ 0		700,000
Foreign exchange contracts
Fair Value Measurements Of Financial Instruments [Line Items]
Derivative, notional amount		0		147,100,000
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%
Accumulated deferred losses, gross							$ 6,300,000
Interest rate swap \| Deferred gain - hedging
Fair Value Measurements Of Financial Instruments [Line Items]
Accumulated income (loss)		0	$ 1,800,000	700,000	$ 1,200,000	$ 3,000,000	$ 3,900,000
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		7,200,000		7,300,000
Sublimit, letters of credit \| 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		$ 10,100,000

FINANCIAL INSTRUMENTS - Fair Value of Derivative Financial Instruments in Consolidated Balance Sheet (Details) - Derivatives not designated as hedging instruments - USD ($) $ in Millions	Sep. 30, 2018	Dec. 31, 2017
Foreign exchange contracts \| Prepaid expenses and other
Derivative Instruments [Abstract]
Fair value of gross derivative asset	$ 0.1	$ 0.6
Foreign exchange contracts \| Accrued expenses and other
Derivative Instruments [Abstract]
Fair value of gross derivative liabilities	0.1	1.9
Interest rate swap \| Prepaid expenses and other
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	$ 0.0	$ 0.9

FINANCIAL INSTRUMENTS - Effects of Derivative Financial Instruments, Other Comprehensive Income (Loss) and Net Income (Details) - USD ($)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017	Dec. 31, 2017
Derivative Instruments, Gain (Loss) [Line Items]
Revaluation of derivative financial instruments, net of reclassifications into earnings, tax expense (benefit)	$ 0	$ 400,000	$ 500,000	$ 1,100,000
Interest rate swap \| Designated as Hedging Instrument [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of gain (loss) recognized in other comprehensive income	0	600,000	700,000		$ 1,800,000
Interest rate swap \| Designated as Hedging Instrument [Member] \| Interest Expense
Derivative Instruments, Gain (Loss) [Line Items]
Amount of gain (loss) recognized in net income	0	(900,000)	(1,200,000)	(2,900,000)
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	0	200,000	(100,000)
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	$ 0	$ (2,400,000)	$ 200,000	$ (4,000,000)

PENSION AND POST-RETIREMENT BENEFITS - Components of Net Periodic Benefit Costs (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017	Dec. 31, 2017
Net periodic benefit (income) costs:
Net periodic benefit (income) costs	$ 0.8	$ 0.8	$ 2.0	$ 1.9	$ 1.5
Pension Plans [Member]
Net periodic benefit (income) costs:
Service cost	0.5	0.6	1.5	1.9
Interest cost	4.6	4.9	13.9	14.7
Expected return on plan assets	(6.9)	(7.1)	(20.8)	(21.4)
Amortization of actuarial loss	2.4	2.3	6.9	7.1
Curtailment gain			0.0	(0.8)
Total net periodic benefit costs prior to allocation			1.5	1.5
Portion allocated to Revlon Holdings			(0.1)	(0.1)
Net periodic benefit (income) costs	0.6	0.7	1.4	1.4
Other Post-Retirement Benefit Plans [Member]
Net periodic benefit (income) costs:
Service cost	0.0	0.0	0.0	0.0
Interest cost	0.1	0.1	0.3	0.3
Expected return on plan assets	0.0	0.0	0.0	0.0
Amortization of actuarial loss	0.1	0.0	0.3	0.2
Curtailment gain			0.0	0.0
Total net periodic benefit costs prior to allocation			0.6	0.5
Portion allocated to Revlon Holdings			0.0	0.0
Net periodic benefit (income) costs	$ 0.2	$ 0.1	$ 0.6	$ 0.5

PENSION AND POST-RETIREMENT BENEFITS - Classification of Net Periodic Pension (Income) Costs (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017	Dec. 31, 2017
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net periodic benefit (income) costs	$ 0.8	$ 0.8	$ 2.0	$ 1.9	$ 1.5
Cost of Sales [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net periodic benefit (income) costs	0.0	0.0	0.0	0.0
SG&A Expenses [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net periodic benefit (income) costs	0.5	0.7	1.5	1.9
Miscellaneous, Net [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net periodic benefit (income) costs	$ 0.3	$ 0.1	$ 0.5	$ 0.0

PENSION AND POST-RETIREMENT BENEFITS - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017	Dec. 31, 2017
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net periodic benefit (income) costs	$ 0.8	$ 0.8	$ 2.0	$ 1.9	$ 1.5
Estimated contributions in next fiscal year	10.0		10.0
Pension Plans [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net periodic benefit (income) costs	0.6	0.7	1.4	1.4
Actuarial losses and prior service costs expected to be recognized in net periodic benefit cost during next fiscal year	2.7		2.7
Employer contributions	2.1		5.5
Other Post-Retirement Benefit Plans [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net periodic benefit (income) costs	0.2	$ 0.1	0.6	$ 0.5
Employer contributions	$ 0.2		$ 0.6

INCOME TAXES - Narrative (Details) - USD ($)
$ in Millions

3 Months Ended

9 Months Ended

12 Months Ended

Sep. 30, 2018

Sep. 30, 2017

^[1]

Sep. 30, 2018

Sep. 30, 2017

^[1]

Dec. 31, 2017

Income Tax Disclosure [Line Items]

$ (38.7)

$ (10.8)

$ (43.1)

$ (37.8)

Increase (Decrease) in Income Tax Expense (Benefit)

$ (27.9)

$ (5.3)

Impact of Tax Cuts and Jobs Act

$ 47.9

Domestic [Member]

Income Tax Disclosure [Line Items]

Tax loss carryforwards

$ 519.3

[1]	Adjusted as a result of the adoption of certain accounting pronouncements during 2018. See Note 1, "Description of Business and Summary of Significant Accounting Policies - Recently Adopted Accounting Pronouncements," for details of these adjustments.

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

3 Months Ended

9 Months Ended

Sep. 30, 2018

Sep. 30, 2017

^[1]

Sep. 30, 2018

Sep. 30, 2017

^[1]

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

$ (770.4)

$ (2.6)

$ 1.4

(5.1)

^[2]

$ 15.8

Accumulated Other Comprehensive Loss

(988.2)

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

(228.4)

^[2]

(5.1)

Foreign Currency Translation

(233.5)

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

(15.0)

(12.3)

Actuarial (Loss) Gain on Post-retirement Benefits

(27.3)

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

(212.4)

6.5

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

(205.9)

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

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

6.5

(0.8)

Deferred Gain (Loss) - Hedging

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

(0.7)

0.7

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

0.0

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

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

0.7

0.5

Other

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

(0.3)

0.0

$ (0.3)

[1]	Adjusted as a result of the adoption of certain accounting pronouncements during 2018. See Note 1, "Description of Business and Summary of Significant Accounting Policies - Recently Adopted Accounting Pronouncements," for details of these adjustments.
[2]	See Note 12, "Accumulated Other Comprehensive Loss," regarding the changes in the accumulated balances for each component of other comprehensive loss during the nine months ended September 30, 2018.

ACCUMULATED OTHER COMPREHENSIVE LOSS - Reclassification out of Accumulated Comprehensive Loss (Details) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance		$ (770.4)
Ending balance		(988.2)
Deferred gain - hedging
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance		(0.7)
Ending balance		0.0
Deferred gain - hedging \| Interest rate swap
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance		(0.7)	$ (3.0)
Ending balance	$ (1.2)	0.0	(1.2)
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	0.6	0.7	1.8
Other Comprehensive Income (Loss), Tax [Abstract]
Reclassifications into earnings - tax benefit	$ 0.4	$ 0.5	$ 1.1

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

3 Months Ended

9 Months Ended

Sep. 30, 2018

Sep. 30, 2017

Sep. 30, 2018

Sep. 30, 2017

$ 655.4

$ 666.5

$ 1,822.9

$ 1,907.1

Depreciation and amortization

2.3

(5.4)

^[1]

(117.4)

(43.3)

^[1]

119.4

111.7

Non-Operating items:

Restructuring and related charges

3.9

6.4

^[1]

13.9

11.3

^[1]

Acquisition and integration costs

3.4

12.7

^[1]

12.0

40.2

^[1]

Loss on disposal of minority investment

0.0

^[1]

20.1

0.0

^[1]

Interest expense

46.4

38.6

^[1]

129.1

110.3

^[1]

Foreign currency gains, net

3.8

2.3

^[1]

9.1

6.8

^[1]

1.1

(3.1)

^[1]

10.7

(16.8)

^[1]

Miscellaneous, net

0.4

^[1]

0.6

1.8

^[1]

Loss from continuing operations before income taxes

(49.4)

(43.6)

^[1]

(266.9)

(145.4)

^[1]

Operating segments

655.4

666.5

1,822.9

1,907.1

Segment reconciling items

72.4

53.7

113.3

146.8

Depreciation and amortization

40.1

37.9

119.4

111.7

Non-cash stock compensation expense

6.3

1.5

14.8

5.9

Non-Operating items:

Restructuring and related charges

3.8

6.6

14.8

12.3

Acquisition and integration costs

3.4

12.7

12.0

40.2

Loss on disposal of minority investment

0.0

Oxford SAP disruption-related charges

16.5

0.0

49.6

0.0

Deferred compensation

0.0

0.3

0.0

2.0

Consumer

Consumer | Operating segments

249.5

254.5

736.9

787.8

249.5

254.5

736.9

787.8

36.8

22.4

75.6

98.1

Elizabeth Arden

Elizabeth Arden | Operating segments

122.1

104.8

333.9

301.6

122.1

104.8

333.9

301.6

6.6

1.6

2.3

Professional

Professional | Operating segments

138.4

147.9

420.5

437.9

138.4

147.9

420.5

437.9

2.1

7.7

(5.8)

7.7

Fragrance

Fragrance | Operating segments

145.4

159.3

331.6

379.8

145.4

159.3

331.6

379.8

Elizabeth Arden | Segment reconciling items

26.9

22.0

41.2

38.7

Non-Operating items:

Elizabeth Arden 2016 Business Transformation Program

0.0

0.1

0.0

0.8

Inventory purchase accounting adjustment, cost of sales

$ 0.0

$ 17.2

[1]	Adjusted as a result of the adoption of certain accounting pronouncements during 2018. See Note 1, "Description of Business and Summary of Significant Accounting Policies - Recently Adopted Accounting Pronouncements," for details of these adjustments.

SEGMENT DATA AND RELATED INFORMATION - Additional Information (Details)	9 Months Ended
	Sep. 30, 2018 segment country
Segment Reporting Information [Line Items]
Number of reporting segments \| segment	4
International
Segment Reporting Information [Line Items]
Number of countries in which entity operates \| country	27

SEGMENT DATA AND RELATED INFORMATION - Schedule of Net Sales and Long-Lived Assets by Geographic Area (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017	Dec. 31, 2017
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	$ 655.4	$ 666.5	$ 1,822.9	$ 1,907.1
Long-lived assets	1,728.1		1,728.1		$ 1,775.7
United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	350.8	343.9	966.1	1,002.4
Long-lived assets	$ 1,447.3		$ 1,447.3		$ 1,480.1
Percentage of long lived assets by geographic location	84.00%		84.00%		83.00%
EMEA
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	$ 179.9	190.9	$ 515.5	545.4
Asia
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	56.3	51.8	163.1	154.0
Latin America
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	32.5	39.2	84.5	105.7
Pacific
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	35.9	40.7	93.7	99.6
International
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	$ 280.8		$ 280.8		$ 295.6
Percentage of long lived assets by geographic location	16.00%		16.00%		17.00%
Revlon
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	$ 249.5	254.5	$ 736.9	787.8
Revlon \| United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	123.1	116.8	388.2	411.9
Revlon \| EMEA
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	57.9	59.7	166.5	170.0
Revlon \| Asia
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	28.6	30.2	78.5	81.9
Revlon \| Latin America
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	19.9	23.4	49.3	62.4
Revlon \| Pacific
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	20.0	24.4	54.4	61.6
Elizabeth Arden
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	122.1	104.8	333.9	301.6
Elizabeth Arden \| United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	40.3	37.0	96.2	99.6
Elizabeth Arden \| EMEA
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	48.3	40.6	141.4	124.5
Elizabeth Arden \| Asia
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	23.2	16.6	71.6	53.7
Elizabeth Arden \| Latin America
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	3.2	3.5	7.9	7.9
Elizabeth Arden \| Pacific
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	7.1	7.1	16.8	15.9
Portfolio
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	138.4	147.9	420.5	437.9
Portfolio \| United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	88.1	81.5	264.8	248.4
Portfolio \| EMEA
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	40.5	52.5	126.0	148.9
Portfolio \| Asia
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	1.1	2.0	3.1	7.1
Portfolio \| Latin America
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	6.0	8.2	16.8	23.5
Portfolio \| Pacific
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	2.7	3.7	9.8	10.0
Fragrance
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	145.4	159.3	331.6	379.8
Fragrance \| United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	99.3	108.6	216.9	242.5
Fragrance \| EMEA
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	33.2	38.1	81.6	102.0
Fragrance \| Asia
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	3.4	3.0	9.9	11.3
Fragrance \| Latin America
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	3.4	4.1	10.5	11.9
Fragrance \| Pacific
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	$ 6.1	$ 5.5	$ 12.7	$ 12.1

SEGMENT DATA AND RELATED INFORMATION - Schedule of Net Sales by Classes of Similar Products (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017	Dec. 31, 2015
Revenue from External Customer [Line Items]
Net sales	$ 655.4	$ 666.5	$ 1,822.9	$ 1,907.1
Color cosmetics
Revenue from External Customer [Line Items]
Net sales	$ 216.4	$ 230.3		$ 710.5	$ 631.1
Percentage of net sales by classes of similar products	33.00%	35.00%	35.00%	37.00%
Fragrance
Revenue from External Customer [Line Items]
Net sales	$ 191.7	$ 199.1		$ 492.0	448.5
Percentage of net sales by classes of similar products	29.00%	30.00%	25.00%	26.00%
Hair care
Revenue from External Customer [Line Items]
Net sales	$ 129.6	$ 127.5		$ 387.5	391.0
Percentage of net sales by classes of similar products	20.00%	19.00%	21.00%	20.00%
Beauty care
Revenue from External Customer [Line Items]
Net sales	$ 49.7	$ 57.6		$ 161.1	147.5
Percentage of net sales by classes of similar products	8.00%	9.00%	8.00%	8.00%
Skin care
Revenue from External Customer [Line Items]
Net sales	$ 68.0	$ 52.0		$ 156.0	$ 204.8
Percentage of net sales by classes of similar products	10.00%	8.00%	11.00%	8.00%

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

9 Months Ended

Sep. 30, 2018

Sep. 30, 2017

Sep. 30, 2018

Sep. 30, 2017

Numerator:

Loss from continuing operations, net of taxes

$ (10.7)

$ (32.8)

^[1]

$ (223.8)

$ (107.6)

^[1]

(Loss) income from discontinued operations, net of taxes

(0.4)

0.4

^[1]

(0.1)

1.3

^[1]

Net loss

$ (11.1)

$ (32.4)

^[1]

$ (223.9)

$ (106.3)

^[1]

Denominator:

Weighted average common shares outstanding - Basic (shares)

52,834,879

52,615,412

^[1]

52,777,883

52,584,954

^[1]

Effect of dilutive restricted stock (shares)

Weighted average common shares outstanding - Diluted (shares)

52,834,879

52,615,412

^[1]

52,777,883

52,584,954

^[1]

Basic (loss) earnings per common share:

$ (0.20)

$ (0.62)

^[1]

$ (4.24)

$ (2.04)

^[1]

(0.01)

0.01

^[1]

0.00

0.02

^[1]

Diluted (loss) earnings per common share:

(0.21)

(0.61)

^[1]

(4.24)

(2.02)

^[1]

(0.20)

(0.62)

^[1]

(4.24)

(2.04)

^[1]

(0.01)

0.01

^[1]

0.00

0.02

^[1]